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The New Car Purchase Contract serves as a legally binding agreement between a vehicle seller and buyer in India, essential for documenting the terms and conditions of new vehicle acquisitions. This contract type is fundamental for both individual and corporate purchases, ensuring compliance with Indian automotive regulations including the Motor Vehicles Act 1988 and related rules. It's designed to protect both parties' interests while facilitating smooth transfer of vehicle ownership, incorporating mandatory requirements for registration, insurance, and warranty provisions under Indian law. The document is particularly crucial in the Indian context where specific documentation requirements must be met for vehicle registration and transfer of ownership. It includes provisions for payment terms, delivery conditions, warranties, and after-sales services, while ensuring alignment with GST requirements and consumer protection laws.

1. Parties: Details of the seller (dealership) and buyer, including full legal names, addresses, and registration/identification numbers

2. Background: Brief context of the transaction and the parties' intention to enter into a vehicle purchase agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, VIN, engine number, and chassis number

5. Purchase Price: Total purchase price, including GST and other applicable taxes, and breakdown of costs

6. Payment Terms: Payment schedule, method of payment, and consequences of default

7. Delivery: Delivery date, location, and conditions for vehicle handover

8. Warranties and Representations: Manufacturer's warranty details and seller's representations about the vehicle's condition

9. Registration and Insurance: Responsibilities for vehicle registration and mandatory insurance requirements

10. Transfer of Title: Process and timing of ownership transfer and required documentation

11. Seller's Obligations: Responsibilities of the seller including pre-delivery inspection and documentation

12. Buyer's Obligations: Responsibilities of the buyer including payment and compliance with registration requirements

13. Termination: Circumstances under which the agreement can be terminated and consequences

14. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes

15. Notices: Method and addresses for official communications between parties