Best Business Opportunities In Automotive Industry 

on Sep 11, 2021 | 357 views

Written by Deepak Sah                                                                          Sep 11, 2021

Domestic automobiles production increased at 2.36% CAGR between FY16-20 with 26.36 million vehicles being manufactured in the country in FY20. Overall, domestic automobiles sales increased at 1.29% CAGR between FY16-FY20 with 21.55 million vehicles being sold in FY20.

In FY21, the total passenger vehicles production reached 22,652,108. Overall, production of passenger vehicles, three-wheelers, two-wheelers and quadricycles reached 1,875,698 units in April 2021.Two-wheelers and passenger vehicles dominate the domestic Indian auto market. Passenger car sales are dominated by small and mid-sized cars. Two-wheelers and passenger cars accounted for 80.8% and 12.9% market share, respectively, accounting for a combined sale of over 20.1 million vehicles in FY20. Two-wheeler sales stood at 995,097 units, while passenger vehicle sales stood at 261,633 units in April 2021.

Overall, automobile export reached 4.77 million vehicles in FY20, growing at a CAGR of 6.94% during FY16-FY20. Two-wheelers made up 73.9% of the vehicles exported, followed by passenger vehicles at 14.2%, three-wheelers at 10.5% and commercial vehicles at 1.3%.

The automobile sector will get support through the Scrap policy

As per the data, there are around 1.2 crore vehicles will be removed from the road under this policy which will result in the demand for new vehicles and this will also result in overall turnover growth of the automobile sector from 4.5 lakh crore to 5.5 lakh crore. Due to the vehicle scrapping policy, the recycling business will grow and it will be at its peak in the automobile sector. Due to this recycling process, the price of raw materials for manufacturing new vehicles will fall as a result the price of vehicles will also fall. Due to the recycled product, there will be a lesser dependency on the imported material which will reduce the production cost and the customers can buy vehicles at a low price. And this will boost the demand for new vehicles. As per the data, the automobile industry generates around 1.45 lakh crore from export and now this figure is expected to increase to 3 lakh crore due to the implementation of the Vehicle scrappage policy. The aim of this policy is to make India a global automobile manufacturing Hub in India. According to experts, this policy will attract about 10,000 crore investment in the automobile sector. And the government also expects that this policy will create around 3.70 crore jobs in the organised sector in the automobile industry. And we all know demand will increase as a result many automobile companies will also hire manpower to meet the demand and for smooth supply of vehicles.

Appreciating the move from the union government, a spokesperson of Tata Motors said, “Provisions in the policy such as compulsory fitness certificate, disincentivising re-registration of commercial vehicles after 15 years and private vehicles after 20 years, would encourage the removal of old and polluting vehicles from the system. Largely, it addresses intents of all stakeholders from low import bill for scrap and crude oil, job opportunities for Micro, Small & Medium Enterprises (MSMEs), possibility of upside in new vehicle sales for OEMs, low operations cost for vehicle owners, safer & cleaner vehicles for consumers and a sustainable environment for all.”

There are lots of franchise opportunities available under the automobile franchise business  like:

  • Automobile Dealer and distributors franchise business

  • Automobile service related franchise business

  • Automobile Spare parts franchise business 

  • Automobile washing franchise business

  • Automobile recycling franchise business

Best profitable automobile-related franchise businesses and costs

Soiltech:It is one of the leading Agri equipment manufacturing brands. The world-class quality of Soiltech farm equipment makes the brand farmers' first choice in India and abroad. Headquartered in India, the brand has an existence in over 100 other countries. With more than three decades of experience in manufacturing tradition and trading in the farming and agricultural industries, Soiltech has become synonymous with quality farm and agricultural equipment.

Industry-Dealers and distributors 

Investment- 10 lakh-15 lakh

Franchise fees - 50,000 - 1 lakh

Outlets - 150 + outlets across India

Why Soiltech as a franchise opportunity :

  • Low cost, High return

  • 150+ outlets all across India

  • 45 years of Industry experience

  • Tested business model

  • Technologically advanced solution

  • Training and support

Dr Wheelz Franchise: DrWheelz is a doorstep car service platform, starting from a simple jump-start to a major engine failure that can be fixed at the doorstep by our car doctors. They cater to all the cars starting from a Tata Nano to a Lamborghini. Almost 80% of a car's needs can be met at the doorstep and their focus is exclusively on that 80%. They are the country's only doorstep service centre operating without even one physical outlet.

Outlets-15+ all across India

Investment-5 lakh-10lakh

Why Dr Wheelz Franchise?

  • Express Maintenance

  • Quick Vehicle Service Information

  • Immediate onsite support

  • DrWheelz qualified manpower

  • Trusted warranty

SpeedForce: SpeedForce is one of the leading two-wheeler servicing franchise businesses in India. It has a chain of its branches all over India. They provide innovative repair and maintenance services for any two-wheeler. They had a wide range of trustworthy services like pick up and drop facility, on-road breakdown support, insurance support, Annual Maintenance Contracts, warranty program on spare parts, and lubricants. They are bringing a revolution in servicing two-wheelers. With well-equipped two-wheeler service stations and skilful mechanics, They provide quality services with excellent packages that are intended to offer you great maintenance and saving. SpeedForce is a one-stop solution for all two-wheeler needs. They are committed to making your ride safe.

Outlets - 125+ all across India

Investment- 7.5 lakh

Why Speedforce franchise :

  • Low Investment and High Returns

  • Investment required: 7.5 lakh

  • 125+ outlets all across India

  • A Goodwill of SpeedForce brand that is trusted across the nation

  •  Help in setting your business in a perfect geographical location

  •  Backed by years of research, experience and financial stability

  •  A perfectly designed marketing strategy to kick start your business

  •  A comprehensive sales team that makes sure you are always high on profits

  •  A Supportive technical team that has solutions for everything

  •  A workforce that is skilled and professional to make sure customers are always happy with the service you provide

  •  Automobile Industry background not required.

Spares Hub: SparesHub brand is owned by Iridium Automobile Private Limited. It is India’s largest B2B e-commerce company in India. The company has 7+ years of expertise in car parts business and has 520+ registered customers across India. It is a team of 72 full-time employees across three offices in Pune, Mumbai and Bangalore. SparesHub provides parts from 80+ brands for all car models in India ranging from Maruti Suzuki to Mercedes Benz under one roof. The vision of SparesHub is to be the leading automobile maintenance company in India by using technology as leverage

Outlets- 15-20 all across India

Investment - 5 lakh - 10 lakh

Why Spares Hub franchise?

  • 7+ years of expertise

  • Servicing facilities for 80+ brands of car

  • Tested business models

  • 100% genuine parts

  • Investment required-2lakh to 5 lakh

  • Low investment ,High return

 DC Car Studio : It is a professional mechanized cleaning solution platform and it also provides car detailing services with a striving motivation to revolutionize the concept of car cleaning across the nation by creating a clean car culture through our franchise model. It is mostly known for quality, durability, and reliability that has been advancing the standard in automobile technology. Their every vehicle is detailed with perfection and our good and careful protection to bloom customers with our dynamic and most distinctive experience by promising our customers to deliver best services possible at all stages. They have divided services into two major categories that are detailing and washing. Customers can opt for either of them or they can opt for both of them simultaneously as per their convenience. 

Investment required -10lakh to 15 lakh

Outlets: 20-30 all across India

Why DC car studio franchise?

  • Investment required -10lakh to 15 lakh

  • Training support

  • Tested business model

  • Support in set up and marketing

  • Quick ROI 

ServiceForce franchise: It is India’s Largest 2 Wheeler Multi Brand Workshop Chain. They are offering Home Service, Break down and accidental assistance, PUC, Insurance and Pick drop facility to any 2 wheeler. Serviceforce has made a strategic alliance with Indian Oil Corporation Ltd (IOCL), India’s largest Enterprise for setting up service centers at its Petrol Stations, With the high footfalls at the Petrol pumps The company has more than 250 franchises in various states, servicing over 30 lakhs customers per year.

Investment required 10lakh-15 lakh

Outlets: 250 across India

Why service force?

  • Technology-enabled business model

  • Low investment, high return

  • Investment required 10lakh-15 lakh

  • Training and support

  • Workshop Layout and Tooling

  • Marketing and Brand Support

  • Experienced team

Go Waterless: Go Waterless started in October 2019 as an innovative concept in professional car cleaning services with a motto to revolutionize your Car washing experience. With extensive research & development for 2 years, they have successfully developed a 100% Herbal liquid that can clean the car without a single drop of water. With no Scratch or Side effects on the car. In a short span of 1.5 years, they have 60 franchises of ‘Go Waterless’ nationally & soon they are planning to go international too. 

Investment required - 5 lakh- 10 lakh

Why Go Waterless franchise?

  • Unique business model (100% herbal liquid)

  • 60+ franchise units in India

  • Low investment,high return

  • Investment required - 5 lakh- 10 lakh

  • It saves water around 200 liters per car wash

Service plus: ServicePlus is India's 1st Network of Multi-brand, Tech-Enabled Two-wheeler service solution companies. Their team consists of people who care for your motorcycles as much as they care for their own. They focus on creating unique service experiences that help build a foundation of trust with their customers. They have 18k+ happy customers, rebuilt 182 engines and 84% customer retention.

Why the ServicePlus franchise?

  • Experienced team

  • Online booking service

  • Technology-enabled business model

  • Low investment ,high return

  • Investment required 5lakh-10 lakh

  • Training and support

  • Workshop Layout and Tooling

  • Marketing and Brand Support

There are lots of franchise opportunities available in the automobile sector and if you are planning to invest in the automobile-related franchise business you can visit franchiseBazar and you can select from listed brands from the website as per your  plan.You can also clear your doubts from experts 

 

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