Car Repairing Services Near Me
Introduction & Market Prospects
Car repairing and services have high scope due to the expanding market of cars. In the year 2018 India was in the fourth largest position in car manufacturing. Indian auto manufacturers produced a record of 29.1 million motor vehicles in 2017/18 (April-March). 4.01 million passenger vehicles. It sold and sold a record four million vehicles (cars, utility vehicles, and vans) in the year ended March 31, 2018. The next milestone of five million vehicles may not take long but is unlikely to happen until 2020, contrary to some earlier forecasts. Between March 2013 and March 2018, domestic PV production saw an annual growth rate (CAGR) of 4.42 percent. Assuming this rate will remain for the next few years, it may take five years to reach five million units. The industry is more optimistic. This is because CAGR has been 7.72% in the last three years. It was estimated to become India’s third-largest PV market by 2020. It ranked fifth in 2017 after China, the US, Japan, and Germany.
READ HERE –PMEGP Loan Scheme
The auto servicing market, currently pegged at Rs. 20,000 crores, expected to be Rs. 33,000–34,000 crores by 2020. The increasing number of cars in the market helps in getting good customers and thus making the project viable.
Automobile repairing and servicing are one of the most known activities in almost all urban areas where all types of motor vehicles such as cars, buses, lorries, jeeps, etc. are provided for service and repair. Regular maintenance and servicing of vehicles are required for safe driving and durability of vehicles. Improper maintenance of vehicles, present condition of roads, irresponsible driving, use of cheap spare parts, etc. are the main reasons for sending vehicles for repair and maintenance. The service station is the most essential unit for vehicle users. This unit can be set up to meet local needs in urban, semi-urban, and rural areas. Candidates having a good experience or qualified person can start this unit with less investment.
AUTOMOBILE SERVICE UNIT
Almost all urban areas have a unit of most known automobile repairing and servicing where all types of auto motor vehicles are repaired and serviced such as a car, buses, jeeps, lorries, etc. are provided for service and repair. Regular maintenance and servicing of vehicles are required for safe driving and durability of vehicles. Improper maintenance of vehicles, present condition of roads, irresponsible driving, use of cheap spare parts, etc. are the main reasons for sending vehicles for repair and maintenance. The service station is the most essential unit for vehicle users. This unit can be set up to meet local needs in urban, semi-urban, and rural areas. Candidates having a good experience or qualified person can start this unit with less investment.
MARKET PROSPECTS IN INDIA
Everyone is facing an acute shortage of time, they need a workshop with a pick and drop facility at your doorstep at a convenient time and to help seniors on the road at the time of breakdown. India, a country where pizza can be obtained in just 30 minutes by dialing a call number; But what happens if a 4-wheeler encounters trouble on the road? We aim to be troubleshooters. Unfortunately, no one was providing these services.
READ HERE –HOW TO SET UP A SMALL SCALE INDUSTRY
The auto servicing market, currently pegged at Rs. 20,000 crores, expected to be Rs. 33,000–34,000 crores by 2020. The firm provides on-road assistance, pick up and drop off two-wheelers at an extra charge, creating quick responses and unique inventory for our regular customers. These are the USPs of this firm that compares to general service garages. The high growth of four-wheeler automobiles, per capita growth of individuals and adequate public transport systems are the supporting factors for the two-wheeler industry overall. Any vehicle requires special care and service for a while, so the capacity is immense. The firm plans to provide a different customer experience through service garages.
READ HERE –Project Report on Fly Ash Bricks
There is good demand for automobile service centers due to an increase in the number of vehicles day by day. Following the implementation of globalization and privatization, many multi-national companies competed with each other and introduced several models of 4-wheelers and 2-wheelers. Apart from this, the purchasing power of the people is also increasing considerably and it comes under the essential item in cities / urban areas, especially for business persons and salaried persons. Nowadays, even middle-class individuals are maintaining 4-wheelers / 2-wheelers due to cheaper prices and changing consumer habits. Therefore, there is a good demand for the installation of automobile servicing and repair units, especially in some important tribal centers.
It is a service-oriented unit, so pick up various services such as engine overhauling, general repair, gearbox repair, suppressor work, brake wiring, and other spare parts replacement, etc. for 4-wheelers, 3-wheelers, 2-wheelers Go. Cleaning and painting are also done for vehicles.
READ HERE –PVC Pipe Manufacturing
The proposed unit will be set up for servicing, repair, and maintenance works of two and four-wheelers. The demand for such works has increased due to the increased production of light vehicles. The economy of our country has been elevated which has created good markets in various items. Due to the business activity going up and the standard number of light vehicles on the road increasing. These vehicles require repair and maintenance at intervals. Repair and maintenance of cover washing, reduction of spare parts changes, and oiling. Such work has increased as our population increases with two-wheelers.
BISIS & PRESUMPTION FOR Car Repairing Services Near Me
- The cost in respect of plant & machinery, raw materials, and finished products has been taken at the time of preparation of this project report and may vary depending upon various factors.
- This report is detailed only in Techno-Economic–Feasibility aspects.
3. It has been assumed that the unit will achieve its 50% capacity in 1st.yr. 60% in 2nd.yr. and 70 in 3rd.yr.
LOCATION OF THE UNIT FOR Car Repairing Services Near Me
The proposed unit should be set up at such a place which justify being suitable in view of the following basic considerations:
- Availability of raw materials & consumables.
- Availability of Power, Fuel, Water.
- Banking facility.
- Marketing prospectus.
- Good communications.
- Labor facility.
RAW MATERIALS AND CONSUMABLES for Car Repairing Services Near Me
WORK TO BE DONE in Car Repairing Services Near Me
- Servicing of light vehicles.
WORKING HOURS for Car Repairing Services Near Me
- 8 hours per day.
- 25 days per month.
- 300 days per annum.