Project Report For Automobile Repairing
Project report for Automobile Repairing is as follows.
All sorts of motor vehicles, including two-wheelers such as scooters and motorcycles, as well as four-wheelers such as automobiles, buses, LCVs and HCVs, jeeps, and so on, require regular maintenance and repairs to ensure their safety and durability.
The automobile service station is the most common commercial activity in urban and semi-urban areas. It is the most basic requirement shared by all drivers. For a little investment, business owners with experience or qualified personnel can establish such a service station.
Grease, oil, compressed air, power, water, and other consumables and utilities are among the most crucial elements, even though the services are skill-based. However, the device can need vehicle-specific spare parts for repair, which are priced according to current market trends.
Cleaning, washing, and polishing, engine, gear box, suspension, silencer, etc. servicing, break wire replacement, etc. services, and general repairs are all available because it is a service-oriented business. Body work and painting are also done on the autos.
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The main criteria are the unit’s service quality, dependability, and price because this is a service-oriented business. Different vehicle kinds require qualified employees in order to inspire consumer confidence.
The project will be managed successfully by the promoter who has practical expertise in the auto repair industry, a degree or diploma, and training in automotive engineering or diesel engines.
Market Potential Of Automobile Repairing
The market for automotive repair and maintenance services was worth more than USD 685.25 billion in 2021, and it is anticipated to grow at a rate of more than 5% between 2022 and 2028.
Product Cost Breakup
Reveneue Vs Expenses
The Indian automobile industry is one of the world’s largest. The industry generates 7.1% of the country’s Gross Domestic Product (GDP). Due to a growing middle class and a young population, the two-wheeler segment accounts for 80% of the Indian automobile market. Furthermore, the increased interest of firms in investigating rural areas boosted the sector’s expansion.
The whole Passenger Vehicle (PV) sector accounts for 14% of the market. In FY17, the production of passenger vehicles, commercial vehicles, three-wheelers, and two-wheelers increased by 5.41 percent to 25,316,044 vehicles, up from 24,016,599 in FY16.
Automobile service centres are in high demand due to the significant increase in the number of automobiles in recent years. Several new auto models are released by various market competitors. The four-wheeler companies also offer franchises for well-known service stations, which ensures consistent business volumes.
Owners of automobiles in a certain place will be in high demand in cities/urban areas, particularly among business and salaried individuals, due to the crucial nature of care and repair.
All owners now own four-wheel cars due to the low cost and relevance of personal mobility modes for clients. As a result, there is a significant need for vehicle servicing and repair facilities, particularly in some important semi-urban and rural locations.