The rise in demand, increased disposable income, increasing middle-income group bracket contribute towards the progress of the automobile industry. Every year, millions of people get employment opportunities from automobiles manufacturing and allied services.
Services range from low capital investment business to giant behemoth capital investment business. The automobile industry is the most dynamic and fast upward-moving segment in the manufacturing sector.
The automobile industry is involved in the production of Two-wheelers, Three Wheelers, Four-wheelers, utility vehicles, multipurpose vehicles, passenger vehicles, and commercial vehicles. The automotive industry contributed 7.1% to India’s GDP.
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Let’s just look at the actual numbers.
In the financial year 2016-2017, the total production was 25,330,967 while in the financial year 2017-2018, the industry registered the total production of 29,075, 605 with Approximately about 14.78% of clear growth rate.
The total production of Two Wheelers was 23147057 and total sales were 20192672.
The total production of Three Wheelers was 1021911 and total sales were 635698.
The total production of commercial vehicles was 894551 and total sales were 856453.
The total production of passenger vehicles was 4010373 and total sales were 3287965.
In 2018, the sale of Two Wheeler’s grew at 14.80%, Three Wheeler rise by 24.19%, commercial vehicle by 19.94%, passenger vehicles by 7.89%.
The total exports in 2018 were 40,40,172 as compared to 34,79,169 in 2017. The export of automobile collectively grew by 16.12%.
It would be foolish of you, not to take advantage of it, when you have huge big business opportunities right in front of you. I am growing to present some promising automobile business ideas as you read along.
Here is the list of Top 11 Highly Profitable Automobile Business Ideas
1. Cab Service
Just like the economy, the middle class is the backbone of this car business idea. Largely, high growth in cab services has occurred because of the increasing middle-class consumption of these services and this increased consumption is attributed to the increased disposable income of the middle-class individual.
This consumption is likely to have explosive growth in the near future. If you want to make a successful business this automotive business idea serves as the easiest business to start today.
To begin with, you just need a car and if taken up seriously, you can gradually expand.
2. Car Tuning
The trends have changed. Technology has made it possible to customize your car, the way you want. Business is all about making modifications and changing the car appearance. Modifications involve front and rear bumpers, air vents, lightweight wheels, splitters, different colors or patterns, etc. Starting up a car tuning is a lucrative automobile business plan given the enormous scope in the market.
3. Window Tinting Business
Window tinting business is covering the window of vehicles with a thin plastic layer in order to get protection from ultraviolet rays and scorching heat and for solving privacy issues. You need equipment like a scraper, blade, tinted film, squeegees, and snap knife. It is not a complex business, you can easily learn it. These are low investment automotive business ideas.
Read Also: Top 28 Business Ideas with Low Investment
4. Battery Reconditioning Service
Knowledge and experience are important for carrying out these automotive business ideas. The job that you need to do is reconditioning the energy less battery. This business venture can work wonders if you know how to keep rolling.
5. Tire Retail Store
Tire business is making full throttle progress in the automobile business sector. Enormous growth is attributed to the favorable manufacturing sector, demand-driven, and raw material availability. India features among the group of world’s topmost tire market.
The car business ideas have been able to establish its place because they are completely based on research and customer insight. When you take up this business, make sure the availability of different tires in your store and adequate knowledge about the same.
This business venture is financially attractive because of its heightened demand scale in the market.
Related: Top 10 Retail Companies in India
6. Car Wash Business
The car washing business is a lucrative automobile business plan. You can take it up as part-time work. This involves minimal investment such as dusting cloth, sponge, and water only. It is a business which in high demand in urban cities.
7. Driving School
Every year there is an increase in the number of vehicles on the road, this implies that every year there is a new bunch of fresh drivers on the road; this increased growth has led to the mushrooming of driving schools.
Car business ideas like these can be taken up as part-time work. You should have a car to start with and need to do marketing of your driving school to attract customers.
The food truck is a new profitable automobile business idea that is fast-growing in urban cities. You can sell ready to eat snacks, ice creams, and beverages.
Mobile truck services let you reach a wider crowd. You can also provide your services where a huge crowd comes together like near schools, college fests, market place, etc.
9. Auto Repair Business
Given the increased usage of vehicles, this automobile business has flourished in leaps and bounds. This is an evergreen business. This will only cease to exist only when the world seizes to exist. Just like for humans, a doctor is a necessity similarly for cars, scooters, autos, buses, and the truck garage is a necessity. Every day they undergo some damages or the other that needs to be treated.
10. Towing Service
Towing services facilitate the transportation of damaged, abandon, rule breaker vehicles from one to another. An accident or damage can happen anywhere, it is this vehicle towing service that comes to their rescue. You can think of this automobile business plan.
11. Trucking Business
Though this automobile business requires a sound capital investment it is highly promising in the long run. The trucking business is the facilitator in the efficient and smooth functioning of the economy.
Be its agricultural sector, construction business, retail business, health sector, transportation sector, livestock business. The goods are transported from one place to another in large quantities, that’s why trucking business is important for the economy and at the same time profitable.