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Are you searching for profitable automobile business ideas? Do you want to start a business in the automotive industry? Here in this post, we have compiled 20 legitimate automobile business ideas for your ready reference. These businesses can be initiated in metro cities and as well as in Tier 1 and Tier 2 cities.
The automobile is one of the fastest growing indusindustriesndia. According to the Society of Indian Automotive Manufacturers (SIAM), Indian automotive sector today is a $74 billion industry and by 2026, the industry is expected to achieve a turnover of $300 billion. This is an expected growth rate of 15%. Large players are showing more interest in investing in the industry.
The Indian automobile industry has a reputation globally being the second largest two-wheeler market in the world, fourth largest commercial vehicle market in the world, and eleventh largest passenger car market in the world. Some of the large companies in India are Maruti Udyog, General Motors, Ford India Limited, Eicher Motors, Bajaj Auto, Daewoo Motors India, Hero Motors, Hindustan Motors, Hyundai Motors India Limited, Telco etc.
Apart from the manufacturing of vehicles and auto components, there is a huge automobile aftermarket for small entrepreneurs in India. The opportunities include car care, servicing & maintenance, vehicle & auto-component dealership etc. Read on to get 20 most profitable automobile business ideas in India with franchise opportunities.
List Of 20 Most Profitable Automobile Business Ideas
#1. Agro-farming Automotive Dealership
Improved technology better farm equipment is in high demand. Small towns and villages are great markets for this type of products.
#2. Authorized Service Station
The authorized service station is a very good business for small entrepreneurs. Authorized service stations carry out servicing, repairing, reconditioning or restoration of any motor car, light motor vehicles or two-wheeled motor vehicles manufactured by such manufacturer.
#3. Auto-Accessories Store
This is another lucrative retail opportunity for entrepreneurs in the automobile industry. The margin is moderate to high. Franchise opportunities are available.
#4. Battery Store
Authorized battery store is a profitable business for new entrepreneurs. The required startup capital is small compared to other business in this industry. The advantages of authorized store are getting initial training, co-branding, etc.
#5. Car Dealership
This is one of the most profitable automobile business ideas for urban areas. The business is all about big investment and big profit. It also gives you a national level reputation in the industry.
#6. Car Filming Center
This is a new concept. The technology is bit innovative. This is a special film that protects car body from scratch. Franchise opportunity is available
#7. Car Review Service-Providing
This is a very lucrative digital service based business in the automobile industry. People are always looking for the review and comparison chart before taking a decision of purchasing a car. You can also check the franchise opportunity of this business.
#8. Car Washing Center
Car washing center is an evergreen business. You can start this business with small startup capital investment. It is advisable to start with a franchise setup. It is beneficial in the operating and advertising aspect. Find here Top 9 Car Wash Franchise Business In India.
#9. Car & Accessories Polishing
Car body polishing, wheel polishing, mud guard polishing, ceiling polishing are the major service area in this business. The business is perfect for urban areas. The franchise is available for this business.
#10. Driving School
This is also an evergreen business in the automobile industry. The business is all about inspiring self-driving. You can start your own. Or you can purchase a franchise opportunity of this business.
#11. Fuel Saver Selling
Fuel saver is a new concept. The business is profitable for small entrepreneurs. This is a wonderful product to sell with other automobile businesses.
#12. Mobile Car Detailing
You must start this business with a franchise. The business is highly profitable. As this is especially for mobile operation, the operating cost is too low.
#13. Mobile Car Wash
The business is all about providing car wash at customer’s place. It may be at his or her home or office or parking space. The business is highly profitable in metro city areas. You can start this business by owning a franchise of a reputed company.
#14. Puncture Store
Location plays a vital role in this business. Otherwise, you can start this business with small capital investment. Franchise opportunity is available.
#15. Spare Parts Dealership
This is one of the most profitable automobile business ideas in the retail store segment. The margin is very inspiring for the spare parts dealers. This business demands moderate capital investment.
#16. Tractor Selling
This is one of the most profitable automobile business ideas for small towns and rural areas. People buy tractor not only for self-use but also as a good renting opportunity. Tractors are used in agriculture and as well as goods vehicles.
#17. Two Wheeler Dealership
This is a very profitable and self-rewarding business for small entrepreneurs. Having goods retail location is crucial to get a dealership of a reputed company.
#18. Tyre Store
You can start this business with moderate capital investment. And this only possible by owning a franchise of a reputed tyre company. Otherwise, you can start the business with a stock option of different tyres of multiple companies.
#19. Used Car Dealership
This is one of the best automobile business ideas for passionate entrepreneurs. The success rate is high in urban areas. It is advisable to start the business by owning a franchise of a reputed company.
#20. Wheel Care Center
Wheel care center attracts a very niche audience. You must have a good location. Other capital investments are in equipment purchase mainly. Franchise opportunity is available for this business.
The automobile industry is hugely profitable with diversified fields. you can start any business just from tomorrow according to your location and investment capacity. This list of 20 profitable automobile business ideas will definitely help you in taking a decision in starting a venture in the industry.