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Automobile Industry and Auto Components, Automotive components, Spare parts, Auto Parts, Car Parts, Replacement Parts, Tractor Parts, Motorcycle Parts, Auto Body Parts, Two Wheeler, Three Wheeler and Four Wheeler Parts, Accessories & Spares Projects

The automobile industry is one of the key drivers that boosts the economic growth of the country. The Indian automotive industry includes two-wheeler, trucks, cars, buses, three wheeler and four wheeler which play a crucial role in growth of the Indian economy. The country is expected to top the world in Car volumes with approx. 611 Million vehicles on the nation’s road by 2050. The economy progress of this industry is indicated by the amount of goods and services produced which give the capacity for transportation and boost the sale of vehicles. There is huge increase in automobile production with a catalyst effect by indirectly increasing the demand for a number of materials like Steel, Rubber, Plastics, Glass, Paint, Electronic and Services.

The Indian auto industry is one of the largest in the world. India’s automotive industry is one of the most competitive in the world. It does not cover 100 per cent of technology or components required to make a car but it is giving a good 97 per cent. The Indian automotive sector has the potential to generate up to US$ 300 billion in annual revenue by 2026, create 65 million additional jobs and contribute over 12 per cent to India’s Gross Domestic Product.

There are a wide range of jobs available in the automobile industry. With the number of vehicles available on the road today, the need and requirement for people who can fix these machines is fast increasing. Careers like automobile technician, car or bike mechanics are a great option. Becoming a diesel mechanic is also a significant alternative.

The Two Wheelers segment, with 81 per cent market share, is the leader of the Indian Automobile market, owing to a growing middle class and a young population. Moreover, the growing interest of companies in exploring the rural markets further aided the growth of the sector. The overall Passenger Vehicle (PV) segment has 13 per cent market share.

India is also a prominent auto exporter and has strong export growth expectations for the near future.

Growth Drivers:

·         Passenger vehicle production to grow to 9.4 million units annually by 2026

·         Commercial vehicles production to grow to 2.0 million units annually by 2026

·         Two wheelers production to grow to 50.6 million units annually by 2026

·         Three wheelers production to increase to 0.95 million units by 2026

·         The availability of a variety of vehicle models meet diverse needs and preferences.

·         Favourable government policies like lower excise duties, automotive mission plans, the constitution of NATRiP, National Mission for Electric Mobility 2020, FAME - Faster Adaption and Manufacturing of Hybrid land Electric Vehicle etc.


The Indian auto-components industry has experienced healthy growth over the last few years. This industry remains one the fastest growing segments in India’s manufacturing sector. As far as investments are concerned, the Government of India continues to encourage foreign investments in the sector. Some policy initiatives include automatic approval for foreign equity investment up to 100% for manufacture of automobiles and components, delicensing the industry and allowing free imports of auto components.

As indicated earlier, the auto component suppliers are emerging as systems suppliers with capacity to design and develop critical parts. The Indian automobile components industry has, no doubt, significant cost advantages, primarily due to lower labour cost (about one-fifteenth of Japanese cost). The large labour cost advantage translates into an overall cost advantage of 20-30% over the Japanese producers, despite lower labour productivity.

The improved quality of vehicles and extended warranties offered by the vehicle manufacturers has helped the existence of a huge secondary market in India. The Indian auto-components industry can be broadly classified into the organised and unorganised sectors. The organised sector caters to the Original Equipment Manufacturers (OEMs) and consists of high-value precision instruments while the unorganised sector comprises low-valued products and caters mostly to the aftermarket category.

Automobile & Auto Components Policy 2015-20 aims to generate new employment opportunities for at least 2 lakh people and attract new investments of at least Rs. 20,000 crore in this sector by 2020.

 

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The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decisions.

 

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Our research reports broadly cover Indian markets, present analysis, outlook and forecast for a period of five years.

The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players

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Automobile Paints for Car

Automotive paint is paint used on automobiles for both protection and decoration purposes. Water-based acrylic polyurethane enamel paint is currently the most widely used paint for reasons including reducing paint's environmental impact. Modern automobile paint is applied in several layers, with a total thickness of around 100 µm (0.1mm). Automotive paint, one of the most vital parts of automobile, is applied on automobiles to preserve them from corrosion and oxidation. They are used extensively for painting exterior and interior of automobiles and serve a dual purpose of decoration as well as protection. The different products that fall under automotive paints are electro coats, powder coats, basecoat and clear coat. Availability of various choices of color is boosting the automotive paints market. The global automotive paint market is projected to witness an above-average growth over the next couple of years. Demand for automotive paints is growing due to constant improvements in their property and functionality. Today, automotive paints are not only used for beautification of the vehicles but also to enhance surface durability. Automotive paint market is segmented on the basis of vehicle type, coat type, texture type, technology and geography. The vehicle type segment comprises of light commercial vehicles, heavy commercial vehicles and passenger cars. On the basis of coat types, the market is further classified as base coat, clear coat, primer coat and electro coat.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Hybrid Electric Scooter Assembling Business

Hybrid Electric Scooter Assembling Business. Electric Vehicles (EVs) Industry. Business Opportunities in Electric Two-Wheelers Manufacturing Industry Hybrid electric vehicles (HEVs) combine the benefits of gasoline engines and electric motors and can be configured to meet different objectives such as improved fuel economy, increased power, or additional auxiliary power for electronic devices and power tools. This type of vehicle is considered to have better performance and fuel economy compared to a conventional one. The advantages of HEVs include: • Oil consumption is less than that of conventional vehicles. • Carbon-based emission is lower, which makes HEVs more eco-friendly. This also helps conserve non-renewable resources like petroleum products. • Maintenance costs are lower than those of conventional vehicles. • With the electric motor taking charge of the engine during long travels, more mileage can be achieved with HEVs compared to other types of vehicles. Electric scooters are two or three-wheeled vehicles powered by electricity. This power is stored in a rechargeable battery, which drives the functioning of electric motors. Market Outlook The global electric scooter and motorcycle market size was $12,961.8 million in 2016, and is expected to reach $22,192.0 million by 2025, growing at a CAGR of 6.9% during 2017-2025. The market is predominantly driven by tax concession on eco-friendly vehicles, growing concern for increasing carbon emissions, low maintenance cost of electric two-wheelers, and favorable regulatory environment. Electric scooters and motorcycles are emerging as the need of hour, as commuters are in demand for solutions that provide innovative travelling experience with long distance coverage backup. The electric scooters and motorcycles have been categorized into 48V, 24V, 36v and are available in even more voltages like 60V and 72V. The speed of the scooter and motorcycle range from 30 km/hr to 70 km/hr. All electric scooters and motorcycles are provided recharging by plugging into ordinary wall outlets, usually taking about eight hours to charge. On the basis of product, the electric scooter market has been categorized into scooter and motorcycle. In terms of value, electric scooter held larger market share, accounting for more than 95% share in 2017 and is poised to continue dominating the market in the coming years as well. Geographically, Asia-Pacific accounted for more than 90% of the global electric scooter and motorcycle shipments in 2016. The highest growth in shipment is expected in Europe, during the forecast period; however, the market in North America is also expected to grow at nearly the same rate. The growth of the electric scooters and motorcycles market in Asia-Pacific is due to rapid urbanization and increase in household incomes, which is attracting the consumers to replace their fuel-driven two-wheelers with the electric variant. China, India, Indonesia, Japan and S. Korea are the major electric two-wheeler markets in Asia-Pacific; other major markets in the region include Australia, and Vietnam. The global electric scooter and motorcycle market is highly fragmented, where top five players accounted for less than 35% revenue. All of the five major players -Yadea Technology Group Co. Ltd., Zhejiang Luyuan Electric Vehicle Co. Ltd., Aima Technology Co. Ltd., Sunra Group, and Dongguan Tailing Electric Vehicle Co. Ltd., are based in China. The other players having good regional presence include Govecs Group, Amper Vehicles, Vmoto Limited, Hero Electric, Energica Motor Company S.p.A., BMW, and Mahindra GeneZe. New product launches and joint ventures have been the key strategies of these major players to expand their presence in this market. India Electric Scooters and Motorcycles Market Overview The Indian electric scooters and motorcycles market is projected to reach 757,900 units by 2025, registering a CAGR of 42.9% during the forecast period. The market has witnessed significant growth in the recent past owing to strict norms and regulations pertaining to environmental, government incentives, and rising environmental awareness. Based on battery type, the electric scooters and motorcycles market has been categorized into sealed lead acid (SLA) and lithium-ion (Li-ion). Among these, the SLA battery has been accounting for higher volume sales. However, the Li-ion category is poised to grow at a faster rate during the forecast period, owing to its declining prices, and lower environmental risk and longer life span as compared to the SLA category. Government incentive schemes, growing distributor & dealership network, rising online sales, and increasing affordability of electric two wheelers being provided by leading automobile manufacturers are some of the other key factors that would boost demand for electric two wheelers in India. Moreover, growing research & development activities are likely to result in a wide product portfolio for electric two wheelers, thereby positively influencing the country’s electric two wheeler market during the forecast period. Some of the major companies operating in India electric two wheeler market are Hero Electric Vehicles Pvt. Ltd., Okinawa Autotech Pvt. Ltd., Electrotherm (India) Ltd., Lohia Auto Industries, Avon Cycles Ltd., Ampere Vehicles Pvt Ltd, Tunwal E-Bike India PVT. LTD, NDS Eco Motors Private Limited, Ather Energy Pvt. Ltd., Tork Motors Private Limited, etc. All these companies are well assisted by their key development teams and are strengthening their dealership network to boost their customer reach. Tags #Hybrid_Electric_Scooter_Assembling, #Hybrid_Electric_Scooter, #Electric_Scooter_Project_Report_Pdf, #Hybrid_Two_Wheeler_PPT, #Hybrid_Electric_Vehicle_(HEV), Two Wheeler Hybrid Vehicle, Hybrid & Electric Scooter, Hybrid Vehicle (Scooter), Electric Scooter Assembly, Electric Scooters in India, #Production_of_Hybrid_Scooter, #How_to_Start_an_Electric_Scooter_Business_in_India? Starting an Electric Scooter Industry, Electric Scooter in India, Electric Scooter Body Manufacture in India, #Production_of_Electric_Vehicles_(Evs), How to Make an Electric Scooter, Starting an Electric Scooter Business, Electric Scooters Industry, Project Report on Hybrid Electric Scooter Assembling Industry, Detailed Project Report on Hybrid Electric Scooter Assembling, #Project_Report_on_Hybrid_Electric_Scooter_Assembling, Pre-Investment Feasibility Study on Hybrid Electric Scooter Assembling, Techno-Economic feasibility study on Hybrid Electric Scooter Assembling, Feasibility report on Hybrid Electric Scooter Assembling, Free Project Profile on Hybrid Electric Scooter Assembling, Project profile on Hybrid Electric Scooter Assembling, Download free project profile on Hybrid Electric Scooter Assembling, Electric Two Wheelers Business Opportunity in India, Electric Scooter Business, Electric Vehicle Industry in India, Hybrid & Electric Vehicle Manufacturing Industry, Manufacturing of Electric Vehicles, Hybrid Electric Vehicles and Electric Vehicles, #Hybrid_Electric_Vehicles_Production, Electric Vehicles (E-Vehicles) Business Opportunity
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Return: 1.00%Break even: N/A
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Hybrid Electric Scooter Assembling

A plug-in hybrid electric vehicle (PHEV) is an HEV that can be plugged-in or recharged from wall electricity. PHEVs are distinguished by much larger battery packs when compared to other HEVs. The size of the battery defines the vehicle’s All Electric Range (AER), which is generally in the range of 30 to 50 miles. PHEVs can be of any hybrid configuration. PHEVs start in ‘all electric’ mode, runs on electricity and when the batteries are low in charge. India electric scooters and motorcycles market size valued at $24.6 million in 2016, it is expected to grow at a CAGR of 45.4% during 2017- 2025. Some 4,50,000 electric two-wheelers were sold in India in the past eight years. The potential of electric vehicles in this segment is massive, say industry executives, given that more than 17 million two-wheelers are sold annually in the country. This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under • Bajaj Auto Ltd. • Honda Motorcycle & Scooter India (Pvt.) Ltd. • India Yamaha Motor Pvt. Ltd. • Kabirdass Motor Co. Ltd. • Mahindra Two Wheelers Ltd. • Piaggio Vehicles Pvt. Ltd. • Scooters India Ltd.
Plant capacity: 50 Nos./dayPlant & machinery: 95 lakhs
Working capital: -T.C.I: Cost of Project: Rs 279 lakhs
Return: 34.00%Break even: 74.00%
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Auto Bulb, Lamp

Light bulbs for automobiles are made in several standardized series. Bulbs used for headlamps, turn signals and brake lamps may be required to comply with international and national regulations governing the types of lamps used. Other automotive lighting applications such as auxiliary lamps or interior lighting may not be regulated, but common types are used by many automotive manufacturers. India automotive lighting market is projected to grow at a CAGR of over 12% by 2023, on the back of improvement in vehicle safety standards, advanced features in vehicle lighting systems, and government regulations towards vehicle lighting systems. Moreover, increasing automobile production, as well as vehicle fleet is further contributing to the growth of India automotive lighting market. An incandescent light bulb, incandescent lamp or incandescent light globe is an electric light with a wire filament heated to such a high temperature that it glows with visible light (incandescence). The filament is protected from oxidation with a glass or fused quartz bulb that is filled with inert gas or a vacuum. In a halogen lamp, filament evaporation is slowed by a chemical process that redeposits metal vapor onto the filament, thereby extending its life. The global lamps market is expected to expand at a modest CAGR from 2015 to 2023. It is estimated that lighting consumes a significant portion of energy production. The growing demand from rural areas on account of initiatives taken by governments across regions is expected to boost the global lamps market. Rural areas in developing nations of India, the Middle East and Latin America are witnessing a surge in the demand for lamps. The demand for lamps exists not only from residential sectors, but also from commercial and industrial sectors, which will ensure a steady growth of the market.
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Return: 1.00%Break even: N/A
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Commercial Vehicles Dealership -Sale of Commercial Vehicles -Spares -Servicing

Commercial vehicles are always under heavy duty operating conditions and therefore require more frequent servicing and repair needs of major and minor viz axle repair, leaf springs, bushings and engine repairs etc. All types of motor commercial vehicles like 4 wheeler buses, LCVs and HCVs, jeeps, and off shore heavy duty vehicles require regular normal service and repairs for safety and durability of these vehicles. India’s commercial vehicles of around 29 million during 2015 are expected to grow to more than 48 million vehicles by 2020. Also, domestic sales of commercial vehicles are expected to grow at a CAGR of 11.6% from 0.6 million in 2015 to more than 2 million by 2026.Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Ashok Leyland Ltd. • Tata Motors Ltd. • Ashok Leyland Vehicles Ltd. • Asia Motor Works Ltd. • Mahindra Nissan Allwyn Ltd. • Man Trucks India Pvt. Ltd.
Plant capacity: Heavy Commerical Vehicles (HCVs): 480 Nos./Annum Commerical Vehicles (CVs): 1440 Nos./Annum Small Commerical Vehicles (SCVs): 1200 Nos./Annum Servicing of Heavy Commerical Vehicles (HCVs):60 Nos./Annum Servicing of Commerical Vehicles (CVs)Plant & machinery: Rs 350 lakhs
Working capital: -T.C.I: Cost of Project: Rs 1956 lakhs
Return: 28.00%Break even: 43.00%
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Opportunities in Commercial Vehicles Dealership

Opportunities in Commercial Vehicles Dealership (Sale of Commercial Vehicles, Spares and Servicing) Commercial vehicle is a kind of motor vehicle that is used for commercial purpose, not for private propose. A commercial vehicle carried goods and paying passenger for individual or business profit. Some of the commercial vehicles are buses, box trucks, pickup trucks, semi-trucks, vans, coaches, trailers, travel trailers and taxicabs. A commercial vehicle is any type of motor vehicle used for transporting goods or paid passengers or "commercial motor vehicle" as any motorized road vehicle, that by its type of construction and equipment is designed for, and capable of transporting. This means the tanks permanently fixed by the manufacturer to all motor vehicles of the same type as the vehicle in question and whose permanent fitting lets fuel be used directly, both for propulsion and, where appropriate, to power a refrigeration system. As commercial vehicles may be fleet vehicles, company cars, or other vehicles used for business. Vehicles that are designed to carry more than 15 passengers are considered a commercial vehicle. A vehicle may be considered a commercial vehicle if it: • Belongs to a company or corporation • Is used for business, but is in an individual's name, such as a sole proprietor. • Is a leased vehicle and in the name of the financial institution that owns it. • Exceeds a certain weight or class. • Is used to haul any hazardous material. Market Outlook India is the fourth-largest commercial vehicle market in the world, and it is also the fifth-largest manufacturer of commercial vehicles. Commercial vehicles can be categorized into Light Commercial Vehicles (LCVs), Medium Commercial Vehicles (MCVs) and Heavy Commercial Vehicles (HCVs) according to the maximum load they can carry. LCVs gross vehicle weight limit is 7.5 tonne, whereas MCVs’ is 25 tonne and HCVs’ is 49 tonne. India commercial vehicle market is projected to exhibit a CAGR of over 10% to reach $ 21.9 billion by FY2023, on account of increasing infrastructure development projects, growing logistics sector, ease of financing, etc. Moreover, commercial vehicles market is anticipated to become more lucrative, as new models and brands are rolled out in the coming years. Light Commercial Vehicles Indian automobile industry witnessed a growth of 32.86% in light commercial vehicles segment. Indian light commercial vehicles (LCVs) include a range of vehicles, such as cargo, tempo, mini trucks, buses, etc. The total market of light commercial vehicles was estimated at Rs. 98 bn in 2007-08 which was an increase of 8% over that of preceding year. India light commercial vehicles market is projected to surpass $ 6.8 billion by 2023. Anticipated growth in the market can be attributed to increasing number of infrastructure development projects, easy availability of vehicle financing schemes, and growing e-commerce and logistics sector. Moreover, implementation of BS IV standards, increasing demand for CNG and electric vehicles, launch of new models and foray of new brands in the Indian market are expected to positively influence the country’s light commercial vehicles market in the coming years. Some of the major players operating in India commercial vehicle market are Tata Motors Limited, Ashok Leyland Limited, VE Commercial Vehicles Limited, and Force Motors Limited. Production in Indian light commercial vehicle (LCV) segment witnessed a growth of more than 20%. At present, there are 7 manufacturers in Indian LCV segment. With increasing demand for load carriers, a few manufacturers are expanding their capacity and some of them are setting up new plants. Some of the manufactures are also in the process of launching new models of LCVs. Major players operating in India light commercial vehicles market are Tata Motors Limited, Ashok Leyland Limited, Mahindra & Mahindra Limited, VE Commercial Vehicles Limited, SML Isuzu Limited, Maruti Suzuki India Limited, Force Motors Limited and Piaggio Vehicles Private Limited. Medium & Heavy Commercial Vehicles Indian automobile industry witnessed a growth of 39.92% in medium & heavy commercial vehicle (MHCV) segment. Indian MHCV segment includes a range of vehicles such as cargo, trucks, buses, trailers, etc. Global Commercial Vehicles Market The global commercial vehicles market size was valued at USD 1.32 trillion in 2017 and is estimated to expand at a CAGR of 7.1% from 2018 to 2025. Although the market has been witnessing stagnant growth over the last few years, it is anticipated to recover with improved sales performance, particularly in emerging economies. Digitization along with increasing infrastructural spending is expected to elevate demand for commercial vehicles over the forecast period. In addition, increasing penetration of electric commercial vehicles is also anticipated to contribute toward market expansion over the coming years. Adoption of electric vehicles (EVs) is primarily driven by need to meet emission reduction standards and regulations enforced by government bodies worldwide. Commercial vehicle telematics is another trend that is gaining traction and is anticipated to have a positive impact on the market over the forecast period. The United States represents the largest and the fastest growing market worldwide with a CAGR of 5.9% over the analysis period. Asia-Pacific ranks as a production hub for commercial vehicles led by shifting of the automobile production base to low cost Asian countries. Rapid industrialization, development of road infrastructure, and steady rise in logistics, distribution and public transportation will drive growth in the region. The region is also expected to witness strong demand for buses encouraged by rapid urbanization and increasing need for safe and efficient public transportation in populous countries such as China and India. The global commercial vehicles manufacturing market is further segmented based on type and geography. By Type - The commercial vehicles manufacturing market is segmented into light commercial vehicle, heavy trucks, buses, coaches among these segments, the light commercial vehicle market accounts for the largest share in the global Commercial vehicles manufacturing market. By Geography - The global commercial vehicles manufacturing is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the global commercial vehicle market. With increase in growing demand of goods transportation and increase in economy the scope and potential for the global commercial vehicles manufacturing market is expected to significantly rise in the forecast period. Major players in the global Commercial vehicles manufacturing market include Daimler AG, Volvo Group, Man Truck & Bus, Hino Motors, Scania. Tags #Commercial_Vehicles, #Commercial_Vehicle_Dealership, #Heavy_Commercial_Vehicles_(HCVs), Commercial Vehicles (CVs), Small Commercial Vehicles (SCVs), #Servicing_of_Heavy_Commercial_Vehicles_(HCVs), Servicing of Commercial Vehicles (CVs), Servicing of Small Commercial Vehicles (SCVs), Large goods vehicle, Medium & Heavy Commercial Vehicles, #Industrial_Vehicle, Heavy Commercial Vehicles of India, Heavy Vehicle Industry in India, commercial vehicles in India, #Heavy_&_Light_Commercial_Vehicles, Commercial vehicles sales in India, Commercial Heavy Vehicle Repair and Maintenance Services, Heavy Commercial Vehicle Sales, #Commercial_Vehicle_Servicing, Commercial Vehicle Maintenance, #Detailed_Project_Report_on_Commercial_Vehicle_Dealership, Pre-Investment Feasibility Study on Commercial Vehicle Dealership, Techno-Economic feasibility study on Commercial Vehicle Dealership, Feasibility report on Commercial Vehicle Dealership, Free Project Profile on Commercial Vehicle Dealership, Project profile on Commercial Vehicle Dealership, Download free project profile on Commercial Vehicle Dealership, #Medium_and_Heavy_Commercial_Vehicles Industry, #Indian_Commercial_Vehicle_Industry, Project on Medium and Heavy Commercial Vehicles Industry, Heavy Vehicle Industry in India, Medium & Heavy Commercial Vehicles (MHCVs)
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Return: 1.00%Break even: N/A
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Lead Acid Battery (Maintenance Free)

Lead acid batteries are the most common large-capacity rechargeable batteries. They are very popular because they are dependable and inexpensive on a cost-per-watt base. Maintenance Free- Sealed Lead Acid (MF-SLA) batteries are available in a few different formats. Their principal manufacturing process, including number of plates and plate thickness determines its designated end user application. SLA batteries tend not to sulphate or degrade as easily as wet cells and are regarded the safest lead acid battery to use. India lead acid battery market is projected to reach $ 7.6 billion by 2023. Anticipated growth in the market can be attributed to booming demand for automobiles, in addition to increasing focus of the government towards boosting the penetration of electric vehicles in the country. India Lead Acid Battery Market is projected to grow at a CAGR of over 9% during 2018-24. As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under • Amara Raja Batteries Ltd. • Eastman Auto & Power Ltd. • Exide Industries Ltd. • H B L Power Systems Ltd. • Hitachi Hi-Rel Power Electronics Pvt. Ltd. • Johnson Controls (India) Pvt. Ltd.
Plant capacity: 500 Nos./DayPlant & machinery: Rs 233 lakhs
Working capital: -T.C.I: Cost of Project: Rs 590 lakhs
Return: 29.00%Break even: 60.00%
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Lithium Ion Battery (Battery Assembly)

Lithium batteries are now powering a wide range of electrical and electronical devices, including laptop computers, mobile phones, power tools, telecommunication systems and new generations of electric cars and vehicles. Lithium-ion (Li-ion) batteries, also known as secondary batteries, are rechargeable batteries in which lithium ions move from the negative electrode, usually made of carbon, to the positive electrode made of a metal oxide (nickel, manganese and cobalt) during discharge, and back when charging. The electrolyte is typically a mixture of organic solvents, such as ethylene carbonate, dimethyl carbonate or diethyl carbonate, containing complexes of lithium ions, such as lithium hexafluorophosphate (LiPF6), The India lithium-ion battery market is expected to grow at a robust CAGR of 29.26% during the forecast period, 2018-2023. The Indian automobile sector is one of the most prominent sectors of the country, accounting for nearly 7.1% of the national GDP. The industry produced a total of 25.31 million vehicles, including commercial, passenger, two, and three vehicles and commercial quadricycle in April-March 2017, as against 24.01 million in April-March 2016. However, India has set itself an ambitious target of having only electric vehicles (EV) by 2030, which is expected to increase the demand for lithium-ion batteries in India, significantly.
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Return: 1.00%Break even: N/A
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Li-ion Battery Production Business

Li-ion Battery Production Business. Lithium Ion Battery (LIB) Assembling Industry Global Lithium Ion Battery market was valued at $30,186.8 million in 2017, and is projected to reach $100,433.7 million by 2025. Lithium-ion batteries (LIB) are a family of rechargeable batteries having high energy density and commonly used in consumer electronics. Unlike the disposable lithium primary battery, a LIB uses intercalated lithium compound instead of metallic lithium as its electrode. Usually, LIBs are significantly lighter than other kinds of rechargeable batteries of similar size. LIBs are heavily used in portable electronics. These batteries can be commonly found in PDAs, iPods, cell phones, laptops, etc. This term is also known as a LI-ion. A lithium ion battery is an electric device capable of charging and discharging. They are broadly used as a power supply consumer electronics as well as hybrid and electric vehicle. The four materials are used in lithium ion batteries are cathode material, anode material, separators, and an electrolytic solution. Lithium ion batteries markets grow at fastest rate due to its adoption in numerous consumer electronics such as smartphones, tablets, digital cameras and MP3 players, among others. Applications of Lithium-Ion Batteries Some of the most common applications of Lithium-Ion Batteries are: • Power backups/UPS • Mobile, Laptops, and other commonly used consumer electronic goods • Electric mobility • Energy Storage Systems As there are varied uses of a Lithium Ion Battery, it comes in different types of packaging. However, there are some general advantages of using a Li-ion battery over other traditional batteries Lithium Ion Battery Advantages There are many advantages to using a li-ion cell of battery. These li-ion battery advantages include: • High Energy Density: The high energy density is one of the chief advantages of lithium ion battery technology. With electronic equipment such as mobile phones needing to operate longer between charges while still consuming more power, there is always a need to batteries with a much higher energy density. In addition to this, there are many power applications from power tools to electric vehicles. The much higher power density offered by lithium ion batteries is a distinct advantage. Electric vehicles also need a battery technology that has a high energy density. • LIBs hold a charge well. They usually lose approximately 5% of their charge each month, against a 20% monthly loss for NiMH batteries. • LIBs do not require complete discharge prior to recharging. • LIBs are able to handle more charge/discharge cycles. Self-Discharge: One issue with many rechargeable batteries is the self-discharge rate. Lithium ion cells is that their rate of self-discharge is much lower than that of other rechargeable cells such as Ni-Cad and NiMH forms. It is typically around 5% in the first 4 hours after being charged but then falls to around 1 or 2% per month. Variety of types available: There are several types of lithium ion cell available. This advantage of lithium ion batteries can mean that the right technology can be used for the particular application needed. Some forms of lithium ion battery provide a high current density and are ideal for consumer mobile electronic equipment. Others are able to provide much higher current levels and are ideal for power tools and electric vehicles. Low Maintenance: One major lithium ion battery advantage is that they do not require and maintenance to ensure their performance. Ni-Cad cells required a periodic discharge to ensure that they did not exhibit the memory effect. As this does not affect lithium ion cells, this process or other similar maintenance procedures are not required. No Requirement for Priming: Some rechargeable cells need to be primed when they receive their first charge. There is no requirement for this with lithium ion cells and batteries. Market Outlook Global lithium ion battery market was valued at $30,186.8 million in 2017, and is projected to reach $100,433.7 million by 2025, growing at a CAGR of 17.1% from 2018 to 2025. The use of Lithium Ion (Li-ion) batteries have significantly grown with the advent and wide scale adoption of smartphones and growth of Electric Vehicles. Along with this, significant reduction in the cost have also been achieved since the past decade with continuous efforts on the R&D on the production techniques and energy densities. The collective efforts by various major economies to migrate towards electric mobility to reduce the carbon footprint, is set to put a strain on the supply of Lithium metal to cater to the burgeoning demand of the Li-ion batteries. Owing to the expansion of increase in carbon emissions, automobile industry is shifting to from conventional fuel vehicles to electric vehicles. Production and usage of electric vehicles is projected to uplift the demand of energy storage batteries including lithium-ion. In addition, electric cars in the United States mainly operate on renewable or natural gas electricity. The batteries are compatible with renewable energy. Therefore, demand for lithium-ion batteries is expected to increase in economies with developed renewable energy sector. By application, the global lithium-ion market is segmented into automotive, grid energy storage, consumer electronics, and others. The consumer electronics segment accounted for a major market revenue in the year 2018 and is expected to maintain its prominent position over the forecast period. However, automotive segment is anticipated to be the fastest growing segment in the coming years. Fast-paced development of the electric vehicles sector is the key reason behind the growing usage of lithium-ion batteries in the automotive industry. Lithium-ion (Li-ion) batteries are rechargeable batteries with high-energy density and are majorly used in portable equipment. The market for these batteries is expected to witness significant growth owing to increase in use in smartphones, tablets/PCs, digital cameras, and power tools. Moreover, the demand for Li-ion batteries in the automobile industry is expected to increase in line with rise in demand for electric vehicles. These batteries have gained popularity among automobile manufacturers as they offer an alternative to nickel metal batteries used in electric vehicles, due to their small size and light weight. The global lithium ion battery market has been segmented by various end-use industries including electrical & electronics, automotive, and industrial, with others, which include medical, military, and textile industries. The electrical & electronics end-use industry is further segmented into smartphones, tablet/PC, UPS, and others. The automotive end-use segment is further segmented into car, bus, truck, scooter & bike, and train & aircraft. Crane & forklift, mining equipment, and smart grid & renewable energy storage are considered under the industrial end-use segment. The increasing popularity of lithium-ion batteries in energy storing devices, for example, solar grids in industrial and household unit applications is foreseen to give extensive development chances to the market. In any case, the less awareness with respect to the advantages of these batteries and the high expense contrasted with traditional lead acid batteries may hamper the development of this market. In any case, attributable to market saturation in a few regions, the interest for high power capacity batteries for vehicles has picked up the pace. Some of the key players operating in the global lithium ion battery market include Automotive Energy Supply Corporation, Panasonic Corporation, Samsung SDI Co. Ltd., LG Chem Power (LGCPI), LITEC Co., Ltd., A123 Systems, LLC., Toshiba Corporation, Hitachi Chemical Co., Ltd., China BAK Battery Co. Ltd., and GS Yuasa International Ltd. The other players in the market (not included in the report) include Tesla, Johnson Controls International Plc., Saft Batteries, and BYD Company Ltd. India Lithium-ion Batteries Market The India lithium-ion battery market is expected to grow at a robust CAGR of 29.26% during the forecast period, 2018-2023. Lower consumer awareness, inadequate investments by companies, and lack of technological innovations curbed the proliferation of lithium ion technology till the past few years. However, rise in technological developments and increasing need for cleaner energy sources have brought Li-ion batteries on the forefront across various industries as well as end-use sectors. Growing pollution concerns, rising adoption of electric vehicles, increasing income-levels and surging demand for quality and uninterrupted power are some of the key factors catalyzing the growth of Lithium ion batteries market in India. Further, rising usage of smartphones and other consumer electronics products is resulting in an increase in demand for higher energy density and faster charging solutions. Additionally, growing consumer electronics market would drive the India Lithium Ion Batteries market forecast period revenues owing to its light-weight, high energy, and power capacity features. The Indian automobile sector is one of the most prominent sectors of the country, accounting for nearly 7.1% of the national GDP. The industry produced a total of 25.31 million vehicles, including commercial, passenger, two, and three vehicles and commercial quadricycle in April-March 2017, as against 24.01 million in April-March 2016. However, India has set itself an ambitious target of having only electric vehicles (EV) by 2030, which is expected to increase the demand for lithium-ion batteries in India, significantly. Increase in disposable income has led to rise in demand for electronic devices such as smartphones and tablets fueling the growth of lithium-Ion batteries in the India. Moreover, rise in government initiative to reduce pollution level are the major factors driving the Indian lithium-ion battery market. Growth in automotive sector has led to surge in demand for electric vehicles which has also supplemented the growth of lithium-Ion batteries. However, high cost and risk of fire in electronic devices may hinder the market growth in the coming years. Growth in automobile industry and growing trend of electronic devices among youth consumers would increase the demand for lithium-Ion batteries in the near future. The India lithium-ion battery market has been segmented on the basis of material type and industry vertical. By material type, the market is further segmented into cathode, electrolytic solution, anode, and other materials includes (binders, separators, and others). By industry vertical, the market is bifurcated into electronics (UPS, smart phones, laptops/tablets, and others), automotive (car, buses, and trucks, scooters and bikes, train and aircraft), industrial (mining equipment, construction equipment, smart grid), and other industry verticals. Major companies operating in the India lithium-Ion battery market are Samsung SDI Co. Ltd., Panasonic Corporation, Toshiba Corporation, Hitachi Chemical Co., Ltd., and China BAK Battery Co. Ltd., among others. Tags #Lithium_Ion_Battery, #Lithium_Ion_Battery_Assembly, #Li_Ion_Battery_Assembling, #Lithium_Ion_Battery_Assembly_Plant, Lithium Ion Battery Assembly Process, How to Assemble Lithium-Ion Battery, #Lithium_Ion_Battery_(LIB)_Manufacturing_Industry, Lithium-Ion Battery Manufacturing, Manufacturing of Lithium-Ion Batteries, #Lithium_Battery_Manufacturing, #Project_Report_on_Lithium_Ion_Battery_Assembling_Unit, Battery Assembly Plant, Lithium Ion Battery Production, Lithium-Ion Batteries Manufacturing Process, How to Set Up Lithium Ion Battery Plant in India, #Lithium_Ion_Battery_Business, Lithium-Ion Battery Manufacture, #Lithium_Ion_Battery_Manufacture_in_India, Lithium Ion Battery Manufacturing Plant Cost in India, Lithium Ion Battery Manufacturing Plant Project Report, Cost of Setting Up Lithium Ion Battery Manufacturing Plant, Lithium-Ion Battery Production Business, How to Start Lithium Ion Battery Manufacturing Business in India, Li-Ion Battery Assembling Business, Producing Lithium-Ion Batteries, #Detailed_Project_Report_on_Li_Ion_Battery_Assembling, Project Report on Li-Ion Battery Assembling, Pre-Investment Feasibility Study on Lithium-Ion Battery Manufacturing Business, Techno-Economic feasibility study on Lithium-Ion Battery Manufacturing Business, Feasibility report on Lithium-Ion Battery Manufacturing Business, Free Project Profile on Lithium-Ion Battery Manufacturing Business, Project profile on Li-Ion Battery Assembling, Download free project profile on Li-Ion Battery Assembling
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Lead Acid Battery Manufacturing Industry

Lead Acid Battery Manufacturing Industry. Production of Lead Acid Storage Battery India Lead Acid Battery market is projected to reach $ 7.6 billion by 2023. The battery which uses sponge lead and lead peroxide for the conversion of the chemical energy into electrical power, such type of battery is called a lead acid battery. The lead acid battery is most commonly used in the power stations and substations because it has higher cell voltage and lower cost. Lead acid batteries are used as a power source for vehicles that demand a constant and uninterruptible source of energy. Just about every vehicle today does. For example, street motorcycles need lights that operate when the engine isn’t running. They get it from the battery. Accessories such as clocks and alarms are battery-driven. Applications • Automotive and traction applications. • Standby/Back-up/Emergency power for electrical installations. • Submarines • UPS (Uninterruptible Power Supplies) • Lighting • High current drain applications. • Sealed battery types available for use in portable equipment. Market Outlook The global lead–acid battery market was valued at $56.9 billion in 2017 and is projected to reach $70.7 billion by 2023, witnessing a CAGR of 3.7% during the forecast period. The growing demand of electric vehicles, increasing use of uninterrupted power supply (UPS) systems in industrial sectors, and rapid industrialization in developing nations are likely to generate growth opportunities and propel the market demand during the forecast period. Some of the key factors identified as drivers of the global lead acid battery market are: increasing demand for e-bikes and electric vehicles, lower maintenance and replacement costs, and reducing reliance on conventional fuel technologies. On the other hand, stringent lead emission standards and shift towards lithium-ion batteries are two glaring restraints hindering the prosperity of the lead acid battery market. Nevertheless, increasing demand from the telecommunication sector is foreseen as a fresh new opportunity in this market. Application-wise, the analysts have bifurcated the lead acid battery market into grid storage, commercial, stationary industrial, residential grid storage, motive industrial, and transportation. Until 2017, the transportation sector was providing for 47.3% of the overall demand, although the demand for stationary industrial segment is expected to expand at an above-average CAGR of 6.3% during the forecast period. Commercial and residential applications of lead acid battery are also expected to grow at a significant CAGR over the forecast period. Increasing marine activities and recreational boats are giving a trending opportunity for boats, which, in turn, is increasing the demand for lead acid battery. Globally, 85% of lead is primarily utilized in batteries for passenger cars, trucks, motorcycles, uninterruptible power supplies, and solar power storage. Demand for passenger vehicles has increased considerably and is anticipated to rise further in the near future. This, in turn, is creating high demand for lead acid batteries. Automobile and manufacturing sectors are witnessing significant expansion. This is driving the demand for stationary batteries for power backup and that for deep-cycle batteries for wheeled mobility such as golf cars, wheelchairs, and scissor lifts. However, improper and illegal disposal of lead acid batteries causes environmental pollution due to its high lead content. Furthermore, demand for the alternative Li-ion batteries in the automobile sector is increasing due to the poor performance and low cycle life based on temperature of lead acid batteries are restricts the market growth. Manufacturing process advancements in recycling of lead acid batteries provide opportunities to lower the adverse impact on the environment. The automobile and UPS & telecom applications together account for more than 55% share of the market for flooded type batteries. Thus, these are the major segments in terms of product type. The flooded segment is anticipated to constitute key share of the market in the near future due to the extensive utilization in driverless transport vehicles, electric forklifts, and electric bicycles. B.B. Battery Co., Toshiba Corporations, C&D Technologies, Inc. (Acquired By KPS Capital Partner), Crown Battery, CSB Battery Company Ltd., East Penn Manufacturing, EnerSys, Exide Technologies Inc., GS Yuasa Corporation, Johnson Controls Inc., Narada Power Source Co. Ltd., Nipress (Indonesia), Northstar, Reem Batteries & Power Appliances Co. SAOC and Zibo Torch Energy Co. Ltd. are some of the leading companies in this market. India Lead Acid Battery Market India lead acid battery market is projected to reach $ 7.6 billion by 2023. Anticipated growth in the market can be attributed to booming demand for automobiles, in addition to increasing focus of the government towards boosting the penetration of electric vehicles in the country. Moreover, development of smart grids, continuing technological developments, increasing budget allocation for housing projects and government initiatives aimed at shifting the focus from conventional sources to renewables in India is further expected to positively influence the country’s lead acid battery market in the coming years. Lead acid battery is traditionally used as rechargeable battery with varied applications including automotive for starting lighting as well as ignition usage across power backup devices such as inverter, UPS, and genset followed by telecommunication segment, electric vehicles, renewable energy production and storage. India lead acid battery market is driven by automotive and UPS & inverter industry; in addition, government schemes to promote electric vehicles coupled with rising installation of renewable energy projects are posing new opportunities for lead acid battery manufacturers in the country. Anticipated growth in the market can be attributed to booming demand for automobiles, in addition to increasing focus of the government towards boosting the penetration of electric vehicles in the country. Few of the major players operating in India lead acid battery market are Exide Industries Limited, Amara Raja Batteries Limited, Livguard Energy Technologies Private Limited, Luminous Power Technologies Pvt. Ltd., HBL Power Systems Limited, V-Guard Industries, Southern Batteries Private Limited, Su-Kam Power Systems Limited, Okaya Power Private Limited, etc. Tags #Lead_Acid_Battery_(Maintenance_Free), #Lead_Acid_Battery, #Lead_Acid_Rechargeable_Battery, Lead Acid Battery Applications, #Lead_Acid_Battery_Manufacture, Battery Manufacturing Process, #Production_of_Lead_Acid_Battery, Battery Production, Project Profile on Lead Acid Storage Batteries, #Manufacture_and_Assembly_of_Lead_Acid_Battery, Manufacturing Process of Lead Acid Battery, Battery Manufacturing, Process for Making of Lead Acid Battery, Lead Battery Manufacturing, #Production_of_Lead_Acid_Batteries, Lead-Acid Battery Production Business, #Lead_Acid_Battery_Production/Assembly, Lead Storage Batter, Lead Battery Plant, Lead Acid Battery Manufacturing Industry, Lead Acid Battery Manufacturing Plant, Battery Manufacturing Plant, #Cost_of_Setting_up_Battery_Manufacturing_Plant, Lead Acid Battery Manufacturing Plant Cost, Lead Acid Battery Manufacturing Process Pdf, Lead Acid Battery Manufacturing Cost, How to make Lead Acid Battery, Lead Acid Battery Plant Project Report, How to Make Battery in Factory, Battery Manufacturing Process, How to Start a Battery Manufacturing Business, What will be the Cost for Starting Lead Battery Manufacturing Unit? Starting a Battery Manufacturing Business, Start a Battery Manufacturing Plant, Lead Acid Battery Making Process, Lead Acid Battery Industry, #Detailed_Project_Report_on_Lead_Acid_Battery_Manufacturing_Industry, Lead–acid battery, Project Report on Lead Acid Battery Manufacturing Industry, Pre-Investment Feasibility Study on Lead Acid Battery Manufacturing Industry, Techno-Economic feasibility study on Lead Acid Battery Manufacturing Industry, Feasibility report on Lead Acid Battery Manufacturing Industry, Free Project Profile on Lead Acid Battery Manufacturing Industry, Project profile on Lead Acid Battery Manufacturing Industry, Download free project profile on Lead Acid Battery Manufacturing Industry
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