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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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This report provides vital information on the product like its characteristics and segmentation

This report helps you market and place the product correctly by identifying the target customer group of the product 

This report helps you understand the viability of the project by disclosing details like machinery required, project costs and snapshot of other project financials

The report provides a glimpse of government regulations applicable on the industry

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

We use reliable sources of information and databases. And information from such sources is processed by us and included in the report

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Each detailed project reports cover all the aspects of business, from analysing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet etc.

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Alloy Wheels for 2 Wheelers

When an object is forced against a surface, the wheel is a mechanism that lets the thing to go efficiently across it. A horizontal slice of a trunk does not suit due to the structure of wood, as it lacks the structural strength to support weight without collapsing, therefore rounded pieces of longitudinal boards are required. Alloy wheels are automobile wheels made from an alloy of aluminium or magnesium metals (or sometimes a mixture of both). Alloy wheels are lighter than normal steel wheels, allowing for faster vehicle speeds. Because alloy wheels are lighter than steel wheels, they perform better in most conditions. In terms of fuel economy, alloy wheels have a major benefit, particularly in urban areas. Due to their lighter structure, alloy wheels will put less strain on the vehicle's suspension. As a result, faster acceleration will be feasible. Alloy wheels have become the standard wheels for most cars due to their greater performance and attractive design. Alloy wheels are more expensive than steel wheels, although they account for the vast majority of OEM wheels. This provides you with more options and choices. The overall alloy wheel sector in India has been continuously growing, with growth expected to accelerate in the next 5-6 years. The alloy wheel market is anticipated to be worth roughly INR 21,000 million in terms of value. Alloy wheels account for less than 20% of the market in India, compared to steel wheels, which account for more than 80%. In the short to medium term, the forecast for the alloy wheel market in India is positive. Few Indian Major Players 1. Alcoa India Pvt. Ltd. 2. Enkei Wheels (India) Ltd. 3. S A B Industries Ltd. 4. Wheels India Ltd.
Plant capacity: Alloy Wheel for 2 Wheeler 1,000 Pcs Per DayPlant & machinery: 133 Lakhs
Working capital: -T.C.I: Cost of Project: 891 Lakhs
Return: 26.00%Break even: 58.00%
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Opportunities in Business of Alloy Wheels for 2 Wheeler (Motorcycle, Bikes). Start Your Own Business in Automobile Industry.

Alloy wheels are significantly lighter than steel wheels, allowing them to perform better in most conditions. Alloy wheels have a significant advantage in terms of fuel economy, especially in urban areas. Because alloy wheels have a lighter structure, they will put less strain on your car's suspension. Faster acceleration will be possible as a result of this. Because of their superior performance and appealing appearance, alloy wheels are now the standard wheels for most cars. Alloy wheels are more expensive than steel wheels, however they make up the majority of OEM wheels on the market. This gives you a wider range of choices and options. Because alloy wheels are more expensive to manufacture than steel wheels, they've always been considered an aftermarket option unless you're buying a sports car or a high-end luxury vehicle. Around the turn of the century, however, this began to change, and more automakers are now selling alloy wheels on specific trim levels of compact, subcompact, and budget vehicles. The alloy material provides a number of advantages over other materials, many of which are reflected in the wheel benefits. Here are some of the most significant advantages of installing alloy wheels on a vehicle: 1. Aesthetics: Aesthetically, alloy wheels are significantly more beautiful than others. This is partly due to the alloy wheels' more complex production process, which allows for more imaginative and even custom designs. When you compare a steel wheel to an alloy wheel, it's evident which one looks better. 2. Performance: alloy wheels are much lighter than steel wheels, which benefits a vehicle's fuel economy, braking, and acceleration. Alloy wheels can also help with steering and handling. Other vehicle components, such as the engine, transmission, and suspension, benefit from the lighter wheels as well. Alloy wheels also allow for better heat conduction and dissipation, resulting in improved braking. 3. Lightweight: We touched on this benefit before, but it bears repeating: alloy wheels are substantially lighter than steel wheels, which helps improve a vehicle's fuel economy, reduce stress on various components, and improve handling. Alloy wheels are standard on most current automobiles. How are they manufactured, will pique the interest of curious minds. These are the ten steps in the alloy wheel manufacturing process: Step 1: The plant receives raw aluminium. Aluminium is mined and transported to a facility for processing. Step 2: Analyze The Chemical Composition of the Raw Materials: Along with employee inspections, the raw material is subjected to extensive chemical testing to guarantee that it is, in fact, aluminium. Machines test the chemical balance and any materials that do not meet the required standards are discarded. Step 3: The Melting Process: The next stage is to begin the construction process. To begin the melting process, the acceptable material is placed in the oven. This is a short procedure. Melting the aluminium into an useable substance can take anywhere from 10 to 30 minutes. Step 4: Enamel Casting: Low-pressure die-casting technology is used to produce alloy wheels. Yxlon automatic X-ray equipment are used to inspect the castings. Step 5: X-Rays: The wheels are inspected for quality and any damage or faults. Step 6: Tilt Milling: After the wheels have been tested for quality, they go through the tilt milling process. Employees use a tilt mill tool to remove metal from a moving work piece by spinning a multi-tooth cutter. A quill feed lever on the head can be used to feed the spindle up and down. Step 7: Inspection: The wheel is subjected to a manual inspection to look for flaws. They take measurements of the wheel's separate components to ensure that they meet the design specifications. A 'brute force' inspection is also carried out, in which the wheel is subjected to extreme pressure in order to determine its breaking point. Step 8: Finishing Touches and Finishing Touches: After that, the wheel is moved to the stage of painting and treatment. The wheel goes through a variety of steps to safeguard it from the constant wear and tear that automobiles can cause. The process is fully automated thanks to a series of equipment. Step 9: Quality Assurance: The wheel is then examined for quality, similar to the inspection step. Following the painting and protection, an employee will sit beside the conveyor belt and inspect the wheel for any blemishes or dents that would prevent it from being sold. Step 10: Shipment: After the wheel has been produced and inspected, it is ready to be shipped to its final destination. The demand for light weight wheels with the same strength as steel wheels, as well as good thermal stability and ductility, is driving the growth of the automotive alloy wheel market. Automotive alloy wheels are made of magnesium or aluminium alloys, or a combination of the two. Automotive alloy wheels are light-weight wheels that help a car's steering and speed. During the period 2021-2025, the alloy wheel market is expected to increase by USD 3.41 billion, with a CAGR of above 4%. Due to changing weather conditions, there is a growing demand for light weight and corrosion resistant alloy wheels, which is a major factor driving the growth of the automotive alloy wheel market. Tubeless tyres are supported by automotive alloy wheels, which also provide improved brake grip. These are some of the advantages that are projected to boost demand for automobile alloy wheels, accelerating the expansion of the automotive alloy wheel market in the future years. Other major elements that will drive the expansion of the automotive alloy wheel market include a minimal reduction in fuel consumption and precise steering control.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Information
  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

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