There are many auto business ideas, including:
Car dealership: You can sell passenger, commercial, electric, or two-wheeler vehicles.
Auto repair: You can offer auto repair and maintenance services.
Car wash: You can start a car wash business with a place to wash cars, cleaning materials, and trained car cleaners.
Car interior shop: You can offer vehicle interior personalization with a variety of materials.
Automotive branding and painting: You can offer affordable car branding and painting services.
Tyre store: You can sell tyres and maintain a substantial inventory.
Automotive locksmith: You can offer key cutting, 24/7 emergency service, lock replacements, and more.
Aftermarket telematics services: You can provide telematics devices and services to monitor vehicle performance, provide diagnostics, and improve driver safety.
Automotive events and expos company: You can organize and host automotive events, including car shows, expos, and trade conventions.
Electric vehicle charging station: You can open your own EV charging station if you have adequate space and access to a reliable electricity supply.
Mobile oil changing: You can offer mobile oil changing services for people who don’t have the time or know how to change their car’s oil.
Options for Automobile Business in India:
While car manufacturing is a capital-intensive endeavour, numerous profitable automobile-related businesses can be started with a significant investment. Let’s look at some of the highly profitable business ideas in the automotive industry:
Auto lubrication retail store: As the number of vehicles on Indian roads increases, the demand for engine oil and other lubricants is seeing an uptick too. This business is considered to bring in a reliable revenue stream because engine oil is a consumable product and vehicle owners will continue to buy it.
Auto accessories store: The demand for innovative, technologically reliable and aesthetically pleasing accessories is rising as driving in India evolves. Products ranging from the standard seat, steering and car covers, roof racks, mudflaps and floor mats, to electronic accessories like GPS navigation systems, car chargers, cameras, car alarms and performance part accessories like air filters, exhaust systems, etc. fall under this business.
Automotive painting: Providing professional vehicle painting services can be a specialised and profitable business. With more and more people wanting to customise their cars with colours and designs of their choice, this can be a lucrative business.
Auto parts export: Exporting automotive components to international markets can be a profitable opportunity.
Electric vehicle charging stations: As electric vehicles become more popular, setting up charging stations can be a forward-thinking business move.
Automobile insurance: Offering insurance policies for vehicles can be a lucrative business if done correctly.
Car detailing: Car detailing services involve intensive cleaning, restoration and protection treatments to ensure it looks and feels as good as new. As car owners increasingly value the appearance and condition of their vehicles, there is a growing demand for professional detailing services. The car detailing industry in countries like China and the United States is about 20 times bigger than in India, which shows the massive scope of growth on a global scale.
Car wash business: Offering car wash services, ranging from a basic wash to premium cleaning, is among the most profitable ventures in the Indian automotive industry. Starting a car wash is the first step into the car care market, with a consistent and growing customer base. It also allows the scope to evolve into a more profitable venture like a car detailing business’
Used car dealership: The used car market in India is evolving into a more formalized structure to buy and sell pre-owned vehicles, offering a decent and lucrative margin ranging between 10% to 20%, depending on the car type, age and demand.
If you don’t know about the automobile spare parts business click here.