Spare parts business plan in india

It sells over 35, part numbers, manufactured by more than 80 suppliers and caters to over 8, customers across the country. Sophisticated warehousing facilities with state of the art IT infrastructure enables smooth procurement and deliveries. Is committed to supplying genuine spare parts and ensure timely delivery to its customers. Currently, the parts retail market is highly fragmented, largely unorganised, large supply chain inefficiencies and credit driven.

Spare parts business plan in india

spare parts business plan in india

Thirdly, you make money. Read on to cash in… The Business plan Make a business plan and include in it how you are going to find the raw material in order to start your business. Factor in the local competition as well as set your target audience.

Starting an Auto Parts Store – Sample Business Plan Template

You can consider selling the automobile parts or do the bodywork of the car. Whatever it is, do some proper research before venturing. Pay attention to licensing requirements in your area. Locating your service station Identify the geographical location for your business. Keep in mind that the space required for opening an auto part garage is phenomenal.

You would require at least an acre of space. Get the right parts Next think of where you are going to get your spare parts from.

Are you going to scavenge it from hawkers? Or are you going to approach a car manufacturing company to buy slightly dented or scratched pieces at half the rate? Purchase a wide array of car parts, hunt for parts which are in demand; you may also consider in investing in expensive parts and those which are necessary, those that you know people would want to buy.

Set up your business office You will need general retail and office supplies such as computers, fax machines and a cash register. It is also recommended to purchase inventory software to help keep track of the parts you have coming and going. At this time, you should set up a sign on the exterior of your business that highlights basic information, including your business name and telephone number.

Also, set up contract database with other used auto parts dealers. This is the network that allows used auto parts dealers the ability to get used parts they do not have in inventory. You can also list your available parts through the service. Having this service is crucial; you risk losing business if you cannot secure a part for a customer.

Online sale A way to boost your sale is by creating a website which includes a detailed description of each product including photos, specifications, measurements, recommended uses, materials used in manufacture, pricing, and other relevant information.

Other critical information to include in the web pages are shipping policy, terms of sale, refund and return policy, and other relevant information such as a privacy policy. Make sure to ensure the website remains clutter free, with the user able to locate what they want easily.

One good tip is to categorize the products into replacement parts, performance parts, custom parts, models, and other relevant groups.

Advertising your business The key point to do in order to help business grow is advertising; place ads in yellow pages, local classifieds, have tie up with car mediators; create fliers and brochures and leave it with potential customers.

Word-of-mouth advertising also works. Constantly salvage car parts and sell them in order to build your business. Contact ourbusinessladder for Gamification example and Consulting for your business.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 . Aug 17,  · This plan lays out your business goals and the measures you plan to take to meet them. You can add whatever information you feel is necessary to your business plan, as long as it relate to the business, such as objectives, steps involved, timeframe and finances%().

Auto Spare Parts Shop Business Plan – Sustainability and Expansion Strategy The future of a business lies in the numbers of loyal customers that they have, the capacity and competence of the employees, their investment strategy and the business structure.

Southeast Racing auto parts store business plan executive summary. Southeast Racing Parts is a start-up company which provides entry-level oval track racers with affordable products and quality service.4/5(29). Currently, the market for racing parts and accessories is rapidly expanding.

Performance Racing Industry completed an estimate for total number of resulting number was , people who competed in an organized auto race at least once in the past year.

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Check How To Start a Automobile Spare Parts Business in India – online business ideas and plans. CHeck also tips on How to Open an Auto Parts and Accessories Store, the Average capital Contact ourbusinessladder for Gamification example and Consulting for your business.

The Business plan.

Starting an Auto Parts Store – Sample Business Plan Template | ProfitableVenture