As the automobile industry in India gears up to the next level, time is right for automobile franchisors to make a lot of money. Entrepreneurs with a passion for automobiles and wish to succeed in business must invest in this booming opportunity.
INDUSTRY experts expect that as the car market doubles its sales to three million units by 2015, the sales of used cars would also grow between 6 and 8 million vehicles, and the aftermarket services would also grow by leaps and bounds. This industry offers opportunity in all shapes and sizes that includes pre-owned car franchises, motor vehicle parts, and supply stores, automotive rental and leasing services, people logistics services, tyre dealers and automotive repair and maintenance franchises, customization of cars, car wash services, alloy wheel, and many more.
Franchise way to speedy profits
This industry is apt for those who are enthusiastic about the automobile field, as there are opportunities galore to explore. In this industry there are many franchise opportunities that can be turned into lucrative business ventures, as there are many fields within the industry. Entrepreneurs, with interest in service and maintenance, can invest in a business franchise like car wash, car detailing, car modification, alloy wheels, etc. If one is not really passionate about the maintenance and service industry, one can concentrate on pre-own car segment.
Essentially in India franchise industry includes franchises operating in the automotive aftermarket services and products franchises because the vehicle aftermarket industry requires the products and services purchased for vehicles after the original sale. With increase in number of vehicles on roads, the age of vehicles and the increased technology and complexity of new vehicles, this industry will drive profits in the fast lane. Automotive franchises are the business of tomorrow.
Elaborating on the potential of this industry, Jeremiah D David, Business Head, CAR CARes says: “We at Car CARes will offer a budget franchise for car cleaning, washing, and detailing services. With complete training and guidance provided by CAR CARes, we intend on supporting our franchisees in capturing this niche emerging market. The need for cars to be washed, cleaned and detailed will always be there. By focusing on effective prices, customer satisfaction and quality, we can assure the franchisees a bright and promising future with CAR CARes."
Besides owning a business in the automotive industry, there is another benefit for investors. As the auto field is a thriving industry, it will always need quality maintenance and services. Due to changes in lifestyle, the number of car owners has increased and they are more conscious of the need for car servicing and maintenance. It is also becoming common among car owners to get their cars groomed from a reputable sale and repair services centre. This creates multiple business opportunities in this sector.
With current trends pointing towards a bright future for the industry, there is much for the investors to look forward to in terms of putting their money into what promises to be a profitable business opportunity. Take a look at the pages of our 'On the Cover' section and find for yourself multiple opportunities in the auto industry. It is just about time to drive profits in the fast lane and take your business to a new scale.