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Old 6th December 2013, 20:32   #31
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Default Re: Business Ideas -> Turning PASSION for Cars Into KA-CHING!

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Originally Posted by theexperthand View Post
Take a look at 99RPM
They are an online parts store for FIAT cars and you can be guaranteed that there will be lot of business since the spares are not easily available over the counter in your neighborhood.
Similarly, you can start a parts shop for classic cars - I think there will be lot of demand if you can get spares which are not easily available in India.

A similar concept, but branded helmets and riding gear - http://www.spartanprogear.com/

You will get lot of sales if you can get International brands riding gear in India, at resonable rates.

On the same line, you can think about detailing products, Pro Audio brands etc

--Anoop
Other day even i was discussing on this topic with my friend. He deals in importing steel from Germany so thought why not import skoda parts from there too and start something like this.
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Old 6th December 2013, 20:39   #32
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Default Re: Business Ideas -> Turning PASSION for Cars Into KA-CHING!

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Take a look at 99RPM
They are an online parts store for FIAT cars and you can be guaranteed that there will be lot of business since the spares are not easily available over the counter in your neighborhood.
Looks like they are testing the market by launching Fiat spares. What will be the future of such a venture? Anyways the buyer should take help of a garage person to fit them on the machine. Have some one used their service. It looks like a less capital intensive business model.
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Old 6th December 2013, 22:41   #33
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Default Re: Business Ideas -> Turning PASSION for Cars Into KA-CHING!

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Looks like they are testing the market by launching Fiat spares. What will be the future of such a venture? Anyways the buyer should take help of a garage person to fit them on the machine. Have some one used their service. It looks like a less capital intensive business model.
Many people who are members of TeamfiatIndia have been using 99rpm for some time now, and have been very happy with the service.

I think such ventures (for example: online sale of spares of FIAT, Skoda\VW, the German trio etc) have a very good future because many people will use them either because spares are not available locally or because of cost effectiveness.

In my personal opinion, if you can find a good friendly neighborhood mechanic, you can get most of the work done from him more satisfactorily than at the A.S.S, often at a fraction of cost.

--Anoop
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Old 7th December 2013, 11:25   #34
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Default Re: Ideas for Automotive Entrepreneurial ventures

-How about a multi brand car showroom with integrated test track which can simulate various conditions on the real road ? . Would it work ? I feel your initial investments will be very high , you will need a very large piece of land .

One will get to see all cars under one roof , since you have a nice stretch of test track ,you can have a better test drive.

-If you happen to own some land in a prime area in your city , paid parking facility will always generate good revenues. You can offer services too , like detailing , wheel rotation and alignment , engine oil change etc.

The above ideas need high initial investments , I am yet to come across an idea with low capital investments and high returns .

Critics and comments on my ideas most welcome !
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Old 7th December 2013, 12:06   #35
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Default Re: Ideas for Automotive Entrepreneurial ventures

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-How about a multi brand car showroom with integrated test track which can simulate various conditions on the real road ? . Would it work ? I feel your initial investments will be very high , you will need a very large piece of land .
!
For the enthusiast, this will be a heaven, but for the majority of people who are non enthusiasts, it will be just another garage/showroom.
However, this is not a bad idea provided that you start small, and slowly expand. Perhaps initially the setup can offer services like wheel alignment, balancing, detailing, and once the customers start coming in, the profile can be expanded to service, repairs, then bodywork and so on. In this way the investment will also be made gradually, and as the word of mouth spreads, more customers can come in.

But IMO, in India, most of the people look for VFM. No point in opening a highly equipped setup and charging more than what authorised guys charge. Rather a smaller garage with lesser rates will attract people. Hence, any such service based enterprise, it should offer value to the customers. If the rates are reasonable, along with a confidence gaining experience for the customer in terms of the work done, then such an enterprise will be a success. For example, if a garage fixes a problem in a car for a fraction of the cost quoted by an authorised service center, the customer will be surely happy. Moreover they will recommend it to others. Hence, customer satisfaction will also play an important role.

Equipments, facilities, etc are secondary for an average indian car owner. As long as the work they require is done, they will be happy. A good example is in the alignment centre. There are shops with decade old, badly calibrated machines whereas OTOH there are shops who have invested in the state of the art equipment. Still, not many people worry about what equipment is used to get their car aligned.

Same goes with a body shop. A professional body shop has a good setup, including a chassis aligning rig, a paint booth, spot welders etc. However there are people who get such jobs done outside in garages who have none of the above equipment for the reason that they are cheaper.

To sum it up, I was very keen on getting started with an enterprise that offers quality work in a professional manner, that can surpass even ASCs. A little thinking made me realise that my intentions would target an enthusiast, and the number of enthusiasts compared to the number of cars was very less and it would be a long time before the enterprise would make economic progress Hence I dumped that idea for an indefinite period.

Last edited by audioholic : 7th December 2013 at 12:08.
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Old 7th December 2013, 16:13   #36
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Default Re: Ideas for Automotive Entrepreneurial ventures

Make a piece of hardware that connects to OBD (or similar), pulls out all vital stats while simultaneously logging GPS data by use of an on-board GPS module and upload it all to a "cloud" service via 3G (anytime) or WiFi (when near an accessible access point after end-of-drive).

With all that collected data, perform analysis and provide suggestions on how to improve driving skills such as gear-shift timing, appropriate/economical rev-band threshold warning beeps, even suggest better routes in terms of time taken or fuel expended and so on.

Could also be a big data mine for the manufacturers themselves who - if they really care and - want to optimise their cars for the Indian road environment.

Plus points if the API et al is opened up for competition in both the actual device and online analysis markets.

(not my original idea.
edit: the Fiat ecoDrive is similar but data collection, upload and analysis are all decoupled and there's no realtime feedback. I haven't confirmed whether it collects any GPS logs (does the car even have one? hidden/undisclosed location? ;D))

Last edited by nareshov : 7th December 2013 at 16:16.
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Old 9th December 2013, 12:48   #37
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Default Re: Business Ideas -> Turning PASSION for Cars Into KA-CHING!

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If you really have passion for detailing, get into it independently. But it's no easy job (as you already know) and competition is fierce. Good luck.
Yep, I too find the scope for detailing works more bright. Investment is quite low as compared to other "on ground" businesses. It attracts almost any aam-aadmi with little care to see their car cared in a pro way within limited budget. There is no big margin but its a mass scale business. You don't need to wait for weeks/months to complete a project at hand, you may serve several customers in a day.
Ahem, I know many from here will not consider it as a true detailing but than you could run separate pro-packages for Team-BHPians that would take weeks!

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How about starting a business model where a customer can hire a expert automotive person on hourly basis charges who will in return guide them on buying a used car that suits their budget but most importantly can check the car in and out for the customer.
This really makes sense. I see it as a business model comprising of two elements.
  1. Someone, who is preferably an auto enthusiast willing to just INVEST his MONEY in setting up a business. May be as an on-line portal with a back-office, sort of customer service center.
  2. The other part and the key to business success is the individuals willing to INVEST their TIME & EXPERTISE just out of their interest and make some pocket money (or even some Gurus who don't want to serve free for the sake of respecting their art/skill) or honing their skill at much finer level.
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Originally Posted by sukhoi30 View Post
How about an all-encompassing carmall? It will be an entire mall which will have all types of car accessories(interior furnishings,ICE models, GPS, carmats, perfumes etc.), hardware(tyres/tubes, batteries, exhaust, oils, additives etc.), services (car washing, decal fixing, paints, upgrades etc.).

Its a grand idea with huge investment but I think something which is needed in large cities.

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Originally Posted by girimajiananth View Post
-How about a multi brand car showroom with integrated test track which can simulate various conditions on the real road ? . Would it work ? I feel your initial investments will be very high , you will need a very large piece of land .

One will get to see all cars under one roof , since you have a nice stretch of test track ,you can have a better test drive.

The above ideas need high initial investments , I am yet to come across an idea with low capital investments and high returns .

Critics and comments on my ideas most welcome !

Honestly speaking, your idea looked too vague and impractical and thought to comment it. But hey, often those are some ideas that really dejected by most and worked well!
As you rightly said it really requires a very huge investment, I could think of only big names of the country or may be some international investors who would invest to (1) Construct such infrastructure and (2) make a sort of consortium to convince multiple Auto giants to buy a shop there.

This would serve both as an Auto Hub for new sale and sort of museum (not exactly an auto museum) to demonstrate new technologies buy OEMs and 1st, 2nd tier accessory vendors, tuners etc. Just take a test driver there and get your custom car delivered at your door step hundreds miles away. A perfect location for such concept would be somewhere nearby Race Circuits!
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Old 10th December 2013, 11:04   #38
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Default Re: Business Ideas -> Turning PASSION for Cars Into KA-CHING!

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Honestly speaking, your idea looked too vague and impractical and thought to comment it. But hey, often those are some ideas that really dejected by most and worked well!
As you rightly said it really requires a very huge investment, I could think of only big names of the country or may be some international investors who would invest to (1) Construct such infrastructure and (2) make a sort of consortium to convince multiple Auto giants to buy a shop there.
You are right , it was just a vague idea .
Door step detailing could attract more people. It could be parking complex , office spaces , malls , apartments , homes etc. Although there are lot of people doing it, a quality service will make a difference and can help you establish a nice brand.
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Old 16th December 2013, 11:08   #39
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Default Re: Ideas for Automotive Entrepreneurial ventures

With due respect to the Team-BHP philosophy to remain independent of Auto industry's advertising and be committed to its sole purpose of empowering the Indian car owner & enthusiast. I'm sharing this idea, it would be applicable to both the Mods & the Members.

1. Can we have a sort of dedicated thread(s) for all wanna-be or small start-up entrepreneurs to list themselves.
2. We the Team-BHP community may sort out them based on of course votes and some other critical parameters (inputs from highly experienced people of that particular domain could be a major contributor).
3. Then make a call for all angel investors of the community who wish to invest some minimum bucks e.g. say even 50K. with corresponding ownership.

By this way the techies get the bucks to upgrade or purchase new hi-tech equipments and the investors gets partial ownership and profit returns. It all linked up with T-bhp, will add more business to the model. Think about a service station in your city where most T-bhpian will go for.

I know there will be lot to it, specially dealing with such share based ownership would be quit complicated. What do you guys think about it?
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Old 26th December 2013, 10:01   #40
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Default Re: Ideas for Automotive Entrepreneurial ventures

Friends, a close friend of mine is considering to start a spare parts shop in a Tier-II city. Can someone give some inputs on typical investment requirements, sourcing and profit margins etc?
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