New Business oportunity in performance segment

devarshi84 · 15th March 2006, 21:14

How many of you think that there is an opportunity for performance cars with company backing.

I mean if there is a chain of dealerships that proides cars with warranty and spares.

Cars to be included like

nissan 350z
mitsubishi evo
mitsubishi eclipse
subaru Impreza wrx-sti
audi TT
acura rsx and others

the price of the cars are supposed to be between 14-40 lacs.

I want an honest opinion guys. Dont just vote saying I will buy straightaway. Think logically if you are already mulling on buying or have thought of buying before but have found the availability in India lacking.

devarshi84 · 16th March 2006, 10:50

guys only votes dont help. Please back your votes with proper details.

normally_crazy · 16th March 2006, 13:45

There is a small %age of the car buying population that really knows what performance cars - i think still there is a long way to go before these kind of performance cars are available here !

zulfikar · 16th March 2006, 14:18

hi,
a normal person will not spent 14-10 L on a car he needs to be rich...

as i see 50-60% TBHP members are just young and cannot put that amount of money.
people only talk about it over here as they read lots of books and are on internet looking for answers.

there are FEW people who live their Dreams.
as of now i am trying to do it...
trying to lIve my Dreams but 14-40 L is out of my reach(as of now)
mabe in a year or 2 i will say yes i will spend that much on my car...

well its very good opportunity for performance cars.

people started spending money on cars...
its the right time to JUMP IN...

BEST OF LUCK BUDDY...

nitrous · 16th March 2006, 14:28

Yes, but it'll only make sense if the FOB value is greater than US$40000.

No need of homologation and has$les. Just one demo car and cars can be imported on order. So, its genuine unlike at the 'import dealer'.

Gtea · 16th March 2006, 19:12

I think they are still way too expensive.
Maybe if it came down to the 8-10 Lakh range.

These are sports cars so we have to take into account the quality of fuel.
Good fuel maybe available in Big cities but go a bit further and I doubt anyone will find decent grade of fuel.

I don't know really. Just my views......

1Day · 16th March 2006, 20:08

if you ever want to start something up, i would have 3 guys waiting to jump in with you on this, may be even 4 including myself and 3 other friends who have the will to and some of them may be the means as well..

Also one of these guys is just returning from cardiff and wants the speedrun to come to delhi since he is from delhi and has just put an order for CLS350 and SLK..I dont know much about the speedrun but all i can gather is that it is currently runnig in bbay and blore and he wants to speak with the organizers and bring it to delhi..

I would buy..since i am going to be coming back to india in the next 2-3 years i wouldnt mind spending around 40 to get myself a nice hunk of metal...

BuRnT RuBbEr · 16th March 2006, 20:15

performance machines are not a bad idea. buttttt i would prefer to wait for the car to sell a bit, so that the "backing" being talked about can be judged. Everything from before sales attention to costing of a spare rim nut matters with a car.

There are people who care about performance. Develop the trust and see skoda selling like esteem...

at the end...i would go for one of them, buttttttt after three to four quarters after the launch...

devarshi84 · 16th March 2006, 20:47

I am talking about fully backed dealerships with service and warranty my friend. read the first post.

ITS JUST SOME IDEA MY FRIEND AND I ARE mulling at. he wants to open a honda dealership but asked me to do something exclusive. i have this idea of importing 2-3 models and also stocking parts for the same.

may require some capital but for only 2-3 cars its a bit easy to provide warranty and service and also reduce the MRP in the long term.

Just an idea though.

paharino1 · 16th March 2006, 20:53

Not too Sure...Where's the Volume for such Cars ?

The HNI ( High Net Individuals) is the limited market for such Cars - & they are already been chased by the Merc/BMW & other "luxury" car manufacturers..

Your paid up Capital for setting up such Dealerships would be huge...& ROI would take a long time..

BuRnT RuBbEr · 16th March 2006, 21:31

There is a market for these machines. esp the ones that are well known. like the evo. spoilt racer boyes dont go around in MB'. They mod lancers to look like evo. and throw in some mods. the tuners here will testify that many ppl come around trying to turn a poor lancer into a road burning evo.

the

BuRnT RuBbEr · 16th March 2006, 21:34

oops..IE gone crazy....

devarshi84 · 16th March 2006, 21:35

so you say there should also be a performance shop under the dealership?

is it a feasible option? or can it be like an authorized performance shop for Indian cars?

Boom Shiva · 16th March 2006, 21:40

Devarshi, I think there would be a bigger market for used, performance cars that have been imported from abroad, but are available with some kind of backing. Eg. Mitsubishi GTOs, Toyota Supras, Skylines, Mustangs etc.

If you can find good, used examples of these cars and import them and sell for 10-15 lakhs AND provide some kind of after sales assurance, I think you can tap a pretty good share of the nascent performance market. Of course, it'll require a lot of work and network-building abroad.

BuRnT RuBbEr · 16th March 2006, 21:42

That shop will cater to around 0.001% of the net car buyers in india, maybe less. It is a good start, will be welcomed by enthusiasts . financially, wont be a very good idea. invest in it only if u have felt at times that a single pedal wasnt enuf in ur car...there should be more more n more.

and if u feel attached with others of the same viewpoint

View Poll Results: will you buy an Indian performance car with proper backing?
Yes, I have always tried to find one and will certainly purchase one!	13	43.33%
No they are still expensive and the Indian market is Underdeveloped?	10	33.33%
I like performance cars but am not sure if I will buy one?	7	23.33%
Voters: 30. You may not vote on this poll

15th March 2006, 21:14	#1
devarshi84 Senior - BHPian Join Date: Jun 2005 Location: Ahmedabad - Tor Posts: 4,024 Thanked: 213 Times View My Garage	New Business oportunity in performance segment How many of you think that there is an opportunity for performance cars with company backing. I mean if there is a chain of dealerships that proides cars with warranty and spares. Cars to be included like nissan 350z mitsubishi evo mitsubishi eclipse subaru Impreza wrx-sti audi TT acura rsx and others the price of the cars are supposed to be between 14-40 lacs. I want an honest opinion guys. Dont just vote saying I will buy straightaway. Think logically if you are already mulling on buying or have thought of buying before but have found the availability in India lacking.
	() Thanks

16th March 2006, 10:50	#2
devarshi84 Senior - BHPian Join Date: Jun 2005 Location: Ahmedabad - Tor Posts: 4,024 Thanked: 213 Times View My Garage	guys only votes dont help. Please back your votes with proper details.
	() Thanks

16th March 2006, 13:45	#3
normally_crazy Senior - BHPian Join Date: Feb 2004 Location: Mumbai Posts: 4,305 Thanked: 543 Times View My Garage	There is a small %age of the car buying population that really knows what performance cars - i think still there is a long way to go before these kind of performance cars are available here !
	() Thanks

16th March 2006, 14:18	#4
zulfikar BHPian Join Date: Feb 2005 Location: Hyderabad Posts: 531 Thanked: 18 Times View My Garage	hi, a normal person will not spent 14-10 L on a car he needs to be rich... as i see 50-60% TBHP members are just young and cannot put that amount of money. people only talk about it over here as they read lots of books and are on internet looking for answers. there are FEW people who live their Dreams. as of now i am trying to do it... trying to lIve my Dreams but 14-40 L is out of my reach(as of now) mabe in a year or 2 i will say yes i will spend that much on my car... well its very good opportunity for performance cars. people started spending money on cars... its the right time to JUMP IN... BEST OF LUCK BUDDY... Last edited by zulfikar : 16th March 2006 at 14:19.
	() Thanks

16th March 2006, 14:28	#5
nitrous Senior - BHPian Join Date: May 2004 Location: UAE/Lon/Madras Posts: 6,965 Thanked: 333 Times View My Garage	Yes, but it'll only make sense if the FOB value is greater than US$40000. No need of homologation and has$les. Just one demo car and cars can be imported on order. So, its genuine unlike at the 'import dealer'. Last edited by nitrous : 16th March 2006 at 14:38.
	() Thanks

16th March 2006, 19:12	#6
Gtea BHPian Join Date: Dec 2005 Location: Shillong Posts: 163 Thanked: Once	I think they are still way too expensive. Maybe if it came down to the 8-10 Lakh range. These are sports cars so we have to take into account the quality of fuel. Good fuel maybe available in Big cities but go a bit further and I doubt anyone will find decent grade of fuel. I don't know really. Just my views......
	() Thanks

16th March 2006, 20:08	#7
1Day Senior - BHPian Join Date: Feb 2005 Location: Chicago/Delhi Posts: 1,360 Thanked: 4 Times View My Garage	if you ever want to start something up, i would have 3 guys waiting to jump in with you on this, may be even 4 including myself and 3 other friends who have the will to and some of them may be the means as well.. Also one of these guys is just returning from cardiff and wants the speedrun to come to delhi since he is from delhi and has just put an order for CLS350 and SLK..I dont know much about the speedrun but all i can gather is that it is currently runnig in bbay and blore and he wants to speak with the organizers and bring it to delhi.. I would buy..since i am going to be coming back to india in the next 2-3 years i wouldnt mind spending around 40 to get myself a nice hunk of metal... Last edited by 1Day : 16th March 2006 at 20:10.
	() Thanks

16th March 2006, 20:15	#8
BuRnT RuBbEr BHPian Join Date: May 2005 Location: DL 1 Posts: 367 Thanked: 13 Times	performance machines are not a bad idea. buttttt i would prefer to wait for the car to sell a bit, so that the "backing" being talked about can be judged. Everything from before sales attention to costing of a spare rim nut matters with a car. There are people who care about performance. Develop the trust and see skoda selling like esteem... at the end...i would go for one of them, buttttttt after three to four quarters after the launch...
	() Thanks

16th March 2006, 20:47	#9
devarshi84 Senior - BHPian Join Date: Jun 2005 Location: Ahmedabad - Tor Posts: 4,024 Thanked: 213 Times View My Garage	I am talking about fully backed dealerships with service and warranty my friend. read the first post. ITS JUST SOME IDEA MY FRIEND AND I ARE mulling at. he wants to open a honda dealership but asked me to do something exclusive. i have this idea of importing 2-3 models and also stocking parts for the same. may require some capital but for only 2-3 cars its a bit easy to provide warranty and service and also reduce the MRP in the long term. Just an idea though.
	() Thanks

16th March 2006, 20:53	#10
paharino1 BHPian Join Date: Nov 2004 Location: Hyderabad, India Posts: 299 Thanked: 30 Times	Not too Sure...Where's the Volume for such Cars ? The HNI ( High Net Individuals) is the limited market for such Cars - & they are already been chased by the Merc/BMW & other "luxury" car manufacturers.. Your paid up Capital for setting up such Dealerships would be huge...& ROI would take a long time..
	() Thanks

16th March 2006, 21:31	#11
BuRnT RuBbEr BHPian Join Date: May 2005 Location: DL 1 Posts: 367 Thanked: 13 Times	There is a market for these machines. esp the ones that are well known. like the evo. spoilt racer boyes dont go around in MB'. They mod lancers to look like evo. and throw in some mods. the tuners here will testify that many ppl come around trying to turn a poor lancer into a road burning evo. the
	() Thanks

16th March 2006, 21:34	#12
BuRnT RuBbEr BHPian Join Date: May 2005 Location: DL 1 Posts: 367 Thanked: 13 Times	oops..IE gone crazy.... Last edited by BuRnT RuBbEr : 16th March 2006 at 21:37.
	() Thanks

16th March 2006, 21:35	#13
devarshi84 Senior - BHPian Join Date: Jun 2005 Location: Ahmedabad - Tor Posts: 4,024 Thanked: 213 Times View My Garage	so you say there should also be a performance shop under the dealership? is it a feasible option? or can it be like an authorized performance shop for Indian cars?
	() Thanks

16th March 2006, 21:40	#14
Boom Shiva BANNED Join Date: Feb 2005 Location: Mumbai Posts: 1,044 Thanked: 19 Times	Devarshi, I think there would be a bigger market for used, performance cars that have been imported from abroad, but are available with some kind of backing. Eg. Mitsubishi GTOs, Toyota Supras, Skylines, Mustangs etc. If you can find good, used examples of these cars and import them and sell for 10-15 lakhs AND provide some kind of after sales assurance, I think you can tap a pretty good share of the nascent performance market. Of course, it'll require a lot of work and network-building abroad.
	() Thanks

16th March 2006, 21:42	#15
BuRnT RuBbEr BHPian Join Date: May 2005 Location: DL 1 Posts: 367 Thanked: 13 Times	That shop will cater to around 0.001% of the net car buyers in india, maybe less. It is a good start, will be welcomed by enthusiasts . financially, wont be a very good idea. invest in it only if u have felt at times that a single pedal wasnt enuf in ur car...there should be more more n more. and if u feel attached with others of the same viewpoint
	() Thanks