With the thriving economy of India, the
way of living of people has improved a lot. People now do not
compromise with their comfort. Each household owns at least one car
today. With the ease in availability of loans, buying a car is not
difficult. Though keeping it may be quite troublesome as it requires
proper maintenance and nowadays people don't mind spending bucks on
beautifying it. And this is why automotive industry is growing very
fast and a large no. of market players are planning for expansion.
However, entry via franchised business makes this auto-industry more
reliable and organized.
Factors which are accelerating the
growth of the Automobile Sector:
For fulfilling the
gap in the market and to provide the client in every nook of the
nation, well- recognized brands have opted the franchise business
route for aspirants. Have a look on the major growth factors:
- Easy Financing
Purchasing a car
is not painful task anymore due to the easy accessibility of car
loans and it is a major factor for the growth of car service sector.
- Dependency and Maintenance
Masses today are
wholly dependent on car for traveling on a frequent basis. People
invest their money in cars and hence require time to time maintenance
as well.
- Special Equipments
Expensive car need
special equipments which may not be available at local car centers.
And hence, these branded car centers act as a one-stop-shop for many
auto-needs of customers.
Why Franchising Route?
The current size
of automobile business is close to 2.2 million vehicles per year.
Foreseeing the growing need many new players are looking to embrace
this segment via franchising. Many young entrepreneurs are interested
in this business concept and are willing to take it for good
clientele and return. The reasons of taking automotive franchise
are many as it is well-established business offering a brand name and
also it doesn't require a huge amount to invest for setting up.
- Carnation
- Castrol
- Pureshield
- Express Car Wash
- Mahindra First Choice Services Ltd.
To conclude,
automotive industry is a very alluring opportunity for those
aspirants who want to step into automobile arena. However at the
start you have to face a lot of challenges but that can be dealt by
acting wisely and showing professionalism so as to make your client
permanent.
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