TWO WHEELER REPAIRING SERVICE PROJECT REPORT

India is the second highest populated country in the world with little infrastructure to support daily commuters to travel from one place to the other. Since, public infrastructure is not enough and also not so convenient, Two Wheelers are the preferred mode of transportation for millions of Indians. Two Wheelers are easier to drive and are very convenient that made the gearless scooters astoundingly popular among college-going girls and working women. Therefore, many state governments too has introduced schemes of presenting Scooters to meritorious girl students to help in their convenience for travelling besides inspiring many more to take up studies seriously. Moreover, to resolve the issue of regular road congestion among the daily commuters, many ride sharing service providers have come up with the two-wheeler taxi services, which are convenient for travelling short distances and are increasingly being used by the daily commuters nowadays to reduce their travel time.

With such increase in the number of Two Wheelers (around 22 Crores in India) in the market every passing day, services of Two-wheeler service stations are highly in demand as vehicles need periodic servicing in order to keep them in good working condition. This makes setting up of a Two-Sheeler Service Station business a lucrative business opportunity for budding entrepreneurs. With the essential nature of services, the owner of vehicles around a specific location looks for a good service centre. Therefore, there will be increasing demand for such services in all the urban as well as rural areas. One can work independently or get associated with some of the leading service provider brands to build more credibility. The promoter can offer host of services including pickup and drop facility of the Two-wheelers from client’s home to service centre. This will result in hassle free experience for the clients and they will be happy with this service. No one wants to spend their weekends for this kind of works, that’s why this pickup/drop facility will generate more customers to the service centre.

The Indian 2-wheeler market has grown 18-fold in the last 3 decades. Experts believe that an increased demand in urban & semi-urban areas, utility, low maintenance, fuel efficiency and a relatively low cost of ownership apart from rising fuel prices are some of the leading factors propelling the growth of the market in India. Since the unlocking of economy after the Covid-19 pandemic, demand for two-wheelers especially, that of entry level two wheelers have risen as consumers preferred personal mobility. The trend was more evident in rural centres despite limited impact of Covid-19 in such areas and the similar trend will boost the sales and services at least in near future as they are the cheapest mode of personal transport available.

A Project Report is not only essential for obtaining financial assistance from Bank/ Financial Institution/Funding Agency but also the most important document either to participate in the development schemes of MSME Sector/ Department of Industries or in completing various time consuming government formalities connected with planning and commercial operation of the proposed business project.

This Detail Project Report (DPR)/ Business Plan has been developed in a well-structured PDF Format (Easy to Download, Convert into MS WORD through www.pdftoword.com, Edit for Personalised Customisation and Finally Printing the Report) to be presented as a Ready Project Proposal immediately thereby saving precious time of the promoter in the process of completing requisite formalities in anticipation of setting up the business project. Accordingly, following Project Templates has been deliberately left blank in order to facilitate customisation by the perspective entrepreneurs based on personal requirements and furnish necessary information on actual basis.

§ Project at a Glance                                     :             To be Filled Up as per Personal Requirements.

[Total Capital Expenditure, Working Capital, Estimated Cost of the Project, Amount of Bank Loan, Amount of Equity Capital and Amount of applicable Margin Money Subsidy – (Urban/Rural /General Category/ Special Category)].

§ General Information and Location          :             To be Furnished in the Blank Space.

[Name of the Unit/Firm, Address of the Proposed Project Location, Size of the Space Available and Occupancy under Ownership/Lease Agreement].

§ Promoter’s Background                            :             To be Furnished in the Blank Space.

[Name of the Promoter, Age, Communication Address, Educational Qualification, Work Experience and Special Training Attended, if Any].

The Project Report/ Business Plan so presented include all the important aspects containing the following details;

CONTENTS

1.    The Project at a Glance

2.    Highlights of the Project

3.    Project Introduction

4.    The Project Proposal

5.    Prospect for Investment

6.    Potential Target Customers/Market

7.    Market Entry Strategy

8.    Critical Success Factors

9.    Process Details and Technical Aspects

10.  Installed and Operational Capacity

11.  Quality and Standards

12.  Raw Materials and Consumables

13.  Power and Utility

14.  Tentative Implementation Schedule

15.  Basis & Presumptions

16.  Capital Investment Estimates with Detail Project Economics

17.  Computation of Working Capital Requirement

18.  Estimated Total Project Investment

19.  Proposed Means of Project Financing

20.  Estimated Annual Sales Turnover

21.  Projected Profitability Statement

22.  Calculation of Interest Amount

23.  Depreciation Schedule

24.  Term Loan Repayment Schedule

25.  Debt Service Coverage Ratio

26.  Break-Even Analysis

27.  Projected Cash Flow Statement

28.  Projected Balance Sheet

29.  Internal Rate Return

30.  Pay Back Period

The presentation also supplements with important facts and useful information covering the areas as indicated below;

1.    Statutory Permits and Business Licenses Required for the Project

2.    Important Steps to Start the Project and

3.    Tips to Identify Suitable Project Location.

LIST OF ENCLOSURES

ENCLOSURE-1: E-BOOK ON SCHEMES FOR MSMEs, MINISTRY OF MSME, GOVT. OF INDIA.

ENCLOSURE-2: SALIENT FEATURES OF MUDRA LOAN SCHEME, MINISTRY OF MSME, GOVT. OF INDIA.

ENCLOSURE-3: FAQ ON MUDRA LOAN SCHEME.

ENCLOSURE-4: BRIEF ABOUT PSB LOANS IN 59 MINUTES SCHEME.

ENCLOSURE-5: FAQ ON PSB LOANS IN 59 MINUTES SCHEME.

Thus the information provided would help in identifying in advance the infrastructure/resources required for the Project and approach the concerned government agencies accordingly. Hence, it becomes a complete document for further action towards realising the dream of becoming an entrepreneur.