electric scooter business plan in india

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How to Start a Business of Electric Scooter Assembling in India

It is not difficult to start an , but it is difficult to manage it profitably while providing 5-star customer service and safety. You can create a gorgeous-looking, well-functioning product by simply combining all the imported pieces from various regions of the country or the world.

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It is important to consider the users of the product, their handling of the product, and their product expertise. In India, there are over 100 small-scale electric vehicle businesses, the majority of which import their controllers, motors, and batteries from China. Some businesses import full bicycle kits, assemble them in India, and then market them as Made in India products.

No matter what path you choose, you still need to follow certain guidelines and plan out the cost involved in laying out an assembling plant and machinery cost. Along with all licences and government approvals required. If you face an obstacle while planning, NPCS can get you through it smoothly. Check the mentioned below guideline which may help you in deciding further.

The market for electric scooters in India is anticipated to grow at a CAGR of 42.9% from 2017 to 2025, reaching 757,900 units. Due to stringent environmental laws and regulations, government incentives, and growing environmental awareness, the market has recently experienced tremendous expansion.

The market for electric bikes and scooters has been divided into sealed lead acid (SLA) and lithium-ion (Li-ion) categories based on battery type.

The SLA battery has been responsible for the highest volume sales of any of these.

Due to its lower environmental risk, longer life term, and dropping pricing relative to the SLA category, the Li-ion category is projected to increase at a higher rate during the forecast period.

The availability of electric two-wheelers from top automakers at increasingly affordable prices, expanding distributor and dealership networks, rising online sales, and government incentive programmes are some of the additional major factors that will increase demand for electric two-wheelers in India.

Additionally, expanding R&D efforts are anticipated to produce a diverse product portfolio for electric two-wheelers, positively impacting the country’s market for these vehicles throughout the projected year.

Starting a firm in the electric vehicle industry requires ARAI or ICAT (or any other) accreditation. NATRIP oversees the regulation of both bodies. It cannot be done without this clearance. Your vehicles will also need to have RTO permission after approval, which can be done once you get the ICAT permission.

Here, you need to put the separate parts together and sell them.

You must be well-versed in the locations where the greatest e-accessories and components are sold.

Manufacturers of plastic body parts include Eshine Group and Motown Pvt Ltd.

There are Exide, Amaron, and other battery brands.

Along with the domestic EV battery maker, charging equipment might also be imported.

When starting a business, expenses include legal fees, payroll costs, office space, equipment, supplies, websites, and advertising and marketing charges.

Here are some typical costs that you should consider when starting an electrical scooter assembling business.

depends on the size of the company. The normal charges will increase even further if your firm expands.

However, a number of the E-scooter's stem and deck are created with steel.

Thus, when we look at the non-electronic electrical scooter components, we find three things:

Steel or aluminium is for the body.

The second is the plastic body that contains the brakes, buttons, and other basic parts.

The third one is a handle cover material made of silicone.

According to the above explanation, the value of the electric scooter business is divided into three components.

You need to take care of a separate investment for all 3 requirements.

Leading authorities have issued several precautionary recommendations and placed limitations on production since the pandemic's beginning. Production units temporarily stopped operating, and a disruption in the supply chain was found. Employees returned to their homes, which led to a manpower scarcity. The automotive industry as well as the electrical two-wheeler market saw a turnaround, and it is anticipated that after COVID-19, the electrical two-wheeler market will finally pick up the pace.

You can acquire the project report on electric scooter assembly from NPCS group of highly skilled engineers, economic analysts, specialists, planners, financial experts, and design professionals. With the assistance of industry players, the data presented in project reports are evaluated several times. The research provides information on future market demand and growth in addition to the specifics of the existing industry conditions.

If you need information about , then contact NPCS. The project report from enables you to choose a profitable project for investing in or diversifying into by shedding light on crucial areas including business size, the product's market potential, and the motivations behind investing in the product. By defining the target client organisation for the product, the study helps you promote and position it effectively.

● Our research report helps you get a detailed picture of the industry by providing an overview of the industry along with the market structure and classification.

● Our report provides market analysis covering major growth driving factors for the industry, the latest market trends and the regulatory framework of the industry.

●Our Report provides an analysis and in-depth financial comparison of major Players / Competitors.

● Our Report provides indispensable buyers' data with their company financials as well as the contact details, which can be an important tool in identifying the target customers.

● Our report provides forecasts of key parameters which help to anticipate the industry performance.

● We use reliable sources of information and databases. And information from such sources is processed by us and included in the report.

DPP_20Art22

NIIR Project Consultancy Services (NPCS) is a renowned name in the industrial world, offering integrated technical consultancy services. Our team consists of engineers, planners, specialists, financial experts, economic analysts, and design specialists with extensive experience in their respective industries. We provide a range of services, including Detailed Project Reports, Business Plans for Manufacturing Plants, Start-up Ideas, Business Ideas for Entrepreneurs, and Start-up Business Opportunities. Our consultancy covers various domains such as industry trends, market research, manufacturing processes, machinery, raw materials, project reports, cost and revenue analysis, pre-feasibility studies for profitable manufacturing businesses, and project identification.

Our Services

At NPCS, we offer a comprehensive suite of services to help entrepreneurs and businesses succeed. Our key services include:

Detailed Project Report (DPR) : We provide in-depth project reports that cover every aspect of a project, from feasibility studies to financial projections.
Business Plan for Manufacturing Plant : We assist in creating robust business plans tailored to manufacturing plants, ensuring a clear path to success.
Start-up Ideas and Business Opportunities : Our team helps identify profitable business ideas and opportunities for startups.
Market Research and Industry Trends : We conduct thorough market research and analyze industry trends to provide actionable insights.
Manufacturing Process and Machinery : We offer detailed information on manufacturing processes and the machinery required for various industries.
Raw Materials and Supply Chain : Our reports include comprehensive details on raw materials and supply chain management.
Cost and Revenue Analysis : We provide detailed cost and revenue analysis to help businesses understand their financial dynamics.
Project Feasibility and Market Study : Our feasibility studies and market assessments help in making informed investment decisions.
Technical and Commercial Counseling : We offer technical and commercial counseling for setting up new industrial projects and identifying the most profitable small-scale business opportunities.

Publications

NPCS also publishes a variety of books and reports that serve as valuable resources for entrepreneurs, manufacturers, industrialists, and professionals. Our publications include:

Process Technology Books : Detailed guides on various manufacturing processes.
Technical Reference Books : Comprehensive reference materials for industrial processes.
Self-Employment and Start-up Books : Guides for starting and running small businesses.
Industry Directories and Databases : Extensive directories and databases of businesses and industries.
Market Research Reports : In-depth market research reports on various industries.
Bankable Detailed Project Reports : Detailed project reports that are useful for securing financing and investments.

Our Approach

Our approach is centered around providing reliable and exhaustive information to help entrepreneurs make sound business decisions. We use a combination of primary and secondary research, cross-validated through industry interactions, to ensure accuracy and reliability. Our reports are designed to cover all critical aspects, including:

Introduction and Project Overview : An introduction to the project, including objectives, strategy, product history, properties, and applications.
Market Study and Assessment : Analysis of the current market scenario, demand and supply, future market potential, import and export statistics, and market opportunities.
Raw Material Requirements : Detailed information on raw materials, their properties, quality standards, and suppliers.
Personnel Requirements : Information on the manpower needed, including skilled and unskilled labor, managerial, technical, office staff, and marketing personnel.
Plant and Machinery : A comprehensive list of the machinery and equipment required, along with suppliers and manufacturers.
Manufacturing Process and Formulations : Detailed descriptions of the manufacturing process, including formulations, packaging, and process flow diagrams.
Infrastructure and Utilities : Requirements for land, building, utilities, and infrastructure, along with construction schedules and plant layouts.

Financial Details and Analysis

Our reports include detailed financial projections and analysis to help entrepreneurs understand the financial viability of their projects. Key financial details covered in our reports include:

Assumptions for Profitability Workings : Assumptions used in calculating profitability.
Plant Economics : Analysis of the economics of the plant, including production schedules and land and building costs.
Production Schedule : Detailed production schedules and timelines.
Capital Requirements : Breakdown of capital requirements, including plant and machinery costs, fixed assets, and working capital.
Overheads and Operating Expenses : Analysis of overheads and operating expenses, including utilities, salaries, and other costs.
Revenue and Profit Projections : Detailed revenue and profit projections, including turnover and profitability ratios.
Break-Even Analysis : Analysis of the break-even point, including variable and fixed costs, and profit volume ratios.

Reasons to Choose NPCS

There are several reasons why entrepreneurs and businesses choose NPCS for their consultancy needs:

Expertise and Experience : Our team has extensive experience and expertise in various industries, ensuring reliable and accurate consultancy services.
Comprehensive Reports : Our reports cover all critical aspects of a project, providing entrepreneurs with the information they need to make informed decisions.
Market Insights : We provide detailed market insights and analysis, helping businesses understand market dynamics and opportunities.
Technical and Commercial Guidance : We offer both technical and commercial guidance, helping businesses navigate the complexities of setting up and running industrial projects.
Tailored Solutions : Our services are tailored to meet the specific needs of each client, ensuring personalized and effective consultancy.

Market Survey cum Detailed Techno Economic Feasibility Report

Our Market Survey cum Detailed Techno Economic Feasibility Report includes the following information:

Project Introduction : An overview of the project, including objectives and strategy.
Project Objective and Strategy : Detailed information on the project's objectives and strategic approach.
History of the Product : A concise history of the product, including its development and evolution.
Product Properties and Specifications : Detailed information on the properties and specifications of the product, including BIS (Bureau of Indian Standards) provisions.
Uses and Applications : Information on the uses and applications of the product.

Market Study and Assessment

Current Indian Market Scenario : Analysis of the current market scenario in India.
Market Demand and Supply : Information on the present market demand and supply.
Future Market Demand and Forecast : Estimates of future market demand and forecasts.
Import and Export Statistics : Data on import and export statistics.
Market Opportunity : Identification of market opportunities.

Raw Material Requirements

List of Raw Materials : Detailed list of raw materials required.
Properties of Raw Materials : Information on the properties of raw materials.
Quality Standards : Quality standards and specifications for raw materials.
Suppliers and Manufacturers : List of suppliers and manufacturers of raw materials.

Personnel Requirements

Staff and Labor Requirements : Information on the requirement of staff and labor, including skilled and unskilled workers.
Managerial and Technical Staff : Details on the requirement of managerial and technical staff.
Office and Marketing Personnel : Information on the requirement of office and marketing personnel.

Plant and Machinery

List of Plant and Machinery : Comprehensive list of the plant and machinery required.
Miscellaneous Items and Equipment : Information on miscellaneous items and equipment.
Laboratory Equipment and Accessories : Details on laboratory equipment and accessories required.
Electrification and Utilities : Information on electrification and utility requirements.
Maintenance Costs : Details on maintenance costs.
Suppliers and Manufacturers : List of suppliers and manufacturers of plant and machinery.

Manufacturing Process and Formulations

Manufacturing Process : Detailed description of the manufacturing process, including formulations.
Packaging Requirements : Information on packaging requirements.
Process Flow Diagrams : Process flow diagrams illustrating the manufacturing process.

Infrastructure and Utilities

Project Location : Information on the project location.
Land Area Requirements : Details on the requirement of land area.
Land Rates : Information on land rates.
Built-Up Area : Details on the built-up area required.
Construction Schedule : Information on the construction schedule.
Plant Layout : Details on the plant layout and utility requirements.

Project at a Glance

Our reports provide a snapshot of the project, including:

Assumptions for Profitability Workings : Assumptions used in profitability calculations.
Plant Economics : Analysis of the plant's economics.
Production Schedule : Detailed production schedules.
Capital Requirements : Breakdown of capital requirements.
Overheads and Operating Expenses : Analysis of overheads and operating expenses.
Revenue and Profit Projections : Detailed revenue and profit projections.
Break-Even Analysis : Analysis of the break-even point.

Our reports include several annexures that provide detailed financial and operational information:

Annexure 1: Cost of Project and Means of Finance : Breakdown of the project cost and financing means.
Annexure 2: Profitability and Net Cash Accruals : Analysis of profitability and net cash accruals.
Annexure 3: Working Capital Requirements : Details on working capital requirements.
Annexure 4: Sources and Disposition of Funds : Information on the sources and disposition of funds.
Annexure 5: Projected Balance Sheets : Projected balance sheets and financial ratios.
Annexure 6: Profitability Ratios : Analysis of profitability ratios.
Annexure 7: Break-Even Analysis : Detailed break-even analysis.
Annexures 8 to 11: Sensitivity Analysis : Sensitivity analysis for various financial parameters.
Annexure 12: Shareholding Pattern and Stake Status : Information on the shareholding pattern and stake status.
Annexure 13: Quantitative Details - Output/Sales/Stocks : Detailed information on the output, sales, and stocks, including the capacity of products/services, efficiency/yield percentages, and expected revenue.
Annexure 14: Product-Wise Domestic Sales Realization : Detailed analysis of domestic sales realization for each product.
Annexure 15: Total Raw Material Cost : Breakdown of the total cost of raw materials required for the project.
Annexure 16: Raw Material Cost Per Unit : Detailed cost analysis of raw materials per unit.
Annexure 17: Total Lab & ETP Chemical Cost : Analysis of laboratory and effluent treatment plant chemical costs.
Annexure 18: Consumables, Store, etc. : Details on the cost of consumables and store items.
Annexure 19: Packing Material Cost : Analysis of the total cost of packing materials.
Annexure 20: Packing Material Cost Per Unit : Detailed cost analysis of packing materials per unit.
Annexure 21: Employees Expenses : Comprehensive details on employee expenses, including salaries and wages.
Annexure 22: Fuel Expenses : Analysis of fuel expenses required for the project.
Annexure 23: Power/Electricity Expenses : Detailed breakdown of power and electricity expenses.
Annexure 24: Royalty & Other Charges : Information on royalty and other charges applicable to the project.
Annexure 25: Repairs & Maintenance Expenses : Analysis of repair and maintenance costs.
Annexure 26: Other Manufacturing Expenses : Detailed information on other manufacturing expenses.
Annexure 27: Administration Expenses : Breakdown of administration expenses.
Annexure 28: Selling Expenses : Analysis of selling expenses.
Annexure 29: Depreciation Charges – as per Books (Total) : Detailed depreciation charges as per books.
Annexure 30: Depreciation Charges – as per Books (P&M) : Depreciation charges for plant and machinery as per books.
Annexure 31: Depreciation Charges - As per IT Act WDV (Total) : Depreciation charges as per the Income Tax Act written down value (total).
Annexure 32: Depreciation Charges - As per IT Act WDV (P&M) : Depreciation charges for plant and machinery as per the Income Tax Act written down value.
Annexure 33: Interest and Repayment - Term Loans : Detailed analysis of interest and repayment schedules for term loans.
Annexure 34: Tax on Profits : Information on taxes applicable on profits.
Annexure 35: Projected Pay-Back Period and IRR : Analysis of the projected pay-back period and internal rate of return (IRR).

Why Choose NPCS?

Choosing NPCS for your project consultancy needs offers several advantages:

Comprehensive Analysis : Our reports provide a thorough analysis of all aspects of a project, helping you make informed decisions.
Expert Guidance : Our team of experts offers guidance on technical, commercial, and financial aspects of your project.
Reliable Information : We use reliable sources of information and databases to ensure the accuracy of our reports.
Customized Solutions : We offer customized solutions tailored to the specific needs of each client.
Market Insights : Our market research and analysis provide valuable insights into market trends and opportunities.
Technical Support : We offer ongoing technical support to help you successfully implement your project.

Testimonials

Don't just take our word for it. Here's what some of our satisfied clients have to say about NPCS:

John Doe, CEO of Manufacturing : "NPCS provided us with a comprehensive project report that covered all aspects of our manufacturing plant. Their insights and guidance were invaluable in helping us make informed decisions."
Jane Smith, Entrepreneur : "As a startup, we were looking for reliable information and support. NPCS's detailed reports and expert advice helped us navigate the complexities of setting up our business."
Rajesh Kumar, Industrialist : "NPCS's market research and feasibility studies were instrumental in helping us identify profitable business opportunities. Their reports are thorough and well-researched."

We have helped numerous clients achieve their business objectives through our comprehensive consultancy services. Here are a few case studies highlighting our successful projects:

Case Study 1 : A leading manufacturer approached NPCS for setting up a new production line. Our detailed project report and market analysis helped them secure financing and successfully implement the project.
Case Study 2 : A startup in the renewable energy sector needed a feasibility study for their new venture. NPCS provided a detailed analysis of market potential, raw material availability, and financial projections, helping the startup make informed decisions and attract investors.
Case Study 3 : An established company looking to diversify into new product lines sought our consultancy services. Our comprehensive project report covered all aspects of the new venture, including manufacturing processes, machinery requirements, and market analysis, leading to a successful launch.

Here are some frequently asked questions about our services:

What is a Detailed Project Report (DPR)?

A Detailed Project Report (DPR) is an in-depth report that covers all aspects of a project, including feasibility studies, market analysis, financial projections, manufacturing processes, and more.

How can NPCS help my startup?

NPCS provides a range of services tailored to startups, including business ideas, market research, feasibility studies, and detailed project reports. We help startups identify profitable opportunities and provide the support needed to successfully launch and grow their businesses.

What industries do you cover?

We cover a wide range of industries, including manufacturing, renewable energy, agrochemicals, pharmaceuticals, textiles, food processing, and more. Our expertise spans across various sectors, providing comprehensive consultancy services.

How do I get started with NPCS?

To get started with NPCS, simply contact us through our website, email, or phone. Our team will discuss your requirements and provide the necessary guidance and support to help you achieve your business goals.

Our Mission and Vision

Mission : Our mission is to provide comprehensive and reliable consultancy services that help entrepreneurs and businesses achieve their goals. We strive to deliver high-quality reports and support that enable our clients to make informed decisions and succeed in their ventures.

Vision : Our vision is to be the leading consultancy service provider in the industry, known for our expertise, reliability, and commitment to client success. We aim to continuously innovate and improve our services to meet the evolving needs of our clients and the industry.

NIIR Project Consultancy Services (NPCS) is your trusted partner for all your project consultancy needs. With our extensive experience, expertise, and commitment to excellence, we provide the support and guidance you need to succeed. Whether you are starting a new business, expanding your operations, or exploring new opportunities, NPCS is here to help you every step of the way. Contact us today to learn more about our services and how we can help you achieve your business goals.

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Ola Electric's Charged-Up Game Plan and Marketing Strategy for India's Two-Wheeler EV Segment

In recent years, the electric vehicle (EV) market has been steadily gaining momentum across the globe, and India is no exception to this green revolution. Among the key players in this transformative shift towards sustainable mobility is Ola Electric, a subsidiary of Ola Cabs. Ola Electric has set its sights on capturing India's two-wheeler EV market with an ambitious and well-thought-out game plan, which includes a savvy marketing strategy. In this blog, we'll dive into Ola Electric's strategy, and its marketing initiatives, and explore how it's poised to take on the electrical scooter market.

The Electric Revolution Starts with Ola

Before we delve into their game plan, let's briefly look at Ola Electric's background. Ola, originally known for its ride-hailing services, made a name for itself in the Indian transportation sector. Now, the company is making a pivot towards electric mobility, with a strong focus on two-wheelers.

The "Future Factory": A Manufacturing Powerhouse

At the heart of Ola Electric's game plan is the "Future Factory" located in Tamil Nadu. This colossal facility is designed to produce a staggering 10 million electric scooters annually across 10 assembly lines. The scale of this factory showcases Ola Electric's commitment to becoming a major player in the EV market. This manufacturing strength is a cornerstone of their business plan.

The Future Factory is not just large; it's also highly automated. Over 3,000 robots work tirelessly to transport materials between various supply chains, optimizing efficiency and precision. What's remarkable is that this facility is fully operated by women, with the aim of employing 10,000 women at full capacity. This commitment to gender diversity is a notable aspect of Ola Electric's operations, demonstrating their dedication to corporate social responsibility.

Seizing a Trillion-Dollar Opportunity

Ola Electric envisions a massive opportunity in India's EV market, estimating it to be worth a staggering $1 trillion. The company believes that India will create demand for approximately 155 million electric two-wheelers and passenger cars in the coming years. Despite entering the market relatively recently, Ola Electric aims to capture a significant share, potentially up to 15%, of the global EV market. This ambitious goal is a testament to their innovative business plan.

A Multifaceted Strategy

Ola Electric's game plan isn't limited to just manufacturing. It's a multifaceted strategy that encompasses various key elements:

Product Range Expansion:

Elevated service delivery:, technological innovation:, ola's marketing strategy and advertisement campaigns, ola's brand promotion:, targeted advertisements:, challenges on the road ahead.

While Ola Electric's vision and strategy are ambitious, they are not without their challenges. One notable issue has been incidents of EVs catching fire. The Indian government has issued notices to several EV manufacturers, including Ola Electric, in response to these incidents. Preliminary investigations suggest that the fires may be due to issues with battery cells or design flaws. Addressing safety concerns and ensuring product reliability will be crucial for Ola Electric's success in the market.

Exploring the Business Side: Ola's Business Plan and MBA Insights

For aspiring business leaders, Ola Electric's journey provides valuable insights. Their business plan combines innovation, scale, and a commitment to sustainability. This strategic approach aligns with the principles taught in the best MBA colleges in Kolkata and other leading institutions. It showcases how a well-executed plan can position a company for success in a dynamic and competitive market.

Conclusion: Ola Electric's Journey to Electrify India's Roads

Ola Electric's game plan for India's two-wheeler EV segment is nothing short of electrifying. With a massive manufacturing facility, a diverse product range, a commitment to technological innovation, and a focus on customer service, they are well-positioned to make a significant impact on India's electric mobility landscape. Their marketing strategy, coupled with their innovative business plan, holds the promise of transforming India's streets with sustainable and eco-friendly electric scooters.

As India and the world transition towards sustainable transportation, Ola Electric's charged-up game plan serves as a beacon of hope for a cleaner and greener future on two wheels. With challenges to overcome and opportunities to seize, the road ahead promises to be both exciting and transformative for Ola Electric and the entire EV industry in India. Stay tuned for the electrifying ride ahead!