Profitable Automotive Accessories Business Investment Opportunity in Rourkela, India

Manufacturer of side-view mirrors for heavy commercial vehicles. We produce parts only for Ashok Leyland and Tata Motors vehicles. These are sold in the aftermarket through our sister concern. Our monthly sales fluctuate as per market orders. The mirrors are manufactured by us in our owned production unit in Bisra, Odisha.

Highlights of the production:

• 300 pieces of complete mirrors can be prepared with 8 hours of work by 3 employees.

• We can run 24 hours in 3 shifts and easily make 800 pcs complete mirrors daily.

• As of now monthly we manufacture (250 pcs x 26 days = 6,500 pc approx)

• We can make 20,000 pcs approx monthly after investment.

Some details of the sister concern through which the products are sold.

• 5 employees for sales.

Distribution in 21 districts of Odisha state with around 550 retailers in the last 13 years.

The founder has experience of 15 years in the automobile line.

Manufacturing 6 types of side view mirrors for trucks & buses.

Other than mirrors we trade other accessories (through our sister concern) of vehicles:

1. Tail lamp assemblies.

2. Headlight assemblies.

3. Headlight bulbs.

4. Mirror frames.

5. LED lights.

6. Horns.

7. Electrical wires.

8. Indicators.

Tangible assets:

- Owned land and building worth INR 40 lakh.

- Production machinery worth INR 40 lakh.

Owned facility of 1,308 square feet built-up area in Bisra, single floor.

- Bootstrapped company.

- Loans of around INR 50 lakh including term loan & cash credit from the State Bank of India, Bank of Maharashtra & Bajaj Finance.