Trade License for Sale in Tiruppur, India

- This is the sale of a non-operational company with the main asset being the license and certificate for manufacturing of E-rickshaws.
- There are no existing operations hence no revenue figures are given.
- Buyer will get the Certificate of Production (COP) license from the Automotive Research Association of India (ARAI) for the manufacturing of E Rickshaws, making it an attractive investment opportunity in the automobile manufacturing industry.
- The COP license, acquired at a significant cost of nearly 30 lakhs, is now being offered for sale, providing potential investors with the opportunity to enter the lucrative E Rickshaw market without an expensive process of around INR 40 lakh.
- License grants the holder the authority to manufacture and sell E Rickshaws.
- The sale also includes the mileage certificate for the E Rickshaw that the company manufactured.
- Buyer can avoid the complicated and time-consuming approval process which takes about 1.5 years, and is limited to only two locations in India.
- The company, which has successfully operated a factory spanning 15,000 sq ft, has ceased its manufacturing operations and sold the complete facility and machinery due to its focus on another industry.
- Now it is focusing on selling its license, offering a clean transaction with no remaining assets or liabilities.
- Owners are also prepared to provide knowledge transfer, including insights into production techniques, machinery requirements, and connections to potential customers and dealers.
- The buyer would have to run the business under the same company name in order to make use of the license.