Success is 99% Inspiration and 1% Perspiration

Newsletter Issue 51
Jul 2017

As someone rightly said, success is 99% inspiration and 1% perspiration. Successful businesses all over the world are driven by leaders who inspire and products and services that lead to inspired living. When businesses strive to inspire, and not just make their ends meet, it is then that they set an example for the rest of the world to follow.

Indian Automobile Industry: An Inspiration to the World

Did you know? The first time that the Indian roads witnessed a vehicle was only in 1897.

In fact, you will be amazed to know about the humble beginnings of the Indian automobile industry. For starters, there was no manufacturing facility for cars till 1930. Vehicles had to be imported from other countries. A decade or so later, Indian companies like Hindustan Motors and Premier started manufacturing cars, but not for their own firms. They supplied contractually to firms from other countries.

The aftermath of independence in 1947 was a scramble of efforts and struggles of the government at that time to put together the skeleton for an independent automobile industry that could manufacture and supply cars on its own. The restrictions set on imports slowed down the industry to a great extent between 50s and 60s.The classic Ambassador model by Hindustan Motors had a monopoly in the market between 60s and 80s, coupled with a slight rise in demand for commercial utility vehicles. Overall, the Indian automobile industry was still largely struggling even at this time.

A new entrant in the 1980s transformed the automobile landscape in India forever. Maruti Udyog Limited entered the market in its full glory and challenged the existing players Hindustan Motors and Premier full on. The truth is, Maruti’s eagerness to serve an underserved market and sharpen its business model to fit the Indian context became a tremendous inspiration for automobile enthusiasts, policy-makers and general consumers alike.

The liberalization of Indian economy in 1991 was a tremendous boost for its automobile sector, just like it was for many other industries as well. The automobile industry was now opened up to foreign car manufacturers, automotive investors, and technology players, to invest, outsource and base operations in India.  In fact, the first joint venture of an Indian company with a foreign one first happened in the automobile sector – the joint venture between Maruti and Suzuki!

Gradually, major global automobile players such as Hyundai and Honda started making inroads in India. Soon, more and more global giants secured foothold in different parts of the country by setting up manufacturing base for parts and auto-components, assembling units and so on.

Today, India is a major automobile destination of the world. The industry is one of the largest in the world and contributes to more than 7% of India’s GDP, while making up nearly 22% of the country’s manufacturing GDP.

India had a total production of 23.96 mn vehicles in April-March 2015, with a growth rate of 2.58% over the same period last year. We are currently the 6th largest automobile market in the world, and are all set to become the world’s third-largest car market by 2020. When it comes to automotive, we are also one of the most competitive across the globe. While we do not have 100% of technology or components required to manufacture a car on our own, we are nearly there at 97 per cent.

The transformation of Indian automobile industry over a period of little more than a century has been an amazing journey and an inspiration to the rest of the world, especially the other developing third world economies. The automotive aftermarket in India is largely dominated by Small and Medium Enterprises (SMEs) who have also grown by leaps and bounds in count and in technology during the last few decades. It is one of the fastest growing segments in the automobile sector, and holds great potential for India’s economy and transport solutions.

It has been an exciting roller-coaster ride so far for one of India’s booming industries, and the road ahead seems to be getting more exciting with the global race for cost-leadership and launching environment-friendly vehicles such as electric cars. It is now to be seen how we fare in the new age automobile adventure and draw inspiration from our eventful history.

References:

http://www.motorindiaonline.in/aftermarket/indian-auto-aftermarket-challenges-ahead-opportunities-inherent/

http://businessworld.in/article/Make-In-India-Automobiles/20-03-2017-114749/

https://en.wikipedia.org/wiki/Automotive_industry_in_India

https://www.ibef.org/industry/india-automobiles.aspx

https://www.cartrade.com/car-bike-news/a-brief-history-of-the-indian-automobile-industry-122518.html

Event – VCCircle

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Team Member Message – Jinansh

Inspiration is all around you, all you need to do is find it as it helps us overcome our own limitations. In my journey with Indiabizforsale my team’s creativity, innovation and growth has constantly inspired me to do more and overcome my limitations.

Want to Buy a Business in India? Look no Further

If you have been typing ‘I want to buy a business in India’ in the search box of online search engines for a while now – you are not alone. However, legitimate information, let alone practical information, on buying a business in India are not easily found. Dedicated platforms are even rarer. We at IndiaBizforSale.com are exactly that – a dedicated online platform for buying and selling of businesses in India – and much more! Add to it the fact that over the last 4 years, we have closed over 19 business buying and selling transactions. This leaves us in a favourable position to address your doubts and queries about buying a business in India. Continue reading “Want to Buy a Business in India? Look no Further”

An Analysis – Demonetisation of INR 500 and INR 1000 Currency Notes

Prime Minister Narendra Modi, through an address to the nation, declared banning of INR 500 and INR 1000 currency notes from midnight of 8th November, 2016. This announcement is the consequences of government accepting RBI recommendation to ban these currency notes, and introduce newer, supposedly more secured currency notes. The reasons suggested behind this sudden and unprecedented action was to fight corruption, black money, and terrorism financing. However, the mainstream economy operating on electronic transactions, cheques, debit cards, internet banking, cash, demand draft transactions, e-transactions on account of business firms, companies and individuals will continue.
 
currency
 

Continue reading “An Analysis – Demonetisation of INR 500 and INR 1000 Currency Notes”

Change is the Only Constant

Newsletter Issue 42
October 2016

diwali

Change is the only Constant in Life and we are changing too 
  1. To ensure that you get the maximum benefit for all your business Mergers & Acquisitions, Investment and Partnership activities.
  2. To support you for your end-to-end Business transactions.
  3. To fulfil our promise of helping you get connected with your best match. 

And now, instead of meeting you only once every month, we will now meet you thrice. Twice with our featured business proposals & Once with insightful information for your business and industry. Continue reading “Change is the Only Constant”

We Are Growing, Are You With Us?

Newsletter Issue 38
June 2016

Happy Monsoon!

During the month of June, we have expanded our Client Success team & Tech team to further support the increased interest from our users. We have also launched new services like Business Verification and Business Valuation.

Above all, we have yet another business transaction closed in June. This time, the business sold was a packaged drinking water plant in Delhi (asking price range INR 5Cr-10Cr); the business found a buyer from Delhi, deal done in 3 months from the introduction.   Continue reading “We Are Growing, Are You With Us?”

Hack: How to Choose Smart Business Broker for Selling Your Business

Small and medium enterprises (SMEs) have been the backbone of the Indian economy. According to the reports by the SMB Chamber of Commerce and the Ministry of MSMEs, India had more than 48 million SMEs in mid-2014. The ratio is growing at a stable pace of 4.5% in the last 5 years. As much is the escalation in the number of new businesses, there is a rise in the number of people exiting from their businesses. On an average every 3 years people shift businesses.

Continue reading “Hack: How to Choose Smart Business Broker for Selling Your Business”

New Partnership Program Launch

Newsletter Issue 37
May 2016

In past couple of weeks, we have quietly launched our new service, on-demand Valuation Report for a going concern business. Valuation is a very important aspect during any type of Business Exit, Acquisition, Investment or JV partnership Opportunities. Please check the Business Valuation section on the homepage.

In the last few years, we have worked with the number of advisory firms and now we have launched an official partner’s program , it is invitation only at this point in time. We have some of the best business opportunities from small to medium sized businesses in India and we want to provide other services such as transaction advisory, due diligence, legal contracting etc via officialpartner(s) network. Our official partner selection is based on the past successes, current capacities, domain expertise, location, timely delivery, and of course feedback from our clients. We will contact you with the invitation to join and request information. Continue reading “New Partnership Program Launch”

Onwards and Upwards: More Business Opportunities

NEWSLETTER ISSUE 32

BizNews: Your Monthly Refresher for Buying and Selling of Business in India

Turning 3 – IndiaBizForSale.com !!!

We are super excited to announce that we are only few days away to turning 3 as a company. For many, it is a milestone to prove that the company is here to stay.

In this year, we have grown to a team of 9; moved to working space at CIIE incubation by IIM Ahmedabad; passed through accelerator program Gujarat Accelerator in flying colours; established tie-up with ClickIndia.com for more visibility to our listing owners; exhibited and participated in Vibrant Gujarat and many more exciting activities.

Continue reading “Onwards and Upwards: More Business Opportunities”