CNG Retrofit & Fitment Service Raising Funds In Vellore
About Business
CNG retrofit service for petrol cars is being offered for four-wheelers, where existing petrol vehicles are converted to CNG systems to improve fuel efficiency and running cost.
The work mainly involves certified conversion of petrol cars into CNG-fitted vehicles. It is a regulated activity carried out under proper licensing, focusing on safety standards and approved installation methods.
Operations
So far, more than 350 vehicle conversions have already been completed. The service is currently focused only on passenger four-wheelers, and each retrofit is done as per the required technical and safety guidelines.
Market Position
The business is among a limited number of approved operators allowed to carry out CNG retrofitting for petrol cars in Tamil Nadu, which keeps the operations within a regulated and niche segment.
Investment Perspective
This is a running automotive service with practical experience in vehicle conversions and a steady number of completed installations.
Clientele type
They serve clients across Tamil Nadu, primarily focusing on four-wheeler vehicle owners
Premises
LEASED
Lease per month (in INR): 40.00 K
Security Deposit (in INR): 3.00 L
Carpet Area: 600 sq ft
The business operates through three branches located in Vellore, Chennai, and Chengalpattu.
Asking Price Includes
The transaction terms will be discussed with interested investors.
Asking Price
INR 10.00 L
Minimum ticket size
INR 10.00 L
Reason
This is a new business model with limited licensed operators and strong long-term potential in the evolving energy market. The plan includes expanding infrastructure at the current centre and setting up an additional new centre, for which investment support is being sought.
Licenses
Retrofitting license
More Details
The business is a multi-brand CNG kit fitment centre with experience in successfully converting GDI and TSI engine vehicles to CNG.
Keywords
Business Tags
Fundraising for ₹10 Cr – 500 Cr
Confidential Process Completed in 120 Days
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