{"id":28708,"date":"2023-02-15T09:45:49","date_gmt":"2023-02-15T09:45:49","guid":{"rendered":"https:\/\/smallbusinesshub.in\/?p=28708"},"modified":"2023-10-07T07:27:16","modified_gmt":"2023-10-07T07:27:16","slug":"two-wheeler-spare-parts-business","status":"publish","type":"post","link":"https:\/\/smallbusinesshub.in\/two-wheeler-spare-parts-business\/","title":{"rendered":"How to start a Two-wheeler Spare Parts Business in India?"},"content":{"rendered":"\n<p>India has the highest number of two-wheeler users in the world. People prefer two-wheelers because of affordable price, easy maintenance, traffic conditions etc.<\/p>\n\n\n\n<p>When there are so many two-wheelers in the country, their spare parts are also in demand.<\/p>\n\n\n\n<p>If you are interested in the two-wheeler vehicle industry you can start a two-wheeler spare parts shop and earn a good income.<\/p>\n\n\n\n<p>This article provides you with complete details related to the bike spare parts business, the investment required, profit margin, spare parts business plan, manpower etc.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_64 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >In this Post<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/smallbusinesshub.in\/two-wheeler-spare-parts-business\/#How_to_start_a_bike_or_two-wheeler_spare_parts_shop\" title=\"How to start a bike or two-wheeler spare parts shop\">How to start a bike or two-wheeler spare parts shop<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/smallbusinesshub.in\/two-wheeler-spare-parts-business\/#Two-wheeler_spare_parts_business_plan\" title=\"Two-wheeler spare parts business plan\">Two-wheeler spare parts business plan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/smallbusinesshub.in\/two-wheeler-spare-parts-business\/#Two-wheeler_spare_parts_business_cost\" title=\"Two-wheeler spare parts business cost\">Two-wheeler spare parts business cost<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/smallbusinesshub.in\/two-wheeler-spare-parts-business\/#Profit_margin_in_Two-wheeler_spare_parts_business\" title=\"Profit margin in Two-wheeler spare parts business\">Profit margin in Two-wheeler spare parts business<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_start_a_bike_or_two-wheeler_spare_parts_shop\"><\/span>How to start a bike or two-wheeler spare parts shop<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>To start a two-wheeler spare parts shop you need good knowledge about all the bike or scooter models as well as their parts and accessories.<\/p>\n\n\n\n<p>Without the proper knowledge, if you start this business by relying only on workers, it is very difficult to succeed.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2023\/02\/Two-wheeler-spare-parts-business-1024x536.jpg\" alt=\"Two wheeler spare parts business\" class=\"wp-image-28715\" srcset=\"https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2023\/02\/Two-wheeler-spare-parts-business-1024x536.jpg 1024w, https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2023\/02\/Two-wheeler-spare-parts-business-300x157.jpg 300w, https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2023\/02\/Two-wheeler-spare-parts-business-768x402.jpg 768w, https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2023\/02\/Two-wheeler-spare-parts-business-150x79.jpg 150w, https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2023\/02\/Two-wheeler-spare-parts-business.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>You may need at least one year to fully understand this business. You can get this experience by working in another shop.<\/p>\n\n\n\n<p>After getting enough knowledge about the business, you can start a spare parts business with a proper business plan.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Having a Mechanic or Garage along with the shop<\/h4>\n\n\n\n<p>You can hire a mechanic at your shop or set up a garage and rent it out to a mechanic.<\/p>\n\n\n\n<p>By doing this you can supply the spare parts needed by that mechanic\/garage at a slightly discounted price.<\/p>\n\n\n\n<p>This will give your shop regular orders and increase your monthly sales.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Two-wheeler_spare_parts_business_plan\"><\/span>Two-wheeler spare parts business plan<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Location plays a very important role in the success of any business. You can start a two-wheeler spare parts business at any place but make sure there are enough garages nearby.<\/p>\n\n\n\n<p>Because the main customers in any spare parts shop are mostly mechanics or garage owners.<\/p>\n\n\n\n<p>Supply spare parts to your nearest mechanic or garage on time and at discounted prices.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Shop area required<\/h4>\n\n\n\n<p>You can start a two-wheeler spare parts shop with 300 square feet of commercial space.<\/p>\n\n\n\n<p>You may require more space to store large fibre parts.<\/p>\n\n\n\n<p>Depending on the location and size of your shop, you may have to pay a rent of 15 to 20 thousand rupees.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Purchasing inventory for your shop<\/h4>\n\n\n\n<p>You can purchase inventory from dealers or wholesalers in your area. Like any other business, there are many fake products in the market so make purchases only from authorized dealers.<\/p>\n\n\n\n<p>Initially, it is not possible to purchase inventory on a credit basis. You have to buy on a &#8216;cash in hand&#8217; basis.<\/p>\n\n\n\n<p>Once the dealer or wholesaler has developed confidence in your business, you will get a credit period of 15-20 days for the purchase.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Managing stock in the two-wheeler spare parts shop<\/h4>\n\n\n\n<p>To avoid dead stock, inventory management is very important in this business. So choose parts type and quantity wisely.&nbsp;<\/p>\n\n\n\n<p>Note which two-wheeler brand is more famous in your area and invest more in spare parts of that brand.<\/p>\n\n\n\n<p>Decide the quantity according to the two-wheeler density in your location.<\/p>\n\n\n\n<p>For heavy fibre parts, get advance from the customer and order after confirmation. It saves space for storage.<\/p>\n\n\n\n<p>If you have more varieties for each product, it will obviously attract more customers. But it requires a lot of investment.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Manpower required<\/h4>\n\n\n\n<p>Depending on the size of your shop you may need 1 to 2 staff to start a two-wheeler shop.<\/p>\n\n\n\n<p>If you run servicing\/workshop together with your shop, then you need mechanics too.<\/p>\n\n\n\n<p>Salary can vary from 12 to 18 thousand depending on the experience.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Managing credit in the business<\/h4>\n\n\n\n<p>Garage owners charge their customers after the service is done. So they purchase parts from you on credit.<\/p>\n\n\n\n<p>You should set a credit limit for each customer, which will help you manage cash flow.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Two-wheeler_spare_parts_business_cost\"><\/span>Two-wheeler spare parts business cost<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"188\" src=\"https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2023\/02\/Bike-spare-parts-business.jpg\" alt=\"Bike spare parts business\" class=\"wp-image-28716\" srcset=\"https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2023\/02\/Bike-spare-parts-business.jpg 600w, https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2023\/02\/Bike-spare-parts-business-300x94.jpg 300w, https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2023\/02\/Bike-spare-parts-business-150x47.jpg 150w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/figure>\n\n\n\n<p>To start a two-wheeler spare parts business you need an investment of 5 lakhs to 7 lakh rupees.<\/p>\n\n\n\n<p>This is the amount required to start a spare parts shop for a single two-wheeler brand.<\/p>\n\n\n\n<p>If you want to open a multi-brand ( like Hero, TVS, Bajaj ) spare parts shop, you may need an investment of up to 12 to 18 lakhs.<\/p>\n\n\n\n<p>For expensive and large-size fibre items, you can take an advance from the customer and after confirmation, you can purchase the item. It saves your investment amount and storage problem.<\/p>\n\n\n\n<p>You will need investment mainly for the purchase of inventory and interior work of the shop.<\/p>\n\n\n\n<p>The ongoing monthly expenses in this business are inventory purchases, shop rent, employee salary, utility bills etc.<\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0);color:#ff0707\" class=\"has-inline-color\"><span style=\"text-decoration: underline;\">Related:<\/span><\/mark><\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/smallbusinesshub.in\/tyre-business\/\" data-type=\"post\" data-id=\"26581\">Tyre Shop Business | Complete Guide<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/smallbusinesshub.in\/battery-business\/\" data-type=\"post\" data-id=\"26809\">Battery Shop Business | Complete Details<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Profit_margin_in_Two-wheeler_spare_parts_business\"><\/span>Profit margin in Two-wheeler spare parts business<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>You can expect a 15 to 20% profit margin in the two-wheeler spare parts business.<\/p>\n\n\n\n<p>But when you partner with garages you have to give them discounts, so your actual profit margin may drop to 10 to 15%.<\/p>\n\n\n\n<p>Like any other business, the actual profit depends on the volume of your purchase.<\/p>\n\n\n\n<p>If you buy parts in bulk, dealers\/wholesalers will give you more discounts.<\/p>\n\n\n\n<p>You should know that branded items offer smaller margins on sales and domestic\/local brands offer higher margins.<\/p>\n\n\n\n<p>But in the long run, it is always better to sell branded accessories to gain customer trust.<\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0);color:#ff0707\" class=\"has-inline-color\"><span style=\"text-decoration: underline;\">Related:<\/span><\/mark><\/strong><br><br><a href=\"https:\/\/smallbusinesshub.in\/car-spare-parts-business\/\" data-type=\"post\" data-id=\"29266\">Car Spare Parts Business in India | Complete Guide<\/a><br><br><a href=\"https:\/\/smallbusinesshub.in\/web-stories\/car-washing-business-india\/\" data-type=\"web-story\" data-id=\"28287\">Car Washing Business | Complete Details<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Licences and registrations required<\/h4>\n\n\n\n<p>These are licenses and certificates required to start a bike spare parts business<\/p>\n\n\n\n<ul>\n<li>Shop and Establishment certificate<\/li>\n\n\n\n<li>GST Registration<\/li>\n\n\n\n<li>Sole Proprietorship registration<\/li>\n<\/ul>\n\n\n\n<p>If you lack capital you can approach banks for <a href=\"https:\/\/www.sidbi.in\/en\" target=\"_blank\" rel=\"noopener\">business loans<\/a> with a proper business plan.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">What is the best season for this business?<\/h4>\n\n\n\n<p>As all we know, two-wheeler spare parts are in all-time demand.<\/p>\n\n\n\n<p>Another good thing about this business is that it is very difficult to sell two-wheeler parts online. So online marketplace companies have no impact on this business.<\/p>\n\n\n\n<p>I hope this article has cleared many of your doubts about the two-wheeler spare parts business in India. If you need more information about any topic you can enter it in the comment box.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India has the highest number of two-wheeler users in the world. People prefer two-wheelers because of affordable price, easy maintenance, traffic conditions etc. When there are so many two-wheelers in the country, their spare parts are also in demand. If you are interested in the two-wheeler vehicle industry you can start a two-wheeler spare parts&hellip;&nbsp;<a href=\"https:\/\/smallbusinesshub.in\/two-wheeler-spare-parts-business\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">How to start a Two-wheeler Spare Parts Business in India?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":28715,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"[\"title\",\"meta\",\"content\",\"tags\",\"post-navigation\",\"comments\"]","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_ti_tpc_template_sync":false,"_ti_tpc_template_id":"","footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/posts\/28708"}],"collection":[{"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/comments?post=28708"}],"version-history":[{"count":10,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/posts\/28708\/revisions"}],"predecessor-version":[{"id":29285,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/posts\/28708\/revisions\/29285"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/media\/28715"}],"wp:attachment":[{"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/media?parent=28708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/categories?post=28708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/tags?post=28708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}