Industry Overview
Connecting rods are crucial components in internal combustion engines, connecting the piston to the crankshaft. The demand for high-quality connecting rods is driven by the increasing production of
automobiles,
motorbikes, and
heavy machinery. With the focus on
engine efficiency and
performance, the demand for
durable and precision-engineered connecting rods continues to rise.
Scale and Profitability of Industry
The
connecting rod manufacturing business can be scaled from small to large units, depending on the size of the operation. Profit margins are healthy, especially when manufacturers focus on
premium components for high-performance vehicles.
Subsidy Opportunities
Manufacturers can avail of
PMEGP,
MSME, and
Technology Upgradation Fund to finance equipment, raw material purchase, and improve production processes.
Eligibility Criteria
- Compliance with automotive manufacturing standards.
- MSME registration and adherence to safety standards.
Project Cost and Subsidy
- Project Cost: ₹5 Lakhs to ₹15 Lakhs.
- Subsidy: Up to 50% subsidy under PMEGP and other schemes.
To apply for the Food Processing Scheme, the following mandatory documents are required for new enterprises (Individuals/Firms) as outlined in the manual
1. PAN Card of concerned/all promoters.
2.Aadhaar Copy & Photo of all promoters/guarantors.
3. Address Proof: Any of the Officially Valid Documents (OVD) such as:
o Utility bill (not more than two months old) from any service provider (Electricity, telephone, post-paid mobile phone, piped gas, water bill).
o Property or Municipal tax paid receipt.
o Ration Card (Individual).
o Driving Licence
o Aadhaar Card.
o Voter ID Card.
4. Details of the site where the unit is to be established, including whether it is owned/rented/leased, along with proof (Lease/rent agreement should be for more than the loan repayment period).
5. Photocopy of Bank
6. Estimates and Quotation of all capital expenditure and machinery and equipment to be purchased. Statement/Bank Passbook for the last 6 months.
For existing enterprises with a turnover of less than 1 crore, similar documents are required, including PAN Card, Aadhaar, address proof, and site details.
If you need more specific information or additional documents, please let me know!
