Industry Overview
The demand for
oil filters in the two-wheeler industry has been increasing as motorcycles and scooters remain a preferred mode of transportation globally. Oil filters are essential components for keeping the engine running smoothly by removing contaminants from the oil, thereby enhancing the performance and longevity of the engine. As the two-wheeler market grows, both in terms of
sales and
maintenance, the demand for high-quality oil filters continues to rise.
Scale and Profitability of Industry
The oil filter manufacturing business can be scaled from a small workshop to a full-fledged production unit. The profitability is high, as manufacturers can target both the
OEM (original equipment manufacturer) and
aftermarket segments. The growing demand for
maintenance services for motorcycles and scooters provides an added revenue stream for businesses in this sector.
Subsidy Opportunities
This business can benefit from schemes like
PMEGP and
MSME, offering
financial assistance for machinery purchases, raw material costs, and working capital. Additionally, government initiatives like
Start-Up India could provide funds for innovative, environmentally-friendly oil filter solutions.
Eligibility Criteria
- Must comply with automotive standards and regulations.
- MSME registration required for subsidy eligibility.
- Quality control to meet OEM standards.
Project Cost and Subsidy
- Project Cost: ₹5 Lakhs to ₹10 Lakhs.
- Subsidy: Up to 50% subsidy under MSME and PMEGP for smaller manufacturers.
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!
