Industry Overview
The
windshield wiper assembly business plays a pivotal role in the automotive sector, ensuring that vehicles have clear visibility in all weather conditions. With the rise in vehicle ownership, the demand for
wiper blades and
wiper motors has been growing steadily. Manufacturers in this sector can capitalize on the increasing demand for high-performance wiper systems for both
passenger cars and
commercial vehicles.
Scale and Profitability of Industry
This business is highly scalable, with opportunities to serve
OEMs as well as the
aftermarket segment. Profitability is driven by high demand from
automotive manufacturers and
maintenance services for vehicles. With the growing focus on
safety and visibility, wiper systems are an essential part of every vehicle, ensuring consistent demand.
Subsidy Opportunities
The government offers several subsidy programs, such as
PMEGP,
MSME, and
Automotive Mission Plan for supporting small and medium-sized enterprises in the automotive parts sector. These subsidies help with setting up production units, machinery purchase, and R&D activities for designing more advanced wiper systems.
Eligibility Criteria
- Must comply with automotive standards for windshield wiper systems.
- MSME registration is necessary for accessing financial support.
- Compliance with environmental and safety regulations.
Project Cost and Subsidy
- Project Cost: ₹10 Lakhs to ₹25 Lakhs.
- Subsidy: Up to 50% subsidy under PMEGP and MSME schemes for small 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!
