Project report for Auto Body Building

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Introduction

India is one of the major producers of fresh fruits and vegetables. The major quantities of these perishable items are produced in rural and backward areas of the country and their consumption is centered in around big cities & towns,The continuous increase in consumption of these perishable commodities has necessitated the growing demand of trucks for internal distribution of these commodities to different points connected by the vast road network. Transportation of these can be undertaken with by trucks. Automobile body building is an important activity. There are two basic types of products: on-road and off-road. On-road truck bodies are designed for vehicles that travel mainly on highways and paved roads. Off-road truck bodies are designed for trucks that travel on unimproved roads or cleared land. Some truck bodies are designed for vehicles used in mining, agriculture, construction, or farming activities. Others attach to tow trucks and wreckers, delivery vans and vehicles, water sprayers, cable and telephone trucks, and repair equipment. Auto-body building involves a lot of structural designs, wood & metal working processes, fastening techniques surface protection measures, arranging various accessories and instruments electrical and safety devices at proper places.A factory requires to be fully equipped with full-range of wood/metal working machines and tools, treating and testing equipment’s, high level of productivity and quality oriented team and much more facilities indeed. Body building is a labour-oriented work where all calibers of personnel’s and hardworking labourers are treated as assets.

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Market potential & Strategy

The bus and truck segment in India is poised for substantial growth. The sector is yet to reach its full potential. According to industry estimates, with 15 lakh buses in private sector and 1.5 lakh buses in public sector, India has about 16.5 lakh buses. India’s passenger vehicles of around 29 million during 2015 are expected to grow to more than 48 million vehicles by 2020. Also, domestic sales of commercial vehicles are expected to grow at a CAGR of 11.6% from 0.6 million in 2015 to more than 2 million by 2026. With the increasing automobile demand, the country is also proportionately expected to witness a surge in sheet metal products used to manufacture these vehicles. The Indian trucking industry is currently valued at INR 9,486 Billion and there are approximately 5.6 Million on road vehicles transporting 80% of the country’s freight. But is still cudgeling brains over petty issues like lack of drivers, information about new areas, return loads and on-time deliveries & availability of transporters.

The Indian truck industry is growing with time and the reason behind its success is the added advantages of the road transport over the rail transport. Trucks may also accept small quantities and can cover the rural and hill areas and that too in comparatively less time than the railways. Moreover, the growth of e-commerce companies and the demand for the goods movement across the country helped in the growth of truck industry. Growth rates vary widely around the globe. Growth is slowing down in large truck markets such as China and most of the Triad countries. On the contrary, India, the ASEAN countries, and Eastern Europe will account for most of the future growth. Central America is showing dynamic growth as well. More than 70% of incremental sales in 2024 will be generated outside the Triad markets. But the solidity of the Triad markets will stabilize the total global truck market in the decade to come.

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