An Investigation of the Feasibility of Growing Into the Manufacture of Electric Cycles

Abstract

Purpose: A vast array of businesses and institutions engaged in the creation, advancement, production, promotion, and retailing of automobiles make up the automotive sector. In terms of revenue, it is among the biggest sectors in the world.

Theoretical framework: The automotive sector excludes businesses like auto repair shops and motor fuel filling stations that are devoted to maintaining cars after they are delivered to the final consumer. Buildmet, a company with an annual revenue of 80 crore, wants to expand beyond civil construction into a different manufacturing industry.

Design/methodology/approach: That's when a start-up company approached them with the concept and design to produce electric bikes and assemble e-bikes.

Findings: The goal of this research is to determine if expanding into the electric cycle manufacturing industry is viable. To determine if they can proceed with the new endeavor, a feasibility study is being carried out.

Research, Practical & Social implications: The purpose of the feasibility study is to determine four key factors. These are the following: market, financial, industry, and organizational feasibility.

Originality/value: The firm also wants to make environmentally sustainable two-wheelers that are socially and healthy responsible. These kinds of endeavors are currently becoming widely accepted. They are receiving lower GST and tax exemptions. Some states, like Tamil Nadu, intend to exclude electric vehicles and their producers from paying taxes altogether.