Auto Spare Parts Production

Auto Spare Parts Production Success Stories [2024]

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Updated: September 6th, 2024

Auto spare parts production can be a rewarding venture for those looking to tap into a consistent market with growing demand. This business involves manufacturing essential components that vehicles need for maintenance, repair, and enhancement.

By focusing on the production of high-quality auto spare parts, you can cater to a diverse clientele, including car owners, repair shops, and even car manufacturers. The main tasks involve setting up a production line, ensuring quality control, sourcing raw materials, and establishing distribution channels.

With the rise of the global automotive industry, the need for reliable spare parts is only increasing. Investing in modern machinery and skilled labor can set your business apart in a competitive market. If you have a keen eye for precision and a knack for understanding automotive needs, this could be a lucrative and fulfilling business idea to pursue.

In this list, you'll find real-world auto spare parts production success stories and very profitable examples of starting a auto spare parts production that makes money.

1. Elaphe Propulsion Technologies Ltd. ($14.4M/year)

Gorazd Lampič, the founder of Elaphe, was initially pursuing a career in astrophysics when he came across an article about Andrej Detela's vision for in-wheel motors for electric vehicles (EVs). Intrigued by the potential impact of this technology, Lampič reached out to Detela and the two quickly began working together. Now, 20 years later, Elaphe has become a leading provider of in-wheel propulsion systems, working with major carmakers and achieving impressive financial success with a turnover of €15 million and €4 million in EBITDA in 2021.

How much money it makes: $14.4M/year
How much did it cost to start: $10M
How many people on the team: 150

My Car Tech Startup Just Reached $14M/Year

Elaphe Propulsion Technologies has revolutionized the electric vehicle industry with their in-wheel electric motor technology that can accelerate a vehicle from 0 to 100km/h in just three seconds, enabling carmakers to design truly user and mission-focused cars and work with all of the key traditional and new carmakers.

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2. AVTOPRO ($540K/year)

In a communal apartment in Odessa, Evgeny Alyanchikov and friends turned their classic web studio into a major marketplace, Avto.pro. By 2021, over 5,000 stores in Ukraine sold automotive products worth $105 million through their platform.

How much money it makes: $540K/year
How much did it cost to start: $35K
How many people on the team: 50

How Two Friends Built A $540K/Year Marketplace For Automotive Products [Ukraine]

Avto.pro is a leading Ukrainian marketplace for auto products that sold goods worth $105 million in 2021, with the potential to become a new Unicorn, by providing unique solutions that digitize the market, optimize logistics and trade chains, rebuilding relations between car owners and service stations, and introduce simplicity and transparency to the process for the client.

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