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Automotive Components

Auto Lock

This project profile covers the manufacturing and assembly of auto locks for two-wheelers and four-wheelers, including handle locks and petrol tank locking mechanisms using pressure die casting and sheet metal processes. The unit has a proposed production capacity of 1,50,000 pieces per annum.

Project cost & finance

Cost of Project

figures in ₹ Lakhs

Plant & Machinery7.85
Furniture & Fixtures0.75
Other Misc. Assets0.35
Working Capital7.72
Total16.67

Means of Finance

figures in ₹ Lakhs

Own Contribution1.67
Term Loan8.06
Working Capital Loan6.94
Total16.67

Raw materials & machinery

Machinery & equipment8

Raw materials6

Manufacturing process

  1. Produce main body of the lock and lever holding pin using pressure die casting with molds and high pressure.
  2. Machine the lever holding pin further on a lathe or milling machine to create slots for fixing levers.
  3. Punch and shape levers using a power press with punching dies.
  4. Fit the levers into the plunger and insert into the main body, securing with a pin for final assembly along with externally procured keys.
  5. Perform manual quality checking on the assembled locks and pack them into cardboard boxes.

Market

Auto locks have strong demand driven by the growing automobile sector in the country. They can be supplied directly to automobile manufacturers as original equipment or sold through the replacement market.

From the project report

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