The automotive and auto ancillary industries have played a major role in shaping the landscape of the Indian economy and fueling the growth of technological innovations and solutions for Indians making their lives easier through seamless transportation and modern solutions. These sectors are highly focused on innovation and are constantly investing in research and development to develop contemporary modes of automobile usage and meet consumer requirements. Even though the sector is one of the most successful ones, it still faces many challenges in terms of finances, sustainability and other factors as the process of rolling out a new product or service in the automobile industry requires immense research and development, testing and phases of launch which takes up a huge capital. Therefore, these industries need to be aware of financing opportunities and seek them actively to meet their needs and scale flexibly and comfortably.
Oxyzo recognizes the unique challenges of the automobile Industry, having worked with many stalwarts from the industry and helping them counter the obstacles or challenges to their growth through seamless financing options. Auto and Auto Ancillary sectors due to their unique operations and business processes need innovative and modern financing solutions which Oxyzo tailors with in-depth attention and market research to facilitate growth and progress for players in these industries.
Types of Financing for Auto and Auto Ancillary Sectors:
Regarding innovative financing solutions, Oxyzo provides two broad categories of financing solutions designed to help the Auto and Auto Ancillary Industries. They are:
Purchase Financing:
As has been established, the automobile industry is all about innovation and technological advancement, and both require a lot of materials, equipment, tools and machinery. With purchase financing solutions offered by Oxyzo, industry owners can maintain their business capital and smoothly meet their daily operational needs to remain on track to success without any roadblocks. Purchase financing helps businesses obtain cheaper procurement of all necessities required for daily operations and business processes. There are many benefits to obtaining a process finance. It is a simple way to improve your working capital cycles and grow your revenue profitability. These loans are generally unsecured and collateral-free and are highly user-friendly. They can be applied in a straightforward digitized process and get approved instantly to help you function smoothly.
Special Situation Funding:
Every business has ups and downs, but the auto and auto ancillary industries largely depend on the market’s volatility and consumer demand and, therefore are prone to phases of growth and decline. Such continuous changes can give rise to emergency needs and finance requirements to sustain and keep the business running. Businesses need to make strategic decisions to grow and scale effectively. Understanding the necessity for the same, Oxyzo offers unique situation funding solutions to help businesses counter risk situations, meet emergency needs and make strategic business decisions necessary for growth and success. Acquisition finance opportunities help businesses of all sizes make innovative business decisions and grow exponentially through mergers and acquisitions. Promoter financing helps in managing the costs and requirements of business promoters. Share buyback solutions help businesses to repurchase their own stock from shareholders. Last-mile financing helps in the stage where businesses bridge the gap between delivery and customer payment. Cash flow financing helps streamline short-term cash requirements. These solutions help businesses make strategic decisions, mitigate risks and gain access to capital. With the expert advisory of Oxyzo, you can grow exponentially.
Seasonal Loans:
As auto and auto ancillary industries function in phases that include research and innovation, product development, product testing, market launch, etc., there are certain cycles or parts of the phases where the financing requirement can be higher. In such situations, seasonal loans can help businesses meet these needs and adapt to changes effectively.
Equipment Financing:
We stand at the cusp of technological evolution. More than innovation, we are evolving into a society that runs on technology and demands it continually. In such a scenario, losing technological tools, equipment, machinery and hi-tech solutions can make businesses lose their competitive edge and position in the market. Therefore, these businesses must procure these advanced equipment and machinery for their operations, which are highly expensive. With equipment financing, auto industry businesses can easily source these machines and operate smoothly. These financing solutions have flexible repayment options, low-cost credit and instant approval.
Working Capital Financing:
Businesses in the auto and auto ancillary space require a lot of materials, parts, spares and manufactured goods for their operations. To sustain the same, they need a solid working capital reserve. With working capital or purchase financing, businesses can venture into their operations smoothly without any deficiency in funds. Such loans are usually unsecured and help you maintain a smooth flow of working capital. The process of obtaining such a loan is wholly digital and efficient. Interest is charged as per usage, and disbursement is done instantly.
Value Chain Financing:
These vendor financing options assist companies in efficiently streamlining their supply chains and controlling costs at every turn, from manufacturing to distribution. The entire loan application procedure is computerized, and the interest rate is attractive. These loans enable you to grow your firm seamlessly and are less expensive than vendor credit.
By securing these solutions from Oxyzo, you can take your business to the next level and streamline your operations. Contact Oxyzo to know more about the solutions.