Hero Electric Dealership

Have you ever wanted to own your own business? Be your boss? Are you looking for a franchise in India? Then this franchise is right for you. To know about how you can get this franchise, in the following paragraph. You can know about the cost and profit you can make through this franchise. You can even learn about the requirements that are needed for this franchise.

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Hero Electric Dealership Wiki

 Established in 2007, Hero Electric is India’s first and largest electric 2-wheeler manufacturing company. The company has a headquarters in Gurugram, Haryana.

Hero Electric has a more than 50 per cent market share in the Indian two-wheeler electric vehicle market.

The Hero Electric brand is in 25+ Indian states with more than 700+ touchpoints. It has a manufacturing plant in Ludhiana, Punjab State.

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The Hero eclectic scooter brand model names are Atria, Flash, Hero Eddy, Nyx, Optima, and Photon.

The company also manufactures the E-cycle (electric cycle) called Velocity E-cycle.

Hero Electric Dealership Benefits

• Brand Recognition
• Low Cost of Entry
• Support from an Expert Team
• Reduced Risk for Startups
• A Vibrant And Growing Industry

Hero Electric Dealership Financial Assistance

The franchisor may offer financing programs to its franchisees. The options and terms could be affected by several factors, including the creditworthiness of the franchisee, accounting rules, and availability of funds.

Hero Electric Dealership Cost/ Investment / Price / Fee

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To start a Hero Electric dealership, you need approximately 60 lakh rupees of investment, considering a 2000 square feet showroom and 2000 square feet workshop.

Here is the break-down of the investment,

• Minimum working capital required -> 50 lakhs ( to run the business)
• Showroom interior – > 5 to 6 lakh rupees
• Machines and equipment for the service centre -> 3 to 4 lakh rupees
• Miscellaneous expenses -> 2 lakh rupees
• Showroom/Warehouse lease amount – (extra)

The monthly expenses are Showroom/warehouse rent, staff and labour salary, inventory purchase, utility bills, etc.

Hero Electric Dealership Requirements

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• Legal to work in India
• Ability to speak and understand English
• Have all Legal documents
• No criminal record

Hero Electric Dealership Licenses and Registrations required

These are the licenses and documents required to start a Hero Electric dealership.

• Dealership License
• Business Registration – Sole proprietorship/LLP/Pvt Limited
• Trade Licence – from the local municipality
• Shop & Establishment Registration – from the state board
• GST certificate
• Good CIBIL score
• Valid land documents / Lease agreements.
• Business Insurance

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If you lack capital, you can approach banks for Business loans with a proper business plan.

Hero Electric Dealership Area Required

Starting a Hero Electric scooter dealership requires a minimum of 1800 to 2200 square feet of showroom and 2000 square feet of workshop.

So overall commercial space required is 4000 square feet.

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How Much Money Can I Make With A Hero Electric Dealership 

Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise hinges on several specific characteristics, such as franchise location, labour costs, commercial lease rates, etc.

How to Apply For Hero Electric Dealership 

First, you must fill out the form to get the franchise. Then the company officials will contact you for further details. After that, you can open this franchise.

Apply Here

Contact details

Website

https://heroelectric.in

Conclusion

So far, we have shared the basics for this franchise. It is the most profitable franchise. You will never doubt your decision to start this franchise. Go ahead and achieve your goal. If you find more information, please share it with us. Share your thoughts, and we will contact you with new franchises and opportunities. Stay Tuned for more franchises. Thank you

FAQ (Frequently Asked Question)

Is Hero Electric Dealership profitable or not?

Ans: It is a fast-moving product with fewer margins, but your sale needs to be lowered. So, you can make more profit from this business.

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How much does it cost to open Hero Electric Dealership?

 To start a Hero Electric dealership, you need approximately 60 lakh rupees of investment, considering a 2000 square feet showroom and 2000 square feet workshop.

Here is the break-down of the investment,

• Minimum working capital required -> 50 lakhs ( to run the business)
• Showroom interior – > 5 to 6 lakh rupees
• Machines and equipment for the service centre -> 3 to 4 lakh rupees
• Miscellaneous expenses -> 2 lakh rupees
• Showroom/Warehouse lease amount – (extra)

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The monthly expenses are Showroom/warehouse rent, staff and labour salary, inventory purchase, utility bills, etc.

Is Hero Electric a Dealership?

Yes, a franchise.

Disclaimer: The information in this article, like investment, may vary from place to place, so we are still determining the investment part and other parts.

If you need help from our team, please fill out the contact form. Our team will contact you soon. And if you like this post, then please share this post.

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