How To Get Hero MotoCorp Dealership Cost, Profit| SkillsAndTechSkillsandTech | July 19, 2021 |
If you are enthusiastic about motorcycles and want to invest in a motorcycle company and become an owner of its franchise, then this is the right place for you. This article will provide you with all the relevant information on Hero MotoCorp and on how to become a Hero MotoCorp dealer. This article will help the readers in deciding as to why they should invest their money in Hero Motocorp and become the company’s authorised dealer.
The craze for motorcycles among the public is increasing day by day. Earlier, motorcycles were only perceived as a means of transport for people to go from one place to another. But today, they have become so much more. Motorcycles are also a style statement today. People want to buy bikes that suit their style. An ideal bike is one that is affordable, good looking and compliments a person’s look. In India, one cannot talk about motorcycles without mentioning the most popular motorcycle manufacturing company in the country – Hero Motocorp.
The company has been making and selling top quality motorcycles for decades now and it does not look to stop anytime soon. Hero Motocorp has a wide range of motorcycles that appeal to all types of customers. The company’s customer service is also of top quality and that is one of the many reasons that Hero Motocorp has been able to win the hearts of the Indian public and today has built for itself, a huge and loyal customer base in India.
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Automobile Industry in India
The Indian automobile industry is the 4th largest industry in the world with sales increasing by 9.5 % year-on-year to 4.02 million units (excluding two-wheelers) in 2017. The two-wheeler segment dominates the market in terms of volume owing to a growing middle-class people and young population. India is also a leading auto exporter and has stable export growth expectations for the near future. Automobile exports grew 26.56 per cent during April-July 2018. Also is the CAGR( Compound Annual Growth Rate ) of 3.05 % is expected to grow at a during 2016-2026.
Why Hero MotoCorp Franchise Dealership?
Hero MotoCorp was started in 1984 at the time when people were not so much used to motorcycles. It is widely known for its light and affordable motorcycles in the country. It owns a massive 46% market share for two-wheelers in India.
- Hero MotoCorp brand has over 33 years of expertise in the automobile industry.
- Country’s largest two-wheeler manufacturer.
- Two-wheelers are produced crosswise over four internationally benchmarked manufacturing premises.
- Fuel-efficient and low maintenance motorcycles.
- The company offers 19 models of Motorcycles and Scooters in the price range of Rs. 40K to Rs. 1.08 Lakhs.
- 6000 service centres across the country
How Much Area Is Required For MotoCorp Franchise Dealership?
Hero MotoCorp service centre would require a lounge for the customers, working area, a parking area for bikes, space for display bikes, an office and other related merchandise. To include all these facilities, the space required should have a minimum area of 3000 – 4000 square feet.
Delhi, Jammu and Kashmir, Uttar Pradesh, Haryana, Himachal Pradesh, Punjab, and Uttaranchal
Kerala, Karnataka, Tamil Nadu, Andhra Pradesh
Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim, Odisha
Gujarat, Rajasthan, Maharashtra, Goa
Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand
Pondicherry, Chandigarh, Lakshadweep, Daman and Diu
What Is Cost and investment MotoCorp Franchise Dealership?
The cost of starting a Hero MotoCorp Franchise Dealership will differ according to the location of the centre. Apart from the variation in land cost, the investment sum amount required to start a franchise dealership will be from INR 50 Lakhs to 1.5 Crore.
How Much Profit We Get On MotoCorp Franchise Dealership?
The fact that Hero Motocorp is the largest producer of two-wheeler vehicles in the world is enough of an indication that an individual looking to invest in Hero Motocorp and wanting to become the owner of its franchise will reap a significant amount of benefits. The return on investment in the case of Hero Motocorp is expected to be around 18 percent.
Hero MotoCorp Franchise Services And Training
The following advantages are afforded by the Franchisor for setting up the Hero MotoCorp Showroom:
- The company supports the franchisee for setting up the design and construction.
- It provides assistance in business development, i.e. site selection support.
- It provides necessary operational support for the franchise.
- It provides marketing support for local and regional advertising.
- Technical knowledge and administrative assistance will be provided to the franchisee during the term of the agreement.
- Proper training is given to all crew members and franchisees.
- Expert guidance from Head Office will be provided to the franchisee while opening the franchise dealership.
- Prevailing IT systems will be incorporated in the franchise.
What Are Requirements For Hero MotoCorp Franchise
As is the case with any other franchise, there are certain requirements that an individual has to fulfill in order to become eligible for the ownership of a Hero Motocorp dealership. The first requirement is regarding the area or outlet space needed to open up the Hero Motocorp dealership store. A sufficient amount of area is required to set up the store so that there is enough room for all the equipment and the workers are also able to work around freely to perform their duties.
The area or outlet space required by an individual to set up a Hero Motocorp franchise ranges from 3,000 to 4,000 square feet. Apart from that, the franchisee also has to make sure that the location for the outlet is on the ground floor and the outlet has a frontage of a minimum of 50 to 70 feet to open up the store.
The other requirement that an individual has to fulfill in order to acquire a Hero Motocorp dealership is that he or she should have adequate knowledge about motorcycles and scooters. The company wants people who are passionate about the products who will help the company in its growth and development.
How To Apply For Hero MotoCorp Franchise
Applicant who would like to have a franchise dealership from Hero MotoCorp and want to become a successful entrepreneur can invest and apply for Hero MotoCorp Franchise. The following are the steps to apply for Hero MotoCorp franchise:
Step 1: Official Website
The applicant should enter into the official website of Hero MotoCorp.
Step 2: Franchise Registration
Click on ‘PARTNER WITH US’ option which is available on the home page of the portal.
Step 3: Application Form
On the next page select the “Start Application” option, and now the application form for the franchise will open up on the screen.
Step 4: Complete the Details
Fill up the franchise dealership application form with the appropriate details like
- Applicant name
- Existing firm/company name
Step 5: Submit the Application
After filing the details, the applicant should click on “Save and Continue ” option for successful registration.
If a person has any query or a problem and wants to get in touch with the support staff of Hero Motocorp to get their queries or questions answered, then they can make use of the following information:
Contact Details For Hero MotoCorp Franchise
Hero MotoCorp Ltd, 34, Community Centre, Basand Lok, Vasant Vihar, New Delhi – 110057, India.
+91-11-46044100, 26142451, 2614412
More About the Company
Hero Motocorp Ltd., which was formerly known as Hero Honda, is an Indian company that manufactures and sells motorcycles and scooters all across India. The company has its headquarters in the city of New Delhi, India which is also known as the capital of the nation. The company was started in 1984. It was started when two companies – Hero Cycles of India and Honda of Japan got into a joint venture.
Hero Motocorp is such a huge company that manufactures the highest number of two-wheeler vehicles not only in India but also in the world. In India, Hero Motocorp has managed to capture around 46 percent of the entire two-wheeler vehicle market. It was on July 29 in the year 2011 that the name of the company was changed to Hero Motocorp Limited from the previous name Hero Honda Motors Limited. The number of service centers that the company has in India is more than 6000. In the year 2006, Forbes magazine put out a list of the ‘200 World’s Most Respected Companies’.Hero Motocorp was ranked at the 108th position on that list. By March of 2013, the company’s market capitalization was considered to be around 308 billion rupees.