Hero Electric is India’s largest EV two-wheeler company that has been in the business for decades. It is the leader competing with other automobile companies. In India, the market for bike dealerships is always a thriving business.
If you are interested in starting your bike dealership franchise, you have come to the right place. As you know, we have curated a detailed version of how to apply for a hero electric dealership online or offline in this article for you. Moreover, we have mentioned the investment and the cost details in this article.
Nowadays, more people are interested in purchasing two-wheelers than bikes. The hero electric company already has 550+ dealers in India.
Still, the company is looking to open more franchises to reach its customers. Suppose you are looking forward to opening and investing in the automobile industry. Then starting your electric bike dealership is the one for you.
What Is Hero Electric Dealership?
Many people are switching to electric bikes due to their pollution-free and cost-effectiveness. Also, the hike to petrol and diesel is increasing day by day.
So many are looking forward to investing in electric bikes. Formerly known as Hero Honda motors limited is the world’s largest two-wheeler manufacturer. They are based at Dharuhera and Gurgaon in Haryana. Then in Haridwar in the state of Uttarakhand.
Their newly located place is in Neemrana, Rajasthan. These dealerships offer service and spare part outlets and dealer-appointed outlets.
Why should you choose Hero Electric Dealership?
Hero electrical has been a pioneer in the automobile industry for over a decade as every product of Hero electrics is closely tested and inspected by quality engineers.
They are put through 46 stringent quality checks before it reaches out to the customers. It is a SA 8000 certified organization that is socially responsible for pollution-free, consciously ethical business. Currently, more than 500+ dealers are growing in 25 states with 350,000+ customers.
Investment For Hero Electric Dealership?
The total investment cost for the Hero electric dealership has different parts. From setting up the godown for the company to the security fee that the company has to pay. There are other expenses for this investment. But we have broken it down below for you.
So for the security fee – It costs from INR 10 lakhs to INR 15 lakhs.
The agency/showroom & Godown cost fee – Around INR 15 lakhs to 20 lakhs.
Other costs – Around INR 5 lakhs to 10 lakhs.
The total investment cost will be around INR 40 – 45 lakhs.
The actual amount may vary depending upon the factors. But if you are looking to open in a particular state, you need to know about the marketing and advertising needs and tax considerations of the state.
Also, you must secure a commercial space that attracts customers and arranging the stock is the prime factor. Select a hotspot location that offers you a good service scale with a profitable business.
Space Requirements For Hero Electric Dealership?
You should know that the bigger the business space, the more required Space. So to have you one Hero, Electric Dealership, here are certain things you need to have.
A space for an agency or a showroom. Also, a little space is required for the space center and some room for the parking lot.
The total Space required to open a Hero electric dealership franchise is 4500 sq ft To 6000 sq ft.
For the agency or showroom: 1500 sq ft To 2000 sq ft.
Services center & Godown: 2000 sq ft To 2500 sq ft.
Other Space:- 1000 sq ft To 1500 sq ft.
Documents Needed For Dealership:
Here are a few of the personal documents needed to start your own business in this dealership. They are
- Aadhaar card, Pan card, Voter card for ID proof.
- For Address proof, you need a ration card and electricity bill.
- Bank account with a passbook, photograph email ID, phone number.
- Financial documents along with GST Number.
Property Documents (PD):
The property documents that are checked before signing this dealership are lease agreement, complete property address document with title and address.
How to Apply For Hero Electric Dealership Online?
To Apply for the Hero electric dealership franchise online, here are a few steps below.
- First of all, visit their official website https://heroelectric.in/.
- Secondly, at the top of the main page, you will get an option of Contact us, then click on it.
- Then you will be taken to a few of the options there. Click on the option of becoming a partner and then click the form to open it.
- Please fill out all the necessary details in the application form and submit it.
- Next, you have to upload scanned copies of the required documents for verification. Then send the printed PDF with self-attested copies of approved documents.
- Then after the company reviews your application will give you a call.
You can also apply offline by directly heading to their regional office or head office with your profile documents.
How To Contact Hero Electric Agency Dealership?
Address, phone number of Corporate and registered office and websites of Hero Moto Corps:
Hero MotoCorp Ltd. 34, Community Centre, Basant Lok, Vasant Vihar, New Delhi – 110057, India.
Tel: +91-11-26142451, 26144121
Fax: +91-11-26143321, 26143198.
Toll-free number – 1800 266 0018
For Customer Support: 9721477308 (During Lockdown)
For bulk /Institutional inquiry:
Email ID: firstname.lastname@example.org
Electric bikes are the new trendiest thing in the market nowadays. With the rapid growth in technology, the demand for electric bikes has taken a surge in the automobile industry.
One of the prime reasons is the increasing air pollution and deterioration of air quality. That has urged people to step up their connectivity with electric bikes daily. Switching to this sort of bike is more sustainable development that will positively impact our current environmental crisis.