The automotive industry in India is growing very fast. You can start a business in this field by partnering with any well-known tire brand.
In this article, we will give you complete information about the Apollo tyre dealership. This article contains all the topics related to Apollo dealership, which includes Apollo tyre dealership cost, profit margin, shop space required, licenses, and registrations, whom to contact, etc.
Why choose Apollo dealership?
Established in 1972, Apollo tyres is an India-based multinational tyre manufacturing company. The company has headquarters in gurugram, Haryana.
Apollo tyres have 5000+ dealers in India and out of which 2500 are exclusive apollo showrooms.
The brand has five manufacturing plants in India and two in Europe. Apollo gets 70% of sales from India and the remaining from other countries.
Apollo tyres manufacture tyres for two-wheelers, cars, heavy-duty vehicles like trucks and buses, farm vehicles, industrial vehicles, and earthmovers.
Licenses and Registrations Required
These are the licenses and registrations required to open an Apollo Tyre dealership in India.
- Company Registration – Sole proprietorship/LLP/Pvt Ltd
- Trade Licence – from your local municipality
- Shop & Establishment Registration – from the state government
- GST Registration
- Previous bank statement / Income Tax Returns Returns
- Business Insurance if required
If you require a business loan, you can approach banks like SIDBI.
Apollo Tyre Dealership Cost
You need approximately INR 10 lakh to 12 lakh rupees to start an exclusive Apollo Tyre dealership.
This amount may vary from one city to another. In tier 1 cities it would be a bit expensive compared to tier 2 and tier 3 cities.
Other factors like whether you have your own shop or not and your initial stock purchase quantity also alter the total cost.
Here is the break-down above said amount,
- Dealership Security Deposit -> 2 lakhs
- Initial inventory purchase -> 6 to 8 lakh rupees
- Shop Interior and Warehouse -> 2 to 3 lakhs (racks, furniture, computer system & printer, Signage board)
- Shop Advance + First-month Rent -> extra (if you do not own a shop)
The working capital required is employee salary, utility bills, adding stocks, shop rent, etc.
Profit Margin in Apollo Tyre Dealership
From Apollo Tyre dealership you can expect a profit margin of 10% to 15%.
Like other tyre brands, the profit margin of Apollo Tyre dealership is directly proportional to the number of sales you have made. i.e If you make more sales, then you will be able to gain more offers and bonuses offered by the company.
The company offers these bonuses & schemes after 6 months to 1 year after you have opened your dealership. If you succeed in meeting those sales targets then you can expect up to a 15% profit margin.
Space required for Apollo Dealership
You require a minimum space of 800 square feet shop area to open an Apollo tyre dealership. Make sure that your shop has good connectivity.
How to get Apollo Tyre Dealership?
To get an Apollo dealership, first, you need to contact your Apollo tyre sales manager. You can get his number by calling Apollo tyre toll-free number 1800 212 7070.
You can also contact them at their official website.
Once you contact the brand, they will be in touch with you and if you are eligible, then help you in launching your dealership.
Your eligibility for the Apollo Tyre dealership mainly depends on factors like the density of other Apollo Tyre dealers in your area, your experience in trading, your shop location, and your financial background, etc.
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FAQ about Dealership
How much space is required to start an Apollo Tyre dealership?
You require a minimum space of 800 square feet of shop space
Investment required to start an Apollo Tyre dealership?
You need to invest around 10 lakh to 12 lakh rupees
What is the Profit Margin in Apollo Tyre dealership?
You can expect a profit margin of 10% to 15%
How to contact Apollo Tyres?
You can call their toll-free number 1800 212 7070.
I hope this guide to ‘Apollo tyre dealership’ will help you get started. If you have any additional suggestions, feel free to mention them in the comments section below. If you like this article then kindly share it with your friends.