If you are interested in starting a business in the automobile industry and the rapidly growing electric vehicle market, then you can easily tie-up with any battery brand and can start a battery shop business.
There are already well-established battery brands in the country like Exide, Amaron, Luminous, Base, Okaya, HBL, etc.
Also, we know that the electric vehicle market in India is growing very fast.
That’s why it’s most important to tie up with a brand that also makes Lithium-Ion batteries together with lead-acid batteries. One such brand is Exide Batteries.
In this article, we will give you complete information about the Exide Battery dealership. This article contains all the topics related to the Exide dealership, which includes Exide Battery dealership cost, profit margin, shop space required, licenses, and registrations, whom to contact, etc.
Why choose Exide dealership?
Founded in 1947, Exide Industries Limited is an Indian-based multi-national storage battery manufacturer company. The company has headquarters in Kolkata.
Exide battery is India’s largest manufacturer of automotive and industrial batteries. Exide has a presence in 46 countries which including the United States and Europe.
The company has manufacturing plants in India and Sri Lanka. In India, plants are located in Maharashtra, West Bengal, Tamil Nadu, Haryana, and Uttarakhand.
Exide battery has a large product range which includes, automotive batteries, industrial batteries, inverter batteries, solar solutions, Genset batteries, submarine batteries, home UPS batteries, and electric vehicle batteries.
To serve the electric vehicle market, Exide also manufactures lithium-ion batteries in India. The company has a partnership with Leclanche, a Switzerland-based company.
Licenses and Registrations Required
These are the licenses and registrations required to open an Exide battery 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 lack capital, you can contact banks like SIDBI for business loans.
Exide battery dealership Cost
You need approximately 7 to 8 lakh rupees to start an Exide battery dealership.
The actual investment amount mainly depends on the quantity of inventory/stock that you are going to buy at the beginning
Other factors like whether you have your own shop or not and the battery types you are going to sell also alters the total cost.
Here is the break-down above said amount,
- Dealership Security Deposit -> 1.5 to 2 lakhs
- Initial inventory purchase -> 4 to 5 lakh rupees
- Shop Interior -> 30,000 (racks, computer system, Signage board etc)
- Equipments -> 20,000 rupees ( battery recharging machine, clamp meter & hydro meter )
- 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 Exide battery Dealership
From the Exide battery dealership, you can expect a profit margin of 20% to 25%.
The profit margin in Exide battery 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 30% profit margin.
Almost all battery brands offer special schemes like cash discounts, quantity discounts, product discounts, & outstanding balance nil, etc.
Space required for Exide Dealership
You require a minimum space of 150 to 250 square feet shop area to open an Exide battery dealership. Make sure that your shop has good connectivity.
How to get Exide battery Dealership?
To get an Exide dealership, first, you need to contact your area Exide battery sales manager. You can get his number by calling Exide battery toll-free number 1800 103 5454.
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 Exide battery dealership mainly depends on factors like the density of other Exide battery dealers in your area, your experience in trading, your shop location, and your financial background, etc.
FAQ about Dealership
How much space is required to start an Exide battery dealership?
You require a minimum space of 150 to 250 square feet of shop space
Investment required to start an Exide battery dealership?
You need to invest around 7 to 8 lakh rupees
What is the Profit Margin in Exide battery dealership?
You can expect a profit margin of 20 to 25%
How to contact Exide industries for the dealership?
You can call their toll free number 1800 103 5454
I hope this guide to ‘Exide battery 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.
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