Starting a battery dealership business is not a difficult task. You can start a battery dealership by tying up with any battery brand.
In this article, we will give you complete information about the HBL battery dealership. This article contains all the topics related to the HBL dealership, which includes HBL Battery dealership cost, profit margin, shop space required, licenses, and registrations, whom to contact, etc.
Why choose HBL dealership?
HBL power solutions limited is the world’s one of the leading manufacturers of batteries and DC systems for various industries.
HBL manufactures lead-acid batteries, nickel-cadmium batteries, and specialized defense batteries.
Apart from batteries, HBL power solutions limited also deals with power electronics, concrete products, renewable energy, and engineering solutions.
HBL has six manufacturing units in India and three in other countries with associate companies.
Licenses and Registrations Required
These are the licenses and registrations required to open an HBL 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
HBL battery dealership cost
You need approximately 5 to 6.5 lakh rupees to start an HBL 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 of the above-said amount,
- Dealership Security Deposit -> 1 lakh
- Initial inventory purchase -> 3 to 4 lakh rupees
- Shop Interior -> 25,000 (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 HBL battery dealership
From the HBL battery dealership, you can expect a profit margin of 25% to 30%.
The profit margin in HBL 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 35% profit margin.
Almost all battery brands offer special schemes like cash discounts, quantity discounts, product discounts, & outstanding balance nil, etc.
Space required for HBL Dealership
You require a minimum space of 100 to 250 square feet shop area to open an HBL battery dealership. Make sure that your shop has good connectivity.
How to get HBL battery dealership?
To get an HBL dealership, first, you need to contact your area’s HBL battery sales manager. You can get his number by calling HBL battery toll-free number +91 40 2335 5575.
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 HBL battery dealership mainly depends on factors like the density of other HBL 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 HBL battery dealership?
You require a minimum space of 100 to 250 square feet of shop space
Investment required to start an HBL battery dealership?
You need to invest around 5 to 6.5 lakh rupees
What is the Profit Margin in an HBL battery dealership?
You can expect a profit margin of 25% to 30%
How to contact HBL power for the dealership?
You can call their toll-free number +91 40 2335 5575.
I hope this guide to ‘HBL 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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