Power backup solutions have huge market potential in the future. You can enter this industry by partnering with any well-known brand and starting a battery and inverter system business.
In this article, we will give you complete information about the Luminous battery dealership. This article contains all the topics related to the Luminous dealership, which includes Luminous Battery dealership cost, profit margin, shop space required, licenses, and registrations, whom to contact, etc.
Why choose Luminous dealership?
Luminous Power Technologies Pvt. Ltd. is India’s one of the leading power backup companies. It mainly deals with power backup, home electrical, and residential solar solutions.
The luminous battery has 7 manufacturing factories and a presence in 36+ countries. The company has 2900+ distributors and 70,000+ dealers all over the country.
The Luminous product range includes backup power solutions like home inverter and UPS systems, inverter batteries, stabilizers, auto batteries.
Solar products like solar PV panels, solar UPS and Inverter, solar controller, solar batteries etc. It also manufactures home electical products.
Licenses and Registrations Required
These are the licenses and registrations required to open a Luminous 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
Luminous battery dealership Cost
You need approximately 7 to 8 lakh rupees to start a Luminous 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 alter 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 Luminous battery Dealership
From the Luminous battery dealership, you can expect a profit margin of 25% to 30%.
The profit margin in Luminous 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 Luminous Dealership
You require a minimum space of 150 to 300 square feet shop area to open a Luminous battery dealership. Make sure that your shop has good connectivity.
How to get Luminous battery Dealership?
To get a Luminous dealership, first, you need to contact your area Luminous battery sales manager. You can get his number by calling Luminous battery toll-free number 1800 103 3039.
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 Luminous battery dealership mainly depends on factors like the density of other Luminous battery 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 a Luminous battery dealership?
You require a minimum space of 150 to 300 square feet of shop space
Investment required to start a Luminous battery dealership?
You need to invest around 7 to 8 lakh rupees
What is the Profit Margin in a Luminous battery dealership?
You can expect a profit margin of 25% to 30%
How to contact Luminous power for the dealership?
You can call their toll-free number 1800 103 3039.
I hope this guide to ‘Luminous 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.