The automobile industry is a fast growing industry in India. So if you want to start a business in this field, then you can easily tie-up with any battery brand and can start a battery shop business.
In this article, we will give you complete information about the OKAYA battery dealership. This article contains all the topics related to the OKAYA dealership, which includes OKAYA Battery dealership cost, profit margin, shop space required, licenses, and registrations, whom to contact, etc.
Why choose OKAYA dealership?
OKAYA Power is one of the India’s emerging storage battery brand. Company has 39,000+ dealers and 2,420 distributors all over the country.
Okaya power deals with Inverter Batteries, Solar Batteries, SMF Batteries, E-Rickshaw Batteries, Lithium and EV charging solutions etc.
Licenses and Registrations Required
These are the licenses and registrations required to open an OKAYA 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
OKAYA battery dealership cost
You need approximately 5 to 7 lakh rupees to start an OKAYA 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 OKAYA battery Dealership
From the OKAYA battery dealership, you can expect a profit margin of 25% to 30%.
The profit margin in OKAYA 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 OKAYA Dealership
You require a minimum space of 100 to 250 square feet shop area to open an OKAYA battery dealership. Make sure that your shop has good connectivity.
How to get OKAYA battery dealership?
To get an OKAYA dealership, first, you need to contact your area’s OKAYA battery sales manager. You can get his number by calling OKAYA battery toll-free number 981 890 9090.
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 OKAYA battery dealership mainly depends on factors like the density of other OKAYA 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 OKAYA battery dealership?
You require a minimum space of 100 to 250 square feet of shop space
Investment required to start an OKAYA battery dealership?
You need to invest around 5 to 7 lakh rupees
What is the Profit Margin in an OKAYA battery dealership?
You can expect a profit margin of 25% to 30%
How to contact OKAYA power for the dealership?
You can call their toll-free number 981 890 9090.
I hope this guide to ‘OKAYA 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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