There is a huge demand for the backup power industry in developing countries like India. You can boldly start any business related to this industry.
You can tie up with any backup power brand and start your own business. One such opportunity is to start a True Power battery dealership in your area.
In this article, we will give you complete information about the True Power battery dealership. This article contains all the topics related to the True Power dealership, which includes True Power Battery dealership cost, profit margin, shop space required, licenses, and registrations, whom to contact, etc.
Why choose True Power dealership?
Based in Delhi, True Power is India’s well-known backup power & solar energy solution Company. The brand has channel partners and distributors all over the country.
True Power offers Inverter and UPS Systems, Tubular Batteries, Solar-powered inverter systems, stabilizers, and other products like geysers, etc.
Licenses and Registrations Required
These are the licenses and registrations required to open a True Power 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
True Power battery dealership cost
You need approximately 5 to 6 lakh rupees to start a True Power 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 True Power battery dealership
From the True Power battery dealership, you can expect a profit margin of 25% to 30%.
The profit margin in the True Power 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 True Power Dealership
You require a minimum space of 100 to 200 square feet shop area to open a True Power battery dealership. Make sure that your shop has good connectivity.
How to get True Power battery dealership?
To get a True Power dealership, first, you need to contact your area’s True Power battery sales manager. You can get his number by calling True Power battery toll-free number 1800 115 152.
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 True Power battery dealership mainly depends on factors like the density of other True Power 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 a True Power battery dealership?
You require a minimum space of 100 to 200 square feet of shop space
Investment required to start a True Power battery dealership?
You need to invest around 5 to 6 lakh rupees
What is the Profit Margin in a True Power battery dealership?
You can expect a profit margin of 25% to 30%
How to contact True Power for the dealership?
You can call their toll-free number 1800 115 152.
I hope this guide to ‘True Power 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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