{"id":26963,"date":"2021-12-09T15:59:25","date_gmt":"2021-12-09T15:59:25","guid":{"rendered":"https:\/\/smallbusinesshub.in\/?p=26963"},"modified":"2021-12-09T16:01:04","modified_gmt":"2021-12-09T16:01:04","slug":"veedol-dealership","status":"publish","type":"post","link":"https:\/\/smallbusinesshub.in\/veedol-dealership\/","title":{"rendered":"How to start Veedol Dealership in India?"},"content":{"rendered":"\n<p>In the automotive industry and industrial sector, there is a large market for lubricant oils. So if you are planning to start an engine oil or lubricant oil business, you can tie up with any one brand and get started easily.<\/p>\n\n\n\n<p>There are already well-established Engine oil brands in the country like Castrol, Servo, Shell, Gulf, <a href=\"https:\/\/smallbusinesshub.in\/mobil-1-dealership\/\" data-type=\"post\" data-id=\"26952\">Mobil 1<\/a>, <a href=\"https:\/\/smallbusinesshub.in\/motul-dealership\/\" data-type=\"post\" data-id=\"26959\">Motul<\/a>, Veedol, etc. <\/p>\n\n\n\n<p>In this article, we will give you complete information about the Veedol dealership. This article contains all the topics related to the Veedol oil dealership, which includes Veedol engine oil dealership cost, profit margin, shop space required, licenses, and registrations, whom to contact, etc.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_64 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >In this Post<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/smallbusinesshub.in\/veedol-dealership\/#Why_choose_Veedol_dealership\" title=\"Why choose Veedol dealership?\">Why choose Veedol dealership?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/smallbusinesshub.in\/veedol-dealership\/#Licenses_and_Registrations_Required\" title=\"Licenses and Registrations Required\">Licenses and Registrations Required<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/smallbusinesshub.in\/veedol-dealership\/#Veedol_dealership_cost\" title=\"Veedol dealership cost\">Veedol dealership cost<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/smallbusinesshub.in\/veedol-dealership\/#Profit_margin_in_Veedol_dealership\" title=\"Profit margin in Veedol dealership\">Profit margin in Veedol dealership<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/smallbusinesshub.in\/veedol-dealership\/#Space_required_for_Veedol_dealership\" title=\"Space required for Veedol dealership\">Space required for Veedol dealership<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/smallbusinesshub.in\/veedol-dealership\/#How_to_get_Veedol_Engine_oil_dealership\" title=\"How to get Veedol Engine oil dealership?\">How to get Veedol Engine oil dealership?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/smallbusinesshub.in\/veedol-dealership\/#FAQ_about_the_dealership\" title=\"FAQ about the dealership\">FAQ about the dealership<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_choose_Veedol_dealership\"><\/span>Why choose Veedol dealership?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Veedol brand is owned by US-based company Tidewater Oil Co. Ltd. Tidewater oil is a multi-national company that manufactures and markets lubricants in 65 countries.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2021\/08\/Veedol-oil-dealership.jpg\" alt=\"Veedol dealership\" class=\"wp-image-26904\" width=\"450\" height=\"251\" srcset=\"https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2021\/08\/Veedol-oil-dealership.jpg 600w, https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2021\/08\/Veedol-oil-dealership-300x168.jpg 300w, https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2021\/08\/Veedol-oil-dealership-20x11.jpg 20w\" sizes=\"(max-width: 450px) 100vw, 450px\" \/><\/figure>\n\n\n\n<p>Veedol entered India in 1928 and has a head office in Kolkata. Today Veedol has 500+ distributors and dealers all over the country serving 50,000+ retail outlets.<\/p>\n\n\n\n<p>Veedol serves both the automotive and Industrial sectors. In the automotive sector, it has Motor cycle oils, car oils, heavy-duty vehicle oils, tractor oils, gear and transmission oils, and greases.<\/p>\n\n\n\n<p>In the industrial sector, it offers machinery oils, thermic oils, turbine oils, compressor oils, transmission oils, spindle oils, Mill roll oils, lithium soap greases, coolants, etc.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Licenses_and_Registrations_Required\"><\/span>Licenses and Registrations Required<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>These are the licenses and registrations required to open a Veedol lubricant oil dealership in India.<\/p>\n\n\n\n<ul><li>Company Registration \u2013 Sole proprietorship\/LLP\/Pvt Ltd<\/li><li>Trade Licence \u2013 from your local municipality<\/li><li>Shop &amp; Establishment Registration \u2013 from the state government<\/li><li>GST Registration<\/li><li>Previous bank statement \/ Income Tax Returns Returns<\/li><li>Business Insurance if required<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Veedol_dealership_cost\"><\/span>Veedol dealership cost<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"188\" src=\"https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2021\/08\/Veedol-oil-dealership-cost.jpg\" alt=\"Veedol dealership cost\" class=\"wp-image-26903\" srcset=\"https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2021\/08\/Veedol-oil-dealership-cost.jpg 600w, https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2021\/08\/Veedol-oil-dealership-cost-300x94.jpg 300w, https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2021\/08\/Veedol-oil-dealership-cost-20x6.jpg 20w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/figure>\n\n\n\n<p>You need approximately 4 to 6 lakh rupees to start a  Veedol oil dealership.<\/p>\n\n\n\n<p>The actual investment amount mainly depends on the quantity of inventory\/stock that you are going to buy at the beginning<\/p>\n\n\n\n<p>Other factors like whether you have your own shop or not and the lubricant oil varieties you are going to sell also alter the total cost.<\/p>\n\n\n\n<p>Here is the break-down of the above-said amount,<\/p>\n\n\n\n<ul><li>Dealership Security Deposit -&gt; 1 lakh to 2 lakhs<\/li><li>Initial inventory purchase -&gt; 3 to 3.5 lakh rupees<\/li><li>Shop Interior  -&gt; 25,000 (racks, computer system, Signage board etc)<\/li><li>Equipments -&gt; 20,000 rupees<\/li><li>Shop Advance + First-month Rent -&gt; extra (if you do not own a shop)<\/li><\/ul>\n\n\n\n<p>The working capital required is employee salary, utility bills, adding stocks, shop rent, etc.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Profit_margin_in_Veedol_dealership\"><\/span>Profit margin in Veedol dealership<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>From the Veedol dealership, you can expect a profit margin of 20% to 25%.<\/p>\n\n\n\n<p>The profit margin in the Veedol engine oil 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.<\/p>\n\n\n\n<p>The company offers these bonuses &amp; 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.<\/p>\n\n\n\n<p>Almost all Engine oil brands offer special schemes like cash discounts, quantity discounts, product discounts, &amp; outstanding balance nil, etc.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Space_required_for_Veedol_dealership\"><\/span>Space required for Veedol dealership<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>You require a minimum space of 100 to 300 square feet shop area to open a  Veedol oil dealership. Make sure that your shop has good connectivity.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2021\/08\/Veedol-dealership.jpg\" alt=\"Veedol oil dealership\" class=\"wp-image-26902\" width=\"450\" height=\"188\" srcset=\"https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2021\/08\/Veedol-dealership.jpg 600w, https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2021\/08\/Veedol-dealership-300x125.jpg 300w, https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2021\/08\/Veedol-dealership-20x8.jpg 20w\" sizes=\"(max-width: 450px) 100vw, 450px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_get_Veedol_Engine_oil_dealership\"><\/span>How to get Veedol Engine oil dealership?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>To get a Veedol oil dealership, first, you need to contact your area&#8217;s Veedol sales manager. You can get his number by calling Veedol oil toll-free number 033-7125 7700.<\/p>\n\n\n\n<p>You can also contact them at their official <a href=\"http:\/\/veedolindia.com\" target=\"_blank\" rel=\"noopener\">website<\/a>.<\/p>\n\n\n\n<p>Once you contact the brand, they will be in touch with you and if you are eligible, then help you in launching your dealership.<\/p>\n\n\n\n<p>Your eligibility for the Veedol engine oil dealership mainly depends on factors like the density of other Veedol dealers in your area, your experience in trading, your shop location, and your financial background, etc.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQ_about_the_dealership\"><\/span>FAQ about the dealership<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1603765586072\" class=\"rank-math-list-item\">\n<h4 class=\"rank-math-question \">How much space is required to start a Veedol dealership?<\/h4>\n<div class=\"rank-math-answer \">\n\n<p>You require a minimum space of 100 to 300 square feet of shop space <\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1603765623673\" class=\"rank-math-list-item\">\n<h4 class=\"rank-math-question \">Investment required to start a  Veedol engine oil dealership?<\/h4>\n<div class=\"rank-math-answer \">\n\n<p>You need to invest around 4 to 6 lakh rupees<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1603765693767\" class=\"rank-math-list-item\">\n<h4 class=\"rank-math-question \">What is the Profit Margin in a  Veedol dealership?<\/h4>\n<div class=\"rank-math-answer \">\n\n<p>You can expect a profit margin of 20% to 25%<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1603765768363\" class=\"rank-math-list-item\">\n<h4 class=\"rank-math-question \">How to contact  Veedol for the dealership?<\/h4>\n<div class=\"rank-math-answer \">\n\n<p>You can call their toll-free number 033-7125 7700.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<p>I hope this guide to \u2018 Veedol dealership\u2019 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.<\/p>\n\n\n\n<p><span style=\"color:#d16522\" class=\"has-inline-color\"><em><span style=\"text-decoration: underline;\">You may also Like:<\/span><\/em><\/span><\/p>\n\n\n\n<ol><li><a href=\"https:\/\/smallbusinesshub.in\/mrf-tyre-dealership\/\">MRF Tyre Dealership | Complete Details<\/a><\/li><li><a href=\"https:\/\/smallbusinesshub.in\/tyre-business\/\">How to start Tyre Business in India | Complete Details<\/a><\/li><li><a href=\"https:\/\/smallbusinesshub.in\/tyre-recycling-business\/\">How to start Tyre Recycling Business | Complete Details<\/a><\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>In the automotive industry and industrial sector, there is a large market for lubricant oils. So if you are planning to start an engine oil or lubricant oil business, you can tie up with any one brand and get started easily. There are already well-established Engine oil brands in the country like Castrol, Servo, Shell,&hellip;&nbsp;<a href=\"https:\/\/smallbusinesshub.in\/veedol-dealership\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">How to start Veedol Dealership in India?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"[\"title\",\"meta\",\"content\",\"tags\",\"post-navigation\",\"comments\"]","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_ti_tpc_template_sync":false,"_ti_tpc_template_id":"","footnotes":""},"categories":[15],"tags":[],"_links":{"self":[{"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/posts\/26963"}],"collection":[{"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/comments?post=26963"}],"version-history":[{"count":2,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/posts\/26963\/revisions"}],"predecessor-version":[{"id":27092,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/posts\/26963\/revisions\/27092"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/media\/26904"}],"wp:attachment":[{"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/media?parent=26963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/categories?post=26963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/tags?post=26963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}