{"id":27856,"date":"2022-03-20T13:58:16","date_gmt":"2022-03-20T13:58:16","guid":{"rendered":"https:\/\/smallbusinesshub.in\/?p=27856"},"modified":"2023-02-02T06:43:28","modified_gmt":"2023-02-02T06:43:28","slug":"hero-electric-dealership","status":"publish","type":"post","link":"https:\/\/smallbusinesshub.in\/hero-electric-dealership\/","title":{"rendered":"How to start Hero Electric Dealership in India?"},"content":{"rendered":"\n<p>The use of electric vehicles in India is growing so fast that almost every company in the automobile industry has started making electric vehicles. <\/p>\n\n\n\n<p>The two-wheeler market in particular is changing rapidly towards electric-powered vehicles.<\/p>\n\n\n\n<p>If you are thinking of starting a business in this fast-growing electric market, you can start an electrical scooter showroom by taking a Hero Electric dealership.<\/p>\n\n\n\n<p>This article includes topics like Hero Electric dealership cost, profit margin, licenses and documents required, space required, how to apply for the dealership, 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\/hero-electric-dealership\/#Why_choose_Hero_Electric\" title=\"Why choose Hero Electric?\">Why choose Hero Electric?<\/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\/hero-electric-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\/hero-electric-dealership\/#Space_required_to_start_a_Hero_Electric_Dealership\" title=\"Space required to start a Hero Electric Dealership\">Space required to start a Hero Electric Dealership<\/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\/hero-electric-dealership\/#Hero_Electric_dealership_Cost\" title=\"Hero Electric dealership Cost\">Hero Electric dealership Cost<\/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\/hero-electric-dealership\/#Profit_margin_in_Hero_Electric_dealership\" title=\"Profit margin in Hero Electric dealership\">Profit margin in Hero Electric 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\/hero-electric-dealership\/#How_to_get_a_Hero_Electric_dealership\" title=\"How to get a Hero Electric dealership?\">How to get a Hero Electric 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\/hero-electric-dealership\/#FAQ_about_Dealership\" title=\"FAQ about Dealership\">FAQ about Dealership<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_choose_Hero_Electric\"><\/span>Why choose Hero Electric?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Established in 2007, Hero Electric is India&#8217;s first and largest electric 2-wheeler manufacturing company. The company has a headquarters in Gurugram, Haryana.<\/p>\n\n\n\n<p>As of now, Hero Electric has a more than 50 per cent market share in the Indian 2 wheeler electrical vehicle market.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"335\" src=\"https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2022\/03\/Hero-Electric-Dealership.jpg\" alt=\"Hero Electric Dealership\" class=\"wp-image-27864\" srcset=\"https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2022\/03\/Hero-Electric-Dealership.jpg 600w, https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2022\/03\/Hero-Electric-Dealership-300x168.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>The Hero Electric brand has a presence in 25+ Indian states with more than 700+ touchpoints. It has a manufacturing plant in Ludhiana, Punjab State.<\/p>\n\n\n\n<p>The Hero eclectic scooter brand model names are Atria, Flash, Hero Eddy, Nyx, Optima, and Photon.<\/p>\n\n\n\n<p>The company also manufactures the E-cycle (electric cycle) called Velocity E-cycle.<\/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 documents required to start a Hero Electric dealership.<\/p>\n\n\n\n<ul>\n<li>Dealership License<\/li>\n\n\n\n<li>Business Registration \u2013 Sole proprietorship\/LLP\/Pvt Limited<\/li>\n\n\n\n<li>Trade Licence \u2013 from the local municipality<\/li>\n\n\n\n<li>Shop &amp; Establishment Registration \u2013 from the state board<\/li>\n\n\n\n<li>GST certificate<\/li>\n\n\n\n<li>Good CIBIL score<\/li>\n\n\n\n<li>Valid land documents \/ Lease agreements.<\/li>\n\n\n\n<li>Business Insurance<\/li>\n<\/ul>\n\n\n\n<p>If you lack capital, then you can approach banks for Business loans with a proper business plan.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Space_required_to_start_a_Hero_Electric_Dealership\"><\/span>Space required to start a Hero Electric Dealership<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>You require a minimum of 1800 to 2200 square feet of showroom and 2000 square feet of the workshop to start a Hero Electric scooter dealership.<\/p>\n\n\n\n<p>So overall commercial space required is 4000 square feet.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Hero_Electric_dealership_Cost\"><\/span>Hero Electric 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\/2022\/03\/Hero-Electric-Dealership-cost.jpg\" alt=\"Hero Electric Dealership cost\" class=\"wp-image-27865\" srcset=\"https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2022\/03\/Hero-Electric-Dealership-cost.jpg 600w, https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2022\/03\/Hero-Electric-Dealership-cost-300x94.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>To start a Hero Electric dealership, you need approximately 60 lakh rupees of investment, considering a 2000 square feet showroom and 2000 square feet workshop.<\/p>\n\n\n\n<p>Here is the break-down of the investment,<\/p>\n\n\n\n<ul>\n<li>Minimum working capital required\u200a-&gt;\u200a50 lakhs ( to run the business)<\/li>\n\n\n\n<li>Showroom interior\u200a-\u200a&gt; 5 to 6 lakh rupees<\/li>\n\n\n\n<li>Machines and equipment for the service centre\u200a->\u200a3 to 4 lakh rupees<\/li>\n\n\n\n<li>Miscellaneous expenses\u200a->\u200a2 lakh rupees<\/li>\n\n\n\n<li>Showroom\/Warehouse lease amount -\u200a(extra)<\/li>\n<\/ul>\n\n\n\n<p>The monthly expenses are Showroom\/warehouse rent, staff and labour salary, inventory purchase, utility bills, etc.<\/p>\n\n\n\n<p><em><mark style=\"background-color:rgba(0, 0, 0, 0);color:#ff0000\" class=\"has-inline-color\"><strong><span style=\"text-decoration: underline;\">Related:<\/span><\/strong><\/mark><\/em><\/p>\n\n\n\n<ol>\n<li><a href=\"https:\/\/smallbusinesshub.in\/ather-dealership\/\" data-type=\"post\" data-id=\"27785\">Ather Electric Scooter Dealership | Complete Guide<\/a><br><\/li>\n\n\n\n<li><a href=\"https:\/\/smallbusinesshub.in\/pure-ev-dealership\/\" data-type=\"post\" data-id=\"27659\">Pure EV Electrical Scooter Dealership? | Complete Guide<\/a><\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Profit_margin_in_Hero_Electric_dealership\"><\/span>Profit margin in Hero Electric dealership<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Apart from vehicle sales, Ev dealers also make profits from other sources.<\/p>\n\n\n\n<p>The total profit in the Hero Electric dealership is as follows,<\/p>\n\n\n\n<ul>\n<li>Hero Electric Sales Margin -&gt; up to 8% to 12% ( of Ex-Showroom Price )<\/li>\n\n\n\n<li>Commission from insurance &#8211; 12% to 20% ( of OD amount )<\/li>\n\n\n\n<li>commission from loan &#8211; about 3% to 4% ( of the loan amount )<\/li>\n\n\n\n<li>Commission from Accessories sale &#8211; 15% to 20%<\/li>\n\n\n\n<li>Commission from spare parts sale &#8211; 15% to 20%<\/li>\n\n\n\n<li>The margin on service &#8211; 25 to 30% (labour charges, engine oil, etc.)<\/li>\n<\/ul>\n\n\n\n<p>The after-sales service of electrical vehicles is very low compared to traditional internal combustion engine (ICE) vehicles. So a good margin is essential in vehicle sales.<\/p>\n\n\n\n<p>After 3 to 4 years you can expect some revenue from spare parts sales, especially the battery needs replacement.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_get_a_Hero_Electric_dealership\"><\/span>How to get a Hero Electric dealership?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>You can contact Hero Electric on their toll-free number <a href=\"tel:1860 2662 2662\">1860 2662 2662<\/a>. You can also contact them at  their official <a href=\"http:\/\/heroelectric.in\" target=\"_blank\" rel=\"noopener\">website<\/a>, to get contact details or send an email to <a href=\"mailto:institutionalsales@heroeco.com\">institutionalsales@heroeco.com<\/a><\/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\/2022\/03\/How-to-start-Hero-Electric-Dealership.jpg\" alt=\"How to start Hero Electric Dealership\" class=\"wp-image-27866\" width=\"600\" height=\"188\" srcset=\"https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2022\/03\/How-to-start-Hero-Electric-Dealership.jpg 800w, https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2022\/03\/How-to-start-Hero-Electric-Dealership-300x94.jpg 300w, https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2022\/03\/How-to-start-Hero-Electric-Dealership-768x240.jpg 768w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/figure>\n\n\n\n<p>Also, visit them at &#8211;<\/p>\n\n\n\n<p>Plot No. 57, Udyog Vihar IV, Sector 18, Gurugram &#8211; 122015.<\/p>\n\n\n\n<p>Make sure there is no other Hero Electric dealer in a 6-7 kilometre radius of your showroom. If there is any Hero Electric dealer nearby, then the chances of you getting a dealership are very less.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0);color:#e2332a\" class=\"has-inline-color\"><em><strong>Y<\/strong><\/em><\/mark><em><strong><mark style=\"background-color:rgba(0, 0, 0, 0);color:#ff0000\" class=\"has-inline-color\"><span style=\"text-decoration: underline;\">ou may also Like:<\/span><\/mark><\/strong><\/em><\/p>\n\n\n\n<ol>\n<li><a href=\"https:\/\/smallbusinesshub.in\/battery-business\/\" data-type=\"post\" data-id=\"26809\">How to Start Battery Shop Business | Complete guide<br><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/smallbusinesshub.in\/exide-battery-dealership\/\" data-type=\"post\" data-id=\"26844\">Exide Battery Dealership | Complete guide<\/a><\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQ_about_Dealership\"><\/span>FAQ about 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-1603778916370\" class=\"rank-math-list-item\">\n<h5 class=\"rank-math-question \">How much investment is required for the Hero Electric dealership?<\/h5>\n<div class=\"rank-math-answer \">\n\n<p>You require a minimum of 60 lakh rupees investment to start the dealership.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1603778958967\" class=\"rank-math-list-item\">\n<h5 class=\"rank-math-question \">Shop space required for Hero Electric dealership?<\/h5>\n<div class=\"rank-math-answer \">\n\n<p>The minimum space required is 4000 square feet ( for the showroom and workshop).<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1603778978971\" class=\"rank-math-list-item\">\n<h5 class=\"rank-math-question \">Profit margin in Hero Electric dealership?<\/h5>\n<div class=\"rank-math-answer \">\n\n<p>You can expect a profit margin of up to 8% to 12% on ex-showroom prices.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1603779001892\" class=\"rank-math-list-item\">\n<h5 class=\"rank-math-question \">Hero Electric contact number?<\/h5>\n<div class=\"rank-math-answer \">\n\n<p>You can call Hero Electric on their toll-free number 1860 2662 2662.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<p>I hope this article has resolved many of your doubts related to the Hero Electric dealership. If you have any suggestions feel free to mention them in the comment box below. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The use of electric vehicles in India is growing so fast that almost every company in the automobile industry has started making electric vehicles. The two-wheeler market in particular is changing rapidly towards electric-powered vehicles. If you are thinking of starting a business in this fast-growing electric market, you can start an electrical scooter showroom&hellip;&nbsp;<a href=\"https:\/\/smallbusinesshub.in\/hero-electric-dealership\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">How to start Hero Electric Dealership in India?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":27864,"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\/27856"}],"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=27856"}],"version-history":[{"count":6,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/posts\/27856\/revisions"}],"predecessor-version":[{"id":28559,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/posts\/27856\/revisions\/28559"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/media\/27864"}],"wp:attachment":[{"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/media?parent=27856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/categories?post=27856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/tags?post=27856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}