Hero Electric Dealership -Eligibility, Requirements, Cost, Profits, Applying Process, Contact Details

Do you want to become a dealers or a franchise of a popular brand in India? Are you planning to start a e-vehicle dealership in your location? Want to take up a business with a World-class brand in the two wheeler industry? So, choosing Hero Electric Dealership would be a great option. In this article we discuss about getting Hero Electric Dealership, investment, commission, applying process, documents required and much more.

It is the top Indian players in Electric Two Wheelers by providing customers best of the electric mobility experiences through continuous research and development. Hero Electric has a purpose of achieving all inclusive and sustainable modes of transportation using renewable energy sources.

To provide Indian societies with Zero Emission vehicles, Hero Electric continuously works on innovation and technology in association with its technology partner to provide our customers with best of the technology experience and our customers can reach their destinations without harming the environment .

Electric Vehicles are not going to take the market by storm, but it’s going to be a gradual improvement. No doubt, the demand for vehicles in India has increased numerously during the last decade adding to the rapidly increasing pollution levels in the country. Considering Increasing Pollution in India, many companies adopted the technology of producing electric scooters which will surely overcome the challenges of environmental pollution and it will be eco-friendly as well as economical.

Also Read: Ola Electric Scooter Dealership 

HERO ELECTRIC is a pioneer and market leader in the Indian Electric Two-Wheeler industry. They believe in offering an ecological 2-wheeler solution to our consumers, which above all else, gives our customers excellent value for money. Hero Electric’s endeavour to make the country greener with ‘Zero Pollution’ transportation through its wide range of Electric Vehicles.

• Country’s largest two-wheeler manufacturer.
• Every product manufactured by Hero Electric is closely inspected, rigorously tested by quality engineers and put through 46 stringent quality checks before it reaches our customers.
• Hero Electric is a SA 8000 certified organization that is environmentally conscious, socially responsible and professionally ethical in its business operations.
• 500+ Dealers & growing, 25+ State Presence, 350,000+ Happy customers & counting

Hero Electric Dealership Company Details:

Indian Ev 2 Wheeler Industry:

• EV is Excellent economical alternative to fuel vehicles.
• FDI inflows in the automobile sector stood at US$ 85 billion (Rs.156000000000) (1.56 Lakh Cr).
• India also has a significant cost advantage that attract investment in the sector.
• India is expected to become a leader in shared mobility by 2030, providing opportunities for electric.
• 20000000 (2cr) TW sold every year in India. Approx. 18900000 (189 lakh) E2W to be sold annually by 2025, Business opportunity worth 1,228,500,000,000.
• Government is pushing EV in a manner never seen before, large use of EV will not only help a better climate but also save huge amount of fuel.

Indian EV 2 wheeler Market: 

2 Wheelers are expected to be one of the early adopters of electrification. High vehicle utilization and easy home or work place charging would drive the uptake in the commercial 2W segment.

 

Projected Explosive Growth in Electric 2W (Based on government roadmap)

• 1.26 Lacs :Electric 2W sales on Road (2019)
• 189 Lacs: Electric 2W Sales in Year (2025)

 

Current Two Wheeler Sales in India – 20 Million

• All new 2W sales of less than 150cc to be Electric 2W by 2025.
• 35% of all vehicles to be electric by 2030.
• All new vehicles sales to be 100% pure Electric by 2047.

 

Indian Govt Promoting EVS:

• Centre plans one EV station at each of 69,000 petrol pumps.
• India plans $4.6 billion in incentives for battery makers in EV push.
• GST rate reduction from 12% to 5%.
• Additional income tax deduction of Rs 1.5 lakh On the interest paid on loans taken to purchase EVs.
• Many State Govt grants 100% vehicle tax waiver to EV’s.
• Big companies like Amazon going the EV

Also Read: Ketron Electric Scooter Dealership- Eligibility, Requirements, Cost, Profits, Applying Process, Contact Details

Also Read: Okinawa Electric Scooter Dealership- Eligibility, Requirements, Cost, Profits, Applying Process, Contact Details

Basic Criteria for Hero Electric Dealership:

1. Age should be minimum 21 years.
2. Should be Graduate.
3. Should have capacity to 30 Lakh to 50 Lakh.
4. Experience in relevant products.
5. Should have space for Godown 500 sqft.
6. You should have 1500 sqft area(1000 sqft for showroom and 500 for service Center).
7. Ability of Management/Supervision.

Note: Area should be at Ground Floor and Frontage for showroom (Minimum) 20ft.

Investment for Hero Electric Dealership:

If you want to take Hero Electric Dealership in your area then. You need approximate INR 40 lakhs – 50 lakh to start. Depends on your location that any other dealer is already available or not.

Hero Electric is a largest selling electric bikes in India:

• Dealership (Large, Basic)
• Sub-Dealership

Investment details are given below for a Big showroom:

1. Commercial Space (1000sqft)= 40,000 (Rent)
2. Interior & Infrastructure: 5 Lac
3. Company Deposit: Bank Guarantee (10 Lac)
4. Initial Stock (30 electric Bikes) = 22 Lac
5. Spare Parts for Service Bike = 1Lac -2 Lac
6. Working Capital = 3 Lac
7. Lightining & Pipeline fitting= 2 Lac
8. Computer System, Printer, Internet Connectivity, Phones & Staff Dress = 2 Lac.
9. License fee: 15,000

Note: But you can Start this Business in the investment of 30 Lac

Space Required for the Hero Electric Dealership Showroom:

If you want to open Hero Electric dealership then you need Total Area of 1,500 Sq. Ft. In which  for Showroom 700 Sq. Ft., Workshop 300 Sq. Ft, Warehouse 500 Sq. Ft. But if you want to open your showroom then you may need more space.

Also Read: OKAYA Electric Scooter Dealership- Eligibility, Requirements, Cost, Profits, Applying Process

Also Read: Tunwal Electric Scooter Dealership- Eligibility, Investment, Dealers Margin, Contact details

Product Details Of Hero Electric Scooter:

The Hero Electric company offers a range of electric scooter variants through its brand portfolio which is given below:

• Atria

Hero Electric Atria Brochure

Hero Atria Technical Specifications:

The price of Hero Electric Atria starts at Rs. 66,640. Hero Electric Atria is offered in 1 variant – Atria LX which comes at a price tag of Rs. 66,640.

• Flash

Hero Electric Flash Brochure

Hero Flash Technical Specifications:

The price of Hero Electric Flash starts at Rs. 46,640 to Rs. 66,640.

• NYX

Hero Electric NYX Brochure

Hero NYX Technical Specifications:

• Optima

Hero Electric Optima Brochure

Hero Flash Technical Specifications:

The price of Hero Electric Flash starts at Rs. 51,440.

• Photon

Hero Electric Photon Brochure

Hero Flash Technical Specifications:

• Velocity – Electric Cycle

Documents & License:

1. Personal Documents like Aadhaar card, Pan Card, Voter ID
2. ITR for Last 2 years
3. Commercial Space Photographs
4. Experience of Business (If applicable)
5. Business Registration
6. Udhyam registration
7. EPF & ESIC
8. Establishment License
9. GST Registration

Hero Electric Dealership Profit:

All the commission of Hero Electric dealership on per e-bike is 5% -8%  (Net commission)

Commission on accessories: 30% -40% on MRP (Net Profit).

Hero electric Photon & Optima Bikes/ scooty = Rs 74,772.00 to Rs 78,206.00

Average = 75000/-

Gross Profit on per E bikes : Rs 5600 – 6500

If you sale 20 Nos. of hero electric bike per month then = 20 X 6000 = 1, 20,000

Gross Profit per month will be 1,20,000/-

Hero Electric Dealership Showroom Expenses:

Monthly Net Profit of Showroom  : Gross profit – Expenses

= 1,20,000 – 37,000

= 83,000/-

Profit of Dealers:

1. Bikes Commission
2. Extra Accessories
3. Finance (4%)
4. Extra Bonus for Sales target Achieve

Also Read:RAFT Motors Electric Bike Dealership- Basic Criteria, Documents & License, Investment, Profit, How to apply and all details

Also Read: Benling India Electric Scooter Dealership- Basic Requirements, Documents & License, Investment, Profit, Contact details

How to apply for the Hero Electric Dealership ?

To apply for the Hero Electric dealership, you have to follow some step which is given below:

• For the dealership you have to visit its official website: Click Here
• Click on the above link.
• After landing on the new Hero Electric Dealers enquiry page, they ask some details.
• Fill all the required details.
• Finally submit the form successfully.
• After submitting all the details you will get thank you message.
• So this is the final step, and you are successfully registered for Hero Electric Scooter Dealership. In case you have any questions or queries, then you can ask us in the comment section below at any time.
• Within a week the company’s executive will contact you and share you the all details. If they not reply then you can call on number: 186026622662.

Hero Electric Dealership Contact Number:

If you have any query related to the Dealership or you want to reach out to the Company, you can contact them via the available contact options that I’ve mentioned below!

TOLL FREE NO :1860-2662-2662  (9:30am to 6pm, Monday to Friday)

Head Office

Plot No. 57, Udyog Vihar IV, Sector 18 Gurugram, Haryana. 122015

Hero Electric Dealership Expansion Location:

• North :- Delhi,  Uttar Pradesh, Haryana, Himachal Pradesh,  Punjab, and Uttaranchal
• South :- Kerala, Karnataka, Tamil Nadu, Andhra Pradesh
• East :-Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim, Odisha
• West :-Gujarat, Rajasthan, Maharashtra, Goa
• Central :-Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand
• Union Territories :-Pondicherry, Chandigarh, Lakshadweep, Daman and Diu ,Jammu and Kashmir,

Also Read: Joy Electric Scooter Dealership- Eligibility, Requirements, Cost, Profits, Applying Process, Contact Details

F.A.Q(Frequently asked question):

Q. How can I be sub-dealers of Hero Electric ?

Ans: First of all, you have to apply for the dealership and when the company will contact you then you can ask them for sub-dealers. If there is any dealers already available then you can be sub-dealers in your area.

Q. How many days takes to do all the process?

Ans: Approx 20-25 days

Q. Total Investment for Hero Electric Dealership in India ?

Ans: If you want to take Hero Electric Dealership in your area then. You need approximate INR 40 lakhs – 50 lakh to start. Depends on your location that any other dealer is already available or not. If available then you can start with low investment as sub- dealers.

1. Commercial Space (1000sqft)= 40,000 (Rent)
2. Interior & Infrastructure: 5 Lac
3. Company Deposit: Bank Guarantee (10 Lac)
4. Initial Stock (30 electric Bikes) = 22 Lac
5. Spare Parts for Service Bike = 1Lac -2 Lac
6. Working Capital = 3 Lac
7. Lightining & Pipeline fitting= 2 Lac
8. Computer System, Printer, Internet Connectivity, Phones & Staff Dress = 2 Lac.
9. License fee: 15,000

Q. Is Hero Electric dealership profitable?

Ans: Yes. its Profits & Margin is really high and it is one of the best investment opportunities for the new entrepreneurs and for individuals who want to start up a 2- wheeler dealership business. And In coming era there will be high demand of electric vehicle.

Ans: It depends on the state of discharge, but it take around 2.5 – 3 hours if completely discharged.

Q. Does Hero electric scooter need registration? 

Ans: Hero Electric Scooter hasn’t launched yet. Moreover, you need no license or registration in India for the electric scooters that have their top speed capped at 25 km per hour or has a motor of 250W or lower. However, the Hero Electric Scooter is powered by a 6000 W Hub Motor, thus requiring license and registration.

Q. What are the running cost for riding Hero Electric Scooter ?

Ans: You will have no worries about rising fuel prices at the pumps. All the electrically powered vehicles use household electricity. The average cost per kilometre is about 10 paisa per kilometre. E.g., Riding your bike for 100 kilometres would cost you 10 Rupees.

Q. Is there any Security Deposit or not?

Ans: Company Deposit: Bank Guarantee (10 Lac)

Q. Can I wash my electric vehicle ?

Ans: Yes, you can wash your E-Vehicle with water but NO high pressure should be used.

Q. How can I contact Hero Electric Dealership?

Ans: All the information is given above. You can call on toll free number: 1860-2662-2662 . Or you can visit its official website for more details: click here.

Disclaimer: This is not the official website of Hero Electric Scooter. So, the information given in this article may vary from place to place.

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