Electric Bike Dealership Opportunities in India

India is a land of opportunities with a dynamic marketplace that attracts millions of people to it while the businesses accumulating in this marketplace contribute tremendously to the country’s GDP. Against this backdrop, this marketplace creates millions of job opportunities every month. Currently, the automotive sector has over 35 million employees; and it roughly points to just over 7% of the total GDP of India. The automobile sector is one of the biggest industries in this huge marketplace where new players are constantly evolving and setting up their ambitions straightway.

In the year 2021, India’s yearly vehicle production capacity was over 22.50 million vehicles comprising all sorts of vehicles for everyday purposes out of which, over 4 million vehicles are exported to other countries around the world.

According to industry forecasts, the Indian vehicle market would reach over US$300 billion by 2026, which will also see some coolest electric vehicles from a range of players.

The fundamental dealership operating model may differ from one brand to the next. Both distributors and dealers buy the items they sell — the distributor from the producer, the dealer from the distributor — and thereby contribute to the maintenance of a supply chain. In the automobile industry, distributors serve no use, and when it comes to sales or spare parts, it is up to the dealership to deal directly with the end-users.

What should you know about electric bike dealership opportunities in India in 2021?

As electric scooter become more fashionable and popular, ambitious business owners and entrepreneurs around the country are investigating their viability. Due to the complicated mechanism and processing method, many individuals are wary of dealerships. This article will assist customers in researching Electric Bike Dealership opportunities in India as well as obtaining vital information regarding the dealership procedure.

For the successful deployment, sales, and maintenance of battery bikes, dealerships are significant industry leaders in the automobile sector. They are the initial point of contact with the user of e bikes. It also allows salespeople to move from one dealer to another for job opportunities thereby creating a sustainable chain of business all along. A typical electric scooter dealership will consist of the management team, Finance and Insurance division, Service team, which also include the mechanics. They together put a formidable group that can boost the business of Electric Scooter and E Bikes for your business.

Prerequisites of setting up a dealership — what should you do before starting an E bike dealership in India.

1. Conduct market research, find out which products clients prefer, and assess demand. While evaluating the demand, keep in mind how your firm may be able to draw part of your consumers’ desire.
2. Each company must identify its target customer. Your best client is a set of characteristics that all of the best clients have in common. By identifying the best buyer, you may plan your organization to meet your needs.
3. The goal of your two wheeler electric dealership market analysis is to see if there is enough interest in your product(s). Subsequently, you must assess the revenue part that your dealership can generate in order to further business ambitions.

Things needed for electric bike dealership in India in 2021

1. Initial Investment: It can be anywhere between 20–50 lacs bare minimum. Mostly, it depends on the brand. Getting a popular brand’s dealership is usually expensive.
2. Floor Space: You definitely need a space to start an e bike dealership in India. Ground floor or basements are best suited while they should also be close to the main road or highway. A space of 3000 sq. ft to 5000 sq. ft is considered ideal with limited investment.

Getting a battery bike dealership comes with lucrative offers and other incentives

The majority of brands provide assistance with the dealership’s interior design, layout, and accessories. They also assist you with detailed instructions on how to comply with business policies.

A person who invests in a specific electric bike brand might expect to reap benefits and receive a speedy return on investment, but this varies from brand to brand because products are also taken into account when determining the profit margin range. The estimated return on investment (ROI) is typically between 15% and 21% per year, and this includes a variety of different incentives from other modules like service centers and sales of accessories and spare parts.

Obtaining a dealership with a high-profitability brand provides you with tremendous business momentum, allowing you to become a leader in next-generation electric mobility. You might be acknowledged for your responsible contribution to a green planet in addition to combating climate change and carbon emissions.

If you want to own a profitable electric bike dealership in India in 2021, AMO Mobility, offers ample space and dynamics with their low-cost Electric Bikes, one of which is meant for physically-handicapped people.