As India rapidly adopts EVs, everything electric makes good business sense. But before starting an EV dealership, it is better to do some due diligence and get a hang of the market.
The modern world is rapidly transitioning to electric vehicles (EVs) as environmental concerns rise and fuel prices hit the roof. After the recent surge in sales, several startups and major manufacturers are now expressing interest in the EV industry. India is experiencing a surge in EV launches, which has captured the public imagination.
Everything related to EVs is considered a good business proposition as the electric market in India grows. This opens the door to electric automobile dealerships as potentially profitable business ventures.
Know which EV segment – car, scooter or bike – and which firms are generating maximum interest in the market. Depending on the demand, the right type of dealership is a winning business idea.
Knowing your target market is essential for every marketer. By identifying the ideal customer, you should design your business according to their needs.
Use the market research you conducted for the dealership to determine if there is sufficient demand for your product. You need to think about the appeal of your product.
How to Prepare a Dealership Plan
A showroom of around 1,500-2,000 square feet, at least five service bays, a godown for stocking and ample room for operations.
A competent staff is needed to work in the showroom. To get your message out to the public, you may need to hire a marketing staff.
There should be enough money to hire staff, pay for electricity and generators, and cover other expenses for at least six months.
To get a dealership brochure containing all the information about their deal and offer, first contact the company’s corporate office. However, information related to this is also available on the official website of the company.
Submit your dealership application for electric vehicles as per the information provided by the company. Following that, a corporate representative will be in touch with you and present their plan.
Read the Agreement and all its sections carefully to understand the terms, required investment and full disclosure documents. When you and the company are in agreement, sign the dealership agreement and make the required down payment. Use the company’s support and training model to start your dealership.
Requirements for an EV Dealership
Documents Required for Dealership
Voters or Aadhaar Card.
Documents proving ownership or rent of premises for business.
Passport size photo.
(Edited by: Shoma Bhattacharjee)