Are You Eligible? Criteria for Starting an Electric Bike Dealership
Electric vehicles have revolutionized the Indian market, with sales continuing to soar. Every day, new dealerships are opening across the country, and buyers seem to be satisfied with the modern mobility provided by electric scooters in India. In the fiscal year 2024, the number of electric bikes and scooters sold in India has increased tremendously, with analysts reporting that 231338 vehicles have been sold so far. Many manufacturers are expanding their production facilities to meet the growing demand. The increasing demand for electric bikes in India is also inspiring entrepreneurs to consider starting a new business. Many people have been asking about how to start an Electric Bike Dealership and what the eligibility criteria for such a dealership are. This post aims to assist anyone seeking information on how to open an electric bike dealership in India.
Eligibility for electric bikes dealership in India
As electric bikes and e scooters have become a very demanding commodity in India, opening their dealerships can be highly profitable for you. However, if you want to start an electric scooter dealership in India then you must look at some eligibility criteria, which are mentioned below.
1. You must be at least 18 years old or above to have your own e-bike dealership in India.
2. You must have completed your 12th schooling or graduated to get a dealership.
3. Your experience in the automobile industry or dealership is good to have.
4. You should have the capacity to invest at least a minimum amount of 10-12 lakh.
5. You should have ground floor space for the showroom and service center.
6. Minimum area required for the showroom and service center is 1000-1500 square feet.
7. You should have a frontage of 20-30 feet.
8. You should have adequate experience in management and supervision.
Additionally, you should also have your documents ready to start an e-scooter dealership in India. The following documents are necessary for electric bikes dealerships in India.
- Aadhaar Card, Pan Card, Passport, Voter ID
- Electricity Bill for address proof
- Income Tax Return Document
- Business Registration Document
- Showroom Area Document
- GST Document
- License for dealership
FAQs regarding electric bikes dealerships
1. Is an electric bikes dealership a good money-making business?
Yes. Electric bikes and electric scooters have a good demand in the market due to the rising petrol prices in India. Consumers are also buying them as they are convenient to drive.
2. What is the minimum investment required for an electric bikes dealership?
You don’t need a huge sum of money to start an e-bike or e scooty dealership in India. 10-25 lakh is considered a good investment amount for that.
3. Do I need vehicle registration for electric bikes in India?
Electric bikes and e-scooters are available in a range of power outputs. The most basic model has a 249 W power output. Electric bikes with less than 250 W do not require vehicle registration or a driver's license in India.
4. What is the minimum area required for an electric bikes dealership?
For a start, you must have a ground floor space for the showroom while you also need a space probably at the rear for the service center. The minimum area for dealerships including both showroom and service center should be 1000 square feet and above.
5. Why should we have an electric bike dealership?
Electric bikes are consumed by a range of people. They are considered a cost-effective form of mobility. Moreover, their maintenance cost is also lower than that of traditional petrol bikes. This is why they have a great demand in India where people are more concerned about savings. People can save a lot of money with electric bikes and electric scooters. Additionally, by having an electric bikes dealership, you can play your part in the fight against climate change and global warming.
