Hello Guys, Today we will read about the Ola Electric Dealership Business. If you want to start a business in Electric Two wheeler. Then, you can go to the Ola Electric Dealership. It is the best decision for you and your upcoming future. In this post, we will talk about the total investment of an Ola Electric Dealership, Ola Electric Dealership Profit or loss, Space required for the Ola Electric Dealership, and more topics will be covered about how to get an Ola Electric Dealership in India in 2023.
Company Details of Ola Electric
The Ola Electric Company was started in 2017 by Bhavish Aggarwal. Ola Electric was established in 2017 in Bengaluru, Karnataka, India.
| Website:- | https://olaelectric.com/ |
| Founders:- | Bhavish Aggarwal |
| Headquarters:- | Bengaluru, Karnataka, India |
| Product:- | Electric Two wheeler |
| Parent Company:- | Ola Cabs |
| Owner:- | Bhavish Aggarwal |
| CEO:- | Bhavish Aggarwal |
Benefits of Ola Electric Dealership
Ola Electric is one of the leading companies of electric scooter manufacturers in India. If you are thinking of opening an Ola Electric dealership, there are many benefits that you can expect to enjoy.
- Ola Electric is the No 1 Company in Electric vehicles.
- Ola Electric is a trusted and strong brand in India.
- Ola Electric has more than 1,000 Dealers in India.
- It provides High-profit margin.
Requirements for an Ola Electric Dealership
- Area requirements:- To open an Ola Electric dealership store you want a minimum area is 1000 square feet.
- Experience:- You have good knowledge of the automotive industry.
- Employer’s requirements:- You need minimum 5 Employers to operate your Store.
- Inventory:- You should have a minimum of 10 scooters in stock.
- To be Financially strong to invest in the business, Should have basic knowledge of the company.
Eligibility for an Ola Electric Dealership
- The owner should follow all terms and conditions of Ola Electric Company.
- You must have proper money Investment to open this Store.
- Must have a proper space in a good location for the Store.
- The owner must have knowledge of the automotive industry.
- Applicant should be more than 21 years old.
Ola Electric Dealership Cost in India
The cost of an Ola Electric Dealership depends on many factors the location, and size of the shop. According to Ola Electric, the total investment is approximately Rs. 80 Lakh to Rs. 90 Lakh.
- It depends on which scale you are Starting the Dealership industry.
- Dealership Security Deposit via DD: It will be 1 or 2 lahks ( Maximum you can deposit up to 5 lakhs in which the company will provide your interest around 4-5% per annum).
- Initial Stock Purchase:- It depends on you ( Minimum of 15 lac).
- Store Interior and Warehouse: Its cost is up to Rs. 4 to 5 lakhs.
- Shop and godown cost: It depends on whether you are owning or taking on rent.
- Vehicle for Delivery: It depends on whether you are Buying or taking on rent. In the initial stage, you can take on rent.
Space Required for Ola Electric Dealership
Ola Electric Dealership space depends on the size of the store. A minimum space of 100 to 1500 square feet space is needed to start the Ola Electric Dealership. You Should have proper space for a showroom, servicing, and warehouse.
Documents & Licence
- ID Proof:- Aadhaar Card and Pan Card.
- Address Proof:- Ration Card, Electricity Bill.
- Bank Account with Passbook.
- Photo, Email ID, Phone Number.
- Fire safety certificate.
- outlet trade license.
- GST Number.
- Rental agreement.
- No Objection Certificate.
Ola Electric Dealership Profits and Margin:
Ola Electric is the Largest Electric vehicle company and it’s trending nowadays. Ola Electric is a very popular Electric vehicle company. So, Everyone wants to take a Dealership of Ola Electric but they have only one question what will the Profits and Margin of Ola Electric be? So, today we will clarify the margin and profit of Ola Electric.
Ola Electric Dealership can generate a net profit margin of 20% to 25%. According to industry estimates, the average ROI for Ola Electric in India is around 12-18 months. This means a Dealership can expect to break even and start earning profits after about 1.5-2 years of operation. Here, You can earn more than Rs. 50,000{Monthly} and it totally depends on your sales.
How to apply for an Ola Electric Dealership in India?
- First, you have to go to the site of Ola Electric.
- https://olaelectric.com/dealership
- Then, fill out the form.
- After That, You will get a call back from ola electric.
- The area manager will help you set up your business.
- The Area Manager will provide you with training.
- This process will take max 30 days.
- After this, you can start your Ola Electric Dealership.
Ola Electric Dealership Contact Details
If you are getting any issues or want to take an Ola Electric Dealership, you can contact them from here. All details are mentioned below:-
Address: 4th Block, 17th Main, 100 Regent Insignia,#414, 3rd 560034 Bangalore-Bangalore.
Telephone: 08033113311
Website: https://olaelectric.com/
Email ID: [email protected]
Frequently Asked Questions of Ola Electric Dealership:
Q 1. What is an Ola Electric Dealership?
Ans: Ola Electric is one of the leading companies of electric scooter manufacturers in India. If you are thinking of opening an Ola Electric dealership, there are many benefits that you can expect to enjoy. Ola Electric is the No 1 Company in Electric vehicles and Ola Electric is a trusted and strong brand in India.
Q 2. What is the cost of an Ola Electric Dealership in India?
Ans: The cost of an Ola Electric Dealership in India is approximately Rs. 80 Lakh to Rs. 90 Lakh.
Q 3. How to open an Ola Electric Dealership?
Ans: First you have a good investment and patience. Then, some criteria like the need for all documents and the need for space for opening. First, you must send all the details and pictures of the store & godown. Then they will review your application. If you get approved then you can start your dealership store.
Q 4. What is the profit of the Ola Electric dealership?
Ans: Ola Electric Dealership can generate a net profit margin of 20% to 25%. According to industry estimates, the average ROI for Ola Electric in India is around 12-18 months. Here, You can earn more than Rs. 50,000{Monthly}.
Q 7. Who owns the Ola Electric dealership now in India?
Ans: Bhavish Aggarwal owns Ola Electric now in India.
We wish you got all information about the Ola Electric dealership. if you think that some more topics can add or you have your issue then you can comment down| mail us. you can grow with businessuniqueidea. Thanks for visiting our site. Have a nice day.
