Hero MotoCorp Dealership Franchise Cost, Profit - 2023
Updated On : 18-Apr-2024
earn how to apply for Hero MotoCorp Dealership or franchise to get started.Follow the complete tutorial step by step.
If you are passionate about motorcycles and want to invest in a motorcycle company and own their franchise, then this is the place for you. This article will provide you with all the relevant information Hero MotoCorp and on how to become a MotoCorp Hero dealer. This article will help the readers decide why they should invest their money in Hero Motocorp and become the company’s authorized dealer.
The craze for motorcycles in the community is increasing day by day. Earlier, motorcycles were only considered as a means of transportation for people to get from one place to another. But today, they are much bigger now. Motorcycles today are also a style statement. People want to buy bikes that suit their style. An ideal bike is an affordable, good-looking bike that complements one’s look. In India, motorcycles cannot be talked about without mentioning the country’s most in-demand motorcycle manufacturing company – Hero Motocorp.
The company has been making and selling world-class motorcycles for many years now and is not looking to stop anytime soon. Hero Motocorp has a wide range of motorcycles to suit all types of customers. The company’s customer service is also excellent and is one of the many reasons why Hero Motocorp has won the hearts of the Indian public and today it has built a huge loyal customer base in India.
How to Get a MotoCorp Hero Deal?
There are many benefits to investing in a company such as Hero Motocorp and owning its franchise. The first and most important benefit one gets by investing in Hero Motocorp is that the company has a huge brand name, not only in India but worldwide. This greatly helps a franchisee attract customers to the Hero Motocorp store and also helps increase store sales. Hero Motocorp has an extensive distribution network that helps the company reach the remote parts of the country.
The company puts a lot of focus on research and development and keeps pace with new motorcycles to meet changing customer demands. The company places the franchisee, together with its employees, through a training program so that the franchisee can learn the ropes of the business and is fully equipped to run the retail store successfully. Hero Motocorp provides franchisees with support in the process of setting up the franchise and also provides assistance in the site selection process. A franchisee can get IT support from the company and the company helps him in advertising and marketing.
There are certain steps that one must follow in order to become the owner of the Hero Motocorp franchise. Below is a list of steps one should follow to get a Motocorp Hero Deal.
- The first thing one must do to find a Hero Motocorp seller is to visit the company’s official website.
- From there, he or she should download the Heroc Motocorp Deal application form.
- The next thing the person needs to do is fill out the Hero Motocorp application form. The applicant will be required to provide personal as well as professional details in the Hero Motocorp application form. He or she will have to answer the questions honestly such as why the seller wants the applicant, what the applicant’s floor area for the franchise is, the applicant’s investment plan for the franchise, etc.
- After completing the application form, the candidate can submit it in person or by courier.
- One thing that one who wants to become the owner of the Hero MotoCorp franchise should know is that he should not seek help or assistance from a third party or broker. Instead, the candidate should contact the company himself.
Motocorp Hero Deal Investment Cost
If there is one thing every investor wants to know so that he or she can decide whether or not to invest in the company. The amount of money one has to put up to become the owner of Hero Motocorp franchise comes in at around Rs 50 lakh to 1.5 crore rupees. The cost of the investment may vary depending on the location of the franchise store.
Deal Requirements
As with any other franchise, there are certain requirements that one must meet in order to be eligible for Hero Motocorp dealer ownership. The first requirement relates to the outlet area or space required to open a Hero Motocorp retail store. Setting up the shop requires sufficient areas so that there is enough space for all the equipment and that the workers can work freely to perform their duties.
The area or outlet space required by an individual to establish the Hero Motocorp franchise is between 3,000 and 4,000 square feet. Otherwise, the franchisee must ensure that the outlet area is on the ground floor and that the outlet has a frontage of at least 50 to 70 feet to open the store.
The other requirement that one must fulfill in order to find a Hero Motocorp seller is that he or she should have sufficient knowledge of motorcycles and scooters. The company is looking for people who are passionate about the products that will help the company grow and develop.
Deal Profit Margin
The fact that Hero Motocorp is the largest producer of two-wheeled vehicles in the world can be rewarding for anyone who wants to invest in Hero Motocorp and wants to own its franchise. The return on investment for Hero Motocorp is expected to be around 18 percent.
Deal Inquiry
If anyone has any questions or problems and wants to contact the Hero Motocorp support team to answer their queries or queries, then they can use the following information:
| Head Office | Hero MotoCorp Ltd, 34, Community Center, Basand Lok, Vasant Vihar, New Delhi – 110057, India. |
| Telephone | + 91-11-46044100, 26142451, 2614412 |
| Fax | + 91-11-26143321, 261143198. |
Other Opportunities:
More About the Company
Hero Motocorp Ltd., formerly known as Hero Honda, is an Indian company that manufactures and sells motorcycles and scooters across India. The company’s headquarters are in the city of New Delhi, India which is also known as the capital of the nation. The company was started in 1984. It was started by the joint venture of two companies – Hero Cycles of India and Honda of Japan.
Hero Motocorp is such a large company that manufactures the highest number of two-wheeled vehicles not only in India but also in the world. In India, Hero Motocorp managed to capture around 46 per cent of the total two-wheeled vehicle market. It was on July 29 in 2011 that the company’s name was changed to Hero Motocorp Limited from its previous name Hero Honda Motors Limited. The company’s number of service centers in India is over 6000. In 2006, Forbes magazine listed the ‘200 World’s Most Respect Companies’. Hero Motocorp was ranked 108th on that list. By March 2013, the company’s market capitalization was estimated at around 308 billion rupees.
MotoCorp Hero Deal Frequently Asked Questions
How do I become a Hero Service Center dealer?
In order to find a Hero Motocorp seller, the first thing you need to do is visit the company’s official website and download the Hero Motocorp application form. Then, you must fill out the form with certain personal and professional details. Afterwards, you must submit the application form, in person or through the courier service.
How much does it cost to start a bike salesman in India?
The cost of the investment required to open a bike dealer in India is usually between 30 and 50 lakh rupees.
How many areas are needed to set up a Hero Motocrop dealership?
The area or outlet space required by an individual to set up a Hero Motocorp sale store is between 3,000 and 4,000 square feet.
Final Words
At the 2012 Auto India Best Brand Awards, Hero Honda received the ‘Best Advertising’ and ‘Best Value Bike Maker’ award in the two-wheeled vehicles category. The Trust Research Advisory published a report entitled ‘The Brand Trust Report’ which named Hero Honda as the 899 most trusted by the people of India. Hero Honda was awarded the ‘Business Leader of the Year’ award in 2013. All these achievements in the company only highlight the fact that Hero Motocorp is on an unprecedented path of growth and success and has no intention of slowing down at a time no sooner. This makes Hero Motocorp a great investment option for potential investors out there. So if you have money and want to invest in a motorcycle company, there is no better option in India than Hero Motocorp.
Apply for a Hero Motocorp dealership franchise and excel in the automotive business. Partner with India's largest two-wheeler manufacturer.
ok