Hero MotoCorp Franchise- Apply Online, Cost, Profit, Requirements

This Post is very beneficial for those people who want to become a dealer or a franchise of a popular brand in India like Hero Moto. So if you are thinking of initiating an e-vehicle dealership in your favorite location then read this post. Most people are starting a new business along with the famous company of the Two Wheeler Industry. Right now we have recommended the Hero MotoCorp Franchise to kick-start the business with this company. Today in this post, we will share information about the Hero Motocorp Franchise, the Eligibility Criteria for the Hero MotoCorp Franchise 2024, investment, commission, applying process, and the documents required. Kindly read this post to the end very carefully.

Hero MotoCorp Franchise 2024

In this paragraph, we have shared the basic information about “Hero Moto Corp” So Hero MotoCorp Limited (formerly Hero Honda) is an Indian multinational motorcycle and scooter manufacturer headquartered in New Delhi. The company is one of the largest two-wheeler manufacturers in the world, as well as in India, where it has a market share of about 37.1% in the two-wheeler industry. So this is the company is also famous with the name Hero Honda Motors Ltd.

 

As the biggest two-wheeler maker in India and the “World No. 1” two-wheeler company in terms of unit volume sales over a year in 2001, the company achieved the prized status. Hero MotoCorp Ltd. continues to attain success. The first and biggest manufacturer of electric 2-wheelers in India is Hero Electric, which has hundreds of thousands of satisfied clients and is expanding. In terms of total sales of two-wheelers during a given year, it is the “World No. 1” two-wheeler business. Hero MotoCorp Ltd. keeps up this accomplishment. For details information about the Hero MotoCorp Franchise Company just stay tuned with us until the end of this post.

Key Details – Hero MotoCorp Franchise Company

Name of the Company	Here MotoCorp
Type of Company	Public Company
Industry	Automotive
Started by	1984
Headquarters Location	New Delhi
Company Size	1,001-5,000 employees
Specialties	Largest Two-wheeler manufacturer in the World
Official Website	https://www.heromotocorp.com/en-in/

Benefits to Choose Hero MotoCorp Franchise

Now we are going to talk about many of the benefits of the Hero MotoCorp Franchise. If you are planning to invest in HeroMoto Corp company, then you can get the following benefits as like:-

• Hero MotoCorp produces nearly 9,500 two-wheelers in a day.
• Country’s largest two-wheeler manufacturer.
• They are providing 6000 service centers across the country.
• Hero MotoCorp brand has over 33 years of expertise in the automobile industry.
• Fuel-efficient and low-maintenance motorcycles.
• Moreover, the hero company offers 19 models of Motorcycles and Scooters in the price range of Rs. 40,000 to Rs. 1.08 Lacs.
• Two-wheelers are produced crosswise over four internationally benchmarked manufacturing premises.

Eligibility Criteria for Hero MotoCorp Franchise

• First of all, you must have 4000 sqft area(2000 sqft for showroom and 2000 for service Center).
• The showroom Area should be on the Ground Floor and the Frontage for the showroom (Minimum) 50 ft.
• The ability of Management/Supervision.
• And Candidates should have a capacity of 70 Lakh to 1.5 Crore.

Investment Limit For Hero MotoCorp Franchise

All the interested people who want to grab Hero MotoCorp Franchise/Dealership in your area so. You should arrange the INR 80 lakhs – 2 crores to start. And the investment money will deduct or increase as per the location.

Hero MotoCorp Franchise- Cost:-

As we all know, Hero moto corp is a major big player in the field of two-wheeler Industry. They have main two factors:-

• Dealership (Large, Basic)
• Sub-Dealership

Investment Cost for the Hero MotoCorp Big Showroom

Land (10 years Lease )	5 Lac-10 Lac
Construction of Showroom & Service Center	50 Lac
Interior Infrastructure	20 Lac
Company Deposit	Bank Guarantee (10 Lac)
Working Capital	15 Lac
Initial Stock (50 Bikes)	40 Lac
Spare Parts for Service Bike	5 Lac
License fee	50,000
Working Capita	15 Lac
Lightening & Pipeline fitting	2 LAC

NOTE: There are most people cannot arrange a big amount of money for investment. But they can also open the Hero MotoCorp dealership, by taking the sub-dealership with an initial investment of Rs 25 lakh.

Required Documents & License List for Hero MotoCorp Dealership

• Business Registration
• Udhyam registration
• EPF & ESIC
• Establishment License
• GST Registration
• Personal Documents like Aadhar cards, PAN cards, Voter ID
• ITR for the Last 2 years
• Commercial space paper (3000 sqft – 4000 sqft)
• Experience in Business (If applicable)
• Electricity Permission (for transformer)

Check Hero Dealership Commission

Hero Moto Corp Limited is offering significant margins and profits on automobiles and replacement parts. Here we have to try to tell you about the Hero Dealership Commission:-

• Company will provide average profit = 8% – 10% (depends on models)
• Net profit on Spare Parts= 20% – 25% on MRP

Profit of Dealers:

• Bikes Commission
• Extra Accessories
• Finance (4%)
• Extra Bonus for Sales target Achieve

Example:-

• Hero glamour (BS6)= ₹74,772.00 to ₹84,206.00
• Average = 80,000/-
• Gross Profit: 8000/- + 1000+ 3200 = 12,200/-
• If the owner will sale around 20 Bikes in a month then, the profit will be 2, 44,000/-

Check Hero MotoCorp Service Center Profit

Here we have mentioned the Profit details of Hero MotoCorp Service Center. Check out the given section:-

• If you can expend 5 Lac Spares Parts Per month. So the Gross Profit of Spares parts will be 5 Lac X 20%.
• Gross Profit of Spares parts  = 1,00,000 (1 Lac)

Revenue Sources for Hero MotoCorp Dealership

All the people who have taken out the Hero MotoCorp Dealership, so you can produce your revenue from many sources. In the Hero MotoCorps, there are various revenue channels including the sale of vehicles, service of vehicles, and sales of parts. Despite that, you can also recycle the revenue easily. We will give the market scenario in the below section:-

• Vehicles Sales (3%)
• Retail Finance (up to 3%)
• Insurance (up to 40%)
• Vehicle Servicing
• Parts (25%)
• Engine Oil
• Accessories
• Value Added Services.

Procedure to apply online for Hero MotoCorp Franchise

In this section, we have shared the step-by-step process for the Hero MotoCorp Franchise. Kindly follow the given mentioned steps only:-

•  First, you must navigate the official Website of the Hero MotoCorp Portal.
• The homepage will be open before you.
• On the homepage, you will get the Online Application Form Dealership.
• Now you have to fill up this form with the required details.
• After filling up this form, you have to just Submit this form.
• When the form is reviewed by the company, so you get a call from your local area manager within 2 days.
• Once you talk to the area manager then you can get all the information about the Hero MotoCorp Franchise in India.

How to Get Hero MotoCorp Dealership 2024?

• When people have completely applied for the Hero MotoCorp Franchise. Now the company will check your profile for the dealership in your area.
• After that, you will receive a confirmation mail from the company.
• Then, the company’s executive will provide guidance by calling. If you’ll agree to the dealership.
• In a few, they will come for analysis and survey of your area properly, make a plan, and discuss it with you.
• Next, they will go for further steps if you will agree.
• So the area manager will help you to set up your business and make the agreement.
• You need to pay some amount for the agreement.
• When you get the approval you can start your showroom work.
• They’ll provide you with training and a salesman will work with you.
• Basically, the complete process will take 30 days.
• So, after 30-45 days you can start your Hero MotoCorp Dealership Showroom.

Helpline Details for Hero MotoCorp

• Office Address:– Hero MotoCorp Limited, The Grand Plaza, Plot No.2, Nelson Mandela Road, Vasant Kunj – Phase -II, New Delhi – 110070.
• Toll-Free:- 1800 266 0018
• Official Site:- https://www.heromotocorp.com/en-in/reach-us/contact-us.html.