If you are enthusiastic about motorcycles and want to invest in a motorcycle company and become an owner of its franchise, then this is the right place for you. This article will provide you with all the relevant information on Hero MotoCorp and on how to become a Hero MotoCorp dealer. This article will help the readers in deciding as to why they should invest their money in Hero Motocorp and become the company’s authorised dealer.
The craze for motorcycles among the public is increasing day by day. Earlier, motorcycles were only perceived as a means of transport for people to go from one place to another. But today, they have become so much more. Motorcycles are also a style statement today. People want to buy bikes that suit their style. An ideal bike is one that is affordable, good looking and compliments a person’s look. In India, one cannot talk about motorcycles without mentioning the most popular motorcycle manufacturing company in the country – Hero Motocorp.
The company has been making and selling top quality motorcycles for decades now and it does not look to stop anytime soon. Hero Motocorp has a wide range of motorcycles that appeal to all types of customers. The company’s customer service is also of top quality and that is one of the many reasons that Hero Motocorp has been able to win the hearts of the Indian public and today has built for itself, a huge and loyal customer base in India.
How to Get Hero MotoCorp Dealership?
There are a lot of benefits associated with investing in a company like Hero Motocorp and becoming the owner of its franchise. The first and arguably the most important advantage that an individual gets by investing in Hero Motocorp is that the company has a huge brand name, not only in India but around the world. This helps the franchisee a lot in attracting customers to the Hero Motocorp dealership store and also helps in increasing the sales of the store. Hero Motocorp has a wide distribution network that helps the company in reaching even the remote areas of the country.
The company puts a lot of focus on research and development and keeps coming up with new motorcycles to cater to the changing demands of the customers. The company also puts the franchisee, along with his or her employees, through a training program so that the franchisee can learn the ropes of the business and is fully equipped to successfully run the dealership store. Hero Motocorp also provides support to franchisees in the process of setting up the franchise and also provides assistance in the process of site selection. A franchisee can also get IT support from the company and is also helped by the company in advertising and marketing.
There are certain steps that an individual has to follow in order to become the owner of a Hero Motocorp franchise. Below is a list of steps that an individual should follow to acquire a Hero Motocorp Dealership.
- The first thing an individual has to do to get a Hero Motocorp dealership is to visit the company’s official website.
- From there, he or she should download the Hero Motocorp Dealership application form.
- The next thing that the individual has to do is fill up the Hero Motocorp application form. The candidate will have to provide personal as well as professional details in the Hero Motocorp application form. He or she will have to honestly answer the questions like why the candidate wants the dealership, what is the floor area the candidate has for the franchise, the investment plan that the candidate has for the franchise, etc.
- After completing the application form, the candidate can submit it personally or by the way of courier.
- One thing that a person wanting to become an owner of a Hero MotoCorp franchise should be aware of is that he should not seek assistance or help from a third party or a broker. Instead, the candidate should contact the company himself or herself.
Hero Motocorp Dealership Investment Cost
If there is one thing that every investor wants to know so that he or she can make a decision as to whether to invest in a company or not is the cost of investment involved. The amount of money that an individual is required to put up in order to become the owner of a Hero Motocorp franchise comes to around 50 lakh to 1.5 crore rupees. The cost of investment can vary depending on the location of the franchise store.
As is the case with any other franchise, there are certain requirements that an individual has to fulfill in order to become eligible for the ownership of a Hero Motocorp dealership. The first requirement is regarding the area or outlet space needed to open up the Hero Motocorp dealership store. A sufficient amount of area is required to set up the store so that there is enough room for all the equipment and the workers are also able to work around freely to perform their duties.
The area or outlet space required by an individual to set up a Hero Motocorp franchise ranges from 3,000 to 4,000 square feet. Apart from that, the franchisee also has to make sure that the location for the outlet is on the ground floor and the outlet has a frontage of a minimum of 50 to 70 feet to open up the store.
The other requirement that an individual has to fulfill in order to acquire a Hero Motocorp dealership is that he or she should have adequate knowledge about motorcycles and scooters. The company wants people who are passionate about the products who will help the company in its growth and development.
Dealership Profit Margin
The fact that Hero Motocorp is the largest producer of two-wheeler vehicles in the world is enough of an indication that an individual looking to invest in Hero Motocorp and wanting to become the owner of its franchise will reap a significant amount of benefits. The return on investment in the case of Hero Motocorp is expected to be around 18 percent.
If a person has any query or a problem and wants to get in touch with the support staff of Hero Motocorp to get their queries or questions answered, then they can make use of the following information:
|Head Office||Hero MotoCorp Ltd, 34, Community Centre, Basand Lok, Vasant Vihar, New Delhi – 110057, India.|
|Telephone||+91-11-46044100, 26142451, 2614412|
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More About the Company
Hero Motocorp Ltd., which was formerly known as Hero Honda, is an Indian company that manufactures and sells motorcycles and scooters all across India. The company has its headquarters 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 when two companies – Hero Cycles of India and Honda of Japan got into a joint venture.
Hero Motocorp is such a huge company that manufactures the highest number of two-wheeler vehicles not only in India but also in the world. In India, Hero Motocorp has managed to capture around 46 percent of the entire two-wheeler vehicle market. It was on July 29 in the year 2011 that the name of the company was changed to Hero Motocorp Limited from the previous name Hero Honda Motors Limited. The number of service centers that the company has in India is more than 6000. In the year 2006, Forbes magazine put out a list of the ‘200 World’s Most Respected Companies’.Hero Motocorp was ranked at the 108th position on that list. By March of 2013, the company’s market capitalization was considered to be around 308 billion rupees.
FAQs Regarding Hero MotoCorp Dealership
In order to acquire a Hero Motocorp dealership, the first thing that you have to do is to visit the company’s official website and download the Hero Motocorp application form. Then, you have to fill-up the form with certain personal and professional details. After that, you have to submit the application form, either in person or through the courier service.
The cost of investment required to open up a bike dealership in India usually ranges from 30 to 50 lakh rupees.
The area or outlet space required by an individual to set up a Hero Motocorp dealership store ranges from 3,000 to 4,000 square feet.
At the Auto India Best Brand Awards of 2012, Hero Honda received the award of ‘Best Advertising’ and ‘Best Value for Money Bike Maker’ in the category of two-wheeler vehicles. The Trust Research Advisory also published a report titled ‘The Brand Trust Report’ in which Hero Honda was named the 7th most trusted by the people of India. Hero Honda was also given the ‘Business Leader of the Year’ award in the year 2013. All these accomplishments of the company just highlight the fact that Hero Motocorp is on an unprecedented path of growth and success and has no intention of slowing down anytime soon. This makes Hero Motocorp a great investment choice for potential investors out there. So, if you have money and you want to invest in a motorcycle company, there is no better option in India than Hero Motocorp.
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