Ola Electric Scooter Franchise Cost In India

Ola Electric Scooter Franchise Cost In India

Taking the OLA Electric scooter franchise is a wise decision to get an additional source of income. Today when the world is shifting its focus toward electric vehicles, the demand for Electric vehicles has increased manifolds compared to petrol and diesel vehicles.

OLA is tapping this opportunity, and investing in the Ola Electric Scooter dealership is a great business option for the dealers.

OLA Electric Scooter: Key Highlights

Check out the details regarding the OLA Electric Scooter before taking its franchise.

How to get the Ola Electric Scooter Franchise

• To apply or raise an inquiry regarding the dealership, interested investors have to fill OLA Electric Scooter Dealership form in an online manner.
  
  Additionally, they have to submit all the required documents along with the form on the official website of OLA Electric Mobility Private Ltd.

• After confirming the email and filling in basic information, officials of OLA will get in touch with the individuals to inform them about the further documentation process.
  
  
• The individuals will receive an OTP on their registered mobile number that they need to submit on the official webpage. The details can be used to check the status of the OLA e-scooter dealership.
  
  When you get selected for the Ola electric scooter franchise, sign the dealership agreement with OLA Electric and pay the deposits as per the agreement. Further, use OLA’s support and training model to launch your dealership.

Ola Electric Scooter Dealership Apply Online

The entire process of applying for an OLA Electric scooter is quite straightforward. The candidates can refer to the official portal and fill out the basic information.

Then the company officials will get in touch with the applicant for further proceedings.
Steps to apply:

• Refer to the company’s official website.
  
  
• Go to Dealership Page
  
  
• Enter Your Email Address
  
  
• Confirm your Email Address
  
  
• Wait for a response from officials
  
  

Eligibility Criteria for the Ola Electric Scooter Dealership

The minimum eligibility criteria to get the Ola Electric Scooter Dealership is as follows:

• The minimum age limit to apply for the franchise is 21 years.
  
  
• Should be Graduate.
  
  
• Can invest up to 70 Lakh - 80 Lakh.
  
  
• Experience in the relevant industry.
  
  
• Should have space for Godown 500 sqft.
  
  
• You should have a 1000 sqft area(500 sqft for showroom and 500 for service Center).
  
  
• Ability of Management/Supervision.

Requirements for starting an Ola Dealership

The documents needed to start with the application process for OLA Electric Scooter Dealership are written below: 

• Personal Documents including Aadhar card, Voter ID, Pan Card, etc.
  
  
• Email, Contact no., Passport size pic
  
  
• Address Proof (Electricity Bill)
  
  
• ITR for Last 2 years
  
  
• Commercial space paper (1000 sqft)
  
  
• Experience of Business (If applicable)
  
  
• Business Registration
  
  
• Udhyam registration
  
  
• EPF & ESIC
  
  
• Establishment License
  
  
• GST Registration
  
  
• Electricity Permission (for transformer)

Investment Required

The main investment required for maintaining the starting stock of electric vehicles, which is almost Rs. 50 Lac. Other costs include godown cost, showroom area, Infrastructure cost, equipment, etc. which will cost around another Rs. 25 Lac.

Including the working capital, the total cost to set up an Ola Electric scooter franchise in India would be almost Rs. 80 – 90 Lac.

The details regarding the overall franchise cost are as follows:

• License fee Rs. 50,000
  
  
• Godown/ Space for showroom/service center Rs. 5 – 7 Lac
  
  
• Interior Infrastructure Rs. 10 Lac
  
  
• Initial Stock (50 Bikes) Rs. 50 Lac
  
  
• Spare Parts for Service Bike Rs. 5 Lac
  
  
• Working Capital Rs. 15 – 20 Lac
  
  
• Other CostRs. 3 – 5 Lac
  
  
• Total Investment Required Rs. 80 – 90 Lac
  
  

Ola Electric Scooter Franchise Cost

The minimum investment needed for the OLA E scooter dealership is almost INR 80 to 90 Lac, including working capital. Based on the location, the kind of investment varies.

Ola Electric Scooter Dealership: Kind of Investment

Minimum Earnings and Profitability (ROI)

When electric vehicles are gaining wider popularity, E-Bikes business is a profitable business opportunity in today’s world. Every major automobile company is introducing new electric vehicles in the market and huge investments to enjoy higher ROI.

Many companies are expected to shift their 100% manufacturing to electric vehicles only in the coming days.

Commission on per Bikes & other incomes:

All the commission of Ola Electric Scooter Dealership per e-bike is discussed below:

• There is 10% – 12% (Net commission)
  
  
• Commission on accessories: 30% on MRP.
  
  In case you can sell 30 numbers of OLA Scooter S1 / S1 pro, then sales revenue margin will be:
  
  
• Then sales revenue will be 30 X 1,22,000= Rs 36,60,000/-
  
  
• Total Monthly sales Revenue of Showroom= 36,60,000/- 

The profits of Ola Electric Scooter Dealers:

• Bikes Commission
  
  
• Instant Discount by the company whenever Bike Orders by cash
  
  
• Extra Accessories
  
  
• Finance (4%)
  
  
• Extra Bonus for Sales target Achieve in sales & Service
  
  
• Insurance Agent Commission

Benefits of Owning an Ola Dealership

Starting an OLA electric scooter dealership comes with a lot of advantages. An Indian electric vehicle such as OLA Electric Scooters is an ideal investment choice due to so many reasons including

• The battery-operated scooters or other vehicles are green and eco-friendly alternatives to petrol and diesel vehicles.
  
  
• In the automobile domain, the direct investment inflow (FDI) is ₹1.56 Lakh Cr.
  
  
• Entrepreneurs can easily take a loan from banks to finance their business.
  
  
• In countries like India, investors look for profitable opportunities in the automobile sector.
  
  
• The Ola Electric Scooter dealers will get complete support from the team throughout their association with Ola.
  
  
• Ola provides attractive dealership opportunities with easy registration and transparent verification procedure.

Conclusion

Being the second-largest country in terms of population after China, India is going to be the biggest market for electric bikes and OLA Electric Scooters in the coming years. Also, the increasing fuel charges of petrol and diesel vehicles have increased the demand for electric vehicles.

Thus, alternative electric vehicles are introduced, which are a clean source of energy for vehicles and profitable as well. The surge in petrol/diesel prices has made it unaffordable for the common person, and thus they are switching to electric transportation.

Businesses in India are growing rapidly and if you look for some innovative business ideas, invest in an electric vehicle franchise. Ola is a big player in this segment and OLA scooters are considered safe.

Therefore, the entrepreneurs can consider investing in Ola Electric Scooter Franchise to enjoy better revenues in the future.

Hope this informative guide helps you to know more about the guidelines to take the OLA Electric Scooter Dealership.

Frequently Asked Questions

1. Is Ola Electric scooter dealership profitable?

With the world shifting to e-scooter, investing in this sector will prove beneficial. With a profit margin of more than 25% per sale, taking up the OLA Electric scooter dealership is a wise decision.

2. How do I become an Ola Electric dealer?

To get an Ola electric scooter dealership in India, interested people can fill out the dealership application form of a particular company by referring to their official website.

Make sure to submit all the required documents in the prescribed format. Then the company officials will contact you to brief you about further procedures.

3. Can I take Ola Electric scooter dealership?

If you are interested in taking Ola Electric Scooter Dealership at your nearby location, you need approx. INR 40 – 50 lakh to begin your business. In case, any other dealer is already available at your nearby location; you can then start with low investment as sub- dealers.