With the rise in the sustainability movement, the sales of e-rickshaws are bound to rise in the coming years. E rickshaws are very unique to India and nearby nations due to several reasons. The narrow lanes, low cost of investment and easy compliance are the primary drivers behind this rise. Therefore, the businesses looking to invest in transport vehicles can notice a huge profitability in the e rickshaw domain. Whether you are an experienced dealer or a new business person, you should begin considering investing in this product. In this guide, we are going to delve into various aspects, from how to get e rickshaw dealership to the rickshaw dealership cost.
Rise of E Rickshaw Dealership
With these schemes, they direct banks to give low-interest loans for establishing manufacturing setups or getting a dealership. Moreover, the design feature of e-rickshaws also helps in the rising sales. It makes less noise and can navigate in the narrow lanes for last mile connectivity. Therefore, more commuters prefer these vehicles.
How To Get E Rickshaw Dealership
To get an e rickshaw dealership, the business must follow certain tips. They should begin by researching the market to understand the customers, competition and brand. They must choose an ideal land area and plan the infrastructure. Then they must choose the brand by analysing their reputation, certifications acquired, quality of vehicle, and service offered. A reliable manufacturer not just sells the vehicle but also layout plans for sales, marketing and provides technical assistance. Meanwhile, a team for sales and execution should be set up by the dealer.
E Rickshaw Dealership Cost
Here is the broad classification of the factors influencing e rickshaw dealership cost:
Vehicle Purchase: Depending on the capital accumulated through personal investments, loans and debts, a decided number of units are purchased, and the average cost of the overall vehicle can be around 1 lakh per unit.
Setup Cost: The equipment, workshop tools, lighting, electricity, appliances and salary of team members come under the set up cost.
Spare Parts: The customers may need spare parts after they have bought the rickshaw from the dealer. These parts should be available in the showroom, which adds to the overall cost.
Location Cost: Buying the land for set up or renting is one of the primary costs of investment.
Conclusion
With the increase in profit margins, the e rickshaw dealers are enjoying benefits from these vehicles. The e rickshaw dealership cost is influenced by factors like location, infrastructure setting, team building, initial investment and spare part collection. By covering these costs, one can set up a dealership with high returns on investment. Singham E Rickshaws is a trusted company for businesses looking to establish their electric rickshaw vehicle showroom. Our policies and dedicated support have benefited a significant number of dealers across the Indian states.
