Hyundai Motor India Ltd. is India’s largest car manufacturer and biggest passenger car exporter. Remaining India’s largest car exporter for a consecutive 7 years period, Hyundai has 346 dealers pan India. Over and above these 346 dealers, Hyundai has 800 service centers across India which provides high quality service and solutions to its ever expanding customers.
How to Get Hyundai Franchise In India
The state of the art vehicles it produces for the society and the excellent service levels has earned Hyundai many awards. Hyundai does not award Franchise directly. One can become Hyundai dealer if they want to be. We provide here pertinent information for becoming a Hyundai dealer.
Investment & cost details to become a Hyundai Dealer
Hyundai has not directly released any information pertaining to the cost of a dealership, investment to be done, pay-back period and probable return on investments etc. However, based on the market information provided by the existing dealers of Hyundai, we are providing here some indicative information about the same.
Hyundai being an established brand in the society, stocking Hyundai products becomes important since sales happens so fast. To meet the basic stocking requirements, a minimum of 4000 Sq Ft is the required space for becoming a Hyundai dealer. Remember, just 4000 Sq.Ft. land will cost around 15 to 20 crores in major cities.
To make the interiors as per the requirement of Hyundai policies, another 5 to 6 crores will be the amount required. Apart from this, since the return on investment on such products depends on the volatility of the market and changing social scenarios in terms of finance and necessities, ensure a portion of finance is allocated towards payment of salaries and maintenance till the return on investment is realized.
Summarizing the finance requirement mentioned above, if you are ready with a total cash of 25 to 30 crores you can immediately go in for a Hyundai dealership.
Return on investment
Hyundai deals high quality high range products that are more sophisticated in nature. This being the case, it cannot be compared with a normal brand on any aspects of the business. Owing to the same, the return on investment for a Hyundai dealership can be expected within 3 to 5 years time from starting the dealership.
Remember, the exact percentage of return on investment cannot be ascertained by any standards since it is dependent on many factors like strategies adopted in sales, location in which the dealership is situated, efficiency of the management in place, promotional activities carried on, their frequency and resultant sales to the promotional activities etc.
If you are selected to become a dealer of Hyundai, ascertain the kind of promotional activities which would fetch you huge business so you can target for an earlier break even and return on investment than the indicated one.
Process to apply for the Hyundai dealership
To get associated with Hyundai Motor India Limited as a dealer, fill in the application form available in the Hyundai website. Fill in all pertinent details asked for in a proper manner and submit the same. Information collected through this application form is mainly personal contacts and your financial capability. Attach all the documents being asked for before submitting.
Alternatively, print the application form, fill in all the details, and attach the required forms and proofs with the same. Submit the complete bunch to the Hyundai India Regional office nearby. If your papers satisfy all criterions, you will be called for further discussions to make you a dealer of the well established brand in India.
- Email: email@example.com
- Call: 1800-11-4645 or 098-7356-4645