Lord’s Automotive Dealership
About Lord’s Automotive Dealership
Electric vehicle companies in our country have boosted their production because of the high demand for electric vehicles. Other than that, the support and encouragement from the government have had a great impact on the sales of electric vehicles. Lord’s Automotive is an electric vehicle manufacturing company. It is also one of the fastest-growing electric companies in our country today. This brand is known for manufacturing and selling scooters, rickshaws, and loaders. These models are very carefully designed with the latest technology and with advanced features from top-class engineers. Interestingly, the dealership business option offered by this brand to the general public is something worth knowing and getting. Many who have partnered with this company have revealed that they are getting attractive profit margins from their dealership program. Now, that is one of the reasons why this brand has opened up 300+ dealerships in our country in more than 20 states and will expand more in the coming future.Requirements for a Lord's EV Dealership
Applying for a Lord’s Automotive dealership means you are already becoming a part of one of the fastest-growing electric vehicle companies in India. So, to make a dealership successful you are bound to follow all the terms, conditions, and other requirements from the officials of the company. Here are the requirements for a EV dealership:-- Area Requirement - To open an EV dealership in India, you must have a genuine and good location to start the business. It must automatically attract the officials of the company and make them interested in your land. The minimum land required is between 1000-2000 square feet in India. This component will be serving as the showroom, a service area, and appropriate storage space.
- Documents Required - No documents means you are not eligible to start a dealership business in India. Here are some of the necessary licenses and documents that you must have:-
- EV dealership license
- EV business registration
- Personal documents such as Aadhar card, PAN Card, Voter ID card
- Trade License from the local administration
- GST registration
- IT Returns
- Proper bank account details with passbook
- Business Insurance
- Legal ownership of the land or lease agreements
- Investment required- Investment in such a business is a very important and crucial step. You must make proper and necessary investments so that you can run your business smoothly. The total investment to make may be between Rs 30 lakhs to Rs 1 crore. This investment structure will highly depend on the area, demand, and the type of dealership you are opening.
How to Apply for Lord’s Automotive Dealership?
Applying for Lord’s Automotive dealership is very simple and easy but, make sure to follow all the steps and procedures very carefully. Here are the steps of how one can apply for their dealership program:-- Visit the official website of the company or simply click on this link https://lordsauto.com/application-for-dealer-distributor-registration/
- This link will directly take you to the registration/dealership form page.
- Now, when this page has opened up there will be lots of information that will be asked. Make sure to fill them out properly and carefully.
- You need to provide your business experience, showroom area, warehouse area, and the type of dealership you are willing to open.
- At the end of the form, you will also be asked to fill out bank details put your signature and then finally click on the “apply” button.
Application Process for Lord's Automotive Dealership
Here are the application process for opening a Lord’s Automotive dealership in India:-- The first step that you need to make is to fill out the registration process. Make sure to follow the steps given above to fill out your dealership registration form.
- The second step in the application process includes the legal requirements. This is where the officials of the company will do a background check, zoning affidavits, and exemptions.
- After all these are done, you will be given the dealership agreement form and is required to make a signature on it.
Advantages of Owning a Lord's Ev Dealership
Here are some of the benefits that you will be taking advantage of when you take up their dealership:-- You will be a part of one of the fastest-growing EV manufacturing companies in India. It will help your franchise to boost and get more customers in future.
- This brand has already gained a huge customer base and loyalty over the years. Interestingly, they have already served over 17000 customers to date. So, you can also expect good customers at your dealership.
- You will expect a good and healthy profit margin after opening their dealership program.
- This brand has decades of experience in the EV field and has gained vast knowledge so, you will be a part of the industry experts.