OLA Electric Scooter Dealership: OLA Electric scooter franchise is a great opportunity to invest. The world is moving toward electric vehicles, it is obvious that the future is not about petrol and diesel vehicles but Electric. OLA is tapping this opportunity early and expecting great future growth as the nature of the market will be electric engine-centric. This can be also a great business opportunity for franchise holders with massive future opportunities.
OLA Electric Mobility Private Ltd. has launched its electric scooter for the Indian market on 15, August 2021. Their main manufacturing plant is based in Tamil Nadu, India and it will be done in India and Netherlands. In this article, we will learn about How to get an OLA electric scooter dealership in India, the cost of an electric scooter dealership, what documents require to start the application and, how to apply online.
Ola is a huge name when it comes to ride-sharing companies. Ola strategically used the refer and earn marketing technique to increase its volume of services throughout the country. Successful company within a few years after its startup, the company began venturing into subsidiary companies under its name.
Ola Electric was founded just a few years back in 2017 by Bhavish Aggarwal, one of the founders of Ola. The intention of founding Ola Electric was to bring out electric bikes to the Indian people. Ola E-Bikes was launched under this subsidiary company from Ola to be one of the first Indian companies to introduce electric bikes throughout the country.
About OLA Electric Scooter Manufacturing
|Company||OLA Electric Mobility Private Ltd.|
|Launch||15 August 2021|
|Manufacturing Place||Tamil Nadu, India|
|Dealer Age Limit||21 years and above|
|Ola Electric Scooter Cost||Rs. 99,999 – Rs. 1,29,999 INR|
Ola Scooter Dealership Cost
The major investment requires is for the initial stock of scooters, which could cost around Rs. 50 Lac. Godown, showroom space, interior Infrastructure, helping devices, etc will cost a further Rs. 25 Lac. However, including working capital, it could cost around Rs. 80 – 90 Lac.
The Electronic Vehicle trend is slowly starting to grasp the Indian market and within a couple of years, almost half of the vehicle owners in India will be using the new technology. It is also a great initiative from vehicle manufacturing companies to save the environment and as well as reduce costs in the long term. Therefore, it will be justified to say that electric vehicles (two-wheelers and four-wheelers) have got a solid future.
Ola dealership cost is a heavy investment in today’s market but guarantees profit as well. entrepreneurs looking to get a dealership of Ola E Bikes would have to incur a dealership cost of around INR 80-90 lacs including the infrastructure, showroom space, pieces of equipment, and all other things.
80-90 lacs which is almost close to 1 crore is a huge investment. But, looking at the demand for the magnificent-looking Ola E-Bikes, getting the dealership will be an outstanding business opportunity for aspiring entrepreneurs
|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 Cost||Rs. 3 – 5 Lac|
|Total Investment Required||Rs. 80 – 90 Lac|
How to get OLA E-Scooter Dealership
To apply or enquire for a dealership you need to fill out the online OLA Electric Scooter Dealership application form and submit some documents on the official website of OLA Electric Mobility Private Ltd.
After confirming your email and filling in basic information, officials of OLA will contact you for documents and further procedures.
You will receive an OTP on your registered mobile number which you need to submit on the official webpage so that you can see your OLA e-scooter dealership / OLA Electric Scooters Dealership status.
Please read the below information to learn about e-bike dealerships and documentation.
How to Apply Online/Enquire for OLA Electric Scooters Dealership?
It is a simple process to apply for an OLA Electric scooter using an online portal. Applicants need to fulfill the form with some basic information and company officials will return it to the applicant for further proceedings.
- Go to Company’s official website.
- Go to Dealership Page
- Enter Your Email Address
- Confirm your Email Address
- Wait for reply from officials
Documents Required for the OLA Dealership
Must required documents to start the application for OLA Electric Scooter Dealership:
- Applicant’s Aadhar Card or Voting ID
- Proof of Residence
- PAN Card
- Land Proof Documents
- Passport Size Photos
- Email ID and Mobile Number
Profit Margin in OLA E-Bikes Dealership
E-Bikes business is a profitable business opportunity. Every Major automobile company is working in this direction and pumping huge investments. In the coming days, some companies are even shifting their 100% manufacturing to electric vehicles only.
The exact profit margin is not been disclosed by OLA but it is said to be 25% per sell.
As said earlier, the EV market in the country is rising and will be grasping the market soon. Therefore, it will be a good thing to expect that the Ola E-Bike dealership business will be a profitable one. Electronic bikes were first launched in India around 2000-2007 and now just before the year Covid started which was in 2019, EV vehicles had a massive sale increase of 509 percent.
On the other hand, when talking about the profit margin of the Ola E-Bike dealership business then it is as much as 25% of the sales value. Dealerships could expect to earn at least INR 2000 more. The numbers are surprising when it is accounted for every month because of the increase in demand for such vehicles.
Ola Electric Scooter Dealership Features
- LED lighting
- front disc brake
- Reverse mode
- Hyperdrive motor
- TFT Display
- Quick pickup
- Hill hold function
- Port charger
- Digital Speedometer
- Mobile Connectivity
Battery Capacity of Ola Electric Scooter
- The Ola S1 has a 2.98 kWh lithium-ion battery
- The Ola S1 Pro has a 3.97 kWh lithium-ion battery
Buyers do not require any additional installation to charge the battery of the Ola Electric Scooter. It requires a regular socket for charging.
India is going to be the biggest market for electric bikes and OLA Electric Scooter can be a big player in this segment. OLA scooter is considered to be a safe and profitable venture. It is a great opportunity if you want to invest in an electric vehicle franchise which is also seen as a futuristic investment. We hope this article will help you to understand OLA Electric Scooter Dealership.
Ola is continuing to bring innovative products to the Indian market. Well, if you are looking to get its dealership in India you would have to invest heavily in it. but, the profit will be huge in long term.
FAQ : OLA Electric Scooter Dealership
Is Ola electric scooter dealership profitable?
Yes. The e-scooter business is profitable as the world is moving towards electric engines. The profit margin in the OLA scooter is up to 25% per sale.
How do I take my OLA Electric Scooter Dealership?
You need to visit the official website of OLA Electric Mobility Private Ltd. and fill out the dealership application form, for further procedures officials will contact you back.
How can I get an electric scooter dealership in India?
To get an electric scooter dealership in India, you need to full fill dealership application form of a particular company on their official and submit the required document. Company officials will contact you for further procedures.
What is the cost of Ola scooter dealership?
The minimum amount of investment for the OLA E scooter dealership is around Rs. 80 to 90 Lac INR including working capital.