Starting Electric two wheelers profitable dealership franchise - The Next big thing
Written by Deepak Oct 28, 2021
The market size of electric two-wheelers at the global level is around $ 40312 million in 2019 and it is expected to reach $118657 million till 2030. It is expected to grow at a CAGR of 10.5% from 2020- 2030.
Factors such as the implementation of government regulations to encourage the use of electric bikes, consumer inclination toward use of e-bikes as an eco-friendly & efficient solution for commute, increase in fuel costs, and rise in interest in cycling as fitness & recreational activity are expected to drive the market growth. However, high cost of e-bikes and ban on use of e-bikes in major cities of China hinder the market growth. Furthermore, improvement in bicycling infrastructure & battery technology is expected to offer lucrative opportunities for the electric bike market growth.
These scooters are getting more attention from the government as a reliable and efficient type of light vehicle motor which is helping in removing carbon footprint. Now the entire world is taking initiative to protect the future and it started in 2015 when the Paris agreement took place. Paris agreement of 2015 signed by 195 countries. According to the agreement, countries need to reduce carbon emissions. India needs to reduce the use of fossil fuels. India needs to invest more in carbon-neutral technology such as electric vehicles and renewable energy by 2025. India’s decision to go green opened the door for many green businesses in India. In Fact now the government is promoting green business in India and working on economic growth along with environmental sustainability.
Now Indian government is reducing carbon intensity to 33 to 35 % and and increasing the renewable energy for power supply up to 40% and for these government is opening solar parks and all these goals need to fulfilled by 2030. So the scope of green business looks progressive in India and this contributed a lot in the growth of green business franchise business in India.
According to the experts“Due to the COVID-19 pandemic, commuters are mostly avoiding public transportation. E-bikes are considered a safe, convenient, and affordable alternative to public transportation. According to industry experts and e-bike manufacturers, such as Rad Power Bike, VanMoof, and “Electric e-bike, e-bikes are increasingly considered an ideal transportation mode as cities emerge from the quarantine approaches in the US and Europe. In addition, owing to the government restrictions on public transport because of social-distancing guidelines, commuters are adopting the bike as the mode of day-to-day transportation. For instance, according to the New York Times, U.S. bike sales increased by 85% in March 2020. Thus, the electric bike industry is one of those industries that is poised for better growth post-Covid-19. However, the sale of e-bikes was dampened in the first quarter of 2020, as e-bike stores were closed due to lockdown.”
Increase in global carbon emission by fuel combustion has been one of the major concerns for governments and environmentalists from the past few decades. This, in turn, boosts the demand for electric vehicles across the globe, thereby supplementing the growth of the market. In addition, due to the rise in cost of fuel at international level, increase in pollution, and traffic congestion especially in urban areas have increased the popularity of electric bikes across every continent. Moreover, higher running and maintenance cost of fuel vehicles leads to shift in preference for electric bikes in daily commute, which, in turn, propels the E-bikes market growth.
Best electric two-wheelers distributorship franchise opportunities in India :
Ola electric dealership: OLA is going to launch an OLA electric scooter dealership. They will soon launch their dealership in India. Earlier, they made their market in the Netherlands and after that, they sold their scooters in Europe and India. Recently, the company has announced that soon they will launch their electric scooters which will be of white and black color. Those scooters will have a speed limit of 100 km/hr. Soon after the announcement of the dealership, the company has started seeking people for their OLA electric scooter dealership in India. In India, individuals who are seeking new and fresh business ideas must go for this dealership as this is a profitable business.
Ampere Electric Scooters dealership : Joining hands with Ampere as a dealer brings with itself a number of opportunities for your growth. Electric scooters in India are garnering popularity by the hour. Battery-powered electric scooters are being recognized for their ease in travel and convenient charging. You can be the bridge between Ampere electric scooters and its customers. This will not only benefit us or the consumer but you, as a dealer will also be getting benefits and advantages of electric scooter sales.To give you clarity about why joining hands with Ampere Electric Vehicles for dealerships is a golden opportunity.
HERO electric scooters dealership : In the year 1956, the foundation of brand HERO was laid by Late Mr. Dayanand Munjal with a vision of providing mobility to millions in India. In the following years, the brand expanded itself enormously in varied fields like Bicycles, Motorcycles, Healthcare, among others and became the most renowned & trusted name in India and others parts of the world. After the family businesses were realigned, Kross Bikes, Hero Exports, and Mediva came under the umbrella of Hero EcoTech, the business congregate headed by Mr. Vijay Munjal. Hero Electric is India’s first and largest manufacturer of electric 2-wheelers with hundreds of thousands happy customers and growing. HERO ELECTRIC is a pioneer and market leader in the Indian Electric Two-Wheeler industry. We have been the front runner for Electric Mobility in India for over a decade. They believe in offering an ecological 2-wheeler solution to their consumers, which above all else, gives their customers excellent value for money. Hero Electric’s endeavour to make the country greener with ‘Zero Pollution’ transportation through its wide range of Electric Vehicles, is supported by our Mission of “No Emission”.Currently, they have 600+ dealers all across India.
EVOLET electric scooter dealership : REM launched its brand ‘Evolet’ with its range of EV models in September, 2019 at NCR. Subsequently, the flagship showroom was opened at Gurugram. They are aggressively charting their plan to open 100 plus dealerships across India in 2020-21 for our two-wheeler division. They have finalized their dealerships in the states of Delhi, Haryana, Uttar Pradesh, Punjab, Chandigarh, Haryana, Maharashtra, Telangana, Tamil Nadu, Orissa, Gujarat, Madhya Pradesh, besides Nepal and Bangladesh. The company has also identified key exports markets within the Asia Pacific and the Middle East and plans to start export of products within a year.The models are fully equipped with advanced features such as IOT enabled mobile app, giving riders information on battery health, charging status, and security tracking on the phone using GPS besides reliability and mileage. Efficient after-sales service, quick availability of spare parts, and light weight swappable batteries (available in Lithium) and Valve-Regulated Lead-Acid battery –VRLA models are our topmost strategies for ensuring high customer satisfaction.
PURE electric scooter dealership : PURE acronym stands for Power Using Renewable Energy and true to its name ever since its genesis at IIT Hyderabad, the company has focused on enabling transition to sustainable energy.has announced to increase the dealer margin on its products amid the ongoing Covid-19 lockdown. The company has announced that it has increased the previous 12 percent dealer margin to 15 to 18 percent. The company also says that the increase in dealer margin should result in price benefits to the customers. However, Pure EV also says that the discounts on the company’s products may vary from dealer to dealer. They have 60 happy dealers all across India.
These are the most demanded electric scooter dealerships in India and one can earn a very good profit because now the motto is “ Bye-Bye fuel, Hello electric “ so demand for electric vehicles is increasing day by day. One can also visit FranchiseBazar to know how to get dealerships of these brands or any other brands. You can also clear your doubts from experts who have 25 years of experience in the franchise business.