Top 10 EV Two-Wheeler Dealership Franchise Opportunities to Start In 2024

on Oct 07, 2023 | 14726 views

Written By: Moni Evangilin

In the rapidly evolving transportation landscape, electric two-wheelers are poised for a revolution in India. As sustainability gains paramount importance and government initiatives drive the adoption of eco-friendly mobility, franchise opportunities in the electric two-wheeler industry are becoming increasingly appealing. In this blog, we explore the top 10 best electric two-wheeler dealership franchises for 2024. 

These franchises offer a diverse range of electric vehicles, comprehensive support, and investment options to cater to various entrepreneurial ambitions.

Top Electric Two-Wheeler Franchises in India for 2024

AMO Electric Bikes

AMO Electric Bikes presents a lucrative franchise opportunity in India's burgeoning electric vehicle market. With the demand for electric vehicles on the rise due to factors like escalating fuel costs, government incentives, and environmental consciousness, AMO Electric Bikes stands as a well-established and trusted brand. 

Renowned for its quality, reliability, affordability, and innovation, the company offers franchisees a comprehensive support system encompassing training, marketing assistance, and operational guidance. Moreover, the relatively low investment requirement makes it accessible to a wide range of entrepreneurs. 

AMO Electric Bikes franchisees benefit from exclusive territory rights, high-profit margins, and a commitment to continuous innovation, ensuring a competitive edge in this thriving industry. 

When considering a franchise opportunity, it's crucial to conduct thorough research, seek feedback from other franchisees, carefully review the franchise disclosure document, and seek professional advice from attorneys or franchise consultants to make an informed decision.

  • Total Investment 20Lakhs-30Lakhs

Bikewo

Bikewo, a franchise company specializing in electric vehicle rental and charging services, presents a compelling opportunity for entrepreneurs. With a relatively low initial investment, Bikewo is accessible to budget-conscious individuals. 

The surging demand for electric vehicle services aligns well with Bikewo's offerings, promising franchisees a steady influx of business and recurring revenue streams from rental and charging fees. 

Government support for the electric vehicle industry in India further enhances the franchise's appeal. Bikewo stands out by providing comprehensive support, including training, marketing assistance, and operational guidance. 

Additionally, franchisees benefit from exclusive territories, centralized marketing, and an efficient online booking system, all contributing to the potential for a successful and profitable venture in the electric vehicle sector.

  • Total investment Rs15lakhs-20Lakhs

Ather Energy

Ather Energy, an Indian electric two-wheeler manufacturer founded in 2013 by Tarun Mehta and Swapnil Jain, holds a prominent position in India's electric vehicle market. Notably recognized for its exceptional brand reputation, characterized by high-quality products and stellar customer service, Ather Energy offers a diverse range of electric two-wheelers, exemplifying flexibility to cater to diverse customer preferences. 

The comprehensive support extended to franchisees, encompassing training, marketing assistance, and technical support, enhances the franchise's appeal. Positioned within the burgeoning Indian electric two-wheeler market, Ather Energy franchisees can harness substantial growth potential.

Moreover, Ather Energy's high-margin products enable profitable sales, complemented by recurring revenue streams through subscription services like charging and maintenance. 

Exclusive territorial rights, coupled with a relatively low initial investment requirement, further solidify Ather Energy as an attractive choice for aspiring entrepreneurs seeking to establish their electric vehicle dealership. 

In summary, choosing an Ather Energy franchise offers a host of advantages, underpinned by its strong brand, diverse product range, and robust support system.

  • Total Investment Rs2Crores-4Crores

Ola Electric

Ola Electric, a highly respected and well-recognized brand in the electric two-wheeler sector, offers an array of compelling reasons to choose them for a dealership venture. Their brand prominence can serve as a powerful customer magnet, ensuring the potential for a thriving dealership. 

With a diverse product portfolio encompassing scooters, motorcycles, and delivery vehicles, Ola Electric equips franchisees with the adaptability to cater to a wide-ranging customer base. Renowned for innovation, their products like the Ola S1 and Ola S1 Pro electric scooters feature cutting-edge technologies such as touchscreen dashboards, navigation, and voice control, serving as attractive selling points. 

Coupled with government incentives fostering electric vehicle adoption, the burgeoning demand for electric two-wheelers in India, driven by factors like rising fuel costs and heightened environmental awareness, presents a lucrative opportunity for franchisees. 

Additionally, Ola Electric's franchisees benefit from comprehensive training, marketing support, including branding materials and advertising campaigns, and financial assistance to establish and operate their dealerships, making it a compelling choice for aspiring entrepreneurs. 

In essence, Ola Electric's strong brand, product diversity, innovation, government support, and comprehensive franchisee benefits make it an appealing prospect for dealership ventures.

  • Total Investment Rs80lakh - 90lakhs

TVS Electric

TVS Electric, a subsidiary of the esteemed TVS Motor Company, a leader in India's two-wheeler manufacturing industry, presents a compelling franchise opportunity for entrepreneurs venturing into the electric two-wheeler market. Leveraging the reputable TVS brand, franchisees gain a competitive edge in their local markets. 

With a diverse product lineup encompassing electric scooters and motorcycles, TVS Electric affords franchisees the flexibility to cater to a wide spectrum of customer preferences, all while offering competitive pricing to enhance dealership appeal. 

Supported by TVS Motor Company, franchisees receive robust assistance in marketing, sales, and after-sales service, ensuring the successful operation of their businesses. Total investment Rs30lakhs-50Lakhs

Bajaj Auto

Bajaj Auto, a revered name in India's two-wheeler manufacturing sector, boasts widespread popularity, an extensive product portfolio encompassing scooters, motorcycles, and commuter bikes, and a steadfastly loyal customer base. 

Opting for a Bajaj Auto franchise offers numerous advantages, including immediate access to a well-established market owing to the company's strong brand image. The diverse range of products caters to a wide customer base, while comprehensive support in the form of training, marketing, and technical assistance ensures a smooth and expedited business setup. 

Bajaj Auto's commitment to innovation further solidifies its appeal, continually adapting to evolving customer needs. However, it's worth noting that initiating a Bajaj Auto franchise requires a substantial investment and demands a solid grasp of the two-wheeler industry and the Bajaj Auto brand, making it an attractive opportunity for seasoned entrepreneurs in the industry.

  • Total Investment Rs 50Lakhs01Crore

Ampere Electric

Ampere Electric, a prominent player in India's electric two-wheeler industry, boasts an extensive product lineup comprising electric scooters and motorcycles like the Ampere Magnus Pro, Ampere Zeal EX, and Ampere Reo. 

With a successful track record spanning over a decade and over 100,000 electric two-wheelers sold, Ampere Electric's franchise proposition is bolstered by its comprehensive support package encompassing training, marketing, and operational assistance. 

Leveraging a robust brand presence and reputation in the Indian two-wheeler market, franchisees stand to benefit from the rapid growth of the electric two-wheeler sector in India. Beyond these advantages, Ampere Electric diversifies revenue potential with offerings including electric scooters, motorcycles, batteries, and charging stations, and leverages a strong dealer network for an extensive customer base. 

Affordable franchise fees and royalties, coupled with exclusive territories and ongoing support, make Ampere Electric an enticing and accessible opportunity for aspiring entrepreneurs in the electric two-wheeler business.

  • Total Investment Rs 20Lakhs-50Lakhs

Bounce Infinity

Bounce, a prominent electric scooter rental company established in 2018 and now operational in over 100 Indian cities, presents a compelling franchise opportunity. Leveraging its well-established brand recognition, franchisees enjoy a competitive edge in customer attraction. 

Bounce's robust support system encompasses training, marketing, and technical assistance, while the surging demand for electric scooters in India, driven by escalating fuel costs and heightened environmental awareness, offers a promising market landscape.

Government support for the electric vehicle industry further bolsters the franchise's potential. Additionally, Bounce's imminent introduction of innovative features like electric scooter subscriptions and a swappable battery system enhances its attractiveness. 

Pioneering in technology with advancements such as the swappable battery system and a user-friendly mobile app, Bounce provides a distinct market advantage. Moreover, its commitment to sustainability and social responsibility resonates with environmentally conscious customers, solidifying its appeal. 

In summary, Bounce offers a franchise with strong brand recognition, comprehensive support, technological innovation, sustainability focus, and social responsibility, making it a compelling choice for aspiring entrepreneurs in the electric scooter industry.

  • Total Investment Rs 50Lakhs-1Crore

Hero electric

Hero Electric, a prominent electric two-wheeler manufacturer in India, boasts a strong brand reputation and a dedicated customer base. Their extensive product range encompasses scooters, motorcycles, and mopeds, granting franchisees the flexibility to cater to diverse customer needs. 

With competitive pricing, Hero Electric's vehicles become more accessible to customers, ensuring robust sales for franchisees. 

The Indian government's fervent support for electric vehicle adoption is poised to further drive demand for Hero Electric's products. Additionally, franchisees receive comprehensive support, including training, marketing assistance, and after-sales service. 

Furthermore, Hero Electric offers exclusive dealership rights, low initial investment requirements, and the potential for high returns on investment, making it an enticing entrepreneurial opportunity.

  • Total Investment Rs 40Lakhs-50Lakhs

FAE Bikes

FAE Bikes, also known as First and Electric Bikes, represents a groundbreaking model in the electric two-wheeler industry, catering to delivery companies like Swiggy, Zomato, and Myntra, meeting their daily transportation needs while contributing to a cleaner environment and efficient service. 

With a keen interest in expanding its franchise network across India, FAE Bikes offers prospective franchisees guidance, field assistance, and comprehensive training, with a franchise term of three years, renewable thereafter. 

As a leading electric two-wheeler manufacturer in India, the company boasts a diverse product range, including scooters, bikes, and mopeds, and has established a robust presence with over 100 dealerships nationwide. 

Their franchise package encompasses training, marketing support, and financial assistance, further reinforced by a proven track record of successful franchise partnerships, with over 100 thriving franchisees already in operation throughout India. 

Notably, FAE Bikes provides exclusive dealership rights within designated areas, ensuring territorial exclusivity, and is renowned for producing high-quality electric two-wheelers, leveraging cutting-edge technology, and manufacturing processes. 

In summary, choosing FAE Bikes India for a franchise offers a unique opportunity to enter the electric two-wheeler industry with exclusive territorial rights, premium-quality products, comprehensive support, and a proven history of franchise success.

  • Total Investment Rs.30Lakhs-50Lakhs

Conclusion

The electric two-wheeler industry is at the forefront of India's sustainable future. The franchise opportunities highlighted here provide a chance for entrepreneurs to tap into this burgeoning market. 

Whether you're drawn to established brands like Hero Electric or innovative disruptors like Bounce, there's a franchise that aligns with your vision. By joining these franchises, you can be part of the electric mobility revolution while building a thriving business. The path to success in this industry beckons those ready to embrace change and drive toward a cleaner, brighter tomorrow.

Contact FranchiseBazar to learn more about EV franchise opportunities in India.

Disclaimer: The brands mentioned in this blog are the recommendations provided by the author. FranchiseBAZAR does not claim to work with these brands / represent them / or are associated with them in any manner. Investors and prospective franchisees are to do their own due diligence before investing in any franchise business at their own risks and discretion. FranchiseBAZAR or its Directors, disclaim any liability or risks arising out of any transactions that may take place due to information provided in this blog.

 

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