Under Rs.75 Lakh
Investment Range
1000-1500 Sq.ft
Area Required
50+
Franchise Outlets
1984
Establishment Year
Hero EV Products and Services
Hero Electric Vehicles Pvt Ltd is an automotive company that was founded in 1993 and is headquartered in Gurugram, Haryana. Sohinder Gill is based in Delhi, India, and has a background in mechanical engineering, business strategy, and business development
Hero Electric is the pioneer & market leader of the Indian Electric 2-Wheeler Industry. Hero Electric is India’s first and largest manufacturer of electric 2-wheelers with hundreds of thousands happy customers and growing.
Know everything about Hero EV Franchise Business Opportunity here. Check out details like its Franchise Review & Ratings, Infrastructure requirement, Support details, ROI tenure & more.
Franchise of Hero EV is a leading Electric Vehicle Franchise. You can check all relevant information & take your franchise investment decision
Hero EV Cost and Investment
Commenced Operations
Operations commenced on
1984
Franchise commenced on
2020
Franchise Details
UNITS
Investment
Under Rs.75 Lakh
Franchise/Brand fee
Rs.20 Lakhs - R
Royalty/Commission
10%
Details
Exclusive territorial rights to a unit franchisee
Yes
Anticipated percentage returns on investment
18%
Likely payback period
24 - 30 Months
Other investment requirements
Rs.50 Lakhs to Rs.1 Crore
Hero EV Expansion Plans
NORTH
Delhi,
Haryana,
Himachal Pradesh,
Jammu & Kashmir,
Punjab,
Uttar Pradesh,
Uttarakhand,
SOUTH
Andhra Pradesh,
Karnataka,
Kerala,
Tamil Nadu,
Telangana,
EAST
Arunachal Pradesh,
Assam,
Manipur,
Meghalaya,
Mizoram,
Nagaland,
Orissa,
Sikkim,
Tripura,
West Bengal,
WEST
Goa,
Gujarat,
Maharashtra,
Rajasthan,
CENTRAL
Bihar,
Chhattisgarh,
Jharkhand,
Madhya Pradesh,
UNION TERRITORIES
Andaman & Nicobar,
Chandigarh,
Daman & Diu,
Lakshadweep,
Pondicherry,
Hero EV Property Requirements
Type of property required for this franchise
Commercial
Floor area requirement
1000-1500 Sq.ft
Preferred location of unit
Commercial
Hero EV Training
Training location
New Delhi
Expert guidance from head office
Yes
Field assistance
Yes
Current IT systems included
Yes
Hero EV Agreement Details
Do you have a standard franchise agreement?
Yes
How long is the franchise term for?
Lifetime
Is the term renewable?
Yes
About Franchise Times
Who We Are?
Franchise Times was promoted by professionals with over 25 years of hands on experience in Franchising. The foundations of Franchise Times were laid to assist entrepreneurs from start-ups, SMEs NGOs and corporates to develop sustainable franchise networks. Our multi-disciplinary and tested approach ensures that the appropriate talent and experience are applied at every stage of our work to ensure our clients' business needs are served professionally and in a cost effective manner.At Franchise Times our success is measured by the growth of our clients' businesses. Within a decade of operation we have created over Rs. 5 million worth of enterprise value for our clients. We've advised over 200 networks and established multiple franchised network locations in India and abroad. We know exactly what it takes to grow a business - many of our clients have come to us with a single location and we've assisted their expansion to India and abroad.
Franchising is a wonderful way to go into business for yourself, but not by yourself. Franchising is an example of teamwork at its best, bringing together talents of a dedicated professionals and management team with hard work, zeal and entrepreneurial spirt of franchisees at the local level to serve our customers.
What We Do?
Franchise Times can help you expand your network in existing and new markets (globally), acquire new clients and increase your revenue, all at a substantially reduced costs.At Franchise Times we follow an innovative approach that offers customized solutions to meet your specific needs in franchising. Staffed with professionals in sales, marketing, logistics and legal who are well empowered and phone-productive, we bring transformational rewards to your business.
Our offering include
- Franchise Opportunities
- Buisness Consulting
- Digital Consulting
- Awards and Events