Hyundai is the biggest car manufacturer and the largest exporter of passenger cars for seven consecutive years. Starting a Hyundai dealership business in your city will surely prove to be a good business decision for you.
In this article will cover all the information that you must know in order to start the Hyundai Dealership business in your city. So continue reading till the very end.
History of The Brand Hyundai
Hyundai Motors Private Limited is a Seoul, South Korea headquartered car-manufacturing company, was established in 1967 by a construction business owner Mr. Chung Ju-Yung. As the years passed by, it eventually expanded its reach further.
In the year 1996, Hyundai motors stepped into the Indian markets with its fully owned subsidiary, Hyundai India, which is headquartered in the city of Chennai.
In 1998, Hyundai launched the Hyundai Santro, the first Hyundai car in India. The tagline used for the marketing campaigns of Hyundai Santro was, ‘The Sunshine Car’. The Hyundai Santro became popular amongst Indians instantaneously.
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The following are various aspects of Hyundai, which makes it so successful.
Largest Car Manufacturer
Hyundai Motors has the capacity of manufacturing 1.5 million cars, annually, which is a huge number in itself.
Hyundai cars are sold in more than 190 countries across the world, through its 5000 dealership stores and company-owned showrooms. Hence it won’t be wrong to say that Hyundai Motors is a world-renowned company.
What makes Hyundai Cars more reliable for the customers is the fact that it utilizes the best technologies available to ensure the safety of its customers.
Popular Amongst Customers
Hyundai has registered a monthly sale of 59,313 units in the month of November 2020 and there has been observed a constant increase in the sales made by Hyundai India. It is because of the popularity of the Hyundai cars amongst Indians.
As mentioned earlier Hyundai cars are manufactured by utilizing state of art technology to ensure it meets the international safety and quality standards.
Hyundai India is the only car manufacturing company in India that takes its Corporate Social Responsibility very seriously.
Why Should You Start a Hyundai Dealership in your city?
Discussed below are some of the reasons why you should start a Hyundai dealership or franchise in your city,
- Brand Name
Hyundai is in the top fifth position amongst 100 automobile brands worldwide. It is certainly one of the biggest players in the automobile sector. And you should not miss an opportunity to collaborate as a dealership business partner with such a big brand.
- Saleable Brand
Hyundai, a Korean brand sold 48,800 cars in the domestic market, and 10,500 cars were exported, which totals to 59,300 units in November 2020. Hyundai cars are some of the most sold cars in India as a result of which you are expected to make good sales in your Hyundai dealership business.
- Manufactures Variety of Cars
Hyundai manufactures all its car models locally in India. As of now, the company manufactures Hyundai Xcent, Hyundai Santro, Hyundai i10, Hyundai Verna, Hyundai Creta, Hyundai Tucson, Hyundai Elantra, Hyundai i20 Active, Hyundai i20, Hyundai Venue, and Hyundai Grand i10. It has something to offer for everyone.
Requirements to Start Hyundai Dealership
The requirements to start a Hyundai Dealership business in your city are as follows,
To start the Hyundai Dealership, the total area required is that of 4000 square feet. The proposed space should be easily accessible to customers. Moreover, it should also have a designated place for displaying cars and of course a workshop for the repair works.
Investment – How Much Does a Hyundai Dealership Cost in India?
Hyundai has not disclosed the dealership fees or deposit that a dealership business aspirant has to incur however it is estimated that the total investment required to start a Hyundai dealership business in your city should be somewhere around INR 25 to 30 crores.
It should be noted that this amount includes space acquisition, Dealership fees or deposits, payments of the employees, etc.
For the smooth functioning of the dealership business, one needs to have various employees, from a sales manager to a machine operator for the workshops.
Hyundai provides technical training to the employees working at its dealership outlets. In addition to that, the company also offers administrative guidelines along with IT support to its dealership business partners.
Return on Investment
The time to gain a return on investment from the Hyundai dealership business may vary from 3 to 5 years depending on the volatility of the market.
How to Apply for Hyundai Dealership?
Now that you very well know, how to start a Hyundai dealership business in your city, it’s time to apply for the same.
In order to apply for Hyundai, you must fill in the application form available on the official website of the company. If you are selected the officials will get in touch with you to discuss further details regarding starting a Hyundai dealership business.
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We hope that this article helps you become a successful Hyundai dealership business owner; however, if you have any further queries, feel free to leave a comment down below, and we will get back to you soon.