Tyre franchises offer numerous benefits. They assist their partners by providing training, support, and technology to help them launch and maintain dealerships. MRF dealership also does the same by assisting in providing training, support, and technology to help them launch and sustain dealerships. Madras Rubber Factory (MRF), an Indian multinational corporation, is the world's largest high-quality tyre manufacturer and the fifteenth largest overall.
You have to go over everything if you need to know about opening an MRF Tyres dealership in your city. MRF tyre dealership cost, profitability, dealership application procedure, and much more are all covered. So, keep reading till the end.
Did You Know?
MRF is not just India's largest tyre producer, but it is also the world's 14th largest. However, while most of us only know MRF for its tyres, the company also manufactures and controls a variety of other ancillaries in the market. MRF also sells conveyor belts, toys, tubes, treads, industrial paints, cricket gear, and other items in addition to tyres.
Growth of MRF Tyre Dealership in India
MRF is the clear leader on Indian roads, whether it is due to its tyres' longer life or the fact that it operates on roads that are in bad condition. When it comes to economics and performance, the brand is so powerful that competition has little or no effect on it.
MRF tyres were a trailblazer in many ways compared to other company tyres in India for decades, and the company has an extremely impressive track record in both commerce and performance to prove it. Due to the brand's features, which speak volumes about its performance and quality, it is unquestionably an exceptional brand. This is a significant selling point for MRF franchisees who have no worries about their capacity to succeed in their business.
Also Read: 10 Best Tyre Brands In India
MRF (Madras Rubber Factory) Tyre Dealership
Mr Mappillai created MRF, Madras Rubber Factory, in 1946 in Madras (Chennai), intending to produce balloons. The company began producing tread rubber later that year, in 1952. MRF Limited was formed as a private limited partnership in 1960. It joined Marion Tyre & Tire Company in Ohio, USA. MRF sold tyres to the United States for the first time in 1967, making it the first Indian tyre production company.
MRF Private Limited partnered with Hasbro, the world's largest toy producer, to establish Funskool India in 1989. The company earned ₹10 billion in revenue in 1993, making it the first Indian tyre manufacturer.
MRF tyres have a significant market pull since it offers a complete selection of high items that a consumer may require. As a result, it is safe to say that MRF tyres are highly demanded.
MRF tyre franchise is a well-known tyre franchise around the world. Because of the brand, MRF tyre sales are a profitable dealership business idea. Customers get customer service around the clock, and support is available to assist franchise partners.
Exclusive MRF Stores
MRF tyres prefer to offer its goods through its stores rather than multi-brand tyre stores. As a result, aspiring entrepreneurs will have the possibility to create their own MRF tyres dealership.
MRF tyres distributorship can be as profitable as a car dealership business for entrepreneurs. Once set up, one can expect to generate a good amount of income through it.
Eligibility
If you want to start an MRF tyre franchise and business, the MRF tyre dealership is a wonderful place to start. In this article, you will learn how to get an MRF tyre dealership, how you can apply, what paperwork you will need, and much more.
- The applicant must be at least 21 years old.
- The applicant should have completed 10th grade.
- There should be no criminal cases against the candidate.
- Should know the tyre industry.
Investment and Space Requirement
While the MRF tyres franchise cost to establish a dealership is roughly ₹10 lakhs, the maximum investment, primarily for equipment and machinery, will be around ₹23 lakhs. MRF recommends a built-in area of 370 square meters, or 4000 sq ft of total space.
Comprehensive training and follow-up sessions will be given regularly to enable the franchise to thrive. According to the company's official website, you will also receive a profit margin from the MRF tyre franchise. MRF focuses on the franchisee not just at the start-up phase but also during the maintenance phase, or at the very least until they achieve the minimal breakeven point, according to the company.
Important Documents
Personal Records:
- Aadhaar Card
- PAN Card
- Voter Card
Proof of Address:
- Bill of Electricity/Ration Card
Certificate of Qualification
- Photograph
- Email Address
- Phone Number
- Current A/C and cheque cancellation
Property Records:
- Sale deed / Shop agreement
- A lease agreement
- NOC
Documents for Business:
- GST Identification Number
- Trade license for outlets
- Financial Records
Profits & Margin
The absolute number of sales and MRF tyre franchise profit margin determines your profits and margin. You can expect a higher profit from the corporation if you make enough sales. It depends on how you deal with customers since many people work in 5% to 7%, and even 8%.
So, the company offers different profits of different types, and when you visit the dealership, the company will tell you about the earnings and margins.
MRF is one of India's most popular tyre brands. While MRF is used by most automobiles in India, the brand has instilled in millions of individuals an unshakeable faith. As previously stated, automobiles that were once considered luxury items have become a need of life.
The desire of every person to own an automobile is another aspect that would substantially help the success of a franchise. With so much room for car purchases, the possibility of a tyre business emerges. Whenever it comes to tyres, not all brands have gained the level of trust that MRF has throughout the years.
MRF is such a well-known tyre manufacturer in India that anyone who joins a franchisee does not need to invest even a tiny bit of time or effort in branding or marketing. When customers come in for new cars or services, they instantly ask for MRF tyres, allowing the franchisee to sell MRF branded tyres in large quantities with simplicity.
Also Read: How to Start A Car Dealership Business in India in Easy Steps?
Apply for MRF Tyre Dealership
To apply for an MRF tyre franchise and MRF tyres dealership, contact MRF tyre executives by filling out the contact form on the MRF tyres official website. The MRF official website's Business Opportunities page requests vital personal and official information from potential Franchisees.
If the MRF tyre franchise application form is selected for further consideration, the potential Franchisee is contacted for a personal interview, after which the entire process is completed. MRF dealerships can also be sought directly through their Chennai contact office.
Conclusion
A tyre producer with nine state-of-the-art plants spread across India, MRF is the largest in the country and is recognised among the Top 20 Global Manufacturers. The company is also India's largest Original Equipment Manufacturer (OEM) tyre provider, offering a diverse selection of tyres for vehicles ranging from two-wheelers to fighter planes.
MRF Tyre dealership operations can expect profit margins ranging from 7% to 12%. MRF Tyre dealerships have a profit margin that is directly proportional to the number of sales that have been generated. As a result of increasing your sales, you will be able to qualify for extra offers and bonuses from the firm, as explained above. To start an MRF tyre dealership, you will require around ₹25-30 lakhs.
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