Exide Battery is India’s largest manufacturer of exide battery batteries for automotive and industrial use. It has plants in India and Sri Lanka and a dealer network in 46 countries worldwide.
The company has faced legal and financial challenges in recent years. It filed for bankruptcy protection in 2020.
Profits and Margin
There are a few factors that will affect the profitability of an exide battery dealer. These include the amount of capital needed to open the business, the type of products that you sell, and how much time you spend on marketing. In addition, you should consider whether your state has any legal requirements that you must meet before producing and selling batteries.
If you have enough capital, a good product line, and a strong marketing plan, an exide battery dealership could be a profitable investment. However, before you can begin a battery dealership, you need to consider the costs of starting the business, such as the equipment needed, employee salaries, and shop rent. You also need to determine if there is demand for your products and how much you can charge.
An exide battery dealer can expect to make a profit of up to 30% from their sales. This is directly proportional to the number of batteries that they sell.
The company may also offer bonuses and other incentives to dealers who achieve certain sales targets. These incentives can include cash discounts, quantity discounts, and product discounts.
Another way to increase your profits is to sell a new type of battery or a battery for a specific vehicle. These batteries can have a higher price tag than other batteries, so they can be a good way to boost your profits.
Exide is a well-known brand in the industry, and they have a reputation for delivering high-quality products. They have a variety of battery types, including lead acid, nickel-metal hydride, and lithium ion.
They also have a range of UPS systems and solar energy solutions. They also manufacture high-end submarine batteries that meet the highest technical specifications and quality control standards.
Exide is India’s largest manufacturer of automotive and industrial batteries, and its biggest power-storage solutions provider. It has plants in India and Sri Lanka and a worldwide dealership network. Its products are sold in 46 countries across five continents.
Working Capital
The battery business is a lucrative one in India because batteries are a critical part of power and energy storage. Batteries are sold in various segments such as vehicles, UPS, renewable energy and more. They are available in many sizes and shapes. They can be rechargeable or non-rechargeable.
Exide is a leader in the production of lead-acid batteries. The company has a strong global presence and is a well-known name. They are known for their quality and durability. They offer efficient solutions across industry verticals such as automobile, manufacturing, telecom, power, railways and defence.
They have a wide range of batteries that can withstand vibrations, heavy workloads and extreme temperatures. These include industrial batteries that can last a long time and are handy for operating machinery.
The company has a lot of competition in the market. So, you have to be strong in your marketing strategy in order to get the highest profit margins.
There are different types of batteries available for you to choose from and they all vary in Ah capacity. Some of them are for special purposes like a marine battery or an aircraft battery.
If you want to become an exide battery dealer, you have to have a good capital to start the business. The more batteries you sell the higher the margins you can expect.
But, it is important to note that there are some expenses that you must be aware of. These expenses include the cost of buying inventory, maintenance and marketing. You also need to pay for rent and utilities.
In addition, you need to hire a sales team and train them. You must also make sure that the company is able to meet your sales targets.
After that, you need to ensure that you are selling enough to keep the company profitable. You can do this by keeping a close watch on the demand for batteries and by promoting new products.
The working capital that you have is the difference between the revenue generated and the amount of stock you bought. This is called gross margin. It can be calculated by dividing the amount of sales you made this year by the total number of shares in issue this year. A gross margin of 20 percent is considered to be very healthy.
Store Location
Exide is a name synonymous with quality and ingenuity when it comes to batteries, so you can bet your bottom dollar that they have the right sized battery for you. The best part is you don’t have to assemble your own tin of batteries – the company has an online store and a mobile app which lets you place orders in the palm of your hand.
Getting a quote is a breeze as well, with the average price being about a buck or two. You won’t have to wait long for your first order as the company’s delivery service has a fleet of vehicles on the road at all times. Besides the aforementioned mobile app, they are also known for their friendly customer service and their well stocked showrooms with impressive displays of batteries of all shapes, sizes and types.
Training
Exide is a major storage battery manufacturer and has a presence in 46 countries. It produces batteries for industrial and automotive applications, and has a reputation for providing high-quality products. It is also a major sponsor of the Royal Challengers Bangalore IPL team, and posts marketing campaigns and offers on social media to promote its product line.
Besides batteries, Exide offers a wide range of accessories, including inverters and solar power systems. It is also a leading supplier of lithium-ion batteries for electric vehicles.
In India, Exide has a large network of dealers and distributors who sell its products to customers across the country. This allows the company to spread its reach and increase sales in less time.
The company offers a variety of training opportunities to its dealers and distributors. These include on-site and off-site training, workshops, and seminars. These can be beneficial for new and existing battery dealers.
These training opportunities allow battery dealers to learn about the products they are selling and how to market them effectively. They can also gain an in-depth understanding of their business and how to manage it.
Upon successful completion of these training sessions, battery dealers can apply for a dealership or distributorship with the company. After this, they can begin selling Exide batteries and other related products.
After a while, the company may start offering bonus schemes to their dealers. These bonuses will depend on the total sales the dealer has made during the year. These bonus schemes can help battery dealers increase their profits and margins.
Exide also has a strong marketing team, which is constantly promoting the brand across social media. Their latest ad campaign features an employee from the company who visits a customer’s house to fix their car for Diwali. The ad video received 1 million views on YouTube, and has helped the company to strengthen its brand image in the eyes of its customers.
In addition to offering a great customer experience, the company is also committed to ensuring the safety of its products. Their batteries are engineered to meet strict safety standards and offer support for secondary sources of energy, such as generators. They are waterproof and can withstand high temperatures.