Evice Franchise
Franchise Quick Facts
| Brand Name | Evice |
|---|---|
| Industry / Business Category | Showrooms |
| Founded Year | 2021 |
| Franchise Started Year | 2024 |
| Total Franchise Outlets | 1–10 |
| Estimated Investment | INR 30 Lakh – 50 Lakh |
| Franchise Fee | INR 4,00,000 |
| Royalty Fee | 20% |
| Space Requirement | 500–1000 Sq.ft |
| Staff Requirement | Not specified |
| Expected Payback Period | 2–3 Years |
1. What is Evice?
Evice is a hybrid mobility franchise operating in the automotive showroom sector. It provides a combination of petrol and electric vehicle (EV) sales along with supporting services, targeting individual consumers and small to medium-sized business owners. The brand serves customers seeking reliable, diverse vehicle options and hybrid mobility solutions.
2. How the Business Works
Customers interact with Evice by visiting showrooms to explore vehicles, purchase products, and access value-added services. Operations include:
- Vehicle sales across multiple brands
- Financing and insurance facilitation
- Service, maintenance, and spare parts provision
- Accessory sales and vehicle exchange programs
Revenue is generated through vehicle sales, service fees, insurance commissions, and accessory sales.
3. Products or Services Offered
| Vehicle Sales | Petrol and electric two-wheelers and four-wheelers from 9+ automotive brands |
|---|---|
| Finance Solutions | Customized vehicle financing options |
| Insurance Services | Comprehensive insurance coverage for vehicles |
| Maintenance & Service | Repairs, scheduled maintenance, and parts replacement |
| Accessories & Spare Parts | Products to enhance and maintain vehicles |
| Vehicle Exchange Programs | Upgrade options for existing vehicle owners |
4. How the Franchise Model Works
Franchise partners operate Evice showrooms under the brand’s hybrid mobility network. Responsibilities include:
- Managing showroom operations
- Marketing and customer acquisition
- Facilitating vehicle sales, financing, and insurance
- Providing maintenance and servicing support
Franchisors supply brand resources, training, inventory access, and operational guidance to ensure consistent service delivery.
5. Franchise Cost and Investment Overview
| Estimated Investment | INR 30 Lakh – 50 Lakh |
|---|---|
| Franchise/Brand Fee | INR 4,00,000 |
| Royalty | 20% of revenue |
| Setup Components | Showroom setup, inventory procurement, IT systems, and staffing |
| Operational Costs | Dependent on sales volume, service operations, and staff |
6. Space and Infrastructure Requirements
| Area Required | 500–1000 Sq.ft showroom space |
|---|---|
| Preferred Locations | High-traffic urban areas or accessible commercial zones |
| Equipment Needs | Display units, service bays, vehicle storage, IT systems |
| Staff Requirements | Sales staff, service technicians, finance/insurance personnel |
7. Training and Franchise Support
| Operational Training | Showroom management, sales techniques, and customer handling |
|---|---|
| Technical Training | EV and ICE vehicle handling, maintenance procedures |
| Marketing Support | Promotional strategies, digital campaigns, and brand positioning |
| Ongoing Assistance | Inventory management, IT systems support, and service quality monitoring |
8. Revenue Model and ROI Factors
Revenue streams include vehicle sales margins, service and maintenance charges, insurance commissions, accessory sales, and vehicle exchange fees. ROI depends on showroom sales volume, brand reach, customer demand, and operational efficiency. The likely payback period is 2–3 years.
9. Brand History and Expansion
| Established Year | 2021 |
|---|---|
| Franchise Commenced Year | 2024 |
| Number of Franchise Outlets | 1–10 |
| Geographic Markets | India |
| Expansion Plans | Focus on establishing hybrid mobility showrooms across major urban centers |
10. Key Advantages of the Franchise
- Growing demand for hybrid and electric mobility solutions
- Diversified revenue streams across sales, service, and accessories
- Access to multiple automotive brands in one location
- Comprehensive franchise support including training, marketing, and operational guidance
- Scalable business model with urban growth potential
11. Who Should Consider This Franchise
- Entrepreneurs interested in automotive retail and hybrid mobility
- Business owners looking to enter the EV sector with an established brand
- Investors seeking medium-scale urban business opportunities
- Individuals aiming for diversified revenue from sales, services, and accessory offerings
13. Similar Franchise Opportunities
- Ather Energy Showrooms – Electric scooter sales and service network
- Hero Electric – Electric vehicle dealership and service support
- Ola Electric – Electric vehicle sales and charging solutions
- Mahindra Electric Showrooms – Hybrid and electric vehicle retail and service
- TVS Motor Showrooms – Two-wheeler and hybrid vehicle retail network
What is the investment required for Evice franchise?
The investment ranges from INR 30 Lakh to 50 Lakh, including showroom setup, inventory, and operational costs.
How does the Evice franchise business work?
Franchisees operate hybrid vehicle showrooms, selling petrol and electric vehicles along with service, finance, insurance, and accessory support.
What space is required for the franchise?
A showroom area of 500–1000 Sq.ft is required, preferably in high-traffic or commercially accessible locations.
How long does it take to recover the investment?
The expected payback period is approximately 2–3 years, depending on sales performance and operational efficiency.
How can investors apply for the franchise?
Prospective partners can contact Evice to receive franchise details, training, and operational guidance to establish their showroom. ## 13. Similar Franchise Opportunities
