The initial investment to be done by people who aspire to become a Maruti Franchise is around 30 to 50 Lakhs. This is not a fixed amount and is more dependent on the location where the Franchise operation is to be started and the type of Franchise applied for by the interested people.
Out of this investment amount, One Lakhs rupee is to be submitted to Maruti Suzuki in the form of Demand Draft while submitting the application for the dealership. The space requirement to become a Maruti Suzuki Franchise is approximately 4000 Sq. Ft. Once you are ready with the requirements indicated above, proceed to apply for the dealership with Maruti Suzuki
Application and documentation process to become Maruti Suzuki Franchise
While the application process is simple, the documentation requirements to become a Maruti Suzuki Franchise are really heavy. This is so just to estimate your capacity to manage a business that is of huge volumes from a brand that is one of its kinds in the automobile industry. The following are the documents required by Maruti Suzuki to assess your potential to become a successful profitable Franchise
- The experience levels and current work details of the person who intends to become the Director of the Franchise.
- The intended structure of Franchise organization.
- Demand Draft for One Lakhs rupees.
- Family tree of the applicant to assess personal capabilities and shortcomings if any.
- Credit reports (CIBIL) of the person who applies for the Franchise-ship.
- Letter from the Banker in the required Pro-forma format indicated by Maruti Suzuki.
- Complete set of Income Tax details.
- Wealth Tax returns filed for the period as required by Maruti Suzuki.
- Balance Sheet and Profit & Loss Account for the last 3 years' time.
- A map that clearly indicates no clash of business interests marking the location of the intended Franchise startup.
- Photos of the space year-marked for starting Franchise operations.