JK Tyre Franchise Apply Online, Area Requirements, Investment Cost, Profit Margin

India’s most famous tire company JK Tires has given a great opportunity to open a franchise. So if you are looking to invest in the franchise of a big company then this is a good option for you. The Indian business that developed radial tire technology has expanded its market to more than 100 countries. JK Tire is attempting to expand through franchises in tier 2, 3, and 4 cities after serving most of the tier 1 cities in India. In this blog, we are going to cover all the major parts of JK Tire Franchise/ Dealership 2024 including investment cost and profit margin.

JK Tyre Dealership/ Franchise 2024

One of the top firms in India that makes Tyres is JK Tyre. Although I have passed my knowledge threshold regarding JK Tyre’s franchise potential, I can still offer some general facts on franchising. So the JK Tyre franchise is a type of business agreement in which the proprietor of a firm (the franchisor) gives a person or organization (the franchisee) the right to run a business using their well-known brand name and tested business model.

The franchisor collects fees and royalties from the franchisee in return for permitting them to use their trademark and providing continuing assistance and direction. JK Tyre was a leader in the development of radial Tyres in the Indian automobile sector. The corporation produces 35 million Tyres a year at 12 production plants located all around the country. It is popular outside of India as well. Nearly 200 JK Tyre Steel Wheels truck Tyre stores can be found across the country, and the company is now eager to enter the passenger vehicle Tyre market with XPRESS Wheels.

JK Tyre Franshie Investment & Requirments – Key Points

Important Details of JK Tyre Dealership

1. JK Tyre, a manufacturer of Indian Tyres, is managed by the Singhania Family.
2. The company’s headquarters are in Delhi.
3. Various Tyres are made in India.
4. It is India’s largest Tyre exporter, sending Tyres to more than 100 nations.
5. For heavy-duty trucks, buses, light-duty trucks, earthmoving equipment, forklifts, tractors, trailers, automobiles, motorbikes, scooters, and auto-rickshaws, JK produces top-notch radials.
6. Every year, the firm manufactures more than 16.6 million Tyres and provides the most options to all market groups.

JK Tyre Franchise Total Investment Cost & Profit Margin

• You need to arrange a 20 lakh rupee investment to start a JK Tyre franchise in India. And believe me guys under this 20 lakh this is the best option for you.
• With the investment, you can get a profit margin of 12 and 15 percent. and the typical Return on Investment will be around 36%.
• Tier 2, 3, and Tier 4 cities in India were selected as the locations for franchise shops because the brand is already well-known in Tier 1 cities there.
• A person with experience in manufacturing, lubricants, batteries, two-wheeler franchises, or other similar industries is the perfect candidate to create a JK Tyre franchise.
• A two- to three-year payback time is expected for investments in the JK Tyre company. The space must be between 600 and 800 square feet (see all companies with size requirements between 500 and 1000 square feet).

Best Locations for Franchise Options for JK Tire in India

In this section, we have arranged for all the regions to open a JK Tyre Franchise. Smaller cities are where JK Tyre and Industries Ltd is seeking to expand nationally via franchise:-

1. Bihar, Chhattisgarh, Jharkhand, and Madhya Pradesh are all in central India.
2. Andaman and Nicobar, Chandigarh, Daman & Diu, Lakshadweep, and Pondicherry are all union territories.
3. Except Ahmedabad, Bhopal Bangalore, Bhubaneswar, Cuttack, New Delhi, Patna, Chandigarh, Cochin, Coimbatore, Faridabad, Gurgaon, Hyderabad, Indore, Jaipur, Jalandhar, Jamshedpur, Kanpur, Kolkata, Lucknow, Ludhiana, Meerut, Mumbai, Pune, Ranchi, Surat, Thiruvananthapuram, Thane, Vizag, Ghaziabad, Agra, Nashik, Varanasi, Chennai, Guwahati, Nagpur, Vadodara, Rajkot.
4. Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttar Pradesh, and Uttaranchal in North India.
5. Karnataka, Andhra Pradesh, Kerala, and Tamil Nadu in South India.
6. Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Sikkim, Tripura, and West Bengal are among the states of East India.
7. Goa, Gujarat, Maharashtra, and Rajasthan in West India.

Terms & Conditions to Open JK Tyre Franchise

A two- to three-year payback time is expected for investments in the JK Tyre company. The space must be between 600 and 800 square feet (see all companies with size requirements between 500 and 1000 square feet):-

Area Requirments for JK Tyre Dealership:-

• First of all, the candidate must be older than 21.
• For the candidates, a 10th-grade education is necessary.
• The candidates must be innocent of any criminal allegations.
• You should be familiar with the Tyre business.

JK Tyre Franchise Cost

Starting a JK Tire dealership can cost around Rs 8 lakh to Rs 10 lakh. This amount may differ from one city to another. JK Tire dealership cost may be higher in Tier 1 cities than in Tier 2 and Tier 3 cities. The expenses for the JK Tire dealership are as follows –

1. Dealership Security Deposit => Rs 1.5 Lakh
2. Initial inventory purchase => Rs 5 to 7 lakh
3. Shop interior and warehouse => 1 to 2 lakh (racks, furniture, computer systems, printers, signage boards)
4. Shop advance + first-month rent -> extra (if you don’t have a shop)

JK Tyre Dealership Contact Numbers