Published Feb 25, 2023
The increasing tractor demand, the gross yearly income of farmers, and GoI plans and subsidies regarding the matter have coined opportunities for gaining rights to get started selling tractors.
A true business also does market research before it even starts selling products or services. Also, a business plan is necessary for a calculative approach to the matter.
Starting a tractor dealership starts with getting approval from the tractor manufacturer. You have to get the dealership agreement approved by the tractor brand.
When it comes to registering your business, the wisest of all steps is taking the tax benefits of the type of legal entity into consideration. The registration of a business is a must to sell tractors.
Licences are the next step in getting the tractor dealership. Selling commercial vehicles requires a licence in the country, and the charges may vary across states.
The right choice of staff makes your business a successful one. Be careful and judgemental while selecting one.