How To Start Your Bike Renting Business In India in 2023

The business of renting bikes can be advantageous if managed efficiently. Travellers and commuters are nowadays looking for an affordable and cheaper mode of commuting that does not tie them up with complex tariff plans and cost dearly.

1. Find a Parking Space

Find a place for parking bikes, an office, and a maintenance space. Businesses located near tourist gatherings usually attract more traction.

2. Check Legal requirements

Comply with statutory and regulatory requirements. Bike Renting Scheme 1997 and State Government Laws regulate renting bikes in India. If your State has not formulated specific laws, approach your RTO with the application as prescribed in Bike Renting Scheme 1997. Usually, you will need to start with a minimum of 5 bikes, and they shall need to be registered under the commercial category.

3. Know Local Laws

Check if your State Transport Department has any additional requirements for financial capacity, character certificate, etc.

4. Determine Your Fleet

Choose which bikes to buy. Usually, that generally depends on the customers you will receive. Cruiser bikes like Royal Enfield, Avenger, etc., are in demand at places located at or near hill stations. For Metro commute, Activa or lower CC bikes should work well. However, there is no thumb rule. That purely works on your judgment and budget. Contact us if you still need advice we will help you.

5. Choose Your Marketing Strategy

Now it’s time to start promoting your business. There are traditional as well as digital channels which should work well. If you want to focus on your business, create an account with us, and we shall take care of your business.

Your page on RenTrip shall have all the features a bike renter needs. From managing time slots to keeping customer records, all can be done to your dealer’s account easily, and the best thing is that it is free. We shall charge commissions only when you make a sale.

6. Plan to Manage Risks

Caution is the key to renting bikes. Always verify the identity and driving license of the person willing to rent a bike from you. Feel free to deny if you ascertain the person renting from you is not genuine. Install GPS in your bikes to track the speed and location of your bikes. Ask your customers to wear a helmet and follow traffic rules. Tell your customers to sign an agreement where you can write your terms. These terms should focus on deterring anyone from abusing the bikes. Being transparent will help you build a good relationship with your customers.

Keep the records properly. Usually, you must find a secure place to keep your records. A good record helps in running a business trouble-free.

If you want to use RenTrip experience and expertise, Sign-Up for a Dealer Account here.