COCO Petrol Pump Dealership 2024 : Advertisement BPCL, IOCL, HP Apply Online, Investments, Profits

Career, Government Schemes, Results
Comments

COCO Petrol Pump Dealership 2024 Advertisement BPCL, IOCL, HP Apply Online, Investments, Profits :- COCO stands for Company Owned Company Operated. It is a type of petrol pump dealership where the oil marketing company (OMC) owns and operates the petrol pump. The OMC appoints a service provider to manage and operate the petrol pump on its behalf.

Benefits of COCO Petrol Pump Dealership

  • Lower investment: The investment required to set up a COCO petrol pump is lower than that of a dealer-owned petrol pump. This is because the OMC provides the land, infrastructure, and equipment for the petrol pump.
  • Guaranteed income: The service provider is guaranteed a minimum monthly income by the OMC. This reduces the risk of the business.
  • Brand support: The service provider benefits from the branding of the OMC. This helps to attract customers and increase sales.

Eligibility Criteria for COCO Petrol Pump Dealership

The eligibility criteria for COCO petrol pump dealership varies from one OMC to another. However, some of the general eligibility criteria are as follows:

  • The applicant must be a company or a limited liability partnership (LLP).
  • The applicant must have a good financial track record.
  • The applicant must have the experience of running a retail business.
  • The applicant must have the required land and infrastructure for setting up a petrol pump.

How to Apply for COCO Petrol Pump Dealership

The OMCs issue advertisements from time to time for the selection of service providers for their COCO petrol pumps. Interested applicants can submit their applications to the OMCs as per the prescribed procedure.

Selection Process

The OMCs select service providers for their COCO petrol pumps through a competitive bidding process. The applicants are evaluated on the basis of their financial track record, experience, and the proposed investment plan.

Responsibilities of COCO Petrol Pump Service Provider

The COCO petrol pump service provider is responsible for the day-to-day management and operation of the petrol pump. This includes:

  • Sale of petrol and diesel
  • Provision of other services such as car wash, lube oil change, and tyre puncture repair
  • Maintenance of the petrol pump and its equipment
  • Compliance with all applicable laws and regulations

Conclusion

COCO petrol pump dealership is a good business opportunity for entrepreneurs who are looking to start a retail business in the petroleum sector. The business is relatively low-risk and offers the benefit of guaranteed income.

COCO Petrol Pump Dealership 2024

COCO petrol pump dealership is expected to be available in 2024. The oil marketing companies (OMCs) in India are planning to expand their network of COCO petrol pumps in the coming years. This is because COCO petrol pumps offer several advantages to the OMCs, such as better control over the distribution of their products and services, and higher profitability.

The OMCs are also likely to offer new and innovative services at their COCO petrol pumps, such as electric vehicle charging stations and convenience stores. This will make COCO petrol pumps more attractive to customers and help to increase sales.

If you are interested in applying for a COCO petrol pump dealership in 2024, it is advisable to start preparing now. You should research the eligibility criteria and selection process of the different OMCs. You should also start developing a business plan and financial projections.

COCO IOCL, BPCL, HPCL Advertisement Details

Name of the Company Indian Oil, Bharat Petroleum, Hindustan Petroleum
Type of Business Petrol Pump Dealership
Mode of Operation Company Owned Company Operated (COCO)
Mode of Applying Online
Type of Companies Oil Marketing Companies (OMC) Undertaken by Govt.
Location All States
Article Category Dealership

Everything You Need to Know About COCO Company Owned Company Operated Petrol Pump Dealership

What is COCO petrol pump dealership?

COCO stands for Company Owned Company Operated. It is a type of petrol pump dealership where the oil marketing company (OMC) owns and operates the petrol pump. The OMC appoints a service provider to manage and operate the petrol pump on its behalf.

Benefits of COCO petrol pump dealership

There are several benefits to COCO petrol pump dealership, including:

  • Lower investment: The investment required to set up a COCO petrol pump is lower than that of a dealer-owned petrol pump. This is because the OMC provides the land, infrastructure, and equipment for the petrol pump.
  • Guaranteed income: The service provider is guaranteed a minimum monthly income by the OMC. This reduces the risk of the business.
  • Brand support: The service provider benefits from the branding of the OMC. This helps to attract customers and increase sales.
  • Better control over the distribution of products and services: The OMC has better control over the distribution of its products and services at COCO petrol pumps. This is because the OMC directly manages and operates the petrol pumps.
  • Higher profitability: COCO petrol pumps are generally more profitable than dealer-owned petrol pumps. This is because the OMC has a direct relationship with the customers and is able to capture a higher margin on the sale of its products and services.

Eligibility Criteria for COCO Petrol Pump Dealership

The eligibility criteria for COCO petrol pump dealership varies from one OMC to another. However, some of the general eligibility criteria are as follows:

  • The applicant must be a company or a limited liability partnership (LLP).
  • The applicant must have a good financial track record.
  • The applicant must have the experience of running a retail business.
  • The applicant must have the required land and infrastructure for setting up a petrol pump.

How to apply for COCO petrol pump dealership

The OMCs issue advertisements from time to time for the selection of service providers for their COCO petrol pumps. Interested applicants can submit their applications to the OMCs as per the prescribed procedure.

Selection process

The OMCs select service providers for their COCO petrol pumps through a competitive bidding process. The applicants are evaluated on the basis of their financial track record, experience, and the proposed investment plan.

Responsibilities of COCO petrol pump service provider

The COCO petrol pump service provider is responsible for the day-to-day management and operation of the petrol pump. This includes:

  • Sale of petrol and diesel
  • Provision of other services such as car wash, lube oil change, and tyre puncture repair
  • Maintenance of the petrol pump and its equipment
  • Compliance with all applicable laws and regulations

Conclusion

COCO petrol pump dealership is a good business opportunity for entrepreneurs who are looking to start a retail business in the petroleum sector. The business is relatively low-risk and offers the benefit of guaranteed income.

IOCL COCO Petrol Pump Advertisement 2024

STATE ADVERTISEMENT LINK
Madhya Pradesh SWAGAT COCO BILAWALI,AB ROAD, DISTT DEWAS(M.P)

UNDER INDORE DO (MPSO)
Detailed Advertisement in Hindi
Detailed Advertisement in English
Capsule Advertisement in Hindi
Capsule Advertisement in English
BROCHURE
West Bengal Detailed Advertisement Annex – IA
Brochure
Odisha Advertisement
Brochure
Punjab Advertisement
Brochure
Rajasthan Advertisement in English
Brochure

HPCL COCO Advertisement 2024

Staten Name Official Link
Tamil Nadu, Puducherry & Kerala Advertisement (Thanthi / Tamil)
Advertisement (Hindu / English)
Detailed Advertisement
Advertisement (Hindu / English)
Advertisement (Malayala / Manorama / Malayalam)
Detailed Advertisement SP Selection (Kerala)
Andhra Pradesh, Telangana & Karnataka Advertisement Andhra Pradesh Annexure-IA
Advertisement Karnataka Annexure-IA
Advertisement Telangana Annexure-IA
Brochure
Uttar Pradesh Advertisement Dainik Jagran
Advertisement Times of India
Detailed Advertisement Uttar Pradesh

BPCL COCO Advertisement 2024

State Date Link
Assam 19/01/2024 Download
Maharashtra 02/12/2022 Download
UP 31/08/2024 Download
West Bengal 22/10/2022 Download

COCO Benefits

COCO, or Company Owned Company Operated, petrol pump dealerships offer a number of benefits, including:

  • Lower investment: The investment required to set up a COCO petrol pump is lower than that of a dealer-owned petrol pump. This is because the OMC provides the land, infrastructure, and equipment for the petrol pump.
  • Guaranteed income: The service provider is guaranteed a minimum monthly income by the OMC. This reduces the risk of the business.
  • Brand support: The service provider benefits from the branding of the OMC. This helps to attract customers and increase sales.
  • Better control over the distribution of products and services: The OMC has better control over the distribution of its products and services at COCO petrol pumps. This is because the OMC directly manages and operates the petrol pumps.
  • Higher profitability: COCO petrol pumps are generally more profitable than dealer-owned petrol pumps. This is because the OMC has a direct relationship with the customers and is able to capture a higher margin on the sale of its products and services.

In addition to these benefits, COCO petrol pump dealerships also offer a number of other advantages, such as:

  • Opportunity to grow your business: OMCs are often looking to expand their network of COCO petrol pumps. This means that there are opportunities for service providers to grow their business by taking on new COCO petrol pump dealerships.
  • Access to training and support: OMCs typically provide training and support to their service providers. This helps the service providers to run their businesses more efficiently and effectively.
  • Chance to contribute to the Indian economy: COCO petrol pump dealerships play an important role in the Indian economy. They provide jobs and generate revenue for the government.

If you are an entrepreneur who is looking to start a business in the petroleum sector, COCO petrol pump dealership is a good option to consider. The business offers a number of benefits, including lower investment, guaranteed income, brand support, better control over the distribution of products and services, and higher profitability.

COCO Petrol Pump Dealership in India

Company Owned Company Operated (COCO) petrol pump dealerships are owned and operated by oil marketing companies (OMCs) in India. COCO petrol pumps offer a number of benefits to OMCs, including better control over the distribution of their products and services, and higher profitability.

Eligibility criteria for COCO petrol pump dealership

The eligibility criteria for COCO petrol pump dealership varies from one OMC to another. However, some of the general eligibility criteria are as follows:

  • The applicant must be a company or a limited liability partnership (LLP).
  • The applicant must have a good financial track record.
  • The applicant must have the experience of running a retail business.
  • The applicant must have the required land and infrastructure for setting up a petrol pump.

How to apply for COCO petrol pump dealership

The OMCs issue advertisements from time to time for the selection of service providers for their COCO petrol pumps. Interested applicants can submit their applications to the OMCs as per the prescribed procedure.

Selection process

The OMCs select service providers for their COCO petrol pumps through a competitive bidding process. The applicants are evaluated on the basis of their financial track record, experience, and the proposed investment plan.

Responsibilities of COCO petrol pump service provider

The COCO petrol pump service provider is responsible for the day-to-day management and operation of the petrol pump. This includes:

  • Sale of petrol and diesel
  • Provision of other services such as car wash, lube oil change, and tyre puncture repair
  • Maintenance of the petrol pump and its equipment
  • Compliance with all applicable laws and regulations

Benefits of COCO petrol pump dealership

There are several benefits to COCO petrol pump dealership, including:

  • Lower investment: The investment required to set up a COCO petrol pump is lower than that of a dealer-owned petrol pump. This is because the OMC provides the land, infrastructure, and equipment for the petrol pump.
  • Guaranteed income: The service provider is guaranteed a minimum monthly income by the OMC. This reduces the risk of the business.
  • Brand support: The service provider benefits from the branding of the OMC. This helps to attract customers and increase sales.
  • Opportunity to grow your business: OMCs are often looking to expand their network of COCO petrol pumps. This means that there are opportunities for service providers to grow their business by taking on new COCO petrol pump dealerships.
  • Access to training and support: OMCs typically provide training and support to their service providers. This helps the service providers to run their businesses more efficiently and effectively.
  • Chance to contribute to the Indian economy: COCO petrol pump dealerships play an important role in the Indian economy. They provide jobs and generate revenue for the government.

If you are an entrepreneur who is looking to start a business in the petroleum sector, COCO petrol pump dealership is a good option to consider. The business offers a number of benefits, including lower investment, guaranteed income, brand support, opportunity to grow your business, access to training and support, and chance to contribute to the Indian economy.

Eligibility Criteria For COCO Petrol Pump Dealership

The eligibility criteria for COCO petrol pump dealership varies from one oil marketing company (OMC) to another in India. However, some of the general eligibility criteria are as follows:

  • The applicant must be a company or a limited liability partnership (LLP).
  • The applicant must have a good financial track record.
  • The applicant must have the experience of running a retail business.
  • The applicant must have the required land and infrastructure for setting up a petrol pump.

In addition to the above, some OMCs may also have additional eligibility criteria, such as:

  • Minimum net worth of the applicant
  • Minimum turnover of the applicant
  • Experience of running a petrol pump or other automotive business
  • Good track record of compliance with laws and regulations

Here is a table of the eligibility criteria for COCO petrol pump dealership of some of the major OMCs in India:

OMC Eligibility Criteria
Indian Oil Corporation (IOC)

Evaluation of applicant

Age

21 to 35 years 25 marks
35 to 50 years 21 marks
50 to 60 years 17 marks

Education

10th pass 12 marks
12th pass 18 marks
Graduate 21 marks
Postgraduate (management), post-graduation in management from IIM, graduation in engineering, medicine, law, chartered accountant, cost accountant, company secretary 25 marks

Financial capability

  • Liquid asset availability is from 15 lakh to 30 lakh rupees.
  • Above 15 lacs increase in 1 lakh, then 2 marks will be awarded.
  • For 15 lakh – 0 marks
  • For 30 lakh rupees – 30 marks
  • Personal interview – 20 marks
  • Total Marks – 100

Selection Process

  1. The applicant has to submit an affidavit in a standard format as per appendix 3.
  2. The affidavit should be in original on stamp paper of appropriate value as applicable according to your state.
  3. All the stamp papers will be in the name of a dependent.
  4. The affidavits should be made after the date of advertisement.

Procedure for Applying COCO Petrol Pump Dealership Online ?

To apply for a COCO petrol pump dealership online, you will need to follow these steps:

  1. Visit the website of the OMC from which you want to apply for the dealership.
  2. Find the link for COCO petrol pump dealership application.
  3. Create an account on the website and fill in your personal details and company details.
  4. Upload the required documents, such as your company’s registration certificate, financial statements, and experience certificates.
  5. Pay the application fee.
  6. Submit your application.

Once you have submitted your application, it will be reviewed by the OMC. If your application is shortlisted, you will be invited for an interview. After the interview, the OMC will select the most suitable candidate and award them the dealership.

FAQs About COCO Petrol Dealership :

Q: What is a COCO petrol pump dealership?

A: COCO stands for Company Owned Company Operated. It is a type of petrol pump dealership where the oil marketing company (OMC) owns and operates the petrol pump. The OMC appoints a service provider to manage and operate the petrol pump on its behalf.

Q: What are the benefits of COCO petrol pump dealership?

A: There are several benefits to COCO petrol pump dealership, including:

  • Lower investment
  • Guaranteed income
  • Brand support
  • Opportunity to grow your business
  • Access to training and support
  • Chance to contribute to the Indian economy

Q: Who is eligible for COCO petrol pump dealership?

A: The eligibility criteria for COCO petrol pump dealership varies from one OMC to another. However, some of the general eligibility criteria are as follows:

  • The applicant must be a company or a limited liability partnership (LLP).
  • The applicant must have a good financial track record.
  • The applicant must have the experience of running a retail business.
  • The applicant must have the required land and infrastructure for setting up a petrol pump.

Q: How to apply for COCO Petrol Pump Dealership?

A: To apply for a COCO petrol pump dealership, you need to visit the website of the OMC from which you want to apply for the dealership and follow the instructions.

Q: What is the selection process for COCO petrol pump dealership?

A: The OMCs select service providers for their COCO petrol pumps through a competitive bidding process. The applicants are evaluated on the basis of their financial track record, experience, and the proposed investment plan.

Q: What are the responsibilities of a COCO petrol pump service provider?

A: The COCO petrol pump service provider is responsible for the day-to-day management and operation of the petrol pump. This includes:

  • Sale of petrol and diesel
  • Provision of other services such as car wash, lube oil change, and tyre puncture repair
  • Maintenance of the petrol pump and its equipment
  • Compliance with all applicable laws and regulations

Q: What is the future of COCO petrol pump dealership?

A: The future of COCO petrol pump dealership is bright. The OMCs are planning to expand their network of COCO petrol pumps in the coming years. This means that there will be more opportunities for entrepreneurs to become COCO petrol pump service providers.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.