Manicbag Project
Manicbag Project
I, Mr./Ms Shafeeq G. Rajbar the undersigned, hereby declare that the Project Report entitled Study on Changing Preferences of Consumers in Buying Car at Manicbag Automobiles Pvt. Ltd, has been prepared by me under the supervision and guidance of Prof. Adarsh Navale Faculty, Trident Institute of Management Sciences, Belgaum affiliated to Rani Channamma University, Belgaum. The report is submitted to Rani Channamma University, Belgaum in partial fulfillment of the University rules and regulations for the award of the Degree of Master of Business Administration in Marketing specialization.
I further declare that this report is based on the original research report undertaken by me and has not formed a basis for the award of any other Degree/Diploma of RCU or any other University.
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Table of Content
Serial Number 1. 4. 5. 6. 7. 8. 9. 9. 10. 11. 12. 13. 14. 15 Title Executive Summary Industry profile Company Profile Mckensys 7s frame work SWOT analysis Learning experience Literature view Research Methodology Analysis And Interpretation Findings Suggestions Conclusion Bibliography Annexure Page Number 4 5-7 8-25 26-31 32 33 34-35 36-37 38-62 63-65 66-67 68 69 70
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Executive Summary
In the present scenario the industry has given at most importance for doing particular task at fastest time in order to satisfy the customers and attract new customers. Manickbag Automobiles Pvt. Ltd deals with the Light Passenger Vehicles (PCD). Apart from this it has its own sales and Services Center and Spare Parts Center. In this project is an endeavor to study how the consumer taste or preferences keep on changing and what is the current trend when it comes to buying a car, in Belgaum City for Manickbag Automobiles Pvt. Ltd. of TATA passenger Vehicles. The management of Manickbag wanted to know about their customers Preferences towards in buying a car. Also the management wants to know the factors that keep customers with the dealer for a long run. Hence, the following topic: Study on Changing Preferences of Consumers In Buying Car was chosen. The entire study provides dealer with information on what kind of cars are the consumers currently preferring, what factors make them stay loyal to a dealer and brand, What color trend is prevailing in the market, and what are the other thing that customers consider while buying a car, and why and how do customers prefer to change the car etc.. The data for this was obtained through surveying consumers who were immediately about to buy a car and those who owned at least one car. Personal interviews and interceptive mall interviews were conducted along with the use of questionnaire. The data obtained was analyzed using SPSS software and excel spreadsheet. Primary data was collected from 100 respondents in Belgaum City. It was found that most of the customer like fuel efficiency, safety, looks exterior& interior design of car etc. According to the ever changing customer preferences, the company ought be in pace with the trend so that it can maintain its existing customers as well as gain new customers to widen its customer base and grow profitable.
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INDUSTRY PROFILE
At present time, Indian automobile industry is making a major contribution in increasing the country's GDP by 9% every year. New heights have been scaled by the industry in the year 2010. In January 2010, total automobile sales in the domestic market reached 1114157 units, the figures shows an increment of 44.9% compared to the sales units of 7,68,698 of same period last year. Even for the month of April-October after a gap of 11 years, total automobile sales in India stood at 1,120,081 Units. Annually, the Indian automobile industry is growing at an average rate of 30% and marking itself as one of the fastest growing industries in India. According to the reports of Society of Indian Automobile Manufacturers, annual car sales are estimated to reach 5 million vehicles by 2015 and more than 9 million by 2020 To believe New York Times reports, several automobile companies like Hyundai Motors, Nissan, Toyota, Volkswagen and Suzuki have expanded their manufacturing facilities owing to India's strong engineering base and expertise in the manufacturing of low-cost, fuel-efficient cars.
The Indian Automobile Industry manufactures over 11 million vehicles and exports about 1.5 million each year. The dominant products of the industry are two wheelers with a market share of over 75% and passenger cars with a market share of about 16%.Commercial vehicles and three wheelers share about 9% of the market between them. About 91% of the vehicles sold are used by households and only about 9% for commercial purposes. The industry has a turnover of more than USD $35 billion and provides direct and indirect employment to over 13 million people.
The supply chain is similar to the supply chain of the automotive industry in Europe and America. Interestingly, the level of trade exports in this sector in India has been medium and imports have been low. However, this is rapidly changing and both exports and imports are increasing. The demand determinants of the industry are factors like affordability, product innovation, infrastructure and price of fuel. Also, the basis of competition in the sector is high and increasing, and its life cycle stage is growth. With a rapidly growing middle class, all the advantages of this sector in India are yet to be leveraged.
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The level of technology change in the Motor vehicle Industry has been high but, the rate of change in technology has been medium. Investment in the technology by the producers has been high. System-suppliers of integrated components and sub-systems have become the order of the day. However, further investment in new technologies will help the industry be more competitive. Over the past few years, the industry has been volatile. Currently, India's increasing per capita disposable income which is expected to rise by 106% by 2015 and growth in exports is playing a major role in the rise and competitiveness of the industry.
Tata Motors is leading the commercial vehicle segment with a market share of about 64%. Maruti Suzuki is leading the passenger vehicle segment with a market share of 46%. Hyundai Motor India and Mahindra and Mahindra are focusing expanding their footprint in the overseas market. Hero Honda Motors is occupying over 41% and sharing 26% of the two wheeler market in India with Bajaj Auto. Bajaj Auto in itself is occupying about 58% of the three wheeler market.
Consumers are very important of the survival of the Motor Vehicle manufacturing industry. In 2008-09, customer sentiment dropped, which burned on the augmentation in demand of cars. Steel is the major input used by manufacturers and the rise in price of steel is putting a cost pressure on manufacturers and cost is getting transferred to the end consumer. The price of oil and petrol affect the driving habits of consumers and the type of car they buy. The key to success in the industry is to improve labour productivity, labour flexibility, and capital efficiency. Having quality manpower, infrastructure improvements, and raw material Trident Institute of Management Sciences Page 6
The production of automobiles in India has greatly increased in the last decade. At present India is the largest tractor and three-wheel vehicle producer, second largest two-wheel vehicle producer, fourth largest commercial vehicle producer and eleventh largest passenger car producer. For the year 2003-2004 the production rate crossed 7,243,5648 and for the current year it has reached 14,049,830 in terms of total vehicles production. As a result of all this, the resultant annual turnover of the Indian automobile industry for the year is recorded to be 38,238 million USD by Soceity of Indian automobile Manufacturer (SIAM). For the year 2009-10, the production rate for different category of vehicles is as followed(As per SIAM).
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Manickbag Automobile Pvt Ltd About Company TATA MOTORS IN INDIA History:
Tata
Group
Motors
is
part
of
the Tata
Sons. The company expanded its operations to commercial vehicle sector in 1954 after forming a joint venture with Daimler-Benz AG of Germany. Despite the success of its commercial vehicles, Tata realized his company had to diversify and he began to look at other products. Based on consumer demand, he decided that building a small car would be the most practical new venture. So in 1998 it launched Tata
Indica,
inexpensive and simple to build and maintain, the Indica became a hit in the Indian market. It was also exported to Europe, especially the UK. Tata acquired Spanish bus and coach manufacturer Hispano Carrocera in 2009.In 2006 it formed a joint venture with Marcopolo S.A. of Brazil, and introduced low-floor buses in the Indian Market under the name Tata Marcopolo Bus. Recently, it has acquired British Jaguar Land Rover (JLR), which includes the Daimler and Lanchester brand names.
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Profile
Vision: To develop TATA into a world class Indian car brand for innovative and superior value vehicles. World class in: Product appeal and styling clean, contemporary lines and shape. Interior space and passenger comfort. Quality and reliability.
Superior value in offering: Lowest ownership cost. Relevant cost effective technology. More content at same price point as competition.
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Area of Business:
Tata Motors' product range covers passenger cars, multi-utility vehicles as well as light, medium and heavy commercial vehicles for goods and passenger transport. Seven out of 10 medium and heavy commercial vehicles in India bear the trusted Tata mark. The company developed India's first indigenously developed light commercial vehicle, India's first sports utility vehicle and, in 1998, the Tata Indica India's first indigenously manufactured passenger car. Within two years of launch, Tata Indica became India's largest selling car in its segment.
Passenger Car Business Unit: The company's passenger car range comprises the compact car Indica, the midsize Indigo and Indigo Marina in both petrol and diesel versions. The Tata Sumo, the Tata Safari and its variants are the company's multi-utility vehicle offerings. In addition to the growth opportunities in the domestic market, the company is pursuing growth through acquisitions. In 2004, it acquired the Daewoo Commercial Vehicle Company, Korea's second-largest truck maker, now named Tata Daewoo Commercial Vehicles Company. In 2005, Tata Motors acquired a 21-per cent stake in Hispano Carrocera, a reputed Spanish bus and coach manufacturer, with an option to acquire the remaining stake as well.
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Awards
Jaguar Land Rover wins two "best of auto show" awards from Autoweek magazine at 2011 Frankfurt Motor Show... Tata Motors Lucknow plant wins Greentech Environment SILVER AWARD 2011... TATA Motors Ltd has been selected as the winner of Golden Peacock Award for Corporate Social Responsibility for the year 2011... Lucknow Plant wins Rajiv Gandhi National Award for 2009... Tata Nano bags the Gold Prize in the 2010 Edison Awards...
Land Rover Discovery 4 named best 4X4 at the 'What Car Awards 2010'... National Energy Conservation Award 2009 for Pantnagar Plant...
Tata Motors bags the NDTV Profit Business Leadership Award 2008... Tata Motors receives Uptime Champion Award 2007... Tata Motors has been chosen as India's Most Trusted Brand in cars in a Readers Digest-AC Nielsen consumer graph in 2006. Tata Motors' mini-truck, Ace, which has created an all-new category in the commercial vehicles market, received the BBC-Top Gear' Design of the Year 2006. The company's Starbus low-floor city bus and the Novus heavy truck were adjudged second and third respectively. The Commercial Vehicle Business Unit won the CII-Exim Bank Award for 2005 for Business Excellence, for being a role model of excellence in management. The award particularly recognises excellence in the management of quality as a fundamental process. The two divisions of the company also won the Tata Group's JRD QV Awards for Business Excellence in 2005. The Jamshedpur plant and the car plant at Pune received the Union Ministry of Power's National Energy Conservation Award, which recognise significant initiatives to reduce energy intensity and improve energy efficiency. The Jamshedpur plant won the award for the fourth year in a row. The Commercial Vehicle Business Unit and the Passenger Car Business Unit also received the CII's National Award for excellence in energy management. The Foundry Division at the Pune plant received the Gargi Huttenes Albertus Green Foundry of the Year Award.
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this was the first unit of the company established in 1945 and is spread over
an area of 822 acres. It consists of 3 divisions - truck, engine (including the gear box division) and axle. the divestments in march 2000. Pune: the pune unit is spread over 2 geographical regions- pimpri (800 acres) and chinchwad (126 acres). it was established in 1966 and has a production engineering division.
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Tata Indica V2
Tata Venture
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Tata Sumo
Tata Manza
Tata Winger
Tata Xenon XT
Tata Safari
Tata Aria
Tata Nano Hybrid (Launching Soon) Trident Institute of Management Sciences Page 17
Defence
SFC 407 Turbo Mini- bus LPO 1510 CGS bus LP 407 Turbo Mini- bus LP 709 E Turbo Bus (CNG bus) LP / LPO 1512 TC Turbo LP / LPO 1512 TC LP / LPO 1510 Bus Turbo Bus LPO 1610 TC RE Semi Low LPO 1616 TC Luxury LP 1109 Bharat Floor Bharat Stage - II Bus Bharat Stage - II Bus Stage II Tata 407 (4 x 4) Soft Top Troop Tata 407 / (4 x2) Hard Tata LPTA 713 TC Carrier Top Troop Carrier (4 x4) Tata LPT 709 E Hard Top Tata LPTA 1615 Tata SD 1015 TC (4 x4) Troop Carrier TC (4 x 4)
Key Competitors: For Passenger Cars: Maruti Suzuki India Hyundai Motor Company Honda Toyota
For Utility Vehicles: Maruti Suzuki India Swaraj Mazda Mahindra & Mahindra Ltd Light Commercial Vehicles: Mahindra & Mahindra Ltd Ashok Leyland
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Weaknesses: Tata Motors is not well positioned in the luxury segment. This is not a problem during recessionary times but a lack of diversification can hurt during better times Most of the automobiles Tata manufactures are based on older platforms The Companys manufacturing practices trail competitors
Opportunities: The Nano could sell well in other geographic markets. Expanding markets such as China may find the Nano just the answer Jaguar and Land Rover provide Tata with an opportunity to establish itself in the luxury segment
Threats: Powerful competitors for the luxury market including Honda, Toyota, Ford and Mercedes-Benz are beginning to push into the Indian market Tatas competitive price advantage will be under pressure as environmental regulations are tightened Rising material costs will create pressure to increase prices There is a trending rise in diesel fuel costs which will hurt Tatas line of products.
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: 2007 : 1.Dr. Shree Shah. 2. Dr. Sheel Mriji : 200 Employees : Manickbag Automobiles Pvt. Ltd Regd. Office: 691,Bemciel Industrial Estate Nh 4a, Khanapur Road, Uyambag Belgaum-590008 : Belgaum : 0831-4219999 : 0831-4219901 : [email protected]
To set a benchmark as an undisputed leader in the field of Automobiles (Sales & services) by making our people and Organization innovative, responsive, flexible & tailor make our practices to cater to the needs of business society by striving towards continuous excellence. MISSION: To delight our esteemed customers, employees and shareholders through quick & quality services by relentlessly exhibiting appreciable performance & reach the pinnacle of success. GOAL: To leverage the best of talent and get appreciated as an admired employer & services provider.
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INFRASTRUCTURAL INFORMATION:
The area covered by Manickag Automobiles is 1000sqft. Location advantages. The showroom is strategically located opposite to NH-4 Khanapur Road Udyambag. Computerized Machinery facilities. Manickag Automobiles having good service center because they using computerized machinery First Aid Facility. Manickag Automobiles having first aid facility in showroom.
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PRESENT BUSINESS LINES: Hindustan Petroleum Simpson MICO Kirloskar Bearings Tvs Motor Co. Sesa Goa. Pig iron Tata Motors --- Since 1950 --- Since 1951 --- Since 1956 --- Since 1975 --- Since 1980 --- Since 1990 --- Since 1992
It has its branches operating at following places in Karnataka Head office: Belgaum Branches: Hubli, Bijapur, Gokak, Ankola, Gulbarga Manickbag Automobiles was converted into private Ltd. Company on April 1. 2002
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Indica V2
Sumo victa.
Tata Safari
Indica Vista
Tata Indigo Sx
Tata Nano
Competitors: Shantesha Motors ( Maruti-Suzuki cars) Nagshanti Motors (Hyundai cars) Shodha Motors Volkswagen cars. Patson motors Belgaum for Ford motors. (Toyota cars)
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The MCKINSEY 7-S Framework: The 7-S framework was developed by McKinney
Company, a very well known management consultancy firm. It aimed to diagnose the causes company problems and to formulate programs for improvement.
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SUPER ORDINATE GOALS: The super ordinate may be considered to be company purposes. The super ordinate of Manickbag automobiles pvt.Ltd, as follows. To attain the No 1 position in the leading market. To lead the organization towards improved performance.
SYSTEM: Company structure refer s to relatively to more durable arrangement and relationship. It like the skeleton of the whole company. The structure of the manickbag Automobiles Pvt.Ltd. consists of different departments. Manickbag automobiles pvt.Ltd is having sales dept,bodyshop dept, customer relation dept, spares dept etc departments through which the routine activities have been carried out as per the planned schedule. Each department has been assigned with different activities the department heads and other staff carries out these activities. STRUCTURE: It prescribes the formal relationship among various position and activities. The structure at manickbag automobiles is department based. Hence there is no rigid structure manickbag automobiles comprises of two section viz.CVD section and PCD section. CVD stand for Commercial dealer and PCD stands for Passenger car dealer. My study was confined to only PCD section.
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Spares manager
Quality Auditor
Warranty incharger/PDI
Inhouse Trainer(ttp)
1 team 10 vehicles
Workshop sales
Counter sales TM
Job controller
Team A L2(4)
TL A (2)L1
Wheel aliment / balance Oil / Filter change Washing & Vacuuming TM Housekeeping& Cleaning TM
Accessories Fitment team
Painters-3
Field salesman
Service adviser
TM-B
Accountants
Technicins-3 Teams
Service adviser
TM-C
Service adviser
Quick TM
Car derailing TM
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GM or Head (Customer Support): This department head Mr .Dr shree shaha is main person handling all the activities of the customer support and his under all the main departments comes his under. 1. Customer relation Manager.(asst. Mr. Khalid). 2. Workshop Manager. 3. Body shop Manager. 4. Spare part Manager. (Somesh Indhannur). (Mr.Gogakar). (Mr. Prashant).
Customer relation Manager: In Mr. Khalid his under 7 sub departments handling 1.CRO. 2.SAT(a) 3.SAT(b). 4.SAT(c), 5.SAT(quick). 6. Service Market officer 7. Receptionist &Telephone operator.
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5. Job controller In this sub department Job Controller is handling all the activities Technicians teams in his under 4 teams comes each team 1 team leader in L2 and L1 levels and in L2 levels 4 technicians and L1 level 2 employee accounts & Electrocutions. each team handle per day 30 Vehicle service. Body shop Manager: In department 5 sub departments are there. 1. 1 team 10 vehicles. 2. Team leaders. 3. Dent Beater. 4. Painter. 5. Technicians In this departments in dent beater head Mr.Gogakar and painter head Mr. Manohar remaining all are some technician and halpers. Spare part Manager: in this department Mr. Prashant and Prajval they are handle all activities of spares departments.
STYLE: Style is one of the seven levers, which top manager can use to bring about company change. Companies differ from each other in their style of working. The style of a company becomes evident through the patterns of actions taken by members of the top management team over a period of time. The Manickbag Automobiles is practicing to acquire a large market share by taking a lead in the present line of business.
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W- WEAKNESSES: Lack of adequate infrastructure facility. Decision making process is very slow.
O-OPPORTUNITIES: Almost all the global players have entered in the Belgaum market. Can enhance their sales by acquiring dealership of more consumer durables.
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LITERATURE REVIEW
The presented herewith is on the topic A Study on Changing Preferences of Consumers In Buying Car conducted for Manickbag Automobiles, Belgaum. The project report focuses on, changing preferences of consumers of Manickbag Automobile, A four wheeler showroom in Belgaum city. Consumers preference towards a product or service always will not remain invariable. It changes with passage of time. It is very much dependent on the consumers prior experience with the same or similar product.
The Indian market, one of the most promising in the world, is fast evolving. So is the Indian consumer, across all socioeconomic strata, regions and town classes. Rising incomes, multiple income households, exposure to international lifestyles and media, easier financial credit and an upbeat economy are enhancing aspirations and consumption. In these fast changing times, it becomes imperative for companies reaching out to the Indian market, to catch the pulse of the Indian consumer. Consumer Trends in Buying of Car is a step in that direction - to gain a better understanding of the consumer behavior and get key insights into issues like: What does the Consumer want to buy? How is he paying for her purchases? How much is she willing to travel to get one-stop shopping options? Is she discount driven enough to wait for promotions or markdowns? This is an attempt to bridge these gaps and is a resource that brings together information pertaining to the car market. The study truly reflects the changing dynamics of Indian consumer behavior.
Knowing the consumer preferences would be of great help to the marketer. They are gradually replacing the old business strategies by a new wave of dynamic, fashion-conscious strategies that serve to get brands recognized in an increasingly fast-paced and savvy consumer market. The manufacturers are striving for trendy-looking cars as a way to draw buyers who once may have been sold on power, performance, warranties or amenities.
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The scope and depth of this study is to explore new and evolving preferences within the retail side of the automotive industry. It involves the, web usage, changing preference of the consumer concerning the communication with the dealer and trend in the customer loyalty. It also explores the environmental issues including fuel efficient vehicles. The scrutiny of all these aspects reflects todays automotive landscape and provides the dealers with the knowledge about the trend in the market according to which he can modify or change the activities to respond to the market profitably.
Buying a car used to be a simple process: A consumer would check out some ads, talk to a few friends and head into the dealer for more information. Today that process has grown more complex, as consumers increasingly rely on new tools such as the Internet, blog sites, Web forums and online social networks. This increased sophistication has resulted in changing buying patterns as well as a shift of power in favor of the consumer. Keeping up with the pace of change isnt easy for many vehicle manufacturers and dealers.
Interestingly, significant commonalities are found among responses obtained by graphing the consumers. This report highlights these results and hence provides certain useful recommendations to the dealer and also to the manufacturer to some extent. The executive summary provides an overview of key findings from the study, and the sections that follow offer more in-depth data and analysis. The automotive world today is changing; consumers are changing, establishing and retaining loyalty among todays knowledgeable and fickle consumers is more challenging than ever and the speed of change is continuing to accelerate. My hope is that the study will provide automotive companies with insights that can help them respond faster and more effectively to these changes. Trident Institute of Management Sciences Page 35
Objectives of the Study: To identify the trend in ownership of the cars. To spot the consumer trend in searching information and required speed of response from dealer to consumer query. To study importance of various factors like brand, color, size, model etc., in consumers choice of car. To find out the factors motivating consumer loyalty towards brand. To identify the consumer interest to go green. To recognize the consumers likelihood to purchase car over the internet online. To provide the dealership with suggestions so that it can be in pace with the changing trend of consumer.
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DATA ANALYSIS: Data analyses are tabulated using SPSS analysis software and excel spreadsheet. Then the data has been analyzed and represented in the form of Graphical method.
Limitations of Study The study was carried out only in Belgaum city. Hence, the consumer trend obtained may not be applicable at other geographic regions.
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ANALYSIS & INTERPRETATION 1). Do you own car/if yes how many?
Valid
Graph 1
70
60
60
50
40
30 25
20
Frequency
10 0 on e two
15
mo re th an two
Interpretation: From above graph out of 100 Respondents, 60 % of the respondents own one car, 25% respondents have two cars, 15% respondents have more than two cars.
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Valid
Strongly agree Agree neither agree or disagree Disagree Strongly disagree Total
Frequency 19 44 19 11 7 100
Graph 2
50
40
44
30
20 19 19
Frequency
10
11 7
0 Stron gly agre e Agree ne ither agree or d is Disag ree Stron gly disa gree
Interpretation: From above graph out of 100 Respondents, 44% Respondents said that agree with the statement,19% Respondents said that strongly agree statement,19% Respondents said that neither agree or Disagree statement,11% Respondents said that disagree statement,7% Respondents said that strongly disagree statement.
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How fre que ntly do you change the car Cumulativ e Percent 15.0 50.0 100.0
Valid
Frequenc y 15 35 50 100
Graph 3
60
50
50
40 35 30
20
Frequency
15 10
Interpretation: From above graph Out of 100 Respondents, 50% Respondents said that Rarely Change the car, 35% Respondents said that occasionally Change the car,15% Respondents said that Frequently Change the car.
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Valid
Style and looks Driving and riding comforts fuel efficiency Service and maintenance frequency upgrade technology Exchange offers cash discounts finance schemes(installments) any other reason Total
Frequency 7 6 25 18 18 10 14 1 1 100
Percent 7.0 6.0 25.0 18.0 18.0 10.0 14.0 1.0 1.0 100.0
Valid Percent 7.0 6.0 25.0 18.0 18.0 10.0 14.0 1.0 1.0 100.0
Cumulative Percent 7.0 13.0 38.0 56.0 74.0 84.0 98.0 99.0 100.0
Graph 4
30
25 20 18 18 14 10
Frequency
10 7 6
v er S
D riv le ty S
yc nc g ie in fic rid ef d el n fu a g in s ok
Interpretation: From above graph Out of 100 Respondents,25% Respondents said that Fuel efficiency is influence them to change the car,18% Respondents said that Upgrade technology influence them to change the car,18% Respondents said that Service and maintenance frequency influence them to change the car,14% Respondents said that Cash Discounts influence them to change the car,10% Respondents said that Exchange offers,7% Respondents said that Style and looks,6% Respondents said that Driving and riding comforts,1% Respondents said that Finance schemes,1% Respondents are Any other reason.
a nd
lo
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Frequency Valid Buy a new car while maintaining older one buy a new car on selling the older one purchase a used car having above-mentioned features while m above mentioned feature on selling older one Total 29 52 5 14 100
Graph 5
60
50
52
40
30 29 20
Frequency
10 0 Buy a new car while buy a new car on sel 5 purchas e a used car
14
Interpretation: From above graph Out of 100 Respondents, 52 % respondents said that buy a new car on selling the older one, 29% respondents said that Buy a new car while maintaining older one, 14% respondents said that Purchase a used car having abovementioned features while maintaining older one, 5% respondents said that Purchase a used car having above-mentioned features on selling older one.
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Valid
Frequency 11 34 36 19 100
Graph 6
40 36 34 30
20 19
Frequency
10
11
Interpretation: From above graph Out of 100 Respondents, 36 % respondents said that Within 24 hours dealer response towards customer, 34% respondents said that within one hour dealer response towards customer, 19% respondents said that Within 48 hours dealer response towards customer,11% respondents said that immediately dealer response towards customer.
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Frequency Valid wait patiently till get the required information change the brand change the dealer change the both opt for compietitors car others actions Total 11 18 45 13 11 2 100
Graph 7
50
45 40
30
20 18
Frequency
10
13 11 11
0 wait patiently till change the dealer opt for c ompietitors others actions change the brand change the both
Interpretation: From above graph Out of 100 Respondents,45% Respondents said that Change the dealer,18% Respondents said that Change the brand,13% Respondents said that Change both brand and dealer,11% Respondents said that Opt for competitors car,11% Respondents said that Exchange offers,5% Respondents said that Wait patiently till you get the required information.
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Factors Popularity of the dealership name Dealers trust worthiness Service quality Hospitality and friendliness of the sales staff Knowledge of the sales staff Previous Experience Good personalized communication
Motivates Neutral Doesnt Motivate 66% 55% 82% 52% 53% 60% 55% 16% 34% 18% 33% 27% 30% 38% 18% 11% 15% 20% 10% 7%
Graph 8
7 Good personalized communication 10 Previous Experience 20 Knowledge of the sales staff Hospitality and friendliness of the sales staff 0 Service quality 11 Dealers trust worthiness 18 16 0 20 40 15
38
55
30
60
27
33
52
18
82 34
55
66 60 80 100
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Valid
Frequency 19 12 52 17 100
Graph 9
60
50
52
40
30
20 19
Frequency
17 12
10
Interpretation: From above graph Out of 100 Respondents, 52 % respondents are want to prefer Diesel, 19% respondents are want to prefer Petrol, 17% respondents are want to prefer Hybrid, 12% respondents are want to prefer Electric.
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Valid
Yes No Total
Frequency 61 39 100
Graph 10
70
60
61
50
40 39 30
20
Frequency
10 0 Yes No
Interpretation: From above graph Out of 100 Respondents, 61% Respondents said yes that they prefer to pay extra for extra feature, 39% Respondents said no.
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Valid
yes No Total
Frequency 72 28 100
Graph 11
80 72 60
40
28
Frequency
20
0 yes No
Interpretation: From above graph Out of 100 Respondents, 72% Respondents said yes that they would not bother to spend on accessories to make their car look attractive while 28% Respondents said no.
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Valid
TV Print media Internet Finance service broker family and friends automotive magazines Total
Frequency 22 29 6 2 31 10 100
Graph 12
40
30 29
31
20
22
Frequency
10 10 6 0 TV Print medi a Internet family and friends Finance service brok automotive magazines
Interpretation: From above graph Out of 100 Respondents,31% Respondents are refer Family and friends,29% Respondents are refer Print media,22% Respondents are refer TV,10% Respondents are refer Automotive magazines,6% Respondents are refer Internet,2% Respondents are refer Finance service brokers.
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Valid
Frequency 12 35 25 28 100
Graph 13
40
35 30 28 25 20
Frequency
10
12
Interpretation: From above graph Out of 100 Respondents, 28 % respondents are want to prefer White, 26% respondents are want to prefer Vibrant Colors, 25% respondents are want to prefer Black , 21% respondents are want to prefer Metallic.
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Valid
it is current fashion it makes you the feel superior attract attention future coming fashion you like it suits your personality others reason Total
Frequency 24 15 19 1 15 25 1 100
Valid Percent 24.0 15.0 19.0 1.0 15.0 25.0 1.0 100.0
30
24 20 19 15 15
25
Frequency
10
su
re tu fu
m it
i it s e rr cu
its
n io nt tte e t a fe ac the tr at o u y
es ak
on as li re ona rs rs he e ot r p u yo
h ts ia ef ikg ln ui m yo c
sh fa nt io
io
Graph 14
Interpretation: From above graph Out of 100 Respondents,25% Respondents said that Suits your personality,24% Respondents said that It is current fashion,19% Respondents said that Attracts attention,15% Respondents said that It makes you the feel superior,15% Respondents said that You like it,1% Respondents said that Future coming fashion,1% Respondents said that Other reason.
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Valid
vehicle quality it fits personal need experiment somathing new experience the luxury fuel efficiency/mileage popularity of the brand name price of the vehicle features Total
Frequency 33 5 3 15 27 4 1 12 100
Percent 33.0 5.0 3.0 15.0 27.0 4.0 1.0 12.0 100.0
Valid Percent 33.0 5.0 3.0 15.0 27.0 4.0 1.0 12.0 100.0
Cumulative Percent 33.0 38.0 41.0 56.0 83.0 87.0 88.0 100.0
Graph 15
40
30
33 27
20
Frequency
15 10 12
f it
ve
its
e cl hi qu
l na so er
ity al
Interpretation: From above graph Out of 100 Respondents,33% Respondents said that Vehicle quality,27% Respondents said that Fuel efficiency / mileage,15% Respondents said that Experience the luxury,12% Respondents said that Features,5% Respondents said that It fits personal need,4% Respondents said that Popularity of the brand name,3% Respondents said that Experiment something new. 1% Respondents said that Price of the vehicle. Trident Institute of Management Sciences Page 53
Valid
yes no Total
Frequency 75 25 100
Graph 16
80 75
60
40
20
25
Frequency
0 yes no
Interpretation: From above graph Out of 100 Respondents, 75% Respondents said yes they aware of eco cars, 25% Respondents said no they not aware of eco cars.
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Frequency Valid Highly wanting to purchase May or may not purchase Not interested to purchase Total 15 40 45 100
Graph 17
50 45 40 40
30
20
Frequency
15 10
Interpretation: From above graph Out of 100 Respondents,45% Respondents said that Not interested in purchase,40% Respondents said that May or may not purchase,15% Respondents said that Highly wanting to purchase.
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Valid
visit the dealer personally buy it on over internet get in done by a third person Total
Frequency 77 9 14 100
Graph 18
10 0
80 77 60
40
Frequency
Interpretation: From above graph Out of 100 Respondents, 77 % respondents said that Visit the dealer personally, 14% respondents said that Get it done by a third person, 9% respondents said that Buy it over internet.
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Frequency Valid ability to content person mentioned over net ability to negotiate price home delaver nearest location ability to see photos &videos ability to compaire the car online ability to get quotations others specify Total 18 26 5 5 21 18 7 100
Valid Percent 18.0 26.0 5.0 5.0 21.0 18.0 7.0 100.0
Graph 19
30 26 20 18 21 18
Frequency
10 7
e m ho
ili ab
ili ab
ili ab ty
ty
ty
la de
to
to t en nt co p
n ia ot eg te
r ve
Interpretation: From above graph Out of 100 Respondents,26% Respondents said that Ability to negotiate price online,21% Respondents said that Ability to compare the cars online,18% Respondents said that Ability to get quotations,18% Respondents said that Ability to contact concerned person on numbers mentioned over net,7% Respondents said that Others specify,5% Respondents said that Ability to see photos / videos of cars in use and out, including the engine online,5% Respondents said that Home delivery or deliver car to nearest location. Trident Institute of Management Sciences Page 57
Valid
Frequency 31 55 13 1 100
Graph 20
60 55 50
40
30
31
20
Frequency
10
13
0 very imp ortan t inp ortan t un impo rtant very un impo rtant
Interpretation: From above graph Out of 100 Respondents, 55% Respondents said that personalized communication is Important, 31% Respondents said that personalized communication is very important,13% Respondents said that personalized communication is Unimportant,1% Respondents said that personalized communication is very unimportant.
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Frequency Valid service reminders via-mail post test drive survey wel come pack after purchase invitations to special events customer satisfaction survey after service customer satisfaction survey after purchase Total 4 40 1 14 26 15 100
Graph 21
50
40
40
30 26 20
Frequency
10
14
15
4 se rv ic e rem inde rs vi wel c ome pack af ter cu stom er sa tisfac tio cu stom er sa tisfac tio
Interpretation: From above graph Out of 100 Respondents,40% Respondents said that Post testdrive survey ,26% Respondents said that Customer satisfaction after service survey,15% Respondents said that Customer satisfaction after purchase survey,14% Respondents that said Invitations to special events,4% Respondents said that Service reminders via e-mail,1% Respondents said that Welcome pack after purchase.
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Rate Size
Very important important Neutral 52% 28% 34% 60% 60% 76% 56% 56% 61% 58% 57% 69% 41% 73% 76% 42% 63% 44% 35% 28% 23% 31% 36% 32% 40% 33% 27% 37% 25% 24% 47% 26%
Free accessories Cash discounts Reliability Safety Price of car Exterior design Interior design Warranty Low financing Color of vehicle Road tax Fuel efficiency Engine Availability Product features
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Product features Availability Engine Fuel efficiency Road tax Color of vehicle Low financing Warranty Interior design Exterior design Price of car Safety Reliability Cash discounts Free accessories Size 0% 5% 1% 1% 5% 5% 3% 0% 2%
11% 11%
26% 47% 42% 24% 25% 21% 27% 33% 40% 32% 36% 37% 41%
63%
76% 73%
69% 57% 58% 61% 56% 56% 76% 60% 35% 60% Unimportant Netural important Very important
7%
31%
28%
22%
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FINDINGS
1. Out of 100 Respondents, 85 % respondents own at least one car, 25% respondents currently do not have a car but are very soon going to own a car. 2. Out of 100 Respondents, majority of the respondents are agree with the statement that The Car You Drive Reflects Your Societal Status, where as a few of them neither agree or Disagree and some strongly disagree. 3. Out of 100 Respondents, most of the respondents change the car rarely and occasionally change their cars 4. Respondents say that Fuel efficiency, Upgrading Technology and Service and maintenance frequency are a few significant factors that influence them to change their car with another. 5. Majority of the respondents buy a new car on selling the older one, and considerable number of the respondents buy a new car while maintaining older one. 6. Majority of the respondents seek the dealer to respond to their quires at least within 24hr. 7. The respondents expressed that they would prefer changing the dealer if they dint get the response from the dealer for their query at least within 24 hrs. Furthermore, 18% of the respondents said that they would tend to Change the brand and13% Respondents said Change both brand and dealer. 8. Most of the customer get motivated by popularity of the dealership name, dealers trust worthiness, service quality, hospitality and friendliness of the sales staff, knowledge of the sales staff, previous experience, good personalized communication. 9. Majority of the respondents are prefer to go for Diesel engine, while 19% respondent preferred Petrol, 17% respondents are want to prefer Hybrid, 12% respondents are want to prefer Electric.
10. 61% of respondents prefer to pay extra for getting extra features for their car while making a purchase and the rest said no.
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17. It is found that majority of the customers do not want to buy a eco-car though some of them are aware of it. Further, 40% of them are not sure about whether they would buy it and only 15% of them prefer buying an eco-car. 18. Out of 100 Respondents, 77 % respondents said they would prefer to visit the dealer personally for buying a car, 14% respondents said theyd get it done by a third person, and 9% respondents said Buy it over internet.
19. The respondents are said that the ability to negotiate price online, ability to compare the cars online, ability to get quotations online and ability to contact concerned person online are a few important factors that would make them go online to make car buying decisions on net.
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21. Respondents said that they expect Post test-drive survey, Customer satisfaction survey after service, Customer satisfaction survey after purchase from the dealer and a few respondents said they expect Invitations to special events from the dealer from whom they buy car.
22. According to majority of the surveyed respondents, Size of the car, Cash Discounts, Safety features of the car, Reliability, and fuel efficiency are highly important for the consumers while buying the car. Further, Price of the car, design of the car and features of the car are some other factors which consumers consider to be important ones to make their decision on the car.
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Suggestions
The dealer should try launching the advisement locally in coordination and cooperation with the company which depict the common gaining future of using the Tata car and should appeal to station ego of the learners. The dealer can suggest the company to continuously intrudes the better fuel efficiency car with upgraded technology and low maintenance cost every time, so that the learner who say they change the cost very rarely or occasionally will be forced or tempted to relive the holder various of car quicker. Since majority of the common prefer the selling the old car which buying the newer one the dealer can conduct regular exchange mela offer may be during festival season, or during the off season. It is suggest to the dealer to response the consumer quarries quickly as possible and at least within 24 hours so that the customer are not satisfied and may not deflect from buying from the dealer. It is suggest to the dealer to train its employee both sale and service people to provide good quality of service and deal friendly with the customer the dealer also need to carry out endures to improve the sales and soft skills and knowledge as all these act as very important in influential technical factor for the common to long from a particular dealer. Majority of the respondent still prefer diesel engine the dealer should be aware about stocking ability and the diesel version of the car to customer. Majority of the customer do not bother to spend on extra accessory for their car they strongly want their car for look ass attractive possible the particular trend provide dealer with great opportunity of purchasing there other extra car beauty fashion accessory. Currently consumer are wanting black ,white ,spotty color cars the trend of buying metallic color car is slowly diminishing the dealer thought to be aware about these color preference and should maintain the availability of these colors in the showroom otherwise there are common that the customer default.
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CONCLUSION
Marketing plays an important role in selling the product and building the brand name. However it is also important to know the customers Preferences and trend to enhance sales of product. So the project deals with the factors influencing the customers Preferences while purchasing Tata cars. Manickbag is a brand name in the Belgaum city and have a good sale potential but during the study it was seen that the company lacks in after sales service, which is very important for any organization which helps in retaining the customers.
Manickbag is known for timely delivery and maintaining relations with the customers but the company should take measures to deliver of products and good services to the customers to keep them happy and contented. An open session once in a year would help the company to know the views of the customers about the product and about the company. In this project through it was found that most of the customer like fuel efficiency, safety, look exterior& interior design of car etc. According to the ever changing customer preferences, the company ought be in pace with the trend so that it can maintain its existing customers as well as gain new customers to widen it customer base and grow profitable.
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Bibliography
Reference:
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Annexure
PERSONAL INFORMATION:
Name:
_____________________________________________________________
Occupation:
____________________
GRAPH QUESTIONS:
(b) Two--------------
Q.2: To what extent do you agree with the statement that, The Car You Drive Reflects Your Societal Status? 1.Strongly agree-------------------------------------------------2.Agree-----------------------------------------------------------3.Neither agree nor disagree-----------------------------------4.Disagree--------------------------------------------------------5.Strongly disagree----------------------------------------------Trident Institute of Management Sciences Page 70
Q.4: Which of the following influence would your decision to change car? 1. Style and looks---------------------------------------------------2. Driving and riding comforts-----------------------------------3. Upgrade for status-----------------------------------------------4. Fuel efficiency--------------------------------------------------5. Service and maintenance frequency----------------------------6. Upgrade technology--------------------------------------------7. Exchange offers--------------------------------------------------8. Cash Discounts---------------------------------------------------9. Finance schemes (installments)--------------------------------10. Any other reason. (Specify:____________________________________)
Q.5: What do you usually prefer when changing a car/buying another car for abovementioned reasons? 1. Buy a new car while maintaining older one. 2. Buy a new car on selling the older one. 3. Purchase a used car having above-mentioned features while maintaining older one. 4. Purchase a used car having above-mentioned features on selling older one.
Q.6: Specify the speed at which you expect the response from the dealer for your queries: 1. Immediately---------------------------------------------------2. Within one hour-----------------------------------------------3. Within 24 hours-----------------------------------------------4. Within 48 hours-----------------------------------------------5. More than 48 hours--------------------------------------------
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Q.8: How would each of the following motivate you to purchasing another car from same dealer? Motivates Neutral Doesnt Motivate
Factors Popularity of the dealership name Dealers trust worthiness Service quality Hospitality and friendliness of the sales staff Knowledge of the sales staff Previous Experience Good personalized communication
Q.9: Which type of engine would you prefer? (a) Petrol-------------------(c) Diesel-------------------(b) Electric-----------------------(d) Hybrid-----------------------
Q.10: Would you prefer to pay extra for extra features? (a) Yes------------------------(b) No---------------------------
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Q.12: Which media do you refer for the information about the cars? 1. TV---------------------------------------2. Print media----------------------------3. Used car dealers----------------------4. Internet---------------------------------5. Finance service brokers--------------6. Family and friends-------------------7. Automotive magazines--------------8. Others. (specify_______________________________________)
Q.14: You want to buy the above-mentioned color because: 1. It is current fashion----------------------------------2. It makes you the feel superior-----------------------3. Attracts attention-------------------------------------4. Future coming fashion------------------------------5. You like it----------------------------------------------6. Others select it for you-----------------------------7. Suits your personality-------------------------------8. Other reason. (Specify:__________________________________)
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Q.16: Are you aware about environment friendly car? 1. Yes--------------------------------------------2. No------------------------------------------------
Q.17: Rate your preference level for buying eco-cars: 1. Highly wanting to purchase------------------------------2. May or may not purchase---------------------------------3. Not interested in purchase---------------------------------
Q.18: Which of the following way would you choose to purchase car? 1. Visit the dealer personally-----------------------------------------2. Buy it over internet-------------------------------------------------3. Make it over telephone--------------------------------------------4. Get it done by a third person--------------------------------------5. Other (specify:_________________________________________)
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Q.20: How important for you is the personalized communication between you and the dealer? 1. Very important---------------------------------------------2. Important----------------------------------------------------3. Neither important nor unimportant----------------------4. Unimportant------------------------------------------------5. Very unimportant------------------------------------------
Q.21: What materials would you expect out of the dealer, from whom you buy car? 1. Service reminders via e-mail-------------------------------2. Post test-drive graph----------------------------------------3. E-mail newsletters-------------------------------------------4. Newsletters via postal mail----------------------------------5. Welcome pack after purchase-------------------------------6. Invitations to special events---------------------------------7. Customer satisfaction graph after service----------------8. Customer satisfaction graph after purchase---------------
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Specifics
Very Important
Important
Neutral
Unimportant
Very Unimportant
Size Free accessories Cash discounts Reliability Safety Price of car Exterior design Interior design Warranty Low financing Color of vehicle Road tax Fuel efficiency Engine Availability Product features
******************THANK YOU*****************
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