Professional Documents
Culture Documents
SYNOPSIS
on
INDEX
CH. NO.
1
2
3
4
5
6
7
CHAPTER TITLE
INTRODUCTION
INDUSTRY PROFILE
COMPANY PROFILE
EXECUTIVE SUMMARY
OBJECTIVE AND SCOPE
RESEARCH METHODOLOGY
DATA ANALYSIS AND
8
9
10
INTERPRETATION
OBSERVATION AND FINDINGS
CONCLUSION
SUGGETIONS AND
11
12
RECOMMENDATIONS
BIBLIOGRAPHY
ANNEXTURE
PG.NO.
INTRODUCTION:In this project we have studied the different car loan schemes and financial
procedure and their impact on automobile industry. We have procured the data from
the internal as well as external sources. Growth of automobile industry is driven by
the different car loan schemes provided by the different financial institutions.
Approximately 60% cars are sold on finance which makes this industry very crucial
and catalyst for the growth of automobile industry. We have strived to find out the
impact of car loan and financial procedure on customer and their buying behavior.
Billy was a man of vision, and his vision of automobile financing materialized in the
form of General Motors Acceptance Corporation (GMAC), the first large non-bank
financing source for automobile loans. In 1919, GMAC branches were opened in
Detroit, New York, Chicago, San Francisco and Toronto. In 1920, they expanded to
Great Britain. By 1928, theyd written their 4 millionth retail contract. As the
automobile industry expanded, so did the business of car loans .To make it easy for
potential customers to own Tata Motors vehicles, Tata ventured into vehicle
financing way back in 1957.Today, Tata Motor Finance (TMF), the in-house
financing arm of Tata Motors, provides a single window service to customers by
being accessible to them through the dealers.
Tata Motors Ltd pioneered commercial vehicle financing in 1957 in the name
of BHPC (Bureau for Hire Purchase and Credit). Tata Motors Finance Ltd (TMFL),
came into existence in June 2003. This was a common front-end, jointly formed by
BHPC (Bureau for Hire Purchase and Credit) of Tata Motors and the asset financing
arm of erstwhile Tata Finance Ltd.
The auto loan procedure is a simple process that can be obtained by going to
a lender and filling out an application form. You need to provide true and accurate
details to the lender as the information, especially that on your job and income,
helps the agent to work out details such as the rate of interest and the duration of
the loan; not forgetting the repayment structure. The loan is in a way secured by the
vehicle itself, and it hardly matters what your credit rating or score is! You could go
through the procedure on you own or employ the
COMPANY PROFILE
Jaika Motors
History:The Jaika Group began its journey on 2 November, 1954, with the founding of Jaika
Motors Ltd., in association with Tata Motors. Deals in a variety of products ranging
from all types of vehicles, White goods & electronic goods and petroleum derivatives
to a host of financial solution. Recording sales of a 100 units of trucks in its first
year. In the process, the group has also established tie-ups with a number of world
class companies such as Hyundai, TVS, Bharat Petroleum, Whirlpool, TCL,
Blaupunkt, ShimnitUtsch India, ILFS to name some.
The company has completed 50 years of association with Tata motors in the year
2004. growing from sales of 100 units of trucks in the 1 st year 3928 vehicles(cars
and trucks) in the year 2003-04 the company has in the district of Amrawati and
Chandrapur and a new branch in Wardha is opening shortly. The company has two
service workshop at Gadchandpur for onsite annual maintenance contract works for
maratha cement works (A unit of Gujarat Ambuja Cement) And one for Abhishekh
Transport and Autobulk Carriers. The company also Bharat Petroleum Dealership in
Amrawati (Diesel, petrol, and lubricant) jaika motors also has an integrated body
shop, situated at MIDC, HINGNA, NAGPUR. The territory covered for spare parts
City
Nagpur
Chandrapur
Gadchiroli
Gondia
Akola
Amrawati
Buldhana
OBJECTIVES:The objectives are as follows:1. To study the financial procedure of car loan schemes.
2. To study the different car loan schemes.
3. Impact of car loan schemes and finance procedure on car sale.
4. Approach of the customers towards car loan schemes and financial
procedure.
HYPOTHESIS:Emerging car Loan schemes and finance procedure driving the growth of
Automobile industry and enhancing future opportunities.
Research Methodology
1.) Universe of study: - Nagpur
2.) Sampling technique: - Simple random technique
3.) Sampling size: - 50
4.) Collection of primary data: -Through questioner and retailer survey.
5.) Collection of secondary Data: - Through online data, magazines Articles,
newspapers, organization employees.
Data Interpretation
On the basis of the data collected, data will be analyzed by different
techniques.
Conclusion
Conclusion will be drawn on the basis of data analysis and interpretation.
Chapterisation
1. Title
2. Introduction
Historical background
Current Scenario
Future prospects
Conceptual Framework
Bibliography
www.tatamotors.com
www.wikipedia.org
Submitted By
Guided By
Sadique Al Mamun
Bisen
Nidhi