Professional Documents
Culture Documents
INTRODUCTION
•
1989 : Aqura was launched, the trendy range for the youth, colour ful, smart and
affordable plastic watches: “The other side of Titan for the other side of you.”
1992 : Raga the ethnic range, with striking symbolism from ethnic India, for the
sophisticated woman
1993, Insignia was launched, very distinctive and international-looking top-end watches,
for those seeking exclusivity and status.
1994, 2000 was launched, rugged, sporty and very masculine watches with serious
sports features (200-m water resistance, high precision chronographs) for those with the
penchant for adventure.
1995 Tanishq was launched, the most desirable jewellery brand was launched.
1996 Dash was launched, the cute and colourful range for kids.
1997 Sonata was launched, the affordable, good quality range for the budget-conscious.
1998 Fastrack was launched, the cool, trendy, funky range for the young.
1999, Nebula was launched, the solid gold and diamond-studded range of luxury
watches for those affluent people to whom gold is a precious acquisition.
2001, Steel was launched, the smart and contemporary collection for the young 21st
century executive.
2007 TITAN EYE+ was launched, the prescription eyewear
2008 Brand collections like the Octane, Diva, WWF and Zoop - each of them unique
and fascinating were launched.
Profit and Lost
Sheet
Net Income
CORE PRODUCTS
TITAN EYE +
PRODUCTS
Contact
Frames Lenses
MARKET SIZE
DEMAND DRIVERS
• Urbanization.
• Literacy.
• Penetration of TV & Computers.
• Poor eye health due to lifestyle/improper diet.
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OUTSOURCE
FR A M E & W H O LE S A LE LE N S R E TA IL
D E S IG N LE N S D IS T R IB U T I FIN IS H IN G
&MARKETI S E R V IC E
M A N U FA C T ON &ASSEMBL
NG U R IN G Y
Fo cu s o n d e sig n a n d h ig h m a rg in a re a s:
D E S IG N , R E TA IL , S E R V IC E & M A R K E T IN G .
Product
TANISHQ
Introduction
•
Brand positioning
• Changed the brand positioning from that of an elitist and
Westernized offering to a more mainstream, Indian one
• Shift from modern designs to more ethnic and traditional ones
• Introduction of Karat-meter
• Standardization of prices
• Quality assurance
Marketing Strategies, Sales &
Distribution
Pro d u ct
TITAN WATCHES
Sonata Dash! Fastrack
Nebula XYLYS
Market
Positioning
BRAND PURCHASING POWER (PRICE) RS. CATEGORY
EXCTA
SPECTRA
Purchasing power of
595-1,430
650-1,830
LOWER MIDDLE CLASS (Office wear)
COMMON CLASS
ROYAL consumers
960-2,830 UPPER- MIDDLE CLASS
TITAN -WWF:
Heritage collection
• Based on beautiful monument of India including The Taj-Mahal,
Lakshmi Vials Place, Jharokha, Konark ,Ajanta.
PROMOTION
Advertising media:
• Television
• Print
• Internet
•
Titan brand ambassador:
•
• Titan tagline: Be more
SWOT Analysis on titan
Strength
• Style
• Models
• Exclusive products
• Other than these there have few more strength like-
• Contribution of owned brands and retail. The profit is accounted by being in the retail space
which is booming.
• Watches are available with popular functions like dates, multifunction and chronographic.
• Guarantee/warranty
Weaknesses
Opportunities
• Seasonality
• Gifting concept
• Exchanging offer
D.
Threats
• Competitor
• Premium segment
• Mobile Phones
Marketing Mix:
Price:
Product:
• Quality and leadership are the two main terms for the Titan. As to achieve
the marketing objective this aspects should also be considered.
• A. Product line: To increase the sales, the difference in the prices of the
watches is justified by the features.
• B. Product pyramid: Portfolio of Titan’s product is of 3 distinct price-
range that can be defined in general, as Popular, Mid, and Premium.
• C. Product strategy: Titan created new segments and increasingly
focusing on segments individually.
Promotion:
• Promotional pricing:
• Marketing pricing: As by opening new shops such as the world of Titan – buy
directly from the dealer and hence the element of middleman is not there.
• Price discount and allowances: Every year Titan comes with a price discount
sale on the MRP of the watches. The allowances varies from one segment to
another.
• Creative advertising: Titan introduces a contest on cartoon network in india.com
which invites children to use creativity and design watch. The prize winning
design was launched as a new watch in summer 2002 collection.
• Promotion on occasion: Titan is one of the companies which formally believe in
the policy of promotion the product based on the occasions.
Place:
• Keeping in mind about the young trendy and fashionable consumers, Titan
distribute its product and set up ‘world of titan’ in different region. The
consumers life style in India, especially in urban area (because the turnover in
urban area is 210 million, while the turnover in rural area is 90 million) plays a
significant role in the success of Titan.
• A.Time Zone: Titan Industries brings together the country’s leading watch brands
under one roof, providing the customer with variety in brands, looks and price
ranges and also efficient after-sales service.
• B.Value Mart: These outlets sell surplus stocks of Titan watches at reduced
prices.
• C.Sonata Stores: Sonata stores is also an Authorized Service Centre for Sonata &
Turning back the clock since
1995
R e co m m e n d a ti
ons
Titan Watches
Tanishq
Titan Eye+
Azharuddin Mansiya
Chandan Priyadarshi
Dharmesh Mehta
Ishaque Mulla
Rohan Desai
Vijaysarathy Krishnan