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The Sai comes with a bigger 2.4 liter engine compared to the
1.8-liter Prius, is roomier and has fancier features such as an
interior made from plastic that uses plant-derived materials.
V Toyota was one of the first manufacturers to introduce
the concept of ´Just in Timeµ production that allows to
reduce operating cost and overheads and to respond to
customer demand quicker.
V Toyota enabled interested customers to visit a special
website about Prius development as early as two years
before the introduction of the product.
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The companies includes
V The top management, looking to grab a technological advantage
over Ford and G.M.
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V Toyota does not sell the car from its website.
V By educating consumer about the prius.
V Establishing a web site to distribute information and
also sent brochures to likely buyer just before the
introduction.
V Advertising in magazines and in television channel.
V The tag line such as ´when it see red, it chargesµ
captured the consumer·s attention through ambiguity.
V Toyota took advantage of earth day too.
V Prius takes specially trained salesperson to explain and
promoye it.
V Personal selling will be carried out by qualified local
dealer.
V Strengthening the relationship with the Toyota brand
V Increase the consideration of Toyota when planning a
new car purchase.
V The target market should be reached as fully as
possible
V Customer and Consumers have to be made aware of a
new product and its brand name.
V Being a new product with a new technology, a prime
objective is to educate consumers and explain the
working of the Prius and advantages of this.
V Target markets should be excited about the new Prius
and spread buzz/ word of mouth.
V Communications should motivate consumers
to find out more about the Prius; visit the
website, order brochures, visit a local dealer,
order a test drive.
V The Prius should be considered as a full and
valid alternative to traditional cars.
V Ultimately communications should lead to a
purchase, a higher percentage of showroom
visits should be turned into sales.
V Brand image
V World third largest car manufacturing
company
V Market leadership
V Easy availability of spareparts
V Dealership network
V Always charge premium price
V Management control by local partner
V Distribution network
V Switching diesel market towards petrol and
cng market
V Failure of competitive model
V Unacceptability of competitor model
V Price increase
V Reduction in diesel price
V Entrance of new firms
V Public and alternative transportation
V The toyota prius is a hybrid electric mid size
car.
V Prius is a latin word meaning ´to go beforeµ.
V Developed and manufactured by toyota motor
corporation.
V First went on sale in japan 1997.
V Introduced worldwide in 2000 but sale did not
pick until 2004.
V Third least Co2 emitting vehicle.
V Sold in more than 40 countries and regions.