Professional Documents
Culture Documents
Mitsubishi Group OF Company is a Japanese group of companies. In 1870, Yataro Iwasaki establishes company. the Later company many Mitsubishi of different as the shipping were division
established in the company. Mitsubishi Motor is the division of the Mitsubishi Group Of Company. Mitsubishi Motor introduced there first automobile Model A, which was Japans first automobile series. Mitsubishi Motor Company is the sixth largest automobile company in Japan and it rank seventeenth in manufacturing the automobile all over the world. Today, it is the biggest automobile industry established in Japan. Mitsubishi has it origin from the Mitsubishi Heavy Industries which is division of the Mitsubishi Group Of Company. Later it became totally independent division of the Mitsubishi Group Of Company. Mitsubishi Motor has headquartered of the company in Tokyo. Company has also designed many railroad cars and other equipments for the military during the period of 2 World War. After
the end of the 2 World War, they again started the manufacture of the normal public use vehicles. They also introduced many type of the vehicles like SUVs, vans, cars. Mitsubishi has many alliances in the other automobile company like Volvo, Peugeot and Hyundai. Mitsubishi Motor is also involved in the many of the motor sport events. They are also involved in the many of the rally motor sports. They are also competed in the in Formula One race. They are also winner of many of the races. They also won and competed in many Grand Prix Races. They also introduced many of the sports cars for the public use. They also manufactured many street legal racing cars. They involved in production of the electric cars and also produced many of these cars on road for the public use. They also introduced many of their concept cars in the auto expo shows. Mitsubishi is famous for their automobiles and heavy utility vehicles all over the world and hence it is one of the best companies in automobile production world.
Bonafide certificate
Sukanya research
Senapati under
who
my
supervision.
Certified
further, that to the best of my knowledge the work reported here in does not form part of any other project report or dissertation on the
basis of which a degree or award was conferred on an earlier occasion on this or any other candidate.
GENRAL MANAGER
CERTIFICATE
Business Administration to DSBM, Utkal University, Bhubaneswar under my supervision and guidance. Her report is an original work done by her to the best of my knowledge and has been duly completed.
Anjali
panda
DECLARATION
Myself, Miss. Sukanya Senapati hereby declare that the project report submitted by me entitled, A study on customer perception for light
commercial vehicle of Mitsubishi motors in odisha for the partial fulfilment of Bachelor in Business Administration Degree under Utkal University,
Bhubaneswar, is the record of original work done by me. No part of this content of this report has been submitted to any institution / university for the award of any other degree. Previous works in this field have been duly acknowledged as and when they have been referred.
ACKNOWLEDGEMENT
No endeavour is complete without acknowledging those who have helped to make this project a success. As such I would like to thank all those who have helped me to complete this project. It is my pleasure to thank Prof. R.K.Jena , Dean ,DSBM for granting me the opportunity to present the
express my heart filled gratitude to my esteemed teacher Miss. ANJALI PANDA (Project Guide & Mentor),who offered all the possible assistant during project
development and for the interest she took in sorting out my difficulties and offering guidance, supervision,
constant encouragement and facilitated aid whenever required. I would like to thank all the faculties of DSBM for providing necessary information and counselling .This study could not have been successful without the valuable inputs from my external guide Mr.TUSAR PATSANI, General Manager, Mitsubishi Motors as well as my colleagues for which I shall remain obliged and honoured.
CHAPTER-1 INTRODUCTION
INTRODUCTION
Marketing has a special significance in the management of business and industry in modern days .To understand the underlying principles of marketing, the traditional approaches were no more longer found suitable .This is so because various innovations are made during the recent past not only in production but even in marketing .The rapid changes in the fields of science and technology brought many changes in this sphere of economic life .Therefore, a modern approach has become inevitable so as to achieve the basic objectives of the firm .The business administrators began to think of a new way to cope with the changing situation.
As a result, the activities of the business firm started finding out the wants of the consumer as the priority and to satisfy such wants .The
consumer interest is the focal point in all the activities of a business firm. And instead of profitability, focus shifted to customer satisfaction and retainment.
Find out the awareness among the public with regard to the price of Mitsubishi
motors.
Find out the awareness among public with regard to the features of Mitsubishi
motors.
Secondary Objectives:
The
project
further
provides
the
To know about the percentage of different salaried class people owning cars.
To know about the percentage of various models of Mitsubishi motors used by publics.
To find out the percentage of choice of cars in small size car segment.
This study helps in analyzing the customer perception of cars in Orissa with reference to Mitsubishi motors and the study helps to
understand as well as to find out the awareness among the public with regard to the price of Mitsubishi motors find out the awareness among the public with regard to the features of Mitsubishi motors. Know about various segments of office goers with percentage of using cars. Know about the percentage of different salaried class people owning cars. know about percentage of various brands owned by public. Know about the
percentage of various models of Mitsubishi motors used by publics. know about the level of
satisfaction regarding mileage, layout, maintenance and service of different types of cars. Find out the
percentage of segment option by the public. Find out the percentage of choice of cars in small size car segment.
LIMITATIONS OF STUDY
The project is restricted only to the city of Cuttack. The result of the study cannot be
generalized.
REVIEW OF LITERATURE
Economists have divided all industrial and economic primary, activities secondary, into 3 main groups viz.,
tertiary.
Primary
activities
include agriculture, fishing, forestry .Secondary activities cover manufacturing and construction and tertiary activities refer to the services and
distribution. Daniel bell, in his book The coming of the post-industrial society called this period of dominance by the service sector as the postindustrial society. According to himIf an industrial society is defined by the quality of life as measured by the services desirable and possible for everyone. The term service is rather general in concept and it includes a wide variety of services. There are the business and professional marketing services such as
advertising,
research,
computer-
MARKET SEGMENTATION
Market
of the goods is
heterogeneous and is not homogeneous. Market consists of buyers who differ in many respects. Two potential buyers of a product are never identical in all respects. They may differ from one another in their wants. Purchasing power, geographical
locations, buying habits, in using the products, motives for buying a so on. All consumers, therefore, cannot be satisfied with the same product. If the marketing management analyses it as a whole market, the maximum benefit cannot be attained. Hence, proper analytical study of market is essential which can be achieved by dividing the whole market into mini sub-market. On the basis of their distinctive characteristics of the buyers who constitute the market. Each such sub-market is known as a market segment.
According to Philip Kotler, market segmentation is The act of dividing a market into distinct groups
of buyers who might merit separate products and /or marketing mixes.
R.S.Davar states that Grouping of buyers or
Provides various types of information that are useful in product and development, valuation of
marketing
research
marketing activities. Designs the products which truly reflect the demands of the market. Facilitates the preparation of sound
marketing program. Determines the most effective promotional appeals for the concern.
Helps
the
manufacturer
to
face
the
competition effectively.
Substantiality. Accessibility. Measurability. Nature of demand. Formulation of effective programmes. Difference in response rates.
MARKET TARGETING
Market targeting is the process of taking decision regarding the market segment to be served. At this stage it is necessary to understand
the terms target market and target marketing. The term Target Marketing means, a group of customers at whom the organization especially intense to aim its market effort ,On the other hand, the term target marketing is one in which the seller distinguishes the major marketing segments ;targets one or more of these segments and develops product and marketing programs tailored to each selected segment.
RESEARCH METHODOLOGY
A specification
Research of
methodology and
is
the for
methods
procedures
acquiring the information needed to structure or to solve problems. It is the overall operational pattern or frame work of the project that stipulates what information is to be collected from which sources, and by what procedures. If it is a good design it will ensure that the information obtained is
relevant to the research problem and that it was collected by objective and economical procedures. A research design might be described as a series of advance decisions that, taken together, from a specific master plan of model for the conduct of the investigation. Although research designs may
be classified by many criteria, the most useful one concerns the major purpose of the investigation. The major purposes of exploratory studies are the identification of problems, the more precise formulation identification of of problems relevant (including and the the
variables),
formulation of new alternative courses of action. An exploratory study is often the first in the series of projects that culminate in one concerned with the drawing of inferences that are used as the basis of management action. That is, an exploratory study is often used as an introductory phase of a larger study and results are used in developing specific techniques for the larger study, secondary sources of information, as used in the section, are the rough equivalent of the LiterAture subject. on the
The researcher prepared research design that states the conceptual structure within which the study should in be conducted The and the studies used
descriptive
nature.
researcher
descriptive study to describe the awareness among the public with regard to Mitsubishi cars, its price and its features.
SAMPLE SCHEME
Should we take a census or a sample? What kind of should we take? What size should the sample be?
dede
Define Census
cost
of
sampling
SAMPLE DESIGN
Operationally, sample design is the heart of sample planning. Specification of sample design which includes the method of selecting individual members, involves both theoretical and practical (e.g., cost, labour involved, and organization) considerations. Typical question to be answered include What type of sample to use? What is the appropriate sample unit?
METHODOLOGY
FIELD WORK
When the project on customer perception in
padmalaya Sales Corporation was decided upon, the main parameters to be looked upon were arrived at. After arriving at the main point for analysis the operational area of the study was derived taking the following into consideration. a) Age. b) Profession. c) Salary. d) Area of survey.
DATA COLLECTION
Datas were collected in the questionnaire format not on a particular date but taking into consideration ordinary working days.
QUESTIONNAIRE
The following points were taken into
consideration while preparing the questionnaire. To find out whether the respondents own a car. To find out whether this is the first time they own a car. To find out since how many years they owned the car.
SAMPLING:
According to Crisp the fundamental idea of sampling is that, If a small number of items or a whole (called a universe or population)the sample will tend to have the same characteristics and to have them in approximately the same proportion as the universe.
Sampling scientific
is
an
essential The
part
of
all
procedures.
researcher
collected and summarized the data quickly through sampling. scope Sampling for gives the more
researcher
collecting
accurate information.
SAMPLING UNIT: The researcher selected the sampling unit as respondents who are customers of service unit of Mitsubishi cars in Orissa.
SAMPLING SIZE: The researcher has taken 100 as the sample size for collecting accurate information and the researcher feels that it is larger enough to depict the universe.
SAMPLING METHOD: It is quite impossible to meet one and all or to collect the information from the whole
population. Therefore the researcher has adopted the non probability sampling method. Under this method the sampling units are selected according to the convenience of the researcher.
The primary data was collected from the customers of Mitsubishi motors to find out the level of awareness of Mitsubishi cars, its price and its features in various ways. Secondary data were collected using
Primary data The data collected for a purpose or for a particular problem in original known as primary data. The researcher adopted various methods to obtain the first hand information. The customers
are considered a main source of information as they can furnish important and original information regarding awareness of Mitsubishi cars its price and its features.
Secondary data Secondary data means data that are already available published researcher sources. collected The data from sources the for
various
(d) METHOD OF DATA COLLECTION As survey is best suited for descriptive research directly the from researcher individual gathered information through
respondents
personal interviews and questionnaire methods. The interview is structured where the researcher asked questions in a sequence and prescribed manner. Therefore the researcher to learns about the respondents awareness of Mitsubishi cars and there is lesser degree of inaccuracy in survey method.
The researcher collected the primary data through an effective tool known as questionnaire. It consists of 16 questions printed in a definite order and the researcher followed the prescribed sequence of these 16 specific questions and it is refered to as structured. The structured
questionnaire consists of both open-ended and close-ended type questions. The researcher used the main tool
questionnaire
Tables with percentage are drawn present inference as well tabular and percentage analysis. Statistical tools are used in this study based on chi-square and analysis of variance.
CHAPTER-6
METHOD OF ANALYSIS
The overall process of analyzing sample data and making inferences from then can be viewed as
categories for the information desired, sorting the data into them, making the initial counts of responses, and using summarizing measures to provide economy of description and so facilitate
understanding. Formulating additional hypothesis using the induction and derived from the data concerning the relevant variables, their parameters. relationships Their to differences suggest and
working
about the variables that are important, their parameters, their difference and
Snooping:
Finishing:
body of data and looking at many relations in order find those worth testing(that is, there is no pre designation)keeping in mind the above set views the following methods of analysis were made:
Tabular analysis and percentage analysis used to find the inferences from the questionnaire.
Chi-squares significance
analysis of
used
to
find
out the
variance
between
variable concerned.
Table
3.1.1
31
to 50
41
to 50
Above
23
36
31
Respondents
36% of the respondents are in the age group 41 to 50. 31% of the respondents are in the age group above 50. 23% of the respondents are in the age group 31 to 40. 10% of the respondents are in the age group less than 30.
10 23
31
36
Table
3.1.2
Self
Managerial
employed cadre
No. of Respondent 48 18 24 3 7
INFERENCE: From the above table it is inferred that 48% of the respondents are self employed. 18% of the respondents are government
employee. 24% of the respondents are of managerial cadre. 7% of the respondents are in the other categories. 3% of the respondents are under teaching and consulting.
18 24 3 7
48
Mitsubishi Pajero
Mitsubishi Montero
Mitsubishi Outlander
Mitsubishi Cedia
Mitsubishi Lancer
Table
3.1.3
to 60000 70000
to 70000 80000
to
Above 80000
25
11
21
24% of the respondents are in the income group 50000 to 60000. 25% of the respondents are in the income group 60000 to 70000. 11% of the respondents are in the income group 70000 to 80000. 21% of the respondents are in the income group above
21 24
80000.
11 25
Table
3.1.4
No. Respondent
of
85
15
INFERENCE: From the above table it is inferred that 85% of the respondents own a car right now. 15% of the respondents do not own a car right now.
15
85
Table
3.1.5
No. Respondent
of
49
51
INFERENCE: From the above table it is inferred that 49% of the respondents own a car right now. 51% of the respondents do not own a car right now.
51
49
Table
3.1.6
1 years
to
No. Respondent
of
71
14
INFERENCE: From the above table it is inferred that 71% of the respondents have been using the car for more than 3 years. 14% of the respondents have been using the car for less than 1 year.
14 71
your
brand
Hyundai
Others
No. Respondent
of
88
INFERENCE: From the above table it is inferred that 88% of the respondents own Mitsubishi brand.
3 2
88
If Mitsubishi,mention the model? Lancer Lancer Pajero Outlander Montero Cedia Evo Evo x
No.of Respondent
54
19
8 11
INFERENCE: From the above table it is inferred that 54% of the respondents own Mitsubishi Pajero model.
8% of the respondents own Mitsubishi Montero model. 11% of the respondents own Mitsubishi Cedia model. 5% of the respondents own Mitsubishi lancer evo model. 4% of the respondents own Mitsubishi lancer evo x model.
11 8
54
19
Only 1
2 or 3 3
More than
No.of Respondent
65
33
INFERENCE: From the above table it is inferred that 65% of the respondents owned only 1 brand.
2 33
65
Satisfied
Highly satisfied
55
45
0 45
55
Showroom
13
14
53
34
60000 to 70000 19 14 33
70000 to 80000 3 1 4
E)
E)^2
E)^2)/E
8 -8 0 0 -8 8 0 0
64 64 0 0 64 64 0 0 0
1.3 2.3
INFERENCE:
Since calculated value is higher than the table value, there is significant difference in buying of cars with various level of income.
Not satisfied 0 0
no.
Of
respondents
B) TATA BRAND
Not satisfied 0 0
Weighted avg. =Sum (rank given * corresponding no. Of respondents) / Total no. Of respondents * maximum score = ((0 * 2) + (2 *1) + (0 *0) / ((0+2+0)*2)
= 0.5
C) OTHER BRAND
Not satisfied 0 0
no.
Of
respondents
INFERENCE:
From the above comparison we have found that the satisfaction level of mitsubishi is at highest weighted average analysis.
Name
Mitsubishi Motors Corporation April 22, 1970 33-8, Shiba 5-chome, Minato-ku, Tokyo 108-8410 Japan Consolidated 31,003 ; Non-
Established
Head office
Number of employees
consolidated 12,831 JPY 657,355 million 1.Development, manufacture, and purchase, assembly, importing design, sales and
Capitalization
Purposes of incorporation
other transactions relating to automobiles and to component parts and replacement parts of said automobiles. 2.Development, manufacture, and purchase, assembly, importing design, sales and and to
automobiles
component parts, replacement parts and accessories of said used automobiles 4.Sales of measuring equipment 5.Acting as insurance agents in accordance with laws relating to property damage insurance and to automobile damage indemnity insurance. 6.Financing business 7.Any other business related to the purposes set out above Outstanding
Shareholders
totalled totalled
5,537,956,840
Outstanding
Mitsubishi Corporation
Mitsubishi Bank of
Heavy Industries, Ltd., Mitsubishi Tokyo-Mitsubishi Ltd., holds 34% of outstanding common stock.
Chairman [Representative Director ] President [Representative Director ]
Takashi Nishioka (As of 23 June, 2010) Osamu Masuko (As of 23 June, 2010) Consists of 13 members (As of July 1, 2010) JPY 1445.6 billion (in FY2009,
Board of Management
Net Sales
consolidated) 960 thousands units More than 160 countries 7 car manufacturing facilities in 5 countries subsidiaries) (inc. consolidated
Automotive Sales
Products Sold in
Manufacturing Facilities
-Plus 8 engine, transmission and parts manufacturing facilities in 5 countries subsidiaries partners)
Research & Development Design /
(inc. and
consolidated business
facilities
in
countries(inc.
consolidated subsidiaries) 57consolidatedsubsidiaries (Plus 4 equity method subsidiaries and 21 equity method affiliates) Mitsubishi Motors
Global Brand
CHAPTER-7 FINDINGS
FINDINGS
67% of the car owners are above the age of 40. Only 24% of the respondents are government
employee. 85% of the respondents right now own a car. 71% are owing cars for more than 3 years. 88% of the respondents have brand ownership with mitsubishi. 57% poses Mitsubishi Pajero model cars. 65% of the respondents are first time car users. Only 38% of the respondents are highly satisfied with the performance of their cars. Only 68% are aware of mitsubishi Pajero model. 53% of the respondents got awareness through showrooms. 81% of the respondents are planning to buy a new car in the future. As per statistical analysis, it is proved that there is significant difference in buying cars based on various professional segments.
There is significant difference in selection of cars with various income levels. There is no significant difference in selection of segments of cars with various professional segments. There is significant difference in selection of segment of cars with various income levels. On comparison of mitsubishi brand with Tata, Maruti, Hyundai and others through weighted average
method, we have found that the satisfaction level for mitsubishi is at better standing closely followed by Hyundai. As per analysation of variables there is no significant difference in selection of various brands of cars with various types of professional segments. As per analysation of variables there is no significant difference in selection of various brands of cars with various levels of income.
SUGGESTIONS /RECOMMENDATION
Padmalaya Sales Corporation should concentrate more on their products in the age group of less than 40 using favourable factors of Mitsubishi motors.
This can be done by using schemes to promote sales. Similarly, padmalaya Sales Corporation can
concentrate more on pushing the product through people of managerial cadre. The company should attack the people in the salaried class above 1,00,000 since this sector is not utilized properly. The brand ownership of Mitsubishi which covers 88% can be better utilized for selling Mitsubishi outlander. Advertisement is to be increased for mitsubishi models. Showroom advertisement can be further increased to create awareness for mitsubishi motors. Since the satisfaction level is high for Mitsubishi motors, it can be used as the positive factor for promoting Mitsubishi motors. The geographical location advantage can be fully utilized for good publicity and advertisement. The company can create more awareness by
conducting special schemes. A survey covering the various MNCs and other institution can be made separately and by making an
agreement with any financial institution, the product can be easily published.
CHAPTER-9
CONCLUSION
CONCLUSION
By doing this research study, I am able to provide suggestions to padmalaya Sales Corporation regarding improving the turnover with regard to some of the cars of Mitsubishi brands. Further this study made
wide coverage on ways to increase turnover through application of advertisement, sector selection and schemes.
CHAPTER-10 ANNEXURE
Annexure
Questionnaire 1)
Name of the respondent:
3) Profession: o Self-employed. o Managerial cadre. o Government employee. o Teaching and consulting. o Others. 4) Salary:
o 10000-20000. o 20000-30000. o 30000-40000. o Above 40000. 5) Do you own a car right now? o Yes. o No.
6) Is this the first time you own a car? o Yes. o No. 7) Since how many years you own the car? o Less than one year. o One to two year. o Two to three year. o More than three year. 8) Mention your brand ownership.
o Mitsubishi. o Tata. o Maruti. o Others. 9) If mitsubishi, mention the model. o Mitsubishi Pajero. o Mitsubishi outlander. o Mitsubishi Montero. o Mitsubishi Cedia. o Mitsubishi lancer. o Mitsubishi lancer evolution x. 10) How many different brands have you owned so
far? What are they?
o Not satisfied. o Satisfied. o Highly satisfied. 13) Are you aware of mitsubishi brand cars? o Yes. o No. 14) If yes please mention the medium. o Through newspaper. o Through television. o Through showrooms.
15) Are you planning to buy new car in the future? o Yes. o No. 16) If yes, please mention your option. o Small size car. o Large size car.
CHAPTER-11
BIBLIOGRAPHY
BIBLIOGRAPHY
PHILIP KOTLER, Marketing Management, Asoke K. Ghosh, Prentice Hall of India Pvt Ltd, ninth edition. Dr.N.RAJAN NAIR, SANJITH, R.NAIR, Marketing,
K.V.RAO, Research Methodology in Commerce and Management, Sterling Publishers Pvt Ltd, 1995. Research for Marketing Decisions-PAUL E.GREEN & others, 1997. INDIA TODAY MAGAZINE. Economic Times Newspaper. C.R.KOTHARI, Research Methodology, New Age