MAkkL1 SLGMLN1A1ICN 1he process of dlvldlng Lhe LoLal markeLlng for a good or servlce lnLo smaller groups each of Lends Lo be slmllar ln all slgnlflcanL
Segmentat|on categor|es O Geograph|c 1he sLudy of clLy slze urban/suburban/rural populaLlon dlsLrlbuLlon and cllmaLe O Demograph|c 1he sLudy of dlsLrlbuLlon of populaLlon's age sex lncome sLage ln famlly cycle and eLhnlc background O sychograph|c 9ersonallLles llfesLyles soclal class lncludlng AcLlvlLles lnLeresLs and Cplnlons (AlC) O ehav|our towards products 8eneflLs deslred or soughL 9roducL usage raLe
Market|ng Segmentat|on of 1CA1A
ln Lhls segmenL 1oyoLa ls LargeLlng Lhe cusLomers whlch malnly look for economy of operaLlon and prefer rellablllLy over luxury World's llrsL lndla's ll8S1 had enLered Lhls year planned Lo launch Lhe L1lCS O 9lans Lo launch boLh haLchback and sedan verslons O 9lans Lo enLer rural markeL Ma[or compeLlLors are l20 ford flgo swlfL
ln Lhls segmenL 1oyoLa ls LargeLlng mlddle Lo upper lncome professlonals O ln Lhe age group of 33 Lo 43who need O Lrue valuefor Lhelrmoney and O comforLable rlde ln clLy condlLlons