Professional Documents
Culture Documents
BUSINESS MANAGEMENT
Pune
Summer Project
Report
Title: Post Launch Track of
FEVIKWIK WELD
MOHAMMED KAGDI,
MBA-II,
MARKETING
ROLL NO: 38189
Acknowledgement
Every work accomplished is a pleasure a sense of satisfaction. However, a number of people always motivate,
criticize and appreciate a work with their objective ideas and opinions. Hence, I would like to take this
opportunity to thank all, who have directly or indirectly helped me accomplish this project.
I sincerely thank Mr. Amandeep Malhari and Mr. Abhishek Prasad for their guidance and encouragement in
carrying out this project work. I also wish to express my gratitude to the officials and other staff members of
Pidilite Industries Limited who rendered their help during the period of my project work.
I would also like to thank Ms. Priya Maitra for providing me the opportunity to embark this project.
I would like to express my gratitude towards my faculty guide Dr. Preetha Menon for her kind co-operation and
Encouragement which helped me accomplish this project.
My special gratitude and thanks to Dr. R Raman (Director - SIBM Pune) and Placement Advisory Team for
providing me this much needed opportunity.
Mohammed Kagdi
SIBM Pune
Executive Summary
A new product variant of fevikwik had been launched by the company called Fevikwik Weld which
constitutes of additional welding powder with Fevikwik to instantly fill gaps and recreate broken parts. This
project aims at collecting the feedback from its users (Auto-Mechanics) and Sellers (Auto-Retailer) at various
markets. Based on the feedback, the project aims at identifying the problems and providing suggestions in the
context of market picture of fevikwik weld.
A sample size of 300 Mechanics and 100 Retailers had been set; these stakeholders will be interview though a
questionnaire. Random sampling is adopted to get the most accurate results. Secondly a record of percentage of
awareness about the product in the market is also a part of the scope for this project.
In the quest of finding 300 users and 100 sellers, met 717 mechanics and 291 retailers at Nagpur, Chandigarh
and Karnal. The awareness level of the product and the percentage users has immense scope for improvement.
Most of the consumers of this product are in the two wheeler segment, remaining users mostly constitute of four
wheeler mechanics, Both the segments mostly use this product on fiber and plastic parts. While the users like
the concept of welding powder. There are many mechanics who feel its not a value for money or a
product of their need.
The users expressed that compared to mud; this product serves a stronger bond and gives a visual appeal. The
consumption of this product ranges from 1-2units per week and this product can be used in 1%-10% of the
vehicles which are treated by mechanics in a month.
Almost all the users have complained of quantity mismatch between fevikwik and welding powder. According
to them the fevikwik quantity needs to be increased from 2g to at least 3g. Though there seems to be no critical
issue with the price, Retailers seemed to be dissatisfied with less margins and less sales of this product.
Two wheeler and four Wheeler Mechanics stock this product (5-10units) and sell 2-5units a week. Retailers
expressed that there is a lot of scope for improvement in demand for this product, provided the company carries
out sufficient marketing campaigns.
The main source of awareness of our users is promoters, thou it was observed that CMDI conducted activities
have much more qualitative impact. The placement of the product in majority of the outlets is such that it does
not capture the eye of the customer. Also this product is popularly known as Powder Wala Fevikwik among
the mechanics.
Based on market feedback, the main recommendations include two new SKUs of the product. A smaller one
for one time usage and a lager one for repeated usage. A change in the Metal Fevikwik Tube and market
potential for black welding powder.
For the awareness bit, Changes in the Demo kit, Posters and promoters process have been suggested with an
elaborate awareness camping called Fevikwik Weld Mobile Camp
Contents
Data and Methodology ..7
Findings ..8
Overview ..8
Awareness.10
Product.11
Price .15
Distribution..16
Promotion.16
Recommendations..18
Annexure ....24
Project Objective:
The objective of this research were as follows
Deliverables:
Research Objectives:
To find out the Percentage of Auto retailers who stock this product
Methodology
The research was carried out in three locations
Location One: Nagpur
Went to areas where some activity of promotion have been carried out for Fevikwik weld, approached
mechanics through Random sampling and surveyed the same through a Three Questions Survey to judge
awareness. If the mechanic turns out to be an active user of the product, then another elaborate interview
Through a Questionnaire is carried out to record the feedback of the product. The same was conducted for
Auto retail outlets
Location Two: Chandigarh and Karnal
Instead of going to the areas where activities were conducted, went to areas randomly to meet mechanics and
Auto retailers and carried out the same awareness and user feedback questioners.
7
Findings
Overview
Awareness:
The level of awareness of Fevikwik Weld among mechanics at areas where activities have been conducted at
Nagpur is 77%, while it is 40% and 69% in Chandigarh and Karnal (Random Sampling). The percentage of
users of this product is 60% at Nagpur, 25% at Chandigarh and 57% at Karnal.
The level of awareness from the auto-retailer segment is 79% at Nagpur, 49% at Chandigarh and 94% at Karnal,
while the percentage of retailers who stock this product is 52% in Nagpur, 34% in Chandigarh and 55% in
Karnal.
Product:
70% of the users were under two wheeler segment with applications on Plastic and Fiber body parts of the bike
(Fairing, Mask, Indicator, Mudguard), Fevikwik weld was also used by the two wheeler mechanics for
threading metal leakage at engine chamber.
The remaining users, Four Wheeler mechanics application mostly constituted and Bumper, Dashboard and rear
view mirror. Apart from this it is also used in treating engine and radiator pipes.
Even 94% of the Retailers believe this product is mainly used for treating fiber and plastic parts.
The key reasons of the mechanic for not using the product were lack of requirement, Availability of a substitute
(Mud) and the inclination of the customer to go for the Rs 5 Fevikwik. While Key likes of users included the
products feature of providing a better substitute than Mud which is impure, Adulterated and risky.
80% of the users substituted mud with Fevikwik weld for its better bond strength, Visual appeal, Ease of use,
Uniform powder which fills small gaps and Fast dryness.
The weekly consumption of the users ranges from 1 units 2 units, and the monthly percentage of cases of
Requirement ranges from 1%-10% of the total vehicles treated by the mechanic.
84% of the users are dissatisfied with the quantity proportion of Fevikwik Tube and Welding powder.
Mechanics complain that Fevikwik Tube gets exhausted way before the Welding powder. Mechanics resort to
either Rs 5 Fevikwik or Flexkwik to finish the remaining powder.
8
Promotion:
44% of the users have promoters as the source of awareness while the remaining 56% are equally brought aware
through the CMDI Activities and Word of mouth. The placement of the product at retailers outlet is mostly
done in areas of low visibility, And the product is popularly known as, Powder wala fevikwik
Findings
Awareness:
The Nagpur awareness are based on the areas where product promotion activities have been conducted,
Therefore this kind of awareness should be aimed for, When a random sampling at any other city be conducted,
Currently level of awareness reported by random sampling in the city is only 40% and the usage even less.
While small markets generally tend to result in high effectives of the promotion activity as seen in karnal.
10
Same pattern can be seen at the Retailer bit, It is observed that the gap between aware retailers and stockers of
the product is more (Compared to mechanics). The main reason for retailers to not stock the product is that it
does not yield good sales.
Product:
Majority of the consumers of Fevikwik Weld Fall under the two wheeler segment, while the applications by
them are mostly restricted to plastic and fiber parts.
11
Of the Four Wheeler Mechanics who use our product, Most of the usage is clustered at plastic and fiber parts,
The rate of usage per mechanics in this segment is less, but the Quantity of usage under this segment is more
comparatively.
Upon asking the retailers, What are the applications of this product?, 94% of them suggested only the
applications in plastic for the product. Mechanics are not sure about the outcome in metal usage, while they also
do not sand, or spray paint the treated area after application. Mechanics are not aware of the quantity of usage.
The mechanic compares the cost of this product with Rs 5 Fevikwik, along with that the current product SKU
does not satisfy both One time usage Segment and Repeated Usage Segment. There is a scope of increasing
the consumption of the product by creating more need, as some mechanics feel they dont need the product,
while other mechanics in the same category are using it.
12
Most users of this product have substituted their habit of using mud with Fevikwik to Fevikwik Weld, for its
bond strength, Visual appeal and Ease of use,
While some mechanics who still like using mud justify their usage by stating its cost effectiveness and
characteristics of mud like roughness and fast absorption as the key point that make the bond much stronger and
economical than Fevikwik weld.
Even thou the frequency of cases for both 2W and 4W mechanics are the same. The actual quantity of bikes a
2W receives is much more than the number of cars a 4W mechanic receives, Therefore the units of
consumption under two wheeler mechanic is high.
13
One of the most prominent complains on the product by the users was on the mismatch of fevikwik Tube and
welding powder, The analysis tells that the ideal ratio of fevikwik to welding powder is 3 : 15
Mechanics also expressed their complaints regarding the metal packaging of the fevikwik tube.
14
Price:
While most of the Mechanics are satisfied with the pricing of Fevikwik Weld, 25% of the users expressed less
willingness to pay, and found the 25rs high.
Retailers too are happy with the price, but suggested an increase to Rs 30 got better margins.
2W Margins Feedback
4W Margins feedback
63%
55%
Dissatisfied
Satisfied
15
Distribution:
The product is sold by 2W Auto retailers, 4W Auto Retailers and some hardware shops, While in the same
market outlets of Tire Puncture repairers, Bike Laminators, Shockers Mechanic, Seat Cover,Painters, Car
Battery Retailers ,Oil and Lubricants Retailers, Auto Electric accessories Retailer, Tire & wheel Retailer do
not stock this product as they do not get the need or the demand.
On an average the retailers stock 10 Units of fevikwik weld and sell 2 Units to 5 Units
weekly, The sale in hardware segment is critically low,
Retailers main reasons for stocking the product are
-47% of the retailers find the product very useful and high in potential
The overall demand received by the stockers of fevikwik weld in 2W Segment is good While In 4W Segment,
52% of the sellers receive Very less demand for the product.
In Hardware, 85% of the sellers receive Very less demand for the product
Of the 2W & 4W retailers who have an In-house Mechanic Majority (35%) of them consume 20% of the
stock themselves.15% of the retailers, who currently stocks the product, Will Discontinue stocking it in the
future
Major reasons for not stocking it is that the product has Less Demand.
Promotion
Quantitative
Qualitative
Recommendations
Proposed Change in the packaging of fevikwik tube from metal to a plastic one, as 54% of mechanics
have expressed the following complains about the tube.
Apart from the container, the Fevikwik nozzle size can be manipulated in such a way that both the powder and
the fevikwik exhaust together.
Mechanics have also expressed (25%) a need of black welding powder, as the frequency of cases of application
on black surfaces is quite high, A pilot launch of Black powder variation is suggested.
-Will act as product from one time usage in Mudguard, Indicator, Dashboard, Plastic faring.
Promoters Process Modification:
Issues with current process:
-Product pitch not impactful
- Does not demonstrate its usage in metal
- No structure or Standardization
New Promoter System:
End User Engagement kit
Demo kit (Modified)- Visual Application Booklet- Masking Tape, Sand Paper, Book
Structured promoters routine:Promoters Script- Refined Targets & Beat- Feedback Collection
New Posters & Pamphlets
- New Poster (2W, 4W)- New Pamphlet - Four Videos (Whatsapp)
Campaign objective: Drive product awareness and usage in big motor markets at Cluster level
Promoter:
Dedicated full time employees, who knows the local Language and Experience in Public
presentations, Equipped with technical knowhow
Van:
Mini Meet:
How to make it engaging: Anaglyph 3D (New & Feasible): Works on any TV, Glasses cost 30-40 Rs
Cost:
-We Currently spends: Rs 27 per mechanics (11k/400)- With same cost per mechanic
-Our Budget will be : Rs70k (for 2.6K) Mechanics/ Month
Mechanic
Questionnaire
Post Launch Track of FEVIKWIK WELD
1.
4.
5.
6.
7.
8.
14.
Name:
Shop Name: Area:
City: Category: 2W/3W/4W
I.
II.
III.
IV.
V.
VI.
VII.
Name
Category
In-House
Garage
2W / 3W / 4W / Other
Yes / No
Other
VIII.
IX.
What is your satisfaction level with the margins of
the product?
a. Satisfied / Neutral / Dissatisfied
X.
If you stock 10 units, what is the proportion of each segment?
a. 2W Mechanics / 3W Mechanics /4W Mechanics / Household
Consumer / Self Use b.
XI.
((Observe the way they present the product, See if it captures the eye of mechanic and
how visible it is))
a. Highly Visible / Neutral / Less Visible
XII.
What do you feel the company should do to promote this product?
a.
XIII.
Are there any improvements in the product that you would
like to suggest?
a.
Annexure 3:
Awareness Observation Table
Name of Outlet
Mechani
c.
1
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
AutoRetailer
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
Area
2w / 4w
Do you know
about
Fevikwik
Weld
?
Aware of
usage
and
benefits
?
Do You
use
Stock/
Fevikwik
Weld