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Summer Training Report ON "Promotion of New Product Mahindra Yuvraj-215 in Lucknow District"
Summer Training Report ON "Promotion of New Product Mahindra Yuvraj-215 in Lucknow District"
ON
Promotion of new product Mahindra
Yuvraj-215 In Lucknow district
1
Declaration
I also declare that this project is the result of my own effort and has not been
submitted to any other institution for the award of any Degree or Diploma.
Place: Lucknow
Azhar Siddeeq
2
Acknowledgements
If words are considered to be signs of gratitude then let these words convey
the very same
My sincere gratitude to Mahindra & Mahindra co. ltd for providing me with
an opportunity to work with Mahindra tractors and giving necessary
directions on doing this project to the best of my abilities.
I am highly indebted to Akansha mam , Channel development manager of
Mahindra tractor & Ashish saraswat sir Area manager of Mahindra tractor. ,
who has provided me with the necessary information and also for the
support extended out to me in the completion of this report and his valuable
suggestion and comments on bringing out this report in the best way
possible.
I also thankEkta mam, SBS CTM , Lucknow , who has sincerely supported
me with the valuable insights into the completion of this project.
I am grateful to all faculty members of SBS CTM , Lucknow and my friends
who have helped me in the successful completion of this project.
3
Table of contents
1 Introduction 6 - 17
3 Company Profile 24 - 46
4
3.3 About Mahindra Group 29-42
4 THEORETICAL 47 - 54
FRAMEWORK
4.2 COMPONANTS OF 49
PROMOTION
1. ADVERTISING: 49-50
3. PERSONAL SELLING: 52
4. DIRECT MARKETING: 53
5. PUBLIC RELATIONS: 54
5 Plans & Actions 55 - 64
6 Data analysis 65 - 82
7 Recommendations & 83 - 84
Findings
8 Conclusion 85
9 Bibliography 86
5
CHAPTER I
Introduction
Scope of the project
Importance of the study
Objectives of the Study
Research Methodology
Limitations of the Study
6
INTRODUCTION TO THE PROJECT
This chapter explains about the background and states the objectives of the project. The
purpose of the study is to create the awareness of Yuvraj-215 and increase the penetration
of the product in district Lucknow.
Promotion is comprehensive terms, and covers the entire gamut of advertising, publicity,
public relations, personal selling and sales promotion. Sales promotion is thus a part of
promotion and is restricted to direct inducement on a short-term basis services.
The same promotional strategy was applied by Mahindra to promote their products and
boost up its sales. Mahindra performed promotional activities like canopy, live
demonstration displaying the product in Ek Mahindra outlets, testimonial, brusher
distribution & one to one product pitching to mango orchard owners, farm owners,
contractors & traders etc.
In the present competitive world if any business organization has to survive, it needs to
keep an eye on various forces operating in the market. More over competitors constantly
try to win over others. In this scenario, every business organization needs to monitor the
changes taking place in the market so that they are not caught. Market research is an
efficiency tool in the hands of a marketer that helps him to take changes taking place in
the market.
7
SCOPE OF THE PROJECT
8
IMPORTANCE OF THE STUDY
This study is important in the sense as we can measure the position of the product after
analyzing the data that we have with us. This study also gives an experience to the
management student who is doing the research, as it is the base of marketing.
9
Objectives of the study
1. To create awareness of Yuvraj 215 and increase the penetration of
Product in Lucknow district.
10
RESEARCH METHODOLOGY
DEFINITION:
RESEARCH METHODOLOGY
11
RESEARCH DESIGN
A research design is the determination and statement of the general research approach or
strategy adopted for the particular project. It is the heart of the planning. If the design
adheres to the research objectives, it will ensure that the client need will be served.
In order to achieve the objective it was necessary to talk to the customers and
public to draws the conclusions regarding the objective.
For visiting the customers and publics to collect the relevant information; a
questionnaire has to be designed. The questionnaire was designed in such a
manner to achieve the objective of the research.
The sample size taken is 100 customers and publics.
12
TYPE OF RESEARCH
Descriptive Research:
This is kind of research structure which is concerned with describing the characteristics
of the problem. In this way the main purpose of such a research design is to present a
descriptive picture about the marketing problem on the basis of actual facts. For this it is
important to obtain the complete and actual information about the subjects.
NATURE OF RESEARCH
Quantitative type of research has been used. As all the data was based on numerical
figures obtained in the survey.
TYPE OF QUESTIONS
The questions were self-administered, with a view to obtain maximum information from
the respondent that is why the questions were straightforward.
TYPE OF QUESTIONNAIRE
The entire questionnaire was standardized and formalized.
TYPE OF ANALYSIS
As all the data found in the survey is totally numerically so the type of analysis was
statistical.
13
SOURCE OF DATA
PRIMARY DATA
The data which is collected fresh and for the first time and thus happen to be the original
one characteristic is called as the primary data.
1
SECONDARY DATA
The data which is already collected by someone else and which have been passed through
the statistical process is known as the secondary data.
Interview Method
In this project I have taken the questionnaire method for collecting necessary
information. In this method a questionnaire is given to the person concerned with
question to answers the question and return the questionnaire.
A questionnaire consists of number of question printed in a definite order on a form or a
set of form.
14
SELECTION OF THE SAMPLE/SAMPLING PLAN
This is one of the most important steps of a research design procedure. Generally, in
most of the marketing studies on sample or most of the sub group of the total
population pertaining to the subject is included on the place of the universe.
The following things are primarily considered in the sample:-
Sample size
Sample Population
A survey of people who either own or plan to purchase tractor and on located in
Lucknow city only.
Sample extent
1
2 Mohan lalganj
3 Gosai ganj
4 Malihabad
5 Maal
6 Bakshi ka talab
7 Itaonja
15
Sampling Methods
The sampling method for the survey was random sampling. Random sampling suggest
away of sample selection where in any item of the population is likely to be selected
in a sample as any other item it means that all items of the population have equal
probability of being selected in the sample.
The report mainly consists of a data from the primary source gathered the schedule of
questions. Questionnaire is the formal tool of asking questions directly from
respondents by which questions are asked. Information about the product is taken
from various sources such as websites, newspapers etc
16
Limitations of the Study
Time constraint has prohibited from going deep into the subject.
Respondents.
17
Chapter-2
INDUSTRY SCENARIOS
History of the Tractor
Uses of Tractors
Role of Tractors in Indian
Agriculture
The Indian Tractor Market
18
INDUSTRY SCENARIOS
The tractor industry in India has developed over the years to become one of the
largest tractor markets in the world. From just about 50,000 units in early eighties the
size of tractor market in the country has grown up to over 200,000 units. Today
industry comprises of 14 players, including 3 MNCs. The opportunities still are huge
considering the low farm mechanization levels in the country, when compared to
other developed
economies across the world. Key concern for the industry is its dependence on
agricultural income in hands of farmers and the state of monsoon. The key players
are Sonalika, John Deer, Mahindra, New Holland etc.
The word tractor was derived from the combining parts of the word tractor and motor
and was first noted in a patent issued in USA in 1890. A self-profiled power unit used
to pull 100 to carry and operate till age cultivation harvesting, machinery to provide
power take of or other, power out let a drive stationary and down implements,
machinery as distinguish from tractor to pro puller steam engine tractors.
Tractor was first used during the 1870's these tractors called tractors engine were
large four wheeled machine driven by steam. They provided enough power to pall as
money as 40 plough they were too awkward to be practical. The first tractors in the
since of powered traction vehicles, grew out of the stationary and portable
steam engine operated on farms in 19 the century and used to hour plows by 1890's.
19
Uses of Tractors
20
Role of Tractors in Indian Agriculture
India has always been heavily dependent on agriculture for its economic growth.
It follows that mechanized farming would increase agriculture output in the
given the huge trucks of land which cultivated are would assume that tractors are
sold in a big way in our country.
Indian agriculture is as old as civilization itself & the Indian farmer has the benefit
of a vast past experience the yield of crops in India are very low when compared
to even some of the south east when compared to even some of the south east
Asian countries.
Agriculture forms the backbone of the Indian economy & despite concerted
industrialization in the last four decades; agriculture occupies a place of pride.
Being the largest industry in India, it is the source of livelihood for over
70% of the national income. Its importance in industrial development in the
supply of raw-materials to leading industries like jute, textile, sugar etc, is very
high.
Agriculture increase national income & it helps in industrial development,
agriculture helps for the promotion of international trade & the development
of agriculture is essential for economic growth, the significance of agriculture in
India arises also from the fact that the development in agriculture is an essential
for the development
of the national economics.
Though the experience of Indian farmer the yields crops in India very low when
compare to other countries. For this reasons are quite obviously mono
cropping & repeated use of land without rest is one problem is the efficient use
of good fertilizers expect domestic fertilizers also primitive & traditional, besides
the wooden plough, hoe,
sickle & other old method of practicing agriculture no any mechanical or other
devices are used.
By mechanization of agriculture, we mean the replacement of animal & human
power by machinery & pouching done by tractors. Sowing & putting of fertilizers
by the drill & reaping & thrashing by the combined harvester & so on. The
tractors will so be used in transporting crops to markets. By using tractors, crops
can be easily taken.
21
The Indian Tractor Market
22
for most popular models. These problems were more acute in the season & often
aggravated by the Short supply of premium models.
However, since October 1996, a distinct change has been observed in the tractor
market. All tractors models, including the so called premium products, are
readily available in the show room. The main reason for this phenomenon is that
all tractor manufacturers have been gradually increasing their production volume
in the last few years and presently the total production capacity of all the
tractor manufacturers has reached approximately 2.7 lakh units. This will ease the
supply position of tractors and in times to come the customer will not have any
waiting period for a tractor.
23
Profile of Mahindra & Mahindra Tractors
24
was merged with M and M in 1977. M and M is originally a principal supplier to
the government for defense and
Other departments. M and M has restructured its operations. While the focus is
an automotive and tractor divisions most of the other business including IT,
Infrastructure and financial services have been hired off into new ventures.
Mr. Anand Mahindra is a member of the class of 1977 Harvard College,
Cambridge; mustache sets form where he graduated manger cum laude (high
honors). In 1981 he secured on MBA from the Harvard business school in Boston
after returning the India he joined Mahindra urine steel company ltd.
In 1989 he was appointed president and deputy-managing director of MUSCO. In
April 1997, he moved over to M and M as the deputy- managing director. In April
1997, he was appointed as the managing director by the board of M and M. Mr.
Mahindra was also the co promoter and is the chairman of total Mahindra
finance ltd. Mr. Mahindra writes frequently on business and general economic
subject is leading business and writes frequently on business and general
economic subject is leading business and Business magazines.
25
Mahindra Tractor Histories
Mahindra & Mahindra began manufacturing tractors in the early 1960s for the Indian
market. Nearly 50 years later, Mahindra has become one of the top three tractor
companies in the world with annual sales above 150,000 and over 1.6 million tractors
sold to date. Mahindra products are making farms more prosperous in more than forty
26
countries on six continents. Following the vision of farm-tech prosperity, it has also
expanded into farm-support services, including agri-mechanization solutions under
Mahindra AppliTrac; seeds, crop protection, and market linkages and distribution
through Mahindra ShubhLabh; and agri-support information and counseling through
the Samriddhi Initiative.
Through this network of services, it aims to empower the rural farmer and transform
rural productivity, income, and living standards. It wants to improve farm lifestyles
by making hard work easier, increasing yields, and increasing returns. All Mahindra
tractor brands, ranging from the 15 HP engine to 75 HP, have been designed in close
communication with farmers about their day-to-day tractor usage and farming
practices. Mahindra farm equipment and services provide a comprehensive support
system to help farmers prosper.
Mahindra see a tremendous latent demand for tractors in India. Less than 10 percent
of all farmers own tractors, and 93 million of 116 million farm plots smaller than five
acres. Mahindras small, low-cost tractors have the potential to revolutionize these
farmers productivity and work experience by mechanizing small farms for the first
time, and their larger tractors help farmers continue to grow. Mahindra has been the
market leader in India for nearly three decades with a market share above 40 percent.
27
28
29
About Mahindra Group
Today, its operations span 18 key industries that form the foundation of every modern
economy: aerospace, aftermarket, agribusiness, automotive, components, construction
equipment, consulting services, defense, energy, farm equipment, finance and
insurance, industrial equipment, information technology, leisure and hospitality,
logistics, real estate, retail, and two wheelers.
30
31
32
Leadership
The company has always believed that ethics and good governance
coupled with vision and grit are fundamental to being a successful business,
and its leadership team embodies these beliefs.
Keshub Mahindra
33
Anand Mahindra
34
The group executive board (GEB)
The Group Executive Board (GEB) Made up of people from all segments of
industry, the GEB explores synergies between all its businesses to unite its
goals and forge strategic plans.
Anita Arjundas
Zhooben Bhiwandiwala
CEO Real Estate Sector and
Executive Vice President & Managing
Managing Director, Mahindra
Partner Mahindra Partners Division
Lifespace Developers
Rajeev Dubey
Bharat Doshi
President Group HR & Aftermarket
Executive Director & Group CFO
Sector, Mahindra & Mahindra
Ruzbeh Irani
Ramesh Iyer
Executive Vice President Corporate
Managing Director Mahindra &
Strategy & Chief Brand Officer,
Mahindra Financial Services
Mahindra Group
Romesh Kaul
Rajesh Jejurikar
Global CEO Gears Business, Systech
Chief Executive Automotive Division
Sector
35
Harsh Kumar
Managing Director Mahindra Hemant Luthra
Intertrade & Mahindra Steel Service President Systech Sector
Centre
Anand Mahindra
Anoop Mathur
Vice Chairman & Managing Director
President Two Wheeler Sector
Mahindra & Mahindra
Bishwambhar Mishra
V.S. Parthasarathy
Chief Executive - Tractor & Farm
Group CIO, Executive Vice President -
Mechanization, Farm Equipment
Finance, M&A
Sector
Pravin Shah
S.P. Shukla
Chief Executive International
Special Group Projects, Member of
Operations, Automotive & Farm
the Group Executive Board
Equipment Sectors
Rajan Wadhera
Chief Executive Technology, Ulhas Yargop
Product Development and Sourcing, President Information Technology Sector & CTO,
Automotive & Farm Equipment Mahindra Group
Sectors
GUIDING PRINCIPLE
36
BRAND
Since 1945, The Company has been built around the core
idea that people will succeed if they are just given the
opportunity. Employees across the Group constantly challenge conventional
thinking to create solutions that make a significant difference in the lives of
customers. That is why everything Company buildbe it a tractor, financial
service, solar-powered lamp, or softwareis designed to empower you to
reach your potential.
37
Accepting No Limits-
Company accept no limits, and ask the same of everyone else. In return,
it works relentlessly to provide the tools, information, and inspiration to push
past limitations and comfort zones.
This challenger spirit galvanized it to meet the oil crisis in the 1970s by re-
engineering its fuel-efficient tractor engines for utility vehicles. It led the
company to take on the challenge of designing the Scorpio utility vehicle at a
cost that many industry experts thought was impossibly low. Company has
created completely new business models to enter areas others had written off
or ignored, like its leading hospitality business and its rural financial services.
And company just registered its highest ever profits despite the worst global
recession since the Great Depression.
This determination influences every aspect of its culture and its employees.
As a result, each Mahindra business constantly pushes the envelope and
raises the bar as it strive to deliver better value to its customers.
38
Alternative Thinking-
Thinking alternatively isnt always easy, but its always worth it.
39
Driving positive change-
Mahindra strive to spread positive impact through its products and services by
greening its manufacturing process and by being a good employer. Mahindra
want to be counted among the global companies that make incredible
products and services, but it also wishes to be recognized for creating a better
world.
From building green homes with the most eco-friendly materials to providing
loans to rural entrepreneurs, from designing goods carriers that run on
compressed natural gas (CNG) to offering educational programs and
supporting Indian theater, Mahindra strive to make a positive impact on all the
lives it touches.
40
Purpose & Values
Its products and services support its customers ambitions to improve their
living standards; its responsible business practices positively engage the
communities it joins through employment, education, and outreach; and its
commitment to sustainable business is bringing green technology and
awareness into the mainstream through its products, services, and light-
footprint manufacturing processes.
41
Good corporate citizenship
Mahindra will continue to seek long-term success in alignment with the needs
of the communities it serves. It will do this without compromising on ethical
business standards.
Professionalism
Mahindra has always sought the best people for the job and given them the
freedom and the opportunity to grow. It will continue to do so. It will support
innovation and well-reasoned risk taking, but will demand performance.
Customer first
Mahindra exist and prosper only because of the customer. It will respond to
the changing needs and expectations of it customers speedily, courteously
and effectively.
Quality focus
Quality is the key to delivering value for money to its customers. It will make
quality a driving value in its work, in its products and in its interactions with
others. It will do it 'First Time Right.'
42
Mahindra Yuvraj 215
43
Mahindra & Mahindra recently launched its 15HP tractor called Yuvraj
215 priced at Rs 185215. Targeting the small and marginal farmer with an
average landholding of two to five acres of land.
ENGINE:
Engine Hp 15HP
No. of cylinder 1 cylinder
Power (Displacement) 863.4 CC
Rated RPM 2300 rpm
Air cleaner wet type
Cooling Water-cooled
Emission BS iii
Transmission:
Hydraulics:
44
Types Live Addc
Hydraulic on standard frame 450 Kg
Pump Type Gear Pump
Power:
Tractor Details:
Electrics:
45
Start Motor pre engorging
Alternate 12 V, 43 AMP-inbuilt railulater
Battery Power 12 v, 50 Ah, 20 Hours on discharge rate
Speed chart:
Gear Speed In Km / Hr
LT 2.04
L2 3.9
L3 5.79
H1 9.05
H2 17.24
H3 25.62
R1 1.95
R2 3.71
R3 5.51
46
Chapter-3
Definition of PROMOTION
COMPONANTS OF PROMOTION
ADVERTISING:
SALES PROMOTION:
PERSONAL SELLING
DIRECT MARKETING:
PUBLIC RELATIONS:
THEORETICAL FRAMEWORK
PROMOTION
47
Promotion is an attempt to influence. More specifically, PROMOTION is the element
in an organizations marketing mix that serves to inform, persuade and remind the
market of a product and/or the organization selling it, in hopes of influencing the
48
COMPONANTS OF PROMOTION
There are five components of promotions: Advertising, Sale promotion, Personal selling,
direct marketing, Public relations. Each has distinct features that determine in what
situation it will be most effective.
1
2
3 1. ADVERTISING:
It is any paid form of non-personal presentation and promotion of ideas, goods, and
services by an identified sponsor. The most familiar forms of advertisements are found
in the broadcast (TV and RADIO) and print (Newspaper and Magazines) media.
However, there are many other advertising alternatives, from direct mail to billboards and
the telephone directory to yellow pages. Advertising is often termed as pull strategy. In
pull strategy the goal is to get consumers to pull the product in the supply chain by
demanding it.
49
TYPES OF ADVERTISEMENT
MEDIUMS OF ADVERTISING
Newspapers
Television
Radio
Magazines
Direct mail
Outdoor advertisings.
1 2. SALES PROMOTION:
50
SALES PROMOTION TOOLS
1 Consumer promotion:
1 Trade promotion:
51
Getting trades co-operation in production.
1
2
3 3. PERSONAL SELLING:
52
There are certain products, which need demonstration or
explanations. Personal selling is most effective in promoting
such products.
Advantages of personal selling:
There is a personal touch and with trained salesman,
the customer can feel important and gives full
attention to the product detailing.
Demonstration of the product features and product
working helps in better product awareness and
acceptance by consumers.
Consumers queries and apprehensions can be
effectively answered.
Followup action and persuasion are possible.
1
2
3 4. DIRECT MARKETING:
53
Email Marketing
Couponing
Direct response television marketing
Direct selling.
54
1 5. PUBLIC RELATIONS:
Public relations are defined as deserving, acquiring and retaining a favorable reputation
in the market place. Public relations function aims at creating maintaining favorable
Public relations are defined as any group that has an actual or potential interest or
impact on companys ability to achieve its objectives. The public relations do not
directly help promoting the product but can make product or policy acceptance by the
public easy by generating a favorable image about the company.
Basic objective of the project is to create awareness about Yuvraj215 & and increase the
penetration of product In Lucknow district.
Tehsil Block
Lucknow Kakori
Lucknow Sarojninagar
Bakshi ka Talab BKT
Bakshi ka Talab Cinhat
Malihabad Malihabad
Malihabad Mal
Mohanlalganj Gosaiganj
Mohanlalganj Mohanlalganj
Tractor users: Tractor using customers can be broadly classified into farmers,
contractors, brick kiln owners, small manufacturers & traders etc
Actions Planned:
Camping
The basic idea to promote the Yuvraj 215 in rural market is camping at cattle market and
weekly Bazaars identified (Ek Mahindra outlets), because this is one of the best &
cheapest way to promote the product. we performed camping at cattle market ,where
people get together to buy bullock for faming . the selection of the location was best to
promote Yuvraj 215 . when people saw the tractor they got attracted by its small size but
it also created a lot of question in their mind.
List of traders
According to the survey of the project I studied that 37 % of the peoples Own
Mahindra Tractors , 24 % of peoples own Eicher ,20 % of peoples own Swaraj , 12
% own Escort & only 7 % of the peoples own others .
According to the survey of the project I studied that the 37 % of the respondents
have 10-15 acres of land, 34 % of the respondent have 5-10 acres of land , 16 % of
the respondent have 0 5 acres of land & 13 % of the respondent have 15acres &
above of land .
According to the survey of the project, I studied that 58% of respondent use tractor
on rent for farming, 18% of respondent use bullock, 17 % of respondent use their
own tractor & 7 % use other conventional method
According to the survey of the project, I studied that 55 % of respondent would like
to buy a new tractor while others were not interested in buying new tractor
According to the survey of the project, I studied that 47 % of the respondents said
that they would like to buy Mahindra tractor, 22 % of respondent would like to buy
Eicher,
14% of respondent would like to buy Swaraj, 12 % of respondent say that they
would buy Escort & 5 % of respondent are interested in buying other.
What are the most important attributes you consider while purchasing
the tractor?
Interpretation:
According to the survey and the data collected 35% of respondent give the
preference to performance while buying tractor, 28 % give preference to fuel
efficiency, 13% consider initial price , 12 % financial facility & 4 % of respondent
give preference to other features.
According to the data, collected most of the respondent says that they know about
Mahindra tractors.
According to the survey of the project, I studied that 86 % of respondent show their
interest in the product.
According to the survey of the project I studied that most of the respondents said
that the promotion is helpful in better product awareness.94% of the respondents
According to the survey and the data collected, it is seen that most of the
respondents think that the promotional activity is profitable/beneficial to them.96 %
of the respondents are agreeing with that and 4% are not thinking so.
According to the survey and the data collected, it is seen that most of the
respondents are not always but sometime purchased during and after the
promotion. Only 17% of the respondents purchase always during or after the
promotion, and 74% sometime purchased and 9% never purchased.
According to the survey and the data collected it is seen that most of the respondent
thinks that, the discounts and advertisements attract them more and required by
company.
42% discounts, Advertisement (paper, TV) 39%, gifts/lucky draws 24%,canopy&
road shows 16% and broacher distribution 7%.
FINDINGS
Through this project, I got the knowledge about tractor industry & major player of
this industry, I also come to know about the rural market of Lucknow , Sales
Before the use of promotional tools, the publics did not know the product
Mahindra Yuvraj-215 but after the use of promotional tools, the products got
The reason for low sales of the products was lack of promotional activities
due to this
Maximum customers first see the Performance, fuel efficiency & affordable
Camping is one of the best & cheapest promotional tool to promote the
CONCLUSION
The sample size of my survey was 100. I have tried my best to get the
maximum out of survey. After analyzing the result of my questionnaire, I
have arrived to the conclusion, which is as follows:
Mahindra & Mahindra has successfully achieved their objective of getting
the potential customers of Yuvraj-215 through promotional activities and
also to boost the sale..
The promotional activity was helpful to know the customers perception
towards Yuvraj-215 by getting information from promotion.
Regular use of promotional tools is necessary for giving more exposure to the
product in the market.
The customers came to know about Mahindra yuvraj-215 & its application
and its benefits through promotional activities which seemed to be the key
factor to achieve the prospective customers.
The company also should try to give live demonstration of Yuvraj-215 for
getting more publicity and positive response.
According to the survey, most of the customer has doubt about the working
of Yuvraj-215 because of its small size
The company should also provide more incentives to sales person to boost up
its sales
Chapter 8
BIBLIOGRAPHY
WEBLIOGRAPHY
1 www.google. com
2 www.mahindra .com
3 www.mahindra tractors.com.
4 www.wikipedia .com.