Professional Documents
Culture Documents
2013-15
A STUDY ON
“CONSUMER PERCEPTION AND FUTURE POTENTIAL
FOR TATA’S CAR”
ROLL NUMBER: 22
I, AQUEEB ANSAR NAJE hereby declare that this report titled Consumer
perception and future potential for TATA’S CAR in the partial fulfillment of the
requirement of the award for Master in Management Studies to The College
“S.A.V. Acharya Institute of Management Studies” is my original work and not
submitted for award of any degree or diploma fellowship or for similar title or
prizes.
I further certify that I have no objection and grant the right to S.A.V. Acharya
Institute of Management Studies, to publish any chapter / report if they deem fit in
Journals / Magazines and newspapers etc. without my permission.
Roll No: 22
CERTIFICATE
This is to certify that the dissertation submission in partial fulfillment for the award
of Master of Management Studies of S. A. V. Acharya Institute of Management
Studies is a result of the bonafide research work carried out by AQUEEB ANSAR
NAJE under the supervision and guidance of Prof. Dr.Satyanarayan (Director).
No part of this report has been submitted for award of any other similar titles or
prizes. The work has also not been published in any Journals/Magazines.
______________________ _______________________
(Prof.Dr.Satyanarayan )
Director
ACKNOWLEDGEMENT
I am indebted to my other faculty members who gave time and again reviewed
portions of this report and provide many valuable comments.
Date: Signature
Chapter 1 – Introduction
Objectives
Limitation
Research methodology
BIBLIOGRAPHY
Chapter 1. INTRODUCTION
The automotive industry in India grew at a computed annual growth rate (CAGR)
of 11.5 percent over the past five years, the Economic Survey 2008-09 tabled in
parliament on 2nd July’09 said.
The industry has a strong multiplier effect on the economy due to its deep forward
and backward linkages with several key segments of the economy, a finance
ministry statement said.
The automobile industry, which was plagued by the economic downturn amidst a
credit crisis, managed a growth of 0.7 percent in 2008-09 with passenger car sales
registering 1.31 percent growth while the commercial vehicles segment slumped
21.7 percent.
Indian automobile industry has come a long way to from the era of the
Ambassador car to Maruti 800 to latest TATA nano. The industry is highly
competitive with a number of global and Indian companies present today. It is
projected to be the third largest auto industry by 2030 and just behind to US &
China, according to a report. The industry is estimated to be a US$ 34 billion
industry.
Indian Automobile industry can be divided into three segments i.e. two wheeler,
three wheeler & four wheeler segment. The domestic two-wheeler market is
dominated by Indian as well as foreign players such as Hero Honda, Bajaj Auto,
Honda Motors, TVS Motors, and Suzuki etc. Maruti Udyog and Tata Motors are
the leading passenger car manufacturers in the country. And India is considered as
strategic market by Suzuki, Yamaha, etc. Commercial Vehicle market is catered by
players like Tata Motors, Ashok Leyland, Volvo, Force Motors, Eicher Motors etc.
The major players have not left any stone unturned to be global. Major of the
players have got into the merger activities with their foreign counterparts. Like
Maruti with Suzuki, Hero with Honda, Tata with Fiat, Mahindra with Renault,
Force Motors with Mann.
Key Facts:
• India ranks 12th in the list of the worlds top 15 automakers
• Entry of more international players
• Contributes 5% to the GDP
• Production of four wheelers in India has increased from 9.3 lakh units in 2002-03
to 23 lakh units in 2007-08
• Targeted to be of $ 145 Billion by 2016
• Exports increased from 84,000 units in 2002-03 to 280,000 units in 2007-08
COMPANY PROFILE
The company's 24,000 employees are guided by the vision to be "best in the
manner in which we operate best in the products we deliver and best in our value
system and ethics."
Established in 1945, Tata Motors' presence indeed cuts across the length and
breadth of India. Over 4 million Tata vehicles ply on Indian roads, since the first
rolled out in 1954. The company's manufacturing base in India is spread across
Jamshedpur (Jharkhand), Pune (Maharashtra), Lucknow (Uttar Pradesh),
Pantnagar (Uttarakhand) and Dharwad (Karnataka). Following a strategic alliance
with Fiat in 2005, it has set up an industrial joint venture with Fiat Group
Automobiles at Ranjangaon (Maharashtra) to produce both Fiat and Tata cars and
Fiat powertrains. The company is establishing a new plant at Sanand (Gujarat).
The company's dealership, sales, services and spare parts network comprises over
3500 touch points; Tata Motors also distributes and markets Fiat branded cars in
India.
Tata Motors, the first company from India's engineering sector to be listed in the
New York Stock Exchange (September 2004), has also emerged as an
international automobile company. Through subsidiaries and associate
companies, Tata Motors has operations in the UK, South Korea, Thailand and
Spain. Among them is Jaguar Land Rover, a business comprising the two iconic
British brands that was acquired in 2008. In 2004, it acquired the Daewoo
Commercial Vehicles Company, South Korea's second largest truck maker. The
rechristened Tata Daewoo Commercial Vehicles Company has launched several
new products in the Korean market, while also exporting these products to several
international markets. Today two-thirds of heavy commercial vehicle exports out
of South Korea are from Tata Daewoo. In 2005, Tata Motors acquired a 21%
stake in Hispano Carrocera, a reputed Spanish bus and coach manufacturer, and
subsequently the remaining stake in 2009. Hispano's presence is being expanded
in other markets. In 2006, Tata Motors formed a joint venture with the Brazil-
based Marcopolo, a global leader in body-building for buses and coaches to
manufacture fully-built buses and coaches for India and select international
markets. In 2006, Tata Motors entered into joint venture with Thonburi
Automotive Assembly Plant Company of Thailand to manufacture and market the
company's pickup vehicles in Thailand. The new plant of Tata Motors (Thailand)
has begun production of the Xenon pickup truck, with the Xenon having been
launched in Thailand in 2008.
In January 2008, Tata Motors unveiled its People's Car, the Tata Nano, which
India and the world have been looking forward to. The Tata Nano has been
subsequently launched, as planned, in India in March 2009. A development,
which signifies a first for the global automobile industry, the Nano brings the
comfort and safety of a car within the reach of thousands of families. The
standard version has been priced at Rs.100, 000 (excluding VAT and
transportation cost).
In May 2009, Tata Motors introduced ushered in a new era in the Indian
automobile industry, in keeping with its pioneering tradition, by unveiling its new
range of world standard trucks called Prima. In their power, speed, carrying
capacity, operating economy and trims, they will introduce new benchmarks in
India and match the best in the world in performance at a lower life-cycle cost.
In 1991 during the year the company entered into a collaborative agreement with
an internationally renowned engine research and development organization to
jointly develop higher horsepower, fuel efficient diesel and petrol engines to meet
the future requirements of the company. The last quarter saw the company
launching two new passenger vehicles, the SIERRA and the ESTATE totally
designed and manufactured in India. The company acquired a BIFR company, M/s
Noduron Founders Maharashtra Ltd. The total cost for Telco worked out to Rs.18
crores as against setting up of similar critical castings foundry. During the year
company launched new earth moving equipment TWK-3036 Tata Front End
Wheel Loader. Two new models in the EX series of hydraulic excavators were
launched. A 10 tonne pick and carry articulated crane, designed and developed in-
house was also introduced. During the year company entered into an agreement
with Nachi-Fujikoshi Corporation, Japan to manufacture arc and spot welding
robots suitable for automobile manufacturing applications. During the year,
company undertook to set up a joint venture with Asian Glass Co. Ltd., Japan to
manufacture float glass to be used as wind shields for automobiles. ACC along
with Tata Exports Ltd. participated in the joint venture. The joint venture named as
Floathlass India Ltd., the Company would have a stake of 16.33%. Tata Cummins
Ltd., Mercedes-Benz (India) Ltd., Tata Holset Ltd., Tata Precision Industries,
Singapore and Nita Company Ltd., are the joint Ventures of the
Company
During the year 1995 a new double pick-up and Army Version of various Telco
Vehicles were developed. A new petro engine and turbo diesel engine, an up-
graded 709 LCV, new sports utility vehicle Safari expected to be launched shortly.
A 25 tonne 6 X 2 truck and a bus with cummins engine were launched.
Tata Engineering and Locomotive Company (TELCO), has acquired a second hand
paint shop, machine line and cylinders from the Australian unit of the Japanese
auto giant, Nissan. TELCO is believed to have picked up the unit for Rs. 70 crore.
The total cost of import duty would be Rs 100 crore. During the year a machine
tool division was expanded so as to double its machine building capacity and
significantly reduce production times.
The Company has launched "TATA SAFARI" in its Multi utility vehicle segment.
Tata Holset's turbo charger plant inaugurated on November 25, 1996.
In 1997, the Tata Engineering and Locomotive Company Ltd. (TELCO) have
emerged as numerous uno in the Review 200 survey conducted by the Far Eastern
Economic Review in association with Citi Bank. The Company introduced a 9-
tonne vehicle which was well received in the market. A 40 tonne tractor trailer
powered by a Tata Cummins Engineering was introduced. The Company
developed a low floor bus chassis to meet the specific needs of urban transport.
The Company signed a new agreement with Hitachi for manufacture of upgraded
versions of existing range of excavators.
The year 1998- Tata Engineering and Locomotive Company Ltd (Telco)
announced a tie-up with Tata Finance Ltd and ANZ Grindlays Banks as the official
financiers for its small car "Indica" to be launched in December. Tata Engineering
Locomotive Company Ltd (Telco) sold its construction equipment business into a
new subsidiary company, Telco Construction Equipment Company Ltd. The
Company in its small car segment has launched "Tata Indica" which evoked an
overwhelming response in the Indian market. A new range of cummins engine
powered vehicle which include a 35 tonne and a 40 tonne articulated truck and two
variants of buses.
The year 1999-Telco became the first Indian manufacturer to offer commercial
vehicles meeting euro-I emission norms, a year before they are due to be
introduced in the country. It is proposed to make TCECL a one-stop shop for
construction equipment and earthmoving machinery. In Oct 1999, the Company
won the National award for R&D Efforts in Development of Indigenous
Technology in the Mechanical Engineering Industries Sector instituted by
Department of Scientific and Industrial Research, Ministry of Science and
Technology for the year 1999. SKF Bearings India Ltd has signed an agreement
with Telco to supply hub bearings for its latest model
Tata Indica.
2000 saw the Company working towards introducing two new petrol-driven
variants of its small car Indica, powered by a multi-point fuel injection engine. The
Company launched the Indica 2000, the Euro II Complaint, 75 BHP multi-point
fuel injection (MPFI) version of Indica. The Company has won the National
Technology Award for indigenous development and commercialization of the Tata
Indica car. The Company has launched its new hi-tech Indica 2000 car with MPFI
petro engine in Guwahati.
In year 2002 Foreign Institutional Investors (FII) hike stake in the company to
13.34% launches six new products in light, medium and heavy vehicles segments
on Jan 15 during Auto Expo. Announces financial restructuring. Displays its Tata
Sedan car at the Geneva Motor Show. Indica adjudged top selling B-segment car in
2002.Launches two new motorsport cars (The Zero and Double Zero Pace cars).
High Court Approves Tata Engineering's Financial Restructuring. Tata Engg,
BPCL tie up to market co-branded lubricants.Tata Steel's investment in Tata
Engineering has been hiked to Rs 117.98 crore over the last year. Telco names
Sedan as Tata Indigo.Unveils 'EX' series of medium and heavy commercial
vehicles. Indica sales cross two-lakh mark .Collaborates with Nippon-Arcelor for
technical knowhow on CR steel. Receives Teri's (The Energy and Resources
Institute) CoRE-BCSD (Corporate roundtable on development of strategies for
sustainable development and environment-business council for sustainable
development) corporate social responsibility (CSR) awards for '01-02. Unleashes
Safari's petrol version; priced at Rs 9.35 lakh.
The year 2003- Tata Unveils CityRover .Tata Motors Ltd signed a binding
Memorandum of Understanding (MoU) with Deawoo Commercial Vehicle
Company Ltd (DWCV), Korea for the acquisition of this company. It introduces
Tata SFC 407 EX Turbo Light Commercial Vehicle (LCV). The Company
changed from 'TELCO ' to 'TATAMOTORS' w.e.f December 24, 2003. In the
same year Tata Safari ranks No 1 in MUV/SUV segment.
2004:- The year of glory. Tata Motors launch an upgraded version Indica on
January 15, 2004, in a bid to shore up sales of the small car.
Auto Expo: Tata unveils new version of Indica. Tata Motors unveils Indica V2.
Tata Motors launches new Indica V2 in Kerala. Tata Motors introduces new
'Indicab' for tour operators. The much hyped Rs one lakh passenger car project of
Tata Motors was going ahead as planned. Tata Motors enters agreement with
Ukraine bus building firm. Tata Motors enters into agreement with Etalon. In a
move to consolidate its presence in the light commercial vehicles segment, Tata
Motors has launched a new variant of its 407 series with increased pay load
capacity called SFC 407EX. Tata Motors buys Daewoo truck unit for Rs 465 crore.
Tata Motors unveils Tata SFC 407 EX. Tata Motors inks agreement with Austrian,
French companies. Acquires Daewoo Commercial Vehicle Company Ltd
(DWCV), Korea. Tata Motors launches most anticipated new 6-tn truck in India.
Tata Motors, the country's largest commercial vehicles manufacturer unveiled the
new LPT 909EX Turbo Truck in Tamil Nadu. Tata Motors and Tata Africa
unveiled a range of passenger cars, utility vehicles, pick-ups, trucks and buses for
the South African market. Tata Motors has launched a face lifted version of its
multiutility vehicle, Tata Sumo. Tata motors rolls out Tata SFC 407EX BS II turbo
light commercial vehicle.
Tata Motors unveils Tata Safari DICOR in Kerala market on August 11, 2005.
Tata Motors rolls out 2 luxury variants of Indigo. Tata Motors unveiled new Indica
V2 Turbo with a price tag of Rs 4.10 lakh for DLG variant and Rs 4.31 lakh for
DLX. Tata Motors ropes in CVTech to make parts for its small car. Tata Daewoo
inks pact with Pakistan co.
Tata Motors has been presented the Golden Peacock Global Award for Corporate
Social Responsibility (CSR) in the Large Business category by the Institute of
Directors in 2007. Tata Motors buys Nissan facility in S. Africa. Tata Motors has
got a prestigious order from the Delhi Transport Corporation (DTC) for 500 non-
AC, CNG-propelled buses. Tata Motors Ltd has appointed Mr. P M Telang as
Executive Director (Commercial Vehicles).
Tata Indigo SW
Tata Sierra
Tata Estate
Tata Indica
Tata Indigo
Tata Winger
Tata Nano
Tata Xenon XT
Tata Cliffrider
Tata Ace
Tata 709 Ex
Tata 407 Troop Carrier, available in hard top, soft top, 4x4, and 4x2
versions
INDICA (XTRA
PETROL )
INDICA DIESEL
INDIGO DIESEL
INDIGO PETROL
MARINA DIESEL
VS 500077 15158 17715 2800 380 0
0
LS 530316 16260 18690 2800 380 571866
0
LX 569164 17247 19875 2800 380 612886
0
LX DICOR 611409 18476 21350 2800 380 657835
0
MARINA PETROL
INDICA VISTA
(DIESAL)
INDICA VISTA
(PETROL)
MANZA PETROL
MANZA DIESAL
The Tata Motors Group global sales, comprising of Tata, Tata Daewoo and
Hispano Carrocera range of commercial vehicles, Tata passenger vehicles along
with distributed brands in India, and Jaguar and Land Rover, were 101,712 nos. in
March 2010, a growth of 39% over March 2009. Cumulative sales for the fiscal
(April 2009 – March 2010) are 872,951 higher by 19% compared to the
corresponding period in 2008-09.
Sales of all commercial vehicles were 47,936 nos. in March 2010, a growth of
53%. Cumulative sales for the fiscal are 413,057 nos., a growth of 37%. Sales of
all passenger vehicles were 53,776 nos. in March 2010, a growth of 28%.
Cumulative sales for the fiscal are 459,894 nos., a growth of 6%. Tata passenger
vehicle sales, including those distributed, were 30,238 nos. for the month, a growth
of 18%. Cumulative sales for the fiscal are 265,912 nos., a growth of 24%.
Jaguar Land Rover global sales in March 2010 were 23,538 vehicles, higher by
43%. Jaguar sales for the month were 4,642, higher by 8%, while Land Rover sales
were 18,896, higher by 55%. Cumulative sales of Jaguar Land Rover for the fiscal
are 193,982 nos., lower by 11%. Cumulative sales of Jaguar are 47,418 nos., lower
by 24%, while cumulative sales of Land Rover are 146,564 nos., lower by 6%.
SWOT analysis of the Organization
STRENGTH:
The current financial situation of its recently acquired firms like “Corus” and
“Land Rover-Jaguar” is very big headache for the company and it should be
back to the track in the near future.
The high ratio of debt equity ratio is also weakness of the company.
The small car segment is still not good for the company due to “maruti-
suzuki” so, it need to tap this section also.
The CV segment is becoming highly competitive by new player like
Volvo,and rival M &M are coming with new products to cater the TATA in
the market as the rural area has given thumps up to M&M during this year.
The company's passenger car products are based upon 3rd and 4th
generation platforms, which put Tata Motors Limited at a disadvantage with
competing car manufacturers.
Despite buying the Jaguar and Land Rover brands (see opportunities below);
Tat has not got a foothold in the luxury car segment in its domestic, Indian
market. Is the brand associated with commercial vehicles and low-cost
passenger cars to the extent that it has isolated itself from lucrative segments
in a more aspiring India?
OPPORTUNITIES:
Porter's five forces analysis is a framework for the industry analysis and business
strategy .It uses concepts developed in Industrial Organization economics to derive
five forces, which determine the competitive intensity and therefore attractiveness
of a market.
MANAGERIAL USEFULLNESS
The marketing department can use this study to enhance their marketing
strategies for better sales. This report helps the marketing department in taking
decisions to what change in distribution channels and what should be done so
that marketing problem could be sorted out and how to sell their range of
product in the competitive market.
1. From the research analysis we can find that, what’s a person first look in a
dream car.
2. The study can be used to know the perception of consumer about Tata
Motors.
3. The present study can be extended to access the present marketing condition
of Indian automobile sector.
4. The study can be used to design a proper product, price, place and
promotional strategy for the market.
5. From the present study we can know the market share of different products
and accordingly formulated strategy to enhance it.
This study can be applied to find out an effective distribution channel to enhance
the sale of various products of Tata motors
RESEARCH METHODOLOGY
RESEARCH DESIGN:
Research Design is the arrangement for conditioned for data collection & analysis
of data in a manner that aims to combined relevance to research purpose with
economy in procedure.
MARKETING
What is marketing?
There are many different definitions of marketing. Consider some of the following
alternative definitions:
“The all-embracing function that links the business with customer needs and
wants in order to get the right product to the right place at the right time”
Which definition is right? In short, they all are. They all try to embody the essence
of marketing:
Figure 1.2
Marketing Concept and Orientation
Businesses do not undertake marketing activities alone. They face threats from
competitors, and changes in the political, economic, social and technological
environment. All these factors have to be taken into account as a business tries to
match its capabilities with the needs and wants of its target customers.
An organisation that adopts the marketing concept accepts the needs of potential
customers as the basis for its operations. Success is dependent on satisfying
customer needs.
People have basic needs for food, shelter, affection, esteem and self-development.
Many of these needs are created from human biology and the nature of social
relationships. Customer needs are, therefore, very broad. Whilst customer needs
are broad, customer wants are usually quite narrow. A want is a desire for a
specific product or service to satisfy the underlying need.
Consider this example:
Consumer wants are shaped by social and cultural forces, the media and marketing
activities of businesses. This leads onto another important concept - that of
customer demands. Consumer demand is a want for a specific product supported
by an ability and willingness to pay for it.
For example, many consumers around the globe want a Mercedes. But relatively
few are able and willing to buy one.
Businesses therefore have not only to make products that consumers want, but they
also have to make them affordable to a sufficient number to create profitable
demand. Businesses do not create customer needs or the social status in which
customer needs are influenced. It is not McDonalds that make people hungry.
However, businesses do try to influence demand by designing products and
services that are
• Attractive
• Work well
• Are affordable
• Are available
Businesses also try to communicate the relevant features of their products through
advertising and other marketing promotion.
MARKETING MIX
The marketing mix is generally accepted as the use and specification of the four Ps
describing the strategic position of a product in the marketplace. One version of the
origins of the marketing mix starts in 1948 when James Culliton said that a
marketing decision should be a result of something similar to a recipe. This version
continued in 1953 when Neil Borden, in his American Marketing Association
presidential address, took the recipe idea one step further and coined the term
'Marketing-Mix'. A prominent marketer, E. Jerome McCarthy, proposed a 4 P
classification in 1960, which would see wide popularity. The four Ps concepts are
explained in most marketing textbooks and classes.
DEFINITION
Although some marketers[who?] have added other Ps, such as personnel and
packaging, the fundamentals of marketing typically identifies the four Ps of the
marketing mix as referring to:
Product -An object or a service that is mass produced or manufactured on a large
scale with a specific volume of units. A typical example of a mass produced
service is the hotel industry. A less obvious but ubiquitous mass produced service
is a computer operating system. Typical examples of a mass produced objects are
the motor car and the disposable razor.
Price – The price is the amount a customer pays for the product. It is determined by
a number of factors including market share, competition, material costs, product
identity and the customer's perceived value of the product. The business may
increase or decrease the price of product if other stores have the same product.
Place – Place represents the location where a product can be purchased. It is often
referred to as the distribution channel. It can include any physical store as well as
virtual stores on the Internet.
Promotion – Promotion represents all of the communications that a marketer may
use in the marketplace. Promotion has four distinct elements - advertising, public
relations, word of mouth and point of sale. A certain amount of crossover occurs
when promotion uses the four principal elements together, which is common in
film promotion. Advertising covers any communication that is paid for, from
television and cinema commercials, radio and Internet adverts through print media
and billboards. One of the most notable means of promotion today is the
Promotional Product, as in useful items distributed to targeted audiences with no
obligation attached. This category has grown each year for the past decade while
most other forms have suffered. It is the only form of advertising that targets all
five senses and has the recipient thanking the giver. Public relations are where the
communication is not directly paid for and includes press releases, sponsorship
deals, exhibitions, conferences, seminars or trade fairs and events. Word of mouth
is any apparently informal communication about the product by ordinary
individuals, satisfied customers or people specifically engaged to create word of
mouth momentum. Sales staff often plays an important role in word of mouth and
Public Relations (see Product above).
Broadly defined, optimizing the marketing mix is the primary responsibility of
marketing. By offering the product with the right combination of the four Ps
marketers can improve their results and marketing effectiveness. Making small
changes in the marketing mix is typically considered to be a tactical change.
Making large changes in any of the four Ps can be considered strategic. For
example, a large change in the price, say from $19.00 to $39.00 would be
considered a strategic change in the position of the product. However a change of
$131 to $130.99 would be considered a tactical change, potentially related to a
promotional offer.
CRITICISMS
Peter Doyle claims that the marketing mix approach leads to unprofitable decisions
because it is not grounded in financial objectives such as increasing shareholder
value. According to Doyle it has never been clear what criteria to use in
determining an optimum marketing mix. Objectives such as providing solutions for
customers at low cost have not generated adequate profit margins. Doyle claims
that developing marketing based objectives while ignoring profitability has
resulted in the dot-com crash and the Japanese economic collapse. He also claims
that pursuing a ROI approach while ignoring marketing objectives is just as
problematic. He argues that a net present value approach maximizing shareholder
value provides a "rational framework" for managing the marketing mix.
Some people claim the four Ps are too strongly oriented towards consumer markets
and do not offer an appropriate model for industrial product marketing. Others
claim it has too strong of a product market perspective and is not appropriate for
the marketing of services.
An expanded system based on Seven Ps stresses the importance of Place, Product,
Price, Promotion, People, Process, and Physical evidence
DEFINING CONSUMER BEHAVIOR
How many times throughout the day do people make product decisions? If you
stop to think about it, many product decisions are made every day, some without
much thought. What should I wear? What should I eat? What am I going to do
today? Many product decisions are answered routinely every day and they help
move the economy of cities, countries and ultimately the world. Product decisions
also shape life for the consumer. How can simple decisions be so important? Why
do marketers spend millions of dollars to uncover the reasons behind these
decisions?
To define consumer behavior: it is the study of consumers and the processes they
use to choose, use (consume), and dispose of products and services. A more in
depth definition will also include how that process impacts the world. Consumer
behavior incorporates ideas from several sciences including psychology, biology,
chemistry and economics.
MARKET RESEARCH
Market research is for discovering what people want, need, or believe. It can also
involve discovering how they act. Once that research is complete it can be used to
determine how to market your specific product. MR-Anywhere is a very good
platform for market research and analysis
For starting up a business there are a few things that are important:
Market information
Market information is making known the prices of the different commodities in the
market, the supply and the demand. Information about the markets can be obtained
in several different varieties and formats.
Examples of market information questions are:
Who are the customers?
Where are they located and how can they be contacted?
What quantity and quality do they want?
When is the best time to sell?
Market segmentation
Market segmentation is the division of the market or population into subgroups
with similar motivations. Widely used bases for segmenting include geographic
differences, personality differences, demographic differences, use of product
differences, and psychographic differences.
Market trends
The upward or downward movements of a market, during a period of time. The
market size is more difficult to estimate if you are starting with something
completely new. In this case, you will have to derive the figures from the number
of potential customers or customer segments. [Ilar 1998]
But besides information about the target market you also need information about
your competitor, your customers, products etc. A few techniques are:
Customer analysis
Choice Modelling
Competitor analysis
Risk analysis
Product research
Advertising research
CHAPTER 4 DATA ANALYSIS
77%
Fig 4.1
INFERENCE:
77% of the Respondents were strongly agree with knowledgeable
salesperson
18% of the Respondents were agreeing at the same time.
5% of the respondent were disagree with this questionnaire
Q.2 Employees spent enough time with you before sales and during sales
Disagree
Strongly disagree
Chart Title 4%
Neither agree
0%
nor disagree
5%
Agree
Strongly agree
36%
55%
fig. 4.2
INFERENCE:
55% of the respondent were strongly agree and says that employ spend
enough time before sales.
36% of respondent were agree with this questionnaire.
5% of respondent were neither agree nor disagree.
4% of respondent were disagree they said that employ not spend enough
time during sales or before sales.
Q.3 Availability of the product in showroom (Pareena motors)
50%
36%
Fig 4.3
INFERENCE:
50% of the respondent were strongly agree and says that products are
available in showroom (Pareena motors ltd.).
36% of respondent were agree with availability of product in showroom
(Pareena motors ltd.).
14% of respondent were neither agree nor disagree.
Q.4 Attractive discounts offered
Neither agree
Chart Title nor disagree
Strongly Disagree 4%
disagree 0%
0%
Agree
Strongly agree 41%
55%
Fig 4.4
INFERENCE:
Neither agree
Strongly nor disagree
agree 18%
41%
Agree
32%
Fig 4.5
INFERENCE:
41% of the respondents were strongly agreed with test drive offered.
32% of respondent were agree with test drive offered.
18% of respondent were neither agree nor disagree.
9%of respondent said that they do not offer test drive.
Q.6 responds to complaints quickly
Strongly Strongly
agree Chart Title disagree
5% 0%
Disagree
18%
Agree
41%
Neither
agree nor
disagree
36%
Fig 4.6
INFERENCE:
Neither
agree nor
disagree
45%
Fig 4.4
INFERENCE:
Strongly Disagree
disagree 5%
0%
Agree
36%
Fig 4.4
INFERENCE:
32% of the respondent were strongly agree with good service provided by
pareena motors.
36% of respondent were agree with good service provided by pareena
motors. .
27% of respondent were neither agree nor disagree.
5%of respondent are disagree with service provided by pareena motors.
Consumer perception about Tata’s car
Strongly
Chart Title
Disagree
disagree 0%
0% Neither agree
nor disagree
Strongly agree 34%
34%
Agree
32%
34% consumer strongly agree with the reasonable price of tata car
32% consumer agree with the reasonable price of tata car
34% consumer neither agree nor disagree with tata car price
0% consumer disagree with the reasonable price of tata car
Fuel mileage of the Tata car is good.
Strongly
disagree
Chart Title Disagree
0% 0% Neither agree
nor disagree
28%
Strongly agree
31%
Agree
41%
31% consumer strongly agree with Fuel mileage of the Tata car is good
41% consumer agree with Fuel mileage of the Tata car is good
28% consumer neither agree nor disagree with Fuel mileage of the Tata car
is good
0% consumer disagree with Fuel mileage of the Tata car is good
Tata car is easy to maintain.
Agree
35%
Agree
38%
29% consumer strongly agree The seats of tata car are very
comfortable
38% consumer agree The seats of tata car are very comfortable
33% consumer neither agree nor disagree The seats of tata car are
very comfortable
My friends and relatives drive the same car.
Disagree
Strongly Chart Title 1%
disagree
0%
Neither agree
nor disagree
Strongly agree 32%
33%
Agree
34%
33% consumer strongly agree their friends and relatives drive the
same car
34% consumer agree their friends and relatives drive the same car
32% consumer neither agree nor disagree their friends and relatives
drive the same car
1% consumer disagree their friends and relatives drive the same car
Driving the TATA car compliments my life style.
Agree
34%
29% consumer strongly agree with that Driving the TATA car
compliments my life style
34% consumer agree with that Driving the TATA car compliments my
life style
37% consumer neither agree nor disagree with that Driving the TATA
car compliments my life style
0% consumer strongly disagree with that Driving the TATA car
compliments my life style
I feel good whenever I see the ad for my Tata car on TV, Magazine and
Hoarding.
Strongly
disagree
Chart Title
Disagree
0% 0% Neither agree
nor disagree
32%
Strongly agree
33%
Agree
35%
33% consumer strongly agree with that they feel good whenever they see
the ad for their Tata car on TV, Magazine and Hoarding
35% consumer agree with that they feel good whenever they see the ad for
their Tata car on TV, Magazine and Hoarding
32% consumer neither agree nor disagree with that they feel good
whenever they see the ad for their Tata car on TV, Magazine and Hoarding
0% consumer disagree with that they feel good whenever they see the ad
for their Tata car on TV, Magazine and Hoarding
Agree
33%
37% strongly agree with Air bag system in Tata cars gives the better
safety
33% agree with Air bag system in Tata cars gives the better safety
30% neither agree nor disagree with Air bag system in Tata cars gives
the better safety
0% disagree with Air bag system in Tata cars gives the better safety
Quadra jet engine of Tata cars gives an extra edge over the other cars.
Strongly
disagree
Chart Title Disagree
0%
0% Neither agree
nor disagree
27%
Strongly agree
33%
Agree
40%
33% consumer strongly agree with Quadra jet engine of Tata cars gives an
extra edge over the other cars
40% consumer agree with Quadra jet engine of Tata cars gives an extra
edge over the other cars
27% consumer neither agree nor disagree with Quadra jet engine of Tata
cars gives an extra edge over the other cars
0% consumer disagree with Quadra jet engine of Tata cars gives an extra
edge over the other cars
Agree
37%
31% consumer strongly agree with Tata car gives comfortable rides
37% consumer agree with Tata car gives comfortable rides
31% consumer neither agree nor disagree with Tata car gives
comfortable rides
1% consumer disagree with Tata car gives comfortable rides
Tata’s car price Range is affordable.
Strongly
Chart Title Disagree
disagree 0%
0% Neither agree
nor disagree
Strongly agree 35%
27%
Agree
38%
27% consumer strongly agree with Tata’s car price Range is affordable
38% consumer agree with Tata’s car price Range is affordable
35% consumer neither agree nor disagree with Tata’s car price Range is
affordable
0% consumer disagree with Tata’s car price Range is affordable
Tata has wide range of models.
Agree
42%
Disagree
Strongly Chart Title 0%
disagree
0% Neither agree
nor disagree
32%
Strongly agree
31%
Agree
37%
Strongly
Chart Title Disagree
disagree 1%
0%
Neither agree
nor disagree
Strongly agree 34%
32%
Agree
33%
32% consumer strongly agree Power steering in TATA car attracts the
people to buy
33% consumer agree Power steering in TATA car attracts the people
to buy
34% consumer neither agree nor disagree Power steering in TATA car
attracts the people to buy
1% consumer disagree Power steering in TATA car attracts the people
to buy
Agree
41%
25% consumer strongly agree with Tata car is available in wide range
of colors
41% consumer agree with Tata car is available in wide range of colors
33% consumer neither agree nor disagree with Tata car is available in
wide range of colors
1% consumer disagree with Tata car is available in wide range of
colors
Strongly
agree Chart Title Strongly
3% disagree
0%
Agree Disagree
33% 39%
Neither agree
nor disagree
25%
.
Strongly agree
2%
Chart Title
Strongly
disagree
1%
Disagree
Agree 26%
35%
Neither agree
nor disagree
36%
Agree Disagree
32% 29%
Neither agree
nor disagree
39%
FINDINGS
Tata Motors is number three in passenger car market after maruti-suzuki &
hyundai.
Pareena motors LTD have well knowledgeable sales persona and the spend
enough time with customer.
All model and colors of Tata’s car is available in showroom.
Pareena motors ltd always offer test drive to every customer and discount
offer.
But pareena motors LTD are not providing better service after sales.
According to sample tata motors are providing better safety than other car’s
manufacture.
Majority of sample think that price of Tata’s car parts are not available
everywhere, and it is costly than other car parts
Fuel mileage of Tata car is good, but not better.
Out of the samples, people are highly convinced that TATA MOTORS will
yield them better results
Customers were educated by me, about fuel efficient cars by Tata Motors.
Making the decision to capture the rural market. by introducing tata nano is
giving better result.
Though I am young enough and not that experienced but I have tried
my best to come out with suggestion which may be helpful for Pareena motors Pvt.
Ltd.
Service (after sale) is not good, most of the customer are saying, so
company should improve the service facility. And company should fulfill the
commitments
Pareena motors should takes less time as much as possible to fulfill the
commitments. to make a good picture in consumer ‘s mind.
Price of part’s should be reasonable. And available every where.
To increase its visibility so that different segments of the customer will
notice the products of Tata motors in varied ways.
ANNEXURE
Questionnaire:-
Name
Mobile Age
Location
Dear respondents,
1 2 3 4 5
1 2 3 4 5
1 2 3 4 5
1 2 3 4 5
1 2 3 4 5
1 2 3 4 5
8. I feel proud whenever I see the ad for my Tata car on TV, Magazine, and
Hoarding.
1 2 3 4 5
9. A new feature of Tata cars like ABS (antilock breaking system) motivates the
customer to buy.
1 2 3 4 5
1 2 3 4 5
11.Quadra jet engine of Tata cars gives an extra edge over the other cars.
1 2 3 4 5
1 2 3 4 5
1 2 3 4 5
1 2 3 4 5
1 2 3 4 5
16.Power steering in Tata car attracts the people to buy.
1 2 3 4 5
1 2 3 4 5
1 2 3 4 5
1 2 3 4 5
Name:- …………………………………………………………………………………………………………
Age ………………
Mobile no. ………………………………………………………..
Place …………………….
How do you rate Tata`s showrooms (Pareena motors) with respect to the
following?
(2)Employees spent enough time with you before sales and during sales .
1 2 3 4 5
(3) Availability of the product in showrooms
1 2 3 4 5
1 2 3 4 5
1 2 3 4 5
1 2 3 4 5
1 2 3 4 5
BIBLIOGRAPHY
BOOKS
1) Marketing Management Philip Kotler & Kevin Lane
Keller
INTERNET
• www.tata.com
• www.tatamotors.com
• http://en.wikipedia.org/wiki/Tata_motors
• http://en.wikipedia.org/wiki/Tata_group
• http://en.wikipedia.org/wiki/Indian_automobile_industry
• http://www.carwale.com/research/cars/tata
• http://www.tatamotors.com/our_world/press_releases.php?ID=458&actio
n=Pull
• http://www.tatamotors.com/our_world/press_releases.php?ID=500&actio
n=Pull
• www.scribd.com
• www.thehindubusinessline.com