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Consumer Behavior On Buying 4 Wheeler: Bidhan Chandra Mishra
Consumer Behavior On Buying 4 Wheeler: Bidhan Chandra Mishra
MAHINDRA
Consumer Behavior On
Buying 4 Wheeler
ACKNOWLEDGEMENT
No endeavor is complete without acknowledgement those who
helped me to complete this project & make it a success.
My sincere thanks to Mr. Amitabh Bhattacharya, HOD of BBA
Department of BCET, for giving me the opportunity to do this
project work.
I would like to put on record my deep sense of gratitude
towards our faculty member Mr. MainakSarkar, who has been
my guide for this project and helped me out in the completion
of this project report.
Most respectfully, I pay my sincerest thanks to the
management of the organization who permitted me an
opportunity to undergo for training in their esteemed
organization. I’m especially indebted to the manager of training
department who provided me the necessary I information, full
of knowledge, support & inspiration needed to prepare this
report.
Praise of one does not mean neglect for others, so I thank all
the staff members of the organization who has given me
cooperation and guidance in completion of my project.
BIDHAN CHANDRA MISHRA
Table Of Contents
MAHINDRA CAR HISTORY
Mahindra & Mahindra ltd. was a company set up in 1945
in Ludhiana as Mahindra and Mohammed. Post
partition when Malik Ghulam Muhammad returned to
Pakistan, the company was renamed Mahindra &
Mahindra in 1948. It is an automotive company which
deals in farm equipment , financial services, trade and
logistics, automotive components, after-market, IT and
infrastructure conglomerate.
Mahindra & Mahindra grew from being a market of
army vehicles to a major automobile and truck
manufacture. It has acquired plants in China and the
U.K, and has three assembly plants in the USA. M&M has
partnership with international companies like Renault
SA, France and international Truck and Engine
Corporation, USA.
M&M has a global presence and its product is exported
to several countries. Its global subsidiaries include
Mahindra Europe Srl. Based in Italy, Mahindra UISA Inc.,
Mahindra SCA and Mahindra (china) Truck Co. Ltd.
Mahindra is one of the leading Tractor brands in the
world. It is also the largest manufacturer of Tractors in
India (16) with sustained market leadership of over 25
years. It designs, develops, manufacturers and market
tractors as well as farm implements. Mahindra Tractors
(China) Co. Ltd., Manufacturers tractors for the growing
Chinese market and is a hub for tractor export to the
USA and the other nations. M&M has a 100% subsidiary,
Mahindra USA, which assembles product for the
American market.
Mahindra made its entry into the passenger car
segment with the Logan in April 2007 under Mahindra
Renault join venture. M&M will make its maisden entry
in to the heavy trucks segment with Mahindra Navistar,
the joint venture with International truck USA.
Mahindra’s automotive division makes a wide range of
vehicles including MUVs, LCVs and three wheelers. It
offers 20 models including new generation multi-utility
vehicles like the Scorpio & Bolero.
At 2008 the Delhi Auto show, Mahindra executive said
the company is pursuing an aggressive product
expansion program that would see the launch of several
new platforms and vehicles over next three years,
including an entry-level SUV designed to seat five
passengers and powered by a small turbo diesel
engine.(19) True to their word, M&M launched the
Mahindra Xylo in January 2009, the Xylo sold over
15000 units.
M&M grew from being a maker vehicle to major
automobile and tractor manufacture. M&M was first
known for assembly under license of the iconic wily jeep
in India. The company later branched out into
manufacturing light commercial vehicles.
The company’s flagship UV, Scorpio, hit the Indian
markets and then success of this multi utility vehicle saw
the company wining the consumers heart. M&M made
its entry into the passenger car segment with the Logan
April 2007 under the Mahindra-Renault joint venture.
Its plants in Mumbai and Nasik manufacture multi-
utility vehicles and their engines are produced at the
Igatpuri plant. Utility vehicles, light commercial vehicles
and 3 wheelers are manufactured at Zaheerabad plant
in Andhra Pradesh and three-wheelers at the Haridwar
plant.
The company has an established dealer network which
is estimated to be more than 500. The well established
company is now eyeing the hatchback’s and will bring in
some competition when it launches the Mini Xylo in
India. The company too has plants to go green with
hybrid versions of their car models.
Advanced Technologies Used In Mahindra
Mahindra vehicles come equipped with latest safety
features. The compartment layout of the car ensures
protection for the passengers in case of formal collision.
The vehicle’s central pillar safeguards its occupants from
the impact of a side collision. The sedan features
advanced safety features including
Antilock Braking System (ABS),
Airbags
Remote controlled central locking
Nylon Gripped tyres
Master chip key
Finger print door system
Wise command
GPRS Wi-Fi
Less Pollutant &
Good Mileage
What is J D Power?
• A company named J D Power & Associates started by
James David Power in 1968 in California, USA.
• Started a survey named J D Power Customer Satisfaction
Index in 1981.
• Survey has become a Benchmark to measure Customer
Satisfaction in Automotive Industry across the globe.
What J D Power does in India?
An annual survey in the following areas.
• Sales Satisfaction Index (SSI).
• Customer Satisfaction Index (CSI).
• Initial Quality Scores (IQS).
• Automotive Performance, Execution & Layout (APEAL)
Scores.
• Vehicle Dependability Study – First result in 2008
• JD Power Survey
• JD Power Syndicated Surveys
• Yearly
• M&M conducts Proprietary Surveys through J D Power
• Half Yearly – for JDP Cities
• Yearly for Non JDP cities
Sales Satisfaction Index (SSI)
• The JD Power Sales Satisfaction index (SSI) is a measure of
the consumer’s satisfaction with the entire Sales &
delivery process while purchasing a vehicle.
• The Index measures levels of customer satisfaction with
the pre sales process, the actual sales and the delivery
process.
• All findings, scores and the rankings are based on the
aggregated opinions and assessment of respondents.
• Final index score comes out of individual index score and
weighted out of the total volume sold.
• Has been releasing selected reports in India since 1997
• JD Power reports - influencing the buying behavior of the
customers - be it product quality or dealerships customer
services
SSI Factor Structure
Initiating the Sales experience 12.4%
– 5 Attributes
• Amount of time waited to be greeted at dealer
• Salesperson's explanation of features, advantages, and
benefits of vehicle (including information on competition)
• Salesperson's attention focused on you prior to purchase
decision
• Demonstration of vehicle (static and test drive)
• Thoroughness of follow up on enquiries/ requests prior to
purchase decision
Dealer Facility 11.4%
– 8 Attributes
• Convenience of location
• Wide Selection of display vehicles
• Hours of operation (Convenience of operating hours)
• Neighborhood of dealership
• Comfort of office where transaction completed
• Ease of looking at vehicles
• Availability of product information (Display of product
information e.g. price, product brochures, information on
competitive models etc.)
• Exterior layout of showroom inviting and friendly
Deal 9.4%
– 5 Attributes
• Price paid relative to expectations
• Degree to which you influenced contract terms
• Wide range of payment options (including financing
options)
• Ease of understanding the negotiation (transparency of
deal)
• How quickly you negotiated the deal
Paperwork & Finance Process 10.1%
– 9 Attributes
Purchase Paperwork Process (Sub Factor)
• Ease of completing purchase documents
• How quickly purchase paperwork process completed
• Clear explanation of all purchase documents
• Ability to answer purchase paperwork queries
MILEAGE:
PRICE: 4,94,000-6,96,093
VeRIOTO D6
Mature Consumers
Factors Affecting Consumer Behavior
: social
Factors Affecting Consumer Behavior
: personal
Factors Affecting Consumer Behavior
: Psychological
(2) Data Collection: - The data were collected from primary sources.
The primary data were collected from the customer both
possessing and prospective. Surveying method through personal
or direct interviews with the help of questionnaire-designed
specification for the purpose did this.
(4) Sample Size: The sample was selected on the basis of simple
random sampling. A total 50 customer surveyed where 44 were
processing and 6 were prospective customers.
The total sample size in segmented under the following zone:
Zone:
RudraAutomartPVT. LTD
BakiDanga, N.H2
ASANSOL
Mahindra&MahindraCo.Ltd
(5) Analysis: The data collected from the customer were analysed
using different standard statistical tools and techniques each of
the question were analyzed to find out the purchasing behavior of
different cars with reference to M&M motors.
(6) Scope: The scope of the project is define by the objective of the
study it self. If the study was basically for the fulfillment at its
objectives. This means that scope of this project study is
restricted to consumers buying behaviors of M&M cars among
the other brand in the market.
Scope of this project is also restricted to the area of field
survey in Asansol& Durgapur. The study does not include any
other area like finance personnel product etc.
(7) Limitations: With many points the study of this project suffered
from many limitation also, likewise as the sample is low I cannot
analyze many respondent, as the survey may also suffer from bias
results.
QUESTIONNARIES
Name: ……………………………………………………….
Occupation………………………………………………..
a) Yes
b) No
a) Maruti
b) Tata
c) Mahindra
d) Hyundai
e) Chevrolet
f) Other
a) Culture
b) Social Status
c) Lifestyle
d) Psychological factor
e) Reference Group
a) Price
c) Fuel efficiency
d) Style / looks
f) Durability
g) Brand image
h) Advertising
i) After sales service
a) Yes
b) No
11. Do you want avail any promotional scheme while purchasing the
new car?
(a) Yes
(b) No
13. Are you satisfied with the after sales service of your car ?
(a) Yes
(b) No
Yes 44 88
No 6 12
Possession of cars
No
12%
Yes No
Yes
88%
40
35
30
25
20 No.of respondents
Percentage( %)
15
10
0
Maruti Tata Mahindra Hyundai Chevrolet Others
Awareness Media
120%
100%
100%
82% 80%
Percentage
Media
Inference:- Of the different media, TV Advertisement ranked top in
creating brand awareness among the perceptual mindset of the
customers, which in turn effects the buying behavior of a customer.
Brands Percentage
Hyundai 27.27%
Fiat 0%
Mahindra 40.90%
Chevrolet 4.5%
Toyota 0%
TATA 20.45%
Maruti 4.5%
Skoda 0%
Ford 2.27%
Brands of cars possessed by the respondent
45.00% 40.90%
40.00%
35.00%
30.00% 27.27%
25.00% 20.45%
Percentage
20.00%
15.00%
10.00% 4.50% 4.50%
5.00% 2.27%
0% 0% 0%
0.00%
Brands
Culture
12%
Reference Group
18%
Social Status
Psychological Factors 20%
18%
Life Style
32%
a) Price 6
c) Fuel efficiency 6
d) Style / looks 6
f) Durability 6
g) Brand image 6
h) Advertising 6
No 5 10
Preference
No
10%
Yes
90%
Responses
No
40%
Yes
60%
45
40
35
30
25
No. of respondents
20 Percentage(%)
15
10
0
Xylo Varito Scorpio Bolero Xuv 500
95% 98%
100% 80% 80%
80% Yes
60% No
40% 20% 20%
20% 0% 5% 0% 2% 0%
0%
Technical feature
No 20 40
1 Price discount 6 3 --
2 Exchange offer -- 6 4
3 Free gift 6 4 6
4 Installment facility 7 6 0
5 Interest free -- 2 0
installments
Promotional Scheme
7
6
5
4
3
2
1
0
Price discount Exchange offer Free gift Installment Interest free
facility installments
13. Are you satisfied with the after sales service of your
car ?
No 0 0
Yes
100%
Inference :- From the above graph we can see that
the consumers are highly satisfied with the sales
and services of the company.
13 kmpl 4 8
16kmpl 8 16
18kmpl 20 40
20kmpl 10 20
22kmpl 8 16
No of Respondent
13 kmph
8%
22 kmph
16% 16 kmph
16%
20 kmph
20%
18 kmph
40%
Yes
100%
RECOMMENDATIONS
Based on the findings drawn from the project’s analysis, certain recommendation
need to be made as regards to the future course of action Mahindra India Pvt
Ltd., which can go a long way in improving the Brand Awareness of the Company
in the Motorcars market. The main recommendations are:
As the market for the financial institutions are increasing, the company
should target them through demonstration and advertisement.
Facilities should be providing to the dealers so that they can extend them
to the customers while purchasing this brand.
LIMITATION
The study suffers from many limitations of this report are enumerated as the
following:
Firstly, being the whole project dependent on primary data, the study has gained
vulnerability.
Secondly, the survey was restricted only 50 respondents in whole Asansol and as
such may not be true representative of the entire Asansol.
Thirdly, the major constrain was the time factor, as the study have to be finished
within the stipulated time period.
Fourthly, lack of interest and unenthusiastic response may have allowed biasness
to creep this report.
Finally, lack of conclusions, which have been drawn, are subject to criticism at any
stages of its analysis and presentation. This report may not provide the best
possible market scenario and the efforts can always be made to have this project
report more effective and useful.
BIBLIOGRAPHY