Professional Documents
Culture Documents
Project
Project
On
“A STUDY OF CUSTOMER SATISFACTION LEVEL
TOWARDS ROYAL ENFIELD, DHEMAJI”
Submitted to
Session 2017-2020
Dispur College
Guwahati
DECLARATION
Date:
CERTIFICATE
There are several forces at work in every sector and every industry
ofan economy. The dynamic nature of every industry keeps the pulses
of the companies operating in each sector racing. Our strategic
analysis report is focussed on marketing and sales of Royal Enfield as
acompany. It also delves at all those forces at work that
couldpotentially change the fortunes of a company.
This report outlines the study conducted for investigating the lean
areas for Royal Enfield from a marketing and sales perspective. Also
analyseshave been mentioned at appropriate places in support of the
same. Toconclude, it provides a broad map of various strategies to
boost RoyalEnfield sales.
TABLE OF CONTENETS
1 INTRODUCTION 1- 15
8 CONCLUSION 54-55
9 LIMITATIONS 56-57
10 SUGGESTION 58-59
11 ANNEXURE 60-63
12 BIBLIOGRAPHY 64-67
INTRODUCTION
1
INTRODUCTION
This market survey report is based on the survey, which has been
done in the Dhemaji city. The main objective of the survey is to study
the customer satisfaction towards Royal Enfield. The data used for the
make this market survey report. The data have been tabulated and
market survey report. I believe that this market survey report will help
Royal Enfield one of the popular brand and highest selling bike in
India and outside India (USA, Europe, Australia etc). Royal Enfield
motorcycles had been sold in India from 1949. In 1955, the Indian
2
government looked for a suitable motorcycle for its police and army,
for use patrolling the country's border. As far as the motorcycle brand
has evolved.
contended is generally much easier, takes less time and involves less
expense. The reason for this is that it takes more time to find new
only when it has strong customer care towards product and services
3
automobile industry has grown by leaps and bounds since the advent
done away with. The result of which was the entry of foreign players
into the Indian market. The two wheeler segment was largely
50s. Later on towards the end of the 50s Bajaj Autos began importing
scooters with API and later Bajaj dominating the market. There were
concerned and Enfield bullet and Rajdoot dominated the market. The
80s saw the entry of Japanese companies in the Indian market with
TVS Suzuki are companies formed in this era of market reform. The
market was still predominantly scooter dominated and Bajaj and LML
4
The Japanese companies not only collaborated with Indian companies
could not buy a car. Theflourishing middle class took a great liking
for these bikes and the bike sales in Indiabegan to grow exponentially
year on year leading to Hero Honda becoming the leader inthe two
the world.The post 90s era was the era of liberalization and
was abolished. 100% FDI was allowed in the automobile industry and
12% on two wheelers.All these factors combined with the rising fuel
5
industry in India forms a major chunk of the automobiles produced
statistics for the year 2009 – 2010, two – wheelers comprise 76.49%
share of two wheelers is quite similar to the market share. The two
produced in India. The SIAM data for the year 2009-10 states that
wheelers and tractors segment. The total market size of the auto sector
around 8 percent per annum for the last few years. Since the last four
to five years, the two wheelers segment has driven the overall volume
lately the passenger cars and commercial vehicles segment has also
seen a good growth due to high discounts, lower financing rates and a
6
pickup in industrial activity respectively. Major automobile
India, Ford India Ltd., Eicher Motors, Bajaj Auto, Daewoo Motors
Ltd., Royal Enfield Motors, TVS Motors and Swaraj Mazda Ltd.
Ever since the old Lambretta scooter was replaced with the flurry of
vibrant two wheeler models, Indian two wheeler industry has seen a
phenomenal change in the way they perceive the Indian market. Two
country has now grown into the second largest producer of two
manufacturers in the country, and they are Bajaj, Hero, Hero Honda,
7
Honda, Mahindra/Kinetic, Royal Enfield, Suzuki, TVS, and Yamaha.
There have been various reasons behind this growth. Because of poor
wheelers. Added to this is the fact that the average Indian still does
not have the purchasing capacity for a more expensive, four wheeler.
evolution of the idea of TATA Nano has been quite famous globally.
scooters and mopeds. The consumer has changed his preference from
8
A recent trend in the industry has been electric vehicles, which mostly
The end of the last decade saw Bajaj taking a radical decision to do
main reason. The customers are left without a choice in most cases
The Indian Automobile industry has attained new heights in the last
ten years. It has seen the vehicle production growing rapidly and
directly and indirectly, and also to kitty of indirect taxes. Today, all
9
major OEMs are in India and many of them have made India a hub
FUTURE PROJECTIONS
by 2015 from the current level of US$ 10bn in 2009. By the year
11
manufacturing capability, reduced margins put additional
travel in a two wheeler (for regular use, not for picnic or time
pass or once in a while trips). For the simple reason that, with a
And definitely faster too. And then comes the bigger problem of
that’s not the case with a four wheeler. So, the whole point is
unless there is some way where these two issues are addressed, I
It gives the optimistic view about the industry and the overall
12
to keep a good watch on the major’s players to benefit in terms of
and Indian companies are set to enter a stage where they are
13
Of course, the Indian market is significantly different with the
mainstay.
premium segment.
over the next decade. However, that itself implies that it will be
14
Customer satisfaction, a businessterm, is a measure of how products
Furthermore, when these ratings dip, they warn of problems that can
15
have high expectations and the reality falls short, they will be
satisfying. For this reason, a luxury resort, for example, might receive
This is the most daunting and downright scary part of interacting with
over time. It's important to meet your customers face to face at least
wait days for a response to an email or phone call. It might not always
few hours, but at least email or call them back and let them know
you've received their message and you'll contact them about it as soon
16
as possible. Even if you're not able to solve a problem right away, let
A fellow Site Pointer once told me that you can hear a smile through
courteous and to make your clients feel like you're their friend and
you're there to help them out. There will be times when you want to
beat your clients over the head repeatedly with a blunt object - it
happens to all of us. It's vital that you keep a clear head, respond to
your clients' wishes as best you can, and at all times remain polite and
courteous.
This may not be too important when you're just starting out, but a
time and effort in the long run. If a customer has a problem, what
If the first option doesn't work then what? Should they contact
satisfied with any aspect of your customer service, who should they
17
tell? There's nothing more annoying for a client than being passed
from person to person, or not knowing who to turn to. So make sure
5. Attention to Detail
company you were a client of? Have you ever had a personalized
sign-up confirmation email for a service that you could tell was typed
from scratch? These little niceties can be time consuming and aren't
customers, it's something. It shows you care; it shows there are real
valued.
18
Sometimes this is easier said than done! However, achieving this
It's possible this is the most important point in this article. The simple
time. In this case a quick apology and assurance it'll be ready ASAP
wouldn't go a miss.
Our Programs are research based, built on the three corner stone’s of
Product Quality
19
• state-of-the-art technology
• competitive pricing
Procedural Quality
• ease of ordering
• accurate fulfillment
• on time delivery
• ease of tracking
Relationship Quality
• Responsiveness
• Competitiveness
• Innovativeness
• Quality
• Customer Service
from your customers' perspective. Using the data, it will help you
first year's participation). That is, you will have quantifiable internal
21
the repeat annual surveys to judge progress based on actions you have
Brochure detail
Marketing Mailing frequently
Order Delivery time
Distribution Order Completeness
Accuracy
Accounts Problem Response
Courtesy
1. Listen carefully to what the customer has to say, and let them
22
personally; he or she has a problem and is upset. Repeat back what
information you can get from the customer, the better you will
solve the problem, not argue. The customer needs to feel like you’re
on his or her side and that you empathize with the situation.
would be, I’ve found it’s best to propose one or more solutions to
23
6. Solve the problem, or find someone who can solve it— quickly!-
Research indicates that customers prefer the person they are speaking
24
COMPANY PROFILE
25
COMPANY PROFILE
comfort and rugged good looks, the Bullet dominated and continues
motorcyclist in India with even the Indian Army and Police endorsing
the Bike.
26
when the Government decided to impose stringent norms for
obtain the WVTA (Whole Vehicle Type Approval) for meeting the
Marketing Network
To feel the pulse of the customers, Royal Enfield has set up a wide
countries like the USA, Japan, Bahrain, UK, Germany and many
Collaborations
27
- Criterion Engineers, UK for a new 5 speed transmission system.
Manufacturing
has received the ISO 9001 certification and for managing its
14001-quality certification.
Royal Enfield ensures that all the components used in the bikes are
sourced from the best vendors in the Indian automotive industry, who
standards. The company works closely with all of its suppliers, giving
28
them technical and managerial support while maintaining practices
To manufacture quality bikes that are well known worldwide for their
manufacturing facility.
new product, this team undertakes all related planning which includes
and testing processes. The bike Design team at Royal Enfield is well
29
Royal Enfield was also amongst the first Indian companies to
operation.
Bullet bikes are famous for their power, stability and rugged looks.
It started in India for the Indian Army 350cc bikes were imported in
kits from the UK and assembled in Chennai. After a few years, on the
the bikes in India and added the 500cc Bullet to its line. Within no
30
Bullet became known for sheer
Automotive Gears.
stringent norms for emission, Royal Enfield was the first motorcycle
obtain the WVTA (Whole Vehicle Type Approval) for meeting the
31
32
Profile of the Products
power of 18 bhp from air cooled, 4 stroke engine, large wheels, and
better sitting for superior riding. This has been the classical offering
from Royal Enfield and the engineering and the design has remained
unchanged over the years. It has remained the flagship product with
33
bike having vintage styling. The bike has hand-painted pin stripes, a
4-speed transmission, double leading shoe front brake and was touted
bike looked mostly similar to the Standard 350cc offering, its bigger
34
Royal Enfield Bullet Electra 4S
This paved the way for the newer bikes from Royal Enfield which
largest SCAC engine for any motorcycle in the world. The bike
35
2006 but it succeeded in rebuilding the power-bike image of Royal
hand side 4-speed gear shift, they moved to a left-hand side 5-speed
gear shift. Disc brakes also made an entry, with the 280mm disc being
the largest in the country. This has been one of the most successful
models from Royal Enfield and was to a large extent responsible for
36
both 350cc and 500cc variants. They were the first bikes to have the
now legendary Lean Burn AVL Engines. These were the result of
AVL.
remain a brand name despite engineering changes that went into it. It
37
In 2008, Royal Enfield
tires, Unit Construction engines and the look and feel of a vintage.
Priced at 1.3 lakhs and 1.7 lakhs respectively, the 350cc and the 500cc
variants are slowly gaining popularity amongst users for the lower
ride height, the greater power and above all, the vintage feel of the
bike.
38
OBJECTIVES OF THE
RESEARCH
39
OBJECTIVES OF THE MARKET SURVEY REPORT
bikes.
etc.).
40
LITERATURE REVIEW
41
LITERATURE REVIEW
rate per registered passenger car (17 per 100,000). Death rate
In an earlier study, Wulf et al. (1989) estimated the death rate for
compared with an overall vehicle death rate of 2.57 per 100 million
(KSI) casualty rate was 147 per 100 million vehicle kilometer for two
wheeled motor vehicle, whilst for car users the rate was 5 per 100
42
rate, motorcyclists are more likely to be injured when involved in an
accident.
head on collision with a car (that is, both types of vehicle collided
with the same type of object in the same way). Around 97% of
motorcycle/car head on collisions (that is, the impact speed was the
same for the car and the motorcycle) from the same dataset, and found
the car drivers were 0.9% likely to be injured. The much higher injury
car drivers. Overall, the casualty rate (all injury types) is 556 per 100
43
million vehicle kilometer for two wheeled motor vehicle, compared to
number of motorcyclist licences. The age and sex of the rider is also
given.
their vehicle to avoid paying Vehicle Excise Duty and some owners
the National Travel Survey, which collects data on the travel habits of
44
recording details of travel such as the purpose of the journey, the
method, the distance traveled and the time of day as well as personal
respondents who ride motorcycles (in line with the small number of
years of data has to be aggregated and thus mask changes over time
analysis, as the sample sizes are too small for a shorter period of time.
The key results cover motorcycle travel by area, journey purpose, age
other vehicle, particularly when traffic is heavy and the visual field is
45
crashes is that they did not see the motorcycles and their riders at all,
or did not see them in time to avoid the crash. In roughly half of the
time to avoid a crash, other obstacles were present, either within the
with the driver’s line of sight (Hurt et al., 1981; Bednar et al. 2000).
The ability of other road users to see and notice the motorcycle is
passenger cars or trucks, they are more difficult to detect and their
(due to the smaller size of the motorcycle) but they also have poor
46
cognitive conspicuity (they are less frequent and hence less expected
than cars).
traffic and their detection may rely on their being seen in a gap a long
distance away.
speed difference between motorcycles and other road users may not
47
always be enough to enable drivers to discriminate between them at
long distances. These findings are supported by him. They found that
than an oncoming car – despite the actual time to arrival being exactly
since the increase in their size as they approach – their rate of looming
shows drivers who also ride motorcycles and those with family
48
members or close friends who ride are more likely to observe
motorcyclists and less likely to collide with them. This indicates that
that road users become conditioned to respond more to the visual cues
49
RESEARCH METHODOLOGY
50
RESEARCH METHODOLOGY
the term should be used in a technical sense. the term research refers
Sample size : 50
51
Area of survey : Saket
Sampling design:
I. Sample Unit:
bike
Primary data:
The primary data are those which are collected afresh and for the first
For the study: Questionnaire method is used for collecting the data
52
Secondary data:
The secondary data are those which have already been collected by
someone and which have already been passed through the statistical
data.
For the study: Internet & Books are used for collecting the data
53
DATA ANALYSIS
&
INTERPRETATION
54
DATA ANALYSIS & INTERPRETATIONS
8% Bullet 500
12%
20% Thunder Brid
Bullet Electra
16% 20% Machismo 500
16% Bullet350
Classic 500/350
8%
other
Graph No.01
Interpretation
55
This chart shown that out of 50 respondents, 20% respondents said
Bullet 500model of Royal Enfield do they presently own,20%
respondents said thunder brid, 16% respondents said bullet electra,
8% respondents said machismo, 16% respondents said bullet 350,
12% respondents said classic 500/350 and 8% respondents said other.
36%
Cash
64% Loan
Graph No.02
56
Interpretation
57
3. Please specify your source of awareness of Royal Enfield
while buying your bike?
Newspapers
8%
8% Magazines
20%
Friends
16% Road shows
20%
6TV Adds
8%
Website/blogs
12% Showroom
8%
Others
Graph No.03
Interpretation
58
This chart shown that out of 50 respondents, 20% respondents said
newspaper is the source of awareness of Royal Enfield while buying
their bike,20% respondents said magazines, 8% respondents said
friends, 8% respondents said road shows, 12% respondents said 6TV
adds, 16% respondents said website/blogs, 8% respondents said
showroom and 8% respondents said other.
59
4. Please specify your bike’s mileage?
8%
45km/lit & above
16%
40-45
60% 35-40
12% 30-35
Below 30
4%
Graph No.04
Interpretation
60
12% respondents said 35-40, 4% respondents said 30-35 and 60%
respondents said below 30.
61
5. Are you satisfied with the bikes mileage?
30%
Yes
70% No
Graph No.05
Interpretation
62
6. Which place did you prefer to purchase your Royal Enfield
bike?
10%
Showroom
20%
Direct second hand
70%
Used vehicle
dealership
Graph No.06
Interpretation
63
20% respondents saidDirect second hand and 10% respondents said
Used vehicle dealership.
64
7. Availability of spare parts in market?
Readily available
20%
40% don’t get
20% them readily
Don’t have good
20% spares supply
Major
headache
Graph No.07
Interpretation
65
that they don’t get them readily, 20% respondents said Don’t have
good spares supply, 20% respondents said Major headache.
66
8. Any major problems after purchasing Royal Enfield bike?
No problem
6% 4% High maintenance
10%
20%
Poor after sales
20% service
40% High price
Low mileage
Noisy vehicle
Graph No.08
Interpretation
67
This chart shown that out of 50 respondents, 20% respondents said
they don’t have any problem after purchasing Royal Enfield bike,
40% respondents said High maintenance, 20% respondents said Poor
after sales service, 10% respondents said High price, 6% respondents
said Low mileage, 4% respondents said Noisy vehicle.
9. How you rate for your satisfaction level with respect to power
and pick up of your Royal Enfield bike?
68
10%
30%
20% Poor
Average
Good
40% Excellent
Graph No.09
Interpretation
10%
30%
16% Poor
Average
Good
44% Excellent
Graph No.10
Interpretation
70
11.How you rate for your satisfaction level with respect to after
sales service of your Royal Enfield bike?
16%
44% 10% Poor
Average
Good
30%
Excellent
Graph No.11
Interpretation
71
12.What do you think is the major barrier for not purchasing
Royal Enfield bikes by non-bullet riders?
72
High maintenance
Noisy vehicle
Graph No.12
Interpretation
73
Well known bullet mechanic 20% 10
Nearby garage 20% 10
Self service 0% 0
Table No.13
0% Showroom
20%
Well known bullet
20% mechanic
60%
Nearby garage
Self service
Graph NO.13
Interpretation
74
14.Do you agree that company takes action towards the
complaints lodged by the customers?
44%
56% Yes
No
Graph No.14
Interpretation
75
FINDINGS
76
FINDINGS
64% respondents said they purchase bike from cash and 36%
77
70% respondents said they are satisfied with the bikes mileage
available 20% respondents said that they don’t get them readily,
78
10% respondents saidcomfort and safety of their Royal Enfield
79
CONCLUSION
80
CONCLUSION
whether the customers are satisfied or not. If not what are main
predominantly by the need for Power and respect for the iconic
economical and most of them prefer to buy their bike brand new
81
Royal Enfield has an excellent satisfaction level within the
fans.
82
LIMITATIONS
83
LIMITATIONS
Although the study was carried out with extreme enthusiasm and
research via,
information might have been left out, however due care is taken
respondents.
information.
84
85
SUGGESTIONS
86
SUGGESTIONS
87
Youth oriented promotion- Company should focus more on
younger generation as it can increase sales.
Marketing communication- It should focus on satisfying the
needs for Respect, Power, Safety and Comfort.
Brand ambassador- A non-flamboyant well-built brand
ambassador may be chosen to represent the Brand. It is
necessary for Royal Enfield to have a brand ambassador from
India to connect with the Indian customer.
ANNEXURE
88
QUESTIONNAIRE
Dear respondent,
RESPONDENT PROFILE
Name of the
respondent:.......................................................................................
.........
Residential/ office
address:............................................................................................
..........................................................................................................
..............................
Contact no.
:........................................................................................................
..........
Age group of the respondent : 18-25 ( ) 25-35 ( ) 35-45 (
) 45 or More( )
Education/ qualification:
.............................................................................................
Occupation:......................................................................................
...........................
o No problem
o High maintenance
o Poor after sales service
o High price
o Low mileage
o Noisy vehicle
9. How you rate for your satisfaction level with respect to power
and pick up of your Royal Enfield bike?
o Poor
o Average
o Good
o Excellent
11.How you rate for your satisfaction level with respect to after
sales service of your Royal Enfield bike?
o Poor
o Average
o Good
91
o Excellent
92
BIBLIOGRAPHY
93
BIBLIOGRAPHY
Books:
71-340.
Websites:
www.royalenfield.com
94