Professional Documents
Culture Documents
KP Report
KP Report
Final Report
On
CUSTOMER ACQUISITION AND BRANDING AT
REFRESHED CAR CARE
By
KRATIK PARAKH
17BSP1307
Associate Professor
IBS Mumbai
To whomsoever it Concerns
I, Prof. Sanskruti Desai, hereby authorize the submission of the project work
titled ‘Customer Acquisition and Branding at Refreshed Car Care.’
undertaken by Kratik Parakh (Enrolment no.17BSP1307) as partial fulfilment
of MBA Program at IBS Mumbai. This Project work was executed by the
student under my guidance and no part of this report has been submitted for any
other degree or recognition before.
Sincerely
Secondly, I would like to thank, Mr. Runal Dahiwade (Head- Product &
Tech), for making the work and corporate environment very comfortable and
knowledgeable.
SYNOPSIS
This project aims to achieve the following objectives:
This interim report marks out the work carried out by me which include:
INTRODUCTION
1.1 Background (About Car Wash Industry)
1.2 Purpose
The purpose of this report is to show how service industry
where the customer is treated as King Works and how to convert
the customer into a permanent customer i.e repetition of the
buying power of the service by the customer is catered.
1.3 Objective
Following points elucidate the objectives of this project:
Understanding the Car Care Washing System.
To understand different products and policies of the company.
1.5 Recommendation
The services provided by the team are environment friendly, use best in
class equipment and cleaning solutions. These services are carried out by a
professionally trained workforce.
The services are offered to Pan Mumbai now and the next step is to take
these services to across different cities in India.
Apart from the core team the team has a team of 60 professional
cleaners who are working on the ground level to cater the demand of
the on-going services which is offered across Mumbai. To look after
these professional cleaners there is a team of 8 people who are the
service advisors at these locations/hub. The team also has 24*7
customer service centre which books the service for the customers and
also look after the problems faced by the customers.
Step 2 Drying
Customer Service
Customer service was the central role that involved handling issues
of the customers and turn a stressful situation turned calm through
productive communication. There were instances wherein a negative
review was turned down through customer satisfaction decisions
guiding them to be raving fans of the wash. Customer feedback calls
were made to check for their experience attained by the service and
mark improvement measures on a ineffecient work done. The larger
client base however appreciated the service and put up positive
Google reviews and referred the service to their known. The google
rating of Refreshed shows impressive value service standing at
4.7/5 .
Customer Behaviour
Analyzing the customer behaviour and monitoring delegated sales
activities, observations were made about the customer sale pattern.
Priortize planning and discussion with the back office helped us to
identify the companies at One Indiabulls that made the largest
customer base for Refreshed Car Care. Aditya Birla Capital held the
majority stake of the total client base who availed the service at One
Indiabulls Camp. Employees from companies like Khaitan, American
Express, RBL Bank, Network 18, Bloomberg Quint etc., showed
frequent response to our car wash service.
30%
25%
20%
15%
10%
Sales
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CUSTOMER ACQUISITION
Figure: Screenshot of the research work carried out for BPCL Pumps
Threat of
New
Entrants
Intensity of
Threat of
Competitive
Substitutes
Rivalry
Bargaining Bargaining
Power of Power of
the the
Suppliers Customers
Segmentation Targeting
STPD
Analysis
Positioning Differentiation
Segmentation
Demographic: The customers here are segmented through their
demographic profile such as age, gender, education and
occupation.
Psychographic: By personality and lifestyle.
Behavioral: Number of new customers, loyal customers and
services needed.
Targeting
Refreshed Car Care has segments its customers by type of car
ownership
Positioning:
Premier value added service provider
Pricing: The pricing of the service is kept very nominal
according to fight with the pricing strategy of other competitors,
Advertising & Promotion: Social Media promotion,
newspaper advertisement, onsite sales pitch to the customers,
etc.
After Sales Service: Feedback calls to the customers are made
to check down the satisfaction of the customers with the service
and also a health report card of the car is mailed to the
customers
.
Differentiation:
Eco-friendly approach helps to save them 30 litres of water on
every wash.
Website & on call instant booking for the customers which is
available 24*7.
Technological
Social Factors Factors
Political Factors: Refreshed Car Care does not face any such
political factors, which affects the running of their business. Since, its
saving water on every wash gives them a green signal from the
political parties.
Economic Factors: Refreshed Car Care being price sensitive on
customer end has very minimal economic factors. In India, people
would generally prefer owing a house first and then a car. It’s the
urban sector population, which has a higher demand for cars in India.
Social Factors: Refreshed Car Care being on a upper hand car
washing service is generally taken by the car owners who has upper
income level. Generally, cab drivers don’t prefer to take this detailed
service but now Ola and Uber being on on-board who provides extra
incentive on reviews of the car driver, the drivers tend to keep their
car clean.
33 | FINAL REPORT/CUSTOMER ACQUISITION & BRANDING/KRATIK PARAKH
Technological Factors: Refreshed Car Care from the starting has
been on the tech side by providing the booking by using the mobile
app or make it sending the Engine Health Card Report. Being a tech
savvy company in this Tech Led environment is always a plus point
for the companies.
References
36 | FINAL REPORT/CUSTOMER ACQUISITION & BRANDING/KRATIK PARAKH
1. www.yourstory.com
2. www.investopedia.com
3. https://auto.economictimes.indiatimes.com/latest-news
4. www.refreshednow.com
NOTES
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39 | FINAL REPORT/CUSTOMER ACQUISITION & BRANDING/KRATIK PARAKH