Professional Documents
Culture Documents
PROJECT REPORT
ON
EFFECTIVENESS OF DIFFERENT PROMOTIONAL
TOOLS OF BAJAJ AUTO
IN
ROURKELA
For the partial fulfillment of MBA(DE) under
Fakir mohan University, Vyasa Vihar, Balasore
SUBMITTED BY
Mr. Tapas Ranjan Mishra
Roll No.43206DE08057
DAMITS, Rourkela
DECLARATION
I also declare that this Project Report has not been submitted to any other
Institution or Universities or published elsewhere at any time.
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A C K O N O W L E D G E M E N T
3
C E R T I F I C A.T E
and Supervision for the partial fulfillment of MBA(DE) course under Fakir Mohan
University, Vyasa Vihar, Balasore.
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TABLE OF CONTENTS
1) ACKNOWLEDGEMENT
2) ABBREVIATIONS
3) ABSTRACT
4) INTRODUCTION
4.1) OBJECTIVE
4.2) METHODOLOGY
4.3) STRATEGY14
4.5) BRAND
6) EMPIRICAL ANALYSIS
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7.2) Market growth in percentage
7.4) Discussion
7.5) Suggestion
8) CONCLUSION
9 APPENDICES
10) BIBLIOGRAPHY
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ABBREVIATIONS
BAFL – BAJAJ Auto Finance Limited
DP – Down Payment
FI – Fuel injection
HO – Head Office
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INTRODUCTION
Bajaj Auto Ltd., India s leading two-wheeler manufacturer, is a part of the
Bajaj Group. The group, founded in 1926, straddles a wide range of
industries.
Bajaj Auto started its operations in 1945, as in importer of two and three
wheelers. In 1959, it obtained a license from the government of India for the
manufacture of the products and and in 1970, rolled out its 100,000th
vehicle. Just seven years later, Bajaj Auto achieved production and sales of
100,000 vehicles in a single financial year. In 2004, the company unveiled a
new brand identity, donned a new symbol, logo and brandline. Bajaj Auto
manufactured 1,814,799 vehicles during the financial year ending 31 March
2004. In the same period, with 196,710 vehicles, it continued to be India s
largest exporter of two and three wheelers.
Company's history
Bajaj Auto came into existence on November 29, 1945 as M/s Bachraj
Trading Corporation Private Limited. It started off by selling imported two-
and three-wheelers in India. In 1959, it obtained license from the
Government of India to manufacture two- and three-wheelers and it went
public in 1960. In 1970, it rolled out its 100,000th vehicle. In 1977, it
managed to produce and sell 100,000 vehicles in a single financial year. In
1985, it started producing at Waluj in Aurangabad. In 1986, it managed to
produce and sell 500,000 vehicles in a single financial year. In 1995, it
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rolled out its ten millionth vehicle and produced and sold 1 million vehicles
in a year.
Before the introduction of the Pulsar, the Indian motorcycle market trend
was towards fuel efficient, small capacity motorcycles (that formed the 80-
125 cc class). Bigger motorcycles with higher capacity virtually did not exist
(except for Enfield Bullet). The launch and success of Hero Honda CBZ in
1999 showed that there was demand for performance bikes. Bajaj took the
cue from there on and launched the Pulsar twins in India on November 24,
2001. The Pulsars excited segments of Indian youth, mainly due to a
muscular shape and stylish design[2] as well as its powerful engine (in Indian
context) at reasonable fuel efficiency and affordable cost. The Pulsars are
believed to be greatly successful in redefining the market trend. Since the
introduction and success of Pulsar, the Indian youth began expecting high
power and other features from affordable motorcycles.
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LOCATION
Bajaj Auto has three plants in Maharashtra, at Akurdi, Waluj and Chakan.
PARTNERSHIP
Bajaj Auto has a technical tie-up with Kawasaki Heavy Industries of Japan
to produce a range of the latest, state-of-art two-wheelers in India. Since the
tie-up in 1986, Bajaj Auto has launched KB100, KB RTZ, KB125, 4S, 4S
Champion, Boxer, Caliber, Caliber115, Wind 125 and India s first real
cruiser bike, the Kawasaki Bajaj Eliminator. A Fortune 500 company with a
turnover of USD 10 billion, Kawasaki Heavy Industries has crafted new
technologies for over a 100 years.
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OBJECTIVE
The basic objective of the project is to know about the customers perception
on the bajaj auto product ( mainly the bikes which are provided by Bajaj
Auto) and to render the solution and suggestion in order to improvise the
customer satisfaction.
Develop strategies.
Competitors strategy.
Customer profitability.
By this project I am able to know what are the different promotional strategy
adopted by bajaj auto and also the practical reality of the corporate world .
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Also this project cum on the job training helps me to know the customers ,
which help me to prepare plan and policies in my future when I will be a
manager after completion of my MBA course.
This helps me also to know how to cope with different situation in my future
career.
STRATEGY
INNOVATIVE PLANS EMPLOYED:
There are so many innovative plans are adopted by Bajaj Auto to fulfill the
target which are commonly known as the promotional tools. which are as
follows.
BAJAJ AUTO: -.
The vehicle leader in Rourkela BAJAJ AUTO Company providing the
least rate of interest of 0 % through BAJAJ AUTO FINANCE LTD.
It provides the scheme of BPL colour TV (14”) on every purchase of
Platina bike.
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Canopy:-
The most effective way of promoting any product or organization is putting
stall of that organization in different crowed places, so that people can know
the exiting of that organization and product. When we started OUR SIP in
BAJAJ AUTO our very first job was putting canopy in different crowed
places so that we can collect data and create a huge database. Also many
people who don’t know about the product of Bajaj auto, they are able to
know and also approach for the product. One more benefit of putting such
kind of stall is that the people who see these stall they give their reference
for the product and the bank to their relatives and friends who are in need of
that product.
By sitting over their, we can create a brand image of BAJAJ although it has
a well reputed image but still their some people who don’t know about the
BAJAJ and its products.
Advantages
Also those who want to know about other products they can also
enquire about this from the canopy.
Limitations
Leafleting:-
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It is an effective way of promoting the product. A colors paper containing
the name, logo, contact no. and address of the bank is distributed to the
different people in the city. Also the leaflet contain some specification of the
product. Distributing leaflet to the customer increase the interest about the
product. They come to the stall (or canopy) ask detail about the product.
From these 10% people converted into an effective customer.
The different competitors also started doing the same leafleting with an
effective way.
Advantages
It also attract the customer towards the product and the canopy where
it is placed.
Limitations
If it is not used in proper way then it is only the wastage of money and
time.
Some times it create a wrong image if the contact no is wrongly
printed.
These are the different advantages and disadvantages of the strategy. But
leafleting is always an effective way of advertising a product into the
market.
0% finance scheme:-
This scheme is developed to sell the bikes of BAJAJ Company in Rourkela
market. In this scheme the bank doesn’t take any interest from the customer.
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This is an effective way of promoting the product of Utkal Auto Syndicate in
Rourkela Market.
It has two loan amount one is Rs.25,000 and other is Rs.20,000 each having
two tenure period of 12 months and 09 months
Here the loan amount is Rs.25,000 and value of the bike is paid by the
customer as down payment.
Here the loan amount is Rs.25,000 and value of the bike is paid by the
customer as down payment.
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Rest 25,000 is financed in 0% interest rate
Here the loan amount is Rs.20,000 and value of the bike is paid by the
customer as down payment.
Advantages
The new customers are given good services so that they will be
BAJAJ loyal customer in future.
Limitations
IRR will be low and bank cannot get the required return.
If competitors started the same scheme they the value will be reduced
for ever and the market can be spoiled.
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This scheme is for a short period for 15 days or one month only. It is
sufficient time to promote the product among the customers. It should
not be more than this period as it can cause some loss in the business.
This scheme is able create 3 times business during this period as compare to
last period. So it is an effective scheme to attract new customer towards the
bank and create new customer database.
Any one who want to avail this scheme he got RTO free or Rs.2200
whichever is lower.
For example
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Suppose a customer want to buy BAJAJ PLATINA with the scheme where
he is paying Down Payment of Rs.11520 and want to avail RTO free
scheme. Then
i.e. that customer has to pay 1247 for 11 months 999 for next 12 months and
716 for last 12 months.
Advantages
Low rate of interest with discount attract the customer towards the
product.
After attracting retain the customer as their no much no of advance
EMIs.
Limitations
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As the scheme is an structured scheme so the customer so
unwillingness to purchase the product.
If competitors started the same scheme they the value will be reduced
for ever and the market can be spoiled.
This RTO free scheme is free for one and half month during the month of
May and June. It can able to generate the revenue of two times than the last
period for the company. The scheme is useful to create more customer for
the bank.
which is same as we get from all other schemes. The scheme provided by the
BAJAJ will give the higher percentage of customer and increase the
customer.
EMI is structured
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Initial Payment is DP+PF+SD-Rs.1100 or insurance which is lower
Advantages
Low rate of interest with discount attract the customer towards the
product.
After attracting retain the customer as their no much no of advance
EMIs.
Limitations
All Bajaj bikes come with a basic warranty of 2-years/ 30,000km#. Now, we
are extending our commitment even further. Introducing Bajaj Confidence
Programme, which offers Extended Warranty for your favourite Bajaj bike!
The Extended warranty gets activated as soon as the basic warranty expires
You also get a special Bajaj Confidence Certificate at the end of the
Extended Warranty period
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Available only at select Bajaj outlets
There are two Extended Warranty plans to choose from. Pick the one that
suits you the best:
km, whichever is earlier, from the date your bike's basic warranty expires, to
a maximum run of 50,000 km.
Plan B: One Year/ 10,000 km, whichever is earlier, from the date your bike's
basic warranty expires, to a maximum run of 40,000 km.
HERO HONDA: -
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It provides easy finance having tie-up with SBI.
HONDA: -
INDUSTRY PROFILE
Company
Bajaj Auto Limited
Profile:
Ticker: 500490
Exchanges: OTH
2006 Sales: 74,680,000,000
Major Industry: AUTOMOTIVE
DIVERSIFIED AUTOMOTIVE
Sub Industry:
MFRS.
Country: INDIA
Employees: 10579
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Phone Nos (0661)2504764 , 2513908 , w/s 2664189
E-Mail rkl_khaitans@sancharnet.in/
d10164@baldealer.com
Fax 2505064
GROUP COMPANIES
Bajaj Auto is the flagship of the Bajaj group of companies. The group
comprises of 27 companies and was founded
in the year 1926. The companies in the group are:
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Bajaj Ventures Ltd. The Hindustan Housing Co Ltd.
Bajaj International Pvt Ltd. Baroda Industries Pvt Ltd.
Hind Musafir Agency Pvt Ltd. Stainless India Ltd.
CORPORATE PROFILE
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BUSINESS DESCRIPTION
INFRASTRUCTURE
Bajaj Auto's three plants at Akurdi, Waluj and Chakan in Maharashtra,
western India, produced 1,814,799 vehicles in 2004-05.
Akurdi
Geared scooters, ungeared scooters and Bajaj Discover
Waluj
Bajaj CT100, Bajaj Wind 125 and three wheelers
Chakan
Bajaj motorcycles - Pulsar and Discover
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BRAND
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PRODUCT DESCRIPTION
PULSAR DTS-i
The new Pulsar has many firsts to its credit. It comes equipped with an Oil
cooler, which helps control engine oil temperatures at sustained high speeds
and rpms, thus ensuring more stable engine oil viscosity. The 200cc DTS-i
engine generates 18 Ps of raw pulsating power to provide riding excitement
to performance hungry bikers. This makes the Pulsar 200 the most sporty
and stylish powerhouse on two wheels to pace the Indian roads.
It’s also the first bike in India to feature both front and rear tubeless tyres,
which besides offering superior stability are safer than conventional tube
types and in sync with the offerings abroad for similar applications. The rear
tyre is the broadest in its category to ensure better road grip and stability.
The new digital console is an advanced version of the latest Pulsar family.
Apart from the Digital Odometer, Digital Speedo Meter, Digital Fuel Gauge
and two Digital Trip Meters, the console on the 200 cc Pulsar DTS-i has
indicators for Air filter condition, Engine temperature, Battery voltage and
Oil level, all of which contribute to enhancing rider info for trouble-free
riding. Another first is the use of split seats for styling and comfort. The split
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grab rail perfectly compliments the new rear chiseled looks. It is also the
first Indian bike to have electric start as the sole means of engine cranking,
dispensing with the kick lever.
Technical Specifications
Displacement 198.8 cc
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Weight 145 Kg
BAJAJ DISCOVER.
The Bajaj Discover a motorcycle made by Bajaj Auto in Chakan, India
debuted in 2004. This is the second indigenous bike from Bajaj.
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The Discover was the second Bajaj bike (After the Pulsar segment) to come
with the six spoke alloys and the patented "exhaus-tec"—basically a
resonator that boosts torque at lower rpms. It also employed the Bajaj
trademark "dts-i" digital twin spark ignition technology used in the Bajaj
Pulsar 150 and 180 dts-i s. At launch, three versions were available:
However, during mid 2005, the Discover was made a singe variant model. It
was revamped with new graphics, black grab-rail, sns(spring in spring)
suspension, 130 mm drum brakes, six spoke alloys as standard, and some
engine tweaks predominantly aimed at reducing friction and combustion
roar. The Bajaj Discover has been the highest selling 125 cc bike in India
since the day of its inception. Despite the fact that it has a notchy gearbo and
that it is not very comfortable for tall riders (6 foot plus), it has proven to be
a very popular executive commuter.
Recently, a low cost model with a 110cc engine has been launched with
mixed success.This has the same body parts, SNS suspension, and other
features. It comes with alloy wheels, front & rear drum brakes & no electric
start.
Testimonial to the above facts is that it won the prestigious Overdrive (auto
mag) "bike of the year" and "indegenous design of the year" in 2005. It has
won critical acclaim from several other noted auto/bike magazines: Autocar
India, Bike India, and Business Standard Motoring in their bike tests
Technical Specifications
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Electrical system : 12volts ac+dc
Dimensions
Length : 2030 mm
Width : 760mm
Height : 1065mm
Wheeelbase : 1305 mm
Ground clearance : 175mm (min)
Tyre size
Front : 2.75 17 inch rim
Rear : 3.00 17 inch rim
BAJAJ PLATINA
Bajaj Platina is a 100 CC Motorcycle built by Bajaj Auto. It debuted in
2006.
Bajaj Platina is the latest 100cc bike from Bajaj Auto to take on TVS Star
City. The cheaper version will come for Rs 34,500, while the higher version
of Bajaj Platina will cost Rs 36,000 ( ex-showroom prices, Delhi). Bajaj
hopes to sell about 75,000-80,000 units of Platinas a month.
The Bajaj Platina is based on the CT-100, but with a revised gearbox, fresher
body panels and optional alloy wheels. Bajaj also offers the Bajaj Discover
112 in the entry level segment. The entry-level segment is being
strengthened by the arrival of the Bajaj Platina. The company will use it new
Pantnagar plant to build the Platina.
It is very much visible that all the body panels, fairings, electronics of this
bike are borrowed from the successful Bajar Wind 125 Worldbike. It is
debated whether it was a wise decision to cease the productions of Wind 125
& Caliber 115. Both were highly successful machines & were the top selling
models in their respective segment when the production was cut. Both had
exceptionally efficient & smooth Kawasaki K-Tec engies. The smooth
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engines were quite uncommon in India & were well received by the
customers. The K-Tec engines are no longer in use & Bajaj instead uses
indigenously developed powerplants.
Bajaj Auto has also announced plans to launch a dual-fuel bike which will
run on CNG/LPG as well as petrol. The bike is under development.
The Kristal DTS-i boasts of the Bajaj patented Digital Twin Spark Ignition
(DTS-i) technology with ExhausTEC which offers excellent driving
capabilities. This vehicle is also armed with the revolutionary Spring-in-
Suspension technology (SNS) for a comfortable experience. It has the
unique Front Fueling system that ensures a convenient refueling for the
rider.
The newest entrant from the Bajaj stable is a style statement for the young
college going girls.
Its 13 litre contoured fuel tank with the eye catching trapezoidal optoprism
headlamp, aluminum die cast grab rail, dual tone body etc. are accelerating
its market demand so rapidly.
For super biking this motor cycle has stored various key features for its rider
like longer stroke Hydrodynamic (HDS) Suspension, aerodynamic frame
geometry, easy gear shifting mechanism, smooth kick start mechanism,
ergonomically designed seat, glide like handling, 800mm of saddle height
etc.
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To assure fully secured and safer riding, this bike is loaded with the features
like wheel base of 1260mm, drum brakes of 130 mm in the rear and disc
brake (optional) of 240mm in the front, MFR indicators, optoprism halogen
headlight, tail lamp etc.
Bajaj Avenger
Bajaj Avenger with its high end performance and highlighting features gives
the guarantee of secured and comfort riding.
Its aesthetic feature includes low slung cruiser with a flamboyant chrome
outlook for a better looks.
Its powerful lighting like 60/ 55 watt halogen headlamp thinks about the
security of the rider even at night.
ABOUT BAJAJ
Bajaj Auto Ltd. is the largest exporter of two and three wheelers. With
Kawasaki Heavy Industries of Japan, Bajaj manufactures state-of-the-art
range of two-wheelers. The brand, Pulsar is continually dominating the
Indian motorcycle market in the premium segment. Its Discover DTSi is also
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a successful bike on Indian roads.
Quick Facts
E-mail rahulbajaj@bajajauto.co.in
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Website www.bajajauto.com
Products Brands
Motorcycle Bajaj
Bajaj CT 100 Bajaj Discover
s Avenger
Bajaj Wind
Bajaj Pulsar Boxer
125
Kawasaki Bajaj
Caliber Caliber115
Eliminator
4S 4S Champion
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2005 Bajaj Discover DTS-i was chosen as Bike of the Year and
Indigenous Design of the Year by Overdrive Awards.
Bajaj Auto was chosen as Bike Maker of the Year by ICICI
2004 Bank Overdrive Awards.
36
2001 Bajaj Eliminator chosen as Most Exciting Bike of the Year
by OVERDRIVE Awards.
Sales Performance
Market Share
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BAL's
Year ended Market Market BAL BAL's
market
31 March (nos.) growth (nos.) growth
share
Financials at a Glance
Segment Revenue
Investment &
1074.8 873.9 3404.3 2818.3 4095.2
Others
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Total 30934.8 19863.1 79305.6 52973.5 77759.5
Less: Inter
segment 57.3 39.2 211.6 245.4 290.7
Revenue
Net
Sales/Income
30877.5 19823.9 79094.0 52728.1 77468.8
from
operations
Segment Results
Investment &
927.8 856.4 3139.3 2683.8 3877.8
Others
Total Profit
3736.6 2777.0 10839.6 8347.9 11506.6
Before Tax
Capital Employed
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Automotive 9916.9 7931.6 9916.9 7931.6 9084.9
Investment &
53308.0 46392.0 53308.0 46392.0 47354.6
Others
Milestones
2003 Pulsar DTS-i and Bajaj Wind 125-The World Bike was
launched. In the executive motorcycle segment, its Caliber
115 "Hoodibabaa!" was launched. 107,115 Motorcycles
sold in a month.
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1999 Caliber motorcycle notches up 100,000 sales in record time
of 12 months. Production commences at Chakan plant.
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REVIEW OF THE LITERATURE
DEFINITION OF PROMOTION
Role of Promotion
Target Market
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media TV, direct mail, Brooks Brothers etc are the major communication
tools.
Response--reaction of the receiver buy or not to buy, take next step down
AIETA, go to the showroom etc.
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Identify the Stage of Product Life Cycle
Product Characteristics
Adoption Process
Not Aware--Advertising/Publicity
Communication programs goal must lead consumers to take the final step.
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Push-promotes product only to the next institutions down the marketing
channel. Stresses personal selling, can use sales promotions and advertising
used in conjunction.
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EMPIRICAL ANALYSIS
Analysis:
All the responses includes age group people starting from 20 years to 65
years and these people belong to different classes i.c. ;Job Class, Business
Class, Students etc. The questionnaire explains us about the following
The data I have found from the questionnaire that help me to draw suitable,
amicable and feasible conclusion in order to improve the Bajaj performance
and also increase their work efficiency which results in increment of their
revenue. The questionnaires also address the problems that are being faced
by the customers when they visit the show room. So by addressing to
customer’s problems, queries and solving them accordingly will help the
company to improve their efficiency and results in customer’s satisfaction.
Before going to the other topics, firstly we should analyses about the
availability of Two-Wheeler with the customer. This helps us to know about
the current financial status of the customer, which also address that how
many customers are having the hundred responses. According to the
responses collected from public it is delight that eighty percent of the people
have the vehicle and twenty percent of people don’t have the vehicle, which
is shown graphically by using a pie-chart below. This implies that Two-
46
Wheeler is being sold like anything else. So it is a good sign to the company
that people are interested to go for Two-Wheelers.
VEHICLE AVAILABILITY
No
20%
Yes
No
Yes
80%
If the Bajaj Auto is able to translate the prospective customers into potential
customers then the bank can become market leader in Rourkela. One of the
strategies could be that the company should establish a good and healthy
relationship with customers which will be long lasting.
2. Ownership of Vehicles:-
The second aspect of the analysis of the analysis is about the Ownership of
the vehicles. In MS Excel worksheet I initialized “1=Yes,2=No”. Here Yes
refers to they own the vehicle and NO refers to the vehicle is financed. In the
first aspect out of hundred responses 80% of the people have the vehicle and
20% of the people offered by different bank irrespective of their nature
(Public/Private).This is an indication to all the banks that in order to sustain
in this competitive era each bank has to adopt some different strategies in
order to create a need and want among customers.
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OWNERSHIP OF VEHICLES
19
Yes
No
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The third aspect in the analysis is about the market share of financed
vehicles by different banks as per collected data. In MS Excel worksheet the
values were allotted for different banks as per the collected responses.
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HERO HONDA
BAJAJ
OTHERS
The fourth aspect which is covered in the analysis is about the preferential
factors of customers when they choose to avail a loan from the banks. From
the graph it is can be clearly observed that how the customers prefer more to
Low Interest Rate as compared to other factor like Less Processing Time,
Long Tenure period, Customer Friendly share comparatively equal
percentage i.e; 10%. It is more clearly explained with the help of a pie-chart
in percentage wise how it is affecting the customer perception.
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70
60
50
40
30
20
10
0
Advertising 0% RTO free insurance Low down Attractive
financed scheme free payment after sales
scheme scheme service
The questionnaires included in the question related to the factored that were
vary important to the customer according to them. Customer were asked to
grade feature given in the question are according to their preference and
feasibility in decreasing order of 6 to 1in which 6 being the highest and 1
being the lowest. As shown in the above pie-chart 60% of people attracted
through advertisement.10% people are attracted through 0% financed
scheme. That implies people emphasizes on their repaying capacity that is
how much they take and how much they pay back. If the interest rate is low
than the customers see that they are paying less interest towards their loan
amount. 10% people through RTO free scheme. 5% people through
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insurance free scheme. 10% people through low down payment
scheme.And 5% people attracted through after sales service.
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FINDINGS AND SUGGESTIONS
MARKET SHARE
28.1
38.2
HERO HONDA
BAJAJ
OTHERS
33.7
52
MARKET GROWTH IN %
40
30
20
10
0
2001 2002 2003 2004 2005 2006
Column 1 20.8 22.9 23.1 23.7 27.8 33.7
MARKET GROWTH IN %
40
30
20
10
0
2001 2002 2003 2004 2005 2006
Line 1 20.8 22.9 23.1 23.7 27.8 33.7
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Bajaj Auto continued to be India’s largest exporter of two and three
wheelers. During 2005-06, it exported 250,204 two and three-wheelers—
which represented a growth of 27 per cent over 2004-05. Exports now
constitute 11 per cent in volume terms and 12 per cent of its value of net
sales.
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DISCUSSION:-
In this report we have discussed, about some two wheeler companies are
market leader and some are following them. To be market leader, one has to
prepare an effective marketing strategy, a company must study its
competitor as well as its actual and potential customers. Companies to
identify its competitor’s strategies, objectives, strengths, weakness and
patterns. They also need to know how to design an effective competitive
intelligence system.
In the Rourkela market BAJAJ auto facing a strong competition from its
competitor. In Rourkela,HERO HONDA is the market leader because of the
fast service.
To be market leader, BAJAJ AUTO has to follow some new strategy and
techniques. BAJAJ AUTO has all caliber to be market leader, it is possible
only if it has to slightly modify its strategy.
In this aspect BAJAJ AUTO should follow the strategy of HERO HONDA.
Another major problem, which is faced by BAJAJ AUTO is lack of
awareness about the company.
So, The company should do lot of publicity to create its brand image. Again
BAJAJ should adopt new technology and should open customer care centre.
If the company make some small change like this , then definitely going to
get profit. Some problem facing by BAJAJ AUTO and its suggestion is
given below:-
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The problems that the Company is facing are:-
Here the fast and important problem is lack of awareness about the
product.
Next one is infrastructure. There is insufficient infrastructure that
should be visible to every one.
They should adopt the new technological changes that are being in to
existences which will be useful for marketing..
SUGGESTIONS:-
They should put up some stalls in public places and make the public
to get accustomed to theBAJAJ’s Two Wheeler products offered by
them which is a source of advertisement.
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The company should use their full resources to satisfy their customers
and make them happy such that they will become loyal to their
company.
The company personnel should have a talk in such a way that the
customer should be attracted towards the company and refer the
company to others.
The company should always keep the grievances boxes and they
should attend these problems with a immediate effect.
They should always keep the tracks of all the changes that are
happening in entire industries as well as of their competitors and keep
a spy eye on them.
These are some problem and suggestion given to BAJAJ AUTO Apart from
this, to compete with its competitor, Managers need to conduct a customer
value analysis to reveal the companies strengths and weakness related to
competitors. The aim of this analysis should be to determine the benefits
customers want and how they perceive the relative value of competitor’s
offers. An important as a competitive orientation is in today’s global market,
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company should not overdo the emphasis on competitors. They should
maintain a good balance of consumer and competitor monitoring.
58
CONCLUSION
From this study I came to know that In this competitive era every company
wants to be the market leader, so different companies adopt different
promotional strategies like canopy, leaflet, hoardings, newspaper, TV etc.to
sell their bikes. The companies producing different model of bikes to serve
and cover the different segments. and financing the bikes make it easy for
them to attract new and low profile customers.
These are the problems that are being faced by BAJAJ in the selling of two
wheelers in Rourkela. Since in the market there is boom for Two Wheeler
their fore there is a hope for the Bajaj Company that it can do wonders
which are changing on a day to day basis? From the analysis of the
questioner it could be concluded that most the customers consider those
products who provide them latest technology, low price, Two Wheeler loan
at low interest rate, which is consider to more preferable among all other
facility like low processing, longer tenure, minimum documentation, etc. the
result also shows that people are more motivated towards new products that
provide them the latest technology so BAJAJ have an opportunity to be the
market leader in two wheeler segment. It was found that being a good
company in Rourkela it is less known to the people so the bank should take
necessary steps to inform people about its facility by increasing its
advertisement and publicity by every means.
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APPENDICES
QUESTIONARE:-
I request your kind co-operation and your valuable time to answer these
questions and I assure you that the information collected will be used for
academic purpose only and will be kept confidential.
NAME:
ADDRESS:
CONTACT NO:
NAME OF THE ORGANIZATION:
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e) Leaflet
4) Have you ever visited any canopy?
a) Yes b) No
c) Unaware of canopy
5) If yes, then how many times have you come across?
a) Once b) Twice
c) Rarely d) Occasionally
e) Frequently f) Not Applicable
6) Are you getting the sufficient information from the promotional tools
like canopies ,hoarding ,T.V ,leaflet etc?
a) Yes b) No
7) Have you ever visited BAJAJ show room?
a) Yes b) No
8) If yes, then how many times have you come across?
a) Once b) Twice
c) Rarely d) Occasionally
e) Frequently f) Not Applicable
9) Are you satisfied with the services offered by the BAJAJ show room?
a) Satisfied b) Not Satisfied
c) Some what satisfied d) Not up to the mark
10) If you have a bike,then the vehicle is yours or financed?
a) Own b) Financed
11) If financed then by whom?
a) Centurion b) Citi Finance
c) BAJAJ Finance d) ICICI
e) HDFC f) Others
12) You opt to take the loan from the above mentioned bank because off:
a) Low Interest rate b) Long Term Tenure Period
c) Customer Friendly d) Low Processing & Admin. Charges
d) Less Processing Time f) Attractive After Sale Service
13) Do you get any benefit if you take the bike from canopy?
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a) Yes b) No
c) To some extent d) No idea
14) If yes ,then what kind of benefit you get?
a) Any gift b) Low interest rate
c)Discount e) Good service
15) Do you know BAJAJ has provide any exchange offer?
a) Yes b) No
16) If you have any old bike ,then are you interested to exchange it?
a) Yes b) No
c) After decide d) Some extent
17) Do you know any thing about Loan Mela arrange by BAJAJ Auto?
a) Yes b) No
18) Are you interested to take any bike from BAJAJ?
a) Yes b) No
c) After decide d) Some extent
19) Suggest some way/ideas in order to improve the bank’s efficiency and
can serve the public at a faster rate
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BIBLIOGRAPHY
1) www.bajajauto.com
2) www.bajajtwowheelers.com
3) rkl_khaitans@sancharnet.in
4) d10164@baldealer.com
5) www.googlesearch.com
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