Professional Documents
Culture Documents
CHAPTER -V 91-98
5. FINDINGS 92
CONCLUSION 93
SUGGESTION 94
BIBLIOGRAPHY 95
ANNEXURE 96
QUESTIONAIRE
MARKET POTENTIAL OF MRF TYRES IN GULBARGA TYRES
1.1 INTRODUCTION
In the present world, Tyres plays an important role in the field of transportation. Tyres are
the workhorses for the mobile society. A great deal of public attention has been paid to this
very important commodity. Tyre manufacturers will be working to bring about much
greater uniformity in all aspects of the performance.
In a huge potential market like India, where the customers demand the best quality
products and services, MRF tyres faces a lot of competition from its competitors like MRF,
CEAT, J K TYRES, GOOD YEAR,and so on. In addition to it, the introduction of
imported tyres and second-hand tyres, the competition has become too high that even the
well-established brands are finding it difficult to be at the top for long.
The tyre industry began to grow in India in early 1930’s. The growth of the tyre industry
was in different phases. In the first phase, the multinational came and started selling the
tyre in India. First among them was Firestone followed by other multinationals like Good
Year, Dunlop, etc.
In the second phase the multi national started their production in India. They
became the first generation tyres for Indian industry. Among the first generation tyres
Dunlop was the first, which started their domestic production at Calcutta.
The third phase of Indian tyre industry began when Indian companies started
producing tyres, which came to be called second-generation tyres. Important, among them
are MRF Tyres, Premier Tyres, Good Year, CEAT, ETC.
They started production in the sixties. Later in the seventies the third generation tyres like
MRF Tyres, Vikrant, J K Tyres, Modi Tyres, etc.
All the company that started production after the 70’s and the tyre companies that
are yet to start production are classified under the head, Fourth generation tyres, and the
companies that shined among them are S.Kumar Tyres, Rado Tyres, SriChakra Tyres and
Birla Tyres.
The main leaders in Indian tyre industry are MRF, J K TYRES, CEAT,APOLLO
TYRES, MODI RUBBER, and BIRLA TYRES ETC.Every one is updating their strategies
in order to hold their share and include others.
Currently Indian companies are facing severe threat from foreign firms. Global
leaders like Good Year and Bridge stone are trying to invade in market. India can’t stand
away from global standard, as the firms can’t survive with good quality and effective
marketing. And the main problem affecting Indian companies is the lack of advance
technology. So the current market leaders are throwing away the past ways and are
invading the newer ones and the main aim that they sense is to create a position in the
customer mind and thus in the market too.
The total turnover of Tyre industry in India is about 50902.5 million. There are 13 large
scale and 15 small-scale tyre industries in India. The major Tyre manufactures are MRF,
Modi, Ceat, MRF, JK, Dunlop, Good year etc. these companies contribute 75 % of the
output of our country.
The task marketing not ends merely with the selling of products. In fact the process
begins even before the products being introduced in the market and even after the product
introduced in one market. This includes various process studies targeting the channel
through which the product reach and satisfy customers in the main aim market potential is
the limit approach by marketing demand as industry by marketing expenditures approaches
infinity for a given marketing environment.
The marketing of today includes different subject like product management, sales
management and most important is consumer business in which includes the consumer
retained, motivation for consumer. The buying patterns of consumers, their attitude and
perception towards the product. The marketing department is much concentrated on
consumer attitude and their perception as the mid point of marketing actions.
The main objective of the study was to find the market potential of MRF TYRES in
Gulbarga tyrs
Finding overall market potential available for MRF TYRES in Gulbarga tyres.
To know about the availability of various model / colour of bike with the dealers
RESEARCH
The study was conducted for Gulbarga Tyres, MRF Tyres, Kalaburagi city. In this
study we have used the survey technique as the emphasis was placed on primary data.
DATA COLLECTION
A questionnaire written is English was administered to collect primary data. The
procedure adopted for data collection was the market potential of retailer's service at this
business premises. All the questions were made simple as the respondents were simple and
genuine. The questionnaire consisted of a mixture of close ended questions and open ended
questions for easy answering. The confidentiality of the data was assured to the
respondents.
Primary Data:
Definition:
Those data which do not already exists in any form, and thus have to be collected is
known as primary data.
Primary data collected through personal interview and questionnaire prepared with
respect to topic and covering all the aspect. The main method adopted for collection data
was through field survey method. In this method the technique of questionnaire and oral
consultation method were used.
Secondary Data:
Definition:
Data which are not originally collected but rather obtain from published or
unpublished sources are known as secondary data.
The secondary data constitute the chief material on the basis of which statistical
work is carried out in many investigations. In fact, before collecting primary data it is
desirable that one should go through the existing literature and learn what is already known
of the general area in which the specific problem falls and any and all surrounding
information that may give us leads and lessons.
Sampling Method
Here the random sampling technique was used for sampling (non probability
sampling).
Data Collection
It is done through structured questionnaire.
Data Analysis
After conducting a survey of 100 respondents mark sheet were prepaid which serve
simple statistical tools they help in analyzing the data such as finding the average wherever
possible and representing in graphical forms.
It was felt necessary to collect qualitative data along with quantitative data as the
subject matter was relevant in understanding the woman behavior.
Statistical tools
• Graphs
• Statistical calculation
• Likert’s Scale
The market move towards intense price competition companies would book for the all types of
customers, middle class as well as upper or high level class consumers to make permanent customers.
The study was carried out to analyze the potential of market towards customers.
Promotional activities have to be unique and should have relative effect to retain and add
new customers thereby the study would help to identify the framework understanding the
potential along with other relative factors.
The study helps to know the drawbacks of the organization and marketing. Hence a
study was conducted to analyse the scope of the MRF Tyres motor products, relevant
questionnaire prepared to analyze in Kalaburagi city with potential consumer for their
perception taste, consumer preference and attitude.
The study has certain limitations. The limitations experienced during the course of
the study are enumerated below:
As the products was not to specified to a individual customer in market. The scope
of the study was more preliminary in nature.
The findings are substantially based on the information given by the respondents
and the information can be limited.
CHAPTER II
THEROTICAL BACKGROUND
CHAPTER-II
THEROTICAL BACKGROUND
INTRODUCTION TO MARKETING
Marketing consists of all activities by which a company adapts itself to its
environment creativity and profitability. It is the whole business seen from the point of
view of its final that is from customer’s point of view. Basically business firm’s objective
is to convert societal needs and demands of the consumers of the society.
Philip Kotler has said “Marketing is determining the needs and wants of target
markets and delivering the desired satisfaction more effectively and efficient than
competitors”. Thus it shows that consumer is the key to the success to any company’s
marketing services.
Evolution of Marketing
The development of marketing concept is evolutionary i.e. gradual rather than
evolutionary. The evolution of marketing is one of the oldest professions of the world.
Marketing:
Meaning:
The action/ business of promoting and selling products/ services including
marketing research and advertising.
Definition:
Marketing includes all the activities which are concern with effecting changes in
the ownership and possession of goods and services.
“Market includes both places region in which buyers and sellers are in free
competition with one another”.
Marketing management:
Meaning:
Marketing management is the organizational discipline which focuses on the
practical application of marketing orientation, techniques and methods inside enterprises
and organization and on the management of a firms marketing resources and activities.
Under the marketing concept the different heads and concepts studies are:
1. Societal concept
2. Production concept
3. Product concept
4. Want and demand concept
5. Selling concept
The marketing concept is a business philosophy that challenges the previous
concepts. It meets the needs profitably and helps in finding the wants to fulfill them.
1. Societal concept:- It holds that the organization’s task is to determine needs, wants
and interest of targets markets and to deliver the desired satisfaction more
effectively than competitors in a way that enhances all the consumers and society’s
well being.
2. Production concept:- It says that consumers will favor those products that are
widely available and economical. Managers of production oriented organization
concentrate on achieving high production and wide distribution coverage.
3. Production concept:- Holds that consumers will favor those products that offer the
most good quality, performance or innovative features.
4. Wants and demand concepts:- Say that a human need is a state of felt deprivation
of some basic satisfaction? Wants are desire for satisfying needs. Demands or
wants for specific products that are backed by an ability and willingness to buy
them.
5. Selling concept:-Marketing is a social and managerial process by which
individuals and groups obtain what they need and want through creating, offering
and exchanging products of value with others. Hence the importance of marketing
arises.
3) Methods of buying
Buying is the basic of marketing activity. Good buying can be defined as
buying at right price. There are different methods of buying namely.
4) Market potential:
Current and future market demands are determined by analyzing the entire
environmental factor affecting marketing process. The two way of estimating demand are:
They are:
a) Product mix: Product mix is the thing possessing utility. It has four main
components namely product range, after sales service, brand and package.
b) Price mix: Price is the valuation placed upon the products by offered. It has to
cover pricing, discounts, allowance and terms of credit. It mainly deals with
price competition.
c) Place mix: Distribution is the delivery of product and right to consume it. It
includes channels of distribution, transportation, and ware housing and
inventory control.
d) Promotion mix: Promotion is the persuasive communication about the
product by offer to the prospect. It covers advertising, personal selling, sales
promotion, publicity, public relations, and exhibition of demonstrations used in
promotion. Largely it deals with non-price competition.
5) Market consists of buyers and buyers differ in one or more respect. They may differ
in their wants, purchasing power, geographical location, buying attitudes and
practices. These variables are the main causes of market segmentation. Hence it is a
method of achieving maximum market response from limited marketing resources.
Geographic segmentation: Geographic location is usual and popular basis for market
segmentation. Further distinction as rural and urban markets, city and suburban markets etc
also form geographic segmentation.
Psychographic segmentation: Here buyers are divided into different groups on the basis
of social class, life style and for personality characteristics. People within same
demographic group can exhibit very different psychographic profiles.
Market potential and sales forecasts are not the same things, although the two are
sometimes used interchangeably, Market potential typically refer to total sales possibilities.
Several different potentials may be considered depending on what conditions are assumed
one potential could have to do with the conditions of use for example the amount of tooth
paste that would be used if all persons using toothpaste, brushed after every meal. Another
potential could be one based brushing only once a day, and so on. Thus the word potential
has specific meaning only in terms of the assumptions used when making the calculations
Traditionally market was a physical place where buyers and sellers gather to buy
and sell goods.
Marketing has been described as “the art of selling products” Marketing is the process of planning
and executing the conception, pricing, promotion and distribution of ideas, goods, and services to create
exchanges that satisfy individual and organizational goals.
METHODS OF MEASURING
MARKET POTENTIAL:
Different methods were used to estimate market potential. They are known as the:
1. Direct method
2. Correlation method
1) DIRECT METHOD:
In the direct method data on the actual product for which one wishes to estimate the
potential is used. The correlation method is used. The correlation method makes use of
data related to but different from the product at hand for example in direct method a
company used a total including sales figures to estimates efforts are changed ,the sales
figure are also likely to change. Thus this method may suggest subjective production based
on some assumption about business conditions and competitive activities
2) CORRELATION METHOD:
This method of measuring market potential is based on the data idea that there is
some association between sales and another variable called a “Factor” for example
population size is a good general factor that helps in estimating the sale potential for
numerous products. As such many statistical technique are now available to measure the
degree of association between sales and the market factor. For instance and automobile
company was interested in finding out the market potential of spare parts for its vehicles
market in different regions. It is a reasonable to collection of fresh data. So as to arrive at
a genuine conclusion of there by suggest a practical solution.
The primary data for the survey were collected from the respective target audience.
The questionnaire method was used to obtain primary data. The questions were
made simple as the brand to assume that the demand in any area is closely related to the no
of vehicles in the area. The application of this method based on hypothetical data.
The principle advantage of using total industry sales to measure market potential is
that the actual sales data is used which make the method easy to operate often, it is difficult
to obtain correct sales figures for an industry. This method will fail to offer reliable
estimates when the market undergoes frequent changes. Here past sales are used to
indicate market potential. Which tacitly consume, certain sales efforts. If these sales take
so large a share that a given firms quota may be smaller than in are area which less
potential.
Sales quotas set in light of sales potentials furnish a much better basis for
measuring the efficiency of sales representatives than do quotas set by the old role of
thumb.
CHAPTER-III
COMPANY PROFILE
CHAPTER-III
COMPANY PROFILE
BACKGROUND OF MRF:
The history of MRF begins with the story of its founder, the late Mr. K.
C.MammenMapillai a versatile genius who was the source of inspiration and a Beacon
light to many industries in India.
KCMM's first venture, the newspaper ‘Malayalam Manorama' was started 100
years ago. From newspapers, he shitted to Banking. With a modest capital he started
‘Travancore Central Bank'. The bank recorded rapid growth and within a few years had 65
branches. Meanwhile, he invested successfully in plantation in Kerala and Karnataka.
KCMNl soon ventured into the tobacco industry to manufacture a special brand of
cigarettes. Imperial Tobacco w ho enjoyed a monopoly in the field reacted sharply and cut
their process drastically. KCMNl was compelled to wind up his cigarette venture. It was a
rare failure. His son Mr. K.M Mapillai opened a Balloon Factory, from there started
making rubber and later tyres. He then opened a research centre in Thiruvananthapuram.
The main head office of MRF Ltd. is situated in Chennai.
Today MRF is into a league of its own with: manufacturing plants in India located
in Tiruvottiyer andArakonam in Tamil Nadu, Kottayam in Kerala, Ponda in Goa, Medak
inAndra Pradesh, and the most recent one in the territory of productivity.
MRF enjoys the highest brand preference for their high quality and durability. MRF
leads the Tyre industry in India with the largest market segment in almost every segment.
MRF has consistently been chosen for the first fitment on almost every new car launched
in India, since 1984.
In addition, MRF manufactures conveyor belting in collaboration with Pirelli of
Italy, advanced polyurethane paint systems, tyre machines in collaboration with Abex of
USA, and MRF’s subsidiary, funskool, manufacturing toys in a joint venture with Hasbro
of USA. MRF is the only tyre company that manufactures pre-cured rethreading rubber
which is sold and serviced throughout India by Company-selected and closely supervised
franchisees.
MRF is also widely associated with world class sporting events. And from this
sporting dedication, was bom an extraordinary commitment - the MRF pace foundation. It
is a unique institution, with the legendary Dennis Lillie of Australia as its Director. The
pace foundation’s mandate is to scientifically train and produce world class bowlers for
Indian and international cricketing nations. The foundation had already contributed several
pace bowlers to the Indian cricket team and it now regularly receives trainees nominated
by various other countries, as well as established stars who want to perfect their fast
bowling skills.
Objectives are:
1. To determine the Market potentialMRF tyres in Gulbarga Tyres, Kalaburagi
city.
2. To find out the attributes which creates customer satisfaction among MRF tyre
users in Gulbarga Tyres, Kalaburagi .
3. To find out the satisfaction level of the customer with the MRF tyres.
4. To find out valuable suggestion form the customer.
TIRUVOTTIYUR (TN):
This is the first plant of MRF started on a small scale in 1963 withhand made machines for
manufacturing of tyres and expanded gradually. OTR (off the road) tyres used in mines are
manufactured besides Two wheeler and passenger segments.
KOTTAYAM (KERALA):
This plant was started in 1975. This plant is the home plant doing the mixing of stocks and
supply to all other plants. Truck/two wheeler segments are manufactured in this plant.
PCTR -Procured tread rubber is also produced here.
POND A (GOA):
MRF plant in Goa was started in the year 1971 at Usgao, adjacent to the National
Highway NH 4. The production commenced on Sep\ 29th \ 1971. Initially, the production
was limited to cotton fibers and flap’s but over a period of time, the MRF Goa unit has
grown into a vast organization for manufacture of truck tyres/ tubes employing a total of
1750 people as on date thus providing employment to a large number of people in Goa.
In MRF Goa unit the production department is the main department. The Head
Office Chennai mostly carries out the marketing function. The marketing team forecasts
the demand and then divides total amount of tyres required for the year based on the
capacity of each plant.
It is one of the six plants which boasts of the largest turnover of about 1400 crores. It is
employing around 1150 workmen, 300 staff and 300 trainees.
The Marketing department which is situated at the head office in Chennai forecasts the
demand for the tyres required to be supplied to all dealers and franchisee’s and then gives
the order for the production of tyres to all its plants which manufacture different
sizes/types of tyres.
The plant is so well located around the river bed of Mandovi that it does not face any
problems of being isolated from other industrial areas. Here the water supply is continuous
to the plant with a pressure of 100PSI which is much more higher than required. The
electricity supplied to the plant is always regular and the power cuts to MRF Ltd is very
low due to the high volume of production that takes place here. The government of Goa
supplies electricity to MRF Ltd at the best subsidized rates it could ever give to a super
large scale industry.
MRF has now undertaken the art and the challenge of producing tyres for heavy earth
movers like Bulldozers, Crane’s & special tyres for aircrafts which include the famous
Cheetah & Jaguar helicopters of our Indian Air Force.
MRF Goa & Arkonam plants have achieved milestone in becoming a “TPM” certified
company by japanese institute of management:
ARKONAM (TN):This plant was started in 1973. The major Passenger radial and bias
tyres /two wheeler segments are manufactured here. Besides this is the only plant carrying
out the Conveyor belting process in MRF.
MEDAK (AP):This plant was started in 1991. They have a product mix of all
truck/passenger/two wheeler/OTR/PCTR segments and is contributing the highest turnover
of all the other MRF plants.
PONDICHERY: This is the 6th plant of MRF started in 1998. The major segments like
Truck radials/passenger segments are manufactured here.
1949: Although the “factory” was just a small shed without any machines, a variety of
products ranging from balloon and latex-cast squeaking toys to industrial gloves and
contraceptives, were produced. During this time, MRF established its first office at 334,
ThambuChetty Street, madras (now Chennai), Tamil Nadu, and India.
1952:- MRF ventured into the manufacture of tread rubber. And with that the, first
machine, a rubber mill, was installed at the factory. This step into tread-rubber
manufacture was later to catapult MRF into a league that few had imagined possible.
1955:- MRF soon became the only Indian-owned unit to manufacture the superior
extruded, non-blooming and cushion-backed tread rubber, enabling it to compete with the
MNC’s operating in India at that time.
1961:- With the success achieved in tread rubber, MRF entered into the manufacture of
tyres. MRF established a technical collaboration with the Mansfield Tire & Rubber
Company of USA. Around the same time, it also became a public company. It set up a
pilot plant for tyre manufacture at Tiruvottiyur, Madras (now Chennai).
1963:- On June 12, 1963, India’s First Prime Minister, Late Pandit Jawaharlal Nehru laid
the foundation stone for the Rubber Research Centre at Tiruvottiyur to commemorate the
inauguration of the Tiruvottiyur factory.
1967:- MRF became the first Indian company to export tyres to USA - the very birthplace
of tyre technology
1980;- MRF entered into a technical collaboration with the B.F.GoodrichTyre Company of
USA, which was involved with the development of tyres for the NASA space shuttle.
1984:- Sales crossed INR Two Billion. MRF tyres were the first tyres selected for fitment
into the Maruti Suzuki 800 - India’s first small, modem car.
1987:- MRF crossed the INR three billion mark, becoming the No.ltyre company in India.
MRF Legend, the premium nylon car tyre was introduced.
1988:-The MRF PacoFoundation wan net up, with international pacc bowler, Dennis Lillee
as its Director. Not long thereafter, paccbowlerM trained at the Foundation were selected
for the Indian Cricket Team.
1989:-MRF launched the MRF ZigrtuiCC Radial together with the MRF World Series
Cricket Tournament for the Jawaharlal Nehru Trophy. The Chief Minister of Tamil Nadu,
Dr. M.Karunanidhi, awarded MRF the Special Export Award. MRF also opened the MRF
Tyredome, India's first tyre company-owned wheel care complex at Madras (now
Chennai).
1996:-In the Golden Jubilee year, MRF’s turnover crossed the INR 20 billion milestone.
1999:-MRF was declared the most ethical company by “Business World” magazine.
2011:- MRF commissioned its 8th plant for the production of conventional tyres in
Trichy(TN).
2013:- MRF's Aero Muscle becomes the only Indian tyre to be chosen for the legendary
fighter jet - Sukhoi 30 MK
2020:-MRF FY20 profit rises 25% to Rs 1,422 crore; govt's restriction on tyre import to
help industry
2021:-MRF the radial and bias tire manufacturing technologies is creating significant
potential for automotive tire
The Board of MRF Limited has committed to spend a sum of Rs.25 crores to support
various initiatives to address the exigencies arising out of the COVID pandemic.
COMPANY LOGO:
The mere mention of the word ‘MRF’ is bound to bring the muscleman
to the mind of Indians. The Muscleman was born in 1964, soon after
MRF began manufacturing tyres. Over the past 33 years, it has evolved
from a mere corporate mascot to a symbol of strength, reliability and
durability -embodying the very quality of the tyres it represent.
The Robotic muscleman introduced in the mid-80s, a sign of the changing times.
His new appearance was silent evidence to the determined spirit that carried MRF across
the INR 20 billion mark. The muscleman’s appearance changed once again in 1996,
MRF’s golden jubilee year. He started appearing in full form, and came to be known
affectively as the MRFTyreman by motorists across India and 65 countries worldwide,
which have to come to rely on him for a safe and comfortable ride.
NATURE OF BUSINESS:
MRP Ltd is a manufacturing company. It manufactures tyres to various
automobiles.
These are the following products produced by them:
Tyres
Tubes
Flaps
Leadership in technology
Excellence in manufacturing
World class systems
At the plant level, the respective senior general managers/general managers are
assigned the responsibility of earring out the quality system by collaberating with
corporate functions.
PRODUCT PROFILE:
These are the following products produced by them:
Tyres
Tubes
Flaps
PRODUCT
TYRES
Two–Wheelers,
Passenger cars,
Trucks, Buses,
Tractors,
Light Commercial Vehicles
Off–the–roadtyres. The major products include MRF Nyogrip for bikes, MRF
ZVTs and MRF Wanderers for cars and SUVs, MRF Meteor all terrain tyres, MRF Steel
Muscle for trucks and buses.[
MRF NYLOGRIP
Benefits Features
• Better stability • Front
Fitment
• Directional •
Unique tread pattern
• Extended shoulders •
Sharp cornering capability
• Round profile • Good maneuverability
• ‘Sticky’ compound • Good traction
ZVRL
FEATURES
Aggressive block pattern Computerized tread pitch sequence
BENEFITS
Good for On/Off Conditions
Quitter Ride
ZVTS
AVAILABLE SIZES
• 145/80R1274S ZVTS TL
• 155/70R13 ZVTS TL
• 155/80R13 ZVTS TL
• 165/65R13 ZVTS TL
• 165/80R13 ZVTS TL
• 175/65R1482T ZVTS HTL
• 175/70R1484T ZVTS YTL
• 185/60R14 ZVTS TL
• 185/65R1384H ZVTS TL
•185/60R14 ZVTS TL
• 185/65R1384H ZVTS TL
• 185/70R14 ZVTS
• 205/60R1387H ZVTS
ZSPORT
FEATURES
Receptive steering response
Low profile design for robust cornering power
Precise handling
Superior dry/wet braking
BENEFITS
Cruise with minimal steering or change lanes with precision with predictive
responses to steering input
Stay in complete control when rounding corners with superior handling
Treads designed to enhance your grip in all weather condition
AVAILABLE SIZES
• 205/ 55 / R15 88H TL
AVAILABLE FOR
• FIAT: LINEA / PUNTO
• FORD: FIESTA NEW / FUSION
• GM: OPTRA MAGNUM
• HONDA: HONDA CITY (Model 2014 & 2008) / JAZZ
• HYUNDAI: VERNA FLUDIC
• MARUTI: ERTIGA / SWIFT / DZIRE/ CIAZ SKODA: RAPID
ZGP TT
FEATURES
Bold block tread pattern
All-terrain tread compound
BENEFITS
Excellent even on rugged terrains
Enhanced breaking and stability
AVAILABLE SIZES
• 205/70R1498S ZGP TT
• 215/75R15 ZGP
• 235/70R16 ZGP TT
• 255/70R15 ZGP TT
• LT235/75R15 ZGP
Truck tyres
M-77
FEATURES
Angled shoulderlug& groove for better tyre life
Strong casing for better retreadability
BENEFITS
Sinusoidal centre rib for better rib life and uniform wear
Heavy intermediate ribs for extra mileage
AVAILABLE SIZES
• 9.00-20 16 PR
• 10.00-20 16 PR
• 11-20
• 12-20
• 12-24
S1T4
FEATURES
Strong casing for beterretreadability
Balanced rib type design to give excellent mileage
BENEFITS
Unique tread pattern design minimizes side sliding on wet road
AVAILABLE SIZES
8.25 R 20 PR
9.00 R 20 PR
AREA OF OPERATION:
MRF manufacturing plants in India located in Tiruvottiyur and Arakonam in Tamil
Nadu, Kottayam in Kerala, Ponda in Goa, Medak in Andhra Pradesh, and the most recent
one in the union territory of Pondicherry.
OWNERSHIP PATTERNS:
MRF LTD is a Private limited company.
Board of directors
Name Designation
K M Mammen Chairman and Managing director
K M Philip Whole Time Director
Ashok Jacob Director
Vijay R Kirloskar Director
Ranjit I Jesudasen Director
Salim Joseph Thomas Director
ArunMammen Managing Director
K C Mammen Director
V Sridhar Director
N Kumar Director
S SVaidya Director
COMPETITORS:
Major competitors in market are
1) Apollo Tyres
2) BalkrishnaInd
3) JK tyres & Ind
4) Ceat
5) TVS Srichakra
6) PTL Enterprise
7) Elgi Rubber
INFRASTRUCTURE:
1) Canteen facility
2) Medical centre
3) Training centre
4) Fire detection and suppression
5) Transportation facility
ACHIEVEMENTS/ AWARDS:
2001;-Won the JD award for the first time amd won APSC Rally with its Rally Team
2008:- MRF crossed Rs.5000 Crores turnover. Both Goa and Arkonam Plants were
awarded the prestigious TPM award by Japanese Institute of Management
2011;- MRF commissioned its 8th plant for the production of conventional tyres in
Trichy(TN).
2012;- MRF commissioned its 9th plant in Trichy (TN) solely for themanufacture of
Radial Tyre
2014;- MRF wins the APRC Championship for the 6th time
2015;-MRF breaks into Forbes India's Super 50 list of the best companies in India.
2016;- MRF wins the JD Power Award for a record 12th time in 16 years!
2017;- MRF jumps 5 rankings to garner a spot in the coveted list of Super 30 Companies
in India.
2017;- MRF climbs higher in the global rankings, to make it to the list of Top 15 Tire
Companies.
2017;- MRF featured in the esteemed Brandz list of Top 50 Valuable Indian brands.
2017;- MRF claims a position in Business World’s list of the Fastest Growing Companies.
2017;- Gaurav Gill of Team MRF claims the Coffee Day Rally and with it his 3rd APRC
crown.
2018;- The JD Power Award comes home for the 13th time
Company has already has taken expansion in other plants and also in Goa plant.
New plant, green field project Trichi is underconstruction. Meddiak MRF project has to
achive turnover of 10000 crores by year 2011, as of now having turnover of 2600 crores,
with expansion project.
7S model is an anthropological way to understand culture. The model shows that corporate
success requires the development of both the hard Ss (strategy, structure, and systems) and the soft Ss
(style of leadership, skills, stakeholder values, and shared values)
The 7S are:
Structure:
The framework in which the activities of the organization's members are
coordinated. The four basic structural forms are the functional form, divisional structure,
matrix structure, and network structure.
Skills:
What the company does best; the distinctive capabilities and competencies that I
reside in the organization.
Skill implemented in MRF has been divided into 3 levels. They are
Levels Occupations Qualifications
Top level Managers, CEO, Chairman MBA, M.Tech, MCA
Middle level HOD’s, Assistant Managers, Supervisors LLB, B.com, B.E
Lower level Labours, Helpers and etc ITI, Diploma, PUC II
Style:
Strategy:-
The route that the organization has chosen for its future growth; a plan an
organization formulates to gain a sustainable competitive advantage...More
System:-
The formal and informal procedures, including innovation systems, compensation
systems, management information systems, and capital allocation systems, that govern
everyday activity.
Staff:-
The organization's human resources; refers to how people are developed, trained,
socialized, integrated, motivated, and how their careers are managed.
Shared values:
Originally called super ordinate goals; the guiding concepts and principles of the
organization - values and aspirations, often unwritten - that go beyond the convention a
statements of corporate objectives; the fundamental ideas around which a business is built;
the things that influence a group to work together for a common aim bureaucratic
Structure: MRF organization has a bureaucratic structure that has highly task achieved
through specialization, formulized rules and regulation, task grouped into functional
departments and decision making that follows the chain of RSI Thus the main advantage of
this structure Is that it helps to perform standardized activities in a highly effective manner,
thus resulting in economics of scales.
Work Specialization: MRF truly believes in work specialization where in the work
in the organization is divided into separate units where in each employee are skilled and do
a specific job thus doing it very effectively and efficiently.
Chain of Command: MRF has an unbroken line of authority tat extends from the
top of the organization to the lowest and clarifies that who reports to whom. Each manager
is given a degree of authority in order to meet his or her responsibilities. Thus the authority
enables the [managerial position to give orders and to expect the orders to be obeyed.
They also provide the employees with the basic training and they are appointed for.
The basic training includes the following:
Process knowledge
Communication to subordinates
Safety knowledge
Manpower handling
Quality parameter
Record maintenance
Inventory maintenance
Purchase maintenance
Certification knowledge
Quality Department:
A stringent quality control procedure is followed at MRF. The Quality control
activity has been ably supported by top class testing instruments in the well equipped,
Material testing Laboratory.
Finance Department:
Finance department is one of the important sec tor in any organisation. p|mctions
that are carried out by finance department of MRF (Goa unit)
Payment of bills: Finance dept need to check, varify and finally pay the bills right
from transportation bills to telephone bills.
Salary and wages: Need to pay employess and workmen. Maintenance of records,
maintain the records in such a way that they can be produced as an when required. Daily
transactions’ like payment to labours and supplier.
Shipping Department:
MRF maintains a separate storage department. The storage department can store the
produce of 3 days. The products are checked before they are shifted to the shipping
department and also rechecked before they are dispatched.
SKILL:
Skills include those characteristics that a company feels the employees must posses
to carry out the work efficiently as well as effectively in key positions.
STYLE:
Style of management refers to how the management collectively manages the
functioning of various departments and how much importance is given to the employees in
decision making. Style impacts the norms people follow and how they work and interact
with each other and with customers. It also shows how managers spend their time in taking
care of his subordinates’ requirements and also the attention on the working of the
subordinate. It also refers to pattern of action among the employees in the organization.
B) Participative:
The subordinates are encouraged to talk to their heads about any topic at any time.
While setting targets the superior and subordinates sit together, discuss and decide on the
targets for the day. The employees are also free to express their opinions about the
organizations working to their heads who then forwards to the concerned department. This
aspect clearly shows that the management is allowing the ’Participation’ of employees in
the overall development of the organization.
The best example for this is that the management is providing prizes for the best
suggestions given.
STRATEGY:
Strategy refers to the determination of the purpose and the long term basic
objectives of an enterprise, and the adoption of courses of action and allocation of
resources necessary to achieve these aims.
Strategy is a plan that an organization formulates to gain a sustainable advantage
over the competition. Strategy is an art of devising and employing a system of
activities that mobilizes all resources towards the goal. In other words, the route
that the organization has chosen for its future growth; a plan and organization
formulates to gain a competitive advantage.
Strategy to bridge the gap between customer needs and availability of raw material.
Strategies to retain the customers or maintain good relationship with the customers.
Strategies for reducing defects accidents and break downs.
SYSTEM:
Material issue system: FIFO
ABC technique for engineering goods.
Use of SAP ie.System Application and Product in Data Processing software that
stores the data. It is centralized software used in all units of MRF. Using SAP at
any movement position of party, receipt and payment, pending bills and other
information can be accessed.
STAFF:
The manpower in the organization has been divided based on the responsibilities
and also on the basis of their functional departments
SHAREDVALUES:
System based on. transparency and trust.
Long term relationship with the Customer.
High concern for quality, safety and work environment
Achieving organizational growth through excellence.
Maintenance of contract.
Disciplined and systematic working
SWOT ANALYSIS:
Weakness:
Absenteeism among the workers in off seasons, weekends, etc.
Breakdown of machinery acts as a major cause of worry to the Production
department/injury to the workers on the job site.
Many competitor’s are on the rise in tyre industries.
Opportunities:
Technological advancement will help in further development in production and
security measures.
The government has focused on the development of infrastructure, particularly inter
(O) city roads. This development is favorable to the tyreindustry as it will
accelerate demand.
Due to the goodwill of the company the sales growth per quarter is more
theexpected.
The company is trying to produce Eco-friendly tyres with the help of the
Government.
improvededucation and awareness among the students of near by villages which
will enhance the goodwill of the firm.
Threats:
Competitors in the market like Apollo, JK tyre, Ceat etc..
Retention of market share in North India is under pressure.
Maintaining good quality products with competitive prices in the current market.
Inferior Chinese tyres continue to enter into the Indian tyre market. These tyres are
priced
low to attract customers. Whilst the government cannot stop import of Chinese
tyres due to bilateral trade agreement, the unfair trade practice should be checked
by higher import duties or anti dumping tariff.
CHAPTER-IV
DATA ANALYSIS AND
INTERPRETATION
CHAPTER-IV
Table No.4.1:
Gender wise classification of respondents
From the above table it was found that 87 percent respondents were male, 13 percent respondents
were female.
Graph No.4.1:
Gender wise classification of respondents
100
87
90
80
No. of Respondents
70
60
50
40
30
20 13
10
0
Male Female
Gender
Male Female
Table No.4.2:
Age wise classification of respondents
From the above table it was found that 56 percent respondents were belongs to the age group of 20-
40 years, 34 percent respondents were belongs to the age group of below 20 years 08 percent respondents
were belongs to the age group of 40-60 years and 02 percent respondents were belongs to the age group of
above 60 years.
Graph No.4.2:
Age wise classification of respondents
100
90
80
No. of Respondents
70
56
60
50
40 34
30
20
8
10 2
0
Below 20 years 20-40 years 40-60 years Above 60 years
Age
Table No.4.3:
Qualification wise classification of respondents
From the above table it was found that 65 percent respondents were graduate, 17 percent
respondents were under graduate, 12 percent respondents were post graduate and 6 percent respondents were
others.
Graph No.4.3:
Qualification wise classification of respondents
100
90
80
No. of Respondents
70 65
60
50
40
30
20 17
12
10 6
0
Under graduate Graduate Post graduate Others
Qualification
Table No.4.4:
Occupation wise classification of respondents
From the above table it was found that 32 percent respondents were students, 27 percent
respondents were businessman, 21 percent respondents were profession, 15 percent respondents were
agriculturist, 03 percent respondents were house wife and 2 percent respondents were others.
Graph No.4.4:
Occupation wise classification of respondents
100
90
80
No. of Respondents
70
60
50
40 32
30 27
21
20 15
10 3 2
0
Students House wife Business Profession Agriculturist Other
specify
Occupation
Table No.4.5:
Monthly income wise classification of respondents
From the above table it was found that 46 percent respondents monthly income was below Rs.
20,000, 37 percent respondents monthly income was Rs. 20,000 to 40,000, 14 percent respondents monthly
income was Rs. 40,000 to 60,000 and 3 percent respondents monthly income was above Rs. 60,000.
Graph No.4.5:
Monthly income wise classification of respondents
3
14
46
37
Below Rs. 20,000 Rs. 20,000 to 40,000 Rs. 40,000 to 60,000 Above Rs. 60,000
Table No.4.6:
How long have you been using MRF Tyres
From the above table it was found that 44 percent respondents were using MRF Tyres from last 4-6
years, 38 percent respondents were using MRF Tyres 2-4 years, 15 percent respondents were using MRF
Tyres from last 2 years and 3 percent respondents were using MRF Tyres more than 6 years.
Graph No.4.6:
How long have you been using MRF Tyres
100
90
80
No. of Respondents
70
60
50 44
38
40
30
20 15
10 3
0
0-2 years 2-4 years 4-6 years More than 6 years
Using Appolo Tyres
Table No.4.7:
Source of awareness
From the above table it was found that 56 percent respondents were aware about MRF Tyres from
friends & relatives, 37 percent respondents were aware by TV ads, 05 percent respondents were aware by
print media and 02 percent respondents were aware by MRF Tyres dealers network.
Graph No.4.7:
Source of awareness
100
90
No. of Respondents
80
70
60 56
50
37
40
30
20
10 5 2 0
0
TV ads Friends & Print media Dealer Outdoor
relatives networks publicity
Source of awareness
TV ads Friends & relatives Print media Dealer networks Outdoor publicity
Table No.4.8:
Most effective media among the alternative
From the above table it was found that 53 percent respondents opined that tv adds was the most
effective media 32 percent respondents opined that friends and relative was the most effective media 10
percent respondents opined that print media was more effective and 5 percent respondents opined that dealers
networks was most effective media.
Graph No.4.8:
Most effective media among the alternative
100
90
80
70
No. of Respondents
60
53
50
40
32
30
20
10
10 5
0
0
TV ads Friends & Print media Dealer networks Outdoor publicity
relatives
Media
TV ads Friends & relatives Print media Dealer networks Outdoor publicity
Table No.4.9:
Respondents purchase MRF Tyres
From the above table it was found that 61 percent respondents had purchased from others and 39
percent respondents had purchased from MRF Tyres.
Graph No.4.9:
Respondents purchase MRF Tyres
39
61
Table No.4.10:
Attributes for purchasing MRF Tyres
From the above table it was found that 35 percent respondents attribute for purchase was brand
image, 26 percent respondents purchased due to price, 20 percent respondents purchased due to features, 11
percent respondents had purchased due to was looks and 08 percent respondents purchased due to other
specific.
Graph No.4.10:
Attributes for purchasing MRF Tyres
100
90
80
No. of Respondents
70
60
50
40 35
30 26
20
20 11 8
10
0
Brand image Price Looks Features Others specify
Attributes
Table No.4.11:
Mode of purchase
From the above table it was found that 56 percent respondents mode of purchase was finance and 44
percent respondents mode of purchase was cash.
Graph No.4.11:
Mode of purchase
44
56
Cash Finance
Table No.4.12:
Respondents experience at service
Actual score
Likert’s scale = 100
Expected score
279
= 100
400
= 69.75%
From the above table & calculation of Likert’s scale it was found that 69.75 percent
respondents had good experience at service.
Table No.4.13:
Respondents opinion towards advertisement campaign
Actual score
Likert’s scale = 100
Expected score
340
= 100
400
= 85%
From the above table & calculation of Likert’s scale it was found that 85 percent
respondents had opinion that advertisement campaign was very good.
Table No.4.14:
Respondents recommend to their friends and relatives
From the above table it was found that 53 percent respondents had recommend to friends and
relatives and 47 percent respondents had recommending to their friends and relatives.
Graph No.4.14:
Respondents recommend to their friends and relatives
47
53
Yes No
CHAPTER-V
CHAPTER-V
5.1 FINDINGS
15. From the study it was found that 47 percent respondents had recommend to their
friends & relatives.
5.2 CONCLUSION
The study conducted with the view that the Tyres market is highly growth oriented
where survival is defined factor. Almost all people where aware and buying Tyres and
most of them were the regular customers of MRF Tyres Discover Tyres. It had got loyal
customers and it would easy for MRF Tyres Discover Tyres to retain its customers.
In Kalaburagi City, compare to other Tyres, MRF Tyres Discover Tyres is in well
position so, organisation strive for maintaining that position in the market in the future
course of time.
5.3 SUGGESTIONS
1. MRF Tyres Discover Tyres should improve its delivery services so, that every rider
can get the Tyres in time.
2. MRF Tyres Discover Tyres should convenience its customer that it believe in
“customer is the boss” concept. It helps in retaining its customer and their loyalty.
3. New technological advancements in respect of coverage, service, quality and price
should adopted by it.
4. MRF Tyres Discover Tyres should get the feeds act of its customer regarding its
services.
5. MRF Tyres Discover Tyres should increase its market share by extending its
operations by adopting penetrating pricing policy.
6. Improvement should be made in coverage of MRF Tyres Discover Tyres by
increasing its communication channels.
5.4 BIBLIOGRAPHY
BOOKS:
Philip Kotler (2004), “Marketing Management”, North Western University,
Prentice Hall of India Pvt. Ltd., New Delhi, P.No. 04-09.
Leon G Schiffman Leslie Lazar Kanuk, “Consumer Behaviour”, City University of
New York, Prentice Hall of India Private Limited, New Delhi, P.No. 30-35.
Websites:
www.mrftyres.com
https://m.mrftyres.com/milestones-2001
https://en.wikipedia.org/wiki/MRF_(company)
5.5 ANNEXURE
QUESTIONNAIRE
1. Name: __________________
2. Gender:
a) Male [ ] b) Female [ ]
3. Age:
a) Below 20 years [ ] b) 20-40 years [ ]
c) 40-60 years [ ] d) Above 60 years [ ]
4. Qualification:
a) Under Graduate [ ] b) Graduate [ ]
c) Post graduate [ ] d) Others [ ]
5. Occupation:
a) Student [ ] b) Housewife [ ]
c) Business [ ] d) Profession [ ]
e) Agriculturist [ ] f) Other (specify) [ ]
6. Monthly Income?
a) Below Rs. 20,000 [ ] b) Rs. 20,000 to 40,000 [ ]
c) Rs. 40,000 to 60,000[ ] d) Above Rs. 60,000 [ ]
7. How long have you been using MRF Tyres?
a) 0-2 years [ ] b) 2-4 years [ ]
c) 4-6 years [ ] d) More than 6 years [ ]
8. Which is the most effective media among the alternatives?
a) TV Ads [ ] b) Friends & Relatives [ ]
c) Print Media [ ] d) Dealer networks [ ]
e) Outdoor Publicity [ ]
9. From where did you purchase MRF Tyres?
a) MRF Tyres [ ] b) Others [ ]