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Sukesh Mini Final Project TESA
Sukesh Mini Final Project TESA
Submitted by
SUKESH.N
(713521BA882)
Of
(Autonomous Institution)
JUNE 2022
1
SNS COLLEGE OF TECHNOLOGY
(Autonomous Institution)
SUKESH.N(713521BA882)
Master of Business
Administration during the year
2021-2023
I also declare that this is my own work and has not been submitted for the award of
any other degree/diploma or other titles of any other universities.
Date: SUKESH.N
(713521BA882)
3
ACKNOWLEDGEMENT
I would like to acknowledge the immense help of all those who contributed
with their valuable suggestion and timely assistance to complete this work. I thank
the almighty god for the blessings that have been showered upon me to complete
the Summer Internship successfully.
SUKESH.N (713521BA882)
4
TABLE OF CONTENTS
ABSTRACT 7
LIST OF FIGURES 8
LIST OF TABLES 9
1. INTRODUCTION 10
1.1 LIMITATIONS 11
1.2 OBJECTIVES 11
2. ABOUT THE COMPANY 12
3. LITERATURE REVIEW 13
4. RESEARCH METHODS 15
5
5.2 AGE OF THE RESPONDENTS 19
5.3 WHY DID YOU PURCHASE CEAT TYRES 20
5.4 HOW WAS YOUR EXPERIENCE ON CEAT TYRES 21
5.5 DO YOU FIND CEAT TYRES PRICE REASONABLE 22
5.6 HOW DO THE TYRES PERFORM 23
5.7 HAVE YOU FACED ANY PROBLEM USING THIS 24
TYRES
5.8 WILL YOU RECOMMEND CEAT TYRES TO YOUR 25
FRIENDS AND FAMILY
5.9 AFTER USING CEAT WILL YOU FURTHER 26
PURCHASE THE SAME OR MOVE ON TO SOME
OTHER BRANDS
5.10 DO YOU THINK CEAT PROVIDES THE BEST
27
TYRES
5.11 WILL THE ADVERTISEMENT INFLUENCE
28
YOU TO BUY CEAT TYRES
6. 6.1 FINDINGS 29
6.2 SUGGESTION 30
7. CONCLUSION 31
APPENDIX 32
6
ABSTRACT
in general I will be discussing how CEAT has become the largest global
Tyre producer and prepared a custo8mer review for CEAT. In this customer
survey we will come to know about how CEAT has become very popular
between the customers and the customers like and dislikes of the products of
Today CEAT marks the highest exports from India to Over 130
countries . CEAT accelerates movement with the finest tires known for their
durability smooth ride and secure grip on roads. CEAT produces about
140000+ tyres per day and has about 6 manufacturing plants across India.
7
TABLES
FIGURE PAGE
TITLE
NO. NO.
8
LIST OF FIGURES
PAGE
FIGURE NO. TITLE
NO.
9
CHAPTER 1
INTRODUCTION
CEAT Limited is a part of the RPG Goenka group. It is the second largest tyre
manufacturer in the country after CEAT. It manufactures over 10 billion tyres
every year & enjoys a major market share in a light truck and truck tyre market.
CEAT Limited offers widest range of tyres to all user segments and
manufacture World class radial for all Indian vehicles including: heavy duty
trucks and buses, light commercial vehicles, earthmovers, forklifts, tractors,
trailers, car, motorcycles, scooter and auto rickshaws.
10
1.1 LIMITATIONS
1.2 OBJECTIVE
11
CHAPTER 2
The company was founded as Cavi Elettrici Affini Torino (Electrical Cables
and Allied Products of Turin) by Virginio Bruni Tedeschi in 1924,
in Turin, Italy. On 10 March 1958, the company was incorporated as CEAT
Tyres of India, in Mumbai. Initially, the company collaborated with the Tata
Group. In 1972, the company set up a research and development unit
at Bhandup. In 1981, Deccan Fibre Glass Limited was merged with the
company.
In 1982, RPG Group acquired the company, and in 1990, the company was
renamed as CEAT. In 1993, the company collaborated with Yokohama Rubber
Company, to manufacture radial tyres at their Nashik unit. In 1999, CEAT
formed a joint-venture, named as CEAT Kelani, with Asia Motor
Works (AMW) and Kelani Tyres, to manufacture and market CEAT tyres in Sri
Lanka. in 2006, CEAT Kelani commissioned their first Sri Lanka-based radial-
tyre manufacturing unit in Kalutara. In 2009, AMW exited the joint-venture.
12
CHAPTER 3
LITERATURE REVIEW
• Author(s):
The Indian Tyre industry derives its demand from the automobile
industry. While OEM (Original Equipment Manufacturers) market off take is
dependent on the new vehicle sales. Replacement market demand depends
on the total population of vehicle on road, road conditions, vehicle scraping
rules, overloading norms for trucks, average life of tyres and prevalence of
tyre retrading. The main category of tyre produced in the country is that of
Truck & Bus tyres. Indian tyre industry, comprising of 40companies (47
factories) in the organized and unorganized sector, account for over 80% of
industry turnover and have a well diversified product-mix and presence in all
three major segments , Replacement Market, Original Equipment
Manufacturers (OEM's) and Exports. This paper focused to study the
purchasing behavior of Heavy and Light Commercial vehicles owners in
Replacement tyres.
• Author(s) :
13
CBL. In the fifth phase some analysis & findings are shown. At the last
phase, end up with some own recommendations ,conclusion, references and
included appendix. CEAT Limited turning to establish themselves as a leading
brand, currently they are in growth position. In mostly focused on truck-bus
tyre segment. At present CEAT’s placement expend to five different region
likes- Dhaka, Bogra, Chittagong, Sylhet, Jossore. Mother warehouse located at
Chittagong, main distribution operating from there.
Initially I find out the market share through vehicle fitment survey, then met
with dealer to know their market potentiality and also met with big customers to
know their brand preferences and other expectations. During my three months
internship period I also worked in Bogra for the last one month. There I
gathered 82 customers’ data through direct and indirect communication. Also
influenced them to buy CEAT tyres and informed the warranty level. CEAT
extends their services to compete with major competitors, included different
competition program. Integrate different promotional programs like customer
engagement event for truck owner, driver. CEAT forecast human resources for
factory plant and developing other external setup. Try to ensure proper labour
code of conduct analysis of entire tyre market of perspective of CEAT Limited.
For ease of understanding this report is segmented into six phase. First
phase contains CEAT’s overview, mission-vision, objective, values and other
related issues. Next phase of the report demonstrates the job description,
14
CHAPTER 4
RESEARCH METHODOLOGY
1. Primary data
2. Secondary data
15
4.1.2 Secondary Data
1. Journals
2. Websites
3. Research Paper
4. Articles
With the help of the questionnaire, it comes to know that how people react
to CEAT and their products and how CEAT sustains in the market.
16
4.4 STATISTICAL TOOLS USED
1. Percentage analysis
CHAPTER 5
The collected 43 data were cleaned properly and analyzed using suitable
statistical tools like percentage analysis and Comparison of data with Bar Chart.
The percentage analysis and weighted average ranking have been used to analysis
the data.
17
5.1 GENDER OF RESPONDENTS
Total 43 100%
1
Gender
Number of
Respondents
Percentage
INTERPRETATION
The Table 5.1 shows the number of gender male, female. From that 43 respondents there
are 6 females, 37 males.
The Figure 5.1 indicates the percentage of comparing the gender male and female , most
of the users are males with 86.05% followed by females with 13.95% .
Hence, it can be concluded that the majority (86.05%) of the respondents are male.
18
5.2 AGE OF THE RESPONDENTS
Age is an important variable in decision making. Preference may different from one
group to another group. Thus analysis based on age group may give vital result. The following
table shows the age of respondents
Number of Respondents
15 to 25 years
25 to 40 years
Above 40
INTERPRETATION
The Table 5.2 shows that from the 43 respondents most ceat users are from the age group
of 15 to 25 with 81.39% and rest 18.60% are from the age greater than 25.
Hence, it is concluded that the majority (81.39 %) of the respondents are belong to age
group of 15-25.
19
5.3 Reason for purchasing CEAT Tyres
Number of Respondents
Life Time
Quality
Affordable Price
None of the above
INTERPRETATION
The Table 5.3 shows the reason for purchase of ceat tyres . 29 for its Quality , 10 for its
lifetime and 3 for its price
The Figure 5.3 indicates the percentage of reason for purchase of ceat tyres . 67.44%
for its quality , 23.26% for its lifetime and 6.98% for its affordable price
Hence, it is concluded that the majority (67.44%) of users prefer it for its quality
20
5.4 How was the experience using CEAT Tyres
Satisfied
Highly Satisfied
Neutral
Dissatisfied
Figure 5.4
INTERPRETATION
The Figure 5.4 indicates the percentage of how was the users experience with ceat tyres
in which 60.47% are satisfied and 32.56% are highly satisfied
The Table 5.4 shows the number of respondents who are highly satisfied and satisfied
with the usage of ceat tyres
Hence, it is concluded that the majority (60.47%) of the respondents are satisfied with
ceat tyres
21
5.5 Do you find CEAT Tyres price reasonable
Too High
High
Reasonable
INTERPRETATION
The Table 5.5 shows that whether the price of ceat tyres are affordable by all in which
about 26 find the price reasonable within the 43 respondents
The Figure 5.5 indicates that 60.47% of users find ceat tyres price reasonable and
25.58% find them to be high
.Hence, it is concluded that the majority (60.47 %) of the respondents are satisfied.
22
5.6 How do the CEAT Tyres perform
6
Good
Not bad
Bad
37
INTERPRETATION
The Table 5.6 shows the performance level of ceat tyres where 37 respondents has told that the
performance of ceat tyres is good and rest 6 has said not bad
The Figure 5.6 indicates that 86.05% feels good with the performance of ceat tyres .
Hence, it is concluded that the majority (86.05 %) of the respondents are happy with ceat tyres .
23
5.7 Do respondents face any problem using ceat tyres
The following table shows whether the users have faced any problems with ceat tyres
INTERPRETATION
The Table 5.8 shows whether the customers have faced any problem using ceat tyres and where
34 respondents have no problems with ceat tyres and rest 9 respondents have faced some
problems
The Figure 5.7 indicates that the maximum of 79.07% users have no problem in using ceat tyres
and rest 20.93% have faced some problems .
Hence, it is concluded that the majority (79.07 %) of the respondents have no problem
using ceat tyres .
24
5.8 Will the respondents refer CEAT Tyres to their family and friends
Number of
S.no Recommendation Percentage
Respondents
1 Yes 38 88.37%
2 No 5 11.63%
Total 43 100.0%
Table 5.8
1
2
Figure 5.8
INTERPRETATION
The Table 5.8 shows that how much people would recommend ceat tyres to their families
and friends after using , 38 respondents have accepted that they would prefer ceat tyres for their
families and friends
The Figure 5.8 indicates that 88.37% of users would recommend ceat tyres for their
families and friends
Hence, it is concluded that the majority (88.37 %) of respondents would recommend cest
tyres to their families and friends
25
5.9 After using CEAT tyres whether the customers remain the same or move
on to some other brands
Table 5.9
Figure 5.9
INTERPRETATION
The Table 5.9 shows that whether the customers would remain the same or move on to
some other brands after using ceat tyres
In that 36 respondents has said that they would remain the same , rest 7 will move on to
some other brands ,
The Figure 5.9 indicates that 83.72% will remain the same .
26
5.10 Do you think CEAT provides the best tyres
Table 5.10
Figure 5.10
INTERPRETATION
The Table 5.10 shows the number of respondents who feel CEAT provides the best tyres
in which 41 respondents among 43 has accepted that ceat provides the best tyres
The Figure 5.10 indicates that 95.35% of users accept that ceat provides the best tyres for
their users
Hence, it is concluded that the majority (95.35 %) of the respondents feel that ceat gives
them the best tyres
27
5.11 Are the respondents influenced by the advertisements to buy CEAT
tyres
- Table 5.11
Figure 5.11
INTERPRETATION
The Figure 5.11 indicates that’s 72.09% of the users are influenced by the advertisements to buy
ceat tyres and rest 27.91% might be influenced by some other kinds .
The Table 5.11 shows that 31 respondents from 43 are influenced by advertisements to buy tyres
from ceat
Hence, it is concluded that the majority ( 72.09 %) of the respondents are influenced by
advertisements.
28
CHAPTER 6
6.1 FINDINGS
➢ 79.07 % of the respondents have not faced any problems using ceat tyres
➢ 88.37 % of the respondents will recommend ceat tyres to their family and
friends
➢ 95.55% of the respondents accept that ceat provides the best tyres
29
6.2 SUGGESTION
➢ The price of CEAT tyre is high compare with its competitor. So they should
decrease their price.
➢ They should improve their distribution channel so all people get its product
easily.
➢ They should also increase their promotional activity to attract more people to
use product.
➢ They should also increase after sales service to give more satisfaction and
attract new customer to use product.
30
CHAPTER 7
CONCLUSION
Ceat Ltd, one of the country’s major tyre manufacturers, is planning to increase
exports to markets in southeast Asia, Europe and the United States over the next
few years in a bid to improve its profitability. The company is also aiming to
improve its domestic market share in the passenger and commercial car segments.
“It is targeting a 3x increase in exports over the next five years ( ₹10.65 billion in
FY21). It is seeding the right markets, along with market-specific product
development. It is focused on passenger car radial tyres, truck and bus radial tyres,
and off the road tyres in Europe; two-wheeler tyres in southeast Asia; and off the
road tyres in the US. It would be selling through a local distributor, who would be
driving marketing," said analysts of Motilal Oswal in a note.
The company aims to maintain its leadership in the two-wheeler segment (at 28-
30%) and expand its dominance in the passenger car segment to 20% from the
existing market share of 13-15%, said the analysts further. In the truck and bus
segment, Ceat aims to increase its market share to 13-15% from 8% currently.
31
APPENDIX
QUESTIONNAIRE
1. Gender?
a. Male
b. Female
2. Age?
a. 15 to 25 years
b. 25 to 40 years
c. above 40 years
32
8. Have you faced any problems using this tyres?
a. Yes
b. No
a. Yes
b. No
10. After using ceat tyres will you further purchase the same or move to some other
brand?
a. Yes
b. No
33