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MBA-112 INTERNATIONAL MARKETING STRATEGY
The MINI is a small car that was made by the British Motor
corporation(BMC) in 1959.
In 1992, the MINI was voted for the second most influential car of the
20th century.
Now BMW group is the current owner of the MINI. The brand name for
the new car is BMW MINI and it is called as “New MINI’’.
MINI is selling cars worldwide and now MINI decided to launch MINI-
E in INDIA (ASIA).
The following paper will attempt to provide its user with analytical data
of the current Indian market and how the MINI car will perform there
with its past experience.
Sales Units of Passenger cars in India for 5 Years
Year Sales (In millions) Growth Rate(In %)
2009 1.43 19.20
2008 1.20 2.50
2007 1.17 15
2006 1.02 20
2005 0.85 6.3
To sell 1000 cars per month by the end of 2014 in India.
The business may set an objective to grow by 10% year on year for next
5 years in India because the CAGR of passenger car in the India for the
last 5 years is 13%
To survive from current market share of passenger car in India.
Quarterly goals of 80% of the mechanical staff trained by June, 2012.
We are targeting people between the age of 22-28 years old.
MINI car is the one of the largest car manufacturer in the world. It
has wide auto mobile market in the Europe market but now it is
considering to create a wide market in the Asia by providing good
product and customer facility.
Vision:
Vision of the MINI is up to 2015 ‘‘ To be the most successful
premium small car in the industry’’.
Values:
Customer satisfaction is our motto so we would like to provide
good customer service according to the customer demand, customer
focus and creativity and our integrity will never compromise.
Competition
Electric car competitor
Reva NXG and Reva NXR
Fuel car competitors
Maruti Suzuki Swift,
Skoda Fabia,
GM Aveo U-VA,
Honda jazz
Company
The MINI brand wins hearts and turns heads. MINI is refreshingly
different: extroverted, spontaneous and in every respect something out of
the ordinary.
Customers
The person that appreciate, and is willing to pay for , the ‘‘ Ultimate
Driving Machine’’.
Complements
Entering into the Indian market, we would like to introduce our electric
model (MINI-E) , which might well turn out to be the world's
famous electric car.
Culture
Ideal for a society that was young, unconventional and ready for change,
the MINI-E became a remarkable vehicle in the Twentieth and Thirties.
MINI-E is part of a lifestyle that is cosmopolitan and confident, ready for
everything.
PORTER five forces is framework for industry analysis and business strategy
Development developed by Michael E porter of Harvard business school in 1979.
Porter’s five forces include- three forces from “HORIZONTAL” competition i.e.
threat of substitute products, threat of establishing rivals & threat of new Entrants
and two forces from “VERTICAL” competition i.e. bargaining power of Suppliers &
bargaining power of customers.
THREAT OF NEW ENTRANTS
Profitable markets that yield high returns will attract new firms. Hence, the
introduction of BMW's MINI E will ensure a new segment to be created
for Indian car buyers.
Being an electric version, it will be the first car to focus on environment
control unlike other regular car manufacturers.
It would be MINI E's biggest challenge to break into the current
manufacturer's loyal customers
MARKET POSITIONING
Positioning is the process by which marketers try to create an image or identity in the minds of their
target market for its product, brand or organization. And as we all know BMW is big brand, and
MINI-E is part of that group.
These are some basis for constructing a MINI-E’s position in the market.
Positioning on specific product features
The main feature of MINI-E is electrical car so its eco-friendly car.
Positioning on specific benefits, needs, or solutions
MINI-E is eco-friendly small car. The customer who believe in personality and status for them
MINI-E is easy to drive in traffic and city on regular basis.
Positioning on specific usage occasions
MINI-E is small electrical car so professional class people can use it on daily basis for going to job
of work place.
Positioning against another product
REVA car is also electrical small car which running on Indian market. So we would like to put
MINI-E against that car in the market.
Environmental Scan
The Automobile industry in India is the seventh largest in the world with an
annual production of over 2.6 million units in 2009. In 2009, India emerged
as Asia's fourth largest exporter of automobiles, behind Japan, South Korea and
Thailand.
Maruti Suzuki’s strength lies in its wide range of small car models and Luxury
cars have excellent demand growth in car market. Those two things are main
things to consider for new car company to enter in Indian market. And our car
MINI-E got that two things plus one more great advantage of electrical car. So it
will be a successful car in Indian market.
By 2009 it is predicted that 135,000 Indians will earn more than €95,200 a year.
13 million cars on Indian roads by 2010
1.35m cars sold in India each year
4,500 luxury cars sold in 2009
97% of cars sold cost less than €15,000
WEBSITE
http://www.indiaautomotive.net/2009/09/recc-to-unveil-reva-nxr-reva-nxg-at.html
http://www.wordiq.com/definition/Market_segmentation
http://www.dhi.nic.in
http://www.minieducation.co.uk
http://www.bmwgroup.com
http://business.timesonline.co.uk/tol/business/industry_sectors/engineering/article1588286.ece
BLOGS
The term was coined in 1969 by Jack Trout in his paper: Trout, J., ""Positioning" is a game people
play in today's me-too market place", Industrial Marketing, Vol.54, No.6, (June 1969), pp.51-55.
For automobile sales and export data: Society of Indian Automobile Manufacturers (SIAM)
For auto component revenue and export data: The Automotive Component Manufacturers Association
of India (ACMA).
India automobile study 2009 KPMG.
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