Slogans, Name, Logos, Packaging, Features, Sizes, Options, Services, Style, Returns. Price: Based on Cost and Positioning (List price, Discounts, Allowances, Payment period, Credit terms). Place( distribution): How you will bring your product together with your customers. Promotion: There are many promotional activities you can undertake including: Advertising, Publicity, Sponsorship, Sales promotion, Personal selling, Direct Marketing, Internet Marketing. TATA Nano Contents Idea Generation Product Specification Product Features Pricing Promotion Post purchase service Future2020 TATA Nano Idea Generation
“I saw families riding around
on scooters with kids standing up and the mother carrying a baby sitting pillion and decided to do something about it. It started as a quest for an affordable transportation solution”. - Ratan Tata TATA Nano Segmentation : Variable use Geographic : Rural and Urban Demographic : Family size and income Behavioral : Benefit and user status Target Market : Executive two wheeler segment, second hand car user, middle and lower income groups. Positioning : TATA intends to place in the minds of
consumers as “ The People’s Car”
Strategic options : Undifferentiated marketing TATA Nano Product Specifications Safety : Car exceeds current regulatory requirements with a strong passenger compartment, crumple zones, intrusion resistant doors, seat belts, strong seats and anchorage.
Nearest Domestic Car Rival : Maruti 800, part of Japanese-
owned Suzuki which is nearly double the price of the Nano.
Nearest International Rival : China’s Cherry QQ.
TATA Nano Product features Length : 3.1 mtrs Wide : 1.5 mtrs Height : 1.6 mtrs Weight : 600 kgs Mileage : 20 Kmpl Fuel tank : 15 Ltrs Engine : 624 cc Top speed : 95-100 kph Ground clearance : 180 mm Gear box : 4-speed TATA Nano Comparison Brand Model Varia Engine CC Power AC Price nt Cylinder (Lakhs) Tata Nano Basic 2 623 35 No 1.3
Tata Indica Xeta 4 1193 65.3 Yes 2.82
Maruti 800 Std 3 796 37 No 2.00
Maruti Alto Std 3 796 35 No 2.26
Hyundai Santro Xing 4 1086 62 Yes 3.25
GL Chevrolet Spark Std 4 995 63 Yes 2.70 TATA Nano Pricing Strategy Though the one lakh price tag was not fixed by the TATA group, it was through the word of mouth of people which fixed that range. This expectation of people creates a big challenge for the company. To accept this challenge the following strategies were followed : Target costing method Penetration pricing Low pricing policy with minimum profit margin TATA Nano Promotion activities Publicity reduces the necessity of promotional devices for the TATA Nano. The Nano got publicity in the following ways: Publicity as “One lakh car” by word of mouth Auto Expo 2008,New Delhi and Geneva auto show Publicity through print and electronic media Singur protest. TATA Nano Promotion activities For other type of promotional activities, the cost factor that is the 1 lakh price tag is to be kept in mind. TATA is about to launch Nano mobiles for Indicom users, Nano watches and T-shirts available in Westside stores.
Advertising : Promotion via TV and other mass media
is less emphasized, thus too much money is not invested in this regard. Mainly word of mouth advertising is more emphasized. TATA Nano Promotion activities Internet is the major medium of Advertising
Online buzz : Nano has gone beyond the traditional
methods of advertising and promotion online.
Social Media communities :
Official Orkut community with over 7000 members. Official Facebook group fans with over 5000 members. One of the highest view counts on You Tube. TATA also has a blog on their website. TATA Nano Post purchase service Since TATA provides this car at an affordable price, it may not give the same service like other auto companies do. However, its post purchase services are certainly better than a costlier bike.
Customers will get minimum 3 services free from
TATA in any of its servicing centers in India. TATA Nano Future 2020 TATA Nano Future 2020 TATA Nano Thank You