Final Report Maruti Suzuki
Final Report Maruti Suzuki
Final Report Maruti Suzuki
JAMKASH VEHICLEADES
Jamkash vehicleades and highland are the two major dealership organizations
of maruti in Jammu & Kashmir. it’s an authorized service station of Maruti.
It was around 22 years back when it started it’s journey at B.C.Road. It is a
large group with six Maruti authorize dealerships and seven dealer
workshops and extension counters over J&K, Punjab and H.P. jamkash is
located 11 kms away from the city in Jammu. The various locations are as
under:
baramulla.
All the dealer workshops are equipped with the most modern machines and
best possible customer care facilities.
AWARDS
Jamkash has proved its excellence by winning so many awards. Following are
the awards won by jamkash vehicleades:
• Excellence in spare parts highest MGA off take per vehicle (>6000).
INTRODUCTION
Car manufacturing in India first began in late 1940s. Earlier a couple of cars
made by foreign technology were manufactured in India. But now, cars made
my Indian car manufacturers dominate the business.
The future of car manufacturing in India is bright. Sensing this, foreign car
manufacturers like Ford, Toyota, Hyundai, Suzuki, Honda and Skoda are
spreading their base in the country. Domestic car manufacturers have also
contributed to the growth of the automobile industry in India.
Indian automobile industry has grown leaps and bounds since 1898, a time
when a car had touched the Indian streets for the first time. At present it
holds a promising tenth position in the entire world with being # 2 in two
wheelers and # 4 in commercial vehicles. Withstanding a growth rate of 18%
per annum and an annual production of more than 2 million units, it may not
be an exaggeration to say that this industry in the coming years will soon
touch a figure of 10 million units per year.
REASONS OF GROWTH
MARKET SHARE
Global recession has impacted, the Indian automobile industry also and can
be seen clearly in the sales figures of the last financial year. Even then this
industry has high hopes in 2009-2010, as banks have reduced loan interest
rates and the major chunk of automobile customers belong to the middle
income group who are becoming economically stronger with every passing
day.
Fiat India Private Ltd: The Fiat India that belongs to the Fiat Auto Spa group
of Italy gives world-class cars to the country. This group has entered the
motor vehicle sector more than one hundred years ago and has earned fame
not only in India, but also abroad. Besides 'Uno', which is Europe's favorite
car for the last two decades, the brands like Palio, Petra and Adventure have
also become famous.
General Motors India: This global leader entered the Indian market as a joint
venture with the C.K. now it is a fully owned subsidiary of the Birla Group.
This group has also introduced cars like Chevrolet Optra and Chevrolet
Tavera (MUV) in India.
Hindustan Motors: This flagship company of the C.K. Birla Group was
established by Mr. B.M. Birla. Some of the most popular brands of this car
manufacturer are Ambassador, Contessa and Mitsubishi Lancer. Other
remarkable brands of this company are Trekker, Porter and Pushpak.
Hyundai Motors: Hyundai Motor India Limited (HMIL) is not only the
second largest car manufacturer in India, but is also the fastest growing
among the car manufacturers in India. The popularity of Santro, Getz,
Accent, Elantra, Sonata Embera and Tuscon is proof of its success. The
company is an ISO 14001.
Maruti Suzuki India Ltd.: This is the first automobile company in the world
to have an ISO 9000:2000 certificate. It has a joint venture with Suzuki Motor
Corporation. The popular models of this group are Alto, Baleno, Swift,
Wagon-R and Zen.
Toyota Kirloskar Motor Ltd: With a joint venture with Toyota Motor
Corporation Japan, the Kirloskar Group of India holds 89% equity of the
company. The most popular brands of this group in India are Camry, Corolla,
Prado and Innova
MARUTI SUZUKI
PROFILE
10, 2007, Govt. of India sold its complete share to Indian financial institutions.
With this, Govt. of India no longer has stake in Maruti Udyog.
Maruti Udyog Limited (MUL) was established in February 1981, though the
actual production commenced in 1983 with the Maruti 800, based on the
Suzuki Alto kei car which at the time was the only modern car available in
India, its' only competitors- the Hindustan Ambassador and Premier Padmini
were both around 25 years out of date at that point. Through 2004, Maruti
has produced over 5 Million vehicles. Maruti’s are sold in India and various
several other countries, depending upon export orders. Cars similar to
Marutis (but not manufactured by Maruti Udyog) are sold by Suzuki and
manufactured in Pakistan and other South Asian countries.
The company annually exports more than 50,000 cars and has an extremely
large domestic market in India selling over 730,000 cars annually. Maruti 800,
till 2004, was the India's largest selling compact car ever since it was launched
in 1983. More than a million units of this car have been sold worldwide so far.
Currently, Maruti Alto tops the sales charts and Maruti Swift is the largest
selling in A2 segment.
Due to the large number of Maruti 800s sold in the Indian market, the term
"Maruti" is commonly used to refer to this compact car model. Till recently
the term "Maruti", in popular Indian culture, was associated to the Maruti
800 model.
More than half the cars sold in India are Maruti cars. The company is a
subsidiary of Suzuki Motor Corporation, Japan, which owns 54.2 per cent of
Maruti. The rest is owned by the public and financial institutions. It is listed
on the Bombay Stock Exchange and National Stock Exchange in India.
During 2007-08, Maruti Suzuki sold 764,842 cars, of which 53,024 were
exported. In all, over six million Maruti cars are on Indian roads since the
first car was rolled out on December 14, 1983.
Maruti Suzuki offers 13 models, Maruti 800, Omni, Alto, Versa, Ritz, Gypsy,
A Star, Wagon R, Zen Estilo, Ritz, Swift, Swift Dzire, SX4, Grand Vitara.
Swift, Swift dzire, A star and SX4 are maufactured in Manesar, Grand Vitara
imported from Japan as a completely built unit (CBU), remaining all models
are manufactured in Maruti Suzuki's Gurgaon Plant.
Suzuki Motor Corporation, the parent company, is a global leader in mini and
compact cars for three decades. Suzuki’s technical superiority lies in its ability
to pack power and performance into a compact, lightweight engine that is
clean and fuel efficient.
vision
vision
SWOT Analysis
STRENGTHS
1. Bigger name in the market.
5. Brand Image.
7. Trust of People.
8. Maruti Udyog Ltd. is the market leader for more than decade.
WEAKNESSES
1. Lack of experience in foreign market.
OPPURTUNITIES
2. Government subsidies.
3. Tax Benefits.
THREATS
4.To the market share, as many big names are coming in the industry
Factors that influence the consumer’s buying decision for the product
i. Social
• Culture
• Subculture
• Social Class
• Reference group
• Family
ii. Personal
• Occupation
• Economic circumstances
• Lifestyle
iii. Psychological
• Motivation
• Perception
• Learning
Economic Factors:-
Social Factors:-
Technological Factors:-
Ecological Factors:-
Legal Factors:-
Basis of Segmentation
A1 Yes Yes
A3 Yes Yes
SUV Yes
Product
Income Group RS. 2- 3 lacs. RS. 3-5 lacs. RS. 5 - > 5 lacs.
A1 Yes
A2 Yes Yes
A3 Yes
SUV Yes
Positioning
A3 A consumer who wants Design, Style and A car design with style and
more comfort car Luxury. luxury.
C-Class A consumer who wants More spacious A big car with reasonable
car for commercial use car. price
Generic Strategies
• Differentiation
• Focus strategy
4Ps
Product
Price
Place
Promotion
Portfolio of 12 products
Products
A1 800
A3 D ZiRE, Sx4
PRODUCT STRATEGY
TV Ads
Print Ads
Radio Ads
Advertising Strategy
Persuasion Advertising
Information Advertising
BTL - Sponsorships
• Sales Promotions
Product warranties
Premiums (gifts)
Trade shows
• BTL
• Information Advertising,
• Sales Promotions
• Product warranties
• Premiums (gifts)
• Trade shows
Sales promotion
To increase the sales & encourage the present consumers to use more
frequently.
To help the new product enter into existing and new market.
Spread Information.
Stimulate Demand.
METHOD
4. Discounts Other than normal trade & To push more sales to trade, early cash
cash discount. recovery.
5. Dealer Sales Where participating dealers are To increase sales, buy dealer’s loyalty,
Contests invited to compete in terms of motivate dealer’s staff to sell more.
the sales performance
6. Trading stamps They are a kind of discount To encourage consumer loyalty to certain
coupons offered to consumers retail stores.
linked with quantum of their
purchase.
10. Refund Offers Offer of a refund of money to To include trail from primary
consumer for mailing in a users, motivate several
proof-of-purchase of a product purchases, obtain
particular product. displays at the retailers etc.
Cold calling
Bank visit
Road shows
Events
Mega events
Advertisements
SNAP SHOTS
Research Methodology
Meaning of Research
“Research is common parlance refers to a search for knowledge. In fact research is an act
of scientific investigation.”
To find out the level of customer satisfaction with the offers, discount and services
offered by Maruti Suzuki & AGR automobiles.
Secondary Data
Primary data:-
Primary data is the original data collected specifically for the problem.
Research approaches: - Primary data can be collected in five main ways: through
Observation, focus groups, surveys, behavioral data, and experiments.
Research instruments:- Marketing researchers have a choice of three main research
Instruments in collecting primary data:
Questionnaires: - A questionnaire consists of questions presented to respondents for
their answers. Because of its flexibility, the questionnaire is by far the most common
Instrument used to collect primary data. Questions can be open-ended or closed-
Ended.
M.B.S Business School Page 48
SALES PROMOTION IN MARUTI
Secondary data:-
Data potentially useful in solving a current problem but that were collected for a different
purpose.
Secondary data can be gathered quickly and inexpensively, compared to primary data, it is
clear useful to study analyzing the recent development in the telecom industry.
Contact methods:- Once the sampling plan has been determined, the marketing researcher
must decide how the subject should be contact:
Mail questionnaire: - The mail questionnaire is the best way to reach people who
would not give personal interviews or whose responses might be biased or distorted
by the interviewers. Mail questionnaires require simple and clearly worded
questions.
respondent, such as dress and body language. Personal interviewing takes two
forms. In arranged interviews, respondents are contacted for an appointment, and
often a small payment or incentive is offered. Intercept interviews involve stopping
people at a shopping mall or busy street corner and requesting an interview.
Online interviews: - There is increased use of online methods. There are so many
ways to use the Net to do research. In this method, researcher can include a
questionnaire on its Web site and offer a people to answer the questionnaire.
From all the targeted customers. There can be two types of survey are possible.
Sample Survey
Census Survey
It is economical
Sample
Sample is the true representation of the population by studying of the sample we can
predict the behavior of the population.
Sample Size: 100 (in this case)
Method of Sampling:-
In this project, the survey was done within the market that means probabilistic
convenience Sampling was carried out.
6. To process & analyze data:-
After the data was collected it was tabulated, analyzed and interpreted to the conclusion
reach.
Techniques Applied
Bar Chart:- A chart in which the length of the bar represents the amount of the item
associated with the bar.
Pie Chart:- A circle divided in to sections, such that each section represent the
percentage of the total area of a circle associates with one variable.
Types of Research
Along with this there may be 3 type of research methodology these are :-
Exploratory Research
Descriptive Research
Casual Research
“Our research is based on the exploratory research.”
Exploratory Research
“The objective of this research is to gather preliminary information that will help us to
define the problem and to suggest any hypothesis.”Which means first we have to define
the problem and research objective? Then we have to develop the research plan for
collecting information. Now after collection data we have to interpret those data for any
suggestion,
M.B.S Business School Page 51
SALES PROMOTION IN MARUTI
Questionnaire
Being an esteem customer of Maruti Udyog Limited you are requested to take
out a few minutes and fill the following questionnaire.
Yes No
Maruti insurance
Extended warranty
True value
Maruti finance
Genuine accessories
Date Sign
Less 1 to 3 3 to 5 5 to 10 10 and
than years years years above
1year
Knowledgeable sales 33 24 21 9 3
person
Knowledge
0%
0% 0%
14%
Strongly Disagree Neither agree Strongly
disagree agree agree
Nor
disagre
e
Knowledgeable sales 0 0 0 84 14
person
86% people agreed that the sales persons are knowledgeable and 14%
strongly disagreed that the sales persons are knowledgeable.
Does employ
time with y
0%
Strongly Disagree Neither agree Strongly
disagree agree agree 4%
Nor
disagre
34% e
Employees spent enough time 0 0 0 64 36
with you: before sales
64% people agreed that the sales persons spent enough time with them before the sales and 36%
strongly agreed with this.
Does employ
time with y
0%
4%
Strongly Disagree Neither agree Strongly
disagree agree agree
34% Nor
disagre
e
Employees spent enough time 0 4 0 62 34
with you: during sales
Does employ
time with
0%
54%
Displayof
0%
0%
Strongly Disagree Neither agree Strongly 6%
disagree agree agree
Nor
disagre
e
Display of Merchandize 0 0 0 94 6
94% agreed that the display of merchandize was attractive and 6% strongly agreed that the
display of merchandize was attractive.
Availability
0%
Strongly Disagree Neither agree Strongly 4%
5%
disagree agree agree
Nor
disagre
e
Availability of the Product
0 4 0 91 5
91% agreed that the availability of the product was there, 5% strongly agreed that the availability
was there while only 4% said they disagreed with this.
91%
Variety
0%
7% 6
Variety/Selection 0 6 0 87 7
of
Merchandize
Vehicle in Go
0% 0%
2%
Strongly Disagree Neither 16%
agree Strongly
disagree agree agree
Nor
disagre
e
Vehicle in Good Condition
0 2 0 82 16
82% agreed that the vehicle was in good condition when delivered ,16%
strongly agreed with this whereas only 2% disagreed with this.
0%
12%
Strongly Disagree Neither agree Strongly
disagree agree agree
Nor
disagre
e
Does Maruti
disco
55% agreed that the discounts offered are attractive , 34% strongly agreed with this while 11%
disagreed and said that the discounts offered were not attractive.
47%
Is décor of the
plea
0%
0% 0%
Strongly Disagree Neither agree Strongly
disagree agree agree
20%Nor
disagre
e
0 0 0 80 20
Décor Of The Waiting Area Is
Pleasing
80%agreed that the décor of the waiting area was pleasing while 20%
strongly agreed that the décor of the waiting area was pleasing
Do Maruti offe
time
0%
6%
Strongly Disagree Neither agree Strongly
disagree agree agree
Nor
disagre
e
0 20 0 74 6
Offered A Test Drive
74%agreed that the test drive was offered to them ,6% strongly agreed
that the test drive was offered while 20% disagreed with this.
74%
Post Sales
0%
0 15 0 59 26
Post Sales Follow Up Done
59%agreed that the post sales follow ups are done regularly , 26% srongly
agreed and 15%disagreed with this.
0 0 24 44 F 32
FINDINGS
Findings
There is 54% of satisfied customer’s of Maruti Suzuki.
The demand for the diesel variant is more for most of the models but the firm has
limited number of the models having diesel variants. The customers are also looking
for the gas models which will be suitable for LPG and CNG. So the firm should
think for the diesel and gas variants.
Most of people think Maruti Suzuki pricing are economical so they are loyal to his
brand. While other people give emphasis to the after sale service. Quality and other
features are also a trait for the buyers.
There is large no of customer’s are satisfied with the performance of the car, data is
concerned with those customers who are the existing customers of Maruti Suzuki
and data is also concerned with new customers.
There should be good relation between customer and dealer because it helps to
increase the sales of company and also helpful for making the customer relationship
management.
There is important to know the after sales services of the company it shows the
customers satisfaction and also shows the customer relationship management.
Bibliography
www.google.com
www.marutiudyog.com
Automobile Magazines