Study On Customer Perception of Royal Enfield
Study On Customer Perception of Royal Enfield
Study On Customer Perception of Royal Enfield
BACHELOR OF COMMERCE
Submitted By
M.EBIN -20183201301124
J.UJAY -20183201301109
DEPARTMENT OF COMMERCE
ST.ALPHONSA COLLEGE OF ARTS AND SCIENCE
SOOSAIPURAM , KARUNGAL
APRIL – 2021
MR. M. SUGIN RAJ M.Com., M.Phil., NET., MBA.
Asst.professor in Commerce,
Department of Commerce,
Soosaipuram, Karungal.
CERTIFICATE
This is to certify that the projected entitled, “STUDY ON CUSTOMER
during the year 2018-2021 in partial fulfilment of the requirements for the award of the degree
not formed a basis for the award of any degree/diploma by this University or any other
University.
Place: karungal
Date:
1) M.EBIN 20183201301124
4) J.UJAY 20183201301109
Acknowledgement
First and foremost,we wish to express our heart-felt thank,to the lord almighty who helped
with his blessings to make this project a successful one. We express our gratitude to very
Rev.Fr.AntonyJose,secretary &correspondent,St.Alphonsa college of Arts and
Science,soosaipuram,karungal for making availabir the needed facilities to complete the mini
project in time.
We are most grateful thanks to Dr.S.Isias,principal,St.Alphonsa college of arts and
Science,Soosaipuram,karungal for giving us opportunity to study here.
Our grateful thanks to Dr.R.Sivanesan.M.com.,M.Phil.,Ph.D.,M.B.A.,M.A. Head
&Assistant professor,Department of commerce for encouraging us to complete this Project.
We own our deep sense of gratitude and sincere thanks to our research supervisor Mr.M.
SUGIN RAJ, Assistant professor,Department of commerce, St.Alphonsa college of Arts and
Science,Soosaipuram,karungal for her most valuable guidance and supervisor through the period of
our project work.
We express our deep source of gratitude to all the faculty members of our college.
We express our sincere thanks to all people who provided as all the valuable information
which we wanted form them for our project.
We are extremely thankful to our beloved parents,guardians and friends who have directly
and indirectly helped us to bring out our project report successfully.
CONTENTS
I Introduction 1-6
And Conclusion
LIST OF TABLES
3.3 Distribution of 55
respondents based on
income
3.1 FACTORS 58
INFLUENCED TO
PURCHASE
3.3 FACTORS
INFLUENCED TO
63
PREFER ROYAL
ENFIELD BIKES
CHAPTER 1
INTRODUCTION
1.1 INTRODUCTION
1.6 METHODOLOGY
1
Chapter-1
Introduction
1.1 Introduction
2
Enfield bikes as well as the various motivating factors that influence the
customers to buy Royal Enfield bikes.
The present day has been undertaken from the point of view of
sampling of various groups like College students, Government
employees, private employees, Businessman and professionals.
This study is confined to Marthandam town area and to prove the
perception of the users towards motor cycle.
The researcher has attempted only in limited angles and it also allows
to undertake researcher in future.
1.5 Sampling design
In this study, the researcher has adopted convenient sampling technique.
For selecting 50 samples, the researcher has chosen from different classes of
customers such as College students, private employees, Government
employees, professionals and others.
3
1.6 Methodology
Thepresent study is a convenient research based on the questionnaire
methods. Primary data were collected directly from the customers of various
groups by adopting questionnaire. The relevant secondary data were collected
from various documentaries.
1.7 Operational definition of the concepts
1.7.1 Consumer
Consumer means one who consumes any product or service. In this study
consumer means one who buys and uses any of the Royal Enfield
motorcycle from the dealer freshly.
The term consumer often used to describe two different kinds of
consuming entities.
1.7.2 The personal consumer
The personal consumer buys goods and services for his/her own use for
the use of household or as gift for a friend. In each of this context individual,
who are referred to an end users or ultimate consumers, buy the products for
final use.
1.7.3 Organizational consumer
The organizational consumer includes profit and not-for-profit business,
like Government agencies and institutions all of which buy products,
equipment and service in order to run their organizations.
1.7.4 Perception
Perception is the process of selecting, organizing and interpreting or
attaching meaning to the events happening in the environment. Perception
may be defines as process by which individuals organize and interpret their
sensory impression in order to give meaning to their environment.
4
Perception is also defined as the process whereby we receive through our
five senses, we recognize this information and then we assign a meaning of
it.
1.7.5 Motor cycle
5
small when compared with the total population. Since the sample is small,
the conclusions of the project are also limited.
6
CHAPTER 2
ORGANISATION PROFILE
7
Chapter-2
Organization Profile
Royal Enfield is an Indian Motorcycles manufacturing brand with the tag of”
Indian Motors Limited, an Indian automaker. The company makes the Royal
produced in 1901, Royal Enfield is the oldest motorcycle brand in the world still in
production, with the Bullet model enjoying the longest motorcycle production run
of all time.
The Indian government looked for a suitable motorcycle for its police and
army, for patrolling the country’s border. The Royal Enfield Bullet was chosen as
the most suitable bike for the job. The government ordered 800 units of the 350 cc
model. In 1955, the Redditch company partnered with Madras Motors Limited in
India to form ‘Enfield India’ to assemble, under license, the 350 cc Royal Enfield
8
Bullet motorcycle in Madras (now called Chennai). The tooling was sold to Enfield
India so that they could manufacture components. By 1962, all components were
made in India. The Indian Enfield uses the 1960 engine (with matric bearing sizes),
Royal Enfield still makes an essentially similar bike in the 350 cc and 500 cc
models, along with several different models for different market segments.
company in India, and emerged with it in 1994. Apart from bikes, Eicher Group is
involved in the production and sales of commercial vehicles and automotive gears.
motorcycle production at their Jaipur factory in2002, by 2013 the company opened
increased demand for its motorcycles. This was followed in 2017 by the
motorcycle models.
Royal Enfield announced its first takeover of another company in May, 2015
Performance Products, that had previously developed the chassis of the Royal
Enfield Continental GT Cafe Racer. Harris work with the UK-based part of Royal
9
Enfield’s development team, who are based at the UK Technology Centre at
January 2015, and moved into their new purpose-built facility in May 2017. By the
end or 2019, the team numbered 155 and carries out the full spectrum of design
dealership in Milwaukee, Wisconsin, with the intention to offer three bikes, the
Bullet 500, Classic 500 and Continental GT 535 Cafe Racer as they feel this engine
size represents an underserved market. The dealership will be Royal Enfield’s first
company owned store in the U.S., according to Rod Copes, president of Royal
Enfield North America. The company wants to establish about 100 dealerships in
executive. “We view this as kind of our first flagship dealership”, he added.
10
Later in August 2015, parent-business Eicher announced its entry in
segment, initially starting retail operations from a dealership in Jakarta. From April
to September, 2015, Royal Enfield’s domestic sales were 50 per cent higher than
In 2017, Royal Enfield added new variants of the classic 350 and 500
motorcycles. While the Royal Enfield Classic 350 gets Gunmetal Grey as a new
color option, the classic 500 will now come in Stealth Black color.
per cent capacity on 7 December and operations at both plants were back to normal
on 14 December.
11
Royal Enfield motorcycles. It was showcased at the Milan Motorcycle Show on 7
November 2017 in Italy, where two motorcycles based in the engine, the
Interceptor 650 and Continental GT 650 were revealed. Both models were
Interceptor is marketed as the INT650 in the United States where Honda has a
12
2.6 Product Profile:
13
Engine:
Engine cc : 346cc
No. of cylinders 1
Length : 2140mm
Width : 810mm
Height : 1120mm
Wheelbase : 1370mm
Transmission:
No. of gears : 5 Gears
14
Front suspension : Telescoping, 35mm Forks, 130 mm Travel
Braking:
Front brake type : Disc
Wheel &Tyres:
Wheel size & Type : 19 inches, spoke wheels
15
2.6.2 Royal Enfield Classic 350:
16
Key specs:
Bore x Stroke : 70 mm x 90 mm
Emission standard : BS IV
Engine:
Engine cc : 346 cc
No of cylinders 1
Length : 2160 mm
Width : 790 mm
Height : 1090 mm
Transmission:
No of gears : 5 Gears
17
Clutch : Wet –multiplate
Braking:
Front & Brake type : Disc
Wheel &Tyres:
Wheel size : 19 inches
18
2.6.3 Royal Enfield Thunderbird 350X:
19
Engine:
Engine cc : 346cc
No of cylinders 1
Length : 2040 mm
Width : 830 mm
Height : 1140 mm
Wheelbase : 1350 mm
20
Braking:
Front brake type : Ventilated disc, double piston caliper
Wheel &Tyres:
Wheel size : 19 inches
21
2.6.4 Royal Enfield Himalayan:
22
Engine:
Engine cc : 411cc
No of cylinder 1
Length : 2190 mm
Width : 840 mm
Height : 1360 mm
Wheelbase : 1465 mm
23
Braking:
Front brake type : Disc, 2-piston floating caliper
Wheel &Tyres:
Wheel size : 21 inches
24
2.6.5 Royal Enfield Interceptor 650:
25
Engine:
Engine cc : 648cc
No of cylinder :2
Length : 2122 mm
Width : 789 mm
Height : 1165 mm
Wheelbase : 1400 mm
26
Transmission:
No of gears : 6 Gear
Braking:
Front & Rear brake type : Disc
Wheel &Tyres:
Wheel size : 28 inches
27
2.6.6 Royal Enfield Classic 500:
28
Engine:
Engine cc : 499 cc
No of cylinder 1
Length : 2140 mm
Width : 790 mm
Height : 1090 mm
Wheelbase : 1360 mm
29
Rear suspension : Twin gas charged shock absorbe
with 5-step adjustable preload, 80mm
travel
Braking:
Front brake type : Disc, 2-piston caliper
Wheel &Tyres:
Wheel size : 19 inches
30
2.6.7 Royal Enfield Thunderbird 350:
31
Key specs:
Compression : 8.5:1
Bore x Stroke : 70 mm x 90 mm
Engine:
Engine cc : 346 cc
No of cylinder 1
Length : 2060 mm
Width : 790 mm
Height : 1205 mm
Wheelbase : 1350 mm
32
Chassis & Suspension:
Chassis type : Single downtube, using engine as
stressed member
Braking:
Front & Rear brake type : Disc
Wheel &Tyres:
Wheel size : 19 inches
33
2.6.8 Royal Enfield Continental GT 650:
34
Engine:
Engine cc : 648 cc
No of cylinder :2
Length : 2122 mm
Width : 744 mm
Height : 1024 mm
Wheelbase : 1400 mm
35
Braking:
Front & Rear brake type : Disc
Wheel &Tyres:
Wheel size : 18 inches
36
2.6.9 Royal Enfield Bullet 500:
37
Engine:
Engine cc : 499 cc
No of cylinder 1
Length : 2140 mm
Width : 790 mm
Height : 1090 mm
Wheelbase : 1360 mm
38
Braking:
Front brake type : Disc
Wheel &tyres:
Wheel size : 19 inches
39
2.6.10 Royal Enfield Classic Desert Storm:
40
Engine:
Engine cc : 499 cc
No of cylinder 1
Length : 2140 mm
Width : 790 mm
Height : 1090 mm
Wheelbase : 1360 mm
41
Braking:
Front brake type : Disc, 2- piston caliper
Wheel &Tyres:
Wheel size : 19 inches
42
2.6.11 Royal Enfield Thunderbird 500X:
43
Engine:
Engine cc : 499 cc
No of cylinder 1
Length : 2040 mm
Width : 830 mm
Height : 1140 mm
Wheelbase : 1350 mm
Braking:
Front brake type : Ventilated disc, double piston caliper
45
2.6.12 Royal Enfield Classic Chrome:
46
Engine:
Engine cc : 499 cc
No of cylinder 1
Length : 2140 mm
Width : 790 mm
Height : 1090 mm
Wheelbase : 1360 mm
Braking:
Front brake : Disc
47
Front disc : 280 mm
Wheel &Tyres:
Wheel size : 19 inches
48
2.6.13 Royal Enfield Thunderbird 500:
49
Engine:
Engine cc : 499 cc
Max. Power : 27.2 bhp @ 5250 rpm
Max. Torque : 41.3 NM @ 4000 rpm
Cooling system : Air cooled
Starting mechanism : Self/Kick start
Dimension & Weight:
Kerb weight : 197 kg
Length : 2060 mm
Width : 790 mm
Height : 1205 mm
Wheelbase : 1350 mm
Ground clearance : 135 mm
Seat height : 775 mm
Braking:
Front & Rear brake : disc
Front disc : 280 mm
Rear disc : 240 mm
Wheel &Tyres:
Wheel size : 19 inches
Wheel type : spoke
Front tyre: 90/90 – 19, 52 P
Rear tyre : 120/80 – 18, 62 P
50
CHAPTER 3
INCOME
MOTORCYCLE
BIKES
51
Chapter-3
52
3.1 Table shows age wise distribution of Respondents
20years-24years 24 48
25 years-29 years 14 28
30 years- 34 years 8 16
Above 35 years 4 8
Total 50 100
The above table indicates that 48 per cent of respondents are there to the group of
below 20 years-24 years. The age group of 25-29 have 28 per cent and 16per cent
of the respondents below the age group of 30-34. But above 35 age groups have 8
per cent of respondents.
53
3.2 Table shows marital status of the respondents
Married 12 24
Unmarried 38 76
Total 50 100
From the above table 24per cent of respondents are married persons. But 76 per
cent of respondents are unmarried persons.
54
3.3 Table shows distribution of respondents based on income.
Below 5000 Rs 2 4
5001Rs-10000Rs 8 16
10001-20000 Rs 10 20
Above 20000 30 60
Total 50 100
Source: Primary data
55
3.4 Table shows reasons for buying Royal Enfield bikes
Mileage 12 24
Low maintenance 10 20
Smooth riding 18 36
Price 5 10
Total 50 100
56
3.5 Table shows the influencing factor to purchase
INFLUENCING FACTORS
Self-desire 30 60
Friends influence 6 12
Advertisement 12 24
Others 2 4
Total 50 100
From the above table 60pet cent Respondents have been influenced by their
self-desire. 12per cent of Respondents have been influenced by their friends. 24per
cent Respondents have been influenced by watching advertisement.4per cent
respondents have been influenced by others.
57
Fig 3.1FACTORS INFLUENCED TO PURCHASE
60
60%
50
40
30
24%
20
12%
4%
10
0
Self desire Friends influence Advertise ment Others
Inference
58
3.6 Table shows the period of usage
PERIOD OF USAGE
Maximum 36per cent of Respondents are using Royal Enfield bikes for 6
months and below that 28per cent of respondents are using Royal Enfield bikes for
1 years-2 years and 20per cent of respondents are using motorcycle for 3 years and
16per cent of respondents are using motor cycle for above 3 years.
59
Fig 3.2 PERIOD OF USAGE
20%
1.6 28%
1.4
1
Series 3
0.8 Series 2
Series 1
0.6
0.4
0.2
0
6 months 1-2 years 3 years Above 3 years
Inference
60
3.7 Table shows availability of spare parts easily
Yes 30 60
No 20 40
Total 50 100
Source: Primary data
60per cent of respondents are says they get their spare parts easily. But
remaining 40 per cent of respondents are says they get their spare parts not easily.
61
3.8 Table shows reasons for prefer the Royal Enfield bikes
20per cent of respondents prefer the Royal Enfield bikes for more mileage.
40per cent of respondents prefer the above Royal Enfield bike for smooth riding.
36per cent of respondents prefer the Royal Enfield bike for stylish. And 8 per cent
of respondents prefer the bike for low factor.
62
Fig 3.3FACTORS INFLUENCED TO PREFER ROYAL ENFIELD BIKES
40%
4
3.5
36%
2.5
20%
Series 3
2 Series 2
Series 1
8%
1.5
0.5
0
More mileage r
Smooth riding Stylish low
Inference
63
3.9 Table shows opinion about Royal Enfield bike
Very good 12 24
Poor 4 8
Very poor 8 16
Total 50 100
The above table shows that 52 per cent of respondents opinion are
good, 24 per cent of respondents opinion are very good, 8 per cent of
respondents opinion are poor and 16 per cent of respondents opinion are
very poor.
64
CHAPTER 4
4.1 FINDINGS
4.2 SUGGESTIONS
4.3 CONCLUSION
65
Chapter-4
Majority of the respondents are falls under the age group of 20-24 and most
of the respondents are belonging to students.
Majority of respondents are unmarried persons
Majority of respondents getting monthly income of above 20000 Rs and
most of respondents are belongs to bachelors.
Majority of respondents likes Royal Enfield bike is having smooth riding.
Majority of respondents have their inner instinct to buy Royal Enfield bikes
with their own self desire.
Majority of respondents are belongs to using motor cycle for the period of 6
months.
While determining the spare parts majority of the respondents says they gets
their spare parts easily.
Majority of respondents prefers the Royal Enfield bike for smooth riding.
Majority of respondents makes their opinion about this bike is good.
66
4.2 Suggestions
As the product “Royal Enfield motorcycle” which has been taken for the
study has many positive attributes, there are only a few things to suggest and
they are.
Many respondents have opinioned that the price of Royal Enfield bike is
little high. When compared with the prices of other company bikes. Hence it is
considered relevant to suggest that the price of vehicles may be curtained if
possible. So that, there would be a change to convert the potential consumers
into actual buyers of Royal Enfield bikes.
And also many respondents are says there is no bike is for female members.
They should concentrate some more vehicles model to attract suitable bikes
for the age group of above 35.
4.3 Conclusion
From the study the researcher has formed among the various brands of two
wheelers Royal Enfield bikes is attractable and suitable for youngsters. It
attracts the customers you its appealing appearances as good riding, comfort,
67
more pick up, power, better breaking system and superior performance in
relation to mileage. However the researcher wants to conclude the project report
by saying that if the given suggestion is duly taken by the Royal Enfield bikes
the customer would not have any negative aspect in relation to Royal Enfield
bike.
68
STUDY ON CUSTOMER PERCEPTION OF ROYAL ENFIELD
BIKES WITH REFERENCE TO MARTHANDAM
Questionnaires
1. Customer Name:
Address:
Vehicle Model:
2. Age
a) 20 years- 24 years
b) 25 years- 29 years
c) 30 years- 34 years
d) Above 35 years
3. Marital status
a) Married
b) Unmarried
4. Monthly income
a) Below 5000
b) 5001-10000
c) 10001- 20000
d) Above 20000
5. Period of usage
a) 6 months
b) 1-2 years
c) 3 years
d) Above 4 years
69
6. Reason for buying Royal Enfield bikes
a) Mileage
b) Low maintenance
c) Smooth riding
d) Wide range of products
7. Influencing factor
a) Self-desire
b) Friends influence
c) Advertise
d) Others
8. Period of usage
a) 6 months
b) 1-2 years
c) 3 years
d) Above 4 years
9. Availability of spare parts
a) Yes
b) No
10. Reasons for preferring Royal Enfield bikes
a) More mileage
b) Smooth riding
c) Stylish
d) Low
70
11. What is your opinion about this bike?
a) Good
b) Very good
c) Poor
d) Very poor
12. Which price range Royal Enfield is most preferable by customers
a) Below 1 lakh
b) 1,50,000
c) 2,00,000
d) 2,50,000
13. What is your preferable colours in Royal Enfield bike?
a) Stealth black
b) Redditch red
c) Classic black
d) Orange ember
14. Are you satisfied with the available bike in you?
a) Highly satisfied
b) Satisfied
c) Netural
d) Dissatisfied
15. Suggestions if any
71
72