Final Omkar Mahadane SIP Report
Final Omkar Mahadane SIP Report
Final Omkar Mahadane SIP Report
A study on
Prepared by:
Submitted To
Shree Chanakya Education Society’s
Indira Institute of Management-BBA, Pune
Affiliated To
An Autonomous Institute affiliated to SPPU
A study on Lost Sales Analysis in
Auto Mobile Sector
Prepared by:
Submitted To
Shree Chanakya Education Society’s
Indira Institute of Management-BBA, Pune
Affiliated To
An Autonomous Institute affiliated to SPPU
Certificate of completion (by College)
Certificate
This is to certify that the Summer Internship Project entitled “Lost Sales Analysis
in auto mobile sector” which is being submitted here with
for the award of the degree of BBA in Digital Business and Marketing from
Indira Institute of Management Pune, is the result of the original research work
Completed by Omkar Mahadane under the supervision and guidance of
Dr. Vijayalaxmi Rao.
To the best of our knowledge and belief the work embodied in this
Summer Internship Project has not formed earlier the basis for the award of
any degree of similar title of this or any other University or examining body.
Certificate of completion (by Organization)
pg. 1
S
tudent’s Declaration
pg. 2
I undersigned Omkar Mahadane a student of Indira Institute of
Management, Pune BBA 5th semester, declare that summer
internship project titled is Lost Sales Analysis in auto mobile
sector a result of my/our own work and my/our indebtedness to
other work publications, references, if any, have been duly
acknowledged. If I/we are found guilty of copying any other report
or published information and showing as my/our original work, I
understand that I/we shall be liable and punishable by Institute or
University, which may include ‘Fail’ in examination, ‘Repeat study
& re- submission of the report’ or any other punishment that
Institute or University may decide.
Signature:
Acknowledgement
pg. 3
First I would like to thank Mr.ZAHIRSHAIKH Head HR & Admin, of
“PANCHJANYA AUTOMOBILE” for giving me the opportunity to do an
internship within the organization
I also would like all the people that worked along with in “PANCHJANYA
AUTOMOBILE” with their patience and openness they created an enjoyable
working environment.
It is indeed with a great sense of pleasure and immense sense of gratitude that I
acknowledge the help of these individuals.
I would like to thank my Head of the Department Mrs. Pranali Chaitanya for
his constructive criticism throughout my internship
I would like to thank Dr. Vijayalaxmi Rao College internship coordinator for
their support and advices to get and complete internship in the institute.
pg. 4
EXECUTIVE SUMMARY
The study gave a chance to know about Fundamental Analysis and various tools
used in Fundamental Analysis.
Fundamental analysis helps to understand the basics of financial statements and
gives you the tools that help to decide which companies make worthwhile
investments.
Fundamental analysis is the process of looking at a business at the basic or
fundamental financial level. This type of analysis examines key ratios of a
business to determine its financial health and gives you an idea of the value its
stock.
The first part gives an insight about the about the company and its various aspects.
I got an opportunity to learn what is really meant by fundamental analysis in
stock market, how is it implemented in the stock market.
I have chosen Automobile sector as study of my research and selected five major
Companies on randomly basis which are: Tata Motors Ltd., Mahindra & Mahindra
Ltd., Maruti Suzuki India Ltd., Hero Motocorp Ltd. and Bajaj Auto Ltd.
I have collected all the information from various sources, for my analysis I have
study the balance sheet, profit and loss a/c, and ratios of these five companies
and comparing some point to know where one should have to invest. I also
show the past record of these five companies, to know what exact condition and
growth of the company.
pg. 5
INDEX
Chapter Title Page
No. No.
1 INTRODUCTION 7
2 INDUSTRY PROFILE 11
3 COMPANY OVERVIEW 16
5 RESEARCH METHODOLOGY 22
6 DATA ANALYSIS 26
7 FINDINGS 34
9 ANNEXTURE
BIBLOGRAPHY
pg. 6
LIST OF TABLES
pg. 7
INTRODUCTION
pg. 8
Introduction to the topic:
Losing a sale never feels good, but it’s a natural, recurring event in any salesperson’s
job. That said, if you’re losing sales consistently, you need to take action.
It may seem like the stage in which the sale is lost is responsible for the lost sale, but this
isn’t always the case; necessarily, the loss must have occurred during or before this stage. But
it might have started in the earliest stages, gradually manifesting as the stages progressed.
Keep this in mind during your analysis.
You’ll also need to consider why the sale was lost. Comparatively, this is a more subjective
question. You can study hard data or rely on your own understanding to figure out what went
wrong, but the best method is to simply ask for feedback. Conduct a survey or ask your
prospects directly: why didn’t you buy from us?
pg. 9
pg. 10
These are some of the most common reasons:
Customer fit: Is this prospect within your target demographics? Are they the right
fit for this product or service? If not, you probably have a lead qualification or lead
generation problem.
Customer needs: It could be that this customer simply doesn’t have a need or
desire for your product. If this is the case, you may need to revisit your market
research, or better understand common objections.
Sometimes, the timing is just off; the prospect likes the product, but isn’t ready to
buy. Better targeting strategies and follow-up strategies can often correct this.
Expensive pricing can turn otherwise interested people away. Is there a way you can
offer lower pricing? Are there other perks or features you can offer to sweeten the
pot? What would it take to close this kind of sale?
Competitor issues: Did this customer go with one of your competitors instead of
you? Why? What do they have to offer that you don’t?
pg. 11
INDUSTRY PROFILE
pg. 12
Industry Profile:
The Automotive Industry in India is the fourth-largest in the world as per 2021 statistics. In
2022, India became fourth largest country in the world by valuation of automotive industry.
As of 2020, India is the 5th largest automobile market in the world, surpassing Germany in
terms of sales.
Currently India's auto industry is worth of more than US$100 billion and contributes 8% of
the country's total export and accounts for 2.3% of India's GDP. India's major automobile
manufacturing companies includes Tata Motors, Ashok Leyland, Mahindra & Mahindra,
Force Motors, Tractors and Farm Equipment Limited, Eicher Motors, Royal Enfield,
Sonalika Tractors, Hindustan Motors, Hradyesh, ICML, Kerala Automobiles Limited, Reva,
Pravaig Dynamics, Premier, Tara International and Vehicle Factor Jabalpur.
History:
The automotive industry began in the 1860s with hundreds of manufacturers that pioneered
the horseless carriage. For many decades, the United States led the world in total automobile
production. In 1929, before the Great Depression, the world had 32,028,500 automobiles in
use, and the U.S. automobile industry produced over 90% of them. At that time, the U.S. had
one car per 4.87 persons. After 1945, the U.S. produced about 75 percent of world's auto
production. In 1980, the U.S. was overtaken by Japan and then became world leader again in
1994. In 2006, Japan narrowly passed the U.S. in production and held this rank until 2009,
when China took the top spot with 13.8 million units. With 19.3 million units manufactured
in 2012, China almost doubled the U.S. production of 10.3 million units, while Japan was in
third place with 9.9 million units. From 1970 (140 models) over 1998 (260 models) to 2012
(684 models), the number of automobile models in the U.S. has grown exponentially.
Early car manufacturing involved manual assembly by a human worker. The process evolved
from engineers working on a stationary car, to a conveyor belt system where the car passed
through multiple stations of more specialized engineers. Starting in the 1960s, robotic
equipment was introduced to the process, and today most cars are produced largely with
automated machinery.
pg. 13
Contribution of the sector towards GDP
India has become one of the international players in the automobile market.
In the year 2006-07, the Indian Automobile Industry produced 2.06 million four
wheelers and 9 million two and three wheelers.
The four wheelers include passenger cars, multi-utility vehicles, sports utility
vehicles, light, medium and heavy commercial vehicles, etc.
The three wheelers include mopeds, motor-cycles, scooters, and three wheelers.
India ranks 2nd in the global two-wheeler market.
India is the 4th biggest commercial vehicle market in the world.
India ranks 11th in the international passenger car market.
India ranks 5th pertaining to the number of bus and truck sold in the world.
It is expected that the Automobile Industry in India would be the 7th largest
automobile market within the year 2016.
In the year 2006-07 the number of Passenger Car sold were 10,76,408.
In the year 2006-07 the number of Passenger Vehicles sold were 13,79,698.
In the year 2006-07 the number of Commercial Vehicles sold were 4,67,882.
In the year 2006-07 the number of Three Wheelers sold were 4,03,909.
In the year 2006-07 the number of Two Wheelers sold were 78,57,548.
In the year 2006-07 the number of automobiles sold were 1,01,09,037.
pg. 14
Role of Automobile Industry in India GDP-Growth
The growth rate of the Passenger Cars in the year 2007 is 13.50%
The growth rate of the Utility Vehicles in the year 2007 is 10.10%
The growth rate of the Multi-purpose Vehicles in the year 2007 is 24.40%
The growth rate of the Light Commercial Vehicles in the year 2007 is 16.05%
The growth rate of the Commercial Vehicles in the year 2007 is 3.43%
The Maruti Udyog Ltd is the largest car manufacturer in the country and the rate of
growth in the year 2007 was 20.7%
The Mahindra & Mahindra Ltd cumulative sales for the year 2007 was 1,06,094 units
and the rate of growth was 35.8%
The Honda Siel Cars India Ltd, the leaders in India pertaining to the manufacturing of
premium cars, registered a growth of 16.1 % during the year 2007 and sold 41,638
units
The Daimler Chrysler sales for the year 2007 was 1,681 units in India and the growth
rate was more than 22%
The General Motors India, registered a 114% increase in the national sales in the
August of 2007
The Hero Honda sold more than 2 million units in the Jan-Aug period of the year
2007
The export pertaining to the motorbikes was 3,21,321 units in the year 2007
It is estimated that in the year 2007-08 the motorcycle sales would be 7 million, the
car sales would be 1.55 million, and the two-wheelers sales would be 8.3 million
Hindustan Motors
Mahindra and Mahindra
Bajaj Auto Limited
Maruti Udyog Limited
Tata Motors
pg. 15
Top 20 motor vehicle producing countries (2021)
China 26,082,220
USA 9,167,214
Japan 7,846,955
India 4,399,112
South Korea 3,462,404
Germany 3,308,692
Mexico 3,145,653
Brazil 2,248,253
Spain 2,098,133
Thailand 1,685,705
Russia 1,566,317
France 1,351,308
Turkey 1,276,140
Indonesia 1,121,967
Canada 1,115,002
Czech Republic 1,111,432
Slovakia 1,000,000
United Kingdom 932,488
Iran 894,298
Italy 795,856
Table 01
pg. 16
COMPANY OVERVIEW
pg. 17
History:
Panchjanya Automobiles Private Limited's Annual General Meeting (AGM) was last held on
N/A and as per records from Ministry of Corporate Affairs (MCA), its balance sheet was last
filed on N/A.
Directors of Panchjanya Automobiles Private Limited are Vivek Dilip Chadha and Prashant
Nagesh Dixit.
Management:
CEO: Rajesh Wankhede
GM: Ripul Anand
Head- HR & ADMIN Zahir Shaikh
pg. 18
Pirangut:
Gat No 138/1, Balaji Krupa Lavelle Phata, Pirangut Road, Pune, Maharashtra 412115.
Major customers:
Active Customers:
Active customers are customers that do business with the dealership regularly. Each
manufacturer and each dealership may define an active customer differently.
Some dealerships define an active customer as one who has been in the store once within six
months. Other dealerships say it is once within 12 months. The parameters change, but it is still
considered an active customer.
Inactive Customers:
An inactive customer has extended their life cycle with the dealership. They no longer come
in once a year. Auto Dealer Today Magazine wrote an article specifically about inactive
customers.
The article claims a customer becomes inactive between six and nine months. They point out that
other dealers say this is a 12 months period, and some say it can be even longer.
Lost Customers:
“Lost” customers are a segmentation that some manufacturers refer to as endangered or defectors.
These are customers that have gone a certain period without visiting the store.
Harvard Business Review claims these are great customers to target. They have demonstrated a
need for the service, and they are familiar with the company.
Conquest Customers:
Conquest customers are customers available in the dealer’s market but have not yet been to the
dealership. While customer retention is imperative to growth, getting these new customers through
the door is also a part of the equation.
pg. 19
Functional overview:
3. External Lead
External Lead:
The leads are genrated throught online websies like Social Media Platform (i.e Instagram,
facebook, Twitter, Pintrest), google servey forms, Tata IVR.
Then the leads are forwarded to the Customer Advisor(CA); then CA makes a call to the
customer. Ask to vist showroom whenever possible.
After discussing a good deal with cutomer the dicission is left over to the customer to decide
if he is intrested or not intrested.
If the customer is Not intrested CA has to do three follow up call with the period of time, so
they can the customer intrested in the product and still if customer is not intrested it is
considered under LOST SALES.
And if the customer is Intrested CA gets the car booked with some booking amount. The CA
ask the customer about the payment process; does he want to take a loan from bank, self
arrenged finance, cash, or any other source. As each car has its specific waiting period, the
customer is told accordingly. After completing the financial and documentation process, the
order is placed for the products. A whatsapp group is created of customer, CA, Team Leader
where all information is given to the customer. If customer has any doubt they are cleared
there.
When the car gets billed on the customer’s name the car arrives at stock yard. The car is send
PDI Team, after completing the PDI process the car is shown to the Customer. If the
customer give an final apporovement the CA ask to get the Down Payment done the is
treansferd for loan disburstment, and the for Insurance then the file transfered to Tally then
transferred to the RTO after completing all these processes the car arrives at showroom,
Where the Accessiory are fitted and the car gets ready for dilevery within next 2 days.
pg. 20
Products:
Cars
Accessories
Extended Warranty
Insurance
Road Wheels
Sales Department
I. Walk-in sales team
II. Digital Marketing team
Accessories Department
Finance Department
Accounts Department
RTO Department
CRM Department
Back Office
TMA Department
Insurance Department
PDI Team
pg. 21
OBJECTIVES AND SCOPE
OF PROJECT
pg. 22
Objective of the study:
To understand why the sales are lost and how to improve in the
future.
To make more sales of cars in the market.
To retain current customers.
To engage new positive customers.
To improve customer satisfaction.
pg. 23
RESEARCH METHODOLOGY
pg. 24
Market research:
Market research is systematic problem analysis model building and fact finding
for the purpose of important decision making and control in the marketing of
good and service.
The research process can be said to be circular over a period of time. Exploratory
research may be define hypothesis that are their tested verified by conclusive
research but in the latter process the conclusive research may develop new ideas
opportunities of new difficulties.
With the ever increasing complexity of marketing and business activity, market
researches also increase complexity. Today carrying out research relating to
customers products and market require specialized skills and sophisticated
techniques market research has emerged as highly specified function of marketing
management.
1. Statement of problem:
As a compulsory part of the Internship Program, this report is prepared on the topic “Lost
Sales Analysis." The internship program provides students with real life experience of work
environment. Students can implement their academic skills gained from the educational
institution.
2. Research design:
While developing the research plan following points where taken into
consideration data sources, research approach, research instrument, sampling plan
and contact method. So that information can be gathered in most effective way.
3. Data sources:
After identifying and defining the research problem and determining specific
information required solving the problem, the researcher task is to look for the
type of source of data, which may yield the desired results. There are two types of
data available to researcher, these are:
pg. 25
Primary Data:
In the current research primary data will be collected from following instruments.
- Structured questionnaire
- Formal Interview
Secondary Data:
Secondary Data on the other hand includes that dale which is collected from some earlier
research work and is applicable or usable in the study the researcher has presently
undertaken. Secondary data will be collected from following sources.
- Websites
- Books
- Journals
- Blogs etc.
5. Sampling Design:
I. Sample Unit
pg. 26
III. Sample Technique Method:
Simple statistical tools have been used in the present study to analyze and
interpret the form of table and diagram data collected from the field. The study
used percentiles method and the data are presented in the form of table and
diagrams.
pg. 27
DATA
ANALYSIS
pg. 28
DATA ANALYSIS
Q1. Gender
a. Male
b. Female
Responses
900
800
700
600
500
400
300
200
100
0
Male Female
pg. 29
Q2. How many calls were connected.
a. Connected
b. Not connected
Table 03
Response
1400
1200
1000
800
600
400
200
0
connected not connected
pg. 30
Q3. The Payment Process customers prefer most.
a. Self-Finance
b. Cash
c. Loan
Table 04
Response of cutomers
Self
Fi-
Loan nance
37%
39%
Cash
25%
pg. 31
Q4. Is the consumer first time buyer of a TATA MOTOR’s car?
a) Yes
b) No
No 435 29%
Table 05
Response
435
1065
Yes No
Data interpretation- Out of 1500 customers 71% customers were the first
time buyer of a TATA MOTOR’s car whereas 29% were not.
pg. 32
Q5. Occupation
a. Business
b. Job
c. Farming
Responses
900
800
700
600
500
400
300
200
100
0
Job Business Farming
Data interpretation- Out of 1500 customers 57% are doing job, 33% are the
business owners and other 10% are farmers.
pg. 33
Q6. Which car is most liked by the customer?
a. Punch d. nexon
b. Tiago e. harrier
c. Tigor f. safari 2.0
Response
s a f a ri 2.0
ha rri er
nexon
ti g o r
ti a g o
punch
pg. 34
Q7. What were the customer’s responses on phone call?
a. Interested e. not interested
b. lost to co-dealer f. plan cancelled
c. Lost to competition g. plan postponed
d. not connected vehicle already purchased
Response
595
600
439
400
226
200 43 24
111
0 37
d 25
te er N
es al IO te
d
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i nt o-
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r
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to M c i ca tp rc
t CO t t s pu
os no no la
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po
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a a
ST pl re
LO al
e
cl
hi
ve
pg. 35
pg. 36
FFINAHAH
FINDINGS
pg. 37
FINDINGS
1. According to survey once the customer left the showroom without proper
guidance he will not be coming back and there the sales are lost.
2. After doing this survey I found that customer vist’s multiple showroom
for an good offer and service if they are not satisfied the sales are lost
3. According to the survey there are 59.73% male and 40.26% respondents
are female.
4. In this survey 85% were call were connected and whereas 15% calls were
not connected.
5. Through the survey we found 36.74% are doing self-finance, 24.60%
customers are paying the amount in cash and the other 38.66% are
applying for loan.
6. Here we found that 79% customers were buying a TATA MOTORS’s car
for the first time and 21% were the loyal customer of TATA MOTORS.
7. In this survey 33% respondents are from business background and 57%
respondents from corporate background and 10% respondents were
farmers.
8. Through the survey also got to know harrier is the favorite car of
customers followed with the latest TATA Punch.
9.
pg. 38
ANNEXURES
pg. 39
ANNEXURES
QUESTIONNAIRE
Q2.Gender*
i. Male
ii. Female
Q3.Occupation*
i. Job
ii. Business
iii.Farmer
Q4. Income
i. o 5 lakh
ii. 5 to 10 lakh
iii. 10 to 20 lakh
pg. 40
Q6.Tentative time to buy the car is*
i. 15 day
ii. 30 days
iii. 45 days
iv. More than 45 days
pg. 41
Q10. Why do you want to purchase a TATA car?
i. Safety
ii. Looks
iii. Comfort
iv. Mileage
pg. 42
SUGGESTIONS &
CONCLUSION
pg. 43
SUGGESTION
Though people are satisfied there is large scope for various service providers to
improve services in different areas Dealers need to take initiatives to improve
and provide numerous facilities in showrooms. Due to increase in population,
people need more cars and large number of service are needed by the people
and if all service are available to them at their doorstep they are will be more
than happy which will ultimately benefit the dealers.
CONCLUSION
pg. 44
BIBLIOGRAPHY
pg. 45
BIBLIOGRAPHY
Website:
pg. 46