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Introduction
Indian automobile industry
The automobile industry in India happens to be the ninth largest in the world with an annual
production of over 3.4 million units in 2009. In 2010, India emerged as Asia's fourth largest
exporter of automobiles, behind Japan, South Korea and Thailand. Several Indian automobile
manufacturers have spread their operations globally as well, asking for more investments in
the Indian automobile sector by the MNCs. Indian auto industry is currently growing at the
pace of around 18 percent per annum, has become a hot destination for global auto players
like Volvo, General Motors, and Ford. The Indian automobile industry is going through a
phase of rapid change and high growth. The major players are expanding their plants and
focusing on mass customization, mass production, etc.
Indias automobile sector consists of the passenger cars and utility vehicles, commercial
vehicle, two wheelers and tractors segment. The total market size of the auto sector in India is
approximately Rs 540 billion and has been growing at around 18 percent per annum for the
last few years. Since the last four to five years, the two wheelers segment has driven the
overall volume growth on account of the spurt in the sales of motorcycles. However, lately
the passenger cars and commercial vehicles segment has also seen a good growth due to high
discounts, lower financing rates and a pickup in industrial activity respectively.
Major automobile manufacturers in India include Maruti Udyog Ltd., General Motors India,
Ford India Ltd., Eicher Motors, Bajaj Auto, Daewoo Motors India, Hero Honda Motors,
Hindustan Motors, Hyundai Motor India Ltd., Royal Enfield Motors, TVS Motors and Swaraj
Mazda Ltd. With the economy growing at 19 percent per annum and increasing purchasing
power there has been a continuous increase in demand for automobiles. This, along with
being the second largest populated country, makes the automobile industry in India a very
promising one.
Automobile Industry in India Two-wheelers
Two wheelers have a special place on the Indian roads. India is ranked as the second largest
two-wheeler market in the world. They are extremely popular and versatile not only as
sales
wheelers
form
in
of
India.
two-
a major
cater to needs of this segment. One of the earliest revolutions in this industry was Kinetics
introduction of the concept of electronic/self-start and automatic gears which made two
wheelers comfortable and useable by women, when compared to old Bajaj Chetak
advertisements which showed middle aged females riding a Bajaj Chetak scooter. A recent
trend in the industry has been electric vehicles, which mostly leverage on their ecofriendliness and low operating costs, but is still not accepted well due to the lack of reputation
of the manufacturers and lack of trust on technology, which is still being perceived in the
nascent stages, especially battery and inverters which prove to be very expensive
components. TVS recently leveraged this opportunity by launching a hybrid model of their
non geared scooter TVS Scooty. The end of the last decade saw Bajaj taking a radical
decision to do away with the Scooter range and completely concentrate on motorcycles,
especially stating change in customers preference as the main reason. The customers are left
without a choice in most cases than to migrate from the traditional scooters of the Indian
family to the all youthful bikes that ones son rides to college.
With rising incomes and purchasing capacity of the average Indian, the demand for two
wheelers in the power segment has increased considerably. There also have been constant
signs of maturing of the market when the manufacturers reacted by coming up with
innovations, catching attention of potential buyers and sometimes creating a new class of
customers or altering the preferences and attitudes of existing consumers
History of Motorcycle
The automobile was the answer to the 19th century dream of self-propelling the horse drawn
carriage, the invention of the motorcycle created the self-propelled bicycle. Motorcycles are
the descendents of the safety bicycle, bicycle with the front and rear wheels of the same
size, and with a pedal crank mechanism to drive the rear wheels. Those bicycles, in turn, were
descended from high-wheels bicycles. The wheelers were descended from an early type of
pushbike, without pedal, propelled by the riders feet pushing against the ground. These
appeared around 1800. Used iron branded wagon wheels were called bone crushers, both
for their jarring ride and their tendency to toss their riders.
The first commercial design was a three wheeler built by Edward Buttler in Great Britain,
in the year 1884. It employed a horizontal single cylinder gasoline engine mounted between
two steers able front wheels and connected by a drive chain to the rear wheel. However, it
would perhaps be incorrect to call it a precursor of the wheeled genre of vehicles.
Profile of the Organization
Royal Enfield is the makers of the famous Bullet brand
in India. Established in 1955, Royal Enfield
(India) is among the oldest bike companies.
It stems from the British manufacturer, Royal Enfield at
Redditch. Royal Enfield has its headquarters at Chennai
in India. Bullet bikes are famous for their power,
stability and rugged looks.
It started in India for the Indian Army 350cc bikes were imported in kits from the UK and
assembled in Chennai. After a few years, on the insistence of Pandit Jawaharlal Nehru, the
company started producing the bikes in India and added the 500cc Bullet to its line. Within
no time, Bullet became popular in India.
Bullet became known for sheer power, matchless
stability, and rugged looks. It looked tailor-made
for Indian roads. Motorcyclists in the country
dreamt to drive it. It was particularly a favorite of
the Army and Police personnel.
In 1990, Royal Enfield ventured into collaboration with the Eicher Group, a leading
automotive group in India, in 1990, and merged with it in 1994. Apart from bikes, Eicher
Group is involved in the production and sales of Tractors, Commercial Vehicles, and
Automotive Gears.
Royal Enfield made continuously incorporating new technology and systems in its bikes. In
1996, when the Government of India imposed stringent norms for emission, Royal Enfield
was the first motorcycle manufacturer to comply. It was among the few companies in India to
AVL of Austria.
Manufacturing
dealerships command an excellent goodwill based on customer service that has remained a
forerunner for the industry, steadfast over the seven years.
GG Motors head office located in Madurai handles logistics and distribution to the southern
half of Tamil Nadu. GG Motors performance in the field of service speaks for itself as they
received second rank for the BEST SERVICE for the year 2006. Also they have received
BEST STALL award from Chamber Of Commerce in the year 2007.
GG Motors have consistently shown growth in performance and take pride in network of
dealerships and service business that has provided them a fantastic growth opportunity. GG
Motors currently have Office located in Madurai [Simmakkal]. GG Motors have Service
centers in
Ramnad
Theni
Sivagangai
Tuticorin
Sivakasi.
GG Motors Private Limited currently distribute five various types of product. They are
Bullet UCE
Bullet Electra
Classic 350
Classic 500
Thunderbird
GG Motors are firmly committed towards customer service and motto is to always be the
forerunner in providing the best customer service. GG Motors also the dealer and distributors
for the following spares,
of
automotive
with
the
other
products being perceived more as derivatives of this motorcycle rather than standalone
products.
Royal Enfield Bullet Electra
themselves
the
more
contemporary
manufacturers.
Royal
drop
dead
gorgeous
it.
Customers
will
Royal
revolutionary
Enfields
Unit
powerful bike which for the first time broke off from the Bullet look. They were modeled
similar to the cruisers available worldwide. All the well loved features of the Thunderbird
have been retained and enhanced in some cases. Also, the twin benefit of improved
performance and engine efficiency makes this motorcycle hard to beat in terms of pure riding
pleasure and visual delight. The evolutionary mix of old and new features in this motorcycle
will surely delight its owners. It has developed into a strong marquee itself and continues to
remain a brand name despite engineering changes that went into it. It started as a 350cc AVL
Single-Spark Engine. Today the Thunderbird Twinspark is a 350cc Unit Construction
Twinspark Engine with about 20 bhp output.
OBJECTIVES
Primary objective:
To know the customers preference towards Royal Enfield two wheelers.
Secondary objective:
To find out the socio economic profile of the customers of Royal Enfield two
wheelers.
To identify the various factor that influence to purchase of Royal Enfield.
To find out the satisfaction level of the respondents towards various aspects of Royal
Enfield two wheelers.
To know the satisfaction level of respondents towards the service offered by GG
Motors.
Scope of the Study:
The study covers the respondents who bought Royal Enfield two wheelers from GG motors,
Madurai. The study has been conducted in Madurai for a period of 60 days. The study
regarding an iconic brand that is more than 100 years old opens up boundless possibilities.
Given the magnitude of the project and resource limitations, we have defined the scope of the
study to include
1.
2.
3.
4.
The purpose of this study on customer preference will help us understand the wants & need
of the customers towards Royal Enfield on GG Motors. The study could provide appropriate
and timely information about the position of preference level of customer towards Royal
Enfield.
This study which is regularly conducted by the companies will help them in knowing the
market position and it will also help them to take counter measures against their competitors
and altering the areas where ever necessary.
This study also investigate the services and factors which influence the customers to purchase
the Royal Enfield bikes and also identify what customers are expecting from the Royal
Enfield. This study also helps to find out the satisfaction level of customers of GG Motors.
Limitations of the Study:
The project deals with CONSUMER PREFERENCE TOWARDS ROYAL ENFIELD ON
GG MOTORS.
Since I am doing a study on Customer preference on Royal Enfield in madurai city
which needs large sample size. A large sample gives more results rather than small
but my sample size is only 120, which is a limitation to my project.
As we know a good marketing research takes time and money but time and money
are again the limitation of my project.
Some respondents show unwillingness to fill the questionnaire.
Some respondents give the biased information in case of close-ended questions &
multiple choices.
Research Methodology of the Study
Marketing Research
The systematic design, collection analysis and report of data and finding relevant to a
specific marketing situation facing the company
According to American Management Association (AMA) Marketing Research can be defined
as The systematic gathering recording and analysis of data about problems relating to the
marketing of goals & services.
Actually market is a set of actual and potential buyers of a product. This market is full of
risks and opportunities because the external environment is dynamic and constantly
changing. Market should be carefully examined and thoroughly examined before plunging
into a market. Market Research is a tool or techniques through which we try to find out
existing risks opportunities. The hastily started ventures can turn out to be a failure. Thus
before launching any product it is necessary to understand the market, target customers, their
needs and wants and find out actual potential market i.e. finding out whether the need or
potential product is there or not. Once the automobile products were known as Luxury
products but now a day these products have become the necessity. Earlier niche segment
included me/boys having small base since how target segment includes women & youngster
also, the base has became wider leading to a multiple segments. Thus marketing research is
indispensable for finding out the potential among the target Segments.
Steps of Marketing Research
1.
2.
3.
4.
Preparation of questionnaire
5.
Collection of data
6.
7.
Presentation of data
2.
3.
4.
Types of Research
1.
Analytical research
2.
Applied research
3.
Fundamental research
4.
Conception research
5.
Empirical research
6.
Exploratory research
7.
Conclusive research
Historical research technique
Descriptive research technique
Data Sources
Research Approaches
Research Instruments
Sampling Plan
Contact Methods
Telephone, Personal.
Sources of Data
Since I am suppose to find out the consumer preference of Royal Enfield Motorcycle. My
research is totally based on primary data but usually investigation is start by examining
secondary data to see whether the problem can be partly or wholly solved without collecting
costly primary data.
Primary data consists of original information gathered for the specific purpose whereas
Secondary data consists of information that already exist somewhere, having been collected
for another.
Primary Data
It is original data gathered specially for the project in hand. There are three widely used
methods for gathering primary data. They are,
1. Survey methods
2. Observation method
3. Experimentation method
In this project survey method is used. Survey method consists of gathering data by
interviewing limited number of people. Survey has the advantage of getting to the original
source of information. Personnel interviewing is the method used in the survey. When the
interviewing method is used, the researcher mostly prepares the standard forms to record the
interview. To assist in the survey, a questionnaire devised with all objectives in mind is
prepared.
Secondary Data
The secondary data is any data originally generated for some purpose, other than the present
research objectives, it includes the findings based research done by outside organization as
well as data generated in house for earlier studies, or even information collected by firm sales
or credit department.
Secondary data used for this project has been taken from company brochure, magazines,
journals, and books, web sites, web pages and by Interacting with company personnel.
Research Approach and Research Instrument
I used personal survey for collecting the primary data & research instrument was the
questionnaire. A Questionnaire consists of a set of Questions presented to respondents for
their answers. Personal surveys are those in which an interviewer obtained information from
respondents in face to face meeting.
My Questionnaire contains structured questions & consist opened, close-end, multiple choice
& dichotomous questions which the marketing researcher has decided to carry out a field
survey, he has to decide whether it is to be a census or sample survey. Sample survey is taken
to project.
Sampling Plan
Sampling The required information of any scientific inquiry way is following either the
courses method or the sampling method. Under the courses method information is collected
for each and every element of the population. In sampling method, information is collected
about only a part of the population and on the basis of this information conclusion is drawn
for the own population.
The efforts, money and time required for conveying out complete enumeration will be
extremely large and hence the census method cannot be adopted.
Sampling Plan:
Sampling plan calls for three decisions:
Sampling Unit:
The marketing researcher must define the target population that will be sampled. In
my project, sampling units are five namely workingmen, college guys, and
youngsters, old & general people who are using Royal Enfield motorcycle.
Sampling Size:
Sample size is the number of units people surveyed. Large sample gives more reliable
results than small samples but because of unavailability of finance, personnel and
money it is impractical for me to collect data from all members. In present project the
sample size is 120.
Sampling Procedures
The object of sampling is to choose a sample, which will faithfully reproduce the
characteristics of the population or universe. In present project non-probability
sampling is used which include Convenience sampling.
Convenience Sampling
It means selecting sample units in a fast fashion e.g. interviewing people whom we meet.
Convenient sampling also means selecting whatever sampling units are conveniently
available which means its a non-probability sampling. This method is also known as
accidental sampling because the respondents whom the researcher meets accidentally
are included in the sample.
Choosing of sampling Units
Each sample unit was selected by the research according to the fact as to whether
respondents would be in a position to supply necessary data. The quota to be followed
was also born in mind while selecting sampling unit.
Data Collection Instruments
All the required primary data are obtained from owners of Royal Enfield motorcycle through
personal interview where a set of pre-arranged questions were asked and their responses were
noted down to analyze. The secondary data was obtained through review of all sources
mentioned above.
Field Work
The study involves fieldwork of 60 days where in the respondents were contacted
individually. A set of questions was asked and their answers were collected and the
responses were administrated to analyze. The schedules were restricted to the areas
5-10 minutes per respondents. This study is conducted by taking 120 respondents
from various parts of Madurai areas.
Plan of Analysis:
Perhaps the most essential & gruesome task is the analysis of data. After the data was
collected from various sources, information was tabulated and was summarized in the form of
points and graph etc., On the basis of this analyzes, findings were noted and conclusion were
arrived and at studying the conclusion, suggestion are recommended and a suitable plans is
made on various function.
In the present project an attempt has been made to analyze the consumer preference of Royal
Enfield motorcycle in Madurai City by using the Questionnaire method. It was originally a
field-oriented task.
Methodological Assumption
Questionnaire was the only instrument used to conduct survey. The questionnaire was
prepared by keeping in mind the following factors, such as:
1. Simplicity and completeness of data is the logical sequences of the questions.
2. Data have been collected by circulating questionnaire to select a few samples only.
3. All primary data collected is true and reflect the actual intentions of respondents.
4. The data collected has been coded, tabulated and analyzed into logical statements
using simple statistical tools like tally, bar graph analysis.
5. Most of analyzed data is converted into percentage to facilitate easier interpretation of
data of data so obtained.
6. All the information is through respondents; hence the result is mainly and largely
dependent on primary data.