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Acknowledgement
Aim
1 General Introduction
2 Literature Review
3 Research Methodology
7 Conclusion
And Recommendation
8 References
9 Questionnaires
ACKNOWLEDGMENT
In performing our research we had to take the help and guideline of some
respected person who deserve our greatest gratitude. The completion of
this research us much pleasure. We would like to thank for giving good
guideline for the research throughout numerous consultation. We would
also like to expand our gratitude to all those who have directly or indirectly
guided us in writing this assignment
AIM
The aim of this research “Customer Satisfaction of Tata Nano” is to know
satisfaction level of Tata Nano user. After literature reviews and analyzing of
data gathered make a recommendation for addressing the problem faced by Tata
Nano user in Palampur area.
CHAPTER:- 1
General
introduction
GENERAL INTRODUCTION
Tata Nano, pet project of the chairman of the Tata Group Mr. Ratan Tata was a
car which was expected to change the face of automobile sector in India. In the
highly competitive small-car market of India, Tata Nano promised to set the bar
so high that it would become extremely difficult for the competitors to match.
The dream of owning a car for as little as Rupees 1 lakh (Rs.100, 000 – roughly
USD2500) was too tempting for millions of Indians who cannot afford even a
small car. The kind of extensive media coverage Tata Nano received right from
the day it was announced through the entire period until the first units were
handed over to the owners was something that its competitors dreamed of.
However, after two years of launch, the Tata Nano manufacturing plant at
Sanand in Gujrat, India is running at around 20% utilization.
Tata Nano” one of the India's biggest car company recently their long awaited
one lakh rupee in India with the name of “Tata Nano” with the launch of Tata
Nano’ it became the world’s cheapest car. The critics initially derided the,
concept mainly on the basis of the price target, more so as oil & steel prices
rocketed. But Ratan Tata is still kept his promises & delivered the Nano almost
his target price, forcing global car makers to make note. In fact many top
automobile giant are now scarring for the own version to meet growing
environment & cost concern. The People’s Car, designed with a family in mind,
has a roomy passenger compartment with generous leg space and head
room. It can comfortably sit four persons. Four doors with high seating
position make ingress and egress easy.
INTRODUCTION TO THE COMPANY CHOSEN
Idea behind manufacture of TATA Nano:
The idea for making the Tata Nano car is come in the mind of Rattan Tata when he saw a
family. It is like a short story. Once upon a time the chairman of Tata motors Mr. Rattan
Tata was going somewhere in market then suddenly he saw scooter on which a husband,
wife and two children were sited. We know on a scooter four people will face problem in
sitting. And unfortunately that day was a rainy day so those people were facing so many
problems on scooter. Then rattan Tata thought that I will launch a car which is affordable
for a middle class family too.
Unlike others low cost Indian cars, this is going to have a aromatic gear system. Instead
of manual gear box in conventional cars it is coming up as gear less or rather with an
automatic gear transmission. This helps to improve the efficiency and mileage by
magnifying the torque output. The People’s Car has a rear-wheel drive, all aluminum,
two cylinders, 623 cc, 33 PS, multi point fuel injection petrol engine. Balance shaft by
adhering to the fact that less weight requires less power, the 1 lakh car is made of light
weighing steel. This has made the Tata come up with a cheap alternative without
compromising with on safety and performance. Controversies also involved on Tata’s
planned manufacturing unit for the car in Singur, West Bengal, where the state
government of West Bengal has allocated 997 acres (4.03 km2) to Tata Motors. The
construction of car factory on that tract of land will require fertile agricultural land and
the expropriation and eviction of ca. 15000 peasants and agricultural workers.
Tata Nano - world's cheapest new car is unveiled in India Tata Motors, One of the
India's Biggest Car Companies recently launched their long awaited one lakh rupee car in
India with the name "Tata Nano". With the launch of Tata Nano, it became the world's
cheapest car. The critics initially derided the concept mainly on the basis of the price
target, more so as oil and steel prices rocketed. But Ratan Tata still kept his promise and
delivered the Nano almost at his target price, forcing global car makers to take note. In
fact, many top automobile giants are now scurrying for their own versions to meet
growing environmental and cost concerns he People’s Car, designed with a family in
mind, has a roomy passenger compartment with generous leg space and head room. It can
comfortably seat four persons. Four doors with high seating position make people easy to
enter and egress easy. The People’s Car, designed with family in mind, has a roomy
passenger compartment with generous leg space and head room It can comfortably seat
four persons. Four doors with high seating position make people easy to enter and egress
easy. Design unlike other low cost Indian cars, this one is going to have a aromatic gear
system. Instead of manual gear box in conventional cars it is coming up as gear less or
rather with an automatic.
CHAPTER:-2
LITERATURE
REVIEW
Satisfaction is crucial concern for both customer and organizations. Satisfaction is a
subjective concept and therefore difficult to determine. It depends on many factors
and varies from to person and product to product. The importance of customer
satisfaction in strategy development for customers and market oriented cannot be
under determined. Now a day it has become very important factor for each and every
organization to enhance the level of customer satisfaction. The overall study reveals
that It was found that the customer are mostly satisfied with price, design, safety
,mileage, interior space, status brand name, comfort level, spares part and after sale
service.
In this study concluded that mostly Tata customer purchased car on loan,
used the Tata car for personal purpose, having the car from 1-5 year and they
are recommended by their friends as well as take preventive maintenance
from authorized dealer. In case of level of customer satisfaction, It was
found that the customer are mostly satisfied with price, design, safety,
mileage, interior space, status brand name, comfort level, spares part and
after sale service. Finding pertaining to most influencing show that most
influencing factor for customer satisfaction in case of Tata motors were
mileage and interior space. At the end finding pertaining to competitive
position shows the customer preferred Maruti 800 as comparison to Tata
Nano but mostly customers are loyal with Tata Nano.
The present study is based on the awareness of TATA NANO cars among
the customers. A sample survey of 110 respondents was undertaken to find
out the awareness of TATA
This study attempts to find the factors, which are important for choosing the
revolutionary car ‘Nano’ launched by one of the leading Indian automobile
industry called ‘Tata
Motors’. The year 2009 has been significant for Indian automobile industry
as numbers of new models were launched for the domestic market and also
registered a significant growth in exports. The report published by Cygnus
research ranked Indian automobile sector to be number one on the basis of
sales growth and Profit After Tax (PAT) growth during October- December
09 over October- December 08 over other 14 manufacturing sectors. The
paper considers 22 factors, which may be important in the customer
decision-making process. Two approaches viz. Grey Relational Analysis and
RIDIT analysis is used to rank the factor.
India is rightly timed. The project is the realization of dream of Ratan Tata
Chairman of Tata groups to provide car to common men of India. The study
carried out intends to have an insight into prospective consumers mind for
the car Nano.. The finding of the study shows that price of the car is most
important factor for selecting Nano followed by the name TATA which
stand quite tall in the country. The color variant, style, fuel efficiency and
financing option offered by the company are other important factors which
attract the customers towards the car. Power, safety feature, prestige
involved, resale value of the car etc. are some of the features which ranks
low in the priority of the consumers.
The key to success of automobile industry lies not only in having good
designed vehicles but also in being able to provide the customer with the
level of service they desire.
Tata Nano. From the study it is understood that Tata’s initiative to come up
with such a car must be appreciated.
Tata Nano car has been one of the innovative products in designing the
“cheapest car.” It has caught attention and admiration from many major car
manufacturers all over the world during Geneva conference. The path of
Tata Nano car was not a easy one but had problems of shifting the Singur
plant to Sanand due to political pressures. With a strong faith and
creditability built by Tata Motors, their suppliers agreed to move to Sanand.
In 2009, much awaited Tata Nano car was launched and there was very good
response to car booking. This shows the customers confidence in owning
Tata Nano car. However there were also reports of Tata Nano not meeting
the safety standards and a incidences of fire.
The Tata Nano customers are not satisfied with the performance of the
car.
There is no significant difference between many attributes.
Due to longer waiting period, there is significant gap noticed in
waiting period.
Fire incidences reported earlier has an impact on the customer’s
satisfaction.
Customers are satisfied with affordability of the Tata Nano car
(Palampur, 2011).
A Tata Motor is one of the best cars manufacturing company in India,
customers are satisfied because of affordable price, but the maintenance
is a problem and resale value is very low. These are the two main reasons
and other reasons are customer care does not respond to customers
complaints, so the customers are dissatisfied. TATA Motors have to
improve its customer care and decrees the price of their spare part and
make available in all part of the country (Sharma, 2010).
The project work titled a studying on customer satisfaction towards
TATA NANO in Palampur City. The collected data was analyzed using
chi-square and Bar charts test.
Certain factors which inhabit and facilities the customer preference of the
availability and reduce the price were found out. Based on the inferences
draw certain suggestions have been recommended. In this study an
attempt is made to measure the customer analysis and preference about
these brands. It is found that customers are satisfied with their brands.
The quality teams have helped the service team to resolve repairs in the
most effective manner. The move helps in a revamped customer
complaints management programmed that is backed now by a post-
resolution feedback system to ensure lasting resolutions and customer
satisfaction, the spokesperson added.
\
Further, the company has worked on the supply side by re-working its
logistics management system for speedy spare parts delivery. It has also has
enhanced its distribution warehouse network with development of a
warehousing facility in Palampur.
Customer satisfaction studies with current TATA NANO owners indicate
that over 80% are satisfied or very satisfied with the car, because of it
being small yet spacious, its Performance, maneuverability, durability,
mileage and safety. Tata Motors Finance (TMF) will provide finance up
to 90% for the NANO at easy rates. TMF, which provides customer
finance for all Tata Motors vehicles. The move may help boost Tata
Nano’s flagging popularity, as sporadic incidents of the small car
catching fire has made it difficult for the company to push Nano sales
The Tata Nano will now come with a four year/60,000 km (whichever is
earlier) manufacturer’s warranty, at no extra cost. Besides being
applicable on new deliveries, the warranty is also being extended to all
existing owners of the car.
According to the report of Tata Company, NANO entered the Indian
roads in the year 2009 and it is the cheapest car in the world replacing
Maruti 800. This article was an introduction to Tata NANO car and its
features with detailed information on making of NANO. According to
this article, buying a car is the major dream for many people in India,
especially for middle income and rural people.
Even though two wheelers are widely used in India, people are still
looking to buy car according to their budget. Ratan Tata owner of Tata
Motors specified his views on NANO that it is the only car that has
fulfilled the dream of individuals to buy a car with general income. Tata
NANO price is one lakh Indian rupees which is equal to that of two
wheeler price.
The establishment of NANO can be considered as the competitive
strategy of Tata Motors in order to attract customers of all ends. The
detailed information on facts and figures of Tata NANO is explained in
detail and according to TATA report NANO is “the people’s car”. The
significant information available on Tata NANO is explained clearly but
still this article should be improved with new information on review of
Tata NANO customers.
Tata NANO is taken as an example in the research process and for this
specific reason this article is used in the research and analyzed according
to the research requirements. The report submitted by PCTI (2011)
includes significant information on overview of Tata NANO car along
with its features, benefits etc. This article includes the significant
information on conception and design of NANO car, expectations of
customers on NANO introduction, modular design, pricing strategy and
release date etc. On the other hand, this article even explained the impact
on NANO car on Indian economy along with opinions of different
analysts on Tata NANO car. This article includes a table that contains
detailed information on entire features of Tata NANO car and their
specifications. This article even explained the information on reviews of
different communities of people who has used Nano cars previously. The
actual failures and problems of Tata NANO car are explained clearly.
Finally this article includes the information on major competitors of
NANO car such as Bajaj Auto and some other electric cars.
Expectations created for the car during the run up to its production may
have been out of proportion with its realized success. By Indian rating
agency CRISIL, thought the Nano would expand the nation's car market
by 65%, but, as of late, news reports have detailed the underwhelming
response of the Indian consumer to the offering; sales in the first two
fiscal years after the car's unveiling remained steady at about 70,000 units
although Tata appears intent on maintaining a capacity to produce the car
in much larger quantities, some 250,000 per year, should the need arise.
This case study narrates the insightful and interesting story of Tata Nano,
the world's cheapest car. Though much applauded and publicized for the
feat of having manufactured a car at an impossibly low cost, Tata Motors
(the company which developed this car) faced many challenges in
making this car a viable commercial proposition. This paper discusses as
to what went wrong and what remedial steps could be taken to make this
car commercially successful.
In the first year, sales of NANO are two high and many low-income
customers purchased NANO car in the place of two wheelers. In simple
words NANO replaced Maruti 800 and became major competitor for
many other car companies in the automobile market.
The best example is that many companies are offering NANO car as
incentives and benefits to their employees. The low price of NANO
attracted many customers and allowed them to buy a car and fulfill their
dream. The maintenance of NANO car is even less according to low
budget of customers. According to this article no other car company in
the world is offering a car with one lakh rupees which can be considered
as the major competitive benefit to Tata Motors. Even though there are
many other cars in the markets with good features, most of the people
prefer NANO as the car because of its low price.
Even though two wheelers are widely used in India, people are still
looking to buy car according to their budget. Ratan Tata owner of Tata
Motors specified his views.
NANO that it is the only car that has fulfilled the dream of individuals to
buy a car with general income. Tata NANO price is one lakh Indian
rupees which is equal to that of two wheeler price. The establishment of
NANO can be considered as the competitive strategy of Tata Motors in
order to attract customers of all ends. The detailed information on facts
and figures of Tata NANO is explained in detail and according to TATA
report NANO is “the people’s car”. The significant information available
on Tata NANO is explained clearly but still this article should be
improved with new information on review of TATA, NANO customers.
Mentioned a study on “customer satisfaction, dissatisfaction and post
purchase evaluation: an empirical study on small size passenger cars in
India” with the main objectives to examine the satisfaction and impact on
future purchase decision and explore the performance of different
attributes in automobile in giving satisfaction to customer with the
sample size of 150 customers and they revealed from this study that
customers are highly satisfied with the performance of attributes like
pickup, wipers, etc. and other attributes like pollution, engine, battery
performance, and pick up influence the consumer future Purchase
decisions and consumer give the more importance to these factors.
The customer satisfaction level” with the sample size of 150 customers.
The objectives of the study was to identify the post purchase behavior
and customer satisfaction level and find the effectiveness of after sales
service of customer of Hyundai i10. They revealed from the study that
customers are satisfied with the car after purchase because its gives the
feel of luxury to customers and a convenience of smaller car in crowded
area
Revealed study on “Customer satisfaction towards Tata Motors - A study
on Passenger cars in Warangal district of Andhra Pradesh” with the
objectives to study the customer satisfaction with the usage of vehicles,
after sale service, key area of strength, pricing affects, service and
quality. They take the sample of 100 respondents and used the percentage
technique. They concluded from the study that majority of customers are
satisfied with the safety, dealer.
Studies how a new car buyer feels about his purchase and what factors
determine his reactions when he begins living with his new car.
CHAPTER:-3
RESEARCH
METHODOLGY
TYPE OF RESERCH: - DESCRIPTIVE
No category of educational research is more widely used than the type of known
variously as the survey, the normative surveyor descriptive research.
Descriptive research is concerned with the present and attempts to determine the
status of the phenomenon under investigation.
1. Survey testing.
2. The questionnaire
3. Interview
1. Survey testing
2. The questionnaire
This type of descriptive research uses the questionnaire as research tool for data
collection. It is the most frequently used in this type of research. Researches of
this type are employed for school and educational survey and also for
educational administration. Through this type of research is considered the easy
yet the investigator have to face the fall.
The following are the main advantage of the of questionnaire survey research:
Among the major advantage of the questionnaire is that it permits wide
coverage at minimum expense of both money and effort. It affords wide
geographical coverage it
Makes for greater validity in the result through promoting the selection of
large and more representative sample.
The validity of the questionnaire data also depends in a crucial way on
the validity and willingness of the respondent to provide the information
requested. Research has shown that respondents are group of superior
intelligence
DISCUSSION OF THE
PROBLEMS IDENTIFIED
AND
THE RELATE ISSUES
PROBLEM FACING OF TATA NANO.
1. Cost and Quality
2. Road
3. Catching fire
4. Service related problem
5. Problem with the electricity
From these words, it seems to be the summer season will get Nano a fire drive.
Figure 1(Tata Nano catches)
2. Road
Indian roads are different from those German roads. During rainy season,
Nano losses its stability. After a good rain, our roads get muddier and
Nano’s tiny wheel’s would sink into mud. If Tata engineers could have
developed the design for use on poor and unpaved roads with tall wheels and
lots of ground clearance, Nano could have been a best budget vehicle. In
huge gutters, Nano couldn’t survive due to its low displacement
CHAPTER:-5
OBJECTIVE
AND
FINDING
OF THE WORK
OBJECTIVE
The objective of this assignment is to conduct a research on some of the
problem that is faced by Tata Nano customer. The main objectives of the
study to accomplish our aim are given below.
2) Introduction
The point of a SWOT analysis is to help you develop a strong business strategy by making
sure you’ve considered all of your business’s strengths and weaknesses, as well as the
opportunities and threats it faces in the market place. S.W.O.T. is an acronym that stands for
Strengths, Weaknesses, Opportunities, and Threats. A SWOT analysis is an organized list
of your business’s greatest strengths, weaknesses, opportunities, and threats.
Strengths and weaknesses are internal to the company (think: reputation, patents, location).
Change them over time but not without some work. Opportunities and threats are external
(think: suppliers, competitors, prices) they are out there in the market, happening whether you
like it or no (Berry, 2009).
3) Strength
Very affordable price.
Easy to drive in traffic conditions.
Innovative engineering which provides better facilities compared to same segment cars.
Low maintenance and handling cost.
Good fuel efficiency.
When it was introduced it created a huge buzz in the global automobile industry being a
Price itself was a major strength factor for the mini magical vehicle which created a sensation
all over the world. Even US president Obama was all praises for the Nano during his Indian
visit, an appreciation which soon spread across the world. The five setter car Nano from Tata
finally arrived in the market. The strengths of the product included its small size, ease in
handling and good mileage efficiency. It directly took on the motorcycle market and tried to
attach a status symbol to itself such that customers prefer the Nano above buying a
motorcycle. Thus they get a four wheeler instead of a two wheeler. However, sales did not
happen as expected and Tata Nano lagged behind (Goodrich, 2015).
4) Weakness
Perceived as a cheap product which repels the aspirational customers.
Setting up of production plant in WB caused a lot of tension.
Smaller fuel tank and less powerful engine.
Limiter international presence.
The launch price came in two variants ranging between 1.2 lacks to 1.5lacs. It
was 20 – 50% higher than the proposed rates which was a major setback to
customers. Within a few months of initial sales, technical problems were found
in the product and there were a few reports of Nano catching fire, which further
weakened the trust for the brand ‘Nano’ as a whole. Tata also faced political
problems and had to shift the plant location which led to production delays. And
now due to inflation, Nano’s prices have further increased due to increase in the
prices of raw material such as steel, rubber and others (Goodrich, 2015).
5) Opportunity
Capitalize on the fact that it is the most affordable car and acquire new
customers.
Increasing per capita income and purchasing capability of potential
customer base.
Introduce CNG model at the earliest and attract the public passenger car
segment.
Increase international market presence especially Europe.
Augmenting the distribution and service network in various countries
(Goodrich, 2015).
6) Threats
Increasing fuel costs.
Competition from other big automobile giants.
Competitive products offering same level features at a lesser price.
Product innovations and frugal engineering by competitors.
Customer perception of a cheap car can lead to loss of sales.
After the launch of Nano there were many manufacturers who wanted to take
advantage of the hype of the Tata Nano, and started working on manufacturing
an alternative for Nano. Upcoming cars like H800 from Hyundai priced around
1.6 lakh, Maruti Servo 600cc priced around 1.7 lacks to 2lacs were imposing
threats to further growth of Nano’s market share.
Vehicles like Alto, Chevy Spark and second hand vehicles were major
substitutes for Nano. People were looking for alternatives for the main reason
that it cannot be much used for driving in highways or long distances as the
engine cc is low. The main threat was from an indirect competitor –
Motorcycles. Nano was in between motorcycles and car and it was proving to
be unreliable due to technical glitches. Thus some people were going for the
cost effective solution of buying motorcycles thereby affecting Nano sales
(Goodrich, 2015).
The Nano has a jelly bean design with its tall design language. Some also claim
that the Nano is inspired from SMART series of cars. The company wanted to
make a small car but without it being too congested. A design which shouldn’t
look compromised. The Nano has a sloping pillar which flows above the roof
and falls on the tail in the form of a moon’s crescent. The ultra slim tail lights
give the car a smart profile.
Figure 2(Maruti Alto 800)
The Alto 800 looks as if the designers submitted their mast minute job to their
bosses. It seems copied from other popular selling models like the Fig. 20 etc. It
looks tacky and makes the classic 800 make a lot better compares to this. A
myth that small budget cars cannot look good was broken by Hyundai when
they launched the Eon. The Alto 800 does e 24 of 57 not impress seen from any
corner. Be it the unfinished design language or the weirdly small tyros. This car
snatches the crown of being the most disappointing design from Estilo.
The Nano’s interiors have recently gone through an upgrade and now offer
features like music system, Bluetooth connectivity etc. It has power windows
for the front row seats while the rear does not get them. This is the most
spacious micro hatch you will come across. Even the taller passengers cannot
possibly crib of any space issue as the Nano is wider, taller and longer then a
normal micro hatch. Tata claim this one to be 20% more spacious than the 800.
Figuratively, it may sound less but then in real it is quite a lot.
The Alto 800 may not be as spacious as Tata offering but then average sized
passengers won’t be complaining at all. It manages to offer some basic frills and
gizmos which are not engaging for the driver but then connects better with the
audience of such cars.
The Alto 800 has a bigger engine as it has a 796cc petrol engine which produces
a power output of 48PS at 6000 rpm and a torque of 69Nm at 3500 rpm. It has a
5 speed manual transmission. The Alto 800 claims to be a better handler than its
earlier versions but then it misses on the punch. The Alto 800 doesn’t perform
as effective as the earlier Alto K10. This being a small hearted takes tremendous
efforts to haul the car and overtake others.
Figure 3(Tata Nano)
The Tata Nano is equipped with a 624cc two cylinder MPFI engine which
produces 38 PS power at 5500 rpm and a torque of 51Nm at 4000 rpm. It has 4
speed manual transmissions. The Nano has a very functional engine and not at
all peppy. It has decent handling. The shortage of power that’s felt on long free
roads is however compensated in traffic jams. One can take this vehicle through
any corner of any dimension possible. So when all the big high performance
cars are stuck in jams, the pint sized Nano can take you through the rough
tarmac beside the road and envy all.
Tata Nano being cheaper does not make any less than the Maruti Alto 800. With
the top-end LX Nano, we can expect two front power windows and an efficient
air conditioning system as well as fog lamps, which surprisingly are not
available in the Maruti Alto STD. In terms of space, Maruti Alto 800 is the
favorite, with ample space to carry four individuals easily (five at a squeeze)
and luggage carrying volume of close to 170 litres compared to 80 litres of
Nano. That said, the Nano has as much head room and leg room as the Alto for
all the four passengers, which makes it unexpectedly spacious.
4PS OF MARKETING
The definition that many marketers learn as they start out in the industry is:
Putting the right product in the right place, at the right price, at the right
time.
It's simple, just need to create a product that a particular group of people want,
put it on sale some place that those same people visit regularly, and price it at a
level which matches the value they feel they get out of it; and do all that at a
time they want to buy. Then you've got it made.
There's a lot of truth in this idea. However, a lot of hard work needs to go into
finding out what customers want, and identifying where they do their shopping.
Then you need to figure out how to produce the item at a price that represents
value to them, and get it all to come together at the critical time.
But if you get just one element wrong, it can spell disaster. You could be left
promoting a car with amazing fuel-economy in a country where fuel is very
cheap; or publishing a textbook after the start of the new school year, or selling
an item at a price that's too high – or too low– to attract the people you're
targeting.
The marketing mix is a good place to start when you are thinking through your
plans for a product or service, and it helps you avoid these kinds of mistakes.
Understanding the Tool
The marketing mix and the 4Ps of marketing are often used as synonyms for
each other. In fact, they are not necessarily the same thing.
A good way to understand the 4Ps is by the questions that to ask to define your
marketing mix. Here are some questions that will help you understand and
define each of the four elements.
. Product/Service
What does the customer want from the product/service? What needs does it
satisfy?
What features does it have to meet these needs?
Are there any features you've missed out?
Are you including costly features that the customer won't actually use?
How and where will the customer use it?
What does it look like? How will customers experience it?
What size(s), color(s), and so on, should it be?
What is it to be called?
How is it branded?
How is it differentiated versus your competitors?
What is the most it can cost to provide, and still be sold sufficiently
profitably (James Manktelow & Amy Carrion)?
Place
Where do buyers look for your product or service?
If they look in a store, what kind? A specialist boutique or in a
supermarket, or both? Or online? Or direct, via a catalogue?
How can you access the right distribution channels?
Do you need to use a sales force? Or attend trade fairs? Or make online
submissions? Or send samples to catalogue companies?
What do you competitors do, and how can you learn from that and/or
differentiate?
Price
What is the value of the product or service to the buyer?
Are there established price points for products or services in this area?
Is the customer price sensitive? Will a small decrease in price gain you
extra market share? Or will a small increase be indiscernible, and so gain
you extra profit margin?
What discounts should be offered to trade customers, or to other specific
segments of your market?
How will your price compare with your competitors? [James Manktelow
& Amy Carrion]
4Promotion
Where and when can you get across your marketing messages to your target
market?
Will you reach your audience by advertising in the press, or on TV, or
radio, or on billboards? By using direct marketing mailshot? Through PR?
On the Internet?
When is the best time to promote? Is there seasonality in the market? Are
there any wider environmental issues that suggest or dictate the timing of
your market launch, or the timing of subsequent promotions?
How do your competitors do their promotions? And how does that
influence your choice of promotional activity (James Manktelow & Amy
Carrion)?
Enhancement in 4Ps of marketing
The 4Ps of marketing is just one of many lists that have been developed over
the years. And, whilst the questions we have listed above are key, they are just a
subset of the detailed probing that may be required to optimize your marketing
mix.
Amongst the other models that have been developed over the years is Boom and
Bitner's 7Ps, sometimes called the extended marketing mix, which include the
first 4Ps, plus people, processes and physical layout decisions.
The model can be used to help to decide how to take a new offer to market. It
can also be used to test your existing marketing strategy . Whether you are
considering a new or existing offer, follow the steps below help you define and
improve your marketing mix.
Start by identifying the product or service that you want to analyze.
Now go through and answer the 4Ps questions – as defined in detail above.
Try asking "why" and "what if" questions too, to challenge your offer. For
example, ask why your target audience needs a particular feature. What if
you drop your price by 5%? What if you offer more colors? Why sell
through wholesalers rather than direct channels? What if you improve PR
rather than rely on TV advertising? [James Manktelow & Amy Carrion]
Maslow was a behavioral scientist; spend most of life in analyzing the behavior
of workers.
Maslow’s theory relates the hierarchy of needs and the motivation of workers.
For example if you take any normal worker they set a specific goal or need and
motivate themselves, when it is achieved they motivate them self for the next
goal. So, for motivating anyone the knowledge of his need is very important and
according to the needs a worker can be placed in any one of the hierarchy of
needs. The hierarchy is provided below in figure. For each category of need,
suitable motivation is provided in this theory.
Figure 4(Maslow's theory)
Physiological Needs includes basic needs like food, clothes, shelter, sleep etc. Safety Needs
includes physical safety, income loss, stability etc. Social Needs includes love, support,
friends etc. Esteem Needs includes appreciation, promotion, rewards etc. Self-actualization is
thinking of people for them and this includes self-respect, personal growth etc. Maslow
theory is of utmost important for Ambey spinning mills because this theory deals with
motivating workers according to their needs. Since many of problems identified falls in this
pyramid of needs like safety needs and social needs.
1) Sampling Frame: - The list of sampling units from which sample is taken is called
sampling frame. Palampur City map was studied thoroughly and samples were
selected from the place in a scattered manner to get effective result.
2) Sampling Technique: - Convenient Sampling.
3) Sampling Size: - Total sample size is 25 and got back 23
samples. Response rate: 92 %( percentage).
CHAPTER:-6
Category
F
M
34.8%
65.2%
17.4%
17.4%
8.7%
Questionnaire filled by below 18 i.e. 17.4%.
Questionnaire filled by 19 year old i.e. 8.7%.
Questionnaire filled by 20 year old i.e. 17.4%.
Questionnaire filled by 21 year old i.e. 8.7%.
Questionnaire filled by 22 year old i.e. 17.4%.
Questionnaire filled by 23 year old i.e. 13.0%.
Questionnaire filled by 24 year old i.e. 2.3%.
Questionnaire filled by 28 year old i.e. 8.7%.
Questionnaire filled by above 36 year old i.e. 4.3%.
3. Occupation
Pie Chart of
Occupation
Category
other
professional
13.0%
student
13.0%
73.9%
of the respondent which have opted occupation of professional i.e.
Qualification
43.5%.
Qualification of the respondent which have opted occupation of student i.e. 73.5%.
Qualification of the respondent which have opted occupation of other i.e. 43.5%.
4 . INSPIRATION OF NANO
4.3% Price
17.4%
60.9%
4.3%
17.4%
39.1%
30.4%
30.4%
21.7%
This pie chart tells about Tata Nano is cheap or economical and opinions of the user
given below in the percentage:-
30.4% of the respondent agrees.
21.4% of the respondent disagrees.
30.4% of the respondent neutral.
17.4% of the respondent strongly disagrees.
7. Is Nano People’s car
13.0%
56.5%
13.0%
Yellow
26.1%
17.4%
This pie chart tells that which color preferred for Nano.
27.7% of the respondent prefers blue color.
26.1% of the respondent prefers red color.
17.4% of the respondent prefers white color.
34.8% of the respondent prefers yellow color.
9. Preferable car
34.8%
60.9%
4.3%
52.2%
34.8%
26.1%
39.1%
8.7%
26.1%
This pie chart tells that expected feature in Nano are given below:-
26.6% respondent prefers good mileage.
8.7% respondent prefers good seating capacity.
26.6% respondent prefers high quality.
26.6% respondent prefer low price.
Page 43 of 57
Category
Agree
Disagree
Neutral
21.7% 21.7%
Strongly Agree
26.1%
30.4%
CHAPTER:-7
CONCLUSION
AND
RECOMMENDATIONS
5.1 CONCLUSION
Majority of people in regions have vehicle and mostly two wheeler almost every person of
the papam
5.2
RECOMMENDATIONS
5.2.1 Focus on youth
To build a youthful and aspirational value around the brand, Tata Motors through its
'awesomeness' branding and marketing campaign worked with fashion designer Masaba
Gupta on the launch of the Twist. The makeover campaign is an attempt to get youngsters to
look at the Nano as a fashion accessory. "Young consumers want complete accessorisation in
the car like alloy wheels, different interiors, spoilers and graphic designs," explains Arora.
The company promises more on-ground activities and showcases at colleges to woo the
youth.
Dear respondents,
We Neelam and shusil are conducting a research on the topic “customer
satisfaction about Tata NANO” And we request you to fill the following
questionnaire. This will take 3-5 minutes of your time and we promise to keep
the information confidently.
Email ID:-
Purple
Other
r
10. Which small car would you prefer to buy?
Options mark
a) Maruti 800
b) TATA NANO
c) Other
13. Which marketing source will initiate you to purchase a Nano car?
Options mark
a) Advertisements
b) Marketing staff
c) Feedback and review of existing
customers
d) All the above