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Marketing Management - Project Report - 2nd Draft
Marketing Management - Project Report - 2nd Draft
Group 7
Vikram Mudholkar (1916038)
Jayadeepan Murthy (1916039)
Gulam Nabi (1916040)
Vinay Arakali Nagaraja Rao (1916041)
Ramya Sri Padma Sadasivuni (1916042)
Pusparghya Pakrasi (1916043)
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Contents:
1. Introduction
2. Objective
4. Analysis
5. Marketing Approach
b. Positioning
response)
i. Promotion mix
ii. Product
iii. Price
iv. Place
6. Legality of Carpooling services such as Quick Ride
7. How Quick Ride earns money and why is this objective beneficial for Quick Ride?
8. What users of Quick Ride have to say about Carpooling? (source: Quick Ride
website)
9. Survey Link
10. References
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Introduction:
Vehicular pollution has growing at an alarming rate due to fast urbanisation in India. The air
pollution from vehicles in urban areas, particularly in big cities, has become a serious
problem. The pollution from vehicles has health hazards like cough, headache, nausea,
irritation of eyes, various bronchial and visibility problems.
India emitted 2,299 million tonnes of carbon dioxide in 2018, a 4.8% rise from last year,
according to a report by the International Energy Agency (IEA). India’s emissions growth
this year was higher than that of the United States and China.
Also, the everyday struggle and effort of dodging traffic and pollution is the biggest cause of
chronic stress and many physiological problems. On an average, a person spends anywhere
between 30 minutes to two hours of their day driving i.e almost 360 hours an year.
Objective:
Reduce one million cars and at least 3000 tons of Carbon-di-oxide (CO2) emission, every
day, from Indian roads by 2020.
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While the first 3 options require administrative and government push and intervention,
carpooling as a solution can be readily implemented as the infrastructure (private cars) are
already available, we need to drive awareness and adoption. The idea is maximizing
utilization of available resources and filling empty seats on the road.
This report targets to use Carpooling which is a low hanging fruit to address the objective and
the provider is Quick Ride (https://quickride.in/). The product is already available in the
market.
Note:
1. Quick Ride also provides bike ride services however this project is concerned with
reducing cars from roads and hence Carpooling is the subject here
2. The objective is from goal mentioned by Quick Ride (LINK)
Analysis:
Focusing on the top 4 cities in terms of registered cars can lead to achieving ~80% of daily
car removal target across India (1 million daily car reduction).
Below is the analysis on number of registered vehicles in 9 cities and possible cars to remove
daily with corresponding CO2 emission reduction.
We can in fact reduce daily CO2 emission by more than 6 times (19K tons per above
calculation) the least daily emission reduction target (3000 tons) we have set out initially if
we can remove 1 million cars daily from Indian roads through carpooling service.
Conversely, if we want to reduce 3000 tons of daily CO2 emission which is the least daily
emission reduction target we have, we would need to remove ~156,000 cars daily by 2020.
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Quick Ride is currently doing estimated 90,000 daily rides across India. So, the growth
numbers seem viable.
Overall, using both approaches, the numbers do add up and the target goal is achievable!!
Marketing Approach:
Drive Awareness
Segmentation &
Positioning & Adoption (How,
Targeting
Where etc.)
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Has a heightened sense of civic duty
Prefers to study/work during commute
Prefers to watch Netflix/Hot star on way to work
Likes to spend money on experiences
Doesn’t like to take public transport
Profiling variables
A1, A2, B1 of SEC construct
Is mostly not native to the city they are working in
Works in the IT / Technology industry
Has at least an undergraduate degree
Positioning
Such a service should be positioned as a Purpose driven approach transcending economic
and functional needs. It must educate people that Carpooling is a cultural shift and encourage
more people to do so. People should feel the need to care for the environment and feel proud
about the benefits of the Carpooling service they are availing. There needs to be a sense of
ownership and purpose behind the providing and availing Carpooling services. Quick Ride
can also create hashtags such as “#IamCarPooler, #ICareforEnvironment” etc. and channelize
their marketing efforts by developing integrated marketing campaign. Some of the multi-
marketing channels recommended are given below:
While paid marketing and Referral programs will cover the base required, other marketing
channels such as Content, PR marketing, Citizen need to cover the overarching purpose.
Citizen initiative drive can be to encourage people to share their experiences and why they
opt for Carpooling. Super app is to have an ecosystem of services and can also integrate with
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Google services so that when someone searches for a destination, the option of a Carpooling
option is also shown along with Uber and Ola.
Primary reasons for Carpooling (from survey response)
We could validate the hypothesis about behavioural profile of desired Carpooling customers
feeling strongly for environment from survey response. 50% of Carpool users do so because
they “Care about Environment” while monetary benefit as a reason isn’t a significant factor
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3 biggest challenges/inhibitors are (a) Supply issue (more ride takers than ride providers), (b)
Haven’t considered Carpooling (lack of adoption and (c) Worried about Safety. These issues
can be addressed by different marketing activities as mentioned above.
Quick Ride does a good job with profile verifications through Government ID verification,
professional credentials verification through Company Email id and registered mobile
number verification. However, this needs to be communicated to users as Safety seems to be
a top inhibitor.
Awareness doesn’t seem to a hurdle as 94% of respondents in our survey mentioned they
have heard of Carpooling services however Adoption needs to improve as it seems to a major
challenge indicated in survey.
a. Promotion Mix
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b. Product
1. Sign Up%
2. DAUs
3. MAUs
4. Supply%
5. Ride match%
1. Institute a Carbon Score for each user – This will be the primary driver for the
adoption campaign
2. facilitate easy content discovery on the app store (ASO)
3. product page CRO (conversion rate optimisation)
4. A/B test app store fields continually
5. aggressively pursue user reviews
6. bake referrals-and-rewards into product usage
7. crash-free product (regular updates and bug fixes)
Equal share of Quick Ride users indicated improvement areas in the current product along the
lines of (a) Streamlined search results, (b) Time to reach, (c) Penalizing when cancelled at
last moment
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c. Price
The current incentive mode used is a Commission based referral program. Going forward,
Quick Ride can explore Referral program and Royalty program in order to drive adoption.
To comply with Motor Vehicles Act Section 66(1), Carpool providers aren’t paid direct cash
but fuel points that can be used in car maintenance.
d. Place
Quick Ride should explore city-based marketing approach and provide services in the top 10
cities with the most 4 wheelers registered, which are Delhi, Bangalore, Chennai, Mumbai,
Hyderabad, Pune, Chandigarh, Ahmedabad, Jaipur, Kolkata. Quick Ride has services in all
these cities except Ahmedabad, Jaipur and Chandigarh. So, these are expansion opportunities
However, as seen before, targeting the top 5 cities that have highest registered cars in India –
Delhi, Bangalore, Mumbai and Chennai can lead to achieving 80% of car removal target of 1
million. These 5 cities should be the prime target focus to achieve the necessary objective.
How Quick Ride earns money and why is this objective beneficial
for Quick Ride?
Quick Ride charges 6 percent commission on the points exchanged/paid by the users of
Quick Ride platform to provide/avail carpooling services. The company is generating INR 7-
75 lakhs monthly revenue and is reported to grow at 25% month-over-month. (LINK)
Apart from the environment benefit of reducing CO2 emission, increasing more carpooling
rides by removing cars from Indian roads will lead generating higher commission earned and
hence will lead to increase revenue. Hence, the objective will lead to revenue generation for
Quick Ride.
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What users of Quick Ride have to say about Carpooling? (source:
Quick Ride website)
References
http://www.yourarticlelibrary.com/pollution/vehicular-pollution-in-india-2118-words/19796
https://www.thehindu.com/sci-tech/energy-and-environment/indias-carbon-dioxide-
emissions-up-5/article26646376.ece
https://data.gov.in/resources/category-wise-detailed-total-registered-motor-vehicles-
million-plus-cities-india-3132016
https://www.mapsofindia.com/top-ten-cities-of-india/top-ten-highest-no-of-car-
ownership.html
https://www.epa.gov/greenvehicles/greenhouse-gas-emissions-typical-passenger-vehicle
https://www.quora.com/If-giving-a-lift-is-illegal-are-ride-sharing-apps-like-Quick-Ride-and-
RideIt-illegal
https://www.google.com/search?
q=motor+vehicles+act+section+66(1)&rlz=1C1CHBF_enIN768IN768&oq=moto&aqs=chrome.
0.69i59j69i57j0l4.1088j0j4&sourceid=chrome&ie=UTF-8
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https://yourstory.com/2019/08/quick-ride-hits-2-million-registered-car-poolers
https://yourstory.com/2016/01/quickride
https://blog.quickride.in/quick-ride-safety-features-for-a-safe-and-secure-ride-share/
https://blog.quickride.in/how-quick-ride-burst-the-bubble-of-carpooling-is-a-myth/
https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/car-and-bike-pooling-
platform-quick-ride-in-talks-to-raise-4-million/articleshow/65509770.cms
https://www.channelplay.in/india/resources/glossary/what-is-sec
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