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A Study of Customer Satisfaction of Yamaha Bike Marketing2017
A Study of Customer Satisfaction of Yamaha Bike Marketing2017
Submitted for
Partial fulfillment of the award of degree of Bachelor Of
Commerce (Advt) From
Sant Hirdaram Girls College Bhopal
1
Acknowledgement
At the very outset I would like to express my sincere gratitude to Mr. ,
Prof. and for providing me with an opportunity to work on the project
on “Customer satisfaction of Yamaha bike”. I Feel proud of getting
such opportunity to get myself associated with an esteemed
organization like yahama. I am extremely thankful to our respected
course coordinator Mr. & Project Mentor faculty members of “SANT
HIRDARAM GIRLS COLLEGE” for giving me there wholehearted
support, guidance and encouragement to me at every step of this
project. There valuable suggestions and advices have been a constant
source of inspiration to me in completing this project.
2
TABLE OF CONTENT
ABSTRACT……………………………………...4
INTRODUCTION………………………………5-8
COMPANY PROFILE………………………….9-16
SWOT ANALYSIS……………………………17-19
OBJECTIVE OF STUDY……………………20-21
DATA COLLECTION………………………25-43
FINDING …………………………………….43
CONCLUSION………………………………44-45
SUGGESTION………………………………..46-47
ANNEXURE …………………………………48-49
3
ABSTRACT
In today’s media landscape where it’s very difficult to shape consumers
attitude and intentions and move them to next level of buying process,
advertisers find it even more difficult and challenging to break through the
clutter of competing advertisement. The advertising industry has
experienced dynamic changes over the last several decades. The changes
have been good in terms of Technology advancement, Medium and more
methods to attract consumers and on Creativity. This study represents how
creativity impacted advertising, also understanding the value of creativity
in advertising through the review of various literatures. The importance of
creativity factor in advertising has got wide recognition by many
researchers, practitioner, but there is a miss of true & systematic research
to define advertising creativity and how it relates to ad effectiveness. The
review study discusses some campaigns that have left their strong
impression on consumers. The presented review study tries to come up
with some evidence of creativity by reviewing expert views, past literature
in advertising, studied advertising campaign and marketing activities. The
study discusses different forum on how creativity works, and what makes
an ad to travel good or poorly. It summarized the value of creativity in
advertising through Expert interviews, published material and related
secondary data to understand the logic.
4
CHAPTER-1
INTRODUCTION
5
to provide information needed to guide marketing decision, market mix. It
acts as a support system to marketing management.
6
behaviour. Thus, MR is needed for removing the wide communication gap
between producers and consumers.
7
the present marketing system, consumers cannot be taken for granted.
Marketing research particularly consumer research gives valuable data
relating to consumers. It is possible to use such data fruitfully while framing
marketing policies. Thus, marketing decisions can be made pro consumer
through marketing research activities
8
BRIEF INTRODUCTION OF COMPANY
COMPANY PROFILE
Yamaha made its initial foray into India in 1985. Subsequently, it entered
into a 50:50 joint venture with the Escorts Group in 1996. However, in
August 2009, Yamaha acquired its remaining stake as well, bringing the
Indian operations under its complete control as a 100% subsidiary of
Yamaha Motor Co., Ltd, Japan.
9
10
The company pioneered the volume bike segment with the launch of its
100 cc 2-stroke motorcycle RX 100. Since then, it has introduced an entire
range of 2-stroke and 4-stroke bikes in India. Presently, its product
portfolio includes Crux (100cc), FZ(150cc) and R-15 (150cc), and
YZFR15 (150cc).
11
Grow through continuously innovating our business processes for
creating value and knowledge across our customers thereby earning the
loyalty of our partners & increasing our stakeholder value.
Customer #1
Challenging Spirit
Team-work
We are honest, sincere, open minded, fair & transparent in our dealings.
We actively listen to others and participate in healthy & frank discussions
to achieve the organization's goals.
Manufacturing Process:
12
The infrastructure at both the plants supports production of motorcycles
and it's parts for the domestic as well as oversees market. At the core are
the 5-S and TPM activities that fuel our agile Manufacturing Processes.
We have In-house facility for Machining, Welding processes as well as
finishing processes of Electroplating and Painting till the assembly line.
The stringent Quality Assurance norms ensure that our motorcycles meet
the reputed International standards of excellence in every sphere. As an
environmentally sensitive organization we have the concept of
"Environment-friendly technology" ingrained in our Corporate
Philosophy. The Company boasts of effluent Treatment plant, Rain water
- Harvesting mechanism, a motivated forestation drive. The IS0-14001
certification is on the anvil - early next year. All our endeavors give us
reason to believe that sustainable development for Yamaha will not
remain merely an idea in pipeline.We believe in taking care of not only
Your Motoring Needs but also the needs of Future Generations to come.
13
Industry profile
YAMAHA PRODUCTS
14
was easily applied to the making of metal frames and motor parts for
motorcycles. Yamaha Motor is the world's second largest producer of
motorcycles (after Honda). It also produces many other motorized
vehicles such as all-terrain vehicles, boats, snowmobiles, outboard
motors, and personal watercraft.
MOTORCYCLES
Yamaha Alba
Yamaha Frog
Yamaha Libero
Yamaha Gladiator
Yamaha Mest
Yamaha Eccy
Yamaha Passol
Yamaha EC-02
15
Yamaha Passol-L
Yamaha Yz85
Yamaha V-Star
Yamaha YZF-R1
Yamaha FZ1
PERSONAL WATERCRAFT
Wave Runner
WHEELCHAIRS
JW-IB
Banshee 350
Warrior 350
Bruin 350
REMOTE-CONTROLLED HELICOPTERS
Yamaha R-50
Yamaha R-MAX
OUTBOARD MOTORS
16
4 stroke series
2 stroke V6
OTHER VEHICLES
Yamaha has also built engines for other manufacturers' vehicles, most
notably the V-6 and V-8 engine for the Ford Taurus SHO. The Volvo
XC90 uses a larger version of the same Yamaha V-8 engine. They also
built Formula One racing engines from the late 1980s to the mid 1990s,
with little on track success. In 1991, Yamaha developed its F1 engined
supercar called the OX99-11 where two drivers sit in tandem in front of
the engine, but the project was canned due to the world recession and
lack of interest.
Yamaha is also one of the big 4 companies in the Personal water craft
market.
17
SWOT ANALYSIS
Strengths:
Yamaha Motor products extend from land to sea and even into the
skies, with manufacturing and business operations that include everything
from motorcycles, PSA electro-hybrid bikes, marine and power products
to automotive engines.
Has great brand name and commands lot of respect among bikers
community.
Weakness:
18
A series of unsuccessful and flop bikes have eroded the legacy of
RX100 and RXZ.
OPPORTUNITIES:
There lies lot of potential in 150cc and above segment and Yamaha has
not made enough inroads in this segment.
Threats:
Bajaj Auto and Hero Moto Corp have taken large part of the market
share from Yamaha.
19
IMPORTANCE OF STUDY
The research was carried out to find factors which influence customer
satisfaction level to maximum level. The study projects that customer
satisfaction level change with change in various factors like during sales
evaluation, during delivery of the vehicle and after sales evaluation.
This research is an attempt to provide feedback to Motorcycle
manufacturer Yamaha Motors India Ltd. so that they can bring about
changes in various departments of their organization which will help them
in becoming Number 1 motorcycle brand in India.
For instance during research factors such as technology, maintenance,
looks, style, brand image, behavior of dealers, timely delivery of
documents and bike and proper information about the product were
considered.
20
Chapter -2
OBJECTIVE
Secondary objective:
21
Chapter - 3
The scope of the study refers to the job that to know about the activities
of the organization. The study means that the analysis of the products of
the company on which he/she has to focus. During the training days the
volunteer need to find out the corporate strategies of the running company
and the mile stone which the company has covered during its journey. In
the research, it is necessary for the student that he /she involve with the
experience guys to get the knowledge about the company. That is how the
company has got the success, Or if it is going in the loss, why. During this
training period I have found that the yamaha group is the biggest group in
Indian companies. I felt that I can learn the more in the Money..
The prospect of the furniture sector in India seems positive. The Indian
furniture industry has awakened to interesting times! The last ten years
have seen changes in the shop windows of furniture retailers. Consumers
today no longer look for mere practicality in furniture, instead, they look
for theme furnishing, i.e. lifestyle living. Realizing the tremendous market
potential and to make the most of it, the study was undertaken.
22
Chapter – 4
Research Methodology
RESEARCH PROBLEM
23
Determining the Sample Size: Next step is to determine the number
of to be targeted from various ages, monthly salary, and gender. So a total
of 200 people were surveyed.
Collecting the data: The data was collected from various class of
people based on age, sex, income, location.
Analysis of Data: The data collected from various people was
segregated into various categories in order to analyze it. Analysis was
done based on more than 22 different parameters.
Generalization and Interpretation: Data was tested and upheld
several times, and then generalizations were drawn from the analysis.
Preparation for the report: Lastly report about the research is made.
Research Design:
24
Simple Random
Sample Design:
Sampling may be defined as the selection of the some part of an
aggregate or totality on the basis of which a judgment or interference
about the aggregate or totality is made. It is the process of obtaining
information about entire population by examining only a part of it in
which generalizations or influences are drawn based on the sample about
the parameter of population from which samples are taken.
Sample Size: A total of 73 people have been questioned for the purpose
of filling up the questionnaire.
Sample Size 75
25
Likert Scale
CHAPTER - 6
The research required collection of first hand primary data from the
respondents. The respondents necessarily were to be bike users. They
were exposed to a questionnaire containing different parameters for the
evaluation of their satisfaction level. The broad parameters were :
It was expected that the respondents were honest while answering the
questions with proper consideration of the brand image of the bike they
were currently using. the questionnaire contained likert scaling to rate
various parameters .
Service stations
26
Vehicle showrooms
Kanopy Place
M 97.
ale 5%
Fe
ma
le 5%
3%
27
Interpretations: Shown in the above graph shows that 97.5% male
has been preferably to motor bike and rest of female prefer than.
1
5
Married %
8
5
Unmarried %
28
23%
Age 77% Ab
Grou 18- 25- 35- ove
p 25 35 45 45
29
PERCENTAGE
40.00% 37.14%
35.00% 31.23%
30.00%
25.00% PERCENTAGE
20.00% 17.29%
14.34%
15.00%
10.00%
5.00%
0.00%
18-25 25-35 35-45 ABOVE 45
Interpretation:
37.14% age group of 18-25 preferred a motor bike, 31.23% of age group 25-
35, 17.29% of age group of 35-45 and the rest of age group above 45 years.
Student 47.17%
Service 36.07%
Business 16.76%
30
17%
Interpretation:
47.17% Student and 36.07% service man preferred motor bike and 16.76%
business person used bikes.
31
Rs.100
00- 31.1
15000 7%
Interpretation:
Rs.150
It is base on income i.e. 31.17% of income group
00- 43.6
Rs.10,000-15,000, 43.61% of Rs.15,000 - 250000,
25000 1%
15.17% of income group of Rs.25,000-35,000 and
35000 7%
6. Which company bike and models liked by all?
Rs.350
46.23
00- 6.68
Hero %
50000 %
21.47
Above
Bajaj %
Rs.500 3.37
00 % Yama 19.34
ha %
3.42
TVS %
Hond 9.78
a %
32
3%
10%
19%
Interpretation:
46.23% bike company and its models liked by people of Hero, second
position of Bajaj (21.47%) and third position of Yamaha (19.34%) and rest of
Honda (9.78%) and TVS (3.42%) companies.
21%
33
7. Are customer satisfaction towards Yamaha bike?
67.1
Yes 9%
32.8
No 1%
33%
Interpretation:
67.19% customer satisfy with Yamaha bike and unfortunately 32.81% can say
that they are not satisfied with their bikes.
Speed 34.6
34
7%
Mileag 16.3
e 9%
10.0
Design 5%
Pick 27.6
up 3%
Comfo 11.2
rt 6%
Chart Title
11%
35%
Interpretation:
28%
35
34.67% people says that they adopt Yamaha bikes for speed,16.39% says for
mileage, 10.05% for design, 27.63% for its pick-up and 11.26% for comfort.
36
9. People know about the new launches bike from Yamaha?
TV 33.
advertis 19
ement %
36.
Newspa 67
per %
4.4
Friends 2%
8.0
Internet 6%
17.
Hoardin 66
g %
37
18%
33%
8%
4%
Interpretation:
38
importance of creativity factor in advertising has got wide recognition by
many researchers, practitioner, but there is a miss of true & systematic
research to define advertising creativity and how it relates to ad effectiveness.
The review study discusses some campaigns that have left their strong
impression on consumers. The presented review study tries to come up with
some evidence of creativity by reviewing expert views, past literature in
advertising, studied advertising campaign and marketing activities. The study
discusses different forum on how creativity works, and what makes an ad to
travel good or poorly. It summarized the value of creativity in advertising
through Expert interviews, published material.
9.87
Passion %
Necessit 42.1
y 3%
Time 31.4
saving 7%
Commuti 16.5
ng 3%
39
10%
17%
Interpretation:
The most important things to likewise any brand of motor bike through
42%
company, brand, passion
31%and fashion, satisfaction and comfort ability i.e.
in the base of passion 9.87%, necessity 42.13%, time saving 31.47% and
commuting 16.53%.
40
11. Who suggest you to purchase a Yamaha bike?
F
a 3
m 2
i .
l 1
y 1
%
Y
o
u 4
r 1
s .
e 7
l 2
f %
F
r 2
i 1
e .
n 6
d 3
s %
41
O
t 4
h .
e 5
r 4
s %
5%
42%
Interpretation:
The common factor which the bike has been purchased is own need
somehow the other thing is family factor and friends suggestion and some
other factors.
22%
42
12. Which type brakes you like in your bike?
Disc 81.1
Brake 3%
Drum 18.8
Brake 7%
19%
Interpretation:
Around 82% people says that they like disk brakes but some says they
are comfortable with drum brakes.
43
Spoke 26.4
Wheel 4%
Alloy 73.5
Wheel 6%
26%
Interpretation:
The main attraction through spoke wheels and 73.56% agree with it, 26.44%
customers preferred to alloy wheels.
37.4
74%
Good 3%
Excelle 18.6
44
nt 7%
Satisfa 24.1
ctory 7%
Not 19.7
Good 3%
20%
37%
Good
Excellent
Satisfactory
Not good
24%
19%
Interpretation:
In the most preferred through experience i.e. the good, and excellence and
satisfactory based. In the survey it has been found that 18.67% excellence
and 37.43% has been telling about with good experience.
15. Did the customers attitude towards get the full value of money with
the product?
45
83.4
Yes 1%
16.5
No 9%
17%
Interpretation: Only 83.41% customers receive full value money has taken
but 16.59% people are not receive their money value.
RESULT DISCUSSION
The chart represents the analysis of the covered brands on the basis of
different parameters
83%
Hero Bajaj Honda TVS Suzuki Y
46
a
m
ah
a
of the six brands covered the respondents of Suzuki are generally married
while other brands have unmarried customers.
3. Hero and Bajaj are most favored brands when timely delivery of bike
comes into picture.
4. Suzuki customers says that they have to run after their dealers for the
documentation of the delivery done while others say they are satisfied.
6. The most important point that comes up after analysis is that customer
wants a change in Yamaha.
47
To conclude it can be said that almost every brand lacks in terms
of sales follow up except Hero. So this is the area where Yamaha can
focus and position its bikes.
Secondly, there is huge market for bikes because almost every bike
user wants to change its bike because of some or the other reason.
CHAPTER -7
FINDING
1. Customers are satisfy with the Yamaha bikes but they find its services and
repairs expensive.
2. Customers prefer to buy the sports series of Yamaha rather then buying its
mileage focused bikes.
CHAPTER 8
48
CONCLUSION
From the research following facts about Indian two wheeler industry
has been inferred:
TVS- Apache
Honda- Shine
49
In fact, the dealership of MORADABAD is found good having
with customers attitude and behavior to Dealership evaluation.
CHAPTER 9
50
1. INTRODUCTION OF NEW BRANDS – Yamaha should introduce
new bikes in the market. It will definitely make the market oligopolistic,
but will improve the condition of Yamaha .
4. It has been found from the research that Yamaha has got some loyal
customers but when it comes to Yamaha , people still talk about RX- 100.
Yamaha should develop a bike like RX-100, and this time mileage and
style should also be considered.
51
7. Provide better sales follow up which almost every brand lacks – the
research has showed that the bike users of all brands are dissatisfied with
their ‘after sales experience’ .this is a big loop hole which Yamaha can
use to improve its brand image and to gain more customers.
QUESTIONNAIRE
52
Contact- Place:
Model: cc:
Date of purchase:
1. Name: 2. Age:
a) Yes b) no
53
a) Speed b) mileage c) design d) pickup
e) comfort
9. From which source do you know about the new launches bike from
Yamaha?
54
THANK YOU
55