A Study On Customer Satisfaction Towards KTM Bikes in Erode

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Journal of Human Resource and Customer Relationship Management

Volume 4 Issue 1

A Study on Customer Satisfaction towards KTM Bikes in


Erode

K.V. Shanmugavadivu , G. Kalaimani


Assistant Professor/ Research Scholar,Assistant professor
Department of Business Adminstration
Kongu Arts and Science College (Autonomous), Sri Vasavi College Erode
Corresponding Author’s email id: vadivuanand77@gmail.com
DOI:- http://doi.org/10.5281/zenodo.3756626

Abstract
Customer satisfaction is defined as a measurement that determines how happy
customers are with a company's products, services, and capabilities. Customer
satisfaction information, including surveys and ratings, can help a company
determine how to best improve or changes its products and services. It is a
measure of how products and services supplied by a company meet or surpass
customer expectation. Consumer preference is defined as the subjective tastes
of individual consumers, measured by their satisfaction with those items after
they’ve purchased them. Customer satisfaction provides a leading indicator of
consumer purchase intentions and loyalty. Customer satisfaction data are
among the most frequently collected indicators of market perceptions.

Keywords:- Customer expectations, consumer preference, customer


satisfaction, customer loyalty and customer perception

INTRODUCTION how consumer utility compares between


Consumer preference is defined as the different items.
subjective tastes of individual consumers,
measured by their satisfaction with those Consumer preferences can be measured by
items after they’ve purchased them. This their satisfaction with a specific item,
satisfaction is often referred to as utility. compared to the opportunity cost of that
Consumer value can be determined by item since whenever you buy one item,

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Journal of Human Resource and Customer Relationship Management
Volume 4 Issue 1

you forfeit the opportunity to buy a and children's wear. Today, however,
competing item. parents are asking their children for
opinions more than ever, including what
WHY CONSUMER PREFERENCE IS kind of car would best suit the family,
IMPORTANT? where to go to dinner and even what
Because consumer preference determines clothing the parents should buy for
what products people will buy within their themselves. As a result, clothing retailers
budget, understanding consumer are putting more emphasis on their
preference will give you an indication of children's departments.
consumer demand. This information will
help to ensure that you have enough Preferences for Larger Selections
products to meet demand and will help you In addition to getting older, Americans are
determine the price for your product. also getting larger. In 2017, more than
one-third of adults and one-in-six children
Consumer Preference Examples were obese, a trend that is only expected to
When it comes to consumer products, increase. These consumers know that just
change is always a constant. Before smart because they are larger, wider or thicker
phones arrived on the market, for example, than the average customer, it doesn't mean
most people preferred small cell phones they shouldn't have well-fitting clothes.
that they could put in their pockets over
larger handsets. A Need for Speed
Regarding the online shopping experience,
A Growing Taste for Activity one-week delivery times are now passé.
As the American population ages, a More consumers are developing a
growing number of people are turning preference for nearly instant gratification.
towards products that are geared towards Supermarkets are now offering same-day
activity and longevity, which represents a delivery, while Amazon is developing an
$7.6 trillion opportunity for the right army of drones that will be able to deliver
products. online purchases just as quickly.

Younger Influencers Preference Tests


Years ago, a child's influence on a parent's Preference testing is useful when you want
purchasing decisions was limited to toys to compare one product to another. The
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Journal of Human Resource and Customer Relationship Management
Volume 4 Issue 1

consumers are given two or more products Difference Tests


and asked which they prefer. Once their As its name suggests, difference testing
preferences, or lack of preference, are measures how well consumers can tell the
recorded, you can then analyze the results difference between two products. For
to determine which product is preferred. example, if your company has developed a
You cannot, however, determine how new soda, you could ask consumers to
much each product was liked using this compare it to a previous version you sold,
method. as well as to similar competitors’ sodas,
for aspects like sweetness. While this test
Acceptance Tests itself doesn’t reveal preferences, it can
Acceptance testing can determine how provide insight into products when used
much a product is liked. Instead of stating with any of the other tests.
which product is preferred compared to
others, the consumers are asked to give a STATEMENT OF THE PROBLEM
score to each product based on their like or Two wheelers play a vital role in human
dislike for it. This test is also called life. The best mode of transport for middle
hedonic ranking. Usually, the scoring class family is a two wheeler and is a need
system is based on a nine-point scale, for everyone in the family. As people want
ranging from extreme like to extreme to increase their standard of living, the
dislike, with neither dislike or like in the production and usage of two wheelers
middle. have also substantially increased. The
customer’s preference for two wheeler is
Ranking Tests based on his taste and priorities. In a
A third way of determining consumer market oriented economy the consumer
preferences is to use a ranking test. expect the right type and the right quality
Ranking tests are usually best for of goods at the right time and at the right
comparing consumer preference between price.
three or more products, which the panel
ranks according to their preference. A This study is to find out the factors which
ranking test does not reveal how much influence the customers to buy the KTM
more consumers like one product over bike and also to find out the improvements
another. that can be made in the KTM bike in order
to attract the customers.
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Journal of Human Resource and Customer Relationship Management
Volume 4 Issue 1

OBJECTIVES OF THE STUDY  It helps in getting feedback about the


 To study the socio - economic product quality. The project helps to
characteristics of the respondents. put in to practice the theoretical
 To identify the factors that influences aspects of the study into reality.
the respondents to purchase KTM
bikes. RESEARCH METHODOLOGY
 To measure the level of satisfaction Research is an out of scientific
towards KTM bikes. investigation and research methodology is
 To find out the problems faced by the a way to systematically solve the research
respondents towards KTM bikes. problem. Hence the methodologies for
each research problem need to be designed
SCOPE OF THE STUDY: by the researcher through a research.

 This study highlights the preference of


the customers towards the KTM bikes. RESEARCH DESIGN
It is a conceptual structure within which

 The scope of the study was extended research should be conducted. Thus the

only to the respondents of erode. preparation of such a design facilities


research to be as efficient as possible and

 It does not cover all the consumer will yield max information

using KTM vehicles. .


DESCRIPTIVE RESEARCH DESIGN
Descriptive research design includes
 The result of the study are use full to
surveys and fact findings, enquires of
assess customers response and let us
different kinds. The major purpose of
know what exactly customers are
Descriptive research is description of state
looking for when they buy a two-
of affairs, as it exists at present.
wheeler.

The main characteristic of this method is


 It gives the idea of the sectors need to
that the researcher has no control over the
improve, to stabilize the market and to
variable he can only report what had
provide customer relationship.
happened or what is happening.

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Journal of Human Resource and Customer Relationship Management
Volume 4 Issue 1

Nature of Data of Titan Watches. The finding, suggestion


The data can be collected in the form of and conclusion are based on analysis and
primary and secondary data. suggestions given by the respondents.

Primary Data Tools for Analysis


The primary data which are collected For this research the following tools
freshly for the first time and they are were used;
collected through questionnaire. 1. Simple percentage analysis
2. Rank method – Weighted average
Secondary Data method
The secondary data which have been 3. Chi-square test
already collected by someone else. The
data was collected from the files of the Simple Percentage
company, document, records, magazines The data gathered for the study is also
and books. presented in terms of percentages. The
percentages are calculated to the total of
Sampling the subject. The processed data was
The sampling means a definite plan for analysed and interpreted in the chapter
obtaining a sample from given population. ‘Analysis and interpretation’.

Sample Size Rank method – Weighted average method


The sample size for the survey is 100 Under this method of comparative the
questionnaires taken from the customers. respondents are asked to rank their
choices. This method is easier and faster
Sample Design than the method of paired comparisons.
Convenient sampling method was used in Weighted average = ∑Wo/∑w
this research.
Chi-square (x2) Test
Tabulation and Analysis Chi-square analysis has been used to test
With the help of filled questionnaire a the hypothesis regarding consumer
master table is prepared with all the data of satisfactions in preferring particular
the respondents, then it is converted into courier service. Chi-square, a non-
necessary tables based on different factors
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Journal of Human Resource and Customer Relationship Management
Volume 4 Issue 1

parametric test, is symbolically written as Limited (BAL). The present case study
x2 provides an overview of KTM’s
2 2
x = ∑(O-E) /E internationalization path and highlights the
main motives, objectives and outcomes of
Degree of freedom = (R-1) (C-1) Where, the Austrian-Indian partnership. The case
O - Observed Frequencies study outlines the internationalization of
E - Expected Frequencies KTM in the context of an overview of
R - Number of rows India’s economy, the Indian motorcycle
C - Number of columns industry and India’s key players in the
industry.
REVIEW OF LITERATURE
A.PriyankaDr.B. PonnuthaiA Study on Two-Wheeler Consumer Behavior
Customers Perception Towards The towards Perceived Quality
Usage of KTM Bikes This original exploratory research study
India is emerging as one of the fastest was to examine the impact of Select
developing nation in the world with the independent and demographic variables on
economic liberalization in full swing; Perceived Quality. The data was analyzed
automobile plays an important role in the with descriptive statistics and non-
development of it. Marketing mainly parametric tests, and found no impact of
focuses on the customers. The marketing independent variables and demographic
philosophy of business assumes that an variables on Perceived Quality, further
organization can best serve, prosper and given various research and managerial
attain profit by identifying and satisfying implications.
the needs of its customers.
COMPANY PROFILE
KTM and Bajaj: An Austrian-Indian KTM AG (the former KTM Sport
Partnership in the Motorcycle Industry motorcycle AG) is an Austrian motorcycle
Austria-based motorcycle manufacturer and sports car manufacturer owned by
KTM has managed to become the number KTM Industries AG and Indian
one European seller of motorcycles. To manufacturer Bajaj Auto. It was formed in
achieve this goal, the company has chosen 1992 but traces its foundation to as early
to engage in a joint venture with Indian as 1934. Today, KTM AG is the parent
motorcycle manufacturer Bajaj Auto company of the KTM Group.
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Journal of Human Resource and Customer Relationship Management
Volume 4 Issue 1

KTM is known for its off-road CHI-SQUARE ANALYSIS


motorcycles (enduro, motocross and AGE AND LEVEL OF
supermoto). Since the late 1990s, it has SATISFACTION TOWARDS KTM
expanded into street motorcycle BIKES
production and developing sports cars – Null hypothesis:
namely the X-Bow. In 2015, KTM sold There is no significant relationship
almost as many street as off-road bikes. between age and level of satisfaction
Production of the KTM X-Bow started in towards KTM bikes.
2007.
Alternative hypothesis:
Since 2012, KTM has been the largest There is significant relationship between
motorcycle manufacturer in Europe for age and level of satisfaction towards KTM
four consecutive years Globally, the bikes.
company is among the leading off-road
motorcycle manufacturers. In 2016, KTM
sold 203,423 motor vehicles worldwide.
AGE AND LEVEL OF SATISFACTION TOWARDS KTM BIKES
CROSS TABULATION
Level of satisfaction towards KTM bikes
Age Highly Highly Total
Satisfied Dissatisfied
satisfied dissatisfied
Below 20 1 8 2 1 12
21-30 12 32 4 1 49
31-40 8 17 8 3 36
Above 41 0 2 1 0 3
Total 21 59 15 5 100

CHI SQUARE TEST


Calculated Degree of Level of
Factor Table value
value freedom significance

Age 8.73 16.92 9 5%

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Journal of Human Resource and Customer Relationship Management
Volume 4 Issue 1

RESULT Alternative hypothesis:


It could be observed from the above table There is significant relationship between
that the calculated value is less than the education and level of satisfaction towards
table value. Hence, the null hypothesis is KTM bikes.
accepted and it is concluded that there is
no significant relationship between age RESULT
and level of satisfaction towards KTM It could be observed from the above table
bikes. that the calculated value is less than the
table value. Hence, the null hypothesis is
EDUCATION AND LEVEL OF accepted and it is concluded that there is
SATISFACTION TOWARDS KTM no significant relationship between
BIKES education and level of satisfaction towards
Null hypothesis: KTM bikes.
There is no significant relationship
between education and level of satisfaction
towards KTM bikes.

EDUCATION AND LEVEL OF SATISFACTION TOWARDS KTM BIKES


CROSS TABULATION

Level of satisfaction towards KTM bikes


Education Highly Highly Total
Satisfied Dissatisfied
satisfied dissatisfied

School level 8 11 5 1 25

College level 6 24 4 3 37

No formal
2 12 3 1 18
education

Others 5 12 3 0 20

Total 21 59 15 5 100

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Journal of Human Resource and Customer Relationship Management
Volume 4 Issue 1

SUMMARY OF FINDINGS,  Majority (46%) of the respondents are


SUGGESTIONS & CONCLUSION paid through cash.
FINDINGS  Majority (36%) of the respondents are
PERCENTAGE ANALYSIS traveled 21-40km as average distance
 Majority (98%) of the respondents are per day.
male.  Majority (77%) of the respondents are
 Majority (49%) of the respondents highly satisfied with the price.
belong to the age group of 21-30.  Majority (59%) of the respondents are
 Majority (37%) of the respondents are satisfied with the brand.
college level students.  Majority (40%) of the respondents are
 Majority (65%) of the respondents are highly satisfied with the performance.
unmarried.  Majority (44%) of the respondents are
 Majority (37%) of the respondents are satisfied with the mileage.
students.  Majority (40%) of the respondents are
 Majority (49%) of the respondents are satisfied with the spare parts
earning rs.20000-rs.30000. availability.
 Majority (63%) of the respondents are  Majority (39%) of the respondents are
getting awareness about the KTM satisfied with the service.
bikes through their friends.  Majority (49%) of the respondents are
 Majority (54%) of the respondents are highly satisfied with the speed.
owned KTM duke 200.  Majority (46%) of the respondents are
 Majority (40%) of the respondents are satisfied with the resale value.
satisfied with the advertisement.  Majority (48%) of the respondents are
 Majority (45%) of the respondents are purchased orange colour bike.
selecting KTM for brand image.  Majority (61%) of the respondents are
 Majority (57%) of the respondents are highly satisfied with the maintenance
purchased the KTM vehicles before 2- charge.
4 years.  Majority (55%) of the respondents are
 Majority (64%) of the respondents will selecting authorized mechanics for
recommend KTM vehicles to others. delivery in time.
 Majority (49%) of the respondents are
purchased new vehicle.

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Journal of Human Resource and Customer Relationship Management
Volume 4 Issue 1

 Majority (61%) of the respondents SUGGESTION


would not intend to buy another  From this study, suggesting that to
vehicle. provide more mileage.
 Majority (59%) of the respondents are  From this study, suggesting that to
highly satisfied towards using KTM have much more service to the
bike. customers.
 From the analysis it is stated that  Through this study, customers are
majority of the respondents are interested in KTM suggesting to
preferred KTM for its brand which improve the spare parts availability.
ranked as first.  From this study, suggesting to improve
 From the analysis it is stated that the overall performance.
majority of the respondents are ranked  From this study, customers are
long travel as first problem. satisfied and suggesting to improve to
the next level.
CHI-SQUARE TEST
o It could be observed from the CONCLUSION
above table that the calculated value is less This study is based on the customer
than the table value. Hence, the null response for KTM. Finding and suggestion
hypothesis is accepted and it is concluded has been found through data collected with
that there is no significant relationship customers by preparing structured
between age and level of satisfaction questionnaire, the questions contains in the
towards KTM bikes. questionnaire is based on the observation
done in the organization. I hope this study
 It could be observed from the above will help the organization in general to
table that the calculated value is less improve the customer response in the
than the table value. Hence, the null company for longer period. I conclude this
hypothesis is accepted and it is report as been prepared completely based
concluded that there is no significant on my own knowledge.
relationship between education and
level of satisfaction towards KTM
bikes.

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Journal of Human Resource and Customer Relationship Management
Volume 4 Issue 1

BIBLIOGRAPHY
REFERENCES FROM BOOKS
I. Kothari, C.R, Research
Methodology- Methods and
techniques, Second Revised Cite this Article as
Edition New Age
K.V.Shanmugavadivu , G.Kalaimani
International (P) Ltd., New Delhi. (2020) “A Study on Customer
Satisfaction towards KTM Bikes In
II. Kotler Philip, Marketing
Erode” Journal of Human Resource and
Management, 15th Edition, PHI Customer Relationship Management, 4
pvt ltd, New Delhi. (1) 18-28

III. Prasad, V, Consumer Behaviour, http://doi.org/10.5281/zenodo.3756626

Gyan Publishing House, New


Delhi.

Web sites:
 www.consumer satisfaction.com
 www.ktmbikes.com

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