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Executive Summary
Executive Summary
Customer Satisfaction
The definition of customer satisfaction has been widely
debated as organizations increasingly attempt to measure it.
Customer satisfaction can be experienced in a variety of
situations and connected to both goods and services. It is a
highly personal assessment that is greatly affected by customer
expectations. Satisfaction also is based on the customer’s
experience of both contact with the organization (the “moment
of truth” as it is called in business literature) and personal
outcomes. Some researchers define a satisfied customer within
the private sector as “one who receives significant added
value” to his/her bottom line—a definition that may apply just
as well to public services. Customer satisfaction differs
depending on the situation and the product or service. A
customer may be satisfied with a product or service, an
experience, a purchase decision, a salesperson, store, service
provider, or an attribute or any of these. Some researchers
completely avoid “satisfaction” as a measurement objective
because it is “too fuzzy an idea to serve as a meaningful
benchmark.”4 Instead, they focus on the customer’s entire
experience with an organization or service contact and the
detailed assessment of that experience.
For example, reporting methods developed for health care
patient surveys often ask customers to rate their providers and
experiences in response to detailed questions such as, “How
well did your physicians keep you informed?” These surveys
provide “actionable” data that reveal obvious steps for
improvement. Customer satisfaction is a highly personal
assessment that is greatly influenced by individual
expectations.
Some definitions are based on the observation that customer
satisfaction or dissatisfaction results from either the
confirmation or disconfirmation of individual expectations
regarding a service or product. To avoid difficulties stemming
from the kaleidoscope of customer expectations and
differences, some experts urge companies to “concentrate on a
goal that’s more closely linked to customer equity.” Instead of
asking whether customers are satisfied, they encourage
companies to determine how customers hold them
accountable Customer satisfaction, a business term, is a
measure of how products and services supplied by a company
meet or surpass customer expectations. It is seen as a key
performance indicator within business.
Type Public
BSE: 500570 (BSE SENSEX Constituent)
Traded as NSE: TATAMOTORS
NYSE: TTM
Industry Automotive
Founded 1945
Headquarters Mumbai, Maharashtra, India
Area served Worldwide
Key people Cyrus P. Mistry (2012–present)
Automobiles
Commercial vehicles
Coaches
Products Buses
Construction equipment
Military vehicles
Automotive parts
Automotive design, engineering
Services Vehicle leasing
Vehicle service
Revenue 2.625 trillion (US$39 billion) (2015)
Operating 260.0 billion (US$3.9 billion) (2015)
Income
Profit 128.2 billion (US$1.9 billion) (2015)
Total assets 2.345 trillion (US$35 billion) (2015)
Total equity 534.9 billion (US$7.9 billion) (2015)
Number of
Employees 76,500 (2015)
Parent TATA Group
Divisions Tata Motors Cars
Subsidiaries Jaguar, Land Rover
Tata Daewoo
Tata Hispano
Slogan Inspired by people
Website www.tatamotors.com
Tata Motors Limited, formerly known as TELCO (TATA
Engineering and Locomotive Company), was formed in 1945. A
Tata motor is the flagship company of the Tata Group with an
annual turnover of approximately US $ 20 billion (92519 crores)
for the year starting April 1st, 2009 to March 31st, 2010. More
than 5.9 billion Tata Vehicles ply on Indian roads making Tata a
dominant force in the Indian automobile industry. Its product
range covers passenger cars, multiutility vehicles, light,
medium, and heavy commercial vehicles for goods and
passenger transport.
7 out of 10 medium-heavy commercial vehicles bear the
trusted Tata mark. A Tata motor has the unique distinction of
giving India its first and only indigenously built passenger car.
The Tata Indica and the premium feature sedan-The Tata
indigo. The indica, launched in 1998, reached the 2,50,000 sales
mark within 52 months of launch. The phenomenal success of
these vehicles stands as a testimony of the company’s research
and engineering expertise.
PROFILE
TATA Motors was Established in 1945, Tata Motors entered into
a collaboration with Daimler Benz of Germany in 1954 to
manufacture commercial vehicles, the collaboration ended in
1969. A Tata motor has since grown from strength to strength.
A TATA motor is India’s premier and the only fully integrated
automobile manufacture. It is among the world’s top 10
commercial vehicle producers. Tata Motors Limited is India's
largest automobile company, with consolidated revenues of Rs.
92,519 crores (USD 20 billion) in 2009-10. It is the leader in
commercial vehicles in each segment, and among the top three
in passenger vehicles with winning products in the compact,
midsize car, and utility vehicle segments. The company is the
world's fourth-largest truck manufacturer and the world's
second-largest bus manufacturer.
Established in 1945, Tata Motors' presence indeed cuts across
the length and breadth of India. Over 5.9 million Tata vehicles
ply on Indian roads since the first rolled out in 1954. The
company's manufacturing base in India is spread across
Jamshedpur (Jharkhand), Pune (Maharashtra), Lucknow (Uttar
Pradesh), Pantnagar (Uttarakhand), and Dharwad (Karnataka).
Following a strategic alliance with Fiat in 2005, it has set up an
industrial joint venture with Fiat Group Automobiles at
Ranjangaon (Maharashtra) to produce both Fiat and Tata cars
and Fiat powertrains. The company is establishing a new plant
at Sanand (Gujarat). This is coupled with nationwide customer
support, sales, and service network.
Tata Motors, the first company from India's engineering sector
to be listed on the New York Stock Exchange (September 2004),
has also emerged as an international automobile company.
Through subsidiaries and associate companies, Tata Motors has
operations in the UK, South Korea, Thailand, and Spain. Among
them is Jaguar Land Rover, a business comprising the two iconic
British brands that were acquired in 2008. In 2004, it acquired
the Daewoo Commercial Vehicles Company, South Korea's
second-largest truck maker. The rechristened Tata Daewoo
Commercial Vehicles Company has launched several new
products in the Korean market, while also exporting these
products to several international markets. Today two-thirds of
heavy commercial vehicle exports out of South Korea are from
Tata Daewoo. In 2005, Tata Motors acquired a 21% stake in
Hispano Carrocera, a reputed Spanish bus and coach
manufacturer, and subsequently the remaining stake in 2009.
Hispano's presence is being expanded in other markets. In
2006, Tata Motors formed a joint venture with the Brazil-based
Marcopolo, a global leader in body-building for buses and
coaches to manufacture fully-built buses and coaches for India
and select international markets. In 2006, Tata Motors entered
into joint venture with Thonburi Automotive Assembly Plant
Company of Thailand to manufacture and market the
company's pickup vehiclesnin Thailand. The new plant of Tata
Motors (Thailand) has begun production of the Xenon pickup
truck, with the Xenon having been launched in Thailand in
2008.
Tata Motors is also expanding its international footprint,
established through exports in 1961. The company enjoys a
significant demand in export markets like Europe,
Australia,South East Asia, Middle East and Africa also. The
company’s vehicles are seen in over 70 countries now. It has
franchisee/joint venture assembly operations in Kenya,
Bangladesh, Ukraine, Russia, Senegal and South Africa.
With over 3,000 engineers and scientists, the company's
Engineering Research Centre, established in 1966, has enabled
pioneering technologies and products. The company today has
R&D centers in Pune, Jamshedpur, Lucknow, Dharwad in India,
and in South Korea, Spain, and the UK.
Customer-sensitive approaches towards building products and
state-of-the-art manufacturing facilities have given the
company a huge lead over its competitors. Today 7 out of every
10 medium and heavy commercial vehicles on Indian roads
bear the trusted Tata mark. Tata Motors’ presence in the utility
vehicles and passenger cars
market has been firmly established. In 1998, it launched India’s
first fully indigenized car, Indica, to the discerning consumer
and has been phenomenally successful. Tata motors is
consistently evolving in its offerings to the Indian automobiles
market.
In 2005, Tata Motors created a new segment by launching the
Tata Ace, India's first indigenously developed mini-truck.
In January 2008, Tata Motors unveiled its People's Car, the Tata
Nano, which India and the world have been looking forward to.
The Tata Nano has been subsequently launched, as planned, in
India in March 2009. A development, which signifies a first for
the global automobile industry, the Nano brings the comfort
and safety of a car within the reach of thousands of families.
The standard version has been priced at Rs.100,000 (excluding
VAT and transportation cost). Designed with a family in mind, it
has a roomy passenger compartment with generous leg space
and headroom. It can comfortably seat four persons. Its mono-
volume design will set a new benchmark among small cars. Its
safety performance exceeds regulatory requirements in India.
Its tailpipe emission performance to exceeds regulatory
requirements. In terms of overall pollutants, it has a lower
pollution level than two-wheelers being manufactured in India
today. The lean design strategy has helped minimize weight,
which helps maximize performance per unit of energy
consumed and delivers high fuel efficiency. The high fuel
efficiency also ensures that the car has low carbon dioxide
emissions, thereby providing the twin benefits of an affordable
transportation solution with a low carbon footprint.
In May 2009, Tata Motors introduced ushered in a new era in
the Indian automobile industry, in keeping with its pioneering
tradition, by unveiling its new range of world standard trucks
called Prima. In their power, speed, carrying capacity, operating
economy, and trims, they will introduce new benchmarks in
India and match the best in the world in performance at a
lower life-cycle cost.
CUSTOMER SATISFACTION
Whether the buyer is satisfied after purchase depends on the
offer’s performance in relation to the buyer’s expectations. In
general.
Satisfaction is a person’s feeling of pleasure resulting from
comparing a product’s perceived performance (or outcome) in
relation to his or her expectations.
As this definition makes clear, satisfaction is a function of
perceived performance and expectations. If the performance
falls short of expectations, the customer is dissatisfied. If the
performance matches the expectations, the customer is
satisfied. If the performance exceeds expectations, the
customer is highly satisfied or delighted.
Many companies are aiming for high satisfaction because
customers who are just satisfied still find it easy to switch when
a better comes along. Those who are highly satisfied are much
less ready to switch. High satisfaction are delight creates and
emotional bond with the brand, not necessary a rational
preference. The result is high customer loyalty.
From past buying experience, friend and associates advice and
marketers and competitors information and promises buyers
form their expectations. Some of today’s most successful
companies are raising expectations and delivering performance
to match. These companies are aiming for TCS-total customer
satisfaction. The key to generating high customer loyalty is to
deliver high customer value.
In addition to tracking customer value expectation and
satisfaction, companies need to monitor their competitor’s
performance in these areas. For example, a company was
pleased to find that 80 percent of it customers said they were
satisfied. Then the CEO found out that its leading competitors
attained a 90 percent customer satisfaction score. He was
further dismayed when he learned that this competitors was
aiming to reach a 95 percent satisfaction score.
4.Are you satisfied with the time taken to open the job card
(work order).
Interpretation: 44% of the customers are very satisfied by
the time taken to open the job card,25% are satisfied, 23%
are delighted and 8% are somewhat dissatisfied.
9. Are you satisfied with the delivery made i.e., is the delivery
made in time as per the conditions desired by you from service
station.
Interpretation:
34% of the customers are satisfied with the delivery made from
the service station, 33% are very satisfied, 19% are somewhat
dissatisfied, 10% are delighted and 9% are very dissatisfied.
10. Are you satisfied with the explanation of the job done and
the bill at the time of delivery.
Interpretation:
41% of the customers are very satisfied with the explanation of
job done and bill at the time of delivery, 37% are satisfied, 12%
are somewhat dissatisfied and 10% are delighted.
Chapter 7
FINDINGS
FINDINGS
29% of the customer opted for Tata vehicle based on the
brand name, 23% based on the model, 21% based on the
quality, 14% based on other benefits and 13% based on
the price.
45% of the customers are satisfied with the explanation
about the benefits, features, etc., at the time of purchase,
27% are very satisfied, 12% very satisfied, 12% are
somewhat dissatisfied, 4% are delighted and 12% had not
responded to the above question.
42% of the customers are satisfied by the reception of the
sales personnel at the time of the enquiry, 30% are very
satisfied, 12% are delighted, 4% are somewhat dissatisfied
and 12% had not responded to the above question.
50% of the customers are very satisfied by the reception
of the service advisor, 30% are satisfied, 11% are
delighted and 9% are somewhat dissatisfied.
44% of the customers are very satisfied by the time taken
to open job card, 25% are satisfied, 23% are delighted and
8% are somewhat dissatisfied.
46% of the customers are satisfied by the attitude of the
service personnel, 28% are very satisfied, 40% are
somewhat dissatisfied, 11% are delighted and 1% very
dissatisfied.
51% of the customers are satisfied by the facilities of the
service station, 30% are very satisfied, 11% are somewhat
dissatisfied and 8% are delighted.
73% of the customers say that they are being informed if
any extra job is required to their vehicle. Whereas 27% of
the customers are not informed about the extra job
required for their vehicle.
85% of the customer’s say that the service is being
attended correctly to relevant complaint. Whereas 15%
feel that the service is not attended correctly to relevant
complaint.
40% of the customers are very satisfied with the solutions
to all the problems reported by them, 34% are satisfied,
16% are somewhat dissatisfied, 6% are delighted and 4%
are very dissatisfied.
53% of the customers are very satisfied with the quality of
washing, 27% are satisfied, 12% are delighted, 7% are
somewhat dissatisfied and 1% is very dissatisfied.
34% of the customers are satisfied with the delivery made
from the service station, 33% are very satisfied. 19% are
somewhat dissatisfied, 10% are delighted and 9% are very
dissatisfied 41% of the customers are very satisfied with
the explanation of job done and bill at the time of
delivery, 37% are satisfied, 12% are somewhat dissatisfied
and 10% are delighted.
46% of the customers are satisfied with the general
appearance of the workshop, 40% are very satisfied, 8%
are delighted, 4% are somewhat dissatisfied and 2% are
very dissatisfied.
42% of the customers are satisfied by the labour and
spare parts charge, 42% are somewhat dissatisfied, 7% are
very satisfied, 6% are very dissatisfied and 3% are
delighted.
Chapter 8
SWOT ANALYSIS
SWOT Analysis of Tata Motors with USP, Competition, STP
(Segmentation, Targeting, Positioning) - Marketing Analysis
Chapter 8
RECOMMENDATION
RECOMMENDATION
Prompt delivery of the vehicle should be made.
Top priority must be given to taxes and long-distance
vehicles than local vehicles.
Facilities like A/C. Newspapers, Drinking water and
weeklies must be provided and they must be up to the
standards in the customer waiting room.
A separate phone must be made available to deal with
customers to inform them whether the service station is
ready to accept their Vehicles for service
The organization must appoint persons to deal with the
customers by phone and to explain to the customers
about the job done at the time of delivery.
Shelter must be there while going through the job card.
The organization must instruct the workers not only to
consider the job card they must also go through the
vehicle and if they find and things extra jobs to be done
them they must inform the owner and they must entire it
in job card and then go through the work.
Labour charges should be decreased
Service reminders should be sent regularly
Billing should be made faster.
Chapter 9
LIMITATIONS