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Ch-1 Intoduction: 1.1 Introduction of Bajaj Auto Industry
Ch-1 Intoduction: 1.1 Introduction of Bajaj Auto Industry
Ch-1 Intoduction: 1.1 Introduction of Bajaj Auto Industry
Rahul Bajaj, In 1965, the group's current Chairman assumed control of the
business. Under his direction, the Bajaj Auto flagship company saw a rise in
revenue from Rs. 72 million to Rs. 46.16 billion (USD 936 million), an
expansion of its product line, and a global expansion of the brand. He is
regarded globally for his commercial acumen and entrepreneurial zeal as one of
India's most prominent business executives.
1.2 INDUSTRY PROFILE:
India is the second largest two wheeler producer and manufacturer in the
world. Motorcycle production volume and domestic sales volume are second
only to Japan and China. In recent years, the Indian motorcycle industry has
experienced remarkable growth. The Indian motorcycle industry had humble
beginnings in the early 1950s. Automotive Products of India (API) has started
manufacturing scooters in the country. Bicycles are an important segment of the
Indian two-wheeler industry, the other two being scooters and mopeds. The
Indian company is one of the world's largest motorcycle manufacturers. In the
early days, the scooter segment was dominated by API. He was then overtaken
by Bajaj Auto. Various states and private companies have entered the scooter
battle, but LML is the only new player to hold out to this day. The motorcycle
segment was initially dominated by his 350cc motorcycles at Enfield and his
175cc motorcycles at Escort.
There are large untapped markets in the country's semi-urban and rural areas.
Strategic planning for the motorcycle industry should identify these markets
using available statistical methods. Secondary data on socio-economic
characteristics can be used to identify potential markets and prioritize them
using different strategies. In the two-wheeler industry, it is also important to
identify target groups for different categories of motorcycles and scooters. With
the formal launch of the used car market by well-known automakers and the
easy lending of new and used cars, the motorcycle industry needs to modernize
its market information system to attract new customers while retaining old ones.
More attention should be paid to the availability of cheap loans for two-
wheelers in rural areas and small towns.
It is also important to take steps to increase the visibility of the Indian two-
wheeler sector in the global market. The establishment of appropriate export
incentives and institutional mechanisms such as the Motor Vehicle Export
Promotion Council will be of great benefit to India's two-wheeler sector, which
continues to grow in demand.
However, the most significant changes began in 1991 in response to the severe
macroeconomic crisis the country was experiencing at the time. Industrial
policy has moved away from regulation and tight control regimes to a freer and
more competitive era. Two important consequences of policy changes in the
motorcycle industry over the years have been the disappearance of weaker
players to make way for new entrants and improved offerings, and the
significant increase in the number of brands entering the market, Companies
that compete on the basis of product characteristics. Finally, in the country's
motorcycle business, brands are on the rise due to the introduction of new
technologies and increasing number of participants. Despite the fact that it has
become less concentrated over time, deregulation of the industry has not
actually resulted in increased competition despite various policies aimed at
promoting it. .
There are large untapped markets in the country's semi-urban and rural areas.
Strategic planning for the motorcycle industry should identify these markets
using available statistical methods. Secondary data on socio-economic
characteristics can be used to identify potential markets and prioritize them
using different strategies. In the two-wheeler industry, it is also important to
identify target groups for different categories of motorcycles and scooters. With
the formal launch of the used car market by well-known automakers and the
easy lending of new and used cars, the motorcycle industry needs to modernize
its market information system to attract new customers while retaining old ones.
More attention should be paid to the availability of cheap loans for two-
wheelers in rural areas and small towns.
It is also important to take steps to increase the visibility of the Indian two-
wheeler sector in the global market. The establishment of appropriate export
incentives and institutional mechanisms such as the Motor Vehicle Export
Promotion Council will be of great benefit to India's two-wheeler sector, which
continues to grow in demand.
One of India's two or three assembly manufacturers is Bajaj Auto Ltd. (BAL).
The employer is renowned for its expertise in developing and assembling L and
D items. Within the empire, the agency is the biggest exporter of and three
wheels. The employer has two fallback options: PT Bajaj Indonesia and Bajaj
Auto International Cooperation BV.
For the purpose of M/s Bacharaj Investing Corporation Private Limited, Bajaj
Auto arrived on November 19, 1945. Bajaj Auto started to promote and import
three wheels into India in 1948. The Indian government granted Bajaj Auto
permission to manufacture two wheels in the 1950s. Bajaj Auto became an open
corporation in 1960.
In the typical engine segment, the hundred and fifteen Calibers were powered
by Bajaj Auto in February 2003. Because Bajaj Holdings and Investment Ltd.
(BAL BHAL erode) is divided into three assignments based on the arrangement
of the demerger scheme, with an impact from a significant day, i.e. February 20,
2008. The security firm operates in segments, such as safety and various car and
project.
The company that produces Sparing Breeze Energy created those physical
games with three distinct components that can each address middle enterprise
and engage fitness after realising the development opportunities in the security
and financial aspects of power. This results in claims on the whole firm,
including all benefits and liabilities, being transferred to Bajaj Investment and
Holding Ltd. from PT Bajaj Auto Indonesia and a few merchant enterprises
(BHIL). Furthermore, Investment and Holding Ltd. receives a transfer of Rs. 15
billion in real cash and money reciprocals. The Bajaj Auto Ltd moniker was
given to key elements of the Bajaj Holdings and Investment Ltd strategy (BAL).
The deadline for compliance could be March 31, 2007.
The Direct Injected Auto Tricycle and the XCD 125 DTS-Si were both
promoted by the company in 2007–2008. More than 2 million Pulsar have now
been introduced overall at the Chakan commercial facility. From 300,000 to
4260000 units were added to the corporation's motorised two- and three-wheeler
introduction cap in 2009–2010. The business started using Pulsar 220F, Pulsar
88 UG, Pulsar 135 LS, and searched into DTS- Si to see what was available.
The company increased the two and three wheeler engine production limit from
780000 to 5040000 in 2010–2011. The company sells the Avenger 220 DTS-I
KTM DUKE a hundred twenty five found 150 and one hundred twenty five.
Up to March 31, 2012, the firm aims to maintain the present annual cap for
three-wheelers at 5040,000. The development of 4-wheel vehicles is significant,
and the platform's primary commercial dispatch is slated for 2012. In Indonesia,
Bajaj Auto has a partnership with Kawasaki Japan.
The company offered any other excellent engine variation in 2013 for Rs. 1.83
lakh costs in the Bajaj-KTM joint venture Duke 390cc. Additionally, the agency
received the "CII Design Excellence Award." 2014 saw the return of Bajaj Auto
in the 12-month-old CNBC TV18 Overdrive Awards. In the Selenet-Count
Choir at the 2014 CNBC TV18 Overdrive Awards, Bajaj Auto is reinstated.
Additionally, the company won the BBC Top Gear Award for Bike of the Year.
A platinum catalyst and another 100cc bicycle for long-distance riding were
introduced by Bajaj Auto in 2015. Bajaj Auto and Triumph UK Cruisers
established a global agreement on August 8, 2017, via which Bajaj will have
access to outstanding Triumph brands and huge bikes that allow for the addition
of additional bikes within.
PROMOTERS:
Bajaj CT 110:
CT 110 is a Commuter bike from Bajaj. Least expensive Bajaj CT 110
variant is Self-Alloy which is sold in Indian.
Bajaj Platina 110:
The Platina 110 is Bajaj’s solution to capture the commuter bike market
in India which is currently dominated by the Hero Splendor Plus. Bajaj Platina
110’s latest variant, the ES ABS, has been the talk of the town for being the first
bike in its class to offer the single-channel ABS.
Yamaha
TVS
Hero MotoCorp
Honda
Jawa Moto
Suzuki
Mahindra
Royal Enfield
1.5 SWOT ANALLYSIS
4. Strong Distribution: Bajaj Auto has dealers across India and has always
maintained a smooth supply chain. Bajaj motorcycles are always free and
deliver to cities big and small. Therefore, there are various Bajaj Auto
service centers across the country.
Weaknesses of Bajaj Auto:
1. Not a Global brand: Even after producing in high volume, Bajaj is not
recognised as a global brand. It has not entered other markets or not
expanded internationally as fast as it could. It is mostly an Indian market
player.
1. Growth in motorcycle market: KTM has strong brand equity globally and
the partnership with Bajaj Auto will enable both companies to achieve
sustainable results with a focus on cost and quality advantages. KTM
gives Bajaj Auto a massive global reach.
2. Launch new vehicles: Bajaj Auto should continue its efforts to strengthen
its product portfolio, as it has done in the past with models such as the
Avenger Pulsar. Bajaj's image as an innovative company is also
maintained by continuously adding new technologies to its portfolio.
Threats of Bajaj Auto:
2. High Bank Interest Rate: India has a higher lending rate than other
countries. Rising interest rates are influencing the decisions that
consumers spend on things like vehicles purchased at interest rates.
Customer Waiting Area: Customers gave their vehicle for service but
no waiting room facility is available for them at that time so most of
customers are face issue like where they seat, where they spent their time
etc, so it's important to manage Customer waiting room to attract
customers
Lack of after sale services: There is very less employees in Aditya bajaj
so they not doing well for customers as a part of after sales services.
Parking Area: in the parking area is not available, they should make it a
parking area as sometimes they have to park on the sidewalk.
Test Drive: The test drive will identify the customer in their own way
and will also make them feel comfortable that they will have a new
experience so that they are attracted to the item exclusively.
Primary Data:
Questionnaire
Secondary Data:
Website
Online Google Searching
BAR CHART:
TABLE:
Age
TABLE:
Monthly Income
Frequency Percent Valid Percent Cumulative
Percent
In the above table and bar chart there are 120 respondents are given responses and analysis
by their monthly income.
In that, there are 36 respondents who’s monthly income is 10K to 25K, which are
30.0% out of total respondents.
There are 52 respondents who’s monthly income is 25K to 50K, which are 43.3% out
of total respondents.
There are 20 respondents who’s monthly income is 50K Above, which are 16.7% out
of total respondents.
Also, there are 12 respondents who’s monthly income is Less than 10K, which are
10.0% out of total respondents.
TABLE:
TABLE:
Occupation
TABLE:
H0: There is no significance association between age and In what way bajaj bike is
suitable to you.
H1: There is significance association between age and In what way bajaj bike is suitable
to you.
Chi-Square Tests
Here, the level of significance is 0.00 which is less than 0.05 it means H0 is rejected and
H1 is accepted which means there is significance difference between age and In what
way bajaj bike is suitable to you.
H0: There is no significance association between Qualification and In what way bajaj
bike is suitable to you.
H1: There is significance association between Qualification and In what way bajaj
bike is suitable to you.
Value df Asymp. Sig. (2-
sided)
Here, the level of significance is 0.006 which is less than 0.05 it means H0 is rejected and
H1 is accepted which means there is significance difference between qualification and In
what way bajaj bike is suitable to you.
o Occupation*While comparing with other bike the models of the bajaj bike is?
Here, the level of significance is 0.004 which is less than 0.05 it means H0 is rejected
and H1 is accepted which means there is significance difference between qualification
and While comparing with other bike the models of the bajaj bike is.
o Occupation*What you feel while riding the bajaj bike?
H0: There is no significance association between Qualification and What you feel
while riding the bajaj bike?
H1: There is significance association between Qualification and What you feel while
riding the bajaj bike?
Chi-Square Tests
Here, the level of significance is 0.537 which is more than 0.05 it means H0 is
accepted and H1 is rejected which means there is significance difference between
qualification and What you feel while riding the bajaj bike.
CH-4 IMPLEMENTATION PHASE:
IMPLEMENTATION
We find out that most people in SANAND area visit ADITYA AUTO
CENTRE for purchase new Bajaj Bikes.
At ADITYA AUTO CENTRE Employees Behaviours are good so
customer is certified
ADITYA AUTO CENTRE Improve marketing strategy
ADITYA AUTO CENTRE Start new recruiting