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Segmentation of Indian Car Market2
Segmentation of Indian Car Market2
According to
SIAM, the Society
of Indian
Automobile
Manufacturers of
India, the market
share of major
passenger vehicle
manufacturers
are:
Criteria for Market Segmentation
Contd.
Targeting
DEMOGRAPHIC :
• Income Group : > Rs 15,00,000 /-pa
• Age Group : > 30 yrs
• Older Married with / without children
GEOGRAPHIC :
• Metros & Tier I Cities
BEHAVIORAL :
• Primary Benefit : Quality
• Attitude towards product : Enthusiastic
PSYCHOGRAPHIC :
• Inclination towards COMFORT, STYLE, POWER
• Urban A1 & A2
• Westernized Lifestyle
• Ambitious Personality
Product
Service
People / Personnel
Channel
Image
Main focus on QUALITY & LUXURY
Highly CUSTOMIZED
Seating
•Continued Customization
•Courtesy
•Reliability
•Responsiveness
•Communication
•Competence
•Credibility
Planned Differentiation by
• EXCLUSIVITY
• QUALITY
• LUXURY
• AUTHORITY
• AFFLUENCE
PRESTIGE COMFORT
EXCLUSIVE
CUSTOMISATIO
N
AMBASSADOR
QUALITY CR
AFFLUENCE
LUXURY STYLE
AUTHORITY
1.Mercedes-Benz S-Class (81 Lacs)
MERCEDES BENZ
S-CLASS
AUDI A-8
BMW 6 & 7 SERIES
AMBASSADOR CR
LOW PRICE – LOW LOW PRICE - HIGH
QUALITY QUALITY
CUSTOMIZATION – PRICE
HIGH CUSTOMISATION – HIGH CUSTOMISATION –
LOW PRICE HIGH PRICE
MERCEDES BENZ
S-CLASS
AUDI A-8
BMW 6 & 7 SERIES
AMBASSADOR CR
LOW CUSTOMISATION – LOW CUSTOMISATION -
LOW PRICE HIGH PRICE
Product Scope : Long-Term
Quality : High
Payment Period –
Credit Terms –
Direct Marketing