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Project Profile - Topic: Market Research
Project Profile - Topic: Market Research
THE STUDY
PURPOSE OF RESEARCH
Product insight
Perception of the customer
Expansion of market share
PUNE
- Surrounded by lot of rural area
- Huge demand area for commercial
vehicle
- Competition(mahindra) has surpassed
the sales undisputely despite a positive
tata perception
Amity Business School
OBJECTIVE
IDENTIFICATION OF DEMAND
POINTS IN PUNE AREA
DETERMINING VARIOUS
ACTIVITIES TO REACH OUT
TO THE CUSTOMERS
PREPARING A RIGHT
INTERFACE FOR DEALEARS
SALES EXECUTIVES TO
COUNTER CUSTOMER
QUERIES AND PERCEPTION
RESEARCH Amity Business School
METHODOLOGY
• Research design
The research is exploratory in nature
Parameters
Demand point Validation
Number of pick up population
Application
Key Influencer
Attributes required for the application
Other Comments
CONTD..... Amity Business School
Instruments
An open and closed end questionnare was constructed
Data analysis is done by the use of software excel
Sample
Sampling technique used was Probability and non probability sampling
A sample of 41 respondents was taken for the survey
Amity Business School
Diagnostic Observations
Diagnostic Observations
Demand
Validation No. of Pick Population Usage Application Key Influencer
Point
Transporters (Godowns)
300 vehicles
Cement
Huge demand 250 Maxx pickup + Bolero
Phursungi • Local Mechanics
point pickup
Distance: 40 – 50 km Load:
50 Tata 207
2 tonnes
Diagnostic Observations
Demand
Validation No. of Pick Population Usage Application Key Influencer
Point
There are pockets of areas which are huge demand points. If we focus on
these demand points we will get to 25% market share very quickly
The key influencers at a demand point are : body builders, drivers, local
mechanics and existing customers
Customer has bitter pre conceived notions about the earlier TATA 207
The competition(Mahindra) has a strong village hold due to its tractor sales
and capitalizes its tractor customer base to spread positive word about its
Mahindra max pick up
LEARNING Amity Business School
Tata motors organised special events to connect to the influencers who entice
customer to buy a vehicle and this was done in Tata motors Pune,when it
reached out to unrecognizes forces which influence the customer
Reccomendations Amity Business School
Customers mostly go with the word of mouth and rely mostly on the
perception and image of the vehicle in the market
• The name 207 has been stuck with the new tata 207 rx pick up and
customers perceive it to be the same as earlier variant which had
performance problems and hampers the brand image as whole hence the
name 207 should be removed from its introduction to the customers and the
vehicle should be presented as tata rx pick up thereby omitting any
confusion