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1 Final PPT Gearless Scooter
1 Final PPT Gearless Scooter
• Dr. R. Jayavel and L. Vinothini (2015), have studied different factors that influence
consumer brand preferences towards purchase decision of passenger cars. The outcome
of the study revealed that brand is one of the important factors that affect consumer
preferences, as consumer directly relate brand names with the product quality and also
ensures quality technology etc. The other factors that influence consumer preference
towards passenger cars were fuel efficiency, affordability of car, availability of spare parts,
style, look, and safety. The study also revealed some of the factors related to consumer
preferences which are uncontrollable factors for marketers like demographic and
psychographics of the society and other cultural factors. Study of such factors is
important to the marketers not only in the urban areas but also in the rural areas as rural
market also has increasing potential towards branded passenger cars.
Review of Literature …..Continues
• Dr. Keshav. Y. Shinde, Samadhan K. Khamkar (2014), the researchers conducted their
study in Mumbai city using survey method including 500 samples of respondents (100
female respondents) of age group less than 30 years college going, working class as well
as self employed. The study reveals that male respondents prefer to buy geared motor
bikes which should be economical in terms of cost as well aesthetically looking good.
Speed and better riding control are the preferred attributes in case of geared bikes
while in case of those respondents who go for buying gear less scooters, they look for
style, colour, pick up, mileage etc. Thus authors concluded their study mentioning that
marketers should considered the above said attributes to be taken in to consideration
while launching and promoting their two wheeler products in Mumbai city.
• Dr. Mrs Padmasani, Ms. Remya. and Ms. M. Ishwarya (2014), the authors conducted a
research study on brand preference of women consumers towards scooters in
Coimbatore city. The authors in their study found that, pattern of consumer preference
varies from region to region; hence it is very important for the marketers to study the
brand preference of the consumers in the marketed product segment. Now a day,
women are also working and contributing towards house expenses management. These
working women are also found to have attitudinal change and change in perception
towards scooter, which they want to buy. The authors observed that the women
consumers are more conscious about their budget, driving comfort, fuel efficiency and
quality of after sales service. The authors suggested to the marketers that they may
formulate marketing strategies which will highlight above mentioned factors, which will
attract as many women consumers to buy their two wheeler brand for their use.
Review of Literature …..Continues
• Dr. M. Sakthivel Murugan and R. M. Shanthi (2014), the authors also conducted a
research study on Perception of Women Consumers towards the Purchasing of Two
Wheelers in Metropolitan Cities of India. The authors mentioned that, the perceptions of
women towards two wheelers differs widely across the regions and particularly in metro
cities purchasing decision is based on the utility benefits of the two wheelers,
performance of scooter, various promotional schemes implemented at the time of
purchase and some personal factors were found to be important than regional
differences. In this research study, the authors examined association between personal
factors, promotional schemes, perceived product characteristics, were found to be the
satisfaction indicators for the women consumers in metropolitan cities of India that
affects the purchasing decision of two wheelers.
• K. Anandh and K. Shyama Sundar (2014), the researchers conducted the study factors
affecting consumer’s brand preference particularly in small car segment in Chennai. The
authors found that the factors like overall comfort, value propositions of the car,
accessibility, fuel efficiency, are some of the factors affecting overall satisfaction of
customers towards the small cars. Since in India, consumers prefers cost efficiency and
performance of the car along with resell value, there will be a good amount of demand
for such fuel efficient and cost economical cars in Indian market.
Review of Literature …..Continues
• Baseer Ali Durrani, Danish Iqbal Godil (2015), the author in his research
studied the impact of advertisement on buying behavior of teenagers in
particular. The study found that the advertisement helps to create brand image
and brand loyalty. The better the communication content in advertisement,
helps in creating the brand image in the minds of teenagers, which will make
them to remain brand loyal for longer time, showing positive impact on sales
of that product.
• Dr. S. Yuvaraj (2014), the author conducted the research on cosmetics brands
choice decision by the consumers. The study revealed that consumer mainly
considers price and quality of the product at the time of purchase. Consumers
not only give importance to the need of the product but also the brand name
which they want to purchase. The author also found that many customers
prefer to purchase their trusted brand again and again as they were quite
satisfied with whatever brands they were purchasing. The brand awareness
and brand loyalty amongst the customers is due to the advertisements. Hence
the author concludes that the advertisement helps in better promotion of the
brand in cosmetics segment. The author mentioned that Lakme is the most
preferred brand when it comes for lipsticks, Avon in fragrances, Revlon in case
of eye liners and Elite for nail paints.
Review of Literature …..Continues
• Ya-Hui wang and Cing-fen tsai (2014), the authors investigated the relationship and effect
of demographic variables on brand image, perceived risks, perceived benefits and
purchasing intentions of consumer. The study revealed the positive relationship of
demographic factors on the said factors related to consumers. The study observed the
sequential inter connections like brand image has a positive impact on perceived quality
of the product, while the perceived quality of the product has its impact on perceived
value of the product. The perceived value of the product has a positive impact on
purchase intentions of the consumer. The study was conducted on mutual fund products,
which revealed that the purchase intentions are affected by the perceived benefits of the
products than the perceived risks of the products
• Ravi Chopra, CMD (2012), Piaggio Vehicles Pvt. Ltd., in his interview with The Economic
Times, on 26th April, 2012, mentions that now a day the gearless scooter is showing the
fastest growth in the two-wheeler industry. This segment of gearless scooters is showing
a remarkable growth of 2-30% month after month and YoY. Mr. Chopra also mentioned
that, when the two wheeler market was showing the growth of only 11-12 % in India, the
gear less scooters was growing at the 20% rate, which is expected to show a 20% CAGR in
coming years too. Therefore it is the right time to enter in this segment as not only
women, but the men also like to ride on gear less scooters. Various factors like
convenience of driving, luggage space, styling, attractive colours etc. were found to be
the some of the product attributes influencing buying behavior of gear less scooters. We
will work on such attributes to make position in Indian market, Mr. Chopra said.
RESEARCH METHODOLOGY
• Sample size of questionnaire prepared near 450.
Data Analysis Tools
• simple statistical tools and SPSS software.
• Simple Statistical tools :- Percentage, Frequency, Mean, Std. Deviation (S.D.),
• SPSS software tools :- MANOVA, Binomial test, Friedman Test, Z test, Skewness,
Kurtosis, Coefficient of variance (COV)
Sampling Design: Convenient Sampling method
Test of Normality
• Normality was tested by using the criteria suggested by George and Mallery
2010. According to George and Mallery variables with skewness and Kurtosis
value between +/- 1 indicate normality.
• From the descriptive statistics table it can be seen that for both male and
female skewness and kurtosis value is within normality is supported. (for 6
variables it is slightly higher/lower)
Primary Data
• Research instruments : Structured Questionnaire used to collect data from 450
respondents
Pilot study
• A pilot study was conducted for finalization of the questionnaire and interview
schedule. Fifteen beneficiaries were interviewed using the original interview
schedule and questionnaire.
Sampling Frame
.760 .878 66
Hypothesis 1:-
Utility is the most influencing factor in the buying behavior of consumer while buying gearless scooter.
• H0= Factors influencing purchase decision of scooter do not differ in magnitude. (Mean ranks are equal)
• H1= Factors influencing purchase decision of scooter differ in magnitude. (Mean ranks are not equal)
Test Statistics
N 403
Chi-Square 336.408
Df 5
Asymp. Sig. 0
Friedman Test:-
• Hypothesis The proportion of respondents who favours that the Utility is the most
influencing factor in the buying decision is 50% is rejected. Alternatively we accept our
alternative hypothesis
Skewness, Kurtosis, Coefficient of variance (COV) Analysis
Mean 3.45
S.D. 0.671
Skewness -1.407
Kurtosis 2.865
COV 19.44
Conclusion= Since P value (0.000) is less than level of significance (0.05) the null hypothesis is rejected.
Hence it is concluded that factors influencing purchase decision of gearless scooter significantly differ in
magnitude of preference.
• Hypothesis The proportion of respondents who favours that the Brand Image
is the most influencing factor in the buying decision is 50% is rejected.
Alternatively we accept our alternative hypothesis
Analysis using - Skewness, Kurtosis, Coefficient of variance (COV) and
percentage Analysis.
Mean 3.34
S.D. 0.573
Skewness -0.328
Kurtosis 0.164
COV 17.15
Likelihood Ratio 0
Df 44
Sig. 0
Multivariate Testsa
Observed
Effect Power
3 Aesthetic look 0.93 0.02 P= 0.5 P ≠ 0.5 26.65 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
4 Quality 0.91 0.02 P= 0.5 P ≠ 0.5 23.27 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
5 Engine 0.91 0.02 P= 0.5 P ≠ 0.5 21.9 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
6 Style 0.9 0.02 P= 0.5 P ≠ 0.5 21.27 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
silence
7 controller 0.89 0.02 P= 0.5 P ≠ 0.5 19.07 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
8 Disc Break 0.89 0.02 P= 0.5 P ≠ 0.5 19.07 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
Digital
9 Speedometer 0.86 0.02 P= 0.5 P ≠ 0.5 16.06 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
10 Durability 0.85 0.02 P= 0.5 P ≠ 0.5 15.34 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
11 Break 0.81 0.03 P= 0.5 P ≠ 0.5 12.33 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
12 clutch wires 0.8 0.03 P= 0.5 P ≠ 0.5 11.81 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
13 Resale Value 0.79 0.03 P= 0.5 P ≠ 0.5 11.09 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
14 Seat comfort 0.77 0.03 P= 0.5 P ≠ 0.5 9.97 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
15 Pick up 0.61 0.03 P= 0.5 P ≠ 0.5 3.53 5% 1.64 2E-04 Reject H0 ( i.e. p > 0.5)
Product
16 Warranty 0.56 0.03 P= 0.5 P ≠ 0.5 1.93 5% 1.64 0.027 Reject H0 ( i.e. p > 0.5)
17 Auto start 0.5 0.03 P= 0.5 P ≠ 0.5 0 5% 1.64 0.5 Accept H0
Male customers give importance to the technical specification as almost all (except for Auto start) null
hypothesis were rejected and alternate hypothesis accepted. This shows that Male customers have given more
importance to technical specification.
Factors affecting while selection of Scooter (Female)
H0 H1 p_valu
Sr No Issue P S.D. Z_cal L.O.S. Z_table e Decision
1 Brand 0.96 0.01 P= 0.5 P ≠ 0.5 33.91 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
2 Mileage 0.96 0.01 P= 0.5 P ≠ 0.5 31.71 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
3 Aesthetic look 0.93 0.02 P= 0.5 P ≠ 0.5 23.34 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
4 Quality 0.92 0.02 P= 0.5 P ≠ 0.5 21.53 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
5 Style 0.89 0.02 P= 0.5 P ≠ 0.5 17.49 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
6 Disc Break 0.89 0.02 P= 0.5 P ≠ 0.5 17.49 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
7 Engine 0.86 0.02 P= 0.5 P ≠ 0.5 15.06 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
8 silence controller 0.84 0.03 P= 0.5 P ≠ 0.5 13.48 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
9 clutch wires 0.77 0.03 P= 0.5 P ≠ 0.5 9.14 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
10 Durability 0.75 0.03 P= 0.5 P ≠ 0.5 8.46 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
11 Break 0.74 0.03 P= 0.5 P ≠ 0.5 7.82 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
12 Digital Speedometer 0.74 0.03 P= 0.5 P ≠ 0.5 7.82 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
13 Auto start 0.73 0.03 P= 0.5 P ≠ 0.5 7.42 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
14 Pick up 0.69 0.03 P= 0.5 P ≠ 0.5 5.73 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
15 Seat comfort 0.69 0.03 P= 0.5 P ≠ 0.5 5.73 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
16 Resale Value 0.68 0.03 P= 0.5 P ≠ 0.5 5.39 5% 1.64 0 Reject H0 ( i.e. p > 0.5)
17 Product Warranty 0.57 0.03 P= 0.5 P ≠ 0.5 2.12 5% 1.64 0.0169 Reject H0 ( i.e. p > 0.5)
Thus, it is clear that, Female customers give more importance to the technical
specification as all the null hypothesis were rejected and alternate hypothesis were
accepted. This shows that Female customers have given more importance to
technical specification.
MANOVA test
Descriptive Statistics
Gender of the respondent Mean Std. Deviation N
6) Break mechanism
Male and female give equal importance to Break mechanism of gearless scooter while purchasing gearless
scooter. Male mean = 2.946, Female mean = 2.848, , F= 1.77 P = 0.371
7) Seating comfort
Male and female give equal importance to Seating comfort of gearless scooter while purchasing gearless
scooter. Male mean = 2.985, Female mean = 2.945, , F= 0.317 p = 0.663
Binomial Test
Category N Observed Test
Prop. Prop.
Binomial Test
2) It can be seen from the above graph that major Brands like Honda, TVS, Hero and Suzuki were purchased
by all the respondents having different annual family income. There is no significant correlation
found between income group and purchase of specific brand of the scooter. Brand Honda was
purchased by 63%, 50%, 45% and 50% of the people from annual family income groups of Below 3 Lakhs,
3 to 7 Lakhs, 7 to 10 Lakhs, and Above 10 Lakhs respectively.
4) Impact of technical specification of gearless scooters on purchase decisions of male and female
customers.
1) MANOVA Statistical Test :- A two group subjects MANOVA was conducted on technical factors/ variables
and found that Male and female give equal importance to Product Warranty of scooter, Resale
value of scooter, Break mechanism, Seating comfort, Aesthetic value of scooter, Silencer and its sound,
Mileage of gearless scooter while purchasing gearless scooter
2) It can be seen from the graphs charts that there is no significant difference between the technical factors
expected by both the gender
Factors preferred by the female are:- Brand (98%), Mileage (96%), Aesthtic look (84%), Quality(96%), Style
(89%), Engine(96%), silence controller (69%) , clutch wires, Break (68%), Durability (92%).
Factors preferred by the male are:- Brand (93%),, Mileage(91%), Aesthtic look(89%), Quality(97%),
Engine(96%), Style (90%), silence controller (77%), Disc Break(79%), Digital Speedometer (61%),
Durability (91%).
5) Celebrity endorsement is not an effective tool to influence respondents to purchase gearless
scooter.
1) Binomial test:- when the binomial test was applied to the variable "awareness of celebrity
endorsement", 82% respondents could not tell the right celebrity endorsing the gearless scooter.
Test proportion was taken as 0.5 since more than 50% of favorable responses to a particular category
suggest greater approval for this category, Hence it is concluded that more than 50% of respondents
agree that they were not aware of the celebrity endorsing the gearless scooter at the time of
purchase of gearless scooter.
2) Binomial test:- when the binomial test was applied to the variable purchased scooter because I like
particular celebrity endorsing that gearless scooter"
Observed proportion:- 0.88, percentage- 88%, Test proportion:-0.5, p=0.000 so we can say that the
respondents did not purchased gearless scooter because of celebrity endorsement.
3) Binomial test:- How many marks (out of 10, 1 being least and 10 being best) would you
(Respondent) give to celebrity endorsement factor as a major influencing factor for the purchase of
gearless scooter.
Observed proportion:- 0.85, Test proportion:-0.5, p=0.000
Hence it is concluded that more than 50% of the respondents have given less marks to the statement
celebrity endorsement factor is a major influencing factor for the purchase of gearless scooter
5. Celebrity endorsement was not the major factor influencing the gearless scooter.
Respondents fail to identify, remember and name the celebrity endorsing the gearless
scooter. respondents (82% ) were not aware about the celerity endorsing the gearless
scooter. Even respondents (85% ) rated the celebrity endorsement below 5 out of 10
rating. Respondents (88%) were disagree that they purchased gearless scooter due to
the celebrity endorsement. Even few respondents (61%) said the celebrity endorsement
impact was there at the time of purchase of gearless scooter. Respondents believe that
celebrities do lot of different advertisement for the money. Respondents believe that
performance on the roads is the influencing factor so they preferred technical factors
and brand image
• More Important Factors:- This group includes factors which are more important
to the respondents as these factors have influenced their buying decision.
These are the factors where more than 90% of the respondents have agreed
that they influenced purchase decision of gearless scooter. This group includes
Ease to handle the vehicle, Driving comfort, Quality of scooter, Engine of the
scooter, Brand image of the scooter, Utility value of the scooter, Design of the
scooter, Speed of the scooter, Service centers availability, Maintenance,
Updated technology used in the scooter, Durability of the scooter, Mileage of
the scooter, Style of the scooter.
• Figure shows that factors are divided into 4Ps Product,
Price, Place and promotions.
• In this figure Factors influencing gearless scooter divided
into the four P's of Marketing- Product, Price, Place and
Promotion.
Suggestions of the research study:
Utilitarian value of gearless scooters :-
• Manufacturer/company should increase the utilitarian value of the scooter.
manufacturer/company should add more features, latest features like mobile charger,
digital speedometer, petrol tank to the back side of vehicle, metal body, higher cc
engine capacity, unisex design and colours, graphics etc. manufacturer/company
should concentrate on ease to handle, driving comfort, light weight of scooter, storage
space, auto start, overall external look, colours, graphics, aesthetic value, design, style
were the important influencing factors behind the purchase of gearless scooter agreed
by the respondents.
Brand Image of the gearless scooter:-
• Customer is spending major part of their hard earned money to buy gearless scooter.
customer has options to choose popular and trustable brand for satisfaction.
manufacturer or company should build good brand image, create good reputation
among the customers. undertake brand building activities. get the recognition from the
customers as a trustable and innovative brand. Keep the track of competitors brand
building activities. Manufacturer or company has to distinguish their brand from the
other competitors.
Income of customers and brand selection of gearless scooter:-
• Manufacturer/company should target customers with 3-7 lacs and 3 lacs annual family
income. These two income groups has purchased maximum gearless scooters and
reported as a major income groups in the research study. Manufacturer/company
should provide them finance scheme as per their need. Manufacturer/company should
launch the gearless scooter between price range Rs. 35000 - Rs.55000 as this is the
most favoured price range.
Celebrity endorsement influencing purchase decision of gearless scooter:-
• It is concluded that Celebrity endorsement is not an effective tool of persuasion
to facilitate customer to go for purchase of Gearless Scooters as respondents
are aware of the fact that gearless scooter can be well judged by the
performance of scooter on the road and celebrities are doing multiple
advertisement for multiple brands for remuneration.