Professional Documents
Culture Documents
PROJECT SUBMITTED TO
KURUKSHETRA UNIVERSITY
KURUKSHETRA
IN THE FULFILLMENT FOR THE DEGREE OF MASTERS OF
BUSINESS ADMINISTRTION
SUBMITTED TO:
SUBMITTED BY:
MISS. NEHA GUPTA
VIRENDER SINGH
MBA 3RD SEM.
ROLL NO. 3011559
CERTIFICATE
This is to certify that VIRENDER SINGH has completed the project entitled
MARKETING MIX PLAN & CONSUMER FEEDBACK FOR BAJAJ BIKES
SWAMI DEVI DAYAL INSTITUTEOF MANAGEMENT STUDIES under my
supervision. To the best of my knowledge, the report consists of results of the empirical
study conducted by the student. In my opinion, the work is of requisite standard expected
of an MBA student. Therefore, I recommend the same to be sent for evaluation.
RESEARCH GUIDE
PRINCIPAL
DECLARATION
I declare that this research report on the topic MARKETING MIX PLAN &
CONSUMER FEED BACK FOR BAJAJ BIKES is done for the Partial fulfilment for
the award of two-year degree course in Masters of Business Administration, from
SWAMI DEVI DYAL GROUP OF MANAGMENT STUDIES, PANCHKULA
HARYANA
This is my Own Work and is not submitted to any other University or Institution to the
best of my knowledge.
VIRENDER SINGH
ACKNOWLEDGMENT
To begin with, I must express my thanks to Mr. MANISH KUMAR, for guiding and
helping me through all the stages of the present project. He has been a constant source of
inspiration and encouragement without which it would have been difficult to bring the
present project to a successful head.
I am thankful to Miss. Neha Gupta
MANISH KUMAR
PREFACE
Management education talks of synchronizing the theoretical studies with practical
application in the most effective way. The training figure prominently in the course
curriculum as it imparts practical knowledge to the student aspiring to accomplish
professional insight. It actually gives a feel about what is happening in life and industry
around. It grooms an individual to find himself fit in the corporate world. Students
eventually come out with much confidence, knowledge and matured attitude and outlook.
In todays competitive world, Marketing Research forms a key player. To me, it is an
orderly and insightful process of thinking about and planning for the market. This process
is applicable to more than just goods and services. I think that anything can be researched
ideas, events, organization, place, personalities etc. and that motivated me to choose
this as a specialized subject. This particular process starts with entering deep inside the
relevant market place to understand its dynamics and to identify opportunities to meet the
felt or infelt needs.
VIRENDER SINGH
TABLE OF CONTENTS
CHAPTER 1 INTRODUCTION
INTROCUCTION TO INDUSTRY
INTRODUCTION TO COMPANY
INTRODUCTION TO TOPIC
CHAPTER 2
LITERATURE REVIEW
CHAPTER 3
RESEARCH METHODOLOGY
OBJECTIVES OF STUDY
LIMITATIONS OF STUDY
CHAPTER 4 DATA ANALYSIS AND INTERPRETATION
CHAPTER 5 FINDINGS
SUGGESSTIONS
CHAPTER 6 CONCLUSION
BIBLIOGRAPHY
ANNEXTURE
EXECUTIVE SUMMARY
The project deals with the 4 ps of marketing. The product chosen for this project is
Bajaj Pulsar of Bajaj Auto India Ltd. The project has undergone following surveys:
Company survey
Customer survey
Data analysis
Relevant information has been gathering from company visit, interacting with the
companys marketing manager and area sales manager concerned. Customer survey also
helped us to find the exact image in the mind of the customer, its value and it preference
rates in comparison to other products. Datas analyses are collected from web-site and
analysis were made on the following datas. In accordance the objective of the project was
to study the product characteristics in regard to its, price, place and promotion.
manufacturer and one of the biggest in the world. Bajaj has long left behind its annual
turnover of Rs. 72 million (1968), to currently register an impressive figure of Rs. 42.16
billion (US$ 936 million).
Company Philosophy:
Milestones:
Caliber motorcycle notches up 100,000 sales in record time of 12 months.
June 7th- Kawasaki Caliber Roll out of Valuf- July 25 th- Legend, Indias first
four-stroke scooter roll out of Akurdi. October 1998- Spirit launched. The
Bajaj Super Excel is introduced while Bajaj Celebrates sale of its ten
millionth vehicle.
International marketing:
Based on our own brand of globalization, we have built out distribution network over 60
countries worldwide and multiplied our exports from 1 percent of total turnover in Fiscal
1989-90 to over 5 percent in fiscal 1996-97. The countries where our products have a
large market are Argentina, Colombia, Peru, Bangladesh, Sri Lanka, Italy, Sweden,
Germany, Iran and Egypt. Bajaj leads Colombia with 65 percent of the scooter market, in
Uruguay with 30 percent of he motorcycle market and in Bangladesh with 95
One million vehicles were produced and sold in this financial year.
Bajaj auto achieves production and sales of 100,000 vehicles in a single financial
year.
Bajaj Auto obtains license from the Government of India to manufacture two and
three-wheelers.
10
The sales of motorcycle segment remained buoyant in Dec 2001 and the major three
players have reported an average growth of 55% in their sales volumes. Bajaj Auto Ltd.
11
Has been the outperformed in the motorcycle segment followed by Hero Honda Motors
Ltd. And TVS Motor Company Ltd. (formed after the break-off with Suzuki Motor
Corporation, Japan)With the whopping 85% growth in the motorcycle sales Bajaj Auto
Ltd. Is the second biggest manufacturer of motorcycles.
The companys recent indigenous launch in 4-stroke segment viz.; the 150/180 cc
Pulsar has been the major contributor to motorcycle sales alongwith its other popular
models such as Boxer , Caliber Croma etc. the company is also refocusing on scooter
sales and has launched the 150cc Legend NXT2 and 4-stroke version of Chetak
recently. BAL aims to reach a target of 0.6 million units by the end of fiscal 2004.
Hero Honda has posted a negative sales growth of 8.75% from last month
November 2003 which is attributed to lower registrations for new purchases by the
customers in the last month of the year. With the rising rural demand the company is
optimistic of reaching the sales target of 1.4 million units for the financial year ending
March 2004-05.
12
SWOT ANALYSIS
SWOT ANALYSIS
Strength:
It is a specialty good.
It is a high involvement product.
It is a durable goods.
Well equipped and trained staff.
Easy availability of spare parts in the market
Weakness:
Regional office should be located in mid of Saharanpur.
No promotional activities by celebrities.
Opportunity:
Since it is the second leading competitor it has chance to grow.
High growth rate of the industry.
Encouragement of innovation theory.
13
Threat:
The main threat is from the leading competitor.
Entry of Foreign motors bikes in the market.
Threat of second hand motorcycles.
14
INTRODUCTION
TO TOPIC
15
Geographic Segmentation: The potential customers for the Bajaj motor cycle are
basically from every regions of India.
Behavioral Segmentation:
benefit wise.
16
TARGETING
The proposed targeting people in the age group of 18 years and above with a
monthly income of Rs. 10,000 and above, who are adventurous, enthusiasts and
socializing and who are either students or retired individuals or may be employed as
professionals, government servants or having their own business, but mostly male.
POSITIONING
The image that Bajaj creates in the mind of the customers is the faith. The add shown by
it says HAMARA BAJAJ.
17
It
PRODUCTS
The product offers a service to the customers so as to satisfy their need.
The
product provided the Bajaj suites the Indian Roads. And the Indian Consumers have a
perception that the Bajaj provides Genuine products.
The product is perfectly designed and all the switch are well placed, which
provides a good riding condition.
The details of the various bikes provided by the Bajaj are as follows:
1. Pulsar- 135
2. Pulsar- 150
3. Pulsar-180
4. Pulsar - 200
5. Pulsar- 220
6. Platina- 100
7. Platina- 125
8. Discover- 100
9. Discover- 135
18
PULSAR 135
Bajaj Auto Ltd. has just launched its latest entrant into the Pulsar family - the light
and sporty Pulsar 135LS.
Suspension Telescopic front suspension with anti friction bushes and Nitrox rear
suspension
Brakes: Front Disc (Diameter 240 mm) and Rear Drum (Diameter 130 mm)
Fuel Tank Capacity : 8 litres, Reserve : 2.5 litres (1.6 litres usable)
19
20
PULSAR -150
Pulsar
Value
Specification
Engine Type
Cooling Type
Displacement
No. of Cylinders
MaxPower
Max Power RPM
Max Torque
Max Torque RPM
Ignition Type
Carburettor
Transmission
4 stroke
Air Cooled
143.90cc
1
12bhp
8500rpm
10.8Nm
7500rpm
C.D.I
Ucal-Mikuni(DH)
5 Gears - All down
Type
Clutch Type
Electrical System
Head Light
Horn
Chassis Type
Front Suspension
Rear Suspension
12V
35/35 W Clear Lens Type
12 V DC
Tubular Double Craddle
Telescopic
Trailing arm with coaxial hydraulic shock absorbers & coil springs 5 Step
adjustable
2.75 x 18 42P
3.00 X 18 4/6 PR
Front Brakes
Rear Brakes
Fuel Tank
18 litres
Capacity
Wheel Base
1265mm
Saddle Height
780mm
Kerb Weight
132kg
22
Maximum
Payload
263kg
Max.Speed
100 kmph
PULSAR -180
23
Specification
Engine Type
Cooling Type
Displacement
No. of Cylinders
MaxPower
Max Power RPM
Max Torque
Max TorqueRPM
Ignition Type
Carburettor
Transmission
Clutch Type
Electrical System
Head Light
Horn
Chassis Type
Front Suspension
Rear Suspension
Front Tyre Size
Rear Tyre Size
Front Brakes
Rear Brakes
Fuel Tank
Value
4 stroke
Air Cooled
178.60cc
1
15bhp
8000rpm
13.2Nm
6500rpm
C.D.I
Mikuni(DJ)
5 Gears- One down four up
Lever operated(Left Hand)
12V
35/35 W Clear Lens Type
12 V DC 2 nos.
Tubular Double Cradle
Telescopic
Trailing arm with coaxial hydraulic shock absorbers & coil springs 5 Step
adjustable
2.75 x 18 42P
100/90 18 56P
Hydraulic Disc Brake
Drum Brake - 130mm
18 litres
Capacity
Reserve Capacity
Wheel Base
Saddle Height
Kerb Weight
Maximum
3 litres
1265mm
780mm
137kg
268kg
Payload
Max Speed
107kmph
PULSAR- 200
24
New Silencer with ExhausTEC technology now ensures improved engine torque
even at varying load conditions
Tyres
PULSAR-220
25
Displacement
220 cc
Max. Power
Max. Torque
Suspension
Front Suspension
Telescopic, 130mm
Rear Suspension
Brake
Front
Disc, 260mm
Rear
Disc, 230mm
Tyre
Front Tyre
Rear Tyre
Dimensions
Wheelbase
150 kg
Kerb Weight
1350 mm
26
Electricals
Battery
Head Lamp
55W, Ellipsoidal
15 ltrs
PLATINA 100
27
Displacement
99.27 cc
Max. Power
Max. Torque
Suspension
Front Suspension
Rear Suspension
Brake
Front
Rear
Tyre
Front Tyre
2.75*17'', 41P
Rear Tyre
3.00*17'', 50P
Dimensions
Wheelbase
113 kg
Kerb Weight
1275 mm
Electricals
28
Battery
12V AC + DC
Head Lamp
13 ltrs
PLATINA- 125
29
Engine
Type
Displacement
124.6 cc
Max. Power
9.53PS @ 7000rpm
Max. Torque
10.85Nm @ 5000rpm
Suspension
Front Suspension
Rear Suspension
Brake
Front
Drum-130mm
Rear
Drum-110mm
Tyre
Front Tyre
2.75-17" 41P
Rear Tyre
3.00-17" 50P
Dimensions
Wheelbase
113 kg
Kerb Weight
1275 mm
Electricals
Battery
Head Lamp
13 ltrs
30
DISCOVER 100
31
Displacement
134.21 cc
No. of cylinders
Single Cylinders
Bore x stroke
Max. Torque
Start
Clutch
Electrical
12V AC/DC
No. of Gears
Frame
DISCOVER -135
32
Displacement
134.21 cc
No. of cylinders
Single Cylinders
Bore x stroke
Max. Torque
Start
Clutch
Electrical
12V AC/DC
No. of Gears
Frame
Suspension
Font suspension
Rear suspension
Yes
Brakes
Front Brake
Rear Brake
Electricals
System voltage
Battery type
Headlamp
Tail lamp
5/21 W
Brake lamp
10 W
10 W
Horn
12 V, Dc
Tyre
Front tyre size
2.75 x 17, 42 P
100/90 x 17, 52 P
Dimensions
Length
2030 mm
Width
760 mm
Height
1065 mm
Wheel base
1305 mm
2100 mm
Ground clearance
179 mm
Kerb Weight
Other Features
Ride Control Switch
Yes
Yes
Headlamp Shape
Round / Fairing
Console
Lockable Seat
Yes
Dipper
Yes
Turn Indicator
Yes
Choke
Yes
Day Flasher
Push Cancel
PRICES
denotes money value of a product. It represents the amount of money for which a product
can be exchanged. In other words, prices represents the money which the buyer pays to
the seller for a product price represents the exchange value of goods and services in terms
of money. Price is all around.
Price factor has very well been touched by the manufactures. The manufactures
(Bajaj) are charging very comparatively cheaper prices then their competitors. The
pricing strategy of the company is very set. They price their product according to the cost
of production and also by keeping an eye on the price of the competitors of that segment
& demand of the product in the market.
Competitive Pricing
The management of a firm decide to fix the price at the competitive level. This
method is adopted by Bajaj auto because the bike market is highly competitive.
35
Price of Bajaj Pulsar 180 DTSi:- (Starting Price in Bangalore, Hyderabad, Chennai,
Pune, Delhi, Ahmedabad, Kolkata, Mumbai)
City
Ex.
Show
Room
On
Road
City
Ex.
Show
Room
On
Road
Bangalore
Rs.
58,902/-
Rs.
69,457/-
Hyderabad
Rs.
59,400/-
Rs.
66,397/-
Chennai
Rs.
59,500/-
Rs.
66,179/-
Pune
Rs.
59,709/-
Rs.
65,560/-
Delhi
Rs.
59,720/-
Rs.
63,486/-
Ahmedabad
Rs.
59,981/-
Rs.
66,221/-
Kolkata
Rs.
60,000/-
Rs.
68,500/-
Mumbai
Rs.
61,511/-
Rs.
70,211/-
36
Ex.
Show
Room
On
Road
City
37
Ex.
Show
Room
On
Road
Hyderabad
Rs.
29,990/-
Rs.
34,275/-
Bangalore
Rs.
32,989/-
Rs.
39,384/-
Chennai
Rs.
32,997/-
Rs.
39,140/-
Delhi
Rs.
33,210/-
Rs.
36,642/-
Jaipur
Rs.
33,800/-
Rs.
37,215/-
Kolkata
Rs.
34,090/-
Rs.
40,640/-
Ahmedabad
Rs.
34,370/-
Rs.
39,300/-
Mumbai
Rs.
35,277/-
Rs.
41,431/-
On Road
Delhi
Rs. 39,000/-
Price of Bajaj Discover DTSi 100 CC: Ranges from Rs 40,000 to Rs 42,000
Specifications
Pulsar
135 [5]
Power (bhp)
13.5
14.09
17
18
38
20
Pulsar 220
DTS-i
21.04
12.8
14.22
17.68
19.1
19.1
Wheelbase
(mm)
1325
1330
1350
1350
1350
1350
Weight (kg)
122
143
147
145
150
151
Top Speed
(km/h)
115[6]
118
125
130
135
132.5[7]
PROMOTION
Promotion is an important part of marketing mix of a business enterprises. It is spark plug
of the marketing mix. Promotion is the process of communication with the potential
customer involving information, persuasion and influence.
39
prospective customers. Personal selling, advertising, publicity and sales promotion are
widely used to inform the people about the availability of product and create among them
the desire to buy the products.
The words of E.L. Brink and W.T. Kelly promotion is the coordination of all
seller initiated affords to setup channels of information and persuasion to facilitated the
sale of a product or service or accepted of an idea.
The various promotional activities adopted by the Bajaj Auto Company.
The company has 100crore rupees for its promotional activities out of which 75%
is sponsored by the company and 25% from the dealers.
They may sign a celebrity for its promotional activities in recent futures.
The company provides six free services to its customers in comparison to its
competitors.
The company provides good services facilities to its customers through dealers
service station.
Dealers encourage its customers by giving discount, providing 0% interest loan
schemes, prices, coupons etc.
40
41
42
for
Motorcycles
and
Step.
0% Interest schemes
Contact the Bajaj Auto Finance Ltd office in your city to know about the Special
Schemes they announce from time to time.
43
Not ready to invest in a new two-wheeler? We offer finance options for used vehicles too.
We can also assist you by showing you some used vehicles to choose from.
To take a look at these vehicles, contact the Bajaj Auto Finance Ltd office in
your city.
44
PLACE
There are about many regional offices located in major cities through out the country.
There are more than 10,000 dealers through out the country.
For the product distribution the company distributes its products through authorized
dealers.
45
OBJECTIVE OF STUDY
1.
To study the general business environment & history of Bajaj Auto Ltd.
2.
Comparing Bajaj Bikes share in market to Hero Honda & TVs Suzuki Bikes.
3.
4.
46
RESEARCH METHODOLOGY
Research in common parlance refers to a search for knowledge. The purpose of research
is to discover answers to questions though the application of scientific procedures. In
short research is art of scientific investigation.
Research methodology refers to the tools and methods used for obtaining
information for the purpose of the subject under study.
The methodology followed for the purpose of finding customers response was
Random sample survey.
35
30
20
15
47
DATA SOURCES
The primary data was collected through interviews with the managers and trainee
sales officer.
Secondary data was collected from articles in various magazines and newspapers and
web sites.
RESEARCH APPROACH
The approach adopted was a survey with the customers visiting the show room.
Companys servicing centre of SULTANPUR H.P and interview session with the
agencys Assistant Sales manager.
RESEARCH INSTRUMENT
The research instrument used was a questionnaire.
SAMPLING PLAN
Sampling Unit:
1.
2.
48
Sampling Procedure:
The sampling procedure adopted was convenience sampling because of the wide scope of
the project.
49
25%
18%
39%
Professionals
Govt.Employee
Student
Business man
50
75% People own bike whereas 25% dont have any bike, of course some of have
scooters.
51
8% 4%
48%
28%
Hero Honda
Bajaj
Suzuki
Yamaha
Others
52
Satisfaction level of
customers of Bajaj Bike?
40%
60%
Yes
No
60% people are very much satisfied with the Bajaj bikes specially with the Bajaj
pulsar ,whereas 40% are not satisfied.
53
22%
17%
Looks
Robustness
Body Built
44%
All of them
Style
44% people likes it body built, whereas 22% like looks, 17% likes styles and 11% likes
because of others features like Robustness, power, mileage, etc.
54
60%
Television
Dealers Effort
Word of mouth is the most affected media with 60%, whereas television25%, print
media5% and sellers effort 10%.
55
No
70% people says prices affect the consumer preferences, whereas 30 % people says it
does not matter if quality of bike is best.
56
Finance
58% consumers prefer cash purchasing, whereas 42% people prefer through finance.
Finance is the one most imp. Reason that increases the consumption of bikes.
57
FINDINGS
Company
Companies data shows that the company produces approximately 1,11,000 vehicles
per month. Out of which they sells 60,000 motor cycles per month.
The company has 21 regional offices throughout India out of which 10 contains
training centres.
The main objective of these offices is to pay emphasis to human resource
development and provide good services to its customers.
58
Customer
The results from customer survey are as follows:
1.
2.
3.
59
CONCLUSION
60
CONCLUSION
Our findings reveals that there is a great amount of market potential for bikes in
Sultanpur H.P.
The findings also reveals that it is a competitive market, so the innovation theory is
always appreciable.
As it is a speciality goods. So the customer needs time to study the product as a whole
in respect to its performance, efficiency etc. so the staff should be well trained.
The company should encourage more dealers who would give more emphasis in
services of the product. It will be easy for the customers when required.
Above all the image of the product is that its is a value added product and it has
value for money. It represents the Indian culture
Of course Hero honda has a great market share but after coming pulsar in the market,
it has been a great popular bikes among youngsters.
Satisfaction level is very much with Bajaj Pulsar but other class of Bajaj Bikes need
more Improvement.
61
RECOMMENDATIONS
62
RECOMMENDATIONS
Mileage is the one factor thats affect the consumer preference with Bajaj
pulsar. So company should be think it ,to increase the mileage.
Service center is less, it is an other factor that customer think, so no. of
services centre should be increased.
Prices is little costly of bajaj pulsar, it should be less, then it will helpful to
increase the market share of Bajaj pulsar.
There should be less paper formality in purchasing by finance. because it
makes the lengthy process and consumer frustration increased.
Technology should be more improved .
Consumers are attractive towards different schemes, so company should bring
some attractive scheme.
Service after Sales is one major factor that retain the consumers loyalty, so
company should be more focused on it.
A little changes is required in Bajaj pulsar, like size. Then it will helpful to
attract every class of customers.
63
LIMITATIONS
64
LIMITATIONS
1.
2.
The secondary data is limited to the articles in magazines, newspaper and web
sites.
3.
4.
65
BIBLIOGRAPHY
66
BIBLIOGRAPHY
67
ANNEXURE
68
QUESTIONNAIRE
Name:
ADDRESS:
Occupation:
AGE:
Professional
Govt. Servant
Student
Business Man
Family Income:
Less than 10,000
10,000
B. No
C. Suzuki D. Yamaha
A. Yes
B. No
69
WORD OF MOUTH
TELEVISION
PRINT MEDIA
DEALER EFFORTS
QUE. 6: Did price affect your preference?
YES
NO
70
71