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A STUDY
ON COMPANY IMAGE AND SURVEY RESEARCH TO MEASURE CUSTOMER
SATISFACTION TOWARDS TVS APACHE IN BHATKAL
Submitted by
MOHAMMED YASIR RUKNUDDIN
REG.NO:08B61626
Project guide
Prof. Zafrulla kokatnur
MR DAMODAR V.SHANBAG
(Proprietor of JEEVOTHAM MOTORS BHATKAL)
A.H.M’S
ANJUMAN INSTITUTE OF MANAGEMENT
(Anjumanabad,Bhatkal)
2009-2010
DEDICATED
TO MY
BELOVED
PARENTS
FAMILY
MEMBERS
AND
FRIENDS
CERTIFICATE
CERTIFICATE
Signature
DECLARATION
ACKNOWLEDGEMENT
First of all I thank Almighty Allah, due to whose grace I was able to
prepare this report.
CONTENTS
TVS has enjoyed a steady growth since its inception. It has continuously
expanded and diversified, and brought in new verticals within its fold. Today it
boasts a strong presence in the manufacturing of two-wheelers, auto
components and computer peripherals. The company is also involved in the
distribution of heavy commercial vehicles, cars, finance and insurance. With
such a portfolio, the company contributes a lot to Indian economy.
Quick Facts
Founder T V Sundaram Iyengar
The company has 4 plants - located at Hosur and Mysore in South India,
in Himachal Pradesh, North India and one at Indonesia. The company has a
production capacity of 2.5 million units a year. Innovation at the helm
TVS Motor's strength lies in design and development of
new products - the latest launch of 7 products on the
same day seen as a first in automotive history. We at
TVS deliver total customer satisfaction by anticipating
customer need and presenting quality vehicles at the
right time and at the right price. The customer and his
ever changing need is our continuous source of
inspiration.
Top of Form
COMPANY’S HISTORY:
of the company effective April 21, 2009.
TVS Motor Company Ltd.: History
- The company received a letter of intent for the manufacture of 20,000 spark
ignition operated out board motors and 30,000 internal combustion spark
ignition engines upto 500cc per annum.
- A new company "Lakshmi Auto Components Pvt Ltd." was incorporated for
the manufacture of critical engines and transmission parts. 1986
- The company acquired the assets of the moped division from Sundaram
Clayton Ltd. The cost of acquisition was met partly by rights issue of equity
shares. The company subscribed to 39,20,000 equity shares of Rs.10 each of
Lakshmi Auto Components Pvt Ltd, whereupon it became a subsidiary of the
company.
- The name of the company was changed from Indo Suzuki Motorcycles Ltd. to
TVS Suzuki Ltd with effect from 18th August.
- The company obtained a letter of intent for expanding the capacity to 4,00,000
Nos. two wheelers. 1989
- The working was adversely affected due to labour unrest which resulted in a
lock-out from 28th February 1990. The lock out was lifted in the second week
- The company launched a 34cc miniped to take advantage of the Motor Vehicle
Act that exempts such vehicles from the payment of road tax. The Company
worked for only 10 months due to lock-out. 1991
- The technical aid agreement entered into with Suzuki Motor Co., Japan which
expired in August 1991 was extended for three more years with the approval of
the Government of India.
1992
- The Company launched two new models of motor cycles viz. `Sumurai' and
`Shogun'.
1993
1995
1996
- The company is taking steps to meet the increase in demand for its products
and improve the market share.
- As per the requirements of section 217(1)(e) of the Companies Act, 1956 read
with the Companies (Disclosure of Particulars in the Report of Board of
Directors) Rules, 1988, the information regarding conservation of energy,
technology absorption and foreign exchange earnings and outgo are given in
annexure I to this report.
1997
- Leading two-wheeler manufacturer in the country, TVS Suzuki, will soon set
up a new 2.5 lakh capacity scooter plant in Mysore.
- TVS-Suzuki (TSL) - a joint venture between the TVS group and Suzuki Motor
Corporation, Japan - was the first company to launch a 100-cc motorcycle in the
Indian market.
- Credit Analysis & Research Ltd (Care) has assigned the credit rating of CARE
AA+ (double A plus) to the proposed non-convertible debenture issue of Rs.100
crore by TVS-Suzuki Ltd (TSL).
- TVS Suzuki is a joint venture between Saundaram Clayton Ltd. of the TVS
group and Suzuki Motor Corporation, Japan.
- TVS Suzuki Ltd (TSL), the second largest two-wheeler manufacturer in the
country, will be restructuring its entire vendor-base in the next five years with
the objective of creating robust vendors to meet its future expansion plans.
- TVS Suzuki Limited is officially launching its new moped model, the XL
Super.
1998
- TVS Suzuki Ltd, one of the leading two-wheeler manufacturers in the country,
has crossed the Rs.1,000-crore turnover mark in 1997-98.
- TVS will be the first company in the country to introduce the 4 stroke scooter
in the Indian market.
- TVS Suzuki Ltd on October 1 launched its new generation 4-stroke scooter
`TVS Spectra' in Delhi.
- Suzuki has indicated to the TVS group that if it did not agree to the Japanese
company's acquiring a majority stake, it should allow Suzuki to set up a 100 per
cent subsidiary.
2000
- The Tamil Nadu based TVS-Suzuki has launched the 150 CC four-stroke
powerhouse Suzuki Fiero in Tamil Nadu, close on the heels of its launch in
Rajasthan, Karnataka and Kerala.
- Two-wheeler major TVS Suzuki is all set to cross the magic one million mark
durisng the current fiscal with 12 new models lined up over the next 18 months.
- Motocycle giant, TVS Suzuki, has forged an alliance with Brand Dotcom to
leverage the latter's online expertise brand building on the Net.
- The TVS group and Suzuki Motor Corporation September 27 parted ways
from their 15-year-old joint venture with the former buying out the 25.97 per
cent stake of the Japanese company for Rs 9 crore.
2002
- TVS Motor Company Ltd has informed that the Board declared an interim
dividend of Rs 9.00 per share on 2,31,00,070 equity shares of Rs 10/- each fully
2003
-TVS Motor Company has recorded a market share of 35% from motor cycles
division
-TVS, Bajaj Auto and Yamaha have grabbed the market share from the
country's largest motor cycle maker Hero Honda.
-The TVS victor sales has crossed 4 lakh unit mark in less than 18 months of its
launch.
-TVS Motor Company has reintroduced Fiero, inorder to compete with Bajaj
Pulsar.
-TVS Motor Company Ltd has introduced its own racing bikes which Team
TVS will test on the tracks in Asian Circuit.
-TVS Motor launched 4 new mobikes including a new brand 100-cc mobike
called the Centra.
-TVS Motor Chairman and MD Venu Srinivasan has been selected in Business
Week's Stars of Asia which covers the top 25 achievers in the continent.
-TVS Motor ties up with State Bank of India for scooter and Motorcycle
financing.
2004
-TVS Motor Company Unveil TVS Centra With ' VT-i Engines',, a 100 CC 4
stroke motorcycle
-TVS Motor Company launched its new bike - TVS Centra - here on February
9, 2004, for the first time in the State. It is a 100-cc four-stroke motorcycle
targeted at the popular segment and a Fill-it-once-a-month bike, competitively
priced at Rs. 36,990. The vehicle has been launched in January in the metros
and other cities and so far 8,000 vehicles had been sold in the country.
-TVS Motor Company and Union Bank of India (UBI) have announced the
launch of `Union Miles Scheme,' an exclusive two-wheeler finance scheme
- TVS Motor Company (TVS) launches new 125cc, 4-stroke Victor GLX
motorcycle in Chennai on May 02, 2004
2005
-TVS Motor Company launches TVS Centra VT-i, a variant of its four-stroke
100cc model TVS Centra on May 6
-TVS Motor rolls out two motorcycle variants named Victor EDGE, StaR City
2006
-TVS Motor Company launched a new version of 125 cc Victor GLX with an
electric start option
2007
-TVS Motor Co, has rolled out seven new vehicles, including its first three-
wheeler and a new 125 cc bike, aimed at gaining lost share in a highly
competitive market.
2009
- TVS Motor Company launched Scooty Streak, which is its latest scooterette
targeted at girls of 16 to 20 age group.
TVS Group
TVS Group is one of
India'soldest business groups. It is a giant conglomerate with presence in diverse
fields like automotive component manufacturing, automotive dealerships and
electronics. Today, there are over thirty companies in the TVS Group,
employing more than 40,000 people worldwide and with a turnover in excess of
USD 2.2 billion.
TVS and Sons: TVS and Sons is the largest automobile distribution company
in India. It distributes Heavy Duty Commercial Vehicles, Jeeps and Cars. TVS
and Sons represents premier automotive companies like Ashok Leyland,
Mahindra and Mahindra Ltd., and Honda. The company is also one of the
leading logistics solution providers and has set up state-of-the-art warehouses
all over the country. TVS and Sons has also diversified into distributing a range
Madras Auto Service: Madras Auto Service distributes automotive spare parts
for all leading manufacturers.
TVS - Motor Company Limited: TVS Motor Company Limited is one of the
largest two-wheeler manufacturers in India. It manufactures Motorcycles,
Mopeds, Scooterettes and Scooters.
Axles India Limited: Axles India was promoted by Sundaram Finance, Wheels
India and Eaton Corporation for the manufacture of axles for medium and heavy
duty commercial vehicles in India.
Harita Finance Limited: Harita Finance Ltd is a finance company under the
TVS Group. It deals in retail finance, hire purchase, leasing and bill
discounting.
Harita Finance Limited: Harita Finance Ltd is a finance company under the
TVS Group. It deals in retail finance, hire purchase, leasing and bill
discounting.
IRIZAR TVS (P) Ltd: IRIZAR TVS (P) Ltd. is a joint venture between
Sundaram Industries Ltd, Ashok Leyland Ltd and IRIZAR S. Coop of Spain.
The company builds bus bodies for export and domestic market.
Company Profile
TVS Motor Company (TVS-M) one of the largest two wheeler
manufacturers in India, started manufacturing in 1979. TVS-M currently
manufactures a range of two wheelers namely motorcycles, scooters,
scooterettes and mopeds in its plants located at Hosur (in Tamilnadu) and at
Mysore (in Karnataka). Our subsidiary M/s Lakshmi Auto Components Ltd
(LAC), the Engine component division has been merged with TVS-M, so the
annual report of 2003-04 comprises of both. Our market share is around 22 %.
TVS-M is also the market leader in the moped segment enjoying a share of 69
%. The combined capacity as of march 04 is more than 1.6 million vehicles and
the annual turn over was Rs. 28,560 million (2003-04). TVS-M also exports its
bikes as SKDs and CKDs to African and South Americ
Our products
Motorcycles
➢ TVS AX 100
➢ TVS Fiero
➢ TVS Samurai
➢ TVS Shaolin
➢ TVS Shogun
➢ TVS Apache (150 cc,13.7 Ps @8500rpm)
➢ TVS Apache RTR 160
➢ TVS Apache RTR 160 EFI (Electronic Fuel Injection)
➢ TVS Apache RTR 180 (17.3ps)
➢ TVS Centra
➢ TVS Fiero
➢ TVS Fiero F2
➢ TVS Fiero FX
➢ TVS Flame
➢ TVS Flame (125 cc,ccvti technology)
➢ TVS MAX 100
➢ TVS MAX R 100
➢ TVS Star
➢ TVS Star City
➢ TVS Star Sport
Scooterettes
➢ TVS Scooty KS (60 cc) (2nd Largest used Scooter in India)
➢ TVS Scooty ES (60 cc)
➢ TVS Scooty Pep (90 cc) (3rd largest used scooter in India)
➢ TVS Scooty Pep + (90 cc)
➢ TVS Teenz (60 cc)
➢ TVS Streak (90 cc)
Stepthru
➢ TVS NEO 110
Mopeds
➢ TVS 50 (The most used moped in India and its subcontinent, has been
manufactured 11,26,325 (its variants and derivates included) times
(August 2005) and still going on in service.
➢ TVS XL (60 cc)
➢ TVS Eco
➢ TVS Champ (50 cc)
➢ TVS Super Champ (60 cc)
➢ TVS Sport (70 cc)
➢ TVS XL Super (70 cc)
➢ TVS XL Super Heavy Duty (70 cc)
TVS Apache
TVS Apache is an exciting offer from TVS. A powerful blend of
contemporary design and engineering, TVS Apache is superbly styled with
fantastic finish. The mighty machine has sleek finish with lines that flow
smoothly and seamlessly.
TVS Centra
TVS Centra is an efficient bike in the popular 100 cc segment in
India. Thanks to the VTI (Variable Timing Intelligent) engine technology, it is
TVS Fiero F2
TVS Fiero FX 2 is a dynamic looking body with lots of power
packed features. The all-new twin pod instrument cluster comprises the
speedometer and trip tachometer. Triple rated 5-step shock absorber at the rear
and hydraulically damped front suspension imparts stability and comfort.
TVS Star
The TVS Star is TVS' entry-level bike that challenges the dominance
of the Bajaj CT 100 in the economy-segment. TVS has launched different kinds
of motorcycles which are marketed with all customized specifications.
TVS Super XL
TVS Super XL has been incorporated with all features a two-
wheeler needs to sell itself. The vehicle has been designed with rural vehicles in
mind. With proper safety, speed and easy-to-ride features, it has been able to
taste success in its target market.
TVS Victor
TVS Victor is an impressively styled powerful motorcycle. The bike
is available in new graphics and alloy wheels, which accentuate its sporty style.
The fuel tank has rounded lines with an aircraft styled fuel filler lid.
awards
The 'Good Advertising' award by Auto India Best Brand Awards 2009.
New Delhi: The Japan Institute of Plant Maintenance (JIPM) has awarded the
coveted Total Productive Maintenance (TPM) Excellence Award to TVS Motor
Company in the first category. The company won the award for its exemplary
implementation of TPM processes in its Plant II in Hosur and its Mysore plant.
The TPM Excellence Award is the most prestigious award presented to
“The journey towards excellence is endless and team TVS is always committed
to attaining higher level targets. It is the combined effort and hard work of all
the team members, which has resulted in us being awarded the TPM Excellence
award. Such recognitions definitely boosts the morale, determination and zeal
of the team and induces a spirit to achieve even better operational excellence
and business results”, said Mr Venu Srinivasan, Chairman, TVS Motor
Company.
This is the second time that TVS Motor Company has bagged this esteemed
award. In 2004 the Engine Component Division at Hosur had received the
distinguished honor in recognition for excellence in application of TPM
methodology.
TVS Motor Company Limited, the flagship company of the USD 2.7 billion
TVS Group, is the third largest two-wheeler manufacturer in India and among
the top ten in the world, with an annual turnover of over USD 740 million. The
company is the only two-wheeler manufacturer in the world to be honoured
with the hallmark of Japanese Quality – The Deming Prize for Total Quality
Management.
The Company has applied for over 200 patents and its R&D team has published
44 technical papers in national and international conferences .
The Company has also integrated its dealers and suppliers into its IT systems.
During the year 2007-08, the Company has implemented Product Lifecycle
Management system to digitize the new product of new products into the
market. It integrates different processes within the Company and enables
electronic collaboration with product development vendors.
The Company has also introduced Business Intelligence tool to get quick
access to information through dashboards for effective decision-making.
COMPANY PERFORMANCE
TVS Flame
This is the hottest riding experience sporting many first time
features (in the executive segment) like the embedded trafficators, Instant
Mileage Indicator, Delta Edge exhaust andglove box. Flame sports are
volutionary 3 Valve CCVTi engine which delivers best in class mileage
without compromise on power. With this launch, the Company will actively
compete in the executive segment.
Apache RTR
This 160cc Apache launched in the growing premium segment,
was declared Performance Bike of the year 2008 by Auto Business Standard
Motoring , NDTV and Overdrive. It also bagged the NDTV Car & Bike Award
for Best Design of the year.
StaR Sport
Motorcycles
In this category, the Company faced a steep decline of 33%
during2007-08. The Company's motorcycle portfolio was largely dependent on
StaR brand of motorcycles and the impact of non availability of retail finance
was severe. Launch of TVS Flame was delayed due to litigation on usage of
twin spark plug. While the legal process is still going on, in order to avoid
business disruption , the Company has launched TVS Flame with a single spark
plug without compromising on any of the performance parameters . With the
complete product range now available, the Company hopes to reverse the
decline and grow during 2008-09.
Un geared scooters Scooty Pep+ continues to be the market leader in sub
100ccmarket. Emergence of electric scooters segment has affected TVS Scooty
sales marginally. The newly launched TeenZ Electricwill address this issue.
This product is also rated the best
Mopeds
Mopeds grew by 19% and increased its market share to 95% from
89% in the previous year. Focused efforts on non-south states have helped to
achieve this growth.
International Business In 2007-08, export business saw steep growth of 32% as
compared to 28% in the previous year. During this period, 5 more countries
were included, taking the total countries to which the Company exports to 53.
➢ The StaR brand stands to gain from this, but the current retail finance
situation may hinder its growth in the current year.
➢ The Company has a strong presence in the sub 100cc ungeared scooter
segment. However, the Company has no presence in the large scooter
format which accounts for 70% of the total ungeared scooters.
➢ The Company plans to launch a new product during the year to target
these customers. Emergence of electric scooters, especially in the
context of rising fuel prices provides a new avenue of growth.
OPERATIONS REVIEW
Quality
The Company has significantly improved the quality performance of
all its products through a systematic task force approach. The fact that the
Company came out with Industry first five year extended warranty program on
StaR brand is a testimony to its manufacturing quality.
TQM
The Company continues to benefit from 100% participation of employees
in TQM activities. The employees have completed more than 1,200 projects
through QC Circles and Cross Functional Teams. The average number of
suggestions implemented per employee was 69 during 2007-08.
Cost management
The Company continues its rigorous focus on costs through
an effective deployment system. Value engineering and aggressive global
sourcing projects are being pursued to reduce material costs and also to partially
neutralize input material cost increase.
TPM is practiced in all the plants to ensure significant improvement in
productivity and reduction in manufacturing cost.
During 2007-08, the Hosur and Mysore plants
were awarded the TPM excellence certificate by the Japanese Institute of Plant
Management (JIPM).
CAUTIONARY STATEMENT
Statements in the management discussion and
analysis report describing the company’s objectives, projections,
estimates and expectations may be gforward looking statementsh
within the meaning of applicable securities laws and regulations. Actual
results could differ materially from those expressed or implied. Important
factors that could make a difference to the Company’s operations include,
among others, economic conditions affecting demand supply and price
conditions in the domestic and
over seas markets in which the Company operates, changes in the Government
regulations, tax laws and other statutes and incidental factors.
specialisation
TVS Apache RTR 180: The new member of the TVS Apache stable
TVS, the maker of the popular Apache RTR
brand, released TVS Apache RTR 180cc bike last month, the new member of
the Apache family. The Apache bikes are racing bikes. If you are looking for a
bike which is stylish and powerful at the same time, then this is the bike for you.
The Apache RTR 180 comes with superb aerodynamic design. TVS mainly
made changes in the engine which made the major difference in the
performance of this bike. The new Apache RTR 180 will compete with Bajaj
Pulsar 180cc and Bajaj Pulsar 200cc bikes, Yamaha FZ-S bike. TVS is also
planning to launch another motorcycle in India by the end of this year and it
would start exporting its Apache RTR 160 FI to North America at the same
time.
Aerodynamic airscoops:
The aerodynamc airscoops makes sure that cool air
flows towards the engine unit to cool it down.
Engine fairing:
The engine fairing adds up to the aero dynamic design of the
TVS Apache RTR 180. It also protects RTR engine from harsh road conditions.
Head Lamp:
The head lamp and park lights are integrated into the cowl. It
provides good visibility.
Stylish exhaust:
The roar says it all for TVS RTR 180. Designed with great
care, the exhaust not only releases the gas produced from internal combustion
but also adds up to the overall style icon of the bike.
Foot pegs:
The rear set foot pegs is fitted in such a way that is gives the rider a
sporty stance while riding the bike. The foot pegs of TVS Apache RTR 180 are
lightweight and contribute to the power to weight ratio.
Price:
TVS Apache RTR 180 will cost Rs.64,000 (ex-showroom).
➢ Length: 2085.00 mm
➢ Width: 730.00 mm
➢ Height: 1100.00 mm
➢ Kerb weight: 137 kg.
➢ Maximum payload: 130 kg.
➢ Colors: White, gray, yellow and black.
Other specifications:
Engine:
For the convenience of the customer and smooth running of the concern, the
unit has been divided into various section.
The mechanic in the workshop are talented and have efficient and
have attend various training camp organized by TVS COMPANY .
The unit has separate spare parts counter , where in all spare and
equipment are genuine and indirectly supplied by the TVS COMPANY. The
unit has spare parts of all ranges bike of TVS.
JEEVOTHAM TVS
deals with following TVS company motor cycle
ORGANISTIONAL BEHAVIOUR
In firm size , it is humanly impossible for an
individual to do justice to the multitudes and the complex demand of the
managing and operating of the business .since management essentially implies
taking work from other as per the plan . there authority to the work done from
the later as per specific directives . All the management function of planning ,
organizing , directing and controlling cannot be perform by an officer at the top.
ORGANISTIONAL structure
Under the workshop in charge there are two skilled mechanics and
two mechanics cum electricians and under each of them there are two helpers.
The top down chart of the JEEVOTHAM TVS, the major function at the top
which subordinates function is successive lower position.
The unit undertakes all kinds of sales, repairs, servicing and maintenance of
all TVS motorcycles. As a sub-dealer JEEVOTHAM TVS provides 2 years
warranty after sales services to all TVS motorcycles on certain terms &
conditions. It offers FIVE free services for new vehicles, regular services after
free services and general checkups. Everyday there are at least 15-20 vehicles
for servicing.
The free services are offered on all TVS motorcycles on the following basis:
COMPETITORS
SALES PROMOTION
➢ Monsoon Mela
➢ Finance facilities
➢ Test drive
OBJECTIVES
The main objective of the study is
finding the popularity of TVS co in Bhatkal and also the titled
itself indicates the Consumer behaviour towards TVS Apache
in Bhatkal and to see why the customer preferring TVS
Apache at the alternatives of Hero Honda’s CBZ Xtreme and
Bajaj’s Pulsar .
Survey research:
Survey research is the systematic gathering of information from
respondents for the purpose of understanding and/or predicting some aspects of
the behavior of the population of interest. It is the most common method of
collecting primary data for marketing decisions. Survey can provide data on
attitudes, feelings, beliefs, past and intended behavior, knowledge, ownership,
personal characteristics and other descriptive items. Survey research is
concerned with administration of questionnaires (interviewing). The survey
research must be concerned with sampling, questionnaire design, questionnaire
administration and data analysis. The administration of questionnaire to an
individual or group of individuals is called an interview.
A questionnaire is simply a formalized set of questions for eliciting information.
As such, its function is measurement and it represents the most common form of
measurement in marketing research.
METHADOLOGY
Primary data:
The primary data included the information collected from the
1. Proprietor, manager and employees of Jeevotham TVS.
2. Structured questionnaire
3. Personal interview with customers
Secondary data:
Secondary data includes
a. Data from various magazines esp. bike magazines.
b. Internet
c. Brochures
d. Books
e. Newspapers etc
Definition of population:
Sampling plan:
Data collected has been analyzed and interpreted by using simple percentage
method and finally the data is presented in graphs and charts.
Sampling frame :
1. Customers visiting showrooms for servicing their motorcycles
2. Shopping malls, Supermarket, Markets, College parking etc
Sampling unit:
Motorcycles owners esp. Bajaj Pulsar motorcycle owners
Sampling method:
Simple random sampling method was used.