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Sr No.
1.
Page no
Particulars
Introduction to the subject and
Literature Review
Research
Objectives
and
Methodology to include:
Objectives of the study
Defining the scope of
2.
study
Usefulness of the study.
Limitations of the study.
Methodology of research to
explain
3.
4.
5.
6.
the
how
the
study
is
carried out
Use of primary and secondary
data
Uses of abbreviations
Interpretation of Data
Findings and Suggestions
Findings: (Analysis carried out
in the previous chapter should
support the findings)
Recommendations:
Conclusion & Future directions for
the study
Bibliography
Appendix
- Annexure
Exhibit.
CHAPTER 1
Introduction
Motorcycles are one of the most affordable forms of motorised transport in
many parts of the world and, for most of the world's population; they are
also the most common type of motor vehicle. There are around 200
million
motorcycles
scooters, motorised
CHAPTER 2
About Bajaj
CHAPTER 3
Infrastructure
and
Industrial
Development
Corporation
of
Uttarakhand Ltd. to retain its hold over the 94 acres of vacant land at
Haridwar. Two wheeler markets are full of hope and opportunities. The
emerging Indian economy is wooing many firms to enter this foray to
consolidate future prospect of the Industry. Two wheeler segments is a
part of giant Indian automobile industry. This segment has seen 20% to
25% growth rate from the post 2000.India is having 35 crore middle class
family which is target consumers of this segment. Connecting villages to
the towns and state capitals &adding the sales every year. Nearly 10 % of
Indian population can afford the 4 wheeler. This statement itself reveals
the future and present prospect of two wheeler segment.
BAJAJ AUTO which having a long experience of this domain is leaving no
stone unturned to compete with its counterpart HERO HONDA MOTOR , a
world leading company of this segment. But Hero Honda is leading the
way by giving consumers more values and tangibility. Under the
leadership of Munjal brothers, it has set many milestones in two wheeler
market with their market insight and innovation. In this project I have tried
to find out the market capitalization of both giants and to know the
consumers perception towards them. I have tried to analyse the duo on
the many parameter such as Innovation, Technology, popularity, Brand
value, customer perception towards them. For this I got fill up
questionnaire as well interviewed to know their response. Mileage, price,
maintenance, Brand value, effect of advertisement, after sales services
are my course of concern during noting the response of interviewee. As
Hero Honda has been dominating the market for a long time, so I have
tried to find out the reason behind this. The factors which makes HH
supreme.
Customer satisfaction is an ambiguous and abstract concept and the actual
manifestation of the state of satisfaction will vary from person to person
and product/service to product/service. The state of satisfaction depends
on a number of both psychological and physical variables which correlate
with satisfaction behaviors such as return and recommend rate. The level
of satisfaction can also vary depending on other options the customer may
have and other products against which the customer can compare the
organization's products.
Because satisfaction is basically a psychological state, care should be taken in
the effort of quantitative measurement. These ten domains of satisfaction
include: Quality. Value. Timeliness, Efficiency, Ease of Access, Environment, Interdepartmental Teamwork, Front line Service Behaviors, Commitment to the
Customer and Innovation. These factors are emphasized for continuous
improvement and organizational change measurement and are most often
utilized to develop the architecture for satisfaction measurement as an
integrated model. The basis for the measurement of customer satisfaction is by
using the gap between the customer's expectation of performance and their
perceived experience of performance. This provides the measurer with a
satisfaction "gap" which is objective and quantitative in nature customer
satisfaction equals perception of performance divided by expectation of
performance.
Marketers in recent times have realized the importance of marketing orientation,
and this is being reflected in the application of marketing mix elements.
Consumer's need, are fundamental to the formulation of any marketing strategy,
from developing a communication plan. It may be worthwhile to explore the
intricate aspects of consumer satisfaction level which focuses on 'consumer
needs'. These concepts enable marketers to analyze the acceptability of
strategies planned by them.
conventional wisdom in market research tends to favor the view that that
there are distinct types, and we need to isolate them according to some
parameter and label them.
Customer satisfaction as the key element for success in business is a
major concern for any industry. In this paper I have tried to propose a how
customer satisfaction level can affect the performance of an organization.
Customer satisfaction, a business term, is a measure of how products and
services supplied by a company meet or surpass customer expectation. It
is seen as a key performance indicator within business and is part of the
four perspectives of a Balanced Scorecard. In a competitive marketplace
where businesses compete for customers, customer satisfaction is seen as
a key differentiator and increasingly has become a key element of
business strategy.
There is a substantial body of empirical literature that establishes the
benefits of customer satisfaction for limit.
Measuring customer satisfaction
Organizations are increasingly interested in retaining existing customers
while targeting non-customers; measuring customer satisfaction provides
an indication of how successful the organization is at providing products
and/or services to the marketplace.
Selective Target Market
A review of marketing opportunities often helps in identifying distinct
consumer segments with very distinct wants and needs. Identifying these
groups, learning how they behave and how they make their purchase
Based on earlier research done Hero Honda, Bajaj Auto and Enfield
motorcycles have come out tops in the customer satisfaction ratings in
the 2007 TNS Motorcycle Total Customer Satisfaction Study conducted by
TNS Automotive.
The study says that newly launched motorcycles including the Splendor
NXG and CBZ Extreme from Hero Honda, Discover 135 from Bajaj Auto
and Bullet 350 from Enfield have been ranked highest in their respective
segments.
The study was conducted by compiling responses of more than 7,000 new
motorcycle buyers as regards the performance of more than 50 models
across parameters like sales satisfaction, product quality, motorcycle
Objectives
To
To
To
To
regarding bikes
CHAPTER 4
RESEARCH METHODOLOGY
It is well known fact that the most important step in marketing research
process is to define the problem. Choose for investigation because a
problem well defined is half solved. That was the reason that at most care
was taken while defining various parameters of the problem. After giving
through brain storming session, objectives were selected and the set on
the base of these objectives. A questionnaire was designed major
emphasis of which was gathering new ideas or insight so as to determine
and bind out solution to the problems.
DATA SOURCE
Research included gathering both Primary and Secondary data. Primary
data is the first hand data, which are selected a fresh and thus happen to
be original in character. Primary Data was crucial to know various
customers and past consumer views about bikes and to calculate the
market share of this brand in regards to other brands. Secondary data are
those which have been collected by someone else and which already have
been passed through statistical process. Secondary data has been taken
from internet, newspaper, magazines and companies web sites.
RESEARCH APPROACH
The research approach was used survey method which is a widely used
method for data collection and best suited for descriptive type of research
survey includes research instrument like questionnaire which can be
structured and unstructured. Target population is well identified and
CHAPTER 5
CHAPTER 6
through
field
survey
method.
For
collecting
the
data
No. of respondents
Percentage
Factors
Bajaj PulsarYamaha FzBajaj PulsarYamaha Fz
Below 20 years
26
21
52
42
21 to 30 years
11
19
22
38
31 to 40 years
12
14
Above 40 years
14
Total
50
50
100
1. Percentage Analysis
Table 6.1
Age of the respondents
Inference
It is observed from the above table that respondents below the age of 20
are 52% and 42% who use Bajaj Pulsar & Yamaha Fz respectively. In the
age group of 21 30 years, 22% use Pulsar and 38% use Fz. But, in the
age group of 31 40, 14% are using Fz while 12% are still using Pulsar. In
the elder age group, 14% use Pulsar and 6% use Fz for riding.
Chart 6.1
Age of the respondents
Age
60
50
40
Bajaj Pulsar
30
Yamaha Fz
20
10
ye
ar
s
Ab
ov
e
40
ye
ar
s
31
to
4
0
ye
ar
s
21
to
3
0
Be
lo
w
20
ye
ar
s
Table 6.2
Gender of the respondents
No. Of Respondents
Percentage
Factors
Bajaj
Pulsar
Yamaha Fz
Bajaj
Pulsar
Yamaha Fz
Male
50
50
100
100
Female
Total
50
50
100
Inference:
Here we can see that 100% of the respondents for both the Pulsar &Fz
users.
Chart 6.2
Gender of the respondents
Gender
Male
Female
2
1
0
100
100
Table 6.3
Occupation of the respondents
No. Of Respondents
Factors
Percentage
Bajaj
Pulsar
Yamaha
Fz
Bajaj
Pulsar
Yamah
a Fz
Student
30
40
60
80
Employee
10
20
10
Business man
16
Others
Total
50
50
100
Inference:
Here 60% from Pulsar are students & 80 % of the students are using Fz.
20% of them from Pulsar users are employee and 10% of them are Fz
users while 16% of Pulsar users & 8% are Businessmen.
Chart 6.3
Occupation of the respondents
Occupation
80
70
60
50
Percentage Bajaj Pulsar
30
Percentage Yamaha Fz
Pe
rc P
ener
tcae
gnet
aBg
aej
aYj a
Pm
ula
saha
r F
z
40
20
10
an
Bu
si
ne
ss
m
St
ud
en
t
Table 6.4
Annual family income level
No. Of Respondents
Factors
Percentage
Bajaj
Pulsar
Yamaha
Fz
Bajaj
Pulsar
Yamaha
Fz
>Rs. 2,00,000
11
22
10
22
15
44
30
11
18
22
36
<Rs. 4,00,000
12
12
24
Total
50
50
100
Inference:
22% users of Pulsar are below 200000 annual family income levels & in Fz
users its 10% only. While income level 200000-300000 for Pulsar users is
44% & 30% are Fz users & in between 300000-400000 income level users
its 22% in Pulsar & 36% in Fz. And the rest 12% in Pulsar & 24% in Fz
users are from annual income level of above 400000.
Chart 6.4
Annual Family Income level
Percentage Yamaha Fz
44
36
30
22
24
22
12
3,
00
,0
00
Rs
.
4,
00
,0
00
<
Rs
.
4,
00
,0
00
Rs
.
Rs
.
2,
00
,0
00
Rs
.
>
Rs
.
3,
00
,0
00
2,
00
,0
00
10
Table 6.5
For how long do you own a bike?
No. Of Respondents
Factors
Percentage
Bajaj
Pulsar
Yamaha
Fz
Bajaj
Pulsar
Yamaha
Fz
13
26
18
1-2 years
12
24
12
2-3 years
22
25
44
50
<3 years
10
20
Total
50
50
1.1
Years
100
Inference:
Here we could see that the Pulsar users who own their bike for 0-1 years is
about 26% & when comparing to Fz users its 18%, while 1-2years in Pulsar
its 24% &Fz its 12%. 2-3 years. 44% of the Pulsar users own their bike for
2-3years &Fz users are 50%. Rest 6% of Pulsar & 20% of the Fz users own
the bike for more than 3years.
Chart 6.5
For how long do you own this bike?
Years of use
Percentage Bajaj Pulsar
Percentage Yamaha Fz
50
18
12
26
24
44
20
0-1 Years
1-2 years
6
2-3 years
<3 years
Table 6.6
For what purpose you use this bike?
No. Of Respondents
Percentage
Factors
Bajaj
Pulsar
Yamaha
Fz
Bajaj
Pulsar
Yamaha
Fz
Business
16
11
32
22
Daily use
26
37
52
74
Long Drive
16
Total
50
50
100
Inference:
Here 32% from Pulsar & 22 % of Fz users are using for Business purpose.
52% Pulsar users and 74% Fz users are using for Daily use while 16% of
Pulsar users & 4% of Fz users are using for Long drive.
Chart 6.6
Purpose of bike
Percentage Bajaj Pulsar
Percentage Yamaha Fz
4
22
74
16
32
52
Business
Daily use
Long Drive
Table 6.7
What is the mode of purchase of the bike?
No. Of Respondents
Factors
Percentage
Bajaj
Pulsar
Yamaha
Fz
Bajaj
Pulsar
Yamaha
Fz
Cash
17
16
34
Cheque
14
Credit/Debit Card
10
12
EMI
30
23
60
46
Total
50
50
100
Inference:
Here we could see that the Pulsar users made their purchase through cash
is about 16% & when comparing to Fz users its 34%, while through
cheque for Pulsar its 14% &Fz its 8%. Credit/debit card purchases is 10%
of the Pulsar users &Fz users are 12%. Rest 60% of Pulsar & 46% of the Fz
users purchased their bike on EMI basis.
Chart 6.7
Mode of Purchase
60
50
40
Percentage Bajaj Pulsar
30
Percentage Yamaha Fz
20
10
Cr
ed
it/
D
eb
it
Ca
sh
Ca
rd
Table
6.8
How do you know about the bike?
No. Of Respondents
Factors
Percentage
Bajaj
Pulsar
Yamaha
Fz
Bajaj
Pulsar
Yamaha
Fz
Advertisement
16
23
32
46
Newspaper
18
14
Friends
19
18
38
36
Internet
12
Total
50
50
Inference:
100
We could see that the Pulsar users have known their bike through
advertisement are about 32% & when comparing to Fz users its 46%,
while through Newspapers for Pulsar its 18% &Fz its 14%. Knowing
through friends is 38% of the Pulsar users &Fz users are 36%. Rest 12% of
Pulsar & 4% of the Fz users have known through internet
Chart 6.8
Knowing of bike
50
45
40
35
30
25
20
15
10
5
0
In
te
rn
et
Fr
ie
nd
s
ew
sp
ap
er
N
Ad
ve
rt
is
em
en
t
Percentage Yamaha Fz
Table 6.9
If you wish to take your bike for a race, how
much stars would you like to rate?
No. Of Respondents
Factors
Percentage
Bajaj
Pulsar
Yamaha
Fz
Bajaj
Pulsar
Yamaha
Fz
1 Star
12
24
2 Stars
3 Stars
20
17
40
34
4 Stars
15
28
30
56
Total
50
50
100
Inference:
We could see that the 24% Pulsar users have voted 1star for their bike &
when comparing to Fz users its 6%, while 2stars are being voted by Pulsar
users is 6% &Fz its 4%. 3stars voted is 40% of the Pulsar users &Fz users
are 34%. Rest 30% of Pulsar & 56% of the Fz users have voted 4 stars.
Chart 6.9
Percentage Yamaha Fz
34
56
6
40
24
1 Star
30
4
6
2 Stars
3 Stars
4 Stars
No. Of Respondents
Factors
Percentage
Bajaj
Pulsar
Yamaha
Fz
Bajaj
Pulsar
Yamaha
Fz
50 kms
17
18
34
36
100 kms
21
22
42
44
150 kms
16
18
200 kms
Total
50
50
100
Table 6.10
How many kms do you ride in this bike daily?
Inference:
Here we could see that the Pulsar users who ride 50kms daily is about
34% & when comparing to Fz users its 36%, while 100kms in Pulsar its
42% &Fz its 44%. 16% of the Pulsar users ride for 150kms daily &Fz users
are 18%. Rest 8% of Pulsar users & 2% of the Fz users drive their bike
upto 200kms daily.
Chart 6.10
Kms of Riding
45
40
35
30
Percentage Yamaha Fz
25
20
15
10
5
0
50 kms
100 kms
150 kms
200 kms
Table 6.11
What do you feel about the performance of the
bike?
No. Of Respondents
Factors
Percentage
Bajaj
Pulsar
Yamaha
Fz
Bajaj
Pulsar
Yamaha
Fz
Good
11
18
22
36
Poor
19
38
10
Very good
26
14
52
Very poor
13
26
Total
50
50
100
Inference:
We could see that the 22% Pulsar users have voted as good for their bike
& when comparing to Fz users its 36%, while votings as poor by Pulsar
users is 38% &Fz its 10%. Very good voting is 14% of the Pulsar users &Fz
users are 52%. Rest 26% of Pulsar & 2% of the Fz users have voted as
very poor.
Chart 6.11
Performance of Bike
60
50
40
30
20
10
0
Good
Poor
Very good
Very poor
Table 6.12
Which road is most suited for your bike?
No. Of Respondents
Factors
Percentage
Bajaj
Pulsar
Yamaha
Fz
Bajaj
Pulsar
Yamaha
Fz
Highway roads
20
18
40
36
City roads
20
22
40
44
Street roads
10
10
20
20
Total
50
50
100
Inference:
Here 40% from Pulsar & 36 % of Fz users prefer Highway roads for riding.
40% Pulsar users and 44% Fz users prefer city roads, while 20% of Pulsar
users & 20% of Fz users prefer street roads.
Chart 6.12
Percentage Yamaha Fz
44
36
20
40
40
20
Highway roads
City roads
Street roads
Ta
ble 6.13
Are you satisfied with the mileage?
No. Of Respondent
s
Percentage
Factors
Bajaj
Pulsar
Yamaha
Fz
Bajaj
Pulsar
Yamah
a Fz
Yes
45
40
90
80
No
10
10
20
Total
50
50
100
Inference:
90% of Pulsar users are satisfied with the mileage whereas only 80% of Fz
users are satisfied & 10% of Pulsar and 20% of Fz users are not satisfied.
Chart 6.13
Mileage satisfaction
Yes
No
100%
10
90
200%
20
80
Table 6.14
Is the bike worth for the value paid?
No. Of Respondents
Percentage
Factors
Bajaj
Pulsar
Yamaha
Fz
Bajaj
Pulsar
Yamaha
Fz
Yes
26
30
52
60
No
24
20
48
40
Total
50
50
100
Inference:
52% of Pulsar users & 60% of the Fz users are satisfied with the price paid
whereas, 48% of pulsar & 40% Fz users are not satisfied with price paid
for their bike.
Chart 6.14
No
100%
48
52
200%
40
60
Table 6.15
If you have your own bike and new bike comes in
market with some good features then would you
like to change your bike?
No. Of Respondents
Percentage
Factors
Bajaj
Pulsar
Yamaha
Fz
Bajaj
Pulsar
Yamaha
Fz
Yes
41
19
82
38
No
31
18
62
Total
50
50
100
Inference:
82% of Pulsar users & 38% of the Fz users are ready to change their bike
whereas, 18% of pulsar & 62% of Fz users are not ready to change their
bike.
Chart 6.15
Changing of bike
90
80
70
60
50
40
30
20
10
0
Yes
No
Table 6.16
Did you have full knowledge about Bike
before buying?
No. Of Respondents
Percentage
Factors
Bajaj
Pulsar
Yamaha
Fz
Bajaj
Pulsar
Yamaha
Fz
Yes
33
40
66
80
No
17
10
34
20
Total
50
50
100
Inference:
66% of Pulsar users & 80% of the Fz users were having knowledge about
their bike whereas, 34% of pulsar & 20% of Fz users were not having
knowledge about their bike.
Chart 6.16
Yes
No
10
20
30
40
50
60
70
80
90
Table 6.17
Does Advertisement Influence your decision in
No. Of Respondent
s
Percentage
Factors
Bajaj
Pulsar
Yamaha
Fz
Bajaj
Pulsar
Yamah
a Fz
Yes
45
36
90
72
No
14
10
28
Total
50
50
100
Inference:
90% of Pulsar users & 72% of the Fz users answered as Yes whereas, 10%
of pulsar & 28% of Fz users answered as no.
Chart 6.17
72
20
28
40
60
80
100
120
Table 6.18
No. Of Respondent
s
Percentage
Factors
Bajaj
Pulsar
Yamaha
Fz
Bajaj
Pulsar
Yamah
a Fz
Yes
43
30
86
60
No
20
14
40
Total
50
50
100
Inference:
86% of Pulsar users & 60% of the Fz users answered as Yes whereas, 14%
of pulsar & 40% of Fz users answered as no.
Chart 6.18
Yes
No
10
20
30
40
50
60
70
80
90
No. Of Respondent
s
Percentage
Factors
Bajaj
Pulsar
Yamaha
Fz
Bajaj
Pulsar
Yamah
a Fz
Yes
35
17
70
34
No
15
33
30
66
Total
50
50
100
Table 6.19
Do you think customising this bike after purchase
is required?
Inference:
70% of Pulsar users & 34% of the Fz users answered as Yes whereas, 30%
of pulsar & 66% of Fz users answered as no.
Chart 6.19
Yes
No
10
20
30
40
50
60
70
Table 6.20
Do you think that the company should make
changes in its bike in any of the following?
No. Of Respondents
Percentage
Factors
Bajaj
Pulsar
Yamaha
Fz
Bajaj
Pulsar
Yamaha
Fz
Yes
36
26
72
52
No
14
24
28
48
Total
50
50
100
Inference:
72% of Pulsar users & 52% of the Fz users answered as Yes whereas, 28%
of pulsar & 48% of Fz users answered as no.
Yes
No
10
20
30
40
50
60
70
80
Chart
6.20
Bajaj Pulsar
Table 6.21
Highly
Avera
Preferr
ge
ed
Less
Preferr
ed
Weighted
Average
Weights
Style/Design
23
11
16
107/50
2.14
Performance
19
22
87/50
1.74
Mileage
29
13
121/50
2.42
Colour
17
19
15
104/50
2.08
Brand
31
11
120/50
2.4
Interpretation
Table 6.22
Rank 1
Rank 2
Rank 3
Rank 4
Rank 5
2.14
1.74
2.42
2.08
2.4
Mileage
Colour
Brand
Style/Design Performance
b) Yamaha FZ
Table 6.23
Relevant
Parameters
Highly
Avera
Preferr
ge
ed
Less
Preferr
ed
Weighted
Average
Weights
Style/Design
27
15
119/50
2.38
Performance
35
11
135/50
2.7
Mileage
12
17
21
91/50
1.82
Colour
21
13
16
105/50
2.1
Brand
18
15
17
101/50
2.02
Interpretation
Table 6.24
Rank 1
Rank 2
Rank 3
Rank 4
Rank 5
2.38
2.7
1.82
2.1
2.02
Mileage
Colour
Brand
Style/Design Performance
Inference
Chart 6.21
Preference of features
3
2.5
2
1.5
Weighted average analysis
1
0.5
Br
an
d
Co
lo
ur
M
ile
ag
e
st
yl
e/
de
si
gn
Pe
rfo
rm
an
ce
Bajaj Pulsar
Ranks
Factors
Service quality
23
12
19
17
Price
11
16
15
Maintenance cost
21
14
12
b)
Factors
Yamaha FZ
Table 6.26
Ranks
1
Service quality
10
30
18
17
Price
12
12
18
Maintenance cost
14
17
15
Inference
Chart 6.22
Service quality
30
25
Bajaj Pulsar
20
Yamaha Fz
15
10
5
0
Chart 6.23
Rank
Chart
6.24
Price
18
16
14
Bajaj Pulsar
12
Yamaha Fz
10
8
6
4
2
0
Maintenance Cost
25
20
Bajaj Pulsar
Yamaha Fz
15
10
5
0
Chart
6.25
From the above rank analysis, it can be concluded that users of Yamaha
FZ agree with service quality provided by their authorised service centre &
their after sales services. When comparing to maintenance cost both
users have equal voting, & while coming to price most of them are
satisfied with FZ with that of Bajaj Pulsar which is little costlier.