Академический Документы
Профессиональный Документы
Культура Документы
OF
BANGALORE UNIVERSITY
By
Associate Professor
2018-2019
1
CHAPTER-1
INTRODUCTION
2
INTRODUCTION
Cycling, likewise called bicycling or biking, is the utilization of bicycles for
transport, entertainment, practice or sport. People occupied with cycling are
alluded to as "cyclists", or less regularly, as "bicyclists". Apart from two-wheeled
bikes, "cycling" additionally incorporates the riding of unicycles, tricycles, and
Quadra cycles, prostrate and comparative human-fuelled vehicles (HPVs).
Bicycles were presented in the nineteenth century and now number around one
billion worldwide. They are the primary methods for transportation in numerous
parts of the world.
The essential shape and setup of a common upstanding or "security bicycle", has
changed little since the primary chain-driven model was created around 1885.
However, numerous subtleties have been enhanced, particularly since the
approach of present day materials and PC helped structure. These have considered
a multiplication of specific plans for some kinds of cycling.
Among the disservices of cycling are the prerequisite of bicycles (aside from
tricycles or Quadra cycles) to be adjusted by the rider so as to stay upstanding, the
diminished assurance in accidents in contrast with engine vehicles, regularly
longer travel time (aside from in thickly populated regions), defencelessness to
climate conditions, trouble in transporting travellers, and the way that a
fundamental dimension of wellness is required for cycling moderate to long
3
separations. The Indian bike showcase is required to develop fundamentally soon
because of expanding reception of premium bicycles separated from standard
ones, as indicated by the India Bicycle Market Outlook, 2021. The passage of
remote firms will be a force. The significant residential organizations like Hero
Cycles, TI Cycles, Avon Cycles, and Atlas are endeavoring endeavors to snatch
the market through wise developments in this fragment.
Cycling rapidly turned into a movement after bicycles were presented in the
nineteenth century and stay well known with in excess of a billion people
worldwide utilized for amusement, transportation, and game.
1.2.1 Racing:
The principal archived cycling race was a 1,200-meter race hung on May 31,
1868, at the Park of Saint-Cloud, Paris. It was won by ostracize Englishman James
Moore who rode a bicycle with strong elastic tires. The principal cycle race
covering a separation between two urban communities
was Paris– Rouen, additionally won by James Moore,
who rode the 123 kilometers partitioning the two
urban areas in 10 hours and 40 minutes.
constantly since 1887, the club has supported races and planned separation
4
occasions since its commencement. Its individuals have incorporated various
national heroes and Olympic colleagues.
1.2.2 Recreation:
Cycling as amusement ended up composed not long after hustling did. In its initial
days, cycling united the genders in an unchaperoned way, especially after the
1880s when cycling turned out to be progressively available attributable to the
innovation of the Rover Safety bicycle. Open cries of alert at the possibility of
good mayhem emerged from this and from the advancement of ladies' cycling
clothing, which became logically less encompassing and restrictive.
On 4 March 1915, the general public for the development of cycleways in the
Gooi and Eemland locale in the Netherlands was established. It is the last private
"Cycle Path Society" that still exists today. A few people thought the expanding
measure of engine traffic in the mid-twentieth century was so unsafe for
individuals cycling, particularly the individuals who rode as a relaxation
movement, that they needed separate cycling framework to be constructed. The
courses would likewise not be associated with a course for engine traffic and for
the most part for entertainment - so not the briefest courses, but rather the most
delightful routes.
Today we see a resurgence of recreational cycling. We can see this with numerous
companies taking care of the demand for this pattern and spend significant time in
retro/vintage style bicycles that began in the Netherlands.
1.2.3 Touring:
5
1.3 Types of Premium Bicycles in India:
In the event that you are looking to simply ride inside the city, consider getting
yourself a city bike. These bicycles accompany a straightforward casing geometry
with a raised handlebar that offers you an upstanding riding position offering the
rider a great deal of solace. The bicycles additionally have an expansive seat to
that improves riding even. There are additionally ladies explicit city bicycles
accessible that offer more solace.
A bicycles perfect for wellness, and long separation visiting is a half and half
bicycles. Cross breed bicycles are fundamentally a mix of a street bicycle (700c
street bike wheels) and a trail blazing bicycle (level handlebars). These bicycles
are more towards execution and offer a proficient riding position.
There is a wide assortment of cross breed bicycles accessible in the market. Some
have more extensive tires and a suspension fork in advance, to assuage harsh
streets, while others have smaller tires and an unbending fork for progressively
proficient landing area riding.
Intended for execution and speed, street bicycles are light and intended to be
ridden on cleared streets. The geometry of these bicycles offers a short wheelbase,
low base section, and the lofty head tube that lets the rider to respond in a split
second. The bicycle additionally offers a low focal point of gravity which is
reasonable for turning.
Another attributes of these bikes are the thin tires 20-25mm width put on 700C
wheels. The bicycle likewise accompanies a drop bar handle bar that positions the
rider in an air position.
6
1.3.4 Mountain Bike(MTB):
As the bike accompanies wide tires that offer additional footing and an upstanding
edge offering higher freedom, it is anything but difficult to ride onassortment of
surfaces, including rock, soil, shake and sand.
Moreover, these sort of cycles likewise has an extensive variety of adapting that
offers an assortment of riggings to pick while riding on level or soak landscapes.
MTB's are generally accessible in 2 types; the hard tail (front suspension) and a
double suspension bike (front and back suspension).
As the name recommend, this kind of cycles accompanies fat tires which are
larger than average. Such sorts of bikes are intended to be ridden on snow, sand,
earth tracks and on rough territories. The wide tires are the thing that makes it
conceivable to offer the rider more footing and padding. Likewise, the adaptable
bicycles accompany wide tires that make conveying loads a lot simpler.
These bicycles are called as time preliminary or TT bicycles! These bicycles are a
regulated variant of street bicycles with more accentuation on a streamlined edge
structure and furthermore an expansion of time trail explicit handlebar
augmentation to make the riding stance air.
These sorts of cycles accompany little casing and wheels. They likewise have a
level handlebar and no apparatuses. In spite of their little size, the bicycles are
solid and can deal with the heaviness of a normal grown-up while playing out the
tricks.
The best part about BMX bicycles is the 360° rotational pivot and expansion tubes
from the front and back tire centre ribs which are altogether used to perform traps.
7
1.3.8 Folding Bicycles:
The bikes are structured explicitly to drive. The bicycles are light can be
effectively collapsed into a minimal shape (size of a bag) that can be conveyed
effortlessly on open transports or prepares.
These sorts of street bicycles are exceptionally intended for the cleared streets.
These bicycles offer great solidness and a perfect for self-help long separation
riding.
Tandem bicycles are a pair bicycles will be bikes that are particularly made for
two individuals or riders to ride. Such kind of cycles are accessible in a wide
range of styles, from cruiser couples and half breed couples for the bicycle way or
footpath, rough terrain trail blazing bicycle couples, and elite street dashing
couples. Be that as it may, not all may be accessible in India.
These bikes put the rider in a laid-back leaning back position. This kind of cycles
let the rider disseminate its weight serenely over a bigger region, bolstered by
back and hindquarters.
8
In the event that you've seen the upstanding position of a conventional bike, the
body weight lays completely on a little bit of the sitting bones, the feet, and the
hands. However, on prostrate bicycles, it is disseminated over a bigger zone.
The hi-end bicycle portion is new to the Indian cycling industry. In a previous
couple of years, it has picked up a piece of the pie of 6 % of the 6 million standard
bicycles sold each year in India. Shiv Inder Singh, Managing Director of Firefox
Bikes stated, "Right now the market volumes around 350,000 top of the line
bicycles and by 2020 this figure would prone to contact the one million stamp.
Most of the top of the line bikes are foreign made and appropriated by well-known
global brands."
Premium bikes section is relied upon to get about 7% of the aggregate bike to
advertise in India by 2021. The information from residential cycle fabricates
demonstrate that in 2012-13 India created around 15.5 million bikes out of which
12 million bikes were sold.
The Global Bicycle Industry generates deals for over $45 billion in 2017 and is
anticipated, as indicated by analyst agreement, at 6-0% p.a. throughout the
following 5yr
9
In 2016 in the United States, it created $6 billion of income and in Europe, it
produced €14 billion in incomes.
In 2015, Hero Cycles, the world's biggest bike maker, cooperated with
International Indian Film Academy Awards (IIFA), for a reason and propelled its
'Cycling Heroes' crusade that advanced the utilization of cycling for good
wellbeing. In the Netherlands, Germany, and the UK, there are assigned cycling
paths, which whenever actualized in India, can facilitate its urban traffic
hardships.
India - Second biggest maker and Third biggest exporter on the planet
India was the fourth biggest maker of bikes after China, USAand Japan from 1978
to 1991. It outmanoeuvred USA and Japan in 1992 to wind up the second biggest
maker of bikes on the planet.
India delivers roughly 10% of the world yearly bike generation, which is assessed
at 125 Million units. Significant players in the local bike industry are Hero Cycles,
TI, Avon and Atlas with 40%, 22%, 17% and 10% of offer of volume
individually. Most cycles fabricated and sold in India are in the low value section
of Rs. 2,500 to 3000.
The market for the premium or the way of life bicycles focused towards the way
of life customer is just about developing. The meaning of top of the line bicycles
itself is evolving. Prior the top of the line bicycles was considered as those
moving between Rs. 5000 to 8000. Anyway now with worldwide brands moving
into the nation, this definition is likewise changing with value guides beginning
from Rs.15000 toward as high as a couple of lakhs!
Not exclusively are the value focuses changing however even meaning of the
portion is. Heretofore, cycles were short-sightedly sectioned into gentlemen,
women, children,and top of the line. In any case, presently the way of life bicycles
are being sectioned in accordance with the worldwide pattern that depends on
their use. There are Road bicycles, Mountain bicycles, Tourers, Hybrids, BMX' to
10
give some examples. For all intents and purposes, all the enormous names are
available in the nation like Giant, Trek, Merida, and Canondale and so forth.
The interest for these cycles at this stage is extremely restricted however is set to
develop at a frantic pace in future. While the mass-showcase portion is
encountering a drowsy development of between 4-6% every year the premium and
way of life section is developing at a CAGR of over 30%. The market measure for
the way of life cycles is assessed at not more than 0.25 million units yearly but
rather its solitary time that this section will frame an essential piece of the
business
India bike advertise comprises of household and additionally global players. India
has been seeing a moderate development since a decade ago in bike industry.
Rising discretionary cashflow, quick urbanization and monstrous development in
framework prompted increment in the vehicular populace in India which blocked
the development of bike showcase. Nonetheless, the market is presently indicating
positive development from most recent two years. Country shoppers are the key
end clients of bike as in rustic region bike is a standout amongst the most vital
methods of transportation for center and low salary gatherings. Key highlights of
bike, for example, condition well disposed and wellbeing neighborly are driving
the interest of bikes in urban India. At present, the pattern of premium bike is
rising in urban India and thus all the local players are trying endeavors to snatch
the space in this quickly developing portion.
11
1.7 Market Potential:
You have to decide the size and statistic qualities of your potential shoppers.
Imperative data to get incorporates the populace size of your objective market,
their item inclinations, and their middle yearly family salary. This will disclose to
you the number of potential clients and whether they can really bear the cost of
the item. You can survey your item's potential client base by investigating
optional information, or information that as of now exists, for example, statistic
information gathered by the United States Census Bureau on family
socioeconomics in each state. You may likewise choose to gather essential
information, which is information you gather explicitly to dissect the market
capability of an item. Run of the mill methods for gathering essential information
incorporates phone overviews utilizing an arbitrary example of families drawn
that you trust coordinate your objective market.
12
CHAPTER-2
COMPANY PROFILE
2.6 Competitors
13
COMPANY PROFILE
2.1 About JAIHIND CYCLE STORES:
JAIHIND CYCLE STORES is the top bicycle store in Adoni Town. Since 1997
JAHIND CYCLE’S have been active in the Bicycle industry, they sales multi-
brand bicycle as well as spare parts. JAIHIND CYCLE’S are having five
Company’s dealership with them like Hero Cycles, Avon Cycles, TI Cycles, Atlas
Cycles,and Milton Cycles. There are different models of bicycles available from
low cost to high cost, Customers are very likely to purchase bicycles from them
because of their quality materials as well as services.
In 1995 they entered in this business by selling the Rickshaw spare parts and also
they were owing 20 Rickshaws with them at that time, His father uses to give
those Rickshaws for rent by that he was getting paid from other persons. Then
they had purchased few bicycles from other dealers to expand their business from
Rickshaws to Bicycles, at that time there was a huge demand for bicycles in
Adoni Town. The owner of that shop wants to get dealership from any company
to enter in bicycles market that was the only opportunity to enhance his business,
he starts purchasing more bicycles from other dealers then he got the opportunity
to expand bicycles business by getting offers from Avon Cycles. He grabs that
opportunity which was very significant to enhance business and ordered full truck
approximately he had given an order of 300 to 400 quantity of bicycles from Avon
Cycles. By this information, other companies provided their company dealership
to JAIHIND CYCLE’S and their journey from 1997. Now they are leading sellers
in and around Adoni town.
Saint Cycles, which as of now directions and a lot of the mass market cycles in
India, has recently wheeled in a superior range.
Propelled on Monday in the Rs 10,000 – Rs 43,000 value go, the new premium
arrangement of 17 models highlights carbon fiber bicycles, for example, 'Red
Dot'. The arrangement is to later take the range up to Rs 3.5 lakh with
simultaneous model increments.
New outlets of the 260 merchants expected to retail the new premium range, Hero
Cycles will open 30 organization claimed outlets in 25 urban areas, aside from 30
establishments devoted to the brand. Furthermore, 200 out of the current 2,200
Hero Cycle merchants will likewise move the range crosswise over 35 urban
communities.
2.4.2 TI Cycles:
Known best for its lead bike brands – BSA, Hercules and Montra, TI Cycles has
for all intents and purposes made and idealized each new cycle classification in
the nation – the first MTB, the principal adapted bicycle, the first Shox
demonstrate, the main young ladies' bicycle, the primary children's bicycle, the
primary light roadster, the principal carbon outline bicycle and India' first cycling
bistro.
TI Cycles has plants at Chennai, Nasik and Noida; and significant distribution
centers at Guwahati, Durgapur, Patna and Cuttack and territorial workplaces,
through which it serves it across the nation 2500 or more merchant arrange.
15
2.4.3 Avon Cycles:
They began with a bike seats and brakes producing unit in 1948 and set off on a
long and exhausting adventure. Before long, it was the ideal opportunity for a
yearning take-off. To understand their appreciated dream, the business was fused
in 1951. To create bikes, the organization Avon Cycles appeared. A start was
made when the main clump, maybe 250 bikes, took off of the plant.
The quality was brilliant, the cost was sparing and the business dealings moral.
That earned the advertisers moment agreeableness. Holding such qualities dear,
the Pahwas constructed trust, step by determined step. The numbers continued
developing and in the pioneers' association, AVON along these lines stayed in the
best entertainer's position from that point forward. The advertisers' tolerating
confidence in human qualities and decency, similarly fabricated persevering
business bonds with a tremendous system of merchants in India and abroad. High-
class innovation, reliable quality and compelling after-deals benefit made an ideal
suggestion.
Throughout the years the business extended and it saw the introduction of more
organizations doing different segments expected to finish bike gathering. The
Group developed to claim offices making every such part.
The productive adventure of Atlas Cycles started in 1951 and from that point
forward the organization has set their foot in excess of 50 nations over the world.
Map book Cycles has three offices in Sahibabad, Sonepat,and Gwalior with a day
by day normal of delivering 15,000 units from the initial two assembling plants.
At first, Janki Das Kapur, who established the framework stone of Atlas cycles,
used to import save parts from universal markets. Afterward, he guaranteed
himself to convey quality bikes to his kinsmen at a sensible cost and thus, began
Atlas Cycles in Sonepat.
Map book Cycles has been getting a charge out of the respect of being the biggest
bike creator on the planet. Chartbook R&D fixate centers around assembling a
few models, for example, bikes, city bicycles, trailblazing bicycles, kids
bicycles,and sports bicycles. In the principal year of its tasks, Atlas produced
16
12,000 cycles. To take care of the popularity of steel tube, Atlas likewise set-up
steel tube office in Gurgaon.
The above all the companies manufactures different models in premium bicycles
such as Geared, Non-geared, Lightweight, Fancy, Stylist and so on.
2.5.1 Price:
2.5.2 Product:
When it comes to product JAIHIND CYCLES are the leading sellers of bicycles
and spare parts as well in and around Adoni town. Satisfying the customer is the
important thing for any business to grow their business in the future. JAIHIND
CYCLES are having the 2 to 3 godowns where they store all materials and
bicycles. Sometimes they face losses through damage materials and labor issues.
2.5.3 Promotion:
17
customers and also everyone in that town knows about their loyalty and
qualitative products.
2.5.4 Place:
Marketers saying that marketing is about putting the right product, at the right
price, at the right place. JAIHIND CYCLES sales their products from store and
godown as well, if a consumer wants to see more products apart from which are
available in store they bring that customer directly to godown which helps the
customer to select bicycles by looking many models in different brands. JAIHIND
CYCLES business highly grows on festive seasons such as Dussehra, Diwali,
Ramzan, Christmas, New Year and so on.
2.6 Competitors:
In Adoni, there are only 3 stores of bicycles so the competition is low for
JAIHIND CYCLES.
Legend Sprint Pro is another move by Hero Cycles to extend its quality in the
premium and semi-premium wellness classification of bicycles
The brand makes an intrigue to the adolescent, wellness lovers and outside game
fans who take up cycling as a recreation and experience movement.
Features :
Shimano EF-51
650B Wheel Size
Double Disc Brake
Front Suspension
21 speed
18
2.7.2 Hercules Roadeo:
Hercules Roadeo gone for young men and youngsters who display their aptitudes,
Hercules Roadeo is perfect for the striking and bold pioneer. Roadeo's scope of
bicycles flaunts trendy steel and composite creator outlines
with full suspension and globally acclaimed
Shimano gears.
Features:
21sp Shimano
EZ fire (EF-
51) shifters for
smooth riding.
Double-walled Alloy rims for traction. MTB27.5Tx2.1 progressive nylon
tire tread for smooth rolling.
6061 alloy frame providing superior ride quality.
Atlas cycles are a major player in the bicycle market, with over 60 years in the
industry. Started in a small shed in Sonepat, India, Atlas cycles are now a global
force with over 4 million Atlas bicycles produced each year.
Atlas Peak Big Boss 26inches 21speed mountain bicycle for adults. Aluminium
Frame & Front Fork.Disc Brake & Fat Tires,With Complete Shimano
Equpiments.
Features:
19
2.7.4 AVON Cycles:
Avon's Geared Bicycle Series offers bicycles that are imaginatively planned and
have authoritative specialized prevalence. These power bicycles are intended for
all
investigation
fans.
Experience
undoubted
control with
astounding
hold and
finish
balance.
Features:
Dual Suspension
Front and Back Disc Brake with Alloy Levers
6/18/21 Speed, Shimano Derailleur System
2.8.1 Strengths:
20
2.8.2 Weakness:
2.8.3 Opportunities:
2.8.4 Threats:
21
CHAPTER-3
RESEARCH DESIGN
3.1 Review of Literature
3.6 Sampling
22
RESEARCH DESIGN
3.1 Review of Literature:
Speaking to The Hindu on Wednesday during his visit to the textile town of
Pedana on the 327th day of his mission to cover 21,000 km across India on
bicycle, Mr. Ankit, 29, said: “Aiming at learning about the real India, I have
started the cycle expedition to cover 21,000 km in five months. At this
juncture, after covering 12 States, including Jammu & Kashmir, and six
Union Territories, my mission will have no deadline until I cover Nepal and
Bhutan.”
He said: “I do not have any plan how and when my India tour completes and
am prepared to deal with any uncertainty. The quality of life, happiness index
and eco-friendly agri-practices in Nepal and Bhutan are a few curious things
to extend my cycling trip to the neighbouring countries.”
Hailing from Jaipur in Rajasthan, Mr. Ankit was a freelance travel and
content writer. “At the end of the day of my expedition, the distance travelled
by bicycle may set a record (Guinness). On the other hand, I am documenting
the everyday life of people from different walks of life in Indian society. I am
planning to create an online ‘open learning source on India’ by documenting
my experiences, photographs, videos, people engaged in different missions,
rural life, arts and crafts and people associated with them”, added Mr. Ankit.
The Indian bicycle market is expected to grow significantly in the near future due
to increasing adoption of premium bicycles apart from standard ones, according to
the India Bicycle Market Outlook, 2021. The entry of foreign firms will be a
propellant. The major domestic companies like Hero Cycles, TI Cycles, Avon
23
Cycles, and Atlas are making efforts to grab the market through intelligent
innovations in this segment.
According to the bicycle makers lobby, only 90 out of 1,000 people in India own
bicycles, compared with 149 out of every 1,000 in China and 400 out of every
1,000 in the US. The Indian bicycle industry is also facing serious challenges in
terms of meeting the domestic demand and staying competitive globally. Though
being the second largest cycle manufacturing country, India accounts for a small
portion of the global bicycle sales’ market.
The report gives an idea on the pricing analysis of various products available in
the bicycle market such as roadsters, mountain cycle, lifestyle cycle, ladies cycle,
gents and kid's cycle. India bicycle market consists of domestic as well as
international players. India has been witnessing a slow growth since last decade in
bicycle industry. Rising disposable income, rapid urbanization and massive
growth in infrastructure led to increase in the vehicular population in India which
hindered the growth of bicycle market. However, the market is now showing
positive growth from last two years. Rural consumers are the key end users of
bicycle as in rural area bicycle is one of the most important modes of
transportation for middle and low income groups. Key features of bicycle such as
environment-friendly and health-friendly are driving the demand of bicycles in
urban India. At present, the trend of premium bicycle is emerging in urban India
and hence all the domestic players are making efforts to grab the space in this fast
growing segment.
24
According to "India Bicycle Market Outlook, 2021", bicycle market size crossed
INR 5000 crore mark in 2015. The market is now expected to grow at a healthy
rate in the forecast period due to increasing adoption of premium bicycles apart
from standard ones. Entry of foreign firms has become easier and thus many
international bicycle companies have existence in the Indian market. This has led
to immense competition between international and domestic players. The low
penetration of bicycle in India attracts various global firms through serving greater
opportunities for international players. The key domestic players such as Hero
Cycles, TI Cycles, Avon Cycles, and Atlas are making efforts to grab the market
through innovation and premiumization in bicycles. However, Indian bicycle
industry is also facing some serious challenges in terms of meeting the domestic
demand and staying competitive globally as domestic players are getting tough
competition from Chinese players. Though being a second largest cycle
manufacturing country, India has a very low penetration of bicycles as compared
to other countries.
Bicycle market in Adoni town is huge where a number of dealers are available
with different brand authorizations but the real issue with premium bicycles is that
only a few number of customers are interested in buying it. Hence I'm carrying out
this study to explore the potentiality of premium bicycle market, how the market
situation can be improved in and around Adoni.
25
3.4 Scope of the study:
The scope of the study is to understand and analyse the market potential of
Premium Bicycles in and around Adoni town. The data which a researcher
collected by customers of JAIHIND CYCLES and peoples of Adoni town through
questionnaires helps dealers to improve their service quality as well as to make
changes in an organisation which will effect negative in future.
26
3.6 Data Collection Methods:
The study is based on both primary and secondary data. For the present study, the
data has been collected in the following ways.
Primary data is collected through interviewing the respondents and taking their
responses through a questionnaire issued to them. The researcher can expect
straight answers to the questions. The respondents are informed about the
significance of the study and requested to give their fair opinions.
3.7 Sampling:
3.7.1 Sampling Size:
The sample size is 64
3.7.2 Sampling Area:
The survey has been conducted in and around Adoni town with respect to
bicycle dealers.
3.7.3 Sampling Technique:
Non-random sampling, where samples are not chosen randomly but on the
basis of convenience.
3.8 Plan of analysis:
The data will be analysed by the statistics data provided by the
responders in the questioner.
The data analysis will be represented in tabular form and various
graphical representations charts such as bar charts, pie charts,
diagrams.
27
CHAPTER-4
28
DATA ANALYSIS & INTERPRETATION
4.1 Did you ever own a Bicycle?
Table-1
YES 55 86
NO 6 9
MAY BE IN
3 5
FUTURE
TOTAL 64 100
Graph-1
RESPONDENTS
120
100
80
60
40
20
0
YES NO MAY BE IN FUTURE TOTAL
Interpretation:
The study shows that respondents are owing bicycle or not. Sso, it can be seen that
86% of peoples owing bicycles in Adoni, 9% of peoples have not own a bicycle
and 5% of peoles wants to purchase bicycle in future.
29
4.2 For what purpose are you intended to purchase the Bicycle?
Table-2
Style 8 13
Health 27 42
Transport 9 14
To promote
pollution free 20 31
environment
TOTAL 64 100
Graph-2
RESPONDENTS
120
100
80
60
40
20
0
Style Health Transport To promote TOTAL
pollution free
environment
Interpretation:
The above graph shows that for what purpose respondents intend to purchase the
bicycle so, it can be seen from above table that 13% of respondents purchase
bicycle for Style, 42 % for Health, 14 % for transport from one place to another
and 31 % of peoples to promote pollution free environment.
30
4.3 If you want to purchase a Premium Bicycle which brand will
you prefer?
Table-3
% OF NUMBER OF
RESPONSES NO OF RESPONSES
RESPONSES
Hercules Montra 20 31
Firefox 4 6
MACH CITY 2 3
Other 5 8
TOTAL 64 100
Graph-3
Respondents
120
100
80
60
40
20
0
HERO Sprint Hercules Firefox MACH CITY Other TOTAL
Pro Montra
Interpretation:
The above charts shows that 52% of peoples would like to purchase Hero Sprint
Pro bicycle, 31% of peoples go for Hercules Montra, 6% go for Firefox, 3% go for
MACH CITY and the rest of 8% of peoples like to purchase premium bicycles
apart from these companies.
31
4.4 What range of Premium product are you willing to buy?
Table-4
NO OF
RESPONSES % OF NUMBER OF RESPONSES
RESPONSES
7000-11999 43 67
12000-19999 13 21
20000-34999 4 6
Above 35000 4 6
TOTAL 64 100
Graph-4
RESPONDENTS
120
100
80
60
40
20
0
7000-11999 12000-19999 20000-34999 Above 35000 TOTAL
Interpretation:
The above table shows the willingness of customers to buy the Pemium Bicycle in
and around Adoni.So that 67% of peoples are willing to buy Premium Bicyle
between 7000 to 11999, 21% between 12000 to19999, 6% between 20000 to
34999 and the rest 6% of peoples are willing to buy Premium Bicycle above
35000.
32
4.5 Does having a Premium Bicycle in Adoni act as an opportunity
for status?
Table-5
% OF NUMBER OF
RESPONSES NO OF RESPONSES
RESPONSES
YES 33 52
NO 4 6
MAY BE 27 42
TOTAL 64 100
Graph-5
RESPONDENTS
120
100
80
60
40
20
0
YES NO MAY BE TOTAL
Interpretation:
The above chart shows the customer perception about Premium Bicycles. 52% of
peoples believes in having a Premium Bicylcle as an opportunity for status, 6% of
peoples are against this and rest of 42% were saying may be it acts as an
opportunity for status.
33
4.6 Which model a Premium Bicycle do you think is more
feasible?
Table-6
% OF NUMBER OF
RESPONSES NO OF RESPONSES
RESPONSES
Geared 23 36
Non Geared 7 11
Lightweight 18 28
Fancy 16 25
TOTAL 64 100
Graph-6
RESPONDENTS
120
100
80
60
40
20
0
Geared Non Geared LightWeight Fancy TOTAL
Interpretation:
The above table shows the interest of customers in different models of Premium
Bicyles. 36% of peoples would like to purchase geared model, 11% Non geared
Model, 28% Lightweight bicycles and rest of 25% customers go for fancy
bicycles.
34
4.7 How satisfied are you with the existing bicycle stores in and
around Adoni town?
Table-7
Delighted 18 28
Satisfied 26 41
Good 18 28
Average 2 3
Not Satisfied 0 0
TOTAL 64 100
Graph-7
RESPONDENTS
120
100
80
60
40
20
0
Delighted Satisfied Good Average Not Satisfied TOTAL
Interpretation:
The above charts reveals the satisfaction of customers on existing bicycle store in
and around Adoni.So that 28 % of customers are very satisfied with existing
stores, 41% are satisfied, 28% satisfaction level is good and rest of 3% customers
satisfaction is average with existing stores.
35
4.8 Do you think that using bicycles will result in a reduction of
environmental problems?
Table-8
% OF NUMBER
RESPONSES NO OF RESPONSES
OF RESPONSES
YES 52 81
NO 9 14
No idea 3 5
TOTAL 64 100
Graph-8
RESPONDENTS
120
100
80
60
40
20
0
YES NO No idea TOTAL
Interpretation:
The above chart shows that the peoples thought about using bicycles. 81% of
peoples aresaying riding bicycle will help to reduce pollution free environment
probles, 14% of peoples are saying it will not help to reduce of environmental
problems and the rest of 5% of peoples are not having any idea about this.
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4.9 From which channel did you get to know about Premium
Bicycles?
Table-9
% OF NUMBER
RESPONSES NO OF RESPONSES
OF RESPONSES
Word of mouth 14 22
Dealers 24 38
Internet 8 12
Newspapers 18 28
TOTAL 64 100
Graph-9
RESPONDENTS
120
100
80
60
40
20
0
Word of mouth Dealers Internet Newspapers TOTAL
Interpretation:
The above chart reveals about through which channel customers get to know
about Premium bicycle. So 22% of customers get to know through word of mouth,
38% of customers through dealers, 12% through Internet and rest of 28% of
customers get to know about Premium Bicycles through Newspapers.
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4.10 Will you be interested in buying spare parts from the same
store where you buy the bicycle?
Table-10
% OF NUMBER OF
RESPONSES NO OF RESPONSES
RESPONSES
YES 49 77
NO 1 1
MAY BE 14 22
TOTAL 64 100
Graph-10
RESPONDENTS
120
100
80
60
40
20
0
YES NO MAY BE TOTAL
Interpretation:
The above chart shows the customer intersest on buiying spare parts of bicycle
from the same store where they have purchased. So 77% of repondents reveals
that YES they will buy from same store, 1% of rspondents soes not want to buy
from same stores and the rest of 22% of respondents were saying that may be they
will buy.
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4.11 Are you satisfied with the service provided by bicycle dealers
in and around Adoni?
Table-11
NO OF % OF NUMBER OF
RESPONSES
RESPONSES RESPONSES
YES 60 94
NO 4 6
TOTAL 64 100
Graph-11
RESPONDENTS
120
100
80
60
40
20
0
YES NO TOTAL
Interpretation:
The above chart shows the customer satisfaction with the services provided by
bicycle dealers in and around Adoni. So, 94% of customers are satisfied with
services of local dealers which is huge number and the rest of 6% of customers are
not satisfied with the dealer services.
39
4.12 How does the idea of a multi-brand Premium Bicycle store
sound to you in Adoni?
Table-12
NO OF % OF NUMBER
RESPONSES
RESPONSES OF RESPONSES
Very Good 36 57
Good 25 39
Average 2 3
Bad 1 1
Very Bad 0 0
TOTAL 64 100
Graph-12
RESPONDENTS
120
100
80
60
40
20
0
Very Good Good Average Bad Very Bad TOTAL
Interpretation:
The above charts shows the opion of Adoni poeples about the idea of a multi-
brand bicyle store how sounds to them. So that the 57% of cutomers were saying
its is a very good idea, 39% of cuctomers opinions were good, 3% average
opinions, and 1% of customers given a negative opionion that it’s not a good idea
to start multi-brand store in Adoni
40
CHAPTER-5
41
5.1 Findings:
5.2 Suggesstions:
42
5.3 Conclusion:
By compiling this report I have come to a conclusion that Adoni area has great
potentially untapped market relating to Premium bicycles but necessary measures
shall be undertaken by the dealers to improve the Human Resourse neccesities for
well functioning of this section and educate the customers about the benefits of
possessing a Premium bicycle and then im sure the sales numbers will surely
shoot up in the near future.
43