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PROJECT REPORT
ON
Maruti Suzuki
BY
VIVEK PANWAR
2010-2012
ACKNOWLEDGEMENT
The selection of this project was in the mind based on the study of
various publications but it gained this shape by the proper and timely
guidance of our teacher and colleagues.
Date VIVEK
PANWAR
Page |2
EXECUTIVE SUMMARY
Maruti Suzuki is market leader in multi utility vehicles in the India from 2003. The total
sales numbers in 2009-10 market a growth of 29 per cent over last financial year. Maruti
Suzuki's total sale in 2009-10 was 792,167units.
During March 2010, Maruti Suzuki sold total of 95,123 units, growing 11 percent over
March 2009 (85,669 units). The March 2010 numbers include domestic sales of 79,530
units and the highest ever monthly exports of 15,593 units. The previous highest monthly
exports were in August 2009 at 14,847 units .Maruti Suzuki is now expanding its
production capacity to reach 12, 50,000 units (1.25 million) by 2012. In March 2010, the
company announced an investment of Rs 1,700 Crore for expansion of the production
facilities by 2.5 lakh units at its Manesar plant.
The research was conducted through collection of the primary and secondary data.
Secondary data was collected through visiting various web sites, automobile magazines and
other reliable sources. Primary data was collected through a well framed questionnaire,
from which a detailed analysis was done using various statistical I.T. tools.
Hyundai Getz is the major competitor of the Maruti Swift. Because 22% to 26% customers
have changed their decision from GETZ to SWIF. 22 to 26% customers wanted to buy Getz
but after launching the Swift they changed their decision.
Maruti Suzuki automotive has to increase its market share in the A2 segment car and in the
defense purpose and also in MPVs.
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INTRODUCTION
Maruti Suzuki India Limited is a publicly listed automaker in INDIA. It is a leading four-
wheeler automaker manufacturer in south Asia. Suzuki Motor Corporation of Japan holds a
majority stake in the company. It was the first company in India to mass-produce and sell
more than a million cars. It is largely credited for having brought in an automobile
revolution to India.
It is the market leader in India and on 17 September 2007, Maruti Udyog was renamed
Maruti Suzuki India Limited. The company headquarter is in Gurgoan, Haryana. Maruti
Suzuki is one of India's leading automobile manufacturers and the market leader in the car
segment, both in terms of volume of vehicles sold and revenue earned.
Maruti Udyog Limited (MUL) was established in February 1981, though the actual
production commenced in 1983 with the Maruti 800, based on the SUZUKI Alto kei car,
which at the time was the only modern car available in India, it’s only competitors- the
Hindustan Ambassador and premier Padmini were both around 25 years out of date at that
point Through 2004, Maruti has produced over 5 Million vehicles. Maruti are sold in India
and various several other countries, depending upon export orders.
Maruti 800, till 2004, was the India's largest selling compact car ever since it was launched
in 1983. More than a million units of this car have been sold worldwide so far. Due to the
large number of Maruti 800s sold in the Indian market, the term "Maruti" is commonly used
to refer to this compact car model. Till recently the term "Maruti", in popular Indian culture,
was associated to the Maruti 800 model. Maruti Suzuki was born as a government
company, with Suzuki as a minor partner to make a people's car for middle class India.
Page |4
Over the years, the product range has widened, ownership has changed hands and the
customer has evolved.
HISTORY OF AUTOMOBILES
In 1953, the government of India and the Indian private sector initiated manufacturing
processes to help develop the automobile industry, which had emerged by the 1940s in a
nascent form. Between 1970 to the economic liberalization of 1991, the automobile industry
continued to grow at a slow pace due to the many government restrictions.
· 1897 First Person to own a car in India - Mr. Foster of M/s Crompton Greaves
Company, Mumbai
The industry provided employment to a total of 13.1 million people as of 2006- 07, which
includes direct and indirect employment. The export sector grew at a rate of 30% per year
during
early 21st century. However, the overall contribution of automobile industry in India to the
world remains low as of 2007.
Increased presence of multiple automobile manufacturers has led to market competitiveness
and availability of options at competitive costs. India was one of the largest manufacturers
of tractors in the world in 2005-06, when it produced 2,93,000/- units. India is also largely
self-sufficient in tyres production, which it also exports to over 60 other countries. India
produced 72 million tyres in 2010. Fig. showing the
OVERVIEW
India’s car market has emerged as one of the fastest growing in the world. The number of
cars sold domestically is projected to double by 2010, and domestic production is
Page |7
skyrocketing as foreign makers are setting up their own production plants in India. The
government’s 10-year plan aims to create a $145 billion auto industry by 2016.
According to McKinsey, the auto sector’s drive to lower costs will push outsourcing. The
auto sector could be worth $375 billion by 2015, up from $65 billion in 2002. McKinsey
thinks India
could capture $25 billion of this amount. Out of 400 Indian suppliers, 80 percent have the
ISO 9000 certificate—the international standard for quality management.
The production of automobiles in India is largely aimed at local consumers. Several
Indian
Manufacturers also export a diverse variety of auto components. Tiku (2008) predicts
a sale of 4.2 million four wheeler automobiles in India by 2015. Indian passenger
vehicle exports are also expected to rise from 170,000 in 2006 to 500,000 in 2010.
Indian automobile companies.
Car market leader Maruti Suzuki India Limited sold a total of 10, 18,365 vehicles in 2009-10. This is the
first time in Indian automobile history that a car company has sold over a million units in a financial year.
This included 8, 70,790 units sold in the domestic market, the highest ever by the company in a fiscal. The
export sales of 1, 47,575 units in the year were the highest ever annual exports by the company.
The total sales numbers in 2009-10 mark a growth of 29 per cent over last financial year. Maruti Suzuki's
total sale in 2008-09 was 792,167units.
The export numbers in the year were led by A-star. This fuel efficient compact car clocked over 1.27 lakh
export sales in the fiscal. A-star was exported across Europe including United Kingdom, France, Germany,
Italy, Netherlands etc. The major non-European export markets are Algeria, Chile, Indonesia and
Page |8
neighboring countries. South Africa, Hong Kong, Australia and Norway were new markets where Maruti
Suzuki cars were exported during the year.
Maruti Suzuki is now expanding its production capacity to reach 12, 50,000 units (1.25 million) by 2012. In
March 2010, the company announced an investment of Rs 1,700 Crore for expansion of the production
facilities by 2.5 lakh units at its Manesar plant.
A spate of new launches and product refreshments during 2009-10 helped the company to clock sterling
performance in the fiscal. These included Maruti Suzuki Ritz (May 2009), all-new Grand Vitara (July'09),
new Estilo with K-series engine (Aug'09), new SX4 with VVT engine and SX4 with automatic transmission
(Oct'09) and Eeco (January 2010).
AWARDS
Indian award
Number one premium compact car in - JD POWER INDIA APEAL STUDY 2007
International Awards
Japan:
• Samper it Irish Car of the Year 2006 - Irish Motoring Writers Association
New Zealand:
• National Business Review Small Car of the Year - The National Business Review
Australia:
United Kingdom:
• NST MasterCard Car of the Year 2005 "Small Car" - New Strait Times
China:
• 2005 Chengdu Market Car Ranking "Best Design" - Chengdu Economic Daily
P a g e | 10
COMPANY PROFILE
Maruti Suzuki India limited, a subsidiary of SMC, Japan, is the leader in passenger cars and
multipurpose vehicle (MPVs) in India, accounting for almost 55% of the total industry
sales.
The company formerly known as Maruti Udyog limited was incorporated as a joint
venture (JV) between government of India and SMC, Japan on 24th February, 1981.The first
car was rolled out from its Gurgaon facility on 14 Dec 1983.Since then; it has sustained its
leadership position in the Indian car market.
We, at Maruti Suzuki, celebrated 26 years of car manufacturing in India 2009-10. Having
achieved manufacturing excellence in India, we are now in the process of enhancing our
R&D capabilities to design and develop cars.
In 2009-10, the company sold 722,144 cars in the domestic market and exported 70,023
cars .Cumulatively, it has produced and sold over seven million cars .The total income of
the company for 2009-10 stood at Rs. 214,538 million (USD4.46 billion@ 1USD=Rs.48).
We now aim at selling 750,000 units in the domestic market and exporting 130,000 units in
2009-10.
Maruti Suzuki has a strong balance sheet with Reserves and Surplus of Rs.92, 004 million
& debt equity ratio of 0.07 as on 31st March, 2010.
AREA OFFICES----------------------09
ZONAL OFFICES------------------04
EXPORTS
Maruti Suzuki exported the first lot of 500 car to Hungary in September, 1987.Presently,
we are exporting to over 100 markets in Europe, Asia, Latin America, Africa and
Oceania.In2008-09, the company launched a new model A-Star that meets stringent
European safety and emission regulation. The company has exported over 500,000 cars so
far. In a first of its kind initiative, the company, in partnership with Indian Railways, has
developed double Decker rail wagons for transporting export cars Mundra.
STRENGHS
COMPANY PRODUCT
The company offers a portfolio of 13 brands, ranging from the people’s car Maruti 800 to
the stylish hatch – back, Swift, SX4 sedan and luxury sport utility vehicle (SUV), Grand
Vitara. More than half the cars sold in India wear a Maruti Suzuki badge. As per the
classification by the society of Indian Automobile manufacturers (SIAM), Maruti Suzuki
models are categorized under the following heads:
A2 Segment (3400 mm to 4000 mm): Alto, Estilo, WagonR, A-star, Ritz, Swift
(1)Maruti 800 -change your life: - Maruti 800 has gone beyond just being a car
(3)Dzire-The heart car: - A car that has everything you ever desired; striking looks, l
(4) SX4- Men are back:- Revolutionary European design ,world class “drive by wire”
(6) VERSA –The joy of travelling together:- Experience the joy of travelling together.
Equipped with twin –ACs, large sliding doors and flexible seating,
the Versa encourages family and friend to enjoy long drives and getaways together. In spite
of being so spacious, its design allows for easy maneuverability in the city.
P a g e | 15
(7) SWIFT –You are the fuel: A new kind of computer car ,one that’s based on a fresh
Omni is truly India’s original MPA .Today it as available in five variants-5 seater, 8 seater,
(9) WAGONR-For the smarter race:- Drive with complete peace of mind .The world class
(11)ESTILO*-Take a fresh view of life:- The all new ESTILO is a new landmark in terms
(12) A-STAR- Stop @ Nothing:- Designed to perfection ,driven only to succeed ,A-Star
has taken over the world. Made in India to meet European standards, the car symbolizes the
P a g e | 17
(13) RITZ*-live the moment:- The Ritz combines modern European design, the sportiness
A1------- 800
Table shows that the Maruti Suzuki has larger number of variety in the segment A&B
so the sales must be good in these segments. But it is lacking behind its competitors in
segment C, D & E
1 MT 1749373
ZXI MT 819964
P a g e | 19
ZXI 852542
ZDI 701497
VDI 616336
LXI 478426
ZXI 625207
VXI 530429
LXI 422544
ZXI 539147
LDI 492643
VDI 548773
5 WAGON R LX 338670
LXI 363399
LX Duo 350286
VXI 387197
5 Seater 244002
VXI 413577
LX 331162
5 STR 282028
ZXI 424185
VXI 386894
VDI 537236
LXI 404557
ZXI 500723
VXI 436478
LXI 280648
LX 263036
COPMPETITOR OF MARUTI
‘Even if the Swift had no engine, people would buy it — and that’s because of its
outrageous concept-car looks.’
‘The Getz scores highly on practicality: it is spacious, comfortable, has a good boot and
many user-friendly touches.’
HYUNDAI GETZ
List price (ex-showroom) Rs 4.74-5.36 lakh
Top speed 144kph
0-60kph 5.61sec
0-100kph 14.47sec
Kpl 12.45(overall)
For Space and practicality
Against Interior quality
Pioneers always have it tough: people called Columbus mad, called Darwin a
heretic, called Hyundai forgetful for leaving out the boot on the
Getz. Hyundai has been pulling its hair out trying to get people to notice a
car good enough to be our Car of the Year 2005 — and hasn't had that much
success, primarily because it was the first of a kind, the Rs 5.0 lakh car
without a boot.
Hyundai’s tried extolling the car's virtues: its neither-too-big-nor-too-small
size, its space and practicality, its refinement and sophistication, but sales
remained lukewarm. Then, along came Maruti with the jazzy little Swift, and
got 21,000 bookings within a week. And then it hiked the price.
P a g e | 22
To know the perception towards the Brands about the sales, services, offers
to buy Maruti Suzuki products.
RESEARCH METHODOLOGY
Two broad research methodologies can be used to answer any research question. They are –
experimental research or Non experimental research. In experiment research, there is
control over the extraneous variable and manipulation of at least one variable investigation.
In Non experimental research , there is no intervention beyond that needed for the purpose
of measurement .
• Establishing the facts that are available at present and the additional facts required.
The data required from this study is collected from primary and secondary sources;
Through Advertisement 12 24
Dealer 18 36
Showroom 10 20
Durability 10 20
Total 50 100
P a g e | 24
Analysis:
Above diagram shows the highest value of dealer. Where a dealer provides different
warranties, services, convenience, availability and other facilities to the consumers
whatever he wants. So dealer is important mediator for delivering the goods and
services to the consumers. Here, dealer’s percentage is greater than to others i.e. 36%.
i 20 13 26
i 10 9 18
Ritz 11 22
Getz 11 22
Indica 6 12
Total 50 100
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Analysis:
Here we found that 26% is the highest value so its indicate that i20 is the best competitors
of the MARUTI ,after that Getz and Ritz are good competitors of Swift. Now Indica has
come in market with diffirent features and luxurious model so it is also a good competitor
of Maruti . In this chart i10 got the 18 % so it indicate the i10 is also competitor of Swift.
3. From the consumer point of view, Price maintain by the Maruti Suzuki
in the future :
Yes 19 38
No 15 30
Can’t say 16 32
Total 50 100
P a g e | 26
Analysis:-
Here we can see in chart that is 38% customers opinions that company will be able to
maintan the price in the future but 32% customers opinion that no, company will be
increase the price of swift because it is necessary for maintenance the cost of company .
Other 30% customers are unable to say anythings they are depend on the company
decision.
1-3 Years 18 36
3-5 Years 11 22
5-10 Years 15 30
Total 50 100
P a g e | 27
Analysis:-
Here we found that most of the customers are changing their car between 1-3 year. Because
changing any product is depend upon the money as well as time factor. Hence we can say
that consumers can not chang their car less than 1-3 years.
FINDINGS
Basing on the data gathered from the customers , which was analyzed ,
the following observations are made.
Here majority of the customers will be buy pre-owned car by the dealers due to they
want to true value of the car.
Majority of the customers preffering the i20 and Getz as the good competitors of the
Swift.
P a g e | 28
Mostely customers hope that maruti will be not hike the price in the future, it will be
able to maintain the price of the swift . Some of the customers has hope that when
cost of raw material will hike then price will also hike .
SUGGESTIONS
After analyzing the findings ,the following suggestions have been prepared
.Great care has been taken in the making these suggestions for improvement of
the customer satisfaction :
Introduce low instalment and low down payment schemes to attract more
people .
Inspect the servicing centrs continuosly so that they try to follow rule and
regulations strictly ,and will serve the car on time .
Try to maintain reasonable price of the CARS, as this is the key factor for
customers satisfaction towards MARUTI.
All the cars of Maruti Suzuki Must be available in the each and every
showroom.
Company must try to tap the rural area with the help of print media and
hoarding .
CONCLUSION
P a g e | 29
After analyzing the interpretation and finding the following conclusion were
made: -
After interacting with the customers, I found that ,customers are emotionally
attached with Maruti Suzuki Brand .
Maruti Suzuki is giving very tough competition to its competitors like Tata Motor,
Hyundai Motor etc.
Maruti suzuki is providing the cutomer satisfaction not only selling the cars, and it
want to beat their competitors .
The company is the known to providing the good service and quality.
BIBLIOGRAPHY
P a g e | 30
BO AUTHOR
OKS
MARKETING MANAGEMENT PHILLIP KOTLER, KOSHI & JHA
PRINCIPAL OF MARKETING PHILLIP KOTLER & AMSTRONG
RESEARCH METHODOLOGY C.R.KOTHARI
WEBSITES:
http://www.marutisuzuki.com
http://www.marutiswift.com
http://www.marutidealer.com
http://www.marutiindia.com
PRINT MEDIA:
THE HINDU
BUSINESS STANDARD