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MARUTI
74
Table 3.5: Maruti cars serving better than other brand carsYes
62
62%No
...
Table 3.6: Factors affecting the choice of customer of carsFuel Efficiency
...
Table 3.7: Nearest competitor of MarutiHyundai
63%Honda
12 ...
63
Table 3.8: What is the rationale behind choosing the above choice?
Awareness
22
...
Table 3.9: Select the statements you consider true in case of Maruti
cars.Maruti cars are fuel efficient
...
Table 3.10: If opportunity arises in the future to buy a car, would you prefer
to buy a Maruticar?Yes
...
RESULTS AND FINDINGSThe chapter lists down the various results that came
up during the course of the study.This chapter th...
CONCLUSION AND SUMMARYAutomobiles have become the basic necessity
of life. With rising income levels, the standardof livin...
Scope for further study:More and more companies are coming up with new
models passenger car segment categoryand as stated ...
BIBLIOGRAPHYBOOKS AgteyGauri, Boom, Boom, Beamer, ET Auto Mania,
22 March 2007, pg 3 BatraSatish, Consumer Behavior,...
http://www.automobiledir.com/press/catalog/1102/index.htmlhttp://auto.india
mart.com/cars/car-statistics/sale.htmlhttp://au...
QUESTIONNAIRESurvey: Perception for Maruti cars This questionnaire is to
be filled by the respondents to know about their ...
5. Do you think Maruti cars are serving better than other brand cars? *
No6. If yes, what could be the edge poin...
Yes
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market and low cost manufacturing base for them.Indian Automobile sector is
high on growth trajectory. The Indian automotive industry hasflourished like
never before in the recent years. This extra-ordinary growth that the
Indianautomotive industry has witnessed is a result of a two major factors
namely, the improvementin the living standards of the middle class, and an
increase in their disposable incomes.Moreover, the liberalization steps, such
as, relaxation of the foreign exchange and equityregulations, reduction of
tariffs on imports, and refining the banking policies, initiated by
theGovernment of India, have played an equally important role in bringing
the IndianAutomotive industry to great heights. It is estimated that the sale
of passenger cars havetripled compared to their sale in the last five years.
Thus, the sale of cars has reached a figureof 1 million users and is expected
to increase further. Its also to be noted that the demand forluxurious models,
SUVs, and mini-cars for family owners, have shot up, largely due toincrease in
the consumers buying capacity.The increased demand for Indian automobiles
has resulted in a large number of multi-national auto companies, especially
from Japan, U. S. A., and Europe, entering the Indianmarket and working in
collaboration with the Indian firms. Also, the institutionalization ofautomobile
finance has further paved the way to sustain a long-term high growth for
theindustry.It seems that India has finally arrived in the big league of Asian
car markets. The country hasnow come to be recognized as a potential
emerging auto market. The perception of foreigninvestors has changed,
everybody wanting to be here.
7. An analysis of production data by the Society of Indian Automobile
Manufacturers (SIAM)revealed that the vehicle production by Automobile
Industry in India crossed 10 million in acalendar year for the first time in the
history of the automobile industry in India. For theperiod, January to
November 2006, the total production of vehicles in India, as per SIAMdata,
was 10,031,886.For the first time, in the financial year end in 2005, the total
sales of passenger vehicles -cars, utility vehicles and multi-utility vehicles crossed the one-million mark to touch 1.06million, with exports of 166,000
vehicles. Study says that by 2010 India will take overGermany in sales
volumes and Japan by 2012. And by 2050, Indians will buy every sixth
carproduced in the world.The vastness of Indian automobile industry reflects
from the fact that the industrys turnoveris USD 12 billion, plus components
revenue of USD 3 billion. Industry analysts predict thisindustry to touch USD
13000 million mark by 2010, a cumulative growth of 9.5% annually.1.5 Major
Passenger car Automobile Players in India MarutiSuzuki Hyundai Motors Tata
Motors Mahindra& MahindraWith a tough competition among different
players, all are trying to increase their marketshare in India; Maruti Suzuki is
leading the industry with 46.07% market share. Tata Motorshave a market
share of 16.45%. Hyundai Motors has been able to capture 14.15% of
themarket.Mahindra & Mahindra have a market share of around 6.5%.1.6
to say that people in India are upwardly mobile. They are movingup in the
social strata because of increasing income and nature of work. With theMaruti
carshaving being in the market for quite a long time, their performance on
the road providessufficient data for study. The results of the study would give
the companies who in futurewish to launch the passenger cars, an insight
about the preferences of the consumers and alsotheir expectations from the
Maruti Suzuki cars. This would help the companies to understandthe potential
of the market and target the right consumers.1.8 Objectives of the study are:
1) To determine the factors influencing the choice for a Maruti Suzuki cars. 2)
To know about consumers expectations from Maruti Suzuki cars. 3) To study
the satisfaction level of consumers of Maruti Suzuki cars. 4) To know about
the problems faced by the consumers of Maruti Suzuki cars.
10. RESEARCH METHODOLOGYThis chapter describes the research
methodology adopted to achieve the objectives of thestudy. It includes the
scope of the study, research design, collection of data, analysis of dataand
limitations of the study.2.1 Scope of the study The scope of the study is to get
the first hand knowledge about the buyingbehavior of consumers towards
Maruti Suzuki cars. The scope is restricted to study thefactors affecting the
preference of consumers while purchasing Maruti Suzuki cars in Indiaand
their satisfaction level taking into consideration the problems faced by them
with regardto the Maruti Suzuki cars. This is done to avoid perceptual bias
and for providing objectivityto the study.2.2 Research DesignThe present
study is exploratory and descriptive in nature as much secondary data was
notavailable and the characteristic features of Maruti Suzuki cars affecting
the buying behaviorare to be studied.2.3Data Collection The present study
incorporates the collection of both primary and secondary datafor an in depth
investigation.2.3.1 Primary Data For the purpose of collection of primary data,
a well structurede-questionnaire wasprovided to the respondents and they
were online interviewed to fulfill the objectives of thestudy.
11. 2.3.2 Secondary Data Secondary data was collected so as to have
accurate results and the required data wascollected from various magazines
like Auto India, newspapers like Indiatimes Auto, journalsand internet to
gather relevant information regarding the Maruti Suzuki cars.2.4 Sampling
Design2.4.1 Universe Universe is the infinite number of elements which the
researcher is targeting in the study. The universe for the study consists of all
the car owners.2.4.2 Population Population is the finite number of elements
which the researcher is going to target in a particular area. All the car owners
in India form the population of the study.2.4.3 Sampling Unit Sampling Unit is
the single unit of the population. A single individual who owns a car among
the individuals who will be surveyed form the sampling unit of the study.2.4.4
Extent Extent refers to the geographical area where there is a scope of
population. The extent of the study will be India.2.4.5 Time Time involved for
Maruti Suzuki has a wide variety of cars to choose. People are satisfied with
the price of Maruti cars, and are happy to spend the price to buy Maruti cars.
Majority of respondents think that Maruti cars serve better than other
brand cars. While purchasing a new car, fuel efficiency is the feature which
people think will affect their purchase decision. People conside Hyundai as
the biggest competitor of Maruti Suzuki cars. Respondents were aware of
the other brands quite well, and brand image is also a key point to affect the
purchase decision of the customers. Maruti Suzuki cars have a good fuel
efficiency, with competitively priced and wide variety and colour options.
Majority of the respondents are happy to buy a Maruti car in the future.
23. CONCLUSION AND SUMMARYAutomobiles have become the basic
necessity of life. With rising income levels, the standardof living of people has
been increasing. There are a lot of consumers who are buying cars andthere
is more and more diversion towards buying behavior in cars as they are
competitivelypriced and there is a lot of variety in terms of brands, models,
colors etc.With the rapid increase in car brands, consumers really have to
think hard while making achoice or deciding for the Maruti Suzuki car to be
purchased. Due to increased competition,more and more work is to be done
by the marketing department so as to understand thepurchase behavior of
the consumers. Therefore this study would help the companies
inunderstanding the factors that influence the purchase decision of the
consumers and theirexpectations from the passenger cars.After the survey, it
can be concluded that Maruti Suzuki cars have a very good future inIndia.
Market share of Maruti Suzuki cars is increasing very rapidly. Brands like
Hyundai,Honda, and Tata are the most preferred cars.Also it can be concluded
that majority of the respondents are satisfied with the Maruti Suzukicars.
SUGGESTIONSTo improve the working and performance of the Maruti
Suzukicars, some of the suggestionsare given below: To increase the sales
of Maruti cars, it is must focus on its fuel efficiency, looks and interiors of the
car To position Maruti Suzuki cars, Maruti must differentate it from Hyundai,
which people consider it to be its nearest competitor.
24. Scope for further study:More and more companies are coming up with
new models passenger car segment categoryand as stated before there is a
huge potential market in India, thereby making this segment acompetitive
one. To survive in such an environment, all automobile companies will have
toundertake bold efforts towards designing their cars in such a way so as to
meet therequirements and expectations of the consumers. It therefore calls
for a continuous researchin this field as consumer preferences keep changing
with time and so does their buyingbehavior. Hence it provides basis of a
scope for further research.
25. BIBLIOGRAPHYBOOKS AgteyGauri, Boom, Boom, Beamer, ET Auto
Mania, 22 March 2007, pg 3 BatraSatish, Consumer Behavior, 2004, Published
by Anurag Jain for Excel Books, New Delhi, Edition I, pg 6-9. Beri G.C,
Marketing Research, 1999, Tata McGraw Hill Publishing Co. Ltd., New Delhi,
Edition II, pg 45-48, 81-150, 236-250. Bureau, Chevrolet Aveo vs. Maruti
Suzuki Swift, Auto India, February 2007, pg 16-22 Gates Roger et al,
Marketing Research Essentials, 2001, South Western College Publications,
Ohio, Edition III, pg 28-35, 328- 342. Gupta Nandini et al, Where Theres A
Wheel, Theres A Way, ET Auto Mania, 8 March 2007, pg 1 Solomon Michael,
Consumer Behavior, 2002, Published by Pearson Education (Singapore) Pte.
Ltd, Indian Branch, New Delhi, India, Edition V, pg 5-7. Sobel R, The Car
Wars, ET Auto Mania, 15 February2007, pg 2 VermaMeenakshi, Compact
Concerns, ET Auto Mania, 8 March 2007, pg 1WEBSITES
http://www.surfindia.com/automobile/automobile-industry.html
http://www.researchconnect.com/buyreport/report_8080.asp
www.mindbranch.com/Indian-Automobile-R459-106
www.researchconnect.com/buyreport/report_8080.asp
http://education.yahoo.com/reference/encyclopedia/entry?id=3454
26.
http://www.automobiledir.com/press/catalog/1102/index.htmlhttp://auto.india
mart.com/cars/car-statistics/sale.htmlhttp://auto.indiamart.com/cars/carstatistics/production.htmlhttp://economictimes.indiatimes.com/News/News_B
y_Industry/Auto/Ford_vrooms_on_fast_lane_with_Fiesta/articleshow/1744181.c
mshttp://idbipb.in/content/rep/Maruti%20Udyog%20-%20Company
%20Report.pdf
27. QUESTIONNAIRESurvey: Perception for Maruti cars This questionnaire is to
be filled by the respondents to know about their perception for Maruti cars. *
Required 1. Which car brand(s) do you own? * Maruti Suzuki Hyundai Honda
Tata Ford Mahindra Nissan Other: 2. Which other car brand(s) have you ever
driven? * Maruti Suzuki Hyundai Honda Tata Ford Mahindra Nissan Other: 3.
Do you think Maruti has a wide variety of cars? * Yes No 4. Do you think
Maruti cars are worth their price? * Yes No
28. 5. Do you think Maruti cars are serving better than other brand cars? *
Yes No6. If yes, what could be the edge point? If no, what could be the likely
reason? * Fuel Efficiency Interiors Looks After Sales Service Resale Value
Other:7. Which could be the nearest competitor of Maruti? * Hyundai Honda
Tata Ford Mahindra Nissan Other:8. What is the rationale behind choosing the
above choice? * Awareness Experience Recommendations Performance Brand
Image Other:
29. 9. Select the statements you consider true in case of Maruti cars. * Maruti
cars are fuel efficient Maruti cars are competitively priced Maruti cars provide
good comfort level Maruti cars have good resale value Maruti car offer more
variety of car models, colours, etc. Other:10. If opportunity arises in the
future to buy a car, would you prefer to buy a Maruticar? * Yes No11. Your
suggestions regarding Maruti cars. (If any)Personal DetailsNameGender Male
FemaleAge 18-30 30-40 40-50 50-60 Above 60
30. State / RegionProfession Business Service ProfessionalIncome Level Rs.
10,000 - Rs. 20,000 p.m. Rs. 20,001 - Rs. 30,000 p.m. Rs. 30,001 - Rs. 40,000
p.m. Rs. 40,001 - Rs. 50,000 p.m. Above Rs. 50,000THANK YOU Submit
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