Professional Documents
Culture Documents
HONDA WORLDWIDE
1
COMPANY BACKGROUND
Company founder Soichiro Honda, after working at Art Shokai, developed his
own design for piston rings in 1938. He attempted to sell them to Toyota and
after two years of work he won a contract with Toyota. He constructed a
new facility to supply Toyota, but soon after, during World War II, the
Honda piston manufacturing facilities were almost completely destroyed.
Soichiro Honda created a new company with what he had left. The Japanese
market was decimated by World War II; his country was starved of money
and fuel, but was still in need of basic transportation. Honda, utilizing his
manufacturing facilities, attached an engine to a bicycle which created a
cheap and efficient method of transport. He gave his company the name
Honda Giken Kōgyō Kabushiki Kaisha which translates to Honda Research
Institute Company Ltd. Despite its grandiose name, the first facility bearing
that name was a simple wooden shack where Mr. Honda and his associates
would fit the engines to bicycles. The official Japanese name for Honda
Motor Company Ltd. remains the same in honor of Soichiro Honda's efforts.
On 24 September 1948 the Honda Motor Co. was officially founded in Japan.
2
Honda Super Cub C50
In 1958, the American Honda Company was founded and one year later,
Honda introduced its first model in the United States, the 1959 Honda C100
Super Cub. The Honda Cub holds the title of being the best-selling vehicle in
history, with around 50 million units sold around the world.
Honda began developing prototypes for road cars in the early 1960s, mostly
intended for the Japanese market. The first production vehicle by Honda
was the 1963 T360, a tiny pickup truck featuring 4 different body styles
(including a traditional truck bed and a panel van) and a 360cc, 30hp engine.
This was followed two months later by Honda's first production automobile,
the S500. The S500 was a 2 door roadster featuring a 492cc engine capable
of 44 hp with a high 9,500 RPM redline. It was fitted to a 4-speed
transmission with the rear wheels being chain driven. Mr. Honda took his
extensive knowledge of motorcycles and applied it to making his car, of
which the chain drive and high redline are evidence.
At the time, nearly all of the Japanese automakers were associated with the
former zaibatsu, or keiretsu — Japanese business conglomerates. These
large companies had close ties with the government who urged them to
absorb smaller carmakers into large brands that could be marketed
internationally. Since the government had extensive control over the
industry, it was unheard of for a small, independent company to mass
produce vehicles, thus making Honda's success historic in the Japanese
economy.
Though participating in international motorsport (see Racing), Honda was
having difficulty selling its automobiles in the United States. Built for
Japanese buyers, Honda's small cars had failed to gain the interest of
American buyers. Honda's first automobile imported to the United States
was the N600, sold in Hawaii in 1969. In 1970, the car was imported to
California and beyond, but its tiny 600 cc engine and minuscule dimensions
made it very unpopular with the American public.
3
Honda Civic
Honda finally established a foothold in the American market in 1972 with
the introduction of the Civic — larger than their previous models, but still
small compared to the typical American car—just as the 1973 energy crisis
was impacting worldwide economies. New emissions laws in the US requiring
American car makers to add expensive smog pumps and catalytic converters
to engines increased car prices. However, Honda introduced an innovative
variation on the stratified charge engine, the CVCC (Compound Vortex-
Controlled Combustion) in the 1975 Civic, this allowed the Civic to meet
emission standards without a smog pump or a catalytic converter. Due to its
more complete combustion it also obtained the lowest fuel consumption
rating of any vehicle available on the American market for four years during
its production.[4] American companies were slow to begin producing small, fuel
efficient cars, which gave the Honda Civic a chance to sell well, as well as
prove Honda's reputation for reliability and further expand its customer
loyalty.
Honda Accord
Honda began building motorcycles in Marysville, Ohio in 1978 and then made
history in 1982, when Honda was the first foreign auto manufacturer to
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build car plants in the US. The first car made in the US was the Accord.
They now have five plants located in Ohio: two in Marysville (the Marysville
Auto Plant and the Marysville Motorcycle Plant), one in East Liberty, Ohio, a
Honda Transmission plant Russells Point, Ohio and an engine plant in Anna,
Ohio. They also have plants in Lincoln, Alabama (Honda Manufacturing of
Alabama) and Timmonsville, South Carolina and have recently (2006) opened
a new plant in Tallapoosa, Georgia. Honda also has an extensive aftermarket
parts operation located in Marysville, Ohio, and a research and development
facility in Raymond, Ohio. Honda's North American and U.S. headquarters
are located in Torrance, California. Honda's Canadian and many US-market
Civics have been manufactured in their plant in Alliston, Ontario since 1986.
On 27 June, 2006, Honda announced that another vehicle assembly facility
will be opening in North America, this time in Greensburg, Indiana. Its
completion is expected in 2008.
Honda was the first Japanese automaker to introduce a separate luxury line
of vehicles. Created in 1986 and known as Acura, the line is made up of
modified versions of Honda vehicles usually with more power and sportiness
than their Honda counterparts. The very first model was the Acura Legend,
with a 2.5 liter engine producing 151 horsepower. European luxury-car
manufacturers initially scoffed at the thought of a luxury company from
Japan, with criticism coming mostly from Mercedes-Benz.
1987 was an important year for new safety and technology at Honda. The
1987 Honda Prelude was the first passenger vehicle in the world equipped
with four-wheel steering (4WS) technology. This also marked the year for
the first Japanese car equipped with an SRS airbag, the Honda (Acura)
Legend.
In 1989 Honda launched their VTEC variable valve timing system in its
production car engines, which gave improved efficiency and performance
across a broader range of engine speeds. One of the first of its kind in
passenger vehicles. It operates on the premise of using different camshaft
profiles (including duration, enganging a third rocker arm) depending on a
number of sensors: throttle position, water/oil temperature, RPM. Low-load
driving would result in VTEC not being engaged, the camshaft using an
efficient-for-low-speed profile. When all sensors permit, the ECU engages
the third lobe is engaged, using a different rocker arm, effectively changing
the camshaft profile for an efficient-for-high-rpm profile.
5
In 1999 Honda began selling the Insight which was the first hybrid vehicle
on the market. Power is derived from a combination of a 1.0L 3-cylinder
gasoline engine, and a large NiMH battery pack providing power-assist during
acceleration. This computer-controlled combination provided acceptable
performance with exceptionally low fuel consumption and emissions. Honda's
hybrid power train is now an available option for the Civic and Accord.
For the 2007 model year, Honda plans to improve the safety of its vehicles
by providing front-seat mounted side airbags, side-curtain airbags, and anti-
lock brakes as standard equipment in all automobiles available in North
America (except the Insight and S2000, which will not have side-curtain
airbags). By 2008, Honda plans to have standard traction with vehicle
stability control with rollover sensors in all light trucks, which include the
CR-V, Odyssey, Pilot, and Acura MDX. Honda also plans to make its vehicles
safer for pedestrians, with more safely-designed hoods, hinges, frame
constructs, and breakaway wiper pivots.
6
COMPANY PROFILE
Honda Motor Company, Japan with its headquarters in Tokyo, has
manufacturing operations in 32 countries with 109 production bases. It has 3
business divisions namely 2-wheelers, 4-wheelers and Power Products. Apart
from HMSI that manufactures 2-wheelers, the other business divisions in
India include Honda Siel Cars India Limited (HSCI) and Honda Siel Power
Limited(HSPL).
Honda Siel Cars India Ltd., (HSCI) was incorporated in December, 1995 as a
joint venture between Honda Motor Co. Ltd., Japan and Siel Limited to
manufacture HONDA Passenger Cars in India. The company is ISO 9002 &
ISO 14001 certified.
7
Honda Siel Power Limited (HSPL)
Honda Siel Power Ltd (HSPL) is a Joint venture between Honda Motor Co.,
Japan and Siel Ltd.India. Currently Honda Motor Company, Japan has a 67%
Equity Stake in this company. It was incorporated in September 1985 and
produces a range of Power Products in India, like Portable Gensets, Portable
Engines, Portable Water Pumping set and Lawnmowers.
8
MANAGEMENT
DETAILS OF DIRECTORS
Chairman and
Satoshi Aoki
Representative Director
President and
Takeo Fukui
Representative Director
Executive Vice President
Chief Operating Officer for Regional Sales Operations (Japan)
and Koichi Kondo
Chairman and Director of American Honda Motor Co., Inc.
Representative Director
Senior Managing and Chief Operating Officer for Motorcycle Operations
Minoru Harada
Representative Director Purchasing Operations Support
Senior Managing and Chief Operating Officer for Regional Operations (China)
Atsuyoshi Hyogo
Representative Director President of Honda Motor (China) Investment Corporation, Ltd.
Managing Director Toru Onda Chief Operating Officer for Purchasing Operations
Managing Director Akira Takano Chief Operating Officer for Customer Service Operations
Chief Operating Officer for Regional Operations (Europe, the
Managing Director Shigeru Takagi Middle & Near East and Africa)
President and Director of Honda Motor Europe Ltd.
Chief Operating Officer for Regional Operations (North
America)
Managing Director Tetsuo Iwamura
President and Director of Honda North America, Inc.
President and Director of American Honda Motor Co., Inc.
Chief Operating Officer for Regional Operations (Asia &
Managing Director Tatsuhiro Oyama Oceania)
President and Director of Asian Honda Motor Co., Ltd.
Managing Director Fumihiko Ike Chief Operating Officer for Business Management Operations
Advisor of the Board of The Bank of Tokyo-Mitsubishi UFJ,
Director Satoru Kishi
Ltd.
Director Kensaku Hogen
9
Honda Motorcycle & Scooter India Pvt. Ltd.
(HMSI)
10
HONDA RACING
It has also been an aggressive force in the endurance, motocross and trial
races held around the world. We, at Honda, are not allowing this momentum
to let up, as we pursue even greater achievements.
Honda has always loved racing, ever since Sochiro Honda took his company
into motorcycle competition, sometime in the 1950s. Honda’s engineers have
tested themselves on the international stage, proving their technology to be
the best in the world. These technologies are tested in the extreme
conditions of motorcycle racing, to adapt them for use in vehicles that ply on
roads today.
In the past, Honda has powered some of the all time great racers, including
Redman, Hailwood, Spencer, Gardner, Capirossi and Doohan, to 39 riders’
titles. Even today, some of the greatest motorcycle racers, like Alex Baros,
Max Biaggi, Nicky Hayden ride on Honda bikes, at the races.
11
Honda enters the Isle of Man TT Races in 1959
Technologies like these are not just for the race tracks, but are also
incorporated in our everyday vehicles. They are first tested, refined and
proven under the trying conditions in the races, and then finally adapted in
the vehicles, so that two wheelers like Activa and Dio can utilise and benefit
from such technologies.
12
HONDA AND SAFETY
Enhancing safety on the roads is one of Honda's top priorities. They firmly
believe that the realization of a comfortable and an enjoyable mobile society
depends on the mutual trust that automobile manufacturers like them, share
with the consumers and society.
13
Honda has always wanted to pass on the beautiful natural environment to the
next generation, and will continue its environmental conservation activities,
meeting the high goals that it has set independently.
Giorno Crea
Honda, are striving towards developing zero-emission in all our vehicles. They
are the first company in Japan to meet the most recent exhaust emission
regulations. To reduce the environmental burden of four-stroke engines,
they have developed a unique exhaust air injection system and a programmed
fuel injection (PGM- F1) (PGM-F1) system, which is currently in use in the
HONDA VFR motorcycle. On the other hand, the Giorno Crea, is a new
generation, environment friendly 50cc scooter that is highly fuel-efficient.
Eco-Friendly Factory
Before Planting
Aerial view of the Sayama plant
After Planting
14
Honda's production facilities across the world also actively pursue energy-
efficient methods and prevent water pollution by reducing industrial waste.
Honda has taken aggressive initiatives to reduce the environmental impact of
its manufacturing operations, by implementing its concept of the "Green
Factory". HMSI too is actively working towards establishing an environment
management system.
15
Promoting conservation of resources such as energy, water, oil and grease
and other raw materials, by reusing, recycling and minimizing the waste
generation.
16
Green Dealer Concept
The "Green Dealer Concept" would not only help in proper and efficient use
of resources such as water, electricity, paper etc. by constantly monitoring
and improving the existing systems thus doing lots of cost cutting but also
reducing the polluting activities to minimum. Increasing environment
awareness amongst the employees and the general public is also feature of
this unique concept.
17
THE PHILOSOPLY
The Philosophy
• Initiative
• Equality
• Trust
18
It is the contribution from each individual in the company that has
made our company what it is today and that, which will take us into the
future.
In line with Honda's Philosophy, HMSI conducts all its daily activities in
pursuit of the following joys:
19
HMSI NETWORK
Wherever you travel across the globe, Honda H.E.A.D.s (Dealerships) stand
out with their unique identity. The design of the H.E.A.D.s in India has also
been done with the same purpose in mind.
The 4S Policy
Each of the Dealers functions as a one-stop shop that takes care of all your
concerns regarding your Honda product. Thus, with the objective of
maximising customer satisfaction, all H.E.A.D.s provide facilities for Sales,
Service, Spares and Safety Riding.
Sales
All H.E.A.D.s exclusively offer the sales of Honda 2-wheelers. When you
enter the showroom, you will encounter attractive display and distinctive
showroom environment, that will help you know our products better. Trained
staff at each H.E.A.D. will help in your buying process and offer test rides
to give you a feel of the product.
20
Services
Spare Parts
Adequate stock of genuine Honda spares are readily available for quick
repair and servicing.
Safe Riding
21
PRODUCT LINE
SHINE
A masterful blend of form and function, the new Honda Shine brings
together the best of all that is sought in a motorcycle into one awe inspiring
piece of automotive technology.
22
Honda Shine completes a 0 – 60kmph run in just 5.3 secs and returns a class
leading 65kmpl in the process in the Indian riding mode.
Honda Shine has been endowed with new modern intelligent style appeal,
which possesses a balance of decent looks with tough & macho appeal and an
image of sporty looks with international taste that lends the HONDA
SHINE a Decent and stylish look.
UNICORN
Powered by a newly developed Honda 4-stroke 150cc engine and
incorporating many cutting-edge technologies developed by Honda's global
R&D team, Unicorn sets new benchmarks for premium motorcycles in India
with its swift acceleration, superior mileage, captivating style, riding
comfort and convenience.
Unicorn is engineered and styled for the tastes of the younger generation
having focused vision in lives. With the 4-stroke 150cc engine delivering a
whooping 13.3 bhp, Unicorn is the fastest premium motorcycle in India racing
from 0 to 60 kms per hour in a mere 5 seconds. Unicorn has a distinctive
sporty and macho design with a racy front face, masculine fuel tank with
knee grip and a natty rear.
23
Unicorn is the first motorcycle in India with the hi-tech mono suspension
that enhances riding comfort and control, and is now available in new Sleek
Graphics.
ETERNO
An entirely new standard in scooters. Tough, sleek and with the best mileage
in its class. Designed especially for the Indian conditions & to suit your
everyday needs.
The Eterno is a tough & stylish 4-stroke scooter incorporating the best of
Honda’s worldwide technology standards. Right from the engine to the body
frame, each part is designed to be more durable & withstands the rough &
tough Indian conditions.
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• Masculine, tough & sleek styling
So shed your worries about the full size scooter as "Geared Surprise from
Honda is here." So, go ahead & enjoy the ride.
DIO
One look at DIO will tell you it’s more an accessory than a mere convenience.
As India’s first motoscooter is named after the son of Venus ‘Dyonisiac’,
also known as Cupid, the God of Love. DIO is set to add passion and
excitement with its stunning looks and performance, by incorporating the
latest world trends that make it a scooter that is much ahead of its time.
One look at DIO will tell you it’s more an accessory than a mere convenience.
As India’s first motoscooter, it blends the looks of a motorcycle with the
comfort of a scooter. DIO heralds the dawn of two–wheeler fashion. And if
looks are anything to fall for, this is a treat. The body–mounted headlamp
and sleek indicators leap right off the front. Ample legroom gives you an
elegant poise. The body tapers into the taillight and yet continues to draw
attention.
The DIO is complete in itself. Cutting edge technology and style have been
brought together in such a way as to make it an engineering marvel. So, you
can ride assured that a bike doesn’t get or look any better.
25
Of course, this qualifies us to have the last word on style. If there ever
existed an attention magnet, this is it.
ACTIVA
Honda Activa is the first scooter model of HMSI for the Indian market. It
has revitalised the Indian scooter market after its launch in the year 2001.
By design, the Activa let's anybody in the family get their hands on it. To
make riding fun, we removed the gears and retained only those controls
which can be safely left to your reflexes. Like the accelerator and the
brakes in a lightweight body. So now, mothers can enjoy an easy ride while
fathers will appreciate its sturdy build.
In fact, an Activa has something in it for everyone. We’ve got two new colour
graphic stickers, a flamboyant one for the young rider who adheres to style.
And for the mature rider we have got a more sober looking sticker, a
reflection of their personality. You’ll never see ease, technology and style
come together in such a smooth way. As in the Honda Activa.
26
2. REGENCY MOTORS
(An authorized Dealer of Honda Motorcycles and
Scooters India Pvt. Ltd.)
27
INTRODUCTION
28
It is the oldest dealership of Regency family. The Regency Motors,
Jammu was inaugurated by Mr. Y. S Guleria, the Sr. Manager, Sales
and Marketing , HMSI.
SPECIAL FEATURES/FACILITIES
Location:
Show Room:
Accessories:
Within the showroom it has got a well furnished and equipped
accessories room where all important and attractive items have been
suitably displayed so as to make it easy for the customers to choice
their brand. The accessories room has attached store facilities for
daily replenishment.
Workshop:
29
facilities and the most modern body shop which makes it the best
Automobile Dealership in Jammu & Kashmir. The workshop has trained
manpower by HMSI who has been in Regency Motors for the last
7years. It has 8 operative bays besides other modern facilities. It's
indeed a one-stop shop for HONDA accessories.
30
ORGANISATIONAL CHART OF REGENCY
MOTORS
31
3. CUSTOMER BEHAVIOUR-
SYNOPSIS
32
TOTAL CUSTOMER SATISFACTION
33
CONSUMER BEHAVIOUR
The basic idea behind this project was measuring the level of
customer satisfaction of Regency Motors. A basic knowledge of what
consumer behaviour is, therefore a necessity.
34
"Consumer Behaviour is all psychological, social and physical
behaviour of potential customers as they become aware of, evaluate,
purchase, consume and tell other people about products and services."
—Webster
35
choices according to his requirements. For instance, he will evaluate
which scooter or motorcycle suits his budget, it's personality is liked
by his family, will give him comfort and to his status etc.
36
consumer is highly satisfied, if it falls short, the customer is
dissatisfied.
37
Post Purchase Use and Disposal : Marketers should also monitor
how buyers use and dispose of the product. If consumer store the
product in a closet, the product is probably not very satisfying, and
word of mouth will not be strong. If they sell or trade the product,
new-product sales will be depressed. Consumers may also find new uses
for the product. It is shown in the figure below:-
38
4. STUDY DESIGN &
RESEARCH METHODOLOGY
39
MARKET RESEARCH- THE PROCESS
40
Market research, like other components of marketing such as
advertising, can be quite simple or very complex. You might conduct
simple market research such as including a questionnaire in your
customer bills to gather demographic information about your
customers. On the more complex side, you might engage a professional
market research firm to conduct primary research to aid you in
developing a marketing strategy to launch a new product.
41
price. Your objective might even be to test possible cause and effect
relationships. For example, if you lower your price by 10 percent, what
increased sales volume should you expect? What impact will this
strategy have on your profit?
Budget: How much money are you willing to invest in your market
research? How much can you afford? Your market research budget is
a portion of your overall marketing budget. A method popular with
small business owners to establish a marketing budget is to allocate a
small percentage of gross sales for the most recent year. This usually
amounts to about two percent for an existing business. However, if you
are planning on launching a new product or business, you may want to
increase your budget figure, to as much as 10 percent of your
expected gross sales. Other methods used by small businesses include
analyzing and estimating the competition's budget, and calculating your
cost of marketing per sale.
42
Step Four: Design Research Instruments
43
from "Strongly Disagree", "Disagree" and "Indifferent" to
"Agree" and "Strongly Agree."
Open-end questions - Respondents answer questions in their own
words. Completely unstructured questions allow respondents to answer
any way they choose. Types of open-end questions include:
• Word association questions ask respondents to state the first
word that comes to mind when a particular word is mentioned.
• Sentence, story or picture completion questions ask respondents
to complete partial sentences, stories or pictures in their own
words. For example, a question for commuters might read: "My
daily commute between home and office is _____ miles and takes
me an average of ______ minutes. I use the following mode of
transportation: _______."
To help you obtain clear, unbiased and reliable results, collect the
data under the direction of experienced researchers. Before beginning
the collection of data, it is important to train, educate and supervise
your research staff. An untrained staff person conducting primary
research will lead to interviewer bias.
Stick to the objectives and rules associated with the methods and
techniques you have set in Step Two and Step Three. Try to be as
scientific as possible in gathering your information.
44
Some helpful tips for organizing and analyzing your data are listed
below.
• Look for relevant data that focuses on your immediate market
needs.
• Rely on subjective information only as support for more general
findings of objective research.
• Analyze for consistency; compare the results of different
methods of your data collection. For example, are the market
demographics provided to you from the local media outlet
consistent with your survey results?
• Quantify your results; look for common opinions that may be
counted together.
• Read between the lines. For example, combine U.S. Census Bureau
statistics on median income levels for a given location and the
number of homeowners vs. renters in the area.
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5. RESEARCH ANALYSIS
46
4 P’s OF MARKETING MIX
The customer satisfaction level of REGENCY MOTORS was
studied under the 4P's of the marketing mix, namely:
1. PRODUCT
2. PRICE
3. PLACE
4. PROMOTION
(a) QUALITY :
47
In nutshell, HONDA’S quality policy states that consumer
satisfaction through quality of their products and services is achieved
by consistent adherence to producers and systems.
(a) FEATURES :
48
At Honda, they use a three prong approach, based on preventing
accidents from happening in the first place, minimizing injury in
the unlikely event of an accident and our Driving Safety
Promotion operations.
Segment Marketing:
For the regions with hilly terrain and tough roads, vehicles like
UNICORN have been made and promoted. Honda Eterno, Activa, Dio
and Shine are meant for almost any plain roads.
50
(2) Demographic Segmentation :
Ergo, when a customer goes out to purchase, his life style and
personality come into play.
QUALITY OF SERVICE
51
REGENCY MOTORS SERVICING MODEL :
(a) The vehicle which is brought for servicing, is first taken for a
test drive by the works manager.
(b) A manual job card is made regarding the service needed by the
vehicle.
(c) The vehicle is then parked for washing.
52
The Servicing Includes :
(1) Washing,
53
that. So, they generally prefer dealers with standing stock of two
wheelers and there is no other better option than Regency Motors
54
(3) Public Relations :
(a) Word of mouth
(b) Children painting competitions
(4) Personal Selling:
(a) Sales presentations
55
It was found that while considering service at Regency Motors,
the factors which influence the decision of the customers are:
(1) Continuous feedback,
(2) Authentic Spare Parts,
(3) Latest Equipment for servicing,
(4) Time span (Waiting),
(5) Mechanics,
(6) Environment at Regency Motors,
(7) Quality of servicing, etc
FINDINGS
The evaluation of the Customer Satisfaction at Regency Motors
was done on the basis of questions asked to the customers through
questionnaires. An analysis has been by keep in view of 200 customers
of Regency Motors which visit the service station for the servicing of
their vehicles.
ANALYSIS:
The graphs and charts are made on the basis of the evaluation of
the responses given by the customers in the questionnaires filled by
them. The ratings given by the customers is shown in the form of
percentages. This is shown below:
56
C onv enience of Location
25
23.7 V alues
22.22
20
In percentage
15 1 4.07
13.33
10 9.63 9.63
5 4.44
2.22
0 0 0.74
1 2 3 4 5 6 7 8 9 10
Rating s
(Source: Questionnaire)
Selection of Vehicles
30
25 25.93 V alues
In p ercen tage
21.48
20
15 14.071 4.07
10 11.1110.37
5
2.22
0 0 0 0.74
1 2 3 4 5 6 7 8 9 10
Rating s
(Source: Questionnaire)
57
This shows that Regency Motors has a variety in the selection of
vehicles in terms of colours, options, models etc because maximum
number of people are happy which is proved from the graph.
25
23.7
21.48 V alues
20
In percentage 15 14.81
12.59 1 3.33
10
8.15
5
3.7
1.4 8 0.74
0 0
1 2 3 4 5 6 7 8 9 10
Ratings
(Source: Questionnaire)
25 V alues
20 20
In percentage
17.78
15 14.81 15.55
11.85 12.59
10
5 5.18
2.22
0 0 0
1 2 3 4 5 6 7 8 9 10
Ratings
(Source: Questionnaire)
25
2 2 .9 6
20 V a lue s
In percentage
15 1 5.5 5
1 2 .5191 .8 5
10 1 0 .3 7 9 .6 3
5 4 .4 4 3 .7 3 .7 5 .1 8
0
1 2 3 4 5 6 7 8 9 10
R a tin g s
(Source:Questionnaire)
59
Dealings
30
25 24.44
In percentage
20 19.26
15 14.07 V alues
13.33
11.85 11.11
10
5 5.16
0 0 0.74 0
1 2 3 4 5 6 7 8 9 10
Ratings
(Source: Questionnaire)
25 Values
22.96
In percentage
20
18 .52 18.52
15
12.59
10 11.11 11.11
5 3.7
0 0 0.740.74
1 2 3 4 5 6 7 8 9 10
Ra tings
(Source:Questionnaire)
60
The graph drawn above regarding the sales person knowledge
about vehicles shows that a highest of 22.96% of customers rated 8,
followed by 18.52% customers rated 7 & 9. This reveals the fact that
the customers are pretty much satisfied with the knowledge of the
sales person of the Regency Motors. This shows that a new recruit is
being trained (regarding prices, different models, features, insurance
policies etc) properly before being put into showroom to interact with
the customers.
35 V alues
30 31.11
In p erce ntag e
25
20 18.52
17.04
15
12.59
11.11
10
7.4
5
0 0 0 0.74 1.48
1 2 3 4 5 6 7 8 9 10
R atings
(Source:Questionnaire)
61
H o nesty of the S ales P erson
35 V a lue s
30 2 8 .8 9
In percentage
25
2 2 .2 2
20
1 7 .7 8
15
1 2 .5 9
10 1 0 .3 7
8 .1 5
5
0 0 0 0 0
1 2 3 4 5 6 7 8 9 10
R a tin g s
(Source:Questionnaire)
The above graph shows that the company is not making any fake
claims. The claims may be regarding average, pick up, features, color
life, strength, etc of its vehicles. It is evident from the above graph
because a highest of 28.89% of the customers gave 9 points when this
question was asked followed by 22.22% gave 8 points. This makes
HONDA a trusted brand among customers.
30
28 .15
V a lues
25
In percentage
2 1.4 8
20
15 14 .81
10 10 .37 10 .3 7
7 .4
5 5 .9 3
0 0 0 .74 0 .74
1 2 3 4 5 6 7 8 9 10
R a tin g s
(Source:Questionnaire)
The above clearly depicts that why HONDA is a trusted brand
among the customers. HONDA is a budget friendly two wheeler as
explained in the graph before also. The customers are getting the
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value after purchasing the vehicle by getting a good mileage. In the
above graph, we can see that a highest of 28.15% gave 7 points
followed by 21.48% gave 8 points.
The questions on which the Pie-Charts are made were asked on YES-NO
basis from the customers. They are shown below:-
50% 50%
yes
no
(Source:Questionnaire)
On the question "Were you introduced to someone in the service
department when you purchase the two wheeler from Regency Honda",
the response was 50-50. This is another area where the company has
look on.
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W e re yo u p e rs on a lly th an k ed for you r
v eh ic le p u rc ha s e d ?
21%
ye s
no
79%
(Source:Questionnaire)
The above Pie-Chart shows that 79% of the customers were personally
thanked for their vehicle purchase while 21% not, which were
interviewed. Actually this is the policy of the company to thank every
customer for the purchase. The reason behind 21% of the customer
declined was, some of them didn't remember and there were also some
drivers who had came for servicing of the vehicles.
47%
53%
yes
no
(Source:Questionnaire)
The above graph is the analysis of the question "Were you offered
test drive before purchasing the vehicle". As we can see that 53% of
the customers said 'Yes' while 47% said 'No'. The reason behind 47%
of the customers said 'No' is that people are already familiar with the
HONDA two wheelers. So they think that there is no need of test
drive.
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Con tin u ou s F eed b ack ab ou t you r
Satisfaction
32%
Yes
No
68%
(Source:Questionnaire)
Showroom Displays
TV/Banners/Sales
executives/By Mouth
25.93%
53.11% Billboards/Phamplet
s/Stickers/Camps
(Source:Questionnaire)
The above drawn Pie-Chart reveals that "How people know about the
dealers of HONDA". Newspaper has got a very heavy percentage with
53.11%, followed by 25.93% by showroom displays and so on. Since
Regency Motors is having biggest market share as proved in the
previous graphs and Pie-Charts, it means that it gives frequent
advertisements in the newspapers.
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How would you rate the services of
Regency Motors ?
0.74%
5.19%
22.96%
Poor
28.89% Average
Satisfactory
Good
Excellent
42.22%
(Source:Questionnaire)
In response to the question that "How would you rate the services of
Regency Motors?". The customers were seen satisfied. It is evident
from the above Pie-Chart which shows that 42.22% of the customers
said 'Good', 28.89% said 'Satisfactory', 22.96% said 'Excellent'.
The above Graphs and Pi-charts are made to easily access the
I have made the Graphs and Pi-Charts very clear and simple that
a layman can easily understand. The values are also shown on the
and Pie-Charts to make them clearer. The reasons behind every major
percentage value have been given to make them more understandable for
the readers.
66
SWOT ANALYSIS
67
The company now applies Market Opportunities Analysis (MOA) to
determine the attractiveness and success probability of any
opportunity. Five questions are asked:
1. Can the benefits involved in the opportunity be articulated to a
defined target market(s)?
2. Can the target market(s) be located and reached with cost
effective media and trade channels?
3. Does the company possess or have access to the critical
capabilities and resources needed to deliver the customer
benefits?
4. Can the company deliver the benefits better than any actual or
potential competitors?
5. Will the financial rate of return meet or exceed the company's
required threshold for investment?
Some developments in the external environment represent
threats. An environmental threat is a challenge posed by an
unfavorable trend or development that would lead, in the absence of
defensive marketing action, to deterioration in sales or profit. Threats
should be classified according to seriousness and profitability of
occurrence.
Once the management has identified the major threats an
opportunities facing a specific business unit; it can characterize the
business's overall attractiveness. Four outcomes are possible:
• An ideal business is high in major opportunities and low in major
threats.
• A speculative business is high in both major opportunities and
threats.
• A mature business is low in major opportunities and low in threats.
• A troubled business is low in opportunities and high in threats.
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Internal Environment Analysis (Strengths/ Weakness Analysis)
69
Checklist for Performing Strengths/Weakness Analysis
Internal environment Analysis of Regency Motors
PERFORMANCE
Features
MAJOR MINOR MINOR MAJOR
NEUTRAL
STRENGTH STRENGTH WEAKNESS WEAKNESS
Company’s Reputation
Service Quality
Pricing Effectiveness
Geographical Coverage
Promotional Effectiveness
Sales Force Effectiveness
Financial Stability
Locational Effectiveness
Skilled Workforce
Employee Satisfaction
Modernized Service Station
Range of Accessories
Distribution Effectiveness
On-Time Delivery
Delivery at Doorstep
Customer Care
Customer Feedback
Insurance Facility
Centralize Authority
Coordination Of Workforce
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Innovation
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Opportunities :
1. Capturing the market of economically well-off having tendency to
buy more than one vehicle.
2. Expanding the need to untapped market. It has its sister
concerns at Udhampur and Srinagar in J&K state. Regency Motors
also organizes market campaigns in suburban areas of Jammu.
3. Catering to servicing need of distant places by opening nodal
centers.
4. Special provision for government employees.
5. Attracting the dis-satisfied customers of other dealers and
service stations by organizing free servicing camps.
6. Changing a customer of a competitive brand into a HONDA
customer.
7. Conversions of consumer preferences form a second hand two
wheeler to a two wheeler.
Threats:
1. Competitive models of other brands are available in the market.
2. Excise duty being increased on steel used in the two wheelers
which led to price hike.
3. Resentment among persons who regularly refer clients to Regency
Motors for want of commission.
4. New two wheelers being launched in the market.
5. Craze of Jammuites for expensive two wheelers and big cars.
6. Attractive discounts and facilities offered by various dealers
outside J&K.
7. Black marketing practices.
8. Some dissatisfied customers of the company.
9. Relatively higher cost of petrol.
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6. SUGGESTIONS
73
According to experts that next ten years will be a period of
consolidation. Big will get bigger and small will get swallowed up. The
U.S., Japan and Canada accounts for about 53% of the world's total
two wheeler production. So HMSI has to make it a big strength to
fight with the global giant.
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Suggestions for Regency Motors
75
4. New feature like night working should be introduced : i.e the
two wheeler should be repaired and serviced at night and be given
back to the customers in the morning.
5. Sunday opening of service station to be done to cater those
customers who are free only on Sundays like shopkeepers and
employees.
6. Customer delight should be made the main focus of Regency
Motors, the various activities that forms the customer delight
are :
IMPEDANCES
It is not possible to conduct a flawless study. Every research is
bound to be suffering from certain limitations which could influence
the results of the study. The limitations from my study are:
1. The responses provided by the respondents might have some
false information in them; this bearing on the part of respondents
could affect the result of the study.
2. The research was conducted in the service station of Regency
Motors, so a lot of respondents were missed who didn't visited
the service station during that period.
3. Some people send their drivers for the servicing of their two
wheeler so it might be possible that they provided the wrong
information.
4. Time constraints forced the sample size to that of only 200.
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5. Due to unawareness and illiteracy of the people of Jammu
(especially drivers and some business men), there are some flaws
in the study.
6. Some people didn't returned the questionnaires and took the
questionnaires with them.
7. There are also some communication gaps because people which
were interviewed belonged to all types of communities (Kashmiris,
Dogri etc)
INFERENCES
Following inferences are drawn about the various operational
activities linked with Regency Motors and the market in which it
operates:-
1. Regency Motors provides an excellent computerized service for
two wheelers to clients at its well equipped service station, where
various activities like engine de-carbonization, engine scanning,
wheel balancing, and pollution checks are done using sophisticated
instruments.
2. Home delivery includes delivering the car to the owner at his
doorstep by drivers providing customer delight.
3. Waiting period for the vehicles is comparatively low as compared
to other brands in Jammu city.
4. The company has been generally able to deliver what is promised
within the stipulated time frame. Also, the popularity of the
Directors of the company has created a goodwill for the company
and due to that factor Regency Motors family has received
bookings from other territories as well.
5. The workforce of the service station and the other staff though
technically efficient, was found to be possessing a low
motivational level attributed majority due to the absence of
promotional opportunities, overtime allowances, medical facilities
etc. So, when the workforce is not fully satisfied with the
77
company, it provides ample scope for the un-satisfaction to the
customers.
7. Though various provisions have been made to ensure sound
customer care such as fully air-conditioned customer waiting
room, canteen facilities facility, a customer care officer, yet
these efforts suffer from drawbacks such as non-functioning of
AC and television sets.
8. A customer feed back form along with continuous after sales
check by sales executives forms the part of customers feed back
system. But majority of customers complained of no visit sales
executives after sales. Many customers complains of not being
able to understand the contents of the form, thus an effective
feedback system is missing.
9. There is a centralized decision making system where powers are
vested with in the Managing Director of the company. In the
absence of the decision maker, at times delays actions and hung
issues have led to unproductive results, besides causing
resentment among the parties involved.
10. Some customers complained about receiving the partial attention,
over charging and wastage of time in waiting for their turn.
11. However, in spite of these shortcomings, some customers are
very loyal to Regency Motors and prefer the servicing of their
two wheelers from Regency Motors rather from any other
authorized or local service station. They hold services of Regency
Motors as of top quality. So, it is for Regency Motors to maintain
its standards and further up grade them to hold on to the old
customers and win new loyalties.
12. On an average, Regency Motors sells 10 two wheelers daily which
itself speaks for the goodwill and popularity of the company.
13. The customer satisfaction level of Regency Motors was in general
found in between the satisfied and highly satisfied customers.
Satisfaction level was high for the product and price.
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7. ENCLOSURES
79
BIBLIOGRAPHY
• Market Management by "Philip Kotler" and "Kevin Lane Keller"-
12th edition, Pearson Education.
• Auto India
• www.honda.com
• www.google.com
• www.honda2wheelersindia.com
• www.autoindia.com
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QUESTIONNAIRE FOR CUSTOMER
Dear Customer,
Occupation_________________________________________
Address____________________________________________
Regn. No.________________________________________
Convenience of Location
Schemes/Discounts/Gifts
81
E. Upon delivery of your new vehicle, which of the activity listed
below took place :—
Availability of Manual, Tool kit, Jack, Spare wheel, First Aid Kit etc.
Yes/No
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If “YES”, Please specify_____________________________
Dated_______________
Signature
“WE THANK YOU FOR THE TIME THAT YOU HAVE INVESTED IN
OUR SERVICE TRACKER, YOUR VALUABLE OPINION AND
CONTINUES SUPPORT IS OUR INSPIRATION.”
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