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INTRODUCTION
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Marketing is much more than just an isolated business function it is a philosophy that guides the entire organization towards sensing, serving and satisfying consumer needs. The marketing department cannot accomplish the companys customer relationship-building goals by itself. It must partner closely with other departments in the company and with other organization throughout its entire value delivery network to provide superior customer value and satisfaction. Thus marketing calls upon everyone in the organization to think customer and to do all they can to help build and manage profitable customer relationship. Marketing is all around us, and we need to know that it is not only used by manufacturing companies, wholesaler and retailers, but also by all kinds of individuals and organizations There are four major, powerful themes that go to the heart of modern marketing theory and practice, they are:
1. BUILDING AND MANAGING PORFITABLE CUSTOMER RELATIONSHIPS. 2. BUILDING AND MANAGING STRONG BRANDS. 3. HARNESSING NEW MARKETING TECHNOLOGIES IN THIS DIGITAL AGE. 4. MARKETING IN A SOCIALLY RESPONSIBLE WAY AROUND THE GLOBE.
What marketing is what it does and what it offers? Marketing is a social and managerial process whereby individual and groups obtain what they need and want through creating and exchanging products and value with others. Marketing management is the process of planning and executing the conception, pricing, promotion and distribution of ideas, goods and services to create exchanges that satisfy individual and organizational goals.
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Marketing offers some combination of products, services, information, or experiences offered to a market to satisfy a need or want Marketing is an orderly and insightful process for thinking about and planning for markets. The process starts with researching the market place to understand its dynamics. The marketer uses research methodologies to identify opportunities, that is, to find individuals all groups of people with unmeet needs or latent interest in some products or service. The marketing process consists of the following: 1. Analyzing marketing opportunities. 2. Developing marketing strategies. 3. Planning marketing programs
4. Managing the marketing efforts.
Before taking any decision and achieving the goals, it has to make analysis of what to do, how to do, when to do, where to do and who is to do it. This is nothing but strategic planning. Goals indicate what a business units wants to achieve whereas
strategy is how to get there. Marketing strategies in simple terms are the complete and unbeatable plans designed specifically for attaining the marketing objectives of the firm. Marketing can be called as a game plan for achieving its goals. Strategy choice will depend on whether the firm or the marketer plays the following roles: Market leader
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A challenger A follower A nicher The identification of objectives, both in quantitative and qualitative terms, is an essential backdrop to strategy formulation. Goals have a quality and time frame attached to them. These are typically spelt out in terms of financial return, market share, market presence, etc. Thus, the concept of market oriented strategic planning arises with the link between the products the link between the products the manufacturer is dealing in and the market conditions. In this direction, our study deals only with the marketing strategies i.e.
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OBJECTIVES
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Primary Objective:
To know the influence of various Marketing Strategies, Promotional Activities towards the customers of four wheelers(cars).
Secondary objective:
To know the effective factors for preferring 4 wheelers(CARS) To know the factor of awareness of the cars. To Study and analyze the Promotional Strategies of Ford To know whether the customers are satisfied with the offers given by the dealer. To know which kind of offers can attract the new customers. To find the area to be improved To find out satisfaction of the customers. To find the reasons for the dissatisfaction To study the channel levels involved in the promotion of Ford TO study and analyze the customer's perception regarding the usefulness/utility of Ford cars. TO study and analyze the distributors perception regarding the promotional and distributional strategies of Ford.
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This attempt at self-reliance failed miserably because of the industrys isolation from the best technology. The Japanese and later Korean auto industries were also highly protected in their formative years but they never shut the door on technology. Instead, they relentlessly tapped the best talent pools in the world to absorb the know-how to produce good cars. One of the most important chapters in the Indian automotive industrys history was written by Maruti. It marked the Indian government getting into the far business in the early 1980s, a radical shift in thinking after decades of treating cars with disdain. The Maruti 800 went on to become the staple car of India and put a nation on wheels. This little car set a benchmark for price, size and quality and structured India as small car market. It wasnt till 1993 that things really started to change for the Indian car buyer. With the liberalization of the economy, a host of international carmakers rushed in. But most of them were in for a shock as Indian customers rejected their product. Indian customers refused to allow the glitter of prestigious brands blind them to the outdated and overpriced products they were offered. The Indian consumer wanted super value, and rewarded the brands that delivered it, handsomely. Hyundai and Maruthi delivered, and profited. The period also saw the emergence of the Indian players like Tata Motors and Mahindra & Mahindra. They rose to the challenge of the MNCs and responded brilliantly with the Indica and the Scorpio. This was ironically due to the license raj that forced Indian carmakers to be innovative and develop products frugally. Indias frugal engineering skill has now caught the worlds imagination, and an increasing number of carmakers are preparing to setup major capacities here. India is changing. And changing fast. Its moving forward. Indias largest-selling car is not its cheapest car, the 800. It is the Alto. Peoples aspirations are rising and so are their mistakes, have got their finger on the pulse of the market. Get the right product and the rewards are handsome. The Indian auto industry is today bubbling with promise and confidence. Its been a long journey but to see where the Indian car industry is going. We have to see where it has been.
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POST- INDEPENDENCE:
The government clamped down on imports and foreign investments. Companies like GM and Ford packed their bags and left. Indias clock, thereafter, stood still while the world raced on ahead. It would take nearly 50 years before the Indian auto industry could catch up with the rest of the world again.
BROADBANDING ERA:
In January 1985, the government announced its famous broad banding policy which gave new licenses to brad groups of automotive products such as two and four-wheeled vehicles. Through a liberal move, the licensing system was very much intact. A manufacturer had to submit a phased-manufacturing programme to the Ministry of Industry specifying the indigenization progress and allowing for almost complete indigenization within five to seven years. The biggest hurdle was the foreign-exchange clearance required for these projects.
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Except for MUL, which had direct access to policy-makers, every other manufacturer still faced a series of obstacles. Several new products were launched during this period. All three traditional carmakers added new models to their ranges Standard Motors returned to the car business after 10 years, when in 1985 it introduced the Standard 2000, a Rover SD1 body with the old two-litre Vanguard engine. HM bought in a 1972 Vauxhall Victor in 1985, transplanted its ageing Ambassador engine into it and the Contessa was born.
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Some of the leading Indian auto players in Indian automobile industry are: Premier, Tata Mahindra and Mahindra Maruthi Hindustan motors
Premier:
The story of premier is the story of one mans vision, Seth Walchand Hirachand. He not only give India its first car factory but also the countrys first aircraft factory Hindustan Aeronautics Limited and the countrys first modern ship yard, Hindustan Shipyard Limited
The arrival of FIAT: In 1951, PAL singed up with Fiat to assemble the Fiat 500 in India. In 1952, the tariff commission spelled out future for the auto industry indigenize or get out. Companies like Ford and GM, which had assembly operations in India, packed their bags and went home.
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But fiat decided to stick it out and committed itself full-fledged manufacture of the Millicento in 1954. In sep 1964, PAL and FIAT launched the Fiat 1100 DELITE in India. The biggest customers for PALs were Bombays taxi drivers. The Padminies were easy for maintenance in terms of spares and labour cost, low on running cost, easy to drive and reasonably tough. It was everything that a taxi driver wants.
TATA Motors:
Established in 1945, Telco or the Tata Engineering and Locomotive Company, as its full name suggests, started out making steam locomotives for the Indian Railways. Telcos tryst with vehicle manufacture came in 1945 when it signed a 15-year agreement with Daimler-Benz AG of Germany to manufacture commercial vehicle. The director in charge from the Tata side was Sumant Moolgaonkar. This period was a shared birthing time for the Indian commercial vehicle industry Premier Automobiles in league with Chrysler, Hindustan Motors with General Motors and Ashok Leyland with British Leyland which all started truck production around the same time. Telcos biggest triumph came in 1985 in the LCV segment. The Tata 407, a brand new product from bumper to tail-light, was designed and marketed by Telco to take on the technically superior Japanese products. The 407 immediately captured 70 per cent of the market. The TATA SUMO, launched in 1994, turned out to be the success story of the decade. The Sumo was conceptually a brilliant vehicle. And it was also a product of the governments eccentric excise duty regulations at that time. 1998 was a landmark year for Tata it launched the Tata Safari. Unlike the Sierra, Estate and Sumo that were designed and developed using rudimentary manual methods, the Safari was made with modern manufacturing and design processes to ensure new-found levels of quality and to take the company a step closer to its ambition of becoming a global carmaker.
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Yet, the most important landmark of 1998 was not the Safari. On 30 December 1998, Tata officially launched the much-awaited Indica. 2001 also saw the company exit its joint venture with Daimler-Benz. In 2002, Tata launched the Indigo saloon, based on the Indica platform. On 29 July 2003, J R D Tatas birth anniversary, the company was renamed Tata Motors Limited. The Tata juggernaut continued to roll across the Indian auto industry with the launch of the Indigo Marina in 2004.
Vehicle model
Mahindra MM 540
Year of launching
1985
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Scorpio launched in 2002, a completely indigenous product that took Mahindra & Mahindra
6 long years to design and develop. The Scorpio has played a critical role in changing the perception and brand image of the country. The 2.6 litre turbo-diesel engine developed 109bhp. The Scorpio has been the vehicle of M&Ms change, from a utility vehicle-maker to a lifestyle SUV manufacturer.
MARUTHI:
It began with the promise of being the Peoples Car. The car never went into production and the company went belly-up in 1977. Six years later, it rose like a phoenix from the ashes and changed the Indian automotive sector forever. The company Maruthi Udyog Limited. The story of Maruthi dates back to the 1970s. Indira Gandhi was the prime minister of India. Her son, Sanjay Gandhi, envisioned the manufactured of an indigenous cost-effective, low-maintenance compact car for the Indian middle-class. The Cabinet passed a unanimous resolution for the development and production of a Peoples Car. The name of the car was chosen as Maruti.
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motorist a cheaper, friendlier alternative. On 14th December 1983, Harpal Singh became Maruthis first customer as he received the keys of his Maruthi 800 car from Prime Minister Indira Gandhi. The car cost Rs.48,000. The new Maruthi, launched in June 1986, cost approximately Rs 15,000 more than the outgoing model.
Model
Maruthi 800 Maruthi Omni Maruthi Gypsy Maruthi 1000 Maruthi Zen Maruthi Esteem Maruthi Baleno Maruthi Wagon R Maruthi Alto Maruthi Versa Maruthi Swift Maruthi Zen Estilo Maruthi SX4 Maruthi Suzuki Grand Vitara
Year of launching
1983 1984 1985 1990 1993 1994 1999 1999 2000 2001 2005 2006 2007 2007
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The other cars which have their share in the Indian Auto Mobile industry are:
The Indian auto industry has exploded in the last 14 years. And car markers are learning some very hard truths. While the economic reforms process was kicked of f in 1991, it was only in 1993 that the automobile industry was finally delicensed and the restrictions were removed. Between 1993 and 95, government regulations limited a foreign companys stake to a maximum of 51 percent of the equity. Hence the only method of entry for an MNC then was through a joint venture with a local partner. The most preferred partner was an existing automaker. In 1994-95 saw the announcement of quite a few JVs. Premier and Peugeot to form PAL-Peugeot. GM and CK Birla to form GM India. Mercedes Benz and Tata Motors.
M&M and Ford to form Mahindra-Ford India.
In 1995, the government announced its decision to allow foreign auto companies to enter with a 100% stake or wholly-owned subsidiaries. This changed the dynamics of joint ventures in India.
The other automobile industries which play a crucial role in the Indian automobile industry are: Daewoo Motors India. General Motors India Mercedes-Benz Hyundai Motors Honda SIEL Toyota Skoda India
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COMPANY PROFILE
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Type Public (NYSE: F) Founded June 17, 1903 Founder Henry Ford Headquarters Dearborn, Michigan, USA
Area served worldwide William Clay Ford, Jr - Executive Key people Chairman Alan Mulally - President, CEO Industry Automotive Products Automotive goods and services Revenue Operating income Net income US$120.1 billion (2006) [1] US$-15.0 billion (2006)[1] US$-12.6 billion (2006)[1]
Employees 283,000 (2007)[2] Ford Credit Ford division Divisions Lincoln Mercury Premier Automotive Group Automotive Components Holdings Jaguar Subsidiaries Land Rover Volvo (cars only)
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Bold Moves Have you driven a Ford lately? Built Ford Tough Slogan Built for Life in Canada Feel the difference Make Everyday Exciting Website www.ford.com
Ford Motor Company is an American multinational corporation and the world's third largest automaker based on worldwide vehicle sales. In 2006, Ford was the second-ranked automaker in the US with a 17.5% market share, behind General Motors (24.6%) but ahead of Toyota (15.4%) and DaimlerChrysler (14.4%). Ford was also the seventh-ranked American-based company in the 2007 Fortune 500 list, based on global revenues of $160.1 billion. In 2006, Ford produced about 6.6 million automobiles, and employed about 280,000 employees at about 100 plants and facilities worldwide. In 2007, Ford had more quality awards from J.D Power than any other automaker. Based in Dearborn, Michigan, a suburb of Detroit, the automaker was founded by Henry Ford and incorporated in June 16, 1903. Ford now encompasses many global brands, including Lincoln and Mercury of the US, Jaguar and Land Rover of the UK, and Volvo of Sweden. Ford also owns a one-third controlling interest in Mazda. Ford has been one of the world's ten largest corporations by revenue and in 1999 ranked as one of the world's most profitable corporations, and the number two automaker worldwide. Ford introduced methods for large-scale manufacturing of cars and large-scale management of an industrial workforce, especially elaborately engineered manufacturing sequences typified by moving assembly lines. Henry Ford's combination of highly efficient
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factories, highly paid workers, and low prices revolutionized manufacturing and came to be known around the world as Fordism by 1914.
History
Ford was launched in a converted factory in 1903 with $28,000 in cash from twelve investors, most notably John Francis Dodge and Horace Elgin Dodge who would later found the Dodge Brothers Motor Vehicle Company. During its early years, the company produced just a few Model T's a day at its factory on Mack Avenue in Detroit, Michigan. Groups of two or three men worked on each car from components made to order by other companies. Henry Ford was 40 years old when he founded the Ford Motor Company, which would go on to become one of the largest and most profitable companies in the world, as well as being one of the few to survive the Great Depression. The largest family-controlled company in the world, the Ford Motor Company has been in continuous family control for over 100 years.
Corporate governance:
Members of the board as of early 2007 are: Chief Sir John Bond, Richard Manoogian, Stephen Butler, Ellen Marram, Kimberly Casiano, Alan Mulally (President and CEO), Edsel Ford II, Homer Neal, William Clay Ford, Jr., Jorma Ollila, Irvine Hockaday, Jr., John L. Thornton and William Clay Ford (Director Emeritus).[8]
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The main corporate officers are: Lewis Booth (Executive Vice President, Chairman (PAG) and Ford of Europe), Mark Fields (Executive Vice President, President [The Americas]), Donat Leclair (Executive Vice President and CFO), Mark A. Schulz (Executive Vice President, President [International Operations]) and Michael E. Bannister (Group Vice President; Chairman & CEO Ford Motor Credit).[9]. Paul Mascarenas (Vice President of Engineering, The Americas Product Development)
FORD IN INDIA:
Ford started its innings with the Mahindra-Ford joint venture formed in 1994, which produced the Escort out of M&M Nashik plant. After meeting initial success, sales of the Escort was finally replaced by the Ikon in 1999. The Ikon marked a new beginning for Ford in India. It rolled out of the Marajmalaingar plant near Chennai and by now, the company had parted ways with M&M and was renamed Ford India Ltd in 1998. The Ikon was the first model by a multinational to be developed specifically for India. Though it was based on the Fiesta, it was a unique body style and was offered and was offered with an option of three engines, including a diesel. The car was a big hit. The Ikon underwent several face-lifts and price cuts to keep demand high. However, fresher competition and a reputation for high-maintenance saw sales gradually decline. After the arrival of the modern and highly-capable Fiesta, another madefor-India car, with state-of-the-art engines, the Ikon has been marginalized. The Fiesta has picked up where the Ikon left and is selling well. Though the Ikon and Fiesta have been the mainstays of Fords production in India, the company has had limited success with other models. The Mondeo, launched in 2001, was a very talented car by was simply not suited to Indian conditions and earned a reputation for being exorbitant to maintain. The Endeavour SUV was launched in early 2004 and has sold well for its niche. The Endeavour has recently been upgraded in 2007 and this has boosted the appeal of the big SUV. In 2004, Ford launched the Fusion, which has received a lukewarm response though the recent diesel variant has perked up sales.
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Fortune Ford is an authorized dealer for Ford India Limited, who are one of the
leading manufacturers of top quality cars in India, with many variants in the offering.
Fortune Ford is a 50:50% Joint Venture set up between two well known and reputed families in Hyderabad, the Modis and the Babu Khans. Fortune Ford is a blend of experience and youth. The experience and good will that Mr. Misbahuddin Babu Khan and Mr. Pramod Modi enjoy blend very well with the youth and energy of the youngsters Bashir, Ashish, Nirav and Siraj to make Fortune Ford a truly world class Ford Dealership. Fortune Ford markets and services the recently launched truly European Ford Fiesta, the ever-popular Ford Ikon Flair, the No non-sense car Ford Fusion and the macho SUV the Ford Endeavour through its sales and service outlets at Hyderabad. The sales outlet is located strategically at Somajiguda next to Eanadu. We have two service centers, one at Chapel Road, Abids opposite Stanley College and other one at Fathebagh, Santhnagar. These centrally located outlets provide convenient and easy access to both the proud owners as well as prospective buyers. The workforce at Fortune Ford is committed to excellence in serving all esteemed customers. The Sales Team is made up of dedicated showroom and field executives who are professionally trained by Ford India Limited. They are adept at guiding the customer through the entire sales process right from assisting in the choice of model, colour and features to lending a helping hand in providing attractive buyback options and also arranging finance at competitive rates.
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The Service Centre is armed with the state-of-the art equipment and is in-line with Ford's exacting Global standards. The service team is technically qualified and trained to analyze and provide solutions adhering to Quality Care, in order to satisfy even the most demanding customers. The Fortune Ford dealership maintains a high standard of excellence in sales and services by sending its personnel for training on a regular basis to Ford India Limited, to update them with the latest technological advances in the automotive sphere.
SHOWROOM
We have 5000 sft centrally air conditioned showroom, located in the heart of the city in Somajiguda, adjacent to Eenadu office and just opp. to Khairtabad RTA. This makes convenient for almost every one residing in and around Hyderabad and Secunderabad.
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5.Full range of Ford cars with all colors and models to choose from. 6. A good stock of Ford genuine accessories to make your Ford ownership more delightful and safe. 7. A well maintained fleet of test drive cars to give you the feel and experience the drive dynamics on actual driving conditions before take the purchase decisions. You can call our sales help line for test drive or fill the on-line test drive requisition form.
Significant milestones
The first Indian built Ford Escort rolled off the assembly line in 1996. The Company was able to deliver Ford Escorts in seven major cities simultaneously, in just a month after booking. The Special Value Pack program was launched in 1997, with commemorative 'Freedom', followed by the petrol and diesel driven 'Anniversary'. Recent SVPs have included the Orion, Alpha and Sport - E. Ford Escort won the J D Power Award in India Quality Survey in 1997. Ford topped the Customer Satisfaction Index (CSI) ratings in 1997 and 1998, in the Customer Satisfaction Survey. QualityCare, Ford's branded service initiative, provides car owners with superior services at its dealership countrywide. The new, integrated manufacturing plant was dedicated in March 1999, where FORD IKON is manufactured. Ford India launched Ford Assured on April 24 2000, a new initiative to buy and sell used cars of all makes.
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2001 2002
On September 11, 2000. Ford India launched the Ford IKON SXi the stylish josh machine Ford India has started exporting Ford IKON Ford India launched the Ford Mondeo. Ford India show cases a wide spectrum of exciting cars at the Auto Expo Ford India Limited announced a strategic partnership with Hindustan Motors Limited (HML). Certified QS 9000: 1998, 3rd edition on March 21, 2002 Ford India received the QS 9000 award from TV Sddeutschland. New Ikon Variant 1.6 EXi was launched The New Ford Ikon NXT launched - The Next Level of Josh. Adding Refinement to Josh- Ford India launches Ikon NXT Finesse. Ford Celebrates Centennial in India. Ford India launches Ikon NXT SXi. Ford India Ranks Highest in J.D. Power India Sales Satisfaction Study. Ford launches Ikon Flair at Rs. 4.95 Lakhs.
2003:
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MANAGEMENT PROFILE:
ARVIND MATHEW Managing Director and President Arvind Mathew is the Managing Director and President of Ford India. He took this position in August 2005.
LUCY MILLAR Vice President, Finance & IT Lucy is the Vice President of Finance and IT at Ford India. She took up this position in May 2005. She reports to Arvind Mathew, President and Managing Director, Ford India.
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Scott McCormack is the Vice President, Marketing, Sales and Service at Ford India. He took this position in July 2006. Scott reports to Arvind Mathew, President and Managing Director, Ford India.
NANCY REISIG Vice President, Human Resources Nancy Reisig is Vice President, Human Resources at Ford India. She took this position in March 2005. Nancy reports to Arvind Mathew, President and Managing Director, Ford India.
SANDIP SANYAL Vice President, Supply and Total Value Management Sandip Sanyal is the Vice President, Supply and Total Value Management (TVM) at Ford India. He took this position in September 2005. Sandip reports to Arvind Mathew, President and Managing Director, Ford India. STEVE BRIDGMAN Country Manager, Ford Credit
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PRODUCT PROFILE
Fusion:
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PRICE(lacs)
6.59
Engine:
Type Construction Fuel System Displacement (cc) Compression Ratio Max. Power (ps/rpm) Max. Torque (nm/pm) Emission Stage Kerb Weight (Kg) Transmission MaxSpeed (Kmph) Mileage 4 Cyl. In Line, 16 V DOHC All Aluminium Alloy SEFI 1596 9.75:1 101 / 6500 146 / 3400 Bharat Stage III 1143 Manual 5 Speed 174 11.3
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Endeavour:
PRICE(lacs)
(4X2) (4X4)
16.16 17.17
Engine:
Type Displacement (cc) Max. Power (PS/rpm) Max. Torque (kgm/rpm) Ignition System Valve System Fuel System Emission Kerb Weight (Kg) 2.5 litre, 4 Cylinder in-line, Turbocharged & inter-cooled diesel 2499 116/3500 28.5/2000 Compression SOHC, 12 Valves Indirect Injection Mechanical Pump Exhaust Gas Recirculation (EGR) Meeting Bharat Stage III Norms 1933/1958
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Fiesta:
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Engine Price(in lacs) Type Construction Fuel System Displaceme nt Max. Power Output Max. Torque Emmision Compliance Transmission Type Kerb Weight (Kg) MaxSpeed (Kmph) Mileage cc
4 Cylinder in-Line, 16 Valve DOHC All-aluminium Alloy SEFI 1388 9.75:1 1596 9.75:1 1596 9.75:1
4 Cylinder in-Line, 8 Valve SOHC High Pressure Common Rail 1399 18:1 1399 18:1 1399 18:1
82/6000 101/650 101/650 68/4000 68/4000 68/4000 0 0 127/400 146/340 146/340 160/200 160/200 160/200 0 0 0 0 0 0 Bharat Stage III 5 Speed Manual 170/178 14.75/13.6
Nm/rp m
Ikon:
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PRICE(lacs) Engine: Type Fuel system Displacement (cc) Max. Power (ps/rpm) Max. Torque (Nm/rpm) Transmission Type Kerb Weight (Kg) MaxSpeed (Kmph) Mileage
5.50 4 Cylinder, 8-V SOHC, Rocam Petrol SEFI 1299 70/5500 105/2500 5 Speed Manual 978 148 10.8
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Mondeo:
PRICE(lacs) Engine: Engine type Displacement Max. power Max. torque Compression ratio Valves Fuel injection Emission level Construction Transmission Type
6.59
2.0L 16V DOHC Petrol 1999 cc 142.7 PS/6000 rpm 185 Nm/4500 rpm 10:8:1 16V DOHC Sequential electronic fuel injection (SEFI) Bharat Stage III All Aluminium Alloy
Ford MTX-75 manual 5-speed with
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synchromesh
200 8.6
SOURCE OF DATA
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indicate what the firm wants to achieve; the marketing strategy provides the design for achieving them. For example, if the marketing objectives of a business unit stipulate that next year, it should achieve a sales revenue of Rs. 1,000 crore and a net profit of 15 percent of sales revenue, it is the job of marketing strategy to indicate how and wherefrom this sale and profit will come, which product lines/products/brands will accomplish this task and how. Marketing strategy forms an integral part of marketing planning. A marketing strategy is most effective when it is an integral component of corporate strategy, defining how the organization will successfully engage customers, prospects, and competitors in the market arena. It is partially derived from broader corporate strategies, corporate missions, and corporate goals. As the customer constitutes the source of a company's revenue, marketing strategy is closely linked with sales. A key component of marketing strategy is often to keep marketing in line with a company's overarching mission statement.
Promotional Development of marketing program requires an in-depth analysis of the market. This
analysis may make extensive use of market research as an input into the planning process.
Pricing decisions
decisions
analysis
Adver tising Market planning Direct mark program development eting Intera ctive mark eting Channel Sales of prom distributi otion on Public decisions ity
Ultimate consumer
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Market segmentati on
Resellers
This input, in turn, provides the basis for the development of marketing strategies in regard to product, pricing, distribution and promotion decisions. Each of these steps requires a detailed analysis, since this plan serves as the road map to follow in achieving marketing goals. Once the detailed market analysis has been completed and marketing objectives have been established, each element in the market mix must contribute to a comprehensive integrated marketing program. Of course, the promotional program element must be combined with all other program elements in such a way as to achieve maximum impact.
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1. Selecting the target market, 2. Positioning the offer, 3. Assembling the marketing mix. This implies that the essence of the marketing strategy of a firm for a given product or brand can be grasped from the target market chosen, the way it is positioned and how the marketing mix is organized. The target market shows to whom the unit intends to sell the products; positioning and marketing mix together show how and using what uniqueness or distinction, the unit intends to sell. The three together constitute the marketing strategy platform of the given product.
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but display tough barriers to entry. As such, the question, which segment/segments, the firm should select as its target market, assumes crucial importance. STRATEGIC MARKET SEGMENTATION: Market Segmentation is dividing up a market into distinct groups that (1) have common needs and (2) will respond similarly to a marketing action, which was said by Eric N.Berkowitz, Roger A.Kerin, and William Redulius. The Segmentation process involves five distinct steps: Finding ways to group consumers according to their needs. Finding ways to group the marketing actions usually the products offered available to the organization. Developing a market-product grid to relate the market segments to the firms products or actions. Selecting the target segments toward which the firm directs its marketing actions. Taking marketing actions to reach target segments. Markets can be segmented using several relevant bases. For example, demographic characteristics of consumers, such as age, sex, income/purchasing capacity, education level etc, form one base for segmentation. Geographic characteristics constitute another; and buying behavior of the consumers forms yet another base. The various types of segmentations are Geographic segmentation Demographic segmentation Psychographic segmentation Buyer behavior Benefits segmentation Volume of purchase segmentation
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POSITIONING:
Positioning is a platform for the brand. It facilitates the brand to get through to the target consumers. It is defined as the art and science of fitting the product or service to one or more segments of the broad market in such a way as to set it meaningfully apart from competition. Positioning is the act of fixing the locus of the product offer in the minds of the target consumers. In positioning, the firm decides how and around what parameters, the product offer has to be placed before the target consumers. The significance of product positioning can be easily understood from David Ogilvys words: The results of your campaign depends less on how we write your advertising than on how your product is positioned. Definitions of product positioning: Sengupta, in his book Brand Positioning says, The aim of product positioning is to create a perception for our brand in the prospects mind so that it stands apart from competing brands we must cover that space in the consumers mind as if we had won a long-term lease. We must find a strong position in that mind and sit on it. Micheal Rothschild, in his book Marketing Communications From Fundamentals to Strategies says, Positioning refers to the place a brand occupies in the mind in relation to a given product class. This place was originally a product-related concept. Concerning market structure. The concept now refers to the place that the brand holds in the consumers mind related to perceptions and preferences.
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1. What position, if any, do we already have in the prospects mind? 2. What position do we want to own? 3. What companies must be outgunned if we are to establish that position? 4. Do we have enough marketing money to occupy and hold the position? 5. Do we have the guts to stick with one consistent positioning strategy? 6. Does our creative approach match our positioning strategy?
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Where is the real gap, where is such a new offer most welcome and wanted by the market? What are companys competencies to fight here? ISSUES IN BRAND POSITIONING: In deciding the Brand positioning, the issues are: Which are the competing brands in the chosen product category? What are the unique claims/strengths of the various brands? What position do they enjoy in consumers evaluation and perception? What is the most favoured position? And yet vacant? Can the new brand claim the needed distinction and take the position and satisfy the need? The major dimension of marketing strategy relates to positioning of the offer. The firm has already selected the target market and decided its basic offer. Now, what is the conjunction between these two entities? How do they get connected? What is the interface? In other words. What is the locus the firm seeks among the customers in the chosen targer market with its offering? How would the firm want the consumer to view and receive the offer? These are the issues the firm has to grapple with in positioning. And, while formulating the marketing mix too, the firm will agitate over these issues. The Product Differentiation and Positioning discusses the multifarious issues involved in the subject.
PRODUCT REPOSITIONING :
Products do undergo repositioning as they go along their life cycle. In some cases, even products that are fairing well are repositioned. This is done mainly to enlarge the reach of the product offer and to increase the sale of the product by appealing to a wider target market. The product is provided with some new features or it is associated with some new target segments.
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PROMOTIONAL DECISIONS:
Promotion has been defined as the coordination of all seller initiated efforts to set up channels of information and persuasion in order to sell goods and services or promote an idea. While implicit communication occurs through the various elements of the marketing mix, most of an organizations communications with the market The basic tools used to accomplish an organizations communication objectives are often referred to as the promotional mix.
Advertisin g
Direct marketin g
Interactiv e/ internet
Sales promotio n
Personal selling
Advertising:
Advertising is defined as any paid form of non personal communication about an organization, product, service, or idea by an identified sponsor. The paid aspect of this definition reflects the fact that the space or time for an advertising message generally must be bought. An occasional exception to this is the public service announcement, whose advertising space or time is donated by the media. Advertising is the best-known and most widely discussed form of promotion, probably because of its pervasiveness. It is also very important promotional tool, particularly for companies, whose products and services are targeted at mass consumer markets. It is a very cost-effective method for communicating with large audiences. It can be used to create brand images and symbolic appeals for a company or brand.
Direct Marketing:
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One of the fastest-growing sectors of the U.S. economy is direct marketing, in which organizations communicate directly with target customers to generate a response and a transaction. It has become such an integral part of the IMC program of many organizations and often involves separate objectives, budgets, and strategies, we view direct marketing as a component of the promotional mix. Direct Marketing is much more than direct mail and mail order catalogs. It involves a variety of activities, including database management, direct selling, telemarketing and direct response ads through direct mail, the Internet, and various broadcast and print media. One of the major tools of direct marketing is direct response advertising, whereby a product is promoted through an ad that encourages the consumer to purchase directly from the manufacturer.
Interactive/Internet Marketing:
Interactive media allow for the back-and-forth flow of information whereby users can participate in and modify the form and content of the information they receive in real time. Unlike traditional forms of marketing communications such as advertising, which are one-way in nature, the new media allow users to perform a variety of functions such as receive and alter information and images, make inquiries, respond to questions and of course make purchases. In addition to the Internet, other forms of interactive media include CDROMs, Kiosks, and interactive television.
Sales Promotion:
The next variable in the promotional mix is sales promotion, which is generally defined as those marketing activities that provide extra value or incentives to the sales force, the distributors, or the ultimate consumer and can stimulate immediate sales, promotion is generally broken into two major categories: Consumer-oriented and Trade-oriented activities sales
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Consumer-oriented sales promotion is targeted to the ultimate user of a product or service and includes couponing, sampling, premiums, rebates, contests, sweepstakes, and various point-of-purchase materials. Trade-oriented sales promotions are targeted towards marketing intermediaries such as wholesalers, distributors and retailers.
Publicity/Public Relations:
Publicity refers to non personal communications regarding an organization, product,
service, or idea not directly paid for or run under identified sponsorship. It usually comes in the form of a news story, editorial or announcement about an organization and its products and services. Like advertising, publicity is not directly paid for by the company. An advantage of publicity over other forms of promotion is its credibility. Another advantage of publicity is its low cost, since the company is not paying its time or space in a mass medium such as TV, radio or newspapers. Public relations are defined as the management function which evaluates public attitudes, identifies the policies and procedures of an individual or organization with the public interests and executes a program of action to earn public understanding and acceptance. publics. Public relations generally have a broader objective than publicity, as its purpose is to establish and maintain a positive image of the company among its various
Personal Selling:
It is a form of person-to-person communication in which a seller attempts to assist and persuade prospective buyers to purchase the companys product or service or to act on an idea. Unlike advertising, personal selling involves direct contact between buyer and seller, either face-to-face or through some form of telecommunications such as telephone sales. Personal selling involves more immediate and precise feedback because the impact of the sales presentation can generally be assessed from the customers reactions.
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Assembling the marketing mix means assembling the four Ps of marketing in the best possible combination. Involved in this process are the choice of the appropriate marketing activities and the allocation of the appropriate marketing effort/resources to each one of them. The firm has to find out how it can generate the targeted sales and profit. It considers different marketing mixes with varying levels of expenditure on each marketing activity and tries to figure out the effectiveness of different combinations in terms of the possible sales and profits. It then chooses the combination/mix of products, price, place and promotion that is best according to its judgment. Since marketing is essentially an interaction between the marketing mix and environmental variable, and since the latter and non-controllable, marketing becomes synonymous with assembling and managing the marketing mix. Of course, while assembling the marketing mix, the marketing manager will take due note of the environmental variables. Not only will he take due not of them, he will ensure that his marketing mix suits the environmental variables. And, its it factor that renders tha task much more complex. MARKEGING MIX: THE SOLE VEHICLE FOR CREATING AND DELIVERING CONSUMER VALUE The four elements mentioned above- product, distribution, promotion and pricing constitute the marketing mix of the firm. The marketing mix is the sole vehicle for creating and delivering customer value. It can be easily seen that all activities and programmes, which a marketer designs and caries out in his effort at winning customers, relate to one or the other of the above four elements- product, place, promotion and pricing. It can also be seen that in each of these elements, there are several sub-elements. For example, packaging is one of the sub-elements of product and warehousing is one of the sub-elements of distribution. The Four Ps of Marketing: It was James Culliton, a noted marketing expert, who coined the expression marketing mix and described the marketing manager as a mixer of ingredients. To quote
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him, `The marketing man is a decider and an artist a mixer of ingredients, who sometimes follows a recipe developed by others and sometimes prepare his own recipe. And, sometimes he adapts his recipe to the ingredients that are readily available and sometimes invents some new ingredients, or, experiments with ingredients as no one else has tried before. Subsequently, Niel H.Borden, another noted marketing expert, popularized the concept of marketing mix. It was Jerome McCarthy, the well-known American professor of marketing, who first described the marketing mix in terms of the four Ps. He classified the marketing mix variables under four heads, each beginning with the alphabet P. Product Place Price Promotion McCarthy has provided an easy-to-remember description of the marketing mix variables. Over the years, the terms Marketing mix and Four Ps of marketing have come to be used synonymously. Assembling and managing the marketing mix is the crux of the marketing task. And, it is through the marketing mix that the marketing manager achieves the marketing objectives.
abundance of strategies and strategy stances in their relentless race to stay ahead of
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competition. However, a close scrutiny will reveal that all these strategies can be fitted into two broad categories 1. PRICE ORIENTED MARKETING STRATEGY 2. DIFFERENTIATION ORIENTED MARKETING STRATEGY In other words, there are only two broad routes available for forging marketing strategies: any strategy has to be ultimately either a price-oriented strategy or a differentiation-oriented strategy.
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The differentiation route of strategy revolves around aspects other than price. It works on the principle that a firm can make its offer distinctive from all competing offers and win through the distinctiveness. And, a firm adopting such route can price its product on the perceived value of the attributes of the offer and not necessarily on competition-parity basis. Maximum scope for exploiting differentiation remains with the product. While all the 4Ps of marketing are important elements from the point of view of strategy, the other Ps normally go as elaborations of the offer, while the product forms its core. Product differentiation is of vital importance in product management and has great potential in forgoing successful marketing strategies. The product can be differentiated along two major planks: 1. Tangible product attributes and functions, 2. Intangible characteristics and emotional associations. The tangible product attributes and functions are Differentiation based on ingredients, Differentiation based on functional value, Differentiation based on additional features, Packaging contributing to differentiation, Differentiation based on Quality, Operational Efficiency, Technology, Service.
DIGITAL MARKETING:
Digital Marketing is the practice of promoting products and services using digital distribution channels to reach consumers in a timely, relevant, personal and cost-effective manner. Whilst digital marketing does include many of the techniques and practices contained within the category of Internet Marketing, it extends beyond this by including other channels with which to reach people that do not require the use of The Internet. As a
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result of this non-reliance on the Internet, the field of digital marketing includes a whole host of elements such as mobile phones, sms/mms, display / banner ads and digital outdoor.
EVANGELISM MARKETING:
It is an advanced form of word of mouth marketing (WOMM) in which companies develop customers who believe so strongly in a particular product or service that they freely
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try to convince others to buy and use it. The customers become voluntary advocates, actively spreading the word on behalf of the company. Evangelism literally comes from the three words of 'bringing good news' and the marketing term justly draws from the religious sense, as consumers are literally driven by their beliefs in a product or service, which they preach in an attempt to convert others.
Price-Offs Offer:
Price-off offers refers to offering the product at lower than the normal price. This encourages immediate sales, attracts non-users, induces product trail and counters competition.
Premium:
Premium refers to the offer of an article of merchandise as an incentive in or to sell the product.
Coupons:
In order to encourage product trail, stimulate re-purchase rate and build loyalty through news papaers.
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It is a type of point of purchase advertising which uses the show windows of the dealer for providing exposure to the sponsors products. Dealer participating enthusiastically and creatively are awarded
HARASSMENT STRATEGY:
The market leader firm will resort to an harassment strategy in order to promote its market share. As a part of this strategy, the leader form might approach the suppliers and threaten to reduce its purchases. If the latter supply the upstart firm, sometimes it might put pressure on distributors not to carry the competitors product. The salesman of leader firm
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might speak negatively about competitors. It may also try to hire away the better executives of an aggressive firm. Sometimes, the market leader firm will try to restrain these competitions through legal devices. It might push legislation that would be more unfavorable to the competitors than to itself. The aim of defensive strategy is to reduce the profitability of attack, divert attacks to less threatening areas, and lessen the intensity of attack. Any attack is likely to hurt profits. But the defenders form and speed of response can make an important difference in the profit consequences. There are 6 defense strategies that a dominant firm can use:
1. Position Defense:
The basic idea of defense is to build an impregnable fortification around ones territory. 2. Flank Defense: The market leader should not only guard its territory but also erect outposts to protect a weak front or possibly serve as an invasion base for counter attacking.
3. Preemptive Defense:
A more aggressive defense maneuver is to launch an attack on the enemy before the enemy starts its offense against the leader. Preemptive defense assumes that an ounce of prevention is worth more than a pound of cure.
4. Counteroffensive Defense:
Most market leaders, when attacked will respond counterattack. The leader cannot remain passive in the face of a competitors price cut, promotion blitz, product improvement, or sales territory invasion. The leader has the strategic choice of meeting the attacker frontally, maneuvering against the attackers flank, or launching a princer movement to cut off the attacking formation from their base operation. 5. Mobile Defense: Mobile defense involves more than the leader aggressively defending it territory. In mobile defense, the leader stretches it domain over new territories than serve as future centers for defense and offense.
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6. Contraction defense:
Large companies recognize that they can no longer defend all the territory. Their focus are spread too thin, and competitors are nibbling away on several funds. The best course of action then appears to be planned contraction (also called strategic withdrawal).
INNOVATION STRATEGY:
The market leader may innovate several strategies in respect of new product ideas, customer services, means of distribution, cost cutting discovery. In addition to these, a leader may discourage its competition particularly challenge firm.
FORTIFICATION STRATEGY:
In order to protect its market share, the market leader may try to keep it product prices reasonable in relation to the perceived valued of the offer and competitors offer. The leader produces it brand in a variety of sizes and firms.
CONFRONTATION STRATEGY:
If leader firm faces an extremely aggressive challenger, whose actions demand a quick and direct response. In such a situation, the market leader will engage any promotional war, engaging in a massive promotional expenditure that the aggressive challenger cannot match. The leader firm may engage in the price war whenever a new challenger is considering to enter in its market. This strategy will frighten the potential competitions and make then to withdraw from entering the market.
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India. Stiffer rear springs to enable negotiating the ubiquitous patholes on Indian roads. Changes in cooling requirement, with greater airflow to the rear. Higher resistance to dust.
Compatibility of engine with the quality of fuel available in India.
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Location of horn buttons on the steering vehicles. (As the India motorist uses the horn more
frequently, for cars sold in India, the horn buttons are kept on the steering wheel and not on a lever on the side as in the models sold in Europe.)
Family car segment: These cars forms a reasonably sizeable segment of the market (around 15 percent). Preferred price range is from 5 lakh to 6 lakh. FORD IKON AND FORD FUSION come under this type of segment.
Premium car segment: This segment represents buyers who need a real world-class car and are willing to pay the due price. Preferred price range starts from 8 lakh to 12 lakh. FORD FIESTA, FORD MONDEO come under this segment of cars.
SUV segment: The buyers of this segment like to have a big vehicles. And these cars are also useful for sport riding and even on hill areas. There body is designed similar to offroad vehicles, which can withstand to Indian roads. FORD ENDEAVOUR occupies this segment.
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In the first step the products of vehicles manufactured by the Ford Automotives are directly promoted by the manufacturer by himself. He follows many promotional strategies like 1. Advertising through television and newspaper. 2. Internet or interactive marketing. 3. Direct marketing. In the second step the dealer of the vehicles promotes the vehicles. The various promotional strategies followed by the Fortune Ford at dealer are 1. Advertising though news papers, radios, palm plates. In this all the features of the product and its prices are given in detail to the customer. 2. In televisions the scrolling are given about the product and its features.
Hoardings:
A heavy picture of the product which comprises of its attributes and special features are displayed on the roadsides in the form of hoardings. It is a bit expensive strategy but attracts many people who pass by that roadside. This type of advertisement is prepared for those segments of people who cannot afford their time in reading newspapers and watching televisions. While travelling from their home to office, moving on their business activities they may watch these hoardings. These hoarding are especially setup at the road signal stops.
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given discounts on group purchase of vehicles, i.e. if 5 or more friends in the group purchase the cars at a time then they are given special discounts on the vehicles.
Free Insurance:
The Fortune Ford gives a special offer of free insurance on the purchase of each vehicle to its new customers.
Relationship Marketing:
Fortune Ford pays a special attention towards its old customers. To retain the old and existing customers it conducts a corporate meet at a luxurious hotel. The event aims at knowing the problems of the customers regarding the vehicles and also service feedback. In this way it maintains an effective relationship with the customers and gains the reputation and goodwill in the minds of the customers.
Sales Promotion:
The sales promotion is done in the fortune ford at three levels:
1. Showroom sales: In this the customers walk in to the showrooms to know about the
showrooms give a detailed explanation about the product to the customers. Sales executives give a detailed note on the products features, various offers given by the manufacturer and also by the dealer to the customer and enhances the sales of the vehicles.
2. Corporate sales: A special team of sales executives are sent to some big corporate
sectors and there they personally meet the heads of the organizations like C.E.Os, Managers etc., and explain about the vehicles and the offers and special schemes provided by the dealer to them on bulk purchase of the vehicles and try to promote the sales of the vehicles.
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3. Field sales: The sales executives conduct some events with the corporate working
people and try to demonstrate the product features and its benefits and try to promote the product and increase its sales.
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Using a check list, the Sales Consultant delivers the vehicle in perfect condition when promised. Customers will be contacted within one week after delivery to ensure total satisfaction.
EXTENDED WARRANTY:
Fortune Ford gives an extended warranty to its customers where there will be an extended time duration in the warranty. What is Extended Warranty? Factory Warranty covers only for a specific period of time/mileage. After the factory warranty expires, customer is exposed to the risk of parts failures. This is applicable for any machine/equipment/vehicle. Extended Warranty:
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Is an extension of Factory Warranty Offers almost similar coverage as Factory Warranty Comes with a time-bound (eg. 1yr/2yrs but unlimited mileage cap) Covers all Mechanical and Electrical Failures Covers labour
Why is extended warranty needed? Offers peace of mind motoring Protects against unexpected and non-budgeted expenses Can be transferred, hence increases the resale value.
What does it NOT cover? Does not cover wear and tear of parts Does not cover scheduled service items Does not cover accident repairs Benefits to customer Protection from manufacturing and material defects Car can be repaired at any Ford out let across the country Unlimited number of claims No excess to pay One up-front payment only Inflation protection from rising costs of parts and labour All repairs carried out by qualified Ford technicians Warranty can be transferred when vehicle is sold better resale value Total peace of mind
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Total Maintenance Plan (TMP) is a complete service solution provided to the customer. This enables the customer to have total peace of mind in the form of a Maintenance Holiday What does it cover? Scheduled servicing like Engine Oil change, Fuel filter, Oil filter, Spark plugs etc. Non-scheduled maintenance like Brake Pads/Shoes, Brake Discs, Clutch Plates, Lower Suspension Arms, Shock Absorbers etc.. Mechanical/Electrical repairs Labour for all the above What does it NOT cover? Accident repairs Tyres Fuel
Benefits to the customer Total peace of mind Fixed price for next 2 to 3 years Increased residual value of the car Only Ford genuine parts are used Can avail this service across the country at all Ford authorized outlets Transferable Incase of total loss, can be cancelled Ford factory backed programme Diagnosis/repairs as per recommended standards and practices Vehicles serviced by Ford trained and certified technicians
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RESEARCH METHODOLOGY
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Simply, marketing research is the systematic design collection analysis and reporting of data finding relevant to a specific marketing situation facing the company. Carefully planning through all stages of the research is a necessity. Objectivity in research is all-important. objective gathering of the information. The function as marketing research with in the company as to provide the information and analytical necessary for effective. Planning of the future marketing activity. Control of the marketing operation in the present. Evaluation of marketing results. A research may under take any of the three types of research investigation depending upon the problem. These type of research included: 1. Basic research 2. Applied research 3. Designated Fact Gathering BASIC RESEARCH: It is also known as the pure fundamental research, which refers to those studies, sole purpose of which is the discovery of new information. It is conducted to extend the horizons on given area of knowledge with no immediate application to existing problems. APPLIED RESEARCH: It is attempt to apply the various marketing technique, which have been developed as research, first and later on they become applied research techniques. It is on attempt to apply the basic principles and existing knowledge for the purpose of solving operational problems. DESIGNATED FACT GATHERING: It refers to a research where the investigation attempts to gather some pre-determined data. STEPS IN MARKETING RESEARCH: The heart of scientific method is the
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Marketing research process can be out through following steps. Define the problems and research objectives Develops the research plan Collect the information Analysis and interpretation Present the finding.
RESEARCH METHOD:
It must be classified on the basis of the major purpose of the investigation. In this problem description studies have been undertaken, as the objective of the project is to conduct the market shares study to determine the share of market received by the company to the competitor.
DATA COLLECTION:
The information needed to further proceed had been collected through primary and secondary data.
PRIMARY DATA:
It consists of information collected for the specific purpose, survey research was used and he all the details of Ford and their competitors were contacted. Survey research is the approached gathering description and information.
CONTACTED METHOD:
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The information was solicited by administering structured questionnaire to the customer and dealers, thus getting to know directly from the dealers their sales before and after sales service.
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Analysed Survey Report 1. Which of the following Ford car you own? a) Fiesta b) Ikon c) Endeavour d) Fusion Data analysis:
Name of the car Fiesta Ikon Endeavour Fusion Total % of customers 49 27 15 9 100%
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Interpretation: This question is meant for taking the information regarding the most
preferred car in the Ford cars. From the above graph it is found that most preferred vehicle of Ford cars is Fiesta.
1. What do you like most about your Ford car? a) Style/design b) Comfort c) Ford brand d) Service Data analysis:
Customers preference Style/design Comfort Ford brand Service No of customers 9 23 13 5
Interpretation:
people.
towards the cars. From the data we can position our product to the comfort seeking group of
1. What do you feel great about your car when compared to other cars in the
market? a) Fuel efficiency b) Durability c) Low maintenance d) Sound quality e) Brand name
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Data analysis:
Customers perspective Fuel efficiency Durability Low maintenance Sound quality Brand name No of customers 2 7 9 12 20
Interpretation: From this question we can position the cars according to the customers
perspectives. Many of the Ford customers are buying the cars by seeing its Brand Name only. The no. of customers satisfied with the fuel efficiency are very low.
1. How did you come to know about this car before purchasing? a) From friends, relatives (buzz) b) Advertisements c) Car experts d) Sales persons visit e) Auto magazines
Data analysis:
Source of awareness Friends, relatives Advertisements Car experts Sales persons visit Auto magazines No. of customers 9 25 3 8 5
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Interpretation: Most of the Ford customers came to know about their vehicle through
advertisements only. The major media that attracted the customers is television.
1. Can you share your experience with after sale service support a) Very much satisfied b) Satisfied c) Ok d) Not satisfied Data analysis: Post service experience
Very much satisfied Satisfied Ok Not satisfied No. of customers 6 15 25 4
Interpretation: This question is prepared to know the service levels of the authorized
dealer. Most of the customers are just telling ok about the service. satisfied with the service given by the authorized service men. Only a very few customers are very much satisfied with the service. Even some of the customers are not
1. Where do you get your car serviced regularly? a) At authorized service centre
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Data analysis:
Place of service At authorized service centre At a local workshop near home No. of customers 41 9
Interpretation:
vehicles only at the authorized dealers. From this we come to know what the importance of authorized service centers for car is.
1. Which bank do you prefer in getting financial help while purchasing a car? a) ICICI b) HDFC c) SBI d) others
Name of the bank ICICI HDFC SBI Others No. of customers 21 6 20 3
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Interpretation: Most of the customers prefer ICICI and SBI banks for taking
financial help while purchasing a car. Customers are asking for 0% interest on financial help provided by the banks.
2. Which type of finance do you prefer? a) In house finance b) Out house finance
c) No difference between the
two
Data analysis:
Type of finance In house finance Out house finance No difference between the two No. of customers 30 12 8
Interpretation: To know the customers opinion about the finance and their interests
in preferring the finance from various sources, this question is prepared. Most of the customers prefer only In house finance compared to outhouse finance.
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Interpretation: From this analysis we come to know that most of the customers are
interested in watching televisions, which is a good media for communicating with people and delivering our intentions about product.
1.
a) National news channels b) Regional news channels c) Sports channels d) Entertainment channels Data analysis:
T.V. Channels National news channels No. of customers 10
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16 4 20
Interpretation:
customers towards T.V. channels. More than quarter of the sample size showed interest only on the entertainment channels and next preference goes to the regional news channels.
1.
a) Affordable by common man b) Affordable only by rich man c) Cant say Data analysis:
Customer opinion on pricelist of ford car Affordable by common man Affordable only by rich man Cant say No. of customers 6 42 2
Interpretation: More than 80% of customers think that Ford cars are affordable only
by rich men. These cars are too expensive for an economic/comman man of the society.
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1. What kinds of offers do you like or expect from the dealer? a) Free insurance b) Special discount on sale of cars c) Extending the service period d) Finance availability with 0% interest
Data analysis:
offers Free insurance Special discount on sale of cars Extending the service period Finance availability with 0% interest No. of customers 9 3 27 11
Interpretation:
promotional techniques/offers which attract the customers. From the above analysis many customers are expecting the extension in the service period from the various offers given to them.
1. What more do you expect from your dealer? a) Information about new cars b) Information about service and mileage c) Assistance regarding loans and insurance d) Understanding customer needs
Data analysis:
Expectations of customer Information about new cars No. of customers 2
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Information about service and mileage Assistance regarding loans and insurance Understanding customer needs
34 4 10
Interpretation:
and mileage regarding the cars from the dealer. From the above analysis we come to know about the customers expectations and their post purchase service demands from the dealer.
2. How do you feel when an unknown sales person approaches you by knowing your full details to demonstrate about any product? a) I will not respond b) Lost my privacy c) Interested in knowing (if I feel a need of it)
Data analysis:
Customer opinion I will not respond Lost my privacy Interested in knowing (if I feel a need of it) No. of customers 11 5 34
Interpretation:
opinion about the Data Bank maintenance by the Fortune Ford. In reply majority of the customers gave a positive reply by showing interest in knowing about the cars when a sales person gives a detailed description about the cars.
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1. Whats your opinion on a Brand Ambassador for the cars? a) Very necessary b) Not needed c) Waste of money for manufacturer
Data analysis:
Customer opinion on ambassador Very necessary Not needed Waste of money for manufacturer No. of customers 43 7 0
Interpretation:
Ambassador for a car in the customers point of view. Most of the Ford customers think that a Brand Ambassador is very necessary for promoting a car.
1. Whats your opinion about the previous Ambassador Abhishek Bachan for the car Ford Fiesta? a) Full filled the purpose b) Unable to attract customers
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Data analysis:
Customer opinion Full filled the purpose Unable to attract customers He was not apt for it No. of customers 38 10 2
Interpretation:
Ambassador Abhishek Bachan for the car Ford Fiesta full filled the purpose and he was able to increase the sales of the cars Fiesta.
1. Whom do you suggest as a right person for promoting a car? a) Sports person b) Film stars c) Car expert d) Any celebrity
Data analysis:
Customer suggestion Sports person Film star Car expert Any celebrity No. of customers 18 21 7 4
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Interpretation: Most of the customers of Ford suggest a film star as the best
ambassador. Because many of them get attracted only to their favorite film stars other than other brand ambassadors.
1. What other brand(s) did you seriously consider before making this car purchase? a) Hyundai b) Chevrolet c) Maruthi d) TATA e) Toyota
Data analysis:
Brand name Hyundai Skoda Maruthi Honda Toyota No. of customers 19 12 5 9 5
Interpretation: Most of the Ford customers are opting for Hyundai when they are
asked to consider a brand other than Ford. Skoda occupies the second place in their preference.
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SUGGESTIONS
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The quality of the sun proof coating used is of very low quality, vehicle colour is getting shaded very quickly. Please send the specially appointed feed back taking staff on Sunday evenings only. The sales people present in the showroom respond to us properly when we come to purchase a new car, but they do not respond when we come to tell our problems regarding the cars.
questionnaire
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QUESTIONNAIRE:
Name : Contact no. Address: E-Mail address:
1. Which of the following Ford car you own? a) Fiesta b) Ikon c) Endeavour d) Fusion 1. What do you like most about your Ford car? a) Style/design b) Comfort
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c) Ford brand d) Service 1. What do you feel great about your car when compared to other cars in the market? a) Fuel efficiency b) Durability c) Low maintenance d) Sound quality e) Brand name 1. How did you come to know about this car before purchasing? a) From friends, relatives (buzz) b) Advertisements c) Car experts
d) Sales persons visit
e) Auto magazines 1. Can you share your experience with after sale service support a) Very much satisfied b) Satisfied c) Ok d) Not satisfied 1. Where do you get your car serviced regularly? a) At authorized service centre b) At a local workshop near my home 1. Which bank do you prefer in getting financial help while purchasing a car?
a) ICICI
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b) HDFC c) SBI d) others 2. Which type of finance do you prefer? a) In house finance b) Out house finance c) No difference between the two 1. To which media do you get expose regularly? a) Televisions b) Magazines c) News papers d) F.M/Radio 1. Which kind of T.V. channels do you watch regularly? a) National news channels b) Regional news channels c) Sports channels d) Entertainment channels
1. Whats your opinion on the price list of Ford cars? a) Affordable by common man b) Affordable only for rich man c) Cant say 1. What kinds of offers do you like or expect from the dealer? a) Free insurance b) Special discount on sale of cars
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c) Extending the service period d) Finance availability with 0% interest 1. What more do you expect from your dealer? a) Information about new cars b) Information about service and mileage c) Assistance regarding loans and insurance d) Understanding customer needs 2. How do you feel when an unknown sales person approaches you by knowing your full details to demonstrate about any product? a) I will not respond b) Lost my privacy c) Interested in knowing (if I feel a need of it) 1. Whats your opinion on a Brand Ambassador for the cars? a) Very necessary b) Not needed c) Waste of money for manufacturer 1. Whats your opinion about the previous Ambassador Abhishek Bachan for the car Ford Fiesta ? a) Full filled the purpose b) Unable to attract customers c) He was not apt for it.
1. Whom do you suggest as a right person for promoting a car? a) Sports person
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1. What other brand(s) did you seriously consider before making this car purchase? a) Hyundai b) Skoda c) Maruthi d) Honda e) Toyota
Thanks for taking the time to fill out this questionnaire and for providing valuable information which will be used for my project work, market research studies and reports. We do not share or sell your name, address or any other data with any outside company for any purpose.
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BIBLIOGRAPHY
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BIBLIOGRAPHY
REFERANCE BOOKS:
MARKETING MANAGEMENT ADVERTISING AND PROMOTIONS V.S.RAMASWAMY AND S.NAMAKUMARI GEORGE E.BELCH & MICHAEL A. BELCH
WEBLIOGRAPHY::
www.fordindia.com www.fortuneford.com www.wikipedia.com www.google.com
AUTO MAGAZINES:
AUTOCAR
OVERDRIVE
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