Docshare - Tips Marketing Strategy of Maruti Report
Docshare - Tips Marketing Strategy of Maruti Report
I give my regards and sincere thanks to Dr. MANISHA (Assistment professor) who
has devoted his precious time in guiding me and helping me it with in time. I am
indebted to the Bank employees who supported me in handling my queries. I feel
self-short of words to thanks my parents and friends who had directly or indirectly
instrumental in the completion of the project.
PREFACE
I hereby declare that the following documented project report titled “ MARKETING
STRATEGY OF MARUTI SUZUKI (PVT) LIMITED .” is an original and authentic
work done by me for the partial fulfillment of Master of Business Administration degree
program
I hereby certify that all the Endeavour put in the fulfillment of the task are genuine and
original to the best of my knowledge & I have not submitted it earlier elsewhere.
Manoj Kumar
MBA(Gen.)Final
ROLL NO.-41
USM(KUK)
EXECUTIVE SUMMARY
In this project we are trying to find the marketing strategies done by Maruti Suzuki and
we are also trying to study the sales trend followed by Maruti Suzuki. In our study
we had followed different method to find and analyze the data we are using primary
data as well as secondary data. Before our study lots of study is being done but no
one had tried to research on Maruti Suzuki marketing strategies and its effect on
sales trend. We had used the questionnaire method to study the Maruti sales trend we
had asked question to dealers. What modification should Maruti make in its cars to
take an edge over competitors? We are also using secondary data to analyze the sales
trend of Maruti Suzuki. In which we had studied the Maruti shares condition in the
market. Its profit and lose its market share and many more. We had analyzed where
Maruti having an edge over competitor and where it is lacking behind. How it would
improve its sales trend. What are strategies for the future prospects of Maruti in
Indian cars market.
TABLE OF CONTENTS
S.NO. TITLE
2. RESEARCH METHODOLOGY
6. SUGGESTIONS
8. BIBLIOGRAPHY
9. ANNEXURE
Two things that stunted growth of this industry in the past have been low demand and
lack of vision on the part of the original equipment manufacturers (QEMs). However, the
demand picked up after the liberalization of the regulatory environment, and global
QEMs- who enjoy scale economies both in terms of manufacturing and research and
development (R&D) - entered the Indian market. This has resulted in a big shift in the
way business is conducted by suppliers, assemblers and marketers.
PASSENGER CAR INDUSTRY IN INDIA: HIGHLIGHTS
Passenger car sales are expected to increase at a compound annual growth rate (CAGR)
of 8% over the period FY2004-2007. The six broad segments in the car market today
are- Mini, Compact, Midrange, Executive, Premium and Luxury. In the medium term,
growth in the Indian passenger car industry is expected to be led largely by the
Compact and Mid-range Segments.
The critical success factor has changed from price to price value.
In terms of engine capacity, the Indian passenger car market is moving towards cars of
highest capacity.
With the launch of new models from FY2000 onwards, the market for MUVs has been
redefined in India, especially at the upper end. Currently, the higher-end MUVs,
commonly known as Sports Utility Vehicles (SUVs), occupy a niche in the urban
market. With the success of SUVs, the line of distinction between passenger cars and
MUVs in the Indian market is getting increasingly blurred.
Domestic car manufacturers are now venturing into areas such as car financing, leasing,
and fleet management, and used-car reconditioning /sales, to complement their
mainstay-business of selling new cars.
TRENDS IN THE INDIAN PASSENGER CAR INDUSTRY
Industry Components:
Regulatory Tierisation;
framework: Tyres: Radials,
Deregulation; Retreading
De licensing;
Removal of QRs; Structure of
Introduction of strict demand: Materials: Low
Emission norms Change in industry weight; Synthetic
segmentation Composites
KEY DEVELOPMENTS IN THE INDUSTRY
During April – August 2006, the passenger car sales in India at 332159 units, marked a
growth of 5.3%over the previous year. The growth in the domestic sales of passenger cars
was led by strong growth in volumes reported by compact and mid – size segments.
While the share of mini and executive segments declined in the period under study, the
share of other segments increased. For instance, the share of compact segment in the
domestic car sales increased from 59.7% in April – August 2005 to 64.9% in April
August 2006, mid – size segment from 20.5% to 22%, and the share of Premium segment
was stagnant at 0.7% in the same period.
KEY DEMAND DRIVERS
Traditionally, disposable income was perceived as the key factor driving passenger car
demand. But over time, other factors that are known to have an impact on demand have
High degree of correlation between PER
CAPITA INCOME and demand for cars,
increase in the number of people crossing
the income threshold, and CHANGING
CONSUMER PROFILE are likely to There is a high
increase and change the structure of degree of
demand. correlation
between the
demand for cars
and ECONOMIC
GROWTH.
The Central
Government’s AUTO
POLICY on excise CAR
and customs is an DEMAND
important aspect Availability of
affecting the demand NEW MODELS
and supply of cars. is likely to
increase and
change the
structure of
demand.
A mature USED CAR
MARKET would, on one
hand, encourage AVAILABILITY OF CHEAP Competitive
consumers to trade in their FINANCE is a key PRICING is
cars faster, and on the determinant of demand as crucial for gaining
other, eat well into the most cars (around 60%) market share,
share of new cars. purchased in India are especially in the
financed. small car segment.
Segment Analysis
consumer profiles.
of new technologically superior models, increasing levels of urbanization and changing
services, availability of cheap finance, development of the used-car market, introduction
emerged. These include the need for greater mobility, non- availability of public transport
PRE
COMPAC EXECUTI MIU LUXUR
MINI T MID-SIZE VE M Y
4701-
Vehicle Length <3400mm 3401-4000 4001-4500 4501-4700 5000 >5000
800 Alto Esteem
Omni Zen Baleno
Wagon R Altura
Maruti Udyog Ltd Versa
Hyuindai Motor Elantr
India Ltd Santro Accent a Sonata
Ambassado
r Contessa
Hindustan Motors
Mitsubishi
Ltd Lancer
Palio Siena
Fiat India
Uno Adventure
Automobile Ltd Weekend
Corsa Sail Opel Corsa Opel Vectra
General Motors
Opel Astra
India Ltd Opel Swing
Honda Siel India Accor
Ltd City d
Monde
Ford India Ltd Ikon o
TELCO Indica Indigo
Merce
Mercedes des
Benz C Benz Mercedes
DalmierChrysler Class,M E Benz S
India Ltd Class,SL Class Class
Skoda India Ltd Octavia
Toyota Kirlosker
Motor Ltd Corolla Camry
1.2 COMPANY PROFILE
Maruti Suzuki is one of India's leading automobile manufacturers and the market
leader in the car segment, both in terms of volume of vehicles sold and revenue earned.
Until recently, 18.28% of the company was owned by the Indian government, and 54.2%
by Suzuki of Japan. The Indian government held an initial public offering of 25% of the
company in June 2003. As of May 10, 2007, Govt. of India sold its complete share to
Indian financial institutions. With this, Govt. of India no longer has stake in Maruti
Udyog.
Maruti Udyog Limited (MUL) was established in February 1981, though the
actual production commenced in 1983. Through 2004, Maruti has produced over 5
Million vehicles. Marutis are sold in India and various several other countries, depending
upon export orders. Cars similar to Marutis (but not manufactured by Maruti Udyog) are
sold by Suzuki in Pakistan and other South Asian countries.
The company annually exports more than 30,000 cars and has an extremely large
domestic market in India selling over 500,000 cars annually. Maruti 800, till 2004, was
the India's largest selling compact car ever since it was launched in 1983. More than a
million units of this car have been sold worldwide so far. Currently, Maruti Alto tops the
sales charts.
Due to the large number of Maruti 800s sold in the Indian market, the term
"Maruti" is commonly used to refer to this compact car model. Till recently the term
"Maruti", in popular Indian culture, was associated to the Maruti 800 model.
It’s manufacturing facilities are located at two facilities Gurgaon and Manesar
south of New Delhi. Maruti’s Gurgaon facility has an installed capacity of 350,000 units
per annum. The Manesar facilities, launched in February 2007 comprise a vehicle
assembly plant with a capacity of 100,000 units per year and a Diesel Engine plant with
an annual capacity of 100,000 engines and transmissions.
Manesar and Gurgaon facilities have a combined capability to produce over 700,000
units annually. More than half the cars sold in India are Maruti cars. The company is a
subsidiary of Suzuki Motor Corporation, Japan, which owns 54.2 per cent of Maruti. The
rest is owned by the public and financial institutions. It is listed on the Bombay Stock
Exchange and National Stock Exchange in India.
During 2007-08, Maruti Suzuki sold 764,842 cars, of which 53,024 were
exported. In all, over six million Maruti cars are on Indian roads since the first car was
rolled out on December 14, 1983.
Maruti Suzuki offers 10 models, ranging from the people’s car, Maruti 800, for
less than Rs 200,000 ($ 5000) ex-showroom to the premium sedan SX 4 and luxury SUV,
Grand Vitara.
Suzuki Motor Corporation, the parent company, is a global leader in mini and
compact cars for three decades. Suzuki’s technical superiority lies in its ability to pack
power and performance into a compact, lightweight engine that is clean and fuel efficient.
The company vouches for customer satisfaction. For its sincere efforts it has been
rated (by customers)first in customer satisfaction among all car makers in India for seven
years in a row in annual survey by J D Power Asia Pacific.
1. Maruti 800: Launched 1983. Largest selling car in India, until 2004. Cheapest car
in India. 3 Face-Lifts.(P)
2. Maruti Omni: Launched 1984. 2 Face-Lifts.(P)
3. Maruti Gypsy: Launched 1985.(P)
4. Maruti Wagon-R:Launched 1999, 2 Face-Lifts.(P)
5. Maruti Alto: Launched 2000. Currently the largest selling car in India. 1 Face-
Lift.({{Tooltip|P|Petrol
6. Maruti Versa(2003-) (P)
7. Maruti Zen Estilo(2005-) (P)
8. Maruti Suzuki Swift 1 very small face-lift(2006- ) (P & D)
9. Maruti Suzuki SX4 (May 2007- ) (P & D)
10. Maruti Grand Vitara Sports Utility Vehicle Launched in (July 2007- ).
Imported(P)
11. Maruti DZiRE Sedan Version of swift launched in (March 2008- ) (P)
12. Suzuki Splash
13. Suzuki A-Star
14. Maruti Omni Face-Lift in 2009
15. New Mini-SUV in 2010 Likely to be a four-door Jimny.
16. New Luxury Sedan in 2010 Likely to be a production version of the Kizashi
17. New Swift in 2011
18. New Alto 800 2012
GENERAL DISCRIPTION OF MODELS
MARUTI 800:-
MARUTI OMNI :
The Maruti Omni is a microvan manufactured by Indian automaker Maruti Udyog
Limited. The first version of Maruti Omni had the same 796 cc engine as the Maruti 800
city car. This was the second vehicle to be launched by Maruti, one year after the 800, in
1984. Later version of the Omni includes the
Omni Cargo LPG - 2004, created to answer the growing popularity of this car
being used as an inter-city cargo vehicle.
Omni LPG - 2003, same 796 cc engine, added with a factory fitted LPG Kit, authorised
by the Indian RTOs (Regional Transport Offices). This makes it the most economic 4
wheeler in India, as far as the driving costs are concerned
MARUTI GYPSY
MARUTI WAGON-R
MARUTI ALTO
MARUTI VERSA
The MARUTI Suzuki Swift is name plate marketed by Suzuki carried by vehicles of
three distinct derivations:
Currently this varient is hot seller in India in the mini car segment.
The Suzuki Grand Vitara is a compact SUV, namely a long-wheelbase version of the
Vitara, produced by the Japanese automaker Suzuki since 1999. It was face lifted in 2002
and 2004, and redesigned in 2006. A rebadged version was sold in North America by
General Motors as the Chevrolet Tracker. The Tracker is sold in Latin America, but
Mexico, as Chevrolet Grand Vitara. In Mexico, Grand Vitara and Tracker are different
vehicles, sold by Suzuki and Chevrolet respectively The 2006 model has had a structural
redesign with a new ladder-boxed chassis integrated into a unibody construction. In India,
it is sold as a Maruti.
MARUTI SUZUKI ZEN-ESTILO
Strengths Weakness
Opportunity Threats
Rise of Indian middle class and Many players fighting for the
small cities same cake
A booming economy Entry of new players
Rising exports Cannibalism
1.3 STUDY OF TOPIC
The marketing strategy of the Maruti Suzuki Pvt. Ltd. can be measured from the
following story:
Just three months after it launched Swift, Maruti Udyog Limited has already sold over
8,000 units of the car and added another 5,000 next month. There's a four-month waiting
period for the 1,298-cc hatchback -- the company claims more than 9,000 bookings
before the car was launched. And that's even while competitors -- Corsa Sail, Hyundai
Getz and Fiat Palio -- are available off the shelf. Not surprisingly, MUL now has a lot
riding on the car: there's over Rs 440 crore (Rs 4.40 billion) invested in the project (Rs
250 crore-odd is MUL's share). Not only is the company hoping that the Swift will help
expand the market for the B-plus segment (premium hatchbacks), it's also counting on
Swift to make a style statement -- that Suzuki can deliver good-looking cars on Indian
roads. For a company that has been known more for its value-for-money proposition --
from the 800 to the Esteem -- that's important. "It's not as if our cars weren't style
statements. It's just that with Swift, we have made a break from the past," reveals a
company official.
PRODUCT
There are number of products ( models )
Of Maruti are in the market. Some of the models are given below:-
M – 800, Zen, Esteem, Omni, Alto, Gypsy, Wagonr,Grand Vitara etc. These products are
divided on the basis of product quality, variety, design, features etc.
They define different factors:
The quality of product.
The product variety from different categories.
The size of the car according to current or future market conditions.
The car features to the customer like, car looking very good.
PRICE
The price of the Maruti car is between Rs. 210000 to Rs. 1500000. Maruti – 800 is the
lowest price car of this company. Alto, Omni, Wagonr, are also the low price car
of the company, Zen & Esteem are the mid price car of the company. But Grand
Vitara is the high price model of the company . The price of car are decided
according to its product Varity, quality, design etc.
SWIFT
Specifications Transmission Type Manual Fuel Type Petrol Seating Capacity5 Gearbox5
Speed Engine Description1.3L 87bhp AlTec32 engine Engine Displacement1,298
ccMileage-City12.2 kmplMileage-Highway16.1 kmpl Maximum Power88.2@6000
(PS@rpm) Maximum Torque11.5@4,500 (kgm@rpm)
Ex-Showroom Price :Rs. 3,94,466 to Rs. 4,20,974
GRAND VITARA
PLACE
PROMOTION
Main promotion of car is done by the Advertising. The advertising is mainly done in the
form of different T.V. channels, different newspaper, holdings etc. Now days the main
promotion is done by the brand ambassadors such as film stars, celebrities, sportsmen,
etc. And in this case they decide his actual or required sales forces for selling its car. And
they maintain customer relationship. And they do direct marketing
2. RESEARCH METHODOLOGY
The purpose of methodology section in the report making is to describe the research
process that is followed while doing the main part. This would however include the
research design, the sampling procedure, and the data collection method. This section is
perhaps difficult to write as it would also involve some technical terms and may be much
of the audience will nor be able to understand the terminology used. The methodology
followed by the researcher, during the preparation of the report was:
Research Design
A research design is purely and simply the framework or plan for a study that guides the
collection and analysis of data. The survey research was used in this project, because
consumer’s feedback was necessary for obtaining the data.
Research Instrument
For doing the survey research, structured questionnaire for dealers with both open-ended
and closed-ended questions was used.
Objectives of study
The present study of the marketing strategy of the Maruti Suzuki (Pvt.) Limited revolves
around the following broad objectives:
SAMPLE DESIGN
While developing a sample design, following points should be kept in mind:
Size of the sample: This refers to the number of items to be selected from the
universe to constitute a sample. This is a major problem before a researcher. The
size of the sample should be neither is excessively large, nor too small. it should
be optimum
An optimum sample is one which fulfills the requirements of efficiency,
representatives, reliability and flexibility
45 people have been interviewed to know their opinion about the marketing strategy of
maruti Suzuki.
DATA COLLECTION
Primary Data
Primary data is that kind of data which is collected directly by the investigator himself for
the purpose of the specific study. Primary Data is collected by the investigator through
interviews of company employees, vendors, distributor etc. Data such collected is
original in character. The advantage of this method of collection is the authentic.
A questionnaire of about 50 questions was made and it was given to the dealers to
fill it up for our research.
The research was a kind of conclusive and exploratory research as it helps in the
testing of hypothesis. The method of sampling was the convenience sampling
method as it is unbiased.
Secondary Data
When an investigator uses the data that has been already collected by others, is called
secondary data. The secondary data could be collected from Journals, Reports, libraries,
magazines, fair & conference and other publications. The advantages of the secondary
data can be –It is economical, both in terms of money and time spent .The researcher of
the report also did the same and collected secondary data from various internet sites like
www.google.com, www.airtel.com, www.hutch.co.in and many more. The researcher of
the report also visited various libraries for collection of the introduction part.
DATA ANALYSIS
Primary data is being analyses with the help of graph , chart and diagram.
CHAPTER-3
DATA ANALYSE AND
INTERPRETATION
3. DATA ANALYSIS & INTERPRETATION:-
INTERPRETATION:
As regard to market boom and the respondents awareness level about this, nearly 82% of
the respondents are aware about the market boom in the present economy, while the rest
18% are not aware about any market boom. The awareness level is high among the
middle and the upper middle class, and particularly among the business class and the
traders. One of the interesting finding of the study was that many respondents confuse
between inflation and market growth. Respondents belonging to lower middle and middle
class confuse whether price rise has anything to do with the automobile industry
scenario.
INTERPRETATION:
28% respondents are only direct sales method and 18 % are to choose indirect sales
method and 54% respondents are to choose both of these direct sales method or indirect
sales method.
3. Do you think Advertisement is an effective method of selling your automobile
products?
(iv) Yes------------------------------------------------- 45 percent
(v) No----------------------------------------------------- 18 percent
(vi) Do not know/ Cannot say-------------------------27 percent
INTERPRETATION:
45 % respondents is to say yes that Advertisement is an effective method of selling and
18% are not effective advertisement and remaining 27% are can’t say about this.
5. Do you think that branding helps in the marketing of your automobile products?
(xi) Yes------------------------------------------------- 34 percent
(xii) No----------------------------------------------------- 27 percent
(xiii) Do not know/ Cannot say-------------------------39 percent
INTERPRETATION:
34% respondents is say that yes branding helps in the marketing of automobile products
and 27% is say no and remaining 39% is can’t say about this.
6. Do you think that auto fairs are effective methods of sale promotion?
(xiv) Yes------------------------------------------------- 55 percent
(xv) No----------------------------------------------------- 12 percent
(xvi) Do not know/ Cannot say-------------------------33 percent
INTERPRETATION:
55% respondent say that yes auto fair are effective methods of sales promotion and 12%
response is no and remaining 33 % can’t say about this.
7. Do you think that Foreign Direct Investment (FDI ) should be allowed in the auto
mobile sector in India?
(xvii) Yes------------------------------------------------- 34 percent
(xviii) No----------------------------------------------------- 32 percent
(xix) Do not know/ Cannot say-------------------------34 percent
INTERPRETATION:
34% respondent say that yes Foreign Direct Investment (FDI ) should be allowed in the
auto mobile sector in India 32% say no and remaining 34% can’t say about this.
(i) Yes
------------------------------------------------------------------------ 74 percent
(ii) No
-------------------------------------------------------------------------- 05 percent
(iii) Do not know/ Can not say
--------------------------------------------- 21 percent
INTERPRETATION:
74% respondent say that yes branding of products as a Marketing strategy and 5% say
that no and remaining 21% can’t say about this.
9. Does branding of products helps to improve the marketing potential of your
products?
INTERPRETATION:
68% respondents say that yes branding of products helps to improve the marketing
potential of products and 12% say no and r remaining 20% can’t say about this.
10. Future of the automobile industry in India.
INTERPRETATION:
75% respondent say that in future in automobile industry the boom will continue and
12% say that the boom is a temporary economic situation and remaining 13% can’t say
about this.
11. Major Weakness of Maruti Suzuki’s Marketing strategy.
Branding ------------------------------------ 14 per cent
Publicity ----------------------------------------- 09 percent
Infrastructure assessment and Development -------------------------------- 77 percent
INTERPRETATION:
14% respondents say that branding is Major Weakness of Maruti Suzuki’s Marketing
strategy and 9% say publicity and remaining 77 % say that Infrastructure assessment and
Development are is Major Weakness of Maruti Suzuki’s Marketing strategy.
12. How do the Foreign Automobile Companies affect the prospects of the domestic
players in the Indian market?
(i) 32 percent ------------------------------ have reduced the profit margin of the
domestic players
(ii) 53 percent ---------------------------------- have made the automobile industry
more competitive.
(iii) 07 percent ------------------------------- do not have significant effects on the
domestic players operating in the automobile industry
(iv) 08 percent ------------------------------- do not know / can not say
INTERPRETATION:
32 % respondents say thatit have reduced the profit margin of the domestic players and
07 % say that it do not have significant effects on the domestic players operating in the
automobile industry53 % say that it have made the automobile industry more competitive
and remaing 8% can’t Say about this.
INTERPRETATION:
75 % respondents say that Maruti Suzuki is gradually spreding its wings and being a
very big company has the capacity to absorb short term losses, hence has a very good
prospect for the future market in India and 20 % say that Its future is like any other
private automobile companies in India and remaining 5% can’t say about this.
14. Which is the major factor to increase the sale of your products?
(i) Only Brand ----------------------17percent
(ii) Demand-Supply factors ------35 percent
INTERPRETATION:
17% respondents say that only brand is the major factor to increase the sale of products
and 35% say demand supply factor and 23 5 prefer the quality and remaining 25 % can’t
say about this.
15. Do you think brand extension is necessary for the company?
(i) 78 percent --------------------------------- Yes
(ii) 04 percent -------------------------------- No
(iii) 18 percent -------------------------------- Do not know / Can not say
INTERPRETATION:
78% respondents say that yes brand extension is necessary for the company and 4% say
that no and remaining 18% can’t say about this.
16. Which are the products of the company that are favourite among the customers?
(i) 55 percent --------------------- Quality based
(ii) 30 percent ---------------------Economical/ Cheap
(iii) 06 percent ---------------------- Branded
(iv) 09 percent ------------------------ Do not know /Can not say
INTERPRETATION:
55% respondents say that quality products are favourite and 30% say that economical;
product are favourite and 6% say that branding products are favourite and remaining 9%
can’t say about this.
4. FINDINGS OF THE STUDY
To find the awareness of boom in the market then in our study 82% of the
respondents are aware about the market boom in the present economy .
To find what method do you follow for marketing of your products then in our
study 28% respondents are only direct sales method and 18 % are to choose
indirect sales method.
To find What method do you follow for marketing of your products then in our
study 45 % respondents is to say yes that Advertisement is an effective method of
selling and 18% are not effective advertisement.
To find What type of advertising will be helpful in increasing salability of your
auto products then in our study 34% respondent is to say that product specific
advertising will be helpful in increasing salability of your auto products and 22%
say company specific 17% to say personality oriented is helpful.
To find that branding helps in the marketing of your automobile products then in
our study 34% respondents is say that yes branding helps in the marketing of
automobile products and 27% is say no.
To find that auto fairs are effective methods of sale promotion then in our study
55% respondent say that yes auto fair are effective methods of sales promotion
and 12% response is no.
To find that Foreign Direct Investment (FDI ) should be allowed in the auto
mobile sector in India then in our study 34% respondent say that yes Foreign
Direct Investment (FDI ) should be allowed in the auto mobile sector in India
32% say no.
To find that branding of products as a Marketing strategy then in our study 74%
respondent say that yes branding of products as a Marketing strategy and 5% say
that no.
To find that branding of products helps to improve the marketing potential of your
products then in our study 68% respondents say that yes branding of products
helps to improve the marketing potential of products.
To find that Future of the automobile industry in India then in our study 75%
respondent say that in future in automobile industry the boom will continue and
12% say that the boom is a temporary economic situation .
To find that Major Weakness of Maruti Suzuki’s Marketing strategy then in our
study 14% respondents say that branding is Major Weakness of Maruti Suzuki’s
Marketing strategy and 9% say publicity and remaining 77 % say that
Infrastructure assessment and Development are is Major Weakness of Maruti
Suzuki’s Marketing strategy.
To find that brand extension is necessary for the company then in our study 78%
respondents say that yes brand extension is necessary for the company and 4%
say that no.
To find that Which are the products of the company that are favourite among the
customers then in our study 55% respondents say that quality products are
favourite and 30% say that economical; products.
5. CONCLUSION
Maruti Udyog Ltd., a joint venture between the Government of India and the Suzuki
Motor Corporation of Japan was India’s largest automobile company in 2005. It operated
in the passenger vehicle market and manufactured affordable and fuel efficient cars for
the Indian masses. Maruti 800 was its flagship small sized car and was the best selling car
in India since decades. In 2005, Suzuki launched their global car ‘Swift’ in international
markets and later in India. Swift was the first stylish compact car from the stable of
Maruti and was a differentiator from its earlier products. The launch of Swift had brought
Maruti in lime-light and various global international automobile manufacturers
announced their plans to boost their investments in India and launch competing cars. The
competition was expected to intensify to grab the burgeoning customer base. The Indian
car market currently appears to be at a crossroads, where car marketers are attempting to
change customer perceptions of their brands and where specific buying motivations
appear to be replacing generalities.
This meanwhile, is quite unlike the west where buyers consider aesthetics, comfort and
safety, not necessarily in that order, before finalising a purchase. “It’s smarter to think
about emotions and attitudes, if marketers are to do a better job of marrying what a car
offers to the consumer’s image of the offerings.
6. SUGGESTION
World Class Quality standards maintained for PPP (People, Processes &
The message should to the customers be sent in these components only to have
With the fast growing economy the pricing strategy needs to be tackled with care
Due to the following unavoidable and uncontrollable factors the results might not be
accurate. Some of the problems might face while conducting the survey are as follows:
Certain open-ended questions have been put in the questionnaire to give
respondents freedom to express their perception.
Time and cost constraints were also there
Chances of some biasness couldn’t be eliminated.
A sample size of 45 has been used due to time limitations.
The data has been collected from Gurgaon(North) and there the perception
of the people from the smaller towns could not be judged
All the data has been collected at random but it is always liable from
biasness.
The primary data has been collected from the middle and upper section of
the society.
8. BIBLIOGRAPHY
Business World
The Economist
Economic Times
Autocar Indias
9. ANNEXURE
QUESTIONNAIRE
18. Do you think brand extension is necessary for the company? If yes, why?
78 percent --------------------------------- Yes
04 percent -------------------------------- No
18 percent -------------------------------- Do not know / Can not say
19. Which are the products of the company that are favourite among the customers?
Please give the reasons as you think.
55 percent --------------------- Quality based
30 percent ---------------------Economical/ Cheap
06 percent ---------------------- Branded
09 percent ------------------------ Do not know /Can not say
20. Do you see the probability of a separation between Maruti and Suzuki in future?
Yes ------------------------------------------------------------------ 18 percent
No -------------------------------------------------------------------- 74 percent
Do not know/ Can not say ------------------------------------------ 08 percent