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Chapter No:1 Chapter No:2 Chapter No:3 Chapter No:4 Chapter No:5 Chapter No:4 Chapter No:5 INTRODUCTION COMPANY PROFILE PRODUCT PROFILE BAJAJ PLATINA -A LAY OUT CONSUMER BEHAVIOUR OBJECTIVES DATA ANALYSIS & INTERPRETATIONS Chapter No:6 Chapter No:7 Annexure : FINDINGS SUGGETIONS QUESTIONNAIRE BIBLIOGRAPHY
From dawn to dusk, day to day, in everyones life, activities carried out by man involve moving from one place to another. This may be either goods or man himself. All the wants and needs of men are not available at arms distance and also it is not possible for any one to build a world for him. To meet those needs and wants, transportation has become necessary in every ones life. Inventions by earlier man are the result of todays most sophisticated, convenient and the state-of-art. Technology in auto mobiles on the Indian as well as foreign roads. With the population increasing rapidly, the automobiles industry also gained momentum. Not to mention, now auto mobiles have been replaced as luxury item to one of the basic amenities in life. It was about hundreds of years ago, when man used a pair of logs and sheet of wood or other natural material placed on the logs for moving things from one place to another and after the wheel was invented by the Lord Potter, further the developments took place in this direction and manually operated carts were seen as tool for transportation and then the animal pulled carts and so on. Many developments could be seen talking place at a rapid pace when Ford with his brilliant invention, brought a great revolution in the transport and automobile industry. Ford for the first time was successful in inventing a power driven vehicle.
The growth and momentum generated in the later half of eighties is significant with growing needs and demands. Various types of vehicles were produced in parallel to suit the changing tastes and developed the most convenient and comfort vehicle models one after the other. If India is to accelerate industrial growth and achieve a major share in its composition of exports in favour of added products, industries like automobiles have to assume a responsibility.
COMPANY PROFILE
The Companys second plant was set up in 1984 at Aurangabad, in Maharastra State. In this plant, scooter production commenced in 1986;three wheelers production commenced in 1987 and scooterettes and motorcycle facilities were commissioned in 1991 respectively. From 1961 when the annual production was about 4000 units, today the Company has become a market leader with annual production in excess of 1.35 million units and with product offerings in all segments (mopeds &, scooters, motorcycles, three wheelers). Bajaj has also stretched its footprints to wide range of industries, spanning automobiles, home appliances, lighting, iron and steel, insurance, travel and finance etc.
BAJAJ-KAWASAKI
Bajaj Auto has a technical tie-up with Kawasaki Heavy Industries of japan to produce a range of the latest, state-of-art two-wheelers in India. Since the tie-up in 1986, Bajaj Auto has launched KB 100, KB RTZ, KB 125,4S, 4S Champion, Boxer, Caliber 115, Wind 125 and Indias first real cruiser bike, the Kawasaki Bajaj Eliminator. A Fortune 500 company with a turnover of USD 10 billon (Rs.45,84 crore), Kawasaki Heave Industries has crafted new technologies for over a hundred years. These technologies have redefined space systems, aircrafts, jet engines, ships, locomotive, energy plants, construction machinery, automation systems, apart from a range of high quality, high reliability two-wheelers. Kawasaki has given the world its legendary series of 6001200 cc Ninja and 1600 Vulcan bikes. Straight from Kawasaki design boards, the Kawasaki Bajaj Eliminator redefines the pleasure of biking in looks as well as performance.
1. Bajaj scooters 2. Bajaj Boxer 3. Bajaj Boxer CT, AT, AR 4. Bajaj Caliber 5. Bajaj Eliminator 6. Bajaj Wind 125 7. Bajaj Discovery DTS-I 8. Bajaj CT - 100 9. Bajaj Pulsar DTS -I
10. Bajaj
Platina etc
11.
MANAGEMENT PROFILE
Bajaj group has been under the dynamic Rahul Bajaj and he is a post graduate in Economics. He is endowed with efficent leader
ship qualities and has a band of devoted and work minded staff, whose names are mentioned overleaf:
Rahul Bajaj
Madhur Bajaj Rajiv Bajaj Sanjiv Bajaj Ranjit Gupta C.P.Tripathi N.H. Hingorani Kevin Dsa Pradeep Shrivastava S.Sridhar V.S.Raghavan S.RaviKumar Development) K.Srinivas Abraham Joseph J.Sridhar
Chairman
Vice Chairman Managing Director Executive Director Vice President (Insurance) Vice President (Operations) Vice President (Operations) Vice President(Finance) Vice President(Engineering) Vice President(Marketing & Sales 2 Wheelers) Vice President(Corporate Finance) Vice President(Business Vice President(Human Resources) General Manager(Research & Development) Company Secretary
Bajaj Platina with elegant Platinum silver color and chrome graphics, is catching the eyes of many finicky bike lovers. Graphic tint engine and transmission with black silencer are really captivating the viewers. To add more aesthetic value to this bike, it is furthur aquipped with exclusive streak design side panels and sleek rare panels with fluid grab rail design. Other mentionable features for making this bike more reliable are: Chrome heat shield and Annular chrome rings housed i a sporty console. Its lighting arrangement like optoprism head clear lens blinker is encompassed here for safer riding.
TECHINICAL SPECIFICATION
Dimension & weight Overall height 1090 mm overall length 1990 mm Overall width 770 mm Wheel base 1275 mm Ground clearance 162 mm Kerb weight 113 kg Fuel tank capacity 13 liter
Engine
Type Stroke (2/4) No. of cylinders Displacement Electrical No. of gears Natural air-cooled 4-stroke Single cylinders
Bore X Stroke
99.27 cc 12V AC+DC Transmission Constant Mesh type (4)
Performance
Maximum power Max.troque Start 6.03 KW (8.2 bhp)@7500rpm 8.05 Nm @ 4500 rpm Kick start
Suspensions
Front Hydraulic, telescopic, type, 125 mm travel
Rear
Brakes
Front Drum type, 110 mm/130 mm
Rear
Types
Front Rear 2.75*17,41P 3.00*17,50P
CONSUMER BEHAVIOUR
Consumer Behaviour is a mirror in which every one shows his (or) her image. Behavoiur is the process of responding to
stimuli. Consumer Behaviour is to do with the activities of individuals in obtaining and using the goods & services; it encompasses the decision making process that precedes and determines purchases. It is The process where by individuals decide whether, what, when, where, how and frojm whom to purchase goods and services. Consumer Behaviour of potential cutomers as they became aware of, evaluate purchase and tell others about the products or services. The term consumer behaviour refers to the Behaviour that consumer displays in searching, purchasing, using, evaluating and disposing of products and services that except will satisfy their needs. The study of Consumer Behaviour is the study of how individuals make decisions to spend their avaliable resources (time, money, effort) on consumption related terms terms. It include the study of what they buy, hoe often they buuy and how often they use it. Consumer research provides the basis for the development of new product and services concepts to meet consumer target needs. It also enables the marketer to build consumer meaning into the product or service. By discovering which attributes are most important to the large market and integrated them into the product or service design.
He could comprise of people with whom he interacts on a continuous base such as family, friends, neighbours and colleagues.
3) Personal Factors a. Age and style of life cycle: Peoples choice of goods
and services change over their lifetime. This change can be observed right from their childhood to maturity especially in taste and preferernce related to cloths, furniture and recreation activities.
NEED RECOGNITION
INFORMATION SEARCH
PURCHASE DECISION
3. To find what made consumer to purchase the bajaj platina. 4. To find out the features that are attracted by the purchaser of bajaj platina. 5. To find out the level of satisfaction with price of bajaj platina. 6. To know whether they promote bajaj platina to others or not. 7. To investigate the level of satisfaction with the service rendered by the dealer. 8. To know the level of satisfaction by the performance of Bajaj Platina. 9. To trace out the problems in Bajaj Platina. 10.To know the valuable suggestion from the purchaser of Bajaj Platina.
From the above table we can conclude that 78% of Respondents have bikes and 22% o Respondents dont have bikes and they are planning to buy. Source:- Questionnaire
No, 22%
Yes , 78%
Inference:From the above table we can conclude that larger market share is occupied by Hero Honda with 31% and the next place goes to Bajaj with 28% and remaining 10% and 4% and 5% occupied by
Model
Inference:From the above table wecan conclude tht largest market share in Bajaj is occupied by Platina in
recent ties with 43% and next place to CT 100 which was launched earlier than Platina with 29% and Boxer with 21% and others 7%. It include premium segment bikes also. Source:- Questionnaire MARKET SHARE OF DIFFERENT MODELS IN BAJAJ
Others, 7%
Boxer, 21%
Platina, 43%
CT-100, 29%
RESPONDENTS PLANNING TO BUY BIKES Bikes Bajaj Hero Honda No of Respondent Respondent s in % s 18 30% 21 35%
11 6 4 60
From the above table we can conclude that only 60 respondents are planning to purchase new bike and this include both the people who already have bike and who dont have bike and in this case again Hero Honda is occupying the first place with 35% and in the way Bajaj with 30% and T.V.S with 18% and Yamaha with 10% and others with 7% in this case Bajaj is running towards the place of Hero Honda because of its technological innovations. Source:- Questionnaire RESPONDENTS PLANNING TO BUY BIKES
Factors Reputation Good service by the dealer Resale Value Others Total Inference:-
From the above table we can conclude that because of reputation Bajaj has been doing
well from decade and some are chosen Bajaj because of good service by the dealer and some are chosen because of some other factors. Source:- Questionnaire FACTORS MADE RESPONDENT TO CHOOSE BIKE
67% 70% 60% 50% 40% 16% 11% 6% 30% 20% 10% 0% R e p u t a G i oo on d R e s a l e t h e r s t O s e r v i c e V b yl u e a th e d ea ler
MODELS PREFERED BY RESPONDENTS IN BAJAJ No of Respondents 0 9 3 6 18 Respondents in % 0% 50% 17% 33% 100%
From the above table we can conclude that 50% of respondents are planning to buy Bajaj Platina in Bajaj segment and 17 percent are planning to buy Bajaj Discover and remaining 33% are planning to buy
Bajaj Premium segment bike it is Pulsar Source:- Questionnaire MODELS PREFERED BY RESPONDENTS IN BAJAJ
CT-100
Platina
Discover
Other
FACTORS INFLUENCED TO CHOOSE PLATINA No of Respondents Respondents in % Mileage 8 38% Style 4 19% Features 3 14% ALL 6 29% Total 21 100% Factors Inference:From the above table we can conclude that 38% of respondents are responding towards the mileage because Bajaj is meant for Mileage and 19% of respondents are motivated by style and 14% of respondents to features and some
of them have also selected basing on all factors mentioned in the questionnaire. Source:- Questionnaire FACTORS INFLUENCED TO CHOOSE PLATINA
ALL, 29%
Mileage, 38%
PURCHASE INFLUENCE
Inference:From the above table we can come to know that mostly people are influenced by the friends and the next by other sources and
some from Advertisement sources and least place in Relatives. Source:- Questionnaire
PURCHASE INFLUENCE
28%
No.of respondents Alloy wheels 12 SNS3 Suspension Ride Control 1 Switch Others 5 Total 21 Features
Inference:From the above table we can conclude that 57% of respondents have given importance to Alloy
wheels and next place to other sources with are discussed at findings and remaining respondents are 14% to Alloy wheels and 5% of Ride control switch. Source:- Questionnaire
FEATURES LIKED BY MOST OF THE RESPONDENTS
57% 60% 50% 40% 30% 20% 10% 0% Al l oy SNSR ide w h eel s S u sp en si onC on tr ol S w i tch Oth er s 14% 5% 24%
No.of respondents 18 3 21
From the above table we can conclude that most of the respondents (i.e.86%)who bought the bike are satisfied with the price and only some of them are not satisfied with the price and there percentage is 14%. Source:- Questionnaire
86% 100%
5 0%
14%
0%
Yes
No
No.of respondents 4 16 2 21
Inference:From the above table we can conclude that respondents with yes are 19% and satisfaction are 76% and only 15% of not satisfied and those are discussed in finding. Source:- Questionnaire
RATE OF SATISFACTION TOWARDS SERVICE OF THE DEALER No. of responde Responden Response nts ts in % Yes 3 14% Satisfact ory 17 81% No 1 5% Total 21 100%
Inference:From the above table we can conclude that most of the respondents are satisfied with the service of dealer with 81% and remaining with Yes and No. Source:- Questionnaire
No
S a ti sfa cto r y Y es 0%
From the above table we can come know that 91% of respondents are willing to suggest others for purchase and only 9% of respondents are no willing to suggest. Source :- Questionnaires
N o, 9 %
Y es , 1 9 %
Data collection for the purpose of analysing behaviour of consumer is really a horrendous task. Data for the study are collected both from primary source and secondary source. The primary source of the data was obtained through a market survey conducted at ADONI. Having a clear understanding about the objectives of this study, a set of questions were prepared and developed, to be asked to the respondent. The questionnaire consisted of the different types of questions like 1. Open - ended question 2. Closed - ended question In the closed - ended type of questions, dichotomous, multiple choice questions have been included. The sampling method used was simple random sampling. The sample size taken for the study was 100 respondents covering all the places at ADONI. Secondary data has been aid to perform the survey successfully. The various information bulletins, magazines, company journals and other printed materials gave an in dept. knowledge on the automobiles and further this information enlightened in developing a researched plan and collection of data needed for the research plan and collection of data needed
for the research and collection of data needed for the research in the dare of interest.
2. The primary data so collected is restricted to questionnaires. 3. The survey is conducted in a limited time span of two months.
4. Findings are applicable to ADONI only.
5. Sample size is only 100 members selected at random. 6. The sampling method used includes mostly those customers who own are aware of bikes. 7. It is difficult to know that willing respondents are truly representative. 8. All suggestions and recommendations are made in this report are based on sample of consumer survey. 9. No comparative analysis is made.
12.Respondents who are planning to buy CT - 100 are less because of Platina. 13.Respondents are not convenient with rider seating space. 14.Bajaj means for mileage was found from the survey.
15. Bajaj is leading its way in Premium segment bikes with Pulsar
DTS - I. 16.T. VS Star City (Alloy Wheels ) is leading competitor to Platina. 17.Though there are many competitors in this segment people giving preference to Bajaj. 18.Comparatively respondents are giving preference to Hero Honda and next to Bajaj Platina. 19.Respondents rated satisfactory towards the dealer service. 20.Respondents are willing to suggest purchasing the bike.
SUGGESTIONS
1. Improve rider seating for convenient riding. 2. Lighting is to be improved because many of the respondents suggested this. 3. Some modification are necessary to handle bar. 4. Improve the facility to carry luggage. 5. Fuel tank size should be improved to attract the customer. 6. Digital technology is to be implemented in Pltina. 7. Self-ignition system is better to implement in Platina at reasonable price. 8. Dealer service should be improved. 9. It is better to redesign its Alloy wheels which will suit for both rural and urban areas. 10.Promotional activities should be improved to attract the professional customers.
QUESTIONNAIRE FOR
1) What is your income level? a) <5000 [ ] c) 10000 15000 [ ] 2) Do you have a bike? Yes / No.
[ ] [ ]
3) If yes, which of the following do you have? a) Bajaj [ ] b) Hero Honda c) T.V.S [ ] d) Yamaha e) Others [ ] 4) If Bajaj, which of the following do you have? a) Boxer [ ] b) CT - 100 c) Platina [ ] d) Others
[ ] [ ]
[ ] [ ]
5) If you are planning to buy a bike, which one do you prefer ? a) Bajaj [ ] b) Hero Honda [ ] c) T.V.S [ ] d) Yamaha [ ] e) Others [ ] 6) What made you to choose that bike? a) Reputation [ ] b) Good service by the dealer [ ] `c) Resale value [ ] d) Others [ ] 7) If others, specify _________________________.
8) In Bajaj Bikes, which model are you planning to buy? a) CT - 100 [ ] b) Platina [ ] c) Discover [ ] d) Others [ ] 9) If Others, Specify ___________________________. 10) If it is Platina, what made you to chose it? a) Mileage [ ] b) Style c) Features [ ] d) All 11) Who influenced you to purchase the bike? a) Friends [ ] b) Relatives c) Advertisement [ ] d) Others [ [ [ ] [ ] ] ]
12) Which of the following features do you like the most? a) Alloy Wheels [ ] b) SNS - Suspension [ ] c) Ride Control Switch [ ] d) Others [ ] 13) If others, specify ________________________. 14) Are you satisfied with the price? Yes/ No. 15) After the purchase, are you satisfied with the performance of the bike? Yes / Satisfactory / No. 16) Are you satisfied with the service of the Dealer? Yes/ Satisfactory / No/ 17) Will you suggest to others to purchased he bike? Yes / No.. 18) Any suggestions?
BIBILOGRAPHY
SITES
WWW.GOOGLE.COM WWW.BAJAJAUTO.COM WWW.BAJAJAUTOINDIA.COM
From the above table we can conclude that 78% of Respondents have bikes and 22% o Respondents dont have bikes and they are planning to buy. Source:- Questionnaire
6) What made you to choose that bike? a) Reputation [ ] b) Good service by the dealer `c) Resale value [ ] d) Others 7) If others, specify _________________________.
[ ] [ ]
8) In Bajaj Bikes, which model are you planning to buy? a) CT - 100 [ ] b) Platina [ ] c) Discover [ ] d) Others [ ] 9) If Others, Specify ___________________________. 10) If it is Platina, what made you to chose it? a) Mileage [ ] b) Style c) Features [ ] d) All 11) Who influenced you to purchase the bike? a) Friends [ ] b) Relatives c) Advertisement [ ] d) Others [ [ [ ] [ ] ] ]
12) Which of the following features do you like the most? a) Alloy Wheels [ ] b) SNS - Suspension [ ] c) Ride Control Switch [ ] d) Others [ ] 13) If others, specify ________________________. 14) Are you satisfied with the price? Yes/ No. 15) After the purchase, are you satisfied with the performance of the bike? Yes / Satisfactory / No.
15) After the purchase, are you satisfied with the performance of the bike? Yes / Satisfactory / No. 16) Are you satisfied with the service of the Dealer? Yes/ Satisfactory / No/
17) Will you suggest to others to purchased he bike? Yes / No.. 18) Any suggestions?
________________________________________________________ ________________________________________________________ __________________________________
2. The primary data so collected is restricted to questionnaires. 3. The survey is conducted in a limited time span of two months. 4. Findings are applicable to ADONI only. 5. Sample size is only 100 members selected at random. 6. The sampling method used includes mostly those customers who own are aware of bikes. 7. It is difficult to know that willing respondents are truly representative. 8. All suggestions and recommendations are made in this report are based on sample of consumer survey. 9. No comparative analysis is made.
11..Relatively the market share of Bajaj in ADONI is improved because of its new innovations.
12.Respondents who are planning to buy CT - 100 are less because of Platina. 13.Respondents are not convenient with rider seating space. 14.Bajaj means for mileage was found from the survey. 15.Bajaj is leading its way in Premium segment bikes with Pulsar DTS - I. 16.T.V.S Star City (Alloy Wheels ) is leading competitor to Platina. 17.Though there are many competitors in this segment people giving preference to Bajaj. 18.Comparatively respondents are giving preference to Hero Honda and next to Bajaj Platina. 19.Respondents rated satisfactory towards the dealer service. 20.Respondents are willing to suggest purchasing the bike.
From the above table we can conclude that only 60 respondents are planning to purchase new bike and this include both the people who already have bike and who dont have bike and in this case again Hero Honda is occupying the first place with 35% and in the way Bajaj with 30% and T.V.S with 18% and Yamaha with 10% and others with 7% in this case Bajaj is running towards the