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INTRODUCTION TO TYRE INDUSTRY

The origin of the Indian Tyre Industry dates back to 1926 when Dunlop Rubber
Limited set up the first tyre company in West Bengal. MRF followed suit in 1946.
Since then, the Indian tyre industry has grown rapidly.

Transportation industry and tyre industry go hand in hand as the two are
interdependent. Transportation industry has experienced 10% growth rate year
after year with an absolute level of 870 billion ton freight. With an extensive road
network of 3.2 million km, road accounts for over 85% of all freight movement in
India.

MAJOR PLAYERS:-

 MRF
 APOLLO
 JK TYRE
 CEAT
 BIRLA
 GOODYEAR
FINANCIAL REPORT ON TYRE INDUSTRY:-
Financial Year 2017-2018 (Est.)
Turnover of Indian Tyre Industry Rs. 20,000 Crores
Tyre Production (Tonnage) 11.35 lakh M.T.
Tyre Production – All Categories 811 Lakh
(Nos.)
Tyre Export from India (Value) : Rs. 3000 (est) crores
Number of tyre companies: 43
Industry Concentration 10 Large tyre companies account for
over 95% of total tyre production.
Radialisation Level - Current Passenger Car tyres: 95%
(as a % of total tyre production) Light Commercial Vehicles: 12%
Heavy Vehicles ( Truck & Bus ): 3%

Calendar Year 2007 (Est.)


Turnover of Indian Tyre Industry US $ 4600 Million
Installed Capacity (Nos.) 85 Million
Capacity Utilitsation 87%
Total Tyre Production (Nos.) 78 Million
Total Tyre Import (In 000 Nos.) 2077

Government Policy
Tyre Industry Delicenced since 1987
Export (of tyres and tubes) Freely allowed
Import (of new tyres and tubes) Freely allowed Since 2001 except
Truck / Bus (Radial Tyres), which is in
the Restricted List from 24th Nov.
2008 onwards.
Import Policy for Used / Retreaded Restricted Since April, 2006
tyres:
ENVIORNMENT ANALYSIS:-
Porter's Model

Entry Barriers: High The entry barriers


are high for the tyre industry. It is a highly
capital intensive industry. A plant with an
annual capacity of 1.5 million cross-ply
tyres costs between Rs. 4,000 and Rs. 5,000
million. A similiar plant producing radial
tyres costs Rs. 8,000 million.

Bargaining Power of Bargaining Power of the


the Buyers: High Inter Firm Rivalry: Low Suppliers: High

The OEMs have total The tyre industry in India is The tyre industry
control over prices. In fairly concentrated, with the consumes nearly 50% of
fact, the OEMs faced top eight companies the natural rubber
with declining accounting for more than produced in the country.
profitability have also 80% of the total production The price of natural
reduced the number of of tyres. rubber is controlled by
component suppliers to Rubber Control Board
make the supply chain and the domestic prices of
more efficient. natural rubber have
registered a significant
increase in recent times.
Threat of Substitutes: Low but
Increasing
During the FY2002, over
1,10,000 passenger car tyres were
imported. This constitutes over
2% of total radial passenger car
tyre production in the country.
However, with the reduction of
peak custom duty, the import of
tyres is likely to increase.
MARKET SEGMENTATION:-

INDIAN TYRE INDUSTRY

COMMERCIAL VECHILE PASSENGER VECHILE OTHERS


TYRES (76%) TYRES (22%) (2%)

MHCV LCV TRACTORS PASS. CAR MOTERCYCLE ADV OTR INDUSTRIAL


(60%) (7%) (9%) & MUV & SCOTTER

CE 14% 18% 44% 39% 52%


REPLACE-
MENT 63% 53% 52% 55% 47%
EXPORT 31% 29% 5% 6% 1%
GOVT
SALE 2% - - - -
Growth of Tyre industry in India
The Indian tyre industry is expected to clock a tonnage growth of 9-10 per cent
over the next five years, according to a study by Credit Analysis and Research
Limited (CARE), a noted rating firm that offers a wide range of rating and grading
services across sectors.

While the truck and buses tyres are set to register a CAGR (compounded annual
growth) of 8 per cent, the LCV (light Commercial vehicles) tyres are poised for a
CAGR of 14 per cent.

According to the CARE study, the growth in the Indian tyre industry will be
fuelled by the expansion plans of the automobile companies, government's focus
on development of road infrastructure and sourcing of auto parts by the global
Original Equipment Manufacturers (OEMs).

However, the tyre industry has to grapple with raw material price volatility, rupee
Appreciation and cheap Chinese imports.

The tyre industry in India recorded a CAGR of 9.69 per cent during 2012-17.

The size of the industry was estimated at Rs 19,000 crore in 2012-17 with a total
Production of 736 lakh units of tyres.

In 2016-17, the replacement tyres accounted for 53 per cent of the total tyre
tonnage offtake, followed by 31 per cent share of OEM and 15 per cent by
exports.
Out of the 736 lakh ton of tyres, 54, 49,560 units worth Rs 2,600 crore were
exported.
The exports from India posted a CAGR of 13 per cent in unit terms and 18 per cent
in value terms between 2012-17.

The study points out that on the export front, the Indian tyre companies need to
explore newer markets as the existing market for bias truck tyre which accounts for
about 45 percent of the total export volume is nearing saturation.

This apart, with rationalization catching up in the foreign markets, the Indian tyre
Companies need to graduate to radial tyres so as to protect their share in the export
Market.
At present, radicalization of tyres is low in India except for the car tyre market
where 95 per cent of the tyres is radicalized while cross ply tyres is preferred in all
other categories.
Cross ply tyres are preferred owing to poor road conditions, overloading in trucks,
higher cost of radial tyres and poor awareness among the tyre users in the country.

The CARE report observes that though the tyre technology in India has witnessed
several developments with continuous innovation, the domestic tyre manufacturers
still lag behind their global counterparts in terms of product differentiation.

Global tyre makers offer a wide change of products like tyres with pressure
warning systems, run flat tyres, eco-friendly tyres and energy efficient tyres.
Tyre Demand by Markets

Vehicle Manufacturers or OEMs

The demand from the OEM segment is a derived one and directly correlated to the
level
of automotive production. The OEMs demand varies significantly across
categories from
Between 8% for truck and bus tyres to over 50% for some other segments like,
jeeps and Mopeds.

Replacement Market

The replacement market, including State transport undertakings and Government


buying, accounted for around 59% of the total tyre demand in FY2013. The
demand in the replacement market depends on the vehicle population, the level of
economic activity, life of the products transported, kilometreage per vehicle, the
price of the tyres and the quality of the existing road infrastructure. Additionally,
the replacement market, which offers better margins, is extremely competitive. The
replacement market is dominated by the truck and buses segment, which accounted
for 22% of all tyre sales in the replacement market .The large size of the
replacement in turn is determined by the interplay of various factors as discussed
below:

The replacement demand may be lower because of longer replacement intervals


and lower business mileage if the economic activity slows down.
 Replacement demand in India is higher because of a low vehicle scrap page
rate.
 Poor road conditions by lowering the life of tyres, have a positive impact on
replacement demand.

 Stricter enforcement of the MV Act, which seeks to prevent overloading of


vehicles, will result in an increase in the life of tyres and thus impact
replacement demand negatively.

 Applying a new tread or "re-treading" can extend the life of the tyre at a
significantly lower cost, thereby lowering replacement demand. In India,
retreading finds greater acceptance in the commercial segment.

 Radialization of tyres is likely to result in lower replacement demand. While


car radicalization in the country has reached a level of 65%, truck and bus
radicalization stands at just 2-10%. Poor road and support infrastructure as
well as traditional vehicle designs act as a barrier to radicalization in the
commercial vehicle segment. Radial technology for trucks and buses would
help increase operating efficiencies by delivering better mileage and
minimizing wear and tear.

According to ATMA, even if only 25% of the truck and bus segment is radicalized,
the savings in fuel costs would be around Rs. 7,500 million.

 Introduction of tubeless tyres in the passenger car segment is also likely to


affect replacement demand adversely
 Introduction of eco-friendly radial tyres such as hyper-bonding silica
technology in the passenger car segment may affect replacement demand
adversely.

Exports:

In the light of the prevailing domestic market situation, most of the tyre
manufacturers have taken to exports to reduce inventory build-ups. In
FY2017-18, Indian tyre exports stood at Rs. 3000 cror appx. (15% of the
total industry) in value terms. Indian companies have currently entered into
sourcing agreements (for tyres) with neighboring countries. For instance,
Ceat and J K Tyres have sourcing agreements with tyre producers in Sri
Lanka and China. This is likely to have a positive impact on tyre exports
from India
COMPANY PROFILE

JK Tyre and Industries Ltd. is a mega corporate


entity that is emblematic of excellence,
diversification and pioneering new technologies. A
part of JK Organization which ranks among the
leading private sector groups in India, JK Tyre and
Industries is committed to self reliance and follows
an ethic that views customer satisfaction as an index
of achievement.

HISTORY:

JK Tyre started manufacturing of tyres in 1977 with a capacity of 0.5 million


tyres per annum which has grown over the years to its present capacity of 8.7
million tyres per annum. It has four modern plants in India, strategically located
in the State of Rajasthan, Madhya Pradesh and Karnataka. The Company
produces and sells tyres and tubes under well known brand names of "JK Tyre”
and “Vikrant” for all categories of four wheelers.
INTRODUCING JK TYRE AND INDUSTRIES:
JK Tyre has emerged as India’s leading four-wheeler tyre manufacturer and the
amongst top 20 tyre manufacturer in the world. As the pioneers of Radial technology
in India, the company brought the radial revolution by introducing Passenger Radials
way back in 1977 and has taken forward this revolution in the Truck and Bus
segments in 1999. The Company continues to be the undisputed Industry Leader in
Radial tyres in India – the only tyre manufacturer, offering full range of radial tyres
for Cars, Jeeps, SUVs, LCVs, Truck & Bus and Tractors. The company’s state-of-
the-art Truck/Bus Radial Plant in Mysore (Karnataka) is the only of its kind in India.
Over the years, JK Tyre has achieved innumerable feats including the top honors
such as “The Brand Equity Award”, “CII-Exim Bank Award” and several National
awards in Technology, Manufacturing, Quality, Export and Environment year after
year.
Mission & Vision

Vision:

To be amongst the most admire companies in India committed to be


Excellence.

Mission:

a. Be a customer obsessed company

b. No.1 Tyre brand in India

c. Deliver enhanced value at all stakeholders

d. Most profitable Tyre Company in India

e. Enhance global presence through acquisition

f. Motivated and committed team development for high performance organization


CORE VALUES:

JK Organization has been a forerunner in the economic and social advancement of


India. It always aimed at creating job opportunities for a multitude of countrymen
and to provide high quality products. It has striven to make India self reliant by
pioneering production of a number of industrial and consumer products, by
adopting the latest technology as well as developing its own know-how. It has also
undertaken industrial ventures in several other countries.

JK Organization is an association of industrial and commercial companies and


charitable trusts. Its member companies, employing nearly 50,000 persons are
engaged in the manufacture of a variety of products and in diverse fields of
commerce.

Trusts are devoted to promoting industrial, technical and medical research,


education,religious values and providing better living and recreational facilities.
With the spirit of social consciousness uppermost in mind, J.K. Organization is
committed to the cause of human advancement.
MILESTONES:

1933 First in India to manufacture Calico Prints- Juggilal Kamlapat Cotton


Spinning and Weaving Mills Co. Ltd., Kanpur.

1940 First in India to manufacture steel Bailing Hoops for jute and cotton
and to make the country self sufficient by meeting the entire
demand J.K. Iron & Steel Co. Ltd., Kanpur.

1944 First in India to produce Aluminium virgin Metal from Indian Bauxite-
Aluminium Corporation of India Ltd., Jaykaynagar.

1949 First in India to manufacture Engineering files- J.K. Engineers ‘Files,


Bombay.

1959 First in India to set up a continuous process Rayon Plant.

1960 First to manufacture a Hydraulically Operated Cane Crushing Mill


For Khandsari Sugar Plant and completed 100 ton plant-J.K. Iron &
Steel Co. Ltd., Kanpur.

1961 First in world to set up a plant for production of Hydrosulphite of


Soda by Sodium Amalgam Process- J.K. Chemicals Ltd., Bombay.

1965 First to produce Sodium Sulphoxylate Formaldehyde (Rangolite C of


Formosul) in India - J.K. Chemicals Ltd., Bombay
1968 First to manufacture TV Sets in India- J.K. Electronics, Kanpur. First
To manufacture Metallic Cops for Synthetic Filament yarn industries
in India- Syntex tube works, Kanpur.

1969 First to manufacture Acrylic Fibres- J.K. Synthetics Ltd. Kota


First to develop differentially Dyeable Nylon- J.K. Synthetics Ltd.,
Kota.

1973 First in India to license Synthetic Fibre Technology to third party as


well as the first to manufacture Synthetic Fibre Machinery Fibretec
Engineers & Manufacturers, Dadri.

1976 First in India to produce steel belted Radial Tyres for passenger cars,
trucks and buses- J.K. Tyre Plant, Kankroli.

1980 First in world to make Steel Belted Radial Tyres for three wheelers-
J.K. Tyre Plant, Kankroli.

1984 First in India to produce white cement through dry process- J.K.
White cement. Gotan.

1985 First in India to produce Cathonic Dyeable Polyester Fibre- J.K.


Synthetics Ltd., Kota.
First in India to produce Nylon Tyre Cord based on Spin Draw
Technology- J.K. Synthetics Ltd., Kota.
1989 First in India to produce magnetic tapes with cobalt technology J.K.
magnetics, Surajpur.

1991 Banmore Tyre Plant (BTP) set-up with a capacity of 5.7 lacs tyres p.a

1992 R & D center set-up at HASTERI.

1994 India's first T-Rated tyre launched.


Banmore Tyre Plant (BTP) crossed 100 TPD.

1995 Mercedes Benz Launched on JK steel radials.


first tyre manufacturer in the world to get ISO 9001.

1996 India's first dual contact high traction steel radial- aquasonic
launched Introduced steel wheels.

1997 Awarded the National Export Award for 96-97.


Vikrant Tyres (VTL) acquired.
India's first H rated tyre launched.
Only Tyre manufacturer to get 'E' Mark certification.
HASETRI became the first research institute in Asia to get ISO 9002.

1998 First tyre manufacturer in the world to get QS 9000.


Awarded CAPEXIL's highest export award for 1997-98.

1999 Synergy with VTL in procurement, marketing and production flexibility.


Completion of state of the art modernisation of truck radials.
JK Tyres ranked 16th largest Tyre Company in the world.
ISA - 14000 accredition for environment & safety.

2000 JK introduced National Go-Karting Championships.

2001 Recieved CAPEXIL award.


J.K. Industries recieved FOCUS LAC export award for the year 1999-
2000.
Commendation Certificate of CII Exim.
IInd National Go-Karting Championships held.
TECHNOLOGICAL ADVANCEMENT:
JK Tyre has a Technical tie-up with M/s Continental AG of Germany – the 4th
largest in the world. JK Tyre has been the store house of producing innovative
products in the market. The company was first to launch High Performance ‘H’,
‘V’, and ‘Z’ rated tyres in India. Besides this, JK tyre was also the first company to
launch ‘Eco Friendly – Green Tyres’.

To stay at the forefront of technological advancements, company has set up India’s


biggest & most advanced research institutes Hari Shankar Singhania Elastomer &
Tyre research Institute (HASETRI) and Raghupati Singhania Centre of Excellence
for Tyre & Vehicle Mechanics, Jointly with IIT. Which remains the nerve centre
for providing cutting edge technology?

The company is a leading Supplier to all Major OEMs – Ashok Leyland, Tata
Motors, Eicher Motors, Force Motors, Maruti Suzuki, Mahindra & Mahindra,
Mahindra Renault, Punjab Tractors, Swaraj Mazda, TAFE etc.
Expansion Plans:

The company is fast expanding its capacity, to cater to the rising demand and drive
growth. JK Tyre has undertaken expansion of Rs.480 crores to increase the
capacity and is further planning to invest Rs.1200 crores in the next 3-4 years to
fulfill the growth demand for JK Tyre. The pace of radialization of truck/bus
segment in India is picking up fast. It is expected to move from nearly 7% to 15%
in the next 5 years. To fulfill this rising demand, JK Tyre is expanding its trucks
and bus radial capacity from 3.67 lac to 8.00 lac tyres, i.e. more than double. The
company is also setting up capacity to manufacture specialty tyres for niche
markets.

Motorsport:

Motorsport in India is synonymous with JK Tyre. Building


infrastructure to organizing events for motorsport, JK Tyre has
single handedly catapulted the popularity of the sport to
remarkable heights. Today JK Tyre National Racing
Championship and Karting championships are the two most
awaited events by Indian youth. These events are the only
platforms available in the country to nurture young talents. By
winning the national rally championships 8 times team JK
Tyre has been rated the best in the motorsport in the country.
JK Tyre prodigies like Narain Kartikeyan, Karun Chandhok,
Armaan Ebrahim are already making India proud and the
young crop of talent is ready to represent India internationally.
JK Tyre's No 1 market position:
In what is being considered as a landmark decision in the highly competitive
Indian tyre industry, the Advertising Standards Council of India (ASCI) has upheld
JK Industries Ltd's claim of being India's No 1 tyre manufacturer in the four-
wheeler tyre segment, reaffirming JK's leadership position in the market.

Expressing his happiness over ASCI's judgement, JK Tyre marketing director T K Banerjee says:
''This is a fabulous example of why all of us need to have faith in bodies like ASCI. We believe
that the process of self-regulation in Indian advertising is working for both companies and
agencies. We also hope that this would encourage various players to bring superior technology
and consumer service standards and claim leadership in a more healthier and competitive
manner.''

The case was started when few competitors filed a complaint with ASCI against JK
Tyre's print advertisement, in which JK Tyre announced its numero uno position in
the fourwheeler tyre segment, quoting production figures compiled by Automotive
Tyre Manufacturer Association and other authentic industry sources.

But the competitors contradicted the claim, stating the fact that market figures from
a company's annual report should be used as authentic data to claim
one'sleadership, not the production figures.

But ASCI considered the case at the Consumer Complaints Council on 23 May
2002 and upheld JK Tyre's contention that production figures, as compiled by
authentic industry sources and used by JK Tyre to claim its leadership, is a valid
and applicable comparison platform
Hence, JK Tyre's claim as No 1 tyre manufacturer in India is a perfectly valid and
correctstatement. This also reflects ASCI's agreement to JK Tyre's viewpoint that
figures, as stated in the one's annual report, could actually be misleading and could
include revenues from non-tyre-related businesses also. JK Tyre, pioneers of radial
technology in India, is today India's largest manufacturer of tyres in the four-wheel
segment, including tyres for trucks and buses, LCVs, passenger cars, jeeps,
tractors, ADVs and OTRs. After 25 years of pioneering world-classtechnologies in
India, JK Tyre has recently launched the country's first eco-friendly coloured tyres
as well as steel-belted tractor rear radials.

PRODUCT RANGE

BIAS

SIZE TYPE

9.00-2014PR JET RIB


RIB 9.00-2016PR JET RIB
10.00-2016PR JET RIB
JET MILES

SEMI 9.00-2014PR TRACK TUF


LUG 9.00-2016PR TRACK TUF
10.00-2016PR TRACK TUF
LUG 8.25-2014PR JET TRACK
9.00-2014PR JET TRACK
NORMAL 9.00-2016PR JET TRACK
LOAD 10.00-2016PR JET KING
11.00-2016PR JET KING
12.00-2016PR JET KING

8.25-2014PR JET TRACK


9.00-2014PR JET TRACK
MODERATE 9.00-2016PR JET TRACK
10.00-2016PR JET CLASSIC
10.00-2016PR TRACK 39 &
DX
10.00-2016PR TRACK 39 DX

RADIAL

SIZE TYPE

9.00-2016PR JET STEEL-JDH


10.00-2016PR JET STEEL-JDC
LUG 11.00-2016PR JET STEEL-JDC
09.00-2016PR JET WAY JUC
SEMI 10.00R2016PR JET WAY JUC
LUG 11.00R2016PR JET WAY JUC

LUG 9.00R2014/16PR JET WAY JUC


10.00R2016PR JET WAY JBR
11.00R2016PR JET WAY JUH
12.00R2018PR JET WAY JUH

JET RIB TYRE


FEATURES & BENEFITS : Deep grooves High mileage High skid resistance
Unique siped pattern design Helps easier steering Improves wet road grip Fluted
shoulders Quicker heat dissipation for cooler running Tough casing Greater
safety More retreads and greater economy

JET STEEL RADIAL TYRE


FEATURES & BENEFITS : Aggressive stud pattern Excellent perform on
indian roads Wider and deeper tread with more "land" High Mileage Tread
blocks with sipes at center Maximum traction and best cut resistance Wide
robust shoulder blocks Prevents shoulder wear, tearing & chunking Casing and
design optimised with "CAD" & "finite element analysis" Excellent structural
durability, directional
WIDER THREAD TYRE
FEATURES & BENEFITS : 1. Optimised curve grooves coupled with angled
sipes Most efficient water drainage from centre of contact patch, thus low
aquaplaning 2. Stiffness gradient across the tread arc with stifness increasing
towards outer shoulder of tyre.

DEEP TREAD TYRE


FEATURES * Deep tread for extra mileage. * Big tread blocks and open
shoulder for better on-off road application. * Unique cavity design and strong
steel construction for extra load. * Uniform pressure distribution across tread
with flat tread for smoother wear."

HIGH PERFORMANCE TYRES


FEATURES * Four rib highway pattern with more land in tread for higher
mileage * Very flat tread profile for excellent uniform contact for even wear *
Wider shoulder rib for rigidity and even wear * Special groove design to
facilitate stone ejection and facilitate draining *

JET TRAK CLASSIC NYLON TYRE


FEATURES & BENEFITS * 16 PR Nylon Economy Tyre for Rear Fitment on
Normal and Moderate loading vehicles. * Wide Deep Pyramid Lugs with special
compounding to reduce damage from side wall impact and avoid Lug Chipping.
* Strong Shoulder designed to carry Loads under any Road Conditions.

NYLON FRONT TYRE FOR TRUCK


FEATURES & BENEFITS * 16 PR Nylon Tyre for Front Fitment in Trucks
and All Wheel Positions in Buses. * Aggressive 5 Rib Pattern for Easy Steering.
* Computer Designed Tread for Uniform wear and Smooth running. * Multiple
radius tread design for Better Road Contact which Improves Mileage and Wear
Nature and helps in Quicker Heat Dissipation.
PART-2

 Objectives of the study.

 Need for the study

 Limitation of the study

 Research Methodology of the


study
Objectives of the study:

 To find out market share of JK Tyres.

 To understand the marketing strategy of JK Tyres.

 To focus on the Marketing mix of JK tyre

 To evaluate the limitations of JK tyre.

 To analyze the customer’s needs regarding the product and policies


formulated by the company.

 To find out the brand image of JK tyre


Need for the study:

Management is like a coin having two sides. One is the theoretical part and second
is the practical part. In the theoretical part of management we learn in our
classroom from the lectures, seminars, group discussions that are arranged from
time to time.

To know the practical aspect of management a practical training is provided to the


students. The main idea behind practical training is to bring the management
students face to face with the actual environment of practical management so that
he/ she will be able to apply theory to practical situation before finally moving into
the professional world to show the efficiency and capability.

The project study focused on “JK tyre” as a product and the subject is to
understand the mind set of different customers about the product. Being a student
of marketing management, the inquisitiveness to peep on practical side of
consumer perception promoted in study.

In this study efforts have been made to prepare the report as realistic as possible.
Limitation of the study:

The project surfers from the following limitations due to the inherent and
restrictive nature of the study undertaken:

 Due to constraints of time, money and other resources applicable to this


study. This study is confined to only a few specified areas of and is not
comprehensive study of the customers of JK tyre all over north india.

 This study is restricted only to sample space chosen for the study.

 Many respondents were not interested to give a requires time for


questionnaires

 The areas covered under the surveys are jaipur.


Research Methodology of the study:

SAMPLE SIZE: 275 trucks

METHOD OF COLLECTION: MARKET SURVEY (FITMENT SURVEY)

LOCATION: banmore

DATA TYPE:

For the above study both type of data were used such as primary data and
secondary data. For primary data different areas of jaipur were being visited and
for the secondary data internet & reference books have been used.

 Collecting data from market through Fitment survey of Trucks on road.

 Working on the data.

 Graphical representation of results.

 Analyzing the graph and driving further enquiries.


UNIT -3

 DATA ANALYSIS

AND

 INTERPERTATION
Table showing the market share in 10 wheelers tyre
segment:

company Tyre(in unit) Percentage(%)

1. Apollo 310 24.80

2. MRF 260 20.80

3. JK 302 24.16

4. Birla 268 21.44

5. Ceat 49 3.92

6. Others 61 4.88

total 1250 100


1st Qtr
Apolo
J.K.
Birla
M.R.F.
Other
CEAT

INTERPERTATION:

From the above table and graph it is shown that the in 10 wheeler tyre segment
MRF occupy’s the first position. While JK and Appolo sharing the second
position together. While apart from these one’s Birla and MRF also have a good
stake in this segment.
Table showing the market share in 6 wheelers tyre segment:

Company Tyre(units) %
APOLLO 305 33.89
MRF 223 24.78
JK 187 20.78
BIRLA 134 14.89
CEAT 29 3.22

OTHERS 22 2.44
Total 900 100

Appolo
MRF
J.K.
Birla
CEAT
Other

INTERPERTATION:
In the 6 wheelers segment the market share have some changes, apart from Apollo
and MRF, Kaizen also has good presence in the market due to its cheap price and
comparatively good quality.
Total market share in 6 and 10 wheelers segment:

COMPANY TYRES PERCENTEGE


(UNITS) (%)
APOLLO 615 28.60
MRF 483 22.47
JK 489 22.74
BIRLA 402 18.70
CEAT 78 3.63
OTHERS 83 3.86

TOTAL 2150 100


Appolo
MRF
JK
Birla
Ceat
Other

INTERPERTATION:

Looking at the combined market share of the 10 & 6 wheelers Apollo and JK are
the leader of the market containing 28.60% & 22.74% % of market. MRF contain
3rd position with 22.47% of the market.

INTERPERTATION:

The market share of the different brands of the jk tyres is shown in the above graph
and table..if look the share of the jk tyre brand wise than we find that jet one and
jet track cover more than 70% of the market. Jet rib also has its presence in the
market.
UNIT-4

 FINDING

 SUGGESSION

 CONCLUSION
Findings:

After taking the feedback of more than 100 customers the study reveals that the
buying behavior of the customer is very different according to the size of their
business. Big transporters mostly prefer JK TYRE and they are less concern with
the price the main concern of them is take quality and JK TYRE providing them
the same. While the small customers (owner of 1-5 trucks) mostly preferring the
cheap tyres so most of them are using BIRLA tyres. They are very much concern
with the price of the tyre.

The customers are also having different experience on different brands. It is found
that many customers prefer JK’s guaranteed tyres such as “JET TRAK 39” and
economy class rib tyre “VIKRANT TRACK KING” for its mileage & reliability
but it is also true that many other brands such as “JET MILES”, “JET PACE”,
“JET SUPER LUG” do not have a strong place in customers mind. The study
shows that JK’s strong contender is APOLLO whose quality was appreciated by
many. APOLLO’s “XT-7” & “LOAD STAR SUPER” are very much preferred. In
guaranteed tyres BIRLA’s “SAMSON” is the main contender of JK. Incase of
normal loaded trucks customers mostly rely on CEAT but in over load APOLLO &
JK are reliable. Certainly MRF has not a good reputation at all.
1. JK is the market leader followed by APOLLO.

2. VIKRANT TRACK KING of JK is most used/preferred tyre overall.

3. In economy segment JK has Strong hold but premium segment is dominated by


APOLLO.

4. JK Tyre is having edge breaking problem.

Suggestion:

1. JK Tyre is doing well in rib segment but they are based in only on one brand
“Vikrant”. So JK should tryto increase the awareness of other brands.

2. “Price-Quality relationship” needs to improve in premium rib and lug tyre


Segment.

3. Keep eye to reduce the cost of manufacturing. So price will further reduced and
competition will increased.

4. The company should look after its tread erosion/breaking problem.


Conclusion:
1. The market share of JK Tyres in JAIPUR is more then 19 % in 10
Wheeler Segment.

2. The market share of JK Tyres In JAIPUR is more then 19 % in 6


Wheeler Segment.

3. The big transporters & customers are satisfied with the JK Tyres .

4. The prices of JK Tyres are not high against with the other Company tyres.

5. After sale service (Claim) of JK Tyres is very good.

6. JK Tyres is the market king in case of the RADIAL Tyres.


SWOT ANALYSIS:

STRENGTHS:
 Strong brand image.

 Being quality oriented rather than quantity


Oriented.

 Large product width & line (product mix).

 Economies of scale due to optimum capacity utilization.

 Collaboration with Vikrant, know for their technological superiority.


bringing together performance, economy, durability and comfort.

 Strong financial positions.

 Very large distribution channel.

 Reasonable price.

 Effective employee in JK.


WEAKNESSES:

 Less Brand Awareness

 Less concern about small car segment

OPPORTUNITIES:
 A burgeoning work force and growing middle class population.

 High growth potential for its exports as demand for JK tyre in Europe
Increasing.

 Strong brand image.

 Being quality oriented rather than quantity


Oriented.
 Large product width & line (product mix)

 Indian customers are mainly value buyers demanding a better overall


package. JK is poised in a better position than other players in the market to
capitaliseon this opportunity
THREATS:

 Entry of new players with newer and better technologies in the small car
tyre segment.

 So many close competitors like Appolo, Birla, Ceat, Modi, Kaizen etc.

APPENDIX

NAME:…………………..

JOB NO:…….

Q: 1- How many truck you have in 10 wheelers segment?

A: 5-10

B: 10-15

C: more than 15
Q: 2- How many truck you have in 6 wheelers segment?

A: 5-10

B: 10-15

C: more than 15

Q: 3- Which company you prefer mostly in your truck?

A: JK

B: APPOLLO

C: MRF

D: OTHERS

Q: 4- Which type of Tyre you like to purchase in terms of price?

A: Cheapest
B: Reasonable
C: High

Q: 5-Are you satisfied with the price of JK tyre?

A: YES

B: NO
Q: 6- How do you find the service of JK industry?

A: Good

B: Better

C: Average
BIBLIOGRAPHY:

1. “Philip Kotler”, Marketing Management, Millennium edition.

2. www.parleagro.com

3. www.netmba.com

4. www.indiainfoline.com

5. www.financialexpress.com

6. Business line.

7. Brand Equity, Economic Times

8. www.coolavenues.com

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