Beruflich Dokumente
Kultur Dokumente
By
Vishal Kasaudhan
At
2017-19
Acknowledgement
Learning is a continuous process; the more you learn the more is there to learn. In this
learning process we meet several individuals, and each and every person helps us to learn
something, which all pile up together and become an experience.
I got to learn a lot during my Internship Project. At this moment of substantial enhancement
of my knowledge, I find no word to express my gratitude towards those who helped me
directly or indirectly in making this report successfully. I am thankful for the assistance
received from various individuals, specially the respondents who supported me by
answering the questions without any hesitation. They have truly been sportive, and without
their co-operation this was not possible. Therefore I want to thank them a lot.
I would like to thank his excellence Pankaj Gogiya(Manager CVBU) who guided as an
Internship Guide and encouraged to successfully understand and implementing the various
concepts involve in the project report.
I would like to thank Tata Motors (Lucknow), MGS Auto Fab Pvt Ltd (Lucknow) and all of
its employees who helped me to achieve success in this project in every possible manner.
To being with I feel to express my deep gratitude and sincere thanks to my Academic
project guide Dr. Saurav Banarjeefor his priceless and valuable guidance, encouragement
for completion of work.
1|Page
By
Vishal Kasaudhan
This is to certify that Mr.VISHAL KASAUDHAN is a bonafide student of this Institute and
has successfully completed his project entitled MARKET ANALYSIS OF SCV
(CARGO) AND PROMOTION OF TATA ACE GOLD at TATA MOTORS for partial
fulfillment of course Masters In Business Administration (Marketing) from Institute Of
Management Science, University Of Lucknow
2|Page
Certificate from company
3|Page
Executive summary
Tata Motors Limited has pioneered the production of commercial and passenger vehicle in
India since 1954 and 1991 respectively and today it is India’s largest passenger and
commercial vehicle manufacturing company. Tata Motors has a domestic market share of
68% in MCV/HCV segment, 64% in the LCV segment and 32% in the multi –utility
segment. Its product development capabilities, scales and low import content give it cost
advantages and its wide distribution network gives it a competitive advantage. TATA
MOTORS has been exporting its products since 1969 and currently exports about tenth of its
out-put in over 50 Countries. The company intends that the exports should account for 20%
of its automobile sales. Though commencing operation a modest way Tata Motors has
grown consistently by upgrading its technology and developing its human resources and
today it holds the coveted position of being a premier company in the Indian private sector
in terms of sales, gross profit. Capital employed, dividend paid and net worth besides being
acclaimed and respected for social conscience.
The objective of the project is to know the preference of the consumer’s when buying a Scv
vehicle, To gather descriptive information about the usage of the vehicle, To get feedback
about the vehicle from the existing users, To check the awareness among the user and non-
users about new features of TATA ACE GOLD, To find out the problems faced by the Scv
vehicle owner’s and promote Tata ACE GOLD
4|Page
The project was divide into two parts,
1) Survey of the SCV cargo vehicle
2) Promotion of Tata ACE GOLD
Keeping the above objectives in mind a set of questionnaire was made and feedbacks were
collected by visiting the existing customers in the market and its competitors as well.For
research, we applied random sampling; the area was East and West Lucknow. There were 97
respondents (10 respondents are existing customers and 87 respondents are from
competitors). Both primary and secondary data were collected and survey method was used
for collection of the data.
By this research, I came to know that company’s brand name, its stylish appearance and
comfort level playing vital role in the promotion of TATA ACE-GOLD by spreading word
of mouth publicity. TATA MOTORS manufactured TATA ACE-GOLD to overtake the
market of SCV vehicles. The product is a success in all the markets of India, except some
areas of east. It is so because of the bad road conditions. TATA ACE-GOLD is facing tough
competition from the market leader Ashok Leyland. There are other players also in the
market who plays a vital role in competition, like, Maruti suzuki and Mahindra.
5|Page
Table of Contents
SN Contents Pg. No
1 Introduction 12-13
4 Objectives 49-50
7 Conclusions 90-91
9 Recommendations 93-94
Annexure
10 95-101
6|Page
List of tables
Table
Tables Pg No
no.
1 Ownership 58
2 Use of vehicle 59
3 Vehicle owned 60
4 Important attributes 61
5 Duration 62
6 Trips 63
7 Distance covered 64
8 Loading 65
9 Earning 66
10 Vehicle preferred while buying 67
11 Where vehicle get serviced 68
12 Service expenses 69
13 Mileage 70
14 Rating for the vehicle 71
15 Awareness of Tata ACE GOLD 72
16 Want to buy Tata ACE GOLD 73
17 Ownership 74
18 Purpose of purchasing 75
19 Prior vehicle owned 76
20 Vehicle financed 77
7|Page
List of figure
SN Figures Pg No
1 Ownership 58
2 Use of vehicle 59
3 Vehicle owned 60
4 Important attributes 61
5 Duration 62
6 Trips 63
7 Distance covered 64
8 Loading 65
9 Earning 66
10 Vehicle preferred while buying 67
11 Where vehicle get serviced 68
12 Service expenses 69
13 Mileage 70
14 Rating for the vehicle 71
15 Awareness of Tata ACE GOLD 72
16 Want to buy Tata ACE GOLD 73
17 Ownership 74
18 Purpose of purchasing 75
19 Prior vehicle owned 76
20 Vehicle financed 77
8|Page
List of Tables
SN Table Pg No
1 Duration of Tata ACE GOLD 78
2 Travelling route 79
3 Distance covered by Tata ACE 80
GOLD
4 Mileage of Tata ACE GOLD 81
5 Loading per trip 82
6 Earning 83
7 Rating of Tata ACE GOLD 84
8 Issue came across while using Tata 85
ACE GOLD
9 Recommended to others 86
9|Page
List of figures
SN Figure Pg No
1 Duration of Tata ACE GOLD 78
2 Travelling route 79
3 Distance covered by Tata ACE 80
GOLD
4 Mileage of Tata ACE GOLD 81
5 Loading per trip 82
6 Earning 83
7 Rating of Tata ACE GOLD 84
8 Issue came across while using Tata 85
ACE GOLD
9 Recommended to others 86
10 | P a g e
Abbreviations
SN Figure Pg No
1 CV Commercial vehicle
2 HCV Heavy commercial vehicle
3 SCV Small commercial vehicle
4 LCV Light commercial vehicle
5 ICV Intermediate commercial vehicle
6 SCVC Small commercial vehicle cargo
7 SCVP Small commercial vehicle passenger
8 CVBU Commercial vehicle business unit
9 PCBU Passenger car business unit
10 CAGR Compound annual growth rate
11 MNC Multinational company
12 R&D Research and development
11 | P a g e
Chapter 1
Introduction
12 | P a g e
Introduction
(1.1) the Project:-
SCV segment is the fastest growing segment in the country as well as around the world.
There are two types of SCV, CARGO & PASSENGER. The vehicles which are used for
transporting goods and commodities are called cargo and the vehicles which carry
passengers is called passenger vehicle. Cargo and passenger both are available in three
wheelers as well as four wheelers in the market. Customers choose vehicle according to their
needs. There are number of companies who manufacture SCV like Tata, Ashok Leyland,
Mahindra and Force. However, this SCV segment with four wheelers was first introduced in
the Indian market by Tata Motors. Now, Tata Motors has launched a product called ACE
GOLD . SCV VEHICLE give good scope of business in cities area because government is
restricting entry of large truck in cities area. So, TATA have grand launch of SCV to
increase the business opportunities in urban area.
13 | P a g e
Chapter 2
Industry / Company Profile
14 | P a g e
(2.1.1)About the industry
The Indian automotive industry has emerged as a 'sunrise sector' in the Indian economy.
India is emerging as one of the world's fastest growing passenger car markets and second
largest two wheeler manufacturer. It is also home for the largest motor cycle manufacturer
and fifth largest commercial vehicle manufacturer.
India is emerging as an export hub for sports utility vehicles (SUVs). The global automobile
majors are looking to leverage India's cost-competitive manufacturing practices and are
assessing opportunities to export SUVs to Europe, South Africa and Southeast Asia. India
can emerge as a supply hub to feed the world demand for SUVs.
India also has the largest base to export compact cars to Europe. Moreover, hybrid and
electronic vehicles are new developments on the automobile canvas and India is one of the
key markets for them. Global and Indian manufacturers are focusing their efforts to develop
innovative products, technologies and supply chains.
The automotive plants of global automakers in India rank among the top across the world in
terms of their productivity and quality. Top auto multinational companies (MNCs) like
Hyundai, Toyota and Suzuki rank their Indian production facilities right on top of their
global pecking order.
(2.1.2)Key statistics
The amount of cumulative foreign direct investment (FDI) inflow into the automobile
industry during April 2000 to January 2013 was worth US$ 7,653 million, amounting to 4
per cent of the total FDI inflows (in terms of US$), as per data published by Department of
Industrial Policy and Promotion (DIPP), Ministry of Commerce.
The Indian small and light commercial vehicle segment is expected to more than double by
2015-16 and grow at 18.5 per cent compound annual growth rate (CAGR) for the next five
years, according to a report titled, 'Strategic Assessment of Small and Light Commercial
Vehicles Market in India' by Frost & Sullivan.
The light commercial vehicles (LCV) market - both passenger and goods carrier is estimated
to register a sales growth of around 20 per cent during FY 2012-FY 2015, as per a RNCOS
report titled, "India LCV Market Outlook".
15 | P a g e
India is the world's second-largest heavy commercial vehicle market. The RNCOS report,
"India MCV and HCV Market Outlook", observed that infrastructure boom and emergence
of hub and spoke model, among other factors have given a new dimension to the medium
and heavy goods carrier commercial vehicles' sector in India. It is anticipated that the sales
of medium and heavy commercial (M&HC) goods carriers will increase at a CAGR of more
than 10.5 per cent during 2011-12 to 2014-15.
In another RNCOS research report, "Indian Automobile Sector Analysis", the production of
passenger vehicle is forecast to grow at a CAGR of around 11 per cent from 2009-10 to
2012-13, and domestic volume sales at a CAGR growth of around 12 per cent.
16 | P a g e
(2.1.4)Indian Automobile Industry SWOT Analysis
17 | P a g e
• Domestic market is large
• Government provides monetary assistance for
Strengths manufacturing units
• Reduced Labour cost
• Infrastructural setbacks
• Low productivity
• Too many taxes levied by government
Weakness increase the cost of production
• Low investments in Research and
Development
18 | P a g e
(2.2.1)About the company
Mission
To be passionate in anticipating and providing the best vehicles and experiences that excite
our customers globally.
Vision
Most admired by our customers, employees, business partners and shareholders for the
experience and value they enjoy from being with us.
Culture
Accountability
Customer and product focus
Excellence
Speed
Value
Inclusion
Integrity
Accountability
Innovation
Concern for the environment
Passion for excellence
Agility
TATA GROUP Founded by Jamsedji Tata in 1868, the Tata Group’s early years were
inspired by the spirit of nationalism. The Group pioneered several industries of national
importance in India: steel, power, hospitality and airlines. In more recent times, the Tata
Group’s pioneering spirit has been showcased by companies like Tata Consultancy Services,
India’s first software company, which pioneered the international delivery model, and Tata
Motors, which made India’s first indigenously developed car, the Indica, in 1998 and
recently unveiled the world’s lowest-cost car, the Tata Nano, for commercial launch by end
19 | P a g e
of 2008. In terms of market capitalization and revenues, Tata Group is the largest private
corporate group in India and has been recognized as one of the most respected groups in the
world. It has interests in steel, automobiles, information technology, communication, power,
tea and hospitality. The Tata Group has operations in more than 85 countries across six
continents and its companies export products and services to 80 nations. In the past few
years, the TATA group has led the growing appetite among Indian companies to acquire
businesses overseas in Europe, the United States, Australia and Africa - some even several
times larger - in a bid to consolidate operations and emerge as the new age multinationals.
“The TATA group is 11th most reputable company in the world according to Forbes”.
Established in 1945, Tata Motors' presence cuts across the length and breadth of India. Over
7.5 million Tata vehicles ply on Indian roads, since the first rolled out in 1954. The
company's manufacturing base in India is spread across Jamshedpur (Jharkhand), Pune
(Maharashtra), Lucknow (Uttar Pradesh), Pantnagar (Uttarakhand), Sanand (Gujarat) and
Dharwad (Karnataka). Following a strategic alliance with Fiat in 2005, it has set up an
industrial joint venture with Fiat Group Automobiles at Ranjangaon (Maharashtra) to
produce both Fiat and Tata cars and Fiat power trains. The company's dealership, sales,
services and spare parts network comprises over 3,500 touch points.
Tata Motors, also listed in the New York Stock Exchange (September 2004), has emerged as
an international automobile company. Through subsidiaries and associate companies, Tata
Motors has operations in the UK, South Korea, Thailand, Spain, South Africa and Indonesia.
Among them is Jaguar Land Rover, acquired in 2008. In 2004, it acquired the Daewoo
Commercial Vehicles Company, South Korea's second largest truck maker. The rechristened
Tata Daewoo Commercial Vehicles Company has launched several new products in the
Korean market, while also exporting these products to several international markets. Today
two-thirds of heavy commercial vehicle exports out of South Korea are from Tata Daewoo.
In 2005, Tata Motors acquired a 21% stake in Hispano Carrocera, a reputed Spanish bus and
coach manufacturer, and subsequently the remaining stake in 2009. Hispano's presence is
being expanded in other markets. In 2006, Tata Motors formed a 51:49 joint venture with
the Brazil-based, Marcopolo, a global leader in body-building for buses and coaches to
manufacture fully-built buses and coaches for India - the plant is located in Dharwad. In
2006, Tata Motors entered into joint venture with Thonburi Automotive Assembly Plant
20 | P a g e
Company of Thailand to manufacture and market the company's Scv vehicles in Thailand,
and entered the market in 2008. Tata Motors (SA) (Proprietary) Ltd., Tata Motors' joint
venture with Tata Africa Holding (Pty) Ltd. set up in 2011, has an assembly plant in
Rosslyn, north of Pretoria. The plant can assemble, semi knocked down (SKD) kits, light,
medium and heavy commercial vehicles ranging from 4 tons to 50 tons.
Tata Motors is also expanding its international footprint, established through exports since
1961. The company's commercial and passenger vehicles are already being marketed in
several countries in Europe, Africa, the Middle East, South East Asia, South Asia, South
America, CIS and Russia. It has franchisee/joint venture assembly operations in Bangladesh,
Ukraine, and Senegal.
The foundation of the company's growth over the last 68 years is a deep understanding of
economic stimuli and customer needs, and the ability to translate them into customer-desired
offerings through leading edge R&D. With over 4,500 engineers, scientists and technicians
the company's Engineering Research Centre, established in 1966, has enabled pioneering
technologies and products. The company today has R&D centres in Pune, Lucknow,
jamshedpur, Dharwad in India, and in South Korea, Spain, and the UK.
It was Tata Motors, which launched the first indigenously developed Light Commercial
Vehicle in 1986. In 2005, Tata Motors created a new segment by launching the Tata Ace,
India's first indigenously developed mini-truck. In 2009, the company launched its globally
benchmarked Prima range of trucks and in 2012 the Ultra range of international standard
light commercial vehicles. In their power, speed, carrying capacity, operating economy and
trims, they will introduce new benchmarks in India and match the best in the world in
performance at a lower life-cycle cost.
Tata Motors also introduced India's first Sports Utility Vehicle in 1991 and, in 1998, the
Tata Indica, India's first fully indigenous passenger car.
In January 2008, Tata Motors unveiled its People's Car, the Tata Nano. The Tata Nano has
been subsequently launched, as planned, in India in March 2009, and subsequently in 2011
in Nepal and Sri Lanka. A development, which signifies a first for the global automobile
industry, the Nano brings the joy of a car within the reach of thousands of families.
21 | P a g e
(2.2.3)At home in the world
Anchored in India and committed to its traditional values of leadership with trust, the Tata
group is spreading its footprint globally through excellence and innovation. Each operating
company in the group develops its international business as an integral element in an overall
strategy, depending on the competitive dynamics of the industry in which it operates.
Exports from India remain the cornerstone of the Tata group’s international business, but
different Tata companies are increasingly investing in assets overseas through Greenfield
projects (such as in South Africa, Bangladesh and Iran), joint ventures (in South Africa,
Morocco and China) and acquisitions.
(2.2.4)Priority markets
While individual Tata companies have differing geographical imperatives, the Tata group is
focusing on a clutch of priority countries, which are expected to be of strategic importance
in the years ahead. The regions are North America, UK, China, the Netherlands, Germany,
South Africa, and members of the Gulf Cooperation Council, Brazil, Vietnam, Thailand and
Sri Lanka.
Ratan Tata, Chairman, Tata Sons, sums up the Tata group’s efforts to internationalize its
operations thus: “I hope that a hundred years from now we will spread our wings far beyond
India, that we become a global group, operating in many countries, an Indian business
conglomerate that is at home in the world, carrying the same sense of trust that we do
today.”
The Tata name has been respected in India for 140 years for its adherence to strong values
and business ethics. The Group’s 27 publicly listed enterprises have a combined market
capitalization of some $60 billion, among the highest among Indian business houses, and a
shareholder base of 3.2 million.
In tandem with the increasing international footprint of its companies, the Group is also
gaining international recognition. Brand Finance, a UK-based consultancy firm, recently
valued the Tata brand at $11.4 billion and ranked it 57th amongst the Top 100 brands in the
world.
Business week ranked the Group sixth amongst the World’s Most Innovative Companies.
22 | P a g e
And the Reputation Institute, USA, recently rated it as the World’s Sixth Most Reputed
Firm.
The Tata Group has always believed in returning wealth to the society it serves. Two thirds
of the equity of Tata Sons, the Tata Group’s promoter company, is held by philanthropic
trusts, which have created national institutions in science and technology, medical research,
social studies and the performing arts. The trusts also provide aid and assistance to NGOs in
the areas of education, healthcare and livelihoods. Tata companies also extend social welfare
activities to communities around their industrial units.
“Tata motors is committed towards maximizing customer satisfaction and strive to achieve
the goal of excellence by continual improvement by ongoing design and development of sale
of reliable, safe, cost effective, quality product and service of international standard by using
environment sustainable technologies for improving levels of efficiency and productivity
within its plants and ancillaries”
23 | P a g e
(2.2.5)COMPANY PROFILE
Tata Motors have two business unit – the passenger car business unit (PCBU) and
commercial vehicles business unit (CVBU).Tata Motors is a part of the Tata Group manages
its share-holding through Tata Sons. The company expanded its operations to commercial
vehicle sector in 1954 after forming a joint venture with Daimler-Benz AG of Germany.
Despite the success of its commercial vehicles, Tata realized his company had to diversify
and he began to look at other products. Based on consumer demand, he decided that building
a small car would be the most practical new venture. So in 1998 it launched Tata Indica,
India's first fully indigenous passenger car. Designed to be inexpensive and simple to build
and maintain, the Indica became a hit in the Indian market. It was also exported to Europe,
especially the UK. Tata acquired Spanish bus and coach manufacturer Hispano Carrocera in
2009. In 2006 it formed a joint venture with Marco polo S.A.of Brazil and introduced low-
floor buses in the Indian Market under the name Tata Marco polo Bus. Recently, it has
acquired British Jaguar Land Rover (JLR), which includes the Daimler and Lanchester
brand names.
24 | P a g e
Tata Motors Limited is India's largest automobile company, with consolidated revenues of
INR 1, 88,818 crores (USD 34.7 billion) in 2012-13. It is the leader in commercial vehicles
in each segment, and among the top in passenger vehicles with winning products in the
compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck
and bus manufacturer.Established in 1945, Tata Motors' presence cuts across the length and
breadth of India. Over 7.5 million Tata vehicles ply on Indian roads, since the first rolled out
in 1954. The company's manufacturing base in India is spread across jamshedpur
(Jharkhand), Pune (Maharashtra), Lucknow (Uttar Pradesh), Pantnagar (Uttarakhand),
Sanand (Gujarat) and Dharwad (Karnataka). Following a strategic alliance with Fiat in 2005,
it has set up an industrial joint venture with Fiat Group Automobiles at Ranjangaon
(Maharashtra) to produce both Fiat and Tata cars and Fiat powertrains.
Tata Motors is also expanding its international footprint, established through exports since
1961. The company's commercial and passenger vehicles are already being marketed in
several countries in Europe, Africa, the Middle East, South East Asia, South Asia, South
America, CIS and Russia. It has franchisee/joint venture assembly operations in Bangladesh,
Ukraine, and Senegal. Tata Motors is committed to improving the quality of life of
communities by working on four thrust areas - employability, education, health and
environment. The activities touch the lives of more than a million citizens. The company's
support on education and employability is focused on youth and women. They range from
schools to technical education institutes to actual facilitation of income generation. In health,
the company's intervention is in both preventive and curative health care.
Tata Motors has been aggressively acquiring foreign brands to increase its global presence.
Tata Motors has operations in the UK, South Korea, Thailand and Spain. Among them is
Jaguar Land Rover, a business comprising the two iconic British brands that was acquired in
2008. Tata Motors has also acquired from Ford the rights of Rover. In 2004, it acquired the
Daewoo Commercial Vehicles Company, South Korea’s second largest truck maker. The
rechristened Tata Daewoo Commercial Vehicles Company has launched several new
products in the Korean market, while also exporting these products to several international
25 | P a g e
markets. Today two-thirds of heavy commercial vehicle exports out of South Korea are from
Tata Daewoo.
In 2005, Tata Motors acquired a 21% stake in Hispano Carrocera, a reputed Spanish bus and
coach manufacturer, giving it controlling rights of the company. Hispano’s presence is being
expanded in other markets. On Tata's journey to make an international foot print, it
continued its expansion through the introduction of new products into the market range of
buses (Star bus & Globus) as well as trucks (Novus). These models were jointly developed
with its subsidiaries Tata Daewoo and Hispano Carrocera.
In May, 2009 Tata unveiled the Tata World Truck range jointly developed with Tata
Daewoo. They will debut in South Korea, South Africa, the SAARC countries and the
Middle-East by the end of 2009. In 2006, it formed a joint venture with the Brazil-based
Marcopolo, a global leader in bodybuilding for buses and coaches to manufacture fully-built
buses and coaches for India and select international markets. Tata Motors has expanded its
production and assembly operations to several other countries including South Korea,
Thailand, South Africa and Argentina and is planning to set up plants in Turkey, Indonesia
and Eastern Europe. Tata also franchisee/joint venture assembly operations in Kenya,
Bangladesh, Ukraine, Russia and Senegal. Tata has dealerships in 26 countries across 4
continents.
26 | P a g e
(2.2.7)PRESENT AND FUTURE CHALLENGES
The popular myth that Tata Motors have some distinct advantages in comparison to other
multi-national competitors especially a cost advantage as labor costs are not true as Tata
Motors has 8-9 percent of sales as compared similar percent for most multinational
companies. Also employee productivity in Tata Motors is less than 1/3rd (in $million sales /
employee) than Toyota. Another advantage in the increasing demand in its own backyard,
India due to infrastructure developments and rising GDP. India remains one of the few
developing auto markets where domestic brands have managed to keep a large presence,
Tata and fellow compatriots account for more than 60% of the passenger vehicle sales and
95% of commercial vehicle sales. There are also favorable Government policies and
regulations in place in order to help boost the auto industry. However, Tata has not been
able to capitalize on its global presence. Tata relies heavily on its sales in India and has not
yet managed to create a foothold in international markets even though it has a number of
well reputed subsidiaries. However, Tata Nano may boost its international presence, at least
in developing economies.
Though it has an advantage in India, thanks to low costs and government policies it soon
faces stiff competition from it multinational competitors all eyeing for a share in the ever
growing Indian auto sector. Earlier, a policy required majority-owned subsidiaries of foreign
car firms to invest at least $50 million in equity if they wished to set up manufacturing
projects in India and mere car assembling operations were not welcomed. An Indian cabinet
panel has since announced a new automobile policy that sets fresh investment guidelines for
foreign firms wishing to manufacture vehicles in the country. Investments in making auto
parts by a foreign vehicle maker will also be considered a part of the minimum foreign
investment made by it in an auto-making subsidiary in India. The move is aimed at helping
India emerge as a hub for global manufacturing and sourcing for auto parts. The policies
adopted by Government will increase competition in domestic market, motivate many
foreign commercial vehicle manufactures to set up shops in India, whom will make India as
a production hub and export to nearest market. Thus Tata Motors will have to face tough
competition in near future, which might affect its growth negatively.
Currently, the presence of Suzuki through its subsidiary, Maruti Suzuki in the Indian market
may also be alarming. Maruti has aggressively launched family cars to undermine the Tata
27 | P a g e
models. Tata has continued to be strong in the MUV and SUV sector due to lack of
competition and correct pricing. However, Tata now faces stiff competition from fellow
compatriot Mahindra Group as well as multinational brand like Toyota and Chevrolet. In
addition, the growing presence of fellow Indian competitors, Mahindra and Force Motors
not only in the Indian but also in the Global market may affect Tata's sales. Mahindra and
Force have formed joint ventures with Renault and MAN respectively. Mahindra has also
formed a 51:49 JV called Mahindra Navistar with ITEC, USA (parent Navistar
International), to manufacture commercial vehicles and to bolster its position in the CV
business Ashok Leyland, which is the second largest commercial manufacturer in India has
remained Tata's biggest competitor in the Indian heavy commercial vehicle market and with
its acquisition of Czech Republic-based Avia it may manage to increase its presence in
neighboring markets such as Sri Lanka, Nepal where Tata Motors has a monopoly. To
counter the growth of these various companies Tata has come up with revised or new
models like Indica Vista, Indigo Vista, Xenon, Tata World Truck and an aggressive
marketing policy.
(2.2.8)Achievements
Mr. Ratan Tata’s vision and ambition drove Tata Motors from being just the truck
manufacturer to a successful world class car manufacturer. Let us just have a quick look at
some memorable achievements of Tata Motors under the leadership of Mr. Ratan Tata.
1991 – Tata Motors launched its first passenger vehicle called Tata Sierra SUV.
1992 – The company introduced a station wagon named Tata Estate (inspired from
Mercedes T-series car).
1994 – Tata Sumo was launched, even on-sale now.
1998 – Tata Motor’s history as a big milestone because the company launched 2
products, the Tata Indica and the Tata Safari in the same year.
2002 – The sedan version of Indica was launched christened ‘Tata Indigo’.
2004 – The station wagon based on Indigo sedan was launched called ‘Tata Indigo
Marina’. And the first global automobile acquisition was made by Tata Motors of
Daewoo Commercial Vehicle Company of South Korea.
28 | P a g e
2005 – Tata Motors launched an all-new segment of the Light Commercial Vehicle
with a sub 1.0-tonner Tata Ace mini truck.
2007 – The stretched wheelbase version of Indigo was launched named ‘Indigo XL’
(the XL here refers to Extra Large).
2008 – Shorter version of Indigo was introduced named ‘Indigo CS’ (the CS here
refers to Compact Sedan). Also the next-generation Indica was launched called
‘Indica Vista’. The most prestigious acquisition made by Tata Motors was of the
iconic auto brands – Jaguar & Land Rover from Ford.
2009 – Next-generation Indigo or sedan version of Indica Vista was introduced,
called ‘Indigo Manza’. However, the biggest outcome of Ratan Tata’s most
ambitious project, the Tata Nano was unveiled. And the company acquired, a fully
built European bus manufacturer Hispano Carrocera SA in phased manner.
2010 – The most refined and most advanced Tata product ever, the Tata Aria was
launched.
In recent times, Ratan Tata has supported projects like Tata Pixel, Vista and Manza hybrid.
Besides these, he has actively supported the research of cars that run on Alternative fuels,
such as Air and Water (H2O). All the mentioned vehicles are under development.
29 | P a g e
2.2.10)The product LOB (line of business) is demonstrated below:
TATA
Motors
CVBU PVBU
HCV Bus
ICV
Car
SCV-C
SCV-P
30 | P a g e
COMMERCIAL VEHICLE BUISNESS UNIT
3015 207Ex
3118 207RX
3516 XENON
4018
4923
31 | P a g e
As shown above Tata Motors is manufacturing as two different units:
1. CVBU : (commercial vehicle business unit) The CVBU has plants located in :
Lucknow
Pune
Pantnagar
Dharwaad
jamshedpur
Gujarat (anand)
2. PVBU:(passenger vehicle business unit) The PVBU has its plant located in Pune as well as
anand.
In the state of Utter Pradesh Tata Motors Ltd deals with 5 Tata Motors authorized dealers at
this time:
1. Mgs Motors ltd, malihabd
2. Mgs auto fab pvt ltd, khurram nagar.
3. Mgs motor sales pvt ltd,Dubbagga
4. Mgs auto fab pvt ltd, Banthara
5. Mgs motors sales pvt ltd, transport nagar
At present Tata Motors has around 600 dealers operating in entire India with 12000 service
stations TASS (Tata authorized service stations) and 10000 company trained mechanics.
(2.2.11)Subsidiary companies
32 | P a g e
Tata motors European technical centre
Tata technologies
TAL manufacturing solution
HV Transmission and HVAxles
Tata auto camp
TML distribution co.
RSM AM
(STATE)
33 | P a g e
TSM TSM TSM
34 | P a g e
35 | P a g e
(3.8)PRODUCT DESCRIPTION
The first version of Tata Ace started the evolution of the Small Commercial
Vehicle segment, revolutionizing the last mile distribution in the country and
very soon became a legend in the Commercial Vehicle Industry. The equity of
the legendary Tata Ace is unparalleled and it enjoys a strong emotional connect
with the customers. The legendary Tata Ace is now back as Tata Ace Gold.
The Tata Ace Gold comes with the popular legendary front fascia, steering
wheel with improved ergonomics and a utilitarian dashboard, wh ile carrying
forward the DNA of the proven aggregates of Ace HT. All the unique benefits
and advantages of the most versatile Small Commercial Vehicle continue to
provide the best operating economics and highest earning capacity for its
customers. The Tata Ace Gold is aggressively priced making it even more
attractive proposition for its customers.
The Tata ACE GOLD is a micro-truck launched in May 2017 by Tata Motors in India. It is
in competition with the prevalent SCV goods carriers from Maruti Suzuki Auto, Ashok
Leyland, Mahindra and Force Motors. The new vehicle was positively received by the
users. The initial sales figures are motivating. The ACE GOLD has yet again created another
historical event in the commercial vehicle industry. TATA ACE GOLD is produced in
Pantngar plant of Tata Motors.
Tata ACE GOLD is marketed as a micro truck in India. Priced between at Rs.3.75lakhs INR,
One of the ideas that prompted the launch of this vehicle was to develop more opportunities
of self-employment in the country. Moreover there was a need for an efficient last mile
36 | P a g e
vehicle, TATA has found the gap in the market and released ACE GOLD. The 702cc
engine delivers a power of 15.43 hp at 3200 gives a tough competition to Ashok Leyland's
DOST. It has a permissible loading capacity of 710 kg. It also has a modern cabin compared
to its rivals. It is best suited for use by villagers in carrying goods over short distances.
Product
Price
The company targeted customers who were willing to pay higher price for extra value
provided to them and also vehicle is designed to reduce the operating cost.
TATA ACE GOLD is a winning concept with 4 wheeler functionality
Place
37 | P a g e
Availability of the product at right place and at right time
City, Small Town, Villages and Urban belts in India
Promotion
Communication Channels:
Public Relations – Generated a lot of Positive Press in the Launch Period and also by
gaining International Awards.
Television – 1st SCV Brand used extensive ad on T.V. Ads Communicating new
opportunities that Ace Present.
(3.5)Segmentation
Geographic segmentation:
Demographic segmentation:
Gender-male.
Occupation-
Farmers
Small trade
38 | P a g e
Behavioral segmentation:
(3.6)Targeting
Four wheeled goods carriers from Maruti Suzuki , Ashok Leyland, mahindra and force
motors. The company majorly aims to convert three wheeler user to four wheeler.
Suited for use by villagers in carrying goods over short distance and long distance.
(3.7)Positioning
Positioning statements:
Trustworthiness of ace
39 | P a g e
HIGHER SMART
EARNINGS VEHICLE
HIGHER COMFORT
REVENUE
LOWER SAFETY
OPERATIONAL
COST
STYLE
(3.9)PROMOTIONAL ACTIVITIES
There are various activities organized by TATA MOTORS for the promotion
of their products(vehicles).Few of the promotional activities done by them for
promoting
*Loan mela
*On road show
*Newspapers Ads
*Advertisements
*Sales promotion
40 | P a g e
Tata motors follow a strategically based customer acquisition sales process. During this
acquisition process customer is looked forward in following stages:
Customer Acquisition Process/Sales Planning Process
Enquiry/Contact Quotation Advance Payment Vehicle Delivery
C0 C1 C2 C3
Prospect Customers
(Universe)
There are 4 steps in which Tata Motors CVBU categorize their customers in the short term
C0 - These are interested Customers.
C1 - These are those customers who have received Quotation/ Performa Invoice.
C2 - The customers who have made down payment fall into this category.
C3 - Customers to whom Delivery of vehicle is made against DD/ Cheque/ RO.
The Customer Acquisition process establishes how CVBU tracks Customers (including
customers such as new, potential, repeat, competition, lost customers). This helps CVBU to
track performance against the sales target set on virtually on daily basis, and helps Tata
Motors to achieve those targets. Thus CVBU uses information gathered in L&L approaches
both for Short term and Long term in order to retain customer focused in their actions and to
continuously satisfy the changing needs of the customers.
41 | P a g e
42 | P a g e
Chapter 4
Objective and Scope of the Project
43 | P a g e
Objectives:
To get feedback about TATA ACE GOLD from the existing users.
To check the awareness among the user and non-users about TATA ACE GOLD.
44 | P a g e
Chapter 5
Research Methodology
45 | P a g e
Research Methodology
(5.1) Research
Research is the search for and retrieval of existing, discovery or creation of new information
or knowledge for a specific purpose. Research has many category from medical research to
literary research. Consumer Marketing Research is a form of applied sociology which
concentrates on understanding the behavior, whims and preferences, of consumers in a
market- based economy.
The field of consumer marketing research as a statistical science was pioneered by Arthur
Nielsen with the founding of the A Nielsen Company in 1923. In any marketing research
defining the problem is the most important problem in a very and precise manner. So that
the researcher understood the area of study involved Research is process of systematic and
in depth study or search for any particular topic, subject or area of investigation backed by
collection, compilation, presentation and interpretation of relative details of data. It is a
careful search or enquiry into any subject matter which is an endeavor to discover or find
out valuable facts which would be useful for further application or utilization. Research
methodology is a way to systematically solve the research problem. It may be understood as
a science of studying how research is done systematically. In it we study the various steps
that are generally adopted by a research in studying his research problem along with the
logic behind them. It is necessary for the researcher to know not only the research method
but also the methodology. Statistical investigation require systematic collection of data, so
that all relevant groups are represented in the data. To determine the customer preference,
for example, the researcher might study 200 customers in a certain geographical area. It
must be ascertained that the group contains people representing variables such as income
level, race, education and neighborhood.
46 | P a g e
(5.2)Research design
Descriptive and Exploratory research design was used to conduct this research. Descriptive
research design helps to know the perception of influences during the purchase of a
particular brand of vehicle. And it is also important to explore the various factors which can
attract them during the purchase of vehicle.
(5.4)Source of data
As for the data it was essential to depend upon both primary and secondary.
(5.4.1)Primary data
Primary data is collected for the first time in keeping with the specific data requirement of
research study. They are essentially field data collected by using an appropriate survey
technique. When a field study covers the entire population, the resultant census-based data
may be termed as primary population; the sample-based data may be named as primary
sample data. There are several methods of collection primary data, particularly in surveys
and descriptive researches.
a) Preparing of Questionnaire:-
The quality and quantity of information collected through a questionnaire depends to large
extend on how best the questionnaires is prepared and designed. Well thought-out and
objectively stated questions are more effective in fetching quick response. All these come
from experience in conducting research. Questionnaires include both CLOSED as well as
OPEN ENDED questions
47 | P a g e
b) Observation:-
This method implies the collection of information by way of own observation without
interviewing respondents. The observation method is the most commonly used method
especially in studies relating to behavioral sciences. In a way we all observe things around
us, but this sort of observation is not scientific observation. Observation become a scientific
tool and the method of data collection for the research.
C) Interaction With consumers:
Personal interviewing is the most frequent used technique having its own merits and
demerits. One of the chief merits is that it facilities better response. The quality of answers is
likely to be more reliable and objective. For, it offers the quality of answers is likely to be
more reliable and objective. For, it offers the interviewer an opportunity to make
clarification and do necessary explanation to the respondents wherever needed. A small set
of question was made for interacting to the consumers
(5.4.2)Secondary data
These data area complied at different levels by governments at the center and those of the
state, including government departments and other agencies entrusted with the data
completion as their specific task. At another level, there are a host of individual public and
private organization, companies, and firms which also keep generating huge data. This is
done primarily for purpose of monitoring internal functioning. Secondary data like, history
of TATA MOTORS, physical and political descriptions of Lucknow, etc. have been
collected from the following sources.
Magazines
Company websites
Reports
.
(5.5)Sampling plan
A sampling plan is a detailed outline of which measurements will be taken at what times, on
which material, in what manner, and by whom. Sampling plans should be designed in such a
way that the resulting data will contain a representative sample of the parameters of interest
and allow for all questions, as stated in the goals, to be answered.
48 | P a g e
(5.5.1) Convenience Sampling:-
Convenience sampling, as name implies is based on the convenience of the researcher who
is to select a sample. Convenience sampling is one in which the researcher select the most
accessible population members. Respondents in the sample are included in it merely on
account of their being available on the spot where the survey is in progress. In this
researcher may stand at a certain prominent point and interview all those or selected people
who pass through that area.
These types of samples are used primarily for reasons of convenience.
It is often used for new product formulations or to provide
Gross-sensory evaluations by using employees, studentsetc.
(5.6)Method of research
(5.6.1)Descriptive Research method:-
Descriptive research, also known as statistical research, describes data and characteristics
about the population or phenomenon being studied. However, it does not answer questions
about eg: how/when/why the characteristics occurred, which is done under analytic research.
(5.7)Sample design
The way of selecting a sample is known as sample design. It is definite plan for obtaining
sample from given population. It refers to the procedure or technique adopted in selecting
items for the sample. Type of design is Non Probability.
(5.9)Tool used for survey- The observations and feedback were recorded using
structured questionnaires.
(5.10)Sample Size-Total sample size was 97. It was divided into two segments, 10
respondents from Tata ACE GOLD and 87 respondents from scv cargo
(5.11)Target group-The existing Tata ACE GOLD and scv cargo driver
49 | P a g e
(5.12)Sampling method- Non probability convenience sampling
(5.13)Analysis of data -
The analysis of data requires number of closely related operations such as tabulation and
drawing statistical inferences.
The raw data is then classified into some purposeful and usable categories.
The raw data was carefully analysed and the response were recorded in the form of a spread
sheet.
The analysis was done with the help of different mathematical tools using excel package.
The final data was represented in a tabular format and the analysed output was presented in
the form of different graphs.
After every graph the key findings for the respective question are given
50 | P a g e
Chapter 6
Data Analysis and Interpretation
51 | P a g e
QUESTIONNARE
1)Ownership
50
40
30
48% 45%
20
10
7%
0
Owner Driver Owner cum driver
Interpretation: As per the survey conducted, the above graph shows that 7% of the
respondent were owners, 48% were driver and 45% were owning their own vehicle and
running on their own. Which also states that feedback comes from 93% of the total, who
actually drives.
52 | P a g e
2) Vehicle owned
Interpretation: The above graph shows that as per the survey done in different areas,
Ashok Leyland users were 71%, Maruti Suzuki 15% and Mahindra 14%. This shows that
Ashok Leyland is leading the market.
53 | P a g e
3)Use of Vehicle
Captive
25%
Market
Load
Operator
75%
Interpretation: According to the survey conducted, we found that 75% were market load
operator and 25% were of captive segment. Which means while entering the commercial
segment “TATA ACE GOLD” would have to focus more on Market load operator, which
has a major demand.
54 | P a g e
4)What are the attributes important for you, when making decision of buying a
SCV?
Interpretation: As per the graph, the most important attributes seen while buying a SCV is
capacity of the vehicle, low maintenance, price, Scv and engine of the vehicle. Other
attributes doesn’t attract much to the buying decision of the SCV customers.
55 | P a g e
5) How long have you been using this vehicle?
20
15
10 22%
17% 15%
5 9% 11% 9%
8% 6%
2%
0
0-1 year 1-2 2-3 3-4 4-5 5-6 6-7 7-8 8-9
years years years years years years years years
Interpretation: As per the graph, most of the vehicles were 3-4 years old. From last few
years the sales is decline of 3 wheeler (cargo). This graph also states the long lasting
durability of the market, as 9% of the total vehicle in the market come to the bucket of 8-9
years.
56 | P a g e
6) Tripsper Day?
40
35
30 28%
25
20%
20
15
10
5 3%
1% 1% 0 1% 0 1%
0
1 2 3 4 5 6 7 8 9 10
Interpretation: The above graph shows that, according to the survey, most respondents take
4 trips per day. Making the most of the commercial vehicle, users believe in making
optimum utilization as 93% of people make 3-5 trips a day. Being 4 trips a day most
economic as 45% of the total users following the same.
57 | P a g e
7) Distance covered per day (kilometers)?
50
40
30
24%
20
9%
10 6%
2%
0
10-20 20-30 30-40 40-50 50 above
Interpretation: the above graph shows that 59% people cover a distance of 50kms and
above. This being the most economical to the users and giving the maximum productivity
out of the SCV. People intend to cover more distance. Giving them the maximum monetary
benefit.
58 | P a g e
8) Load per Trip (kilos)?
60 58%
50
40
30 27%
20
12%
10
3%
0 0
0
0-300 300-600 600-900 900-1200 1200-1500 1500 above
Interpretation:As per the survey, users seem to be making optimum utilization of their
vehicle by carrying a load of 900 – 1200 Kgs. As it was learnt that carriage has a direct
impact to the mileage of the vehicle. And being this the most productive having major
monetary benefit this is been preferred by most of the users as 58% of the total agrees to the
same. Point noted here was this is the legal violation of the commercial vehicle as only 600
kgs are allowed in SCV.
59 | P a g e
9) Earning per trip?
20
10 5%
0 0
0
0-200 200-300 300-400 400-500 500+
Interpretation: It was known after the survey that users tend to make average 200 – 300
INR a day per trip. As 69% users are falling in this range.
60 | P a g e
10) Vehicles preferred while buying?
60
50
40
67%
30
20
10
11% 15% 13%
0
Tata Mahindra Piaggio Bajaj
Interpretation: As per the market survey done portrayed above in graph, it was known 67%
of total users preferred buying “Ashok Leyland” being the majority in the market whereas
others remaining in the minority having almost the same shares in the market. It was also
learnt that “Ashok Leyland” has a minimal maintenance cost compared to others.
61 | P a g e
11) Where do you get your vehicle serviced?
Service
center
33%
Local
mechanic
67%
Interpretation: It was known per survey that users preferred having serviced their vehicle
with the local mechanic. Almost 67% of users were preferring the same after completion of
their free service structure. This carries various following factors to it.
Less Time Consuming
Cheap
Mobility
Relationship
62 | P a g e
12) Charges bared per service?
70
60
50
40
69%
30
20
10 21%
10% 0 0
0
free 1000-2000 2000-3000 3000-4000 4000+
Interpretation: As per survey 69 % of users are incurring cost of 1000 – 2000 INR for
servicing their vehicles. One of the major factor noted for high cost of service was, users
carrying more load and the roads not being proper.
63 | P a g e
13) Mileage of the vehicle?
60
50
40
30 64%
20
10 21%
15%
0
0
0-10 10-20 20-25 25-30
Interpretation: Being “Mileage” one of the important factor, it was known that vehicles
have a 20-25 Kms. 64% of the total agreeing to same. The carriage of load had a direct
impact on the mileage of the vehicle.
64 | P a g e
14) Are you satisfied with this vehicle? (Rate between 1-5, 5 being the best)
Price 4.14
Pickup 4.18
Saftey 3.24
Comfort 3.24
Engine 4.29
Suspension 3.56
Mileage 4.01
Loading Capacity 4.12
0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.00
Interpretation: Per Survey, Users are majorly satisfied with the Engine, Price, Loading
Capacity and Mileage. It was learnt Users were more delighted to the mentioned factors,
while showing a satisfactory gesture to the other factors also.
65 | P a g e
15) Do you know about Tata ACE GOLD?
Yes
46%
No
54%
Interpretation: It was known per survey that more than half of the people were lacking
awareness about “TATA ACE GOLD”. Also its capacity to carry load has also been the
major constraint to the known users to which they termed as “unpopular”. Which itself
indicates lack of promotion of the brand.
66 | P a g e
16) Want to buy TATA ACE GOLD
19%
don’t know but
want to buy
don’t know and
don’t want to buy
81%
67 | P a g e
FEEDBACK FROM TATA ACE GOLD CUSTOMER
1) Ownership
50
40
30
50%
20 40%
10
10%
0
1 2 3
Interpretation: As per the survey with TATA ACE GOLD vehicle users, majority were
self-drivers comprising 90% of the total. We could understand by this the major feedback
would be coming from the actual users in the market.
68 | P a g e
2)Purpose for purchasing TATA ACE GOLD?
Interpretation:The above graphical data representation shows major factors affecting the
users make buy this product. Majorly it was known Pick-up, Engine and Low Maintenance
of the product matters.
69 | P a g e
3) Prior vehicle owned?
ASHOK 4 40%
1
LEYLAND
MARUTI 2 20%
2
SUZUKI
MAHINDRA 1 10%
3
4 TATA 1 10%
5 NO 2 20%
Interpretation:Users was majorly using vehicle of “Ashok Leyland” prior to buying Tata
ACE GOLD, known during the survey. It was also understood that major attraction towards
TATA ACE GOLD was it’s engine, comfort and low maintenance to drive.
70 | P a g e
4) Vehicle Financed
yes
no
100%
Interpretation: Per the survey it was identified, that all the users financed their vehicle
while purchasing the same. It was learnt the major reason for financing was, majority of the
users were from a low financial background and trying to generate self-employment.
Financing was the most convenient option to them.
71 | P a g e
5) How long you have been using our vehicle?
60
50
40
30 60%
20 40%
10
0 0
0
0-6 months 06-12 12-18 18-24
Interpretation:Since the product is new to the market, most of the users lies in the bucket
of 0-06 months old covering up to 60% of the total. But the figures shows the demand for
this product has started to increase, which is well represented in the graph through upward
force of the bar.
72 | P a g e
6) Travelling Route
1 City 5 50%
2 Inter-city 5 50%
city
50% 50%
inter-city
Interpretation: Surprisingly half of the total surveyed users are making trips within city and
the other half making inter-city. It was also noted there were not much difference in riding
within city and inter-city, as their target for the running of distance of specific distance were
covered up.
73 | P a g e
7) Distance covered per day?
Interpretation: Per the survey, users seem to be making optimum utilization of their
vehicle by covering more than 50 kms a day as 90% falling in this bucket. This had the
major monetary benefit as well as giving maximum comfort for long distance users.
74 | P a g e
8) Mileage of the vehicle?
0-10 0 0%
1
10-20 2 20%
2
20-25 8 80%
3
4 25-30 0 0%
90
80
70
60
50
40 80%
30
20
10 20%
0 0
0
0-10 10-20 20-25 25-30
75 | P a g e
Interpretation: Being “Mileage” one of the important factor, it was known that vehicles
have a 20-25 Kms. 80% of the total agreeing to same. Being four wheeler, it was competing
with other tree wheeler SCV giving almost same mileage.
45
40
35
30
25
20 40% 40%
15
10
5 10% 10%
0 0
0
below 600 600-800 800-1000 1000-1200 1200-1400 1400above
76 | P a g e
Interpretation: It was understood after the survey stated above in the graph most of the
users are using the capacity to 600-800 and 800-1000 Kgs. It was also learnt being four
wheeler also it has a loading hindrance with comparison to three wheeler SCV. This had
remained a major drawback for the product in this market segment area.
5 400above 0 0%
80
70
60
50
40 80%
30
20
10 20%
0 0 0
0
0-100 100-200 200-300 300-400 400+
77 | P a g e
Interpretation: It was known after the survey that users tend to make average 200 – 300
INR a day per trip. As 80% users were falling in this range. While conducting survey it was
understood this was the most optimum earning capacity.
0
price mileage brand cost safety comfort payload suspension engine
78 | P a g e
Interpretation:It was identified after the survey that users prefer this vehicle majorly for
Safety, Comfort and price. While others factors also plays an important role but above being
the most preferred while rating the product.
12) What are the issues you came across while using the vehicle?
Table no. (6.28):- Issues came across while using Tata ACE GOLD
SR. no. Parameter No. of respondent percentage
Maintenance 0 0%
1
Suspension 9 90%
2
Availability of
0 0%
3 spare parts
4 Engine 4 40%
5 tires 7 70%
6 others 5 50%
Figure no. (6.28):- Issues came across while using Tata ACE GOLD
100
90
80
70
60
50
90%
40
70%
30
50%
20 40%
10 0 0
0
maintenance suspension availability of engine tires others
spare parts
79 | P a g e
Interpretation:After the survey on the problems faced by the users it was understood, this
vehicle has a suspension and tires issue. The two issues stated has been the major issues
among the users. It seems they have to work broadly in these areas, as this could have a
direct impact over sales.
yes
50% 50%
no
Interpretation: As per the survey half of the user were referring for Tata ACE GOLD
whereas half of the users were not referring for Tata ACE GOLD. Considering the other
80 | P a g e
maintenance factors like suspension and tires, the other half didn’t showed much confidence
on the product.
Total Earnings per day 900 Total Earnings per day 750
81 | P a g e
Total Cost per day 412 Total Cost per day 292
Profit per day 488 Profit per day 458
Chapter 7
Observation and Findings
82 | P a g e
Findings:
“TATA ACE GOLD” would have to focus more on Market load operator, which has
a major demand.
The most important attributes seen while buying a SCV is capacity of the vehicle,
low maintenance, price, Scv and engine of the vehicle
Making the most of the commercial vehicle, users believe in making optimum
utilization as 93% of people make 3-5 trips a day
Vehicle by carrying a load of 900 – 1200 KgsPoint noted here was this is the legal
violation of the commercial vehicle as only 600 kgs are allowed in SCV
“Ashok Leyland” being the majority in the market whereas others remaining in the
minority having almost the same shares in the market.
Survey 69 % of users ofthree wheeler are incurring cost of 1000 – 2000 INR for
servicing their vehicles. One of the major factor noted for high cost of service was,
users carrying more load and the roads not being proper.
More than half of the people were lacking awareness about “TATA ACE GOLD”
Major attraction towards TATA ACE GOLD was its engine, comfort and low
maintenance to drive.
It was learnt the major reason for financing was, majority of the users were from a
low financial background and trying to generate self-employment. Financing was the
most convenient option to them
Tata ACE GOLD being a four wheeler, it was competing with other tree wheeler
SCV giving almost same mileage
Tata ACE GOLD being a four wheeler, it has a loading hindrance with comparison
to three wheeler SCV
Tata ACE GOLD has a suspension and tires issue. The two issues stated has been the
major issues and could have a direct impact over sales.
83 | P a g e
Chapter 8
Conclusion and Limitations
84 | P a g e
Conclusion
Tata ACE GOLD competition lies with 3 wheeler SCV (Small Commercial Vehicle),
competing with Maruti Suzuki , Ashok Leyland and Mahindra. It was learnt Ashok Leyland
is leading the SCV market of 3 wheeler. Three Wheeler vehicle has a passing to carry 550
kg, though illicitly they carry 1000 – 1200 kg. While Tata ACE GOLD allows to carry 600,
but confines the carriage to 1000 kg because of suspension. Which also makes it ostracized
among other SCV’s. Main intention of TATA ACE GOLD is to provide comfort and safety
in long route, which lacks in other 3 wheeler vehicles. Though this feature is of not much
attraction, especially among rural users, as they are more inclined towards carriage of
vehicle which is confining to the popularity of Tata ACE GOLD. While mileage being the
important attributes, it has been reasonably good.
The Awareness of Tata ACE GOLD has been relatively low, among the rural market. “Word
of mouth Equity,” is also not good in the market, especially the current users are also not
satisfied and they do not wish to refer to other buyers. It has been identified the product
needs more branding, cognizance in the rural areas. Proper promotion of the product and
advertising its dominant advantages which could influence the market, is highly desired.
85 | P a g e
Limitations of the project
This research was limited to a particular area i.e. east singbhum and west Lucknow
There was time constraint as this research was to be completed within a specified period of
time.
During personal interview some of the customer was not available so the visit was done 2-3
times and it takes more time to complete this project.
In case of telephonic conversation most of the customer cannot contacted because of
changed phone number, network problem or some of the customer mobile is switch off etc.
86 | P a g e
87 | P a g e
Chapter 10
Annexure
88 | P a g e
Annexure
Questionnaire
Q1) what are the attributes important for you, when making decision of buying a SCV?
a) Capacity f) Price
b) Brand g) Engine
d) Safety I) Scv
e) Above 500
89 | P a g e
Q7) which all vehicles did you preferred while buying this?
a) Maruti Suzuki
b) Mahindra
c) Ashok Leyland
d) Others (Specify_____________________________)
Q11) Are you satisfied with this vehicle? (Rate between 1-5, 5 being the best)
b) Mileage f) Safety
c) Suspension g) Scv
d) Engine h) Price
Q13) Do you know about the features of TATA ACE GOLD which make it best in the
category?
d) Steel body
90 | P a g e
e) Small turning radius
f) Comfort (steering wheel, sliding seats, wide windscreen, and big cabin)
Q14) if we provide you 4W micro-truck at the price auto, will you prefer it?
a) Yes b) no
Comments:_________________________________________________________________
__________________________________________________________________________
__________________________________________________________________________
__________________________________________________________________________
____________________________________________
Name:-__________________________________________
Address:-____________________________________________________________
____________________________________________________________
Phone Number:-______________
Signature of Respondent
91 | P a g e
TATA ACE GOLD feedback
Name:-__________________________________________
Address:-____________________________________________________________
____________________________________________________________
Phone Number:-______________
a) Design
b) Pick up
c) Speed
d) Comfort
e) Reasonable price
f) Durability
g) Strong body
j) Engine
a) Yes b) no
92 | P a g e
Q6) Travelling route?
Price
Mileage
Brand
Cost
Safety
Comfort
Payload
Suspension
Engine
power
93 | P a g e
Q13) what are the issues you came across while using the vehicle?
a) Maintenance b) Suspension
Q14) if it was not ACE which would be your next alternative option:
____________________________
Suggestion:
________________________________________________________________________
________________________________________________________________________
Signature of Respondent
94 | P a g e
Chapter 10
Bibliography
95 | P a g e
Bibliography
Websites
www.tatamotors.com
www.tata.com
www.frost.com
www.business-standard.com
En.wikipedia.org
www.ukessays.com
Online Report
Indian Three-Wheeler Industry: Overview by ICRA Research
Magazine
4P Business & Marketing
Business World
96 | P a g e