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A STUDY ON CUSTOMER SATISFACTION

TOWARDS BAJAJ PULSAR, CHENNAI

PROJECT REPORT

Submitted By

PRIYA.K
Register No: 16103230

In partial fulfillment for the award of the degree


of

BACHELOR OF COMMERCE

IN

DEPARTMENT OF COMPUTER APPLICATION

VELS INSTITUTE OF SCIENCE TECHNOLOGY AND

ADVANCED STUDIES

PALLAVARAM,CHENNAI – 600 117.

2018-2019
VELS INSTITUTE OF SCIENCE TECHNOLOGY AND
ADVANCED STUDIES
PALLAVARAM,CHENNAI – 600 117

DEPARTMENT OF MANAGEMENT STUDIES

PROJECT WORK

2018-2019

This is to certify that the project report entitled

“A STUDY ON CUSTOMER SATISFACTION TOWARDS

BAJAJ PULSAR ,CHENNAI”

is the bonafide record of project work done by

PRIYA.K
Register No: 16103230

of Bachelor Of Commerce during the year 2018-2019

Faculty Guide Head of the Department/Director

Submitted for the project Viva-Voce examination held on

Internal Examiner External Examiner


DECLARATION

I affirm that the project work titled “A STUDY ON CUSTOMER

SATISFACTION TOWARDS BAJAJ PULSAR,CHENNAI” being


submitted in partial fulfillment for the award of Master of Business Administration is the
original work carried out by me. It has not formed the part of any other project work
submitted for award of any degree or diploma, either in this or any other University.

(Signature of the Candidate)

PRIYA.K
Register No; 16103230

I certify that the declaration made above by the candidate is true.

Signature of the Guide,

R.Elavarasan
Lecturer
Department of Commerce

VISTAS
ACKNOWLEDGEMENT

.
We pay our respectful thanks to our head of the department S.Subramanian
of Commerce dept,. for his efforts, thoughtful comments, grateful advice,
encouragement and counsel throughout the course of our study. Without his
invaluable guidance and support our project work would have been mere dream.
We pay our respectful thanks to our guide,R.ELAVARASAN,B.COM.,
Commerce Department for his efforts, thoughtful comments, grateful advice,
encouragement and counsel throughout the course of our study. Without his
invaluable guidance and support our project work would have been mere dream.
Above all, I thank Almighty god and My Parents for giving me the grace and
content support in successfully completing this project to the best of my ability.
CONTENTS

CHAPTERS DESCRIPTIONS PAGE


NO
1 INTRODUCTION

1.1 ABOUT THE INDUSTRY 1

1.2 ABOUT THE COMPANY 5

1.3 ABOUT THE STUDY 9

1.3.1 OBJECTIVES OF THE STUDY 12

1.3.2 SCOPE OF THE STUDY 13

1.3.3. LIMITATIONS OF THE STUDY 14

2 REVIEW OF LITERATURE 15

3 ANALYSIS AND INTERPRETATIONS 19

4 FINDINGS AND CONCLUSION 61


LIST OF TABLES

S.NO DESCRIPTIONS PAGE


NO

1 Table showing the age group of the respondents 19

2 Table showing the occupations of the respondents 21

3 Table showing the income of the respondents 23

4 Table showing the educational qualification 25

5 Table showing the awareness of various series of pulsar 27


motorcycle

6 Table showing the awareness of product series 29

7 Table showing the reason for not choosing the product 31

8 Table showing the source of information 33

9 Table showing the duration of using the product 35

10 Table showing the satisfaction level of brand image 37

11 Table showing the satisfaction level of mileage 39

12 Table showing the satisfaction level of price 41

13 Table showing the satisfaction level of resale value 43

14 Table showing the satisfaction level of popularity 45

15 Table showing the satisfaction level of comfort 47

16 Table showing the satisfaction level of maintenance 49

17 Table showing the satisfaction level of safety 51

18 Table showing the awareness of free services 53

19 Table showing the services provided 55

20 Table showing the free services given by pulsar motorcycle 57


LIST OF CHARTS

S. NO DESCRIPTIONS PAGE NO
1 Chart showing the age of the respondents 20

2 Chart showing the occupations of the respondents 22

3 Chart showing the income of the respondents 24

4 Chart showing the educational qualification 26

5 Chart showing the awareness of various series of pulsar 28


motorcycle

6 Chart showing the awareness of product series 30

7 Chart showing the reason for not choosing the product 32

8 Chart showing the source of information 34

9 Chart showing the duration of using the product 36

10 Chart showing the satisfaction level of brand image 38

11 Chart showing the satisfaction level of mileage 40

12 Chart showing the satisfaction level of price 42

13 Chart showing the satisfaction level of resale value 44

14 Chart showing the satisfaction level of popularity 46

15 Chart showing the satisfaction level of comfort 48

16 Chart showing the satisfaction level of maintenance 50

17 Chart showing the satisfaction level of safety 52

18 Chart showing the awareness of free services 54

19 Chart showing the services provided 56

20 Chart showing the free services given by pulsar 58


motorcycle
ABSTRACT

This topic is selected in order to Study and identify the Customer Satisfaction
Level of Bajaj Pulsar in Chennai city.
A questionnaire was prepared consisting of 22 questions. Around 150
respondents were questioned. The questionnaire circulation covered customers of
Bajaj Pulsar in Chennai City.
A descriptive study was undertaken. Simple Random Sampling technique was
used. Simple percentage analysis and chi square method was used.
In this project the following were researched and studied in detail. The
Customers attitude towards Bajaj pulsar , to determine the effects of the company
image on the sales and also to find the reason for buying pulsar motorcycle.
CHAPTER 1
1.INTRODUCTION
1.1 ABOUT THE INDUSTRY

India is the second largest producer and manufacturer of two-wheelers in the


world. It stands next only to Japan and China in terms of the number of two-wheelers
produced and domestic sales respectively. Indian two-wheeler industry has got
spectacular growth in the last few years. Indian two-wheeler industry had a small
beginning in the early 50's. The Automobile Products of India (API) started
manufacturing scooters in the country. Bikes are a major segment of Indian two
wheeler industry, the other two being scooters and mopeds. Indian companies are
among the largest two-wheeler manufacturers in the world.
In the initial stages, the scooter segment was dominated by API; it was later
overtaken by Bajaj Auto. Although various government and private enterprises
entered the fray for scooters, the only new player that has lasted till today is LML.
The motorcycle segment was initially dominated by Enfield 350cc bikes and Escorts
175cc bike.
The two-wheeler market was opened to foreign competition in the mid-80s.
And the then market leaders - Escorts and Enfield - were caught unaware by the
onslaught of the 100cc bikes of the four Indo-Japanese joint ventures. With the
availability of fuel efficient low power bikes, demand swelled, resulting in Hero
Honda - then the only producer of four stroke bikes (100cc category), gaining a top
slot.The first Japanese motorcycles were introduced in the early eighties. TVS Suzuki
and Hero Honda brought in the first two-stroke and four-stroke engine motorcycles
respectively. These two players initially started with assembly of CKD kits, and later
on progressed to indigenous manufacturing. In the 90s the major growth for
motorcycle segment was brought in by Japanese motorcycles, which grew at a rate of
nearly 25% CAGR in the last five years.
The industry had a smooth ride in the 50s, 60s and 70s when the Government
prohibited new entries and strictly controlled capacity expansion. The industry saw a
sudden growth in the 80s. The industry witnessed a steady growth of 14% leading to a
peak volume of 1.9mn vehicles in 1990. In 1990, the entire automobile industry saw
a drastic fall in demand. This resulted in a decline of 15% in 1991 and 8% in 1992,
resulting in a production loss of 0.4mn vehicles. Barring Hero Honda, all the major
producers suffered from recession in FY93 and FY94. Hero Honda showed a
marginal decline in 1992.The reasons for recession in the sector were the incessant
rise in fuel prices, high input costs and reduced purchasing power due to significant
rise in general price level and credit crunch in consumer financing. Factors like
increased production in 1992, due to new entrants coupled with the recession in the
industry resulted in company either reporting losses or a fall in profits. Key players in
the Two-wheeler Industry:
There are many two-wheeler manufacturers in India. Major players in the 2-
wheeler industry are Hero Honda Motors Ltd (HHML), Bajaj Auto Ltd (Bajaj Auto)
and TVS Motor Company Ltd (TVS).
The other key players in the two-wheeler industry are Kinetic Motor Company
Ltd (KMCL), Kinetic Engineering Ltd (KEL), LML Ltd (LML), Yamaha Motors
India Ltd (Yamaha), Majestic Auto Ltd (Majestic Auto), Royal Enfield Ltd (REL) and
Honda Motorcycle & Scooter India (P) Ltd (HMSI).
Evolution of two wheeler in India
Two-wheeler segment is one of the most important components of the automobile
sector that has undergone significant changes due to shift in policy environment. The
two-wheeler industry has been in existence in the country since 1955. It consists of
three segments viz. scooters, motorcycles and mopeds. According to the figures
published by SIAM, the share of two-wheelers in automobile sector in terms of units
sold was about 80 per cent during 2003-04. This high figure itself is suggestive of the
importance of the sector. In the initial years, entry of firms, capacity expansion,
choice of products including capacity mix and technology, all critical areas of
functioning of an industry, were effectively controlled by the State machinery. The
lapses in the system had invited fresh policy options that came into being in late
sixties. Amongst these policies, Monopolies and Restrictive Trade Practices (MRTP)
and Foreign Exchange Regulation Act (FERA) were aimed at regulating monopoly
and foreign investment respectively. This controlling mechanism over the industry
resulted in: (a) several firms operating below minimum scale of efficiency; (b) under-
utilisation of capacity; and (c) usage of outdated technology. Recognition of the
damaging effects of licensing and fettering policies led to initiation of reforms, which
ultimately took a more prominent shape with the introduction of the New Economic
Policy(NEP)in1985.

However, the major set of reforms was launched in the year 1991 in response to the
major macroeconomic crisis faced by the economy. The industrial policies shifted
from a regime of regulation and tight control to a more liberalised and competitive
era. Two major results of policy changes during these years in two-wheeler industry
were that the, weaker players died out giving way to the new entrants and superior
products and a sizeable increase in number of brands entered the market that
compelled the firms to compete on the basis of product attributes. Finally, the two-
¬wheeler industry in the country has been able to witness a proliferation of brands
with introduction of new technology as well as increase in number of players.
However, with various policy measures undertaken in order to increase the
competition, though the degree of concentration has been lessened over time,
deregulation of the industry has not really resulted in higher level of competition.
There is a large untapped market in semi-urban and rural areas of the country. Any
strategic planning for the two¬-wheeler industry needs to identify these markets with
the help of available statistical techniques. Potential markets can be identified as well
as prioritised using these techniques with the help of secondary data on socio-
economic parameters. For the two-wheeler industry, it is also important to identify the
target groups for various categories of motorcycles and scooters. With the formal
introduction of secondhand car market by the reputed car manufacturers and easy loan
availability for new as well as used cars, the two-wheeler industry needs to upgrade
its market information system to capture the new market and to maintain its already
existing markets. Availability of easy credit for two-wheelers in rural and smaller
urban areas also requires more focussed attention. It is also imperative to initiate
measures to make the presence of Indian two-wheeler industry felt in the global
market. Adequate incentives for promoting exports and setting up of institutional
mechanism such as Automobile Export Promotion Council would be of great help for
further surge in demand for the Indian two-wheeler industry.

National Council of Applied Economic Research (NCAER) had forecast two-wheeler


demand during the period 2002¬-03 through 2011-12. The forecasts had been made
using econometric technique along with inputs obtained from a primary survey
conducted at 14 prime cities in the country. Estimations were based on Panel
Regression, which takes into account both time series and cross section variation in
data. A panel data of 16 major states over a period of 5 years ending 1999 was used
for the estimation of parameters. The models considered a large number of macro-
economic, demographic and socio-economic variables to arrive at the best estimations
for different two-wheeler segments. The projections have been made at all India and
regional levels. Different scenarios have been presented based on different
assumptions regarding the demand drivers of the two-wheeler industry. The most
likely scenario assumed annual growth rate of Gross Domestic Product (GDP) to be
5.5 per cent during 2002¬-03 and was anticipated to increase gradually to 6.5 per cent
during 2011¬-12. The all-India and region-wise projected growth trends for the
motorcycles and scooters are presented in Table 1. The demand for mopeds is not
presented in this analysis due to its already shrinking status compared to' motorcycles.

It is important to remember that the above-mentioned forecast presents a long-term


growth for a period of 10 years. The high growth rate in motorcycle segment at
present will stabilize after a certain point beyond which a condition of equilibrium
will set the growth path. Another important thing to keep in mind while interpreting
these growth rates is that the forecast could consider the trend till 1999 and the model
could not capture the recent developments that have taken place in last few years.
However, this will not alter the regional distribution to a significant extent.

Table 1 suggests two important dimensions for the two-¬wheeler industry. The
region-wise numbers of motorcycle and scooter suggest the future market for these
segments. At the all India level, the demand for motorcycles will be almost 10 times
of that of the scooters. The same in the western region will be almost 20 times. It is
also evident from the table that motorcycle will find its major market in the western
region of the country, which will account for more than 40 per cent of its total
demand. The south and the north-central region will follow this. The demand for
scooters will be the maximum in the northern region, which will account for more
than 50 per cent of the demand for scooters in 2011-12.
ABOUT THE COMPANY

COMPANY’S PROFILE:

Bajaj Auto came into existence on November 29, 1945 as M/s Bachraj
Trading Corporation Private Limited. It started off by selling imported two- and three
wheelers in India. In 1959, it obtained license from the Government of India to
manufacture two- and three-wheelers and it went public in 1960. In 1970, it rolled out
its 100,000th vehicle. In 1977, it managed to produce and sell 100,000 vehicles in a
single financial year. In 1985, it started producing at Waluj in Aurangabad. In 1986, it
managed to produce and sell 500,000 vehicles in a single financial year. In 1995, it
rolled out its ten millionth vehicles and produced and sold 1 million vehicles in a year.
Bajaj Auto Limited.
The Groups' principal activity is to manufacture two and three wheeler
vehicles. Other activities of the group include insurance and investment business. The
Group operates in three segments, which are Automotive, Insurance and Investment
and Others. It has a network of 498 dealers and over 1,500 service dealers and 162
exclusive three-wheeler dealers spread across the country.
About Bajaj
The Bajaj Group is amongst the top 10 business houses in India. Its footprint
stretches over a wide range of industries, spanning automobiles (two-wheelers
and three-wheelers), home appliances, lighting, iron and steel, insurance, travel and
finance. The group’s flagship company, Bajaj Auto, is ranked as the world’s fourth
largest two- and three- wheeler manufacturer and the Bajaj brand is well-known in
over a dozen countries in Europe, Latin America, the US and Asia. Founded in 1926,
at the height of India's movement for independence from the British, the group has an
illustrious history. The integrity, dedication, resourcefulness and determination to
succeed which are characteristic of the group today, are often traced back to its birth
during those days of relentless devotion to a common cause. Jamnalal Bajaj, founder
of the group, was a close confidant and disciple of Mahatma Gandhi. In fact, Gandhiji
had adopted him as his son. This close relationship and his deep involvement in the
independence movement did not leave Jamnalal Bajaj with much time to spend on his
newly launched business venture. His son, Kamalnayan Bajaj, then 27, took over the
reins of business in 1942. He too was close to Gandhiji and it was only after
Independence in 1947, that he was able to give his full attention to the business.
Kamalnayan Bajaj not only consolidated the group, but also diversified into various
manufacturing activities.
The present Chairman and Managing Director of the group, Rahul Bajaj, took
charge of the business in 1965. Under his leadership, the turnover of the Bajaj Auto
the flagship company has gone up from Rs.72 million to Rs.46.16 billion (USD5 936
million), its product portfolio has expanded from one to and the brand has found a
global market. He is one of India’s most distinguished business leaders and
internationally respected for his business acumen and entrepreneurial spirit.

Bajaj Pulsar is a motorcycle brand owned by Bajaj Auto in India. The two wheeler
was developed by the product engineering division of Bajaj Auto in association with
motorcycle designer Glynn Kerr Tokyo R&D.Currently there are four variants
available -with engine capacities of 135 cc, 150cc, 180cc and 220 cc. More than a
million units of Pulsar were sold by November 2005. With monthly sales of more
than 48,000 units in June 2009, Pulsar is the leader in the 150 cc segment in India
with a market share of 43%

Before the introduction of the Pulsar, the Indian motorcycle market trend was towards
fuel efficient, small capacity motorcycles (that formed the 80-125 cc class). Bigger
motorcycles with higher capacity virtually did not exist (except for Enfield Bullet).
The launch and success of Hero Honda CBZ in 1999 showed that there was demand
for performance bikes. Bajaj took the cue from there on and launched the Pulsar twins
in India on November 24, 2001. Since the introduction and success of Bajaj Pulsar,
Indian youth began expecting high power and other features from affordable
motorcycles.

The project was faced with internal resistance, reservations by Mckinsey and doubts
on its effects on Bajaj's relation with Kawasaki. The project required approximately
36 months for completion and cost Bajaj Rs 1 billion.
DTSi

DTSi stands for Digital Twin Spark Ignition, a Bajaj Auto trademark. Bajaj Auto
holds an Indian patent for the DTSi technology. The Alfa Romeo Twin-Spark
engines, the BMW F650 Funduro which was sold in India from 1995 to 1997 also had
a twin-spark plug technology, and the Rotax motorcycle engines,more recently
Honda's iDSI Vehicle engines use a similar arrangement of two spark-plugs. However
very few small capacity engines did eventually implement such a scheme in their
production prototype.

Patent infringement allegations

In September 2007, Bajaj Auto filed a claim accusing that the development of TVS
Flame was in violation of their patent for DTS-I. TVS Motors countered by
threatening to sue Bajaj Auto for libel.On February 2008, the Madras High Court in
Chennai restrained TVS from launching it with the twin spark plug technology. TVS
appealed against this decision, claiming that crucial evidence was not taken into
account and in March 2008, launched the Flame with a modified engine containing
one spark plug.The DTSi idea is a simple one to understand - it involved usage of two
spark plugs (instead of one) per engine cylinder.

ExhausTEC

ExhausTEC stands for Exhaust Torque Expansion Chamber, a technology patented by


Bajaj.The technology involves use of a small chamber connected to the exhaust pipe
of the engine to modify the back-pressure and the swirl characteristics, with an aim to
improve the low-end performance of the bikes. The ExhausTEC technology is
claimed to be highly effective in improving the low- and mid-range torque.

Since 1986, there is a technical tie-up of Bajaj Auto Ltd. with Kawasaki Heavy
Industries of Japan to manufacture state-of-art range of latest two-wheelers in India.
The JV has already given the Indian market the KB series, 4S and 4S Champion,
Boxer, the Caliber series, and Wind125.
Kawasaki Heavy Industries is a Fortune 500 company with a turnover of USD 10
billion (Rs. 45,840 crore). It has crafted new technologies for more than hundred
years. The technologies of KHI have redefined space systems, aircrafts, jet engines,
ships, locomotive, energy plants, automation system, construction machinery, and of
KHI has given the world its legendary series of 600-1200cc Ninja and 1600 Vulcan
bikes. Straight from its design boards, the Kawasaki Bajaj Eliminator, India's first real
cruiser bike, redefines the pleasure of "biking" in looks as well as performance.

Company Flashback

'Inspiring Confidence,' the tagline, has build up confidence, through excitement


engineering, not only to domestic consumers but also internationally. Established just
eight decades back in 1926 by Jamnalal Bajaj, the company has been vested with
India's largest exporter of two and three wheelers, 196,710 units in 2004-05, a great
Bajaj Auto Ltd. sales have increased by approximately 21 per cent in the year 2004-
05, which exceeds Rs 65.4 billion, a record in the history of the company. The gross
operating profit stands at Rs. 9.3 billion, again a record. The profits after tax of the
BAL are close to Rs. 7.7 billion, and the pre-tax return on operating. Capital
The strength of the company is its quality products, excellence in engineering and
design, and its ability to delight the customers. The Pulsar, introduced in November
2004, is continually dominating the premium segment of the motorcycle market,
helping to maintain the market superiority. Discover DTSi, one more successful bike
on Indian roads, is in the 'value' segment of the motorcycle market. It incorporates a
high degree of power with fuel efficiency of a 100 cc motorcycle.
BAL is committed to prevention of pollution, continual improvement of environment
performance and compliance with all environmental legislation and regulations. They
always believe in providing the customer 'value for money' and keeps an special eye
upon quality, safety, productivity, cost and delivery.
ABOUT THE STUDY
Customer satisfaction

Customer satisfaction, a business term, is a measure of how products and services


supplied by a company meet or surpass customer expectation. It is seen as a key
performance indicator within business and is part of the four of a Scorecard. In a
competitive marketplace where businesses compete for customers, customer
satisfaction is seen as a key differentiator and increasingly has become a key element
of business strategy. There is a substantial body of empirical literature that establishes
the benefits of customer satisfaction for firms.

Measuring customer satisfaction

Organizations need to retain existing customers while targeting non-customers;[2].


Measuring customer satisfaction provides an indication of how successful the
organization is at providing products and/or services to the marketplace.Customer
satisfaction is an abstract concept and the actual manifestation of the state of
satisfaction will vary from person to person and product/service to product/service.
The state of satisfaction depends on a number of both psychological and physical
variables which correlate with satisfaction behaviors such as return and recommend
rate. The level of satisfaction can also vary depending on other factors the customer,
such as other products against which the customer can compare the organization's
products.

Improving Customer Satisfaction

Published standards exist to help organizations develop their current levels of


customer satisfaction. The International Customer Service Institute (TICSI) has
released The International Customer Service Standard (TICSS). TICSS enables
organizations to focus their attention on delivering excellence in the management of
customer service, whilst at the same time providing recognition of success through a
3rd Party registration scheme. TICSS focuses an organization’s attention on
delivering increased customer satisfaction by helping the organization through a
Service Quality Model.
TICSS Service Quality Model uses the 5 P's - Policy, Processes, People, Premises,
Product/Services, as well as performance measurement. The implementation of a
customer service standard should lead to higher levels of customer satisfaction, which
in turn influences customer retention and customer loyalty.

Customer Satisfaction – a Critical Component of Profitability

Exceptional customer service results in greater customer retention, which in turn


results in higher profitability. Customer loyalty is a major contributor to sustainable
profit growth. To achieve success, you must make superior service second nature of
your organization. A seamless integration of all components in the service-profit
chain – employee satisfaction, value creation, customer satisfaction, customer loyalty,
and profit and growth – links all the critical dynamics of top customer service.

Customer Expectations

Customer is defined as anyone who receives that which is produced by the individual
or organization that has value. Customer expectations are continuously increasing.
Brand loyalty is a thing of the past. Customers seek out products and producers that
are best able to satisfy their requirements. A product does not need to be rated highest
by customers on all dimensions, only on those they think are important.

Measuring Customer Satisfaction

To execute a successful client satisfaction survey, build one that your customers have
the time and inclination to respond to, and that delves into the types of information
that will truly help enhance your performance. By carefully constructing a brief, yet
strong, survey, you can discover what your customers believe your strengths and
weaknesses are and what makes your customers loyal to your company.

Customers for Life

By: Brian Tracy

The purpose of a business is to create and keep a customer. If a business successfully


creates and keeps customers in a cost-effective way, it will make a profit while
continuing to survive and thrive. If, for any reason, a business fails to attract or sustain
a sufficient number of customers, it will experience losses. Too many losses will lead
to the demise of the enterprise.
According to Dun and Bradstreet, the single, most important reason for the failure of
businesses in America is lack of sales. And, of course, this refers to resales as well as
initial sales. So your company’s job is to create and keep a customer, and your job is
exactly the same. Remember, no matter what your official title is, you are a
salesperson for yourself and your company.

Satisfaction is a person’s feelings of pleasure or disappointment resulting from


comparing a product’s perceived performance (or outcome) in relation to his or her
expectations. Whether the buyer is satisfied after purchase depends on the offer’s
performance in relation to the buyer’s expectations. If the performance falls short of
the expectations, the customer is dissatisfied. If the performance matches the
expectations, the customer is satisfied. If the performance exceeds expectations the
customer is highly satisfied or delighted. A company would be wise to measure
customer satisfaction regularly because one key to customer retention is customer
satisfaction. A highly satisfied customer generally stays loyal longer, buys more as the
company introduces new products and upgrades existing products, talks favourably
about the company and its products, pays less attention to competing brands and is
less sensitive to price, offers product or service ideas to the company, and costs less to
serve than new customers because transactions are routine. It could mean early
delivery, on-time delivery, order completeness, and so on. The company must also
realize that two customers can report being “highly satisfied” for different reasons.
One may be easily satisfied most of the time and the other might be hard to please but
was pleased on this occasion. A number of methods exist to measure customer
satisfaction. Periodic surveys can track customer satisfaction directly. Respondents
can also be asked additional questions to measure repurchase intention and the
likelihood or willingness to recommend the company and brand to others. Companies
that do achieve high customer satisfaction ratings make sure their target market knows
it. Although the customer-centered firm seeks to create high customer satisfaction,
that is not its ultimate goal. The company might be able to increase its profitability by
means other than increased satisfaction (for example, by improving manufacturing
processes or investing more on R&D). Also, the company has many stakeholders,
including employees, dealers, suppliers and stock holders.
OBJECTIVES OF THE STUDY

Primary objective:
 To measure the customer satisfaction towards Bajaj Pulsar, Chennai.

Secondary objectives:

 To find out the factors influencing customer to purchase Bajaj pulsar.

 To find out the customer satisfaction towards free service given by the
company.

 To determine the company image on sales.


SCOPE OF THE STUDY

This study is useful for me as well as for the company for identifying the Customer
satisfaction level towards Bajaj Pulsar in Chennai city. For company, to identify the
customer attitude towards Bajaj Pulsar. And also this study helps me to create and
maintain a good relationship between the customer and the management.

Because of this study, the company may know what the customer is looking for and
also how to satisfy him regarding pulsar bike.
LIMITATIONS OF THE STUDY

1. Since the project duration was limited to Two months an elaborate study was not
possible.

2. Study was limited in Chennai City.

3. The sample size was limited to 150 customers of Bajaj pulsar in Chennai City.

4. During the survey most of the respondents contacted had newly purchased the
motorcycle thus they could not respond accurately i.e. their satisfaction level
and defects in the motorcycles.

5. The research is directly concerned with the study of human preference and
behavior and achieving absolute mathematical accuracy towards this was not
possible.
CHAPTER 2

REVIEW OF LITERATURE

Bardia Alimohamadi; Nasrin Khorshidi(1980)1In beginning of 1980s, a majority of


business sectors were suffering from high operating costs and inefficiencies which
were a big loss to these sectors. These inefficiencies and lack of effectiveness were
consequently producing high levels of customer dissatisfactions as well.

Mohammed Alam; AtiqurRahman Khokhar(2006)2 The banking services have


been dynamic during the last decade due to the advent of the Internet in banking
sector. One of the most vital challenges of the Internet as a service delivery channel is
providing and maintaining service quality. Service quality is an input of customer
trust which becomes satisfaction and lead to loyalty as an output.

Elinor Johnson(1984) 3 This study is based upon the premise that creating value is
the basis for all businesses. The research problem and ultimate purpose of the study is
to determine how customer perceived value can be improved at the Liberty Program,
Naples Italy.

Maria Hansson; Gunilla Hansson(2003)4 How shall effective and satisfactory


replenishment planning and information sharing be designed to improve the security
of consumer satisfaction? In which areas is it most essential to do changes in order to
come closer to a more desirable replenishment planning and information sharing
situation in the food supply chain? Purpose: The purpose of this master thesis is to
provide propositions for improving replenishment planning and information sharing
in the food supply chain in order to improve the consumer satisfaction. Method: The
background to this master thesis led us to be nominalists and functionalists with a
systems approach

Laleh Nosrati(1993)5 The daily growth of the internet and e-commerce has changed
the way of marketing and selling products and services. As a result of development in
electronic information resources and the evolution of the "digital age" product sellers
and information service providers face many new challenges.
Ina Landua(1986)6 Research Question/Purpose: Due to environmental legislation,
economic influences and increasing concern about the environment among the general
public, today’s businesses are becoming more committed to environmental issues.
Some enterprises yet have implemented a green strategy.

Parmita Saha; Yanni Zhao(2005)7 In the last few years we have witnessed a
substantial growth of internet-based services, both from pure Internet businesses and
from traditional companies that are developing online services. One of the key
challenges of the Internet as a service delivery channel is how they manage service
quality, which holds a significant importance to customer satisfaction.

Saadullah Khan(1994) 8 In the world of banking, the development in information


technology has an enormous effect on development of more flexible payment
methods and more-user friendly banking services. Electronic banking services are
new, and the development and diffusion of these technologies by financial institutions
is expected to result in a more efficient banking system.

Mojdeh Ghezelayagh(1995)9 Banking, one of the most information intensive sectors,


is an ideal domain for the successful development of e-commerce. The present study
focuses on e-commerce opportunities for improving customer services in the Iran
banking sector.

Ali Dehghan(1999)10 The purpose of this research was to gain a better understanding
of the service quality dimensions that affect customer satisfaction from customer
perspective. Based on a detailed literature review, a frame of reference was
developed. Some service quality dimensions were selected to be tested in CCG CO
operations .
CHAPTER 3
RESEARCH METHODOLOGY

Research is an original contribution to the existing stock of knowledge making


for its advancement. It is the pursuit of truth with the help of study, observation,
comparison and experiment. In short, the search for knowledge through objective and
systematic method of finding solution to a problem is research.
A research method refers to the methods the researchers use in performing
research operations. Research Methodology is a way to systematically solve the
research problem. By research methodology not only the research methods are
considered but also the logic behind the methods used in the context of the research
study and explanations are given on why a particular technique is used
RESEARCH DESIGN
The research design that is adopted in this study is Descriptive Research.
DESCRIPTIVE RESEARCH:
To describe the characteristics of the variables in a situation.
METHODS OF DATA COLLECTION
Sources of Data:
Data were collected through both primary and secondary data sources.
Primary Data
A primary data is a data, which is collected afresh and for the first time, and
thus happen to be original in character. The primary data with the help of
questionnaire were collected from various investors
Secondary Data
Secondary data consist of information that already exists somewhere, have
been collected. Secondary data is collected from company websites, other websites.
SAMPLING DESIGN
Sampling Method:
The sampling technique used is Simple Random sampling.
Sample Size:
The sample size for this study is 150 customers of Bajaj pulsar in Chennai
city.

Tools used for analysis :


Simple percentage method and chi square method was used.
1. Simple percentage analysis:
The percentage analysis is mainly used to standardize the response of the
respondents. This analysis is carried out for all the questions given in the
questionnaire, mainly to asses, how the respondents are distributed in each category.
Percentage analysis uses percentage to process the data this method is used as
a percentage simply number, reducing them into “0-100” range through percentage.
Percentage = n/N X 100
n = number of respondents assured.
N= Total number of respondents.
2. Chi – Square Test
It is useful to determine the sign can’t relationship between the two variables
The formula is used for chi-square test.

Chi-square = (oij-eij)2
eij
Where oij Observed frequency
eij Expected frequency
Expected frequency is calculated as follows

Expected value = Row total X column total


Grand total

Degree of freedom = (r-1) X(c-1)


Where,
R - Number of rows
C - Number of columns.
MODELS IN BAJAJ PULSAR

BAJAJ PULSAR 220F:

Engine Displ.: 220 cc

Power: 20.93 PS @ 8500 rpm

Mileage: 40 Kmpl

Gear Box: 5 Speed

Fuel System: Carburetor

ABS: no

Head Lamp: Low and High Projector Lamp With AHO

Wheels Type: Alloy

Tyre Type: Tubeless

Standard Warranty (Years): 2


BAJAJ PULSAR 180F:

Engine Displ.: 178.6 cc

Power: 17.02 PS @ 8500 rpm

Mileage: NA

Gear Box: 5 Speed

Fuel System: Fuel Injection

ABS: Single Channel

Head Lamp: Halogen

Wheels Type: Alloy

Tyre Type: Tubeless

Standard Warranty (Years): 2


BAJAJ PULSAR 180:

Engine Displ.: 178.6 cc

Power: 17.02 PS @ 8500 rpm

Mileage: 50 Kmpl

Gear Box: 5 Speed

Fuel System: Carburetor

ABS: Single Channel

Head Lamp: Halogen

Wheels Type: Alloy

Tyre Type: Tubeless

Standard Warranty (Years): 2


BAJAJ PULSAR NS200:

Engine Displ.: 199.5 cc

Power: 23.5 PS @ 9500 rpm

Mileage: 36.1 Kmpl

Gear Box: 6 Speed

Fuel System: Carburetor

ABS: no

Head Lamp: Blue Tinge With AHO

Wheels Type: Alloy

Tyre Type: Tubeless

Standard Warranty (Years): 2


BAJAJ PULSAR 150:

Engine Displ.: 149 cc

Power: 14 PS @ 8000 rpm

Mileage: 65kmpl

Gear Box: 5 Speed

Fuel System: Carburetor

ABS: no

Head Lamp: Halogen

Wheels Type: Alloy

Tyre Type: Tubeless

Standard Warranty (Years): 2


BAJAJ PULSAR RS220:

Engine Displ.: 199.5 cc

Power: 24.5 PS @ 9750 rpm

Mileage: 35 Kmpl

Gear Box: 6 Speed

Fuel System: Fuel Injection

ABS: no

Head Lamp: Low and High Beam Projector

Wheels Type: Alloy

Tyre Type: Tubeless

Standard Warranty (Years): 2


UPCOMING BIKE MODELS

BAJAJ PULSAR RS200:

BAJAJ PULSAR 135LS:


CHAPTER 4

ANALYSIS AND INTERPRETATION


TABLE NO: 4.1

TABLE SHOWING THE AGE GROUP OF THE RESPONDENTS

Age group No: of respondents Percentage


Below 20 years 30 20

20-40 years 70 46.7

40-60 years 30 20

Above 60 years 20 13.3

Total 150 100


INTERPRETATION:

The above table shows that 20% of the respondents are age group of below 20,
46.7% of the respondents age is between 20-40, 20% of the respondents age is
between 40-60 and 13.3% of the respondents age is above 60.
CHART NO: 4.1

CHART SHOWING THE AGE GROUP OF THE RESPONDENTS

AGE GROUP OF THE


RESPONDENTS

50
PERCENTAGE

40
30
46.7
20
10 20 20
13.3
0
Below 20 20-40 40-60 Above 60
AGE GROUP
TABLE NO: 4.2

TABLE SHOWING THE OCCUPATION OF THE RESPONDENTS

Occupation No: of the respondents Percentage


students 30 20

businessmen 20 13.4
Working professional 80 53.2
others 20 13.4
Total 150 100

INTERPRETATION:

The above table shows that 20% of respondents are students, 13.4% of the
respondents are businessmen, 53.2% of the respondents are working professionals and
13.4% of the respondents belong to others.
CHART NO: 4.2

CHART SHOWING THE OCCUPATION OF THE RESPONDENTS

OCCUPATION OF THE RESPONDENTS

60
PERCENTAGE
50
40
30
53.2
20
10 20 13.4 13.4
0

OCCUPATION
TABLE NO: 4.3

TABLE SHOWING THE INCOME OF THE RESPONDENTS

Income level No: of respondents Percentage

Less than 5000 12 8

5001-10000 33 22

10001-15000 78 52

Above 15001 27 18

Total 150 100

INTERPRETATION:

The above table shows that 8% of the respondents income is less than 5000, 22% of
the respondents is between 5001-10000, 52% of the respondents is between 10001-
15000 and 18% of the respondents income is between above 15001.
CHART NO 4.3

CHART SHOWING THE INCOME OF THE RESPONDENTS

INCOME OF THE RESPONDENTS

60
50
PERCENTAGE

40
30
52
20
10 22 18
8
0
Less than 5001-10000 10001- Above
5000 15000 15001
INCOME
TABLE NO 4.4

TABLE SHOWING EDUCATIONAL QUALIFICATION

Educational qualification No: of respondents Percentage

Schooling 21 14

graduate 79 52.6

Post graduate 50 33.4

Total 150 100

INTERPRETATION:

The above table shows that 14% of the respondents are school students, 52.6%
of the respondents are graduates and 33.3% of the respondents are post graduates.
CHART NO 4.4

CHART SHOWING EDUCATIONAL QUALIFICATION

EDUCATIONAL QUALIFICATION

60

50
PERCENTAGE

40

30
52.6
20
33.4
10
14
0
Schooling graduate Post graduate
TABLE NO: 4.5

TABLE SHOWING THE AWARENESS OF VARIOUS SERIES OF PULSAR


MOTORCYCLE

Awareness of No: of respondents Percentage


respondents

Yes 132 88

No 18 12

Total 150 100

INTERPRETATION:

The above table shows that 88% of the respondents are aware of
various series of pulsar motorcycle and 12% of the respondents are not aware of
various series of pulsar motorcycle.
CHART NO: 4.5

CHART SHOWING THE AWARENESS OF VARIOUS SERIES OF PULSAR


MOTORCYCLE

AWARENESS ABOUT VARIOUS SERIES


OF PULSAR MOTORCYCLE

100

80
PERCENTAGE

60

40 88

20
12
0
Yes No
TABLE NO 4.6

TABLE SHOWING THE AWARENESS OF THE PRODUCT


SERIES

Product series No: of respondents Percentage

150 cc 25 16.6

180 cc 70 46.8

200 cc 25 16.6

220 cc 30 20

Total 150 100

INTERPRETATION:

The above table shows that 16.6% of the respondents are aware of
150cc, 46.8% of the respondents are aware of 180cc, 16.6% of the respondents are
aware of 200cc and 20% of the respondents are aware of 220cc.
CHART NO: 4.6

CHART SHOWING THE AWARENESS OF THE PRODUCT SERIES

AWARENESS ABOUT THE PRODUT


SERIES

50

40
PERCENTAGE

30
46.8 percentage
20

10 16.6 16.6 20

0
150 cc 180 cc 200 cc 220 cc
PRODUT SERIES
TABLE NO: 4.7

TABLE SHOWING THE REASON FOR NOT CHOOSING THE PRODUCT

Reasons No: of respondents Percentage


Unawareness 75 50
Not interested 75 50
Total 150 100

INTERPRETATION:

The above table shows that 50% of the respondents are not aware for choosing the
product and 50% of the respondents are not interested in choosing the product.
CHART NO: 4.7

CHART SHOWING THE REASON FOR NOT CHOOSING THE PRODUCT

REASON FOR NOT CHOOSING THE


PRODUCT

60

50
PERCENTAGE

40

30
50 50
20

10

0
Unawareness Not interested
TABLE NO: 4.8
TABLE SHOWING THE SOURCE OF INFORMATION

Source of information No: of respondents Percentage


Family 33 22
Friends 46 30.6
Media 42 28
Dealers 29 19.4
Total 150 100

INTERPRETATION:
The above table shows that 22% of the respondents got information from their
family,30.6% from their friends, 28% of them from the media and 19.4 % from
dealers.
CHART NO: 4.8

CHART SHOWING THE SOURCE OF INFORMATION

SOURCE OF INFORMATION

35
30
PERCENTAGE

25
20
15 30.6
28
10 22 19.4
5
0
Family Friends Media Dealers
SOURCE
TABLE NO: 4.9

TABLE SHOWING THE DURATION OF USING THE PRODUCT

Duration No: of respondents Percentage


Below 1 year 44 29.4
1-3 year 31 20.6
3-6 year 65 43.4
Above 6 year 10 6.6
Total 150 100

INTERPRETATION:

The above table shows that 29.4% of the respondents are using the product less than a
year, 20.6% of the respondents are using between 1-3 year, 43.4% of the respondents
are using between 3-6 year and 6.6% of the respondents are respondents are using for
more than 6 years.
CHART NO 4.9
CHART SHOWING THE DURATION OF THE PRODUCT

DURATION OF USING THE PRODUCT

50
PERCENTAGE

40

30

20 43.4
29.4
10 20.6
6.6
0
Below 1 1-3 year 3-6 year Above 6
year year
DURATION
TABLE NO 4.10

TABLE SHOWING SATISFACTION LEVEL OFTHE BRAND IMAGE

Brand image No: of respondents Percentage


Highly satisfied 111 74
Satisfied 22 14.6
Neutral 0 0
Dissatisfied 12 8
Highly dissatisfied 5 3.4
Total 150 100

INTERPRETATION:

The above table shows that 74% of the respondents are highly satisfied with the brand
image, 14.6% of the respondents are satisfied with the brand image, 8% of the
respondents are dissatisfied and 3.4% of the respondents are highly dissatisfied with
the brand image.
CHART NO 4.10

CHART SHOWING SATISFACTION LEVEL OF THE BRAND IMAGE

SATISFACTION LEVEL OF THE BRAND


IMAGE

80
70
PERCENTAGE

60
50
40 74
30
20
10 14.6
0 0 8 3.4

BRAND IMAGE
TABLE NO 4.11
TABLE SHOWING THE SATISFACTION LEVEL TOWARDS MILEAGE

Mileage No: of respondents Percentage


Highly satisfied 94 62.6
Satisfied 5 16.7
Neutral 6 4
Dissatisfied 13 8.7
Highly dissatisfied 12 8
Total 150 100

INTERPRETATION:

The above table shows that 62.6% of the respondents are highly satisfied with the
mileage, 16.7% of the respondents are satisfied with the mileage, 4% of respondents
have no idea about mileage, 8.7 % of the respondents are dissatisfied and 8% of the
respondents are highly dissatisfied.
CHART NO 4.11
CHART SHOWING THE SATISFACTION LEVEL TOWARDS MILEAGE

SATISFACTION LEVEL TOWARDS


MILEAGE

70
PERCENTAGE

60
50
40
30 62.6
20
10 16.7
0 4 8.7 8

MILEAGE
TABLE NO 4.12

TABLE SHOWING THE SATISFACTION LEVEL TOWARDS PRICE

Price No: of respondents Percentage


Highly satisfied 31 20.6
Satisfied 26 17.4
Neutral 10 6.6
Dissatisfied 50 33.4
Highly dissatisfied 33 22
Total 150 100

INTERPRETATION:

The above table shows that 20.6% of the respondents are highly satisfied with the
price, 17.4% of the respondents are satisfied with the price, 6.6% of respondents have
no idea about price, 33.4 % of the respondents are dissatisfied and 22% of the
respondents are highly dissatisfied.
CHART NO 4.12

CHART SHOWING THE SATISFACTION LEVEL TOWARDS PRICE

SATISFACTION LEVEL TOWARDS


PRICE

40
PERCENTAGE

35
30
25
20
15 33.4
10 20.6 17.4 22
5 6.6
0
Neutral
Satisfied

Dissatisfied
satisfied

dissatisfied
Highly

Highly
PRICE
TABLE NO 4.13

TABLE SHOWING THE SATISFACTION LEVEL TOWARDS RESALE


VALUE

Price No: of respondents Percentage


Highly satisfied 42 28
Satisfied 31 20.6
Neutral 10 6.7
Dissatisfied 33 22
Highly dissatisfied 34 22.7
Total 150 100

INTERPRETATION:

The above table shows that 28% of the respondents are highly satisfied with the resale
value, 20.6% of the respondents are satisfied with the resale value, 6.7% of
respondents have no idea about resale value, 22% of the respondents are dissatisfied
and 22.7% of the respondents are highly dissatisfied.
CHART NO 4.13

CHART SHOWING THE SATISFACTION LEVEL TOWARDS RESALE


VALUE

SATISFACTION LEVEL TOWARDS


RESALE VALUE
PERCENTAGE 28
30 22 22.7
25 20.6
20
15 6.7
10
5
0

Dissatisfied
Satisfied

dissatisfied
Neutral
satisfied
Highly

Highly
RESALE VALUE
TABLE NO 4.14

TABLE SHOWING THE SATISFACTION LEVEL TOWARDS


POPULARITY

Popularity No: of respondents Percentage


Highly satisfied 115 76.6
Satisfied 14 9.4
Neutral 0 0
Dissatisfied 9 6
Highly dissatisfied 12 8
Total 150 100

INTERPRETATION:

The above table shows that 76.6% of the respondents are highly satisfied with the
popularity, 9.4% of the respondents are satisfied with the popularity, 6% of the
respondents are dissatisfied and 8% of the respondents are highly dissatisfied.
CHART NO 4.14

CHART SHOWING THE SATISFACTION LEVEL TOWARDS


POPULARITY

SATISFACTION LEVEL TOWARDS


POPULARITY

90
PERCENTAGE

80
70
60
50
40 76.6
30
20
10 9.4 8
0 0 6

POPULARITY
TABLE NO 4.15

TABLE SHOWING THE SATISFACTION LEVEL TOWARDS COMFORT

Comfort No: of respondents Percentage


Highly satisfied 98 65.4
Satisfied 32 21.4
Neutral 0 0
Dissatisfied 10 6.6
Highly dissatisfied 10 6.6
Total 150 100

INTERPRETATION:

The above table shows that 65.4% of the respondents are highly satisfied with the
comfortness, 21.4% of the respondents are satisfied with the comfortness, 6.6 % of
the respondents are dissatisfied and 6.6% of the respondents are highly dissatisfied.
CHART NO 4.15

CHART SHOWING THE SATISFACTION LEVEL TOWARDS COMFORT

SATISFACTION LEVEL TOWARDS


COMFORT

70
PERCENTAGE

60
50
40
30 65.4
20
10 21.4
0 0 6.6 6.6

Neutral
Satisfied
satisfied

dissatisfied
Dissatisfied
Highly

Highly
COMFORT
TABLE NO 4.16

TABLE SHOWING THE SATISFACTION LEVEL TOWARDS


MAINTENANCE

Maintenance No: of respondents Percentage


Highly satisfied 54 36
Satisfied 46 30.6
Neutral 5 3.4
Dissatisfied 39 26
Highly dissatisfied 6 4
Total 150 100

INTERPRETATION:

The above table shows that 36% of the respondents are highly satisfied with the
maintenance, 30.6% of the respondents are satisfied with the maintenance, 3.4% of
respondents have no idea about maintenance, 26 % of the respondents are dissatisfied
and 4% of the respondents are highly dissatisfied.
CHART NO 4.16

CHART SHOWING THE SATISFACTION LEVEL TOWARDS


MAINTENANCE
TABLE NO 4.17

TABLE SHOWING THE SATISFACTION LEVEL TOWARDS SAFETY

Safety No: of respondents Percentage


Highly satisfied 74 49.4
Satisfied 46 30.6
Neutral 8 5.4
Dissatisfied 12 8
Highly dissatisfied 10 6.6
Total 150 100

INTERPRETATION:

The above table shows that 49.4% of the respondents are highly satisfied with the
safety, 30.6% of the respondents are satisfied with the safety, 5.4% of respondents
have no idea about safety, 8% of the respondents are dissatisfied and 6.6% of the
respondents are highly dissatisfied.
CHART 4.17

CHART SHOWING THE SATISFACTION LEVEL TOWARDS SAFETY

SATISFACTION LEVEL TOWARDS


SAFETY

60 49.4
PERCENTAGE

50
40 30.6
30
20
5.4 8 6.6
10
0

SAFETY
TABLE NO 4.18

TABLE SHOWING THE AWARENESS OF FREE SERVICES

Awareness of free No: of respondents Percentage


services
yes 125 83.4
no 25 16.6
Total 150 100

INTERPRETATION

The above table shows that 83.4% of the respondents are aware of free services and
16.6% of the respondents are not aware of free services.
CHART NO 4.18

CHART SHOWING THE AWARENESS OF FREE SERVICES

AWARENESS OF FREE SERVICES

100
83.4
80

60

40
16.6
20

0
yes no
FREE SERVICE
TABLE NO 4.19

TABLE SHOWING THE SERVICES PROVIDED

Services provided No: of respondents Percentage


Below2 42 28
3 38 25.3
4 32 21.3
5 26 17.4
Above 5 12 8
Total 150 100

INTERPRETATION:

The above table shows that 28% of the respondents are provided services below 2
times, 25.3% are provided services for three times, 21.3% for 4 times, 17.4% of the
respondents for 5 times and 8% of the respondents are provided services above 5
times.
CHART NO 4.19

CHART SHOWING THE SERVICES PROVIDED

SERVICES PROVIDED

30

25
PERCENTAGE

20

15

10

0
Below2 3 4 5 Above 5
TABLE NO 4.20

TABLE SHOWING THE FREE SERVICES GIVEN BY THEM

Free services No: of respondents Percentage


Highly satisfied 94 62.6
Satisfied 41 27.4
Neutral 0 0
Dissatisfied 10 6.6
Highly dissatisfied 5 3.4
Total 150 100

INTERPRETATION:

The above table shows that 62.6% of the respondents are highly satisfied with the free
services given by them, 27.4% of the respondents are satisfied with the free services,
% of the respondents are dissatisfied and 3.4% of the respondents are highly
dissatisfied.
CHART NO.4.20

TABLE SHOWING THE FREE SERVICES GIVEN BY THEM


CHI-SQUARE
TABLE NO- 4.22
CHI-SQUARE TEST
INCOME LESS 5001- 10001- ABOVE TOTAL
PRICE THAN 10000 15000 15000
5000
HIGHLY 3 5 17 6 31
SATISFIED
SATISFIED 2 3 6 15 26
NEUTRAL 1 3 5 1 10
DISSATISFIED 4 12 30 4 50
HIGHLY 2 10 20 1 33
DISSATISFIED
TOTAL 12 33 78 27 150

CALCULATIONS:

H0: There is no significant relationship between present Income and price


Ha: There is significant relationship between present income and price.

Chi-square =
(Oi-Ei)^2
Ei
Oi Ei Chi-square
3 2.48 0.10903226
5 6.82 0.48568915
17 16.12 0.0480397
6 5.58 0.0316129
2 2.08 0.00307692
3 5.72 1.29342657
6 13.52 4.18272189
15 4.68 22.7569231
1 0.8 0.05
3 2.2 0.29090909
5 5.2 0.00769231
1 1.8 0.3555555
4 4 0
12 11 0.09090909
30 26 0.61538402
4 9 2.77777778
2 2.64 0.15515152
10 7.26 1.03410468
20 17.16 0.47002331
1 5.94 4.10835017
TOTAL 38.8663806
CALCULATION
V= (n-1) (m-1) =12
Table value = 21.026
Calculation value = 38.8663806

Table value is less than calculated value


So, we reject H0 and Ha accepted.

INTERPRETATION:
There is significant relationship between satisfied with present salary and
working hour facility.
CHAPTER 5

FINDINGS AND INFERENCES

 Majority 46.7% of the respondents are under the age group


between 20-40.
 Majority 53.2% of the respondents who use the bike are working
professionals.
 Majority 52% of the respondents income is between 10001-15000.
 Majority 52.6% of the respondents completed their graduation.
 Majority 88% of the respondents are aware of various series of
pulsar motorcycle.
 Majority 46.8% of the respondents are aware of 180cc.
 Majority 50% of the respondents are not aware for choosing the
product and 50% of the respondents are not interested in choosing
the product.
 Majority 30.6%of source of information is from their friends.
 Majority 43.4% of the respondents are using the bike for 3-6 year.
 Majority 74% of the respondents are highly satisfied with the brand
image.
 Majority 62.6% of the respondents are highly satisfied with the
mileage.
 Majority 33.4 % of the respondents are dissatisfied with the price.
 Majority 28% of the respondents are highly satisfied with the
resale value.
 Majority 76.6% of the respondents are highly satisfied with the
popularity.
 Majority 65.4% of the respondents are highly satisfied with the
comfortness.
 Majority 36% of the respondents are highly satisfied with the
maintenance.
 Majority 49.4% of the respondents are highly satisfied with the
safety.
 Majority 83.4% of the respondents are aware of free services.
 Majority 28% of the respondents are provided services below 2
times.
 Majority 62.6% of the respondents are highly satisfied with the free
services given by them.
CHAPTER 6

RECOMMENDATIONS

The following are the suggestions given by the respondents

 Respondents feel that the price is high and suggested that it should
be brought down, so that more people can purchase it.
 Respondents suggest that the company should take initiative in
selling up more number of authorized services centers in different
locality of the city.
 Few respondents are not satisfied with the resale value, so the
company should take necessary steps regarding the resale value.
 Majority of the respondents are highly satisfied in driving the bike,
so the company shall maintain the same strategy.
 Few respondents are much worried about the maintenance, because
the cost of giving it to service is very high when compared with the
other bikes
 Most of the respondents are very much aware of giving free
services, so the company should increase free services as much as
possible.
 Few respondents feel that the free services should be done properly
and it should not be for namesake.
CHAPTER 7

CONCLUSION

From this research work done in Bajaj pulsar in, Chennai city. The
respondents are highly satisfied with the present Bajaj pulsar bike. The
reason is because of their brand image and style of the bike and the
comfort and also the free services provided by them. But there are few
respondents who are not satisfied with the price. So the company should
look on the price also.
When compared to all Bajaj bikes, Bajaj Pulsar is sold many.
Because, the main thing is, it is very familiar to all the people when
compared with all other Bajaj bikes.

Data collected from 717 respondents was subjected to analysis in previous


section. Analysis resulted into fulfilling of various objectives of the study. The previous
chapter presents the analysis in light of the tools and techniques applied on data along with
the interpretation. This chapter deals with the major results points. The results of study are
summarized in form of the findings in this chapter. Major findings of the study are followed
by su A potential reason of ‘western’ not getting accepted in India for motor bikes is the fact
that this word is typically meant for the western countries. Indian consumers do not even
consider the westernization as a characteristic of motor bike. Other traits which are not
applicable for motor bikes in India are ‘down to earth’, ‘small town’, ‘family oriented’,
‘smooth’, ‘sincere’, ‘successful’, ‘sentimental’ and ‘independent’. This finding has a strong
message for marketing professionals that brand gendering is very important for consumers of
motor bikes. Consumers treat motor bikes as a male product and feminism should be kept
away from personality of motor bike. The finding supports and admires the decision of Bajaj
to adopt brand gendering as communication theme for Bajaj pulsar (definitely male). This
would have played pivotal role in the success of campaign and brand both. Along with this
marketers should not be projecting motor bike as to western in personality as these two are
the majorly highlighted traits which are not acceptable in motor bikes by Indian consumers.
● Results of this study supports the argument of Aaker’s dimensions of brand personality to a
greater extent. This study confirms the four of five brand personality dimensions proposed by
Aaker as general dimensions. Brand personality dimensions of ‘sophisticated’, ‘competent’,
‘sincere’ and ‘rugged’ given by Aaker are retained for motor bikes brands in India. Whereas
one brand personality dimension proposed by Aaker – ‘excitement’ has been bifurcated into
two dimensions in current study. Two new dimensions proposed in this study are:
‘conspicuous’ and ‘imaginative’. Hence, the study proposes six dimensions of brand
personality - ‘sophistication’, ‘competence’, ‘conspicuousness’, ‘sincerity’, ‘ruggedness’ and
‘imaginative’. The difference in number of dimensions of brand personality and the
dimension itself in current study gels down well with earlier findings in which 5 dimensions
structure of brand personality is challenged for different cultures. This finding confirms that
Aaker’s dimensions are country specific and should be adopted with caution in different
settings. Researcher should be extremely cautious while using Aaker’s framework across
cultures and for different products/brands. ● Present study found six dimensions of brand
personality. The six dimensions with their explanation are: Sophistication – Eye catcher
which catches the attention because it is designed keeping in mind the current styles. It is
meant for well off people in society. Youngness, excitement and charm differentiate it from
others. Competence – Secureness, reliability and honesty makes this motor bike anxiety free
and trustable. Sense of security is felt for this motor bike because of its cutting edge
technology, intelligence and confidence. Conspicuousness – An updated, trendy, worriless
motor bike. Usage of this motor bike display the wealth and leave impression in society. It is
full of spirit and social motor bike. Sincerity – A value of money motor bike. It does not
believe in impression management. Emphasis is on the originality and real motor bike utility
rather than show-off components. It is a complete motor bike. Ruggedness – A high quality,
robustly built up and tough motor bike. Robust enough to face worst driving conditions. It is
known for its muscles, masculinity and hardworking nature. Imaginative – A unique motor
bike in terms of its updation and contemporariness. This motor bike have something which
the users might imagine for a motor bike to have. ● Splendor is built for tough conditions. It
is a robust bike ready to face bad road conditions. The differentiating dimension for brand
personality of Splendor is ‘ruggedness’. Although, ‘competent’ and ‘sincere’ brand
personality dimensions are also applicable to Splendor. But these are shared by other motor
bike brands also. The dimensions which is least shared and have highest score for Splendor is
‘ruggedness’. Presence of ‘competent’ and ‘sincere’ also makes Splendor a secure, reliable
and honest motor bike. Splendor is purchased by older consumers having lower income. The
users of splendor are graduates and post graduates earning their livelihood from private and
government jobs. Some of Splendor owners were also involved in entrepreneurship. ● Bajaj
Discover is a ‘sincere’ motor bike. This makes Discover a complete motor bike and it makes
owner to feel friendly with it. Discover is real, original and is a value for money motor bike.
Discover is driven by highly educated people (Post graduates). Discover users are mostly
involved in private jobs. Discover as a motor bike brand is being seen by consumers as
sincere only. Discover is a Bajaj’s brand which is having technology oriented successful
brands like Pulsar. Discover can also be made to see as a techno savvy bike like Pulsar.
Currently, consumers do not see Discover as a technology oriented bike. Whereas, its
competitor (Splendor) is being seen as a bike having technology in it. Moreover, making
Discover a techno savvy bike in mind of motor bike users might result into increase purchase
of it as the technology seeking consumers of motor bike might make Discover part of in
his/her evoked set. ● Bajaj pulsar is ‘sophisticated’ and ‘conspicuous’ as these are the
differentiating brand personality dimensions which are unique to Bajaj Pulsar. No other
motor bike is ‘sophisticated’ and ‘conspicuous’. It is fun to have Pulsar as it is a product
which can be used to display the style, wealth and status of the consumer. This makes Pulsar
an eye catcher as it is trendy. Pulsar is meant to lead with its excitement and youngness.
Technology in this bike makes it intelligent motor bike which acts as a differentiating factor
for it. Other shared brand personality dimensions of pulsar are ‘competent’, ‘sincere’ and
‘ruggedness’. Rider can rely on it as it is secure and honest. Pulsar will not give consumers
any problem even if they take it on bad roads and ride in rough conditions. Pulsar for its price
meant for well off people in society but still is a good value for money. Pulsar is used by
those younger age group consumers who are mostly graduates but earning maximum.
Consumers of pulsar are usually earning from private jobs and entrepreneurship. Pulsar
motor bike is usually not purchased by government employees. Pulsar is a unique motor bike
which consumer has accepted as status symbol. At the same time, it is projected as a
masculine motor bike which has added to its success. To keep the current perception about
pulsar in mind, pulsar has to keep improving its looks and style. Moreover, pulsar is having
maximum number of attributes of brand personality and that makes making Pulsar a good
choice for broad type of consumers having different personalities. Pulsar has to keep trying
to sustain this position in market. It will require consistent marketing efforts from Pulsar.
Motor bike is a product which is used socially. Moreover, it is a high involvement product. A
high involvement product being used socially is a perfect recipe to be used by consumers as a
mean of impression management. Success of pulsar has established that sophistication and
conspicuous are important deterministic factors for motor bike purchase. No player except
pulsar has been able to enter in this space. Hence this leaves an opportunity for other brands
of motor bikes (Splendor and Discover) to break monopoly of such perception in consumers
mind. There should be a planned attempt by motor bike manufacturers to position themselves
as sophisticated and conspicuous motor bikes to enter this space. ● For light weight motor
bikes, functional attributes are more important than nonfunctional attributes. ● Individuals
with open personality are not particular about the specific personality of motor bike brand.
They would rather prefer any brand of motor bike having any personality that comes their
way. The motor bike manufacturers who are planning to launch a new motor bike and do not
have sufficient promotion budget might target these individuals. This is because, a new
motor bike is yet to formulate its personality and these people do not look for a particular or
specific brand personality in a motor bike. Established players who have spent huge amount
of money and time in developing brand and their personality should be cautious of these type
of consumers. Marketers should cumulatively take the responsibility to teach this segment of
being particular in their choice and not accept anything that comes along. The learning of
these consumers this way will be beneficial for all the motor bike manufacturers of industry.
● Consumers who are ‘agreeable’ would prefer a ‘sincere’ motor bike. At the same time,
these individuals would avoid purchasing ‘sophisticated’ motor bikes. For ‘agreeable’
customers, using bike to display their status does not make sense. Rather good built up
quality and originality of motor bike catches there attraction. ‘Agreeable’ consumers are the
best target market for discover brand. Data in present study supports this findings as those
who have discover bike have agreed (Mean value – 3.8 for sincerity) that their motor bike is
a ‘sincere’ motor bike. It is suggested to marketers of Discover that the ‘agreeable’
consumers are bothered about the money they spend on motor bike and hence Discover (or
any brand targeting these consumers) should justify the amount spent on it. Marketers should
avoid making discover to look fancy. Discover sales has taken over the sales of Splendor.
This advancement can be maintained if manufacturers further establishes discover a value for
money bike. ● Consumers who are ‘extrovert’ by personality would prefer a ‘competent’ and
‘conspicuous’ motor bike. Such individuals like a motor bike which they can possess with
proud in society. ‘Extravert’ customers want their motor bike to be having reliable
technology which makes their bike and themselves look intelligent in society. In present
study, pulsar fulfills the criteria of ‘competent’ and ‘conspicuous’ motor bike. Results
suggest that pulsar would gel down well with extrovert customers in India. Pulsar has been
concentrating on its look, style along with being a masculine motor bike. It is highly
recommended that pulsar keep on strengthening this position for its brand in the mind of
people. ● Individuals with ‘conscientiousness’ personality are expected to prefer a
‘competent’ and ‘sincere’ motor bike. These consumers prefer originality, good built up
quality, technology, value for money motor bike. Such people would prefer fully loaded
motor bike. ● Study found no relationship between individuals who are having ‘neurotic’
personality and the brand personality of motor bikes which they are using. It is suggested on
the basis of this finding that motor bike manufacturers should not be spending time in
targeting those consumers who are scoring high on ‘neuroticism’ (people prone to stress,
worries, negative emotions). ● Consumers who are ‘agreeable’ and ‘conscientious’ are found
out to be more satisfied than other personality type individuals. This signifies that those
motor bike users who are ‘agreeable’ and ‘conscientious’ are expected to be more satisfied.
Study found out that ‘conscientiousness’ is having more contribution to the satisfaction level
of motor bike users. More a person is ‘agreeable’ and ‘conscientiousness’, more he is
expected to be satisfied with the purchase of motor bike. It is suggested that motor bike
manufacturers should make database of their existing consumers. Out of this database, those
consumers who are ‘agreeable’ and ‘conscientiousness’ should be given more preference for
customer relationship management. These type of consumers are expected to be more
satisfied than consumers of other personality types. Emphasizing on these consumers might
give rise to favorable word of mouth for brand (as these are already more satisfied), which is
a very important marketing communication tool for high involvement products. It is further
suggested that all bike manufacturers should also profile new consumers for their personality
type by making them filling a personality inventory at the time of purchase. This will help in
keeping in touch with those who are expected to be reference groups, opinion leaders and
using them as information providers in favorable ways to potential customers. ● Brand
personality dimensions of ‘sincerity’ and ‘imaginative’ is found out to be contributing to the
satisfaction level of customers of motor bikes. ‘Sincerity’ is a major contributor to the
satisfaction stating that motor bikes which are ‘sincere’ are expected to satisfy the customers
more. More the motor bike is sincere and imaginative, high would be the satisfaction level of
customers. 130 ● Users of all three major motor bikes are satisfied from their purchase. This
signifies that motor bike manufacturers have been successful in making their consumers
happy about their performance. Reference groups and word of mouth plays a pivotal role in
the purchase and post purchase evaluation of high involvement products. Consumers being
satisfied depicts that motor bikes have been successful in spreading positive word of mouth
from its owners. Motor bike is a high involvement product and customer spend lot of time
before making a purchase decision. It is very important for marketer that customers are
rationally and emotionally convinced about their motor bike brand. Convincing customer is
function of many constructs including brand personality, human personality and relationship
between human and brand personality. It becomes important for marketer to understand the
brand personality of the brand they are offering and identifying the relationship between the
brand personality of their brand and human personality of its users. Conclusion Present study
has concluded that Aaker’s brand personality dimensions are not applicable in India. Motor
bikes are not a feminine product. Marketer should be very cautious in confirming that
feminine characteristic should not be attached with motor bike. Indian consumers are
accepting the western culture but yet they do not want to see their motor bikes as a western
product. For consumers, motor bikes can be one of or combination of these –
‘sophistication’, ‘sincerity’, ‘ruggedness’, ‘competent’, ‘conspicuousness’ and ‘imaginative’.
Consumers see Splendor as ‘rugged’; Pulsar as ‘sophisticated’ and ‘competent’; and
Discover as ‘sincere’ motor bike. Agreeable people who are highly educated earning from
private job are best target for Discover motor bike. Marketers should try to target these
people by making them aware with functional utilities of motor bike. Rationality would be
better theme to use for these people. Pulsar would be best choice for extrovert people who
are young and earning handsomely doing private job or their own business. Pulsar should be
projected as style statement so that it can appeal to younger generation. Splendor would be
given preference by open personality people who are graduates and postgraduates. Marketer
of Splendor should try and do experiments with motor bike as these people are also open to
131 new experiences. There exists relationship between human personality of individuals and
brand personality of the motor bikes which they possess. ‘Open’ personality people would
not have any specific preference. ‘Agreeable’ consumers would prefer a ‘sincere’ motor bike.
‘Extrovert’, ‘conscientiousness’ consumers would prefer a ‘competent’, ‘conspicuous’; and
‘competent’, ‘sincere’ motor bike respectively. There is no relationship between neurotic
individuals and their preference for motor bikes. Scope for Further Research This study is the
first of its kind in India and it can be seen as a maiden attempt to understand the motor bike
industry of India from the perspective of the personality of motor bike itself and its user.
Hence, the results generated from this study would act as the founding platform to take the
understanding of humanbrand personality for motor bikes ahead and towards maturity stage.
Although the study has culminated into important findings and learnings but it also opens up
the pandora box for the researchers interested in human-brand personality studies. Some of
the major points which are worth taking ahead for further investigation are as follows: ● The
present study has taken the three marketing construct – human personality, brand personality
and satisfaction. Study has established the relationship between human personality and brand
personality; human personality and satisfaction; and brand personality and satisfaction. These
relationship are identified in isolation considering the two constructs at one time. The third
construct is not considered while two constructs are being studied. Studying these all
constructs together and understanding an integrative effect of this on consumer decision
making is an important area of study in future. ● Study highlights that consumer of specific
personality would prefer a motor bike of specific personality. If marketing practices are built
around this association of personality, it could be more effective. This ‘effectiveness’ can be
a major area of study for future researchers. The factors which enhance this effectiveness
should be identified and studied in detail.
BIBLIOGRAPHY

REFERENCES:

1. David A. Aker, V Kumar and George S.Day (2002), Marketing research,


Seventh
Edition, John Wiley & sons.
2. C.R. Kothari (2004), Research Methodology: Methods and Techniques,
Revised Second edition, New Age International. Pvt. Ltd.
3. Philip Kotler, Kevin Lane Keller, Abraham Koshy, Mithileshwar Jha (2007),
Marketing Management, Twelfth Edition, Pearson Education, Inc.

WEBSITES:

1. http://www.Bajaj pulsar.com/
2. http://www.google.co.in/
4. http://www.wikipedia.com/
5. http://www.jaibajaj.com/
QUESTIONNAIRE

1. Name:
2. Age:
□ Below 20 □ 20-40 □ 40-60 □ above 60
3. Occupation:
□ Student □ businessmen □ working professional □ others
4. Income:
□ Less than 5000 □ 5001-1000 □ 10001-15000 □ above 15000
5. Educational qualification:
□ schooling □ under graduate □ post graduate
6. Are you aware of various series of pulsar motorcycle do you own?
□ Yes □ no
7. If yes mention the series which you are aware?
□150cc □180cc □ 200cc □ 220cc
8. If no mention a reason?
□unawareness □ not interested
9. What was the source of information for the purchase of Bajaj Pulsar?
□Family □ Friends □ Media □ Dealers
10. How long are you using Bajaj Pulsar?
□below I year □ 1-3year □ 3-6year □above 6year
11. Are you satisfied with the brand image?
□ highly satisfied □ satisfied □ neutral □ dissatisfied □ highly dissatisfied
12. Are you satisfied with the mileage?
□ highly satisfied □ satisfied □ neutral □ dissatisfied □ highly dissatisfied
13. Are you satisfied with the price?
□ highly satisfied □ satisfied □ neutral □ dissatisfied □ highly dissatisfied
14. Are you satisfied with the resale value?
□ highly satisfied □ satisfied □ neutral □ dissatisfied □. highly dissatisfied
15. Are you satisfied with the popularity?
□ highly satisfied □ satisfied □ neutral □ dissatisfied □ highly dissatisfied
16. Are you satisfied with the comfort?
□ highly satisfied □ satisfied □ neutral □ dissatisfied □ highly dissatisfied
17. Are you satisfied with the maintenance?
□ highly satisfied □ satisfied □ neutral □ dissatisfied □ highly dissatisfied
18. Are you satisfied with the safety?
□ highly satisfied □ satisfied □ neutral □ dissatisfied □ highly dissatisfied
19. Are you aware of giving free service of your motorcycle to the showroom?
□ yes □ no
20. If yes how many services you can get?
□ below 2 □ 3 □ 4 □ 5 □ above 5
21. Are you satisfied with free services given by them?
□ highly satisfied □ satisfied □ neutral □ dissatisfied □ highly dissatisfied
22. Suggestions if any

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