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It was constructed mostly on each side; the wheeler was powered by a single
cylinder Otto cycle engine and may have a spray carburetor.
The first was the French MICHAUX PERREAUX steam bicycle of 1868.
This was followed by the American ROPER STEAM VELOCIPEDE of 1869. One
such machine was demonstrated at fairs and circuses in the eastern U.S in 1867
built by SYLUESTER HOWARD ROPER of ROXBURY, MASSACHUSETTS.
The popularity of the vehicle grew especially after 1910. During world war
1st all branches of the armed forces in Europe especially for dispatching used the
motorcycle. After the war it enjoyed a port vague until the great depression began
in 1929. After world war 2nd a revival of interest in motorcycle lasted in the late
20th century with the vehicle being used for high speed touring and sport
competitions.
In 1907 HARLEY DAVIDSON made the first U-twin bike. It distinguishes
itself by climbing hills. The more sophisticated motor scooter originating in Italy
soon after.
World war 2nd led by manufacture of a 125cc model. Despite strong
competition from West Germany. France, Australia, and Britain. The Italian
scooters maintained the lead in the diminishing market.
ABOUT INDIAN TWO WHEELER INDUSTRY:
The Indian two wheeler industry has come long way since its humble
beginning in 1948 when Bajaj Auto started importing and selling Vesap scooter in
India. Since them the customer preference have changed in favor of motorcycles
and gearless scooters has that score higher on technology, fuel economy and
authentic, appeal at the expense of metal bodied geared scooters and mopeds.
These changes in customer preferences have had an impact on fortunes of the
players.
India is the second manufacturer and producer 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. This distinction was achieved due to
variety of reasons like restrictive policy followed by the Government of India
towards the passengers car industry rising demand for personal transport,
inefficiency in the public transportation system etc.
The India two wheeler industries can be broadly classified into three major
segments. Sector motor cycles and mopeds. The domestic two wheeler sales of
3.778 mn in FY 2000 constitute scooter sales of 33.4% 39% in FY 99. Motorcycles
segment has gradually increased its presence from 27% in FY 92 to 47.7% FY
2000 (motorcycles 47.7% 41% in FY 99) and mopeds 17.6% in FY 99 mainly at
the expense.
The scooter and to some extent moped segment:
GLOBAL SCENARIO
Industry Structure
Indian two wheeler segment
Bajaj Auto Limited
Brief History of Bajaj Auto Limited
Changing Scenario
Bajaj Pulsar Dtsi and Its models
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.
INDUSTRY STRUCTURE
India is the 2nd largest two-wheeler market in the world with a size of over Rs
100,000 mn. The total sale of two wheelers in India has touched a figure of 7.9 mn
units by March, 2012, up 11.4% from the previous fiscal figure of 7.1 mn units.
Production during the period reached 10.8 mn units, entailing a demand ratio of
72%. In terms of sales and market share the major players of the industry are Hero
Honda, Bajaj Auto and TVS Motors. Other players include Kinetic Motors,
Yamaha Motor and Honda Motorcycle and Scooter India (HMSI). The composition
of the industry consists of motorcycles, scooters and mopeds. Over the past decade,
there has been a consumer preferential shift from mopeds to scooters and now
motorcycles. On account of the shift, the motorcycle segment dominates the two
wheeler industry with a market share of close to 80%. The motorcycle segment is
further sub divided into 3 classes, starting from the entry/economy class (Rs
30,000 Rs 40,000), executive class (Rs 40,000 Rs 50,000) and the premium
class (>Rs 50,000).
Indian
two-wheeler
industry:
Rural
India
to
drive
industry's
growth
The Indian two-wheeler industry has come long way since its humble beginning in
1948 when Bajaj Auto started importing and selling Vespa Scooters in India. Since
then, the customer preferences have changed in favour of motorcycles and gearless
scooterettes that score higher on technology, fuel economy and aesthetic appeal, at
the expense of metal-bodied geared scooters and mopeds. These changes in
customer preferences have had an impact on fortunes of the players. The erstwhile
leaders have either perished or have significantly lost market share, whereas new
leaders have emerged.
Rising income levels, reducing excise duties, higher loan tenure and loan-to-value
offered by the financing companies have all fuelled the growth of two-wheeler
demand. Besides, mounting traffic chaos and limited parking space has also
increased the demand for two-wheelers from households that can afford or actually
do own a car. Furthermore, with increasing women working population, changing
social philosophy and broad-mindedness, the penetration of two-wheelers in target
population has increased significantly during last one decade especially in urban
areas.
However rural areas and smaller towns still remains considerably underpenetrated
market. The authors foresee rising income levels combined with increase in finance
penetration in rural areas and smaller towns, the demand for two-wheelers will
grow swiftly in short to medium term period. Sighting this huge growth
opportunity two-wheeler manufacturers have started launching models catering to
the needs of rural demand.
The authors have developed a statistical model that attempts to forecast the
domestic two wheeler sales on the basis of ownership cost and the target
population that includes young populace that can afford but do not own a two
wheeler. Other qualitative factors like macro-economic outlook, consumer
confidence, willingness of vehicle financers to finance TWs, etc. have also been
quantitatively built in demand forecasting model.
After a strong recovery industry posted in FY10, which was continued even in first
quarter of FY10, the authors foresee the high growth levels witnessed currently
would stabilise in next 2-3 year period. Nevertheless the industry would register a
healthy growth during FY10-FY15 period. According to this report, rural India
would drive the growth, whereas the opportunity in urban India, especially bigger
cities, would become limited in days to come.
Some of the features that deserve attention in respect of the Indian two
wheeler segment are as mentioned:
The total sale of two wheelers in India has touched a figure of 7.86 million
units by March, 2007, up 11.42% from the previous fiscal figures of 7.05
million. Production during the period reached 8.63 million units.
The production of two wheelers in India is expected to reach a staggering
17.85 million units by 2011-12, more than double of the current production
level.
The two-wheeler production capacity is to reach 22.31 million units in 201112 compared with 10.78 million in 2006-07.
India is likely to export 1.39 million two-wheelers in 2011-12 compared
with 590,000 in 2006-07.
Total investment for new capacity generation in two-wheeler segment is
likely to be more than $2.2 billion (INR10, 000 crore).
Hero Honda, Bajaj Auto and TVS Motor remain the leading players in terms
of sales and popularity of their two wheelers.
appliances, lighting, iron and steel, insurance, travel and finance. But the
group's main focus is Bajaj Auto which is ranked as the world's fourth
largest two- and three- wheeler manufacturer and is well-known in over a
dozen countries in Europe, Latin America, the US and Asia.
Jamnalal Bajaj founded Bajaj Auto Ltd in the year 1926, which did mainly
import and sell two or three wheelers. In the year 1959, the company secured
a license from the government of India to manufacture two and three
wheelers. From this license, the company started to grow and in the same
year, it went in collaboration with Piaggio to manufacture scooters and
marketed under the brand name Vespa. By the end of the 10 year agreement
with Piaggio, the company started manufacturing its own scooters under the
brand name Chetak which pushed the Indian market to top boom and stayed
as market leaders in scooter industry for a long period in India.
The scooter made a strong brand image among people especially the middle
class families who longed to have their own transport which was
economical, durable and easy to maintain which was the key factor for their
dominancy in market. The cost of motorcycles was 30% high when
compared with scooters, so common people prefer it. Another factor for the
market dominancy was the restriction for international brands in the Indian
market. Hence the company faced no much competition.
After the effect of globalisation when international organisation started to
enter the Indian market, the competition faced by Bajaj was severe. The
international companies had invested a lot in Research and developments
and had better features and fuel efficiencies and this started to trouble the
Baja's rule over the Indian market. When the price gap between motorcycles
Then, the entire Indian market witnessed a change that was not at all
foreseen by the company. The consumer preference shifted from scooters to
motorcycles, which affected the company drastically in a much big way.
This was because the difference in the ratio of youngsters and mature adults.
In addition the motorcycles became cheaper, more fuel-efficient and was
capable to ride with ease in any terrain. The arch rivals, Hero Honda was the
company the Bajaj had to compete, but it was in vain as Bajaj had not once
thought of modifying their scooters or thought of bringing new motorcycles
into market and ultimately Bajaj had to give up its throne of the largest two
wheeler company.
The model Bajaj was rolling out of the company was a geared scooter. In the
year 2005-06 with the entry of gearless scooters Bajaj lost its dominance
over the Indian market to the gearless scooter named Activa from Honda,
which was more comfortable for old people as well as women and even
men have started to use Activa for their short errands because of its ease of
use.
Company Profile
History :
The Bajaj group is one of the top 10 business concerns in India its foot point
stretcher over a wide range of industries, spanning automobiles 12 wheelers and
the three wheelers, lighting iron and home appliances insurance, travel, and
finance.
It was founded in 1926 at a height of Indias movement for independent from the
birth the group has on illustrious history the integrity dedications
resourcefulness and determination today are often traced back of its bitch during
there days of relentless devotion to a common case, Jomanlar founder of the
group was a close confident and discipline of mahatma Gandhi in fact Gandgiji
had adopted him as his son. This close relationship and his deep involvement in
the independence movement did not leave Jamalal Bajaj with much time to
spend on his newly launched business venture.
His son Kamalanayan Bajaj when he was 27 took over the rains of business in
1942 he to be close to Gandhi and it was only after independence in 1947 that he
was able to give his full attention to the business. Kamalanayan Bajaj not only
consolidated the group but also the flagship companies has gone up form 72
million to rs.47.18 billion (US $ 936 million) its product portfolio has expanded
from one to and the brand has found a global market. He is one of the Indians
must distinguished business leaders and internationally respected for his
business acumen and entrepreneurial spirit.
About their brand identity
Brand identity:
Brand is the visual expression of our thoughts and actions.
It conveys to everyone our intention to constantly inspire confidence.
Customers are the primary audience for our brand.
Indeed, our brand identity is shaped as much by their belief in Bajaj as it
by our own vision.
It can do this by living brand essence and by continuously seeking to
enhance the customers experience.
In doing these, they ensure a special place for themselves in the hearty
and the minds of the customers.
Brands Essence:
Brand essence is the soul of brand. It encapsulates the mission at Bajaj.
It is the singular representation of our term of endearment with the
customers and also it provides the basis on which we grow profitably
in the market.
Brand essence is excitement
Bajaj strives to inspire confidence through excitement engineering.
Brand values:
Learning:
Learning is how we ensure proactively.
It is a value that embraces knowledge as the platform for building well
informed, reasoned and decisive actions.
Innovaton:
Innovation is how we create the feature.
It is a value that provokes us to reach behind the obvious in pursuit of that
which exceeds them ordinary.
Perrfection:
Perfection is how we set new standards.
It is value that exhibits our determination to excel by endeavoring to establish
new branch marks all the time.
Speed:
Speed is how we convey clear conviction.
It is a value that keeps us sharply responsive, mirroring our commitment
towards our processes.
Transparency:
Transparency is how we characterize ourselves.
Rahul Bajaj
Chairman
Madura Bajaj
Vice chairman
Rajiv Bajaj
Executive director
Sanjiv Bajaj
Executive director
D.D.S. Mehta
Kantikumar R.Podar
Director
Shekar Bajaj
Director
Director
J.N. Godrej
Director
S.H. Khan
Director
Director
Naresh Chandra
Director
Nonoo panmai
Director
Manish Kejriwal
Director
P. Murari
Director
Niraj Bajaj
Director
Company's History
Type
Founded
Headquarters
Key people
Revenue
Net income
Employees
Website
Bajaj Auto is a major Indian automobile manufacturer. It is India's largest and the
world's 4th largest two- and three-wheeler maker]. It is based in Pune, Maharashtra,
with plants in Akurdi and Chakan (near Pune),Waluj (near Aurangabad) and
Pantnagar in Uttaranchal. Bajaj Auto makes and exports motorscooters,
motorcycles and the auto rickshaw.
The Forbes Global 2000 list for the year 2010 ranked Bajaj Auto at 1946.
Over the last decade, the company has successfully changed its image from a
scooter manufacturer to a two wheeler manufacturer. Its product range
encompasses Scooterettes, Scooters and Motorcycles. Its real growth in numbers
has come in the last four years after successful introduction of a few models in the
motorcycle segment.
The company is headed by Rahul Bajaj who is worth more than US$1.5 billion
COMPANY'S HISTORY
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 threewheelers 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 Wale 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 Ltd. is the largest exporter of two and three wheelers. With Kawasaki
Heavy Industries of Japan, Bajaj manufactures state-of-the-artrange of twowheelers. The brand, Pulsar is continually dominating the Indian motorcycle
market in the premium segment. Its Discover DTSi is also a successful bike on
Indian roads
Objective
Bajaj Limited is to cater the market needs of transportation by providing 2 wheeler and 3
wheeler vehicles. BALW has been producing the catalogue products to cater to the
changing market requirements. Based on the customer feedback, improvements
are being made continuously in the existing products.
Goal
To catapult Bajaj Auto as the countrys largest automobile company.
Awards 2011-12
Outstanding Business Leader of the Year
NDTV Profit Business Leadership Award Young Business Leader
Auto car Awards 2012 Kawasaki Ninja Premium Bike of the Year
Ernst and Young Entrepreneur of the Year Business Transformation Award
India
In India, the Company sold 2,566,757 motorcycles during FY2012. That was 6.3%
higher than the sales in the previous year. As mentioned earlier, FY2012 has been a
year of lower growth for the domestic economy, with almost all sectors reporting
subdued numbers. Sale of motorcycles in India was no exception. After two good
quarters, sales growth fell very sharply in Q3 FY2012 and Q4 FY2012, to
eventually clock 11.9% in FY2012, versus 22.9% last year.
Both urban and rural markets were affected by high consumer interest rates,
increasing petrol prices and overall inflation. Even the 11.9% growth was severely
skewed across quarters as well as segments. Sales of models belonging to the
53% of the brand portfolio this year. With several product and marketing initiatives
planned for FY2013, Discover is set for further growth.
Reflecting the changing dynamics in the motorcycle market during FY2012, the
Commuter Standard segment grew the fastest. Bajaj Auto also clocked healthy
growth here with an annual volume of 570,871 motorcycles contributed largely
by the Platina.
AWARDS AND ACCOLADES 2011-12
Product
Award
Award Body
Kawasaki Ninja
IMOTY
Pulsar 135LS
ET NOW - ZigWheels
Discover DTS-Si
ET NOW - ZigWheels
Pulsar 135LS
ET NOW - ZigWheels
Kawasaki Ninja
ET NOW - ZigWheels
ET NOW - ZigWheels
Discover DTS-Si
ET NOW - ZigWheels
Kawasaki Ninja
Bajaj Discover
DTS-Si
Kawasaki Ninja
Product
Award
Award Body
Bajaj Pulsar 135 LS
Bike of the Year 2010
BBC - TopGear
Bajaj Pulsar
Hall of Pride Awards
CNBC Bajaj Pulsar 135 LS Bike
of the Year Bike India
Bajaj Pulsar 135 LS
Bike India upto 150 cc
Bike India
Bajaj Avenger 220
2011 Mc of the year upto 250cc NDTV Car
Bajaj Pulsar 135 LS "Golden Steering Wheel" for Executive Motorcycle Auto Build
Discover 150 DTS-I
Best Value for Money Vehicle of the Year
Executive
director
Whole time
director
Vice chairman
President
Company
Secretary
Vice president
Finance
Insurance
Material
Project
Business
development
& marketing
Operator
General Manager
Production &
engineering
Production
Engineering
3-wheeler
3-wheeler
Marketing
Corporate
officers
Finance
Information
marketing
Management&
Information
service
Over seas
manufacturing
Machine
tool
division
Finance
Motor cycle
division
Corporate
Finance
Engineering
support
Marketing
highest selling two dealer in Shimoga city. In this department the customer
never had to complaint about the firm.
2. Service Department
After the sales of the product, the customer wants friendly service by the firm
and it is in Supreme Auto Dealers Pvt. Ltd., they have hi-tech work shop for
motor cycle. And also it was awarded for excellent service twice.
In January 24th, 25th, of 2009, the Supreme Auto Dealers Pvt. Ltd., held motor
cycle care camp in Shimoga. An advertisement was given in local news paper
like Navika & janavarthey about the care camp. In this care camp, the vehicle
attends in large number. The highlight of the care camp is costrol had give, tshirts key broachers & pens. Every day 20 men enrolled.
Separate stall are installed for new vehicle displays, as already they have hitech work shop, it has well trained mechanic and they will fulfill customers
complaints or problems regarding this a sample survey was made and the
Supreme Auto Dealers Pvt. Ltd.,
3. Spares Department :
In this department, we getBranch
all spares
part of the vehicle easily, which gives you
Manager
best quality which gives you best quality in best price.
4. Accounting
Department
:
Works
Accounts Dept
Spares
Sales
Manager
Manager
This
is the main and
financial departmentManagers
of the firm here we Manager
can came to know
about the sales volume of the year accounting concerns the accounting
Supervisor
department.
Head
Mechanics
Accounts
Computer
Operator
Assistant
Computer
ORGANISATION
Operator CHART
Sales Executives
Sales assistant
Assistant mechanics
Receptionist
Helper
2. Price
Price is a very important factor. Price means the exchange value of an article in
terms of money without it we cannot buy or sale anything. Price of a product
consist of the physical product plus the bundle of expectations the product
should be worth the price only then will be the consumer is satisfied. Thus in
case of bajaj auto ltd., they have fixed responsible price for their vehicle & thus
their great demand in the market.
3. Promotion
It is activity concerned with the market communication. Promotion involves
advertising personal selling , dealers & sales promotion. Advertising means
nothing but a form of non-personal presentation & promotion ideas. Good
services by an identified sponsor. It is a form of publicity.
Sales promotion plans are required to attracted the attention of the consumer
& create demand for the product.
e) Melas
This is a outside marketing it is conducted by the firm or company. The main
objective of these kind of marketing is to do publicity about our product & firm.
The firm can arrange exchange and loan mela that provides an opportunity to
exchange their old bike and also provides loan for purchasing new bike.
F) Invitation Letters
This letter send to many customer or people who are located near to show
room. This letter contains detailed information about their new offers and their new
products.
4. Distribution
It is flow of goods the producer or the manufacturers to the ultimate consumer.
Distillation channels represent a chain of middle man participating in the
transferring of goods. Some of the channel s are :
Manufacturers whole sellers retailers consumers
Manufacturers sales man dealers consumers
Manufacturers retailers consumers
Manufacturers consumers
In case Supreme Auto Dealers Pvt. Ltd., products after receiving from the
manufacturer that is bajaj auto ltd., they are the authorized dealers of bajaj auto
ltd., shivamogga district.