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Introduction
Aquatred introduced to be the premium segment tire in Goodyear’s product line.
Value proposition through product uniqueness: The product is designed in such a way
so that in any wet roadways, the tyre can spread out water from its bottom and ensure
proper traction. The tyre maintains the same traction performance even 50% of the
tyre is worn out.
Warranty Period: 60000-mile warranty period proposed which is one of the highest in
the premium segment tyres.
Strategic mix:
Targeting replacement market: Aquatred product line of Goodyear has been aimed to
cater the requirement of replacement market for the auto industry and it is not
available for the auto manufacturers due to their long buying cycles.
Improve Financial Health: Aquatred designed to improve the top line of the Goodyear
and drastically improving the health of the company.
Increasing the Brand Equity: The innovative product is aimed to create a niche in the
competitive environment by increasing the brand equity in the premium sector.
Marketing Program:
Goodyear planned to conduct the test marketing on a larger population in metro cities.
Position: Target positioning in the premium segment with 60000 warranty miles.
Goodyear wanted to launch the Aquatred before the 1992 Olympic so that a wider
range of customers can be attracted.