Documente Academic
Documente Profesional
Documente Cultură
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1 INTRODUCTION
2 OBJECTIVE OF STUDY
3 LITERATURE REVIEW
4 RESEARCH METHODOLOGY
5 DATA PRESENTATION
7 CONCLUSION
9 LIMITATION
10 OVERALL EXPRRIENCE
11 BIBLIOGRAPHY
12 APPENDIX/ANNEXURE
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First of all a proper outline of the entire survey work was decided like
research objectives, research approach. The main objective of the
research was to find out the satisfaction le vel of the customers from
products offered by the company in the market.
The next step was decided upon other areas of research design. To meet
the main objectives of the research programme a proper sample size was
decide upon, which represents the entire population and help in getting
results. Structured questionnaire was used as research instrument and
personal interview method was used for data collection in the whole
survey. Analysis and interpretation were drawn from the entire data so as
to focus on the major problems. Analysis and interpretation were further
used to reach the results and findings of the survey and were also helpful
in making the suggestions.
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9 9
9
9
Automotive
1981 (as Maruti Udyog Limited)
Gurgaon, India
Automobiles, Motorcycles
ŸUS$4.8 billion (2009)
6,903
Suzuki Motor Corporation
www.marutisuzuki.com
9
i a publi l li t aut aker i India. It
i t e largest aut bile manufacturer in Sout Asia. Suzuki Motor
Corporation of Japan holds a majorit stake in the company. It was the
first company in India to mass-produce and sell more than a million cars.
It is largely credited for having brought in an automobile revolution to
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India. It is the market leader in India and on 17 September 2007,
was renamed Maruti Suzuki India Limited. The
company's headquarters are located in Delhi.
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Due to the large number of Maruti 800s sold in the Indian market, the
term "Maruti" is commonly used to refer to this compact car model. Till
recently the term "Maruti", in popular Indian culture, in India Hindu's
lord Hanuman is known as "maruti", was associated to the Maruti 800
model.
Maruti Suzuki has been the leader of the Indian car market for over two
decades.
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Its manufacturing facilities are located at two facilities Gurgaon and
Manesar south of Delhi. Maruti Suzuki¶s Gurgaon facility has an installed
capacity of 350,000 units per annum. The Manesar facilities, launched in
February 2007 comprise a vehicle assembly plant with a capaci ty of
100,000 units per year and a Diesel Engine plant with an annual capacity
of 100,000 engines and transmissions. Manesar and Gurgaon facilities
have a combined capability to produce over 700,000 units annually.
More than half the cars sold in India are Maruti Suzuki cars. The
company is a subsidiary of Suzuki Motor Corporation, Japan, which owns
54.2 per cent of Maruti Suzuki. The rest is owned by the public and
financial institutions. It is listed on the Bombay Stock Exchange and
National Stock Exchange in India.
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1000 (1990±1994)
Zen (1993±2006)
Esteem (1994±2008)
Baleno (1999±2007)
Versa (2001±2010)
Grand Vitara XL7 (2003±2007)
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an installed capacity of 350,000 vehicles annually but productivity
improvements have enabled it to manufacture 700,000 vehic les annually.
The Gurgaon facilities also manufacture 240,000 K-Series engines
annually. The entire facility is equipped with more than 150 robots, out of
which 71 have been developed in -house. The Gurgaon Facilities
manufactures the 800, Alto, WagonR, Estilo, Omni , Gypsy, Swift and
Eeco.
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,&(&
N2N is the short form of & & &(& and provides
lease and fleet management solution to corporate. Their impressive lists
of clients who have signed up of this service include Gas Authority of
India Ltd, DuPont, Reckitt Benckiser, Sona Steering, Doordarshan,
Singer India, National Stock Exchange and Transworld. This fleet
management service includes end -to-end solutions across the vehicle's
life, which includes Leasing, Maintenance, Convenience services and
Remarketing.
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Many of the auto component companies other than Maruti Suzuki started
to offer components and accessories that were compatible. This caused a
serious threat and loss of revenue to Maruti Suzuki. Maruti Suzuki started
a new initiative under the brand name
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offer accessories like alloy wheels, body cover, carpets, door visors, fog
lamps, stereo systems, seat covers and other car care products. These
products are sold through dealer outlets and authorized service stations
throughout India.
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taught in these schools. Before driving actual vehicles participants are
trained on simulators.
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Maruti Exports Limited is the subsidiary of Maruti Suzuki with its major
focus on exports and it does not operate in the domestic Indian market.
The first commercial consignments of 480 cars were sent to Hungary. By
sending a consignment of 571 cars to the same country Maruti Suzuki
crossed the benchmark of 300,000 cars. Since its inception export was
one of the aspects government was keen to encourage. Every political
party expected Maruti Suzuki to earn foreign currency.
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knowledge of different types of marketing activities game much
important to this study.
1
To introspect into the satisfaction level of the customers with
respect to Maruti Suzuki.
,
To find out the satisfaction level of customers about services
provided by Maruti Suzuki.
è
To find out why customers preferred Maruti Suzuki Product in that
Category of other cars.
The topic has been already given by the company to collect information
about Current happening in the market. It also helps to ma kes
improvements in service and quality of the product, for their long time
existence in the market and getting profit.
2
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Academy of Marketing Science October, 2007 said that - Self-reports of
customer satisfaction invariably possess distributions that are negatively
skewed and exhibit a positivity bias. Examination of the customer
satisfaction literature and empirical investi gations reveal that
measurements of customer satisfaction exhibit tendencies of confounding
and methodological contamination and appear to reflect numerous
artefacts.
Thorsten Hennig-Thurau and Alexander Klee in their article ³The impact
of customer satisfaction and relationship quality on customer retention: A
critical reassessment and model development´ published in Department
of Marketing II, Marketing Management, University of Hanover, Konigs
worther Platz 1, 30167, Hanover, Germany said that - Customer
satisfaction with a company's products or services is often seen as the key
to a company's success and long-term competitiveness. In the context of
relationship marketing, customer satisfaction is often viewed as a central
determinant of customer retention. However, the few empirical
investigations in this area indicate that a direct relationship between these
constructs is weak or even nonexistent. The overall purpose of this article
is to develop a conceptual foundation for investigating the customer
retention process, with the use of the concepts of customer satisfaction
and relationship quality. The article involves a critical examination of the
satisfaction-retention relationship, and the development of a more
comprehensive view of the customer's quali ty perception.
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For the year ended 1997-98, Maruti posted a turnover of US$ 2.1 billion
and a Profit before Tax of US$ 244 million. During the year, Maruti
produced over 350,000 vehicles, out of which 26,000 were exported.
Maruti has made profits in every single year since inception, and has been
paying dividends for ten years.
Through the years Maruti has provided world-class Japanese technology,
suitably adapted to Indian conditions and Indian car users. Maruti's
market share figures show the response of customers: In 1997 -98, its
market share of vehicles was over 70%. In addition to leading in the
economy car segment, Maruti is also the leader in the luxury car segment
with a market share of 38%. Maruti also sells the Grand Vitara, sports
utility vehicle (SUV) in India.
The success of the joint venture led Suzuki to increase its equity from
26% to 40% in 1987 and further to 50% in 1992. As a result, Maruti
changed from being a government company to a non -government
company. With the introduction of economic liberalization from July
1991, the government realized the high growth potential of the passenger
car market. It took note of the contribution of this segment in promoting
employment, technological up gradation of industry and contribution to
government revenues. Policy changes took place accordingly. Maruti's
excellent performance in the post-liberalization milieu is in keeping with
the earlier trend set by it.
As a result, the transfer of technology from Suzuki has been a smooth
process. By February 1990, a local content of above 90% was reached for
the Maruti 800.
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Promoters
Indian 5,28,24,020 18.28
Promoters
Foreign 15,66,18,440 54.21
Promoters
Persons acting in - -
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Institutional - -
Investors
Banks, Financial
Institutions, Insurance 1,18,95,877 4.12
Companies (Central /
State Govt. Institutions
/ Non-government
Institutions)
FIIs
4,59,97,976 15.92
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Private Corporate 24,10,817 .83
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President of India
15,66,18,440 54.21
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Banks / Financial Institutions and Insurance Companies
99,32,974 3.438
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40,32,349 1.396
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33,67,800 1.166
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Total foreign shareholding is 20, 28, 00,300 equity shares, which
accounts for 70.195 % of the total paid up share capital of the
Company.
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© Tata Motors
© Hyundai India
© General Motors India
© Fiat India
© Ford India
© Honda India
© BMW
© Mercedes Benz
© Toyota
© Hindustan Motors
© Nissan
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. 156,618, 54.2 156,618, 54.2 156,618, 54.2
440 1 440 1 440 1
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&% 7,904,88 2.74 7,768,29 2.69 10,108,9 3.50
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40,250,3 13.9 39,391,7 13.6 40,129,3 13.8
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. 16,610,0 5.75 13,730,2 4.75 13,913,4 4.82
49 68 65
& 6,508,54 2.25 5,479,78 1.90 5,288,67 1.83
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288,910, 100.0 288,910, 100. 288,910, 100.
060 0 060 00 060 00
('- (.%' Shares as a percentage
--% %- of total number of shares
{I.e., Grand Total
(A)+(B)+(C) indicated
in Statement at Para
(I)(a) above}
1 SUZUKI MOTOR 156618360 54.21
CORPORATION
, PRESIDENT OF 13000020 4.50
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;1
Maruti Suzuki is following the product line strategy of Line Filling. Line
filling is a strategy where the company introduces new products within
the same (existing) price range.
From the price ranges, it is evident that there is a significant overlap
among various brands. The question is why Maruti chose to bring out
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products with similar price ranges. Another question is whether this
overlap will create cannibalization among these brands.
There are several reasons for such a line filling strategy. According to
Prof. Philip Kotler, firms adopt this strategy for
A. Incremental Profits
B. Satisfy Dealers who complain about lost sales because of missing
items in the line
C. Utilize existing capacity
D. Try to become a full-line company
E. Try to plug holes to keep the competitors away. ( Source Marketing
Management ,11 edition)
In the case of Maruti, more than one reason prompts it to fill the line.
Maruti Suzuki has tremendous brand equity in the Indian market. Hence
having a full line catering to all segments of consumers offers tremendous
advantage to the company.
There are customers (like me) who would like to buy a car from Maruti.
Having various offerings at various price points keeps that customers
happy and make them stick to the company. If I want to upgrade to a
bigger car, I have a choice or a A star or a Wagon R or a Ritz or a Swift.
In such a scenario, I may not go in to a competitor's product.
Another reason for Maruti's line filling is to keep out the competitors. The
company is facing lot of competition in the hatchback segment. At the
lower end Nano may give Alto and 800 a run for its money. Santro, i10
and Spark is giving tough competition for mid -range hatchbacks and
products like Fabia, Palio, Punto, i20 are giving competition at the higher
segment of the hatchback market. Hence to keep the market share intact,
Maruti is keeping a full line of brands covering various price points.
When there are brands which have similar price points, it is natural that
some sort of cannibalization will happen. When Ritz was launched, it
definitely took away some customers of Swift. But Maruti can be happy
that the customer has bought its product rather than that of its competitor.
Regarding the profits, Maruti is one of the lowest cost producers in the
automobile industry. This low cost base enables the firm to make a profit
irrespective of cannibalization.
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One of the critical factor that a firm should consider while line filling is
the Differentiation. There has to be a just-noticeable difference between
the offerings otherwise consumers will get confused. In the case of
Maruti brands, there is a clear differentiation either interms of design or
performance between these brands.
Line filling is the strategy adopted by Maruti Suzuki to retain its grip in
the Indian market. But in the Indian Automobile industry, may be only
Maruti can do it.
!!
!
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effectively, it was very necessary to have a perfect questionnaire to
extract the desired informational aspects that was needed for examining
the viability study of Maruti Suzuki in alwar region.
All these type of data collect through the personal interview & also tele
interview. They provide the full information about related ques tionnaire. I
have collected the only one hundred seventy five sample design for that
study. These types of data are collected in random way.
All these data has been collected through interview of people having
commercial vehicles. I interviewed them without disclosing the name of
the company. They also provided me relevant information regarding
competitors providing sales and services.
The tools used for the collection was the questionnaire. Data collected
was formulated with help of tally marks.
Personal interview was the contact method used for proper in detail
information. A face to face interview took place with each commercial
vehicle user. Data collection through questionnaire was properly
classified and tabulated in the form report.
The population was divided into different areas and within each area
random sampling, which is one of the method of prob ability sampling
was adopted.
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Since in the questionnaire there was associated time with maruti.
Respondents gave view what they feel. Among one hundred seventy five
respondents 35% people purchase new vehicle less than 6 months & 39%
people purchase within 1year & 19% people purchase within 2 year &
7% people purchase within 3years.
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Since in the questionnaire there was knowledgeable Salesperson.
Respondents told 91% are agree with sales person knowledge & 6%
strongly agree with knowledge of sales executive & only 3% Disagree of
knowledgeable sales person.
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Since in the questionnaire there were product knowledge provided by
company brochures & leaflets & employees. In that 89% are agree & 6%
strongly agree & 5% are disagree.
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Since in the questionnaire there was offer Test drive of particular vehicle.
Respondents are 54% agree & 7% strongly agree & 5% Strong disagree
& 34% disagree.
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Since in the questionnaire there was availability of product. Respondents
say products are available according their requirement. 46% agree with
availability of product & 4% Strong agree & 31% are disagreeing with
availability of product & 19% strong disagree.
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Since in the questionnaire there was affordable price. According to
respondent s maruti product price are affordable comparing to other &
82% are agree with price &17% are disagree & 1% are not consider the
price matter.
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Since in the questionnaire there was vehicle deliver with feature.
According to study 91% agree &they say vehicle are deliver with feature
& 9% are strong agree with vehicle deliver with feature.
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Since in the questionnaire there was delivery experience. Under study
82% are agree with delivery experience & 7% strong agree & 10%
disagree & 1% strong disagree with delivery experience.
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Since in the questionnaire there was post sales follow-up. Under those
study 78% respondents says organization does follow-up on daily basis
after sale product. 16% respondents are neither agree & nor disagree from
it & 5% are disagree & 1% are strongly agreeing for post sales follow-up.
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Since in the questionnaire there was respond to complain quickly. 62%
respondent says they have no complained about maruti product & 19%
are agreeing from it. 18% are disagreeing from about respond to complain
quickly & 1% strong disagrees from it.
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Since in the questionnaire there was provide information about service
&service station. 83% says provide full information about service & 3%
strong agree from it. & 11% disagree from about service information &
3% are neither agree nor disagree about it.
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Since in the questionnaire there was tell about the service experience.
74% says services is excellent & agree from it & 1% strong agrees. 12%
are disagreeing & 13% are neither agree nor disagree.
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Since in the questionnaire there was tell about the fuel consumption of
vehicle. 86% are says fuel consumption is good of the vehicle. 5% says
fuel consumption is average & 9% says fuel consumption is excellent.
!9 )$%
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Since in the questionnaire tell about the maruti insurance. 99%
respondents take the maruti insurance for the vehicle & only 1% takes
other insurance.
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Since in the questionnaire 61% respondents takes extended warranty &
39% are not take that warranty.
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Since in the questionnaire tell about the true value services. True value
services take only 20% respondents & 80% are not taken those services.
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Since in the questionnaire tell about the maruti finance. 67% respondents
finance through the maruti finance & 33% not take maruti finance.
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Since in the questionnaire there were genuine accessories. 62% take the
accessories from maruti accessories department & 38% are not taken the
maruti genuine accessories.
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Since in the questionnaire there was cleanliness & comfort & amenities.
78% are says comfort & amenities are good & 8% says excellent about it.
14% says that was average.
!9 +
Since in the questionnaire tell about the service satisfaction. 67% says
service satisfaction is good. 14% says service satisfaction is excellent &
19% says service satisfaction is average.
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Since in the questionnaire there was recommend maruti. 44% respondents
recommend maruti likely & 19% recommend vary likely & 30%
recommend on average but 7% recommend unlikely.
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Since in the questionnaire there was product buy again. 71% says they
purchase vehicle likely & 7% purchase vary likely & 22% are not sure
about maruti vehicle.
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Since in the questionnaire tell about the overall opinion. 61% has good
opinion & 10% have very good opinion. 21% average opinion & 8% they
get bad opinion about maruti.
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Firm uses company brochures, leaflets, and people adequate for
giving the knowledge about the Maruti Suzuki Vehicle's product.
It is very necessary that customers know about the new product and
services from time to time.
From where customer go for service and according to survey many
customers go to authorized service station and they also want to
purchase spare parts from authorized service station because they
are satisfy with the service of authorized service station.
The survey revealed that in automobile sector apart from product quality,
price and after sales service plays a major role in customers buying
preference and to keep the customer happy.
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The Vehicles Users want the servicing centre to be time flexible, as
they want their work to be done as per their conv enience of time.
The customers want their vehicles to be serviced and handled
carefully.
The customers should be allowed to wait and see how the servicing
is done from a Glass Cabin.
As the servicing is over the vehicle should be delivered to the
customers and he should not be kept waiting till the time of
delivery on the job card.
Reasonable charges should be charged for servicing.
Customers want credit, hence only the regular customer to be given
credit against cheque.
Advertising should be done as, ³Maruti Suzuki authorized service
Centre with features of local garage´.
Experienced Mechanics should be there to reduce mishandling of
vehicles.
In that summer internship time was good. I also learn various things &
work with them properly. I work in the marketing & sales department.
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I also work as a sales executive in that organization. They provide me a
project topic for preparing a report. I also atten d the sales executive
training for five days. I also learn more to there & also learn for
marketing strategies
That type of training is beneficial in future & also help to me gain more
experience in further future.
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www.Marutisuzuki.com
www.wikipedia.org
www.marutiudyog.com
www.google.co.in
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Dear customer,
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1 How long have you been associated with Maruti?
&%...........................................................................
D
, How would you rate Maruti on the following parameter?
Availability of the
product
Prices are affordable
Attractive discounts
offered
Vehicle deliver with
all feature &
accessories
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Delivery experience
D
è What is your opinion about the product Reliability and Consistency
of fuel consumption?
&%
1. Unacceptable 2. Average 3. Good 4. Excellent
D
9 Are you aware of the following facilities provided by maruti with full
information?
Yes No
Maruti insurance
Extended warranty
True value
Maruti finance
Genuine accessories
D
would you rate in the term of cleanliness, comfort &Amenities and
our services?
&%
1. Unacceptable 2. Average 3. Good 4. Excellent
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D
: How satisfied is you with the Services you received?
&%
1. Unacceptable 2. Average 3. Good 4. Excellent
D
; How likely would you recommend Maruti?
&%
1. Vary unlikely 2. Unlikely 3. Average 4.Varylikely 5. Likely
D
<. How likely is you to buy again?
D
8 What is your overall opinion about Maruti?
&%
1. Very Bad 2. Bad 3. Average 4. Good 5. Very good
Remark if any...............................................................................................
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