Professional Documents
Culture Documents
PREPARED BY:ANUJVEER
GAURAV GULIA
KANWARPAL SINGH
NITISH JOSHI
SANTANU DATTA
SARAVANAN S
SAURABH BHALLA
SURVEY
To achieve the objective we decided to peek into market of C segment cars.
Lets understand the mind set of buyers of cars. What exactly they look for into a
car while taking a buying decision, which are the different factors and
importance of these factors in the buying decision, and how different age group,
different demography react to these features?
To find answers of these questions we created a questionnaire and went into
the market. We tried to get this questionnaire filled up by different people who
own the car of C segment
We surveyed 15-20 customers of these brands each. So our total sample size
was 80.
We tried to cover buyer from different strata of the society.
THIS IS THE
5TH MOST
IMPORTANT
FEATURE
ANALYSIS
After studying all the results, we can easily observe some obvious things like
Honda and Maruti are more preferred brand in Indian car market in C segment cars. These
brands have created their own space and goodwill after serving for years together. Indigo XL
is a new player which will face straight competition from these two brands.
Buyers get feedbacks from their friends, relatives, office colleagues and other close associates
and also they get influenced by their views while making final decisions.
One will suggest a brand name to his friends only when he is satisfied with the brand he own.
There is a significant influence of TV on lives of normal buyer. So nowadays TV commercials
are very successful in creating brand value, advertising a product and it is a good medium to
perceive a customer. And as some TV networks are enjoying majority of viewers faith and
belief these channels will prove to be a good platform to promote a product.
C-R-A-S-H. It may mean the end of the road for many cars, post2008.
Stringent tests are on the cards, and several popular car
models are in danger of being phased out, unless they go in for
major technology upgradations. Maruti 800, Esteem, Versa,
Omni, Ford Ikon and the half-a-century-old Ambassador, in
their present form, are likely to fail the proposed crash tests.
These together sell around 2-2.2 lakh units annually, with the
M800 selling the most 6,000 units a month.
Crash tests are meant to check if a vehicle moving at 40 km
per hour breaks fully without harming passengers. For a
vehicle to clear the test, its automotive technology should be
modernised, for which its maker will have to invest heavily in
upgradation, or phase it out, said a senior official of the
Automotive Research Association of India (ARAI), the countrys
largest testing and homologating body.
RECOMMENDATIONS
Indigo is a sedan in the C-segment of the 600,000 new car market in India.
The brand from the launch itself wanted to pamper the customers. The car
offered more space and comfort than even its high priced competitors. So
Tata chose to call it a stretch Limousine. The car offers comfort and
accessories that is seen only in super luxury cars and comes with the price
of a luxury sedan. The USP of the car is that The Indigo XL offers the
largest legroom space across any passenger car in the Indian auto market.
This is because of its long wheelbase, which is extended by 200 mm over
the Tata Indigo. Apart from this, a host of features, including 6 way
powered front seats, an integrated DVD entertainment system, an
unmatched rear seat incline, a rear AC console with separate controls, a car
phone with a wireless communication interface, which are associated only
with super luxury cars, come as standard fitments with the Indigo XL. The
result is a car that epitomizes luxury travel.
That clearly means Indigo XL is a technically superior product only need
is to promote and position it rightly. The market will only respond when it
will come to know about products superiority over other products.
They will have to create a belief in the mind set of their customer, dealer and target
audience. For this they can take help of their loyal customers and dealers.
considerations effectively, by which market will come to know about them. For this
they may air their TV commercial on successful TV networks like NDTV on prime
time slots, also they can take help of print media specially Times Of India.
If Indigo XL wants to compete with B segment cars and wants to divert their
customers it will have to focus and promote its price extensively which is very low
compared to other C segment cars. And if they want to position their product
against C segment then they will have to focus on luxurious features which they are
offering. Because the market of A and B segment cars had always given more
importance to cost consideration. On the other hand C segment customers will
always prefer different features that a car offer
THANK YOU