Customer Satisfaction Towards Ram Honda
Customer Satisfaction Towards Ram Honda
Customer Satisfaction Towards Ram Honda
Project Report On
WITH
THE DEGREE OF
SUBMITTED BY
(BATCH – 2018-2020)
I, the undersigned, hereby declare that the Project Report entitled "RECENT TRENDS OF
CONSUMER SATISFACTION IN TVS AUTO JALGAON" with SHRI DATTA AUTO
TVS; JALGAON written and submitted by me to the SAVITRIBAI PHULE PUNE University in
partial fulfillment of the requirements for the award of degree of MASTER OF BUSINESS
ADMINITRATION (MBA) under the guidance of PROF.SAMBHAJI PAWAR. It is my original
work and the conclusions drawn there in are based on the material collected by myself.
Date:
I take this opportunity of submitting this report to express my regards towards those who offered
their individual guidance in the hour of need.
I sincerely acknowledge with deep sense of gratitude and indebtedness to Director of S.K.N.
Sinhgad School of Business Management, Pune. DR.RAJASHREE SHINDE and my guide
PROF. SAMBHAJI PAWAR. Who has guided me with valuable inputs throughout the project
He gave knowledgeable insights about the topic, which helped me a lot.
I also would like to thank SHRI DATTA AUTO, JALAGON for giving me this opportunity to
work on this topic; it surely has given me insights into areas I was not much familiar earlier. I
have tried to share those insights with you in this report.
This project was really worthwhile to work on because it encompassed all the learning for a
management student. Thus it provided a ground to implement what is learned and also depicted
the real tasks that have to be undertaken in the witty-gritty involved in the system.
INDEX
Page No.
Sr. No. CONTENTS
EXECUTIVE SUMMARY
1
1 INTRODUCTION
2 COMPANY PROFILE
3 THEORETICAL BACKGROUND
4 RESEARCH METHODOLOGY
BIBLIOGRAPHY
ANNEXURE
EXECUTIVE SUMMARY
The project entitled “A Study on consumer perception and promotional activity Toward
TVS Two Wheelers with Special Reference to TVS Motors in Jalgaon City “was done at
JALGAON. The project was done under the guidance of Prof: SAMBHAJI PAWAR.
The project was aimed to “Study on Consumer perception and Promotional activity
Toward TVS Two Wheelers with Special Reference to TVS Motors In Selected Areas Of Jalgaon
City”. The project was undertaken to study on the consumer perception and effectiveness of Sales
Promotion activity individually and to evaluate their impact on the customer buying preference
towards the two wheelers of TVS Motor Company.
It includes mainly customer satisfaction on the services provided by the dealers, opinion
of the owners of Two Wheelers regarding its features like, mileage, price etc. and study the
customer satisfaction with usage of their TVS Two Wheelers.
Now coming to the initial weeks of the project was purely survey and collection of data
from many institutional customers, so as to get to know where exactly the product is standing in
the market currently, collection of the up-to –date data and material from numerous sources and
areas consumed considerable time and involved regular efforts.
The data collected from two sources such as Primary data and Secondary data. Primary
data is collected directly from each and every customer with the help of questionnaires and
unstructured interview. Secondary data was collected from various business newspapers, websites
journal and various magazines. Sample of 176 respondents chosen as a simple random method.
The analysis of the data obtained had been done by using the Bar Diagrams, Pie chart and
on the basis of this at the end of the report a trail has been made to suggest certain steps that may
help the company in reducing the constraints and thereby it can help identify and increases or
enhance the customer satisfaction level.
CHAPTER NO 1
INTRODUCTION
INTRODUCTION
CEO: K. N. Radhakrishnan
TVS was established by Mr. T. V. Sundaram Iyengar. He began with Madurai's first bus
service in 1911 and founded T.V.Sundaram Iyengar and Sons Limited, a company in the
transportation business with a large fleet of trucks and buses under the name of Southern
Roadways Limited. When he died in 1955, his sons took the company ahead with several forays
in the automobile sector, including finance, insurance, and manufacture of two-wheelers, tires
and components. The group has managed to run 97 companies that account for a combined
turnover of nearly $6 billion.
OBJECTIVES OF STUDY
Measure the consumers buying behavior towards the different models of TVS Two-
Wheelers.
To study the factors influencing the consumers to purchase the TVS Two-Wheelers.
To analyze the consumers level of satisfaction towards TVS Two-Wheelers.
To identify the problems faced by the consumers while using the TVS Two-Wheelers.
To know the post sales service performance.
To know the new area of improvement for the customer satisfaction.
Research also analyses if the customer feels that the sales promotional activities by
TVS motors are helpful to them.
It focuses on importance of various sales promotion activities towards the sale of
Company.
Helpful for company to developed of strategy.
Further researcher can use this Data (Primary DATA).
COMPANY PROFILE
COMPANY PROFILE
TVS Motor Company Ltd. the flagship company of TVS Group is the third largest two-
wheeler manufacturer in India. The company manufactures a wide range of two-wheeler from
mopeds to racing inspire motorcycles. The company is having their manufacturing plants at
Hosur in Tamilnadu, Mysore in Karnataka and Solan in Himachal Pradesh. They are also having
one unit located at Indonesia. Their subsidiaries include Sundaram Auto Components Ltd, TVS
Motor Company (Europe) BV, TVS Motor (Singapore) Pte Ltd, PT TVS Motor Company,
Indonesia, TVS Energy Ltd. and TVS Housing Ltd. TVS Motor Company Ltd. is a part of
Sundaram Clayton group in TVS group of companies. In the year 1979, Sundaram-Clayton Ltd.
started Moped Division at Hosur to manufacture TVS 50 mopeds.
In the year 1982, the company entered into technical know-how and assistance agreement
with Suzuki Motor Co. Ltd. of Japan and in the year 1985, they incorporated a new
companyLaxmi Auto Components Pvt. Ltd. for the manufacture of critical engines and
transmission parts. In the year 1986, the company acquired the assets of the moped division from
Sundaram Clayton Ltd. Also, the name of the company was changed from Indo Suzuki
Motorcycles Ltd. In the year1992, they launched two modes of motorcycles namely, Samurai and
shogun and in the year they launched TVS Scooty. During 1999 – 2000, TVS Suzuki Ltd. was
amalgamated with Sundaram Auto Engineers Ltd, an unlisted group company which was
incorporated in the year 1992.
Demand drivers
The demand for two-wheelers has been influenced by a number of factors over the past five
years. The key demand drivers for the growth of the two wheeler industry are as follows:
- Inadequate public transportation system, especially in the semi –urban and rural areas;
- Increasing availability of fuel –efficient and low-maintenance models;
- Increasing urbanization, which creates a need for personal transportation;
- Changes in the demographic profile;
- Increasing number of models with different features to satisfy diverse consumer needs.
MARKET CHARACTERISTICS
DEMAND:
The two main product segments in the two-wheeler category are motorcycles and mopeds.
However, in response to evolving demographics and various other factors, other sub-segment
emerged, viz scooterettesand4-stroke motorcycles. While the first two emerged as response to
response demographic changes, the introduction or 4-stroke motorcycles has followed the
imposition of stringent pollution controls norms in the early 2000, Besides, these prominent sub-
segments, product group within these sub- segments have gained importance in the recent years.
Examples include 125cc to 200 cc motorcycles,100-125 cc mopeds, etc. The characteristics of
each of the three broad segments are discussed.
Company Network:
TVS Motor Company has one of the most extensive networks with over 500 dealers and 2500
Customer touch points. We are the first in the two-wheeler industry to measure customer
satisfaction, audited by external consultants of international repute. We have taken care to
standardize facilities across all customer touch points. Up gradation of faculties and continuous
improvement in all processes is given importance. The company also takes an active part in
imparting training and capability building in all areas including sales, service and business
management. All our dealers are connected through the extended network of SAP, ensuring
operational efficiency.
Two-Wheeler: Comparative Characteristics:
MOTORCYCLES MOPED
Fuel Efficiency 50 – 80 50 – 60
Major Players:
COMPANY NAME
Bajaj Auto Ltd.
Hero MotoCorp Ltd.
Honda Ltd.
TVS Motor Company Ltd.
Yamaha Ltd.
PRODUCT PROFILE
TVS Product Launched:
- India's first 2 seater 50cc Moped TVS 50, launched in Aug 1980.
- First Indian Company to introduce 100cc Indo-Japanese motorcycles in Sept 1984.
- Launched India's first indigenous Scooterette (sub-100 cc variomatic scooters), TVS
Scooty in June 1994.
- Introduced India's first catalytic converter enabled motorcycle, the 110cc Shogun in Dec
1996.
- Launched India's first 5-speed motorcycle, the Shaolin in Oct 1997.
- Launched TVS Fiero, India's first 150 cc, 4 stroke motorcycle, in April 2000.
- Launched TVS Victor, 4-stroke 100 cc motorcycle, in august 2001; India's first fully
indigenously designed and manufactured motorcycle.
Scooty pep+:
4 –stroke, 90cc scooter pep+ for the new generation
TVS Wego:
4 – Stroke, 109.7cc, Ignition – Self and Kick, Transmission – V-matic
TVS Jupiter:
109.7cc, Weight – 108 Kg, Fuel Tank Capacity – 5 Liters, Top Speed – 85 kmph
Mileage – 45 to 55 kmpl.
TVS Starcity+:
109.7cc, Weight – 109 Kg, Fuel Tank Capacity – 10 Liters, Top Speed – 86 kmph
Mileage – 60 to 75 kmpl.
TVS Phoneix:
124.53cc, Weight – 116 Kg, Fuel Tank Capacity – 12 Liters, Mileage – 50 to 60 kmpl.
TVS Victor
109.7cc, Weight – 113 Kg, Fuel Tank Capacity – 8 Liters, Top Speed – 94 kmph
Mileage – 55 to 65 kmpl.
197.75cc, Weight – 148 Kg, Top Speed – 127 kmph, Mileage – 41 kmpl
Sources of data:
There are two types of sources of data, they are:-
1. Primary data
2. Secondary data
1. Primary data:
Primary data are the original observation collected by the researchers or his agents for the first
time and used by them in their investigation. Once the primary data has been used, it ceases to be
primary data and becomes secondary data. All the people from different profession were
personally visited and interviewed. They were the main source of Primary data. The method of
collection of primary data was direct personal interview through a structured questionnaire. The
sources of primary data are as follows:-
It was collected from internal sources. The secondary data was collected on the basis of
organizational file, official records, newspapers, magazines, management books, preserved
information in the company's database and website of the company.
• Websites
• Books
• Magazines
SAMPLE DESIGN:
RESEARCH DESIGN:
Sample Area: Jalgaon
Period of research: 03th June, 2019 to 03rd August, 2019
Type of research design: Exploratory research
Method of Data Collection: Primary & Secondary
Sampling Method: Purposive Sampling Method
CHAPTER NO 4
THEROTICAL BACKGROUND
1) PRODUCT MIX
Though the width of the TVS two wheeler bike product mix is small, it has a very deep
product mix. The consistency too has been maintained, by producing only related items.
The organization is constantly reviewing its products lines popularity and frequently changes
the products features to ensure product popularity some products lines were DE marketed
owing to its micro sales. The research and development department is constantly on lookout
for innovations and additions to the vast product lines of the organization.
3) BRANDING
The organizations fallows an umbrella branding policy biscuits and confectionery preparation
range selling hotly under the name of “TVS”
4) PACKAGING
Well-designed packages create convenience value for the consumer and promotional value by
the producer. packaging by the organization is done in way so as facilitate the use of the
products attractive as well as convenient for use of the products are packed containers good
shapes and size.
5) PRICING
The pricing policies of the organization have always been to maintain a reasonable level of
profit. The high incidence of excise duties of TVS two wheeler bike products however had
adverse impact on the organization. The recent year had shown more than a 100% of TVS
products.
ADVERTISING AND PROMOTION
Various Surveys carried out by ‘TVS’ show that a majority two wheeler users were either each
class of people going or co-working. The company has hence structure its advertising and
publicity campaigns based on these lines.
The advertisements are executed through various media’s viz. outdoor media, print media, TV.
And so on. The organization has a sales department of its own but takes the services of an outside
ad agency Reinfusion. All the TVS addare created by this agency. Since the organization
primarily operates in the field, most of the ads portray male, actors also Mahendra Singh Dhoni,
Sachin Tendulkar.
The company provides attractive display cards to its dealers and whole sales (distributors). Print
media advertisement is conducted through newspapers, magazines, Catalogues, Circulars,
Handbills, folders etc. The one thing noticeable here is that ads are mostly printed in magazine
which have large consumer readership. Thus contracting the target audience.
Due to the arrival of a new era in T.V. media. The T.V. has permeated in to the Indian lives very
deeply. TVS has availed this media to boost sales. The sponsorship of a soap opera is being done
by TVS and intensive ad campaigns through the T.V. are also being carried out.
The market for TVS has remained sluggish due to the high incidence of excise duty; this has
resulted in the sales of several products showing a declining trend. The organization hence has
had to spend more funds on advertising and publicity campaigns. The objective being product
remembrance by the public the interest of the consumers was also awakened regarding new
products to induce more sales
CHAPTER NO 6
DATA ANALYSIS &
INTERPRETATION
DATA ANALYSIS AND INTERPRETATION
Sales
Chart Title
6
Table No.1. TVS two wheeler model users
25
20
15
10
0
Scooty TVS Wego TVS TVS TVS TVS Victor TVS TVS
pep+ Jupiter Starcity+ Phoneix Apache Apache
RTR 180 RTR
200nv
TINTERPRETATION:-
According to the survey it is found that most of the respondents have TVS Victor (25%) and TVS
Jupiter (21%)and few of respondents have Scooty pep+, TVS Wego, TVS Starcity+, TVS,
Phoneix, TVS Apache RTR 180 and TVS Apache RTR 200nv.
Table No.2. When did you buy TVS Vehicles?
40
35
30
25
20
15
10
0
6 Months 1 – 2 years 3 years 3 – 5 years
INTERPRETATION:-
38% respondents purchased Vehicles before 3 years 32% of Respondents purchased before 1-
2 years 18% of respondents Purchased before 6 months and 12% of respondents purchased
before 3 – 5 years.
Table No.3 What are the reasons to purchase
TVS vehicles?
45
40
35
30
25
20
15
10
INTERPRETATION:-
Most of the respondents feel mileage (80%) price (75%) and low maintenance (60%)
and 30% of respondents feel brand name is important 20% of respondents feel wide
range of respondents is important
Table no.4.Was the vehicle delivered on promised time?
90
80
70
60
50
40
30
20
10
0
Yes No
INTERPRETATION:-
To most of the respondents (85%) the vehicle is delivered on promised time. Only too
few of the respondents (15%) vehicle is not delivered on promised time
Table no.5 Did the salesperson spend sufficient time with you and explain
everything about the vehicle?
80
70
60
50
40
30
20
10
0
Yes No
INTERPRETATION:-
Most of the respondents (72%) are satisfied with the service of the salesman and least
Number of respondents (28%) is not satisfied.
Table No.6 How do you feel about TVS two wheeler vehicle?
30
25
20
15
10
0
Excellent Good Moderate Satisfactory Unsatisfactory
INTERPRETATION:-
According to the survey 30% of the respondents feel good and 24%of respondents feel
satisfactory and 22% of the respondents feel excellent 18% of respondents feel moderate and 6%
of respondents feel unsatisfactory
Table No.7 State the level of satisfaction for the service provided by Datta TVS
showroom?
Number of Respondent in
Respondent %
Satisfied 30 30%
Dissatisfied 18 18%
35
30
25
20
15
10
0
Completely Dissatisfied Not at all Neither satisfied
Satisfied Satisfied satisfied nor dissatisfied
INTERPRETATION:-
Most of the respondents (34%) are satisfied and 26% of respondents Are neither
satisfied nor satisfied 18% of respondents are dissatisfied14%of respondents are not
at all satisfied and 8% respondents are fully satisfied.
Table no.8. What are the improvements in service that you need from SHREE
DATTA TVS Motors?
35
30
25
20
15
10
0
Service in time Reliable Service Well trained Less labour
Availability of mechanics Charg
spares
INTERPRETATION:-
Most of the respondents are need of less labour charges (35%) And Service in time
(32%) and 18% of respondents need reliable Service and few of the respondents need
well trained mechanics (8%) And availability of Spares (7%)
Table no.9 .How do you rate the service performance of SHREE DATTA
TVS?
45
40
35
30
25
20
15
10
0
Very Good Good Average Bad Very Bad
INTERPRETATION:-
Most of respondents rate the service performance as good (42%) And Average (33%)
Some of the respondents rate as very good (16%) And bad (8%)
CHAPTER NO 6
FINDINGS, SUGGESTIONS,
LEARNING, CONTRIBUTION &
CONCLUSION
FINDINGS
- According to the survey it is found that most of the respondents have TVS Victor
(25%) and TVS Jupiter (21%) and few of respondents have Scooty pep+, TVS Wego,
TVS Starcity+, TVS, Phoneix, TVS Apache RTR 180 and TVS Apache RTR 200nv.
- 38% respondents purchased Vehicles before 3 years 32% of Respondents purchased
before 1- 2 years 18% of respondents Purchased before 6 months and 12% of
respondents purchased before 3 – 5 years.
- Most of the respondents feel mileage (80%) price (75%) and low maintenance (60%)
and 30% of respondents feel brand name is important 20% of respondents feel wide
range of respondents is important
- To most of the respondents (85%) the vehicle is delivered on promised time. Only too
few of the respondents (15%) vehicle is not delivered on promised time
- Most of the respondents (72%) are satisfied with the service of the salesman and least
number of respondents (28%) is not satisfied.
- According to the survey 30% of the respondents feel good and 24% of respondents
feel satisfactory and 22% of the respondents feel excellent 18% of respondents feel
moderate and 6% of respondents feel unsatisfactory
- Most of the respondents (34%) are satisfied and 26% of respondents Are neither
satisfied nor satisfied 18% of respondents are dissatisfied14%of respondents are not at
all satisfied and 8% respondents are fully satisfied
- Most of the respondents are need of less labour charges (35%) And Service in time
(32%) and 18% of respondents need reliable Service and few of the respondents need
well trained mechanics (8%) And availability of Spares (7%)
- Most of respondents rate the service performance as good (42%) And Average (33%)
some of the respondents rate as very good (16%) And bad (8%)
SUGGESTIONS
The overall sales satisfaction index from the study reveals that the company is performing
very well and customers buying are much satisfied with the service given to them.
Some of the problem noticed is:
1. Some of the customers have complained about the slack in the delivery process and
timings. Therefore, this is the area which I recommend to the showroom to focus a little
bit more. It needs to improve its delivery process and time. Need to become little quick
and fast.
2. Some of the customers have also complained about the after purchase services
provided by the showroom. Even though the complaints are minor, the showroom needs to
resolve the customer after purchase service issues in order to achieve customer
satisfaction.
3. The maximum sale of TVS constitute of scooters so it is quite obvious that the
motorcycles are lagging behind some or other way, so various sales promotional activities
should be implemented to boost the sale of products like PHOENIX 125.
4. Needs to develop motorcycles with better features to compete the leaders in market
like Discover 100T, 125ST, Shine, Pulsar, etc.
5. As shown by the research LOAN AND EXCHANGE MELAS were the most
successful to attract the customer, so in order to increase the effectiveness of another sales
promotional tools.
6. After implementing the promotional strategies, a small training should be given to
dealers so that they can explain the offers and benefits to the customers properly.
7. As per the suggestion of the customers there should be time to time improvement in
the sales promotion strategies considering maximum benefits to the customers.
LEARNING
A Brief Knowledge about the Company Profile. Got to Know the Various Types Of
vehicles Available With them, after the brief Knowledge Obtain about the Vehicle,
next week to know the brief knowledge about promotional strategies organized by
company.
Got to know the perception of the buyer and their preferences. Had an insight about
customer thinking and wants.
Got to know the choices of the customer and their awareness about Honda’s various
two wheeler segment.
CONTRIBUTION TO THE ORGANIZATION
I have done research for the organization SHREE DATTA AUTO by which I Learned lots of
thing from there and also I helped that organization for their survey in knowing customer
perception about that organization which will definitely help them in near future in increasing
their customers by making changes in their product as per customer requirement
CONCLUSION
Most of the respondents are satisfied with the services of SHRI DATTA TVS Auto.
Less labour charge and service in time and increase in number of service station they
are
Three major parameters in demand.
The sale of Jupiter and victor are high as compared other vehicles.
The awareness regarding the various products of TVS is good among the customer.
The perception of customer may be improve by providing better products and better
post
Sale Service.
There is tuff competition between top three players i.e. between Hero Honda, Bajaj and
TVS.
BOOKS REFERRED:-
Marketing Management (12th edition by Philip kotler & Kevin lane keller) pg. no. 91 - 99
Marketing Research (4th edition by G C Beri) pg. no. 35-40
The Marketing White book 2013-2014
WEBSITE REFERRED:-
https://www.tvsmotor.com/
http://bikeindia.in/tvs/
https://en.wikipedia.org/wiki/TVS_Motor_Company
ANNEXURE
Name: __________________________
Gender: ___________________________
Age: _____________
8. What are the improvements in service that you need from SHRI DATTA TVS
Motors?
❏Service in time ❏Not at all satisfied
❏Reliable service ❏ Less labor charge
❏Availability of spares