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SUBMITED TO
Submitted by
Sr. No. Name Enrolment No. Signature
1 Bhimraj Suthar 180613101162
2 Kanhaiya Lal Mali 180613101063
3 Jenika Odedara 180613101077
4 Prashant Sharma 180613101148
5 Prashant Nasit 180613101174
6 Dhruvi Kamani 180613101158
7 Alisha Nandanvar 180613101173
March, 2021
1
INSTITUTIONAL CERTIFICATE
This is to certify that this grand project report titled “A RESEARCH STUDY ON ANALYSIS
OF RESEARCH IN CONSUMER PREFERENCE OF MARUTI SUZUKI” is the Bonafede
work of below mentioned students who carried out the research under my supervision. I also
certify further, that to best of my knowledge the work report here in does not form part of any
other project report or dissertation the basis in which a degree or award was conferred on an
earlier occasion on this or any other candidate.
2
DECLARATION OF ORIGINALITY
We hereby certify that we are the only author of this paper and that neither any part of this paper
nor the whole of the paper study has been submitted for a degree to any other University or
Institution.
We Certify that, to the best of my knowledge, my paper study does not infringe upon anyone’s
copyright nor violate any proprietary rights and that any ideas, techniques, quotations, or any
other material from the work of other people included in my paper study, published or
otherwise, are fully acknowledged in accordance with the standard referencing practices.
Furthermore, to the extent that we have included copyrighted material that surpasses the bounds
of fair dealing within the meaning of the Indian Copyright Act.
we declare that this is a true copy of my study, including any final revisions, as approved by
my paper study review committee.
Date:
Place:
Name of Students:
Signature of Guide:
3
APPROVAL CERTIFICATE
This is to certify that research work embodied in this thesis entitled “ANALYSIS OF
RESEARCH IN CONSUMER PREFERENCE OF MARUTI SUZUKI” was carried out by
Bhimraj Suthar (180613101148), Prashant Sharma (180613101162), Kanaiyalal Mali
(180613101063), Jenika Odedra (180613101077), Prashant Nasit (180613101074), Alisha
Nandanwar (180613101073), Dhruvi Kamani (180613101058) at PARUL INSTITUTE
OF
BUSSINESS ADMINISTRATION is approved for award of the degree of “BACHALOR
OF BUSSINESS ADMINISTRATION” by Parul University.
Date:
Place
4
ACKNOWLEDGEMENT
It has been a great honor to work, right from the concept and idea of the topic to completion
of the entire work of the project and research, under the guidance of my honorable and
respected guide, MR. RAHUL CHAUHAN, Assistant Professor in BBA (PARUL
INSTITUTE OF BUSSINESS ADMINISTRATION). We are hearty thankful for their
valuable contribution. They are a constant source of encouragement and momentum that
any difficulty becomes simple. They always supported and tolerated me (including my all
silly mistakes and lethargy). We obtained a lot of very useful advice and suggestions from
them during the entire work schedule.
We are also grateful to all the staff members of BBA as they spent their valuable time in
guiding me in my project and research work.
NAME ENROLLMENT NO
5
INDEX
6. CONCLUSION 65
8. QUESTIONNAIRE 68
6
1. GENERAL INFORMATION
1.1 INDUSTRIAL OVERVIEW
Introduction
India became the fourth largest auto market in 2019 displacing Germany with about 3.99
million units sold in the passenger and commercial vehicles categories. India is expected to
displace Japan as the third largest auto market by 2021.
The two wheelers segment dominate the market in terms of volume owing to a growing middle
class and a young population. Moreover, the growing interest of the companies in exploring
the rural markets further aided the growth of the sector.
India is also a prominent auto exporter and has strong export growth expectations for the near
future. In addition, several initiatives by the Government of India and major automobile players
in the Indian market is expected to make India a leader in the two-wheeler and four-wheeler
market in the world by 2020.
Market size
Domestic automobiles production increased at 2.36% CAGR between FY16-20 with 26.36
million vehicles being manufactured in the country in FY20. Overall, domestic automobiles
sales increased at 1.29% CAGR between FY16-FY20 with 21.55 million vehicles being sold
in FY20.
Two wheelers and passenger vehicles dominate the domestic Indian auto market. Passenger car
sales are dominated by small and mid-sized cars. Two wheelers and passenger cars accounted
for 80.8% and 12.9% market share, respectively, accounting for a combined sale of over 20.1
million vehicles in FY20.
As per the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle wholesales
in India increased by 26.45% to 2,72,027 units in September 2020, up from 2,15,124 in
September 2019.
Overall, automobile export reached 4.77 million vehicles in FY20, growing at a CAGR of
6.94% during FY16-FY20. Two wheelers made up 73.9% of the vehicles exported, followed
by passenger vehicles at 14.2%, three wheelers at 10.5% and commercial vehicles at 1.3%.
EV sales, excluding E-rickshaws, in India witnessed a growth of 20% and reached 1.56 lakh
units in FY20 driven by two wheelers.
Premium motorbike sales in India recorded seven-fold jump in domestic sales, reaching 13,982
units during April-September 2019. The sale of luxury cars stood between 15,000 to 17,000 in
the first six months of 2019
8
INDUSTRY VS COMPANY
In 9 out of past 10 years (i.e., from FY 11 to FY 20), company has outshined the market in
terms pf growth.
In FY 20, slow down of auto sector has has happened even before COVID-19 outbreak due to
BS-6 norms which were w.e.f. 1st April 2020.
30
24.81
20
13.45
10.89 11.89
10 9.7
8.28 8.54
6.36
4.66
3.33
0
-1.78
-6.94
-10 -10.8 -11.43
-16.06
-20
-23.69
compeny growth industry growth
-30
This has led to decrease in demand in auto sector since everyone waited for buying new BS-6
vehicles which will be available from FY21.
Even in this year, company has outperformed market and recorded just 16% decline as against
23% decline in the market.
Schemes introduced by FM like additional depreciation does not help the sector too much.
According to COVID-19 outbreak has dragged the slowdown in the industry into FY 21 also
which was expected to be continued till the year end.
9
FORMERLY MARUTI SUZUKI LIMITED
INDUSTRY AUTOMOTIVE
FOUNDED 1981
NO OF EMPLOYEES 15,945
- On 2012 July 18 Maruti’s Manesar plant was hit by violence and the management of the
production workers attacked supervisors and started a fire that killed company general
manager of human resource and injured 100 other managers including two Japanese
expatriates. The company fired more than 500 workers accused of causing the violence
and re-opened the plant on 21 august.
10
MARUTI SUZUKI PLANTS STAT
- Exported units of Maruti Suzuki its almost 552,000 cumulatively with about 280,000 units
to Europe and Israel.
- In India the main manufacturing facilities are in Gurgaon or Manesar in which Gurgaon
spread over 300 acres and the other facility is at Manesar, spread over 600 acres in north
India.
STOCK STAT
- Maruti Suzuki current stock price is almost 7446.05 rupees per share in BSE (Bombay
stock exchange) and in NSE (national stock exchange) it’s almost same of BSE.
- As per the current news Maruti Suzuki’s super carry records cumulative sales of over 70k
units in just four hours.
Major holders (In %)
56.38% of shares held by all insiders
34.45% of shares held by institution
78.97% of float held by institution
260 Number of institutions holding shares.
In this product price details Maruti – 800 is the lowest price model of this company And Grand
Vitara is the highest price model of the company.
11
DISTRIBUTION CHANNEL OF MARUTI
12
Series 1
MARUTI 16.5
HYUNDAI 13.4
HONDA 14
TOYOTA 11
MAHINDRA 5.7
TATA 3
VOLKSWOGEN 11.2
NISSAN 5.3
FORD 8.2
RENAULT 4
SKODA 6.2
AUDI 0.5
BMW 0.5
MERCEDES 0.3
0 2 4 6 8 10 12 14 16 18
From the resent survey we have found that consumer’s most favorable brand in Indian
market is Maruti-Suzuki. Whose sells is always high then other brands because people
think Maruti Suzuki always offer value of money product.
13
11. Hyundai venue 9265
12. Kia seltos 9205
13. Hyundai i20 9096
14. Maruti brezza 7838
15. Maruti s presso 7018
16. Maruti Celerio 6533
17. Tata altroz 6260
18. Mahindra bolero 6055
19. Tata nexon 6021
20. Tata tiago 5743
From those stats of sales volume of cars in November 2020 we can say that Maruti Suzuki have
high coverage on market in top 20 list of cars 10 cars are from Maruti Suzuki brand.
we can say that Maruti Suzuki is very tough competitor for other brands. After Maruti Suzuki
the other brand who is in good position is Hyundai and the new brand kia. Maruti Suzuki swift
is the top selling car of the brand in hatchback variant.
14
Top competitor in every segment –
Hatchback – in this segment top two cars are
Name Maruti swift Hyundai i10
Mileage 22.00 kmpl 18.90 kmpl
Power 82 bhp 83 bhp
Engine 1197 cc 1197 cc
Sales 18498 unit 10936 unit
15
Maruti Suzuki Alto Price: 3 lakhs onward
Seating capacity :5 Mileage of 22.5 to 31.59
Key features –
• Arai mileage: 19 .7 kmpl • City mileage: 15.7 kmpl • Engine displacement
17
Seating capacity: 5 Mileage: 19 .95 kmpl
Key Features –
• Power windows front • Anti-lock braking system • Power steering • Air conditioning
18
• Every customer can sell and buy cars with help of Maruti Suzuki true value service in
India.
• As there are 1252 true value outlets in India.
• True value offers good deal to their customers.
• Maruti Suzuki is the only company whose car get maximum resale value.
4. Sales Department
• Maruti Suzuki has the largest sales and service car manufacturers in India.
• It had 802 sales in 555 cities and 2740 service workshops in 1335 cities.
19
2. LITERETURE REVIEW
2. Dr. v. Suganthi & R. renuka M.Phil. (2016) both are from vidyasagar college has
analysed the level of satisfaction of customer towards Maruti Suzuki swift cars and also
the profile of demographic, and also said that Maruti Suzuki swift is most lovable &
preferred brand by the maximum of the customers.
3. Dr. gayatri Chopra (2019) assistant professor from bhagwan parshuram institute the
objective of the study is to compare the most preferable brand of the customers with
the different dimensions like price, feature, colour and the resale value and the
competitors of the market cannot be ignored is also given in then study where other side
the companies need to establish their brand equity.
4. Harpreet Kaur (2016) from lovely professional university has analysis the consistent
performance of Maruti Suzuki ltd, in this global & local environment. The viewpoint
of this study is to know is leader of Indian automobile sector and also the company is
consumer oriented in its approach as it offers high quality products and uncontested
leader of Indian automobile industry.
5. Jagannathan and k. palanichamy (2016) have published journal studying and analyse
the behaviour of buyers towards the small cars produced by MSIL and some
suggestions to the manufacturer has to develop customers satisfaction and also market
share. At the end of study reveals that the customers are influenced by the factors such
as fuel, price and its efficiency and after buying company services.
6. fentaw leykun from bahirdar university described and introduced the full study of the
future changes, key success factors, going forward strategy and also different analysis
like competitor’s analysis, portfolio etc. in this given study the market study of Maruti
Suzuki and forward plans of the company has strategically described where the
company how coping with the competitors and come up according to the customers
preferable choices.
7. K. Sathya and G. Venkatesan (2018) have made a research report on a study on new
product wants to customer used by Maruti Suzuki with reference to cars India private
ltd. The objective of this study is to find the level of effectiveness of advertising
methods used by Maruti Suzuki. And to identify the most preferred advertising media
among the customers. And this research is done with the questionnaire which help to
20
find out the view of the general public. From this research they get conclusion that
majority of customers liked to see offbeat advertisements which were creative but
simple.
8. Dr. Vishal s. Rana and Dr. M.A. lokhande (2015) have publish the research paper on
consumer preference towards passenger cars of Maruti Suzuki and Hyundai motors the
objective of this study is to get the opinion regarding Maruti Suzuki and Hyundai brand
with respect to after sales service, resale value, fuel efficiency, vehicle satisfaction, and
get opinion about price and the study of preference of customer while buying the Maruti
and Hyundai brands from this research they get clear consumer preference that 66.6
percent respondents own Maruti cars and 33.4 percent own Hyundai car from this
survey it was found that consumer preferred Maruti vehicle on vital parameter like fuel
efficiency, better after sales service and availability of spare parts. And customer
preferred Hyundai cars for comfort and convenience.
9. Vijay Dhote (2019) have done a research project on consumer buying behavior and
attitude toward Maruti Suzuki cars in Nagpur city. Researcher objective is to find out
impact of brand preference among Maruti Suzuki cars, to know the reason why people
opt to buy Maruti Suzuki cars. Researcher found form the survey that Maruti alto brand
is the most preferred car and also sentro. It shows the buying behavior of customers that
the most of the customer purchase car based on mileage followed by price and
maintenance.
10. Mrs. jisha n, and abhishake I (2018) have done a brief study about brand loyalty with
special reference in Coimbatore city this study is an attempt to know how much the
customer is loyal to the Maruti Suzuki brand. The main objective of the study is
analyzing the effectiveness of brand loyalty with various factors including product
quality price perceived quality and availability of model. The study founds in
Coimbatore city have strong influence on the product quality price perceive quality
towards Maruti Suzuki, the author suggests from the study that marketing strategy
should concentrate more in general advertisements and the digital media awareness
should be extended to reach the public more.
11. Mr. Rumit Kumar Sahu (2017) have published their research paper on a study on factor
influencing customer preference for purchasing a car with respect to Maruti Suzuki in
Bhallai-Durg India. The intent of this research paper is to find out major factor which
are responsible to influencing the preference of customer the main objective of this
study is analyze the preference of customer for buying the car. To analyze the factors.
From this study author found that the company maruti Suzuki is satisfied their
customers in various segment but some customer wants some little improvement in
performance and promotion stratergy for capture the market this factor plays an
important role.
12. G. Santoshi have done a research report on trend analysis of Maruti Suzuki India ltd.
The aim of study of this research paper to find the financial position of Maruti Suzuki
and this analysis is performed through analysis of reported financial information by
21
using different accounting tools and techniques. The object of study is to know the
procedure and use of various variables like as financial results, purchases, net sales,
total expenses, expenditure on research and development and in calculation of trends
and the past growth or decline of the series.
13. C.S. Gowtham Chakravarthy, Ankit Kumar both are from Bharath University has
published their research paper on a study on the customer Behaviour of the customer
towards Maruti Suzuki. And the need of this study is to understand the likes and dislikes
of the customer regarding Maruti product & services and also understand the channels
and how they are working and object of this study is to find out the customer behaviour
of Maruti Suzuki and to analyze the factor influencing to use and buy Maruti Suzuki
cars. So that’s by it seems that India has finally arrived in the big league of Asian car
markets. Steady and impressive annual growth rate, presence of international
automakers, equity regulations, reduction of tariffs on imports and few other are the
components of it booming auto market. The country has now come to be recognized as
a potential emerging market. The perception of foreign investors has changed,
everybody wanting to be here.
14. Dr. Tapasya Julka, assistant professor and Ajaybir Singh Lamba, research scholar both
have done a research project on supply chain and logistics management innovation at
Maruti Suzuki India limited. Researcher objective is to understand the implementations
of innovations in supply chain and logistics management at Maruti Suzuki India
Limited. But The competition in modern business management is no longer between
organizations but within supply chains components. so that MSIL will be required to
be flexible and responsive towards their supply chain and logistics management process
and consistently introduce innovations in order to further improve operational
efficiency, quality and cost effectiveness.
22
Suzuki and
Hyundai motors.
4. Harpreet Kaur A leader in Indian The variety in the products the affordability
automobile sector and the sales & service cost and the
MSIL connectivity and approachability make
MSIL the uncontested leader of Indian
automobile industry.
5 Jagannath and k A study on the The results of this study reveal that the
palanichamy buying behavior customers are influenced by the factors such
towards small cars as fuel, price and its efficiency and after
produced by buying company services.
MSIL in the
nilgris district of
tamilnadu.
6. Fentew leykun Maruti Suzuki The company has strategically described
and bahirdar India limited where the company how coping with the
strategic competitors and come up according to the
management. customers preferable choices.
[ a case study]
7. k Sathya and G. new product From this research they get conclusion that
Venkatesan wants to customer majority of customers liked to see offbeat
used by Maruti advertisements which were creative but
Suzuki with simple.
reference to cars
India private ltd.
8. Dr. Vishal s rana consumer People preferred Maruti vehicle foe better
and Dr. M.A. preference after sales service and better fuel economy
Lokhande towards passenger and preferred Hyundai for better comfort
cars of Maruti and convenience.
Suzuki and
Hyundai motors
9. Vijay dhote consumer buying It shows the buying behavior of customers
behavior and that the most of the customer purchase car
attitude toward based on mileage followed by price and
Maruti Suzuki maintenance.
cars in Nagpur
city.
10. jisha n and brand loyalty with The study founds in Coimbatore city have
abhishake special reference strong influence on the product quality price
in Coimbatore perceive quality towards Maruti Suzuki.
city.
11. Rumit Kumar study on factor Maruti Suzuki is satisfied their customers in
Sahu influencing various segment but some customer wants
customer some little improvement in performance
preference for and promotion strategy for capture the
purchasing a car market this factor plays an important role.
with respect to
Maruti Suzuki in
23
Bhallai-Durg
India.
12. G Santoshi Trend analysis of This analysis is performed through analysis
Maruti Suzuki. of reported financial information by using
different accounting tools and techniques
and the past growth or decline of the series
2.3 THESES –
At the part of car selection, there are number of choices are available to the Indian consumers
so a question arises as to why different people choose different brands and what are the features
they look for while purchasing a car, in context to Maruti Suzuki. In order to make a dent into
the query a study was undertaken in India among the car owners. As India is symbolic of the
changes that are taking place in the socio- economic scenario of the country due to improving
technology and opening up of the economy, it provides a scope to understand the consumers
buying behaviour towards the Maruti Suzuki cars. In India the income of the people in general
has been on the rise due to industrialization and urbanisation. It would not be a misnomer to
say that people in India are upwardly mobile. They are moving up in the social strata because
of increasing income and nature of work. With the Maruti cars having being in the market for
quite a long time, their performance on the road provides sufficient data for study. The results
of the study would give the companies who in future wish to launch the passenger cars, an
insight about the preferences of the consumers and also their expectations from the Maruti
Suzuki cars. This would help the companies to understand the capacity of the market and target
the right customers.
OBJECTIVE OF THE STUDY ARE: -
1) Determine the factors which are influencing the choice for a Maruti cars.
2) To know and find about consumers’ expectations from Maruti Suzuki cars.
3) To research and study the satisfaction level of consumers of Maruti Suzuki cars.
4) To find and know about problems faced by the consumers of Maruti Suzuki cars.
25
SCOPE OF THE STUDY: -
The scope of the study is to get the knowledge about the buying behaviour of consumers
towards Maruti Suzuki cars. The scope is restricted to study the factors affecting the preference
of consumers while purchasing Maruti Suzuki cars in India and their satisfaction level taking
into consideration the problems faced by them with regard to the Maruti Suzuki cars. This is
done to avoid perceptual bias and for providing objectivity to the study.
ANALYSIS OF DATA: -
In the study, an attempt was made to understand the choice and preference of consumers for
different car brands and the factors that influence their buying behaviour. Therefore, different
factors influencing the buying behaviour of consumers for cars are studied. Data analysis is an
attempt to organize and summarize the data in order to increase results’ usefulness. For the
analysis of primary data, the statistical tools, which are used, are pie charts and bar graphs.
ANALYSIS AND INTERPRETATION
OUTCOME
The topic deals with the following results and findings of the project: Majority of the
respondents own a Maruti Suzuki car and therefore it is the most preferred car. Apart other
customer also think that Maruti Suzuki has a wide variety of cars to choose. Consumer are
satisfied with the price of Maruti cars, and are happy to spend the price to buy Maruti cars.
Majority of our respondents think that Maruti cars serve better than other brand cars. While
purchasing a new car, the most common think that consumer always prefer fuel efficiency
feature, in which people think will affect their purchase decision. Our consumer was aware
26
of the other brands quite well, and brand image is also a key point to affect the purchase
decision of the customers. Maruti Suzuki cars has good fuel efficiency, with competitively
priced and wide variety and colour options. Majority of the feedbacks are satisfying and happy
consumer to buy a Maruti car in the future.
2. New Delhi: India on Wednesday said it will increase prices of its vehicle from January
to offset the adverse impact of rising input costs in car market leader Maruti Suzuki.
Over the past year, cost of the company’s vehicles has been impacted adversely due to
increase in various input costs. Maruti Suzuki India said in a regularly filing. Hence, it
has become imperative for the company to pass on some impact of the above additional
cost to customers through additional cost to customers through a price increase in
January 2021. At present Maruti Suzuki sells a range of vehicles from entry-level small
car alto with price starting at Rs 2.95 lakh to multi-purpose vehicles XL6 priced up to
Rs 11.52 lakh (ex-showroom Delhi).
3. Maruti Suzuki wary of dip in sales after festive season, Maruti on Thursday reported a
1% rise in net profit from a year ago to Rs1,371.6 crore in the September quarter. the
sales momentum seen since the lockdown was eased will sustain beyond the festive
season because of the concern over demand in the urban markets. The company’s total
vehicles sales jumped 16% during the quarter to 393,130 units in the year of 2020 and
the company sold 36,775 units in the June quarter when the country is in the COVID-
19 situation was in the middle of the lockdown.
27
3. RESEARCH METHEDOLOGY
3.1 Problem statement of project
A research study on Analysis of research in consumer satisfaction of Maruti Suzuki.
In a descriptive design, a researcher is solely interested in describing the situation or case under
their research study. It is a theory-based design method which is created by gathering,
analysing, and presenting collected data. This allows a researcher to provide insights into the
why and how of research. Descriptive design helps others better understand the need for the
research. If the problem statement is not clear, you can conduct exploratory research.
28
d. Experimental research design:
Experimental research design establishes a relationship between the cause and effect of a
situation. It is a causal design where one observes the impact caused by the independent
variable on the dependent variable. For example, one monitors the influence of an independent
variable such as a price on a dependent variable such as customer satisfaction or brand loyalty.
It is a highly practical research design method as it contributes to solving a problem at hand.
The independent variables are manipulated to monitor the change it has on the dependent
variable. It is often used in social sciences to observe human behaviour by analysing two
groups. Researchers can have participants change their actions and study how the people
around them react to gain a better understanding of social psychology.
In diagnostic design, the researcher is looking to evaluate the underlying cause of a specific
topic or phenomenon. This method helps one learn more about the factors that create
troublesome situations. This design has three part of the research.
Explanatory design uses a researcher’s ideas and thoughts on a subject to further explore their
theories. The research explains unexplored aspects of a subject and details about what, how,
and why of research questions.
3.4 Sampling
29
3.4.1 population:
The population comprises of all passenger car manufacturer of Delhi –National capital region,
all chassis suspension system suppliers, and their sub supplier. In Delhi-National capital region,
we have two car manufacturers named Maruti Suzuki and Honda. Maruti has two plant in
Delhi-National capital region located at Gurgaon and Manesar. Honda Car also has two plant
in Delhi –National capital region located at Noida and Tapukara. In Delhi-National capital
region there are total four chassis suspension system manufacturer named Gabrial, BWI
automotive, Technicon, Munjalshowa and their sub supplier called tier 2 supplier are in total
termed as population
30
and focus groups. These databases could come from a variety of sources including customer
lists, government registers and purchased telephone numbers and/or email addresses.
A sampling frame generally includes the respondents’ names and appropriate contact details
(so that they can be contacted to take part in the research), but may also include other significant
known information that may be drawn upon in the analysis stage of the research such as age,
location or customer segmentation data. This information is often stored in an Excel
spreadsheet, or similar document.
Sampling frames need sense checking as large databases can often contain mistakes, depending
on the sample source - this could be out of date information, such as employees or customers
who have left, or duplicate data entries.
Sampling frames can be provided to a market research company for a specific project by the
end client, but they can also be obtained from other sources, including, but not limited to, third
party sample companies (including online panels, telephone and email lists).
A sampling frame is a list or other device used to define a researcher's population of interest.
The sampling frame defines a set of elements from which a researcher can select a sample of
the target population. ... Comprehensiveness refers to the degree to which a sampling frame
covers the entire target population.
A list of the target population for a survey. The list or frame is the database of potential
respondents from which the sample is drawn. For example, the list of owners of horses would
be the frame from which to pull a sample to survey horse owners.
▪ In Simple random sampling (SRS) research projects are much larger and involve an
indefinite number of items. It is practically impossible to study every member of the
population’s thought process and derive interference from the study.
▪ If, as a researcher, you want to save your time and money, simple random sampling is
one of the best probability sampling methods that you can use. Getting data from a
sample is more advisable and practical
▪ Whether to use a census or a sample depends on several factors, such as the type of
census, the degree of homogeneity/heterogeneity, costs, time, feasibility to study, the
degree of accuracy needed, etc.
There are several external sources from where the secondary data can be collected. These are:
▪ Government censuses, like the population census, agriculture census, etc.
▪ Information from other government departments, like social security, tax records, etc.
▪ Business journals
▪ Social Books
▪ Business magazines
▪ Libraries
▪ Internet, where wide knowledge about different areas is easily available.
The secondary data can be both qualitative and quantitative. The qualitative data can be
obtained through newspapers, diaries, interviews, transcripts, etc., while the quantitative data
can be obtained through a survey, financial statements and statistics.
One of the advantages of the secondary data is that it is easily available and hence less time is
required to gather all the relevant information. Also, it is less expensive than the primary data.
But however, the data might not be specific to the researcher’s needs and at the same time is
incomplete to reach a conclusion. Also, the authenticity of the research results might be
skeptical.
33
4. DATA ANALYSIS
1. GENDER
GENDER
33%
Male
Female
67%
DESCRIPTION –
we can observe that major of respondents are males with 67% and
less 33% are female
34
2. Age
Age
5%1%
10%
20 years to 30 years
31 years to 40 years
41 years to 50 years
51 and above
84%
Description –
35
3. Occupation
Occupation
8%
8%
Students
Salary head
17%
Businessmen
67% Other
Description -
36
4. Income
Column1
10%
Up to Rs. 3,00,000
18%
43% Rs. 3,00,001 to Rs. 6,00,000
Rs. 6,00,001 to Rs. 9,00,000
Rs. 9,00,001 and above
29%
Description -
43% of our respondents are from income group up to 3,00,000 lacs rupees and
that is because some of them might be fresher students or financial dependent,
29% of respondents are comes in 3 to 6 lacs where the employees come in and
the least other higher income group with the total of 28%.
37
5. Which is your favorite car type?
Car Type
3% 10%
Hatchback
Sedan
33% SUV
54%
Muv
Description -
33% of our respondents chosen sedan as a favorite car because in survey we find
sedan cars are more comfortable according to the customers that is why the ratio
of sedan car is high.
38
6. Which car is your favorite in Maruti Suzuki?
Alto 4 2% 2%
Swift 41 20.5% 22.5%
Wagon R 5 2.5% 25%
Ignis 2 1% 26%
Celerio 6 3% 29%
Dzire 24 12% 41%
Brezza 50 25% 66%
Ciaz 36 18% 84%
S-Cross 20 10% 94%
Ertiga 12 6% 100%
Total 200 100%
Alto
6% 2% Swift
10% 20% Wagon R
Ignis
Celerio
18% 3%
1%
3% Dzire
Brezza
12%
Ciaz
25% S-Cross
Ertiga
Description-
Most of the people have responded for Brazza car with a total 0f 25% and swift
also with the percentage of 20. This means that people are having good experience
with Brazza and swift cars.
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7. Why you giving first preference to Maruti Suzuki while buying car?
22% 24%
Good facility
Quality service
Price
9%
Good designing
Description-
24% People are giving first preference to Maruti Suzuki because of good facility
and also 24% people giving first preference because of quality service, and 22%
for better milage than other cars. And 21% of people are saying that prices are
good enough to become first preference that what exactly Maruti Suzuki is giving
to the customers.
40
8. Which promotional media is influencing you to buy cars?
Promotional Media
22% 22%
Broadcasting
Product demonstration
Word of mouth
Publication
29% 27%
Description –
In the survey 29% of respondents influences when the past customers share their
experience to the new one and that influences the most and 27% respondents
when they look the product demonstration and others are influenced with
advertisement.
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9. Which company is your second choice while buying car?
Second preference
Description –
Hyundai with 38% of majority responds are the second-choice company while
car buying because Hyundai is the great competitor of Maruti Suzuki in
automobile industry and their cars are also sufficient for any situation.
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10. Reason for brand choice?
Brand Choice
13%
26%
Brand image
17% Feature
Price
Mileage
44%
Description -
Feature is the reason for brand choice as per the opinions of the people its almost
44%. And 26% choose because of the brand image and the reputation of the
company. 13% people says petrol average is the reason to buy.
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11. What is your opinion about Maruti Suzuki comparing with
others?
Number percentage cumulative
3%
9%
22%
Excellent
Very good
Good
33% Average
Poor
33%
Description -
Most of the people have responded for good with the total of 88% by combining
very good, good and excellent. this means people are having amazing moments
with the Maruti Suzuki company.
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12.Are you satisfied about the price of Maruti Suzuki small car
comparing with others?
3%
19%
23%
Highly satisfied
Satisfies
Neutral
Dissatisfied
55%
Description-
Highly responds are satisfying with small cars comparing with others, Maruti
sufficiently design their cars according to the customer satisfaction
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13.Which is your favorite design of car of Maruti Suzuki?
Favorite Design
1%
2% Alto
16%
Wagon r
27% Swift
Ciaz
29% Ignis
Brazza
2% 23% S-cross
Description -
Why people choose cars? design is the term where people look first and react
29% of people choice Brazza as favorite car
46
14. Do you want any changes in cars of Maruti Suzuki?
37%
Yes
No
63%
Description -
63% respondents agree that they want changes in cars as per the situation or
demand according to the customers, and 37% says no they don’t any changes
because they feel sufficient and satisfied with the cars.
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15. Which kind of changes are you expecting in the cars of Maruti
Suzuki?
changes
16%
27% Increase Mileage
Add new facility
Reduce prize
28% Changes in design
17% Improve build quality
12%
Description -
28% respondents want changes in add new facilities in car, 27% people says
improve build quality of the product such as material, safety etc. and 16% wants
increase in milage.
17% respondents want changes in design and 12% is less ratio but big ratio to
worry about reduce price.
48
16. Are you satisfied about the service cost of Maruti Suzuki car
comparing with others?
Service cost
4%
18%
27% Highly satisfied
Satisfied
Neutral
Dissatisfied
51%
Description -
Almost 69% are satisfied with the service of Maruti Suzuki, 27% are were of
them who is neutral and least 4% are dissatisfied with the service.
49
17.If Maruti Suzuki is planning to launch new car in hatchback
segment which particular price range you prefer?
Sales
18% 22%
3 lacs – 4 lacs
4 lacs – 5 lacs
5 lacs – 6 lacs
29% 6 lacs – 7 lacs
31%
Description –
22% people satisfied with the base price for new segment
And less 18% respondents think 6-7 lacs as starting of the hatchback segment.
50
18.Do you think the introduction of new model in premium segments
will improve the sale of Maruti Suzuki?
14%
Yes
No
86%
Description –
51
19. What is your opinion about spare parts price in Maruti Suzuki
cars?
spare parts
3%
19%
High
Reasonable
Low
78%
Description -
No. of people shares their opinion in the survey that spare parts are reasonable
and sufficient their price to buy and the percentage of the respondents is 78% and
19% people thinks it is high and least 2% people thinks price of spare parts is
low.
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20. How do you feel when you drive yours Maruti Suzuki cars?
Driving Comfort
2%
12% 20%
More comfortable
Comfortable
Less comfortable
Uncomfortable
66%
Description -
66% of people are feel comfortable while driving Maruti Suzuki cars in which
20% people are more comfortable and only 2% responds are negative.
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21.Which is your most favorite color in Maruti Suzuki cars?
Sales
7%
White
13%
34% Black
Red
14% Blue
Silky silver
6%
Azure grey
26%
Description -
If we talk about the color choice of the respondent’s white is the most preferable
color in Maruti Suzuki with the percentage of 34%. Swift car is the maximum
running car in India and their color is also white, 26% people prefer black color,
13% goes with silky silver, 14% with blue and less preferable color is grey.
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22.Are you satisfied with the safety comfort of Maruti Suzuki?
Safety
10% 17%
Highly satisfied
20%
Satisfied
Neutral
Dissatisfied
53%
Description -
In automobile sector safety is the important perspective, 53% people are happy
with safety and comforts of Maruti Suzuki where others 20% people are neutral
with both the terms and 17% are highly satisfied, 10% of respondents are not
satisfy with safety concerns.
55
23.Do you think Maruti has a wide variety of cars?
24%
Yes
No
76%
Description -
In the survey we find Maruti Suzuki has a wide range of new and old cars which
remains the fresh sellers and 76% agree with that Maruti has large varieties of
cars and 24% denied.
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24. which could be the nearest competitor of Maruti Suzuki?
Competitor
7% Hyundai
4%
7% Tata
Toyota
12% 48% Mahindra
2% Ford
Renault
20%
Others
Description -
Maruti Suzuki’s top competitors are Hyundai and tata motors according to the
respondents with of the percentage of 48% and 20% and because of the Hyundai
new cars drive its growth to another level.
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4.2 HYPOTHESIS ANALYSIS
In this hypothesis we used 95% Confidence Interval Level.
4.1.1
Ho1 There is a positive relationship between age group and selection of models of Maruti
Suzuki.
Ha1 There is a negative relationship between age group and selection of models of Maruti
Suzuki.
1. Observed frequency
Age Wagon Ignis Celerio Dezire Brezza Ciaz S- Ertiga Total
Alto Swift r cross
20 - 30 3 37 1 1 5 20 44 34 16 7 168
31 - 40 1 3 4 1 0 2 3 0 4 3 21
41 - 50 0 1 0 0 1 1 3 2 0 1 9
51 and 0 0 0 0 0 1 0 0 0 1 2
above
Total 4 41 5 2 6 24 50 36 20 12 200
2. Expected frequency
Age Swift Wagon Ignis Celerio Dezire Brezza Ciaz S- Ertiga Total
Alto r cross
20 - 30 3.36 34.44 4.2 1.68 5.04 20.16 42 30.24 16.8 10.08 168
31 - 40 0.42 4.305 0.525 0.21 0.63 2.52 5.25 3.78 2.1 1.26 21
41 - 50 0.18 1.845 0.225 0.09 0.27 1.08 2.25 1.62 0.9 0.54 9
51 and 0.04 0.41 0.05 0.02 0.06 0.24 0.5 0.36 0.2 0.12 2
above
Total 4 41 5 2 6 24 50 36 20 12 200
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3. Chi-Square Table
4.1.2
Ho1 Income of customers & price of Maruti Suzuki are correlated.
Ha1Income of customers & price of Maruti Suzuki are not correlated.
1. Observed frequency
Income Highly Satisfied Neutral Dissatisfied Total
Satisfied
up to 300000 22 44 17 4 87
3 lacs to 6 lacs 8 40 10 0 58
6 Lacs to 9 lacs 5 17 13 0 35
9 lacs and above 4 9 5 2 20
Total 39 110 45 6 200
2. Expected frequency
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3. Chi – square table
O E O-E (O-E)2 (O-E)2/2
Up to 3,00,000 Highly satisfied 22 16.96 5.04 25.4 1.4977
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4.1.3
1. Observed Frequency
Gender more comfortable less un- Total
comfortable comfortable comfortable
Male 26 85 20 4 135
Female 15 47 3 0 65
Total 41 132 23 4 200
2. Expected Frequency
Gender more comfortable less un- Total
comfortable comfortable comfortable
Male 27.675 89.1 15.525 2.7 135
Female 13.325 42.9 7.475 1.3 65
Total 41 132 23 4 200
3. Chi-square Table
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4. Degree of Freedom: (r-1) (c-1)
= (2-1) (4-1)
= (1) (3)
=3
Chi-Square Calculated Value is less than Chi-Square Critical Values, so Null Hypothesis is
failed to rejected that means males are more comfortable while driving.
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5. FINDING
5.1 To determine the factors which are influencing the choice for a Maruti cars.
The results of this study reveal that the customers are influenced by the factors
such as fuel, price and its efficiency and after buying company services.
It is understood in the survey that Maximum of the customers are satisfied with
the interior design and the factors related to the car such as petrol efficiency,
services factors
5.2 To research and study the satisfaction level of consumers for Maruti Suzuki
cars.
As per the survey we can say that maximum number of people is satisfied with
driving comfort, after sales service cost, price of spare parts, and price of Maruti
Suzuki cars.
Analysis of the consumer behavior which satisfies the most preferring term that is
pricing policy of the Maruti Suzuki which impacts the consumer mind, taste &
preferences
5.3 To know and find about consumer’s expectation from Maruti Suzuki cars.
As in the survey we can see the maximum respondents suggests that company should
change the design and quality of cars.
As per the survey consumer said that introduction of new model in premium segment
will improve sales of Maruti Suzuki.
As per the survey many consumer’s wants changes as adding new facility or improve
build quality.
The survey of the research reveals that the consumer mostly prefers small and sedan
cars brand of Suzuki such as swift, desire, alto, ignis, Celerio etc.
In the various factors we have find in the survey that the alternate option of car
buying that is Hyundai motors and tata motors as well as the toughest competitors in
the automobiles industries as per the survey.
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6. CONCLUSION
The research study on Maruti Suzuki was a great experience getting to know the consumer
satisfaction of Maruti Suzuki in Vadodara city on India’s largest automobile company. Every
small step is pre planned and with good team effort and guidance by higher authority the report
has been completed. The main purpose of this research was to know consumer satisfaction on
Maruti Suzuki cars because Maruti Suzuki is ruling brand of Indian automobile industry. The
research was done by conducting the survey sending the questionnaire to the consumer of
Maruti Suzuki in Vadodara city. Maruti Suzuki is the India’s largest automobile company.
To prepare the questionnaire was a quite difficult task for all of us we had to keep it accurate
to the content and to the objectives. All of our question were optional and put no pressure on
our respondents to fill the question up forcefully. We send questionnaire to 400 people in
which we get 238 responses and from 238 we take 200 responses for our survey. After having
the responses, we move towards the data analysis and interpretation after that we moved on to
hypothesis which was quite difficult for us but with the great team effort and with the help of
our guide the task was done. In our questionnaire we asked question regarding consumer
satisfaction of Maruti Suzuki about driving comfort, pricing, build quality, design, and we got
responses that maximum number of consumers are satisfied.
In the various factors of customer satisfaction concern we observed that the maximum of
customers is satisfied with Maruti Suzuki cars in Vadodara city, mostly the small cars such as
swift, alto, baleno etc. Apart from that every card has two side positive or negative in which
maximum of customers are satisfied with the design, pricing policy, build quality, mileage part
but rare customers want changes in premium segments such as sedan cars.
Company creates their awareness through innovative or strategies from the market since the
customer that are their respective already using their respective services are well satisfied with
each other at their performance.
The study reveals that Maruti Suzuki has proven that it is always ahead then its competitors
because of innovation and continuous upgradation. In the factors like Research & Development
activities as Maruti Suzuki believes that this activity will enable the company to offer superior
and environment friendly products to customer with complete satisfaction.
At the end of the study, we identify that the satisfaction of Maruti Suzuki consumers are on the
highly positive side and with good number of respondents. The research was great learning
experience for all of us where the practical work applied more while doing the research. Every
group member has given equal contribution in completing the project and this couldn’t have
been possible without our mentors.
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7. REFERENCES
8. Dr. Vishal S Rana – Associate professor & Head, M.B.A. department S.S.B.T. college
of engineering and technology (corresponding author) Dr. M.A. Lokhande – Professor,
department of commerce at Dr. Babasaheb Ambedkar Marathwada university.
International journal of science, spirituality, business and technology (IJSSBT) vol. 3
no. 2, June 2015 ISSN (print) 2277-7261
13. C.S. Gowtham Chakravarthy, Ankit Kumar Assistant Professor and Student of
department of management studies BIST, BIHER, Bharath University, Chennai.
14. Dr. Tapasya Julka, Assistant Professor, Department of Business Administration, S.S.
Jain Subodh P.G. College, Jaipur Ajaybir Singh Lamba, Research Scholar, School of
Business and Management, Jaipur National University, Jagatpura, Jaipur.
BOOK REFERENCE
The Maruti story – R.C. Bhargava with Seetha
WEBILOGRAPHY
https://timesofindia.indiatimes.com/business/india-business/maruti-suzuki-india-to-
hike-prices-from-january/articleshow/79649752.cms
https://www.hindustantimes.com/business-news/maruti-suzuki-wary-of-dip-in-sales-
after-festive-season/story-Hj1D1GKIuZaz61zvN0Q50I.html
67
8. QUESTIONNAIRE
We are the students Of Parul Institute of Business Administration, Parul University conducting
a research study on “consumer satisfaction of Maruti Suzuki in Vadodara city’’
so kindly give your valuable time for giving genuine response to the following questions. We
assure that your data won’t be leaked and it will be only among us students.
Personal information:
Name
Age: a) 20-30 b) 30-40
c) 40-50 d) 50-60
sex: a) male b) female
income: a) 10000-30000 b) 30000-60000
c) 70000-90000 d) 90000-120000
occupation:
3. Why you giving first preference to Maruti Suzuki while buying car ?
a) Good facility
b) Quality service
c) Price’
d) Good designing
e) Better mileage
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5. Which company is your second choice while buying car?
a) Ford
b) Hyundai
c) Tata
d) Volkswagen
e) Toyota
f) Mahindra
8. Are you satisfied about the price of Maruti Suzuki small car comparing with others?
a) Highly satisfied
b) Satisfied
c) Neutral
d) Dissatisfied
11. Which kind of changes are you expecting in the cars of Maruti Suzuki?
a) Increase mileage
b) Add new facilities
c) Reduce price
69
d) Changes in design
e) Improve build quality
12. Are you satisfied about the service cost of Maruti Suzuki car comparing with others?
a) Highly satisfied
b) Satisfied
c) Neutral
d) Dissatisfied
13. If Maruti Suzuki is planning to launch new car in hatchback segment which particular
price range you prefer?
a) 3 lacs – 4 lacs
b) 4 lacs – 5 lacs
c) 5 lacs – 6 lacs
d) 6 lacs – 7 lacs
14. Do you think the introduction of new model In premium segments will improve the
sale of Maruti Suzuki?
a) Yes
b) No
15. What is your opinion about spare parts in Maruti Suzuki cars?
a) High
b) Reasonable
c) Low
16. How do you feel when you drive yours Maruti Suzuki cars?
a) More comfortable
b) Comfortable
c) Less comfortable
d) Uncomfortable
18. Are you satisfied with the safety comfort of Maruti Suzuki?
a) Extremely satisfied
70
b) Satisfied
c) Neutral
d) Dissatisfied
71
72