Brand Perception of Honda Products
Brand Perception of Honda Products
Brand Perception of Honda Products
INTRODUCTION
To introduce new brand into the market to retain their old customers and also
to attract new customers from the other brand .
The competition is not only in the company level, it also prevails among the
various dealers in the particular city to achieve their sales target.
The two-wheeler industry in India has been in existence since 1955. It consists of
three segments
*Scooters
*Motorcycles
*Mopeds
The increase in sales volume of this industry is proof of its high growth. In 1971, sales
were around 0.1 million units per annum. But by 1998, this figure had risen to 3
million units per annum. Thus the Industrial Policy in India moved from a position of
regulation and tight control in the sixties and seventies, to a more liberalized one in
the eighties and nineties. The two-wheeler industry in India has to a great extent been
shaped by the evolution of the industrial policy of the country. Regulatory policies
like FERA and MRTP caused the growth of some segments in the industry like
motorcycles to stagnate.
These were later able to grow (both in terms of overall sales volumes and
number of players) once foreign investments were allowed in 1981. The reforms in
the eighties like broad banding caused the entry of several new firms and products
which caused the existing technologically outdated products to lose sales volume
and/or exit the market. Finally, with liberalization in the nineties, the industry
witnessed a proliferation in brands.
Also increased from about 0.2 million units of annual capacity in the seventies
to more than 4 million units in the late nineties.The two-wheeler industry in India
began operations within the framework of the national industrial policy as espoused
by the Industrial Policy Resolution of 1956. This resolution divided the entire
industrial sector into three groups, of which one contained industries whose
development was the exclusive responsibility of the State, another included those
industries in which both the State and the private sector could participate and the last
set of industries that could be developed exclusively under private initiative within the
guidelines and objectives laid out by the Five Year Plans.
vamos and acty. Automobiles are produced by Honda at two sites in Japan: the
saitama factory and the suzuka factory.
The companys major production sites overseas include those located in Ohio,
Alabama and Indiana in the United States; Ontario in Canada; swindon in the united
kingdom; Ayutthaya in Thailand; Uttar Pradesh in India, and Sao Paulo in brazil.
Yachiyo industry co., ltd., one of the companys consolidated subsidiaries, assembles
mini cars for the Japanese domestic market. Hondas unit sales of automobiles totaled
3,392 thousand units during fiscal 2010.
Financial Services Business:
Honda offers a variety of financial services to its customers and dealers through
finance subsidiaries in countries, including Japan, the United States, Canada, the
United Kingdom, Germany, Brazil and Thailand, with the aim of providing sales
support for its products. The services of these subsidiaries include retail lending,
leasing to customers and other financial services, such as wholesale financing to
dealers.
Honda Motorcycle & Scooter India:
Honda motorcycle & scooter India Pvt. Ltd. (HMSI), the fully owned subsidiary of
Honda Motor Company Of Japan. Honda Company came to the Indian shores in 2004
with the launch of the sleek Honda unicorn. Honda followed up its success with
motorbikes by groundbreaking scooters like the Honda Activa, which has owners all
over the country beaming with pride and pleasure.
Honda bikes India, in order to differentiate them from hero Honda products are going
high on innovative technology. Honda bikes and Honda scooters today are sure to
provide you with something different from the average two-wheeler on the road.
Honda bikes needs to do that to compete against its own collaboration, hero Honda,
and build its separate market share. So right now, Honda consumers have everything
going for them.
Hondas bikes in India have fuel injection technology which is designed to realize
ideal combustion, which results in delivering maximum power output, greatly
improved fuel efficiency and yet be environment-friendly. Honda bikes India have
been well received in the market and have created new benchmarks in their respective
categories.
SHOWROOM PROFILE
Founder
cum
Managing
Director
of
Triumph
Honda
is
S.E.PALANIVELU.
CEO is Mrs.Abirami.
Mr. Deepak is the sales manager.
Mr.Shanmugam is the service manager.
Employees:
In the beginning there were only five (5) salesmen and fourteen (14) servicemen. But
at present it is raised to twenty five (25) salesmen and seventy five (75) servicemen.
Branches:
1. Triummph Honda, Hasthampatti, Salem.
2. Honda authorized service centre, Ammapet.
3. KMP Honda [sub-dealer], Omalur.
4. KLM Honda [sub-dealer], Attur.
Previous Business:
True Sai works.
True Sai I.T.I.
Salem Fuel.
Thrive Cars.
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CHAPTER II
Brand is the perception that consumer have in mind. It is also the unique
characteristics that have been developed all the time in order to differentiate actual
product from the competitors. (Hu-huies liao,1990) In addition, the American
association defines a brand as a name, term, sing, symbol or design, or a combination
of them intended to identify the goods or service of one seller or group of sellers and
to differentiate them from those of competitors.
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BRAND PERCEPTION
Brand Perception is consumers ability to identify the brand under different
conditions s reflected by their brand recognition or recall performance. Brand recall
refers to consumers ability to retrieve the brand from the memory. Brand Perception
also can be said to be the clear cut idea that a customer posses of the product.
BRAND EQUITY
Brand equity is the added value endowed to products and services. Brand
equity is defined as a set of brand assets and liability linked to brand that adds or
detracts the product or services value based on the customer perspectives. This value
may be reflected in hoe consumers think, feel and act with respect to the brand
consumers ha perceived from marketing programs.
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CHAPTER III
RESEARCH METHODOLOGY
13
Primary Data
Primary data is the first hand information obtained form the customer directly by
means of a customer survey conducted with the help of questioner.
Secondary Data
Source of data collection like journals, magazines are used to get data needed. The
company data was provided form the main office and other related websites.
14
----------------------------- * 100
Total No. of Respondents
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Charts:
Charts are the graphical representation of data. It is mainly to give a clear picture of
the collected data. Charts help to communicate the data easily to the viewer without
consuming much time. It is done with more care and well planned before representing
the data in a pictorial form.
Report presentation:
Analysis and evaluation of data transform the raw data collected during the field
survey into management information. This has communicated in attractive and
effective information. Report is planned and also relevant to the information needed.
It is clearly represented, effectively illustrated with tables, diagrams etc. printing and
binding is done with special care.
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All customers are not aware of all products of Honda, so the findings cannot
be generalized to all the products.
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CHAPTER IV
TABLE 4.1
HONDA BIKES HAVE
S.NO
PARTICULARS
NO OF
PERCENTAGE
RESPONDENTS
1
Activa
17
34
CBR
Unicorn
15
30
Shine
12
24
Other
TOTAL
50
100
INTERPRETATION:
34% of the respondents have active and 30% of the Respondents have
unicorn.
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CHART 4.1
19
TABLE 4.2
S.NO
PARTICULARS
NO OF
PERCENTAGE
RESPONDENTS
1
0-1year
22
44
2-3 years
13
26
4-5 years
11
22
6 above
TOTAL
50
100
INTERPRETATION:
44% of the respondents bought a bike 0-1 year and 26% of the
respondents bought a bike.
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CHART 4.2
21
TABLE 4.3
S.NO
PARTICULARS
NO OF
PERCENTAGE
RESPONDENTS
1
Excellent
42
84
Good
16
Fair
Poor
TOTAL
50
100
INTERPRETATION:
22
CHART 4.3
23
TABLE 4.4
S.NO
PARTICULARS
NO OF
PERCENTAGE
RESPONDENTS
1
Quality
32
64
Price
Product variety
Service
10
20
TOTAL
50
INTERPRETATION:
24
CHART 4.4
25
TABLE 4.5
S.NO
PARTICULARS
NO OF
PERCENTAGE
RESPONDENTS
1
Yes
50
100
No
TOTAL
50
100
INTERPRETATION:
26
CHART 4.5
27
TABLE 4.6
S.NO
PARTICULARS
NO OF
PERCENTAGE
RESPONDENTS
1
Broadcast media
28
56
print media
12
24
Web sites
Friends
16
TOTAL
50
100
INTERPRETATION:
28
CHART 4.6
29
TABLE 4.7
S.NO
PARTICULARS
NO OF
PERCENTAGE
RESPONDENTS
1
Yes
38
76
No
12
24
TOTAL
50
100
INTERPRETATION:
30
CHART 4.7
31
TABLE 4.8
S.NO
PARTICULARS
NO OF
PERCENTAGE
RESPONDENTS
1
Price
16
Brand name
21
42
Engine CC
10
Mileage
16
32
TOTAL
50
100
INTERPRETATION:
In above table 42% of the respondents brand name has influence select
Honda and 32 % of the respondents mileage.
32
CHART 4.8
33
TABLE 4.9
S.NO
PARTICULARS
NO OF
PERCENTAGE
RESPONDENTS
1
Highly satisfied
46
92
satisfied
dissatisfied
TOTAL
50
100
INTERPRETATION:
34
CHART 4.9
35
TABLE 4.10
S.NO
PARTICULARS
NO OF
PERCENTAGE
RESPONDENTS
1
Quality
34
68
Price
12
Modules
16
Others
TOTAL
50
100
INTERPRETATION:
36
CHART 4.10
37
TABLE 4.11
S.NO
PARTICULARS
NO OF
PERCENTAGE
RESPONDENTS
1
Very satisfactory
47
94
Average
Unsatisfactory
TOTAL
50
100
INTERPRETATION:
38
CHART 4.11
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TABLE 4.12
S.NO
PARTICULARS
NO OF
PERCENTAGE
RESPONDENTS
1
Full Cash
17
34
Loan
33
66
TOTAL
50
100
INTERPRETATION:
In above table 66% of the respondents are purchasing Honda bike by loan
and 33% of the respondents are purchasing Honda bike by full cash.
40
CHART 4.12
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TABLE 4.13
S.NO
PARTICULARS
NO OF
PERCENTAGE
RESPONDENTS
1
Style
21
42
Mileage
14
28
Performance
13
26
Price
TOTAL
50
100
INTERPRETATION:
In above table there are 42% of the respondents style is attributes and
28% of the respondents mileage is attributes.
42
CHART 4.13
43
TABLE 4.14
S.NO
PARTICULARS
NO OF
PERCENTAGE
RESPONDENTS
1
Excellent
27
54
Good
12
24
Satisfactory
11
22
Poor
TOTAL
50
100
INTERPRETATION:
44
CHART 4.14
45
TABLE 4.15
S.NO
PARTICULARS
NO OF
PERCENTAGE
RESPONDENTS
1
Easily available
36
72
Hardly available
14
28
Not available
TOTAL
50
100
INTERPRETATION:
46
CHART 4.15
47
TABLE 4.16
S.NO
PARTICULARS
NO OF
PERCENTAGE
RESPONDENTS
1
Service centre
14
28
Authorized Dealer
28
56
Local Mechanic
12
24
TOTAL
50
100
INTERPRETATION:
48
CHART 4.16
49
TABLE 4.17
S.NO
PARTICULARS
NO OF
PERCENTAGE
RESPONDENTS
1
Yes
50
100
No
TOTAL
50
100
INTERPRETATION:
50
CHART 4.17
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TABLE 4.18
S.NO
PARTICULARS
NO OF
PERCENTAGE
RESPONDENTS
1
highly Satisfied
29
58
Satisfied
21
42
Dissatisfied
TOTAL
50
100
INTERPRETATION:
In above table 58% of the respondents highly satisfied with the after
sales service and 42% of the respondents satisfied with the after sales service of
honda.
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CHART 4.18
53
TABLE 4.19
S.NO
PARTICULARS
NO OF
PERCENTAGE
RESPONDENTS
1
Yes
50
100
No
TOTAL
50
100
INTERPRETATION:
In above table there are 100% of the respondents Suggest Honda bikes to
others
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CHART 4.19
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CHI-SQUARE TEST
Hypothesis :
Frequencies
Performance
Observed N
Expected N
Residual
46
25.0
21.0
25.0
-21.0
Total
50
Satisfied
Observed N
Expected N
Residual
29
25.0
4.0
21
25.0
-4.0
Total
50
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Test Statistics
performance
Chi-Square
Df
Asymp. Sig.
satisfied
35.280a
1.280 a
14
14
.000
.258
a. 0 cells (.0%) have expected frequencies less than 5. The minimum expected cell frequency is 25.0.
Since calculated value greater than tabled value, so we reject null hypothesis. So,
there is some significance difference between performance and satisfied
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CHAPTER V
5.1 FINDINGS
34% of the respondents have activa and 30% of the respondents have unicorn.
44% of the respondents bought a bike 0-1 year.
84% of the respondents gave excellent perception of Honda bikes.
100% of respondents gone test drive.
56% of the respondents known the Honda by broadcast media
58% of the respondents highly satisfied with the after sales service.
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5.2 SUESSTIONS
Quality is more important factor that customer expect from Honda
bikes so quality should be maintained for all bikes.
The after sales service has to be improved.
The awareness of the new products should be reached to the customers
through effective advertisement.
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5.3 CONCLUSION
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ANNEXURE
Name
Age
: Below 30
Gender
: Male
Occupation
31-40
41-50
Above 51
Female
: Agricultural
Business
Govt.Employee
Pvt.employee
others
200001-30000
30001-40000
above 40000
CBR
Unicorn
Shine
Other
2-3 years
4-5 years
6 above
Good
Fair
poor
Price
Product variety
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service
No
print media
Friends
No
If yes mention_______________________
8.
Brand name
Engine CC
Mileage
satisfied
dissatisfied
10. Which is the following according to you help to build a good brand perception
about the Honda?
Quality
Price
Modules
Others
11. If you had cause to complain, how was the situation resolved?
Very satisfactory
Average
Unsatisfactory
Loan
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13. Rank the attributes of HONDA bikes as per your preference, Rank 1 Most
attractive,
Style
Mileage
Performance
Price
Excellent
Good
Satisfactory
Poor
Easily available
Hardly available
Not available
Service centre
Authorized Dealer
Local Mechanic
Yes
No
18. Are you satisfied with the after sales service provided by Dealer?
Highly Satisfied
19.
Do
you
want
Satisfied
to
suggest
Dissatisfied
Honda
products
to
your
friends
relatives?
Yes
Please mention your suggestions
No
__________________________
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and
BIBLIOGRAPHY
BOOKS:
- Philip Kotler, Kevin Lane Keller, Abraham Koshy & Mithileshwar Jha
Marketing Management Published by Doring Kindersley (India) Pvt. Ltd.,
Delhi. 13th Edition.
V.S.Ramaswamy & S.Namakumari Marketing Management Published
by Rajiv Beri for Macmillan Publishers India Ltd, New Delhi. 4th Edition.
C.R.Kothari Research Methodology International (P) Ltd, New Delhi,
2nd Edition.
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