Final Project Report
Final Project Report
ON
OF
SUBMITTED BY:
Arjun Singh
BBA, Semester VI
Batch 2017-2020
Table of Content
Student declaration
Acknowledgment
Executive Summary
List of Tables
List of Graphs
Chapter 1: Introduction
3.3.5 Limitations
ANNEXURES
BIBLIOGRAPHY
STUDENT DECLARATION
Arjun Singh
B.B.A.
ACKNOWLEDGMENT
I take the opportunity to utilize their resources to our computer Lab staff
and library staff for providing me opportunity to utilize their resources
for the completion of the project.
Arjun Singh
EXECUTIVE SUMMARY
Mahindra is best known for utility vehicles and tractors in India, Its
automotive division, the company’s oldest unit (founded in 1945),
makes jeeps and three-wheelers (not passenger “auto rickshaws.” But
utilitarian delivery and flatbed incarnations)
The survey involved gathering wide information about the company, its
products, customer satisfaction and impact of various competitive firms
on the company.
From the information collected, various aspects were identified where
the company needs to focus more to improve the efficiency of marketing
team of Mahindra Auto motives.
Mahindra and Mahindra Motors have a very good market share in the
state of J&K for the SUV segment. The company is offering good
services, which is reflected on the satisfaction of the customer. Majority
of the customer are satisfied with the design of the vehicle and company
is providing better facilities compared with other Global brands.
List of Tables
1 Own a vehicle
3 Fuel consumption
6 Maintenance
7 Awareness
8 Perception
9 More features
List of Graphs
1 Own a vehicle
3 Fuel Consumption
6 Maintenance
7 Awareness
8 Perception
9 More Features
Chapter 1
Introduction
INTRODUCTION
The automobile industry has changed the way people live and
work. The earliest of modern cars was manufactured in year 1895.
Shortly the first appearance of the car followed in India. As the century
turned, three cars were imported in Mumbai (India). Within decade
there were total of 1025 cars in the city.
The dawn of automobile actually goes back to 4000 years when the first
was used for transportation in India. In the beginning of 15th century,
Portuguese arrived in China and the interaction of the two cultures led
to a verity of new technologies, including the creation of a wheel that
turned its own power. By 1600s small steam-powered engine models
was developed, but it took another century before a full-size engine-
powered vehicle was created.
One of the highest-rated early luxury automobiles was the 1909 Rolls-
Royce Silver Ghost that featured a quiet 6-cylinder engine, leather
interior, folding windscreens and hood, and an aluminium body.
This was the Indian automobile history, and today modern cars are
generally light aerodynamically shaped, and compact.
The Indian auto industry became the 4th largest in the world with sales
increasing 9.5% year-on-year to 4.02 million units (excluding two
wheelers) in 2017. If you are looking for investment in the automobile
industry in India, know that the sector was the 7th largest manufacturer
of commercial vehicles in 2017. India holds a strong position in the
international heavy vehicles arena as it is the largest tractor
manufacturer, 2nd largest bus manufacturer and 3rd largest heavy
trucks manufacturer in the world.
With FDI policy for automobile sector allowing 100% FDI under the
automatic route, FDI equity inflows in Automobile industry amounted
to $17.9 billion FDI between April 2000 and September 2017;
contributing towards 5% of the total FDI inflows. FDI in automobile
industry will bring with it technological progress, which will directly
lead to economic development. Foreign direct investment in Indian
automobile industry will stimulate industrialization, leading to more job
opportunities.
Industry scenario
Two-Wheeler: 81%
Passenger Vehicles: 13%
Three-Wheeler: 3%
Commercial Vehicles: 3%
MAHINDRA BOLERO
Mahindra Bolero Price: Mahindra Bolero price starts at ₹ 7.49 Lakhs and
goes up to ₹ 9.35 Lakhs. The price of Diesel variant for Bolero ranges
between ₹ 7.49 Lakhs - ₹ 9.35 Lakhs.
MAHINDRA SCORPIO
MAHINDRA XUV300
MAHINDRA XUV500
MAHINDRA MARAZZO
MAHINDRA THAR
Mahindra Thar Price: Mahindra Thar price starts at ₹ 9.64 Lakhs and
goes up to ₹ 10.1 Lakhs. The price of Diesel variant for Thar ranges
between ₹ 9.64 Lakhs - ₹ 10.1 Lakhs.
MAHINDRA TUV300
MAHINDRA ALTURAS G4
MAHINDRA XYLO
Mahindra Xylo Price: Mahindra Xylo price starts at ₹ 9.58 Lakhs and
goes up to ₹ 12.13 Lakhs. The price of Diesel variant for Xylo ranges
between ₹ 9.58 Lakhs - ₹ 12.13 Lakhs.
Mahindra e2o PLUS Price: Mahindra e2o PLUS price starts at ₹ 7.48
Lakhs and goes up to ₹ 8.23 Lakhs. The price of Electric variant for e2o
PLUS ranges between ₹ 7.48 Lakhs - ₹ 8.23 Lakhs.
MAHINDRA VERITO
Mahindra Verito Price: Mahindra Verito price starts at ₹ 7.45 Lakhs and
goes up to ₹ 8.42 Lakhs. The price of Diesel variant for Verito ranges
between ₹ 7.45 Lakhs - ₹ 8.42 Lakhs.
MAHINDRA JEETO
The LCV is available in three trim levels based on load deck lengths – S
(1,630 mm), L (1,780 mm) and X (1930 mm). The vehicle is also offered in
two different power ratings (11 hp and 16 hp) and two payload ratings
(600 kg and 700 kg). These combinations will be available across a range
of 8 mini-trucks, namely S series (S6-11, S6-16), L series (L6-11, L6-16, L7-
11, L7-16) and X series (X7-11, X7-16).
The Mahindra Maxximo plus Mini Truck is powered by the fuel efficient
engine. It is equipped with Fuel Smart, a one-of-its-kind technology that
will help to meet your business demands more. The main features are
high on toughness with low on maintenance. The truck looks stylish
with an attractive front grille, two one interior, well designed dash
board, stylish electronic cluster, wrap around headlamps etc. It is
available in single variant and you can choose from attractive colors like
appy red and diamond white.
The Mahindra Maxximo plus Mini Truck powered by the 909cc engine.
The eco mode option in this truck ensures good mileage of 21.9kmpl on
ride. 72kmph is the attainable top speed of this vehicle. When you turn
to power mode the engine gives you entire 26 HP (19.2 kW) of power on
ride. The company also offers 2 years/60,000 km warranty.
Safety and Comfort Features
For your safety and comfort on ride it is equipped with long wheelbase
of 1950 mm, loading area of 35 sq.ft., Extra-cushioned seats, McPherson
Independent Suspension etc. The truck can carry payload capacity of 850
kgs. 85 cu. ft. (2.4 cu. mt.) cabin space is perfect for rest in long travels. It
also comes with features like mobile charger, foot rest pedal and cable
shift transmission etc. The Mahindra Maxximo plus Mini Truck is
perfect to ensure your safety with features like Frontal crash structure,
LSPV brakes with booster assist, thicker wheelbase rims, wider wind
shield etc.
Safety and Comfort Features: The newly launched school bus model
Mahindra Maxximo Mini Van meets all the Supreme Court’s guidelines
for safety of school children. Safe Eye digital solution in this van gives
features like location and speed tracking on GPS map and supported
through SMS alerts. It will be great help for the parents, principals and
bus operators. In case of any mishap it can send alerts also. The school
bus also features Horizontal Grills on Windows, Vertical Hold Bar, first
Aid Kit, Breaking Hammer, 2 Kg. Fire Extinguisher, emergency exit,
Monocoque Chassis, child lock, Frontal Crash Protection, Reliable LSPV
Brakes etc.
Mahindra has launched its new one tonne payload commercial vehicle
named as Supro Maxitruck at an affordable cost of Rs.4.25 lakh which
follows BS-III emission standard like the van. This new truck comes in
three variants T2, T4 and T6. It could be able to deliver 22.4 kmpl. The
Supro Maxitruck is well equipped with front collision impact absorbing
structure, AC, power steering, dual LSPV brakes, mobile charger and
floor console with bottle holders. Talking about the engine specification,
the truck gets a powerful Direct Injection turbo diesel engine churning
out the power of 45hp with the top speed of 95kmph. It will give tough
competition to its similar other trucks such as Tata Ace Zip and Ace HT.
Engine & Gearbox: The engine powering the new Supro is a 909cc, DI
diesel engine from Mahindra. It produces a max of 45 HP @ 3750 rpm
and 98 NM @ 1600-3000 rpm. The gearbox being used is a 5-speed
manual unit. The van gets a kerb weight of 1210 kg and comes with a 33
liters fuel tank. The engine sound small for an 8 seater but performs
good as compared to the paper values.
Suspension & Brakes: The front uses McPherson Strut with Coil Spring
as its suspension whereas the duties on the rear are performance by Leaf
Spring suspension. The front gets disc brakes whereas the rear is drum
brakes for the Supro. The tire size is 155/80R13 for all the wheels.
Comfort & Safety: Supro gets a very comfortable ride experience with
its air conditioned cabin. The steering wheel is power assisted and it
even gets a mobile charging provision at the front. The seats are
spacious and Supro even gets quite a good boot space for luggage at the
back. It comes with an interior room lamp and gets seat belts for every
passenger in the car. Its chassis has been strengthened for impacts and
gets a good amount of ground clearance also.
Variants & Shades: Supro is offered in LX, VX and ZX variants, with the
top spec trim loaded with all the excitement. It comes in three shades
namely Deep Warm blue, Metallic Grey and Diamond White.
Mahindra’s new pick-up shares some of its design cues with the Quanto
and Xylo facelifts, and looks rugged and aggressive than its replacement
– i.e. the Genio. Powering the Imperio is a 75bhp, 2.5-litre mDI CRDe
diesel engine that is coupled to a 5-speed manual gearbox and 2WD
(two-wheel drive) system. It is claimed to return a class-leading fuel
efficiency of 13.55kmpl. It has an electronic speed limit of 120kmph.
Positioned above the Mahindra Bolero pickup, the Mahindra Imperio
rivals the Isuzu D-Max and Tata Xenon.
AWARDS IN 2019
AWARDS IN 2018
1. Mahindra e20NXT
2. TUV300 Plus Facelift
3. New Scorpio
4. New XUV500
5. New TUV300
6. Mahindra eKUV100
7. New Thar
8. Mahindra S204
9. Mahindra eXUV300
Major Players
yers in Indian Automotive Indus
Industry
PRODUCT PROFILE
MAHINDRA “SCORPIO”
MAHINDRA “BOLERO”
MAHINDRA “THAR”
MAHINDRA “XUV300”
MAHINDRA “XUV500”
MAHINDRA “TUV300”
MAHINDRA “TUV300 PLUS”
MAHINDRA “MARAZZO”
MAHINDRA “VERITO”
MAHINDRA IMPERIO
MAHINDRA JEETO
Our Distinction
This is one of the largest dealers for Mahindra & Mahindra Automotives
in the Jammu & Kashmir region.
Astro India Automobile Pvt. Ltd. Was started in August, 2013. We are
the authorized dealer of Mahindra and Mahindra Automobiles (Personal
and Commercial)
Partners in Progress:
Commanding Presence:
Space Friendly:
The interiors are aimed at making you feel completely at ease, in luxury.
Because for us the customer is king, one who deserves a regal offering.
The setting is apt fro times when you need to switch into a relaxed state
of mind.
Attention to details:
Our sales team gives utmost priority to your satisfaction. When you
need help to make the right choice, it is ensured that the result is beyond
your expectations, thus making as a point that you get the best in both
luxury and comfort always.
Commitment
Leadership
Any an eye for appropriate technology.
Since 1945, when M&M first began manufacturing MUVs & LCVs,
M&M have been engaged in a single-minded endeavor to bring you cars
that only state-of-the-art, but are also some of the most environment-
friendly vehicles in this world a reflection of our commitment and care,
for better environment. At the heart of every M&M is a unique
engineering and an optional mix of power and economy. All this is
supported by M&M nation-wide dealership network and automated
workshop that provide excellent after sale service.
Promotional Activities:
Test Driving
Free Driving
Hoarding
Discounts
Advertisement in Newspaper and magazines
Gift Schemes
Free Services
Mileage contents
Events
Exchange facility for old vehicles
Service Offered:
Working hours in Astro India Automobile are 8 hours per day starting
9:00 am to 5:00 pm with one- hour break for lunch and also time for
evening tea and coffee.
Product available at Astro India Automobiles:
MAHINDRA “BOLERO”
MAHINDRA “TUV300”
STRENGTH:
Market leader in multiple automotive segments:
Mahindra & Mahindra has leading market share in a tractor as
well as in the utility vehicles segment. Also, the company has
strong market share in the commercial vehicle as well as passenger
vehicle segment. Strong market share provides a competitive
advantage to the company and allows the company to focus on
innovation.
Strong Research & Development (R&D):
M&M has a highly focused R&D department constantly focusing
on developing new products and technologies. M&M majorly
focuses on Value addition and Value engineering (VAVE)
approach, designing modularity, use of alternate materials etc.
Excellent products according to Indian road conditions:
Mahindra & Mahindra’s SUVs are suited perfectly to Indian road
conditions especially, Mahindra Scorpio which has been an
outstanding performer for many years.
Low after sale cost:
M&M has a competitive advantage on after sale cost since it is
lower than the industry average and also have high availability of
spare parts to different parts of the country.
WEAKNESSES:
Geographic dependence:
M&M is depended for the majority of its revenue (over 60%) from
India, which would affect its business in case of any economic
slowdown or high inflation.
Overdependence on Automotive industry:
M&M’s major part of revenues come from its automotive business
which makes it vulnerable to any breakthrough in the industry or
slowdown in the market.
Product Recalls affects brand image:
M&M has had to recall many of its products in the recent past. For
instance, In February 2015, M&M recalled XUV500 manufactured
before July 2014. Such incidents affect the brand image of the
company and consequently affect sales.
OPPORTUNITIES:
Growth in Indian automotive industry:
The Indian automotive industry is growing year on year with over
12% growth from the previous 3 years. The industry is expected to
grow at a CAGR of 13% in the next 4 years. This growth can be
beneficial for M&M.
Increasing Demand for Hybrid Electric Vehicles:
There is an increasing demand for Hybrid Electric Vehicles (HEVs)
around the world. The demand for HEVs is expected to grow at a
CAGR of 19% in the next 3 years. M&M has a strong portfolio of
HCVs and is set to be benefited by the growing demand.
Emerging nations:
M&M should look forward to tapping the emerging nations
around the world which have high potential. M&M should build
over its global footprint to tap the emerging markets.
THREAT:
Competition in the automotive industry:
M&M faces intense competition from various automotive
companies such as Tata Motors, Ford, Volvo and General Motors
etc. This can affect M&M’s market share and put pressure to
constantly innovate on M&M.
Competition in other businesses put pressure on M&M:
Mahindra group faces strong competition in other businesses as
well. For example, its IT business faces competition from IT giants
such as Infosys. This reduces market share and increases
competitive pressure.
Stringent Regulations:
M&M is subject to strict regulations by the government and
environmental agencies in terms of emission levels, noise levels
etc. Such regulations keep changing and thus increase compliance
costs for the companies.
Chapter 2
Literature Review
2.1 About the Topic
1. Customer-journey consistency
2. Emotional consistency
3. Communication consistency
Second, fix areas where negative experiences are common. Because a single
negative experience has four to five times greater relative impact than
positive one, companies should focus on reducing poor customer
experiences, especially in those areas in which customers come into
contact with the organization most often. For instance, training
frontline service representatives to identify and address specific
customer issues through role playing and script guidelines will go a
long way toward engendering deeper customer trust.
Finally, do it now. Our research indicates that since 2009-10, customers
are valuing an “average” experience less and have even less patience
for variability in delivery. In addition, companies that experiences
inconsistency challenges often expend unnecessary resources without
actually improving the customer journey. Making additional
investments to improve the customer experience without tightening
the consistency of experiences is just throwing good money after bad.
Balakrishnan Menon, Jagathy Raj V.P., study findings shows that due to
price difference in gasoline and Diesel, about one third of the car owners
were having diesel vehicles. The research results showed that about one
seventh of car for the city drive for family usage, while using the second
car for office and business usage. Foreign brand cars show clear
preference in the Kerala car market. Also it was observed that in the
information gathering and consumer purchase initiation stage, TV
commercials on the car models and brands, search on internet website of
the manufacturer and visit to dealers/distributors were the prime
sources where customers gathers information on car models.
Wenjing Shang and Neal H. Hooker (2006) in their working paper use
survey data to determine consumer preferences among a set of four
alternative food labels which report such plant level performance sores.
The authors study the product label reports of food producers’ hygiene
performance and explore consumer preferences for the ‘right’ amount of
information and how to present this information. The authors carried
out the study to verify the following hypotheses:
The survey was carried out through mail, Jessica Salver (2009) in her
book traces out the link between the brand name and consumer loyalty.
The major objective of this works is to examine the concept of brand
management, to adapt and apply it to hotel services, since, the author
argues, customer loyalty is a hot topic in today’s ultra competitive
business environment. The second objective of this study is to determine
the connection between these two concepts and to investigate the
beneficial effects of branding hotel services for the process of
establishing loyalty. The author cites that the original idea of using
marks to indicate ownership and origin can be traced back even for
millennia Greek and Rome and early Chinese dynasties. More and more
business has come to realize the power and important of brands and the
concept of brand management has consequently interest in recent years.
The author further advocates that the hotel industry --- along with many
other services – is lagging behind manufactured goods by decades and
nonetheless, there are great potential for brand management in the
service industry in general and the hotel industry in particular. As the
hotel industry differ from physical goods in many ways, it is vital to
examine the concept of brand management – to adapt and apply to hotel
industries. The author further argues that as competition keeps
intensifying at steady pace, resulting in a surplus of capacities, the
importance of making guests return becomes a critical issue; it is said
that brands provide the opportunity to encourage the creation of loyalty
among consumers.
Chapter 3
Research Methodology
A research process consists of stages or steps that guide the project from
its conception through the final analysis, recommendations and ultimate
actions. The research process provides a systematic, planned approach
to the research project and ensures that all aspects of the research project
are consistent with each other.
INTRODUCTION
RESEARCH PROCESS
The research process has four distinct yet interrelated steps for research
analysis. It has logical and hierarchical ordering:
EXPLORATORY RESEARCH
Primary Data
Secondary Data
Primary Data
Secondary Data
Information that already exists somewhere, having been collected
for another purpose. Sources include census reports, trade
publications, and subscription services. There are two types of
secondary date: internal and external secondary data. Information
complied inside or outside the organization for some purpose
other than the current investigation Researching information,
which has already been published? Market information compiled
for purposes other than the current research effort; it can be
internal data, such as existing sales-tracking information, or it can
be research conducted by someone else, such as a market research
company or the U.S. government.
Secondary source of data used consists of books and websites
DESCRIPTIVE RESEARCH
DATA COLLECTION
Data collection took place with the help of filling of questionnaires. The
questionnaire method has come to the more widely used and
economical means of data collection. The common factor in all varieties
of the questionnaire method is this reliance on verbal responses to
questions, written or oral. I found it essential to make sure the
questionnaire was easy to read and understand to all spectrums of in the
sample. It was also important as researcher to respect the samples time
energy hence the questionnaire was designed in such a way, that its
administration would not exceed 4-5 mins. These questionnaires were
personally administered.
The firsthand information was collected by making the people fill the
questionnaires. The primary data collected by directly interacting with
people. The respondents were contacted by Telephone and at the
showrooms of the consumer durable products etc. The data was
collected by interacting with 150 respondents who filled the
questionnaires and gave me the required necessary information. The
respondents consisted of housewives, students, businessmen,
professionals etc. the required information was collected by directly
interacting with these respondents.
Interviewer error
There is interviewer’s views bias in the questionnaire method.
Open-ended questions can be biased by the interviewer’s views or
probing, as interviewers are guiding the respondent while the
questionnaire is being filled out. The attitudes the interviewer
revels to the respondent during the interview can greatly affect
their level of interest and willingness to answer openly. As
interviewers, probing and clarifications maximize respondent
understanding and yield complete answers, these advantages are
offset by the problems of prestige seeking, social desirability and
courtesy biases.
Questionnaire error
The questionnaire designing has to careful so that only required
data is concisely reveled and there is no redundant data generated.
The questions have to be worded carefully so that the questions are
not loaded and does not lead to a bias in the respondents mind.
Respondent error
The respondents selected to be interviewed were not always and
willing to co-operate also in most cases the respondent were found
to not have the knowledge, opinion, attitudes or facts required
additionally uniformed response errors and response styles also led
to survey error.
Sampling error
We have taken the sample size of 150, which cannot determine the
buying behavior of the total population. The sample has been
drawn from only one State.
Chapter 4
Interpretation
1) Do you own a Mahindra & Mahindra vehicle?
Yes No
78% 22%
Table no. 1
Graph: 1
22%
NO
Yes
78%
Interpretation 1:
The sample drawn on probability basis shows that 78% of the
consumers owned a Mahindra & Mahindra whereas 22% didn’t
owned.
Observation:
Most of the respondent approached owned a Mahindra &
Mahindra vehicle.
2) Factors affecting customer satisfaction towards Mahindra &
Mahindra
Table No: 2
Graph: 2
No. Of Respondent
18 Features
30
Low Maintenance
Comfort
24 51
Style
27 After Sale Service
Percentage
7%
Extremely Satisfied
17% 27%
Satisfied
Neutral
49% Dissatisfied
Factor Percentage
Extremely Satisfied 23%
Satisfied 47%
Neither Satisfied 20%
Dissatisfied 10%
Total 100%
Table No: 4
Graph: 4
Opinion
10%
Extremely Satisfied
23%
20% Satisfied
Neither Satisfied
47% Dissatisfied
Factor Percentage
Extremely Satisfied 20%
Satisfied 43%
Neutral 27%
Dissatisfied 10%
Total 100%
Table No: 5
Graph: 5
Opinion
10%
Extremely Satisfied
20%
Satisfied
27%
Neutral
43%
Dissatisfied
Factor Percentage
23%
Satisfied 51%
Neutral 21%
Dissatisfied 5%
Total 100
Table No: 6
Graph: 6
Satisfaction Level
5%
Extremely
Satisfied
23%
21% Satisfied
Neutral
51% Dissatisfied
Graph: 7
No. Of Respondents
20%
Aware
Unaware
80%
Graph: 8
Opinion
0%
12%
20%
Very Good
Good
21%
Average
Bad
Very Bad
47%
% Of Respondents
20%
Yes
No
80%
Findings, Recommendations
And Conclusion
Findings
Most of the people are satisfied with its low maintenance cost and
after sales service provided by Mahindra & Mahindra.
Large numbers of users are aware of its many Features like power
steering.
Though best effort have been made to make the study fair transparent
and error free yet might be some inevitable and limitations. Although
outright measures area undertaken to the report most accurate some
inadvertent errors might have crept in and suggestions to improve or
eliminate the same are most welcome.
The project is valid for the predefined area of work i.e. Jammu.
Consumers are satisfied with its low maintenance cost and after
sales service provided by company so they should follow it in
other parts of country as well.
Questionnaire
Customer profile
a) Name b) Occupation
b) Age d) Income
e) Address:-
Yes No
Comfort Style
Neutral Dissatisfied
Neutral Dissatisfied
Neutral Dissatisfied
Neutral Dissatisfied
Aware Unaware
Yes No
BIBLIGORAPHY
Books:
MAGAZINES:
OUTLOO BUSINESS
FORBES INDIA
BUSINESS TODAY
BUSINESS India
ISB Insight
AUTO CAR
TOP GEAR
INTERNET:
www.businessworld.com
www.autoworld.com
www.topgear.com
www.mahindra.com (official website of M&M)
www.carwale.com
https://trucks.cardekho.com
www.wikipedia.org