Maruti Suzuki
Maruti Suzuki
Maruti Suzuki
ON
DECLARATION
I hereby declare that the project work entitled MARUTI SUZUKI
SEGMENTATION AND SALES TREND is submitted to the Indraprastha
___________________
Place- Delhi
CERTIFICATE
This is to certify that I ANIRUDH SHARMA, Enrolment No.06490201812,
BBA(B&I) student of Sri Guru Tegh Bahadur Institute Of Management
And Information Technology has done project work on MARUTI SUZUKI
SEGMENTATION AND SALES TREND under the guidance of Ms. Manpreet
Kaur.
________________
Signature of Director
Dr. P.L. SETHI
________________
Signature of Incharge
Ms. BIPASHA CHAUDHARY
________________
Signature of the Guide
Ms. Manpreet Kaur
_______________
Place: Delhi
Date:
ACKNOWLEDGEMENT
With performed sense of gratitude and regard, I express my sincere thanks to
my guide and trainer Ms. Manpreet Kaur for her valuable guidance and the
confidence she inculcated in me, that helped me in the successful completion
of this project report. Without her help, this project report would have been a
distinct affair. Her thorough understanding of the subject and the
professional guidance provided me immense help. I am also thankful of our
teachers who cooperate with me and gave me their valuable time.
Place- Delhi
_______________
Signature of the Scholar
Name- ANIRUDH SHARMA
Enrolment No.: 06490201812
S.NO
TABLE OF CONTENT
TOPIC
PAGE NO.
1.
Introduction
1-11
2.
Objectives
12
3.
Research Methodology
13-19
4.
Company Profile
20-46
5.
Data Analysis
47-59
6.
Conclusion
60-62
7.
Recommendation
63-65
8.
Bibliography
66
9.
Annexure
67-68
Questionnaire
CHAPTER 1
INTRODUCTION
INTRODUCTION
The Indian Automobile Market is expected to grow at a CAGR of 9.5
percent amounting to Rs. 13,008 million by 2012. The Commercial Vehicle
Segment has been contributing to the automobile market to a great extent.
Many foreign companies have been investing in the Indian Automobile
Market in various ways such as technology transfers, joint ventures, strategic
alliances, exports, and financial collaborations. The auto market in India can
boast of attractive finance schemes, increasing purchasing power, and launch
of the latest products.
Total sales of major car manufacturers in India registered a figure of 0.674
million units at the end of March, 2011. The number of car exports in India
was 39,295 units. General Motors, Maruti, and Honda accounted for 60
percent of the market sales at the end of April, 2011. There has been an
increase in the purchase of motorcycles and cars both, in the rural as well as
urban areas.
Maruti Suzuki is Indias No. 1 customer satisfaction car company. Its sale is
more than 50% of care of Indian car market. But now it is getting a good
competition with other new car company and foreign companies and its
sales is going down because other car companies are trying to present
different types of new car in different segment. So in my study I tried to
study Maruti Suzuki segmentation of cars and its sales trend and its effect on
customer. This project is all about segmentation and sales trend study of
Maruti Suzuki. Through my study I am trying to analyze the customer
demand in different segments and advancement required in Marutis
segmentation. I am also analyzing Maruti Suzuki sales trend. I had visited
different dealers of Maruti Suzuki in delhi and asked some question and
based on that I am trying to analyze the data and sales trend of Maruti
Suzuki. I had also collected some secondary data of different study done on
Maruti Suzuki and based on that I am trying to present the sales trend
analysis of Maruti Suzuki.
The automobile as we know it was not invented in a single day by a single
inventor. The history of the automobile reflects an evolution that took place
worldwide. It is estimated that over 100,000 patents created the modern
automobile.
However, we can point to the many first that occurred along the way.
Starting with the first theoretical plans for a motor vehicle that had been
drawn up by both Leonardo da Vinci and Isaac Newton.
In 1769, the very first self-propelled road vehicle was a military tractor
invented by French engineer and mechanic, Nicolas joseph Cugnot (1725
1804). Cugnot used a steam engine to power his instructions at the paris
Arsenal by mechanic Brezin. It was used by the French Army to haul
artillery at a whopping speed of 2 mph on only three wheels. The vehicle
has to stop every ten to fifteen minutes to build up steam power. The steam
engine and boiler were separate form the rest of the vehicle and placed in the
front. The following year (1770), Cugnot built a steam-powered tricycle
carried four passengers.
In 1771, Cugnot drove one of his road vehicles into a stone wall, making
Cugnot the first person to get into a motor vehicle accident. This was the
beginning of bad luck for the inventor. After one of Cugnots patrons died
and the other was exiled, the money for Cugnots road vehicle experiments
ended
Steam engines powered cars by burning fuel that heated water in a boiler,
creating steam that expanded and pushed pistons that turned the crankshaft,
which then turned the wheels. During the early history of self-propelled
vehicles-both road and railroad vehicles were being developed with steam
engines. (Cugnot also designed two steam locomotives that they proved a
poor design road vehicles; however, steam engines were very successfully
used in locomotives. Historians, who accept that early steam-powered road
vehicles were automobiles, feel that Nicolas Cugnot was the inventor of
the first automobile.
Around 1900, electric land vehicles in America outsold all other type of cars.
Then in the several years following 1900, sales of electric vehicles took a
nosedive as new type of vehicle came to dominate the consumer market.
Udyog and Tata Motors are the leading passenger car manufacturers in the
country. And
India is considered as strategic market by Suzuki, Yamaha, etc. Commercial
Vehicle market is catered by players like Tata Motors, Ashok Leyland,
Volvo, Force Motors, Eicher Motors etc. The major players have not left any
stone unturned to be global. Major of the players have got into the merger
activities with their foreign counterparts. Like Maruti with Suzuki, Hero
with Honda, Tata with Fiat, Mahindra with Renault, Force Motors with
Mann.
Some of the early events and milestones in the car industry in India.
1928 The first imported car on the Indian roads.
1942 Hindustan Motors incorporated.
1944 Premier Automobiles started.
1948 First car manufactured in India.
1953 The Govt. of India decreed that only those firms which have a
manufacturing program should be allowed to operate.
1955 Only 7 firms HM, API, SMPL, PAL, M & M, and TELCO
received approval.
Key Facts about Indias automobile industry:
Production of four wheelers in India has increased from 9.3 lakh units in
2002-03 to 23 lakh units in 2007-08.
OBJECTIVES
The main objective of the study is to recognize the sales trend and
segmentation of Maruti Suzuki .
Special challenges that must be identified and addressed:
To know the segmentation and sales trend of Maruti Suzuki.
RESEARCH METHODOLOGY
This chapter describes the methodology of the study. This project is based on
information collected from primary sources. After the detailed study, an
attempt has been made to comprehensive analysis on MARUTI cars use by
the people. The data has been used to cover various aspects like usage,
consumer preference, satisfaction of customer regarding MARUTI. In
collecting requisite data and information regarding the topic elected we
went to the residents of people and collected the data.
RESEARCH DESIGN
For any researcher the research methodology is most important criteria to
decide before the actual research process starts.
There are many methods for conducting the research; some of them are as
under.
a) Descriptive and analytical
b) Applied and fundamental
c) Quantitative and qualitative
The design of a research is plan or a model that helps researcher to conduct a
formal investigation and survey. It is an application of methods and
procedures for acquiring the information needs for getting a desired
outcome.
It decides the source of data and methods for gathering data. A good design
ensures that the information obtained is relevant to the research question and
it was conducted by objectives since research design is simply the frame
work or plan for a study.
Out of these all research methods the research method, which was most
suitable for our report was DESCRIPTIVE RESEARCH METHOD because
it provides us all the aspects that we require to conduct the research and get
an appropriate outcome.
DATA COLLECTION
The data has been collected from the two sources.
Primary sources
Secondary sources
Primary data: the data which are collected for the first time, directly from
the residents to the base of knowledge and believe of the research, are called
the primary data.
The normal procedure is to interview some people individually or in group
to get a sense how people feel about the topic. So far as this research is
considered, primary data is the main source of information by the
respondents.
Secondary data: when the data is collected and compiled in the published
nature is called secondary data.
So far as this research is concerned internet, many brochures and
magazines have been referred too.
SAMPLE DESIGN
It is true that it is very difficult to do research with whole universe. So far
this purpose sample size is decided well in advanced and selection of the
sample also has to be specific so that it represents the whole universe.
Sample element: The members selected from the population for doing
the survey constitute the sampling element.
Sample Size: A sample of 100 customers was taken as a sample
element.
INSTRUMENTS
Taking into consideration research instruments is selected by us is
questionnaire because it gives more flexibility in terms of the data and has
been asked to the respondents personally and has an idea of getting an
important unknown data that can be collected through their behavior.
Mode of collection data: data collection mode is personal visit and fulfilling
up the questionnaire.
Schedule:
Questionnaire preparation
2 days
Data collection
7 days
Data analysis
3 days
12 day
DATA COLLECTION
The first and foremost step in the research process consists of problem
identification. One the problem is defined, the next is the research design
becomes easier. The research design is the basic framework, which provides
guideline for the rest of the research process. The research design specifies
the methods of data collection and analysis.
I.
Communication and observation are the two basic means used by me for
collecting
primary
data.
Communication
involves
questioning
the
Open-ended question:
The customers are asked to give suggestions to improve the service in
the form of open-ended question at the end of the questionnaire.
Collection of Secondary Data:
Internal and external secondary data is collected for the purpose of study.
Internal secondary data is collected within the company. This data includes
company records, previous research reports and other relevant information.
External secondary data is generated from outside. This data includes
publications, government records and Internet etc.
Sampling Procedure:
Sample Size
Sampling Procedure
100
Simple random sampling approach has been
adopted.
Mode of communication:
There are three different methods of communications used by me.
1.
Personal interview
2.
Telephone interview
3.
Mail interview
Among the three personal interview is the most versatile and flexible mode
of communication. So the personal interview was more frequently for the
study.
Statistical analysis:
Data analysis and interpretation are necessary ingredients to make the
primary data obtained useful for tacking effective strategic moves. The
primary data, which has been collected by survey using a structural
questionnaire, has been systematically organized, tabulated and edited, so as
to properly analyze and achieve the objectives.
CHAPTER 2
COMAPANY PROFILE
COMPANY PROFILE
NAME :
LOGO :
Type
Founded
Headquarters
Industry
Products
Employees
Website
the term "Maruti", in popular Indian culture, was associated to the Maruti
800 model.
Maruti Suzuki India Limited, a subsidiary of Suzuki Motor Corporation of
Japan, has been the leader of the Indian car market for over two decades.
Its manufacturing facilities are located at two facilities Gurgaon and
Manesar south of New Delhi. Marutis Gurgaon facility has an installed
capacity of 350,000 units per annum. The Manesar facilities, launched in
February 2007 comprise a vehicle assembly plant with a capacity of 100,000
units per year and a Diesel Engine plant with an annual capacity of 100,000
engines and transmissions.
Manesar and Gurgaon facilities have a combined capability to produce over
700,000 units annually. More than half the cars sold in India are Maruti cars.
The company is a subsidiary of Suzuki Motor Corporation, Japan, which
owns 54.2 per cent of Maruti. The rest is owned by the public and financial
institutions. It is listed on the Bombay Stock Exchange and National Stock
Exchange in India.
During 2007-08, Maruti Suzuki sold 764,842 cars, of which 53,024 were
exported. In all, over six million Maruti cars are on Indian roads since the
first car was rolled out on December 14, 1983.
Maruti Suzuki offers 10 models, ranging from the peoples car, Maruti 800,
for less than Rs 200,000 ($ 5000) ex-showroom to the premium sedan SX 4
and luxury SUV, Grand Vitara.
SERVICES OFFERED
The following products are offered by Maruti Suzuki:1.
Maruti 800: Launched 1983. Largest selling car in India, until 2004.
Cheapest car in India. 3 Face-Lifts.(P)
2.
3.
4.
5.
Maruti Alto: Launched 2000. Currently the largest selling car in India.
1 Face-Lift.({{Tooltip|P|Petrol
6.
7.
8.
9.
10.
11.
MARUTI 800:Maruti 800 is a city car manufactured by Maruti Udyog in India .It used to
be the largest selling car in India until the Maruti Alto recently took that title.
It is also exported to a number of countries in southeastern Asia including
Bangladesh and Sri Lanka, and to some South American markets (as Chile,
sold as Suzuki Maruti), and was available in selected European markets
between 1988 and 1992, sold as the Suzuki Maruti. In Morocco it is
MARUTI GYPSY
The Maruti Gypsy is a four wheel drive SUV
based
on
the
Suzuki
SJ
long
wheel
MARUTI ALTO
The Maruti Alto is a city car manufactured
by Maruti Udyog in India. It is the bestselling car in India.It is India's largest selling
car and has recently crossed the 1 million
production figure.It is exported to a number
of countries including Bangladesh and Sri Lanka, and to Chile. Alto has
crossed the 150,000 export target. The popularity of the Alto has increased
over the past few years, mainly due to the reduction in prices. This reduction
in prices has mainly come in due to the reduction in excise duty over time. It
has now become the first choice of young car buyers intending to upgrade
from a 2 wheeler. Some of its appeal is from stylish looks, attractive
features, and impressive fuel economy at very affordable prices compared to
the other cars in the Indian market.
MARUTI VERSA
The Maruti Versa is a micro van produced by
Maruti Udyog Limited and sold in India since
October 2001. The Versa is a clone of the now
discontinued Suzuki Carry. It is the second van
released by Maruti Udyog since the Maruti
Omni was released in 1984. There are two basic versions of this car in
production; the two 8-seater DX/DX2 versions, and the 5-seater STD
version. The DX2 version of the Versa is equipped with twin air conditioners
for front and rear.
Maruti
Suzuki.
by
the
Japanese
ORGANISATIONAL STRUCTURE
Maruti has believed, since the very beginning that it is its employees who
could make it into an organization with a difference .Accordingly, as against
the traditional hierarchical
System of management, which causes unnecessary delays in decisionmaking, we have built up a flat organization with a family type of
atmosphere at our place of work.
The company is divided into different divisions according to the various
functional areas. A Divisional Manager heads each Division. Divisions are
further divided into Departments that are headed by Department Managers
who report to the respective Divisional Managers. Designations in the
company are based on the functional responsibility and not levels as in terms
of the companys philosophy designations and functional responsibility are
de-linked from the salary levels.
The total operations of the Company are divided into Divisions like
Marketing & Sales, Spares, Engineering, Q.A. & Services, Production,
Production Engineering, Materials, Information Services, Finance, Personnel
& Administration, etc. Each division is furthering divided into Departments
and headed by Departmental Managers who is assisted by Supervisory
Executives.
Production Engineering
Production Engineering Division
Production Service Division
Engineering Directorate
QAIN Division
Service Division
Service- 1-5
MSS(D)
Parts Inspection Division
Engineering Division
Supply Chain division
Supply Chain- 1,2,3 Division
Shipping & transport Department
Imports Department
Consumables Department
Information Technology Division
Application Group1 (AG1)
Finance Division
Budget, Cost & Accounts Department Income Accounting
The total project costs, priority, completion time and personnels required
were estimated. Initial plans were drawn up as to how the project would
proceed to its final implementation, while
running the
existing
system
SEGMENTATION :
CAR MARKET CLASSIFICATION
It is necessary to understand the Indian car market classification and the
segments in which MUL operates.
There are two principal systems of classification in the Indian passenger car
industry:
A. Price Based Classification
Price based classification is the widely accepted classification basis in the
Indian passenger car industry.
The different price segments used by Maruti were as follows:
1. Segment A cars priced lower than Rs. 300,000
2. Segment B cars priced between Rs. 300,000 and Rs. 500,000
3. Segment C cars priced between Rs. 500,000 and Rs. 1,000,000
4. Segment D cars priced between Rs. 1,000,000 and Rs. 2,500,000
1.
2.
Segment
as Segment
per
per
length-based
price-based
classification
classification
A4: Executive
A5: Premium
S Class
E
E
Fiat
A2: Compact
Fiat Siena
Fiat Uno
Palio
A3: Mid-size
A2: Compact
A3: Mid-size
C
B
C
Adventure
India Escort
Ikon
Mondeo
A3: Mid-size
A3: Mid-size
A5: Premium
C
C
D
Opel Astra
Opel Corsa
India
Opel Swing
A3: Mid-size
A3: Mid-size
A3: Mid-size
C
C
C
A3: Mid-size
A4: Executive
A3: Mid-size
B
C
C
A5: Premium
A3: Mid-size
D
C
A3: Mid-size
A2: Compact
A5: Premium
C
B
D
A3: Mid-size
Daimler
C Class
Automobiles
Pvt. Ltd.
3.
Ford
Ltd.
4.
General
Motors
5.
Ltd.
Hindustan
Motors
6.
7.
as
Honda
Ambassador
Contessa
Lancer
SIEL Accord
City
Cars India Ltd.
Hyundai
Accent
Santro
Motor
Sonata
Company Ltd.
Maruti Udyog Maruti 1000
Ltd.
8.
Segment
as Segment
as
per
per
length-based
price-based
classification
classification
Maruti 800
Maruti Swift
Alto
Baleno
Esteem
WagonR
Zen
Versa
A1: Mini
A2 : Mid size
A2: Compact
A3: Mid-size
A3: Mid-size
A2: Compact
A2: Compact
Utility
Omni
vehicles
Utility
A
B
B
9.
PAL-Peugeot
118NE
vehicles
A3: Mid-size
10.
Ltd.
Tata
Indica
A2: Compact
B
C
C
B
B
C
Engineering &
Locomotive
Company Ltd
SECTOR OUTLOOK
Between fiscal 2002 and fiscal 2007, the entire Indian passenger car
market had a growth of approximately 9.5%, largely as a result of increasing
demand for segment B cars .
Segment A
This is the entry-level and the most price sensitive segment. Maruti is
the sole manufacturer in this segment since fiscal 2000. Models like Maruti
800 are the ruler in this segment anybody who is economic wants to buy this
model so during the period of 2000-05 this was the hot selling product from
Maruti.
Segment B
This segment is shining with a growth of approximately 57.6% of the
Indian passenger car market. Due to the present low per capita income in
India, the price and cost of ownership of cars are significant factors that
affect demand for cars in this segment. Alto, Zen , Swift, Wagon-R , Gypsy
etc are the models that anyone can find them in any corner of this country.
This segment comprise of 69% from the whole sale of Maruti Suzuki. This
segment is always focused by Maruti and it is still improving this segment.
Segment C, D, and E
There are 11 manufacturers with approximately 20 models in these
segments. These segments typically have low sales volumes; therefore, high
growth rates of 11%, 19% and 35%, respectively . But in this segment
Maruti has lesser number of product. SX4, Dzire and Grand Vitara is the few
models in this segment. New model launches, growth in per capita income
levels, high aspirations and status associated with larger cars, are the key
factors affecting demand for cars in these segments. Maruti has to improve
this segment to fight with others.
THE PRE-OWNED CAR MARKET
The size of the pre-owned car market in India has been estimated to be more
then the size of the new car market. The A and B segments account for
between 70 and 80% of the total sales volumes in the pre-owned passenger
car market in India. The proportion of pre-owned cars from segment B is
increasing and is expected to form the largest portion of the pre owned
passenger car market. Mid-size and large cars are less popular in the preowned passenger car market.
market known as TRUE VALUE. Here the company sell all kind of cars
without altering their specification,
ITS
COMPITATORS
IN
DIFFERENT
SEGMENTS
Maruti Tata Hyundai Honda GM
A M-800 Indica ----Spark
Omni
B Gypsi
Zen
Indig Santro
Toyota Ford
-----
---
Aveo-uav ---
City
Aveo
Innova Fiesta
Somo Verna
Optra
Corolla Fusion
---
Travera
Captive
Ikon
Skoda
-----
Getz
Wagon
Alto
Swift
C Sx4
Dzire
D Vitra
E ---
Safari Accent
---
---
Civic
Sonata
Crv
Accord ---
Tucson
Altis
Prado
---
Fabia
Laura
Superb
This table shows that the Maruti Suzuki has larger number of variety in the
segment A&B so the sales must be good in this segments. But it is lacking
behind its competitors in segment C,D & E.
SWOT ANALYSIS OF MARUTI SUZUKI
STRENGHS
Bigger name in the market
Trust of People
Maruti Udyog Ltd. is the market leader for more than two decade.
Has a great dealership chain in the market.
Better after sales service
Low maintenance cost of vehicle
WEAKNESSES
Exports are not that good.
Lesser diesel models in the market compare to others
Global image is not that big
OPPORTUNITIES
Great opportunities to go global with success of Swift and SX4All
over
CHAPTER 3
DATA ANALYSIS
DATA COLLECTION:
DEALERS OF MARUTI SUZUKI
NAME OF THE DEALER
ADDRESS
B-80,
Naraina
Industrial
Estate,
D D Motors
D.D.Motors
5,
Wazirpur
Indl.
Area,
Near
485-A,
Jhilmil
Main
G.T.Road,
Dwarka, Delhi
YEARS OF SELLING
100%
80%
More
than 2 years
60%
% RESPONSE
65%
More then 530%
years
40%
5%
20%
0%
No of years
Q.1
From how many years you are selling Maruti Suzuki cars.
DATA TABLE
NO OF YEARS
More than 2 years
More than 5 years
% of Response.
65
30
69
80
% OF SALES
60
40
20
12
13
0
SEGMENTS
Q.2
DATA TABLE
DIFFERENT SEGMENTS
% OF SALES
A
12
B
69
C
13
D
5
E
1
DATA ANALYSIS
From the table we can conclude that % of sale of Segment is 12, segment B
is 69, segment C is 13 , Segment D is 5 and segment E is only 1 %.
DATA INTERPRETATION
Here we see that Maruti Suzuki is market leader in B-segment car , So the
models Like Wagon R, Alto, Zen Estilo, Swift are the hot selling product of
It. However, it is lacking in the segments like D and E. Cars like Dzire , SX4
38%
YES
Q3
NO
62%
DATA TABLE
PRICE SENSITIVITY
% OF RESPONSE
YES
62
NO
38
DATA ANALYSIS
The above data table shows that 62% of customers are price sensitive and
rest 38% are not price sensitive.
DATA INTERPRITATION:We can conclude that most of Marutis customer is price sensitive.
They buy its cars care fully in accordance of their budget. And they also like
some discount or festive offers. But the rest people are not price
sensitive.They buy the models like SX4, Dzire and grand Vitara , they buy
according their choice and specification.
COMPITATIVE ADVENTAGE
38
40
% OF LOYALITY price
30
35
22
quality
serv ice
20
others
10
0
FEATURES
Q.4
DATA TABLE
FEATURES
% OF LOYALITY
PRICE
38
QUALITY
22
SERVICE
35
OTHERS
05
DATA ANALYSIS
The above table shows that according to the dealers the 38 % of customers
are buying the Maruti Suzuki product for its price, 22 % buy them due to
their quality. 35% think that after sale service is beautifully provided by
Maruti . And 5% people buy them due to other reasons like style , look etc.
DATA INTERPRETATION:
We can conclude that most of the people think that Maruti Suzuki pricing are
economical so they are loyal to his brand. While other people give emphasis
to the after sale service . Quality and other features are also a trait for the
buyers.
19
version
petrol
disel
45
LPG
36
0
10
15
20
25
30
35
40
% of demand
Q.5
DATA TABLES
VERSION
% OF DEMAND
PETROL
36
DISEL
45
LPG
19
DATA ANALYSIS
From the above table we can conclude that according to the dealers 45 % of
the customer ask for the diesel variants while 36 support the petrol variants
and 19 % wants the LPG variants of different models.
DATA INTERPRETATION
The demand for the diesel variant is more for most of the models but the
firm has limited number of the models having diesel variants. The customers
are also looking for the gas models which will suitable for LPG and CNG.
So the firm should think for the diesel and gas variants.
45
Sales Positions
3%
32%
going up
going dow n
remnins constant
65%
Q
6.
DATA TABLE
SALES POSITIONS
GOING UP
GOING DOWN
REMAINS CONSTANT
% OF RESPONSE
65
32
3
DATA ANALYSIS
The above table shows that 65% of the dealers told that Maruti Suzukis
sales position is going up while 32% of the dealers said that it is going down
and 3% of dealers said that the sales position is remaining the same.
DATA INTERPRITATIONS
Here we can conclude that the sales position of Maruti Suzuki is going up
and up . So Maruti Suzuki should always maintain this. But the reason why
it is lacking behind than its competitors should be corrected. In this way
MSL can maintain its growth rate.
SALES TREND:
SALES TREND STUDY OF MARUTI SUZUKI
Since inception, Maruti Suzuki has produced and sold over 7 million
vehicles including 500,000 units in exports markets. The company sold a
record 764,842 vehicles in 2007-08 including 53,024 units of exports.
Maruti's revenue has grown consistently over the years. In 2006-07, it
recorded turnover of INR 145,922 million which rose to INR 178,603
million in 2007-08, displaying a growth of over 20% vis--vis the previous
year. At the end of fiscal 2007-08, it had a market share of over 50% of the
Indian passenger car market.
Maruti Suzuki has been aggressively cutting prices of its models since the
beginning of the year. It began the year by slashing the price of Esteem's
diesel version followed by a by the reduction on the premium segment
Baleno. Then the mid sized Versa's price was slashed, Alto's price tag was
then pruned putting its base variant at par with the AC version of M800.
The rationale behind the price cuts is the focus on offering new upgraded
vehicles at a low price.
CHAPTER 4
CONCLUSION
CONCLUSION
The research work was successfully identifying the different segmentation of
Maruti Suzuki and also the sales trend. The conclusion can be drawn from
this study may be: Maruti Suzuki is Indias one of the leading auto mobile
manufactures and also the leader of the market both in terms of
volume and revenue generated.
MSL (Maruti Suzuki Limited) has segmented the market in to A,
B, C, D and Eon the basis of price and length and weight. Between
fiscal year 2002 and 2007 the market of automobile grew at rate of
9.5%.
57
In segment A price always plays a vital role MSL was the sole
manufacture till 2000, Maruti 800 was the hot seller till 2005.
In segment B growth of automobile was 57.6% where Maruti
captures a share of 69%. Its products like alto and Zen are two role
models with these segments.
In C,D and E segment Maruti has number of competitors and has a
less growth . In this segment also MSL lack of more models than
other company.
Taking the sale trend in to account MSL sold a record number of
vehicle 7, 14,842 in 2007-08 including 53,024 units of export. In
2007-08 it record a turnover of INR 145,922 million which rose to
178,603 million in 2007-08 showing a growth of 20%.
MSL has also captured 51.4% of passenger car segment while the
total share of this segment is 78%. It also captures 89% of multi
purpose vehicles. And 1.6 % in sports utility vehicle segments. So
in every segment Maruti Suzuki has shown its presence.
Hence Maruti Suzuki Limited has captured over all share of 46%
in the Indian car market.
58
CHAPTER 5
RECOMMENDATIONS
RECOMMENDATION
59
60
should look into this matter. It should also offer the CNG enable
models to take newer market share.
7. By taking these recommendations MSL should improve its
image and market share.
61
BIBLIOGRAPHY
The essence of the report, are inspired and collected by these sources, listed
in this chapter, not fully but partially as advisory notes.
BOOKS:
ESSENTIAL OF MANAGEMENT CONCEPT -KOONTZ O
DONNEL
MARKETING MANAGEMENT PHILIP KOTLAR
MARKETING
MANAGEMENT
RAMASWAMY
NAMAKUMARI
RESEARCH METHODOLOGY - C R KOTHARI
WEB SEARCH:
http://www.marutisuzuki.co.in
http://www.wikipedia.com
http://www.yahoosearch.com
ANNEXURE
QUESTIONNAIRE
NAME OF THE DEALER:
ADDRESS:
1.
From how many years you are selling Maruti Suzuki cars ?
a)
b)
62
c)
2.
b)
c)
d)
e)
b)
No
3.
4.
5.
Yes
6.
a)
Price
b)
Quality
c)
d)
Other
Petrol
c)
LPG or GAS
b)
diesel
7.
8.
63
a)
going up
c)
remains constant
b)
going down
9.
What is the reason Maruti has less models in the segment D and E.?
10.
64