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    4P's For Mahindra Reva

    Uploaded by

    Anshul Arora
    The document discusses Mahindra Reva, an electric vehicle company. It covers the 4P's of marketing - product, place, price, and promotion. For product, it describes Reva as an electric car with low running costs and novel design. For place, it has limited availability in select Indian cities and broader availability in European markets. For price, it ranges from 3.36 to 3.85 lacs with very low running costs compared to fuel vehicles. For promotions, it recommends extensive sales promotions in metro areas and promoting an upcoming 4-seater Reva model through movies and mass media.

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    4P's For Mahindra Reva

    Uploaded by

    Anshul Arora
    1K views2 pages
    The document discusses Mahindra Reva, an electric vehicle company. It covers the 4P's of marketing - product, place, price, and promotion. For product, it describes Reva as an electric car with low running costs and novel design. For place, it has limited availability in select Indian cities and broader availability in European markets. For price, it ranges from 3.36 to 3.85 lacs with very low running costs compared to fuel vehicles. For promotions, it recommends extensive sales promotions in metro areas and promoting an upcoming 4-seater Reva model through movies and mass media.

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    4P’s for Mahindra Reva

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    The document discusses Mahindra Reva, an electric vehicle company. It covers the 4P's of marketing - product, place, price, and promotion. For product, it describes Reva as an electric car with low running costs and novel design. For place, it has limited availability in select Indian cities and broader availability in European markets. For price, it ranges from 3.36 to 3.85 lacs with very low running costs compared to fuel vehicles. For promotions, it recommends extensive sales promotions in metro areas and promoting an upcoming 4-seater Reva model through movies and mass media.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    1K views2 pages

    4P's For Mahindra Reva

    Uploaded by

    Anshul Arora
    The document discusses Mahindra Reva, an electric vehicle company. It covers the 4P's of marketing - product, place, price, and promotion. For product, it describes Reva as an electric car with low running costs and novel design. For place, it has limited availability in select Indian cities and broader availability in European markets. For price, it ranges from 3.36 to 3.85 lacs with very low running costs compared to fuel vehicles. For promotions, it recommends extensive sales promotions in metro areas and promoting an upcoming 4-seater Reva model through movies and mass media.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    4Ps for Mahindra Reva Product: Place: Price: Mahindra should use a penetrating price strategy rather than

    ther than skimming. Price of the product is 3.36 Lacs to 3.85 Lacs. Running cost of the product is very low as compared to fuel cars. Available in selected cities in India. (only 9). Good presence in abroad.(European Markets). Electric Car with zero emissions. A small car easy to maneuver in heavy traffic. Perfectly safe to drive. Novel and different Design then conventional fuel vehicles.

    Promotions: Reva needs extensive sales promotions especially in metros. The launch of a four seater reva to be promoted rigorously through movies, and other forms of mass media.

    SWOT Analysis: Strengths of Mahindra Reva Mahindra is an established brand in Indian market as well as European Markets and enjoys a good brand equity. Mahindra already has an electric scooter in its portfolio and planning to launch an electric truck. Very Good market presence across all the sectors. Low running cost. Highly efficient supply chain.

    Weakness Low market presence of Reva. Lack of dealers in India. Ill promoted product. Cannot run beyond 45KMPH and cannot go beyond 80 KM in one charge. Requires 8 hours to get completely charged. Cannot accommodate more than 2 adults and two children at a time. Li ion Battery is very expensive.

    Opportunities First mover advantage. Market of EV is expected to grow @ 20-25% as predicted by industry experts. Govt. gives subsidy @ 75000/- on EV and hybrid vehicles. A lot of export potential. Export Market is expected to be 1.5-2 million by 2020 and Indian market to be 80000. An established player in European market across 24 countries. Currently having the biggest fleet on road (3500 vehicles). Fuel prices have grown from 8.50 to 67.00 since 1989 to 2011 and are expected to grow only.

    Threats: Mitsubishi and Hero electric also planning to enter the EV markets. Stiff competition from cheap conventional fuel cars.

    STP for Mahindra Reva Segmentation: Based on daily running, based on affordability, based on usage. Target customer : middle class, people staying in metros and traveling 50 Kms per day. Govt. places such as green zones. Running cost conscious consumers. Positioning: Highly fuel efficient car. Per KM cost is Rs .30-.40 .Whereas for Nano it is around Rs.2.91.Even for CNG it is Rs. 1-Rs.1.20.CNG availability is also an issue. Mahindra is a trusted brand in Indian Market. No other competetior currently in market. TRENDS IN AUTOMOBILE INDUSTRY:

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