A Study On Customer Perception Towards Royal Enfield With Special Reference To Malappuram District
A Study On Customer Perception Towards Royal Enfield With Special Reference To Malappuram District
A Study On Customer Perception Towards Royal Enfield With Special Reference To Malappuram District
Name:Mr.FAISAL.T
Designation:Research Scholar(M-phil)
Postal address:Thottiyil[H]
:Kuzhippuram
:Iringalloor[post]
:Vengara[via]
:Malappuram[dist]
:Kerala . 676304[pin]
Phone:09744255977
Mail ID:faisuthottiyil@gmail.com
INTRODUCTION
It is being hard to please the present day customers. The market conscious
society turned smarter and more priced conscious and in turn more demanding
and less forgiving. They checkout the competitors with similar or at times even
better offers. So the challenge is not to produce for customers, any firm could do
it. The real challenge is to produce delighted customers and more importantly
loyal customers.
Customers are the king and without satisfying their needs none can exist in
the corporate competitive world. Customer perception is a marketing concept
that encompasses a customer’s impression, awareness and/or consciousness
about a company on its offerings. Customer perception is typically affected by
advertising, reviews, public relation, social media, personal experience and other
channels.
Simply the study makes a chance to the firm to delight their customers,
ultimately for the existence and earnings in present corporate competition by way
of adjusting their products according to the customer needs, if necessary and also
to know the strength, weakness, opportunity and threat of the product or the firm.
RESEARCH METHODOLOGY
Research is done for collecting the information that helps to solve certain
problems effectively. It is a frame work with a specific logic from the researcher to
find out a reasonable solution for a problem. Research is a step by step activity
which needs to be accurate and reliable. It is completed when the researcher gets
proper solutions for his task. It aims at definite solutions within a particular period.
It covers some challenging task such as how, when, where, who and why?
RESEARCH DESIGN
A research design is basis frame work, which provides guidelines for the rest
of research process. It is the map or blueprint according to which, the research is to
be conducted. The research design specifies the method of study. Research design
is prepared after formulating the research problem and need to be most suitable to
solve the problem.
POPULATION
Here the researcher selected 250 customers who purchased different brands
of Royal Enfield.
SAMPLE SIZE
SAMPLING METHOD
DATA COLLECTION
SOURCE OF DATA
Data are the raw materials in which the research works. The task of data
collection begins after research problem has been defined and research design
chalked out. The data collection is classified as Primary data and Secondary data.
PRIMARY DATA
Primary datas are collected directly by way of using questionnaires as
well as by meeting the company managers, service head, store keeper and
also few sales executives of different agencies. So it will be reliable and
accurate and can easily by respondent.
SECONDARY DATA
These are datas already collected and recorded. Here secondary datas
were collected from the company’s office records like customer register and
delivery book, newspapers, official website of Royal Enfield, other web
sites, library books and also from previous project reports in related areas.
FIGURE-1
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
YES
NO
PERCENTAGE
TABLE-2
SL NO OPTIONS NO OF PERCENTAGE
RESPONDENTS
1 ADVERTISEMENTS 2 2%
2 FRIENDS & RELATIVES 76 76%
3 DEALERS 8 8%
4 BY SEEING ON ROAD 14 14%
TOTAL 100 100%
Source : Primary Data
FIGURE-2
ADVERTISEMENTS
2%
BY SEEING ON
ROAD
14%
DEALERS
8%
FRIENDS &
RELATIVES
76%
INTERPRETATION: From the above table and figures it is clear that 76% of
customers had heard about Royal Enfield from their friends and relatives, 14% by
seeing on road, 8% from dealers and rest of 2% from advertisement.
TABLE AND FIGURE SHOWING THE MODEL OF ROYAL ENFIELD
WHICH ARE USED BY RESPONDENTS
TABLE-5
NO.OF
SL NO MODEL PERCENTAGE
RESPONDENTS
1 BULLET STANDARD 60 60%
2 ELECTRA 18 18%
3 CLASSIC 350 CC 8 8%
4 CLASSIC 500 CC 4 4%
5 DESERT STORM 0 0%
6 CHROME 0 0%
7 TBTS 350 CC 6 6%
8 TBTS 500 CC 4 4%
TOTAL 100 100%
Source : Primary Data
FIGURE-5
4%
6%
0%
4%
8%
18% 60%
INTERPRETATION:
It is clear that 70% of respondents are using Bullet Standard, 18% are using Electra, 8%
are using Classic 350 CC, 4% are using Classic 500 CC, 6% are using TBT 350 CC, 4% are
using TBT 500 CC and no respondents under study are using the models like Chrome and Desert
Storm.
TABLE AND FIGURE SHOWING THE MOST REQUIRED FEATURE FOR
RESPONDENTS WHILE PURCHASE A BIKE
TABLE-7
REQUIRED NO OF
SL NO PERCENTAGE
FEATURE RESPONDENTS
1 COST 2 2%
2 STYLE & POWER 70 70%
3 FUEL EFFICENCY 19 19%
4 RESALE VALUE 9 9%
TOTAL 100 100%
Source : Primary Data
FIGURE-7
2%
9%
19%
70%
INTERPRETATION:
TABLE – 8
FIGRE-8
80
70
60
50
40
30
20
10
0
ROYAL HONDA YAMAHA HERO BAJAJ TVS
ENFIELD
1ST PLACE 2ND PLACE 3RD PLACE 4th PLACE 5th PLACE 6th PLACE
INTERPRETATION:
The above table and figure shows respondents order of selection from different
companies.79% of respondents provided 1st place to Royal Enfield and none opined 6th place to
Royal Enfield. None of the respondents provides 1st place to Yamaha and TVS. Only 7% of
respondents provided 1st place in case of Honda, Hero and Bajaj. It is noted that a majority of
65% of respondents provides only 6th place to TVS.
TABLE AND FIGURE SHOWING THE RESPONDENTS’ OPINION
ABOUT THE REDUCTION IN USE OF ROYAL ENFIELD AMONG
YOUNGSTERS
TABLE-12
NO OF
SL NO OPINIONS PERCENTAGE
RESPONDENTS
1 STRONGLY AGREE 0 0%
2 AGREE 29 29%
3 DISAGREE 57 57%
4 STRONGLY DISAGREE 14 4%
TOTAL 100 100%
Source : Primary Data
FIGURE-12
60
50
40
30 PERCENTAGE
20
10
0
STRONGLY AGREE DISAGREE STRONGLY
AGREE DISAGREE
INTERPRETATION:
The above table shows that none of respondents strongly agree, 29% are agree, a majority of 57%
are disagree and 14% are strongly disagree that there is a reduction in use of Royal Enfield among
youngsters
CHI-SQUARE
AIM:
This test is done to find out the significant relationship between the factors influencing the two-
wheeler buying decision the main attraction of Royal Enfield
Most required
Feature STYLE
FUEL & RESALE
TOTAL
Main COST EFFICIENCY POWER VALUE
attraction
STYLE 1 4 55 4 64
FUEL
EFFICIENCY 0 0 0 0 0
RESALE
VALUE 1 1 3 2 7
EASINESS
OF USE 0 14 12 3 29
TOTAL 2 19 70 9 100
NULL HYPOTHESIS(HO)
ALTERNATIVE HYPOTHESIS(H1)
0 0 0 0 0
0 0 0 0 0
Formula is χ2=(O-E)2/E
O=Observed frequency
E=Expected frequency
Degree of freedom=(r-1)(c-1)=(4-1)(4-1)
=3*3
=9
Computed value=34.6737
INFERENCES
Since the calculated value is greater than the table value, we accept the
alternative hypothesis (H1) that there is no significant relationship between the
factors influencing buying decision(required feature) and the main attraction of
Royal Enfield.
FINDINGS
It is clear from the study that a majority having 76% of respondents had
heard about Royal Enfield from their friends and relatives.
Whole customers are satisfied in the resale value of Royal Enfield. It also
shows that the second hand market for Royal Enfield is satisfactory.
CONCLUSION
By the project entitled “A STUDY ON CUSTOMER PERCEPTION TOWARDS ROYAL ENFIELD
WITH SPECIAL REFERENCE TO MALAPPURAM DISTRICT” was undertaken with the
objective of finding out customer’s perception level on Royal Enfield bikes. Here
adopted suitable methodology for data collection and analysis. It is clear from the study
that the most customers of Royal Enfield are highly satisfied in almost all areas offered
by Royal Enfield. And most majorities among the satisfied customers are delighted
customers. This study reveals that by way of reducing the lead-time, improving fuel
efficiency, service and advertisement and by introducing new models capable to
compete with the fresher’s in the market, Royal Enfield can easily make the whole
customers into highly delighted customers.
REFERENCES
TEXT BOOKS
MARKETING MANAGEMENT.
-Kotler Philip
-Rajan Saxena
-Sonatakki.C.N
SERVICE MARKETING.
-S.M.Jha
RESEARCH METHODOLOGY
-C.R.Kothari
WEBSITES
Google
Official website or Royal Enfield.
Investopedia.
Wikipedia.