My Project Work
My Project Work
My Project Work
On
Roll.no- 20MBAMB006
By
campus, 794002
ANNEXURE – I
DECLARATION
I hereby declare that this Project Report titled Marketing strategies submitted by me to the
and it is not submitted to any other University or Institution for the award of any degree
Fullbackstar Lyngkhoi
CERTIFICATION
guidance. This has not been submitted to any other University or Institution for the
the Guide
ABSTRACT
mission and vision statements to guide the development of marketing goals, strategies,
and tactics. Marketing strategy is a construct that lies at the conceptual heart of the
field of strategic marketing and is central to the practice of marketing. It is also the area
within which many of the most pressing current challenges identified by marketers
arise.
to understand all of marketing thought. Here, we offer an overview of the current state
place strategic thinking within the context of the history of marketing thought, with an
emphasis on identifying those concepts which remain relevant tor strategic thinking.
Next, we review some of the current literature pertaining to certain functional areas of
marketing (e.g., product decisions) and identify key issues (e.g., brand equity) relevant
to strategic planning. We discuss alternative theories of the firm, which provide a basis
for placing marketing activities within the broader context of corporate strategy.
Finally, we discuss some emerging trends and areas of inquiry that will be relevant to
I would like to express my gratitude to all those who helped me during the writing
of this thesis.
project on the topic Marketing strategies. I sincerely give thanks to our respected
MDC from Mawkyrwat Mr. Karnes Sohshang who kindly helping me talking to the
well as to sir Shooting as my guide in Rani motor which helping me a lot providing
me lots of information about the firm. I also express my gratitude to Ms. Perneris
Next, I feel grateful to my fellow classmates who are pleased to help me and to
I thank GOD for everything, because without GOD I cannot do anything not even a
Thank you
TABLES OF CONTENT
no
3.4 Management 29
3.5 Team 30
3.8 Carrier 33
3.10 Location 35
3.11 Calculate the selling of cars 36-37
Suggestion
No.
respondent
14 Exchanges of your old car is done in Rani motor. How do you feel? 53
Data of respondent
List of Chart
No.
respondent
14 Exchanges of your old car is done in Rani motor. How do you feel? Data 53
of respondent
Chapter-1
1.1 Introduction:
reaching prospective consumers and turning them into customers of their products or
thorough marketing strategy covers "the four p’s" of marketing—product, price, place, and
promotion.
A clear marketing strategy should revolve around the company's value proposition, which
communicates to consumers what the company stands for, how it operates, and why it
Marketing strategies should ideally have longer lifespans than individual marketing plans
because they contain value propositions and other key elements of a company’s brand,
which generally hold constant over the long haul. In other words, marketing strategies
cover big-picture messaging, while marketing plans delineate the logistical details of
specific campaigns.
competitive advantage over rival companies by understanding the needs and wants of its
Identifying the target market may be the most important decision a company makes in the
strategic planning process. The company must first specify whom it is trying to attract
based on its own strengths and weaknesses, the intensity of the market competition and
the potential costs and gains. Businesses may treat the entire market -- called mass
marketing -- or target one or more specific segments or groups in the market -- market
concentration or multi-segmentation.
Specification
Businesses must decide which market position they want to take. The company that gains
the largest market share and dominates the competition becomes the market leader. The
market challenger is the position when a company confronts the leader of the market. The
market follower is a company that follows and copies the leader rather than attacks it.
Many small businesses choose to fill a market niche: a position that specializes in a
After selecting the target market, specifying the position that the company wants to take
and researching the needs and preferences of customers, the company must define its
marketing mix along the "4Ps" -- product, price, promotion and place -- to achieve a
competitive advantage. For example, its product must be of higher quality, its prices must
be lower, its promotion must be more effective, and its distribution must cost less than its
competitors must.
Strategy helps in developing goods and services with best profit-making potential.
and thereby helps in creating an organizational plan to cater to the customer needs.
It helps in fixing the right price for organization’s goods and services based on
A marketing strategy helps to fix the advertising budget in advance, and it also
develops a method which determines the scope of the plan, i.e., it determines the
Territory Mapping
Identifies and list all Industries, Market places, Offices etc. around your dealer ship.
Collect primary information like contact detail of all major retails, suppliers etc.
Identify the route and type of customer and prepare the test drive route maps.
Enquiry and training – The first meetings create the lasting impression about you
Do’s-
Attend promptly and greet with a warm welcome smile, offer a hand shake and
Don’t –
don’t start up the conversation without introducing yourself, don’t ignore the
customer in any circumstances, ask the right question to understand the needs,
Order commitment and confirmation: To make effort to close the deal and to
create a win-win situation for both the customer and the dealership order
Objection handling
Buying signals.
Negotiation
Closing technique.
Negotiation tips:
finance company to buy a vehicle, which would be paid back with interest over a
period of time.
Benefits of finance-
You can’t sell your products or services without appealing to the people most likely to
buy those products and services. That group is known as your target audience, and a
marketing strategy is the most effective way to reach that all-important group. If you have
targeted this group correctly, you know their habits, behaviours, wants, and needs, and
you also know where they like to hang out on social media. This information shapes the
methods you will use to promote your business. For example, if you own a comic book
store, online marketing can be more beneficial than traditional advertising to help you
You have to do market research before you develop a marketing strategy, and that
research can provide you with reams of data that you can use over and over to help refine
your product development and to keep up with trends and shifts in your target audience’s
behaviour. With the evolution of digital information, even small businesses have access
world as “big data,” large data sets that give you a deep analysis into customer behaviour
based on factors such as online activity, buying activity, mobile activity, and interactions
Your marketing strategy isn’t just about boosting leads and converting them into buyers,
it’s also about expressing the culture, values, and purpose of your business. The process
of communicating that vision to your audience is the essence of branding. For example,
Apple’s marketing strategy is all about simplicity, elegance, design, and function. Their
products are sleek, simple, beautiful, and offer multiple functionalities. When people
think of Apple, they think of a company whose products are always on the cutting-edge of
Develop a clear picture of your target customer using market research and analysis.
Some basic market research should allow you to find market data such as total available
market, market growth (historical numbers and projections), market trends, etc.
Research and assess the strengths and weaknesses of each. Take a look at this article for
What is the best way to deliver your product or service to your target customers? This will
impact your sales strategy and your financials, as well as your marketing mix.
Promotion.
Put together your marketing budget and evaluate projected marketing ROI, customer
Continuously evaluate the effectiveness of your marketing strategy, and revise or extend as
needed.
1.7 Marketing Mix in Rani motor:
A marketing mix consists of a combination of factors that a business can control in order to
can better serve their customers; in turn, boosting their bottom lines.
Product
In Rani motor product refers to different cars dealing by the Rani motor like Alto,
Spresso, Super Carry etc, it is also referring to different services serve by the
Price
product
In rani motor Prices refer to the amount of money based on different car that
customer need to pay, like price of the car, down payment, etc.
Place
different branch as Rani motor had spread all over Meghalaya like. In Mawkyrwat
Promotion
Public relations
Emails, or any other form of communication that spreads the word of the product
the advertisement like how they advertised the product and all. So, promotion in Rani
motor is based on advertising a car and also giving offer to the customer based on
different car.
Table-1
2019 117
2020 86
2021 69
Analysis: As per financial year in 2019, 2020, 2021, from the above table I got the
information from rani motor that in 2019 rani motors in Mawkyrwat branch can sold 117
quantities of cars, in 2020 its decreasing it can sold 86 of cars, and in 2021 only 69 of cars
can be sold.
Chart-1
Quantity sold
2021
25% 2019
2019
43% 2020
2021
2020
32%
Explanations- As per the above tables we can understand that the selling of cars in Rani
motors in the years 2019, 2020, 2021 was decreasing this is because of the Covid
pandemic.
CHAPTER-2
LITERATURE REVIEW:
(J.Hooley, Generic marketing strategies, 1992 march) Marketing objectives, strategic focus,
market targeting, quality and price positioning—were used to cluster strategies. Five
generic strategies were identified and were analyses by market type, corporate attitudes,
and performance using discriminant analysis. The study provides more in-depth insights
into the nature of marketing strategies than has been possible hitherto. The theoretical,
(Morgan, 2019) Marketing strategy is a construct that lies at the conceptual heart of the
field of strategic marketing and is central to the practice of marketing. “Marketing strategy
concerning products, markets, marketing activities and marketing resources in the creation,
communication and/or delivery of products that offer value to customers in exchanges with
the organization and thereby enables the organization to achieve specific objectives.”
firms adhering to a triple-bottom line performance evaluation, the present research seeks to
(Singh, May 2006 ) Customer satisfaction Many researchers have looked into the
(2001) said that satisfaction can be associated with feelings of acceptance, happiness, relief,
Satisfied customers are most likely to share their experiences with other people to the order
of perhaps five or six people. Equally well, dissatisfied customers are more likely to tell
that many customers will not complain and this will differ from one industry sector to
another.
(Thompson, 1998)It's easy to say “the customer is king,” but harder to walk the talk. Here's
how leading‐edge companies are dealing with customers, and the lessons they're learning
from them.
CHAPTER-3
3.1 Introduction
Rani Motors is an authorized sales and service dealership of Maruti Suzuki in Shillong. The
dealership was established on the 20th of November, 1995. It made a humble beginning
with employee strength of 47 employees. Initially, it sold 40 cars a month and serviced 25
vehicles per day. However, in a short span of time, the showroom established its repute and
made a name for itself in the market to tremendously increase its patron base. The company
has always aimed to achieve the highest level of customer satisfaction since its inception,
owing to which it has earned the title of being one of the most trusted Arena showrooms in
Shillong.
Rani Motors, Nongthymmai provides all services related to Maruti Suzuki cars in India
including sales and after-sales services. It also offers genuine parts and accessories of
Maruti Suzuki cars, and undertakes repairs and services for a majority of the car models
while also facilitating replacement of car parts. Rani Motors strives to make the research,
buying as well as post sales engagement easy and uncomplicated for its customers.
3.2 ABOUT RANIMOTOR
An old gentleman widely known as Bah Tabung was having a big dream in his mind. He
was sharing the dream with his young son-in-law. A Maruti dealership at Shillong ‘let’s go
It was a dream cherished by Shri (L) Brancis Nongrum, father –in-law of Bhadeng who
acted as a guiding spirit and patronized his beloved son-in-law to accept the challenge of
It was the deep knowledge, experience, innovative zeal, managerial skill and organizing
capacity in the field of automobile sector which has given an edge to Bhadeng (Mr.
Lyngdoh) to setup and expand the dealership of Maruti Suzuki a success in Meghalaya.
Rani Motors was established on the 20 of November 95. It was a small beginning with a
handful of staff numbering to 47 employees and with a sale of 40 cars a month. The service
In the year 2006, Mr. Lyngdoh on entering the political field he has handed over the
2003 the exchange of old vehicles with new vehicles. Maruti Pre owned cars.
2004 New world class workshop at Mawblei to provide quality service to our customers.
2006 E-outlet at Jowai to reach out to the rural market of coal mines.
“Our motto is to reach our customers with excellent services and retain them as
satisfied customers.”
Car buying is always everybody's dream and it is very special occasion, we Rani Motors as
a Maruti Car dealership always endeavor to achieve highest level of customer satisfaction
We take every step to reach the customer door step to sell a car because we understand that
INORIS RANI
CEO/MD
Visionary in the businesses. Inoris Rani has been accomplished through her wide range of
JAMES FRANCIS
GM SALES
“They are the best sales person. They advise the right car that suit my lifestyle. Highly
“Rani Motors an innovative and exceptional work environment has encouraged me to grow
as a frontline leader in building a strong and large networking of clients and customers.
I’ve overcome challenges and set an example for successful execution in corporate sales. I
That’s how Rani Motors being the old dealership it empowers its employees and shapes a
person.”
3.8 CARRIER
careers and long-term growth opportunities in a dynamic and ever evolving work
environment.
We are looking for smart, young, self-driven, passionate, good sales person and negotiation
skills, and go- getter individuals across different levels in sales and services at Rani Motors.
AUTHORISED DELAER FOR MARUTI SUZUKI AUTHORISED DELAER FOR MARUTI SUZUKI
INDIA LIMITED, NEXA. INDIA LIMITED, commercial.
Phone: Phone:
RANI MOTORS
NONGTHYMMAI JELLYSHOP.
Meghalaya, India
Coordinate 25.3679437,91.4679063
Ex-Showroom =477948
=392000
Interest +160720
Total =552720
Insurance =26000
Temporary No -1000
HSRP - 1000
Total 28000
Down payment +100948
129448
99448
DTO +20000
Total 119448
Showroom 477948
Insurance +26000
HSRP +1000
506448
476448
DTO +20000
Total 496448
CHAPTER-4
STUDY METHODOLOGY
2. To know the perception of the customer toward the marketing strategies of rani
motor.
3. To know the satisfaction level provided by the Organization toward the customer.
Primary data
Secondary data
Primary data- Primary data has been collected through personal interview by direct
contact method, the method which was adopted for collection of information is
‘personal interview’ method. Under this project direct collection of data from sources of
information and technique such as personal interview of the customer that came in the
Secondary data- Apart from primary data, Secondary data is indirect information
which has been already collected by someone else and which has been passed through
statistical processing. under this project secondary data is been collected from public
Sources of data: under this project, the sources of data are those that I have
Sample size: The sample size for collecting of all the data is 50.
Area of study: Under this project, although the main branch of Rani motor is in
Jelly shop Shillong East Khasi Hills District, but the area of my study was in
Mawkyrwat South West Khasi Hills District. The choice of the branches is purposes
as the maximum number of customers expected during study period, this study will
Tools analysis: To analyse the collected information only one statistical tool is
SECTION-A
In order to collect primary data a total of 50 customer belonging to different age groups
who were given to fill up the questionnaire. The data thus collected, helped in better
understanding the customer perception towards the marketing strategies of Rani motor
Table-2
1) Gender
Options Response
Male 40
Female 10
Analysis: It is found that 80% of the customer were male Gender and rest were female.
Chart-2
Gender
20% Male
Female
80%
Interpretation: It has been observed that 80% of the responses were male and the
remaining 20% were female. Because the main reason is Men are more into car compare to
women.
Table-3
2) Ages
Options Response
18-30 12
30-50 30
50 & above 8
Analysis: Out of the 50 customers, 30 were the age group of respondents from the age of
30-50, 12 were from the age of 18-30, and 8 respondents were from the age of 50 & above.
Chart-3
Ages
16%
24%
18-30
30-50
50 & above
60%
Interpretation: It is found that 60% of the customer which is the maximum number of
respondents are the age group of 30-50, whereas 24% of the customer are the age of 18-30
3) Profession
Table-4
Options Response
Service class 27
Students 3
Others 20
Analysis: From the above table the response from the service class were 27, 3 from
Chart-4
Profession
Service class
40% Students
54%
Others
6%
Interpretation: From the above table 54% responses were from services class, 40% were
from others & 6% were from students. Because Services class are those which were having
their own jobs and they are independent as compare to students and others.
SECTION-B
Table-4
Options Response
Yes 49
No 1
2%
yes
No
98%
Interpretation: Under this table above 98% of customer responses yes and 2% No. The
reason is, Rani motor was one of the most popular and are known by most of the people
except for those who only heard about the name but they don’t know exactly how they are
working on it.
Table-6
Options Response
Yes 10
No 40
Analysis: From the Table above, out of 50 10 of the customer responses yes and 40
response No.
Chart-6
20%
80%
Yes No
Interpretation: As per the table it shows that 80% of the customer responses No and 20%
responses yes, this is because most of the customer they are new to the rani motor and want
to buy a car and 20% are those who already bought previously.
Table-7
Options Response
Yes 37
No 13
Analysis: From the table above 37 of the customer responses yes out of 50.
Chart-7
Yes
74%
Interpretation: From the table above table, 74% of the customer were satisfied with the
offer provided by the Rani motor but 26% of the customer expected more offer.
Table-8
Options Responses
Excellent 5
Very good 12
Good 21
Average 9
Not good 3
Analysis: As per the above table, Different responses from the customer out of 50 I got, 5
customers who response excellent, 12 responses very good, 21 responses goods, 9 of the
Chart-8
Good
42%
Interpretation: From the above table most of the customer responses very good & good
because most of the people are satisfied with the product dealt by Rani motor 10%
responses excellent, 18% average & 6 not good because most of the competitor are there so
in most of the people, they might prefer different kind of dealership as compare to Rani
motor.
Table-9
Options Responses
Yes 45
No 5
Analysis: As per the responses from the customer 45 responses yes and 5 responses No
Chart-9
10%
Yes
No
90%
Interpretation: Almost 100% responses yes about this question as most of the people or
the customer were urged by the advertisement to bought car from Rani motor.
Table-10
Options Responses
Yes 48
No 2
Analysis: from the above table 48 of the customer responses yes out of 50.
Chart-10
Yes
96%
Yes No
Interpretation: 96% of the customer responses belief in advertisement because with out
advertisement they can will never know the quality of the product, and how can they buy a
cars blindly without knowing anything that is why most of the customer they belief in
advertisement.
10) Which type of advertisement attracted you to purchase a car from Rani
motor?
Table-11
Options Responses
News paper 4
Social media 17
Salesman 26
Analysis: As per the above table 26 responses from the customer that is through sales man
as most attracted advertiser, 17 from social media, 3 & 4 from newspaper and friends &
family.
Chart-11
Social media
Salesman 34%
52%
Interpretation: from the above table 52% of the customer says that advertisement provide
by sales man was the most attracted one as the sales man knows everything about the
product because he/she has to study about the material/product. And 34% from social
media as most of the people now they can go through by themselves without coming to the
Table-12
Options Responses
Very Good 15
Good 25
Simple 8
Bad 2
Analysis: Maximum of the customer they found it good regarding the marketing strategies
provided by Rani motor, some of them very good, 8 of the customers found it simple and
few as bad.
Chart-12
Bad
Simple 4%
Very Good Very Good
16%
30% Good
Simple
Bad
Good
50%
Interpretation: The marketing strategies of Rani motor was good to most of the customer
and for some of them it was very good and simple and for few of them it was bad this is
because the customer was satisfied with the strategies, for the customer who responses very
good and good and 16% say it was simple this is because they might be wanting more
creative strategies from Rani motor. And for those who responses bad it might be that they
Table-13
Options Responses
Yes 46
No 4
Chart-13
Yes
92%
Yes No
Interpretation: Almost 100% of the customer were satisfied with the service provide by
the Rani motor because most of the service were provide by the employees as a salesman.
13) Exchange of your old car is done in Rani motor. How do you feel?
Table-14
Options Responses
Perfect 10
Good 30
Not bad 8
No need 2
Analysis: From the table cited above the responses of the customer are, 30 as perfect, 30 as
Chart-14
Perfect
4%
16% 20% Good
Not bad
No need
60%
Interpretation: As per the table above 60% responses good, 20% as perfect, 16%
responses not bad and 4% as no need this is because Most of the customer want to get rid of
their old car but they cannot manage or they did not know how to do it, and for few of the
customer they might be having the abilities or talent of dealing with the second-hand car.
CHAPTER-6
6.1 Finding:
50% says that the marketing strategies of the Rani motor are Goods.
Rani motor provided not only product but also it is based on services also, and
almost 100% of the customer feels satisfied with the services provided by rani
motor.
Among all the customer most of them they feel perfect, goods when it comes to
exchanging of their old car as they actually get as a discount or as a down payment.
Regarding the use of the advertisement in Rani motor, almost 100% of the
customer belief in advertisement and almost 100% of the customer were urge to
The firm need to modify their marketing strategies, as about half of the user indicate that
the marketing strategies in Rani motor are good and the firm must take initiate in direction
to make the strategies much better and more over the people who think that the strategies
are not good will say in the future that the strategies provided by Rani motor are even good
now.
Regarding the advertisement, even though the advertisement provided by Rani motor was
satisfied by most of the Customer and almost 100% of the customer were urge to purchase
a car through advertisement but Rani motor need to keep up their good work and tries to
Although there is an offer in most of the car in Rani motor, but my suggestion is Rani
motor needed to provide more offer so that they can attract more and more customer in the
future.
Most of the customer were satisfied with the service provided by Rani motor, but as per my
suggestion Rani motor they need to give train to their employees like twice a year so as the
employees will have an excellent skill while interacting with customer, communicating
with customer because now a days we all know that services is a must because if some
organization do not have the best quality of services there will be a red mark for the
organization.
CHAPTER-7
Conclusion
On the basis of my studies, I conclude that marketing is the most exciting of all business
All business strategy is marketing strategy. Your ability to think clearly and well about the
very best marketing strategies, and to continually change and upgrade your activities, is the
Fortunately, like all business skills, marketing can be learned by practice, experimentation,
and continually making mistakes. The key is to test, test, test. And whatever marketing
The process of Marketing strategies lets a manager determine whether or not a strategy is in
keeping with the organization’s mission and whether it has a reasonable chance for success.
Finally, the process requires a manager to analyse the impact of the strategy on the
distribution programmes) indicate the specific activities and tactics that will be necessary to
implement a strategy.
For instance, if a strategy requires the firm to achieve distributor cooperation, the details of
how the sales force will achieve cooperation must be worked out.
No matter how appropriate a strategy might appear, it will fail if not properly implemented.
Consequently, clear statements regarding target markets and marketing strategies are
necessary to ensure that the correct programmes and tactics will be developed.
From the foregoing discussions, we can conclude that a marketing strategy serves as the
major link between corporate marketing planning and the situation analysis on the one hand
https://www.managementstudyguide.com/marketing-strategy.html
https://yourbusiness.azcentral.com/three-main-objectives-marketing-strategy-
7962.html
https://www.yodiz.com/blog/8-types-of-marketing-strategies-and-definition/
https://www.sevenstepsmarketing.com/marketing-strategy-process.html
https://www.alchemer.com/resources/blog/introduction-to-marketing-mixes-4-ps-of
marketing/
https://yomaps.net/en/IN/meghalaya/rani-motors-linAlJ4To.html
https://www.sciencedirect.com/science/article/abs/pii/0167811694900019
Questionnaire:
Section-A
1. Gender
a) Male
b) Female
2. Ages
a) 18-30
b) 30-50
c) 50 & above
3. Profession
a) Service class
b) Students
c) Others
Section-B
a) Yes
b) No
5. Have you purchased a car from Rani motor?
a) Yes
b) No
6. Are you satisfied with the offer that Rani motor sets as per different car?
a) Yes
b) No
a) Excellent
b) Very Good
c) Good
d) Average
e) Not Good
a) Yes
b) No
a) Yes
b) No
10. Which type of advertisement attracted you to purchase a car from Rani motor?
a) News paper
b) Social media
d) Sales man
a) Good
b) Simple
c) Not bad
d) Bad
12. Are you satisfied with the services provided by Rani motor?
a) Yes
b) No
13. Exchange of your old car is done in Rani motor. How do you feel?
a) Perfect
b) Good
c) Not bad
d) No need