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S.W.O.T. MatrixMaruti Suzuki Ciaz was launched amid much fanfare in 2014 during the festive
season of Diwali. The response to its earlier product SX4 was unimpressive and
MSIL wanted to target those consumers who were willing to shell their pockets for
luxury and comfort. Maruti Suzuki SX4 was unable to compete with big players in
Sedan segment such as Hyundai Verna, Honda city and Volkswagen Vento. But this
time, MSIL tried new marketing initiatives this time and the hard work paved off. The
Maruti Suzuki Ciaz started strong on its sales, and became a hot-selling name within
a few weeks only. Even now the sales are quite good. The S.W.O.T. Matrix for
Maruti Ciaz is given below:
STRENGHTS
Maruti Suzuki enjoys having the strong
presence in the Indian market and is a
trusted and first preference for majority
of people.
Maruti Suzuki after sales service is
extremely efficient and hassle free.
Also its spare parts are easily
available.
Ciaz was released in both diesel and
petrol versions and had superior
mileage than its competitors giving
this product a clear edge.
Strong network of distributors and
hence accessible to large number of
consumers.
Model launched is longer in length,
has more comfortable spacing and has
all the qualities of luxurious car,
making it a perfect choice for the
consumers of this segment.
WEAKNESSES
The pricing of the Ciaz product
didn’t have much significant
difference from its competitors and
hence making it difficult for the first
time consumers.
Limited share in the market in this
particular segment due to
establishment of other rivals with
their products.
Very small presence outside the
country and hence could not exploit
demand in other countries.
OPPORTUNITIES
Fastest growing segment in the
automobile industry in domestic
market.
The model Ciaz was heavily
promoted before its launch, with
new marketing initiatives like ‘Cool
cat in the town’ and roping of
Ranveer Singh as a brand
ambassador to push the sales.
If promoted heavily and
strategically, Ciaz could have found
its own space in the foreign markets
also.
With rising prices of fuel, its best
mileage among the rivals could
have been game changer.
THREATS
Maruti Suzuki was unable to
compete with the big players in
Sedan segment earlier, with its
product SX4 which was launched to
compete against the rivals in this
segment earlier.
Rising fuel prices has hurt the
prospects of the players where a
significant chunk of consumers are
shifting to low budget and more fuel
efficient cars.
Space crunch due to large size is
always a threat especially in cities
which are overloaded with vehicles,
especially problems of parking.
Exhibit 1: The S.W.O.T. Matrix for Maruti Suzuki CIAZ
Analysis and Study of S.W.O.T. MatrixThe study of SWOT Matrix reveals that though there are threats to the product due
to fierce competition in the market, but it had its own strengths to combat it,
especially with the reliable brand behind it. The S.W.O.T. Matrix also tells that there
are enough opportunities for the growth in this particular segment and hence there is
a good chance of product succeeding in the market. Also there can be marketing
strategy made which can exploit the opportunities in the foreign market.
The new marketing initiative for CIAZ called Cool Cat in the Town received
overwhelming response in the social media. Also the Ciaz was strategically launched
in the festive season of the domestic market where the sales in the automobile
sector get a boost and hence people can be attracted to its. The data of the sales
showed that Maruti Ciaz was a success and attracted a lot of attention among the
buyers. Its sales successfully notched higher than Hyundai Verna and gave although
competition to Honda city. Thus it actually put its lacklustre performance of SX4
behind and made inroads into the Sean segment successfully.