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“A STUDY ON PRODUCT CUSTOMER PRODUCT PREFERENCE TOWARDS HERO HONDA BIKES PURCHASE IN ARVINTH AUTO AGENCY AT TUTICORIN” BY S.UMA (Reg.No:95410631052) Of Dr. SIVANTHI ADITANAR COLLEGE OF ENGINEERING (Affiliated to Anna University of Technology, Tirunelveli) TIRUCHENDUR-628215 A PROJECT REPORT Submitted to the DEPARTMENT OF MANAGEMENT STUDIES In partial fulfillment of the requirements For the award of the degree Of

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Page 1: UMA Project

“A STUDY ON PRODUCT CUSTOMER PRODUCT PREFERENCE TOWARDS HERO

HONDA BIKES PURCHASE IN ARVINTH AUTO AGENCY AT TUTICORIN”

BY

S.UMA

(Reg.No:95410631052)

Of

Dr. SIVANTHI ADITANAR COLLEGE OF ENGINEERING

(Affiliated to Anna University of Technology, Tirunelveli)

TIRUCHENDUR-628215

A

PROJECT REPORT

Submitted to the

DEPARTMENT OF MANAGEMENT STUDIES

In partial fulfillment of the requirements

For the award of the degree

Of

MASTER OF BUSINESS ADMINISTRATION

ANNA UNIVERSITY

Tirunelveli

September-2011

Page 2: UMA Project

BONAFIDE CERTIFICATE

Certified that this project report titled “A STUDY ON CUSTOMER PRODUCT

PREFERENCE TOWARDS HERO HONDA BIKES PURCHASE IN ARVINTH AUTO

AGENCY AT TUTICORIN.” is the bonafide work of Miss.S.UMA (Registration Number:

95410631052) who carried out the research under my supervision. Certified further, that to the

best of my knowledge the work reported herein does not from part of any other project report or

dissertation on the basis of which a degree or award was conferred on an earlier occasion on this or

any other candidate.

Supervisor Head of the Department

Submitted to the Project and Viva Examination held on …………………

Internal Examiner External Examiner

Page 3: UMA Project

DECLARATION

I hereby declare that this project “A STUDY ON CUSTOMER PRODUCT

PREFERENCE TOWARDS HERO HONDA BIKES PURCHASE IN ARVINTH AUTO

AGENCY AT TUTICORIN.” submitted for the award of Degree of Master of Business

Administration in Anna University, Tirunelveli has been carried under the guidance of Mr.S. Siva

Subramanian M.B.A., M. Phil Lecturer, Department of Management Studies, Dr.Sivanthi

Aditanar College of Engineering, Tiruchendur. The entire research is my original work which does

not form part of the award of any other degree.

Place: Tiruchendur Signature of the student

Date : ( S.UMA)

(Reg.No:95410631052)

Page 4: UMA Project

ACKNOWLEDGEMENT

I thank The Lord almighty for giving me the knowledge and strength in completing

this project. I would like to acknowledge my sincere thanks to our beloved Principal

Dr. J. MAGESHWARAN, M.E., Ph.D., FIE, MISTE for giving me an opportunity to do this

project.

I render my special thanks to Director Dr. P. NAGARAJAN B.G.L., M.L.S.,

M.Com. M.B.A., Ph.D., who gave me the opportunity to do this project.

I would like to thank Dr. P. AMIRTHA GOWRI, M.Com, M. Phil., Ph.D., Head of

the Department of Management Studies for her moral support during the project.

I am also grateful to Mr. S. SIVA SUBRAMANIAN M.B.A., M. Phil., Lecture in

Department of Management Studies for the support and valuable guidance to complete the project.

I express my grateful thanks to other faculties of department of management studies for

their help and assistance.

I express my thanks to my parents for their love and support and for being my source of

inspiration.

I thank all the people who have extended their support to make this project

successfully.

S.UMA

Page 5: UMA Project

TABLE OF CONTENTS

CHAPTER

NO

TITLE PAGE NUMBER

1 1.1INTRODUCTION

1.2 STATEMENT OF THE PROBLEM

1.3 SCOPE OF THE STUDY

1.4 OBJECTIVES OF THE STUDY

1.5 LIMITATION OF THE STUDY

1.6 REVIEW OF LITERATURE:

1.7 RESEARCH METHODOLOGY

1.8CHAPETERISATION

2 2.1 HISTORY OF TWO WHEELER

2.2 INDUSTRAY PROFILE

2.3 COMPANY PROFILE

2.4 SWOT ANALYSIS HERO HONDA

3 3.1 DATA ANALYSIS AND

INTERPRETATION

4 4.1 FINDINGS

4.2 SUGGESTIONS

4.3 CONCLUSION

QUESTIONAIRE

BIBLIOGRAPHY

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LIST OF TABLES

TABLE

NUMBER

TITLE

PAGE

NUMBER

3.1 Age wise classification

3.2 Educational wise classification

3.3 Occupation wise classification

3.4 Monthly income of the respondents

3.5 Price range afford by the respondents

3.6 Source of information about the company

3.7 Reasons for choosing the company

3.8 Reasons for choosing this brand

3.9 The offer mostly preferred for bike

3.10 Brand preferred by the respondents for the current purchase

3.11 Satisfaction with the present bike

3.12 Respondents opinion regarding price of bike

3.13 Usage of vehicle of the respondents

3.14 Maintenance procedure adopt in servicing vehicle

3.15 Satisfaction with the service of bike

3.16 Preference of the customer service enter

3.17 Respondents opinion regarding the service

3.18 Mileage promised by the dealer

3.19 Actual mileage of the vehicle

3.20 Usage of the vehicle

3.21 Satisfaction level towards mileage

3.22 Relationships between choosing the brand name and income.

3.23 Relationships between price range and the level of satisfaction.

3.24 WEIGHTED AVERAGE METHOD

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LIST OF CHARTS

CHART

NUMBER

TITLE PAGE

NUMBER

3.1 Age wise classification

3.2 Educational wise classification

3.3 Occupation wise classification

3.4 Monthly income of the respondents

3.5 Price range afford by the respondents

3.6 Source of information about the company

3.7 Reasons for choosing the company

3.8 Reasons for choosing this brand

3.9 The offer mostly preferred for bike

3.10 Brand preferred by the respondents for the current purchase

3.11 Satisfaction with the present bike

3.12 Respondents opinion regarding price of bike

3.13 Usage of vehicle of the respondents

3.14 Maintenance procedure adopt in servicing vehicle

3.15 Satisfaction with the service of bike

3.16 Preference of the customer service enter

3.17 Respondents opinion regarding the service

3.18 Mileage promised by the dealer

3.19 Actual mileage of the vehicle

3.20 Usage of the vehicle

3.21 Satisfaction level towards mileage

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CHAPTER 1

INTRODUCTION AND DESIGN OF THE STUDY

1.1INTRODUCTION

India is a vast country with a burgeoning population that is more than 1 billion and

is next only to china. Though the lifestyles of the rural masses have undergone a sea change with

the increased infrastructural facilities, application of modern techniques in cultivation, and better

access to urban areas, the situation in India is still not rosy. However, of late, the situation has

changed drastically with even Multi National Companies (MNCs) competing keenly for a share in

the rural markets.

This is welcome news for the rural consumers who have been ignored by the corporate

world from time immemorial. Rural Marketing can be defined as the activities taking place in rural

markets to influence the rural consumers to buy specific products or services for satisfying their

needs and wants by conveying through print, electronic and mass media. There are several peculiar

characteristics that can be observed in the rural markets and in rural consumers, With the advent of

modern sophisticated technology, media coverage has been far and wide. Due to increased audio

and visual media coverage, sending message to the masses in a set of capsules, each depicting a

particular factor, a product or services has been possible.

The surface transport is one area where vast improvements can be noticed with improved

roads, transportation and other means. Small and big means of transport have allowed the rural

consumer to shop for his goods and services beyond his village boundaries. An important aspect of

this development is that the consumer is slowly realizing the number of products, brands and

services available in the market, a scope which was unnoticed earlier. The two-wheeler market in

India is the biggest contributor to the automobile industry with a size of Rs.100,000 million.

The two-wheeler market India comprises of 3types of vehicles- namely motorcycles, scooters, and

mopeds. Foreign collaborations have been playing a major role in the growth of the Indian two-

wheeler market, and most of them are Japanese firms. The modern two- wheeler firms in India have

been manufacturing new categories of two-wheeler such as step- thrus and scooterettes. These have

been produced by combining two or more two –wheeler segments. Foreign firms have already taken

initiatives to own their two- wheeler subsidiaries in India.

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Among the 3 segments of the Indian two wheeler market, major growth trends have been

seen in the motorcycle segment over the last four to five years. One good reason for such increase in

the demand for motorcycles is due to its resistance and balance even on bad roads. Most of the rural

areas in India do not have decent roads and hence the need for good, shock-resistant, and steady

two-wheelers such as motorcycles has been felt. Some of the major players in the Indian

motorcycles market are Hero Honda CBZ, Bajaj Pulsar, TVS and Apache. Other brands include

Splendor, Passion, Fiero, Victor, Star City, Boxer, CD Dawn, Karizma, Caliber, etc. Having

classified the motorcycle brands into economy, executive, and premium segments, Bajaj stands as

the leader in the economy segment. Hero Honda leads in the executive segment, and there is a

competition in the premium segment between Hero Honda and Bajaj.

A key element in marketing strategy is brand name. It is extremely difficult to establish a

successful brand name, but once a brand name is established, it is an invaluable asset. Marketing

activities exert an enormous impact on individuals. Consumer behaviour is relevant to our

understanding of both public policy issues and the dynamics of popular culture. A sound

understanding of consumer behaviour is essential in the long run success of any marketing program.

Marketers try to satisfy consumer needs, but the reason why any product is purchased can vary

widely.

The identification of consumer needs and exceptions is an important step towards ensuring

that the appropriate needs will be met by a product. Consumers does not make decision in vacuum.

Their purchases are strongly influenced by cultural, social, personal and psychological factors. The

markets are customer-driven these days. To understand the customer is no easy job as his behaviour

is mostly unique and predictable. This has made the firms to step into the shoes of the consumer and

understand him from his point of view in selection and purchase of products and services.

Companies often introduce products with unique features to compete

with the dominant brands in the market. Customers are having a lot of offers

from differentiate companies which always shakes their loyalty. Customers give

their commitment to support two or three companies for the product.

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1.2 STATEMENT OF THE PROBLEM

The product preference reveals that for the selection of durable products, especially

two wheelers, the customer has to spend much time to evaluate and choose desired one based on

their need and economic condition. The marketing strategies followed by the manufacturer and

marketer as well as pre-conceived idea of the buyer also play vital role in selection of a particular

product and get satisfied. So to analyze factors contributing product preferences of two wheeler.

1.3 SCOPE OF THE STUDY

The study focus on how and why the consumers make decisions to purchase Hero

Honda bike. To know the change in demand pattern of the customer. It would help us understanding

the changes in the requirements and preferences. Study of perception act as a ladder to develop new

product. This Report will be helpful for Retailer and Company so that they can understand the

consumer behaviour and can satisfy the consumer on better manner.

1.4 OBJECTIVES OF THE STUDY

The objectives of the study are as follows:

To study the product preference of two wheeler buyers in Arvinth auto agency at

Tuticorin.

To analyze the social factors which influence the purchasing decisions.

To study and evaluate customers perception and expectations in selection of a particular

brand.

To know about the service quality in Arvind Auto Agency at Tuticorin.

1.5 LIMITATION OF THE STUDY

The customers provided data from their memory. So the data furnished by the sample

customer may not be accurate.

The data are qualitative in nature which is collected from the customers. Hence it may not

be precise.

The study is restricted to Arvinth Auto Agency at Tuticorin. so the results cannot be

generalized.

The sample for the study was only120.So it could not reveal the entire customer opinion.

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1.6 REVIEW OF LITERATURE

Raju et al., (1990); Parasuraman et al., (1996), quality of the product plays a major role in the consumers’ preference of the product, their satisfaction and repurchases intention.

Burger and Schott,(1972); Richardson et al.,(1996) a, b; Dick et al.,(1996)in their study

found that favourable attitude of consumers towards store brand initiates them buy regularly.

Day G.S.A had a put forth a “Two dimensional concept of brand Loyalty “He stated that

brand attributes as well as purchase are needed to measure brand loyalty. Statistical analysis of

purchases of convenience food brands shows that the true loyal buyers are very conscious of the

need of the economies when buying, confident of brand judgement and heavy use of the product.

The taste study revealed that consumers rate private lables higher than

manufacturer brands, Richardson,(1997).

Sarwade W.K in this research on “Emerging dimensions of buyer’s behaviour

in rural area” studied the marketing and consumer behaviour aspects such as place of buying,

frequency of purchase, brand decisions, buying motives, shopping behaviour and brand choice of

buyers with reference to selected products in rural area. The study revealed that, most of the rural

consumers are not aware of the product. The ‘corporate’ image is playing a very significant role in

popularizing the product in rural area.

Vikas Saraf, in his research on ‘Branding-Hub of the corporate wheel’ studied

the necessity of branding. The study reveals the changing basis for brand management and it also

revealed that, how to create brand image and brand loyalty. The author concludes that branding is

everything and Brands are not simply products or services. Brands are the sum totals of all the

images that people have in their heads about a particular company and a particular mark.

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1.7 RESEARCH METHODOLOGY

Definition of Research

Research methodology is a way to systematically solve the research problem. The

following are the contents in this part.

(a) Research design

(b) Sources of data collection

(c) Sampling procedure

(d) Tools for analysis

RESEARCH DESIGN

The research design is purely the framework or plan for a study guides the

collection and analysis of data. It is a strategy specifying which approach will be used for gathering

and analyse the data.

The research design used here is Descriptive research. Descriptive

research includes survey and fact of different kinds. The major purpose of Descriptive research is

description of affairs as it exists at present.

SOURCES OF DATA

Primary data

The primary data were collected using questionnaire method.

Secondary data

The secondary data were collected from the books and websites.

SAMPLING PROCEDURE

Sampling size

Sample sizes of 120 respondents were chosen among customers in Arvinth auto agency

at Tuticorin.

Page 13: UMA Project

Types of sampling

The type of sampling used in convenience sampling.

Statistical tool

The data collected was analysed with appropriate technique. The techniques used for

the analysis is:

Percentage Analysis

Chi-Square Test

Weighted Average Method

Percentage Analysis

The percentage analysis is used to calculate the present of the favourable

and unfavourable responses.

Percentage = (Number of Response/ Number of total Respondents)*100

Chi-Square Test

Chi- square (χ 2) =Σ (O-E) 2 / E

Where

O- Observed frequency

E- Expected frequency

An important characteristic of the chi-square is the de3grees of freedom. It is equal to the

product of number of rows less one and number of columns less one.

(i.e.) Degrees of freedom (n) = (R-1) (S-1)

R- Number of Rows.

S - Number of Column.

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Weighted Average Method

XW = Σxw/ Σw

Where

XW - Represent the Weighted arithmetic mean

X - Represents the variable

W -Represents the Weighted attached to the variable X

1.8 CHAPETERISATION

The project title is “A STUDY ON CUSTOMER PRODUCT PREFERENCE TOWARDS

HERO HONDA BIKES PURCHASE IN ARVINTH AUTO AGENCY AT TUTICORIN.

Chapter 1

It consists of introduction, statement of the problem, Objective of the study, and Scope of the

study, Limitations of the study, Review of literature, and Research Methodology.

Chapter 2

It consists of industry Profile and Company Profile of the Organization.

Chapter 3

It represents the Data Analysis and Interpretation.

Chapter 4

It consists of findings, Suggestions, and Conclusion.

Page 15: UMA Project

CHAPTER 2

2.1HISTORY OF TWO WHEELER

The motors on minibikes, scooters, and mopeds, or motorized

velocipedes, are usually air-cooled and range from 25 to 250 cubic cm (1.5 to 15 cubic inches) in

displacement; the multiple-cylinder motorcycles have displacements of more than 1,300 cubic cm.

The automobile was the reply to the 19th-century dream of self-propelling the horse-

drawn carriage. Similarly, the invention of the motorcycle created the self-propelled bicycle. The

first commercial design was a three-wheeler built by Edward Butler in Great Britain in 1884. This

employed a horizontal single-cylinder gasoline engine mounted between two steerable front wheels

and connected by a drive chain to the rear wheel.

The 1900s saw the conversion of many bicycles, or pedal cycles by adding small,

centrally mounted spark ignition engines. There was then felt the need for reliable constructions.

This led to road trial tests and competition between manufacturers. Tourist Trophy (TT) races were

held on the Isle of Man in 1907 as reliability or endurance races. Such were the proving ground for

many new ideas from early two-stroke-cycle designs to supercharged, multivalve engines mounted

on aerodynamic, carbon-fibre reinforced bodywork.

2.2 INDUSTRAY PROFILE

The Indian two wheeler market has a size of over Rs. 100,000 million The

Indian two wheeler segment contributes the largest volumes amongst all the segments in automobile

industry. Though the segment can be broadly categorized into 3 sub-segments viz; scooters,

motorcycles and mopeds; some categories introduced in the market are a combination of two or

more segments e.g. scooterettes and step throw’s.

The market primarily comprises five players in the two wheeler segment with most

of the companies having foreign collaborations with well-known Japanese firms earlier. But most of

the companies are now planning 100% subsidiaries in India. India is the second largest

manufacturer and producer of two-wheelers in the world. It stands next only to Japan and China in

terms of the number of two-wheelers produced and domestic sales respectively.

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This distinction was achieved due to variety of reasons like restrictive

policy followed by the Government of India towards the passenger car industry, rising demand for

personal transport, inefficiency in the public transportation system etc. The Indian two-wheeler

industry has come long way since its humble beginning in 1948 when Bajaj Auto started importing

and selling Vespa Scooters in India.

Majority of India`s middle‐class population use motorcycles as a

means of private transport. Traditionally, while motorcycles accounted for a large chunk of two‐

wheelers demand in the rest of Asia, scooters dominated the Indian two‐wheelers market. The

Indian two-wheeler industry made a small beginning in the early 50s when Automobile Products of

India (API) started manufacturing scooters in the country. Until 1958, API and Enfield were the

sole producers. Demand for motorcycles picked up gradually from 1994‐95, following the

introduction of 100 cc motorcycles, which are not only highly fuel‐efficient, but also safer.

The share of motorcycles in the total two ‐wheelers market

zoomed from 26.0% in 1990‐91 to 80% in 2009‐10. The motorcycles segment grew by 25% in

2009‐10, with domestic sales rising by 26% and exports increasing at 14% in 2009‐10. Strong rural

demand and lower base of 2008‐09 were the major drivers for demand growth in 2009‐10. Like

many other nations India highly developed transportation system has played a very important role in

the development of the country economy over the past to this day. Empowered by its present

growth, today the automobile industry in the country can produce a diverse range of vehicles under

three broad categories namely cars, two-wheelers and heavy vehicles. One can say that the

automobile industry in the country has occupied a solid space in the platform of Indian economy.

Furthermore, with increasing women working population, changing social philosophy and broad-

mindedness, the penetration of two-wheelers that is currently at abysmally low level is expected to

increase significantly going forward.

2.3 COMPANY PROFILE  

Hero Honda Motors Ltd. is the world's largest manufacturer of two – wheelers, based in

India.

The company is a joint venture between India's Hero Group and Honda Motor Company, Japan

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that began in 1984. In 2001, the company achieved the coveted position of being the largest two-

wheeler manufacturing company in India and the ‘World No.1’ two-wheeler company in terms of

unit volume sales in a calendar year by a single company. Hero Honda has retained that coveted

position till date.

Today, every second motorcycle sold in the country is a Hero Honda bike. Every 30

seconds, someone in India buys Hero Honda's top-selling motorcycle – Splendor.

VISION

The Hero Honda story began with a simple vision – the vision of a mobile and an

empowered India, powered by Hero Honda. This vision was driven by Hero Honda’s commitment

to customer, quality and excellence, and while doing so, maintaining the highest standards of ethics

and societal responsibilities.

STRATEGY

Hero Honda’s key strategy has been driven by innovation in every sphere of activity

– building a robust product portfolio across categories, exploring new markets, aggressively

expanding the network and continuing to invest in brand building activities.

MANUFACTURING

Hero Honda bikes are manufactured across three globally benchmarked

manufacturing facilities. Two of these are based at Gurgaon and Dharuhera which are located in the

state of Haryana in northern India. The third and the latest manufacturing plant is based at

Haridwar, in the hill state of Uttrakhand.

TECHNOLOGY

In the 1980’s Hero Honda pioneered the introduction of fuel-efficient,

environment friendly four-stroke motorcycles in the country. Today, Hero Honda continues to be

technology pioneer. It became the first company to launch the Fuel Injection (FI) technology in

Indian motorcycles, with the launch of the Glamour FI in June 2006.

PRODUCTS

Hero Honda's product range includes variety of motorcycles that have set the industry standards

across all the market segments. The company also started manufacturing scooter in 2006. Hero

Honda offers large no. of products and caters to wide variety of requirements across all the

segments.

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DISTRIBUTION

The Company’s growth in the two wheeler market in India is the result of an intrinsic

ability to increase reach in new geographies and growth markets. Hero Honda's extensive sales and

service network now spans close to 4500 customer touch points. These comprise a mix of

authorized dealerships, Service & Spare Parts outlets, and dealer-appointed outlets across the

country.

BRAND

The Company has been continuously investing in brand building utilizing not only the

new product launch and new campaign launch opportunities but also through innovative marketing

initiatives revolving around cricket, entertainment and ground- level activation.

Hero Honda has been actively promoting various sports such as hockey, cricket and golf.

Hero Honda was the title sponsor of the Hero Honda FIH Hockey World Cup that was played in

Delhi during Feb-March 2010. Hero Honda also partners the Commonwealth Games Delhi 2010.

QUALITY POLICY

Excellence in quality is the core value of Hero Honda's philosophy. We are committed at

all levels to achieve high quality in whatever we do, particularly in our products and services which

will meet and exceed customer’s growing aspirations through:

Innovation in products processes and services.

Continuous improvement in our total quality management systems.

Teamwork and responsibility.

RECENT PERFORMANCE OF TWO WHEELERS IN INDIA

Two-wheeler sales in the country have sky rocketed in the recent years and the annual sales

of motorcycles in India is expected to cross the 10 million mark by 2010.the low penetration of two-

wheelers in the country (31 two wheeler per 1000 citizens in 2005) leaves immense scope for the

growth of the market. Overall, the industry sales of two wheelers have grown by 15 % from 6.57

million in 2004/2005 to 7.57 million in 2006/2007.

The buoyant Indian Economy with a growth rate of around 8% per annum is further

expected to fuel the growth of two wheelers in the country. The share of motorcycle have increased

over the years ,while that of other two wheelers like geared scooterettes and mopeds have shown a

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negative growth or remained stagnant. The two-wheelers have penetrated 7% of rural households

and 24% of urban markets, thus leaving an immense scope for the4 market to grow.

2010-11 Performance

Total unit sales of 54,02,444 two-wheelers, growth of 17.44 per cent total net

operating income of Rs. 19401.15 Crores, growth of 22.32 per cent Net profit after tax at Rs.

1927.90 Crores.

2.4 SWOT ANALYSIS HERO HONDA

STRENGTHS

Huge brand equity/reputation among customers

Models/products in almost every bike segment

Healthy growth in profits

Brilliant relations with customers and dealers

Strong Resale Value

International Technology with international collaboration

Quality product for each category

Dedicated Human Resource

Awareness in the people

Highly competitive features

WEAKNESS

Hero is very much dependent on Honda

Low cash reserves due to massive dividend payouts

Very difficult to cop up if contract discontinues

Imports >31% of its spare parts requirements

OPPORTUNITIES

Bikes Segment is still a fast growing sector

150cc segment

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Exports market is yet to be properly exploited

Variants can be launched to increase the market share

Hero Honda is the most reliable bike manufacturer in India

Strong brand follower

THREATS

Executive segment

It will be a great threat for Hero is the collaboration breaks

All major bike makers in the world are lining up for India

future lies in the 150cc and 125cc markets

Low cash reserves

now dominated by Bajaj

Strong competition from Bajaj, Yamaha & TVS

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CHAPTER III

DATA ANALYSIS AND INTERPRETATION

3.1 AGE WISE CLASSIFICATION OF THE RESPONDENTS

Table 3.1 shows age -wise classification of the respondents.

TABLE 3.1

AGE WISE CLASSIFICATION OF THE RESPONDENTS

SI.NO AGE NUMBER OF

RESPONDENTS

PERCENTAGE

1 20-30 45 38

2 30-40 40 33

3 40-50 26 22

4 Above 50 9 7

Total 120 100

Source: primary Data

INFERENCE

The above table 3.1 shows that 38% of the respondents are in the age group of 20-30 years,

33% of the respondents are in the age group 30-40 years, 22% of the respondents are in the age

group 40-50 years, and 7% of the respondents are in the age group above 50.

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CHART 3.1

AGE WISE CLASSIFICATION OF THE RESPONDENTS

20-30 30-40 40-50 Above500

5

10

15

20

25

30

35

40 38

33

22

7

Age

perce

ntag

e

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3.2 EDUCATIONAL WISE CLASSIFICATION OF THE RESPONDENTS

Table 3.2 shows educational -wise classification of the respondents.

TABLE 3.2

EDUCATIONAL WISE CLASSIFICATION OF THE RESPONDENTS

SI.NO EDUCATIONAL

QUALIFACTION

NUMBER OF

RESPONDENTS

PERCENTAGE

1 S.S.L.C 23 19

2 Under graduate 26 22

3 Post graduation 32 26

4 Others 39 33

Total 120 100

Source: primary Data

INFERENCE

The above table 3.2shows that 33% of the respondents are others categories of education, 26%

of the respondents are post graduation, 22% of the respondents are under graduate,19% of the

respondents are s.s.l.c

CHART3.2

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EDUCATIONAL WISE CLASSIFICATION OF THE RESPONDENTS

3.3 OCCUAPTION WISE CLASSIFICATION OF THE RESPONDENTS

20-30 30-40 40-50 Above500

5

10

15

20

25

30

35

4038

33

22

7

Educational qualifaction

per

cent

age

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Table 3.3 shows occupation -wise classification of the respondents.

TABLE 3.3

OCCUPATION WISE CLASSIFICATION OF THE RESPONDENTS

SI.NO OCCUPATION NUMBER OF

RESPONDENTS

PERCENTAGE

1 Private 36 30

2 Government 26 22

3 Professional 19 16

4 Businessman 14 12

5 Student 5 4

6 Others 20 16

Total 120 100

Source: primary Data

INFERENCE

The above table3.3 shows that 30% of the respondents are private employee,22% of the

respondents are government employee,16% of the respondents are others and professional,12% of

the respondents are businessman,4% of the respondents are student.

CHART3.3

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OCCUPATION WISE CLASSIFICATION OF THE RESPONDENTS

Private Government Professional Businessman Student Others0

5

10

15

20

25

30

30

22

1612

4

16

OCCUPATION

perc

entag

e

3.4 MONTHLY INCOME OF THE RESPONDENTS

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Table 3.4 shows monthly income of the respondents.

TABLE 3.4

MONTHLY INCOME OF THE RESPONDENTS

Source: primary Data

INFERENCE

The above table 3.4 shows that 39% of the respondents salary was Rs 5000- 10000 per

month,36% of the respondents salary was Rs 10000-20000,19% of the respondents salary was

below 5000,6% of the respondents salary was above 20000.

SI.NO MONTHLY INCOME

OF THE FAMILY(IN

RS)

NUMBER OF

RESPONDENTS

PERCENTAGE

1 Below 5000 22 19

2 5000-10000 47 39

3 10000-20000 44 36

4 Above 20000 7 6

Total 120 100

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CHART3.4

MONTHLY INCOME OF THE RESPONDENTS

Below 5000 5000-10000 10000-20000 Above 200000

5

10

15

20

25

30

35

40

45

19

3936

6

monthly income

per

centag

e

Page 29: UMA Project

3.5 PRICE RANGE AFFORD BY THE RESPONDENTS

Table 3.5 shows price range afford by the respondents.

TABLE 3.5

PRICE RANGE AFFORD BY THE RESPONDENTS

SI.NO PRICE

RANGE(in Rs)

NUMBER OF

RESPONDENTS

PERCENTAGE

1 40000-50000 44 37

2 50000-60000 35 29

3 60000-70000 21 18

4 Above 70000 20 16

Total 120 100

Source: primary Data

INFERENCE

The above table3.5 shows that 37% of the respondents like the price range from Rs 40000-

50000,29% of the respondents like the price range from Rs50000-60000,18% of the respondents

like the price range from Rs60000-70000,16% of the respondents like the price range above

70000.

Page 30: UMA Project

CHART 3.5

PRICE RANGE AFFORD BY THE RESPONDENTS

40000-50000 50000-60000 60000-70000 Above 7000005

10152025303540

3729

18 16

price range

perce

ntage

Page 31: UMA Project

3.6 SOURCE OF INFORMATION ABOUT THE COMPANY

Table 3.6 shows source of information about the company

TABLE 3.6

SOURCE OF INFORMATION ABOUT THE COMPANY

SI.NO SOURCE NUMBER OF

RESPONDENTS

PERCENTAGE

1 Advertisements 25 21

2 Friends/Family 75 63

3 Past buying experience 18 15

4 Others 2 1

Total 120 100

Source: primary Data

INFERENCE

The above table3.6 shows that 63% of the respondents know about their product by

friends/family, 21% of the respondents know about their product by advertisements, 15% of the

respondents know about their product by past buying experience, 1% of the respondent know about

their product by others sources.

Page 32: UMA Project

CHART 3.6

SOURCE OF INFORMATION ABOUT THE COMPANY

Advertisements Friends/Family Past buying experience Others0

10

20

30

40

50

60

70

21

63

15

1

source of information

perc

entag

e

Page 33: UMA Project

3.7 REASONS FOR CHOOSING THE COMPANY

Table 3.7 shows reasons for choosing the company

TABLE 3.7

REASONS FOR CHOOSING THE COMPANY

SI.NO REASONS NUMBER OF

RESPONDENTS

PERCENTAGE

1 More models 18 15

2 Reasonable price 41 34

3 Goodwill/high quality 42 36

4 Good services 11 9

5 Others 8 6

Total 120 100

Source: primary Data

INFERENCE

The above table 3.7 shows that 36% of the respondents are choosing the company for

goodwill/high quality, 34% of the respondents are choosing the company for reasonable price,

15% of the respondents are choosing the company for more models, 9% of the respondents are

choosing the company for good services, 6% of the respondents are choosing the company for

other reasons.

Page 34: UMA Project

CHART 3.7

REASONS FOR CHOOSING THE COMPANY

More models Reasonable price Goodwill/high quality Good services0

5

10

15

20

25

30

35

40

15

34 36

9

Reasons

perce

ntage

Page 35: UMA Project

3.8 REASONS FOR CHOOSING THIS BRAND

Table3.8 shows reasons for choosing this brand

TABLE 3.8

REASONS FOR CHOOSING THIS BRAND

SI.N

O

REASONS NUMBER OF

RESPONDENT

S

PERCENTAGE

1 Brand name 22 18

2 Fuel Efficiency 56 47

3 Driving comfort 17 14

4 Resale value 13 11

5 Others 12 10

Total 120 100

Source: primary Data

INFERENCE

The above table3.8shows that 47% of the respondents are choosing the brand for fuel

efficiency,18% of the respondents are choosing the brand for brand name,14% of the respondents

are choosing the brand for driving comfort,11% of the respondents are choosing the brand for resale

value,10% of the respondents are choosing the brand for other reason.

Page 36: UMA Project

CHART 3.8

REASONS FOR CHOOSING THIS BRAND

Brand name Fuel Efficiency Driving comfort Resale value Others0

5

10

15

20

25

30

35

40

45

50

18

47

14 11 10

Reasons

perc

entag

e

Page 37: UMA Project

3.9 THE OFFER MOSTLY PREFERRED FOR BIKE

Table3.9 shows the offer mostly preferred for bike

TABLE 3.9

THE OFFER MOSTLY PREFERRED FOR BIKE

SI.NO OFFER NUMBER OF

RESPONDENTS

PERCENTAGE

1 Exchange offer 39 33

2 Prize coupons 40 33

3 Scratch guards 41 34

4 Tour bonanza - -

Total 120 100

Source: primary Data

INFERENCE

The above table 3.9 shows that 34% of the respondents preferred mostly for bike

Scratch guards, 33% of the respondents preferred bike in prize coupon and exchange offer.

Page 38: UMA Project

CHART 3.9

THE OFFER MOSTLY PREFERRED FOR BIKE

Exchange offer Prize coupons Scratch guards Tour bonanza0

5

10

15

20

25

30

35

33 33 34

0

offers

perce

ntage

Page 39: UMA Project

3.10 BRAND PREFERRED BY THE RESPONDENTS FOR THE CURRENT

PURCHASE

Table 3.10 shows the analysis of the respondents brand preference for their current purchase.

TABLE 3.10

BRAND PREFERREDBY THE RESPONDENTS FOR THE CURRENT

PURCHASE

SI.N

O

BRAND NAMES NUMBER OF

RESPONDENTS

PERCENTAGE

1 SPLENDER + 39 33

2 SUPER SPL 38 32

3 CBZ 23 19

4 PASSION PRO 12 10

5 SPLENDER PRO 8 6

Total 120 100

Source: primary Data

INFERENCE

The above table 3.10 shows that 33%of the respondents like splender+,32% of the respondents

like super spl,19% of the respondents like cbz,10% of the respondents like passion pro,6% of the

respondents like splender pro.

Page 40: UMA Project

CHART 3.10

BRAND PREFERRED BY THE RESPONDENTS FOR THE CURRENT

PURCHASE

SPLENDER + SUPER SPL CBZ PASSION PRO SPLENDER PRO0

5

10

15

20

25

30

35

33 32

19

106

Brand Name

perc

entag

e

Page 41: UMA Project

3.11 SATISFACTION WITH THE PRESENT BIKE

Table3.11shows satisfaction with the present bike of the respondents

TABLE 3.11

SATISFACTION WITH THE PRESENT BIKE

SI.NO SATFICATION

LEVEL

NUMBER OF

RESPONDENTS

PERCENTAGE

1 Highly satisfied 31 26

2 Satisfied 33 29

3 Neutral 34 28

4 Dissatisfied 17 14

5 Highly dissatisfied 5 3

Total 120 100

Source: primary Data

INFERENCE

The above table 3.11shows that 29% of the respondents are satisfied with present bike, 28% of

the respondents are neutral with present bike, 26% of the respondents are highly satisfied with

present bike, 14% of the respondents are dissatisfied with present bike, 3% of the respondents are

highly dissatisfied with present bike.

Page 42: UMA Project

CHART 3.11

SATISFACTION WITH THE PRESENT BIKE

Highly satisfied Satisfied Neutral Dissatisfied Highly dissatisfied0

5

10

15

20

25

30

2629 28

14

3

satisfaction level

perce

ntage

Page 43: UMA Project

3.12 RESPONDENTS OPINION REGARDING PRICE OF BIKE

Table 3.12 shows the respondent’s opinion regarding the price.

TABLE3.12

RESPONDENTS OPINION REGARDING PRICE OF BIKE

SI.NO OPINION NUMBER OF

RESPONDENTS

PERCENTAGE

1 High price 23 19

2 Moderate price 71 59

3 Cheap price 24 21

4 Low price 2 1

Total 120 100

Source: primary Data

INFERENCE

The above table 3.12shows that 59% of the respondent’s opinion regarding price of bike was

moderate, 21% of the respondents opinion regarding price of bike was cheap, 19% of the

respondents opinion regarding price of bike was high, 1% of the respondent opinion regarding price

of bike was low.

Page 44: UMA Project

CHART 3.12

RESPONDENTS OPINION REGARDING PRICE OF BIKE

High price Moderate price Cheap price Low price0

10

20

30

40

50

60

70

19

59

21

1

price

perce

ntage

Page 45: UMA Project

3.13 USAGE OF VEHILE OF THE RESPONDENTS

Table 3.13 shows the classification of the respondents according to their usage of vehicles.

TABLE 3.13

USAGE OF VEHILE OF THE RESPONDENTS

SI.NO USAGE OF VEHILE NUMBER OF

RESPONDENT

S

PERCENTAGE

1 1-6 Months 16 13

2 6 Months-1 Year 34 28

3 1 Year-2 Year 44 37

4 More than 2 Year 26 22

Total 120 100

Source: primary Data

INFERENCE

The above table3.13 shows that 37% of the respondents use the vehicle 1 year-2 year, 28% of

the respondents use the vehicle 6 months-1 year, 22% of the respondents use the vehicle more than

2 years, 13% of the respondents use the vehicle 1-6months.

Page 46: UMA Project

CHART 3.13

USAGE OF VEHILE OF THE RESPONDENTS

1-6 Months 6 Months-1 Year 1 Year-2 Year More than 2 Year0

5

10

15

20

25

30

35

40

13

28

37

22

Usage of vehile

Perce

ntage

Page 47: UMA Project

3.14 MAINTENANCE PROCEDURE ADOPT IN SERVICING VEHICLE

Table 3.14 shows the classification of the respondents according to their maintenance procedure.

TABLE3.14

MAINTENANCE PROCEDURE ADOPT IN SERVICING VEHICLE

SI.NO MAINTENANCE

PROCEDURE

NUMBER OF

RESPONDENTS

PERCENTAGE

1 Periodical 4 3

2 Monthly once 50 42

3 Once in 3 months 54 46

4 Once in 6 months 2 1

5 Only after a break down 10 8

Total 120 100

Source: primary Data

INFERENCE

The above table 3.14 shows that 46% of the respondents are servicing the vehicle once in 3

months, 42% of the respondents are servicing the vehicle monthly once, 8% of the respondents are

servicing the vehicle only after a break down, 3% of the respondents are servicing the vehicle

periodical, 1% of the respondent are servicing the vehicle once in 6 months.

Page 48: UMA Project

CHART 3.14

MAINTENANCE PROCEDURE ADOPT IN SERVICING VEHICLE

Periodical Monthly once Once in 3 months

Once in 6 months

Only after a break down

0

5

10

15

20

25

30

35

40

45

50

3

4246

18

Maintence procedure

Perc

entag

e

Page 49: UMA Project

3.15 SATISFACTION WITH THE SERVICE OF BIKE

Table3.15 shows satisfaction with the service of bike of the respondents

TABLE 3.15

SATISFACTION WITH THE SERVICE OF BIKE

SI.NO SATISFACTION LEVEL NUMBER OF

RESPONDENTS

PERCENTAGE

1 Highly satisfied 11 9

2 Satisfied 57 48

3 Neutral 46 39

4 Dissatisfied 4 3

5 Highly dissatisfied 2 1

Total 120 100

Source: primary Data

INFERENCE

The above table 3.15 shows that 48% of the respondents are satisfied with the service, 39% of

the respondents are neutral with the service,9% of the respondents are highly satisfied with the

service,3% of the respondents are dissatisfied with the service,1% of the respondent is highly

dissatisfied with the service.

Page 50: UMA Project

CHART 3.15

SATISFACTION WITH THE SERVICE OF BIKE

Highly satisfied Satisfied Neutral Dissatisfied Highly dissatisfied0

5

10

15

20

25

30

35

40

45

50

9

48

39

31

satifaction level

perce

ntage

Page 51: UMA Project

3.16 PREFERENCE OF THE CUSTOMER SERVICE CENTER

Table 3.16 shows the classification of the respondents according of the respondents according

to their preference of the customer service centre

TABLE 3.16

PREFERENCE OF THE CUSTOMER SERVICE CENTER

SI.NO SERVICE NUMBER OF

RESPONDENTS

PERCENTAGE

1 Authorized Dealers 68 57

2 Sub Dealers 39 33

3 Others 13 10

Total 120 100

Source: primary Data

INFERENCE

The above3.16 table shows that 57% of the respondents are preferred service in authorized

dealers only, 33% of the respondents are preferred service in sub dealers only, and 10% of the

respondents are preferred service from others.

Page 52: UMA Project

CHART 3.16

PREFERENCE OF THE CUSTOMER SERVICE CENTER

Authorized Dealers Sub Dealers Others0

10

20

30

40

50

60

57

33

10

service center

perc

enta

ge

Page 53: UMA Project

3.17RESPONDENTS OPINION REGARDING THE SERVICE

Table 3.17 shows the opinion of the respondents regarding the service of bike.

TABLE 3.17

RESPONDENTS OPINION REGARDING THE SERVICE

SI.NO OPINION NUMBER OF

RESPONDENTS

PERCENTAGE

1 Excellent 16 13

2 Good 65 54

3 Fair 32 27

4 Poor 7 6

Total 120 100

Source: primary Data

INFERENCE

The above table 3.17shows that 54% of the respondent’s opinion regarding the service is

good, 27% of the respondent’s opinion regarding the fair, 13% of the respondent’s opinion

regarding the service is excellent, 6% of the respondent’s opinion regarding the service is poor.

Page 54: UMA Project

CHART 3.17

RESPONDENTS OPINION REGARDING THE SERVICE

Excellent Good Fair Poor0

10

20

30

40

50

60

13

54

27

6

service

perce

ntage

Page 55: UMA Project

3.18 MILEAGE PROMISED BY THE DEALER

Table 3.18 shows the classification of the respondents according to their mileage

promised by the dealer

TABLE 3.18

MILEAGE PROMISED BY THE DEALER

SI.NO MILEAGE OF VEHICLE NUMBER OF

RESPONDENTS

PERCENTAGE

1 50 km\litre 10 8

2 51-60 km\litre 77 64

3 61-70 km\litre 31 26

4 70 and above 2 2

Total 120 100

Source: primary Data

INFERENCE

The above table 3.18 shows that 64% of the dealer’s are promised vehicle mileage must be 51-

60 km/litre, 26% of the dealer’s are promised vehicle mileage must be 61-70 km\litre,8% of the

dealer’s are promised vehicle mileage must be 50km\litre,2% of the dealer’s are promised vehicle

mileage must be 70 and above.

Page 56: UMA Project

CHART 3.18

MILEAGE PROMISED BY THE DEALER

50 km\litre51-60 km\litre

61-70 km\litre70 and above

0

10

20

30

40

50

60

70

8

64

26

2

mileage

Perc

entag

e

Page 57: UMA Project

3.19 ACTUAL MILEAGE OF THE VEHICLE

Table 3.19 shows the classification of the respondents according to their actual mileage of the

vehicle

TABLE 3.19

ACTUAL MILEAGE OF THE VEHICLE

SI.NO ACTUAL MILEAGE NUMBER OF

RESPONDENTS

PERCENTAGE

1 50 km\litre 27 23

2 51-60 km\litre 71 59

3 61-70 km\litre 20 17

4 70 and above 2 1

Total 120 100

Source: primary Data

INFERENCE

The above table 3.19 shows that 59% of the respondents yield actual mileage of the vehicle is

51-60 km\litre, 23% of the respondents yield actual mileage of the vehicle is 50k\litre,17% of the

respondents yield actual mileage of the vehicle is 61-70km\litre,1% of the respondents yield actual

mileage of the vehicle is 70 and above.

Page 58: UMA Project

CHART 3.19

ACTUAL MILEAGE OF THE VEHICLE

50 km\litre 51-60 km\litre 61-70 km\litre 70 and above0

10

20

30

40

50

60

23

59

17

1

mileage

perce

ntage

Page 59: UMA Project

3.20 USAGE OF THE VEHICLE

Table 3.20 shows the classification of the respondents according to their usage of the vehicle.

TABLE 3.20

USAGE OF THE VEHICLE

Source:

primary Data

INFERENCE

The above table 3.20 shows that 65% of the respondents use the vehicle daily,25%

of the respondents use the vehicle weekly once, 6% of the respondents use the vehicle very

often,3% of the respondents use the vehicle based on needs, 1% of the respondent use the

vehicle once in two days.

SI.NO USAGE OF VEHICLE NUMBER OF

RESPONDENTS

PERCENTAGE

1 Very often 7 6

2 Daily 76 65

3 Weekly Once 31 25

4 Once in two days 2 1

5 Based on needs 4 3

Total 120 100

Page 60: UMA Project

CHART 3.20

USAGE OF THE VEHICLE

Very often Daily Weekly Once Once in two days

Based on needs

0

10

20

30

40

50

60

70

6

65

25

1 3

Usage of vehile

Perc

entage

Page 61: UMA Project

3.21 SATISFACTION LEVEL TOWARDS MILEAGE

Table 3.21 shows the classification of the respondents according to their satisfaction level

towards mileage.

TABLE 3.21

SATISFACTION LEVEL TOWARDS MILEAGE

SI.NO SATISFACTION LEVEL NUMBER OF

RESPONDENTS

PERCENTAGE

1 Highly satisfied 9 8

2 Satisfied 85 70

3 Neutral 16 13

4 Dissatisfied 7 6

5 Highly dissatisfied 3 3

Total 120 100

Source: primary Data

INFERENCE

The above table 3.21 shows that 70% of the respondents are satisfied towardsmileage,13%

of the respondents are neutral towards mileage,8% of the respondents are highly satisfied towards

mileage,6% of the respondents are dissatisfied towards mileage 3% of the respondents are highly

dissatisfied with the mileage of vehicle.

Page 62: UMA Project

CHART 3.21

SATISFACTION LEVEL TOWARDS MILEAGE

Highly satisfied Satisfied Neutral Dissatisfied Highly dissatisfied0

10

20

30

40

50

60

70

8

70

136 3

satisfaction level

Perc

entage

Page 63: UMA Project

CHI-SQUARE ANALYSIS

TABLE3.22

RELATIONSHIPS BETWEEN CHOOSING THE BRAND NAME AND INCOME.

Null Hypothesis (H0 ): There is no relationships between choosing the brand name and income.

Alternative Hypothesis (H1 ): There is relationship between choosing the brand name and income.

The table below shows the results of a survey in which 120 respondents were categorized according

to the level of income and preference for brand.

Brand

Income

Brand name &

Fuel efficiency

Driving comfort Resale value &

Others

Total

Below5000 12 5 5 22

5000-10000 29 8 10 47

10000-20000 &

Above 20000

28 12 11 51

Total 69 25 26 120

CALCULATION

Observed frequency Expected frequency (O-E)2 Σ(O-E)2 / E

12 (22 × 69/120) = 12.7 0.422 0.33

Page 64: UMA Project

5 (22× 25/120 ) = 4.6 0.173 0.04

5 (22× 26/120 ) = 4.8 0.054 0.012

29 (69 × 47/120 ) = 2.8 3.9 0.144

8 (25 × 47/120 ) = 9.8 3.2 0.326

10 (26 × 47/120) = 10.2 0.03 0.003

28 (69 × 51/120) = 29.3 1.75 0.059

12 (25 × 51/120) = 10.6 1.89 0.178

11 (26 × 51/120) =11.1 15.6 1.412

Σ(O-E)2 / E= 2.21

Degrees of freedom=(R-1) (S-1)

=(3-1)(3-1)=4

The table value of (χ 2) for 4 degrees of freedom at 5% level of significance is 11.07.

Hence the table value of χ 2 .05 ¿ calculated value of (χ 2)

INFERENCE

Hence the null hypothesis is accepted and there is no relationship between choosing the brand name

and income.

Page 65: UMA Project

TABLE 3.23

RELATIONSHIPS BETWEEN PRICE RANGE AND THE LEVEL OF SATISFACTION.

Null Hypothesis (H0 ): There is no relationships between price range and the level of satisfaction.

Alternative Hypothesis (H1 ): There is relationship between price range and the level of satisfaction.

The table below shows the results of a survey in which 120 respondents were categorized according

to price range and the level of satisfaction towards bike.

Satisfaction

level

price range

Highly satisfied

and satisfied

Neutral, dissatisfied

and highly dissatisfied

Total

40000-50000

and50000-60000

64 23 87

60000-70000 and

Above 70000

16 17 33

Total 80 40 120

CALCULATION

Observed frequency Expected frequency (O-E)2 Σ(O-E)2 / E

64 (87 × 80/120) = 58 36 0.56

Page 66: UMA Project

23 (87 × 40 /120 ) = 29 36 1.56

16 (80 × 33 /120 ) = 22 36 2.25

17 (40 × 33 /120 ) = 11 36 2.2

Σ(O-E)2 / E= 6.57

Degrees of freedom=(R-1) (S-1)

= (2-1)(2-1)

= 1

The table value of (χ 2) for 1 degrees of freedom at 5% level of significance is 3.841.

Hence table value of χ 2 .05 ¿ calculated value of (χ 2) .

INFERENCE

Hence the null hypothesis is rejected(H0). Accepted alternative hypothesis (H1). There is

relationship between price range and the level of satisfaction.

Page 67: UMA Project

TABLE 3.24

WEIGHTED AVERAGE METHOD

Ranking the factors for choosing the brand.

Reason for

choosing

the brand

I II III IV V Weighted

average

Rank

Brand name 66×5=330 24×4=96 18×3=54 9×2=18 3×1=3 501/120

=4.2

I

Better look

& style

14×5=70 69×4=276 18×3=54 14×2=28 5×1=5 433/120

=3.61

IV

Good

mileage

45×5=225 24×4=96 21×3=63 18×2=36 12×1=12 432/120

=3.6

V

Good

pickup &

speed

19×5=96 55×4=220 14×3=42 16×2=32 16×1=16 406/120

=3.4

VI

Good after

sales

services

44×5=220 37×4=148 12×3=36 11×2=22 16×1=16 442/120

=3.7

III

Price 23×5=115 35×4=140 19×3=57 7×2=14 36×1=36 362/120

=3

VII

Page 68: UMA Project

New

models

51×5=255 28×4=112 12×3=36 19×2=38 10×1=10 451/120

=3.8

II

INFERENCE

The above table shows the customer rating of various factors as the purpose of product preference.

According to their customers is ranked using the Weighted Average Method .The “Brand name” is

ranked first as the reasons for choosing the brand and “Price” is ranked at last.

CHAPTER 4

FINDINGS, SUGGESTIONS AND CONCLUSION

4.1 FINDINGS

38% of the respondents are in the age group of 20-30 years.

33% of the respondents are others categories of education.

30% of the respondents are private employee.

39% of the respondents salary was Rs 5000- 10000 per month.

37% of the respondents like the price range from Rs 40000-50000.

63% of the respondents know about their product by friends/family.

36% of the respondents are choosing the company for goodwill/high quality.

47% of the respondents are choosing the brand for fuel efficiency.

34% of the respondents preferred mostly for bike Scratch guards.

33%of the respondents like splender+.

29% of the respondents are satisfied with present bike.

59% of the respondent’s opinion regarding price of bike was moderate.

37% of the respondents use the vehicle 1 year-2 year.

46% of the respondents are servicing the vehicle once in 3 months.

48% of the respondents are satisfied with the service.

57% of the respondents are preferred service in authorized dealers only.

54% of the respondent’s opinion regarding the service is good.

64% of the dealer’s are promised vehicle mileage must be 51-60 km/litre.

59% of the respondents yield actual mileage of the vehicle is 51-60 km\litre.

Page 69: UMA Project

65% of the respondents use the vehicle daily.

70% of the respondents are satisfied towards mileage.

4.2SUGGESTIONS

The sales promotion offers are not impressive. Hence, the company should work towards

providing more sales promotion offers to attract the customers. The customers are not with

the price level, so they can better consider the price levels.

Factors like goodwill/high quality and special features are admired the respondents, hence

this feature has to be continued.

Most of the respondents like the brand splender+, so it’s suggested that the Dealer’s use the

advertisements tactics to that induce the people to prefer other brand too.

Providing prober awareness to the customers to servicing the vehicle at least once in 2

months.

Some standard should be maintained in their services to make the customers well satisfied.

Page 70: UMA Project