Study consumer buying behaviour Hyderabad

A Project Report on
A Study on CONSUMER BUYING BEHAVIOUR

at
HYDERABAD
A Project Report submitted to JNTUH in partial fulfillment of the

requirement for the award of the degree of
MASTER OF BUSINESS ADMINISTRATION

By
VIKRANT
REGD.No.10311E0004
Under the guidance of
Mr.
DEPARTMENT OF MANAGEMENT STUDIES

Sreenidhi Institute of Science & Technology
Approved by A.I.C.T.E, New Delhi, Accredited by NBA,
Affiliated to JNT University, Hyderabad
Hyderabad 500082.
CERTIFICATE
This is to certify that the project report titled A Study on

Performance appraisal system carried out in IVRCL Limited,
Hyderabad is being submitted by K.Srujana (10311E0038), in
partial fulfillment for the award of Master of Business
Administration
to
the
Jawaharlal
Nehru
Technological
University, is a record of confide work carried out by her under my

guidance and supervision. The results embodied in this thesis have
not been submitted to any other University or Institute for the
award of any Degree or Diploma.
Project guide:
Head of the Department/Director
Mr.
Dr.Y.SATHYANARAYANA
Asst.Professor
SMS,SNIST
DECLARATION
I hereby declare that this Project Report entitled A Study on

Consumer buying behaviour at infrastructures and projects
limited; HYDERABAD is a bonafied work done by me for the
award of degree of Master of Business Administration submitted
to JNT University, Hyderabad. The results embodied in this thesis
have not been submitted to any other University or Institution for
the award of any Degree/Diploma Certificate or Published any time
before.
Place:
Date
(vikrant)
ACKNOWLEDGEMENT
I am thankful to Mr. M.Lenin Babu M.B.A, Asst.Professor for being my

project guide..
My profound thanks to Dr.Y.Satyanarayana, , Director, SMS , Sreenidhi
Institute of Science & Technology, who was patient in giving direction to my
project in his capacity.
I would like to thank
IVRCL, HYDERABAD for giving me an
opportunity to undergo an project in their esteemed organization.

I express my sincere gratitude to Mr.P.RAMESH (Manager HR &
Admn) and other personnel staff for guiding and encouraging me to the
completion of project on time.
I am thankful Dr.V.Vasudeva Rao, Principal and Dr.P.Narasimha

Reddy, Director of Sreenidhi Institute of Science & Technology, for making it
convenient to under take a project work.
(VIKRANT)
INDEX
TOPIC
PAGE NO
CHAPTER 1
INDUSTRY PROFILE
COMPANY PROFILE
INTRODUCTION TO
CONSUMER BEHAVIOUR
CHAPTER 2
OBJECTIVES OF THE STUDY
NEED & SCOPE OF THE STUDY
RESEARCH METHODOLOGY
DATA ANALYSIS
DATA SOURCE
CHAPTER 3
DATA ANALYSIS &
INTERPRETATION
CHAPTER 4
FINDINGS
SUGGESTIONS
ANNEXURE
BIBLIOGRAPHY
Chapter-1
INDUSTRY PROFILE
Automobile industry in India

The automobile industry in India is the ninth largest in the world with an annual
production of over 2.3 million units in 2008 In 2009, India emerged as Asia's fourth
largest exporter of automobiles, behind Japan, South Korea and Thailand.
Following economic liberalization in India in 1991, the Indian automotive industry has
demonstrated sustained growth as a result of increased competitiveness and relaxed
restrictions. Several Indian automobile manufacturers such as Tata Motors, Maruti Suzuki
and Mahindra and Mahindra, expanded their domestic and international operations.
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India's robust economic growth led to the further expansion of its domestic automobile
market which attracted significant India-specific investment by multinational automobile
manufacturers. In February 2009, monthly sales of passenger cars in India exceeded
100,000 units.
bryonic automotive industry emerged in India in the 1940s. Following the independence,
in 1947, the Government of India and the private sector launched efforts to create an
automotive component manufacturing industry to supply to the automobile industry.
However, the growth was relatively slow in the 1950s and 1960s due to nationalization
and the license raj which hampered the Indian private sector. After 1970, the automotive
industry started to grow, but the growth was mainly driven by tractors, commercial
vehicles and scooters. Cars were still a major luxury. Japanese manufacturers entered the
Indian market ultimately leading to the establishment of Maruti Udyog. A number of
foreign firms initiated joint ventures with Indian companies.
In the 1980s, a number of Japanese manufacturers launched joint-ventures for building
motorcycles and light commercial-vehicles. It was at this time that the Indian government
chose Suzuki for its joint-venture to manufacture small cars. Following the economic
liberalization in 1991 and the gradual weakening of the license raj, a number of Indian
and multi-national car companies launched operations. Since then, automotive component
and automobile manufacturing growth has accelerated to meet domestic and export
demands.
HISTORY OF THE TWO WHEELERS:
The Britannica Encyclopedia a motorcycle as a bike or tricycle propelled by an
internal combustion engine (or, less often by an electric engine). The automobile was
the reply to the 19th century reams of self-propelling the horse-drawn bikeriage.
Similarly, the invention of the motorcycle created the self propelling bicycle. The first
commercial design was three-wheeler built by Edward Butler in Great Britain in 1884.
This employed a horizontal single-cylinder gasoline engine mounted between two steer
able 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 engine engines. There was then felt the need for reliable constructions. This led
to road trial tests and competition between manufacturers. Tourist Trophy (TT) races
8
were held on the Isle of main in 1907 as reliability or endurance races. Such were the
proving ground for many new ideas from early two-stroke-cycle designs to supercharged
multivalent engines mounted on aerodynamic, bikebon fiber reinforced bodywork.
INVENTION OF TWO WHEELERS:
The invention of two wheelers is a much-debated issue. Who invented the first
motorcycle? May seem like a simple question, safety, bicycle, i.e., bicycle with front
and rear wheels of the same size, with a pedal crank mechanism to drive the rear wheel.
Those bicycles in turn described from high-wheel bicycles.
The high wheelers
descended from an early type of pushbike, without pedals, propelled by the riders feet
pushing against the ground. These appeared around 1800, used iron banded wagon
wheels, and were called bone-crushers, both for their jarring ride, and their tendency to
toss their riders. Gottiieb Daimler (who credited with the building the first motorcycle in
1885, one wheel in the front and one in the back, although it had a smaller spring-loaded
outrigger wheel on each side. It was constructed mostly of wood, the wheels were of the
iron-banded wooden-spooked wagon-type and it definitely had a bone-crusher chassis!
FURTHER DEVELOPMENTS:
Most of the developments during the early phase concentrated on three and fourwheeled design since it was complex enough to get the machines running with out having
to worry about them falling over.
The next notable two-wheeler though was the
Hildebrand & Wolf Mueller, patented in Munich in 1894. In 1895, the French firm of
DeDion-button built and engine that was to make the mass production and common use
of motorcycle possible. The first motorcycle with electric start and a fully modem
electrical system; the Hence special from the Indian Motorcycle Company astounded the
industry in 1931. Before World War 1, IMC was the largest motorcycle manufacturer in
the world producing over 20000 bikes per year.
INCREASING POPULARITY:
The popularity of the vehicle grew especially after 1910, in 1916; the Indian
motorcycle company introduced the model H racer, and placed it on sale. During World
War 1, all branches of the armed forces in Europe used motorcycles principally for
9
dispatching. After the war, it enjoyed a sport vogue until the Great Depression began in
motorcycles lasted into the late 20th century; weight the vehicle being used for high-speed
touring and sport competitions. The more sophisticated of a 125cc model. Since then, an
increasing number of powerful bikes have blazed the roads.
HISTORICAL INDUSTRY DEVELOPMENTS:
Indian is the second largest manufacturer and producer to two wheelers in the
World. It stands next only to Japan and China in terms of the number of V produced and
domestic sales respectively. This destination was achieved due to variety of reason like
restrictive policy followed by the government of India towards the passenger bike
industry, rising demand for personal transport, inefficiency in the public transportation
system etc. The Indian two-wheelers 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.
The two wheelers market was opened were opened to foreign competition in the
mid-80s. And the then market leaders-Escorts and Enfield were caught unaware by the
onslaught of the 100cc bikes of the four Indo- Japanese joint ventures.
With the
availability of fuel-efficiency low power bikes, demand swelled, resulting in Hero Honda
then the only producer of four stroke bikes (100cc category), gaining a top slot.
The first Japanese motorcycles were introduced in the early eighties. TVS Suzuki
and Hero Honda brought in the first two-stroke and four-stroke engine motorcycles
respectively. These two players initially started with assembly of CKD Kits, and later on
progressed to indigenous manufacturing.
The industry had a smooth ride in the 50s, 60s and 70s when government
prohibited new entries and strictly controlled capacity expansion. The industry saw a
sudden growth in the 80s. The industry witnessed a steady of 14% leading to a peak
volume of 1.9 mn vehicles in 1990.
In 1990 the entire automobile industry saw a drastic fall in demand. This resulted
in a decline of 15% in 1991 and 8% in 1992, resulting in a production loss of 0.4mn
vehicles. Barring Hero Honda, all the major producers suffered from recession in FY93
and FY94. Hero Honda showed a marginal decline in 1992.
10
The reason for recession in the sector were the incessant rise in fuel prices, high
input costs and reduced purchasing power due to significant like increased production in
1992, due to new entrants coupled with recession in the industry resulted in companies
either reporting losses or a fall in profits.
CONCLUSION:
The two-wheelers market has had a perceptible shift from a buyers market to a
sellers market with a variety of choice, players will have compete on various fronts viz.
pricing, technology product design, productivity after sale service, marketing and
distribution. In the short term, market shares of individual manufacturers are going to be
sensitive to capacity, product acceptance, pricing and competitive pressures from other
manufacturers.
As incomes grow and people grow and people feel the need to own a private means
of transport, sales of two-wheelers will rise. Penetration is expected to increase to
approximately to more than 25% by 2005.
The motorcycle segment will continue to lead the demand for two-wheelers in the
coming years. Motorcycle sale is expected to increase by 20% yoy as compared to 1%
growth in the scooter market and 3% by moped sales respectively for the next two years.
The four-stroke scooters will add new dimension to the two-wheeler segment in the
coming future.
The Asian continent is that largest user of the two-wheelers in the world. This is due to
poor road infrastructure and low per capita income, restrictive policy on bike industry.
This is due to oligopoly between top five players in the segment, compared to thirsty
manufacturers in the bike industry.
Hero Honda motors LTd., is one of the leading companies in the two-wheeler
industry. At present it is the market leader in the motorcycle segment with around 47%
the market share during FY 2000 01. During the year, company posted a 41.15% yoy
rise in turnover to Rs.31, 686.5mn in motorcycles which driven by a 35.17% yoy rise in
Motorcycle sales volumes. The company has emerged as one of the most successful
players, much ahead of its competitions an account of its superior and reliable product
quality complemented with excellent marketing techniques. The company has been
consistently addressing the growing demand for motorcycles and has been cumulative
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customer base of over 4 million customers, which is expected to reach 5min mark with
rural and semi-urban segment being the new class of consumers.
COMPANY PROFILE
Hero MotoCorp Ltd. (Formerly Hero Honda Motors Ltd.) is the world's largest
manufacturer of two - wheelers, based in India.
In 2001, the company achieved the coveted position of being the largest two-wheeler
manufacturing company in India and also, the 'World No.1' two-wheeler company in
terms of unit volume sales in a calendar year. Hero MotoCorp Ltd. continues to maintain
this 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 Hondas
commitment to customer, quality and excellence, and while doing so, maintaining the
highest standards of ethics and societal responsibilities. Hero Honda believes that the
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fastest way to turn that dream into a reality is by remaining focused on that vision.
Strategy
Hero Hondas 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 1980s 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.
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 dealerappointed outlets across the country.
Brand
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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.
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
Total dividend of 5250% or Rs. 105 per share including Interin Dividend of Rs. 70 per
share on face value of each share of Rs. 2 each
EBIDTA margin for the year 13.49 per cent
EPS of Rs. 96.54
2009-10 Performance
Total unit sales of 46,00,130 two-wheelers, growth of 23.6 per cent
Total net operating income of Rs. 15860.51 Crores, growth of 28.1 per cent
Net profit after tax at Rs. 2231.83 Crores, growth of 74.1 per cent
Final dividend of 1500% or Rs. 30 per share on face value of each share of Rs. 2
EBIDTA margin for the year 17.4 per cent
EPS of Rs. 111.77, growth of 74.1 per cent
HERO HONDA'S MISSION
Hero Hondas mission is to strive for synergy between technology, systems and human
resources, to produce products and services that meet the quality, performance and price
aspirations of its customers. At the same time maintain the highest standards of ethics and
social responsibilities.
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This mission is what drives Hero Honda to new heights in excellence and helps the
organization forge a unique and mutually beneficial relationship with all its stake holders.
HERO HONDA'S MANDATE
Hero Honda is a world leader because of its excellent manpower, proven management,
extensive dealer network, efficient supply chain and world-class products with cutting
edge technology from Honda Motor Company, Japan. The teamwork and commitment are
manifested in the highest level of customer satisfaction, and this goes a long way towards
reinforcing its leadership status
BOARD OF DIRECTORS
No.
Name of the Directors
Designation
Mr. Brijmohan Lall Munjal
Chairman & Whole-time Director
Mr. Pawan Munjal
Managing Director & C.E.O.
Mr. Toshiaki Nakagawa
Joint Managing Director
Mr. Sumihisa Fukuda
Technical Director
Mr. Sunil Kant Munjal
Non-Executive Director
Mr. Suman Kant Munjal
Mr. Takashi Nagai
Mr. Yuji Shiga
Mr. Pradeep Dinodia
Non-executive & Independent

Director
10
Gen. (Retd.) V. P. Malik

Director
11
Mr. Analjit Singh

Director
12
Dr. Pritam Singh

Director
13
Ms. Shobhana Bhartia

Director
14.
Mr. M. Damodaran

Director
15.
Mr. Ravi Nath

Director
16.
Dr. Anand C. Burman

15
Director
BRIEF PROFILE OF DIRECTORS

MR. BRIJMOHAN LALL MUNJAL
Mr. Brijmohan Lall Munjal is the founder Director and Chairman of the Company and
the $ 3.2 billion Hero Group. He is the Past President of Confederation of Indian Industry
(CII), Society of Indian Automobile Manufacturers (SIAM) and was a Member of the
Board of the Country's Central Bank (Reserve Bank of India). In recognition of his
contribution to industry, Mr. Munjal was conferred the Padma Bhushan Award by the
Union Government.
Mr. Brijmohan Lall Munjal is currently on the board of the following companies:
No. Name of Company
Nature of Office
Hero Honda Motors Limited
Chairman and Whole-time Director
Hero Honda Finlease Limited
Chairman and Director
Munjal Showa Limited
Chairman and Director
Easy Bill Limited
Director
Rockman Industries Limited
Director
Shivam Autotech Limited
Director
KEY MILESTONES OF HERO HONDA

Year
Event
1983 Joint Collaboration Agreement with Honda Motor Co. Ltd. Japan signed
Shareholders Agreement signed
1984
Hero Honda Motors Ltd. Incorporated
1985 First motorcycle "CD 100" rolled out
1987 100,000th motorcycle produced
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1989 New motorcycle model - "Sleek" introduced

1991 New motorcycle model - "CD 100 SS" introduced
500,000th motorcycle produced
1992 Raman Munjal Vidya Mandir inaugurated - A School in the memory of founder
Managing Director, Mr. Raman Kant Munjal
1994 New motorcycle model - "Splendor" introduced
1,000,000th motorcycle produced
1997 New motorcycle model - "Street" introduced
Hero Honda's 2nd manufacturing plant at Gurgaon inaugurated
1998 2,000,000th motorcycle produced
1999 New motorcycle model - "CBZ" introduced
Environment Management System of Dharuhera Plant certified with ISO-14001
by DNV Holland
Raman Munjal Memorial Hospital inaugurated - A Hospital in the memory of
founder Managing Director, Mr. Raman Kant Munjal
2000 4,000,000th motorcycle produced
Environment Management System of Gurgaon Plant certified ISO-14001 by DNV
Holland
Splendor declared 'World No. 1' - largest selling single two-wheeler model
"Hero Honda Passport Programme" - CRM Programme launched
2001 New motorcycle model - "Passion" introduced
One million production in one single year
New motorcycle model - "Joy" introduced
5,000,000th motorcycle produced
2002 New motorcycle model - "Dawn" introduced
New motorcycle model - "Ambition" introduced
Appointed Virender Sehwag, Mohammad Kaif, Yuvraj Singh, Harbhajan Singh
and Zaheer Khan as Brand Ambassadors
2003 Becomes the first Indian Company to cross the cumulative 7 million sales mark
Splendor has emerged as the World's largest selling model for the third calendar
year in a row(2000, 2001, 2002)
New motorcycle model - "CD Dawn" introduced
New motorcycle model - "Splendor +" introduced
New motorcycle model - "Passion Plus" introduced
17
New motorcycle model - "Karizma" introduced

2004 New motorcycle model - "Ambition 135" introduced
Hero Honda became the World No. 1 Company for the third consecutive year.
Crossed sales of over 2 million units in a single year, a global record.
Splendor - World's largest selling motorcycle crossed the 5 million mark
New motorcycle model - "CBZ*" introduced
Joint Technical Agreement renewed
Total sales crossed a record of 10 million motorcycles
2005 Hero Honda is the World No. 1 for the 4th year in a row
New motorcycle model - "Super Splendor" introduced
New motorcycle model - "CD Deluxe" introduced
New motorcycle model - "Glamour" introduced
New motorcycle model - "Achiever" introduced
First Scooter model from Hero Honda - "Pleasure" introduced
15 million production milestone achieved
New 'Splendor NXG' launched
New 'CD Deluxe' launched
New 'Passion Plus' launched
New motorcycle model 'Hunk' launched
2008 Hero Honda Haridwar Plant inauguration
New 'Pleasure' launched
Splendor NXG lauched with power start feature
New motorcycle model 'Passion Pro' launched
New 'CBZ Xtreme' launched
CD Deluxe lauched with power start feature
New 'Glamour' launched
18
2009
Hunk' (Limited Edition) launched
Splendor completed 11 million production landmark
2010
New motorcycle model 'Karizma - ZMR' launched

Silver jubilee celebrations
2011
New model Splendor Pro launched

Launch of new Super Splendor and New Hunk
New licensing arrangement signed between Hero and Honda
Launch of new refreshed versions of Glamour, Glamour FI, CBZ Xtreme,
Karizma
Crosses the landmark figure of 5 million cumulative sales in a single year
PROMINENT AWARDS TO THE COMPANY

Yea Awards & Recognitions
r
Two-wheeler Manufacturer of the Year award by Bike India magazine.
Adjudged the "Bike Manufacturer of the Year" at the Economic Times ZigWheels
Car and Bike Awards.
- CNBC Awaaz - Storyboard special commendation for "Effective rebranding of
a new corporate entity" by CNBC Awaaz Consumer Awards
- "Most Recommended Two-Wheeler Brand of the Year" award by CNBC
Awaaz Consumer Awards
- Colloquy Loyalty Awards "Innovation in Loyalty Marketing International
2011" for Hero GoodLife
- "Best Activity Generating Short or Long-Term Brand Loyalty" by the
Promotion Marketing Award of Asia Order of Merit for Hero GoodLife
201 - Ranked No 1 brand in the Auto (Two-Wheelers) category in the Brand Equity
"Most Trusted Brand" 2011 survey
0
2011
Company of the Year awarded by Economic Times Awards for Corporate

Excellence 2008-09.
CNBC TV18 Overdrive Awards 2010 'Hall of Fame' to Splendor
NDTV Profit Car & Bike Awards 2010
Two-wheeler Manufacturer of the Year

19
CnB Viewers' Choice Two-wheeler of the Year (Karizma ZMR)
Bike Maker of the Year by ET-ZigWheels Car & Bike of the Year Awards 2009
200 'Two-wheeler Manufacturer of the Year' by NDTV Profit Car & Bike Awards
9
2009 and Passion Pro adjudged as CNB Viewers' Choice two-wheeler

Top Indian Company under the 'Automobile - Two-wheelers' sector by the Dun &
Bradstreet-Rolta Corporate Awards
Won Gold in the Reader's Digest Trusted Brand 2009 in the 'Motorcycles'
category
NDTV Profit Business Leadership Awards 2009 - two-wheeler category
200 NDTV Profit Business Leadership Award 2008 - Hero Honda Wins the Coveted
8
"NDTV Profit Business Leadership Award 2008"

TopGear Design Awards 2008 - Hunk Bike of the Year Award
NDTV Profit Car India & Bike India Awards - NDTV Viewers Choice
Award to Hunk in Bike category
IndiaTimes Mindscape and Savile Row ( A Forbes Group Venture ) Loyalty
Awards - Customer and Brand Loyalty Award in Automobile (two-wheeler)
sector
Asian Retail Congress Award for Retail Excellence (Strategies and Solutions of
business innovation and transformation) - Best Customer Loyalty Program in
Automobile category
NDTV Profit Car India & Bike India Awards - Bike Manufacturer of the year
Overdrive Magazine - Bike Manufacturer of the year
TNS Voice of the Customer Awards:
No.1 executive motorcycle Splendor NXG
No.1 standard motorcycle CD Deluxe
No. premium motorcycle CBZ Xtreme
200 The NDTV Profit Car India & Bike India Awards 2007 in the following category:
7
Overall "Bike of the Year" - CBZ X-treme
20
"Bike of the Year" - CBZ X-treme (up to 150 cc category)
"Bike Technology of the Year" - Glamout PGM FI
"Auto Tech of the Year" - Glamout PGM FI by Overdrive Magazine.

"Bike of the Year" - CBZ X-treme by Overdrive Magazine.
Ranked CBZ X-treme "Bike of the Year" - by B S Motoring Magazine
Most Trusted Company , by TNS Voice of the Customer Awards 2006.
CD Deluxe rated as "No 1 standard motorcycle" by TNS Voice of the Customer
Awards 2006.
200 Adjudged 7th Top Indian Company by Wallstreet Journal Asia (Top Indian Two
6
Wheeler Company).
One of the 8 Indian companies to enter the Forbes top 200 list of worlds most
reputed companies.
No. 1 in automobile industry by TNS Corporate Social Responsibility Award.
Best in its class awards for each category by TNS Total Customer Satisfaction
Awards 2006:
Splendor Plus (Executive)
CD Deluxe (Entry)
Pleasure (Gearless Scooters)
Splendor & Passion - Top two models in two wheeler category by ET Brand
Equity Survey 2006.
Adjudged 7th Top Indian Company by Wallstreet Journal Asia (Top Indian Two
Wheeler Company).
21
Top Indian company in the Automobile - Two Wheeler sector by Dun & Bradstreet
- American Express Corporate Awards 2006.
Hero Honda Splendor rated as India's most preferred two-wheeler brand at the
Awaaz Consumer Awards 2006.
Certificate of Export Excellence for outstanding export performance during 200304 for two-wheeler & three- wheelers - Complete (Non SSI) by Engineering
Export Promotion Council.
The NDTV Profit Car India & Bike India Awards 2006 in the following category:
Bike Maker of the Year
Bike of the Year - Achiever
Bike of the Year - Achiever (up to 150 cc category)
Bike of the Year - Glamour (up to 125 cc category)
NDTV Viewers' Choice Award to Glamour in the bike category
CORPORATE SOCIAL RESPONSIBILITY (CSR)

STAKEHOLDER TIES AT THE GRASSROOTS
Hero Honda Motors takes considerable pride in its stakeholder relationships, especially
ones developed at the grassroots. The Company believes it has managed to bring an
economically and socially backward region in Dharuhera, Haryana, into the national
economic mainstream.
An Integrated Rural Development Centre has been set up on 40 acres of land along the
Delhi-Jaipur Highway. The Centre-complete with wide approach roads, clean water, and
education facilities for both adults and children-now nurtures a vibrant, educated and
healthy community.
22
The Foundation has adopted various villages located within vicinity of the Hero Honda
factory at Dharuhera for integrated rural development. This includes:
Installation of deep bore hand pumps to provide clean drinking water.
Constructing metalled roads and connecting these villages to the National

Highway (NH -8).
Renovating primary school buildings and providing hygienic water and toilet
facilities.
Ensuring a proper drainage system at each of these villages to prevent waterlogging.
Promoting non-conventional sources of energy by providing a 50 per cent subsidy

on biogas plants.
The Raman Munjal Vidya Mandir began with three classes (up to class II) and 55
students from nearby areas. It has now grown into a modern Senior Secondary, CBSE
affiliated co-educational school with over 1200 students and 61 teachers. The school has a
spacious playground, an ultra-modern laboratory, a well-equipped audio visual room, an
activity room, a well-stocked library and a computer centre.
The Raman Munjal Sports Complex has basketball courts, volleyball courts, and
hockey and football grounds are used by the local villagers. In the near future, sports
academies are planned for volley ball and basket ball, in collaboration with National
Sports Authority of India.
Vocational Training Centre

In order to help local rural people, especially women, Hero Honda has set up a Vocational
Training Centre. So far 26 batches comprising of nearly 625 women have been trained in
tailoring, embroidery and knitting. The Company has helped women trained at this centre
to set up a production unit to stitch uniforms for Hero Honda employees. Interestingly,
most of the women are now self-employed.
23
Adult Literacy Mission

This Scheme was launched on 21st September, 1999, covering the nearby villages of
Malpura, Kapriwas and Sidhrawali. The project started with a modest enrolment of 36
adults. Hero Honda is now in the process of imparting Adult Literacy Capsules to another
100 adults by getting village heads and other prominent villagers to motivate illiterate
adults.
Marriages of underprivileged girls
Marriages are organized from time to time, particularly for girls from backward classes,
by the Foundation by providing financial help and other support to the families.
Rural Health Care
Besides setting up a modern hospital, the Foundation also regularly provides doorstep
health care services to the local community. Free health care and medical camps are now
a regular feature in the Hero Group's community outreach program
KEY POLICIES
AN ENVIRONMENTALLY AND SOCIALLY, AWARE
COMPANY
At Hero Honda, our goal is not only to sell you a bike, but also to help you every step of
the way in making your world a better place to live in. Besides its will to provide a highquality service to all of its customers, Hero Honda takes a stand as a socially responsible
enterprise respectful of its environment and respectful of the important issues.
Hero Honda has been strongly committed not only to environmental conservation
programmers but also expresses the increasingly inseparable balance between the
economic concerns and the environmental and social issues faced by a business. A
business must not grow at the expense of mankind and man's future but rather must serve
mankind.
"We must do something for the community from whose land we generate our
wealth."
A famous quote from our Worthy Chairman Mr.Brijmohan Lall Munjal.
Environment Policy
We at Hero Honda are committed to demonstrate excellence in our environmental
performance on a continual basis, as an intrinsic element of our corporate philosophy.
To achieve this we commit ourselves to:
24
Integrate environmental attributes and cleaner production in all our business

processes and practices with specific consideration to substitution of hazardous
chemicals, where viable and strengthen the greening of supply chain.
Continue product innovations to improve environmental compatibility.
Comply with all applicable environmental legislation and also controlling our
environmental discharges through the principles of "alara" (as low as reasonably
achievable).
Institutionalise resource conservation, in particular, in the areas of oil, water,

electrical energy, paints and chemicals.
Enhance environmental awareness of our employees and dealers / vendors, while

promoting their involvement in ensuring sound environmental management.
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.
Safety Policy
Hero Honda is committed to safety and health of its employees and other persons
who may be affected by its operations. We believe that the safe work practices lead to
better business performance, motivated workforce and higher productivity.
We shall create a safety culture in the organization by:
Integrating safety and health matters in all our activities.

25
Ensuring compliance with all applicable legislative requirements.
Empowering employees to ensure safety in their respective work places.
Promoting safety and health awareness amongst employees, suppliers and

contractors.
Continuous improvements in safety performance through precautions besides

participation and training of employees.
INTRODUCTION ABOUT PHOENIX DEALER PROFILE (PHOENIX MOTORS)

PHOENIX MOTORS PVT LTD is dealership type of business. PHOENIX MOTORS
PVT LTD. is established on 21st march 2003. The business is running by only one man.
The owner name is ch .madhu mathi the firm is located at habsiguda in Hyderabad.
Generally the sale will be either on cash basis or on institutional basis. Bank
like ICICI, HDFC and CENTURION are providing loans to customers.
Advertising strategy of phoenix motors:
They are giving the ads through newspapers, wall paintings, hoardings
and field staff. They are upgrading sales by introducing the schemes, group bookings,
institutional sales and customer door-to-door activities.
Categorization of Staff members:
Staff members are categorized for technicians, 25 members are
allotted for field staff, 5 members are recruited for sales for persons, 5 persons are placed
for evaluating for spare parts, 5 members are allotted for managerial accounts and another
3 persons for cash transaction and other members are allotted for remaining work.
Customer relationship:
They entertain the showroom providing a customers huge having
pool game, internet facility and television with home there system. They provide bile
maintenance programs on every week.
26
According to other dealers PHOENIX motors in first in sales and best in service. They
treat customer, is the very important person at PHOENIX motors customer satisfaction is
their motto, why because, they will satisfied customer is the best advertisement. They
provide better value for the customers and as well as employees also. At PHOENIX
motors the customer is the boss.
SALES STRATEGY OF PHOENIX MOTORS:
Average they are selling 25 vehicles per day. PHOENIX motors PVT L.T.D
is the A.P s NO.1 dealership in sales and other activities? It is a QLAD (qualify leader
through quality dealer). At PHOENIX motor they gave the quality service to the
customers why because the cost is long forgotten but the quality is remembered for
ever. They treat quality has a...
Q
Quest for excellence
Understanding customers needs
Action to achieve customers appreciation.
Leadership determined to be a leader
involving all the people
Team spirit to work for a common goal
Yard sticks to measure programs.
WARRANTY ON PROPRIETARY ITEMS:

Warranty on proprietary items like Tyros, Tubes and Battery etc, will be
directly handled by the respective original manufactures (OEMs) except AMCO for
batteries and Dunlop and Falcon tires and Tubes. In case of any defect in proprietary
items, other than the above two mentioned OEMS the dealers must approach the Brach
office dealer of the respective manufacture. For AMCO batteries and Dunlop and falcon
tires, tubes claims will be accepted at our authorized dealerships per the mutually agreed
27
terms and conditions between HERO HONDA and of these two OEMs in case the claim
is not accepted for invalid reasons. Then the claim along with the refusal note form the
OEM can be sent to the warranty section at gorgon plan after due to recommendation of
the area service engineer. If any other six services or subsequent paid services is not
availed as per the recommended schedule given in the owners manual. If HERO
HONDA recommended engine oil is not used. To normal wear & tear components like
bulbs, electric wiring, filters, spark plug, clutch plates, braded shoes, fasteners, shim
washers, oil seals, gaskets, rubber parts (other than tyre and tube) plastic components,
chain$ sprockets and in case of wheel rim misalignment or bend.
If there is any damage due o modification or fittings of accessories other than ones
recommended by HERO HONDA. If the motor has been used in any competitive events
like tracking races or rallies. If there is any damage to the painted surface due to industrial
pollution or other extraneous factors. For clams made for any consequential damage due
to any previous malfunction. For normal phenomenon like noise, vibration, oil seepage,
which do not affect the performance of the motorcycles.
SOCIAL SERVICE ACTIVITIES

PHOENIX motors participate and conduct social service activities. Recently the
phoenix motors organized a BLOOD DONATION CAMP for the trust on 21 st January
2006.they motivated on the consumers to participated in this camp and also provide
certificate for the customers
THE MARKETED BIKES OF PHOENIX (All Hero Moto Corp.)
28
29
30
31
CUSTOMER RELATIONSHIP:
To entertain the customers the showroom providing a customers huge having pool
game, Internet facility and television with home theatre system. They provide bike
maintenance programs on every week. According to other dealers PHOENIX motors in
first in sales and best in service. They treat customer, is the very important person at
PHOENIX motors customer satisfaction is their motto, why because, the well satisfied
customer is the best advertisement. They provide better value for the customers and as
well as employees also. At PHONIX motors the customer is the boss.
SOCIAL SERVICE ACTIVITIES

PHOENIX Motors participates in social service activities. The Phoenix motors
organize a BLOOD DONATION CAMP for the trust in every year. They motivated on
the customers to participated in this camp and also provide Certificate for the customers.
CONSUMER BUYING BEHAVIOR

Definition:
Consumer behavior refers to the mental and emotional process and the observable
behavior of consumers during searching, purchasing and post consumption of a product
or service.
32
Consumer behavior involves study of how people buy, what they buy, when they buy and
why they buy. It blends the elements from psychology, sociology, sociopsychology,
anthropology and economics. It also tries to assess the influence on the consumer from
groups such as family, friends, reference groups and society in general.
Buyer behavior has two aspects: the final purchase activity visible to any observer and the
detailed or short decision process that may involve the interplay of a number of complex
variables not visible to anyone.
What influences consumers to purchase products or services? The consumer buying
process is a complex matter as many internal and external factors have an impact on the
buying decisions of the consumer.
When purchasing a product there several processes, which consumers go through. These
will be discussed below.
Purchase decision
Through the evaluation process discussed above consumers will reach their final purchase
decision and they reach the final process of going through the purchase action e.g. The
process of going to the shop to buy the product, which for some consumers can be as just
as rewarding as actually purchasing the product. Purchase of the product can either be
through the store, the web, or over the phone.
Post Purchase Behavior
Ever have doubts about the product after you purchased it? This simply is post purchase
behavior and research shows that it is a common trait amongst purchasers of products.
Manufacturers of products clearly want recent consumers to feel proud of their purchase,
it is therefore just as important for manufacturers to advertise for the sake of their recent
purchaser so consumers feel comfortable that they own a product from a strong and
reputable organization. This limits post purchase behavior. i.e. You feel reassured that you
own the latest advertised product.
Factors influencing the behavior of buyers.
33
Consumer behavior is affected by many uncontrollable factors. Just think, what

influences you before you buy a product or service? Your friends, your upbringing, your
culture, the media, a role model or influences from certain groups?
Culture is one factor that influences behavior. Simply culture is defined as our attitudes
and beliefs. But how are these attitudes and beliefs developed? As an individual growing
up, a child is influenced by their parents, brothers, sister and other family member who
may teach them what is wrong or right. They learn about their religion and culture, which
helps them develop these opinions, attitudes and beliefs (AIO) . These factors will
influence their purchase behavior however other factors like groups of friends, or people
they look up to may influence their choices of purchasing a particular product or service.
Reference groups are particular groups of people some people may look up towards to
that have an impact on consumer behavior. So they can be simply a band like the Spice
Girls or your immediate family members. Opinion leaders are those people that you look
up to because your respect their views and judgments and these views may influence
consumer decisions. So it maybe a friend who works with the IT trade who may influence
your decision on what computer to buy. The economical environment also has an impact
on consumer behavior; do consumers have a secure job and a regular income to spend on
goods? Marketing and advertising obviously influence consumers in trying to evoke them
to purchase a particular product or service.
Peoples social status will also impact their behavior. What is their role within society?
Are they Actors? Doctors? Office worker? and mothers and fathers also? Clearly being
parents affects your buying habits depending on the age of the children, the type of job
may mean you need to purchase formal clothes, the income which is earned has an
impact. The lifePerformence of someone who earns 250000 would clearly be different
from someone who earns 25000. Also characters have an influence on buying decision.
Whether the person is extrovert (out going and spends on entertainment) or introvert
(keeps to themselves and purchases via online or mail order) again has an impact on the
types of purchases made.
Maslows Hierarchy of Needs
Abraham Maslow hierarchy of needs theory sets out to explain what motivated
individuals in life to achieve. He set out his answer in a form of a hierarchy. He suggests
34
individuals aim to meet basic psychological needs of hunger and thirst. When this has
been met they then move up to the next stage of the hierarchy, safety needs, where the
priority lay with job security and the knowing that an income will be available to them
regularly. Social needs come in the next level of the hierarchy, the need to belong or be
loved is a natural human desire and people do strive for this belonging. Esteem need is
the need for status and recognition within society, status sometimes drives people, the
need to have a good job title and be recognized or the need to wear branded clothes as a
symbol of status.
But how does this concept help an organization trying to market a product or service?
Well as we have established earlier within this website, marketing is about meeting needs
and providing benefits, Maslows concept suggests that needs change as we go along our
path of striving for self-actualization. Supermarket firms develop value brands to meet the
psychological needs of hunger and thirst. Harrods develops products and services for
those who want have met their esteem needs. So Maslows concept is useful for marketers
as it can help them understand and develop consumer needs and wants.
CUSTOMER
A competitor, in order to achieve the loyalty of the customers, offer an endless
information flow on the products and services and thereby continuously educates the
customer about the opportunities in the market. Therefore today even an ordinary person,
is in possession of the large amount of data to use for the purpose of making a decision as
to which products/ services he would go in for. The competitive environment is making
the customer wisher day by day and he is able to take a large number of decisions on his
own. The experts advice of the olden days is being replaced by the customers own
wisdom. This is making the market place more complicated and unpredictable. The
customer is getting smarter today and he is able to decide his own moneys worth and
therefore, organization across the board are `pursuing the customers views to streamline
their business strategies to remain customer- worthy.
People are the prime factor for any organization to maintain the effectiveness and
thus develop the right focus for the people, so that each one perceives as clearly as
possible his position in the cycle of growth and prosperity of the organization. Agendas
will have to be drawn in such a manner and communicated so effectively that the
35
individual is able to enjoy a meaningful life in the organization, endowed with authority
and responsibility for the role he plays.
One should be able to see for oneself the impact of the contributions one has
made towards the growth and prosperity cycle of the organization. As a matter of fact the
relationship between the people and the organization should be so designed that each one
is here to experience the pleasure of winning and pain of losing. People alone are of no
significance unless and until they have an intimate and continuous interaction with the
process.
Therefore organization have to take continuous care to update their quality of the
people and that of processes simultaneously so that a healthy relationship is built up and
maintained making the relationship happy and healthy one. This, when done, should
generate in people a sense of entrepreneurship ownership of the organization.
Since the customer are the main focus of any organization its structure should be
so flat i.e., people fluently interact with the customer and maintain continuous feedback
about the customers moods and methods in order to shape its business portfolio and
strategies.
It is very important to find whether the fundamentals of the organization are

getting strong as desired. It is therefore rightly said that a well trained army with quality
arms and ammunitions and with a sense of involvement can got the nations frontiers inn
desirable and dependable manner similarly: people at the operation level with superior
competency and capability supplied with superior products and strategies can acquire a
place for an organization in the market place. Retail outlets are the contact points of the
customers and therefore the image of the organization largely depends upon the quality of
the people managing the interventions and transactions at the level.
The Consumer Market:
36
The consume market consists of all the individuals and households who buy or
acquire goods and services for personal consumption. The simplest model consumer
buyer behavior is the stimulus response model. According to this model marketing
stimuli ( the four Ps) and the major forces (economic, technological, political, cultural)
enter the consumers black box and reproduce certain responses.
Start
Social factors influence buyers behavior. A persons reference group-family,

friends, social organizations, professional associations- strongly affect product and brand
choices.
The buyers age, life-cycle stage, occupation, economic circumstances,
lifePerformence, personality, and other personal. Characteristics influence his or her

buying decisions. Consumer life-Performences the pattern of acting and interacting in the
world are also an important influences on purchase decisions.
37
Finally, consumer-buying behavior is influenced by four major psychological

factors- motivation, perception, learning, and beliefs and attitudes. Each of these factors
provides a different perspective for understanding the workings of the buyers black box.
Need
Need Recognition
Recognition
Cultural,
Cultural, Social,
Social,
Individual
Individual and
and
Psychological
Psychological
Factors
Factors
affect
affect
all
all steps
steps
Information
Information Search
Search
Evaluation
Evaluation
of
of Alternatives
Alternatives
Purchase
Purchase
Postpurchase
Postpurchase
Behavior
Behavior
CONSUMER PERCEPTION
It can be defined as the process by which an individual selects, organizes, and
interprets stimuli into a meaningful and coherent picture of the world. A stimulus is a unit
of input to any of the senses. Examples of stimulus ie, sensory input include products,
packages, brand names, advertisements, and commercials, sensory receptor.
Marketers do not want their target audience to look only at the models in their ads.
They want to communicate something about their products as well. Marketers often use
attractive models,humour, other factors to attract the target markets interest. Information
38
processing is a series of activities by which stimuli are perceived, transformed in to

information, and stored. Information processing model has four major steps or stages,
a)
Exposure
c)
Interpretation, and
b)
Attention
d)
Memory
39
e) The first three constitute perception.

f) Exposure occurs when a stimulus such as an Advertisement hoarding comes within
the range of a persons vision. Attention occurs when the information from vision pass on to
the brain for processing.
Interpretation is the assignment of meaning to the received
sensations. Memory is the short term use of the meaning for immediate decision-making or
the longer-term retention of the meaning.
g)
The basic components shown in the figure can be arranged into four groups:
1. Stimuli, which serve as the raw material to be processed.
h) The stages of processing activities, which are linked by arrows and mainly internal to
the customer.
i) Situational and consumer characteristics which can influence the nature of these
processing activities, and an executive system, which guides the process by regulating the type
and intensity of processing activities engaged in, at any time.
j)
Consumer Buying Behavior
k)
Possibly the most challenging concept in marketing deals with understanding why
buyers do what they do (or dont do). But such knowledge is critical for marketers
since Wanting a strong understanding of buyer behavior will help shed light on what
is important to the customer and also suggest the important influences on customer
decision-making. Using this information, marketers can create marketing programs
that they believe will be of interest to customers.
l)
As you might guess, factors affecting how customers make decisions are extremely
complex. Buyer behavior is deeply rooted in psychology with dashes of sociology
thrown in just to make things more interesting. Since every person in the world is
different, it is impossible to have simple rules that explain how buying decisions are
made. But those who have spent many years analyzing customer activity have
presented us with useful guidelines in how someone decides whether or not to make
a purchase.
m)
In fact, pick up any textbook that examines customer behavior and each seems to
approach it from a different angle. The perspective we take is to touch on just the
basic concepts that appear to be commonly accepted as influencing customer
behavior. We will devote two sections of the Principles of Marketing Tutorials to
customer behavior. In this section we will examine the buying behavior of consumers
(i.e., when people buy for personal reasons) while in the Business Buying Behavior
tutorial we will examine factors that influence buyers decisions in the business
market.
n)
Why Consumers Buy
o)
As we discussed in the What is Marketing? tutorial, customers make purchases in

order to satisfy needs. Some of these needs are basic and must be filled by everyone
on the planet (e.g., food, shelter) while others are not required for basic survival and
vary depending on the person. It probably makes more sense to classify needs that are
not a necessity as wants or desires. In fact, in many countries where the standard of
living is very high, a large portion of the populations income is spent on wants and
desires rather than on basic needs.
p)
In this tutorial when we mention the consumer we are referring to the actual buyer, the
person spending the money. But is should also be pointed out that the one who does
the buying is not necessarily the user of what is bought and that others may be
involved in the buying decision in addition to the actual buyer. While the purchasing
process in the consumer market is not as complex as the business market, Wanting
multiple people involved in a purchase decision is not unusual. For example, in
planning for a family vacation the mother may make the hotel reservations but others
in the family may have input on the hotel choice. Similarly, a father may purchase
snacks at the grocery store but his young child may be the one who selected it from
the store shelf.
q)
So understanding consumer purchase behavior involves not only understanding how

decisions are made but also understanding the dynamics that influence purchases.
r)
What Influences Purchasing
s)
As we discussed the decision-making process for consumers is anything but straight

forward. There are many factors that can affect this process as a person works through
the purchase decision. The number of potential influences on consumer behavior is
limitless. However, marketers are well served to understand the KEY influences. By
doing so they may be in a position to tailor their marketing efforts to take advantage
of these influences in a way that will satisfy the consumer and the marketer
(remember this is a key part of the definition of marketing).
t)
u)
v)
For the purposes of this tutorial we will break these influences down into three main
categories: Internal, External and Marketing. However, those interested in learning
more about customer buying activity may want to consult one or more consumer
behavior books where they will find additional methods for explaining consumer
buying behavior.
w)
For the most part the influences are not mutually exclusive. Instead, they are all
interconnected and, as we will see, work together to form who we are and how we
behave.
x)
For each of the influences that are discussed we will provide a basic description and
also suggest its implication to marketers. Bear in mind we only provide a few
marketing implications for each influence; clearly there are many more.
y)
Internal Influences: Perceptual Filter
z)
We start our examination of the influences on consumer purchase decisions by first

looking inside ourselves to see which are the most important internal factors that
affect how we make choices.
aa)
Perceptual Filter
ab)
Perception is how we see ourselves and the world we live in. However, what ends up
being stored inside us doesnt always get there in a direct manner. Often our mental
makeup results from information that has been consciously or subconsciously filtered
as we experience it, a process we refer to as a perceptual filter. To us this is our reality,
though it does not mean it is an accurate reflection on what is real. Thus, perception is
the way we filter stimuli (e.g., someone talking to us, reading a newspaper story) and
then make sense out of it.
ac)
Perception has several steps.
Exposure sensing a stimuli (e.g. seeing an ad)
Attention an effort to recognize the nature of a stimuli (e.g. recognizing it is an ad)
Awareness assigning meaning to a stimuli (e.g., humorous ad for particular product)
ad)
Retention adding the meaning to ones internal makeup (i.e., product has fun ads)
How these steps are eventually carried out depends on a persons approach to
learning. By learning we mean how someone changes what they know, which in turn
may affect how they act. There are many theories of learning, a discussion of which is
beyond the scope of this tutorial, however, suffice to say that people are likely to learn
in different ways. For instance, one person may be able to focus very strongly on a
certain advertisement and be able to retain the information after being exposed only
one time while another person may need to be exposed to the same advertisement
many times before he/she even recognizes what it is. Consumers are also more likely
to retain information if a person has a strong interest in the stimuli. If a person is in
need of new car they are more likely to pay attention to a new advertisement for a car
while someone who does not need a car may need to see the advertisement many
times before they recognize the brand of automobile.
ae)
Marketing Implications:
Marketers spend large sums of money in an attempt to get customers to have a
positive impression of their products. But clearly the existence of a perceptual filter
suggests that getting to this stage is not easy. Exposing consumers to a product can be
very challenging considering the amount of competing product messages (ads) that
are also trying to accomplish the same objective (i.e., advertising clutter). So
marketers must be creative and use various means to deliver their message. Once the
message reaches consumer it must be interesting enough to capture their attention
(e.g., talk about the products benefits). But attending to the message is not enough.
For marketers the most critical step is the one that occurs with awareness. Here
marketers must continually monitor and respond if their message becomes distorted in
ways that will negatively shape its meaning. This can often happen due in part to
competitive activity (e.g., comparison advertisements). Finally, getting the consumer
to give positive meaning to the message they have retained requires the marketer
make sure that consumers accurately interpret the facts about the product.
af)
Internal Influences: Knowledge
ag)
Knowledge is the sum of all information known by a person. It is the facts of the
world as he/she knows it and the depth of knowledge is a function of the breadth of
worldly experiences and the strength of an individuals long-term memory. Obviously
what exists as knowledge to an individual depends on how an individuals perceptual
filter makes sense of the information it is exposed to.
ah)
Marketers may conduct research that will gauge consumers level of knowledge
regarding their product. As we will see below, it is likely that other factors influencing
consumer behavior are in large part shaped by what is known about a product. Thus,
developing methods (e.g., incentives) to encourage consumers to accept more
information (or correct information) may affect other influencing factors.
ai)
Internal Influences: Attitude
aj)
In simple terms attitude refers to what a person feels or believes about something.
Additionally, attitude may be reflected in how an individual acts based on his or her
beliefs. Once formed, attitudes can be very difficult to change. Thus, if a consumer
has a negative attitude toward a particular issue it will take considerable effort to
change what they believe to be true.
ak)
Marketers facing consumers who have a negative attitude toward their product must
work to identify the key issues shaping a consumers attitude then adjust marketing
decisions (e.g., advertising) in an effort to change the attitude. For companies
competing against strong rivals to whom loyal consumers exhibit a positive attitude,
an important strategy is to work to see why consumers feel positive toward the
competitor and then try to meet or beat the competitor on these issues. Alternatively, a
company can try to locate customers who feel negatively toward the competitor and
then increase awareness among this group.
al)
Internal Influences: Personality
am)
An individuals personality relates to perceived personal characteristics that are

consistently exhibited, especially when one acts in the presence of others. In most, but
not all, cases the behaviors one projects in a situation is similar to the behaviors a
person exhibits in another situation. In this way personality is the sum of sensory
experiences others get from experiencing a person (i.e., how one talks, reacts). While
ones personality is often interpreted by those we interact with, the person has their
own vision of their personality, called Self Concept, which may or may not be the
same has how others view us.
an)
For marketers it is important to know that consumers make purchase decisions to
support their self concept. Using research techniques to identify how customers view
themselves may give marketers insight into products and promotion options that are
not readily apparent. For example, when examining consumers a marketer may
initially build marketing strategy around more obvious clues to consumption behavior,
such as consumers demographic indicators (e.g., age, occupation, income). However,
in-depth research may yield information that shows consumers are purchasing
products to fulfill self-concept objectives that have little to do with the demographic
category they fall into (e.g., senior citizen may be making purchases that make them
feel younger). Appealing to the consumers self concept needs could expand the
market to which the product is targeted.
ao)
Internal Influences: LifePerformence
ap)
This influencing factor relates to the way we live through the activities we engage in
and interests we express. In simple terms it is what we value out of life.
LifePerformence is often determined by how we spend our time and money.
aq)
Products and services are purchased to support consumers lifePerformences.
Marketers have worked hard researching how consumers in their target markets live
their lives since this information is key to developing products, suggesting
promotional strategies and even determining how best to distribute products. The fact
that lifePerformence is so directly tied to marketing activity will be further examined
as we discuss developing target market strategies (See Targeting Markets) tutoria
ar)
Internal Influences: Motivation
as)
Motivation relates to our desire to achieve a certain outcome. Many internal factors
we have already discussed can affect a customers desire to achieve a certain outcome
but there are others. For instance, when it comes to making purchase decisions
customers motivation could be affected by such issues as financial position (e.g., Can
I afford the purchase?), time constraints (e.g., Do I need to make the purchase
quickly?), overall value (e.g., Am I getting my moneys worth?), and perceived risk
(e.g., What happens if I make a bad decision?).
at)
Motivation is also closely tied to the concept of Involvement, which relates to how
much effort the consumer will exert in making a decision. Highly motivated
consumers will want to get mentally and physically involved in the purchase process.
Not all products have a high percentage of highly involved customers (e.g., milk) but
marketers who market products and services that may lead to high level of consumer
involvement should prepare options that will be attractive to this group. For instance,
marketers should make it easy for consumers to learn about their product (e.g.,
information on website, free video preview) and, for some products, allow customers
to experience the product (e.g., free trial) before committing to the purchase
au)
Internal Influences: Roles
av)
Roles represent the position we feel we hold or others feel we should hold when
dealing in a group environment. These positions carry certain responsibilities yet it is
important to understand that some of these responsibilities may, in fact, be perceived
and not spelled out or even accepted by others. In support of their roles, consumers
will make product choices that may vary depending on which role they are assuming.
As illustration, a person who is responsible for selecting snack food for an office party
his boss will attend may choose higher quality products than he would choose when
selecting snacks for his family.
aw)
Advertisers often show how the benefits of their products aid consumers as they
perform certain roles. Typically the underlying message of this promotional approach
is to suggest that using the advertisers product will help raise ones status in the eyes
of others while using a competitors product may have a negative effect on status.
ax)
External Influences: Culture
ay)
Consumer purchasing decisions are often affected by factors that are outside of their
control but have direct or indirect impact on how we live and what we consume. One
example of this are cultural factors
az)
Culture represents the behavior, beliefs and, in many cases, the way we act learned by
interacting or observing other members of society. In this way much of what we do is
shared behavior, passed along from one member of society to another. Yet culture is a
broad concept that, while of interest to marketers, is not nearly as important as
understanding what occurs within smaller groups or Sub-Cultures to which we may
also belong. Sub-cultures also have shared values but this occurs within smaller
groups. For instance, sub-cultures exist where groups share similar values in terms of
ethnicity, religious beliefs, geographic location, special interests and many others.
ba)
As part of their efforts to convince customers to purchase their products, marketers
often use cultural representations, especially in promotional appeals. The objective is
to connect to consumers using cultural references that are easily understood and often
embraced by the consumer. By doing so the marketer hopes the consumer feels more
comfortable with or can relate better to the product since it corresponds with their
cultural values. Additionally, smart marketers use strong research efforts in an attempt
to identify differences in how sub-culture behaves. These efforts help pave the way
for spotting trends within a sub-culture, which the marketer can capitalize on through
new marketing tactics (e.g., new products, new sales channels, added value, etc.).
bb) External Influences: Group Membership

bc)
In addition to cultural influences, consumers belong to many other groups with which
they share certain characteristics and which may influence purchase decisions. Often
these groups contain Opinion Leaders or others who have major influence on what the
customer purchases. Some of the basic groups we may belong to include:
Social Class represents the social standing one has within a society based on such
factors as income level, education, occupation
Family ones family situation can have a strong effect on how purchase decisions are
made
Reference groups most consumers simultaneously belong to many other groups with
which they associate or, in some cases, feel the need to disassociate
bd)
Identifying and understanding the groups consumers belong to is a key strategy for
marketers. Doing so helps identify target markets, develop new products, and create
appealing marketing promotions to which consumers can relate. In particular,
marketers seek to locate group leaders and others to whom members of the group look
for advice or direction. These opinion leaders, if well respected by the group, can be
used to gain insight into group behavior and if these opinion leaders accept
promotional opportunities could act as effective spokespeople for the marketers
products.
be)
External Influences: Purchase Situation
bf)
Purchase Situation
bg)
A purchase decision can be strongly affected by the situation in which people find
themselves. In general, a situation is the circumstances a person faces when making a
purchase decision, such as the nature of their physical environment, their emotional
state, or time constraints. Not all situations are controllable, in which case a consumer
may not follow their normal process for making a purchase decision. For instance, if a
person needs a product quickly and a store does not carry the brand they normally
purchase, the customer may choose a competitors product.
bh)
Marketers can take advantage of decisions made in uncontrollable situations in at least
two ways. First, marketers can use promotional methods to reinforce a specific
selection of products when the consumer is confronted with a particular situation. For
example, automotive services can be purchased that promise to service vehicles if the
user runs into problems anywhere and at anytime. Second, marketers can use
marketing methods that attempt to convince consumers that a situation is less likely to
occur if the marketers product is used. This can also be seen with auto products,
where marketers explain that using their product will prevent unexpected damage to
their vehicles.
bi) Types of Consumer Purchase Decisions

bj)
Consumers are faced with purchase decisions nearly every day. But not all decisions
are treated the same. Some decisions are more complex than others and thus require
more effort by the consumer. Other decisions are fairly routine and require little effort.
In general, consumers face four types of purchase decisions:
bk)
Minor New Purchase these purchases represent something new to a consumer but in
the customers mind is not a very important purchase in terms of need, money or other
reason (e.g., status within a group).
Minor Re-Purchase these are the most routine of all purchases and often the consumer
returns to purchase the same product without giving much thought to other product
options (i.e., consumer is brand loyalty).
Major New Purchase these purchases are the most difficult of all purchases because the
product being purchased is important to the consumer but the consumer has little or no
previous experience making these decisions. The consumers lack of confidence in
making this type of decision often (but not always) requires the consumer to engage in an
extensive decision-making process..
Major Re-Purchase - these purchase decisions are also important to the consumer but the
consumer feels confident in making these decisions since they have previous experience
purchasing the product.
bl)
For marketers it is important to understand how consumers treat the purchase

decisions they face. If a company is targeting customers who feel a purchase decision
is difficult (i.e., Major New Purchase), their marketing strategy may vary greatly from
a company targeting customers who view the purchase decision as routine. In fact, the
same company may face both situations at the same time; for some the product is new,
while other customers see the purchase as routine. The implication of buying behavior
for marketers is that different buying situations require different marketing efforts.
bm) How Consumers Buy

bn)
So now that we have discussed the factors influencing a consumers decision to

purchase, lets examine the process itself. This process is presented in a sequence of 5
steps as shown below.
bo)
bp)
However, whether a consumer will actually carryout each step depends on the type of
purchase decision that is faced. For instance, for minor re-purchases the consumer
may be quite loyal to the same brand, thus the decision is a routine one (i.e., buy the
same product) and little effort is involved in making a purchase decision. In cases of
routine, brand loyal purchases consumers may skip several steps in the purchasing
process since they know exactly what they want allowing the consumer to move
quickly through the steps. But for more complex decisions, such as Major New
Purchases, the purchasing process can extend for days, weeks, months or longer. So in
presenting these steps marketers should realize that, depending on the circumstances
surrounding the purchase, the importance of each step may vary.
bq)
Purchase Decision Steps 1 and 2
br)
1. Need/Want/Desire is recognized
bs)
In the first step the consumer has determined that for some reason he/she is not
satisfied (i.e., consumers perceived actual condition) and wants to improve his/her
situation (i.e., consumers perceived desired condition). For instance, internal triggers,
such as hunger or thirst, may tell the consumer that food or drink is needed. External
factors can also trigger consumers needs. Marketers are particularly good at this
through advertising, in-store displays and even the intentional use of scent (e.g.,
perfume counters). At this stage the decision-making process may stall if the
consumer is not motivated to continue (see Motivation above). However, if the
consumer does have the internal drive to satisfy the need they will continue to the
next step.
bt)
2. Search for Information
bu)
Assuming consumers are motivated to satisfy his or her need, they will next undertake
a search for information on possible solutions. The sources used to acquire this
information may be as simple as remembering information from past experience (i.e.,
memory) or the consumer may expend considerable effort to locate information from
outside sources (e.g., Internet search, talk with others, etc.). How much effort the
consumer directs toward searching depends on such factors as: the importance of
satisfying the need, familiarity with available solutions, and the amount of time
available to search. To appeal to consumers who are at the search stage, marketers
should make efforts to ensure consumers can locate information related to their
product. For example, for marketers whose customers rely on the Internet for
information gathering, attaining high rankings in search engines has become a critical
marketing objective.
bv)
Purchase Decision Steps 3, 4 and 5
bw) 3. Evaluate Options

bx)
Consumers search efforts may result in a set of options from which a choice can be
made. It should be noted that there may be two levels to this stage. At level one the
consumer may create a set of possible solutions to their needs (i.e., product types)
while at level two the consumer may be evaluating particular products (i.e., brands)
within each solution. For example, a consumer who needs to replace a television has
multiple solutions to choose from such as plasma, LCD and CRT televisions. Within
each solution type will be multiple brands from which to choose. Marketers need to
understand how consumers evaluate product options and why some products are
included while others are not. Most importantly, marketers must determine which
criteria consumers are using in their selection of possible options and how each
criterion is evaluated. Returning to the television example, marketing tactics will be
most effective when the marketer can tailor their efforts by knowing what benefits are
most important to consumers when selecting options (e.g., picture quality, brand
name, screen size, etc.) and then determine the order of importance of each benefit.
by)
bz)
4. Purchase
ca)
In many cases the solution chosen by the consumer is the same as the product whose
evaluation is the highest. However, this may change when it is actually time to make
the purchase. The "intended" purchase may be altered at the time of purchase for
many reasons such as: the product is out-of-stock, a competitor offers an incentive at
the point-of-purchase (e.g., store salesperson mentions a competitors offer), the
customer lacks the necessary funds (e.g., credit card not working), or members of the
consumers reference group take a negative view of the purchase (e.g., friend is
critical of purchase). Marketers whose product is most desirable to the consumer must
make sure that the transaction goes smoothly. For example, Internet retailers have
worked hard to prevent consumers from abandoning online purchase (i.e., online
shopping carts) by streamlining the checkout process. For marketers whose product is
not the consumers selected product, last chance marketing efforts may be worth
exploring, such as offering incentives to store personnel to "talk up" their product at
the checkout line.
cb)
5. After-Purchase Evaluation
cc)
Once the consumer has made the purchase they are faced with an evaluation of the
decision. If the product performs below the consumers expectation then he/she will
re-evaluate satisfaction with the decision, which at its extreme may result in the
consumer returning the product while in less extreme situations the consumer will
retain the purchased item but may take a negative view of the product. Such
evaluations are more likely to occur in cases of expensive or highly important
purchases. To help ease the concerns consumers have with their purchase evaluation,
marketers need to be receptive and even encourage consumer contact. Customer
service centers and follow-up market research are useful tools in helping to address
purchasers concerns.
cd)
ce)
cf)
cg)
ch)
ci)
cj)
ck) CHAPTER 2
cl)
cm)
cn)
co)
cp)
cq)
cr)
cs)
ct)
cu)
cv)
cw)
cx)
cy)
OBJECTIVE OF THE STUDY:
cz)
da) Main objective: The main objective of the study is to study the buying motives of the
customers regarding purchasing bikes in Hero MotoCorp Ltd. (Formerly Hero Honda Motors
Ltd.).
db)SPECIFIC OBJECTIVES:
dc)
dd)1. To gain an understanding of the theories and concepts of Buyer Behavior, to find
the age group, educational back ground, occupation / profession and income and income level of
the respondents.
de)
2. To know whether the customer is interested to purchase bikes in Hero MotoCorp

Ltd. (Formerly Hero Honda Motors Ltd.) or not.
df)
3. To find respondents reason for purchasing the bikes in Hero MotoCorp Ltd.
(Formerly Hero Honda Motors Ltd.)
dg)
4. To know the important reason the respondents give to each factor for purchasing
bikes in Hero MotoCorp Ltd. (Formerly Hero Honda Motors Ltd.).
dh)
5. To know the customer service satisfaction from the respondents.
di)
6. To know the awareness of the brand Hero MotoCorp Ltd.
dj)
dk)
NEED FOR THE STUDY:
dl)
dm)
Customers consider various factors for purchasing of bikes in Hero MotoCorp

Ltd. (Formerly Hero Honda Motors Ltd.). The factors they consider are based on
certain demographic variables such as income, age, occupation etc. It also depends on
attributes and life Performance of the customer buying behavior becomes essential to
get a competitive edge.
dn)
do)
SCOPE OF THE PROJECT
dp)
The study aims to measure buying behavior level of the customers regarding Hero
MotoCorp Ltd. industries. The area within which the study was conducted regarding
the information the primary data is collected in the form of questionnaire collected
from the dealers in Rangareddy district. To sum up the project had within the scope of
the study in the area of Customer Buying Behavior of Hero MotoCorp Ltd. in
Rangareddy district for a particular time (2012).
dq)
The research measures the experiences of customers. Defines and analyses the
experiences based on key deliverables. Gains insights into Customer expectations.
dr)
Research Methodology
ds)
SOURCES OF DATA:
dt)
du)
DATA COLLECTION INSTRUMENTS:
dv)
PRIMARRY METHOD:
dw)
dx)Primary data are those, which are collected fresh and for the first time and this happen
to be original in character. In this study primary data was collected by interview schedule
method.
dy)
dz)
SECONDARY METHOD:
ea)
eb) Secondary data are those, which are collected from existing data. Secondary data for
this study include appropriate material from newspaper, Magazines, Broachers, Company
Reports, Standard Text Books, and information from Internet has also been acquired wherever
necessary.
ec)
ed)
FIELD WORK:
ee)
ef) The project involved a fieldwork of around 1 month 15 days where in the survey was
carried out.
eg)
The survey was conducted in different areas of Hyderabad such as Koti, bowenpally,
Ameerpet, L.B Nagar, Hayath nagar.
eh)
ei)
ej)
ek)
METHODOLOGICAL ASSUMPTIONS:
el)
a)
The primary data has been collected by an interview schedule.

em)
b)
The sample for the study was selected on a convenience basis

en)
c)
All primary data collected is true and reflects the actual actions of the
eo) Respondents.
ep)
d)
The data collected has been coded, tabulated and analyzed into logical
eq) Statement using simple statistical methods, pie charts, etc.
er)
es)
et)
DESCRIPTION OF THE RESEARCH DESIGN:
eu)
ev) A research design is a logical and systematic plan prepared for directing a research
study it specifies the methodology and technique to be adopted for achieving the objectives. It
constitutes the blueprint for the collection, measurement and analysis of data.
ew)
ex)
The main aim of the study is to evaluate the brand image of Hero Honda. The
study is descriptive in nature. Surveys are best-suited method for descriptive research. So survey
method is used for the study.
ey)
ez) The preparation of a research plan for a study aids in establishing direction to the
study and knowing exactly what has to be done and how and when it has to be done at every
stage.
fa)
fb)
A research plan describes the boundaries of research activities and enables the
research to channel his energies in the right work. With clear research objectives, in view the
research can proceed systematically towards his achievements.
fc)
fd)
fe)
SAMPLING PROCEDURES:
ff)
fg) Sampling is a systematic approach for selecting a few elements from an entire
collection of units (population) in order to make some inference about the total population it is a
small specimen or a segment of the whole population representing its general qualities as for as
possible. The study was undertaken by convenience sampling.
fh)
fi)
SAMPLE SIZE:
fj) The study is conducted on a sample of 100 respondents.
fk)
fl)
SAMPLING FRAME:
fm)
The population for the study consists of Big bazaar owners in the cities of Hyderabad
and Secunderabad.
fn)
fo)
RESEARCH INSTRUMENTS:
fp) An interview schedule was used to conduct the study.
fq)
fr)
I.
II.
LIMITATIONS:
The Time Period Of Project Is 45 Days.
Though The Customers Wanted To Give Information They could not Give As It Wastes
Their Business Time.
III.
The Accuracy Of The Answers Depends Upon The Mode Of Interest Of Respondents.
IV.
The opinions of the sample may or may not depict the exact opinions of the total
population.
fs)
ft)
fu)
fv)
fw)
fx)
fy)
fz)
ga)
gb)
gc)
gd)
ge) CHAPTER 3
gf)
gg)
gh)
gi) DATA ANALYSIS

gj) &
gk) INTERPRETATION
gl)
gm)
gn)
go)
gp)
gq)
AGE GROUP OF THE RESPONDENTS:
gr)
The below table shows the age group of the respondents surveyed:
a)
AGE
c)
18-28
d)
e)
28-38
f)
28
g)
38-48
h)
10
Above 48
j)
54
Total
l)
100
i)
k)
b)
gs)
No Of Respondents
gt)
gu)
gv)
gw)
No Of Respondents
120
100
80
No Of Respondents
60
40
20
0
18-28
gx)
gy)
28-38
38-48 Above 48 Total
gz)
INFERENCE: From the above table, 8% of the respondents belong to the age group
of 18-28 years, 28% of the respondents belong to the age group of 28-38 years, 10%
of the respondents belong to the age group of 38-48 years, 54% of the respondents
belong to the age group of above 48 years.
ha)
hb)
OCCUPATION OF THE RESPONDENTS:
hc)
The below table shows the type of respondents of the respondents surveyed.
m)
o)
q)
s)
u)
Occupation
Student
Business
Private Employee
Govt Employee
w)
Total
n)
No Of Respondents
p)
0
r)
50
t)
32
v)
18
x)
100
No Of Respondents
100
90
80
70
60
50
40
30
20
10
0
No Of Respondents
hd)
he)
hf)
hg)
INFERENCE: From the above table 0% of the respondents are students, 50% of the
respondents are businessmen, 32% of the respondents are private employee, 18% of
the respondents are Govt employee.
hh)
hi)
hj)
hk)
WANTING A BIKE OR NOT:
hl)
The below table shows that whether the respondents is wanting a bike or not
hm)
Wanting a bike or not
hn)
No of respondents
ho)
Yes
hp)
80
hq)
No
hr)
20
Total
ht)
100
hs)
Having a two wheeler or not
20%
Yes
No
80%
hu)
hv)
hw)
INFERENCE:
hx)
From the above table 80%of people wanting bike and 20% do not want bike.
hy)
hz)
ia)
ib)
ic)
id)
TYPE OF BIKE THAT THE RESPONDENT IS WANTING:
ie)
The below table shows the type of BIKE that the respondent is wanting.
ig)
if)
Type of BIKE
ii)
100CC
il)
180CC
io)
150CC
ir)
200CC
No of
respondents
ih)
% of
respondents
ij)
51
ik)
51
im)
14
in)
14
ip)
26
iq)
26
is)
09
it)
120
100
80
% of respondents
60
No of respondents
40
20
0
100CC
iu)
iv)
180CC
150CC
200CC
iw)
INFERENCE:
ix)
From the above table 51%of the respondents are Wanting Hero MotoCorp Ltd 100CC
BIKE. 14%of the respondents want 180CC. 26%of the respondents are wanting
150CC.9% of the respondents want 200CC.
iy)
iz)
SOURCES OF INFORMATION
ja)
The below table shows, from where did the respondent get the information about the
jb)
BIKE.
jc)
Sources of information
je)
jg)
ji)
No of respondents
Offers
jf)
15
Advertisements
jh)
27
jj)
33
Technology
jl)
10
Finance Schemes
jn)
15
jp)
100
Referred from friends &

relatives
jk)
jm)
jd)
jo)
jq)
jr)
js)
jt)
Total
ju)
jv) INFERENCE:
jw)
From the above table 15%of people known from offers, 27% of people known from
advertisements, and 33% of people known from their friends and relatives, 10% of
people known from technology, 15% of people known from finance schemes.
jx)
SATISFACTION WITH HERO MOTOCORP LTD BIKE:

ka)
jz)
ke)
kf)
Br
il
el
an
Per
ia
for
kb)
kc)
kd)
bi
Im
Featu
Pric
picku
lit
ag
e
km)
y
0
kn)
20
ku)
8
0
kv)
20
lc)
2
3
5
ld)
25
jy)
HER
ma
nce
kg)
O
Excel
ki)
e
2
kj)
kk)
kl)
kh)
ko)
lent
Very
kq)
5
2
24
kr)
02
ks)
05
kt)
good
kp)
ky)
4
2
15
kz)
18
la)
06
lb)
lg)
1
1
25
lh)
12
li)
15
lj)
10
lp)
14
lq)
lk)
ll)
ls)
lt)
kw)
le)
lm)
lu)
Good
Aver
kx)
age
lf)
Poor
ln)
10
25
10
21
0
lo)
lr)
lv)
100%
90%
80%
70%
Poor
60%
Average
50%
Good
40%
Very good
30%
Excellent
20%
10%
0%
Performance
Features
pickup
Brand Image
lw)
lx)
INFERENCE:
ly)
From the above table 17% of the respondents preferred PERFORMENCE as their
main motive, 22% of the respondents preferred PRICE as their main motive, 4%of the
respondents preferred FEATURES as their main motive, 22% of the respondents
preferred TRANSPORT as their main motive, 2% of the respondents preferred
RELIABILITY as their main motive, 21% of the respondents preferred BRAND
IMAGE as their main motive.
lz)
PERFORMENCE:
ma)
mb)
The following table shows that, some of the brands of bikes respondents selected
performance as
mc)
their main motive.
md)
y)
aa)
ac)
ae)
ag)
ai)
me)
mf)
mg)
Brand
HERO
BAJAJ
HONDA
SUZIKI
Total
z)
No of respondents
ab)
32
ad)
35
af)
30
ah)
03
aj)
100
mh)
mi)
mj)
mk)
No of respondents
HERO
BAJAJ
HONDA
SUZIKI
Total
ml)
mm)
mn)
INFERENCE:
mo)
The above table shows that Bajaj and Honda companies are the competitors with
HERO Bikes.
mp)
PRICE:
mq)
mr)
The following table shows that, some of the brands of respondents selected PRICE as
their main motive.
ms)
mu) No of
respondents
mw) 31
my) 18
na)
42
nc)
9
ne)
100
mt) Brand
mv) HERO
mx) BAJAJ
mz) HONDA
nb)
SUZIKI
nd)
Total
nf)
ng)
No of respondents
120
100
80
No of respondents
60
40
20
0
HERO
BAJAJ
HONDA
SUZIKI
Total
nh)
ni)
nj)
nk)
INFERENCE:
The above table shows that HONDA is the competitor with HERO MOTO
CORP LTD.
nl)
PICK UP:
nm)
nn)The following table shows that, some of the brands of respondents selected PICK UP
as their main motive.
no)
nq)
np)
Brand
nr)
HERO
nt)
BAJAJ
nv)
HONDA
nx)
SUZIKI
nz)
Total
No of
respondents
ns)
50
nu)
10
nw) 30
ny)
10
oa)
100
ob)
oc)
od)
No of respondents
100
80
60
Axis Title
40
20
0
HERO
BAJAJ
HONDA
oe)
of)
og)
oh)
INFERENCE:
The above table shows that HERO is the best.
SUZIKI
Total
oi)
MILEAGE:
oj)
ok)
The following table shows that, some of the brands of respondents selected
MILEAGE as their main motive.
ol)
om)
MILEAGE
on)
No of respondents
oo)
HERO
op)
50
oq)
BAJAJ
or)
10
os)
HONDA
ot)
30
ou)
SUZIKI
ov)
10
Total
ox)
100
ow)
oy)
oz)
No of respondents
120
100
80
No of respondents
60
40
20
0
HERO
BAJAJ
HONDA
SUZIKI
Total
pa)
pb)
pc)
pd)
pe)
INFERENCE:
pf)
RELIABILITY:
pg)
ph)
RELIABILITY as their main motive.
pi)
pj)
Reliability
pl)
HERO
pn)
BAJAJ
pp)
HONDA
pr)
SUZIKI
pt)
Total
pk)
No of respondents
pm) 35
po)
15
pq)
30
ps)
20
pu)
100
pv)
pw)
No of respondents
120
100
80
No of respondents
60
40
20
0
HERO
BAJAJ
HONDA
SUZIKI
Total
px)
py)
INFERENCE:
pz)
The above table shows that HONDA is the competitor with HERO .
qa)
qb)
qc)
FEATURES:
qd)
qe)
FEATURES as their main motive.
qf)
qg)
FEATURES
qi)
HERO
qk)
BAJAJ
qm) HONDA
qo)
SUZIKI
qq)
Total
qh)
No of respondents
qj)
35
ql)
15
qn)
30
qp)
20
qr)
100
qs)
qt)
No of respondents
120
100
80
No of respondents
60
40
20
0
HERO
BAJAJ
HONDA
SUZIKI
Total
qu)
qv)
qw)
INFERENCE:
qx)
qy)
qz)
BRAND IMAGE:
ra)
rb)
The following table shows that, some of the brands of respondents selected BRAND
IMAGE is their main motive
rc)
rd)
Brand Image
rf)
HERO
rh)
BAJAJ
rj)
HONDA
rl)
SUZIKI
rn)
Total
re)
No of respondents
rg)
40
ri)
20
rk)
30
rm) 10
ro)
100
rp)
rq)
rr)
No of respondents
120
100
80
No of respondents
60
40
20
0
HERO
BAJAJ
HONDA SUZIKI
Total
rs)
rt)
ru)
INFERENCE:
rv) Respondents:
rw)
rx)
Respondents who want to buy the BIKE of a particular brand:
ry)
rz)
sa)
Brand
sc)
HERO
se)
BAJAJ
sg)
HONDA
si)
SUZIKI
sk)
Total
sb)
No of respondents
sd)
40
sf)
15
sh)
30
sj)
15
sl)
100
sm)
sn)
so)
No of respondents
120
100
80
No of respondents
60
40
20
0
HERO
BAJAJ
HONDA SUZIKI
Total
sp)
sq)
sr)
INFERENCE:
The above table shows 40% of the respondents want to buy HERO BIKES.
ss)
st)
su)
sv) CHAPTER-IV
sw)
sx)
sy)
sz)
ta)
tb)
tc)
td)
te)
tf)
tg)
th)
ti)
tj)
tk)
CONCLUSION
tl)
45% of the respondents are Hero MotoCorp Ltd customers and hence it is most
tm)
Preferred BIKE brand out of various brands.

tn)
Hero MotoCorp Ltd 150CC is the most preferred model out of all products
to)
60% of the respondents are considering Hero MotoCorp Ltd brand before
tp)
Purchasing there for use.
tq)
Most of the respondents are getting information through friends
tr)
Before purchasing the BIKE.
ts)
Most of the respondents are Wanting good satisfaction with dealer
tt)
Service comparing to other brands.
Most of the respondents are giving more preference to mileage.
60% of the respondents are affecting by their friends and relatives.
tu)
tv)
tw)
tx)
ty)
tz)
ua)
ub)
uc)
ud)
ue)
uf) FINDINGS
ug)
50% of the Hero MotoCorp Ltd customers are business people and 32% of the customers
are private employees.
Most of the respondents belong to the age group of 18-50 years.
Hero MotoCorp Ltd 150CC is the most preferred model in the Hero MotoCorp Ltd
products.
Most of the respondents getting information through the Media and friends before
purchasing the vehicle.
Most of the respondents are motivated by their friends and family members.
Most of the respondents have good satisfaction with the performance of their BIKE
strength.
64% of the respondents are satisfied with the mileage of their BIKE.
Most of the respondents felt that the price is reasonable.
Cent percent of the respondents satisfied with the response of the sales executive at first
visit.
60% of the Hero MotoCorp Ltd users have good satisfaction with the performance given
b the company.
Most of the respondents are satisfied with the response of the company to the complaints
given by the customers.
Most of the respondents are satisfied with the fulfillment of promises by the company.
uh)
ui)
uj)
uk)
ul)
um)
un)
uo) SUGGESTIONS
up)
The BIKEs recently introduced by Hero MotoCorp Ltd are mostly concerned about home
base. So, they should also consider commercial people while manufacturing.
uq)
Indian market is a price sensitive markets the BIKEs should be at Minimum price with
maximum quality.
ur)
The standard of pricing should be improved.
Advertisements in Televisions, offers should be increased to attract the People.

us)
If Hero MotoCorp Ltd can improve in Performance and brand image it will be the best in
all the other competition brands.

ut)
uu)
uv)
uw)
ux)
uy)
uz)
va)
vb)
vc)
vd)
QUESTIONNAIRE
BUYING MOTIVES FOR TWO WHEELERS
ve)
vf)
1. NAME:
vg)
vh)
2. AGE
vi)
vj)
18-25
25-35
Above-45
vk)
vl)
3. GENDER
vm)
vn)
Male
Female
35-45
vo)
vp)
4. EDUCATION
vq)
vr)
Under Graduate Graduate
Post Graduate
Professional
vs)
vt)
5. OCCUPATION
vu)
vv)
Student
Business
Govt. Employee
Private Employee
vw)
vx)
6. INCOME PER MONTH
vy)
vz)
5000-10000
10000-20000
20000-30000
wa)
wb)
7. DO YOU HAVE OWN BIKE
wc)
wd)
Yes
No
we)
wf)
8. IF YES, WHICH BRAND YOU HAVE
wg)
wh)
HERO
SUZUKI
BAJAJ
HONDA
wi)
wj)
9.
WHAT IS THE MAIN MOTIVE BEHIND PURCHASING THAT BRAND?
wk)
wl)
Performance
FEATURES
Price
wm)
wn)
TRANSPORT
Reliability
Brand Image
wo)
wp)
10
BRAND BIKE ?
wq)
IN WHICH WAY YOU PREFERED IN BUYING THAT PERTICULAR
wr)
Advertisement
Referred from friends & Relatives
ws)
wt)
Technology
Finance Schemes
Offers
wu)
wv)
11. RANK THE BIKE YOU OWN ON THESE FACTORS
ww)
wx)
wy)
xe)
xl)
xs)
Performan
ce
mileage
wz)
xa)
POOR
xf)
RAGE
xg)
xm)
Features
xt)
xn)
xu)
AVE xb)
OD
xh)
xo)
xv)
GO xc)
VE xd)
RY GOOD
xi)
ELLENT
xj)
xp)
xk)
xq)
xw)
xr)
xx)
xz)
Price
ya)
yb)
yc)
yd)
xy)
ye)
yg)
Pick up
yh)
yi)
yj)
yk)
yf)
yl)
yn)
Reliability
yo)
yp)
yq)
yr)
ym)
ys)
yt)
Brand
Image
yu)
yv)
yw)
yx)
yy)
EXC
yz)
za)
zb)
zc)
zd)
ze)
12. IF YOU DONT USE BIKE, THEN WHICH BRANDS YOU PREFER TO BUY?
zf)
zg)
HERO
zh)
zi)
zj)
zk)
SUZUKI
BAJAJ
HONDA
zl)
zm)
13.
WHAT IS THE REASON FOR SELECTING THAT BRAND?
zn)
zo)
Performance
Price
Mileage
zp)
zq)
Finance Facility
Brand Image
Reliability
zr)
zs)
zt)
14.
IN WHICH WAY YOU PREFERED IN BUYING THAT BRAND?
zu)
zv)
Offer
Advertisement
Referred from Friends &
Relatives
zw)
zx)
Technology
Finance Schemes
zy)
zz)
aaa) BIBILIOGRAPHY
aab)
aac)
S.No. AUTHOR NAME
REFERED BOOKS
aad)
1. PHILLIP KOTLER
aae)
Principles of Marketing 11th Edition

Prentice Hall India.
aaf)
2. PHILLIP KOTLAR
Marketing Management Millennium
aag)
Edition.Prentice Hall India
aah)
3. V.S.RAMASWAMY &
aai)
NAMAKUMARI
Marketing Management -7th Edition

Millennium India Ltd.
aaj)
4. RICHARD R STILL
aak)
Sales Management -5th Edition

aal)
5. G.C.BERI
aam)
Marketing Research -6th Edition

Tata McGraw Hill Co.Ltd.
aan)
6. LUCK DAVID &
aao)
ROBIN RONALD
aap)
aaq)
WEB SITES
aar)
WWW.GOOGLE.COM
aas)
WWW.HERO HONDA.COM
aat)
WWW.GOOGELFINANCE.COM
aau)
WWW.INDUSTRYSINDIA.COM
aav)
aaw)
Marketing Research -7th Edition

aax)
aay)
aaz)
aba)
abb)
abc)
abd)
abe)
abf)
abg)
abh)
abi)

Study consumer buying behaviour Hyderabad

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A Project Report on

A Study on CONSUMER BUYING BEHAVIOUR

A Project Report submitted to JNTUH in partial fulfillment of the

MASTER OF BUSINESS ADMINISTRATION

Under the guidance of

DEPARTMENT OF MANAGEMENT STUDIES

This is to certify that the project report titled A Study on

University, is a record of confide work carried out by her under my

Head of the Department/Director

I hereby declare that this Project Report entitled A Study on

I am thankful to Mr. M.Lenin Babu M.B.A, Asst.Professor for being my

IVRCL, HYDERABAD for giving me an

opportunity to undergo an project in their esteemed organization.

I am thankful Dr.V.Vasudeva Rao, Principal and Dr.P.Narasimha

Automobile industry in India

The high wheelers

The next notable two-wheeler though was the

Name of the Directors

Mr. Brijmohan Lall Munjal

Chairman & Whole-time Director

Mr. Pawan Munjal

Managing Director & C.E.O.

Mr. Toshiaki Nakagawa

Joint Managing Director

Mr. Sumihisa Fukuda

Mr. Sunil Kant Munjal

Mr. Suman Kant Munjal

Mr. Takashi Nagai

Mr. Yuji Shiga

Mr. Pradeep Dinodia

Non-executive & Independent

Gen. (Retd.) V. P. Malik

Non-executive & Independent

Mr. Analjit Singh

Non-executive & Independent

Dr. Pritam Singh

Non-executive & Independent

Ms. Shobhana Bhartia

Non-executive & Independent

Non-executive & Independent

Mr. Ravi Nath

Non-executive & Independent

Dr. Anand C. Burman

Non-executive & Independent

BRIEF PROFILE OF DIRECTORS

No. Name of Company

Hero Honda Motors Limited

Chairman and Whole-time Director

Hero Honda Finlease Limited

Chairman and Director

Munjal Showa Limited

Chairman and Director

Easy Bill Limited

Rockman Industries Limited

Shivam Autotech Limited

KEY MILESTONES OF HERO HONDA

1989 New motorcycle model - "Sleek" introduced

New motorcycle model - "Karizma" introduced

New motorcycle model 'Karizma - ZMR' launched

New model Splendor Pro launched

PROMINENT AWARDS TO THE COMPANY

Company of the Year awarded by Economic Times Awards for Corporate