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I,
Namexxxxxxxxx,
hereby
declare
that
the
project
titled
Place: Hyderabad
Date:
(Namexxxxxxxxx)
ABSTRACT
The main aim and objective of study is to find out customer satisfaction of Maruti
cars and to find the satisfaction level regarding the opinions, attitudes, and
perception of consumers using Maruti vehicles.
The main basis on which customer satisfaction level analyzed towards Maruti
vehicles are price, spare parts availability, mileage, and maintenance cost of the car.
Customer satisfaction depends on a products perceived performance in
delivering value relative to a buyers expectations. If the products performance falls
short of the customers expectations, the buyer is dissatisfied. If performance
matches expectations, the buyer is satisfied. If performance exceeds expectations,
the buyer is satisfied. If performance exceeds expectations, the buyer is delighted.
The data collected in this research is primary data and secondary data.
The primary data is collected through the mode of questionnaire. The sample
size of research is 100.
The research gives information about the customers are satisfied with
Maruti vehicles because of factors like availability of spares, service given at
service station, low maintenance cost, and price of vehicle is less when
comparing to other brands present in the market.
The customers are really looking for the good pickup vehicles in the
Maruti brand. By this we can say that company need to concentrate on fuel
efficient and attractive design cars to attract the all age groups.
Out of 100 respondents it is observed that 83% of respondents are feeling
that the overall performance of the Maruti vehicles is good, and 17% of respondents
are feeling that the overall performance of Maruti vehicles is excellent.
TABLE OF CONTENTS
Chapter- I
GENERAL INFORMATION
IMPORTANCE OF THE STUDY
SCOPE OF THE STUDY
OBJECTIVES OF THE STUDY
Chapter- II
INDUSTRY PROFILE
BRIEF DESCRIPTION OF THE ORGANIZATION
PRODUCT PROFILE
Chapter- III
REVIEW OF LITERATURE
Chapter: - IV
METHODOLOGY
RESEARCH DESIGN
DATA COLLECTION
SAMPLING
ANALYSIS
Chapter- V
DATA ANALYSIS AND INTERPRETATION
Chapter- VI
FINDINGS
CONCLUSION
RECOMMENDATIONS
APPENDIX
BIBLIOGRAPHY
Page numbers
1-2
3
4
5
6-15
16-26
27-33
34-42
43-46
47-68
69
70
71
72-74
75
Chapter I
GENERAL INFORMATION
IMPORTANCE OF THE
STUDY SCOPE OBJECTIVES
Chapter II
INDUSTRY PROFILE
BRIEF DESCRIPTION OF THE ORGANIZATION
PRODUCT PROFILE
Chapter III
REVIEW OF LITERATURE
Chapter IV
COLLECTI
ON
METHODOLO
SAMPLING
GY
RESEARCH ANALYSIS
DESIGN DATA
Chapter V
DATA ANALYSIS AND INTERPRETATION
Chapter VI
FINDINGS
CONCLUSION
RECOMMENDATIONS
8
INTRODUCTION OF MARKETING
MEANING AND DEFINITION OF MARKETING
Marketing, more than any other business functions deals with customers.
Creating customer value and satisfaction are the heart of modern marketing
thinking and practice. Marketing is the delivery of customers by promising
superior value and to keep current customers by delivering satisfaction.
The American marketing association has defined marketing, as marketing
is the performance of business activities that direct the low of goods and services
from producer to consumer or user.
In the words of Cundiff and Still marketing is the tem used to describe
collectively those business functions most directly concerned with the demand
stimulating and demand-fulfilling activities of the business enterprise.
Philip Kotler definition of marketing is marketing is a social and
managerial process by which individuals and groups obtain what they need and
want through creating and exchanging products and value with other.
FUNCTIONS OF MARKETING
Marketing as business authorities conceive it today is aboard function of
business composed of many elements.
Until recently even outstanding authorities defined marketing as the performance of
business activities that direct the flow of goods and services from producer to customer or
user. While this definition still not broad enough. It does not encompass the idea that
marketing also includes the identification of the market and the markets needs and that
is guides the development of the products and services to fulfill those needs profitably.
analysis and interpreting data about problems (or opportunities) relating to the
marketing of goods and services.
The study is to find out the level of Customer Satisfaction on sales towards the
Maruti vehicle. And to find out the Satisfaction on the performance of varun motors.
11
12
The study has been conducted in the twin cities the respondents chosen
randomly the sample size has been limited to 100, which may restrict to scope of
complexity of the study. The scope of the project could be broadened if the
project duration is extended and the strength be raised.
1 To know the Level of Customer Satisfaction on Sales of Maruti Vehicle.
2 To know the Customer Satisfaction on Performance of Dealer.
3 To know whether the dealer renders after sales service, and if he, how far
the consumers are satisfied with services rendered by dealer.
4 To know the motivated factors to buy the MARUTI vehicle.
5 To know the factors that influences the customer, to switch the brand.
6 To know the customers are satisfied with price and service network
7 To know the whether Maruti performance matching with the customer
expectations.
13
INDUSTRY PROFILE
Modern marketers are concentrating on the needs and wants of the people, and
then producing products, which satisfy those needs.
A turning point in transport came when the wheel was invented. One good point
about mean is that he never been satisfied with his achievements. He always
tries to improve his living conditions.
As time passes in 1888 Benz Company invented the first car in the world. In early
1900 year, lot of changes took place in culture, life style, standard of living was
improved. So many industries have entered in this field (4 wheelers) to improve
the QUALITY of the product in different parameters.
As well as in 1928 the first imported car was introduced in India, In 1942 Hindustan
Motors was incorporated and in 1944 Premiere automobiles was started its
manufacture. The growth was very less, but in early 90s tremendous changes took
place in all industries because of Globalization. Many companies have entered, to
start its manufacturing in India. Because of cheap availability of resources.
Particularly in India compact car segment, in the past eight years many car
makers have entered India hoping to tap its much wanted middle class.
Automobile manufacturers in India have, for decades, perpetuated the idea that they
know best not only about manufacturing and selling years but also what the customer
wanted. As a result even till the early 80s, customer was very often not able to choose
the colors of the car or scooter he bought. Indeed, motorcycles were usually back. So, to
the premium payable. Dealers were not much more than bagmen and the general
14
message was that the act of buying a new car was simply a monitory transaction
which resulted in a great favor being bestowed on the customer.
Over a period of more than two decades the Indian Automobile Industry has been
driving its own growth through phases. The entry of Suzuki Corporation in Indian
passenger car manufacturing is often pointed as the first sign of India turning to a
market economy. Since then the automobile sector witnessed rapid growth year
after year. By late-90's the industry reached self reliance in engine and
component manufacturing from the status of large scale importer.
With comparatively higher rate of economic growth rate index against that of
great global powers, India has become a hub of domestic and exports business.
The automobile sector has been contributing its share to the shining economic
performance of India in the recent years. With the Indian middle class earning higher
per capita income, more people are ready to own private vehicles including cars and
two-wheelers. Product movements and manned services have boosted in the sales of
medium and sized commercial vehicles for passenger and goods transport.
The data obtained from Ministry of Commerce and Industry, shows high growth
obtained since 2001-02 in automobile production continuing in the first three
quarters of the 2004-05. Annual growth was 16.0 per cent in April-December, 2004;
the growth rate in 2003-04 was 15.1 percent the automobile industry grew at a
compound annual growth rate (CAGR) of 22 per cent between 1992 and 1997.
With investment exceeding Rs. 50,000 crore, the turnover of the automobile industry
exceeded Rs. 59,518 crore in 2002-03. Including turnover of the auto-component
sector, the automotive industry's turnover, which was above Rs. 84,000 crore in 200203, is estimated to have exceeded Rs.1,00,000 crore ( USD 22. 74 billion) in 2003-04.
15
Government has liberalized the norms for foreign investment and import of technology
and that appears to have benefited the automobile sector. The production of total
vehicles increased from 4.2 million in 1998-99 to 7.3 million in 2003-04. It is likely that
the production of such vehicles will exceed 10 million in the next couple of years.
The industry has adopted the global standards and this was manifested in the
increasing exports of the sector. After a temporary slump during 1998-99 and 199900, such exports registered robust growth rates of well over 50 per cent in 2002-03
and 2003-04 each to exceed two and- a-half times the export figure for 2001-02.
As the players continue to introduce new models and variants, the competition
may intensify further. The ability of the players to contain costs and focus on
exports will be critical for the performance of their respective companies.
The auto component sector has also posted significant growth of 20% in 200304, to achieve a sales turnover of Rs.30, 640 crore (US$ 6.7 billion). Further,
there is a potential for higher growth due to outsourcing activities by global
automobiles giants. Today, this sector has emerged as another sunrise sector.
Even Growth
Opposing the belief that the growth in automobile industry has catered only to the
top income-stratum of society, Growth of exports of 32.8 % in the first three
quarters of 2004-05, the fastest growth in volumes has come from commercial
vehicles as against passenger cars.
Between 1998-99 and 2003-04, output of commercial vehicles has grown 2.8 times
compared to the 2.2 times increase in passenger cars. Furthermore, two-wheeler output
continues to dominate the volume statistics of the sector. In 2003-04, for every
passenger car turned out by the sector, there were 7 two-wheelers produced. In the two
wheeler segment, there is a greater preference for motorcycles followed by scooters,
with both production and domestic sales of motorcycles increasing at faster rates than
for scooters in the current and previous years. However, mopeds have registered low or
negative growth. Export growth rates have been high both for motorcycles and scooters.
17
Industry Structure
18
The Indian car market has been divided in to small cars, mid size cars,
luxury cars and multi utility vehicles.
Small cars:
It is the most preferable small car segment in Indian economy. Under this
segment we have Maruti 800, Maruti Wagon R, Maruti swift, Tata Indica, Hyundai
Santro, Fiat Palio, and Maruti Alto, Maruti Zen Estilo, Tata Nano, i10, spark, Astar etc.
These are the best suitable for Indian middle class people. These cars also suit
Indian roads and traffic conditions. The concept of small cars has emerged from Japan.
Small cars are fuel efficient with latest sleek look and advanced technology.
Luxury Cars:
The elite members of the society use these luxury cars. The luxury cars
symbol of success of a man.
Under this we have Maruti Grand Vitara, Ford Mondeo, Skoda Octavia,
Skoda Laura, Hyundai Sonata, Hyundai Elantra, Toyota Corolla, Toyota Cramy,
Mitsubishi Lancer, Mitsubishi Cedia, Honda Civic, Honda CRV, Honda Accord,
Chevrolet optra, Mercedes-Benz (S-class,E-class), etc.,
19
Car Segments:
With the expansion of Indian Automotive Market over a period of time the
car models have been grouped in to the following segments.
nd
Indica.
:
Esteem, Accent,
Siena, Indigo, Ikon,
Maruti800,
Omni.
Corsa,
Swift.
:
Zen,
Wagon R, Alto,
Santro, Matiz,
P
a
li
o
a
Based
on
Length as
per SIAM
:
Baleno, Astra,
City and Lancer
:
Octivia, Sonata,
Mondeo, Accord,
(Society of Automotive
Manufacturers):
20
4000mm)
A 1 (Mini-Up to 3400mm)
1A
(Compact-3401
to
Carmy,
Vectra,
Corolla,
Mercede
s
A3 (Mid-Size-4001 to 4500mm)
2A
to
3A
to
4
(Excutive-4501
4700mm)
5
(Premium-4701
5000mm)
4A
6 (Luxury-5001 and
1:
Maruti800
2:
3:
Corsa,
Baleno,
Astra,
City,
5:
B2 (Passenger Carrier)
Omni, Versa.
6:
Coverage
of
Passenge
r Car
Segments
:
Manufacturer
Maruti
Hyundai
Fiat
Ford
General Motors
Honda
Tata
Mistibushi
Toyota
Skoda
Daim lerChrysler
The Indian market was fuelled by entry of Maruti800 and A 1 Segment car was
the largest selling segment in market for many years and is still the single largest
selling model. With the entry of Zen in Indian market MUL offered the upgrade
option to A 1 segment owners as well as new buyers.
The present trend of market shows the tremendous growth in A 2 segment the
volumes of which has already crossed the A 1 segment in nos. and presently
constitutes approx 50% of total car market. It appears that A 2 segment will
continue to be the largest selling for many more years.
Maruti has 3 models with 13 variants in the growing A 2 segment and is
continuously consolidating its position in the segment.
With the continuously evolving market the A 3 segment is expanding at slow and
consistent rate. MUL has 2 models in the segment with 7 variants to suit
customer requirements.
The largest expansion is happening in A4 segment through importing completely built up
cars. However the volumes sold are very small and are limited to bigger cities.
22
Country
UK
Japan
Germany
USA
India
Market Share
20.1%
27.8%
28.2%
28.7%
54.5%
Industry Players:
1 Maruti Udyog Ltd.
2 Honda SIEL Ltd.
3 Hindustan Motors.
4 Daewoo Motors India Ltd.
5 Toyota Kilo star
6 Daimler Chryster India Pvt.Ltd
7 Skoda Octivia
8 Hyundai Motors Ltd.
9 Fiat India Ltd
10 TELCO
11 Ford Motors India Ltd.
12 General Motors Ltd.
2
3
COMPANY PROFILE
QUICK FACTS
Year of Establishment
February 1981
"The Leader in The Indian Automobile Industry,
Vision
Industry
Listings & its codes
Automotive
- Four Wheelers
Joint Venture
Reuters: MRTI.BO
With Suzuki Motor Company, now Suzuki Motor
Corporation, of Japan in October 1982.
Office
Works
Website
www.marutiudyog.com
A license and a joint Venture agreement were signed between Govt. of India and Suzuki
Motor Company (now Suzuki Motor Corporation of Japan) in Oct 1982. By which Suzuki
acquired 26% share of equity, with an option to increase it to 40% Suzuki exercised. In
1987 by increased its option equity to 40%. Suzuki Motor corporation further increased
equity to 50% in the year 1992, converting Maruti Udyog Limited into a non-government
company. Marutis total equity is 1322.92 million.
Maruti Udyog Limited, a subsidiary of Suzuki Motor Corporation of Japan, has been
the leader of the Indian car market for about two decades. Its manufacturing plant,
located some 25km south of New Delhi in Gurgaon, has an installed capacity of
3,50,000 units per annum, with a capability to produce about half a million vehicles.
25
The companys quality systems and practices have been rated as a benchmark
for the automotive industry world-wide by A V Belgium, global auditors for
International Organization for Standardization.
In keeping with its leadership position, Maruti supports safe driving and traffic
management through mass media messages and a state-of-the art driving
training and research institute that it manages for the Delhi Government.
The companys service business including sale and purchase of pre owned cars
(True Value), lease and fleet management service for corporate (N2N), Maruti
Insurance and Maruti Finance are now fully operational. These initiatives, besides
providing totally mobility solutions of customers in a convenient and transparent
manner, have helped improve economic viability of The Companys dealerships.
The company is listed on Bombay Stock Exchange and National Stock Exchange.
This section provides corporate overview of Maruti Udyog. its vision, quality
systems and technology, along with a brief historical perspective. It also offers a
link to Suzukis global site, information about export operations and details of the
companys social initiatives in the field of road safety, safe driving, Driving
Training Institute and environment care.
Additionally, this section contains information for those seeking career and
business opportunities with Maruti. It gives information on multiple channels for
contacting the company. There is also a link for accessing the monthly
newsletters. If you are looking for the latest media coverage on Maruti Udyog,
theres special section devoted to News & Events.
26
The Revolution:
Maruti created history by going into production in a record 13 months. ON 14 th
December 1983, the then Prime Minister of India, Mrs.Indira Gandhi, released the first
vehicle for sale by handing over the keys of a Maruti800 to Mr. Harpal Singh of Delhi.
MUL exceeds the volume targets, and in March 1994, MUL became the first Indian
company to produce over one million vehicles, a landmark yet to be achieved by any
other car company in India. Maruti is the highest volume car manufacturer in Asia,
outside Japan and Korea, having produced over 4 million vehicles by April 2003.
Maruti is one of the most successful automobile joint ventures and has made
profits every year since inception till 2000-01. In 2000-01 although MUL
generated operating profits on an income of Rs.92.5 billion, high depreciation on
new model launches resulted in a book loss. MUL is on the track for profits in
2001-02, with a profit of Rs.300 million in the first half. In this period sales have
increased by 5.3%, against an industry decline of 6.1%.
Maruti revolutionized type way Indians looked at cars. No other car company so
completely dominates its home market (The Economist). Maruti holds about 60% of
the total market share. MUL is the first and only car company in the world to lead its
home market in terms of both market share and in the JD Power Customer Satisfaction
study (JD Power Asia Pacific 2000 India Customer Satisfaction studies). It is also the
only car company in the world to be Top ranked four times in a row (2000-2001, 2002
&2003). Despite there being 15 companies in the passenger car market.
27
Transfer of Technology:
Every minute two vehicles roll out of the Maruti Plant. It is therefore imperative that the
transfer of contemporary technology from our partner Suzuki is a smooth process. Great
stress is laid on training and motivating the people who man and maintain the equipment,
since e the best equipment alone cannot guarantee high quality and productivity.
From the beginning it was a From the beginning it was a conscious decision to
send people to Suzuki Motor Corporation for on-the-job training for line
technicians, supervisors and engineers.
This helps them to imbibe the culture in a way that merely transferring technology
through documents can never replicate. At present 20% of our workforce have
been trained under this program.
Joint venture with SMC Japan, the most technically advanced compact car
manufacturer in the world.
MUL is the market leader in the introduction of auto technology, while most other
manufactures bringing in dated models from their collaborators.
MUL has introduced the latest 16*4 Technology for engines.
Technology that has been tried tested and trusted around the world for reliability,
economy & performance.
MUL Vision:
The Leader in the Indian Automobile Industry,
Creating Customer Delight and Shareholders Wealth;
A Pride of India.
Customer Obsession
Fast, Flexible and First Mover
Innovation and Creativity
Networking and Partnership
Openness and Learning
ISO 9001:2000
Employee Quality Measures
TS 16949:2002
ISO 9001:2000
Maruti approach to quality is in keeping with the Japanese practice. Build it into the
product. Technicians themselves inspect the quality of work. Supervisors educate
and instruct technicians to improve productivity and quality. The movement of quality
indicators is reviewed in weekly meetings by the top management.
In 2001, MUL became the first automobile company anywhere in the world get an
ISO 9000:2000 certification. AV Belgium, global auditors for International
Organization for Standardization, Leadership, Involvement of people, process
approach, system approach to Management, Continual improvement etc
Company Mission:
To provide a wide range of modern, high quality fuel efficient vehicle in order to
meet the need of different customers both domestic and export markets. There
are 258 sales outlets, 1838 service centers across 922 cities as on 01-03-2008.
Service available in 41 cities across the country.
29
Maruti Plus:
Express High way Service:
Introduced with service stations at convenient locations on National Highways.
Maruti Finance:
Increasing afford ability of purchases for the customer. To improve
purchase experience of the customer. Increased ownership of dealer over the
customer buying process.
30
Maruti Insurance:
Near cashless transaction
Quality repair by trained manpower
No loading insurance premium for claims
Maruti N 2 N:
End-to-End fleet management services designed for companies to free them of
all the hassles of manufacturing company cars.
Customized car policies
Accident Repairs
Extended Warranty:
Total peace of mind
Maruti assurance
Assured reliability of use of vehicle up to 4 years
No need to pay towards cost of parts as well as labor.
31
BOARD OF DIRECTORS:
MUL is a board managed company. Currently the directors on the Board are:
Position
Personnel
Chairman
Managing Director
Directors
32
Product Range
12 Models with 45 variants to satisfy all customer need.
At least 2 models available in A1, A2 and A3 segments.
3
3
34
This helps them to imbibe the culture in a way that merely transferring technology
through documents can never replicate. At present 20% of our workforce have
been trained under this program.
Joint venture with SMC Japan, the most technically advanced compact car
manufacturer in the world.
35
GYPSY
The Pioneering 4*4 in India
Go Anywhere
Guarding India
Any Climate
3
6
VERSA
Versatile Usage
Easy Maneuverability
Flexi Seating
Good All Round Cooling
GRAND VITARA
Vitara, Suzukis top of the line model is being imported as completely built
unit. Got very positive response when it was displayed at Auto Expo 2000.
3
8
Varun group.
Varun later ventured into 4 wheeler business with Maruti dealership at
Visakhapatnam in 1996 and at Hyderabad in 1998. Soon after, Varun Motors also
started its Bajaj dealership at Vijayawada in 1999.With its aggressive expansion,
Varun Motors was soon referred to as the Varun Group.
Varun has a construction company Varsha Builders Pvt.Ltd through which it builds
its own showrooms and workshops. Varun has also engaged in various other diverse
businesses such as Varun Leasing, Varun Finance, Lakshmi Finance and
Communications. Varun today supports over 2500 families and boasts of extensive
network of showrooms, workshops, office buildings and residential apartments.
39
INFRASTRUCTURE:
HYDERABAD:
Showroom is situated in the prime locality of Begum pet main road with a
3500sft.space. And work shops are located in Begum pet and Balanagar prime
locations. Begum pet workshop is constructed with a space of 1500 sft. And
equipped with MUL trained mechanics. Balanagar work shop constructed with
3600sft. Built up area in 3 levels. It is situated just 6Kms away from showroom
having MUL trained mechanics and equipped with modern equipments.
VISAKHAPATNAM:
Showroom is situated in prime locality of siripuram with a 17000sft, space.
It is one of the biggest show room in Maruti dealership.
Workshops are located one in siripuram with 1700sft. Another in Gajuwaka admeasuring
2500sft. & equipped with MUL trained mechanics and most modern equipments.
Dealership Achievements:
The management practices at Varun complements the pursuit of perfection. The speed
of adaptation to change and commitment to growth largely boosted the operational
efficiency of the organization. Varun's Zero Defect approach that has driven it to upgrade
its operating systems continuously earned it the 180 certification and No.1 position in the
market. Behind the success of Varun Group lies the saga of team work, aggressive
marketing, dedication, discipline, higher levels of sensitivity towards customers and
excellent HR practices. Varun's immense focus on service and customer care blitzes the
competition whilst its showrooms and workshops are also top notch. For example,
Varun's Maruti showroom in Visakhapatnam is the largest showroom in India whilst
Varun's workshops are equipped with up to date technology, modern inventory and world
class facilities. Our Maruti dealership at Vijayawada is in an outstanding 3S facility.
40
Awards:
Our practices and performance have made us the largest automobile dealer in
A.P and one of the top dealers for Bajaj and Maruti in the country. Below are few
of our dealership achievements at the national level.
Varun Motors was awarded Maruti PLATINUM thrice consecutively for the past 3
years in Balanced Scorecard (Platinum award is the highest rated award in Maruti).
Adjudged Indias No.1 Maruti dealer in Balanced Scorecard in 2003-2004.
Our very successful best practices like Customer Education Meet, Exclusive Test Drive
Team and few other HR practices have been adopted by other dealerships across the
nation. Committed customer service got us the ISO 9001-2000 Certification.
Varun's philosophy of serving the customer at his door step is the main reason
behind its expansion plan of workshops As the Indian economy is a 60%
agricultural economy, emphasis is given to rural marketing, mobile showrooms
and rural service centers with spares parts back up. Varun also has driving
schools. All services are under one roof, for ex: RTA, Insurance, extended
warranty, accessories, exchange and true value departments.
41
REVIEW OF LITERATURE
Satisfaction:
Satisfaction is a persons feelings of pleasure or disappointment resulting from
comparing a products perceived performance (out come) in relation to his or her
expectations.
As this definition makes clear, satisfaction is a function of perceived performance
and expectations.
If the performance falls short of expectations, the customer is dissatisfied. If the
performance matches the expectations, the customer is satisfied. If the
performance exceeds expectations, the customer is highly satisfied or delighted.
Many companies are aiming for high satisfaction, because customers who are
just satisfied still find it easy to switch when less good offer comes along. Those
who are highly satisfied are much less ready to switch. High satisfaction or
delight creates an emotional affinity with brand, not just a rational preference.
The result is high customer loyalty.
Some of todays most successful companies are raising expectations and
delivering performances to match. These companies are aiming for TCS-Total
Customer Satisfaction.
Consumers from their expectations on the basis of messages received from
sellers, friends and other information sources.
42
Customer Satisfaction:
Customer Satisfaction may be defined as a qualitative measure where in a
customer experiences various degrees of satisfaction until the performance of
the product matches his expectations.
Customers satisfaction with a product depends on the products performance
relative to the buyers expectations. If the performance of the product falls short
of his expectations the customer is dissatisfied. If the performance of the product
matches his expectations the customer is satisfied. If the performance of the
product exceeds his expectations the customer is highly satisfied. Customer
Satisfaction can be achieved through quality, value and service.
For a customer-centered company customer satisfaction is both a goal as well as a major
factor in the companys success. Companies that achieve high customer satisfaction ratings
must make sure that their target customers come to know of it. The companies must realize
that highly satisfied customers produce several benefits to the company. They are fewer
prices sensitive and they remain customers for the longer period. They also talk favorably
to the others about the company and its product and services.
In less technical terms, we translate this definition to mean that satisfaction is the
customers evaluation of product or service in terms of whether that product or
service has met their needs and expectations. Failure to meet needs and
expectations is assumed to result in dissatisfaction with the product or service.
In addition to a sense of fulfillment in the knowledge that ones needs have been
met, satisfaction can also be related to other types of feelings, depending on the
particular context or type of service. For example, satisfaction can be viewed as
contentment more of a passive response that consumers may associate with
services they dont think a lot about or services that they receive routinely over
time. Satisfaction may also be associated with feelings of pleasure or services
that make the consumer feel good or associated with a sense of happiness. For
those services that really surprise the consumer in a positive way, satisfaction
may mean delight. And in some situations, where the removal of a negative leads
to satisfaction, the consumer may associate a sense of relief with satisfaction.
It is also important to recognize that although were tend to measure customer satisfaction at
a particular point in time as if it were static. Satisfaction is dynamic, moving target that may
evolve overtime. Influenced by a variety of factors. Particularly when product usage or the
service experience takes place over time, satisfaction may be highly variable depending on
which point in the usage or experience cycle one is focusing on. Similarly, in the case of very
new services or a service not previously experienced, customer expectations may be barely
forming at the point of initial purchase; these expectations will solidify as the process unfolds
and consumer begins to form his or her perception. Through the service cycle the consumer
may have a variety of different experiences some good, some not good-and each will
ultimately impact satisfaction.
44
Customer Emotion
Customers emotions can also affect their perceptions of satisfaction with
products and services. These emotions can be stable, preexisting emotions.
Customer Perceptions
How customers perceive services, how they assess whether they have
experienced quality service, and whether they are satisfied.
Customers perceive services in terms of the quality of the service and how
satisfied they are overall with their experiences. These customer oriented terms
quality and satisfaction have been the focus of attention for executives and
researchers a like over the last decade or more. Companies today recognize that
they can compete more effectively by distinguishing themselves with respect to
service quality and improved customer satisfaction.
46
47
They will solicit buyers view on the competitors. Customer Satisfaction can be
measured in a number of ways.
It can be measured directly by asking indicate how satisfied you are with service
X on the following scale.
Highly Dissatisfied
Dissatisfied
Indifferent
Satisfied
Highly Satisfied
Respondents can be asked as well to rate how much they expected of a certain
attribute and also how much they expected it. (Derived Satisfied)
Another method is to ask respondents to list any problems they have had with
the offer and to list any improvements they could suggest. (Problem Analysis).
Finally, companies could ask respondents to rate various elements of the offer in
terms of the importance of each element and how well the organization
performed each element. (Importance, Performance rating).
The last method helps the company to know if it is under performing on
important elements and over performing on relatively unimportant elements.
48
Ghost Shopping:
Companies can hire persons to pose as potential buyers to report their findings on strong
and weak points they experienced in buying the companys and competitors product.
Satisfaction:
Satisfaction is a function of perceived performance and expectation. If the
performance matches the expectations the customer is satisfied. If the performance
exceeds the expectations the customer is highly satisfied and delighted. If the
performance does not match the expectations the customer is dissatisfied. Satisfaction
is a persons feelings of pleasure or disappointment resulting from comparing a products
perceived performance (out-come) in relation to his/her expectation. The link between
customer satisfaction and customer loyalty is proportional. The key to generating high
customer loyalty is to deliver high customer value. A companys value proposition is
much more than its positioning on a single attribute. Most of the successful companies
are raising expectations and delivering performances to match. These companies are
aiming for TCS Total Customer Satisfaction. Customer satisfaction is both a goal
and a marketing tool. Companies that achieve high customer satisfaction ratings make
sure that their target market is known.
49
In this report, I explained the analysis of questionnaire through graphs and tables.
5
1
METHODOLOGY
Data collection is most essential aspect of any research because the whole result
of research depends on the data and information hence, the methodology
adopted by me to collect the data final interpretation were through.
1. Survey Research:
This kind of research finds favor with almost all the social science researches. It
is one of the most popular methods of investigation, because a study of the
attributes and variables in relation to the population (The entire group of people,
inhabitants, items etcunder study) is easier and is more accurate.
Its suffers from a negligible magnitude of error. Now-a-days sample survey has
become an effective method for research. This is possible with the help of
personal interviews which are backed by questionnaires, direct oral observations.
Indirect oral observations and etc
52
These are the readily available sources of the data where one had need not put
much effort to collect, because it is already been collected and part in an elderly
manner by some researchers, experts and socialites.
53
4. Library Survey:
This was also undertaken for the collection of data. This type of research is
based on books like periodical, journals, documentations, and secondary data
etc which are available in the library.
5. Sample Size:
By using judgment Random Sampling Technique 100 respondents are selected for
the purpose of the study. Direct questionnaires are used to survey the customers.
54
SURVEY ANALYSIS
SATISTICAL TOOLS
Data Collection
Data is collected with prepared questionnaire by arranging personnel interviews when
customers are taking their vehicle at the delivery counter in the Varun Motors showroom.
Data Analysis
Consider the manner of data collection adopted the study analyzed the data on a
qualitative basis by decipher in individual opinion various options collected from
respective respondents are analyzed separately.
Data Interpretation
The data collection from each and every user is analyzed and interpreted individually
then compared together and presented in the form of tables and charts. In each table the
total respondents for particular questions predicted among them. The alternative
answers were for the particular questions are traced. The high percentage of the answer
is taken has correct answer then the data for that answer has been analyzed.
55
Models
Maruti 800
19
19
Omni
04
04
Wagon R
07
07
Alto
32
32
Zen estilo
12
12
Swift
13
13
Swift Desire
09
09
SX-4
04
04
100
100%
56
Table: 1
Model of New Car Purchased
35
32
30
25
No. of
20
Respondents
15
19
12
10
13
0
Maruti
800
Omni
Wagon
R
Alto
Zen
estilo
Sw ift
Sw ift
Desire
SX-4
Model Name
Figure: 1
Interpretation:
From the above evident, we can say that most selling car in Maruti is Alto, having
the 32 respondents here. And next most selling vehicles are the Maruti800, Swift
& Zen Estilo, having 19, 13 & 12 respondents respectively. And next upcoming
vehicle is Swift Desire, having 09 respondents over here. Wagon R has only 07
respondents, and other models have less sales according to this study.
57
S. No
Modes
No. of Respondents
Percentage
News papers
11
11
Magazines
23
23
Tv ads
19
19
Friends / Relatives
47
47
100
100%
Table: 2
5
8
Mode of awareness
50
40
No.of
30
47
Respondents 20
10
23
19
11
0
News
papers
Magazines
Tv ads
Friends /
Relatives
Mode
Figure: 2
Interpretation:
From the above chart, we observe that awareness is mainly from the friends/relatives
with 47% and then we see through magazines, T.V.ads and followed by news papers.
S .No Crucial
Price
34
34
Mileage
53
53
Service
Brand Image
59
TotalNo.ofRespondents
100
100%
Table: 3
Figure: 3
6
Brand Image
Service
Mileage
Price
0
Interpretation:
From the above chart,
It is concluded that
34% of them say that
price is crucial, 53% of
them say mileage
and7% & 6% of them
say service and brand
image.
MAIN REASONS
FOR BUYING
MARUTI VEHICLE
The table below shows
that reasons that
specified by the
respondents for buying
Maruti vehicle only.
10
20
Reasons for
buying
Maruti
Fuel efficient
No. of
Respondents
Suits my
needs
Easy
Good for
maintenance Indian
Roads
76
55
88
68
Trust worthy
Trust
worthy
Fuel
efficient
79
68
79
Table: 4
88
55
Suits my needs
76
0
10
20
30
40
50
60
60
70
80
90
100
Figure: 4
Interpretation:
From the above evident, we can say that most of the respondents said main reason is
Maruti vehicle is good for Indian roads. And also other main reason is Maruti trust
worthy. After this other reason is Maruti vehicle suits their needs. They also saying that
Maruti vehicle is fuel efficient. And also saying Maruti is easy maintenance vehicle.
Influenced
No. of Respondents
Yourself
48
48
Family
36
36
Friends
Advertisement
10
10
100
100%
Percentage
Table: 5
61
60
50
48
36
40
30
20
10
0
10
nt
e
s
ly
elf
o
ur
am
ti
Figure: 5
Interpretation:
From the above evident, we can say that 48% of them are influenced by them
self and 36% of them feel family play a vital role to purchase their vehicle.
And next followed by advertisement and friends.
No. of Respondents
Quality &
Technology
Very satisfied
78
78
Satisfied
19
19
Indifferent
03
03
Dissatisfied
00
00
100
100%
Percentage
Table: 6
62
No. of
Respondents
19
3
Very
satisfied
Satisfied
Indifferent
0
Dissatisfied
Level of Satisfaction
Figure:6
Figure: 6
Interpretation:
From the above evident, we can say that 78% of respondents are vert satisfied
with the Marutis quality & technology. And 19% of respondents are satisfied and
remaining 3% are indifferent. From this we can say that 97% are satisfied with
the quality and technology.
No. of Respondents
Luxury &
Spacious
Very satisfied
81
81
Satisfied
15
15
Indifferent
04
04
Dissatisfied
00
00
100
100%
Percentage
63
Table: 7
No. of
Respondents
81
15
20
10
0
Very
satisfied
Satisfied
Indifferent
Dissatisfied
satisfaction level
Figure: 7
Interpretation:
From the above evident, we can say that 81% respondents are very satisfied with
the Marutis Luxury and Spacious. And 15% of respondents are satisfied and
remaining 4% are indifferent. From this we can say that 96% are satisfied with
the quality & technology.
S. No
Price
1
No. of Respondents
High
Percentage
06
06
Price of MARUTI
37
60
57
50
40
No. of
Respondents
100%
30
20
10
0
57
37
6
High
Reasonable
Responces
Low
Figure: 8
Interpretation:
From the above evident, we can say that 57% respondents are saying that price
of Maruti is low, and 37% respondents are saying that price of Maruti is
reasonable and remaining 6% are saying that price is high. From this we can say
that 94% are saying that Maruti price is satisfied.
High
Percentage
08
08
40
68
Respondents 30
20
10
0
24
8
High
Reasonable
Responces
Low
Figure: 9
Interpretation:
From the above evident, we can say that 68% respondents are saying that price of
spare parts of the Maruti is low, and 24% respondents are saying that price of spare
parts of Maruti is reasonable and remaining 8% are saying that price is high. From
this we can say that 92% are saying that Maruti price of spare parts is satisfied.
Service Network
No. of Respondents
Very convenient
78
Percentage
78
Service Network
No of
Respondents
80
70
60
50
40
30
20
10
0
78
21
Very
convenient
Moderate
convenient
Responces
1
Inconvenient
Figure: 10
Interpretation:
From the above evident, we can say that 78% respondents are saying that service network
of Maruti is very convenient, and 21% respondents are saying that service network of Maruti
is moderately convenient and remaining 1% are saying that inconvenient. From this we can
say that 99% are saying that Maruti service Network is convenient.
Family
45
45
Long Drives
Shopping
100
100%
67
Shopping
Long Drives
Family
45
Office
44
0
10
20
30
40
50
Figure: 11
Interpretation:
From the above evident, It was observed that 44% of the respondents use there
vehicle for going to office, 45% of the respondents use there vehicle to take there family
out and 2% and 9% of the respondents use there vehicle for shopping and long drives.
2-4 Years
15
15
4-8 Years
68
68
12
12
100
100%
68
80
70
60
50
40
30
20
10
0
68
15
12
5
1-2Yrs
2-4Yrs
4-8Yrs
8Yrs&Above
Figure: 12
Interpretation:
From the above evident it is observed that 5% and 15% of the consumers
keep their vehicle 1-2years and 2-4years respectively, and 68% and 12% of
consumers keep their vehicle for 4-8years and 8years & above .
Particulars
No. of Respondents
Percentage
More comfortable
20
20
Comfortable
68
68
Less comfortable
11
11
Un comfortable
01
01
69
100
Table: 13
Un comfortable
Less comfortable
Comfortable
More comfortable
100%
1
11
68
20
10
20
30
40
50
60
on brand cars.
the
tot
Figure: 13
al
Interpretation:
From above
evident, it is
observed that
20% of them feel
more
comfortable, 68%
of respondents
feel comfortable,
and 11% of them
feel less
comfortable.
per
for
ma
nce
of
the
Ma
ruti
veh
icle
wh
en
co
RESPONDENT mp
S OVERALL
air
VIEW ON
PERFORMANC ed
E OF MARUTI
to
the
shows how
oth
respondents feel er
70
80
S. No
70
Particulars
No. of Respondents
Percentage
Excellent
17
17
Good
59
59
Average
24
24
Below average
00
00
100
100%
Table: 14
Performance of Maruti
59
60
50
No of
40
Respondents
30
20
24
17
10
0
0
Excellent
Good
Average
Below
average
Figure: 14
Interpretation:
From above evident, we can say that 17% respondents feel
performance of the Maruti is excellent when compaired to
other brands, and 59%, & 24% of respondents feel good &
average
respectively. This
shows
that
satisfaction
of
respondents.
Particulars
No. of Respondents
Percentage
71
Excellent
20
20
Good
54
54
Average
26
26
Below average
00
00
100
100%
Table: 15
Below average
26
Average
Good
Excellent
20
54
1
0
2
0
3In
0
Figure: 15
te
4rp
0re
ta
5
ti
0
72
MATION ABOUT
SERVICE
OFFERED
The below table shows
that how respondents
get
information
S. No
1
Information
given
Yes
95
No
05
05
100
100%
Table: 16
No, 5
,
Yes, 95
Figure: 16
Interpretation:
From the above chart we observe that 95% of the
respondents feel that information regarding free service is
provided them
Varun Dealership
Facility
No. of Respondents
Percentage
7
3
Outstanding
79
79
Acceptable
19
19
Average
02
02
Unacceptable
00
00
100
100%
Table: 17
Dealer Performance(VARUN)
No of
Respondents
80
70
60
50
40
30
20
79
10
0
Outstanding
19
Acceptable
Average
Unacceptable
Responces
Figure: 17
Interpretation:
From the above chart, we can say that 79% respondents
are given best ranking for varun motors dealership and
19% respondents are given good ranking that is accepting
and remaining 2% are saying that average.
DELIVERY TIME
The below table shows that the varun dealer has delivered
the vehicle at promised time or not.
7
4
S. No
On Time Delivery
No. of Respondents
Percentage
Yes
80
80
No
20
20
100
100%
Table: 18
80
80
60
40
20
20
0
Yes
No
Figure: 18
Interpretation:
From the above chart, it is observed that 80% of the respondents said that
vehicle is delivered on time and remaining 20% of the respondents are saying
that the vehicle is not delivered on time.
75
Performance of Executives
Excellent
Good
62
62
O.K
23
23
7
100
7
100%
4
Poor
Total No. of Respondents
Table: 19
7
Poor
6
2
23
O.k
Good
8
Excellent
0
20
40
60
80
Figure: 19
76
Interpretation:
It is observed that 8% of the respondents feel that performance of executives
is excellent, 62% of the respondents said that performance of the executives is good,
23%the respondents are saying the performance of the executives is ok and
remaining 7% of the respondents said that performance of the executives is poor.
S. No
1
Purchase/ Refer
Definitely
May Be
05
05
Never
00
00
100
100%
Table: 20
Recommend VARUN MOTORS to Others
May Be
Definitely
77
Figure: 20
Interpretation:
From the above chart it shows 95% of the respondents are ready to recommend
VARUN MOTORS to relatives and friends.
FINDINGS
1 We observe that awareness is mainly from the friends/relatives with 47%.
2 It is concluded that 34% of them say that price is crucial, 53% of
them say mileage.
3 Most of the respondents believe that Maruti is good
4 48% respondents take their own decisions and 36% through family members
5 78% people are very satisfied with quality and technology
6 Most of the people are very satisfied with luxury and spacious
7 57% respondents feel the price is very low, 68% of feel the price of spare
parts is less
8 78% respondents feeling on convenience of service network of Maruti.
9 45% respondents use their vehicle mostly and the purpose of the vehicle
has been purchased.
10 68% respondents expectations on Maruti vehicle to keep it for 4-8yrs
11 68% respondents feel comfortable while driving the Maruti vehicle.
12 59% respondents feel on the total performance of the Maruti
vehicle when compaired to the other brand cars.
13 95% respondents get information regarding the service offered by the
company to them.
14 79% respondents are given best ranking for Varun motors dealership
78
CONCLUSIONS
.
Most of the buyers are professionals and business people using the Maruti cars
Most of the respondents are saying that main reasons for buying Maruti are trust
About 94% the customers feel that the price of vehicle is affordable
99% of the respondents are highly satisfied with service network of Maruti.
. 45% of the respondents use there vehicle to take there family out and 44%
use for going to office.
Many of the Maruti car buyers are high middle class people, like to keep there
Vehicle 4years above. But professionals and business people like to
change there Vehicle after 2years.
Many of the respondents are satisfied with regard to mileage.
75% of the respondents are satisfied with overall performance of the vehicle
and 25% of the users are constant.
80% of the respondents said that the vehicle is delivering on time and 20% of
the respondents are not satisfied with vehicle delivery.
70% of the respondents said the performance of the executives was good,
23% of the respondents said ok.
79
95% of customers feel that they are getting information regarding free
service provided by the Maruti.
98% of the respondents are saying that VARUN MOTORS
performance is Outstanding.
Varun Motors are delivering the vehicle ay promised time.
All the respondents are saying that, they are willing to recommend the
Varun Motors dealer to others.
SUGGESTIONS
Maruti Company has to frame new strategies to gain all the potential customers.
80
QUESTIONNAIRE
Dear Sir,
I am the student of Mriet (J.N.T.U), conducting a survey on MARUTI in
twin cities. I would like to share some views and ideas with you.
Name :
Profession :
Address
2.
3.
4.
What are the features attracted you to buy the car you owning?(give the order of
preference 1-5)
my need ( )
( )
Suits
fuel efficient
5.
6.
7.
Low ( )
Low (
Inconvenient (
Long drives (
4-8 Yrs (
82
13. How do you feel when you drive yours MARUTI car?
More comfortable ( )Comfortable ( )
Less comfortable ( )
Uncomfortable ( )
14. How do you rate the over all performance of the car compared to
others? Excellent ( ) Good ( ) Average ( )
below average ( )
15. Please rank the mileage of the car when compared to other
cars? Very good ( ) Good ( ) Average ( )
below average ( )
16. Do you get information about the free service offered by the company? from time
to time?
Yes ( )
No ( )
17. How do you feel on VARUN MOTORS dealership facility?
Outstanding ( )
Acceptable ( )
Unacceptable ( )
Average ( )
...........................................................................
83
BIBLIOGRAPHY
NAME OF THE BOOKS
1. C.R. Kothari Research methodology Methods & Techniques. 2\e Vishwa
prakashan. (2006).
2. Phillip Kotler Marketing Management 11\e Pearson. (2007).
3. Phillip Kotler Marketing Management 12\e & 13\e Pearson. (2008).
4. Kerin. Hartley & Rudelius: Marketing the Core. McGraw-Hill, Irwin. (2007).
5. Phillip Kotler and Kelvin Lane Marketing Management 12\e Pearson
Education (2007).
WEBSITES
1. Www.learn marketing.com
2. Www.maruti Suzuki.com
3. Www.gurusoftware.com
84
4. Www. Wikipedia.com
MAGAZINES
Business Today: Customer value, satisfaction, loyalty and switching costs:
8
5