customer satisfaction toward maruti suzuki

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DECLARATION I, Namexxxxxxxxx, hereby declare that the project titled “CUSTOMER SATISFACTION TOWARDS MARUTI SUZUKI” in VARUN MOTORS, has been submitted by me to the Department of Business Administration, JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY., is a genuine work of mine and it has not been submitted to any others university or Institution for the award of any degree / diploma / certificate or published any time before. Place: Hyderabad Date: (Namexxxxxxxxx) 1

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  • DECLARATION

    I, Namexxxxxxxxx, hereby declare that the project titled CUSTOMER

    SATISFACTION TOWARDS MARUTI SUZUKI in VARUN MOTORS, has been

    submitted by me to the Department of Business Administration, JAWAHARLAL

    NEHRU TECHNOLOGICAL UNIVERSITY., is a genuine work of mine and it has

    not been submitted to any others university or Institution for the award of any degree /

    diploma / certificate or published any time before.

    Place: Hyderabad

    Date:

    (Namexxxxxxxxx)

    1

  • 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.

    2

  • TABLE OF CONTENTS

    Chapter- I Page numbers GENERAL INFORMATION 1-2 IMPORTANCE OF THE STUDY 3 SCOPE OF THE STUDY 4 OBJECTIVES OF THE STUDY 5Chapter- II INDUSTRY PROFILE 6-15

    BRIEF DESCRIPTION OF THE ORGANIZATION 16-26 PRODUCT PROFILE 27-33Chapter- III REVIEW OF LITERATURE 34-42Chapter: - IV METHODOLOGY RESEARCH DESIGN DATA COLLECTION 43-46 SAMPLING ANALYSIS

    Chapter- V DATA ANALYSIS AND INTERPRETATION 47-68Chapter- VI FINDINGS 69 CONCLUSION 70 RECOMMENDATIONS 71 APPENDIX 72-74 BIBLIOGRAPHY 75

    3

  • Chapter IGENERAL INFORMATION

    IMPORTANCE OF THE STUDYSCOPE OBJECTIVES

    4

  • Chapter IIINDUSTRY PROFILE

    BRIEF DESCRIPTION OF THE ORGANIZATIONPRODUCT PROFILE

    5

  • Chapter III

    REVIEW OF LITERATURE

    6

  • Chapter IVMETHODOLOGY

    RESEARCH DESIGNDATA COLLECTION

    SAMPLINGANALYSIS

    7

  • 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

    9

  • 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.

    VARIOUS ACTIVITIES THAT A MARKETER FOLLOWS

    Identifying specific markets for products and services;

    Identifying existing and future needs and wants of these markets;

    Guiding the development of products, packages and services to fill these needs at

    a profit, and

    Selling, delivering and collecting for, and effecting legal transfer of these goods services

    to the ultimate consumer or user.

    An even simpler definition and one easier to remember is the right product or

    service at the right price at the right place at the right time and doing it at a profit.

    DEFINITION OF MARKETING RESERACH

    The American Marketing Association defines marketing research as the

    systematic gathering, recording and analysis of data about problems relating to marketing

    of goods and services.

    According to Kotler, marketing research is the systematic design, collection

    analysis and reporting of data and finding relevant of a specific marketing situation

    facing the company.

    The key work in the above definition is systematic. This is the difference

    between research and haphazard gathering of findings. For a study/research to be

    systematic there must be two qualities in the least. First, it should be orderly so that the

    measurements have accuracy and there is a fair cross-section. Second, it should be

    implemented in analysis and interpretation.

    Now for a research to be systematic it should be planned in advance. Moreover to

    complete it, it should be interpreted. We thus arrive at a definition of marketing

    research;marketing research is the planning of and systematic gathering, recording,

    10

  • analysis and interpreting data about problems (or opportunities) relating to the marketing

    of goods and services.

    INTRODUCTION OF THE STUDY

    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.

    To find out this, I have done the survey.

    Customer Survey: Finding out the customer satisfaction on sales towards Maruti vehicle with reference to Maruti Suzuki Udyog Ltd.

    Finding out the customer satisfaction on dealership performance towards

    Varun Motors Ltd.

    For this survey, I have prepared a questionnaire; through this I collected data from

    customers.

    Sample Size of survey is 100 consumers. By analyzing these questionnaires, I found out

    the level of customer sales satisfaction on Maruti.

    In this report, I explained the analysis of questionnaire through graphs and tables.

    11

  • SCOPE OF THE STUDY

    The Sample Size is Limited, So as to give the accurate information regarding Customer

    Satisfaction.

    The scope is very limited, because attitude & expectations of the people change

    according to the time & situation.

    The study is restricted to both (twin cities) Hyderabad and Secunderabad and that to

    among 100 respondents.

    The study is conducted only for 60 days.

    Consistency was lacking with regard to the information given by few customers.

    The study is restricted to the certain area, so it could not give whole picture about

    Andhra Pradesh or India.

    12

  • OBJECTIVES OF THE STUDY

    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.

    To know the Level of Customer Satisfaction on Sales of Maruti Vehicle.

    To know the Customer Satisfaction on Performance of Dealer.

    To know whether the dealer renders after sales service, and if he, how far the

    consumers are satisfied with services rendered by dealer.

    To know the motivated factors to buy the MARUTI vehicle.

    To know the factors that influences the customer, to switch the brand.

    To know the customers are satisfied with price and service network

    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 2002-03, is

    estimated to have exceeded Rs.1,00,000 crore ( USD 22. 74 billion) in 2003-04.

    15

  • Automobile Dealers Network in India

    In terms of Car dealer networks and authorized service stations, Maruti leads the

    pack with Dealer networks and workshops across the country. The other leading

    automobile manufacturers are also trying to cope up and are opening their service stations

    and dealer workshops in all the metros and major cities of the country. Dealers offer

    varying kind of discount of finances who in tern pass it on to the customers in the form of

    reduced interest rates.

    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 1999-00, 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.

    Automobile Export Numbers

    The Key Factors behind This Upswing

    Sales incentives, introduction of new models as well as variants coupled with easy

    availability of low cost finance with comfortable repayment options continued to drive

    demand and sales of automobiles during the first two quarters of the current year. The

    risk of an increase in the interest rates, the impact of delayed monsoons on rural demand,

    and increase in the costs of inputs such as steel are the key concerns for the players in the

    industry.

    16

  • 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 2003-04, 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 GrowthOpposing 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

  • India car Industry:

    The recent move to globalize our economy has opened new vistas for car manufacturers

    in the country. The immediate post independence years saw very little development in

    automobile industry. A poor country like our s did not have a resource to invest in

    personal transportation.

    The Indian customers had to wait till the mod 1980s, a full 40 years after independence

    to see a car that the people wanted. December 1983 heralded a revolution in the Indian

    car industry. Maruti collaborated with Suzuki of Japan to produce the first affordable car

    for the average Indian.

    The maruti800 was the first version of Maruti to hit the Indian roads in December-1983.

    Since then it has been on a constant rise.

    At this time, the Indian car market had stagnated at the volume of 30000 to 40000 cars

    for the decade ending 1983. This was from Maruti taken over.

    The sales figure for the year 1993 reached up to 196820. The company reached a total

    production of one million vehicles in March 1994 becoming the first Indian company to

    cross this milestone. It crossed the two million mark in 1997.

    Fifteen years later, the Indian industry is on the verge of the extreme. It has around 45

    models of the cars. Today there are about 20 manufacturers in India.

    In March, 1994 Maruti Udyog Ltd., became the first Indian company to produce over one

    million vehicles, a land mark yet to be achieved by any other car company in India.

    Maruti is the highest volume car manufacturer in Asia.

    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.

    Mid size cars:

    The mid size cars are to supper middle class people of society.

    Business executives mainly use these cars.

    Under this we have Maruti SX4, Swift Dzire, Ford Fusion, Ford Fiesta, Opel

    Astra, Tata Indigo, Tata Marina, Honda City, Chevrolet Aveo, Hyundai Accent etc., and

    Hyundai Verna etc.

    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

  • Multi Utility Vehicle:

    MUVS are used for transportation purpose. As MUVs are very rugged and

    powerful vehicles they are used in hilly regions. Today there are a lot of players in the car

    segment. This has increased competition amongst the manufacturers.

    Under this we have Tata Sumo, Tata Sierra, Tata safari, Maruti Gypsy, Bajaj

    Tempo, Ford Endeavour, Toyota Quails, Toyota In nova, Mahindra Voyager, Mahindra

    Scorpio, Mahindra Bolero etc.,

    Now-a-days dealers and manufacturers are providing many attractive financial

    facilities for the consumers. This indicates that the manufactures will have huge demand

    in coming decades.

    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.

    Based on the price and size:

    A Segment (Till 3 lacks) : Maruti800, Omni.

    B Segment (3 to 4.5 lacks) : Zen, Wagon R, Alto, Santro, Matiz,

    Palio and Indica.

    C 1 Segment (4.5 to 6.5 lacks) : Esteem, Accent, Siena, Indigo, Ikon,

    Corsa, Swift.

    C 2 Segment (6.5 to 10 lacks) : Baleno, Astra, City and Lancer

    D Segment (10 lacks & above) : Octivia, Sonata, Mondeo, Accord,

    Carmy, Vectra, Corolla, Mercedes

    Based on Length as per SIAM (Society of Automotive Manufacturers):

    20

  • A 1 (Mini-Up to 3400mm) : Maruti800

    A 2 (Compact-3401 to 4000mm) : Zen, Wagon R, Alto, Santro, Matiz, Palio,

    and Indica.

    A3 (Mid-Size-4001 to 4500mm) : Esteem, Swift, Accent, Siena, Indigo, Ikon,

    Corsa, Baleno, Astra, City, Ambassador and

    Lancer.

    A 4 (Excutive-4501 to 4700mm) : Octivia, Contessa, Mercedes C-Class

    A 5 (Premium-4701 to 5000mm) : Sonata, Mondeo, Accord, Carmy, Vectra.

    A 6 (Luxury-5001 and above) : Mercedes S-class,

    C (Van Type) : Omni, Versa.

    B2 (Passenger Carrier) : Gypsy, Sumo, safari, Qualis, Armada, and

    Voyager.

    Coverage of Passenger Car Segments:

    Manufacturer A1 A2 A3 A4Maruti 1 3 2

    Hyundai 1 1 1Fiat 2 2Ford 1 1

    General Motors 2 1Honda 1 1Tata 1 1

    Mistibushi 1Toyota 2Skoda 1

    Daim lerChrysler 3

    The above table shows the coverage of passenger car segments of different industry

    players in India. The table showing the number of models they are introduced into the

    market in passenger car segment.

    Indian Car Market Trend

    21

  • 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

  • Market Share of Industry leaders in World Markets:

    Manufacturer Country Market ShareFord UK 20.1%

    Toyota Japan 27.8%Volkswageri Germany 28.2%

    General Motors USA 28.7%Maruti India 54.5%

    Industry Players:

    Maruti Udyog Ltd.

    Honda SIEL Ltd.

    Hindustan Motors.

    Daewoo Motors India Ltd.

    Toyota Kilo star

    Daimler Chryster India Pvt.Ltd

    Skoda Octivia

    Hyundai Motors Ltd.

    Fiat India Ltd

    TELCO

    Ford Motors India Ltd.

    General Motors Ltd.

    23

  • COMPANY PROFILE

    QUICK FACTS

    Year of Establishment February 1981

    Vision

    "The Leader in The Indian Automobile Industry,

    Creating Customer Delight and Shareholder's Wealth; A

    pride of India."Industry Automotive - Four WheelersListings & its codes BSE - Code: 532500

    NSE - Code: MARUTI

    Bloomberg: MUL@IN

    Reuters: MRTI.BO Joint Venture With Suzuki Motor Company, now Suzuki Motor

    Corporation, of Japan in October 1982.Registered & Corporate

    Office

    11th Floor, Jeevan Prakash

    25, Kasturba Gandhi Marg

    New Delhi - 110001, India

    Tel.: +(91)-(11)-23316831 (10 lines)

    Fax: +(91)-(11)-23318754, 23713575

    Telex: 031-65029 MUL IN Works Palam Gurgaon Road

    Gurgaon -122015

    Haryana, India

    Tel.: +(91)-(124)-2340341-5, 2341341-5Website www.marutiudyog.com

    Maruti Udyog Limited (MUL) was established in February 1981 through an Act of Parliament, to meet the growing demand of a personal mode of transport caused by the

    lack of an efficient public transport system.

    24

    http://www.surfindia.com/automobile/maruti-udyog-ltd.htmlhttp://www.marutiudyog.com/http://www.surfindia.com/automobile/suzuki-motor-corporation.htmlhttp://www.surfindia.com/automobile/suzuki-motor-corporation.html

  • 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.

    The company has a portfolio of 10 brands, including Maruti800, Omni, Premium small

    car Zen, international brands Alto and Wagon R, off-roader Gypsy, mid size Esteem,

    luxury car Baleno, the MPV, Versa and Luxury SUV Grand Vitara XL 7.

    In recent years, Maruti has made major strides towards its goal of becoming Suzuki

    Motor corporations R and D hub for Asia. It has introduced upgraded versions of

    Wagon R, Zen and Esteem, completely designed and styled in-house. Marutis

    contribution as the engine of growth of the Indian auto industry, indeed its impact on the

    lifestyle and psyche of an entire generation of Indian middle class, is widely

    acknowledged. Its emotional connect has also been ranked number one in J D Power

    Sales Satisfaction Survey 2004.

    Maruti products including Maruti800, the Zen and the Esteem have been rated best cars

    in their category in Total Customer Satisfaction Survey 2004 conducted by TNS

    Automotive.

    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.

    MUL Market Share:

    MUL has a 54.5% market share while all the remaining manufacturers could only make

    up 45.5%.

    MUL is the world leader in Market Share and sets a bench mark that is hard to achieve.

    26

  • The Objective of MUL:

    Modernization of the Indian Automobile Industry.

    Production of fuel-efficient vehicles to conserve scarce resources.

    Production of large number of motor vehicles which was necessary for economic growth.

    The Revolution:

    Maruti created history by going into production in a record 13 months. ON 14th

    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.

    MUL Core Values:

    28

  • Customer Obsession

    Fast, Flexible and First Mover

    Innovation and Creativity

    Networking and Partnership

    Openness and Learning

    MUL Quality Systems:

    Consumer Satisfaction through Continuous Improvement of our Products and Services by

    following PDCA (PLAN-DO-CHECK-ACT) in all functions of our organization.

    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 on Road Service:

    24 hour break down service in 41 cities (9622962200)

    Maruti Genuine Parts:

    Genuine Parts available across the length and breadth of the country.

    Info Call Centers:

    24 hour information call centers in 6 cities Delhi, Gurgaon, Mumbai, Chennai,

    Bangalore, Hyderabad.(1600111515)

    The motive is to offer quality & professional service in the areas of car

    customer requirements.

    Maruti True Value:

    Total peace of mind is selling/Buying old Cars. Basically achieving two

    objectives viz.Exchange of Car and sale of used car.

    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

    Maintenance Servicing Registration Insurance

    Emergency Assistance

    Maruti Genuine Accessories:

    Ease of Availability

    Assured quality standards

    Most reasonable priced

    No alterations required to fitting MGAs

    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 PersonnelChairman Mr. Shinzo Nakanishi

    Managing Director Mr. Jagdish KhattarSenior Joint Managing Director Mr. Tsuneo Kobayashi

    Joint Managing Director Mr. Hirofumi NagaoMr. Shinichi Takeuchi

    Director (Marketing & Sales) Mr. Shuji OishiDirectors Mr. Osamu Suzuki

    Mr. R C BhargavaMr. D. S. Brar

    Mr. Amal GanguliMs Pallavi Shroff

    Mr. Manvinder Singh Banga

    MARUTI SALES IN FEBURARY 2008:

    New Delhi, February 1, 2008: car market leader Maruti Udyog Limited sold 48,526 units

    in the domestic market in January 2008. This is a growth of 7.1 percent over January

    2007.

    In all, the company sold 50,109 units, including 1,583 units of exports, during

    January 2008. The companys volume in the domestic A2 segment grew by 21.2 pre cent

    compared to January 2007. As published in Overdrive Magazine dated 15the March,

    2008.

    32

  • Indias Largest Sales & Service Network

    No matter where you are never far from a Maruti Service Station.

    1526 Authorized Service Stations

    Most dealers awarded ISO certification rest in the process getting it.

    356 Dealer workshops

    State of the art equipment and facilities

    922 cities covered

    Sales, services and support network cover the length and breadth of the country

    258 Sales Outlets in 169 cities

    Standardized service and specially trained service engineers

    Over the 2000 trained service personnel

    Quality of service in keeping with the needs of the customer

    Easy availability of affordable, Maruti Genuine Parts

    26 Spare Parts Stockiest

    11 MGP Shoppes (Boutiques)

    Product Range

    12 Models with 45 variants to satisfy all customer need.

    At least 2 models available in A1, A2 and A3 segments.

    Models available to meet varied requirements of the customers lifestyle.

    Models & Variants available to suit various customers needs.

    Range of vehicles to support physically challenged persons.

    33

  • Suzuki Motor Corporation

    Suzuki Motor Corporation was established around 75 years ago. Suzuki Motor

    Corporation is a pioneer and market leader in small car manufacturing segment in Japan.

    Further, Suzuki Motor Corporation is also a market heavy weight in motorcycle

    manufacturing sector.

    The company ranks 3rd overall after Honda motors and Yamaha motors. The company

    rose to pinnacle of success by providing designs, value-packed services and quality

    products to the customers world over. Its mini car section rolled out innovative yet

    economical passenger car for the masses. The company operates in more than 190

    countries across the world. Furthermore, the company is aggressively into motor sports.

    Suzuki Motor Corporation has forged joint ventures with a number of international

    players, to make cars. Its prominent international partners are General Motors and Maruti

    Udyog Limited, India.

    Suzuki Motor Corporation Indian partner - Maruti Udyog is India's leading maker of

    cars in India and shares more than 50% of car market in India. The company, in

    technological partnership with Suzuki Motors Corporation, manufactures models such as

    the Zen, Alto, and Gypsy. Maruti acts as a manufacturing hub for the international

    market. The model Alto is exported to many European countries. Maruti has four

    manufacturing units near New Delhi, India. Maruti produces around 350,000 cars

    annually. Further, to maintain the huge demand of Maruti cars in India, it has come up

    with a new manufacturing unit near Delhi, which will be made operational soon. Suzuki

    Motor Corporation Indian partner.

    34

  • Maruti Product Information

    Maruti 800 (Indias Largest Selling Car)

    Started the Automotive revolution in the country and have virtually become the wheels

    for the nation.

    Most popular car among the first time buyers.

    Known for reliability, fuel efficiency, least ownership cost and value for money.

    Proven & tested product to aspiring car owners.

    Most Affordable Car (NFO Auto Car survey)

    Maneuverability & ease parking

    Excellent pickup

    Good ride comfort

    M800 launched in 1983.

    M800 got the Hall of Fame Award, awarded by Auto Car.

    Variants: Std.E3, A/C E3

    Maruti OMNI

    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.

    35

  • GYPSY

    The Pioneering 4*4 in India

    Go Anywhere

    Guarding India

    Any Climate

    Variants: King hard-top, King soft-top

    ZEN ESTILO (SHAPES YOUR WORLD)

    Best premium compact car

    Highest reliability

    Grate drive

    Best car in Total Customer Satisfaction by NFO 2002

    No. 1 car in Europe 1 Autocar 1994

    Variants: AT, LX E3, Diesel, LXi E3, VXi, DPS

    ALTO (Lets go)

    More Spacious

    Meets International Safety Standards

    Unmatched Fuel Efficiency

    Fastest Car in its Segment

    Voted as Car of The year 2001 by Business Standards Motoring

    Voted as Car of The year 2002 by OVERDRIVE AWARDS

    Variants: LX, VXi, LXi

    36

  • WAGON R (Inspired Engineering) Its Magic

    Highest selling compact car in Japan

    Perfect combination of space, technology & value

    Unmatched Comfort

    Increasing Sales

    Interesting Types of Customers

    Rated as the best Family car by Star plus Good Morning India Show

    Rated as the best car by J.D.Power

    Variants: AX, LX, VXi, Pride, LXi

    ESTEEM (The New Power Version)

    Latest Safety Features

    Best Performance

    New appearance

    Variants: AX, Diesel, LX Upgrade, VX DGSD, VXi, DPS, VXi Upgrade

    VERSA

    Versatile Usage

    Easy Maneuverability

    Flexi Seating

    Good All Round Cooling

    Variants: DX, DX5s, DX2, DX25s, SDX

    BALENO (Surprising Performance)

    Luxurious Upgrade option to Maruti Owners

    Best Value for Money

    New standards in Comfort

    Variants: STD, ALTURA

    37

  • 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.

    38

  • VARUN MOTORS PVT.LTD.

    Founder and Managing Director, Mr. V. Prabhu Kishore holds a three decade

    Automobile experience in 'S'elling, 'S'ervicing and retailing 'S'pare parts of 2 wheelers, 3

    wheelers and 4 wheelers of top OEM's in India.

    The start of automobile business for Mr. Prabhu Kishore began with Padmaja

    Commercial Corporation, his family business in 1970's.

    In 1992, Mr. Kishore established his own undertaking VARUN MOTORS with Bajaj

    Auto dealership at Visakhapatnam in 1992. This dealership had marked the birth of the

    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.

    Some of Other Strategies:

    At Varun, the management interacts directly with customers, and communication is seen

    across all levels of management. We keep enough stock for customers to touch, feel and

    see.

    Many innovative and flexible finance schemes are tailor made to make the products

    easily available to all segments of customers. This is the main reason for highest sales in

    our outlets and has also raised the affordability levels of customers. We focus more on

    service than mere sales because we believe in getting back what we sow, and even more.

    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.

    Although customer-centered firms seek to deliver a high level of customer satisfaction

    than their competitors, they do not attempt to maximize the customer satisfaction. A

    company can always increase customer satisfaction by lowering the price and increasing

    its services. But this may result in lower profits. The company may be able to increase

    profitability along with customer satisfaction by improving its manufacturing or investing

    on the R & D.

    Satisfaction is the customers fulfillment response. It is a judgment that a product or

    service feature, or the product or service itself, provides a pleasurable level of

    consumption-related fulfillment.

    43

  • 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

  • What determines Customer Satisfaction?

    Customer Satisfaction is influenced by specific product or service features and

    by perceptions of quality as suggested. Satisfaction is also influenced by customers

    emotional responses, their attributions, and their perceptions of equity.

    Product and service features

    Customer Satisfaction with a product or service is influenced by significantly by the

    customers evaluation of product or service features. Research has shown that customers

    of services will make trade-offs among different service features (for example, price level

    versus quality versus friendliness of personnel versus level of customization), depending

    on the type of service being evaluated and criticality of service.

    Customer Emotion

    Customers emotions can also affect their perceptions of satisfaction with products and

    services. These emotions can be stable, preexisting emotions.

    Attributions for Service success or failure

    Attributions- the perceived causes of events influence perceptions of satisfaction as

    well. When they have surprised by an outcome, consumer tend to look for the reasons,

    and their assessments of the reasons can influence their satisfaction.

    National Customer Satisfaction Indexes

    Because of the importance of customer satisfaction to firms and overall quality of life

    many countries have a national index that measures and tracks customer satisfaction at a

    macro level. Many public policy makers believe that these measures could and should be

    used as tools for evaluating the health of the nations economy, along with traditional

    measures of productivity and price.

    Customer Satisfaction indexes begin to get at the quality of economic output, whereas

    more traditional economic indicators tend to focus only on quantity.

    45

  • The American Customer Satisfaction Index (ACSI)

    The ACSI, developed by researcher at the National Quality Research Center at the

    University of Michigan, is a measure of quality of goods and services as experienced by

    consumers. The measure tracks customer perceptions across 200 firms representing all

    major economic sectors, including government agencies. For each company

    approximately 250 interviews are conducted with current customers. Each company

    receives an ACSI score computed from its customers perceptions of quality, value,

    satisfaction, expectations, complaints, and future loyalty.

    Customer Expectations of Service

    Customer Expectations are beliefs about service delivery that functions as standards or

    reference points against which performance is judged. Because customers compare their

    perceptions of performance with these reference points when evaluating service quality,

    through knowledge about customer expectations is critical to services marketers.

    Knowing what the customer expects is the first and possibly most critical step in

    delivering quality service. Being wrong about what customers want can mean expending

    money, time, and other resources on things that do not count to the customer. Being

    wrong can even mean not surviving in a fiercely competitive market.

    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

  • Satisfaction versus Service quality

    Practitioners and writers in the popular press tend to use the terms satisfaction and quality

    interchangeably, but researches have attempted to be more precise about the meanings

    and measurements of the two concepts, resulting in considerable debate. Consensus is

    growing that the two concepts are fundamentally different in terms of their underlying

    causes and outcomes. Although the certain things in common, satisfaction is generally

    viewed as a broader concept, whereas service quality assessment focuses specifically on

    dimensions of service. Based on this view, perceived service quality is a component of

    customer satisfaction.

    Methods of measuring Customer Satisfaction

    A companys tools for tracking and measuring Customer Satisfaction range from

    Primitive to the sophisticated methods. Companies use following methods to measure

    how much Customer Satisfaction they are creating.

    Complaint & Suggestion Systems:

    A customer centered organization would make it easy for its customers who deliver

    suggestion and complaints. Many restaurants and hotels provides from guests to report

    their likes and dislikes. Some companies establish customer hot line with toll-free

    numbers to maximize the ease with which customers can inquire, make suggestions or

    complaints. This inform action flows provide this companies with many good ideas and

    enable then to act more rapidly to resolve problems.

    47

  • Customer Satisfaction Survey:

    A company may not conclude that it can get a full picture of customer satisfaction and

    dissatisfaction by simply running a compliant and suggestion system. Companies cannot

    use complaint level as a measure of customer satisfaction. Responsive companies obtain

    a direct measure of the customer satisfaction by conducting surveys. They send

    questionnaires or make phone call to random sample of their recent customer to find out

    how they feel about various aspects of the companys performance.

    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

  • While collecting customer satisfaction data it would be useful asking additional questions

    to measure the customers repurchase intention. This will normally be high if the

    customer satisfaction is high.

    It would be useful to measure the likelihood or willingness to recommend the company

    and brand to other persons. A high positive word or mouth score indicates that the

    company is producing high customer satisfaction

    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.

    Lost Customer Analysis:

    Companies should contact customers who have stopped buying or have switched to

    another supplier to learn why this happened.

    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

  • 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.

    Product & service features along with emotions of customer play a vital role on

    level of satisfaction.

    American Customer Satisfaction Index (ACSI), developed by researcher at the

    National Quality Research Center at the University of Michigan, is a measure of quality

    of goods and services as experienced by consumers.

    Methods of measuring Customer Satisfaction are;

    Complaint & Suggestion Systems

    Customer Satisfaction Survey

    Ghost Shopping

    Lost Customer Analysis

    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.

    To find out this, I have done the survey.

    Customer Survey: Finding out the customer satisfaction on sales towards Maruti vehicle with reference to Maruti Suzuki Udyog Ltd.

    Finding out the customer satisfaction on dealership performance towards

    Varun Motors Ltd.

    For this survey, I have prepared a questionnaire; through this I collected data from

    customers.

    Sample Size of survey is 100 consumers. By analyzing these questionnaires, I found out

    the level of customer sales satisfaction on Maruti.

    50

  • In this report, I explained the analysis of questionnaire through graphs and tables.

    Methodology used in collection of data is;

    1. Survey Research method

    2. Primary source of Data

    Questionnaires

    Direct Interviewing

    3. Secondary Source of Data

    Text books

    Internet

    Newspapers

    Magazines

    51

  • 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

    2. Primary source of Data:

    Meaning: Primary sources of data are the data which needs the personal efforts to collect

    it and which are not readily available.

    Primary sources of data are the other type of sources through which the data was

    collected.

    52

  • Following are few ways in which the data was collected:

    a) Questionnaires: Its set of questions on a sheet of paper was being given to the

    respondents of fill it, based on which the data was interpreted.

    b) Direct Interviewing: Direct interviewing involved the process where I asked the

    questions directly to the customers and got the feedback.

    3. Secondary Source of Data:

    Secondary sources are the other important sources through which the data were collected.

    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.

    The secondary sources helpful for study were:

    Text books like Marketing Management, Research Methodology, Advertisement and

    Sales Promotion.

    Internet was made use for the collection of the data.

    Newspapers were also referred.

    Business Magazines also referred.

    Some journals were also referred.

    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.

    6. Period of the Study:

    The Study is undertaken in the month of 20th May 2010 to 8thth Jul 2010.

    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

  • MODEL OF THE CAR OWNED BY THE RESPONDENTS

    The below table shows the all Maruti brand models, and table showing that model of the

    car owned by the respondents.

    56

    S. No Models No. of Respondents Percentage

    1

    2

    3

    4

    5

    6

    7

    8

    Maruti 800

    Omni

    Wagon R

    Alto

    Zen estilo

    Swift

    Swift Desire

    SX-4

    19

    04

    07

    32

    12

    13

    09

    04

    19

    04

    07

    32

    12

    13

    09

    04

    Total No. of Respondents

    100 100%

  • Table: 1

    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

    19

    47

    32

    12 139

    4

    05

    10

    1520

    25

    30

    35

    No. of Respondents

    Maruti800

    Omni WagonR

    Alto Zenestilo

    Sw ift Sw iftDesire

    SX-4

    Model Name

    Model of New Car Purchased

  • MODE OF AWARENESS OF THE RESPONDENTS

    The below table shows the awareness of the respondents towards the Marutis brand.

    S. No Modes No. of Respondents Percentage

    1

    2

    3

    4

    News papers

    Magazines

    Tv ads

    Friends / Relatives

    11

    23

    19

    47

    11

    23

    19

    47

    Total No. of Respondents 100 100%

    Table: 2

    58

  • 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.

    FEATURES THAT ATTRACTED THE RESPONDENTS

    The below table shows the special features of Marutis brand cars that attracted the

    respondents towards them.

    S .No Crucial No. of Respondents Percentage

    1

    2

    3

    4

    Price

    Mileage

    Service

    Brand Image

    34

    53

    7

    6

    34

    53

    7

    6

    59

    1123 19

    47

    0

    10

    20

    30

    40

    50

    No.of Respondents

    Newspapers

    Magazines Tv ads Friends /Relatives

    Mode

    Mode of awareness

  • TotalNo.ofRespondents 100 100%Table: 3

    67

    53

    340 10 20 30 40 50 60

    Price

    Mileage

    Service

    Brand Image

    Figure: 3

    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.

    Reasons for buyingMaruti

    Suits my needs

    Easy maintenance

    Good for IndianRoads

    Trust worthy

    Fuel efficient

    No. of Respondents

    76 55 88 79 68

    Table: 4

    60

    68

    79

    88

    55

    76

    0 10 20 30 40 50 60 70 80 90 100

    Suits my needs

    Easy maintenance

    Good for Indian

    Trust worthy

    Fuel efficient

  • 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.

    INFLUENCE ON RESPONDENT FOR DECISION MAKING

    The below table shows the how the influence changes the Decision making of the

    respondents to purchase the vehicle.

    S. No Influenced No. of Respondents Percentage

    1

    2

    3

    4

    Yourself

    Family

    Friends

    Advertisement

    48

    36

    6

    10

    48

    36

    6

    10

    Total No. of Respondents 100 100%

    Table: 5

    61

  • 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.

    RESPONDENTS FEELINGS ON QUALITY AND TECHNOLOGY

    The below table shows that respondents level of satisfaction on the Marutis quality and

    technology

    S. No Quality & Technology

    No. of Respondents Percentage

    1

    2

    3

    4

    Very satisfied

    Satisfied

    Indifferent

    Dissatisfied

    78

    19

    03

    00

    78

    19

    03

    00

    Total No. of Respondents 100 100%

    Table: 6

    62

    4836

    6 10

    0102030405060

    Yours

    elf

    Fami

    lyFri

    ends

    Adv

    ertise

    ment

  • Figure:6

    Figure: 6Interpretation:

    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.

    SATISFACTION LEVEL OF RESPONDENTS ON LUXURY & SPACIOUS

    The below table shows that the level of satisfaction of the respondents on Luxury and

    Spacious of Maruti vehicle

    S. No Luxury & Spacious

    No. of Respondents Percentage

    1

    2

    3

    4

    Very satisfied

    Satisfied

    Indifferent

    Dissatisfied

    81

    15

    04

    00

    81

    15

    04

    00

    Total No. of Respondents 100 100%

    63

    78

    19

    3 0

    01020304050607080

    No. of Respondents

    Verysatisfied

    Satisfied Indifferent Dissatisfied

    Level of Satisfaction

    Quality & Technology

  • Table: 7

    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.

    RESPONDENTS FEELING ON PRICE OF THE MARUTI VEHICLE

    The below table shows that respondents feeling on the price of the Maruti vehicle, that

    shows the satisfaction level of the respondents.

    S. No Price No. of Respondents Percentage

    1

    2

    3

    High

    Reasonable

    Low

    06

    37

    57

    06

    37

    57

    Total No. of Respondents 100 100%

    Table: 8

    64

    6

    37

    57

    0

    10

    20

    30

    40

    50

    60

    No. of Respondents

    High Reasonable Low

    Responces

    Price of MARUTI

    81

    154 0

    0102030405060708090

    No. of Respondents

    Verysatisfied

    Satisfied Indifferent Dissatisfied

    satisfaction level

    Luxury and Spacious

  • 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.

    RESPONDENTS FEELING ON PRICE OF SPARE PARTS

    The below table shows that respondents feeling on the price of spare parts of the Maruti

    vehicle, that shows the satisfaction level of the respondents.

    S. No Spare parts Price No. of Respondents Percentage

    1

    2

    3

    High

    Reasonable

    Low

    08

    24

    68

    08

    24

    68

    Total No. of Respondents 100 100%

    Table: 9

    65

    824

    68

    01020

    3040506070

    No. of Respondents

    High Reasonable Low

    Responces

    Price of Spare Parts

  • 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