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BRAND IMAGE OF MOTORCYCLES AND THE COLOUR SURVEY
FOR THE BIKE COLOURS




                  SUBMITTED BY:




                    Roll No. :

INDUSTRY GUIDE                    FACULTY GUIDE
ACKNOWLEDGEMENT


Sincere gratitude is due to industry guide Mr. …………………………………., India
Yamaha Motor, Surajpur Plant, Greater Noida (U.P.) for mentoring. It is the result of his
esteemed guidance that this project culminated.

Special thanks is due to all the team of Product Planning and Brand Development for
their guidance.

Sincere gratitude is due to ………………………… (academic guide for this project).
TABLE OF CONTENTS
Chapter No.           Subject                                Page No.

Ch.-1.0               Executive Summary

      1.1                  Society of Indian Automobile Manufacturers

      1.2                  Other major motorcycle companies in Indian Market

      1.3                  Sales Figures of motorcycle companies in Indian Market

Ch.-2.0               Research Methodology

      2.1                 Problem Definition
      2.2                 Research Design
      2.3                 Sample Design.
      2.4                 Sample size
      2.5                 Scope of the Study
      2.6                 Limitations

Ch.-3.0               Industry & Company Profile

      3.1                  Industry Profile
              3.1.1         Two Wheeler Market Globally
              3.1.2         Two Wheeler Market: The Indian Scenario
              3.1.3          Rise of a Product: The motorcycles
              3.1.4          Market Segment for Motorcycles
      3.2                  Company Profile
              3.2.1         India Yamaha Motor Private Limited
              3.2.2         Vision
              3.2.3         Mission
              3.2.4         Core competencies
              3.2.5         Manufacturing process
              3.2.6         Conclusion
      3.3                  SWOT Analysis
Ch.-4.0               Data Collection

      4.1                  Primary Data

              4.1.1          Questionnaire
4.1.2           Questionnaire Design Process

Ch.-5.0            Findings & Data Analysis

Ch.-6.0            Conclusion

Ch.-7.0            Recommendation

Ch.-8.0            References

Ch.-9.0             Bibliography

Ch.-10.0            Annexure
EXECUTIVE SUMMARY



Some of the major players that dominate the global Motorcycle market are Honda,
Yamaha, Suzuki, Kawasaki, and Kinetic. Whereas the Indian market shows dominance
of players like Hero Honda, Honda, Bajaj Auto Ltd, TVS motors and Yamaha.

The focus of the study is INDIA YAMAHA MOTORS which holds approximately 3.5 %
market share in the Indian Motorcycle industry whereas it is the second biggest player in
the International Motorcycle Industry.



India Yamaha Motor (IYM) is a 100% subsidiary of Yamaha Motor Corporation of
Japan. Its manufacturing unit is in Surajpur while Faridabad Plant mainly caters to spare
parts and paint shop. These two plants support the production of motorcycles for
domestic as well as overseas market. Presently 8 models roll out of these two plants. The
infrastructure at both the plants supports production of motorcycles and it's parts for the
domestic as well as overseas market. At the core are the 5-S and TPM activities that fuel
lean Manufacturing Processes. The plants have In-house facility for Machining, Welding
processes as well as finishing processes of Electroplating and Painting till the assembly
line. The stringent Quality Assurance norms ensure that their motorcycles meet the
reputed International standards of excellence in every sphere.

The purpose of the project was to study the positioning of brand image in the minds of
the customers and also to study the colour preferences of the motorcycle customers.
Consumers should have favourable awareness of brand. Brand awareness and the ensuing
positioning in the minds of consumers differentiates successful organisation from failed
organisation. Harley Davidson has a sort of cult following among its customers. It is only
because the company has successfully ingrained its brand awareness in the psyche of
people. To succeed, in today’s rapidly evolving market place organizations should strive
continuously to increase awareness of their brands for the good.

       SOCIETY OF INDIAN AUTOMOBILE MANUFACTURERS

Society of Indian Automobile Manufacturers ( ISO 9001-2008 Certified Organisation) is
apex body representing 44 leading vehicle and vehicle engine manufacturers. It is the
face of the Indian automobile industry.

With its regular and continuous interaction with international bodies and organizations
SIAM facilitates up gradation of technical capabilities of the Indian Industry to match
the best practice worldwide.

Indian Automobile Industry is showing accelerating pace of growth rate across all

segments. According to Society of Indian Automobile Manufacturers, total sales for

all categories stood at 12,08,851 units as against 9,29,917 units for the corresponding

period a year-ago, a growth of 30%


However, SIAM director general cautioned that sales may be affected if the monsoon,

which the Met department has predicted to be good this year, becomes weak. Rising

inflation is another concern.


"If the government takes steps to control the money supply, then at some point of time

interest rates will be under pressure. We have to track it very carefully," Mr Mathur,

Director General SIAM, said.


Sales of two-wheelers in May also jumped by 28.66% over that of May 2009.

Motorcycle sales in India during May went up by 25.80% to 7,25,311 units from

5,76,537 units in the year-ago period.
The country's largest motorcycle maker Hero Honda registered a growth of 11.74% in its

sales at 4,01,320 units in May 2010.


Sales in rival Bajaj Auto also shot up by 68.73% to 1,91,726 units, while Chennai-based

TVS Motor Company posted a 21.21% growth at 52,319 units in May. Honda

Motorcycle & Scooter India (HMSI) saw its bike sales jump by 52.24% to 55,110 units.


In the scooter segment, the total sales in May jumped by 45.45% to 1,57,509 units as

against 1,08,291 units sold in the corresponding month last year, SIAM said.


HMSI's scooter sales were up by 28.03% at 76,980 units, while TVS Motor's scooter

sales grew by 40.19% in May to 30,567 units. Hero Honda's scooter sales jumped 23,738

units, an increase by 61.21% from last year.




Domestic Market Share for 2009-10
Automobile Domestic Sales Trends                      (Number
                                                                                 of
                                                                          Vehicles)
 Category      2003-04 2004-05 2005-06 2006-07            2007-08 2008-09 2009-10

 Passenger                1,061,5   1,143,0    1,379,97    1,549,8   1,552,7    1,949,77
 Vehicles      902,096         72       76            9         82       03            6

 Commerci
 al Vehicles   260,114   318,430    351,041     467,765   490,494    384,194     531,395

 Three
 Wheelers      284,078   307,862    359,920     403,910   364,781    349,727     440,368

 Two           5,364,2    6,209,7   7,052,3    7,872,33    7,249,2   7,437,6    9,371,23
 Wheelers           49         65       91            4         78       19            1
 Grand         6,810,5    7,897,6   8,906,4    10,123,9    9,654,4   9,724,2    12,292,7
 Total              37         29       28           88         35       43           70




OTHER MAJOR MOTORCYCLE COMPANIES IN THE INDIAN
MARKET




                     Hero Honda

The country's largest two-wheeler maker, Hero Honda, has reported 17.35 per cent rise in
sales at 414,638 units in the month of march, the best-ever figure reported by the
company for the month of March.The company had sold 353,342 units during March last
year, Hero Honda Motors Ltd (HHML) said in a statement.
HHML registered a cumulative sales of 4,600,130 units during 2009-10, against 3,722,000
units in the previous fiscal, up 23.59 per cent.
Hero Honda is recognized today as one of the most successful joint ventures in the world.



                    Bajaj
The Bajaj Group is amongst the top 10 business houses in India. The group's flagship
company, Bajaj Auto, is ranked as the world's fourth largest two- and three- wheeler
manufacturer .The country's second largest two- wheeler maker Bajaj Auto has reported
85.12 percent jump in its motorcycle sales at 244,828 units in March,2010. The company
had sold 132,253 units in March last year. During the entire 2009-10 financial year, the
company sold 2,506,749 units in the motorcycle segment, a jump of 31.39 percent over
1,907,853 units in the year-ago period, it added.BAL attributed the growth to robust sales
of Pulsar and Discover range of bikes.
In March, total two-wheeler sales jumped by 84.57 percent to 244,889 units compared to
132,683 units in the same period a year ago, the statement said.




                TVS
TVS Motor Company is the third largest two-wheeler manufacturer in India and one
among the top ten in the world, with annual turnover of more than USD 1 billion in
2008-2009, and is the flagship company of the USD 4 billion TVS Group.
Motorcycle segment registered a growth of 7 % in March 2010 with sales of 64,120
units in March 2010 when compared to 59,796 units in the same month of the year,2009.




                       SUZUKI
SUZUKI MOTORCYCLE INDIA PRIVATE LIMITED is a subsidiary of Suzuki Motor
Corporation Suzuki Motorcycle India reported a jump of 76.13 per cent in its sales in
March at 21,752 units, on the back of good response to its new products.
The company had sold 12,350 units during March 2009,
Honda Motorcycle and Scooters India Ltd
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SALES FIGURE OF MOTORCYCLE COMPANIES IN THE INDIAN
MARKET
Chapter 2
RESEARCH METHODOLOGY
Random Survey was used for the primary data collection. The period of survey was from
19-05-2010 to 26-05-2010.

The questionnaire consisted of 21 questions in all.

Sample size was limited to 345.

MOTORCYCLE BRANDS CONSIDERED
Only the brands actively present in the Indian motorcycle were considered namely-

   1. Hero Honda Motorcycles Limited.

   2. Bajaj Auto Limited.

   3. India Yamaha Motor Private Limited.

   4. Honda Motors and Scooters Limited.

   5. T.V.S. Motor Limited.

   6. Suzuki Motorcycle Limited.

   7. ‘Others’ was used as a generic category for all other brands.




2.1 Problem Definition



Random Sampling was used for the surveying for the purpose of primary data collection.



Purpose of the survey was to study the following in particular:



   • To understand the Brand Image of Yamaha vs. its competitors so as to help the
       company to focus on its marketing plan and strengthen its future positioning.
•   The target group of Yamaha is youngsters so the target group for our study is
       mainly young people mainly in the age group of 18-35 years so that we can know
       about their view and perception about Yamaha.
   • To check the quality of awareness of Yamaha and its competitors among the
       Indian customers.
   • To check the present performance of the companies and study the attributes which
       are liked and considered by people and also to know about the reputation of
       company in market.
   • To study the parameters which people associate with a certain Brand.
   •   To check the effectiveness of present TVCF and other advertising and
       promotional media.
   • To study the chemistry behind preference of a particular bike preference and is the
       colour preference uniform across all other products they buy.
   •   Characteristics the buyers associate with different colours.




2.1 Research Design
       The data obtained from the survey was sorted out in a proper sequence for
       analysis purpose. Incomplete questionnaires were discarded. Analysis was done
       thereupon using Microsoft Office Excel 2007 platform. Extensive use of bar-
       graphs, pie-charts was employed. Where there were more than more than one
       preference for a given question, proper weightage was given       to the different
       preferences according to the order of preference.
       Microsoft Office Excel 2007 is a general analysis platform from Microsoft
       Corporation.    U.S.A.     Microsoft Office Excel has gained across industry
       acceptance for the simplicity and completeness for analysis purposes.
The results obtained from the analysis using Excel platform are usually not
       directly applicable but nevertheless present the bare facts and data can thus be
       deciphered.




2.3 Sample Design

Basis of Sampling Plan and Sample Size

Sampling is the component of our research design. A Sample is a subgroup of the
population for participation in the study.

   • Target population - Males between the age group of 18 – 60 years
The target group of motorcycles is youngsters so the target group for our study are
mainly young people mainly in the age group of 18- 40 years so that we can know about
their view and perception about Yamaha. Age group above 40 till 60 was also considered
so as to gain comprehensive picture of the Indian motorcycle market

   •   Sampling technique - Judgmental sampling was used.
Judgmental sampling is a type of non-probability sampling. Population elements are
selected on the basis of judgment of researcher. Researcher chooses elements to be
selected in the sample. Of all sampling types, convenience sampling is least expensive
and least time consuming. Non-Probability sampling procedure was used. Non-
Probability Sampling relies on the personal judgment of the researcher rather than chance
to select sample elements. Researcher decides which elements to take in the sample.
Because there is no way of determining the probability of selecting any particular
element for inclusion in the sample, the estimates obtained are not statistically
projectable to the population. For data gathering purposes friends, relatives, were
surveyed. Also spot surveys were conducted in the Vehicle parking stands of MMX Mall
(Sahibabad) and Shipra Mall (Ghaziabad).

   •   Sample size (N) – 345
Sample size refers to the number of elements to be included in the study. Determining the
sample size is complex and involves several qualitative and quantitative considerations.
Import qualitative features that we considered in determining the sample size include:

    1. Importance of the decision
    2. Nature of the research
    3. Number of variables
    4. Sample sizes used in similar studied
    5. Complication rates
    6. Resource constraints

Extent ( Area covered)

          Delhi -1       N.Delhi-176                Noida-21  Gr. Noida-14
          Gurgaon-8           Ghaziabad-118         Meerut-6 Muradabad-1




2.4 Scope of the Study


The project is concerned with the motorcycle customers of Delhi & NCR. It is aimed to
analyze the brand image of six major players of Indian motorcycle industry. The project
includes a detailed study of various parameters that people associate with a certain brand
and attributes which are liked and considered by people. It also aims to check the quality
of awareness of Yamaha and its competitors. Also the chemistry behind the different
colour preferences of people was studied. Aim was to study the attributes, if any, people
form with regard to different colours.



2.5 Limitations:

   i)     The survey was restricted to Delhi and NCR region (Ghaziabad, Gurgaon,
          Noida, Greater Noida, Meerut, Muradabad.) in particular.
   ii)    Inadequate time to follow the customer response.
   iii)   Lack of experience in handling surveys.
   iv)    Most of the respondents were having inadequate time for filling in the
          questionnaire.
   v)     Unwillingness of respondent to provide information.
   vi)    Inability of respondent to provide the exact information.




   Chapter3

   Industry and Company Profile

   3.1 Industry Profile

   The Two Wheeler Market Globally

The two-wheeler industry is concentrated in the developing world, especially China and
India, which together account for over half the total worldwide sales of two-wheelers.
The Japanese manufacturers, Honda, Yamaha, Suzuki and Kawasaki, dominate the two-
wheeler industry globally. Currently, all major two wheeler markets, except India, are
dominated either by Japanese firms or their joint ventures.
Hero Honda Motor Cycles Limited, an Indian motorcycle company is the world leader by
sales.

Motorcycles are used for many different purposes. Some use it for daily commuting
( especially in developing and under-developed worlds) and for hobby pursuits( in
developed world). Harley Davidson, Royal Enfield, BMW, Yamaha etc are the
companies that satisfy this hobby pursuit of the people, the world over.

   Two Wheeler Market: The Indian Scenario

The Indian two-wheeler industry can be divided into three broad categories: scooters,
motorcycles and mopeds. Each of these categories can be further segmented on the basis
of several variables, like price, engine power, type of ignition, and engine capacity.

Today, India is the second largest producer and customer of two-wheelers in the world.
The Indian two-wheeler industry has undergone a significant change over the past 10
years with the preference changing from mopeds to scooters, and more recently, from
scooters to motorcycles. With the reduction in the price differential between scooters and
motorcycles, there has been a perceptible shift towards motorcycles because of their
better styling, higher fuel efficiency, and higher load carrying capacity.

Of late, scooters have made a resurgence. Honda Motors and Scooters India Limited is
the market leader in the scooter segment. Also female centric two-wheelers like Pep have
gained major portion of the market.




   Rise of a Product: The Motorcycles

Motorcycles are the most expensive of all two-wheelers. They are more powerful than
scooters and mopeds, have the highest load carrying capacity (which is essential for rural
areas), are fuel-efficient, have better road grip, and are also the most expensive. Besides,
motorcycles are viewed as “trendy” in the urban areas as compared with scooters and
mopeds.



The fortunes of the motorcycle industry changed after the announcement of the liberal
licensing policy in 1982 where by foreign collaboration were allowed. In 1982, the
Government allowed foreign players to enter the industry through joint ventures. Within
four years, the TVS Group tied up with Suzuki, the Hero Group with Honda, the Escorts
group with Yamaha and Bajaj Auto Limited (Bajaj Auto) with Kawasaki. TVS & Suzuki
introduced Ind-Suzuki in 1984, Hero Honda Motors Limited (HHML) launched CD100
in 1985, and both Escorts and Bajaj Auto launched their models in 1986-87.



Also, new entrants have entered the market by introducing their products at lower price
points, while the existing players have announced price cuts. This has led to price
competition in the domestic market.




   Market Segment for Motorcycles

The motorcycle market in India can be segmented on the basis of price and power. The
motorcycle market is divided into five segments. Basic category models priced between
Rs.30, 000 - Rs.40, 000. Here the focus is , by and large, on price and fuel efficiency. In
this category, Bajaj Auto has Platina , HHML has CD-Deluxe and Yamaha has Crux. In
the standard category i.e. Between Rs.31, 000 – Rs.42, 000, Bajaj Auto has Platina-125,
HHML has Splendor and Splendor NXG and Yamaha has Alba and GS-5.
Executive category models priced between Rs.43,000 and 55,000. These are models
with Japanese and European standards of engineering, styling, manufacturing and riding
comfort. This segment has strong brand such as Victor (TVS), Passion Pro and Super
Splendor (HHML), Discover (Bajaj Auto), Gladiator (Yamaha), Stunner and Shine
(HMSI) and Zesus (Suzuki). Deluxe category (Rs.56, 000 – Rs.67,000) includes FZ-S
and FZ-16 (Yamaha), Hunk and CBZ Xtreme (HHML), Pulsar150 and 180 (Bajaj),
Apache (TVS), Unicorn (HMSI) and GS-150 R (Suzuki). Premium category models
priced above Rs. 65,000. Bajaj Auto has the Pulsar 200 and 220, Apache- RTR EFI
(TVS) and R15 (Yamaha) and Karizma (HHML). HHML is the market leader in the
motorcycles segments. Since Honda has always been one of the global pioneers in
developing fuel-efficient engine technology, the unique selling propositions of all HHML
motorcycles are fuel efficiency and ease of maintenance. Motorcycles are positioned as
performance oriented, economy oriented and more recently, as products offering a mix of
performance and economy.




   3.2 Company Profile

   India Yamaha Motor Private Limited

India Yamaha Motor (IYM) is a 100% subsidiary of Yamaha Motor Corporation of
Japan. The company has its manufacturing unit in Faridabad and Surajpur, which
supports the production of motorcycles for domestic as well as overseas market.
Presently 10 models roll out of this two plant.




Year of Establishment            July 1, 1955 (Yamaha Japan)
Industry                         Motorcycle manufacturing

International Headquarter        2500 Shingai, Iwata-shi Shizuoka-ken, Japan



Vision

We will establish YAMAHA as the "exclusive & trusted brand" of customers by
"creating Kando" (touching their hearts) - the first time and every time with world class
products & services delivered by people having "passion for customers".



Mission

Be the Exclusive & Trusted Brand renowned for marketing and manufacturing of
YAMAHA products, focusing on serving our customer where we can build long term
relationships by raising their lifestyle through performance excellence, proactive design
& innovative technology. Our innovative solutions will always exceed the changing
needs of our customers and provide value added vehicles.

Build the Winning Team with capabilities for success, thriving in a climate for action and
delivering results. Our employees are the most valuable assets and we intend to develop
them to achieve international level of professionalism with progressive career
development. As a good corporate citizen, we will conduct our business ethically and
socially in a responsible manner with concerns for the environment.

Grow through continuously innovating our business processes for creating value and
knowledge across our customers thereby earning the loyalty of our partners & increasing
our stakeholder value.



Core competencies
1. Customer #1

Yamaha put customers first in everything they do. They take decisions keeping the
customer in mind.

2. Challenging Spirit

Yamaha strive for excellence in everything they do and in the quality of goods & services
they provide.

3. Team-work

They work cohesively with the colleagues as a multi-cultural team built on trust, respect,
understanding & mutual co-operation.

4. Frank & Fair Organization

Yamaha Motor is a company that has worked ever since its founding to build products
defined by the concepts of “high-quality and high-performance” and “light weight and
compactness” as they have continued to develop new technologies in the areas of small
engine technology and FRP processing technology as well as control and component
technologies.

It can also be said that their corporate history has taken a path where “people” are the
fundamental element and their product creation and other corporate activities have
always been aimed at touching people’s hearts. Their goal has always been to provide
products that empower each and every customer and make their lives more fulfilling by
offering greater speed, greater mobility and greater potential.

As a company that makes the world its field and offers products for the land, the water,
the snowfields and the sky, Yamaha Motor strives to be a company that “offers new
excitement and a more fulfilling life for people all over the world” and to use our
ingenuity and passion to realize peoples’ dreams and always be the ones they look to for
“the next Kando.”
Kando is a Japanese word for the simultaneous feeling of deep satisfaction and intense
excitement that people experience when they encounter something of exceptional value.



Manufacturing process

 IYM's manufacturing facilities comprises of 2 state-of-the-art Plants at - Faridabad
(Haryana) and Surajpur (Uttar Pradesh). Currently 10 models roll out of the two Yamaha
Plants. The infrastructure at both the plants supports production of motorcycles and it's
parts for the domestic as well as oversees market. At the core are the 5-S and TPM
activities that fuel agile Manufacturing Processes. They have In-house facility for
Machining, Welding processes as well as finishing processes of Electroplating and
Painting till the assembly line. The stringent Quality Assurance norms ensure that our
motorcycles meet the reputed International standards of excellence in every sphere.As an
Environmentally sensitive organization we have the concept of "Environment-friendly
technology" ingrained in our Corporate Philosophy. The Company boasts of effluent
Treatment plant, Rain water - Harvesting mechanism, a motivated forestation drive. IYM
Ltd. is IS0-14001 certified. All our endeavors give us reason to believe that sustainable
development for Yamaha will not remain merely an idea in pipeline.
Yamaha's               Motorcycle              operations             in             India




Conclusion

As the auto industry witnessed yet another year of good sales, there is clear evidence that
the dynamics of the Indian two-wheeler industry has changed significantly over the last
few years. While everyone knows that there has been constant shift in demand towards
motorcycles from geared scooters. Various companies have entered into the two-wheeler
industry.

There are various competitors of Yamaha comes from Hero Honda. The driver of growth
for Hero Honda was the launch of entry level, value-for-money bike “CD-Dawn” and the
upgraded version of “Splendor” and “Passion”. The company which had lost its market
share in FY02 has made a strong comeback and regained its share.

Secondly another company Bajaj is also leading in the two-wheeler in the market. The
success Bajaj’s latest model Pulsar has helped the company to stay clear of adopting an
aggressive price reduction strategy. Besides, the recently launched CT100 had also
enjoyed a fair degree of success. TVS is also trying to capture the good market share by
introducing the different models of bikes. The industry has now acquired the traits of the
consumer durable industry, of price wars, celebrity endorsement and ever-increasing
sales and promotional out go. Earlier, Hero Honda and Bajaj Auto were the only
producers of four-stroke motorcycles. Now, TVS Motor is also jostling for space in the
four-stroke market.

India Yamaha Motor last year achieved a dramatic turnaround on the back of the success
of its 125cc Enticer and 106cc Libero models. IYM is also trying to retain their market
share by introducing different bikes. They have launched two bikes in 2004 as change
Libero and Fazer. In 2008, they have launched FZ-16 and R15. They have also launched
an upgraded version of FZ-16 i.e. FZ-S. Currently, Yamaha have a market share of about
3.5% in the Indian two-wheeler market.




3.3 SWOT Analysis

           STRENGTHS                                  WEAKNESSES
   • High quality products to exceed           • Yamaha has narrow product line in
     customer expectations.
                                                   Indian market.
   • Attractive design and colours.            • Few people are not satisfied with the
   • Strong brand name all over the              mileage of the bikes.
     world as well as in India.                • Not giving promotional schemes for
   • Availability of      easy finance           longer time periods.
     schemes from         Bussan Auto
Finance.                              • Poor advertisement of the product.
• Use of latest      technology     for
  production.
• Low maintenance and               low
  expenses per kilometer.
• Now it comes with a changed
  handlebar     which   is more
  comfortable to drive.
• Availability of the product in the
  market.
•   Broad and intensive distribution
    network across the country.


       OPPORTUNITIES                                    THREATS



• The Sales may be increased if           • Low end cars like TATA Nano are
  advertisements are made more              eating away the share of high end
  attracting to the young generation        motorcycle manufacturers.
  and the advertisement is made
  with any celebrity.                     • Bajaj and TVS are also producing
                                            same segment bikes at same price with
• Targeting the upper-middle class          more powerful engine.
  people and the young generation.
                                          •   Bajaj Pulsar is the strongest rival with
• Retailer’s motivation.                      high performance and frequent
                                              variations and up gradations.
•   Demand is increasing with the
    time in the motorcycle segment.       • Different    effective       promotional
                                            schemes of competitors.
• One of the best and popular brands
  of the world, so company can use        • Honda Motors & Scooters Limited is
  its brand image for advertising and       pursuing Indian Motorcycle Market
  attracting people.                        vigorously.

•   The   vast   rural     market    is
opportunity in waiting by catering
       to attractive financial schemes.




Chapter 4

Data collection

Data collected is an elaborate process in which the researcher makes a planned search for
all the relevant data. Data is the foundation of all marketing research. It is the raw
material with which a researcher functions.

4.1 Primary Data

Primary Data is the original data collected by the researcher. It has a specific purpose of
addressing the problem at hand. One set of questionnaire was prepared. The structured
questionnaire consisted of closed ended questions. The questions were made simple and
easy to answer for the interviewer. The customers to be interviewed were selected by the
researcher.. The respondents had to be in the age group between 18 – 60 years and they
must own a two-wheeler in Delhi & NCR( Noida, G. Noida, Meerut, Muradabad,
Gurgaon, Ghaziabad).
Methods of data Collection used:

    Questionnaire: In personal interviews, respondents are face to face with the

      interviewer, thus complex and varied questions could be asked.

      QUESTIONNAIRE DESIGN PROCESS.

                                Specify the information needed




                                Specify the Type of interviewing
                                method



                                  Determine the content of
                                 individual questions




                                                1
1




Design the questionnaire to overcome the respondent’s inability
and unwillingness to answer the questions




        Decide on question structure



        Determine the question wording



      Arrange the questions in a proper sequence




        Identify the form and layout



        Reproduce the questionnaire



        Eliminate bugs by pre-testing
Chapter 5

Findings & Data Analysis




     1. AGE OF THE RESPONDENTS



Age Group                    Figure   Percent
Under 20 Years               26       7.536%
21-25 Years                  151      43.768%
26-30 Years                  87       25.217%
31-35 Years                  38       11.014%
36-40 Years                  18       5.217%
41-50 Years                  18       5.217%
Above 51 Years               7        2.029%
TOTAL RESPONDENTS            345      100.000%
All the possible age groups from 18 years of age till 60 years of age were
considered. Since youngsters are the major market for the motorcycles, age group
21-35 were aggressively surveyed. As is evident from the sample data, preference
for motorcycle goes on decreasing as the age limit crosses 35 years. Age limit
above 51 years is the least attractive segment for the motorcycle companies. To
be a leader in the motorcycle market , thus, every company should try to pursue
18-35 years of age. Better still if the company is able to cater to distinguish
between these sub-segments.




2. RESPONDENTS PROFILE:
Occupation                        Figure   Percent
Student                           143      41%
Office Employee                   109      32%
Factory Worker                    12       3%
Shop Owner                        21       6%
Business Man                      16       5%
Professional (lawyers, doctors)   39       11%
Farmer                            3        1%
Others( Retired personnel)        2        1%
TOTAL RESPONDENTS                 345      100%
All the occupation groups were tried to be covered. Majority of the sample was students,
the major market of motorcycles. Also this segment is most volatile. Yamaha can
leverage this segment by providing them certain motivations (like increased number of
free services). Office goers come second. Distant third come professionals ( doctors,
lawyers,..). Together these three segments make for 85 percent of the motorcycle market
in the surveyed group. These segments should be holistically pursued to emerge a market
winner.
3. Which two motorcycle attracts you a lot




Model                    Series1(first       Series2(second   Series3
                         preference)         preference)
Pulsar150                38                  28               104
Karizma ZMR              27                  49               103
R15                      22                  28               72
Karizma                  33                                   66
Pulsar180                25                  11               61
Apache                      14                   29                      57
Pulsar200                   26                                           52
FZ-S                        12                   18                      42
Fazer                       10                   17                      37
Pulsar220                   4                    26                      34

Series1= first preference   Series 2= second preference
Series3=(series1)*2+(series2)

      In the surveyed group, clearly Pulsar 150 is the first preference. Karizma ZMR is
      the second most preferred brand. Yamaha has three models in the top ten most
      preferred bikes namely,R15( third most preferred bike), FZ-S (eighth most
      preferred bike) and Fazer (ninth most preferred bike). Also effectiveness of brand
      promotion by constant bombardment is depicted from the Pulsar Model bikes
      from the stables of Bajaj. Pulsar is mainly positioned in consumers bikes as “the
      bike”.




 4. These motorcycles belong to which companies




                                        Hero
                  Bajaj          Yamaha Honda          TVS        HMSI        Suzuki       Others


Apache RTR        3.48%          3.00%   5.51%         86.67%     0.29%       0.29%        0.29%


Pulsar135         97.39%         2.03%   0.29%         0.29%      0%          0%           0%
Karizma ZMR   1.15%   1.44%    96.23%   0%      1.12%    0.29%    0%


Fazer         0.29%   13.04%   2.90%    4.93%   8.99%    68.99%   1.12%


GS150 R       0.29%   13.04%   2.90%    4.93%   8.99%    68.99%   1.12%


CBF Stunner   1.44%   1.44%    13.62%   2.30%   68.99%   11.59%   0.58%
The most striking feature of this question was its outcome. Major/ new brands from
all the stables are well known, irrespective of the age of the respondents. Also Pulsar
and Karizma ZMR are well known brands as no ‘other’ option was ticked for these
two bikes. Also, there were some percentages of the ‘other’ options for all other
bikes. This calls for further positioning on part of these companies.

5. Which Brand you like most
Company                                                Percentage
Bajaj                                                  27.83%
Yamaha                                                 18.84%
Hero Honda                                             39.13%
Honda                                                  4.35%
TVS                                                    8.70%
Suzuki                                                 1.16%




  Hero Honda Motorcycles Limited ( the world leader in sales) tops the list. Next
  comes Bajaj Auto Limited. Followed by India Yamaha Motorcycles Ltd. Yamaha far
  outweighs its major rivals( big brothers in the Indian market)-TVS, Honda. This
  establishes the fact that Yamaha needs to promote its bikes aggressively. It is very
  much feasible for Yamaha to become number three in the Indian market. This also
establishes the fact that consumers prefer Yamaha bikes as an efficient bike
  manufacturer with the capability to satisfy their inherent biking needs. Also since
  youth segment was the aggressively pursued brand, this bodes well for Yamaha.
  Some stimulus is needed to gain the pocket share of consumers compared to TV and
  HMSI.

     6. Specify your source for awareness of motorcycles.

Source                                                Percentage
TVCF                                                  19.42%
Newspaper                                             16.81%
Magazine                                              15.65%
Showroom                                              12.17%
Family/ Friends                                       23.77%
Internet                                              8.41%
Hoardings                                             2.90%
Road Show                                             0.87%
Others                                                0.00%
Interestingly family and friends tops the major source of awareness for
     motorcycles. This was specifically true in the case of students. Thus positioning
     itself as a ‘manufacturer of safety first’ bikes, companies targeting this company
     stand a good chance to be the market leader. But also, this is the most style
     conscious segment. Thus it is imperative to maintain the style quotient in the
     models. TVCF comes as the second best source of awareness. Thus this source of
     advertisement cannot be neglected. This calls for more aggressive advertising on
     part of Yamaha. Newspapers come at third place. Also, newspapers are a robust
     source of advertisement in rural areas, where electricity is a rare commodity. This
     print media should be assiduously pursued to augment the brand reach in the
     whole country.




   7. What influenced you more in purchase of your bike


Factor                                                              Percent

Family/ Friends                                                     40.00%

Girl Friend                                                         12.75%

Hoarding                                                            4.06%

Show Off                                                            5.51%

Personal Experience                                                 29.28%

Information from Dealer/ Showroom                                   1.74%

Test Drive                                                          3.19%

Resale Value                                                        2.90%
Others                                                              0.58%




  Across all age groups, family and friends was the most influencing factor in the
  purchase of motorcycles. Also since students (youth) are the major market for
  motorcycles, favourable positioning as a value brand, the motorcycle manufacturer
  can gain acceptance. In the age of nuclear families, parents are the main source of
  influence. Thus motorcycle companies should position themselves as a “safety first”
  bike manufacturers. For all other age groups, personal experience is the main
  influencing factor. Quality is imperative to gain acceptance. Satisfied customers
spread a positive word for the brand. Also tend to become repeat buyers. Thus
  satisfying the needs in a better way than competitors will catapult Yamaha to be the
  market leader in the Indian market.


  8.   Company you associate with racing


Manufacturer                                         Percentage
Bajaj                                                16.52%
Yamaha                                               45.51%
Hero Honda                                           16.23%
TVS                                                  4.35%
Honda                                                7.83%
Suzuki                                               9.57%
Yamaha is known as a racing bikes manufacturer. Yamaha’s RX 100 is still
        revered for its pick-up and speed. Speed Biking is mainly attributed to Yamaha. It
        holds the record for maximum wins in Grand Prix. The Government of India is
        investing heavily in roads and highways. Properly pursuing the inherent racing
        tendency in youngsters by providing racing bikes will set Yamaha apart from its
        competitors. Till now, no Indian manufacturer has provided the super bikes.
        These bikes are mainly imported. Setting up speed bikes manufacturing will
        provide Yamaha early mover advantage in the Indian market. Also this can be
        competitive advantage for Yamaha. But caution must be provided to train safe
        biking habits amongst the consumers.




   9.    Which bike you strongly associate with youth


Manufacturer                                             Percentage
Bajaj                                                    29.86%
Yamaha                                                   34.20%
Hero Honda                                               27.83%
TVS                                                      3.19%
Honda                                                    3.48%
Suzuki                                                   1.45%

   Yamaha is the bike of the youth. In the survey conducted, it far outweighed Bajaj
   and Hero Honda. Most striking feature was that all the respondents, irrespective of
   the age groups opted Yamaha as truly associated with youth. Youth being the major
   market for motorcycles, it is a favourable outcome of Yamaha’s ‘Youth
Approaches’. FZ series and R15 are the bikes designed with youth in mind. Yamaha
  should further explore this profitable segment and try to more than satisfy this
  segments needs.




  10.Value positioning of motorcycles in the minds of consumers

                                                                       Stylish
                        Advanced       Reliable/       High            /         Trend
          Traditiona    Technolog      Trustworth      Performanc
          l             y              y               e               Sporty        Setter
Hero
Honda     54.49%        20.58%         51.59%          35.36%          17.97%    33.62%
Bajaj     24.93%        33.91%         29.57%          30.72%          24.64%    28.99%
Yamaha    9.57%         31.59%         11.01%          22.32%          40.87%    17.97%
TVS       3.77%         3.77%          4.35%           3.77%           5.22%     5.22%
HMSI      2.03%         6.67%          1.74%           4.93%           5.80%     3.48%
Suzuki    2.03%         3.48%          0.87%           2.90%           4.35%     4.93%
          3.19%         0%             0.87%           0%              1.16%     5.80%




                                  Good                           Affordable
                 Innovative        Mileage      Passionate        Price
Hero Honda       25.22%           51.88%        30.72%           37.68%
Bajaj            24.93%           20.87%        24.06%           29.28%
Yamaha           27.54%           8.12%         20.87%           9.57%
TVS              4.64%            11.59%        7.54%            15.65%
HMSI             6.38%            4.35%         6.96%            4.35%
Suzuki           5.51%            2.90%         3.19%            2.32%
                 5.80%            0.29%         6.67%            0%

     Interestingly for attribute ( barring technology, performance and affordability)
     there seemed to be lack of customer satisfaction on other key attributes. These are
     the attributes to be pursued religiously and conveyed to the consumers. These are
     some of the attributes that can be positioned in the minds of consumers to satisfy
their unmet needs. Hero Honda dominates nearly all the attributes. This
elucidates the reason for its market leader position. Yamaha as a brand leads as
being the most innovative and most stylish bikes manufacturer. This supports the
endeavor of Yamaha as the ‘youth centric’. This makes it all the more likeable
brand among the youth, the major market for motorcycles. Yamaha should
assiduously pursue this segment to out-beat its competitors.
11.Gauging consumers attachment with the brands.
Brand        Recommenders   Preferers
Bajaj        35.36%         29.86%
Yamaha       21.16%         20.87%
Hero Honda   34.49%         37.10%
TVS          6.67%          8.12%
Suzuki       3.19%          1.74%
HMSI         2.03%          2.32%
Hero Honda is the most preferred bike while Bajaj is the most recommended brand in the
surveyed group. This shows an interesting dichotomy on part of consumers. Ideally there
should be a common yardstick for liking of a bike. Respondents had ranked Bajaj higher
on ‘ advanced technology’ and ‘stylish’ vis-à-vis Hero Honda. May be this is the reason
for this dichotomy. Yamaha was adjudged as the most stylish bike, but is not the most
recommended. May be ‘advanced technology’ attribute is the reason behind this. As
regards to other brands, Yamaha outweighs TVS, Suzuki and HMSI on ‘recommender’
and ‘preferers’. This establishes the fact that Yamaha is on the way to beat these rivals in
the intensely competitive Indian market. Augmented brand promotion is needed on part
of Yamaha to increase its market share. ‘ Kando’ will definitely be gained through
intensive promotion of the brand.



    12.Which Brand you will never buy


Brand                                                      Percentage
Bajaj                                                      5.51%
Yamaha                                                     11.01%
Hero Honda                                                 3.77%
TVS                                                        30.14%
HMSI                                                       22.32%
Suzuki                                                     27.25%
Market leader position doesnot indicates that the brand is revered by all. Hero
      Honda Motorcycles, the most selling bikes brand( in the world) by volumes is
      also a no-no for 3.77% of the respondents. 5.55% of the respondents are averse to
      Bajaj. This establishes that it is impossible for any single brand to satisfy the
      market as a whole, hence the utility of segmentation. Yamaha fairs much better
      compared to other brands. This again establishes the importance of promotional
      activities. Augmented promotional activities on national scale can catapult
      Yamaha far ahead of TVS and HMSI.



   13.Reasons for rejection:
                            Baja Yamah        Hero   TV HMS Suzuk TOTA
                            j    a            Honda S    I  i     L
Already have                                       1                  1
Bad engine                      1                      1              2
Balancing problem            2      1                            3
Chain set problem            1                                   1
Due to obsolescence          1                                   1
Friends comments                                 2    1    5     8
High maintenance             3      3            3         3    12
High price                   1      6      2     1    2    8    20
Lack of Awareness            1                   6   10   13    30
Lack of good models                 3            6   10    3    22
Less features                                    1    1          2
Less pickup                         1                            1
Less Varieties                                  11    5    2    18
Low mileage                         9            5    1   11    26
low performance              1      1      1    14    8    4    29
Never tried                                      1               1
No connection with youth                                   1     1
No interest in brand         1                   1    1          3
No liking for the brand             4      2     9    7    6    28
No new models                                              3     3
Not attractive               1      4      1    19    4   18    47
Not comfortable                                  2         3     5
Not competitive                                  1    1          2
Not innovative               1             1     4    3    1    10
Past experience                     1      1     2    3    1     8
Past market performance                               2    1     3


                           Baja Yamah Hero     TV  HMS Suzuk TOTA
                           j    a     Honda    S   I    i    L
Poor after sales service      2     2                 3    4    11
Poor brand image                    2            6    1    1    10
Resale value                  2                  1    2    1     6
Shocker problem                                       2          2
Short in size                                    2               2
Test drive                                            4          4
Very common                  1             3                     4
Weak body, Not reliable             1      1     6    5    4    17
TOTAL                       19     38     13   104   76   93
Several Reasons were attributed for rejection. We graphed top 15 reasons for this
rejection. Here some tandem was seen as per the market position of the top 2 players in
the Indian motorcycle segment. Both Hero Honda and Bajaj have les negative attributes
assigned to them. Improving on other attributes and these attributes ingeniously can
leverage Yamaha to much better market share. Also Yamaha is way ahead compared to
other brands. This augments well for Yamaha. Yamaha should hone upon the mileage
problem. Majority of the respondents complained about Yamaha’s low average attribute.
Also their bikes are positioned as costly. This presents unique technical challenge for
Yamaha. Costs should be regulated considering the demand. Powerful bikes guzzle
petrol. Thus Yamaha should launch more economical bikes with optimum mileage. Care
should be taken that proper segmentation is positioned in the minds of consumers
regarding power bikes and economical bikes.



    14.Brand Personality of India Yamaha Motor Pvt. Ltd.


personality                                                         Percentage
Yuvraj Singh                                                        6.09%
M S Dhoni                                                           8.99%
Hrithik Roshan                                                      11.30%
John Abraham                                                        73.62%




Objective behind asking this question was to gauge the consumer awareness of Yamaha
brand particularly. Consumers identify the brand with the personality endorsing the
brand. John Abraham is an avid biker. Also he is the perfection of typical Indian youth.
He has his own cult following amongst the youths. The percentage of correct awareness
commensurate with the brand awareness of the consumers. 74% of the respondents
correctly identified John as the brand personality of IYM Ltd. Most interesting fact was
that regardless of age, consumers had this awareness. This establishes that consumers
follow Yamaha. Yamaha needs to seriously adapt itself to the Indian market needs, to
beat its rivals. Serious analysis of all the various aspects of the business is necessitated by
this finding. It comes distant 5 even when adequate awareness levels about the brand
persist.



    15.Favourite and non-favourite colour in general


Favourite Color        Percentage        Not Favourite Color          Percentage
Cream                  0.29%             Maroon                       0.29%
Maroon                 1.16%             Metallic                     0.29%
Metallic               0.58%             Cream                        0.87%
Orange                 0.58%             Grey                         1.74%
Grey                   1.45%             Purple                       1.74%
Purple                 0.87%             Brown                        2.32%
Silver                 1.45%             Silver                       3.19%
Yellow                 2.61%             Pink                         5.80%
Green                  3.19%             Orange                       5.51%
White                  3.19%             White                        7.83%
Pink                   3.48%             Green                        8.70%
Blue                   1.16%             Black                        21.16%
Red                    22.61%            Blue                         13.04%
Black                  46.96%            Yellow                       18.26%
                                         Red                          19.71%
YELLOW                                                                             YELLOW
   WHITE                                                                            WHITE
  SILVER                                                                            SILVER
     RED                                                                            RED
 PURPLE
                                                                                    PURPLE
     PINK
                                                                                    PINK
 ORANGE
METTALIC                                                                            ORANGE
MAROON                                                                              METTALIC
   GREY                                                                             MAROON
  GREEN                                                                             GREY
  CREAM
                                                                                    GREEN
    BLUE
                                                                                    CREAM
  BLACK
                                                                                    BLUE
            0   20    40        60        80    100   120   140   160    180
                                                                                    BLACK




  BROWN                                                                             BROWN
 YELLOW                                                                             YELLOW
   WHITE                                                                            WHITE
  SILVER
                                                                                    SILVER
     RED
 PURPLE                                                                             RED
     PINK                                                                           PURPLE
 ORANGE                                                                             PINK
METTALIC
                                                                                    ORANGE
MAROON
    GREY                                                                            METTALIC
  GREEN                                                                             MAROON
  CREAM                                                                             GREY
    BLUE
                                                                                    GREEN
   BLACK
                                                                                    CREAM
            0    10        20        30        40     50    60      70         80   BLUE
                                                                                    BLACK
The objective behind this question was to ask their favourite and non-favourite colour.
This was done to know if there is a general tendency to choose particular colour(s) in
favourite and non-favourite category, by the whole sample. Also the reply to this
question was to be compared with favourite and non-favourite colour of their bikes. Any
relationship, if any, between the responses was to be studied.

Interestingly, preference and dislike was concentrated to few colours:

   (1) Favourite colour-Red ( 22.61% ) and Black(46.96% )

   (2) Non-favourite      colour-Black(21.16%)        Blue(13.04%)       Yellow(18.26%)
       Red(19.71%)



      Red and Black dominated in both favourite and non-favourite categories. May be
      this is due to the largely religious nature of Indian culture. Indian’s seem to buy
      products with religious perspective.



    16.Favourite and no –favourite colour motor-cycle colour.


MC Favourite Color          Percentage        MC Not Favourite Color        Percentage
Pink                        0.29%             Metallic                      0.29%
Purple                      0.29%             Maroon                        0.29%
Green                       0.87%             Brown                         0.58%
Metallic                    0.87%             Cream                         0.58%
Grey                        1.74%             Purple                        1.93%
Yellow                      1.74%             Orange                        1.74%
White                       2.90%             Grey                          2.32%
Silver                      3.19%             Silver                        4.06%
Blue                           8.70%             White                        7.35%
Red                            20.00%            Black                        8.99%
Black                          59.42%            Green                        10.43%
                                                 Blue                         13.33%
                                                 Yellow                       24.06%
                                                 Red                          24.06%




                               MC NON FAVOURITE COLOR                          CREAM
                                                                               BROWN
             CREAM                                                             ORANGE
             BROWN                                                             MAROON
            ORANGE
           MAROON                                                              YELLOW
            YELLOW
  COLORS




              WHITE                                                            WHITE
             SILVER                                                            SILVER
                RED
            PURPLE                                                             RED
           METTALIC                                                            PURPLE
               GREY
             GREEN                                                             METTALIC
               BLUE                                                            GREY
              BLACK
                      0   10   20   30      40   50       60   70   80   90    GREEN
                                                                               BLUE
                                         NO. OF SAMPLES
                                                                               BLACK
MC FAVOURITE COLOR

            YELLOW
                                                                                         YELLOW
              WHITE
             SILVER                                                                      WHITE
                RED                                                                      SILVER
  COLORS




            PURPLE                                                                       RED
                PINK
                                                                                         PURPLE
           METTALIC
              GREY                                                                       PINK
             GREEN                                                                       METTALIC
               BLUE                                                                      GREY
             BLACK                                                                       GREEN
                       0   20   40   60   80   100   120   140   160   180   200   220   BLUE
                                          NO. OF SAMPLES                                 BLACK




White, Silver, Blue, Red and Black are the main favourite and non-favourite colours on
motorcycle. Yellow is one of the top non-favourite colour. Interestingly, the whole world
of colours seems wrapped to few chosen colours. Also, the very same very colours which
are top favourite are also top non-favourite colours. Black is the overall favourite bike
colour. Also, the overall preference for colours in general (question no. 15 & 16) are
nearly similar. Thus, motorcycle companies should look into this special relationship
between colours and consumer preferences.



      17.Colour of your present motorcycle


Model Color                                            Percentage
Cream                                                  0.29%
Maroon                                                 0.29%
Purple                                                 0.29%
White                                                  0.58%
Metallic                                               0.87%
Green                                                  1.16%
Grey                                                   1.45%
Yellow                                                 1.45%
Silver                                                 4.35%
Blue                                                   8.99%
Red                                                    18.55%
Black                                                  61.74%


Red and Black are the major bike-colours with the respondents. Blue comes distant third.

Motorcycle-Companies should concentrate on these colours and try to bring as many
variants in these colours. Yamaha with its Fazer bikes has successfully launched bikes in
red, black and red-black colour. Apart from red, black, blue, silver other colours are
negligent in vehicles. This also provides opportunity for companies. They should try and
provide some new colours to consumers. Proper market testing should be done. This may
throw up some unexpected opportunities.




                                          MODEL COLOR

                                                                                         YELLOW
             YELLOW
               WHITE                                                                     WHITE
              SILVER                                                                     SILVER
                 RED
                                                                                         RED
             PURPLE
   COLORS




            METTALIC                                                                     PURPLE
            MAROON                                                                       METTALIC
               GREY
                                                                                         MAROON
              GREEN
              CREAM                                                                      GREY
                BLUE                                                                     GREEN
              BLACK
                                                                                         CREAM
                       0   20   40   60   80   100   120   140   160   180   200   220
                                                                                         BLUE
                                          NO. OF SAMPLES                                 BLACK
MODEL COLOR

                                                                                       YELLOW
          YELLOW
            WHITE                                                                      WHITE
           SILVER                                                                      SILVER
              RED
                                                                                       RED
          PURPLE
         METTALIC                                                                      PURPLE
COLORS




         MAROON                                                                        METTALIC
            GREY
                                                                                       MAROON
           GREEN
           CREAM                                                                       GREY
             BLUE                                                                      GREEN
           BLACK
                                                                                       CREAM
                    0     20      40   60   80     100 120 140 160 180 200 220
                                                                                       BLUE
                                             NO. OF SAMPLES                            BLACK




  18.Why did you choose the particular colour in your motorcycle.


          Respondents were provided with 25 attributes in all namely

 1) Macho               2) Rich          3) Sophisticated   4) Youth       5) Trendy    6) Unique
 7) Safe                8) Shiny       9) Sporty    10) Racy Image     11) Decent
 12) Eye Catchy/ Attractive 13) Professional                 14) Smart    15) Bright   16) Stylish
17)Suits Personality                  18) Vibrant     19) Maintenance Free 20) Religious            21)
        Sober
        22) Never Fade                  23) Dust/Scratch less visible 24) Passionate            25) Funky
        26) others please specify: ____________


        They were asked to opt for the attributes they think is provided by the colours they
        chose.


        The responses varied for each colour as-




                                                   REASONS FOR CHOOSING A COLOR
                                                                                                            Shiny
            35                                                                                              Sporty
            30
                                                                                                            Youth
            25
            20                                                                                              Macho
 NO. OF SAMPLES




            15                                                                                              Unique
            10                                                                                              Decent
             5                                                                                              Dust free
             0
                                                                                                            Trendy
                                                                                                            Stylish
                                                                            D
                          E




                                                  EY




                                                                         RE




                                                                                          E
                  CK
                       BLU


                                    M

                                              N




                                                                                    R

                                                                                           IT
                                                                LE




                                                                                                     W
                                                              ON
                                                  GR




                                                              LIC
                                           EE




                                                                                 VE
                                 EA
              BLA




                                                                                        WH

                                                                                                  LLO
                                                            RP
                                        GR




                                                                                SIL
                                                           RO
                              CR




                                                          TTA

                                                         PU




                                                                                                YE
                                                        MA

                                                       ME




                                                            COLORS




FACTORS FOR CHOOSING BLACK
FACTORS FOR CHOOSING BLACK

                Shiny
               Sporty
                Youth
               Macho
            Dust free
              Unique
              Decent
               Trendy
            Sophistic
              Stylish
                 Racy
            Attractive
 FACTORS




                 Rich                                                   Series2
                Smart                                                   Series1
                 Suits
           Never fade
            Professio
                 Safe
           Passionat
                sober
               Funky
                Bright
             viberant
            Religious
           Maintaina
               Others
                         0     5   10      15    20      25   30   35
                                        NO. OF SAMPLES




FACTORS FOR CHOOSING RED
FACTORS FOR CHOOSING RED

                  Shiny
                 Trendy
                 Macho
                  Youth
                 Stylish
                 Decent
                 Sporty
                  Smart
           Professional
                  Bright
                 Unique
 COLORS




                                                                  Series1
              Religious
                   Safe
                   Rich
           Racy Image
            Never fade
              Attractive
                viberant
                   Suits
          Sophisticated
          Maintainance
              Dust free
                           0       2   4     6     8    10   12
                                       NO. OF SAMPLES


FACTORS FOR CHOOSING BLUE
FACTORS FOR CHOOSING BLUE




                       Sporty
                      Stylish
            Suits personality
                       Smart
                       Funky
                   Never fade
                        Shiny
                      Unique
                        Youth
  FACTORS




               Sophisticated
            Maintainance free
                 Professional                                     Series1
                    Attractive
                      Decent
                 Racy Image
                         Rich
                        Bright
                         Safe
                      Macho
                                 0   1    2    3     4    5   6
                                         NO. OF SAMPLES




FACTORS FOR CHOOSING SILVER
FACTORS FOR CHOOSING SILVER




                     Shiny
             Maintainance
                      Safe
                    Unique
             Sophisticated
                      Rich
                  Dust free
                   viberant
FACTORS




          Suits personality
                    Stylish
                     Bright                                        Series1
                     Smart
               Racy Image
                    Sporty
                    Trendy
                     Youth
                    Macho
                              0   0.5    1   1.5    2    2.5   3
                                        NO. OF SAMPLES




 19.Regarding Motorcycle design what are the important aspects.
Regarding MC Design                                           Percentage
Body Style/ Design                                            1.74%
High Contrast Color                                           8.41%
Component Color                                               15.07%
Sticker Design                                                21.16%
Body Color                                                    48.99%
Riding Comfort                                                4.64%




                        IMPORTANT FACTORS OF MC DESIGN

                     180
                     160
                     140
                     120
                     100
      NO. OF SAMPLES
                      80
                      60                                                          Series1
                      40
                      20                                                          Series2
                       0
                           Body Color Sticker Component High  Riding  Body
                                      Design Color Contrast Comfort Style/
                                                        Color        Design
                                               FACTORS




            Top features opted by the respondents were-

Body colour, sticker design and component colour. Surprisingly, riding comfort and body
style were lower on the count. This may be comprehended as consumers take riding
comfort and body design as an accepted, irrefutable offering and they further ask for
these aesthetic features. Also since youth is the major market for motorcycles, this shows
the demanding preferences of today’s younger generation.

They need bikes to flaunt besides serving the basic biking wants.
Thus, to gain larger share of the market companies should focus on these and other
innovative aesthetic appeals in the models. Yamaha has lately offered several such
innovations. This has resulted in ever greater market share for Yamaha in the Indian
market.



    20. Your Dream Motorcycle


Model                       percentage        model                         percentage
Thunderbird                 0.87%             Achiever                      0.29%
FZ-16                       1.16%             Aprilia                       0.29%
Machismo                    1.16%             Caliber                       0.29%
Apache RTR                  1.45%             Discover 135                  0.29%
Bullet                      1.74%             Gs150R                        0.29%
Pulsar180                   2.03%             Intruder                      0.29%
RX100                       2.03%             KTM990                        0.29%
CBR                         2.32%             MT01                          0.29%
CBZ Xtreme                  2.32%             Passion                       0.29%
Ducati                      2.90%             Pulsar135                     0.29%
Royal Enfield Classic       3.48%             Pulsar200                     0.29%
Fazer                       3.77%             R6                            0.29%
Bullet 500                  4.93%             Rajdoot                       0.29%
Harley Davidson             4.06%             Splendor                      0.29%
Pulsar220                   5.80%             Bullet 350                    0.58%
R1                          4.35%             Discover 100                  0.58%
Avenger                     5.22%             Glamour                       0.58%
Karizma                     6.67%             Splendor plus                 0.58%
Karizma ZMR                 7.54%             Hunk                          0.87%
Kawasaki Ninja              8.41%             Pulsar150                     0.87%
R15                         9.57%             Hayabusa                      10.14%


       The objective behind asking this question was to know the aspirations of
       consumers. Different segments have different aspirations. There was preference
       for powerful bikes as well as economical bikes. This can be interpreted as –needs
       and aspirations evolve with age. Also, financial stability along with personality
       type is also an important consideration.
Yamaha has seven bikes in the treasured category. This shows that Yamaha has
         an avid following amongst the consumers.



    21.Top three channels you watch most


                    1st Priority    2nd Priority   3rd Priority      weighted
Ten sports          18              14             10                92
V                   12              20             13                89
Bindaas             18              18             11                101
HBO                 33              12             6                 129
Star news           30              14             8                 126
Star Sports         18              22             12                110
Colors              42              26             10                188
ESPN                45              14             20                183
Zee Tv              21              54             19                190
Sony                45              48             12                243
Star Plus           72              38             13                305
Discovery           84              28             18                326
Aajtak              90              46             20                382
Mtv                 99              46             14                403
NDTV                105             44             18                421


weighted=first priority*3+second priority*2+third priority
Weighted=(First priority)*3 + (Second priority)*2+ (Third priority)



Objective behind this question was to know the channels which will gain
maximum eyeballs to TVCF. M.Tv topped the list for entertainment( song
channels) ND Tv is the number one viewed channel It far outstrips other news
channels. Discovery channel is the favourite of all age groups. Thus it can be a
very good source of brand promotion. ESPN tops the sports channels. During
special sporting festivals like T20, companies should provide TVCF round the
year on ESPN.
Idiot box is the favourite source of past time for majority of Indians. Thus this
medium should be considered for maximum brand awareness.

Also this can be a very good medium to influence parents as youth majorly
depend upon their family for their own motorcycles. If cleverly pursued, this can
be a major influence on elders regarding safety of bikes like on mothers while
they are watching their favourite soaps.
Chapter 6



CONCLUSIONS


(1)   Yamaha is the most favourite brand amongst youths in the Indian market.

(2)   Yamaha is regarded as the original makers of racing bikes by the
      respondents.

(3)   Yamaha is the third most preferred brand after Hero Honda Motorcycles
      Ltd. And Bajaj Auto Ltd.

(4)   Youth (Students) are the major market for motorcycles in India.
(5)    Family/friends, TVCF and newspapers are the major source of awareness
             for motorcycle brand awareness.

      (6)    Major influencing factors in the purchase of bikes are-family/ friends,
             personal experience and girl friend.

      (7)    R15, Fazer, FZ-S from Yamaha are amongst the top ten favourite bikes in
             the surveyed group.

      (8)    Hero Honda and Bajaj are considered as brands with most consumer
             favourable attributes. They are also the brands most likely to be preferred
             and recommended.

      (9)    Yamaha is way ahead in overall consumer favourable response compared
             to TVS, Suzuki, HMSI.

      (10)   Majority of the Consumers prefer red and black colour in general and
             also in their bikes.

      (11)   Yamaha has maximum number of models in the dream bikes category.

      (12)   Pulsar variants from the Bajaj stable is the most favourite model from any
             company.




Chapter 7

RECOMMENDATIONS
Based on research, following recommendations are made to Yamaha

   (1) Yamaha should expand its FZ series. It should promote newer models. Yamaha is
       seen as the bike of youth. Also Yamaha is originally considered as the racing bike
       manufacturer.

   (2) Yamaha should sponsor youth festivals. It should consider every contact points
      that can be made with the youth.

   (3) Yamaha should also introduce bikes in the economical range. Poor mileage is seen
       as the major drawback associated with the Yamaha bikes.

   (4) Yamaha should actively consider brand promotions. Yamaha lacks as far as brand
       promotion is considered compared to other brands.

   (5) Yamaha has much favourable position in the minds of consumers as compared to
      TVS, Suzuki and HMSI. Yet it comes distant fifth in the Indian motorcycle
      market. It shows lack of consumer’s confidence. Directed promotions towards this
      concern should be vigorously held on the national scale.

   (6) Company should focus on after-sales service. Proficient service will provide
       Yamaha a leading edge.

   (7) Yamaha should consider and project itself as a service oriented organisation.
      Today consumers demand effective and prompt continuous service. Yamaha
      should meet and exceed this want of consumers.
Chapter 8

REFERENCE
www.suzukimotorcycle.co.in

www.honda2wheelersindia.com

www.herohonda.com

www.bajajauto.com

www.tvsmotor.in

www.icra.in/files/PDF/SpecialComments/2010-February-two-Wheeler.pdf

www.siamindia.com

http://www.ptinews.com

The Economic Times
Chapter 9

BIBLIOGRAPHY
Statistics for Managers by Levine,Stephan,Krehbiel,Berenson

Marketing Management by Kotler,Keller,Koshy,Jha

Strategic Marketing by Anderson,vincze
Chapter 10

ANNEXURE
                              QUESTIONNAIRE



                          BRAND IMAGE OF MOTORCYCLES



                                                  Place -……………………

                                                      Model name - ……………



1. Name …………………………………….                                                  2. Age…….



3. What is your occupation?
  1) Student     2) Office Employee   3) Factory Employee 4) Shop Owner
  5) Business Person 6) Professionals (Dr., Lawyer...) 7) Farmer   8) others:
______________
4. Which motorcycle attracts you a lot?     a.) _________________          b.)
_______________



5. Which company the following motorcycle brand belongs ?

             Bajaj      Yamah       Hero        TVS     HMSI            Suzuk Others
                        a           Honda                               i


Apache
RTR
Pulsar135
Karizma
ZMR


             Bajaj      Yamah       Hero        TVS     HMSI            Suzuk Others
                        a           Honda                               i
Fazer
GS150R
CBF
stunner




6. Which brand you like the most?

   1.) Bajaj 2.)Yamaha 3) Hero Honda            4.)Honda      5.) TVS        6.) Suzuki




7. Please specify your source of awareness for motorcycles:
1.) TVCF 2.) Newspaper            3) Magazine 4.) Showroom          5.) Family/ Friends
   6.) Internet       7.) Hoardings8.) Road Show         9.)Others, plz specify……..




8. What/Who influenced you more for purchasing a motorcycle?
  1) Friends/ Family          2.) Girl Friend 3.) Hoardings   4.) Show off    5.) Personal
Experience     6.) Information from Dealer / motorcycle shop 7.) Test Drive      8.)Resale
value 9) Others, plz specify




9. Which company you associate with racing?
   1. Bajaj         2. Yamaha      3. Hero Honda       4. TVS      5. Honda      6.Suzuki




10. Which company you strongly associate with youth?
    1. Bajaj      2. Yamaha      3. Hero Honda      4. TVS           5. Honda      6.Suzuki




11. Which of the words/statements you think best describes the following companies?



                        Hero        Bajaj      Yamaha TVS         HMSI(Honda) Suzuki
                        Honda
Traditional
Advanced
Technology
Reliable/ Trust-
worthy
High Performance
Stylish/ Sporty
Trend setter
Innovative
Good Mileage
                      Hero      Bajaj     Yamaha TVS          HMSI(Honda) Suzuki
                      Honda
Passionate
Affordable Price




12. You would like to be in which category for the following Motorcycle Brand:

                    Bajaj      Yamaha     Hero       TVS       Suzuki    HMSI
                                          Honda                          (Honda)
(1)Recommenders
2.) Preferrers




13. Which Brand you will never buy?

  1. Bajaj         2. Yamaha   3. Hero Honda      4. TVS   5. HMSI       6.Suzuki




14.a. Reason for rejecting this particular brand. ………………………



15. Who is the brand ambassador of Yamaha?

    1. M.S. Dhoni    2. Hrithik Roshan   3. John Abraham 4. Yuvraj Singh
16. Please write the color name of your favorite & not favorite.
    Favorite Color _____________ Not Favorite Color _____________________




17. Please write the Motorcycle color name of your favorite & not favorite.
    Favorite Color _____________ Not Favorite Color _____________________




18. Please write the color of your current motorcycle.
    Present________________
  a. What did you choose the above color?
     (Choose from the below listed Keywords & put on the box according to your
priority)


   1) Macho      2) Rich         3) Sophisticated   4) Youth       5) Trendy      6) Unique
   7) Safe       8) Shiny     9) Sporty    10) Racy Image      11) Decent
   12) Eye Catchy/ Attractive 13) Professional       14) Smart     15) Bright   16) Stylish

   17)Suits Personality     18) Vibrant   19) Maintenance Free 20) Religious        21)
   Sober
   22) Never Fade     23) Dust/Scratch less visible 24) Passionate    25) Funky
   26) others please specify: ____________


19. Regarding Motorcycle Design, what is an important aspect for you?
(_________________)
1) Body color     2) Sticker Design   3) Component Color 4) High Contrast Color
5) Other Please Specify:__________________
20. What is your dream motorcycle?   Model Name - ………………….



21. Top 3 channels you watch most.. 1…………….. 2………………. 3……………….

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A project report on brand image of motorcycles and the colour survey for the bike colours with special reference to yamaha motors

  • 1. BRAND IMAGE OF MOTORCYCLES AND THE COLOUR SURVEY FOR THE BIKE COLOURS SUBMITTED BY: Roll No. : INDUSTRY GUIDE FACULTY GUIDE
  • 2. ACKNOWLEDGEMENT Sincere gratitude is due to industry guide Mr. …………………………………., India Yamaha Motor, Surajpur Plant, Greater Noida (U.P.) for mentoring. It is the result of his esteemed guidance that this project culminated. Special thanks is due to all the team of Product Planning and Brand Development for their guidance. Sincere gratitude is due to ………………………… (academic guide for this project).
  • 3. TABLE OF CONTENTS Chapter No. Subject Page No. Ch.-1.0 Executive Summary 1.1 Society of Indian Automobile Manufacturers 1.2 Other major motorcycle companies in Indian Market 1.3 Sales Figures of motorcycle companies in Indian Market Ch.-2.0 Research Methodology 2.1 Problem Definition 2.2 Research Design 2.3 Sample Design. 2.4 Sample size 2.5 Scope of the Study 2.6 Limitations Ch.-3.0 Industry & Company Profile 3.1 Industry Profile 3.1.1 Two Wheeler Market Globally 3.1.2 Two Wheeler Market: The Indian Scenario 3.1.3 Rise of a Product: The motorcycles 3.1.4 Market Segment for Motorcycles 3.2 Company Profile 3.2.1 India Yamaha Motor Private Limited 3.2.2 Vision 3.2.3 Mission 3.2.4 Core competencies 3.2.5 Manufacturing process 3.2.6 Conclusion 3.3 SWOT Analysis Ch.-4.0 Data Collection 4.1 Primary Data 4.1.1 Questionnaire
  • 4. 4.1.2 Questionnaire Design Process Ch.-5.0 Findings & Data Analysis Ch.-6.0 Conclusion Ch.-7.0 Recommendation Ch.-8.0 References Ch.-9.0 Bibliography Ch.-10.0 Annexure
  • 5. EXECUTIVE SUMMARY Some of the major players that dominate the global Motorcycle market are Honda, Yamaha, Suzuki, Kawasaki, and Kinetic. Whereas the Indian market shows dominance of players like Hero Honda, Honda, Bajaj Auto Ltd, TVS motors and Yamaha. The focus of the study is INDIA YAMAHA MOTORS which holds approximately 3.5 % market share in the Indian Motorcycle industry whereas it is the second biggest player in the International Motorcycle Industry. India Yamaha Motor (IYM) is a 100% subsidiary of Yamaha Motor Corporation of Japan. Its manufacturing unit is in Surajpur while Faridabad Plant mainly caters to spare parts and paint shop. These two plants support the production of motorcycles for domestic as well as overseas market. Presently 8 models roll out of these two plants. The infrastructure at both the plants supports production of motorcycles and it's parts for the domestic as well as overseas market. At the core are the 5-S and TPM activities that fuel lean Manufacturing Processes. The plants have In-house facility for Machining, Welding processes as well as finishing processes of Electroplating and Painting till the assembly line. The stringent Quality Assurance norms ensure that their motorcycles meet the reputed International standards of excellence in every sphere. The purpose of the project was to study the positioning of brand image in the minds of the customers and also to study the colour preferences of the motorcycle customers. Consumers should have favourable awareness of brand. Brand awareness and the ensuing positioning in the minds of consumers differentiates successful organisation from failed organisation. Harley Davidson has a sort of cult following among its customers. It is only
  • 6. because the company has successfully ingrained its brand awareness in the psyche of people. To succeed, in today’s rapidly evolving market place organizations should strive continuously to increase awareness of their brands for the good. SOCIETY OF INDIAN AUTOMOBILE MANUFACTURERS Society of Indian Automobile Manufacturers ( ISO 9001-2008 Certified Organisation) is apex body representing 44 leading vehicle and vehicle engine manufacturers. It is the face of the Indian automobile industry. With its regular and continuous interaction with international bodies and organizations SIAM facilitates up gradation of technical capabilities of the Indian Industry to match the best practice worldwide. Indian Automobile Industry is showing accelerating pace of growth rate across all segments. According to Society of Indian Automobile Manufacturers, total sales for all categories stood at 12,08,851 units as against 9,29,917 units for the corresponding period a year-ago, a growth of 30% However, SIAM director general cautioned that sales may be affected if the monsoon, which the Met department has predicted to be good this year, becomes weak. Rising inflation is another concern. "If the government takes steps to control the money supply, then at some point of time interest rates will be under pressure. We have to track it very carefully," Mr Mathur, Director General SIAM, said. Sales of two-wheelers in May also jumped by 28.66% over that of May 2009. Motorcycle sales in India during May went up by 25.80% to 7,25,311 units from 5,76,537 units in the year-ago period.
  • 7. The country's largest motorcycle maker Hero Honda registered a growth of 11.74% in its sales at 4,01,320 units in May 2010. Sales in rival Bajaj Auto also shot up by 68.73% to 1,91,726 units, while Chennai-based TVS Motor Company posted a 21.21% growth at 52,319 units in May. Honda Motorcycle & Scooter India (HMSI) saw its bike sales jump by 52.24% to 55,110 units. In the scooter segment, the total sales in May jumped by 45.45% to 1,57,509 units as against 1,08,291 units sold in the corresponding month last year, SIAM said. HMSI's scooter sales were up by 28.03% at 76,980 units, while TVS Motor's scooter sales grew by 40.19% in May to 30,567 units. Hero Honda's scooter sales jumped 23,738 units, an increase by 61.21% from last year. Domestic Market Share for 2009-10
  • 8. Automobile Domestic Sales Trends (Number of Vehicles) Category 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 Passenger 1,061,5 1,143,0 1,379,97 1,549,8 1,552,7 1,949,77 Vehicles 902,096 72 76 9 82 03 6 Commerci al Vehicles 260,114 318,430 351,041 467,765 490,494 384,194 531,395 Three Wheelers 284,078 307,862 359,920 403,910 364,781 349,727 440,368 Two 5,364,2 6,209,7 7,052,3 7,872,33 7,249,2 7,437,6 9,371,23 Wheelers 49 65 91 4 78 19 1 Grand 6,810,5 7,897,6 8,906,4 10,123,9 9,654,4 9,724,2 12,292,7 Total 37 29 28 88 35 43 70 OTHER MAJOR MOTORCYCLE COMPANIES IN THE INDIAN MARKET Hero Honda The country's largest two-wheeler maker, Hero Honda, has reported 17.35 per cent rise in sales at 414,638 units in the month of march, the best-ever figure reported by the company for the month of March.The company had sold 353,342 units during March last year, Hero Honda Motors Ltd (HHML) said in a statement.
  • 9. HHML registered a cumulative sales of 4,600,130 units during 2009-10, against 3,722,000 units in the previous fiscal, up 23.59 per cent. Hero Honda is recognized today as one of the most successful joint ventures in the world. Bajaj The Bajaj Group is amongst the top 10 business houses in India. The group's flagship company, Bajaj Auto, is ranked as the world's fourth largest two- and three- wheeler manufacturer .The country's second largest two- wheeler maker Bajaj Auto has reported 85.12 percent jump in its motorcycle sales at 244,828 units in March,2010. The company had sold 132,253 units in March last year. During the entire 2009-10 financial year, the company sold 2,506,749 units in the motorcycle segment, a jump of 31.39 percent over 1,907,853 units in the year-ago period, it added.BAL attributed the growth to robust sales of Pulsar and Discover range of bikes. In March, total two-wheeler sales jumped by 84.57 percent to 244,889 units compared to 132,683 units in the same period a year ago, the statement said. TVS TVS Motor Company is the third largest two-wheeler manufacturer in India and one among the top ten in the world, with annual turnover of more than USD 1 billion in 2008-2009, and is the flagship company of the USD 4 billion TVS Group. Motorcycle segment registered a growth of 7 % in March 2010 with sales of 64,120 units in March 2010 when compared to 59,796 units in the same month of the year,2009. SUZUKI SUZUKI MOTORCYCLE INDIA PRIVATE LIMITED is a subsidiary of Suzuki Motor Corporation Suzuki Motorcycle India reported a jump of 76.13 per cent in its sales in March at 21,752 units, on the back of good response to its new products. The company had sold 12,350 units during March 2009,
  • 10. Honda Motorcycle and Scooters India Ltd
  • 12. SALES FIGURE OF MOTORCYCLE COMPANIES IN THE INDIAN MARKET
  • 14. RESEARCH METHODOLOGY Random Survey was used for the primary data collection. The period of survey was from 19-05-2010 to 26-05-2010. The questionnaire consisted of 21 questions in all. Sample size was limited to 345. MOTORCYCLE BRANDS CONSIDERED Only the brands actively present in the Indian motorcycle were considered namely- 1. Hero Honda Motorcycles Limited. 2. Bajaj Auto Limited. 3. India Yamaha Motor Private Limited. 4. Honda Motors and Scooters Limited. 5. T.V.S. Motor Limited. 6. Suzuki Motorcycle Limited. 7. ‘Others’ was used as a generic category for all other brands. 2.1 Problem Definition Random Sampling was used for the surveying for the purpose of primary data collection. Purpose of the survey was to study the following in particular: • To understand the Brand Image of Yamaha vs. its competitors so as to help the company to focus on its marketing plan and strengthen its future positioning.
  • 15. The target group of Yamaha is youngsters so the target group for our study is mainly young people mainly in the age group of 18-35 years so that we can know about their view and perception about Yamaha. • To check the quality of awareness of Yamaha and its competitors among the Indian customers. • To check the present performance of the companies and study the attributes which are liked and considered by people and also to know about the reputation of company in market. • To study the parameters which people associate with a certain Brand. • To check the effectiveness of present TVCF and other advertising and promotional media. • To study the chemistry behind preference of a particular bike preference and is the colour preference uniform across all other products they buy. • Characteristics the buyers associate with different colours. 2.1 Research Design The data obtained from the survey was sorted out in a proper sequence for analysis purpose. Incomplete questionnaires were discarded. Analysis was done thereupon using Microsoft Office Excel 2007 platform. Extensive use of bar- graphs, pie-charts was employed. Where there were more than more than one preference for a given question, proper weightage was given to the different preferences according to the order of preference. Microsoft Office Excel 2007 is a general analysis platform from Microsoft Corporation. U.S.A. Microsoft Office Excel has gained across industry acceptance for the simplicity and completeness for analysis purposes.
  • 16. The results obtained from the analysis using Excel platform are usually not directly applicable but nevertheless present the bare facts and data can thus be deciphered. 2.3 Sample Design Basis of Sampling Plan and Sample Size Sampling is the component of our research design. A Sample is a subgroup of the population for participation in the study. • Target population - Males between the age group of 18 – 60 years The target group of motorcycles is youngsters so the target group for our study are mainly young people mainly in the age group of 18- 40 years so that we can know about their view and perception about Yamaha. Age group above 40 till 60 was also considered so as to gain comprehensive picture of the Indian motorcycle market • Sampling technique - Judgmental sampling was used. Judgmental sampling is a type of non-probability sampling. Population elements are selected on the basis of judgment of researcher. Researcher chooses elements to be selected in the sample. Of all sampling types, convenience sampling is least expensive and least time consuming. Non-Probability sampling procedure was used. Non- Probability Sampling relies on the personal judgment of the researcher rather than chance to select sample elements. Researcher decides which elements to take in the sample. Because there is no way of determining the probability of selecting any particular element for inclusion in the sample, the estimates obtained are not statistically projectable to the population. For data gathering purposes friends, relatives, were
  • 17. surveyed. Also spot surveys were conducted in the Vehicle parking stands of MMX Mall (Sahibabad) and Shipra Mall (Ghaziabad). • Sample size (N) – 345 Sample size refers to the number of elements to be included in the study. Determining the sample size is complex and involves several qualitative and quantitative considerations. Import qualitative features that we considered in determining the sample size include: 1. Importance of the decision 2. Nature of the research 3. Number of variables 4. Sample sizes used in similar studied 5. Complication rates 6. Resource constraints Extent ( Area covered) Delhi -1 N.Delhi-176 Noida-21 Gr. Noida-14 Gurgaon-8 Ghaziabad-118 Meerut-6 Muradabad-1 2.4 Scope of the Study The project is concerned with the motorcycle customers of Delhi & NCR. It is aimed to analyze the brand image of six major players of Indian motorcycle industry. The project includes a detailed study of various parameters that people associate with a certain brand and attributes which are liked and considered by people. It also aims to check the quality of awareness of Yamaha and its competitors. Also the chemistry behind the different
  • 18. colour preferences of people was studied. Aim was to study the attributes, if any, people form with regard to different colours. 2.5 Limitations: i) The survey was restricted to Delhi and NCR region (Ghaziabad, Gurgaon, Noida, Greater Noida, Meerut, Muradabad.) in particular. ii) Inadequate time to follow the customer response. iii) Lack of experience in handling surveys. iv) Most of the respondents were having inadequate time for filling in the questionnaire. v) Unwillingness of respondent to provide information. vi) Inability of respondent to provide the exact information. Chapter3 Industry and Company Profile 3.1 Industry Profile The Two Wheeler Market Globally The two-wheeler industry is concentrated in the developing world, especially China and India, which together account for over half the total worldwide sales of two-wheelers. The Japanese manufacturers, Honda, Yamaha, Suzuki and Kawasaki, dominate the two- wheeler industry globally. Currently, all major two wheeler markets, except India, are dominated either by Japanese firms or their joint ventures.
  • 19. Hero Honda Motor Cycles Limited, an Indian motorcycle company is the world leader by sales. Motorcycles are used for many different purposes. Some use it for daily commuting ( especially in developing and under-developed worlds) and for hobby pursuits( in developed world). Harley Davidson, Royal Enfield, BMW, Yamaha etc are the companies that satisfy this hobby pursuit of the people, the world over. Two Wheeler Market: The Indian Scenario The Indian two-wheeler industry can be divided into three broad categories: scooters, motorcycles and mopeds. Each of these categories can be further segmented on the basis of several variables, like price, engine power, type of ignition, and engine capacity. Today, India is the second largest producer and customer of two-wheelers in the world. The Indian two-wheeler industry has undergone a significant change over the past 10 years with the preference changing from mopeds to scooters, and more recently, from scooters to motorcycles. With the reduction in the price differential between scooters and motorcycles, there has been a perceptible shift towards motorcycles because of their better styling, higher fuel efficiency, and higher load carrying capacity. Of late, scooters have made a resurgence. Honda Motors and Scooters India Limited is the market leader in the scooter segment. Also female centric two-wheelers like Pep have gained major portion of the market. Rise of a Product: The Motorcycles Motorcycles are the most expensive of all two-wheelers. They are more powerful than scooters and mopeds, have the highest load carrying capacity (which is essential for rural areas), are fuel-efficient, have better road grip, and are also the most expensive. Besides,
  • 20. motorcycles are viewed as “trendy” in the urban areas as compared with scooters and mopeds. The fortunes of the motorcycle industry changed after the announcement of the liberal licensing policy in 1982 where by foreign collaboration were allowed. In 1982, the Government allowed foreign players to enter the industry through joint ventures. Within four years, the TVS Group tied up with Suzuki, the Hero Group with Honda, the Escorts group with Yamaha and Bajaj Auto Limited (Bajaj Auto) with Kawasaki. TVS & Suzuki introduced Ind-Suzuki in 1984, Hero Honda Motors Limited (HHML) launched CD100 in 1985, and both Escorts and Bajaj Auto launched their models in 1986-87. Also, new entrants have entered the market by introducing their products at lower price points, while the existing players have announced price cuts. This has led to price competition in the domestic market. Market Segment for Motorcycles The motorcycle market in India can be segmented on the basis of price and power. The motorcycle market is divided into five segments. Basic category models priced between Rs.30, 000 - Rs.40, 000. Here the focus is , by and large, on price and fuel efficiency. In this category, Bajaj Auto has Platina , HHML has CD-Deluxe and Yamaha has Crux. In the standard category i.e. Between Rs.31, 000 – Rs.42, 000, Bajaj Auto has Platina-125, HHML has Splendor and Splendor NXG and Yamaha has Alba and GS-5.
  • 21. Executive category models priced between Rs.43,000 and 55,000. These are models with Japanese and European standards of engineering, styling, manufacturing and riding comfort. This segment has strong brand such as Victor (TVS), Passion Pro and Super Splendor (HHML), Discover (Bajaj Auto), Gladiator (Yamaha), Stunner and Shine (HMSI) and Zesus (Suzuki). Deluxe category (Rs.56, 000 – Rs.67,000) includes FZ-S and FZ-16 (Yamaha), Hunk and CBZ Xtreme (HHML), Pulsar150 and 180 (Bajaj), Apache (TVS), Unicorn (HMSI) and GS-150 R (Suzuki). Premium category models priced above Rs. 65,000. Bajaj Auto has the Pulsar 200 and 220, Apache- RTR EFI (TVS) and R15 (Yamaha) and Karizma (HHML). HHML is the market leader in the motorcycles segments. Since Honda has always been one of the global pioneers in developing fuel-efficient engine technology, the unique selling propositions of all HHML motorcycles are fuel efficiency and ease of maintenance. Motorcycles are positioned as performance oriented, economy oriented and more recently, as products offering a mix of performance and economy. 3.2 Company Profile India Yamaha Motor Private Limited India Yamaha Motor (IYM) is a 100% subsidiary of Yamaha Motor Corporation of Japan. The company has its manufacturing unit in Faridabad and Surajpur, which supports the production of motorcycles for domestic as well as overseas market. Presently 10 models roll out of this two plant. Year of Establishment July 1, 1955 (Yamaha Japan)
  • 22. Industry Motorcycle manufacturing International Headquarter 2500 Shingai, Iwata-shi Shizuoka-ken, Japan Vision We will establish YAMAHA as the "exclusive & trusted brand" of customers by "creating Kando" (touching their hearts) - the first time and every time with world class products & services delivered by people having "passion for customers". Mission Be the Exclusive & Trusted Brand renowned for marketing and manufacturing of YAMAHA products, focusing on serving our customer where we can build long term relationships by raising their lifestyle through performance excellence, proactive design & innovative technology. Our innovative solutions will always exceed the changing needs of our customers and provide value added vehicles. Build the Winning Team with capabilities for success, thriving in a climate for action and delivering results. Our employees are the most valuable assets and we intend to develop them to achieve international level of professionalism with progressive career development. As a good corporate citizen, we will conduct our business ethically and socially in a responsible manner with concerns for the environment. Grow through continuously innovating our business processes for creating value and knowledge across our customers thereby earning the loyalty of our partners & increasing our stakeholder value. Core competencies
  • 23. 1. Customer #1 Yamaha put customers first in everything they do. They take decisions keeping the customer in mind. 2. Challenging Spirit Yamaha strive for excellence in everything they do and in the quality of goods & services they provide. 3. Team-work They work cohesively with the colleagues as a multi-cultural team built on trust, respect, understanding & mutual co-operation. 4. Frank & Fair Organization Yamaha Motor is a company that has worked ever since its founding to build products defined by the concepts of “high-quality and high-performance” and “light weight and compactness” as they have continued to develop new technologies in the areas of small engine technology and FRP processing technology as well as control and component technologies. It can also be said that their corporate history has taken a path where “people” are the fundamental element and their product creation and other corporate activities have always been aimed at touching people’s hearts. Their goal has always been to provide products that empower each and every customer and make their lives more fulfilling by offering greater speed, greater mobility and greater potential. As a company that makes the world its field and offers products for the land, the water, the snowfields and the sky, Yamaha Motor strives to be a company that “offers new excitement and a more fulfilling life for people all over the world” and to use our ingenuity and passion to realize peoples’ dreams and always be the ones they look to for “the next Kando.”
  • 24. Kando is a Japanese word for the simultaneous feeling of deep satisfaction and intense excitement that people experience when they encounter something of exceptional value. Manufacturing process IYM's manufacturing facilities comprises of 2 state-of-the-art Plants at - Faridabad (Haryana) and Surajpur (Uttar Pradesh). Currently 10 models roll out of the two Yamaha Plants. The infrastructure at both the plants supports production of motorcycles and it's parts for the domestic as well as oversees market. At the core are the 5-S and TPM activities that fuel agile Manufacturing Processes. They have In-house facility for Machining, Welding processes as well as finishing processes of Electroplating and Painting till the assembly line. The stringent Quality Assurance norms ensure that our motorcycles meet the reputed International standards of excellence in every sphere.As an Environmentally sensitive organization we have the concept of "Environment-friendly technology" ingrained in our Corporate Philosophy. The Company boasts of effluent Treatment plant, Rain water - Harvesting mechanism, a motivated forestation drive. IYM Ltd. is IS0-14001 certified. All our endeavors give us reason to believe that sustainable development for Yamaha will not remain merely an idea in pipeline.
  • 25. Yamaha's Motorcycle operations in India Conclusion As the auto industry witnessed yet another year of good sales, there is clear evidence that the dynamics of the Indian two-wheeler industry has changed significantly over the last few years. While everyone knows that there has been constant shift in demand towards motorcycles from geared scooters. Various companies have entered into the two-wheeler industry. There are various competitors of Yamaha comes from Hero Honda. The driver of growth for Hero Honda was the launch of entry level, value-for-money bike “CD-Dawn” and the
  • 26. upgraded version of “Splendor” and “Passion”. The company which had lost its market share in FY02 has made a strong comeback and regained its share. Secondly another company Bajaj is also leading in the two-wheeler in the market. The success Bajaj’s latest model Pulsar has helped the company to stay clear of adopting an aggressive price reduction strategy. Besides, the recently launched CT100 had also enjoyed a fair degree of success. TVS is also trying to capture the good market share by introducing the different models of bikes. The industry has now acquired the traits of the consumer durable industry, of price wars, celebrity endorsement and ever-increasing sales and promotional out go. Earlier, Hero Honda and Bajaj Auto were the only producers of four-stroke motorcycles. Now, TVS Motor is also jostling for space in the four-stroke market. India Yamaha Motor last year achieved a dramatic turnaround on the back of the success of its 125cc Enticer and 106cc Libero models. IYM is also trying to retain their market share by introducing different bikes. They have launched two bikes in 2004 as change Libero and Fazer. In 2008, they have launched FZ-16 and R15. They have also launched an upgraded version of FZ-16 i.e. FZ-S. Currently, Yamaha have a market share of about 3.5% in the Indian two-wheeler market. 3.3 SWOT Analysis STRENGTHS WEAKNESSES • High quality products to exceed • Yamaha has narrow product line in customer expectations. Indian market. • Attractive design and colours. • Few people are not satisfied with the • Strong brand name all over the mileage of the bikes. world as well as in India. • Not giving promotional schemes for • Availability of easy finance longer time periods. schemes from Bussan Auto
  • 27. Finance. • Poor advertisement of the product. • Use of latest technology for production. • Low maintenance and low expenses per kilometer. • Now it comes with a changed handlebar which is more comfortable to drive. • Availability of the product in the market. • Broad and intensive distribution network across the country. OPPORTUNITIES THREATS • The Sales may be increased if • Low end cars like TATA Nano are advertisements are made more eating away the share of high end attracting to the young generation motorcycle manufacturers. and the advertisement is made with any celebrity. • Bajaj and TVS are also producing same segment bikes at same price with • Targeting the upper-middle class more powerful engine. people and the young generation. • Bajaj Pulsar is the strongest rival with • Retailer’s motivation. high performance and frequent variations and up gradations. • Demand is increasing with the time in the motorcycle segment. • Different effective promotional schemes of competitors. • One of the best and popular brands of the world, so company can use • Honda Motors & Scooters Limited is its brand image for advertising and pursuing Indian Motorcycle Market attracting people. vigorously. • The vast rural market is
  • 28. opportunity in waiting by catering to attractive financial schemes. Chapter 4 Data collection Data collected is an elaborate process in which the researcher makes a planned search for all the relevant data. Data is the foundation of all marketing research. It is the raw material with which a researcher functions. 4.1 Primary Data Primary Data is the original data collected by the researcher. It has a specific purpose of addressing the problem at hand. One set of questionnaire was prepared. The structured questionnaire consisted of closed ended questions. The questions were made simple and easy to answer for the interviewer. The customers to be interviewed were selected by the researcher.. The respondents had to be in the age group between 18 – 60 years and they must own a two-wheeler in Delhi & NCR( Noida, G. Noida, Meerut, Muradabad, Gurgaon, Ghaziabad).
  • 29. Methods of data Collection used:  Questionnaire: In personal interviews, respondents are face to face with the interviewer, thus complex and varied questions could be asked. QUESTIONNAIRE DESIGN PROCESS. Specify the information needed Specify the Type of interviewing method Determine the content of individual questions 1
  • 30. 1 Design the questionnaire to overcome the respondent’s inability and unwillingness to answer the questions Decide on question structure Determine the question wording Arrange the questions in a proper sequence Identify the form and layout Reproduce the questionnaire Eliminate bugs by pre-testing
  • 31. Chapter 5 Findings & Data Analysis 1. AGE OF THE RESPONDENTS Age Group Figure Percent Under 20 Years 26 7.536% 21-25 Years 151 43.768% 26-30 Years 87 25.217% 31-35 Years 38 11.014% 36-40 Years 18 5.217% 41-50 Years 18 5.217% Above 51 Years 7 2.029% TOTAL RESPONDENTS 345 100.000%
  • 32. All the possible age groups from 18 years of age till 60 years of age were considered. Since youngsters are the major market for the motorcycles, age group 21-35 were aggressively surveyed. As is evident from the sample data, preference for motorcycle goes on decreasing as the age limit crosses 35 years. Age limit above 51 years is the least attractive segment for the motorcycle companies. To be a leader in the motorcycle market , thus, every company should try to pursue 18-35 years of age. Better still if the company is able to cater to distinguish between these sub-segments. 2. RESPONDENTS PROFILE:
  • 33. Occupation Figure Percent Student 143 41% Office Employee 109 32% Factory Worker 12 3% Shop Owner 21 6% Business Man 16 5% Professional (lawyers, doctors) 39 11% Farmer 3 1% Others( Retired personnel) 2 1% TOTAL RESPONDENTS 345 100%
  • 34. All the occupation groups were tried to be covered. Majority of the sample was students, the major market of motorcycles. Also this segment is most volatile. Yamaha can leverage this segment by providing them certain motivations (like increased number of free services). Office goers come second. Distant third come professionals ( doctors, lawyers,..). Together these three segments make for 85 percent of the motorcycle market in the surveyed group. These segments should be holistically pursued to emerge a market winner.
  • 35. 3. Which two motorcycle attracts you a lot Model Series1(first Series2(second Series3 preference) preference) Pulsar150 38 28 104 Karizma ZMR 27 49 103 R15 22 28 72 Karizma 33 66 Pulsar180 25 11 61
  • 36. Apache 14 29 57 Pulsar200 26 52 FZ-S 12 18 42 Fazer 10 17 37 Pulsar220 4 26 34 Series1= first preference Series 2= second preference Series3=(series1)*2+(series2) In the surveyed group, clearly Pulsar 150 is the first preference. Karizma ZMR is the second most preferred brand. Yamaha has three models in the top ten most preferred bikes namely,R15( third most preferred bike), FZ-S (eighth most preferred bike) and Fazer (ninth most preferred bike). Also effectiveness of brand promotion by constant bombardment is depicted from the Pulsar Model bikes from the stables of Bajaj. Pulsar is mainly positioned in consumers bikes as “the bike”. 4. These motorcycles belong to which companies Hero Bajaj Yamaha Honda TVS HMSI Suzuki Others Apache RTR 3.48% 3.00% 5.51% 86.67% 0.29% 0.29% 0.29% Pulsar135 97.39% 2.03% 0.29% 0.29% 0% 0% 0%
  • 37. Karizma ZMR 1.15% 1.44% 96.23% 0% 1.12% 0.29% 0% Fazer 0.29% 13.04% 2.90% 4.93% 8.99% 68.99% 1.12% GS150 R 0.29% 13.04% 2.90% 4.93% 8.99% 68.99% 1.12% CBF Stunner 1.44% 1.44% 13.62% 2.30% 68.99% 11.59% 0.58%
  • 38. The most striking feature of this question was its outcome. Major/ new brands from all the stables are well known, irrespective of the age of the respondents. Also Pulsar and Karizma ZMR are well known brands as no ‘other’ option was ticked for these two bikes. Also, there were some percentages of the ‘other’ options for all other bikes. This calls for further positioning on part of these companies. 5. Which Brand you like most
  • 39. Company Percentage Bajaj 27.83% Yamaha 18.84% Hero Honda 39.13% Honda 4.35% TVS 8.70% Suzuki 1.16% Hero Honda Motorcycles Limited ( the world leader in sales) tops the list. Next comes Bajaj Auto Limited. Followed by India Yamaha Motorcycles Ltd. Yamaha far outweighs its major rivals( big brothers in the Indian market)-TVS, Honda. This establishes the fact that Yamaha needs to promote its bikes aggressively. It is very much feasible for Yamaha to become number three in the Indian market. This also
  • 40. establishes the fact that consumers prefer Yamaha bikes as an efficient bike manufacturer with the capability to satisfy their inherent biking needs. Also since youth segment was the aggressively pursued brand, this bodes well for Yamaha. Some stimulus is needed to gain the pocket share of consumers compared to TV and HMSI. 6. Specify your source for awareness of motorcycles. Source Percentage TVCF 19.42% Newspaper 16.81% Magazine 15.65% Showroom 12.17% Family/ Friends 23.77% Internet 8.41% Hoardings 2.90% Road Show 0.87% Others 0.00%
  • 41. Interestingly family and friends tops the major source of awareness for motorcycles. This was specifically true in the case of students. Thus positioning itself as a ‘manufacturer of safety first’ bikes, companies targeting this company stand a good chance to be the market leader. But also, this is the most style conscious segment. Thus it is imperative to maintain the style quotient in the models. TVCF comes as the second best source of awareness. Thus this source of advertisement cannot be neglected. This calls for more aggressive advertising on part of Yamaha. Newspapers come at third place. Also, newspapers are a robust source of advertisement in rural areas, where electricity is a rare commodity. This print media should be assiduously pursued to augment the brand reach in the whole country. 7. What influenced you more in purchase of your bike Factor Percent Family/ Friends 40.00% Girl Friend 12.75% Hoarding 4.06% Show Off 5.51% Personal Experience 29.28% Information from Dealer/ Showroom 1.74% Test Drive 3.19% Resale Value 2.90%
  • 42. Others 0.58% Across all age groups, family and friends was the most influencing factor in the purchase of motorcycles. Also since students (youth) are the major market for motorcycles, favourable positioning as a value brand, the motorcycle manufacturer can gain acceptance. In the age of nuclear families, parents are the main source of influence. Thus motorcycle companies should position themselves as a “safety first” bike manufacturers. For all other age groups, personal experience is the main influencing factor. Quality is imperative to gain acceptance. Satisfied customers
  • 43. spread a positive word for the brand. Also tend to become repeat buyers. Thus satisfying the needs in a better way than competitors will catapult Yamaha to be the market leader in the Indian market. 8. Company you associate with racing Manufacturer Percentage Bajaj 16.52% Yamaha 45.51% Hero Honda 16.23% TVS 4.35% Honda 7.83% Suzuki 9.57%
  • 44. Yamaha is known as a racing bikes manufacturer. Yamaha’s RX 100 is still revered for its pick-up and speed. Speed Biking is mainly attributed to Yamaha. It holds the record for maximum wins in Grand Prix. The Government of India is investing heavily in roads and highways. Properly pursuing the inherent racing tendency in youngsters by providing racing bikes will set Yamaha apart from its competitors. Till now, no Indian manufacturer has provided the super bikes. These bikes are mainly imported. Setting up speed bikes manufacturing will provide Yamaha early mover advantage in the Indian market. Also this can be competitive advantage for Yamaha. But caution must be provided to train safe biking habits amongst the consumers. 9. Which bike you strongly associate with youth Manufacturer Percentage Bajaj 29.86% Yamaha 34.20% Hero Honda 27.83% TVS 3.19% Honda 3.48% Suzuki 1.45% Yamaha is the bike of the youth. In the survey conducted, it far outweighed Bajaj and Hero Honda. Most striking feature was that all the respondents, irrespective of the age groups opted Yamaha as truly associated with youth. Youth being the major market for motorcycles, it is a favourable outcome of Yamaha’s ‘Youth
  • 45. Approaches’. FZ series and R15 are the bikes designed with youth in mind. Yamaha should further explore this profitable segment and try to more than satisfy this segments needs. 10.Value positioning of motorcycles in the minds of consumers Stylish Advanced Reliable/ High / Trend Traditiona Technolog Trustworth Performanc l y y e Sporty Setter Hero Honda 54.49% 20.58% 51.59% 35.36% 17.97% 33.62% Bajaj 24.93% 33.91% 29.57% 30.72% 24.64% 28.99% Yamaha 9.57% 31.59% 11.01% 22.32% 40.87% 17.97% TVS 3.77% 3.77% 4.35% 3.77% 5.22% 5.22% HMSI 2.03% 6.67% 1.74% 4.93% 5.80% 3.48% Suzuki 2.03% 3.48% 0.87% 2.90% 4.35% 4.93% 3.19% 0% 0.87% 0% 1.16% 5.80% Good Affordable Innovative Mileage Passionate Price Hero Honda 25.22% 51.88% 30.72% 37.68% Bajaj 24.93% 20.87% 24.06% 29.28% Yamaha 27.54% 8.12% 20.87% 9.57% TVS 4.64% 11.59% 7.54% 15.65% HMSI 6.38% 4.35% 6.96% 4.35% Suzuki 5.51% 2.90% 3.19% 2.32% 5.80% 0.29% 6.67% 0% Interestingly for attribute ( barring technology, performance and affordability) there seemed to be lack of customer satisfaction on other key attributes. These are the attributes to be pursued religiously and conveyed to the consumers. These are some of the attributes that can be positioned in the minds of consumers to satisfy
  • 46. their unmet needs. Hero Honda dominates nearly all the attributes. This elucidates the reason for its market leader position. Yamaha as a brand leads as being the most innovative and most stylish bikes manufacturer. This supports the endeavor of Yamaha as the ‘youth centric’. This makes it all the more likeable brand among the youth, the major market for motorcycles. Yamaha should assiduously pursue this segment to out-beat its competitors.
  • 48. Brand Recommenders Preferers Bajaj 35.36% 29.86% Yamaha 21.16% 20.87% Hero Honda 34.49% 37.10% TVS 6.67% 8.12% Suzuki 3.19% 1.74% HMSI 2.03% 2.32%
  • 49. Hero Honda is the most preferred bike while Bajaj is the most recommended brand in the surveyed group. This shows an interesting dichotomy on part of consumers. Ideally there should be a common yardstick for liking of a bike. Respondents had ranked Bajaj higher on ‘ advanced technology’ and ‘stylish’ vis-à-vis Hero Honda. May be this is the reason for this dichotomy. Yamaha was adjudged as the most stylish bike, but is not the most recommended. May be ‘advanced technology’ attribute is the reason behind this. As regards to other brands, Yamaha outweighs TVS, Suzuki and HMSI on ‘recommender’ and ‘preferers’. This establishes the fact that Yamaha is on the way to beat these rivals in
  • 50. the intensely competitive Indian market. Augmented brand promotion is needed on part of Yamaha to increase its market share. ‘ Kando’ will definitely be gained through intensive promotion of the brand. 12.Which Brand you will never buy Brand Percentage Bajaj 5.51% Yamaha 11.01% Hero Honda 3.77% TVS 30.14% HMSI 22.32% Suzuki 27.25%
  • 51. Market leader position doesnot indicates that the brand is revered by all. Hero Honda Motorcycles, the most selling bikes brand( in the world) by volumes is also a no-no for 3.77% of the respondents. 5.55% of the respondents are averse to Bajaj. This establishes that it is impossible for any single brand to satisfy the market as a whole, hence the utility of segmentation. Yamaha fairs much better compared to other brands. This again establishes the importance of promotional activities. Augmented promotional activities on national scale can catapult Yamaha far ahead of TVS and HMSI. 13.Reasons for rejection: Baja Yamah Hero TV HMS Suzuk TOTA j a Honda S I i L Already have 1 1 Bad engine 1 1 2
  • 52. Balancing problem 2 1 3 Chain set problem 1 1 Due to obsolescence 1 1 Friends comments 2 1 5 8 High maintenance 3 3 3 3 12 High price 1 6 2 1 2 8 20 Lack of Awareness 1 6 10 13 30 Lack of good models 3 6 10 3 22 Less features 1 1 2 Less pickup 1 1 Less Varieties 11 5 2 18 Low mileage 9 5 1 11 26 low performance 1 1 1 14 8 4 29 Never tried 1 1 No connection with youth 1 1 No interest in brand 1 1 1 3 No liking for the brand 4 2 9 7 6 28 No new models 3 3 Not attractive 1 4 1 19 4 18 47 Not comfortable 2 3 5 Not competitive 1 1 2 Not innovative 1 1 4 3 1 10 Past experience 1 1 2 3 1 8 Past market performance 2 1 3 Baja Yamah Hero TV HMS Suzuk TOTA j a Honda S I i L Poor after sales service 2 2 3 4 11 Poor brand image 2 6 1 1 10 Resale value 2 1 2 1 6 Shocker problem 2 2 Short in size 2 2 Test drive 4 4 Very common 1 3 4 Weak body, Not reliable 1 1 6 5 4 17 TOTAL 19 38 13 104 76 93
  • 53. Several Reasons were attributed for rejection. We graphed top 15 reasons for this rejection. Here some tandem was seen as per the market position of the top 2 players in the Indian motorcycle segment. Both Hero Honda and Bajaj have les negative attributes assigned to them. Improving on other attributes and these attributes ingeniously can leverage Yamaha to much better market share. Also Yamaha is way ahead compared to other brands. This augments well for Yamaha. Yamaha should hone upon the mileage problem. Majority of the respondents complained about Yamaha’s low average attribute. Also their bikes are positioned as costly. This presents unique technical challenge for Yamaha. Costs should be regulated considering the demand. Powerful bikes guzzle petrol. Thus Yamaha should launch more economical bikes with optimum mileage. Care
  • 54. should be taken that proper segmentation is positioned in the minds of consumers regarding power bikes and economical bikes. 14.Brand Personality of India Yamaha Motor Pvt. Ltd. personality Percentage Yuvraj Singh 6.09% M S Dhoni 8.99% Hrithik Roshan 11.30% John Abraham 73.62% Objective behind asking this question was to gauge the consumer awareness of Yamaha brand particularly. Consumers identify the brand with the personality endorsing the brand. John Abraham is an avid biker. Also he is the perfection of typical Indian youth. He has his own cult following amongst the youths. The percentage of correct awareness commensurate with the brand awareness of the consumers. 74% of the respondents correctly identified John as the brand personality of IYM Ltd. Most interesting fact was that regardless of age, consumers had this awareness. This establishes that consumers follow Yamaha. Yamaha needs to seriously adapt itself to the Indian market needs, to beat its rivals. Serious analysis of all the various aspects of the business is necessitated by
  • 55. this finding. It comes distant 5 even when adequate awareness levels about the brand persist. 15.Favourite and non-favourite colour in general Favourite Color Percentage Not Favourite Color Percentage Cream 0.29% Maroon 0.29% Maroon 1.16% Metallic 0.29% Metallic 0.58% Cream 0.87% Orange 0.58% Grey 1.74% Grey 1.45% Purple 1.74% Purple 0.87% Brown 2.32% Silver 1.45% Silver 3.19% Yellow 2.61% Pink 5.80% Green 3.19% Orange 5.51% White 3.19% White 7.83% Pink 3.48% Green 8.70% Blue 1.16% Black 21.16% Red 22.61% Blue 13.04% Black 46.96% Yellow 18.26% Red 19.71%
  • 56. YELLOW YELLOW WHITE WHITE SILVER SILVER RED RED PURPLE PURPLE PINK PINK ORANGE METTALIC ORANGE MAROON METTALIC GREY MAROON GREEN GREY CREAM GREEN BLUE CREAM BLACK BLUE 0 20 40 60 80 100 120 140 160 180 BLACK BROWN BROWN YELLOW YELLOW WHITE WHITE SILVER SILVER RED PURPLE RED PINK PURPLE ORANGE PINK METTALIC ORANGE MAROON GREY METTALIC GREEN MAROON CREAM GREY BLUE GREEN BLACK CREAM 0 10 20 30 40 50 60 70 80 BLUE BLACK
  • 57. The objective behind this question was to ask their favourite and non-favourite colour. This was done to know if there is a general tendency to choose particular colour(s) in favourite and non-favourite category, by the whole sample. Also the reply to this question was to be compared with favourite and non-favourite colour of their bikes. Any relationship, if any, between the responses was to be studied. Interestingly, preference and dislike was concentrated to few colours: (1) Favourite colour-Red ( 22.61% ) and Black(46.96% ) (2) Non-favourite colour-Black(21.16%) Blue(13.04%) Yellow(18.26%) Red(19.71%) Red and Black dominated in both favourite and non-favourite categories. May be this is due to the largely religious nature of Indian culture. Indian’s seem to buy products with religious perspective. 16.Favourite and no –favourite colour motor-cycle colour. MC Favourite Color Percentage MC Not Favourite Color Percentage Pink 0.29% Metallic 0.29% Purple 0.29% Maroon 0.29% Green 0.87% Brown 0.58% Metallic 0.87% Cream 0.58% Grey 1.74% Purple 1.93% Yellow 1.74% Orange 1.74% White 2.90% Grey 2.32% Silver 3.19% Silver 4.06%
  • 58. Blue 8.70% White 7.35% Red 20.00% Black 8.99% Black 59.42% Green 10.43% Blue 13.33% Yellow 24.06% Red 24.06% MC NON FAVOURITE COLOR CREAM BROWN CREAM ORANGE BROWN MAROON ORANGE MAROON YELLOW YELLOW COLORS WHITE WHITE SILVER SILVER RED PURPLE RED METTALIC PURPLE GREY GREEN METTALIC BLUE GREY BLACK 0 10 20 30 40 50 60 70 80 90 GREEN BLUE NO. OF SAMPLES BLACK
  • 59. MC FAVOURITE COLOR YELLOW YELLOW WHITE SILVER WHITE RED SILVER COLORS PURPLE RED PINK PURPLE METTALIC GREY PINK GREEN METTALIC BLUE GREY BLACK GREEN 0 20 40 60 80 100 120 140 160 180 200 220 BLUE NO. OF SAMPLES BLACK White, Silver, Blue, Red and Black are the main favourite and non-favourite colours on motorcycle. Yellow is one of the top non-favourite colour. Interestingly, the whole world of colours seems wrapped to few chosen colours. Also, the very same very colours which are top favourite are also top non-favourite colours. Black is the overall favourite bike colour. Also, the overall preference for colours in general (question no. 15 & 16) are nearly similar. Thus, motorcycle companies should look into this special relationship between colours and consumer preferences. 17.Colour of your present motorcycle Model Color Percentage Cream 0.29% Maroon 0.29% Purple 0.29% White 0.58% Metallic 0.87% Green 1.16% Grey 1.45% Yellow 1.45% Silver 4.35%
  • 60. Blue 8.99% Red 18.55% Black 61.74% Red and Black are the major bike-colours with the respondents. Blue comes distant third. Motorcycle-Companies should concentrate on these colours and try to bring as many variants in these colours. Yamaha with its Fazer bikes has successfully launched bikes in red, black and red-black colour. Apart from red, black, blue, silver other colours are negligent in vehicles. This also provides opportunity for companies. They should try and provide some new colours to consumers. Proper market testing should be done. This may throw up some unexpected opportunities. MODEL COLOR YELLOW YELLOW WHITE WHITE SILVER SILVER RED RED PURPLE COLORS METTALIC PURPLE MAROON METTALIC GREY MAROON GREEN CREAM GREY BLUE GREEN BLACK CREAM 0 20 40 60 80 100 120 140 160 180 200 220 BLUE NO. OF SAMPLES BLACK
  • 61. MODEL COLOR YELLOW YELLOW WHITE WHITE SILVER SILVER RED RED PURPLE METTALIC PURPLE COLORS MAROON METTALIC GREY MAROON GREEN CREAM GREY BLUE GREEN BLACK CREAM 0 20 40 60 80 100 120 140 160 180 200 220 BLUE NO. OF SAMPLES BLACK 18.Why did you choose the particular colour in your motorcycle. Respondents were provided with 25 attributes in all namely 1) Macho 2) Rich 3) Sophisticated 4) Youth 5) Trendy 6) Unique 7) Safe 8) Shiny 9) Sporty 10) Racy Image 11) Decent 12) Eye Catchy/ Attractive 13) Professional 14) Smart 15) Bright 16) Stylish
  • 62. 17)Suits Personality 18) Vibrant 19) Maintenance Free 20) Religious 21) Sober 22) Never Fade 23) Dust/Scratch less visible 24) Passionate 25) Funky 26) others please specify: ____________ They were asked to opt for the attributes they think is provided by the colours they chose. The responses varied for each colour as- REASONS FOR CHOOSING A COLOR Shiny 35 Sporty 30 Youth 25 20 Macho NO. OF SAMPLES 15 Unique 10 Decent 5 Dust free 0 Trendy Stylish D E EY RE E CK BLU M N R IT LE W ON GR LIC EE VE EA BLA WH LLO RP GR SIL RO CR TTA PU YE MA ME COLORS FACTORS FOR CHOOSING BLACK
  • 63. FACTORS FOR CHOOSING BLACK Shiny Sporty Youth Macho Dust free Unique Decent Trendy Sophistic Stylish Racy Attractive FACTORS Rich Series2 Smart Series1 Suits Never fade Professio Safe Passionat sober Funky Bright viberant Religious Maintaina Others 0 5 10 15 20 25 30 35 NO. OF SAMPLES FACTORS FOR CHOOSING RED
  • 64. FACTORS FOR CHOOSING RED Shiny Trendy Macho Youth Stylish Decent Sporty Smart Professional Bright Unique COLORS Series1 Religious Safe Rich Racy Image Never fade Attractive viberant Suits Sophisticated Maintainance Dust free 0 2 4 6 8 10 12 NO. OF SAMPLES FACTORS FOR CHOOSING BLUE
  • 65. FACTORS FOR CHOOSING BLUE Sporty Stylish Suits personality Smart Funky Never fade Shiny Unique Youth FACTORS Sophisticated Maintainance free Professional Series1 Attractive Decent Racy Image Rich Bright Safe Macho 0 1 2 3 4 5 6 NO. OF SAMPLES FACTORS FOR CHOOSING SILVER
  • 66. FACTORS FOR CHOOSING SILVER Shiny Maintainance Safe Unique Sophisticated Rich Dust free viberant FACTORS Suits personality Stylish Bright Series1 Smart Racy Image Sporty Trendy Youth Macho 0 0.5 1 1.5 2 2.5 3 NO. OF SAMPLES 19.Regarding Motorcycle design what are the important aspects.
  • 67. Regarding MC Design Percentage Body Style/ Design 1.74% High Contrast Color 8.41% Component Color 15.07% Sticker Design 21.16% Body Color 48.99% Riding Comfort 4.64% IMPORTANT FACTORS OF MC DESIGN 180 160 140 120 100 NO. OF SAMPLES 80 60 Series1 40 20 Series2 0 Body Color Sticker Component High Riding Body Design Color Contrast Comfort Style/ Color Design FACTORS Top features opted by the respondents were- Body colour, sticker design and component colour. Surprisingly, riding comfort and body style were lower on the count. This may be comprehended as consumers take riding comfort and body design as an accepted, irrefutable offering and they further ask for these aesthetic features. Also since youth is the major market for motorcycles, this shows the demanding preferences of today’s younger generation. They need bikes to flaunt besides serving the basic biking wants.
  • 68. Thus, to gain larger share of the market companies should focus on these and other innovative aesthetic appeals in the models. Yamaha has lately offered several such innovations. This has resulted in ever greater market share for Yamaha in the Indian market. 20. Your Dream Motorcycle Model percentage model percentage Thunderbird 0.87% Achiever 0.29% FZ-16 1.16% Aprilia 0.29% Machismo 1.16% Caliber 0.29% Apache RTR 1.45% Discover 135 0.29% Bullet 1.74% Gs150R 0.29% Pulsar180 2.03% Intruder 0.29% RX100 2.03% KTM990 0.29% CBR 2.32% MT01 0.29% CBZ Xtreme 2.32% Passion 0.29% Ducati 2.90% Pulsar135 0.29% Royal Enfield Classic 3.48% Pulsar200 0.29% Fazer 3.77% R6 0.29% Bullet 500 4.93% Rajdoot 0.29% Harley Davidson 4.06% Splendor 0.29% Pulsar220 5.80% Bullet 350 0.58% R1 4.35% Discover 100 0.58% Avenger 5.22% Glamour 0.58% Karizma 6.67% Splendor plus 0.58% Karizma ZMR 7.54% Hunk 0.87% Kawasaki Ninja 8.41% Pulsar150 0.87% R15 9.57% Hayabusa 10.14% The objective behind asking this question was to know the aspirations of consumers. Different segments have different aspirations. There was preference for powerful bikes as well as economical bikes. This can be interpreted as –needs and aspirations evolve with age. Also, financial stability along with personality type is also an important consideration.
  • 69. Yamaha has seven bikes in the treasured category. This shows that Yamaha has an avid following amongst the consumers. 21.Top three channels you watch most 1st Priority 2nd Priority 3rd Priority weighted Ten sports 18 14 10 92 V 12 20 13 89 Bindaas 18 18 11 101 HBO 33 12 6 129 Star news 30 14 8 126 Star Sports 18 22 12 110 Colors 42 26 10 188 ESPN 45 14 20 183 Zee Tv 21 54 19 190 Sony 45 48 12 243 Star Plus 72 38 13 305 Discovery 84 28 18 326 Aajtak 90 46 20 382 Mtv 99 46 14 403 NDTV 105 44 18 421 weighted=first priority*3+second priority*2+third priority
  • 70. Weighted=(First priority)*3 + (Second priority)*2+ (Third priority) Objective behind this question was to know the channels which will gain maximum eyeballs to TVCF. M.Tv topped the list for entertainment( song channels) ND Tv is the number one viewed channel It far outstrips other news channels. Discovery channel is the favourite of all age groups. Thus it can be a very good source of brand promotion. ESPN tops the sports channels. During special sporting festivals like T20, companies should provide TVCF round the year on ESPN.
  • 71. Idiot box is the favourite source of past time for majority of Indians. Thus this medium should be considered for maximum brand awareness. Also this can be a very good medium to influence parents as youth majorly depend upon their family for their own motorcycles. If cleverly pursued, this can be a major influence on elders regarding safety of bikes like on mothers while they are watching their favourite soaps.
  • 72. Chapter 6 CONCLUSIONS (1) Yamaha is the most favourite brand amongst youths in the Indian market. (2) Yamaha is regarded as the original makers of racing bikes by the respondents. (3) Yamaha is the third most preferred brand after Hero Honda Motorcycles Ltd. And Bajaj Auto Ltd. (4) Youth (Students) are the major market for motorcycles in India.
  • 73. (5) Family/friends, TVCF and newspapers are the major source of awareness for motorcycle brand awareness. (6) Major influencing factors in the purchase of bikes are-family/ friends, personal experience and girl friend. (7) R15, Fazer, FZ-S from Yamaha are amongst the top ten favourite bikes in the surveyed group. (8) Hero Honda and Bajaj are considered as brands with most consumer favourable attributes. They are also the brands most likely to be preferred and recommended. (9) Yamaha is way ahead in overall consumer favourable response compared to TVS, Suzuki, HMSI. (10) Majority of the Consumers prefer red and black colour in general and also in their bikes. (11) Yamaha has maximum number of models in the dream bikes category. (12) Pulsar variants from the Bajaj stable is the most favourite model from any company. Chapter 7 RECOMMENDATIONS
  • 74. Based on research, following recommendations are made to Yamaha (1) Yamaha should expand its FZ series. It should promote newer models. Yamaha is seen as the bike of youth. Also Yamaha is originally considered as the racing bike manufacturer. (2) Yamaha should sponsor youth festivals. It should consider every contact points that can be made with the youth. (3) Yamaha should also introduce bikes in the economical range. Poor mileage is seen as the major drawback associated with the Yamaha bikes. (4) Yamaha should actively consider brand promotions. Yamaha lacks as far as brand promotion is considered compared to other brands. (5) Yamaha has much favourable position in the minds of consumers as compared to TVS, Suzuki and HMSI. Yet it comes distant fifth in the Indian motorcycle market. It shows lack of consumer’s confidence. Directed promotions towards this concern should be vigorously held on the national scale. (6) Company should focus on after-sales service. Proficient service will provide Yamaha a leading edge. (7) Yamaha should consider and project itself as a service oriented organisation. Today consumers demand effective and prompt continuous service. Yamaha should meet and exceed this want of consumers.
  • 76. Chapter 9 BIBLIOGRAPHY Statistics for Managers by Levine,Stephan,Krehbiel,Berenson Marketing Management by Kotler,Keller,Koshy,Jha Strategic Marketing by Anderson,vincze
  • 77. Chapter 10 ANNEXURE QUESTIONNAIRE BRAND IMAGE OF MOTORCYCLES Place -…………………… Model name - …………… 1. Name ……………………………………. 2. Age……. 3. What is your occupation? 1) Student 2) Office Employee 3) Factory Employee 4) Shop Owner 5) Business Person 6) Professionals (Dr., Lawyer...) 7) Farmer 8) others: ______________
  • 78. 4. Which motorcycle attracts you a lot? a.) _________________ b.) _______________ 5. Which company the following motorcycle brand belongs ? Bajaj Yamah Hero TVS HMSI Suzuk Others a Honda i Apache RTR Pulsar135 Karizma ZMR Bajaj Yamah Hero TVS HMSI Suzuk Others a Honda i Fazer GS150R CBF stunner 6. Which brand you like the most? 1.) Bajaj 2.)Yamaha 3) Hero Honda 4.)Honda 5.) TVS 6.) Suzuki 7. Please specify your source of awareness for motorcycles:
  • 79. 1.) TVCF 2.) Newspaper 3) Magazine 4.) Showroom 5.) Family/ Friends 6.) Internet 7.) Hoardings8.) Road Show 9.)Others, plz specify…….. 8. What/Who influenced you more for purchasing a motorcycle? 1) Friends/ Family 2.) Girl Friend 3.) Hoardings 4.) Show off 5.) Personal Experience 6.) Information from Dealer / motorcycle shop 7.) Test Drive 8.)Resale value 9) Others, plz specify 9. Which company you associate with racing? 1. Bajaj 2. Yamaha 3. Hero Honda 4. TVS 5. Honda 6.Suzuki 10. Which company you strongly associate with youth? 1. Bajaj 2. Yamaha 3. Hero Honda 4. TVS 5. Honda 6.Suzuki 11. Which of the words/statements you think best describes the following companies? Hero Bajaj Yamaha TVS HMSI(Honda) Suzuki Honda Traditional Advanced Technology Reliable/ Trust- worthy High Performance
  • 80. Stylish/ Sporty Trend setter Innovative Good Mileage Hero Bajaj Yamaha TVS HMSI(Honda) Suzuki Honda Passionate Affordable Price 12. You would like to be in which category for the following Motorcycle Brand: Bajaj Yamaha Hero TVS Suzuki HMSI Honda (Honda) (1)Recommenders 2.) Preferrers 13. Which Brand you will never buy? 1. Bajaj 2. Yamaha 3. Hero Honda 4. TVS 5. HMSI 6.Suzuki 14.a. Reason for rejecting this particular brand. ……………………… 15. Who is the brand ambassador of Yamaha? 1. M.S. Dhoni 2. Hrithik Roshan 3. John Abraham 4. Yuvraj Singh
  • 81. 16. Please write the color name of your favorite & not favorite. Favorite Color _____________ Not Favorite Color _____________________ 17. Please write the Motorcycle color name of your favorite & not favorite. Favorite Color _____________ Not Favorite Color _____________________ 18. Please write the color of your current motorcycle. Present________________ a. What did you choose the above color? (Choose from the below listed Keywords & put on the box according to your priority) 1) Macho 2) Rich 3) Sophisticated 4) Youth 5) Trendy 6) Unique 7) Safe 8) Shiny 9) Sporty 10) Racy Image 11) Decent 12) Eye Catchy/ Attractive 13) Professional 14) Smart 15) Bright 16) Stylish 17)Suits Personality 18) Vibrant 19) Maintenance Free 20) Religious 21) Sober 22) Never Fade 23) Dust/Scratch less visible 24) Passionate 25) Funky 26) others please specify: ____________ 19. Regarding Motorcycle Design, what is an important aspect for you? (_________________) 1) Body color 2) Sticker Design 3) Component Color 4) High Contrast Color 5) Other Please Specify:__________________
  • 82. 20. What is your dream motorcycle? Model Name - …………………. 21. Top 3 channels you watch most.. 1…………….. 2………………. 3……………….