Videocon Wash Mach
Videocon Wash Mach
Videocon Wash Mach
I like to thank Mr. Umang Vats and Mr. Neeraj Kumar Mayank, Area
Manager, for giving me an opportunity to do my training in their
organization and helping me painstakingly. I am thankful for providing me
with guidance and resources to do my work.
Further I would like to thank God, Friends and my Parents for their blessings
and support. This report is the culmination of the synchronized efforts of all
the above mentioned who had faith and confidence in me, for which, I shall
forever be grateful.
1) Executive Summary
2) Introduction
3) Company Profile
4) Product Profile
5) Objective of Research
6) Research Methodology
7) Data Analysis
8) Interpretation
9) Limitations
10)Recommendations
11) Conclusion
12) Annexure(Questionnaire)
13) Bibliography
EXECUTIVE SUMMARY
This is the study of the topic “MARKET SIZE OF REFRIGERATOR AND
WASHING MACHINE”. The topic mainly deals with the potentiality of the
refrigerator and washing machine of different brands in different areas. It is also
concerned with the market share of the different brands in different areas and
which brand has the highest market performance in the different areas. The main
objective of the company to choose this topic is to know what are the different
brands which are leading in different areas and who are the competitors of the
Videocon brand of refrigerator and washing machine, where Videocon brand is
lacking in comparison to the other brand. To increase the market share of the
Videocon brand, which part should be improved?
For collecting all this information we have chosen near about 125
dealers or distributors from different town and cities of Western U.P. Method used
for collecting data was structured questionnaire. The topic mainly deals with
knowing the competitive position, buyer preference in different attributes, quality
of different brands of different products; effective media used for advertisement
and the differentiation the Videocon shows in accordance with others.
the largest dealer oriented schemes and L.G. provides the largest customer
oriented schemes and the researcher while collecting the information face problem
like the distributor or dealer of a particular brand gives the information regarding
that brand only and do not consider the other brands anywhere.
INTRODUCTION
dedicated to a new set of ideals; a company striving to make more and more
homes all over the country, better homes. Videocon ignited people’s
consciousness with a stream of products that freed them from drudgery and
transported them into a world they could once only dream of.
acquiring state of the art technology and customizing it for Indian conditions.
Through the concept of zero wastage; and zero defects, VIDEOCON has been able
to achieve cost reductions, resulting in the latest products being made available at
affordable prices. In a short span of time, VIDEOCON has made its marks as an
Refrigerators, the range is both wide and unique. It is unique because VIDEOCON
has so many models for each of it’s range of products. Every month, VIDEOCON
VIDEOCON HAS CLASSIFIED it’s vast range of products line into two
plants. These boasts of in house facility for manufacturing fly back towns formers
and tuners, fully computerised chips mounting facility and fully automatic
country.
The Videocon symbol, it reiterates the ethos of a company dedicated to
maintaining the highest international standards of excellence through quality,
technology and innovation. For over a decade now, Videocon has been brining the
latest and very best in Consumer Electronics and Home Appliances. Successfully
adapting the best of international technology to suit Indian needs, and crafting it to
improve the quality of life - as millions of satisfied customers will agree.
The symbol of Videocon asserts its passion for global impact, and the two 'E's on
either side represent the Group's wide spectrum of interests ranging from
'Electronics to Energy'. A symbol that proclaims a paradigm shift. A sign that
represents the new force that is Videocon. Thus recapitulating our principle of
reaching out and touching the lives of millions of people. Worldwide.
THE SPIRIT OF ENTERPRISE
Where India's NO.1 Consumer Electronics and Home Appliances take shape, to
take millions of Indians into a better, brighter future.
The leader innovates. The leader forges ahead. The leader breaks new ground.
Harnessing the advanced technology, relentlessly pursuing quality to achieve
various international standards of Quality Control. Breaking through, time and
again, with innovative products for a better life.
PROFILES OF LEADERSHIP
DISH WASHER
Videocon has just launched Dish Washer model VA 1200 which has
specially designed for cleaning of utensils & dishes. This stand alone
Dish Washer can handle the toughest cleaning jobs in the Kitchen.
VIDEOCON MISSION - Enhancing the Quality of Life
CREATING HAPPINESS
ACHIEVING PROGRESS
SUSTAINING GROWTH
PURSUING EXCELLENCE
We will provide a conducive environment for enabling our employees to
develop their potential and make a significant contribution to the
Group's success.
Fast forwarding into the modern era, with due support from the Government
of Maharashtra, India .
Videocon's modern VCR plant at Bhalgaon products produces VCRs for the Indian
and International markets
The projects in 1990, when the then Prime Minister of India, the late
Shri Rajiv Gandhi, laid the foundation stone for the project.
VNG has some remarkable achievements to its credit, starting with the
successful absorption of sophisticated technology from Techneglas Inc.,
USA. The CTV Glass Shells manufactured by VNG are at par with
international standards and the Color Picture Tubes made with VNG
glass have already received VDE approval. The facilities include a state-
of-the-art Tool Room and Mould Shop to manufacture and maintain its
mould requirements. Having initially successfully established its 20V,
19V and 13V CTV glass parts, VNG has now developed the 20V 2R the
latest models.
PRODUCT PROFILE
REFRIGERATOR
D 275
D 275DX
D 312
• DIGIT
AL
SENSI
FLOW
SYSTEM
• 290L FROST FREE
• SIX YEAR WARRANTY
D380MF
• ANTIBIOTIC DEODORIZER
• NEW EDGE DOOR DESIGN
• NEW STYLE VERTICAL HANDLE
D452MF
• CFC FREE
• SIX YEARS WARRANTY
• INBUILT DEODORISER
S091DLX
S173DLX
S178TT
WASHING MACHINE
FA 55
FA 65
FA 61
FA 71
SA 40
• AUTOSOAK
• REVERSOMATIC PULSATOR
• SUPERFLOW PULSATOR WASH
• SPIN FOUNTAIN
SA 43
• AUTOSOAK
• REVERSOMATIC PULSATOR
• SUPERFLOW PULSATOR WASH
• SPIN FOUNTAIN
SA 50
• AUTOSOAK
• 2 WASH PROGRAMS
• SUPERFLOW PULSATOR WASH
• SPIN FOUNTAIN
SA 53
• AUTOSOAK
• REVERSOMATIC PULSATOR
• SUPERFLOW PULSATOR WASH
• SPIN FOUNTAIN
SA 63
• HIGH
POWER
HIGH
PRESSURE
MOTOR
• AUTOSOAK
• SUPER FLOW PULSATOR WASH
• SPIN FOUNTAIN
1). Primary objective:-The Primary objective of the project is to find out the
market size of refrigerator and washing machine of different brands in different
areas of eastern U.P. For this purpose, the researcher has to do a survey by
interviewing the dealers and knowing the market share of Videocon brand in
accordance with other brands.
RESEARCH METHODOLOGY
Near about 125 dealers or distributors who are dealing with variety of brands of
Videocon constituted the sample. The sample mainly covers around cities and
towns of Uttar Pradesh & Uttarakhand. Personal interview was used for collecting
the data from respondents. Structured questionnaire was used to collect data
through personal interviews. The questionnaire includes open ended and closed
AREAS COVERED
TRAINING SESSION:-
The researcher has attended the training session in Videocon International
Limited, where we came to know regarding the various products being made by
Videocon and its various product ranges with different prices. This session also
tells regarding what are the benefits the company is providing to the dealers or
distributors with various margin.
SOURCES OF DATA:-
The researcher has used primary as well as secondary sources for data collection.
Primary data were collected through structured questionnaire and secondary data
were collected by going through company record, brochures, articles etc in the
newspapers and journals.
The study was especially on the market size of refrigerator and washing machine
of Videocon brand in different cities. The study was mainly limited to the different
areas of Uttar Pradesh & Uttarakhand..
DATA ANALYSIS:-
The collected data is statistically analysed using various analysis techniques such
as percentage analysis, cross tabulation and ranking etc were used.
STAGE 1:-The researcher has spent first week on knowing about Videocon’s
market share in different areas of Uttar Pradesh & Uttarakhand.
STAGE 3:- This stage deals with preparing the rough data of the questionnaire in
the initial stage and final data of questionnaire.
STAGE 5:-The work of data analysis has done at the fifth sage.
STAGE 6:-The last stage deals with interpreting. The data being analysed at the
fifth stage.. After interpretation was completed the mainly concern was preparing
the research project report for presentation using various tables, graphs ad charts.
SWOT ANALYSIS
STRENGTH:-
1). Dealer friendly i.e. provides the dealer with largest credit period and provides
them better margin and incentives.
2).Very good quality of product having fewer prices i.e. the quality being provided
by Videocon is good with lesser price which can be affordable by a middle income
family group.
3). Company provides very good after sale services in some areas having very
good service center at various places.
4). Competitive in the sense that it is the only Indian company surviving in the
market and competing with other multinational companies.
WEAKNESSES
1). Less advertisement i.e. exposure or knowledge which the consumer should
have regarding the Videocon brand is not good because of lesser advertisement.
2). Targeting middle income group consumer and does not target upper-middle
income group people.
3). Poor management in some areas i.e. service personnel were not available at the
time when their need is required.
MARKETING OPPORTUNITIES
2). Videocon should try to cash its own distribution strength and
Relationships by making them store and sell only their brand.
3). Videocon should pay more attention to dealer grievances because they are the
real strength and they can help the company in increasing their market share.
4). Videocon has target the middle income group level but in order to increase its
market share, they should target or concentrate on upper-middle segment.
7). Most of the customers are not aware of the product range of Videocon, so they
should publicize their product and make the customer aware of.
MARKETING THREATS
1). After Globalization, the biggest threat is from the foreign companies. If they
are allowed to come in, they will become hyper-competitive.
2). L.G. and Samsung are the major threat for Videocon, so they should
differentiate their products from each other in order to capture the market.
3). Dealers of some cities are selling Refrigerator and washing machine of other
companies besides selling that of Videocon, as the other companies give dealers
more margin and today’s dealers work or sell the product of that company who
provides them great margin. So, Videocon should try to see into the matter by not
allowing its dealers to sell any other brand of refrigerator and washing machine by
giving them more margin and incentives.
DATA ANALYSIS
Electrolux Others
RATIONALE:-
The question was put forward to the dealers to gain knowledge regarding the various
brands in which they deal.
RESULT:-
Table: 1. MARKET COVERAGE OF MAJOR BRANDS.
BRANDS
OT
CITY/TOWN LG SAMSUNG VIDEOCON ELECTROLUX WHIRLPOOL HERS
BULANDSHAHER 6 3 6 2 1 5
MEERUT 6 5 9 4 3 10
MURADABAD 8 6 3 4 3 1
BARILLEY 3 3 5 1 4 7
DEHRADUN 12 3 4 6 2 10
HARIDWAR 3 2 2 2 3 4
HALDWANI 2 3 4 0 3 4
GHAZIABAD 6 7 4 5 4 8
TOTAL 46 32 37 24 23 49
PERCENTAGE 38% 27% 31% 20% 19% 41%
MARKET COVERAGE OF MAJOR BRANDS
45%
40%
35%
DEALERS
30%
25%
PERCENTAGE
20%
15%
10%
5%
0%
E OC G
LP U X
W TR N
TH L
S
M LG
O OO
EL DE N
O
ER
H OL
VI S U
IR
SA
MARKET COVERAGE:
L.G 38%
SAMSUNG 27%
VIDEOCON 31%
ELECTROLUX 20%
WHIRLPOOL 19%
OTHERS 41%
RATIONALE:-
This question was asked to the dealers to know how much refrigerator and
washing machine they sell annually (annual turnover in terms of quantity).
RESULT:-
In this question dealers has given various answers regarding the annual turnover of
refrigerator and washing machine and on that basis I have taken total of each
brands and then calculated the overall market share of the each brands in
particular area.
MARKET SHARE OF WASHING MACHINE OF VAROUS BRANDS IN
22%
SAMSUNG
32%
L.G.
VIDEOCON
ELECTROLUX
9% WHIRLPOOL
GODREJ
OTHERS
8%
18%
11% 0%
FINDINGS
REFRIGERATOR
In Haldwani I have covered 8 outlets and I found that in refrigerator segment,
OTHERS(32%) has captured most of the market share but Samsung is the market
leader which covered 22% market share followed by VIDEOCON(18%),
WHIRLPOOL(11%), L.G.(9%), GODREJ(8%) and as far as ELECTROLUX is
concerned it doesn’t have any market share.
MARKET SHARE OF REFRIGERATOR OF VAROUS BRANDS IN
10%
10% SAMSUNG
L.G.
VIDEOCON
47% 10% ELECTROLUX
WHIRLPOOL
0% GODREJ
6% OTHERS
17%
FINDINGS
WASHING MACHINE
And in Washing machine, OTHERS (47%) has captured most of the market share
but as a brand GODREJ (17%) is a leader followed by SAMSUNG (10%), L.G.
(10%), VIDEOCON (10%) and WHIRLPOOL (6%).
MARKET SHARE OF REFRIGERATOR OF VARIUS BRANDS IN BAREILLY
8%
18%
13%
SAMSUNG
L.G.
VIDEOCON
4%
ELECTROLUX
WHIRLPOOL
19%
GODREJ
OTHERS
19%
19%
8% 15%
4%
7% SAMSUNG
L.G.
VIDEOCON
ELECTROLUX
23% WHIRLPOOL
17%
GODREJ
OTHERS
26%
WASHING MACHINE
And in washing machine segment VIDEOCON is the market leader capturing 26%
market share followed by L.G.(23%), ELECTROLUX(17%), SAMSUNG(15%),
OTHERS(8%), WHIRLPOOL(7%) and GODREJ(4%).
MARKET SHARE OF REFRIGERATOR OF VARIOUS BRANDS IN
MORADABAD
0%
0%
19%
28% SAMSUNG
L.G.
VIDEOCON
ELECTROLUX
WHIRLPOOL
3% GODREJ
OTHERS
33%
17%
REFRIGERATOR
In Moradabad I have covered 13 dealers and among those L.G. is the market
leader capturing 33% of market share followed by WHIRLPOOL (28%),
SAMSUNG (19%), VIDEOCON (17%), and ELECTROLUX (3%) of market
share respectively.
MARKET SHARE OF WASHING MACHINE OF VAROIUS BRANDS IN
0%5%
12% 20%
SAMSUNG
2% L.G.
VIDEOCON
ELECTROLUX
WHIRLPOOL
23% GODREJ
OTHERS
38%
5% 12%
16%
SAMSUNG
L.G.
VIDEOCON
ELECTROLUX
29% WHIRLPOOL
16% GODREJ
OTHERS
16% 6%
7%
6% 20%
SAMSUNG
10% L.G.
VIDEOCON
ELECTROLUX
5% WHIRLPOOL
GODREJ
9% OTHERS
43%
2%
17%
21%
SAMSUNG
L.G.
8% VIDEOCON
ELECTROLUX
WHIRLPOOL
GODREJ
OTHERS
20%
22%
10%
8%
6% 23%
SAMSUNG
6% L.G.
VIDEOCON
7% ELECTROLUX
WHIRLPOOL
GODREJ
16% OTHERS
34%
7%
20%
9%
SAMSUNG
L.G.
VIDEOCON
ELECTROLUX
19% 12% WHIRLPOOL
GODREJ
OTHERS
15%
18%
5%
6% 21%
SAMSUNG
10% L.G.
VIDEOCON
ELECTROLUX
WHIRLPOOL
10%
GODREJ
22% OTHERS
26%
3%
6% SAMSUNG
19% L.G.
26% VIDEOCON
ELECTROLUX
8% WHIRLPOOL
GODREJ
23% 15% OTHERS
12%
1% 13%
SAMSUNG
8% L.G.
VIDEOCON
ELECTROLUX
10% 27% WHIRLPOOL
GODREJ
OTHERS
29%
6% 6%
18% SAMSUNG
21% L.G.
VIDEOCON
ELECTROLUX
WHIRLPOOL
2% GODREJ
OTHERS
19% 28%
7% 6%
SAMSUNG
17% 23% L.G.
VIDEOCON
ELECTROLUX
0% WHIRLPOOL
2% GODREJ
OTHERS
45%
8% 14%
15% SAMSUNG
L.G.
VIDEOCON
18% ELECTROLUX
WHIRLPOOL
14% GODREJ
OTHERS
15% 16%
9% 17%
6%
SAMSUNG
7% L.G.
VIDEOCON
ELECTROLUX
8% WHIRLPOOL
26% GODREJ
OTHERS
27%
FINDINGS & ANALYSIS
After covering all 120 outlets, I have analyzed that in refrigerator segment, L.G.
has got 18% net market share and is the market leader followed by VIDEOCON
who captured 16% net market share followed by ELECTROLUX and GODREJ
which captured 15% net market share followed by SAMSUNG and Whirlpool
who had captured equal net market share i.e. 14% and Others is at last position
capturing only 8% of net market share.
And as far as washing machine segment is related in overall covered area, the net
market share of VIDEOCON is high and is the market leader capturing 27% share
followed by L.G. who captured 26% net market share followed by
SAMSUNG(17%), OTHERS(9%), ELECTROLUX(8%), WHIRLPOOL(7%) and
GODREJ(6%).
RATIONALE:-
This question was asked to different dealers to know what the customer demands
for other than the existing brand when they come to your outlet.
RESULT:-
The result drawn from the survey is that, most of the customers demand for L.G.
and Whirlpool other than the existing brands which the dealer has at their outlet.
Q5. Kindly rank the following brands on the basis of 1-3 rating scale
according to what do you feel about them?
L.G.
Samsung
Videocon
Electrolux
Whirlpool
RATIONALE:-
This question is put forward to know mainly about the 5 brands i.e. L.G.,
SAMSUNG, VIDEOCON, ELECTROLUX and WHIRLPOOL that how much
there products are innovative, aesthetics, value for money, quality, after sale
service, advertisement and product range.
RESULT:-
3.5
3
2.9
2.5 2.5
2 2
1.6 1.7
1.5
0.5
As the above graph clearly shows that in innovation L.G. has got higher average than
others i.e. 2.9 followed by SAMSUNG(2.5), WHIRLPOOL(2), ELECTROLUX(1.7) and
VIDEOCON has got last position in innovation with only 1.6. so we can now rank them
L.G. =1, SAMSUNG=2, WHIRLPOOL=3, ELECTROLUX=4 and VIDEOCON=5. So
L.G. is more innovative than other brands.
BARILLEY GHAZIABAD HALDWANI MORADABAD MEERUT HARIDWAR TOTAL
2.8
2.5
2.6
2.3
2
1.7 1.8
1.5
0.5
As I have covered 120 outlets during my survey and in aesthetics as the graph clearly
shows that again L.G. has got higher average i.e. 2.8 followed by SAMSUNG(2.6),
VIDEOCON(2.3), WHIRLPOOL(1.8) and ELECTROLUX(1.7).
so now we can rank
them on the basis of above average. L.G.=1, SAMSUNG=2, VIDEOCON=3,
WHIRLPOOL=4 and ELECTROLUX=5.
So finally we found that L.G.’s brand products are more aesthetics.
VALUE FOR MONEY
0.5
As far as value for money feature is concerned the Videocon brand has got more average
i.e; 2.3 followed by L.G. (2.2), Samsung (2.1), Whirlpool (2) and Electrolux (1.8).
Although the Videocon brand is not more innovative as L.G. and Samsung but the most
of the dealers has said that their products are value for money products. So if we rank
them Videocon has first rank followed by L.G.=2, Samsung=3, Whirlpool=4 and
Electrolux=1.8
QUALITY
2.5
2.25
2 2.05 2.08 2.09
1.8
1.5
0.5
After analyzing all the 120 questionnaire, I have found that SAMSUNG provides
better quality products as its average is higher (2.25), followed by WHIRLPOOL
(2.09), VIDEOCON (2.08), L.G. (2.05) and ELECTROLUX (1.8) respectively.
Hence, we can conclude from the above got average that SAMASUNG=1,
WHIRLPOOL=2 and VIDEOCON=3, Thus concluding that in order to capture the
market or grow in the market, VIDEOCON need to improve their quality.
AFTER SALE SERVICE
2.5
0.5
In case of after sale service, the overall average of L.G. is higher i.e. 2.06, followed by
SAMSUNG (2.05), VIDEOCON (1.97), WHIRLPOOL (1.7) and ELECTROLUX (1.57).
Hence, the rank of L.G.=1, SAMSUNG=2 and VIDEOCON=3 And hence VIDEOCON
need to put their service centre in various cities.
ADVERTISEMENT
3.5
3
2.89
2.5 2.5
2 2
1.78
1.5 1.58
1
0.5
L.G. is no doubt at no. 1 in case of advertisement and from the data above too, the
information so received is that the average of L.G. is higher i.e. 2.89, followed by
SAMSUNG (2.5), WHIRLPOOL (2), ELECTROLUX (1.78) and the average of
VIDEOCON is least i.e. 1.58. and hence the VIDEOCON is loosing its brand
image because of least advertisement and hence the brand image of L.G.. is higher
as it is very influence in case of advertisement.
PRODUCT RANGE
2.8
2.5
2.6
2.3
2
1.7 1.8
1.5
0.5
The product range of L.G. is highest as the average number of dealers coming to
be around 2.8 followed by Samsung whose average is 2.6, VIDEOCON (2.3),
Samsung
L.G.
Videocon
Whirlpool
Electrolux
Others
RATIONALE:-
This question was put forward to different dealers to know which brand provides
the largest schemes to dealers.
RESULT:-
DEALER ORIENTED SCHEMES:
DEALER ORIENTED
SCHEME
L.G. SAMSUNG VIDEOCON ELECTROLUX WHIRLPOOL OTHERS
DEHRADUN 12 2 5 0 0 2
HALDWANI 0 1 6 0 1 2
MEERUT 8 9 8 1 0 0
GHAZIABAD 10 8 7 0 3 0
HARIDWAR 7 3 5 0 1 0
BULANDSHAHR 2 1 8 1 0 3
MORADABAD 3 2 8 2 1 0
BARILLEY 4 4 7 3 2 0
PERCENTAGE 38% 25% 45% 6% 4% 6%
BRANDS PROVIDING DEALER
ORIENTED SCHEME
50%
40%
DEALERS
30%
PERCENTAGE
20%
10%
0%
EL E N G
W RO N
LP X
TH L
S
.
O
IR LU
G
T O
ER
U
L.
O
EC O C
S
M
O
SA
H
VI
Samsung
L.G.
Videocon
Whirlpool
Electrolux
Others
RATIONALE:-
To know which brand provides the largest schemes to customers, the question was
put forward to different dealers of different cities.
DEHRADUN 14 4 3 0 0 1
HALDWANI 5 4 1 0 1 2
MEERUT 12 6 5 1 1 0
GHAZIABAD 10 5 5 0 3 0
HARIDWAR 8 3 4 1 0 0
BULANDSHAHR 8 2 5 0 1 1
MORADABAD 9 6 1 0 1 0
BARILLEY 8 8 2 1 0 0
70%
60%
DEALERS
50%
40%
PERCENTAGE
30%
20%
10%
0%
EL E N G
W RO N
LP X
TH L
S
.
O OO
G
IR LU
T O
ER
L.
U
EC O C
S
M
SA
H
VI
Sixty percent of the dealers responded that L.G. provides the largest customer
oriented schemes followed by Samsung (32%), Videocon (22%), Whirlpool and
Others (3%) and Electrolux (2.5%) respectively
Q8. Did advertisement have any influence on the customer who comes
to your outlet for buying any brand of white goods?
RATIONALE:-
This question was put forward to dealer to know whether advertisement has any
influence on the customer in the purchase decision or not:-
RESULT:-
All the 120 dealers responded to this question that advertisement has 100%
influences in the purchase decision of the customer.
Q9. In your opinion, which is the effective mode of advertisement?
a. Television
b. Theatre
c. Radio
d. Newspapers
e. Magazines
f. Internet
g. Publicity on road
h. Other than above
RATIONALE:-
With the help of this question, we can get the opinion of the dealers regarding
which is the most effective media of advertisement.
RESULT:-
Here I found that local newspaper is the most effective media of advertisement
because many people may not have time to watch television but they can read
newspaper while going to office or traveling, followed by television
advertisements
Q10. What is the USP (Unique Selling Proposition) of different brands
in case of refrigerator and washing machine?
RATIONALE:-
The main purpose of asking this question to the dealer is to know the USP (unique
feature of different brands which differentiate it from each other).
Q11. Kindly mention the appropriate time you need for getting the proper
feedback from either the sale personnel or service personnel of Videocon?
RATIONALE:-
This question was put forward to know the time during which they should get the
proper feedback from the service or sale personnel.
RESULT:-
Hence the result drawn from the survey is that, most of the dealers of Videocon
want to get the proper feedback within 24 hours. Hence besides providing the
product, the dealer and customer should be provided with the service within the
time they want, then only they would be attached or be loyal to the company.
a) Profitability.
b) Product Range.
c) Advertisement.
d) Availability.
e) Attitude of distributors/company.
f) Margin.
g) After Sale Service.
RATIONALE:-
This question was asked to dealers to know their views regarding how to promote
particular brands by ranking the following parameters.
RESULT:
Attitude After
Of Sale
Profit Product Advert Avail distributo servic
ability Range isement ability r Margin e
HARIDWAR 83 53 42 82 58 89 43
DEHRADUN 97 98 51 152 114 153 58
BARIELLY 46 45 42 80 103 62 36
HALDWANI 13 28 46 42 17 48 26
GHAZIABAD
& NOIDA 113 78 48 124 108 119 74
MORADABAD 62 65 41 78 70 71 59
MEERUT 95 92 53 123 104 113 60
BULAND
SHAHAR 124 61 37 114 97 98 37
TOTAL 633 520 360 795 671 753 393
AVERAGE 79.125 65 45 99.375 83.875 94.125 49.125
120 112
99.375 94.125
100 91.5
79.125 83.875
80 65 63.125
60 45 49.125
40
20
0
customer
Profitability
After sale
distributor
Attitude of
Advertisement
Continue
oriented
service
After covering all 9 cities we have found that most of the dealer had said that they
promote the brand mainly due to advertisement and from the graph it is clear that
the least average is for advertisement i.e. 45 followed by after sale service whose
average is 49.125, followed by brand pull (average 63.125), product range (65),
profitability (79.125),attitude of distributor (83.88), continue customer
oriented schemes (91.5), margin (94.125), availability (99.375), continue
dealer oriented schemes (112)..
And hence I would like to rank them according to the information received
from the average given above,
Advertisement=1
After sale service=2
Brand pull=3
Product range=4
Profitability=5
Attitude of distributor/company=6
Continue customer oriented scheme=7
Margin=8
Availability=9
Continue dealer oriented scheme=10
a) Prominent display
b) Allocating separate schemes for that.
c) Local advertisement.
d) Any other method (please specify).
RATIONALE:-
This question is put forward to know how the dealer will maximize the sale of new
products.
RESULT:-
After done the whole survey I have found that most of the dealer has said that they
do the local advertisement most by giving the advertisement in local newspapers
and they also do rickshaw advertisement. Some has also said that they also
allocate the separate schemes for customers like they give iron, dinner set, etc. free
with the product.
Q14. Please specify, the problems faced by you during day to day
working with the customer electronics/consumer durable company?
RATIONALE:-
This question is put forward to know the problems they faced during day to day
working with the customer electronics/consumer durable company.
RESULT:-
During the survey many dealers has told us that they are facing many problems
like
• company is not in contact with them.
• no proper training has given to any dealer about the product features that’s
why they face many problems during product demo.
• if any scheme is out for dealers the wholesaler or distributor never tell them
and the wholesaler or distributor take profit of those and this happen
because they don’t have any direct contact with the company.
• after sale service is not good
• Pressure on them is quite high like they are sitting on the edge of knife.
• They also want information regarding the updates in the product price and
scheme directly from the company.
• Products are not given to them according to their demand.
Q15. Kindly differentiate the Videocon from other brands of consumer electronic
goods.
RATIONALE:-
This question is put forward to know how the videocon brand is different from
other brands.
RESULT:-
during the survey many dealers has told us many things like
• videocon is nice for appliances but not in any other products specially in
A.C.s.
• Good company encashing old name.
• provide low price products of good quality.
• Only company which gives largest dealer oriented schemes.
• Only company staying from so long but now started loosing their share day
by day.
OBJECTIVE
This module will give you a brief overview of the manner in which the
competitors have lined up their products and its exclusive features.
This module will also give a platform where we can judge our products as against
competition
WHIRLPOOL
GODREJ
SAMSUNG
1). Due to time and financial constraint, the research was limited to few areas of
Eastern U.P.
2). As the respondents were the retailers and wholesalers, their opinion on
consumer preference can’t be fully relied on.
3). Some of the respondents were less co-operative and they have given some
vague data, which leads to lack of accuracy.
4). Since the medium of response was in local dialect indispensable language
constraints have affected the study
RECOMMENDATIONS
1). the company should reposition Videocon refrigerator so that they can increase
the market share of refrigerator by innovating some new features in their products.
And as in case of Washing machine, it has captured good market share, so in order
to grow in this product line they should always be ready to compete with their
competitors.
2). Advertisement in Television (star plus, Zee t.v., DD-1) and print media i.e.
newspapers, magazines should be enhanced.
3). Videocon should improve their product line by increasing the model of their
product line and imposing better quality and aesthetics of their product.
4).In a market, where there are more dealers for refrigerator and washing machine,
there is a cut-throat competition. Refrigerator and washing machine are not sold at
fixed rates which lead to frustration among the dealers. Company officers their
visits/audits in order to reduce their frustration among dealers. Otherwise this may
indirectly hit dealer’s satisfaction and may have adverse effects on company’s
sale.
8). Videocon should become innovative and should create some new feature in
their product and should become aggressive as far as their brand name is
concerned.
10). Videocon can also try to introduce installment schemes for the refrigerator
and washing machine. This will enhance the sale.
11). Videocon should also introduce dealer incentive schemes to give dealers an
added advantage of getting high return on their investments.
12). As according to the information received from the survey, the dealers of
Videocon in some cities said that margin is taken away by the distributors only.
And hence the company should directly contact with the dealers and distribute the
incentive and margin accordingly.
13). Videocon can also take a leap by providing after sale service to its customers
via dealers or having service centers at various places. Dealers should be given
incentives for providing after sale service, this can increase the level of
satisfaction.
CONCLUSION
This research is a diagnostic study related to two main objective i.e. primary and
secondary objective mentioned already. This section consists of all the findings
carried out during research work. As topic was Market size of refrigerator and
washing machine, large number of factors influence buying behavior like few
customers buy it for the sake of some differentiation, better quality, value of
money it provides, aggressive nature of the company due to which it buys the
product, product range, after sale service it provides etc. Small number of
modification is required in Videocon refrigerator. They have to improve their
aesthetics in case of washing machine in order to remain at the position where it is.
The main advantage for the Videocon Company is its lower price and dealer
friendly relationship which it holds.
And at last I would like to conclude with that Videocon should advertise more in
order to increase their sale and improve their brand image. As in
case of washing machine, no brand can compete with Videocon
and L.G. but it needs to do some innovation and increase the
models in case of refrigerator.
So, at last I would like to conclude that Videocon is the only Indian company
competing with other multinational companies and surviving in the market, so it
should deal with satisfying the demand of the customer at the time when they
want.
ANNEXURE (Questionnaire)
Q8. What are factors which are affecting the sale of Videocon ffr?
Sales Services
Sales Promotion
Models
Pricing
Q9.What are Factors pertaining to services which attract customers?
Warranty
Free maintenance
Replacement
Q10. How much Qty of Direct Cool And Frost-Free Refrigerator you sell in month?
Direct cool
FFR
LG
Videocon
Samsung
Electrolux
Whirlpool
Godrej
Haier
Features
Price
Brand
Services
Customer Scheme
Dealer Recommendation
Previous Experience
Cooling
Capacity
Services
Voltage
Q. 4 In your opinion which brand of frost-free refrigerator
is best?
LG
Videocon
Samsung
Electrolu
x
Whirlpool
Godrej
Haier
BOOKS:
SITES
• www.videocon.com
• www.google.com
• www.msn.com