Hero Honda
Hero Honda
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ACKNOWLEDGEMENT
Roll No.:-17
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INDEX
PAGE
NUMBER SUBJECT NO.
1 INTRODUCTUION 7
INTRODUCTUION OF INDUSTRY 8-9
HISTORY OF COMPANY 10-14
2 THEORETICAL BACKGROUND 15-20
CONSUMER BUYING BEHAVIOUR
3 PROBLEM DEFINATION 21-23
PROBLEM DEFINATION
SCOPE OF STUDY
OBJECTIVES OF STUDY
LIMLTATIONS OF STUDY
4 RESEACH METHODOLOGY 24-31
INTRODUCTION
RESEARCH DESIGN
SOURCES OF DATA
RESEARCH INSTRUMENT
SAMPLING PLAN
DATA COLLECTION METHOD
5 DATA ANALYSIS AND INTERPRETATION 30-48
6 TESTING OF HYPOTHESIS 49-51
7 FINDINGS 52-53
8 SUGGESTIONS 54-55
9 SWOT ANALYSIS OF HERO MOTORS 56-58
10 REFERENCE MATERIAL 59
BIBLIOGRAPHY 60-61
APPENDIX 62-66
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4
LIST OF TABLE AND GRAPH
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CHAPTER: 1 :
INTRODUCTION
INTRODUCTION OF INDUSRY
HISTORY OF COMPANY
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INTRODUCTION OF INDUSTERY
Throughout the centuries man has striven to expand his
capabilities through the use of machine. His ever inventive mind
has constantly devised ways to use tool to increase his abilities to
explore the world around him. To go faster, deeper, higher and
further than before. Coupled with his need to find new thrills, new
adventures and new modes of transportation, the invention
refinement of the motorcycle seems an inevitable out come.
It wasn’t until 1869 that the first serious attempts were made
to produce motor driven bicycles. These very first were powered
by steam, and driven by leather belts or as in the case of the roper
steam velocipede of 1869 by a system of levers attached to a crank
on the driven wheel.
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powered by an Otto cycle engine producing about ½ horse powers.
Note this design again employed wooden wheels and Daimler
dropped the twist grip controls from his 1877 design in favor of
leavers on the frame.
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History OF COMPANY
Industry : Automotive
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Produce : Motorcycle, Scooters
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India has the largest number of two wheelers in the world with
41.6 million vehicles. India has a mix of 30 percent automobiles
and 70 percent two wheeler in the country. India was the second
largest two wheeler manufacturer in the world starting in the1950s
with the birth of Automobile products of India (API) that
manufactured scooters. API manufactured the lambrettas but,
another company, Baja Auto Ltd. Surpassed API and remained
through the turn of the century from its association with piaggio of
Italy (manufactured of vespa)
The license raj that existed between the 1940s and 1980s in
India. Did not allow foreign companies to enter the market and
imports were tightly controlled. Customers in India were forced to
wait 12 years to buy a scooter from Bajaj. The CEO of Bajaj
commented that he did not need a marketing department, only a
dispatch department. By the year 1990, Bajaj had a waiting list that
was twenty-six times its annual output for scooters.
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During the 80s, Hero MOTORS became the first company in
India to prove that it was possible to drive a vehicle without
polluting the roads. The company introduced new generation
motorcycles that set industry benchmarks for fuel thrift and low
emission. A legendary 'Fill it - Shut it - Forget it' campaign
captured the imagination of commuters across India, and Hero
MOTORS sold millions of bikes purely on the commitment of
increased mileage. Hero MOTORS has consistently grown at
double digits since inception; and today, every second
motorcycle sold in the country is a Hero MOTORS. Every 30
seconds, someone in India buys Hero MOTORS's top -selling
motorcycle - Splendor. This festive season, the company sold half
a million two wheelers in a single month-a feat unparalleled in
global automotive history.
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CHAPTER:2
THEORITICAL BACKGROUND
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The main aim of marketing is meet and
satisfy target customers need and wants buyer
behavior refers to the peoples or organization
conduct activities and together with the
impact of various influence on them towards
making decision on purchase of product and
service in a market. The field of consumer
behavior studies how individuals, groups and
organization select, buy, use and dispse of
goods, service, ideas, or experience to satisfy
their needs and desires understanding consumer
behavior and knowing customer are never
simple. The wealth of products and service
produced in a country make our economy
strong. The behavior of human being during the
purchase is being termed as “Buyer Behavior”.
Customer says one thing but do another. They
may not be in touch with their deeper
motivations. They are responding to influences
that change their mind at the last minute. A
buyer makes take a decision whether save or
spend the money.
Definition of Buyer
Behavior:-
Buyer behavior is “all psychological,
Social and physical behaviors of potential
customers as they become aware of evaluate,
purchase, consume and tell others about product
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& service.
1. Problem identification:-
The buying process starts when the buyer
recognizes a problem or need. The need can
be triggered by internal or external stimuli.
Marketers need to identify the circumstances
that trigger a particular need. By gathering
information from a number of consumers,
Marketers can identify the most frequent
stimuli that spark an interest in a product
category. They can then develop marketing
strategies that trigger consumer interest.
2. Information Search:-
The consumer tries to collect information
regarding various products/service. Through
gathering information, the consumer learns
about completing brands and their features.
Information may be collected form magazines,
catalogues, retailers, friends, family members,
business association, commercial, chamber of
commerce, telephone directory, tradefair etc.
Marketers should find out the source of
information and their relative degree of
importance to the consumes.
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Personal Sources: Family, friends,
neighbor, as quittances.
Commercial Source: Advertising, sales
persons, dealers, packaging, displays.
Public sources: mass media, consumer, rating
organizations.
Experimental sources: Handling. Examine,
using the product.
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3. Evaluation of alternative:-
There is no single process used by all
consumers by one consumer in all buying
situations. There is several First, the consumer
processes, some basic concepts are:
First, the consumer is trying to satisfy need.
Second, the consumer is looking for certain
benefits from the product solutions.
The marketer must know which
criteria the consumer will use in the purchase
decision.
4. Choice of purchasing
decision:-
From among the purchase of alternatives the
consumer makes the solution. It may be to buy
or not to buy. If the decision is to buy. The
other additional decisions are:
Which types of
bike he must buy?
From whom to buy
a bike?
How the payment to be made? And so
on.
The marketer up to this stage
has tried every means to influence the purchase
behavior, but the choice is properly consumers.
In the evaluation stage the consumer forms
preferences among the brands in the choice
set. The consumer may also form an intention
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to but the most preferred brand.
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5. Post Purchase Behavior:-
After purchase the product, the consumer will experience the same
level of product. The Marketer’s job not end when the product is
buying must monitor post-purchase satisfaction, post-purchase
action, post-purchase use and disposal
❖ Post Purchase Satisfaction:-
The buyer, S satisfaction is a function Of closeness between the
buyer, S expectation and the products Perceiver performance.
The larger the gap between expectation and performance, the
g greater the consumer dissatisfaction.
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Characteristic of Buyer Behaviors
The chief characteristics of the buyers behaviors are as
follow:-
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CHAPTER:3
PROBLEM DEFINATION
PROBLEM DEFINATION
OBJECTIVE OF STUDY
LIMITATIONS OF STUDY
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PROBLEM DEFINATION
To know the best consumer buying behavior and demand into
the minds of consumer of Sambalpur city because always
consumer say something and does something. There are many
companies manufacturing motorcycles into the market, at the
same time as there are many companies manufacturing
motorcycles, idea about thinking of customer on whether, what,
how, and for whom to purchase the motorcycle.
SCOPE OF STUDY
❖ The main scope of the study is limited to Sambalpur city.
❖ This study has been made to find the level of satisfaction the
customer has regarding the service provider by bike place.
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OBJECTIVES OF STUDY
❖ To know market position of Hero MOTORS bike in
the market.
Limitations of study
❖ When the buyers are busy we can’t get accurate data from
them.
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CHAPTER:-4
RESEARCH METHDOLOGY
INTRODUCTION
RSEARCH DESIGN
SOURCES OF DATA
SAMPLING PLAN
DATA COLLECTION METHOD
RESERCH METHODOLOGY
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(A)Introduction
Research definition:
“Research is careful inquiry or examination to discover
new information and relationship and to expand and to verify
exiting knowledge,”
(A) Exploratory
(B) Descriptive
(C) Casual
a) Primary data:-
b) Secondary data:-
❖ Open-ended question:-
❖ Dichotomous questions :-
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It has only two answers in form ‘yes’ or ‘n’, ‘true’ or ‘false’,
‘use’ or ‘do not use’. So the respondent is offered two or more
choice.
❖ Multiple-choice question:-
(B)Sampling Unit:-
(C)Sample size:-
n=p*q (z/e) 2
Where,
n=Sample Size
q=0.20(I-p)
n= (0.84)*(016)*(1.96/0.05)2
= (0.1344)*(1536.64)
=206.52
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(D)Sampling Method:-
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1. AGE WISE CLASSIFICTION
Age (in year) No. of respondents Percentage (%)
18-20
21-25 30
37 30
37
26-30 15 15
31-35 06 06
36-40 07 07
41& above 05 05
Total 100 100
5, 5%
7, 7%
(Sources:
6, 6% Questionnaire-personal Detail) 30, 30% 18-20
21-25
26-30
Comment:- 31-35
15, 15% Above Graph shows are 30% of respondent in age group
36-40
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0
Occupation
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Sources: Questionnaire-personal detail)
Comment:-
Above Chart Shows that 47 respondent are Servicemen out
of 100 and 30 are the students. 12 respondents are businessman.
7, 7% 3,
3%
11, 11%
5000
5000-10,000
10,000-15,000
15,000-20,000
54, 54%
20,000 Above
25, 25%
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(Sources: - Questionnaire – Personal Detail)
Comment:-
Above graph shows that 54% of respondents are income
in <=5000 income level, Second 25% of respondents are of 5000-
10,000 income level. 11% of respondents are of 10,000-15,000,
7% of respondents are of 15,000-20,000 and remain 3% of
respondents above 20,000 of income level.
3.SOURCES OF FINANCE.
55 55 36
60 45 45
40 No. of
respondents
30 Percentage (%)
20
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0 (Sources: - Questionnaire—Que.8)
By By
cash Loan
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Auto Mobiles No. of respondents Percentage (%)
Shivani 20 20
Dhru 17 17
Siddhi 11 11
Other 52 52
Total 100 100
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(Sources: - Questionnaire – Que.3)
Comment:-
Above graph shows that 48 % respondents are come to
know from the ‘other’. Then 26 % respondents are come to know
from the ‘friends’. 14 % & 12 % respondents are come to know
from the T.V.Advertisement & news paper.
0
Hero Bajaj TVS Yamaha Motor
Motors s
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(Sources: - Questionnaire – personal detail)
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Comme
nt: - Above Charts shows that 51 respondents are
use Hero
MOTORS Company’s Motorcycle. And 16
respondents are using Bajaj bikes.
50 46
46
42
42
40
30
No. of respondents
20
40 Percentage (%)
10
10 10
2
Percentage (%)
Father No. of
Self respondents
Mother
Others
Comment:-
Weightage 6 5 4 3 2 1
Attributes Excellent Very Good Averag Poor Ver Total Total
Good e y score
Price 30 20 18 16 10 06 100 426
Less 18 11 17 30 13 11 100 358
maintenance
Style 21 18 19 10 11 21 100 355
Durability 10 17 16 24 21 12 100 335
Mileage 24 19 14 17 09 17 100 381
Easy Driving 20 12 21 23 10 14 100 367
Brand 17 19 14 21 17 12 100 362
Reputation
Color 28 19 18 13 10 12 100 406
Pick up 19 22 15 20 14 10 100 382
Total 187 157 152 174 115 115 900 3370
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Attributes Weightage
Price 426
Less maintenance 358
Style 355
Durability 335
Mileage 381
Easy Driving 367
Brand Reputation 362
Color
Pick up 406
382
Total 3370
Feature of purchasing
Bike
Less maintenance
12% 11% Style
Durability
Mileage
11% 11%
Easy Driving
Brand Reputation
11% 10% Color
11% Pick up
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6.RATE THE FOLLOWING ATTRIBUTES OF
SHOW ROOM
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9.RATE THE FOLLOWING SCHEMES THAT
ATTRACT YOU MOST.
Anniversary
Offer
Cash
Discount Poor
Average
Good
Special Gift
Very
Good
Exchange Offer Excellent
Festival Offer
0 2 4 60 8 10
0 0 0 0
Comment:-
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10.RATE THE FOLLOWING FEATURE YOU
HAVE PURCHASE HERO MOTORS BIKE
Color 20 24 2646 10 20
Style 18 25 15 26 16
Pick 21 36 17 15 11 Very
up Good
After 20 31 25 14 10 Good
Service
16 22 42 11 9
Average
Price
Poor
Available 14 25 32 16 13
Mileage 31 26 15 18 10
0 20 40 60 80 100
CHAPTER: 6
TESTING OF HYPOTHESIS
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TESTING OF HYPOTHESIS
H0: P = 0.40
H1: P ≠ 0.40
Now,
P = Probability of Hero MOTORS is given best by consumer.
Q = Probability of other company bike is given best by consumer.
X = Hero MOTORS bike is purchased by consumer.
N = Total no. of Respondents.
P = x/n
=51/100
=0.51
q =1-p i.e. 0.49
Z calculation = p–q
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√ PQ
100
= 0.51- 0.40
√ 0.49*0.4
100
= 0.11
√ 0.00196
= 0.11
0.04427
= 2.48
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CHAPTER: 7
FINDINGS
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Findings
The study shows that 51 respondents are using Hero Motors.
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SUGGESTIONS
1. Hero Motors should introduce a low price moped
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BIBLIOGRAPHY
www.heromotocorp.com
www.wikipedia.com
www.invewtopedia.com
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QUESTIONNAIRE
If yes than,
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6 What features you considers when you purchase bike
Attributes
Price
Less
mantainance
Style
Durability
milage
Easy
driving
Brand
reputation
Colour
Attributes 1 2 3 4 5
Available
After sales
Services
Infrastructure
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CUSTOMER PERSONAL INFORMATION:-
A. Name: - ___________________________________________
B. Address:-___________________________________________
B. phone no:__________________________________________
26 to 30 [ ] 31 to 35 [ ]
36 to 40 [ ] 41 & above [ ]
D. Occupation:-
Services [ ] Businessman [ ]
Students [ ] Professional [ ]
Others [ ]
F. monthly income:-
5000 [ ] 5000-10,000 [ ]
10,000-15,000 [ ] 15,000-20,000 [ ]
20,000 Above [ ]
Sing.___________________
Date.___________________
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