Project Report on BAJAJ ELECTRONICS
Project Report on BAJAJ ELECTRONICS
MARKETING
● Marketing
● Meaning And Definition Of Marketing
● What Can Be Marketed
2 9 – 20
● Marketer
● Concepts Of Marketing
● Definition Of Marketing
BIBLIOGRAPHY
● References
5 ● Book 53 – 55
● Webliography
6 APPENDIX 56 – 60
1
LIST OF TABLES
S NO. TABLES PAGE NO
1. Gender 17
2. Age 18
3. Qualification 19
4. Marital status 20
5. Learn about Bajaj Electronics 21
6. Purchased any electronic products from Bajaj Electronics 22
7. Media of advertisement influence your purchase 23
8. Aspect of Bajaj Electronics marketing stands out to you the most 24
9. Factors make you more likely to purchase form Bajaj Electronics 25
10. Bajaj products you use currently 26
11. Kitchen appliances are saving women’s time and energy 27
12. Primary use of microwave for you 28
13. Do you have a refrigerator 29
14. Kitchen appliances impacted your overall spending habits 30
15. Preference between Pressure cooker and Rice cooker 31
16. Rate for pressure cooker in our kitchen use 32
17. Rate for rice cooker in our kitchen use? 33
18. Between these two products, which one is better 34
19. Often use your mixer in a week 35
20. Kitchen appliances are useful in our day to-day life 36
21. Satisfied with the service provided by Bajaj Electronics 37
22. Pricing of Bajaj Electronics products when compared to other Electronics? 38
2
LIST OF GRAPHS
S.NO TABLES PAGE NO
1. Gender 17
2. Age 18
3. Qualification 19
4. Marital status 20
5. Learn about Bajaj Electronics 21
6. Purchased any electronic products from Bajaj Electronics 22
7. Media of advertisement influence your purchase 23
8. Aspect of Bajaj Electronics marketing stands out to you the most 24
9. Factors make you more likely to purchase form Bajaj Electronics 25
10. Bajaj products you use currently 26
11. Kitchen appliances are saving women’s time and energy 27
12. Primary use of microwave for you 28
13. Do you have a refrigerator 29
14. Kitchen appliances impacted your overall spending habits 30
15. Preference between Pressure cooker and Rice cooker 31
16. Rate for pressure cooker in our kitchen use 32
17. Rate for rice cooker in our kitchen use? 33
18. Between these two products, which one is better 34
19. Often use your mixer in a week 35
20. Kitchen appliances are useful in our day to-day life 36
21. Satisfied with the service provided by Bajaj Electronics 37
22. Pricing of Bajaj Electronics products when compared to other Electronics? 38
23. Rate your overall product satisfaction with compare to others 39
24. Recommend Bajaj Electronics to a friend/colleague 40
LIST OF APPENDICES
4
CHAPTER-1
INTRODUCTION
AND
REVIEW OF LITERATURE
5
ABSTRACT:
The awe-inspiring journey that began with a small electronics
showroom at Lakdikapul in 1980, Bajaj Electronics has since
evolved and has become the leading electronics retail chain in India.
We earned the trust of the locals and grew from strength to
strength, to what is now a chain of the most genuine electronic
stores across Telangana, Andhra Pradesh and Delhi-NCR, offering
quality service at the best price. There are now 151 aesthetically
designed and conveniently located showrooms
In addition to being among the leading companies in India, the
company has a market presence in more than 40 countries across
South-East Asia. Bajaj Electronics offer customers a premium range
of home and kitchen appliances that meet international quality
standards. Today Bajaj Electricals has strategically diversified its
products offerings into auto mobiles, financial services, insurance,
steel, electrical and consumer appliances, material handling etc.
Offering quality services at best price.
Bajaj Electronics includes all the leading brands - LG, Panasonic,
Sony, Oppo, Vivo, Dell, HP, One Plus, Voltas etc.
1
INTRODUCTION:
Bajaj Electricals limited is a globally renowned and trusted brand
spread across consumer product segments, appliances, fans, lights
and EPC illumination power transmission and power distribution.
Equated monthly installments is an excellent strategy to attract
customers because mostly customers do no buy if they has any
financial problem but, after arrival of EMI basis. It can increase
loyalty, attract promising new customers, lower your acquisition
cost and helps keep your company top-of-mind for the company. It
is all about the influence of the EMI schemes on BAJAJ
ELECTRONICS.
BEL’s product portfolio comprised lighting and luminaires, fans,
consumer appliances, and engineering and projects. Consumer
appliances were further segmented into irons, heating appliances,
non-cooking appliances, food preparation appliances, small cooking
appliances, and microwaves.
3
LIMITATIONS OF THE STUDY
In spite if wide scope of the study, there has been a certain
limitations which have been mentioned below:
● The study was confined to Hyderabad, Telangana.
● Time provided for the study was limited.
● The sample size of the project was limited.
RESEARCH METHODOLOGY
⮚ Source of data :
● Primary data :
Primary data for the study was collected by administering
questionnaire from students, employees,
managers, entrepreneurs.
● Secondary data :
Various sources used for the collection of secondary data
include;
❖ Books
❖ Internet
❖ Research articles
TOOLS AND TECHNIQUES:
The data collected is analyzed by using different tools percentages
method and graphical representation
4
REVIEW OF LITERATURE
Review of literature:
1. Yeshwanth Reddy (2018): In this paper “A study of
influence of EMI payments on sales of Bajaj
electronics’’ The author says that the equated Monthly
Installments is the excellent strategy to attract customers,
because mostly customers do not buy if they has any
financial problem but after arrival of EMI facility
customers are happily purchasing on EMI basis. It can
increase loyalty, attract promising new consumers and
helps keep your company top-of-mind for the company.
5
consumer durables, which he passionately called FMCD
(Fast Moving Consumer Durables).
6
Their tagline ‘Inspiring Trust’ is a value the employees
strongly associate with and try to fulfill in their everyday
endeavors. Apart from work, they also believe in bringing
change in society through their philanthropic work.
7
CHAPTER-II
MARKETING
8
MARKET
MARKETER
9
MARKETING CONCEPTS
DEFINITION OF MARKETING:
10
ELEMENTS OF MARKETING MIX:
The term “marketing mix” was four p’s was given by the well-known
American professor “Jerome McCarthy”.
3. Place: The place is a third element .place refers to having the right
product, in the right location, at the right time to be purchased by
consumers.
PROMOTION MIX:
IDEAL CUSTOMER:
11
recommends it to them. Your ideal customers may describe to friends
and family members how your offerings have benefited their lives. Idea
customers connect with your business in ways beyond buying your
products or services.
FUNCTIONS OF MARKETING:
1. Transportation.
2. Storage and warehousing.
C .Functions of facilities:
12
1. Risk taking.
2. Standardization.
3. after sale service.
D. Marketing function:
13
Bajaj Electricals has adopted distinctive pricing strategy for each of its
product segments which include the household appliances on one end
and the large scale projects on the other segment. The consumer
products indeed have a competitive pricing strategy in its marketing
mix to get the required market share in terms of rising competition
among rivals.
However the Bajaj Electricals brand also offers discount and other
incentives in terms of service for attracting larger customer base. It has
also some of the products sold at premium price based on the value
offerings it provides to the consumer base. The products of Bajaj
Electricals focus more in providing quality products and gives lower
importance towards earning more margin. This has clearly helped the
brand to gain a trustworthy image among the consumers.
14
Bajaj Electricals Place & Distribution Strategy:
Following is the distribution strategy in the Bajaj Electricals marketing
mix:
Bajaj Electricals has a well-established manufacturing plant in
Maharashtra near Pune which has world class facilities involved in
production of different electrical products. Bajaj Electricals has
established seamless distribution system enabling its consumer and
electrical appliances to reach different parts of the country. There is a
strong dealership network which provides a clear strategy to make its
products more accessible to consumers. They act as intermediaries or
direct selling point for making the products available to consumers.
Bajaj Electricals appliances have a considerable demand in both rural
and urban area in comparison. It has established showrooms and retail
outlets which has provided greater visibility for the products compared
to its competitors. Warehouses across different regions also facilitate
storage of the products and reach the outlets in shorter duration.
CHANNELS OF DISTRIBUTION
A major player in the consumer products sector of India, Bajaj's
distribution network management touches an expansive network of 18
branch offices, 1000+ distributors, and more than 2.3 lakh retail outlets
across India, combined with over 500 consumer care centers.
PACKAGING OF PRODUCT
15
CHAPTER-III
DATA ANALYSIS
&
INTERPRETATION
1. Gender:
Females 16 80%
Others - -
Gender
Males Females Others
20%
80%
Interpretation:
From the above chart we can understand that 20% of respondents are
male, 80% of respondents are female and none from others.
2. Age
25-30yrs 4 20%
30-40yrs 3 15%
40-50yrs 2 10%
60-above - -
Interpretation:
From the above chart we understand that 55% of respondent are 18-
25yrs, 20% of respondents are 25-30yrs, 15% of respondents are 30-
40yrs, 10% of respondents are 40-50yrs, none of respondents from 60-
above.
18
3. Qualification
Undergraduate 9 45%
Graduate 8 40%
Postgraduate 2 10%
Professional programs 1 5%
Qualification
Undergraduate Graduate
Post graduate Professional programs
5%
10%
45%
40%
Interpretation:
From the above chart we can understand that 45% of respondents are
under-graduate, 40% of respondents are graduate, 10% of respondents
are post graduate, and 5% of respondent are professional program.
19
4. Marital status
Married 7 35%
Unmarried 13 65%
divorced - -
Marital status
Married Unmarried Divorced
35%
65%
Interpretation:
From the above chart we can understand that 35% of respondents are
married, 65% respondents are unmarried, none from divorced.
20
5. How did you learn about Bajaj electronics?
INTERPRETATION:
From the above chart, we can understand that 20% of respondents have
learnt above the Bajaj electronics from social media, 15% of
respondents from word of mouth, and 10% of respondents from online
advertising and 55% from In-store visit none from others.
21
Particulars Numbers Percentage
Yes 18 90
No 1 5
Maybe 1 5
INTERPRETATION:
From the Bajaj electronics products the 90% of the respondents says
yes, they have purchased 5% of respondents says no, they have not
purchased any product, 5% says may be.
22
Particulars Numbers Percentage
newspapers 3 15%
Television 9 45%
Display 5 25%
Online 3 15%
advertisement
INTERPRETATION:
From the above chart, we can understand that 15% of respondents are
influence from newspaper, 45% from television, 25% from Display,
15% from online advertisement
23
Particulars Numbers Percentage
Offer & discount 5 25%
Product quality 5 25%
Brand presence 1 5%
Emi schemes 9 45%
INTERPRETATION:
24
Customer services 3 15
Product range 4 20
Positive review 6 30
INTERPRETATION:
From the above chart we can understand that the factors make more
likely to purchases are 35% of respondents look for pricing, 15% of
respondents 100% of customers, 20% of respondents look for products
range, 30% of respondents look for positive reviews.
25
More than 2 10 50
INTERPRETATION:
26
11. Do you think kitchen appliances are saving women’s time and
energy?
Yes May be No
20%
80%
INTERPRETATION:
From the above chart we can understand that 80% of respondents are
yes, 20% of respondents are 4 of may be and none of the respondents
are of no.
27
12. What is the primary use of microwave in your kitchen?
INTERPRETATION:
From the above chart, we can understand that 30% of respondents are
using microwave for baking, 5% of respondents are using reheating,
65% of respondents all the above, i.e., baking, reheating, roasting.
28
13. Do you have a refrigerator?
INTERPRETATION:
From the above chart, we can understand that 100% of respondents say
yes, they have refrigerator and none of respondents say no.
29
14. In your opinion, how have kitchen appliances impacted your
overall spending habits?
INTERPRETATION:
From the above chart, we can understand that 60% of respondents say
that their spending habits are increased, 15% of respondents say
decreased spending and 25% of respondents say no changes in their
spending habits.
30
15. What would you prefer more between these two products?
INTERPRETATION:
From the above chart we can understand that 75% of respondents are
preferring pressure cooker and 25% of respondents prefer rice cooker.
31
16. How would you rate a pressure cooker in your kitchen use?
45%
55%
INTERPRETATION:
From the above chart, we can understand that the rate for pressure
cooker is 55% of respondents are satisfied, 45% of respondents are
very satisfied and none of the respondents are dissatisfied and very
dissatisfied.
17. How would you rate a rice cooker in your kitchen use?
32
Particulars Numbers Percentage
Very satisfied 6 30%
Satisfied 11 55%
Very dissatisfied - -
Dissatisfied 3 15%
15%
30%
55%
INTERPRETATION:
From the above chart, we can understand that the rate of rice cooker is
30% of respondents are very satisfied, 55% of respondents are satisfied
and 15% of respondents are dissatisfied, none from very dissatisfied.
18. Between these two products, which one is better for daily
kitchen use?
33
Particulars Numbers Percentage
Gas stove 15 75%
Induction stove 1 5%
Both 4 20%
20%
5%
75%
INTERPRETATION:
From the above chart, we can understand that 75% of respondents are
using gas stove, 5% of respondents are using induction stove and 20%
of respondents are using both gas and induction stove.
34
Once a week 4 20
2-4 times a week 12 60
More than 4 times a 4 20
week
20% 20%
60%
INTERPRETATION:
From the above we can understand that 20% of the respondents are
using mixer once a week, 60% of the respondents are using mixer 2-4
times a week, 20% of the respondents are using mixer more than 4
times a week.
35
20. Do you think kitchen appliances are useful in our day to day
life?
INTERPRETATION:
From the above chart we can understand that 75% of respondent are
strongly agree that kitchen appliances are useful in day to day life, 20%
of respondents are agree, 5% of respondent disagree that kitchen
appliances are not useful.
36
21. Are you satisfied with the service provided by Bajaj
electronics?
INTERPRETATION:
From the above chart we can understand the pricing of bajaj electronics
products 25% of respondents says that it is more expensive, 35% of
respondents says it is less expensive, 30% of respondents says all about
the same, 10% of respondents says it is not sure.
37
22. How would you find the pricing of Bajaj electronics products
when compared to other electronics?
INTERPRETATION:
From the above chart we can understand the pricing of Bajaj electronics
products 25% of respondents says that it is more expensive, 35% of
respondents says it is less expensive, 30% of respondents says all about
the same, 10% of respondents says it is not sure.
38
23. How would you rate your overall products satisfaction when
compare to others
INTERPRETATION:
From the above chart we can understand that the overall satisfaction is
the 50% of respondents are highly satisfied, 50% of respondents are
highly satisfied and none of them are dissatisfied and highly dissatisfied.
39
24. How likely are you to recommend Bajaj electronics to a
friend/colleague?
INTERPRETATION:
From the above chart we can understand that how people recommend
Bajaj electronics 65% of respondents says it is very useful, 25% of
respondents says it is very useful, 10% of respondents says it is
moderate and none of the says it is less useful and very less useful.
40
CHAPTER-IV
Findings,
Suggestions
&
Conclusion
41
FINDINGS:
● In our topic “Marketing Strategies of Bajaj
Electronics (Kitchen Appliances)”.
● It is found that the majority of people have
purchased products from Bajaj Electronics.
● Most of the people prefer Bajaj electronics
refrigerator, because of EMI schemes.
● Kitchen appliances are saving women’s time and
energy also it increased spending habits.
● Majority of people are using microwave for baking,
roasting, reheating.
● It is found that most of people are using more than
two products of Bajaj electronics because it is less
expensive.
● Majority of people are referring pressure cooker
instead of rice cooker.
● It is found that majority of people are satisfied by
the services provided by Bajaj electronics and they
recommend Bajaj electronics is very useful.
● Majority of people are using Bajaj electronics gas
stove, by the in-store visit.
● It is found that most of people are influenced by
television advertising.
42
SUGGESTIONS:
● Following are the few suggestions for the
marketing strategies of Bajaj Electronics for
improving its market strategy.
● People get more attracted through online
advertisement, so we should work on online
advertisement to attract more customers.
● In today’s age, the brand must focus on other areas
to market like malls, theatre and crowded area to
get attention, market it and gather audience
interest.
● Most of the respondents are satisfied with the
services provided by Bajaj Electronics.
CONCLUSION:
From the responses we collected, we can conclude
that there is a positive review of responses to Bajaj
Electronics as it is less expensive and also its product
quality and brand presence is best. Most of the
females are preferring kitchen appliances to save
their time and energy. We can conclude that the
respondents are satisfied by Marketing Strategies of
Bajaj electronics.
43
Chapter-V
BIBLIOGRAPHY
44
REFERENCES:
JOURNALS
Yeshwanth Reddy (2018) “A study of influence
of EMI payments on sales of Bajaj electronics’’
Satish Kumar (2020) “A study of Bajaj
electronics in numbers’’
Amital Mital (2022) “Bajaj Electronics lighting
up the future”
Mohammed Faud (2022) “An Invitation to
inspiration-live product experience”
Aditya Shastri (2022) “Marketing Strategy of
Bajaj Electricals”– a trusted brand in consumer
appliances for decades.
BOOKS
•Basics of marketing
Author: Dr.S.Lakshmi Narasimham, Dr.Afroz
Pasha Md
Publisher: TATA PUBLICATIONS.
•Marketing management sixteenth Edition
Author: Philip Kotler
Publisher: Pearson
WEBLIOGRAPHY
45
• https://emeritus.org/
•://www.indeed.com>guide:idealcustomer
•https://www.mbaskool.com/marketing-
mix/products/17324-bajaj- electricals.html#
APPENDICES
46
We the students of B.com (computer applications) sem-
6, as a part of our curriculum, we request you to fill this
questionnaire.
QUESTIONNAIRE
1. Name of the respondent: ______________
2. Gender: __________
□ Male □ Female □ Others
3. Age: ________
□ 20-40 □ 40-60 □ 60 & above
4. Qualification: ______
□ Undergraduate □ Post Graduate
□ Graduate □ Professional Programs
5. Marital Status: ______
□ Married □ Unmarried □ Divorced
6. How did you learn about Bajaj Electronics?
□ Social media □ Word of mouth
□ Online advertising □ In-store visit
□ Others
7. Have you ever purchased any electronic products
from Bajaj Electronics?
○ Yes ○ No
8. Which media of advertisement influence your
purchase?
47
□ Television □ Newspaper □ Display
□ Online advertisements
9. Which aspect of Bajaj Electronics marketing stands
out to you the most
□ Offers and discounts □ Product quality
□ Brand presence □ EMI Schemes
48
○ Increased spending ○ Decreased spending ○ No
change
16. What would you like to prefer more between these
two products?
○ Pressure cooker ○ Rice cooker
17. How would you rate for pressure cooker in our
kitchen use?
○ Satisfied ○ Dissatisfied ○ Don't know
18. How would you rate for rice cooker in our kitchen
use?
○ Very satisfied ○ satisfied ○ Very dissatisfied ○
Dissatisfied
19. Between these two products, which one is better for
daily kitchen use?
○ Gas stove ○ Induction stove ○ both
20. How frequently do you use your mixer in a week?
□ Once a week □ 2-4 times a week □ More
than 4 times a week
21. Do you think kitchen appliances are useful in our
day to-day life?
○ strongly agree ○ Agree ○ strongly disagree
○ Disagree
22. Are you satisfied with the service provided by Bajaj
Electronics?
49
○ Very satisfied ○ satisfied
○ Very dissatisfied ○ Dissatisfied
23. How would you find the pricing of Bajaj Electronics
products when compared to other Electronics?
○ More expensive ○ All about the same
○ Less expensive ○ Not sure
24. How would you rate your overall product
satisfaction with compare to others?
○ highly satisfied ○ Satisfied ○ Neutral
○ highly dissatisfied ○ Dissatisfied
25. How likely are you to recommend Bajaj Electronics
to a friend/colleague?
○ Likely ○ Very likely ○ Unlikely ○ Very
unlikely
50
51