Maruti Suzuki is India's largest passenger vehicle manufacturer, with a 40% market share. It offers 16 brands with over 150 variants across segments like compact, mini, and utility vehicles. Maruti dominates the Indian market, consistently selling over 1 million vehicles annually and holding the top spots for best-selling models. Its key competitors like Hyundai, Tata Motors, and Honda have also experienced significant growth in India in recent years through effective strategies around new models, pricing, and marketing. Maruti remains focused on fuel efficiency, quality, and affordability to meet the needs of India's growing middle class.
Maruti Suzuki is India's largest passenger vehicle manufacturer, with a 40% market share. It offers 16 brands with over 150 variants across segments like compact, mini, and utility vehicles. Maruti dominates the Indian market, consistently selling over 1 million vehicles annually and holding the top spots for best-selling models. Its key competitors like Hyundai, Tata Motors, and Honda have also experienced significant growth in India in recent years through effective strategies around new models, pricing, and marketing. Maruti remains focused on fuel efficiency, quality, and affordability to meet the needs of India's growing middle class.
Maruti Suzuki is India's largest passenger vehicle manufacturer, with a 40% market share. It offers 16 brands with over 150 variants across segments like compact, mini, and utility vehicles. Maruti dominates the Indian market, consistently selling over 1 million vehicles annually and holding the top spots for best-selling models. Its key competitors like Hyundai, Tata Motors, and Honda have also experienced significant growth in India in recent years through effective strategies around new models, pricing, and marketing. Maruti remains focused on fuel efficiency, quality, and affordability to meet the needs of India's growing middle class.
Maruti Suzuki is India's largest passenger vehicle manufacturer, with a 40% market share. It offers 16 brands with over 150 variants across segments like compact, mini, and utility vehicles. Maruti dominates the Indian market, consistently selling over 1 million vehicles annually and holding the top spots for best-selling models. Its key competitors like Hyundai, Tata Motors, and Honda have also experienced significant growth in India in recent years through effective strategies around new models, pricing, and marketing. Maruti remains focused on fuel efficiency, quality, and affordability to meet the needs of India's growing middle class.
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INTRODUCTION
India is one of largest automobile market in india.It is on the
way to becoming the world largest auto hub by 2016.There is lot of major player in india,Maruti Suzuki is one of them.Maruti Udyog limited was established in feb 1981 with Maruti 800.it changed its name and ownership in sep 2007 to Maruti Suzuki india limited when Suzuki motor corporation Japan bought major stake (54.2)% in company.Today it offer around 16 model with over 200 variants across different segment like passenger car utility vehicle and vans.Its annual production capacity of 1.55 million unit. CURRENT SCENARIO OF INDIAN AUTOMOBILE INDUSTRY It one of key drives that boosts economic growth of country.since delicensing of India's automobile industry sector in1991 and subsequent opening up of 100% FDI through automatic route india automobile industry become big industry.It is previously been one of fastest growing market globally ,but it currently experiencing flat or negative growth rate.As per data published by department of industrial policy and promotion ,ministry of commerce ,FDI inflow into Indian automobile industry during April 2000 to 2013 was amount 4% of total FDI.Total of 2968201 vehicles were sold in india during period april may 2013. currently estimated India is the sixth largest motor vehicle/car manufacturer in the world in 2013 by overtaking brazil.
PASSENGER CAR DOMESTIC SHARE Car industry in inda grow at 29% in 2010-11. Indian car industry growing rapidly. There are many players. There market share are follow
maruti 39% toyota 6% hyundai 14% m&m 12% tata motors 12% others 17% market Major player and their unit sale Year 2011 Unit Sale Maruti Suzaki 21185 Hyundai 18908 Tata Motors 8748 Ford 5608 Volkswagon 3486
COMPETITIORS ANALYSIS HYUNDAI: It is south korea company. 2 nd largest car manufacturer in India . Debut in 1998 with launch of Santro. By 2004 had 5 models, Santro, Accent, Sonata and Elantra and Getz. In 2007 launched i10 that give stiff competition to wagon R. Hyundai grand I1o to take on Maruti Swift.It come with two engine varients 1.1 litre diesel and 1.2 litre petre. Hyundai launched the Xecent compact sedan in india .that give competition to swift dzire. Hyundai Verna compete with Maruti ciaz TATA 3 rd Largest in Passenger Cars Launched Indica in 1998 Acquired Jaguar and Land Rover brands ( 2008) . TataIndigo Ec Launch of Nano in 2009,MANZA, High Market share in diesel marke.
VOLKSWAGEN Tagline- Das Auto meaning The Car but luxury models for the upper class in India Entered with Skoda Brand in 2001 with current range of Fabia , Laura, Octavia etc. VW in India in 2007 with Passat and Jetta Launched Polo in 2009 120 dealerships across the country today Focus on service and Customer satisfaction CHERVRLET Chevrolet :For a Special Journey Called Life. with Optra in 2003 Launched Aveo, Optra SRV and Aveo U-VA Chevrolet Spark in 2007 and Beat in 2010 Innovative schemes like the Chevrolet Promise - Maintenance at a fixed cost for three year period Affordability at every stage HONDA Honda is Japanese multinational manufacture of automobile.it is eight largest world manufacturer in 2011.strong demand of diesel sedan and amaze captulate its 3 rd position in market. few of its model is following Honda introduce jazz with diesel engine .this engine is expected to return the mileage of kmph about 25. Honda amaze also give strong competition to Maruti dzire. Honda city
CURRENT PROFILE OF MARUTI SUZAKI Maruti Suzuki India Limited is a subsidiary of Suzuki Motor Corporation, Japan & Indias leading passenger car manufacturer, with market share of 40%. Maruti Suzuki offers 16 brands with near about 150 variants. . Maruti Suzuki offers a complete range of cars from entry level Maruti 800 and Alto Ritz, A-Star, Swift, Wagon-R, Estillo and swift Dzire, SX4, in the 'C'segment Maruti Eeco, Multi-Purpose vehicle Ertiga and Sports Utility vehicle Grand Vitara. The company is engaged in the business of Purchase, Manufacturing, and Sales of vehicles & spare parts. Maruti Suzuki is also engaged in other activities like Pre owned car sales, Car financing & Fleet management, Key objective Deliver superior value to customer through a balanced approach to products,performance and price. Offer products technology and services that improve quality Focus on improving quality across value chain. Develop marketing strategy and communication that connect customer. Target common people. Compact and Small vehicle Fuel efficient , Goodwill Rural area compaign. Give environmently safe product It associate its product to quality of life
KEY ACHIEVEMENT IT SOLD 1,555041 vehicle in 2013-2014. first in j.d powerr customer satisfaction index study. First in j.d power sales satisfaction study. 4 out of 5 top selling model from maruti suzaki. Ist pre owned business in india. 16% growth in rural sales in 2013-2014 Maruti share in 14.3% in utility vehicle segment in 2012-2013. It sold one million unit during 2013. Maruti Suzuki alto largest selling car in india and world largest selling compact car. It has market share to 40%. Expand presence in export market with product swift dzire and ertigo. VOLUME OF VEHICLES IN MILLIONS 2008 2009 2010 2011 2012 2013 792,167 1,018,365 1,271,005 1,133,695 1,171,434 1,155,041 NET WORTH(million) 2008 2009 2010 2011 2012 2013 84154 93449 118351 151874 185789 209780 Source:annual report(2008-2013)
0 5,000 10,000 15,000 20,000 25,000 30,000 Series 1 Series 2 Series 3 FEATURES OF DIFFERENT MARUTI MODEL ALTO K10 : it introduce K series engine.It is completely environmen friendly and fuel efficient. WAGAN R GREEN:It is a fine balance of comfort space and performance.It has CNG engine .it combine I_GPI technology. RITZ:It is available into two model k-series petrol and diesel. SX4:It has super turbo diesel engine. KIZASHI:It is luxury car. SWIFT : diesel and petrol car . ERITGA GREEN:First utility vehicle with CNG ENGINE. STINGRAY: for youth. CELERIO :With revolutionary auto gear shift technology.
CURRENT STRATEGIES CATERING ALL SEGMENT:This is a market penetration strategy of Maruti Suzuki Ltd. It caters to all segments and has a product offering at all price points. Their pricing strategy is to provide an option to every customer looking for up gradation in his car. Their sole motive of having so many product offering is to be in the consideration set of every passenger car customer in India. BRAND POSITIONING:This is most important concept.it followed very effective multi segmentation strategy to grab different segment with different version of brand.like ALTO:LETS GO JUST FOR MARRIED COUPLE WAGON R:FAMILY CAR A STAR:URBAN YOUTH STINGERY:YOUTH
PROMOTIONAL STRATEGY: it cuts price of model it also give insurance and banking facility.it treats rural area as fastest growing .Mobile support vans capable of reaching customer door steps and fully equipped. It emphasis on road safety and environment friendly product IIT always promted concept of reduce reuse recycle. DISTRIBUTION STRATEGY It has largest distribution network comprising of over 400 salea showroom over 600 dealer and 30 express service station on 1314 cities.
Maruti True service :It is offered by Maruti Suzuki to its customers. It is a market place for used Maruti Suzuki Vehicles. One can buy, sell or exchange used Maruti Suzuki vehicles with the help of this service in India. As of 31 March 2010 there are 341 Maruti True Value outlets. ACCESSORIES :Maruti Suzuki started a new initiative under the brand name Maruti Genuine Accessories to offer accessories like alloy wheels, body cover, carpets, door visors, fog lamps, stereo systems, seat covers and other car care products. These products are sold through dealer outlets MARUTI FINANCE:Maruti Suzuki launched Maruti Finance in January 2002. Prior to the start of this service Maruti Suzuki had started two joint ventures Citicorp Maruti and Maruti Countrywide with Citi Group and GE Countrywide respectively to assist its client in securing loan. Maruti Vehicles. One can buy, sell or exchangeMARUTI INSURANCE:The two subsidiaries Maruti Insurance Distributors Services Pvt. Ltd and Maruti Insurance Brokers Pvt. Limited provides vehicle insurance to its customers with the help of the National Insurance Company, Bajaj Allianz, New India Assurance. MARUTI DRIVING SCHOOL: As part of its corporate social responsibility Maruti Suzuki launched the Maruti Driving School in Delhi. Later the services were extended to other cities of India as well
MARUTI CARS MARUTI CARS YEAR PRICE SWIFT 2005
4,48,893-6,87,768 GRAND VITARA 2007 22,68,064 - 24,60,529
SWIFT DZIR 2008 4,92,354 - 7,50,483
A-STAR 2008 3,81,171 - 4,66,219
RITZ 2009 4,32,237 - 6,33,612
ALTO K10 2010 3,21,358 - 3,34,598
KIZASHI 2011 16,52,875 - 17,52,875
SX4 2011 7,38,114 - 9,79,786
ERTIGA
2013 5,98,970 - 8,70,970 CELERIO
2014 3,76,000-4,79,000 MODEL DISCONNTINUED Maruti 800 A_STAR ESTILO. UPCOMING MODEL CIAZ :6.99_9.80 LAC MRWAGON:5.00 LAC SX4S-CROSS:8 _12 LAC
MARUTI SUZAKI FUTURE PLAN Maruti Suzuki has decided to enter the sub -800cc Segment.Two cars that is Palette and MR Wagon unveiled during Delhi Auto Expo. It plans to buy real state for dealer in india and built factories for parent Suzuki It plan to build its own family of diesel. No to premium segment, focus will remain on small.
REFERENCES
Maruti Suzuki India Ltd, Annual Report 2010-11,from www.marutisuzuki.com. Maruti Suzuki India Ltd, Annual Report 201-12,from www.marutisuzuki.com Maruti Suzuki India Ltd, Annual Report 2012-13,from www.marutisuzuki.com Maruti Suzuki India Ltd, Annual Report 2013-14,from www.marutisuzuki.com http://www.slideshare.net/saurabhkumarlohal/marke ting-strategy-of-maruti-suzuki. http://www.marutisuzuki.com/Latest-Maruti- Company-Update.aspx http://www.scribd.com/doc/52392026/Maruti- Suzuki-Advertising-Strategies. Case Study of Maruti Suzuki IndiaLimitedDr.M.A.Lokhande1, Vishal Sunil Rana2 1Prof & Head, Dept of Commerce, Dr.Babasaheb Ambedkar Marathwada University,Aurangabad, (M.S) MARKETING STRATEGIES OF MARUTI SUZUKI LIMITEDGAUHAR FATMA1, ELA KUMARI2 1,2 Assistant Professor, L.N.Mishra College of Business Management Wikipedia