"Mahindra & Mahindra": Summer Training Report On Study of Marketing Strategy of Automobiles AT
"Mahindra & Mahindra": Summer Training Report On Study of Marketing Strategy of Automobiles AT
"Mahindra & Mahindra": Summer Training Report On Study of Marketing Strategy of Automobiles AT
SUPERVISOR SUBMITTED BY
DR. SURUCHI SHARMA Shanaya Rajpoot
DEPARTMENT OF MANAGEMENT STUDIES MBA 2nd Year
TULA’S INSTITUTE 18012150074
DEHRADUN
TULA’S INSTITUTE
DEHRADUN
(2018-2019)
DECLARATION
Date:
Sigh:
Shanaya Rajpoot
MBA 2nd YEAR
18012150074
ACKNOWLEDGEMENT
The completion of this study would have been impossible without the material and
Moral support from various people. It is my obligation therefore to extend my
gratitude to them. First of all I thank the Mr. R.D Singh for guiding me through
the entire course.
I am greatly indebted to Mr. Chandra Prakash Rai who was my supervisor for his
effective.
Supervision , dedication, availability and professional advice. I extend my
gratitude to
My project guide Mr. Anupam Nautiyal for the all the supervision and guides
though out the session of project report preparation , therefore enriching my
research with knowledge. The customers of Mahindra & Mahindra , who were
my respondents, deserve my appreciation for their support and willingness for
providing the required information during my study. My appreciation finally goes
to my classmates, with whom I weathered through the storms, giving each other
encouragement and for their positive criticism.
S.NO CONTENT PAGE
NO
1.1 INTRODUCTION 5
1.2 INDUSTRY PROFILE 6-15
1.3 OBJECTIVE OF STUDY 16
1.4 LITERATURE REVIEW 17-18
1.5 SCOPES OF STUDY 19
1.6 LIMITATIONS OF STUDY 20-22
2 23
COMPANY PROFILE
3 STUDY OF MARKETING STRATEGY 23-28
3.1 MARKETING STRATEGY RESULTING GROWTH 28
4 MANAGING PRODUCTIVITY 29
4.1 GROWTH THROUGH CREATIVITY 30-31
5 FINDINGS 31-32
6 WORKING CONDITIONS 32-34
6.1 MOTIVATION FACTORS 34-35
7 DEPARTMENTS OF COMPANY 35-37
7.1 DO’S AND DON’TS 37-39
8 GOAL CLARITY 39-40
9 BENEFITS OF TEAMWORK AT MAHINDRA 40-45
10 SUMMARY 45
11 CONCLUSION 46-48
12 SUGGESTIONS 48-49
ANNEXURES
APPENDICES
BIBLIOGRAPHY
INTRODUCTION
Mahindra & Mahindra Ltd (M&M) is an India-based company. The company operates in nine
segments: automotive segment comprises of sales of automobiles, spare parts and related
services; farm equipment segment comprises of sales of tractors, spare parts and related services;
information technology (IT) services comprises of services rendered for IT and telecom;
financial services comprise of services relating to financing, leasing and hire purchase of
automobiles and tractors; steel trading and processing comprises of trading and processing of
steel; infrastructure comprise of operating of commercial complexes, project management and
development; hospitality segment comprises of sale of timeshare; Systech segment comprises of
automotive components and other related products and services, and its others segment comprise
of logistics, after-market, two wheelers and investment.
Mahindra & Mahindra Ltd was incorporated on October 2, 1945 with the name Mahindra &
Mohammed Ltd. The company was renamed as Mahindra & Mahindra Ltd in the year 1948. The
steel trading business was commenced in association with suppliers in UK. In the year 1950, the
company commenced the first business with Mitsubishi Corporation and 5000 tons of wagon
building plates from Yawata Iron & Steel were supplied.
In the year 1953 Otis Elevator Company (India) was established. A joint venture was made with
Rubery Owen & Company Limited, UK and established a company under the name of Mahindra
Owen. The company's Machine Tools Division was commenced its operations in the year 1958.
In the year 1960, Mahindra Sintered Products Limited was established based on a joint venture
with Bir Field (GKN Group, UK). In the year 1962, Mahindra Ugine Steel Company was
established as a joint venture between the company and Ugine Kuhlmann, France. In the year
1963, International Tractor Company of India was established as a joint venture with
International Harvester Company, USA.
INDUSTRY PROFILE
Mahindra & Mahindra Ltd, Mahindra Two Wheelers and Peugeot Motorcycles complete
strategic partnership. Mahindra inaugurates its extended automotive manufacturing facility at
Zaheerabad in Telangana. During the year under review, Mahindra & Mahindra & Mitsubishi
Heavy Industries enter into Strategic Partnership in Agricultural Machinery. The company
launches all new mini-truck 'Jeeto' small commercial vehicle landscape in India. During the year,
the company has set up an Africa-focused business unit to maintain double-digit growth levels in
the continent. The company launches its tough & stylish true blue SUV - TUV 300. Mahindra &
Mahindra, Mitsubishi Agricultural Machinery and Mahindra announce Start of their Strategic
partnership. Mahindra Introduces the All New Automatic Transmission of The New Age
XUV500. Pininfarina S.p.A ('Pininfarina'), an automotive design and engineering services
company was acquired by the Mahindra group during the year under review.
On 18 December 2015, M&M announced KUV100 (pronounced as KUV 1 double Oh') as the
brand name of its compact sports utility vehicle codenamed S101. The company also unveiled an
all new, world-class engine family named mFALCON, marking its entry into the ground up
petrol space.
On 17 February 2016, M&M announced that its young sports utility vehicle KUV100 has
crossed 21,000 bookings in just a month post launch. On 8 March 2016, Ssangyong Motor
announced the launch of an upgraded version of its sport utility vehicle Tivoli under the model
name Tivoli Air in Seoul, South Korea.
On 22 March 2016, the Agri Business vertical of M&M announced the launch of its branded
milk under the Saboro brand.
On 31 March 2016, M&M announced its foray into the global combine harvester business, by
entering into a strategic partnership with Sampo Rosenlew, a combine harvester company based
in Pori, Finland. Under the transaction, M&M will acquire a 35% equity stake in Sampo
Rosenlew. The two companies will work in tandem to grow their combine harvester business
globally.
On 4 April 2016, M&M announced the launch of a new sports utility vehicle NuvoSport. On 5
April 2016, M&M announced the launch of Mahindra YUVO, a new age and superior
technology range of tractors in the 30-45 HP category. On 15 April 2016, M&M announced its
entry into the UK automotive market with the launch of the innovative e2o electric city car in
London.
On 25 April 2016, M&M announced the launch of the limited edition Scorpio Adventure variant.
On 9 May 2016, M&M announced the introduction of the Automatic Transmission (AT) in the
W6 FWD variant of its sports utility vehicle XUV500. On 12 May 2016, M&M announced the
launch of a more powerful avatar of its sports utility vehicle TUV300 with the all new
mHAWK100 engine.
On 2 June 2016, M&M announced the launch of its innovative new eVerito - the all-electric,
zero-emissions sedan. M&M said that the vehicle can be fast charged in 1 hour 45 minutes (0-
80%) and a full charge lasts 110 kms.
On 28 July 2016, M&M announced the launch of its first custom hiring centre for farm
equipment under its TRRINGO initiative. TRRINGO, a unique and first-of-its-kind farm
equipment aggregator service allows farmers to rent tractors and other mechanized farm
equipment to complete their farming requirements without major investments.
On 8 August 2016, M&M's 100% subsidiary Mahindra Agri Solutions announced the launch of 4
new varieties of branded pulses under its NuPro brand in Mumbai.
On 11 August 2016, M&M announced that its small commercial vehicle Jeeto, the modular
range of 8 mini-trucks, has garnered a market share of 20% within just a year of its launch.
On 27 September 2016, M&M announced the introduction of its new mild hybrid technology
Intelli-Hybrid' on its sports utility vehicle Scorpio for Delhi and NCR. M&M said that the
modern technology Intelli-Hybrid reduces fuel consumption by up to 7%. On 21 October 2016,
M&M announced the national launch of its new electric CitySmart car, the e2oPlus'.
On 25 October 2016, M&M unveiled plans to refocus its two wheeler business, to target
premium niche segments. With the acquisition of Classic Legends, M&M aims to co-create a
lifestyle mobility company with exciting and relevant partners across products & services, and
enter into previously untapped segments using iconic brands like BSA and JAWA.
On 21 November 2016, M&M announced the inauguration of its state of the art spare parts
warehouse in Mahindra World City (MWC), Jaipur. As one of the largest, most modern
warehouses in the country and the company's first in northern India, it will cater to the
requirement of Mahindra customers in north and north western region of the country for both
automotive and tractor spare parts.
On 20 January 2017, M&M announced its foray into Turkey, through the acquisition of Hisarlar
Makina Sanayi ve Ticaret Anonim Sirketi (Hisarlar), a farm equipment company based in
Turkey. Under the transaction, M&M will acquire a 75.1% equity stake in Hisarlar. Hisarlar
clocked revenue of 208 million Turkish Lira in 2015.
On 10 February 2017, M&M announced that it plans to make an investment of Rs 1500 crore at
its Nasik and Igatpuri plants in Maharashtra. The project constitutes development and
manufacture of its new product codenamed U321, covering joint investment at Nasik and
Igatpuri. The investment in the Nasik plant will be towards manufacture of vehicles, while
investment in the Igatpuri plant will be for manufacture and supply of engines.
On 15 February 2017, Mahindra Truck & Bus Division (MTBD) announced the launch of Delhi-
Mumbai Service Corridor to make service available at every 60 km across the industrial corridor.
On 5 April 2017, M&M announced the launch of new age, superior technology small tractor
platform in the sub 25HP category under the brand JIVO. M&M said that JIVO is suitable for
row crop and horticulture farming.
On 19 April 2017, M&M announced the introduction of a host of innovative features in its sport
utility vehicle XUV500. The new additions include Android Auto, Connected Apps, Ecosense &
Emergency Call and are targeted towards meeting the evolving needs of a tech savvy consumer.
On 18 May 2017, M&M and DIMO group announced the launch of the new range of tractors -
Mahindra YUVO in Sri Lanka. On 24 May 2017, M&M announced a comprehensive roadmap to
invest in globally competitive electric vehicles technology called EV 2.0.
On 4 July 2017, M&M announced revised prices of its vehicles pursuant to the implementation
of a nationwide Goods and Services Tax (GST). The prices of vehicles for end-customers on
large UVs and SUVs were reduced by an average of 6.9% and those for small car segment were
reduced by an average of 1.4%. End-customer prices were reduced by an average of 1.1% for
small commercial vehicles and 0.5% for LCVs and HCVs. The prices for the end-customers of
hybrid vehicles were raised marginally.
On 13 July 2017, M&M announced the launch of the Jeeto Minivan, its stylish and comfortable
passenger carrier developed on the successful Jeeto platform. On 29 July 2017, M&M
announced its entry into two new businesses in the Kingdom of Bhutan with the debut of Truck
& Bus, and Construction Equipment businesses. The company will set up these two new
businesses in partnership with M/s Singye Agencies, its long-standing partner in Bhutan for more
than 25 years.
M&M showcased a full range of its mobility solutions - from 2 wheelers and personal vehicles to
small, medium and heavy commercial vehicles, buses and a range of construction equipment at
the 11th edition of Nepal Automobile Dealers' Association (NADA) Auto Show 2016 in
Kathmandu from 29 August 2017 to 3 September 2016.
On 8 September 2017, M&M announced the launch of the e-Alfa Mini, its zero emission, all new
electric rickshaw for passenger movement. The vehicle was priced at Rs 1.12 lacs (ex-showroom
Delhi).
On 18 September 2017, M&M and Ford Motor Company announced that they have agreed to
explore a strategic alliance designed to leverage the benefits of Ford's global reach and expertise
and M&M's scale in India and successful operating model. Mobility, electrification and product
development are key areas of potential cooperation between the two auto majors. Teams from
both companies will collaborate and work together for a period of up to three years. Any further
strategic cooperation between the two companies will be decided at the end of that period.
On 19 September 2017, M&M announced the national launch of its new electric CitySmart car,
the e2oPlus' in Nepal. On the same day, M&M's farm equipment division showcased its first ever
driverless tractor developed at Mahindra Research Valley in Chennai. At that time, M&M said it
would commercially launch driverless tractors from early 2018 in a phased manner.
On 20 September 2017, M&M announced its second foray into Turkey through the acquisition of
Erkunt Traktor Sanayii A.S. (Erkunt), the 4th largest tractor brand in Turkey. Erkunt clocked
revenue of USD 88 million for calendar year 2016 and it sold around 4,700 tractors during that
period. M&M will also acquire a foundry unit, Erkunt Sanayi A.S., which is a full service
provider, from castings to machining. The foundry unit had revenue of USD 47 million during
2016.
On 22 September 2017, M&M announced the launch of its first assembly plant in Sonargaon,
near Dhaka in Bangladesh. The company has set up its CKD (completely knocked down)
assembly plant, in partnership with Rangs Motors Ltd.
On 25 September 2017, M&M announced the launch of the luxurious high-end T10' variant of
its SUV TUV300. On 28 September 2017, M&M announced its plan to deliver 50 units of the
eSupro Passenger van to the Himachal Road Transport Corporation (HRTC). As part of HRTC's
Ride with Pride' initiative, the battery powered, all electric, zero emission Mahindra eSupro
passenger vans will be used for public transportation in the state of Himachal Pradesh.
On 3 October 2017, M&M's construction equipment division announced its foray into the road
construction segment with the launch of its first Motor Grader - the Mahindra RoadMaster G75.
On 4 October 2017, M&M announced the launch of a new W9 variant of its SUV XUV500. On
10 October 2017, M&M announced the launch of updated version of its SUV KUV100 under the
name KUV100 NXT. On 12 October 2017, M&M announced the launch of updated version of
Mahindra Pik Up vehicle in South Africa.
The Board of Directors of M&M at its meeting held on 10 November 2017 recommended issue
of bonus equity shares in proportion of 1:1.
On 14 November 2017, M&M's automotive division announced the launch of 6 variants of its
sports utility vehicle (SUV) Scorpio with higher power and torque, new 6-speed transmission,
enhanced performance, imposing styling and luxurious comfort. It was priced at Rs 9.97 lakh
(ex-showroom Delhi, for S3 variant).
On 14 November 2017, M&M announced a licencing agreement with the Dewulf group for
manufacture and marketing of potato planting equipment in India. Under the aegis of this
agreement, M&M will work with the Dewulf Group to bring its potato planting technology to the
Indian market. Dewulf is the world's foremost full-liner in potato and root crop machinery.
On 15 November 2017, M&M announced the launch of the all new automatic version of the
New Age XUV500 in Dubai in two variants, namely the W8 FWD and the W10 AWD. On 20
November 2017, M&M announced the opening of a new North American headquarters and
manufacturing operation in Metro Detroit, the first such new OEM facility in Southeast
Michigan in over 25 years. M&M will manufacture new off-highway vehicles at the new facility.
On 24 November 2017, M&M announced that it will collaborate with Uber, the global
transportation technology company, to explore the deployment of electric vehicles (EVs) on the
Uber platform in several cities across India. M&M's electric vehicles on the Uber platform will
include the e2oPlus hatch and the eVerito sedan.
On 5 December 2017, M&M announced the introduction of petrol variant of its premium SUV,
the XUV500 priced at Rs 15.49 lacs (ex-showroom Delhi). On 14 December 2017, M&M
announced that it plans to increase prices of its passenger and commercial vehicles by up to 3%
with effect from 1 January 2018. The price hike is due to increase in commodity prices, M&M
said.
On 30 January 2018, M&M's Farm Equipment unit announced the acquisition of a 26% equity
stake in M.I.T.R.A. Agro Equipments Pvt Ltd (MITRA), a Maharashtra-based AgTech company
which designs and manufactures proprietary sprayers for horticulture crops. M&M will acquire
26% equity stake in MITRA through a fresh infusion of capital into the company.
As a part of a series of initiatives under its digital transformation strategy, M&M on 31 January
2018 announced an industry first initiative in the automotive retail space with the launch of its
'Bring the Showroom Home', a portable, mobile based, interactive Virtual Reality experience.
On 2 February 2018, Mahindra First Choice Wheels (MFCWL), a diversified used vehicle
automotive services provider, announced that it has raised a new round of $15 million (Rs 100
crore). The entire investment is in the form of primary capital and will be used to fund its growth
over the next 18 months and values the company at $250 million pre money and $265 million
post money.
In the year 1965, the company entered into light commercial vehicles segment. They established
Vickers Sperry of India Ltd, a joint venture with Sperry Rand Corporation, USA. In the year
1969, the company entered the world market with export of utility vehicles and spare parts.
In the year 1977, International Tractor Company of India merged with the company and became
its Tractor Division. In the year 1982, Mahindra brand of tractors were launched and also
became the market leader in the Indian tractor market. In the year 1991, the company introduced
commander range of vehicles in the market. Also, they established Mahindra Financial Services
Ltd as a wholesale fund provider.
OBJECTIVES OF STUDY
Specification
Businesses must decide which market position they want to take. The company that gains the
largest market share and dominates the competition becomes the market leader. The market
challenger is the position when a company confronts the leader of the market. The market
follower is a company that follows and copies the leader rather than attacks it. Many small
businesses choose to fill a market niche: a position that specializes in a narrow segment of a
large market.
Michael Porter states that strategy is about the means or ways (steps) of
attaining goals and not their specification. He also indicates that strategy is
one element in a four-part structure. According to Porter, those four part
structures are: (a) what are the goals to be attained? (b) How will the
resources be deployed? (c) The tactics; i.e. the ways in which resources that
have been deployed are actually used or employed and (d) are the resources
(means) themselves available and at our disposal? Both strategy and tactics
bridge the gap between goals and means. In business, as in the military,
strategy bridges the gap between policy and tactics. It is the creation of a
unique and valuable position, involving a different set of activities.
Meaning strategy is about competitive position, about differentiating
yourself in the eyes of the customer, about adding value through a mix of
activities different from those used by competitors.
As have been stated above, it can be seen that strategy is vital to the success of
the business. Without it, company’s goals may not be realised as there may
be loss of focus on how to achieve those goals. Therefore, it helps to give
focus to the often scattered energy of tactics, and bring power to goals and
the larger business vision.
SCOPE OF STUDY
This study purpose is to identify how competitive marketing strategies can help firms to
succeed in the market and also to analyze the scope and importance of marketing strategies
for successful firms. The Strategic marketing is to identifying competitor is based on the
differences in firms strategic for competing in an industry. Like the business definition
approach, the concept is intuitively appealing and understandable. However, academics are
understandably surprised at reported empirical results that 85% of all promotions are losing
money to the promoters, and that only half of the advertising expenditures generate economic
benefits to the advertisers. Economic downturn is the most important fact for the present
world. Realizing this, it is necessary to extract the fact in this present situation. This paper
seeks to investigate the current debate regarding the threats and vulnerabilities of the
recession economic condition and to study some possible remedial action to defend the
threats of economic situation. This research revealed a lot of risk and way to save the
company in this recession economy. In economic crisis firm need to change their marketing
policy to makes the profit. Marketing mix strategy, product strategy, pricing strategy,
promotion strategy and distribution strategy can make successful in economic crisis. In
marketing mix strategy firms withdraw their product and service from the weak market.
Avoid introducing new product in product strategy. Pricing strategy firm improve the product
or service quality and promotion strategy they maintain their advertising budget and open
new wholesale centers under distribution strategy. By changing their marketing strategy firm
can be successful in the recession economy. This research also showed how company can
survive by using competitive marketing strategy and also by controlling the shrinkage in the
recession economy.
Purpose of this study is to identify how competitive marketing strategies can help
firms to succeed in the market and also to analyze the scope and importance of
marketing strategies for successful firms. The Strategic marketing is to identifying
competitor is based on the differences in firms strategic for competing in an
industry. Recession means slowdown economic condition for the sustain period of
time. In this period customer feel insecure about their job and more sensitive about
all financial matter (Shama1978). Consumer also changes their shopping habits
and behavior for the adjustment of changing economic condition (Ang et al. 2000).
Because of consumer behavior company should take some change in their market
place by reducing costs and investment, improve their efficiency, cutting
production and re-structuring debt (Michael 1997; Beaver and Ross 1999).
Shrinkage captures the firm’s liquidity LJ Carranza et al. (2003). This study shows
company should not take only competitive strategy they also aware about the
shrinkage of the company which reduce the liquidity, so they can make profit in
the recession economy. Now the question is how firm utilizing their competitive
marketing strategy to increase the profit in recession economy and how do firm
stop their shrinkage to achieve the goal.
COMPANY PROFILE
In 2015, Mahindra & Mahindra was recognized as the Best Company for CSR in India in a study
by the Economic Times. In 2014, Mahindra featured on the Forbes Global 2000, a
comprehensive listing of the world’s largest, most powerful public companies, as measured by
revenue, profit, assets and market value. The Mahindra Group also received the Financial Times
‘Boldness in Business’ Award in the ‘Emerging Markets’ category in 2013
Mahindra and Mahindra have taken various steps in order to promote their vehicles throughout
the world. It has decided to use the visual media, social media and the print media fully so that
the people become aware of its potential and products.
1) Social media:
Marketing on social networking sites is rapidly becoming a popular way to showcase products
and services, receive up to date customer feedback and stay abreast of latest trends.
Mahindra is connected with social networking sites to reach out to current and future customers.
It provides a new way to engage with customers, promote products, and analyzes customer
opinion & market trends and much more. Mahindra connects with leading social networking
sites like Facebook, Twitter, LinkedIn, YouTube and Google+.
a) Facebook:
Mahindra Facebook page has more than 807K fans. Mahindra uses Facebook as a platform
where their fans can connect with them for open discussions to share their stories, ideas,
suggestions, or comments. Through Facebook, Mahindra directly and actively connects with its
fans.
b) Twitter:
Mahindra’s Twitter feed is an engaging mix of business and pleasure, and of broadcasting and
engagement. Mahindra Twitter page has more than 67.2K followers.
CEO Anand Mahindra’s Twitter page: Anand Mahindra the auto tycoon topping an
international list of the top 5 non-tech CEOs who are highly active on the social media platform
Twitter. He has over 2.91M Twitter followers and is influential in the twitter universe because of
his wide variety of views on Twitter. His twitter handle is @anandmahindra.
c) Google plus:
Google plus has become an important means of interactions in which people create, share,
exchange and comment contents. Also, it connects the organization to customers directly for
communication. Mahindra Google plus page has more than 32K followers.
d) YouTube:
Mahindra has 2,418 people subscribing to its YouTube Channel and has 2,968,650 views.
Mahindra uses marketing videos in addition to informational videos to provide information and
make connections with their followers and viewers.
2) TV Commercial:
In 2015, Mahindra launched Prabhas, the famous actor, as its brand ambassador for Mahindra.
Mahindra TUV300 TV Ad – Tough is what tough does!
Current Scenario of Mahindra over various Social Media Platforms.
Much of Mahindra’s growth has come from acquisitions. In the last few years, the group bought
majority stakes in Korean automaker Ssangyong, IT Company Satyam Computer Services,
electric car maker Reva, two-wheeler maker Kinetic, Punjab Tractors and Australia’s Gippsland
Aeronautics.
Future plans
Mahindra also makes trucks in partnership with Navistar, two-wheelers, sedans and electric cars
with Reva. The company will Increase their share in two wheeler market in India and surpass
their competitors like Hero, Bajaj. Mahindra plans smaller petrol engines for future compact
models of cars and to make a compact SUV that would compete with small cars in pricing but
would offer the rugged capabilities that become the group’s trademark.
Rising costs put firms under great pressure to increase productivity. The problem is particularly
acute where the service is labour intensive. Productivity can be improved in several ways:
1. The providers can train current employees better, or they can hire new ones, who will work
harder or more skillfully for the same pay.
2. They can increase the quantity of their selling by increasing quality of product whatever they
are selling.
3. The provider can “industrialize the product” by adding equipment and standardizing
production, as in McDonald's production-line approach to fast food retailing. Commercial
dishwashing, jumbo jets and multiple-unit cinemas all represent the use of technological
advances to increase service output.
4. Product Developers can also increase productivity by designing more effective designs. How-
to-quit-smoking clinics and exercise recommendations may reduce the need for expensive
medical services later on.
5. Product Makers can also give customers incentives to substitute company labour with their
own labour.
6. Service providers that have to deal with fluctuating demand can increase productivity by
increasing flexibility and reshaping demand.
During the time of Indian independence, there was an interesting vehicle that was
making news the world over. It was the “jeep”. The history of jeep dates back to the
First World War. The US Army was looking for fast, light weight, all terrain utility
vehicles and called all the vehicle manufacturers to produce a specified vehicle within
49 days. Two companies responded to the call – The Bantam Car Company and the
Willys – Overland. With outside help, The Bantam Car Company did manage to build
the first hand-built prototype within the timeframe. But it was Willys who finally got
the army contract. Since the US Army was in need of a huge consignment of jeeps at
that point of time, Willys-Overland granted the US Government license to allow other
manufacturers to produce vehicles with Willy’s specification. The US Army had
designated this particular vehicle as GP vehicle, which later transformed into the term
“jeep”. Since the jeep vehicle played such an extraordinary and fascinating role during
the world wars, even today it is one of the most recognized brands in the world. These
vehicles were not only used by armies of different countries but at the same time, they
were also used for many other activities like laying telephone wires, as a makeshift
ambulance and as a conveyance for prime ministers and army generals, etc. Soon,
afterwards, Willy realized the potential of the jeep vehicle as a civilian carrier and so
introduced the first ever civilian jeep in 1945. It was then used by the farmers and
construction workers. Initially, the Willys had obtained the jeep trademark from the
United States Trademark Registration.
While in USA as Chairman of the India Supply Mission, K.C. Mahindra, who was
one of the founding members of the group, met with Barney Roos, inventor of the jeep.
The Mahindra brothers (K.C. Mahindra and H.C.Mahindra) envisioned that such a
vehicle would soon prove its worth in India’s rugged terrain and on its rough rural
roads. Thus, when the company was incorporated and converted into public limited
one in 1955 in Mumbai; initially, the company manufactured jeep type vehicles, petrol,
Automotive
Findings:
Primary data shows that the 18-50 years age group shows more inclination (78.4%)
towards the all the products of mahindra compared to the other age groups.
With respect to the primary data the users of the company in any of company’s field is
found as more then 40% of population of India..
M&M strategy is to be the low-cost provider of utility vehicles and farm
equipment.
M&M initially went through its share of learning and grew through pragmatic and,
orchestrated entrepreneurial risk. The group made a very successful transition from a
proprietorship model to a professionally managed group. It is found that rapid growth has
been possible through innovation led collaboration. The group is increasingly organizing
its innovation activities around the development of responses to specific challenges.
WORKING CONDITIONS
Business no longer has an infinite life. To keep large companies running, with a high numbers of
employees, involvement of the employees (both blue and white collar) and their ownership is
necessary. We have seen a number of examples where companies cease to exist as they are
unable to take this crucial step into consideration for their growth. We need to train our
employees and make sure they have the right skills for the job. Every employer needs to ensure
the safety and security of their employees and does not necessarily need government or union
interventions for the same. As an organization, taking into account the thoughts and ideas of
employees is as important as their technical skills. We need to develop an environment where the
employee not just focuses on his work but also contributes to the growth of the company and
hones his/her own skills. To this end, engagement of the workforce is of prime importance and
we run a number of programs to bring it to life. Few of them are enumerated hereunder:
We conduct employee engagement surveys at the management level as well as the workmen
level, to assess the employee morale and to bring to light any issue that he/she might be facing.
For work-men the frequency of survey is once in two years. These surveys are conducted on an
online system, set up by corporate team, where all levels of employees input their preferences on
a 70 question long survey. The results not only helps us gauge the satisfaction level of the
employees, but also work as a performance report for leadership effectiveness. Over the last few
years, we have managed to get a consistent 4 star rating (on a 5 pointer scale) which translates
into almost 80 percent employee satisfaction. Not only this, we wish to work on improving this
number year-on-year, with an action plan being made every quarter based on the feedback
received.
Our workforce consists of 50 to 60 percent of Gen X and Y. Hence, keeping the Millennials
engaged is of prime importance. Young Mahindra Program is the forum where youngsters
participate to form a parallel governing council. Here, they debate on company issues and come
up with solutions, while also participating in cultural programs and conduct initiatives. Their
recommendations are communicated through various programs that we run and are duly noted by
senior management.
Mahindra has a Rise i4 ideation program where teams and workmen are encouraged to give ideas
on improvement under the parameters of PQDSM (P-Productivity, Q-Quality, D-Delivery, S-
Safety and M-Moral). Every week, two hours are especially allotted for ideation for all teams
where they can brainstorm and discuss about how to bring about better productivity, reduce cost,
increase safety at their stage and sustainable operations. Points are given on the basis of these
parameters and there is a central competition for the best ideas given. There is a visible
projection of the participants in front of the entire sector which serves as a great recognition
platform. There is also an encouraging rewards and recognition program for the workmen inside
Mahindra Group, where they are awarded on the basis of their ideas by Sr. Management.
On a monthly, quarterly, 6-monthly and yearly basis, each product unit has a ‘Man of the Month’
which is an employee that stands out. The achievements of this individual are highlighted with
the team and his/her family is invited to join in the celebra-tion. This recognition is not just
limited at plant level but also at the sector level where we ensure to felicitate his/her spouse too
for their success. Hence this doubles up not only as a recognition platform but also as a family
engagement opportunity for Mahindra.
Every year, across the world there is a World Skill Competition wherein Mahindra has been
participat-ing regularly. Last year one of our employees got selected and he travelled to Germany
to participate at the international level and this year too we have another who would be
participating at the competi-tion being held at Brazil. We as a company have also started the
Mahindra Skill Excellence Program. We have identified the five core skills for our business and
hold competitions at 2 stages every year.
MOTIVATION FACTOR
Consumers do not buy products. They buy motive satisfaction or problem solutions. A person
does not buy a sofa set but he buys comfort. A person does not buy cosmetics but he buys hope
for looking good. Marketers therefore try to find the motives for buying, and build their products
and marketing mixes around these motives. A person may buy a product for a number of
motives. One of them could be rewarded for oneself or to self-indulge in them or for a
gift.Multiple motives are involved in consumption. Therefore, a marketer tries to find out:
Motivation in Marketing
The general objective of quality assurance department is to enhancement of product and service
quality and an increase of customer satisfaction. To achieve this objective, CQA should reach the
following goals. Continuous and consistent development, implementation and maintenance of
quality assurance management system Staff training and compliance with the requirements of the
quality assurance management Quality control over provided products and services in
accordance with The rules and Standards of the company Developing and making arrangements
for enhancing the quality of provided products and services Organizing and conducting internal
audit of the quality assurance management system Organizing and controlling corrective and
preventing actions of quality management Control over equipment and production process
control over product output Investigation of customer claims.
Logistics Dept.
The work of logistics department is to provide the inventory to the company. It ensures the
demand of a company and provide sufficient inventory to the company when required.
Production Dept.:
The work of production department is to ensure the market demand and
to produce the product according to it. So the measure concern of production department is the
quantity of the product that is demanded in market.
IT Dept.
The work of IT department is to ensure the connectivity of server to the computers and to check
the data of all computers with an audit. The audit takes after a constant period or suddenly to
check unused data.
PD&C (Product Development & Control) Dept.:
The phrase product development & control, according to the Organization for Economic Co-
operation and Development, refers to "creative work undertaken on a systematic basis in order to
increase the stock of knowledge, including knowledge of man, culture and society, and the use of
this stock of knowledge to devise new applications" New product design and development is
more often than not a crucial factor in the survival of a company. In an industry that is fast
changing, firms must continually revise their design and range of products. This is necessary due
to continuous technology change and development as well as other competitors and the changing
preference of customers.
Maintenance Dept.
The maintenance department ensures the working condition of machines in the company. Means
maintenance department work on the maintenance of machines used in production. It also
ensures the timing of plant of whole assembly line.
Punctuality (timeliness),
Maintaining proper Line and Staff Relationship with the seniors and subordinates (If
Any).
Don’ts-
Do not give an impression that you are doing the training just for the sake of it. Put your
heart and soul.
GOAL CLARITY
In general terms, the process of setting goals helps you choose where you want to go. By
knowing precisely what you want to achieve directionally, you know where you have to
concentrate your efforts and hopefully you will also quickly spot the distractions that would
otherwise lure you from your course.
To be able to even begin the journey of working towards a goal, we first need to ensure that we
have complete clarity. Goal clarity can be simply described as your ability to set a clear and
specific objective that all affected parties understand and can work towards achieving. The
important part of this definition is the word “specific.” A very broad or general goal won’t help
drive you or anyone else to succeed. If your goal is simply to “shape up,” that is not a well-
defined goal. It may be broadly accurate but is not helpful to describe what actually has to be
done and to give others a clear guide as to what is expected.
All goals need to be clear, concise and action-oriented and be expressed in such a way that there
can be little doubt about the specific outcome that is being sought. Unfortunately, we are less
likely to consistently set such specific goals. People generally tend to stick to the safe and secure
status quo and often fail to either get out of their comfort zone or convert loose language into
meaningful action-centered words. In others words, people can be lazy and express goals in
vague and ambiguous ways and think that they have told people what they need. These are often
called “soft” goals.
Soft goals stands for: S – Some, O – Other, F – Future, T – Time. In other words, on occasions
our goals are for show only or to achieve at a time in the future. In actual fact, ‘soft’ goals
usually mean that the person setting this goal may not be committed to getting a real result
or doesn’t really want to achieve any change or be held accountable for moving forward to a new
position or situation. It is therefore critical for any person who is going to be responsible for
making a change to clarify exactly what is expected and ensure that there is a clear mutual
understanding about what is to be done, by who and by when.
In Mahindra & Mahindra there is specified goal clarity for each and every employee. This
culture of setting some goals also helps in keeping the existing employees motivated.
The study set off findings’ presentation by illustrating the benefits of employee team work at
MAHINDRA as the first objective. Under this, reasons for use of team work were explored;
knowledge if respondents understood the term team work also looked at presented in following
paragraphs.
Showing responses on if respondents knew of the term employee team work.
The study sought of respondents to indicate if they knew the term employee team work. To this,
a close ended yes or no response question was administered. Findings revealed that all the study
participants conquered with having knowledge of the term employee team work and from table ,
94 %( 94) of them scored against a yes response as prior administered.
It should be re called that no single respondent was in objection to the statement hence a no
response had zero scores. Respondents threw more light on the term to justify their knowledge
by citing that team work is simply cooperation at the work place, others believed it is working in
groups that have same skill while some respondents argued it is working together to achieve the
common goal, some explained assisting each other by correcting errors enabling a colleague
prevent occurrence of errors in his department or area of specialty. Therefore following such
justifications the study realized respondents had some insight on the term team work thus were in
a good position to tell its relationship with performance of organizations.
Showing responses on if MAHINDRA’S employees work as a team.
The study went ahead to administer to respondents if MAHINDRA branch employees work as a
team. Results were interesting as presented in table, Accordingly majority of respondents
acknowledged that MAHINDRA branch employees work as a team and as indicated, 88% (88)
of respondents supported the statement. The response was backed by pointing out that when a
staff has many clients to attend to a colleague often lends a hand if he/she has fewer clients.
Also team work is displayed in things like taking ones for a client when they are not in position
to attend that day or when they sign out for lunch another colleague is there to attend on their
behalf hence they work as a team. On contrary 12%(12) signed against no response citing that
they do not figure out any team work taking place.
Yes
No
Showing reasons for employee working as a team
The study examined the reasons why employees work as a team. As presented in table 8,
respondents cited reasons like, reducing costs, encouraging efficiency and effectiveness, reduce
on employee mistakes, act as advertising, easy communication and promoting productivity as
well as others as reasons.
Findings reveal that 26 %( 26) respondents cited reducing on the cost as a reason for team work.
It was explained that costs of operation lower down when work is handled by many people and
the task is accomplished in shortest possible time. The study got informed that at MAHINDRA
failure to use team work could increase cost the organization. Accordingly when a team is at
work, clients are served and they get retained by the organization.
It is indicated also that 10 %( 10) of respondents pointed out efficiency and effectiveness as
reason for team work. It should be noted that efficiency is doing things right while effectiveness
is doing the right thing. Under team work things are done right and the right things are done due
to combining of skill and efforts. For instance when there is a technical problem with a staff’s
computer but has to serve the clients, another colleague staff can lend to put it right hence
customers are served.
Also highlighted were reducing employee mistakes. Table 8 shows that 22%(22) respondents
argued that teams help in training staff most especially new recruits. Such training ensures that
preventive techniques to likely mistakes are imparted in the new employee and when a signed
full responsibility, occurrence of mistakes is minimized. Similarly when employees work as a
team, a colleague easily alerts the other if a mistake is suspected to occur in nearby future, this
enables company to avoid costs.
According to 14%( 14) respondents, team work helps in advertising the company. It helps in
winning more clients when they hear about the togetherness in accomplishing tasks as well as the
precision in handling customer queries is concerned. It was added this practice enables the
company to sell its name hence being advertised in the public.
Team work according to 16%(16) respondents is applied due to reason of easy communication in
the organization. Where there is team work, “says the manager of MAHINDRA”, there is easy
flow of instructions where by information is passed on to only a team member and the
information flows to others freely.
Generally team work enables productivity at work place and ensures satisfaction to clients. Team
work enhances division of labour, tasks get accomplished with zeal in short time, large volume
of work is handled and according to 8%(08) respondents productivity is high. Other reasons for
working as a team were cited. Table 8 shows that 04% (04) of respondents cited employee
motivation when they back up, training of new skills where a colleague discover a skill, shares it
with other members hence leading to a multi-skilled staff to the organization. Relationship
between employee team work and performance of MAHINDRA.
The study in abid to exhaust the research objectives fully, a ascertained the relationship between
employee team work and performance of MAHINDRA. Under this it was sought of respondents
if employee team work has influence on the profit level, further the kind of relationship if any
was established, trend of sales performance examined as well as relationship between team work
and performance of MAHINDRA.
Showing responses on if employee team work has influence on the profit level
According to table, a yes or no close ended response question was administered to respondents to
know if employee team work has an influence on the profit level. Findings, revealed that
employee team work has an influence on profit levels, basing on table, 85%(85) of study
participants conquer with the view. In addition the respondents went a head to justify by
identifying the kind of influence they were meaning. In table, respondents cited a positive and
negative influence
Mahindra & Mahindra Ltd,” critically examines “Operational Challenges in Logistics”. This has
helped to understand the process of Logistics management and challenges faced by the company.
The study tries to identify the problems and challenges faced by the company and still getting
profit and shining like a bright star. The study provides suggestions to the company to address
the challenges and appeal to the company that they shall try to maintain good customer service
and quality service. From this study it is clear that Mahindra & Mahindra has well experienced
dealers’ wing, which care their customers very efficiently. In some areas they are facing some
issues which can be easily solved through necessary steps. Apart from The study conducted at
Mahindra & Mahindra Ltd on the topic “MARKETING STRATEGY of these, Mahindra &
Mahindra is excellent rated.
Mahindra and Mahindra is maintaining strong business relations which has promoted
dealers’ loyalty, retention and more collaboration between businesses in the supply chain.
All of the Mahindra dealers are satisfied and have trust in Mahindra’s concern about the
business. This is one of the reasons behind Mahindra keeping their market leadership in
this dynamic market.
Most of the dealers are happy with the service quality rendered by M&M. It is clear that
the company is maintaining a constant relationship with its dealers.
80% of the dealers prefer customers are satisfied with the services provided my Mahindra
and Mahindra.
80% of the dealers are happy with the usage of present mode of transportation in various
fields of mahindras and the company is able to meet the dealers’ demand on time.
M&M collects no extra charges from their dealers to meet their necessary demands even
if it is without prior notification. The company is more focused on retaining its customers
by meeting their demand and thereby making them loyal rather than making extra profit.
The company is more focused on maintaining quality, be responsible and flexible to the
customer they deal with.
About 60% of the dealers have rated excellent the way M & M are handling their
complaints.
Most of the customers are satisfied with the service provided by the company.
About 75% of the customers find M&M as exceptionally performing well and is different
in every way when compared to the competitors.
CONCLUSION
The study done by me tries to find the latest tricks, and ideas to generate the profit for company.
How the pressure is managed in certain circumstances like, how to increase sales at any cost
when asked. I have learned how the customer is satisfied because of various efforts of various
people who are working 24x7 to make M&M better in all the possible ways.
M&M had seen radical change for the better not only in its functions but also in its results.
SUGGESTIONS
During the survey I found this by organizing information and there are some suggestions
listed below.
M&M company needs additional sales promotional activities like organizing exhibitions,
fairs issuing catalogues and broaches, display and demonstration etc.
Dealer of any product or service must attract consumers by giving them special attention,
reduction in prices at the time of festivals.
If we talk about automobiles, Mahindra tractors are restricted only to red color, company
need to change, especially metallic color.
Dealer/Sales manager requires conducting meetings conventions and conferences, and
they should train their sales force by giving them some sales target in every field.
Employees need to stay motivated in terms of incentives and fixed bonus as well.
Dealer should personally take care of consumers as it is noticed that there are many
unsatisfied consumers just because of response given by the service personnel at the time
general checkup.
Sales service and after sales service should increase to excellent level which will add the
company’s brand image.
QUESTIONNAIRE
E-Mail - …………………...
5. Do you think that cars and bikes of Mahindra can attract today’s
generations?
Yes No
8. New technologies such as Bluetooth, DIS, Reverse parking sensor are given
in the new Logan- is it good & going to make you feel comfortable while
driving?
Excellent Very Good
Good Average
Bad
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