Hyundai Motars
Hyundai Motars
Hyundai Motars
TABLE OF CONTENTS
RESEARCHMETHODOLOGY............................................................................................... 59-69
RESEARCH REPORT
PROCEDURE
RESEARCH DESIGN.
DATA COLLECTION METHOD
SAMPLING
DATA ANALYSIS................................................................................................................... 70-85
FINDINGS.................................................................................................................................. 86-87
CONCLUSIONS........................................................................................................................... 88-89
SUGGESTIONS............................................................................................................................ 90-91
LIMITATIONS............................................................................................................................. 92-93
ANNEXURE................................................................................................................................. 94-102
QUESTIONAIRE
BIBLIOGRAPHY
OBJECTIVES OF THE STUDY
(I) To introspect into the satisfaction level of customers with respect to Hyundai motors.
(II) To find out the satisfaction level of customers about services provided by Hyundai
motors.
(III) To find out why customers preferred Hyundai motors Product in that Category of
other cars.
The topic has been already given by the company to collect information about
Current happening in the market. It also helps to makes improvements in service and
quality of the product, for their long time existence in the market and getting profit.
Simultaneously, it was also helpful for me to learn the channel of Distribution and
observe the demand of particular products.
COMPANY PROFILE
A Korean: division of the Hyundai Kia Automotive Group, is the world’s fourth largest
automaker in terms of units sold[2] and one of the Big Asian Four (with Toyota, Honda and
Nissan).[3] Headquartered in Seoul, South Korea, Hyundai operates the world’s largest
integrated automobile manufacturing facility in Ulsan, which is capable of producing 1.6
million units annually. The Hyundai logo, a slanted, stylized 'H', is said to be symbolic of two
people (the company and customer) shaking hands. Hyundai means "modernity" in Korean.
The company’s success is driven by the commitment of approximately 150,000 employees in
more than assembly plants, Hyundai vehicles are sold in 198 countries through some 8,000
dealerships and showrooms worldwide.
History
Chung Ju-Yung founded the Hyundai Engineering and Construction Company in 1947.
Hyundai Motor Company was later established in 1967. The company’s first model, the
Cortina, was released in cooperation with Ford Motor Company in 1968. In 1975, the Pony,
the first Korean car, was released, with styling by Giorgio Giugiaro of ItalDesign and power
train technology provided by Japan’s Mitsubishi Motors. Exports began in the following year
to Ecuador and soon thereafter to the Benelux countries. In 1991, the company succeeded in
developing its first proprietary gasoline engine, the four-cylinder Alpha, and transmission,
thus paving the way for technological independence.
In 1986, Hyundai began to sell cars in the United States, and the Excel was nominated as
"Best Product #10" by Fortune magazine, largely because of its affordability. The company
began to produce models with its own technology in 1988, beginning with the midsize
Sonata.
In 1996, Hyundai Motors India Limited was established with a production plant in
Irrungattukatoi near Chennai, India.[4]
In 1998, Hyundai began to overhaul its image in an attempt to establish itself as a world-class
brand. Chung Ju Yung transferred leadership of Hyundai Motor to his son, Chung Mong Koo,
in 1999.[5] Hyundai's parent company, Hyundai Motor Group, invested heavily in the quality,
design, manufacturing, and long-term research of its vehicles. It added a 10-year or 100,000-
mile (160,000 km) warranty to cars sold in the United States and launched an aggressive
marketing campaign.
In 2004, Hyundai was ranked second in "initial quality" in a survey/study by J.D. Power and
Associates. Hyundai is now one of the top 100 most valuable brands worldwide. Since 2002,
Hyundai has also been one of the worldwide official sponsors of the FIFA World Cup.
In 2006, the South Korean government initiated an investigation of Chung Mong Koo's
practices as head of Hyundai, suspecting him of corruption. On April 28, 2006, Chung was
arrested, and charged for embezzlement of 100 billion South Korean won (US$106 million),
[6]
with Hyundai Vice Chairman and CEO, Kim Dong-jin, taking over as head of the
company.
Business
Assembly line at Hyundai Motor Company’s car factory in Ulsan, South Korea
See also: Hyundai
In 1998, after a shake-up in the Korean auto industry caused by overambitious expansion and
the Asian financial crisis, Hyundai acquired rival Kia Motors. In 2000, the company
established a strategic alliance with DaimlerChrysler and severed its partnership with the
Hyundai Group. In 2001, the Daimler-Hyundai Truck Corporation was formed. In 2004,
however, DaimlerChrysler divested its interest in the company by selling its 10.5% stake for
$900 million.
Hyundai has invested in manufacturing plants in the North America, China, Czech Republic,
Pakistan, India, and Turkey as well as research and development centers in Europe, India,
North America, and Japan. In 2004, Hyundai Motor Company had $57.2 billion in sales in
South Korea making it the country’s second largest corporation, or chaebol. Worldwide sales
in 2005 reached 2,533,695 units, an 11 percent increase over the previous year. Hyundai has
set as its 2006 target worldwide sales of 2.7 million units (excluding exports of CKD kits).
Hyundai motor vehicles are sold in 198 countries through some 8,000 dealerships and
showrooms. After a recent survey of global automotive sales by Automotive News, Hyundai
is now the tenth largest automaker in the world as of 2007.[7]
Hyundai Motor Company’s brand power continues to rise as it was ranked 72nd in the 2007
Best Global Brands by Interbrand and BusinessWeek survey. brand value estimated at $4.5
billion. Public perception of the Hyundai brand has been transformed as a result of dramatic
improvements in the quality of Hyundai vehicles.
Hyundai entered the United States market in 1986 with a single model, the Hyundai Excel.
The Excel was offered in a variety of trims and body styles. That year, Hyundai set a record
of selling the most automobiles in its first year of business in the United States compared to
any other car brand (c. 126,000 vehicles).
Initially well received, the Excel’s faults soon became apparent; cost-cutting measures caused
reliability to suffer. With an increasingly poor reputation for quality, Hyundai sales
plummeted, and many dealerships either earned their profits on repairs or abandoned the
product. At one point, Hyundai became the butt of many jokes (i.e. Hyundai stands for "Hope
you understand nothing's drivable and inexpensive") and even made David Letterman's Top
Ten Hilarious Mischief Night Pranks To Play In Space: #8 - Paste a "Hyundai" logo on the
main control panel.
In response, the parent company of Hyundai began investing heavily in the quality, design,
manufacturing, and long-term research of its vehicles. It added a 10-year or 100,000-mile
(160,000 km) powertrain warranty (known as the Hyundai challenge) to its vehicles sold in
the United States. By 2004, sales had dramatically increased, and the reputation of Hyundai
cars improved. In 2004, Hyundai tied with Honda for initial brand quality in a survey/study
from J.D. Power and Associates, for having 102 problems per 100 vehicles. This made
Hyundai second in the industry, only behind Toyota, for initial vehicle quality. The company
continued this tradition by placing third overall in J.D. Power's 2006 Initial Quality Survey,
behind only Porsche and Lexus.
Hyundai continues to invest heavily in its American operations as its cars grow in popularity.
In 1990, Hyundai established the Hyundai Design Center in Fountain Valley, California. The
center moved to a new $30 million facility in Irvine, California in 2003, and was renamed the
Hyundai Kia Motors Design and Technical Center. Besides the design studio, the facility also
housed Hyundai America Technical Center, Inc. (HATCI, established in 1986), a subsidiary
responsible for all engineering activities in the U.S. for Hyundai. Hyundai America Technical
Center moved to its new 200,000-square-foot (19,000 m 2), $117 million headquarters in
Superior Township, Michigan (near Ann Arbor) in 2005. Later that same year, HATCI
announced that it would be expanding its technical operations in Michigan and hiring 600
additional engineers and other technical employees over a period of five years. The center
also has employees in California and Alabama.
In 2006, J.D. Power and Associates' quality ranking, overall the Hyundai brand ranked 3rd,
just behind Porsche and Lexus, and beating long time rival Toyota.[14] The brand overall is
ranked much higher than the average industry and resale value continues to improve; a
comparable 2003 Hyundai Sonata sedan ranks just $2200 below a similarly equipped Honda
Accord, according to Kelley Blue Book Pricing 2006.
In 2006, the Hyundai Entourage minivan earned a five-star safety rating – the highest honor
the National Highway Traffic Safety Administration bestows – for all seating positions in
frontal and side-impact crashes. The Insurance Institute for Highway Safety also rates
“Good” – its highest rating – in front, side and rear impacts. The IIHS (Insurance Institute for
Highway Safety, United States), in fact, named the 2006 Hyundai Entourage and Kia Sedona
a “Gold Top Safety Pick,” making the safest minivan ever tested.
In 2006, Hyundai was awarded 'Top-rated 2006 Ideal Vehicle' by Autopacific, Marketing
research and consultancy firm for the automobile industry.
In 2007 Strategic Vision Total Quality Awards, Hyundai Motors leads the most vehicle
segments in Strategic Vision’s Total Quality Index, measuring the ownership experience.
They attempt to measure more than just the number of problems per vehicle. Hyundai tops in
Strategic Vision Total Quality Awards. For the first time ever, Hyundai has risen to share the
position of having the most models leading a segment. three models with the top Total
Quality Index (TQI) score in their segments, including the Hyundai Azera, Entourage, Santa
Fe.[19][20]
In 2007, Hyundai's midsize SUV Santa Fe earns 2007 TOP SAFETY PICK award by IIHS.
[21][22]
In 2007 at the New York International Auto Show, Hyundai unveiled its V8 rear-drive luxury
sedan called Concept Genesis to be slotted above the Azera in the Hyundai line-up. This
concept will make its American debut in mid 2008. The Genesis reintroduced rear-wheel
drive to the Hyundai range following a long period of only producing front-wheel drive cars.
[23]
In 2007 at the Los Angeles International Auto Show, Hyundai unveiled its second rear-drive
concept car, this car, called Concept Genesis Coupe, will be Hyundai’s first sports car due to
make its debut in early 2009.[24]
In 2008, Hyundai Santa Fe and Hyundai Elantra were awarded 2008 Consumer Reports "top
picks". The magazine's annual ratings, based on road tests and predicted safety and reliability
are considered highly influential among consumers. [25] Hyundai Elantra was Consumer
Reports' top-ranked 2008 vehicle among 19 other compacts and small family cars, beating
out Honda Civic, Toyota Corolla and Toyota Prius.[26]
In 2008, at the North American International Auto Show, the production version of the luxury
& performance-oriented Hyundai Genesis sedan made its debut, dealerships will have the
Genesis as soon as Summer 2008. In 2008, at the New York International Auto Show,
Hyundai debuted its production version of the performance-oriented rear-drive Hyundai
Genesis Coupe, slated to hit dealerships in early 2009.
In 2009 Hyundai announced the five-door hatchback variant of the Elantra compact sedan
[27]
will carry the name Elantra Touring when it goes on sale in the spring as a 2009 model.
In 2009, The Hyundai Genesis, Luxury Sedan, has been named 2009 North American Car of
the Year, the first for Hyundai.[28] The Genesis has received a number of well-recognized
automobile awards worldwide. It also won the 2009 Canadian Car of the Year after winning
its category of Best New Luxury Car under $50,000.[29] The Hyundai's V8 Tau engine in the
Genesis, which develops 375 hp (280 kW) on premium fuel and 368 hp (274 kW) on regular
fuel, received 2009 Ward's 10 Best Engines award.[30]
In 2009, 6 models of Hyundai/Kia cars earned Top Safety Award by IIHS, better than
Nissan/Infiniti. [31]
US sales
Calendar Year Sales
2006[33] 244,391
2007 346,235
[34]
2008 375,119
2009 400,221
2010[35] 418,615
2011 455,012
2012 455,520
2013[36] 467,009
2014 401,742
Hyundai In India
Hyundai is currently the second largest carmaker and largest auto exporter in India.[37] It is
making India the global manufacturing base for small cars. Hyundai sells several models in
India as of the 2009 model year, one of the most popular being the i10 and the i20. Other
models include Santro, Getz, Accent, second generation Verna, Tucson, Elantra, and the
Sonata.
Hyundai in Europe
On November 2008, Hyundai opened its European plant in Nošovice, Czech Republic,
following an investment of over 1 billion euros and over two years of construction. [38][39] The
plant, which mainly manufactures the i30 for the European market, has an annual capacity of
200,000 cars.[40] The new Hyundai plant is 90 kilometers north of Kia Motors' plant in Žilina,
Slovakia.
Hyundai in China
Hyundai and Kia Motors are currently ranked second in the passenger car market in China,
just behind Volkswagen. To meet the increasing demand for their cars in the country, Hyundai
will spend US$800 million on a third plant, which will be located in Beijing. Expected to
open by 2011, the new plant will have an annual capacity of 300,000 units.[41]
Hyundai in Japan
Despite having growing sales worldwide, Hyundai struggled in Japan, having sold only
15,000 passenger cars from 2001 to 2009. As a result of poor sales, Hyundai announced on
November 2009 that they will pull their passenger car division out of the Japanese market and
focus on their commercial vehicle division instead.[42]
Electric vehicles
Main article: Electric vehicle
Hyundai plans to begin producing hybrid electric vehicles in 2009. The Avante will be the
first vehicle to be produced.[43]
Since 2004, Hyundai has supplied about 3,000 hybrid versions of its Getz and Accent small
cars to government fleets as part of a testing program. The automaker cites a lack of local tax
benefits for purchasing hybrids as a barrier to its hybrid development program. But Hyundai
expects the tax situation to change in 2009.[43]
The new hybrid electric Sonata will make its debut at the Los Angeles International Auto
Show in November 2008. Hyundai expects to release it in the U.S. market in 2010, featuring
lithium-ion battery technology.[44]
Environmental record
On April 23, 2008 Hyundai Motor announced the beginning of a five-year project to turn
50 km² of infertile land into grassland by 2012. Hyundai is doing so with the help of the
Korean Federation for Environmental Movement (KFEM). The project, named Hyundai
Green Zone, is located 660 km north of Beijing. The goal of the project is to end the recurring
dust storms in Beijing, block desertification and protect the local ecosystem. Local weeds
will be planted in the region that have the ability to endure sterile alkaline soil. This is the
first environmental project of the company’s social contribution program.[45][46]
Hyundai Motor plans to aid Chevron Corporation in the construction of up to six hydrogen
fueling stations that will be located in California, including locations at the University of
California-Davis and the Hyundai America Technical Center in Chino. Hyundai is going to
provide a collection of 32 Tucson fuel cell vehicles, which are powered by UTC Fuel Cell
power plants.
Motorsport
Hyundai entered motorsport by competing in the F2 class of the World Rally Championship
in 1998 and 1999. In September 1999, Hyundai unveiled the Accent WRC, a World Rally Car
based on the Hyundai Accent. The Hyundai World Rally Team debuted the car at the 2000
Swedish Rally and achieved their first top-ten result at that year's Rally Argentina, when
Alister McRae and Kenneth Eriksson finished seventh and eighth, respectively. Eriksson later
drove the car to fifth place in New Zealand and fourth in Australia. In 2001, Hyundai debuted
a new evolution of the Accent WRC, which was intended to improve reliability, but the
performance of the car was still not good enough to challenge the four big teams (Ford World
Rally Team, Mitsubishi, Peugeot and Subaru). However, at the season-ending Rally GB, the
team achieved their best result with McRae finishing fourth and Eriksson sixth.
For the 2002 season, Hyundai hired the four-time world champion Juha Kankkunen, along
with Freddy Loix and Armin Schwarz. Kankkunen's fifth place in New Zealand was the
team's best result, but they managed to edge out Škoda and Mitsubishi by one point in the
battle for fourth place in the manufacturers' world championship. In September 2003, after a
season hampered by budget constraints, Hyundai announced withdrawal from the WRC and
planned to return in 2006, this has never happened though.[48]
In 2006, following the announcement that Korea was scheduled to earn a Formula 1 Grand
Prix race, Hyundai announced that they plan to enter the sport.
Electric propulsion
Hyundai plans begin producing hybrid electric vehicles in 2009. They are going to use
Hybrid Blue Drive, that includes lithium polymer batteries, instead of lithium-ion. The
Avante will be the first vehicle to be produced. Other are the Santa Fe Hybrid, the Elantra,
Sonata Hybrid (to the U.S. market in 2010) and the Hyundai i20, which will replace the
Hyundai Getz. Hyundai BLUE-WILL is a plug-in hybrid.
Hyundai's 6th manufacturing unit outside the parent country, is also the group's largest
overseas production base. Even as the project was being conceptualized, Hyundai Motors
India Ltd.(HMIL) was always going to play an important role in Hyundai Motors
Company's international operations.
That the company is fully owned by the parent group and the integrated unit at
Sriperambudur can today roll out cars with almost 85% localized
content, bears testimony that the Indian operations have been put down to
play an important role in Hyundai's goal for the 21st century - to be joint
the ranks of the GT-10 (Group 10) Companies.
The Infrastructure
The Hyundai India plant located in Irungattukottai, 30 kilometers from Chennai was built in
record time. The plant is first self-sufficient manufacturing unit in India to be independently
invested by an overseas automobile company. Incorporated in May 1996, the groundbreaking
ceremony for the Chennai plant was held in December in the same year, and the first pilot
Santro was ready in a record-breaking 17 months.
The plant which stands on a 500+acre plot has been built with an initial investment of more
than Rs. 2500 crores. It has a capacity to make 120,000 cars and 130,000 engine
transmission units per annum and is the largest overseas investment made by the
Korean Company.
HMIL commenced operations with 70%-localized content, which is one of the highest
amongst all car manufacturers. The entire powertrain and the body panels are made in-house
and the integrated manufacturing setup at the Hyundai Motors Chennai plants consists of:
Hyundai has brought in 14 Korean companies and helped them setup base in India for
sourcing components. The total vendor base consists of 60 companies located at the plant site
itself. HMIL aims to increase localized content to over 90% in the millennium.
Present
Although the HMIL is said to have initially planned to launch their Indian operation with a
car for the mid-sized segment, the company changed policies and introduced the Santro for
the small car market. A decision which in hindsight, seems to have paid handsome dividends.
A formal study was commissioned by Hyundai prior to the launch of the Santro, to gauge the
- as Mr. BVR Subbu, Director Marketing & Sales says - "stated and not-so-stated" needs of
the Indian small car buyer. Several factors right from the design of the
car, the cooling of the AC, and the dealer network have been on the basis
of the study so as to present to the people the kind of car that they want
and need. The Santro has been designed by in-house Hyundai expertise.
Modeled on the Hyundai Atos, the Mercedes A140 and Suzuki's Wagon R, and then
customized to Indian tastes, the Santro takes the best of all th
Atos, the safety & design of the Mercedes A140, and
The Santro (which is available in three variants - the L2, GLS1 and GLS2) was launched in September 1998,
sales of 30,000 vehicles in the last eight months HMIL seems to be fairly on target.
The monthly sales of the Santro (from October 98 to August '99 are given below)
Month Oct Nov Dec Jan Feb Mar Apr May June
Units 1123 3444 3881 2753 2157 4290 3531 4519 4634
Month July August Hyundai Santro has captured 30%of the market share in the small car
Units 4,9497002 segment and 10% in the overall auto industy
PRODUCT PROFILE
SANTRO Xing
No. of Cylinders 4
Displacement (cc) 1086 1341
Maximum Power (ps/rpm) 66.6/5500 82.9/5500
Max. Torque (kgm/rpm) 10.4/3200 11.8/3200
Front Discs
Rear Drum
155/80R13 175/70R13
(GLE, GVS)(GLS)
Size
175/70R13(GVS175/65R14
Option) (GLX)
Hyundai Verna
PETROL
Type ManualManualAutomatic
Overall
Length (mm) 4,310
Overall
Width (mm) 1,695
Overall 1,490
Height (mm) (
Wheelbase
2,500
Fuel Tank
45
Capacity (L)
Min. Ground
Clearance
170
(mm)
175/70 175/70 185/65
R14 (1.6R14 (1.5R14
VTVT) CRDi
185/65 VGT)
Tyres
R14 (1.6185/65
SX R14 (1.5
VTVT) SX CRDi
VGT)
Displacement1,599 Max.Power103.2
1,493
(ps / rpm)5,500 /
110 / 4,000
/
Max. Torque14.9
24 / 1,900~2,750
(kgm / rpm) 3,000
Max.Power5Speed5Speed4Speed (ps / rpm)ManualManualAutomatic
TypePower assisted Rack & Pinion
2.4
Model Designation 2.0 CRDi VGT 2.0 CRDi VGT
VTVT
No. of Cylinders 4-Cylinder
Fuel system MPFI CRDi CRDi
Displacement (cc) 2359 1991 1991
5 - Speed
Transmission 6 - Speed Manual 4 - Speed H-Matic
Manual
Type Alloy
Wheels 6.5 J X 16
Tyres 215/60 R16 (Tubeless)
HYUNDAI TUCSON
Disc, Rear S
Hyundai Accent
Accent
Executive
No. of Cylinder 4
Displacement (CC) 1495
Tata Motors
Maruti Suzuki
Ford India
Fiat India
Honda India
HISTORY OF AUTOMOBILE INDUSTRY
The automobile as we know it was not invented in a single day
by a single inventor. The history of the automobile reflects an evolution that took place
worldwide. It is estimated that over 100,000 patents created the modern automobile.
However, we can point to the many firsts that occurred along the way. Starting with the first
theoretical plans for a motor vehicle that had been drawn up by both Leonardo da Vinci and
Isaac Newton
In 1769, the very first self-propelled road vehicle was a military tractor invented by French
engineer and mechanic, Nicolas Joseph Cugnot (1725 - 1804). Cugnot used a steam engine to
power his vehicle, built under his instructions at the Paris Arsenal by mechanic Brezin. It was
used by the French Army to haul artillery at a whopping speed of 2 1/2 mph on only three
wheels. The vehicle had to stop every ten to fifteen minutes to build up steam power. The
steam engine and boiler were separate from the rest of the vehicle and placed in the front (see
engraving above). The following year (1770), Cugnot built a steam-powered tricycle that
carried four passengers.
In 1771, Cugnot drove one of his road vehicles into a stone wall, making Cugnot the
first person to get into a motor vehicle accident. This was the beginning of bad luck for the
inventor. After one of Cugnot's patrons died and the other was exiled, the money for Cugnot's
road vehicle experiments ended.
1960's
Major factors affecting the industry's structure were the implementation of MRTP Act,
FERA and Oil Shocks of 1973 and 1979.
During this decade there was not much change in the four wheeler industry except the
entry of Sipani Automobiles in the small car market.
Oil Shock of 1973 quickened the process of dieselization of the Commercial Vehicle
segment.
Three other companies, namely, Kirloskar Ghatge Patil Auto Ltd, Indian Automotive
Ltd and Sen & Pandit Engg products Ltd entered the market during 1971-75. They
ultimately withdrew in early eighties.
During the seventies the economy was in bad shape. This and many specific problems
affected the Automobile Industry adversely.
1990's
Mass Emission Norms were introduced for in 1991 for Petrol Vehicles and in 1992 for
Diesel Vehicles.
In 1991 new Industrial Policy was announced. It was the death of the License Raj and
the Automobile Industry was allowed to expand.
The automobile industry, one of the core sectors, has undergone metamorphosis with
the advent of new business and manufacturing practices in the light of liberalization and
globalization. The sector seems to be optimistic of posting strong sales in the next couple of
years in view of a reasonable surge in demand.
The Indian automobile market is gearing towards having international standards to
meet the needs of the global automobile giants and become a global hub. Players are
strategizing to consolidate their position and gradually increase market penetration with the
launch of new models, targeting different segments. Since the sector is price driven, huge
investment is envisaged to remain competitive through cost advantage, for which
indigenization is highly important. The product becomes dearer if it is manufactured using
imported parts. IT in the automobile sector plays a crucial role.. Some players are working
towards development of efficient production systems that control the entire production
process with high precision and accuracy. Such systems working on real time operating
systems allow efficient control of different parts of manufacturing and production. It is
essential to leverage skills of different engineering disciplines to build these kinds of
integrated systems.
India had its date with this wonderful vehicle first time in 1898. Then for the next
fifty years, cars were imported to satisfy domestic demand. Between 1910 and 20's the
automobile industry made a humble beginning by setting up assembly plants in Mumbai,
Calcutta and Chennai. The import/assembly of vehicles grew consistently after the 1920's,
crossing the 30,000 mark in 1930. In 1946, Premier Automobile Ltd (PAL) earned the
distinction of manufacturing the first car in the country by assembling 'Dodge DeSoto' and
'Plymouth' cars at its Kurla plant. Hindustan Motors (HM), which started as a manufacturer of
auto components graduated to manufacture cars in 1949. Thanks to the Licence Raj which
restricted foreign competitors to enter the Indian car market, Indian roads were ruled by
Ambassador Car from Hindustan Motors and the Fiat from Premier Auto Ltd. for many of the
initial years.
Apart from strong economic growth in all sectors, low interest rate regime, normal
monsoon, continued infrastructure investment, fiscal measures like cut in excise duty (in case
of cars), etc provided impetus for the growth. The year also saw a sharp 56% rise in export
volumes with all the sectors registering more than 40% growth, signalling the
rising international competitiveness of the industry.
Profitability improvements were recorded in companies across segments driven by rise
in volumes and lower interest costs to some extent, notwithstanding the rise in prices of
certain inputs like steel.
Though the peak customs duty had been reduced to 20% in January 2004 and Special
Additional Duty was abolished, the domestic industry still enjoys adequate protection, with
no import threats. The potential borne by the industry is well exhibited by the growing
number of international players setting up base in India and increasing
competitiveness in the industry.
Many companies have entered the car manufacturing sector, to tap the middle and
premium end of car industry.
VISION
To establish a globally competitive automotive industry in India and to double its
contribution to the economy by 2010.
POLICY
OBJECTIVES
This policy aims to promote integrated, phased, enduring and self-sustained growth of the
Indian automotive industry. The objectives are to:-
Exalt the sector as a lever of industrial growth and employment and to achieve a high
degree of value addition in the country;
Promote a globally competitive automotive industry and emerge as a global source for
auto components;
Establish an international hub for manufacturing small, affordable passenger cars and
a key center for manufacturing Tractors and Two-wheelers in the world;
Ensure a balanced transition to open trade at a minimal risk to the Indian economy
and local industry;
Conduce incessant modernization of the industry and facilitate indigenous design,
research and development;
Steer India's software industry into automotive technology;
Assist development of vehicles propelled by alternate energy sources;
Development of domestic safety and environmental standards at par with international
standards.
SIAM welcomed the announcement of Auto Policy, and feels that the policy would serve as a
reference document for all stake holders and other interested parties.
The Auto Policy has spelt out the direction of growth for the auto sector in India and
addresses most concerns of the automobile sector, including-
The policy has rightly recognised the need for modernising the parc profile of vehicles to
arrest degradation of air quality. The terminal life policy for commercial vehicles and move
toward international taxing policies linked to age of vehicles, are steps in the right direction.
SIAM has always been advocating encouragement of value addition within the country
against mere trading activity. However, this aspect has not been fully addressed. The Auto
Policy allows automatic approval for foreign equity investment upto 100% in the automotive
sector and does not lay down any minimum investment criteria.
The recommendation of promoting passenger cars of length upto 3.8 meters through excise
benefits is not in line with the free market concept and may lead to market distortion.
However, with the Auto Policy in place, the automotive industry would get further fillip to
become vibrant and globally competitive. The industry would get the required support from
other Ministries and departments of Government of India in achieving the goals laid down in
the auto policy
INDIAN AUTOMOBILE INDUSTRY
An Indian car as one which has been conceived and designed in India, has at least
85% of its components 'Made in India', by an Indian company. The Indian passenger car
industry as we see today is relatively recent in origins. Except the ubiquitous Ambassador
and the Premier Padmini there was not much moving around with an Indian tag.
Starting with the official one, i.e. Maruti, the company, since its inception has
changed the automobile scene in India completely. It's has been the number one
manufacturer, churning out close to 300,000 cars last year. At last count it held a 64% market
share in the passenger car market with four out of every five cars . on Indian roads being
Marutis. Every year it rakes in multi-billion rupee profits, and, yet the company is nothing
more than Suzuki India Ltd.
Telco is a completely Indian carmaker with no major foreign collaborations. Their
Indica was much touted as 'The Indian car', but it was styled by I.D.E.A of Italy. The engine
technology had inputs from 'Moteur Modern' of France. In effect it was the case of an Italian
body being wrapped around Indian mechanicals. Frankly I would have preferred an Indian
body wrapping an Indian platform.
India is also the largest manufacturer of agricultural tractors, motor scooters and the
world's fifth largest commercial vehicle manufacturer. Each of these sectors experienced
rapid growth during the last three years Demand in these sectors is driven by industrial,
individual and agricultural consumers respectively. The increases have resulted from
improved overall economic trends in India including large doses of foreign investment a more
liberalized economy and higher productivity.
The fortune of the Auto component industry is inextricably linked with that of the
automobile industry which in turn is influenced by the general economic trends of the country
the country's economic growth is projected to grow at more than six percent per annum in the
coming years. The estimated growth will automatically emphasize the need for better
transport infrastructure facilities. This means demand for automobiles and hence for auto
components, is bound to grow accordingly. Therefore, good growth prospects are assured for
the automobile industry.
World-wide, cars are segmented on the basis of their size. However, in India, price is the
main factor determining the choice of car. Hence, cars are segmented on the basis of price
into three segments :
Price Approximate
Features of
Segment Range Main Models Market Share of
the segment
(Rs. ‘000) the Segment
M-800, Omni,
Price, Fuel
Economy < 250 Uno, 46.9%
Efficiency
Ambassador
Zen, Uno, 118-
NE,Ambassador Price,
1800 ISZ, Performance,
Medium 250-500 43.1%
Contessa, Diesel
Indica, Santro, Option
Matiz
Lancer, Esteem,
Status Value,
500 & Cielo, Accent,
Premium Performance, 10.1%
above City, Opel
Features.
Astra, Ikon
Sources : various sources
sportation system and rising income levels have resulted in personal vehicles becoming an important mode of transportatio
areas. By international standards however, the Indian car volumes remain small at just over
1% of the world market with penetration rates of approximately 3.7 cars per thousand people
as against 24 in Thailand, 144 in Malaysia, 204 in Poland and 90 in Brazil. Cars currently
constitute approximately 12% of the total stock of personal vehicles in India.
Opportunities for the Automobile Industry
Global automobile companies are setting up manufacturing facilities in India. Also,
many Indian automobile manufacturers have announced their plans to increase the export of
vehicles from India. The year 2002-03 has already seen a significant 65% increase in export
volumes during the period April to March. This trend is expected to continue with more
global OEMs sourcing vehicles from their Indian plants.
Additionally, the introduction of newer technologies such as Electronic Diesel
Control Systems to reduce emission levels, safety devices such as Air Bags, Anti-lock
Braking Systems, etc. augur well for the Company and the automotive sector as a whole.
These technologies not only offer increased safety for drivers and passengers, but also result
in greater comfort and better drivability.
While there exist many opportunities for growth in business, there are also quite a few
factors, which act as an impediment.
In my last year’s speech I mentioned about the need for a well thought out and clearly
defined policy on emission norms. It is now fairly certain that Bharat Stage II norms
(equivalent of Euro II norms) will be implemented countrywide starting 2005. It is important
that this plan is implemented in time in the interest of a cleaner environment. Technology is
available to meet the advanced emission norms using gasoline and diesel fuel; Bosch and
many other companies have proved this worldwide. There is no need for the authorities to
specify the type of technical solution required for this purpose as long as the end objectives
are met.
The spurious and reconditioned goods market, which I also dealt with in detail in my
speech last year, continues to be a worrying factor as it directly affects our market share. The
Company on its part has intensified the anti-spurious operations by conducting several raids
across the country with the help of local regulatory authorities. Large quantities of spurious
and fake products have been seized and legal action has been taken against those indulging in
such activities. The Company believes that continued focus and concerted action against
spurious activities would improve safety and fuel efficiency of the vehicles and at the same
time help in expanding our market share in the Aftermarket. The Company is also
continuously educating the users about the benefits of using genuine spares in place of
spurious and reconditioned spares.
The lack of any significant change in the labor law reforms also continues to be a
matter of concern. It is essential that legal reforms be put in place at the earliest to provide
more flexibility in manufacturing operations and enable the industry to quickly adjust the
work force in line with fluctuating market conditions.
Challenges for the Indian automobile industry
As we move into the new millennium, the Indian Automobile Industry faces some
tremendous opportunities and also great challenges. The growth in automobile sales has been
impressive for the past ten years since liberalization began. However, with liberalization, the
Indian customer has been presented with a wide range of choices in automobiles, to suit every
requirement and budget. The market has turned into a buyers market where the customer is
being wooed by the manufacturers and the dealers with a range of freebies unheard of before
in India. Financing has become so easy that an automobile is within every aspirant's reach.
The industry must focus its R&D efforts in line with the global trends, which is to
build vehicles that are considerably more fuel efficient and less polluting. With growing
awareness among the public about pollution and the effective campaigns carried out by the
NGO's, this will increasingly become an important selling feature. It was surprising to see
how the industry kept stalling the introduction of pollution norms for vehicles on the pretext
that they needed more time to get the technology. Even Maruti despite its foreign affiliation
was caught off guard when the Supreme Court finally ruled that all new vehicles should
strictly adhere to the Euro II norms.
The inadequacy of road infrastructure in India is well known. This is compounded by
the fact that traffic management is very poor or non-existent and the drivers are mostly ill
trained and in disciplined. As more vehicles come on the road, this will become a major
bottleneck. The industry will need take initiatives firstly to train all drivers in safe driving and
proper road discipline and manners. They will also need to assist government agencies in
better road design and in building of multilevel parking lots. Training of police personnel in
better traffic management and advising them on better equipping themselves to deal with
various problems will also have to be done.
In terms of the world averages, India's vehicle density is very low and if we have to
achieve those density levels, the industry can look forward to a bright future. However in the
industry's interest care must be taken to see that we also achieve the safety and convenience
levels of using automobiles.
RESEARCH METHODOLOGY
61
RESEARCH SCOPE
The market survey was conducted on CUSTOMER SATISFACTION in Delhi, NCR & Meerut
region, with reference to Das automobiles.
This study was done in Delhi NCR & Meerut region.
Study aims at relationship between Company employees and customers.
The survey covers a wide range of activities and factors, which influence the customer to
purchase the HYUNDAI product.
The validity of the findings of this survey is limited to the period which the field survey was
conducted i.e., in June and July.
Therefore, I would say that my first day in the market was more of observing
the environment around me than getting into action. It gave me real sense and feeling
of market and it gave me a practical knowledge of real things happening in the
market.
62
REASON FOR SELECTING THIS TOPIC
The topic has been already given by the company to collect information about current
happening in the market. It also helps to makes improvements in service and quality of the
product, for their long time existence in the market and getting profit.
Simultaneously, it is also helpful for me to learn the customer satisfaction and demand of
particular products.
IMPORTANCE AND RELEVANCE OF THE STUDY
This is very important for a student of MBA. This business administration course is not
answer of all problems which arise in practical field. There is no certain formula for any
particular problem but the aim of this study is to develop the decision making. Right decision
at right time itself helps an organization to run smoothly.
The training in any organization gives us an idea of different marketing activities and main
emphasis is given on “Customer Satisfaction” aspect and also it is how business is taken
tactfully when any problem comes to an executive, so the problem solving, right decision
making and knowledge of different types of marketing activities are of much importance to
this study.
PROCEDURE:-
Objective of Study
Research Design
Sample Design
Data Collection
Data analysis
Reporting of Findings
RESEARCH DESIGN
Research Design specifies the methods and procedures for conducting a particular study. A
Research Design is the arrangement of conditions for collection and analysis of the data in a
manner that aims to combine relevance to the research purpose with economy in procedure.
Research Design is broadly classified into three types as
On the basis of the objective of study, the studies which are concerned with describing the
character tics of a particular individual, or of a group of individual under study comes
under Descriptive Research Design.
Descriptive Research Design: In this research design the objective of study is clearly
defined and has accurate method of measurement with a clear cut definition of population
which is to be studied.
The research design is developed to collect the relevant information with minimum of
efforts, time and money.
SAMPLING DESIGN
A Sample Design is a definite plan for obtaining a sample from a given population. It refers t
the technique r the procedure adopted in selecting items for the sample. The main constitution
of the sampling design is as below-
1. Sampling Unit
2. Sample Size
3. Sampling Procedure
SAMPLING UNIT
A sampling framework i.e. developed for the target population that will be sampled i.e. who
is to be surveyed.
Consumers
SAMPLE SIZE
It is the substantial portion of the target population that are sampled to achieve reliable
results.
100-------CORPORATE HOUSES/ RESPONDENT/CUSTOMER
SAMPLING PROCEDURE
The procedure to choose the respondents to obtain a representative sample, a non-probability
sampling technique is applied for the target – market.
Non-Probability Sampling
It is a purposive sampling which deliberately chooses the particular units of the universe for
constituting a sample on the basis that the small mass that they so select out of a huge one
will be typical or representative of the whole.
Judgment sampling: To select population members who are good prospects for accurate
information?
DATA COLLECTION
The data collection process is the predefined task that I have to undergo. The data collection
process starts right from the first day till the final day on the field. During the whole period a
list of different retailers scattered around whole of the South Delhi gets visited on the regular
basis. The main task is to analyze the CUSTOMER SATISFACTION, market potential, study
of the market share of the company and analyzing the competitor’s strategies.
The survey process is not complete without consulting the Distributor &
Retailers. The distributors are the key nodes that make the chain moving effectively. So the
response made by them is also an essential criterion to involved and reaching for certain
decisions.
There are several ways of collecting appropriate data that differ considerably
in the context of money costs, time, and other resources at the disposal of the researcher. The
tools used for data collection are as:
PRIMARY DATA
The primary data are those data, which are collected afresh and for the first time. And happen
to be original in character. The primary data to be collected for the study are-
Questionnaire – A set of questionnaire is prepared for the cause of collecting
different information related to the pre-determined objectives. The
questionnaire prepared is in two forms & targeted towards the doctors and
chemists differently. The format of questionnaire is structured and non-
disguised.
Direct Personal Interview – Under this method of collecting data there is
face-to-face context with the person from whom the information is obtained.
The data collected are from the respective selected doctors and chemists
visited regularly. The pattern used is Structured and Indirect Interview.
SECONDARY DATA
Secondary data means data that are already available i.e., they refer the data, which
have already been collected and analyzed by someone else. When the researcher utilizes
secondary data, then he has to look into various sources from where he can obtain them, IN
this case he is certainly not confronted with the problems that are usually associated with the
collection of original data. Secondary data may either be published data or unpublished data.
Usually published data are available in:
It for the first lime over across the globe that any manufacturer with the largest market share
has attained the top rank Hyundai Motors. Hyundai boasts of the maximum share and has the
maximum number of vehicles on Indian roads which means that great effort and sound
planning is required to keep vehicle problems to a minimum going by the result Hyundai has
done quite well Hyundai share the top spot with Honda in the problems experienced section
of corporate customer. But Honda ciders only the luxury car segment whereas Hyundai keeps
nearly 65% vehicles on Indian roads.
According corporate information higher level employees mostly like Hyundai Sonata,
Hyundai Santro, santro xing, ,Getz and Accent ,Hyundai–i10,Hyundai-i20 and Elentra.
Table 1.
Break-up on the basis of cars using by the respondents
Cars In Numbers In %
Maruti 196 32
Tata 125 21
Toyota 58 9
Honda 46 8
Hyndai 102 17
Ford 78 13
Total 605 100
Out of 15 respondents under the survey, whole are using different companies’ cars. In total
they are using 605 cars of different companies. Hyundai have more customers with 196
customers. Tata have 125., Toyota =58 Honda =46, Hyndai =102, Ford=78,
Which Companies’ Cars You Are Using? (In Numbers)
200
180
160
140 Maruti Tata Toyota Honda Hyund
120
100
80
NO OF CARS
60
40
20
0
Company
Interpretation:
The 15 corporates under the study are using a total of 605 cars. Under this 605 cars 196 cars
are of Hyundai’s.32 % of the total cars under the study. 125 cars are of Tata Motors, 21% of
the total cars. They are followed by Hyundai with 102 cars. The other companies like Toyota,
Honda, Ford have a number of 58, 46, and 78 respectively.
Table 2.
Break-up on the basis of cars using by the Top level Employees
Cars In Numbers In %
50 20
Maruti
Tata 38 16
Toyota 48 20
Honda 42 17
Hyundai 40 16
Ford 28 11
Total 246 100
Out of 15 corporate higher level employees are using different companies’ cars. In total they
are using 246 cars of different companies. Hyundai and Toyota have more customers with
20% customers each. Followed by Honda 17% and Tata and Hyundai equally have 16%
Customer Satisfaction With Cars Used By Top Level Employees
(In Numbers)
NO OF CARS
Interpretation:
The 15 corporate under the study, the top level employees are using 246 cars.
Out of this 246 cars 50 cars are of Hyundai’s.20 % of the total cars and Toyota’s 48 around
20% also.. 42 cars are of Toyota, followed by Hyundai with 40 cars, Tata’s 36 and fords 28.
From these data we can analyze that the Toyota and Honda have more preference by the top
level employees, because their number compared with the total is very high.
Table 3:
Break-up on the basis of cars using by the Medium and Lower level Employees
Cars In Numbers In %
146 41
Maruti
Tata 87 24
Toyota 10 3
Honda 4 1
Hyundai 62 17
Ford 50 14
Total 359 100
Out of 15 corporate’ medium and lower level employees are using different companies’ cars.
In total they are using 359 cars of different companies. Hyundai and Tata have more
customers with 41% and 24% respectively customers each. Followed by Hyundai 17% and
Ford 14%.
Customer Satisfaction With Cars Used By Medium/Lower Level Employees (In
Numbers)
NO OF CARS
Interpretation:
The 15 corporate under the study, the medium and lower level employees are using 359 cars.
Out of this 359 cars 146 cars are of Hyundai’s.41 % of the total cars and Tata’s 87 around
24% also.. 62 cars are of Hyundai, 17% of the total cars used by this segment, followed by
Ford with 50 cars,(14%). From these data we can analyze that the Hyundai and Tata have
more preference by the lower level employees, because their number compared with the total
is very high. From it is clear that the medium and lower level employees preference is for
Hyundai and Tata. This is mainly due to price afford ness, availability of spare parts and
Diesel engine facilities
Table 4.
Split up on the basis of the satisfaction level of Hyundai customers about the vehicle.
In %
Status Number of Customers
12 80
Satisfied
3 20
Unsatisfied
15 100
Total
The above table shows that 12 customers who are using Hyundai cars are satisfied with the
vehicle i.e. 80% of the total. At the same time 3 customers are using Hyundai cars are not
satisfied, 20% of the total.
Are You Satisfy With The Hyundai cars (15 Customers )
15
13
11
9
NO OF CUSTOMERS
7 Yes
5 No
-1
Satisfaction
Interpretation:
The above graphical representation of the satisfaction level towards the Hyundai cars shows
that around 80% (12 in numbers) of the customers are satisfied. But a 20% of the customers
are not satisfied with the performance of the vehicle.
Table 5.
Split up on the basis of the satisfaction level of Hyundai cars customers about the service
from Hyundai.
In %
Status Number of Customers
13 87
Satisfied
2 13
Unsatisfied
15 100
Total
The above table shows that 15 customers who are using Hyundai cars are satisfied with the
service of Hyundai car i.e. 87% of the total. At the same time 2 customers are using Hyundai
cars are not satisfied, 13% of the total.
Are You Satisfy With The Hyundai cars Service
(15 Customers )
15
13
11
9
NO OF CUSTOMERS
7 Yes
5 No
-1
Satisfaction
Interpretation:
The above graphical representation of the satisfaction level towards the Hyundai cars services
shows that around 87% (13 in numbers) of the customers are satisfied. But a 13% of the
customers are not satisfied with the performance of the vehicle. . From this it is clear that the
service of Hyundai cars is very good.
Table 2.
Break-up on the basis of cars using by the Top level Employees
Cars In Numbers In %
50 20
Maruti
Tata 38 16
Toyota 48 20
Honda 42 17
Hyundai 40 16
Ford 28 11
Total 246 100
Out of 15 corporate higher level employees are using different companies’ cars. In total they
are using 246 cars of different companies. Hyundai and Toyota have more customers with
20% customers each. Followed by Honda 17% and Tata and Hyundai equally have 16%
Customer Satisfaction With Cars Used By Top Level Employees
(In Numbers)
NO OF CARS
Interpretation:
The 15 corporate under the study, the top level employees are using 246 cars.
Out of this 246 cars 50 cars are of Hyundai’s.20 % of the total cars and Toyota’s 48 around
20% also.. 42 cars are of Toyota, followed by Hyundai with 40 cars, Tata’s 36 and fords 28.
From these data we can analyze that the Toyota and Honda have more preference by the top
level employees, because their number compared with the total is very high.
SWOT ANALYSIS
This project has thrown a light on the strengths, weaknesses, opportunities & the threats
Hyundai is facing in the Indian market. These can be summarized as:
STRENGTHS:
The big & small car from Hyundai is the most advanced vehicle technologically as well as
aesthetically. Some more strong points that were reflected during the survey are given below.
1. The outlook of the car has a great appeal and almost every body during the survey
was found satisfied with the outlook.
2. The safety features of the car are also one of the strong reasons for the customers to
buy Hyundai has the best safety features in its range of the car.
3. The customers have accepted this car as the family car and thus car can be targeted for
the families now.
4. The exteriors of the car i.e. size shape, space, headlight the tail light are also
appealing and most of the customers arc fully satisfied with these features of the car.
5. The legroom & headroom of the car is very good. The customers are praising this
feature very much.
WEAKNESS
Hyundai even with the best car technically as well as aesthetically is not performing very
well in the Indian car market the sales & hence the market share of Hyundai is very low the
survey also reflected the weakness of the company.
I. Mileage is the first factor of consideration for and buyer of the small car Hyundai. Santro
although performance is very well on this aspect but some of the customers are not at all
satisfied as their car is not giving them good average, these small customers can cause
disloyalty to the company & Hence the company need to remain consistent as well as this
factor should be communicated very well to the customers.
2. Pick up of the car especially while the A/C is on, is also not satisfying the customers.
3. A/C is yet another area, which needs a considerable amount of attention from the
engineers.
4. The service network and the availability of spares also is in area causing a lot of problems
for the customers.
Those are some of the weaknesses of the company as far the Hyundai is concerned these field
need it complete reservation of the features and a complete repositioning and is
creating good brand loyalty.
These are few points that Hyundai has in its accounts as far the customers are concerned
overall the car Hyundai can command a good market but it is now the responsibility of the
marketing people to position this car.
OPPORTUNITIES
The small car market in India is still in its growing stages and there are a lot of opportunities
for the companies in this field. Hyundai has the big car market in India is still in its growing
stages and there are as lot of opportunities for the companies in this field all the players
except Hyundai Motors arc now and Competition is intense the opportunities for Hyundai are
also there in the market.
1. Most of the population in India belong to the middle class who prefer to buy small cars
therefore Hyundai has also a lot of opportunities in this field.
3. The service network and the customer care is also the taken.
“These are the Field which needs a complete exploration not only by Hyundai but from
every company.
THREATS
Every enterprise with its evolution is bound to get certain threats and they need a careful
analysis and action. The chief threat to Hyundai is the competition itself. The entry of four
major competitors at almost same price has evolved major threats from the customers side the
following threats coming in light.
1. The pricing policy of the company is not good the Company some time increases and some
time decreases so that customer make uncertainly which make the customers felt exploited.
2. The communication with the customers about the availability and the feature is good but
workshop attitudes are not good for owner.
3. With the intense competition to provide the best quality at cheapest price must also be the
attention of the top management.
4. , It is the responsibility of the marketing people now to communicate it as the small car to
the potential customers.
5. The strong points need more perfection the weak points need more care, the opportunities,
need more attention and the threats need a complete change of vision.
FINDINGS
1) Firm wants to know that customer are satisfied or not about the company product and
according to Questionnaires Company know that more of people satisfy from the
company’s product.
2) The satisfaction level towards the Hyundai cars shows that around 80% (12 in
numbers) of the customers are satisfied
3) The customers who are using Hyundai cars are satisfied with the service of Hyundai
car i.e. 87% of the total.
4) Firm uses company brochures, leaflets, and people adequate for giving the knowledge
about the Hyundai Vehicle's product.
5) Here is a question that does customer satisfy with guarantee and warranty with the
product? And firm knew that more than 95% customers are satisfy with the guarantee
and warrantee of the product.
6) It is very necessary that customers know about the new product and services from
time to time.
7) From where customer go for service and according to survey many customers go to
authorized service station and they also want to purchase spare parts from authorized
service station because they are satisfy with the service of authorized service station.
Hyundai has second largest share and has the second largest number of vehicles on the
Indian Roads. It means that great effort and sound planning is required to keep vehicle
problems to the minimum.. I observe that there is a great demand of skilled & talented
employees. There must be a procedure to make the customer aware about different product of
the company which is suitable for him. Hyundai has done quiet well regarding customer
satisfaction. Hyundai share is the First Top among higher income corporate customer
According to corporate information, high level employees mostly like luxury cars Accent,
Sonata, Elentra. Etc. and lower level employees preferring Hyundai santro, Hyundai-i10 ,&
i20.
Lastly, I must say that this training was very knowledgeable & interesting for me.
SUGGESTIONS
1. MILEAGE: The company is not consistent as for the mileage is concerned. Some of
the people are quite satisfied while some are not at all satisfied, extensive communication
is thus needed to overcome this problem.
2. PICK UP: Hyundai Santro engine car is very poor especially while the A/C is on. The
improvement on the technical aspects should be performed.
3. COST OF SPARE PARTS: The spares Parts of Hyundai are more expensive as
compared to the competitor’s. People are not too much aware of the outlets. An effective
advertising in this respect is needed.
5. ADVERTISING: The advertising policy of the company is not very good. So that
improvement should be done to build brand image. These are the suggestions which
throws light on the weaknesses of the company and where the company needs to give
attention .The marketing department needs to give more attention and position the car
again. So that the customer loyalty towards the company can be ascertained.
LIMITATIONS
This project may not fulfill all the expectations of the reader because it faced certain
limitations which are as follows:
1) In so many cases the respondents may be biased, this is a frequently occurring error in
market research. Adequate sale guards have been provided for the same so as to minimize
such errors.
2) The information provided by the various corporate offices are limited, subject to the
information revealed ..so many points may be Missing.
3) This study was continued from Meerut to Delhi city with comparatively high living
standard in summer scorching heat & busy road. Hence care must be taken while
applying these results to other cities.
4) The details of the recommended pattern of the corporate customer behaviour have not
been worked out.
6)corporate customer were too busy in his work they were very difficult to be contacted.
DEMOGRAPHIC INFORMATION
Q4.Which of the following groups' best describes your household's total monthly income?
Rs.10, 000 or less…………………………..
Rs.10, 001-30,000………………………….
Rs.30, 001-50,000………………………….
Rs.50, 001 or more………………………….
CUSTOMER CONTACT INFORMATION
Name of the Customer:
Designation
Contact Details:
a) Village
b) District
c) State Customers Signature
d) Pin no.
e) Phone no.
f) Mobile
Remarks, if any
Representatives Signature
Q1.Personal Information
Name :
Address :
Gender:
Occupation :
Age
a. 20-24 [ ] b. 24-30 [ ]
c. 30-40 [ ] d. Above 40 [ ]
Income (per month)
a. 15000-20000 [ ] b. 20000-30000 [ ]
d. 30000-50000 [ ] d. Above 50000 [ ]
Q2.What kind of vehicle/ four wheeler you are currently using
a. Hyundai Santro [ ]
b. Hyundai Getz [ ]
c. Hyundai Accent [ ]
d. Hyundai-i10 [ ]
e. Hyundai-i20 [ ]
Q3. Which cars you owe?
a. Hyundai Santro [ ] b. Hyundai Getz [ ]
b. Hyundai Accent [ ] d. Hyundai elentra [ ]
e. Hyundai Sonata [ ] f. Hyundai Tuscan [ ]
g. Hyundai-i10 [ ] h. Hyundai-i20 [ ]
Q4. How did you come to know about the vehicle you on owing?
a. Family [ ] b. Friends [ ]
c. Office [ ] d. T.V. [ ]
e. Newspapers [ ] f. Magazines [ ]
Q5. What according to you are the factors that influence a purchase decision?
a. Exterior style [ ] b. Comfort [ ]
c. Safety [ ] d. Price [ ]
e. Mileage [ ] f. Pickup [ ]
g. Technology[ ] h. Powerful Engine [ ]
i. Interiors [ ] j. Brand Name [ ]
WEB SITES:
www.Hyundai.com
www.indiancar.com
www.google.co.in