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BAJAJ ELECTRICALS
Presented by:
Amish Narang(PGFA1615)
Amisha Jain(PGFA1616)
Apoorva Kr. Singh(PGFA1627)
Devanshi Tyagi(PGFA1642)
Dhruv Abhishek Singh(PGFA1643)
DEALER NAME-
Mr. PRAMOD KUMAR
Mobile Number-9810824113d
Picture With Dealer
• Where we are – current situation
• Where we want to go - Objective
• How do we reach there - Strategy
• Did we reach there - Control and analysis
Corporate vision of Bajaj Electricals
“We aim to bring greater happiness to
our customer by improving their
quality of life, while enhancing
stakeholder value.”
About
• Part of the Rs. 28000 crores “Bajaj group”
• BEL is a 79 year old trusted company with a turnover of Rs.
3099 Crores and market capitalization of around Rs. 2000
crores.
• BEL was incorporated on 14 July 1938 as Radio Lamp Works
Limited under the Indian Companies Act, 1913 as a Public
company limited.
• BEL has 19 branch offices spread in different parts of the
country with a chain of about 1000 distributors, 4000
authorised dealers, over 400,000 retail outlets and over
282 Customer Care centres.
BAJAJ ELECTRICALS PRODUCTS
B2C
Appliances
Fans
Lighting
B2B
Luminaries
Engineering
& Projects
Corporate vision of Bajaj Electricals
“ Enhancing quality of life and bringing
happiness with sustainability”.
MISSION
Integrity: Having complete integrity alignment in what we feel, what
we speak and what we do, thereby demonstrating honesty and
having strong moral principles. Having firm belief in the reliability,
truth and ability of all stakeholders and company processes.
Team work: Believing in ‘One for all and all for One’ thereby working
together to exceed our expectations in achieving organisational
objectives.
Empowerment: Creating conditions and enabling people to take
responsibility for enhanced contribution towards personal and
organisational objectives.
Customer Delight: Proactively anticipating internal and external
customer needs and relentlessly working towards exceeding their
expectations.
Innovation: To continuously explore, develop, create and implement
new technology, processes, ideas and products
SWOT
STRENGTH
– Decades of experience in design, development and
manufacturing
– Strong financial performance
– Diversified into many segments and tapping sophisticated
markets
– High liquidity has enabled it to invest in new technologies
and have grown in many segments
– Market leadership and price competitiveness
– Has a strong workforce and good brand presence due to TVCs
and print ads
WEAKNESS
– The brand has less penetration across international market
– Market share is limited due to intense competition
– Company has changed it’s logo, People are not aware of new
one.
Cont.
OPPORTUNITY
– Expansion through Strategic Alliances
– Growth in its product line could increase demand
– Population growth and urbanization is increasing the demand
– Emphasis on in-house R&D for Technology Development
– Focus on Technology Intensive Products
– It is less into exports so it can start exporting
THREATS
– Maturing categories, products, or services
– New competitors with new model and new design .
– Cheaper technology
– Price wars
High
Stars
Luminaries, Lighting,
Engineering & Projects
Question mark
Fans and Appliances
Cash cows Dogs
BCG MATRIX
BCG MATRIX
 According to us, out of all the 5 SBU’s of Bajaj Electricals-
Luminaries , Engineering ,Project and Lighting are the stars of the
company as they high market share and market growth.
 Appliances are question mark as the company it has high growth
rate but low market share, due to which it is planning to tie-up
with other international brands.
 Fans are also question mark, as it has low market share its position
is 6th in the market.
STP Analysis
Segment
Electric Appliances, Fans and Lighting, consumer durables,
engineering and project and it is affordable by every one.
 Target Group
Telecom Companies, defense and aviation Entities, Construction
companies, Telecommunication companies, Public utilities. It is
targeted at middle sector.
 Positioning
A learning electrical company producing quality products with
great trust. It is an premium product with an unique design.
Sales of the BAJAJ Appliances
FY16 Sales: INR 4,640 mn
As a % of total sales: 26%
FY16 Sales: INR 5,230 mn
as a % of total sales: 30%
FY16 Sales: INR 2,950 mn
As a % of total sales: 16%
FY16Sales: INR 2,820 mn
As a % of total sales: 16%
FY16 Sales: INR2,090mn
As a % of total sales:12%
1 •EPC
2 •Luminous
3 •CP Division
Bajaj Electricals – Broad overview
 Bajaj Electricals has 6 – Strategic Business units.
 (Bajaj Appliances, Bajaj Lighting, Morphy Richards and Bajaj Fans)
would come under B2C (Business to Consumer)
 (Bajaj Luminaries and Bajaj E&P) would come under B2B (Business to
Business)
 EPC (electronic and project business unit)
is the undisputed leader in turn key
illumination projects and high mast
lighting system, including design supply
installation tasting and commission
 It has vast experience in power distribution
and transmission line segment
 Every big project comes under EPC,
Bombay-Worli sea link is one of the biggest
example.
 Major competitors in EPC:
– L&T
– Crompton
– Orient
EPC
Luminaries
 Residential to commercial
 Retail and industrial Bajaj luminaries expertise in light
fixtures
 LED lighting system
 Wall lighting accessories etc.
 Examples:
 High Mast
 Street Lights
 Major Players
 Philips
 Osram
 Havells etc.
Consumer Product Division
In CP division Bajaj have products like Fans, Lights,
kap & Dap.
TPW (table, pedestal and wall) Price Range
1. Sub-Economy 1000 - 1500
2. Economy 1500-2000
3. Premium above 2000
4. Exhaust Fans 1000-1500
5. Ceiling Fans 1200-3000
TYPES OF FANS
Lights
 GLF
 FPL
 CFL
 LED
 FITTINGS
KAP
• Mixer
• Hand Grinder
• Cooker
• JMGs & Juicer
• Hand Blenders & Chopper etc.
Domestic Appliances
• Pump
• Geyser
• Room Heaters
• Iron
• Coolers
APPLIANCES MARKET SHARE
11
6
4
4
41
34
Market Share
Bajaj Electricals Pigeon Kenstar Philips Other organised sector Unorganised
FANS MARKET SHARE
15
10
10
10
17
38
Market Share
Crompton Greaves Usha Orient
Bajaj Electricals Other Organised Unorganised
LIGHTING MARKET SHARE
14
10
8
5
6
17
Market Share
Philips Bajaj Electricals Crompton Greaves Wipro
Havells Other Organised Unorganised
Pricing
• Bajaj Follows Competitive Pricing Strategy
• Special Occasion Special Prices
• Examples:
1. Finolex capturing market because of low prices
2. Suryaprakash
Distribution Strategies
• Bajaj Electrical uses Vertical
integration channel
• Manufacturer
• Distributor
• Retailer
• Consumer
• It uses RREP (Reach, Range, Expansion,
Program)
Promotion
• Bajaj Electricals campaign of 2016, in this they have
highlighted the companies marketing pitch
“Bajaj Fans-Sabse Tez”
&
Bajaj Coolers “Ek dum solid Thanda”
• To keep its growth curve intact Bajaj follows a
“Mera gaon, Mera Desh”
• In Pro- Kabaddi World championship world matches
Bajaj has done the branding of its lighting.
Analysis
• Price of Pedestal fans should be reduced for
increasing sales (Finolex)
• Promotions should be increased- Brand
ambassador should be there (orient)
• Sales territory should be maximized to cover
more places
• They should be constant on their TOC but not
TOD strategy.
• They should more focus on their kitchen
appliances. (Prestige and Hawkins)
Cont..
• More marketing of glass lined tanks (United
industrial group)
• Focus more on Urban Area as market share of
Usha is maximum in room heaters
• Bajaj reducing there market in cooler
segment because of “Symphony” coming up
with new and better products
• More promotional activities on Pumps should
be there (Crompton)
Suggestions…
 The company must focus more on the promotional
activities, as per the research done we can conclude
that it is lacking in this segment of promotion of its
products
 The company must cover all the areas and assign
different territories to the sales people so that larger
area is covered, not only focusing on a particular
area for sales.
Thank You

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BAJAJ ELECTRICALS STRATEGY AND PRODUCTS

  • 1. BAJAJ ELECTRICALS Presented by: Amish Narang(PGFA1615) Amisha Jain(PGFA1616) Apoorva Kr. Singh(PGFA1627) Devanshi Tyagi(PGFA1642) Dhruv Abhishek Singh(PGFA1643)
  • 2. DEALER NAME- Mr. PRAMOD KUMAR Mobile Number-9810824113d Picture With Dealer
  • 3.
  • 4. • Where we are – current situation • Where we want to go - Objective • How do we reach there - Strategy • Did we reach there - Control and analysis
  • 5. Corporate vision of Bajaj Electricals “We aim to bring greater happiness to our customer by improving their quality of life, while enhancing stakeholder value.”
  • 6. About • Part of the Rs. 28000 crores “Bajaj group” • BEL is a 79 year old trusted company with a turnover of Rs. 3099 Crores and market capitalization of around Rs. 2000 crores. • BEL was incorporated on 14 July 1938 as Radio Lamp Works Limited under the Indian Companies Act, 1913 as a Public company limited. • BEL has 19 branch offices spread in different parts of the country with a chain of about 1000 distributors, 4000 authorised dealers, over 400,000 retail outlets and over 282 Customer Care centres.
  • 8. Corporate vision of Bajaj Electricals “ Enhancing quality of life and bringing happiness with sustainability”.
  • 9. MISSION Integrity: Having complete integrity alignment in what we feel, what we speak and what we do, thereby demonstrating honesty and having strong moral principles. Having firm belief in the reliability, truth and ability of all stakeholders and company processes. Team work: Believing in ‘One for all and all for One’ thereby working together to exceed our expectations in achieving organisational objectives. Empowerment: Creating conditions and enabling people to take responsibility for enhanced contribution towards personal and organisational objectives. Customer Delight: Proactively anticipating internal and external customer needs and relentlessly working towards exceeding their expectations. Innovation: To continuously explore, develop, create and implement new technology, processes, ideas and products
  • 10. SWOT STRENGTH – Decades of experience in design, development and manufacturing – Strong financial performance – Diversified into many segments and tapping sophisticated markets – High liquidity has enabled it to invest in new technologies and have grown in many segments – Market leadership and price competitiveness – Has a strong workforce and good brand presence due to TVCs and print ads WEAKNESS – The brand has less penetration across international market – Market share is limited due to intense competition – Company has changed it’s logo, People are not aware of new one.
  • 11. Cont. OPPORTUNITY – Expansion through Strategic Alliances – Growth in its product line could increase demand – Population growth and urbanization is increasing the demand – Emphasis on in-house R&D for Technology Development – Focus on Technology Intensive Products – It is less into exports so it can start exporting THREATS – Maturing categories, products, or services – New competitors with new model and new design . – Cheaper technology – Price wars
  • 12. High Stars Luminaries, Lighting, Engineering & Projects Question mark Fans and Appliances Cash cows Dogs BCG MATRIX
  • 13. BCG MATRIX  According to us, out of all the 5 SBU’s of Bajaj Electricals- Luminaries , Engineering ,Project and Lighting are the stars of the company as they high market share and market growth.  Appliances are question mark as the company it has high growth rate but low market share, due to which it is planning to tie-up with other international brands.  Fans are also question mark, as it has low market share its position is 6th in the market.
  • 14. STP Analysis Segment Electric Appliances, Fans and Lighting, consumer durables, engineering and project and it is affordable by every one.  Target Group Telecom Companies, defense and aviation Entities, Construction companies, Telecommunication companies, Public utilities. It is targeted at middle sector.  Positioning A learning electrical company producing quality products with great trust. It is an premium product with an unique design.
  • 15. Sales of the BAJAJ Appliances FY16 Sales: INR 4,640 mn As a % of total sales: 26% FY16 Sales: INR 5,230 mn as a % of total sales: 30% FY16 Sales: INR 2,950 mn As a % of total sales: 16% FY16Sales: INR 2,820 mn As a % of total sales: 16% FY16 Sales: INR2,090mn As a % of total sales:12%
  • 16. 1 •EPC 2 •Luminous 3 •CP Division
  • 17. Bajaj Electricals – Broad overview  Bajaj Electricals has 6 – Strategic Business units.  (Bajaj Appliances, Bajaj Lighting, Morphy Richards and Bajaj Fans) would come under B2C (Business to Consumer)  (Bajaj Luminaries and Bajaj E&P) would come under B2B (Business to Business)
  • 18.  EPC (electronic and project business unit) is the undisputed leader in turn key illumination projects and high mast lighting system, including design supply installation tasting and commission  It has vast experience in power distribution and transmission line segment  Every big project comes under EPC, Bombay-Worli sea link is one of the biggest example.  Major competitors in EPC: – L&T – Crompton – Orient EPC
  • 19. Luminaries  Residential to commercial  Retail and industrial Bajaj luminaries expertise in light fixtures  LED lighting system  Wall lighting accessories etc.  Examples:  High Mast  Street Lights  Major Players  Philips  Osram  Havells etc.
  • 20. Consumer Product Division In CP division Bajaj have products like Fans, Lights, kap & Dap. TPW (table, pedestal and wall) Price Range 1. Sub-Economy 1000 - 1500 2. Economy 1500-2000 3. Premium above 2000 4. Exhaust Fans 1000-1500 5. Ceiling Fans 1200-3000 TYPES OF FANS
  • 21. Lights  GLF  FPL  CFL  LED  FITTINGS
  • 22. KAP • Mixer • Hand Grinder • Cooker • JMGs & Juicer • Hand Blenders & Chopper etc.
  • 23. Domestic Appliances • Pump • Geyser • Room Heaters • Iron • Coolers
  • 24. APPLIANCES MARKET SHARE 11 6 4 4 41 34 Market Share Bajaj Electricals Pigeon Kenstar Philips Other organised sector Unorganised
  • 25. FANS MARKET SHARE 15 10 10 10 17 38 Market Share Crompton Greaves Usha Orient Bajaj Electricals Other Organised Unorganised
  • 26. LIGHTING MARKET SHARE 14 10 8 5 6 17 Market Share Philips Bajaj Electricals Crompton Greaves Wipro Havells Other Organised Unorganised
  • 27. Pricing • Bajaj Follows Competitive Pricing Strategy • Special Occasion Special Prices • Examples: 1. Finolex capturing market because of low prices 2. Suryaprakash
  • 28. Distribution Strategies • Bajaj Electrical uses Vertical integration channel • Manufacturer • Distributor • Retailer • Consumer • It uses RREP (Reach, Range, Expansion, Program)
  • 29. Promotion • Bajaj Electricals campaign of 2016, in this they have highlighted the companies marketing pitch “Bajaj Fans-Sabse Tez” & Bajaj Coolers “Ek dum solid Thanda” • To keep its growth curve intact Bajaj follows a “Mera gaon, Mera Desh” • In Pro- Kabaddi World championship world matches Bajaj has done the branding of its lighting.
  • 30. Analysis • Price of Pedestal fans should be reduced for increasing sales (Finolex) • Promotions should be increased- Brand ambassador should be there (orient) • Sales territory should be maximized to cover more places • They should be constant on their TOC but not TOD strategy. • They should more focus on their kitchen appliances. (Prestige and Hawkins)
  • 31. Cont.. • More marketing of glass lined tanks (United industrial group) • Focus more on Urban Area as market share of Usha is maximum in room heaters • Bajaj reducing there market in cooler segment because of “Symphony” coming up with new and better products • More promotional activities on Pumps should be there (Crompton)
  • 32. Suggestions…  The company must focus more on the promotional activities, as per the research done we can conclude that it is lacking in this segment of promotion of its products  The company must cover all the areas and assign different territories to the sales people so that larger area is covered, not only focusing on a particular area for sales.