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STUDY ON CONSUMER BUYING BEHAVIOR &
 SATISFACTION LEVEL OF TWO WHEELER WITH
         REFRENCE TO BAJAJ AUTO.
              PROJECT REPORT



              SUBMITTED TO
            UNIVERSITY OF PUNE
FOR THE PARTIAL FULFILLMENT OF THE DEGREE
          BACHELOR OF COMMERCE




                     BY

           SUBHADIP.SUNIL.MAITY

B.Y.K (SINNAR) COLLEGE OF COMMERCE, NASHIK-5
      T.Y.B.COM. , DIVISION :- H ROLL NO:-731
                  YEAR: 2011-2012

                 GUIDED BY

        MRS.KALPANA.KAREGAONKAR




                      1
ACKNOWLEDGEMENT

I have pleasure in successful completion of this work titled: Study on consumer buying behavior
& satisfaction level of two wheeler with reference to Bajaj auto ltd.
The special environment at B.Y.K College of Commerce, Nasik that always support educational
activities, facilitated my work on this project.

I acknowledgement the support and encouragement, extended for this study by Principal
Dr. Dhanesh Kalal.

I greatly appreciate the motivation and understanding extended for the project work, by
Ashok. Hemrajani (Manager) and the staff of the surveyed business unit, who, responded
promptly and enthusiastically to my requests for frank comments despite their
congested schedules. I am indebted to all of them, who did their best to bring improvement
through their suggestions.

I am very much thankful to Mrs. Kalpana. karegaonkar for his/her encouragement and guidance
for this project work. It would not have been possible for me to complete this work without
his/her suggestions on every part of this work.

I acknowledge the authors, whose works gave me insight and information related to this subject.

I am thankful to library staff and administrative staff of the B.Y.K College who, directly, or
indirectly, have all been helpful in one way or another.

I thank my father and mother who encouraged me to extend my reach with their help and
support,

I have been able to complete this work.




                                                                                    Signature

                                                                             (Name of the student)



Date:-




                                                 2
INDEX

  1. Introduction

  1.1 Need And Importance Of Project Work.

  1.2 Objectives Of Project Work

  1.3 Methodology

  2. Bajaj Auto Profile

  2.1 Achievements

  3. Product Profile

  4. Theory

  5. Data Analysis And Interpretation

  6. Findings And Recommendation

  7. Conclusion

  7.1 Based On Work

  7.2 Based On Learning Benefits

 Annexure

  Questionnare

  Other literature to be attached

  Bibliography

  Executive Summary




                                          3
INTRODUCTION




               4
NEED AND IMPORTANCE OF PROJECT WORK:-
Two Wheeler Auto Mobile¶s Introduction

Throughout the centuries man has striven to expand his capabilities through the use
of machine. His ever inventive mind has constantly devised ways to use tool to
increase his abilities to explore the world around him. To go faster, deeper, higher
and further than before was it. Coupled with his need to find new thrills, new
adventures and new modes of transportation, the invention refinement of the
motorcycle seems an inevitable outcome.

It would seem that Michelangelo conceived of the bicycle as early 14th century.

And his drawing shows a remarkable resemblance to he modern day bike. It had
wheels of similar size and even pedals and chain. Albeit made without any
apparent means of steering. Through never built, it was a remarkably clever design,
and early bicycle makers would have done well to study his concepts, there have,
in fact been 4 machines built based on his drawing, attesting to the viability of his
design. In 1885 the Daimler, Europe this is consider by many as the first true
motorcycle or motor bicycle, as it was the first to employ an internal combustion
engine and was designed from the ground up to be motor powered. Designed by
gottlibe Daimler it was powered by an Otto cycle engine producing about ½ horse
powers. Note this design again employed wooden wheels and Daimler dropped the
twist grip controls from his 1877 design in favor of leavers on the frame. In 1898
orient-Aster, USA the American made production motorcycle was this entry built
by the Metz Company, in Waltham, mass, it used an aster engine that was a French
copy of the Metz Company, in Waltham, mass.

Introduction of India Two wheeler¶s Company
Bikes or two wheelers in India cater to various needs of the consumers. With the
choice of the Indians improving from bicycles to two wheelers, the Indian two-
wheeler market has seen a significant growth over the years. Now owing a bike has
become a must for most Indians. Even if people own a car they prefer to have a
bike as it is very economical and fuel efficient.




                                          5
With the growth in the economy the demand for two wheelers is increasing over
the years. It is one of the most dynamic industries today and with the increasing
competition companies are bringing in new products with sophisticated
technologies and innovative features to capture a major pie of the Indian market
and itµs the consumer who is benefited from it..

With the availability of reduced consumer loans and high disposable income the
Indian two-wheeler industry has perceived an exceptional growth over the past few
years thereby making India the second largest market for two wheelers in the world
only after China.

The motorcycle has now become one most popular mode of transportation among
the Indian middle class families because of it is cost effective, economical and easy
to navigate through the traffic.

Moreover, the people have started preferring bikes instead of scooters and mopeds
and today bikes form a major part of the Indian two wheelers. Indian companies
are one of the largest two wheeler manufacturers in the world. The number one
bike manufacturer in the world, Bajaj auto is in close competition with the Indian
manufacturer Bajaj India.

The motorcycle industry in India has witnessed a tremendous change in the 90µs
with the invention of 4 stroke engine which makes the bikes more fuel efficient.
Further companies are trying to bring in more innovations to make the motorcycle
ride more comfortable, safe and user friendly and economical.

In a nut shell the followings factors can be distinguished for the growth of
motorcycle industry in India:

y   Easy accessibility to cheap consumer loans

y   The increase in the average income of the family.

y   The reduction in duties and taxes.

y   Convenience with regards to commuting as compared to the public transport
       system.

y   The first choice among youths and teenagers.



                                            6
Introduction of Study
Selling of any product, there is needed to build relationship with customer. For
building a relationship there is need for knowing the customer behavior and how
will be they satisfied?

This project is undertaken to know the customer behavior  satisfaction level for
Bajaj auto at Nasik. Also through this project get awareness that which factors
affect on the selling of bike mainly in the rural area. Because the area where
project was undergoing, it is almost rural area and most population income
depends on agriculture or its products.


There were some limitations while doing the project. The data was collected by
personal interviews of the respondents. It was very challenging to fill up the
questionnaire as most of the population comes from rural back ground. As it was
the rural area we were supposed to explain each and every question of the
questionnaire. Also many of them did not show any interest in filling
questionnaires.



This study will help Bajaj auto to know the most popular way by which they are
providing services and quality to the customers and to know various customers
Perceptions.


From the study, we found that, the customers were highly satisfied with the
products and service of Bajaj auto, but there were some complaints regarding after
sales service and staff of Bajaj auto. It was found that Bajaj auto Motorcycle is
having a good brand image in the market.




                                         7
Objective of The Study:-
To know consumer behavior for purchase of two wheeler bike.
To identify the factor which influences on consumer decision?
To study whether customers are satisfied regarding the two wheeler.
Identifying possible areas of Improvement.

In todayµs world customer is the key of the success of any business. So, Customer

behavior and its satisfaction level play very key role to sale of the product. Thatµs

why we decide to keep the project title related this key factor called ʊ ´Study on

consumer buying behavior and satisfaction level of two wheeler with refrence

to Bajaj auto.´Main purpose of the study was to know the customer buying

behavior and demand into the minds of customer of Nashik because always

customers say something and does something. At the same time as there are many

companies manufacturing motorcycles, idea about thinking of customer on

whether, what, how, and for whom to purchase the motorcycle.Therefore, research

is required to measure present consumer buying behavior at the purchase of


Bajaj auto bike. so the researcher problem is to identify what are the criteria that

prospective customer takes into consideration before buying the motorcycles. Also

after purchasing are customers being satisfied or not?




                                           8
METHODOLOGY


For Preparing The Project And For Gathering Necessary Information Relating To
The Project The Two Important Methods Of Data Collection Are Used, They Are
As Follows:



Primary Data Collection:



1. Distribution Of Questionnaire

2. Interview

3. BAJAJ Auto

4. Shopkeepers Opinion

5. Consumer Panels



Secondary Data Collection



1. Survey

2. Statistics And Graphs

3. Observation

4. Newspapers

5. Magazines

6. Sales Records

7. Accounting Records

8. Internet


                                       9
Profile of The Company




          10
Profile of the Company
               BAJAJ AUTO PROFILE




Logo




Founded          November 29, 1945 in Pune Maharashtra, INDIA

Headquarters    Bajaj Auto Limited Complex
                Mumbai-Pune Road
                Akurdi, Pune 411 035.
                Tel: (020) 27472851(Extn 6063), 27406063
                Fax: (020) 27407380
                e-mail: investors@bajajauto.co.in




                            11
BAJAJ AUTO HEADQUARTERS




             Jamnalal Bajaj, Founder
             Rahul Bajaj, Chairman
Key people   Mr. Rajiv Bajaj, Managing Director
             Sanjiv Bajaj, Executive Director
 Industry    Automotive
Products     Motorcycles, Scooters, Auto rickshaw
 Website     www.bajajauto.com




                                  12
Board of Directors:
  Name of the Directors                        Designation

Rahul Bajaj               Chairman Vice President (Insurance, BFSL)

Madhur Bajaj              Vice Chairman

Rajiv Bajaj               Managing Director

SanjivBajaj               Executive Director

Eric Vas                  President (New Projects)

Abraham Joseph            President (Research  Development)

Pradeep Shrivastava       President (Engineering)

S Sridhar                 CEO (2WH)

R C Maheshwari            CEO (Commercial Vehicles)

Rakesh Sharma             CEO (International Business)

C P Tripathi              Vice President (Corporate)

N H Hingorani             Vice President (Commercial)

Kevin P D'sa              Vice President (Finance)

V S Raghavan              CEO (Operations, BHIL)

S Ravikumar               Vice President (Business Development)

K Srinivas                President (Human Resources)

Ranjit Gupta              President (Insurance, BFSL)

J. Sridhar                Company Secretary




                                   13
Achievements
  y November 29 Bajaj Auto comes into existence as M/s Bachraj Trading
    Corporation Private Limited.
  y 1948 Sales in India commence by importing two- and three-wheelers.
  y 1959 Bajaj Auto obtains licence from the Government of India to
    manufacture two- and three-wheelers.
  y 1960 Bajaj Auto becomes a public limited company. Bhoomi Poojan of
    Akurdi Plant.
  y 1970 Bajaj Auto rolls out its 100,000th vehicle.
  y 1971 The three-wheeler goods carrier is introduced.
  y 1972 The Bajaj Chetak is introduced.
  y 1975 BAL  Maharashtra Scooters Ltd. joint venture.
  y 1976 The Bajaj Super is introduced.
  y 1977 The Rear Engine Autorickshaw is introduced. Bajaj Auto achieves
    production and sales of 100,000 vehicles in a single financial year.
  y 1981 The Bajaj M-50 is introduced.

    January 19 Foundation stone laid for the new Plant at Waluj,
    Aurangabad.

    November 5 The Waluj plant inaugurated by the erstwhile President of
    India, Shri Giani Zail Singh.
    Production commences at Waluj, Aurangabad in a record time of 16
    months.

  y 1986 The Bajaj M-80 and the Kawasaki Bajaj KB100 motorcycles are
    introduced.
    500,000 vehicles produced and sold in a single financial year.
  y 1990 The Bajaj Sunny is introduced.
  y 1991 The Kawasaki Bajaj 4S Champion is introduced.
  y 1994 The Bajaj Classic is introduced.




                                    14
November 29 Bajaj Auto is 50. Agreements signed with Kubota of Japan
   for the development of diesel engines for three-wheelers and with
   Tokyo RD for ungeared Scooter and moped development. The Bajaj
   Super Excel is introduced while Bajaj celebrates its ten millionth vehicle.
   One million vehicles were produced and sold in this financial year.

y 1997 The Kawasaki Bajaj Boxer and the RE diesel Autorickshaw are
  introduced.
y 1998 Production commences at Chakan plant. June Kawasaki Bajaj
  Caliber rolls out of Waluj. July Legend, India's first four-stroke scooter
  rolls out of Akurdi. October Spirit launched.
y 1999 Caliber motorcycle notches up 100,000 sales in record time of 12
  months.
y 2000 The Bajaj Saffire is introduced.
y 2001 November Bajaj Auto launches its latest offering in the premium
  bike segment 'Pulsar'. January The Eliminator is launched.
y 2003 October Bajaj Pulsar DTS-i is launched. October 107,115
  Motorcycles sold in a month. July Bajaj Wind 125,The World Bike, is
  launched in India. February Bajaj Auto launched its Caliber115
  Hoodibabaa! in the executive motorcycle segment.
y 2004 October Bajaj Discover DTS-i launched August New Bajaj Chetak 4
  stroke with Wonder Gear launched May Bajaj CT100 Launched January
  Bajaj unveils new brand identity, dons new symbol, logo and brandline
y 2005 December Bajaj Discover launched June Bajaj Avenger DTS-i
  launched February Bajaj Wave DTS-i launched
y 2006 April Bajaj Platina launched
y 2007 December RE GDi autorickshaw launched September Bajaj XCD
  125 DTS-Si launched August DTS-Si engine launched July Revamping of
  Organisational structure June Bajaj Pulsar 220 DTS-Fi launched April
  New Bajaj Auto Plant at Pantnagar, Uttarakhand February 200 cc Pulsar
  DTS-i launched January Bajaj Kristal DTS-i launched
y 2008 September Bajaj Platina 125 DTS-Si launched August Bajaj XCD
  125 DTS-Si is largest selling 125cc motorcycle July Bajaj Discover 135
  DTS-i Upgrade Launched. June Bajaj Pulsar 220 bags IMOTY award



                                    15
Product Profile




                  16
Product of BAJAJ AUTO :-




Market share of Bajaj auto Motorcycle:-
Motorcycle:




                                17
THEORY




  18
The Company
The Bajaj Group is amongst the top 10 business houses in India. Its footprint
stretches over a wide range of industries, spanning automobiles (two-wheelers and
three-wheelers), home appliances, lighting, iron and steel, insurance, travel and
finance. The group's flagship company, Bajaj Auto, is ranked as the world's fourth
largest two- and three- wheeler manufacturer and the Bajaj brand is well-known
across several countries in Latin America, Africa, Middle East, South and South
East Asia. Founded in 1926, at the height of India's movement for independence
from the British, the group has an illustrious history. The integrity, dedication,
resourcefulness and determination to succeed which are characteristic of the group
today, are often traced back to its birth during those days of relentless devotion to a
common cause. Jamnalal Bajaj, founder of the group, was a close confidant and
disciple of Mahatma Gandhi. In fact, Gandhiji had adopted him as his son. This
close relationship and his deep involvement in the independence movement did not
leave Jamnalal Bajaj with much time to spend on his newly launched business
venture.
Founded in 1926, at the height of India's movement for independence from the
British, the group has an illustrious history. The integrity, dedication,
resourcefulness and determination to succeed which are characteristic of the group
today, are often traced back to its birth during those days of relentless devotion to a
common cause. Jamnalal Bajaj, founder of the group, was a close confidant and
disciple of Mahatma Gandhi. In fact, Gandhiji had adopted him as his son.This
close relationship and his deep involvement in the independence movement did not
leave Jamnalal Bajaj with much time to spend on his newly launched business
venture.

His son, Kamalnayan Bajaj, then 27, took over the reins of business in 1942. He
too was close to Gandhiji and it was only after Independence in 1947, that he was
able to give his full attention to the business. Kamalnayan Bajaj not only
consolidated the group, but also diversified into various manufacturing activities.
The present Chairman of the group, Rahul Bajaj, took charge of the business in
1965. Under his leadership, the turnover of the Bajaj Auto the flagship company
has gone up from Rs.72 million to Rs.46.16 billion (USD 936 million),its product
portfolio has expanded from one to and the brand has found a global market. He is




                                          19
one of India's most distinguished business leaders and internationally respected for
his business acumen and entrepreneurial spirit.


His son, Kamalnayan Bajaj, then 27, took over the reigns of business in 1942. He
too was close to Gandhiji and it was only after Independence in 1947, that he was
able to give his full attention to the business. Kamalnayan Bajaj not only
consolidated the group, but also diversified into various manufacturing activities.
The present Chairman of the group, Rahul Bajaj, took charge of the business in
1965. Under his leadership, the turnover of the Bajaj Auto the flagship company
has gone up from INR.72 million to INR. 120 billion, its product portfolio has
expanded and the brand has found a global market. He is one of India¶s most
distinguished business leaders and internationally respected for his business
acumen and entrepreneurial spirit.




                                         20
Dealer profile
Mr. Pradip. Wasan and Mr.Vijay. Wasan have started journey with Bajaj auto

ltd. on 1960 as starting workshop service station of New Agra Road, Nashik.

After achieving some milestone in the company they are appointed as an

authorized dealer of New Agra Road, Nashik. Bajaj auto was established in

Pune (Akrudi). In years Bajaj auto achieve many remarkable milestone and being
one of

the leading dealer behalf of Bajaj auto has given 4s (Sales, Service, Spares 

Safety) facilities to the Wasan and son.




Bajaj auto at nashik




                                           21
Service center of Bajaj auto




                               22
Value of Bajaj auto:
Trust
Satisfaction
Passion

VISION
To make Bajaj Auto the dominant for best service provider  dealer built on trust
by all class people. This we hope to achieve by:
    Understanding the needs of customers and offering them superior products
       and service
    Leveraging technology to service customers quickly, efficiently and
       conveniently
    Providing an enabling environment to faster growth and learning for our
       employees
    And above all, building transparency in all our dealings.



MISSION
    Understanding the needs of customers and offering them superior products
     and service
    Building long lasting relationships with their customers  Bajaj auto.
    Providing an enabling environment to faster growth and learning for their
     employees



DEALER¶S ARD  SERVICE STATIION
There Are 1Dealer Showroom, 1 Main Service station  Workshop, 3 ARD
(Authorized Representative of Dealer).Which details are given bellow

TYPE                        NAME                        ADDRESS
DEALER SHOWROOM             Bajaj Probiking             Shop No :1, Rushiraj
                                                        Heights, , Mahatma
                                                        Nagar,
                                                        422007
SERVICE          WASAN  SONS                           GURU NANAK HOUSE
STATIONWORKSHOP                                        , NEW AGRA ROAD
                                                        422002




                                        23
DEALER¶S ORGANIZATION STRUCTURE




                                                             OWNER



                   SHOW ROOM                                                         SERVICE STATION


                                                                                      WORK
 SALES                    GODOWN                ACCOUNT                               MANAGER
 MANAGER                  INCHARGE              MANAGER

                                                              FLOOR LINE           FRONT LINE      PARTS
              MECHANICS              P.D.I
                                                              SUP.                 SUP.            MANAGER
                                     INCHARGE

                                                            HELPER            WASHER BOY
              DELIVERY BOY         HOUSE
                                   KEEPING

                                                                       MECHANICS
 SALES/FILE             PASSPORT
 D EXE.                 EXE.


                                             CASHIER          BILL /BOOKING           PASSPORT     SERVICE
                                                              EXE.                    EXE.         ADVISOR


SAFETY        SERVICE        R.T.O /
                                                        FINANCE EXE.
ADVISOR       ADVISOR        INSURANCE




                                                       24
E-R Diagram:




               25
E-R diagram shows the process from inquiry of customers to delivery of bike or any services. It
shows the relation between entities.




(Secondary data collection from RTO and data is related to Nashik ciy)




                                               26
CUSTOMER BEHVIOUR

The main aim of marketing is meet and satisfy target customers need and wants
buyer behavior refers to the peoples or organization conduct activities and together
with the impact of various influence on them towards making decision on purchase
of product and service in a market.

The field of consumer behavior studies how individuals, groups and organization
select, buy, use and despise of goods, service, ideas, or experience to satisfy their
needs and desires understanding consumer behavior and knowing customer are
never simple.

The wealth of products and service produced in a country make our economy
strong. The behavior of human being during the purchase is being termed
asʊBuyer Behaviorԡ. Customer says one thing but do another. They may not be in
touch with their deeper motivations.

They are responding to influences that change their mind at the last minute. A
buyer makes take a decision whether save or spend the money.


Definition of Buyer Behavior:-
Buyer behavior is ʊall psychological, Social and physical behaviors of potential
customers as they become aware of evaluate, purchase, consume and tell others
about product  service.




Customer buying Decision Process


There are following five stages in consumer buying decision process.

1. Problem identification:-

The buying process starts when the buyer recognizes a problem or need. The need



                                          27
can be triggered by internal or external stimuli. Marketers need to identify the

circumstances that trigger a particular need. By gathering information from a

number of consumers, Marketers can identify the most frequent stimuli that spark

an interest in a product category. They can then develop marketing strategies that

trigger consumer interest.


2. Information Search:-


The consumer tries to collect information regarding various products/service.

Through gathering information, the consumer learns about completing brands and

their features. Information may be collected form magazines, catalogues, retailers,

friends, family members, business association, commercial, chamber of commerce,

telephone directory, trade fair etc. Marketers should find out the source of

information and their relative degree of importance to the consumes.

Personal Sources: Family, friends, neighbor, as quittances.

Commercial Source: Advertising, sales persons, dealers, packaging, displays.

Public sources: mass media, consumer, rating organizations.

Experimental sources: Handling. Examine, using the product.

3. Evaluation of alternative:-

There is no single process used by all consumers by one consumer in all buying

situations. There is several First, the consumer processes, some basic concepts are:

First, the consumer is trying to satisfy need.

Second, the consumer is looking for certain benefits from the product solutions.


                                          28
The marketer must know which criteria the consumer will use in the purchase

decision.

4. Choice of purchasing decision:-

From among the purchase of alternatives the consumer makes the solution. It may

be to buy or not to buy. If the decision is to buy. The other additional decisions are:

Which types of bike he must buy?

From whom do you buy a bike?

How the payment to be made? And so on.

The marketer up to this stage has tried every means to influence the purchase

behavior, but the choice is properly consumers. In the evaluation stage the

consumer forms preferences among the brands in the choice set. The consumer

may also form an intention to but the most preferred brand.

5. Post Purchase Behavior:-

After purchase the product, the consumer will experience the same level of

product. The Marketerµs job not end when the product is buying must monitor

post-purchase satisfaction, post-purchase action, post -purchase use and disposal

    Post Purchase Satisfaction:-
     The customer, satisfaction is a function Of closeness between the buyer,
     expectation and the products Perceiver performance. The larger the gap
     between expectation and performance, the
     greater the consumer dissatisfaction.

    Post purchase Action:-



                                          29
The Consumer, satisfaction or dissatisfaction with the product influence
      subsequent behavior. If the consumer satisfied, he or she will exhibit a
      higher probability of purchasing the product again. Dissatisfaction consumer
      may abandon and return the product.

    Post-Purchase Use or Disposal:-

The marketer should also monitor new buyers use and dispose of the product. If the

consumer store the product in a close, the product is probably not very satisfying.

If the consumer throws the product away, the marketer needs to know how they

dispose of it; especially it can be hurt the environment.

Characteristic of Buyer Behaviors

The chief characteristics of the buyers behaviors are as follow:-

(1) It consists of mental and physical activities which consumers undertake to get
goods and services and obtain satisfaction from them.

(2) It includes both observable activities such as walking through the market to
examine merchandise and making a purchase and mental activities-such as forming
attituzes, perceiving advertising material, and learning to prefer particular brands.

(3) Consumer behaviors are very complex and dynamic to constantly changing.
And therefore, management need to adjust with the change otherwise market may
be lot.
(4) The individuals specific behaviors in the market place is affected by internal
factor, such as need, motives, perception, and attitudes, as well as by external of
environmental influences such as the family social groups, culture, economics and
business influences.




                                          30
Stimulus - Response model for buyer behavior:




                            31
Research design
A research design is the detailed blue print used to guide a research study towards its objectives.

It helps to collect, measure and analysis of data.

The present study seeks to find out the consumers attitude towards buying of bike. The study

also aims at findings out the drawbacks of the marketing set up of Hero Honda. So this makes

the study a descriptive one.

Type of Research
The study undertaken is of ʊDescriptive Researchԡ in nature.

Nature of Research
The study is ʊquantitativeԡ in nature.


It is structured, standardized, question based interview.

Sources of Data
Secondary Source
In this study the secondary data is collected from the following sources.
1. Companyµs website
2. Reports of Company
3. Discussion with marketing and sales staff
4. Books on Marketing and Research methodology

Primary Source
The Primary source of collecting data for research is:

Questionnaire filled by the customers of Supreme Auto.




                                                 32
Primary Data of Collection

Research Technique

In this study the ʊsurvey methodԡ is used as a research technique. This method helps to obtain

right information from respondents.

Contact Method

In this study ʊPersonal Exit interviewԡ it is taken as a tool for the contact method. In which the

personal interview is conducted with customers of Westside.



                                       Sampling plan
Sampling is a process of obtaining. The information about the entire population by examine a
part of it .The effectiveness of the research depends on the sample size selected for the survey
purpose.



The survey was conducted in nashik city:-




Sampling Unit:-


                                                33
It means ʊWho is to be surveyedԡ. Here target population is decided and it is who are interested

to purchase ʊBikeԡ and sampling frame is developed so that everyone in the target population

has known chance of being sampled. So the survey is conducted particularly in Nashik city.



Sample size:-

For the purpose of proper survey, there is need of perfect research instruments to find out sample
size for more accurate result about buying behavior of bike. The sample size is 100 respondents.



Sample Element
The sample element of research is customer of Supreme Auto.

Sample Extent
The sample extent is limited to Nashik city.

Sample Duration
The sample duration between June 2009 and July 2009

Sampling Procedure
The sampling procedure followed is convenience.

Research Instrument
In this study the research instrument is ʊQuestionnaireԡ. It consists of set of question presented

to respondents.

The questionnaire is structured  combinations of various close and open ended questions.


Close ended question already have the possible answers and the open ended question allow the

respondents to answer in their own word.




                                                34
Data Analysis and Interpretation




               35
1. AGE WISE CLASSIFICTION
Data:

Age (in year)                  No. of respondents               Percentage (%)
18-20                          30                               30
21-25                          37                               37
26-30                          15                               15
31-35                          06                               06
36-40                          07                               07
41 above                      05                               05
Total                          100                              100



Analysis:

                        AGE WISE CLASSIFICTION
             7.7              5.5
                                                         30.3
      6.6
                                                                          18-20
                                                                          21-25
                                                                          26-30
                                                                          31-35
                                                                          36-40
                                                                          41 above
     15.15

                                                     37.37



Interpretation:
Above Graph shows are 30% of respondent in age group of 18-20, 37%of respondent in
age group of 21-25, 15% of respondent in age group of 26-30, 7% and 5% respondent are come
in 36- 40 and 41above.




                                            36
2. OCCUPATION WISE CLASSIFICATION




Occupation                      No. of respondents                             Percentage (%)
Agriculture                     47                                             47
Student                         30                                             30
Business                        12                                             12
Serviceman                      08                                             08
Others                          03                                             03
Total                           100                                            100




Analysis:

                  OCCUPATION WISE CLASSIFICATION
                            No. of respondents            percentage (%)
     47   47




                  30   30




                               12    12
                                                 8        8
                                                                   3       3


    Agriculture   Student      Business     Serviceman             Others




Interpretation: Above Chart Shows that 47 respondent are belonging Agriculture
occupation out of 100 and 30 are the students. 12 respondents are businessman.




                                                     37
3. Income wise clacification
Income Level                   No. of respondents              Percentage (%)
Less -5000                     54                              54
5000-10,000                    25                              25
10,000-15,000                  11                              11
15,000-20,000                  07                              07
20,000 Above                   03                              03
 Total                          100                             100




                          Income wise clacification
                    7.7        3.3


   11.11


                                                                        less-5000
                                                                        5000 -10000
                                                                        10,000-15,000
                                                                        15,000-20,000
                                                               54.54
                                                                        20,000 Above


     25.25




Interpretation:
Above graph shows that 54% of respondents are income in =5000 income level,
Second 25% of respondents are of 5000-10,000 income level. 11% of respondents are of 10,000-
15,000, 7% of respondents are of 15,000-20,000 and remain 3% of respondents above 20,000 of
income level




                                             38
4. SOURCES OF FINANCE
Data:
Sources of            By cash                By loan                Total
Finance
Agriculture           31                     16                     47
Student               11                     17                     30
Business              10                     2                      12
Profession            3                      5                      8
Others                1                      2                      3
Total                 46                     54                     100


Analysis:
 50

 45

 40

 35

 30                                                                     Agriculture
                                                                        Student
 25
                                                                        Business
 20
                                                                        Profession
 15
                                                                        Others
 10

  5

  0
          By cash          By loan         Total




Interpretation:
Above Graph shows that 54 people purchase Hero Honda Bike by Loan and 46 people purchase
Hero Honda Bike by Cash.




                                           39
5. MEDIUM OF SOURCES
Data:
Sources                        No. of respondents             Percentage (%)
News Paper                     12                             12
T.V.Advertisement              14                             14
Friends                        26                             26
Others                         48                             48
Total                          100                            100



                                      Sales
                                          12
      48
                                                       14


                                                                    News Paper
                                                                    T.V.Advertisement
                                                                    Friends
                                                                    Others

                                                      26




Interpretation:
Above graph shows that 48 % respondents are come to know from the Ĵotherµ. Then 26 %
respondents are come to know from the Ĵfriendsµ. 14 %  12 % respondents are come to know
from
the T.V.Advertisement  news paper.




                                            40
Findings And Recommendation




                      41
Findings
In current market scenario, respondents give maximum no. of weight age to

      price then after they consider mileage and colors respectively.

The study shows that more no. of respondents have connected as sources of

      income from agriculture.

The study shows that 51 respondents are already user of Bajaj

      motorcycle. So Bajaj auto is popular automobile company in study region.

The study show that 48 respondents are come to know from ʊothersԡ and 26

      respondents are come to know from ʊfriendsԡ about Bajaj auto.

The study shows that 55 respondents are purchase Bajaj auto bike by Loan

      and 45 respondents are purchase Bajaj auto bike by cash.

The study shows that 31 respondents are give more points to mileage.

The study shows that 46 respondentsµ father take a decision to purchase bike

   And 42 respondents take a self decision to purchase bike.

The study shows that 30 respondents are give rank to availability of show

      rooms and 35 respondents are give rank to service.
                                        

The study shows that 43 respondents are giving excellent to festival offer and
         41 respondents are give poor rank to the anniversary offer.




                                        42
Summary And Conclusion




                         43
Conclusion based on work:
The Project Work Has Helped In Different Aspects. Each of which is stated below

1. Provided Complete Information Of Bajaj Auto Company

2. Explained The Concepts Of Marketing In Detail.

3. Provided A Full Length Marketing Strategy Of Bajaj

4. Displayed All Tabular Information Of Bajaj Sales And Profits In Graphical
Form

5. Provided With Findings And Recommendations

Conclusion Based On Learning Benefits
Project work is a unique opportunity in gaining practical knowledge. B.Y.K
College of commerce provides this opportunity to its students.This projectwork has
helped me personally, it has helped me in confidence building through which now I
can communicate to any corporate staff.
Project work has its own learning benefits, I have learned many aspects while
completing the project, like communicating at corporate places, gathering
information from various sources.
Project work has proved to be a significant experience in my college tenure. In
future it will help me while getting a job as it contributes as an important
weightage in my resume.
This project work has enhanced many of my personal skills like communication
skills, corporate manners and etiquettes, writing skills and grammar




                                         44
ANNEXURE




           45
Questionnaire


yCUSTOMER PERSONAL INFORMATION:-
A. Name: - ___________________________________________

B. Address:-___________________________________________
          ___________________________________________
          ___________________________________________

C. Contact No.:-__________________________________________

D. Gender: Male / Female

E. Age (in year):-

           18 to 20   ( )               21 to 25     ( )
           26 to 30   ( )              31 to 35      ( )
           36 to 40   ( )              41  above    ( )

F. Occupation:-

           Agriculture      ( )            Businessman     ( )
           Students         ( )            Professional    ( )
           Others           ( )

G. monthly income:-
         Less - 5000    ( )                5000-10,000   ( )
          10,000-15,000 ( )                15,000-20,000 ( )
          20,000 Above ( )

H. What is your level of satisfaction towards Bajaj motorcycle?
    a.0-25%        ( )              b.25-50%           ( )
    c.50-75%       ( )              d.75-100%          ( )


                                  46
I. How do you feel when you ride your Bajaj motorcycle?
     a. Excited        ( )                  b. Playful ( )
     c. Happy          ( )                 d. Boring ( )
     e. Uncomfortable ( )

J. What new /innovation would you like to see in Bajaj Pulsar
motorcycle?
____________________________________________________
_________


K. Do you own a motorcycle?
a. Yes ( )                  b. No ( )
L. Overall, how would you rate Bajaj Auto?
a. Excellent                ( )       b. Good         ( )
c. Neither good Nor Bad     ( )       d. Bad          ( )
e. Very Bad                 ( )


M. Are you aware of giving free service of your motorcycle to
the Showroom?
a.Yes                  ( )             b. No         ( )


N. Which motorcycle of Bajaj Auto do you own?
__________________________________________
O. What was the source of information for the purchase of Bajaj
Pulsar motorcycle?
a. Family              ( )            b. Friends           ( )
c. Media               ( )            d. Mechanics         ( )

                               47
e. Dealers                 ( )
f. Others                  ( )__________(Please Specify)


P. Are you satisfied of giving your motorcycle for free service
from the showroom?
a. Yes              ( )                 b. No                ( )


Q. Give your suggestion if any:
__________________________________________________________
__________________________________________________________
_____________________________________


                                       Sign.___________________
                                       Date.___________________




                                  48
BIBLIOGRAPHY


Bajaj auto, Wasan and sons


GURU NANAK HOUSE ,

NEW AGRA ROAD
422002


Website Name:
www.bajajauto.com
www.google.com




                                  49
Executive Summary




                    50
The present is the era of customers. Customers are more knowledgeable than ever
before  because the customer is more knowledgeable companies must be faster,
more agile and more creative than few years ago. So companies should strive to
enhance customer satisfaction through knowing their expectations regarding
products.

It can be concluded on the basis that market research must be used to find out
whether customer͛s expectation are being met by current products or services.

Consumer perception is based on the images consumers have of the organization
and its products, this can be based; on value for money, product quality , fashion
and products reliability. This is anticipating future trends and forecasting for future
sales. This is vital to any organisation if they wish to keep their entire current
market share and develop more. Generating income or profit principle clearly
states that the need of the organization is to be profitable enough to generate
income or growth and satisfying the customer is a big part of a companies plans
they also need to take into account their own needs.

For making satisfactory progress an organisation need to make sure that their
product is developing along with the market, if a product is developing well, then
income should increase, if not then the marketing strategy should be revised. An
organization should always know what is happening within their designated
market, if it is changing, saturation, technological advances, slowing down or
rapidly growing, being up to date on this is essential for companies to survive.

There are also certain external factors that a company should be very aware of
such as P.E.S.T factors i.e (political, environmental, social, and technological)

And S.W.O.T i.e (strength, weakness, opportunity, and threat). A business must
take into account all these constraints when designing and introducing a marketing
strategy.



It can be concluded that an organization must treat customers as a king in the
market and provide them essential, satisfied and quality products and than the
consumer buying activity will increase and subsequently sales will increase.


                                           51

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50035324 study-on-consumer-buying-behaviour-amp-satisfaction-level-of-two-wheeler-with-refrence-to-bajaj-auto-ltd

  • 1. STUDY ON CONSUMER BUYING BEHAVIOR & SATISFACTION LEVEL OF TWO WHEELER WITH REFRENCE TO BAJAJ AUTO. PROJECT REPORT SUBMITTED TO UNIVERSITY OF PUNE FOR THE PARTIAL FULFILLMENT OF THE DEGREE BACHELOR OF COMMERCE BY SUBHADIP.SUNIL.MAITY B.Y.K (SINNAR) COLLEGE OF COMMERCE, NASHIK-5 T.Y.B.COM. , DIVISION :- H ROLL NO:-731 YEAR: 2011-2012 GUIDED BY MRS.KALPANA.KAREGAONKAR 1
  • 2. ACKNOWLEDGEMENT I have pleasure in successful completion of this work titled: Study on consumer buying behavior & satisfaction level of two wheeler with reference to Bajaj auto ltd. The special environment at B.Y.K College of Commerce, Nasik that always support educational activities, facilitated my work on this project. I acknowledgement the support and encouragement, extended for this study by Principal Dr. Dhanesh Kalal. I greatly appreciate the motivation and understanding extended for the project work, by Ashok. Hemrajani (Manager) and the staff of the surveyed business unit, who, responded promptly and enthusiastically to my requests for frank comments despite their congested schedules. I am indebted to all of them, who did their best to bring improvement through their suggestions. I am very much thankful to Mrs. Kalpana. karegaonkar for his/her encouragement and guidance for this project work. It would not have been possible for me to complete this work without his/her suggestions on every part of this work. I acknowledge the authors, whose works gave me insight and information related to this subject. I am thankful to library staff and administrative staff of the B.Y.K College who, directly, or indirectly, have all been helpful in one way or another. I thank my father and mother who encouraged me to extend my reach with their help and support, I have been able to complete this work. Signature (Name of the student) Date:- 2
  • 3. INDEX 1. Introduction 1.1 Need And Importance Of Project Work. 1.2 Objectives Of Project Work 1.3 Methodology 2. Bajaj Auto Profile 2.1 Achievements 3. Product Profile 4. Theory 5. Data Analysis And Interpretation 6. Findings And Recommendation 7. Conclusion 7.1 Based On Work 7.2 Based On Learning Benefits Annexure Questionnare Other literature to be attached Bibliography Executive Summary 3
  • 5. NEED AND IMPORTANCE OF PROJECT WORK:- Two Wheeler Auto Mobile¶s Introduction Throughout the centuries man has striven to expand his capabilities through the use of machine. His ever inventive mind has constantly devised ways to use tool to increase his abilities to explore the world around him. To go faster, deeper, higher and further than before was it. Coupled with his need to find new thrills, new adventures and new modes of transportation, the invention refinement of the motorcycle seems an inevitable outcome. It would seem that Michelangelo conceived of the bicycle as early 14th century. And his drawing shows a remarkable resemblance to he modern day bike. It had wheels of similar size and even pedals and chain. Albeit made without any apparent means of steering. Through never built, it was a remarkably clever design, and early bicycle makers would have done well to study his concepts, there have, in fact been 4 machines built based on his drawing, attesting to the viability of his design. In 1885 the Daimler, Europe this is consider by many as the first true motorcycle or motor bicycle, as it was the first to employ an internal combustion engine and was designed from the ground up to be motor powered. Designed by gottlibe Daimler it was powered by an Otto cycle engine producing about ½ horse powers. Note this design again employed wooden wheels and Daimler dropped the twist grip controls from his 1877 design in favor of leavers on the frame. In 1898 orient-Aster, USA the American made production motorcycle was this entry built by the Metz Company, in Waltham, mass, it used an aster engine that was a French copy of the Metz Company, in Waltham, mass. Introduction of India Two wheeler¶s Company Bikes or two wheelers in India cater to various needs of the consumers. With the choice of the Indians improving from bicycles to two wheelers, the Indian two- wheeler market has seen a significant growth over the years. Now owing a bike has become a must for most Indians. Even if people own a car they prefer to have a bike as it is very economical and fuel efficient. 5
  • 6. With the growth in the economy the demand for two wheelers is increasing over the years. It is one of the most dynamic industries today and with the increasing competition companies are bringing in new products with sophisticated technologies and innovative features to capture a major pie of the Indian market and itµs the consumer who is benefited from it.. With the availability of reduced consumer loans and high disposable income the Indian two-wheeler industry has perceived an exceptional growth over the past few years thereby making India the second largest market for two wheelers in the world only after China. The motorcycle has now become one most popular mode of transportation among the Indian middle class families because of it is cost effective, economical and easy to navigate through the traffic. Moreover, the people have started preferring bikes instead of scooters and mopeds and today bikes form a major part of the Indian two wheelers. Indian companies are one of the largest two wheeler manufacturers in the world. The number one bike manufacturer in the world, Bajaj auto is in close competition with the Indian manufacturer Bajaj India. The motorcycle industry in India has witnessed a tremendous change in the 90µs with the invention of 4 stroke engine which makes the bikes more fuel efficient. Further companies are trying to bring in more innovations to make the motorcycle ride more comfortable, safe and user friendly and economical. In a nut shell the followings factors can be distinguished for the growth of motorcycle industry in India: y Easy accessibility to cheap consumer loans y The increase in the average income of the family. y The reduction in duties and taxes. y Convenience with regards to commuting as compared to the public transport system. y The first choice among youths and teenagers. 6
  • 7. Introduction of Study Selling of any product, there is needed to build relationship with customer. For building a relationship there is need for knowing the customer behavior and how will be they satisfied? This project is undertaken to know the customer behavior satisfaction level for Bajaj auto at Nasik. Also through this project get awareness that which factors affect on the selling of bike mainly in the rural area. Because the area where project was undergoing, it is almost rural area and most population income depends on agriculture or its products. There were some limitations while doing the project. The data was collected by personal interviews of the respondents. It was very challenging to fill up the questionnaire as most of the population comes from rural back ground. As it was the rural area we were supposed to explain each and every question of the questionnaire. Also many of them did not show any interest in filling questionnaires. This study will help Bajaj auto to know the most popular way by which they are providing services and quality to the customers and to know various customers Perceptions. From the study, we found that, the customers were highly satisfied with the products and service of Bajaj auto, but there were some complaints regarding after sales service and staff of Bajaj auto. It was found that Bajaj auto Motorcycle is having a good brand image in the market. 7
  • 8. Objective of The Study:- To know consumer behavior for purchase of two wheeler bike. To identify the factor which influences on consumer decision? To study whether customers are satisfied regarding the two wheeler. Identifying possible areas of Improvement. In todayµs world customer is the key of the success of any business. So, Customer behavior and its satisfaction level play very key role to sale of the product. Thatµs why we decide to keep the project title related this key factor called ʊ ´Study on consumer buying behavior and satisfaction level of two wheeler with refrence to Bajaj auto.´Main purpose of the study was to know the customer buying behavior and demand into the minds of customer of Nashik because always customers say something and does something. At the same time as there are many companies manufacturing motorcycles, idea about thinking of customer on whether, what, how, and for whom to purchase the motorcycle.Therefore, research is required to measure present consumer buying behavior at the purchase of Bajaj auto bike. so the researcher problem is to identify what are the criteria that prospective customer takes into consideration before buying the motorcycles. Also after purchasing are customers being satisfied or not? 8
  • 9. METHODOLOGY For Preparing The Project And For Gathering Necessary Information Relating To The Project The Two Important Methods Of Data Collection Are Used, They Are As Follows: Primary Data Collection: 1. Distribution Of Questionnaire 2. Interview 3. BAJAJ Auto 4. Shopkeepers Opinion 5. Consumer Panels Secondary Data Collection 1. Survey 2. Statistics And Graphs 3. Observation 4. Newspapers 5. Magazines 6. Sales Records 7. Accounting Records 8. Internet 9
  • 10. Profile of The Company 10
  • 11. Profile of the Company BAJAJ AUTO PROFILE Logo Founded November 29, 1945 in Pune Maharashtra, INDIA Headquarters Bajaj Auto Limited Complex Mumbai-Pune Road Akurdi, Pune 411 035. Tel: (020) 27472851(Extn 6063), 27406063 Fax: (020) 27407380 e-mail: investors@bajajauto.co.in 11
  • 12. BAJAJ AUTO HEADQUARTERS Jamnalal Bajaj, Founder Rahul Bajaj, Chairman Key people Mr. Rajiv Bajaj, Managing Director Sanjiv Bajaj, Executive Director Industry Automotive Products Motorcycles, Scooters, Auto rickshaw Website www.bajajauto.com 12
  • 13. Board of Directors: Name of the Directors Designation Rahul Bajaj Chairman Vice President (Insurance, BFSL) Madhur Bajaj Vice Chairman Rajiv Bajaj Managing Director SanjivBajaj Executive Director Eric Vas President (New Projects) Abraham Joseph President (Research Development) Pradeep Shrivastava President (Engineering) S Sridhar CEO (2WH) R C Maheshwari CEO (Commercial Vehicles) Rakesh Sharma CEO (International Business) C P Tripathi Vice President (Corporate) N H Hingorani Vice President (Commercial) Kevin P D'sa Vice President (Finance) V S Raghavan CEO (Operations, BHIL) S Ravikumar Vice President (Business Development) K Srinivas President (Human Resources) Ranjit Gupta President (Insurance, BFSL) J. Sridhar Company Secretary 13
  • 14. Achievements y November 29 Bajaj Auto comes into existence as M/s Bachraj Trading Corporation Private Limited. y 1948 Sales in India commence by importing two- and three-wheelers. y 1959 Bajaj Auto obtains licence from the Government of India to manufacture two- and three-wheelers. y 1960 Bajaj Auto becomes a public limited company. Bhoomi Poojan of Akurdi Plant. y 1970 Bajaj Auto rolls out its 100,000th vehicle. y 1971 The three-wheeler goods carrier is introduced. y 1972 The Bajaj Chetak is introduced. y 1975 BAL Maharashtra Scooters Ltd. joint venture. y 1976 The Bajaj Super is introduced. y 1977 The Rear Engine Autorickshaw is introduced. Bajaj Auto achieves production and sales of 100,000 vehicles in a single financial year. y 1981 The Bajaj M-50 is introduced. January 19 Foundation stone laid for the new Plant at Waluj, Aurangabad. November 5 The Waluj plant inaugurated by the erstwhile President of India, Shri Giani Zail Singh. Production commences at Waluj, Aurangabad in a record time of 16 months. y 1986 The Bajaj M-80 and the Kawasaki Bajaj KB100 motorcycles are introduced. 500,000 vehicles produced and sold in a single financial year. y 1990 The Bajaj Sunny is introduced. y 1991 The Kawasaki Bajaj 4S Champion is introduced. y 1994 The Bajaj Classic is introduced. 14
  • 15. November 29 Bajaj Auto is 50. Agreements signed with Kubota of Japan for the development of diesel engines for three-wheelers and with Tokyo RD for ungeared Scooter and moped development. The Bajaj Super Excel is introduced while Bajaj celebrates its ten millionth vehicle. One million vehicles were produced and sold in this financial year. y 1997 The Kawasaki Bajaj Boxer and the RE diesel Autorickshaw are introduced. y 1998 Production commences at Chakan plant. June Kawasaki Bajaj Caliber rolls out of Waluj. July Legend, India's first four-stroke scooter rolls out of Akurdi. October Spirit launched. y 1999 Caliber motorcycle notches up 100,000 sales in record time of 12 months. y 2000 The Bajaj Saffire is introduced. y 2001 November Bajaj Auto launches its latest offering in the premium bike segment 'Pulsar'. January The Eliminator is launched. y 2003 October Bajaj Pulsar DTS-i is launched. October 107,115 Motorcycles sold in a month. July Bajaj Wind 125,The World Bike, is launched in India. February Bajaj Auto launched its Caliber115 Hoodibabaa! in the executive motorcycle segment. y 2004 October Bajaj Discover DTS-i launched August New Bajaj Chetak 4 stroke with Wonder Gear launched May Bajaj CT100 Launched January Bajaj unveils new brand identity, dons new symbol, logo and brandline y 2005 December Bajaj Discover launched June Bajaj Avenger DTS-i launched February Bajaj Wave DTS-i launched y 2006 April Bajaj Platina launched y 2007 December RE GDi autorickshaw launched September Bajaj XCD 125 DTS-Si launched August DTS-Si engine launched July Revamping of Organisational structure June Bajaj Pulsar 220 DTS-Fi launched April New Bajaj Auto Plant at Pantnagar, Uttarakhand February 200 cc Pulsar DTS-i launched January Bajaj Kristal DTS-i launched y 2008 September Bajaj Platina 125 DTS-Si launched August Bajaj XCD 125 DTS-Si is largest selling 125cc motorcycle July Bajaj Discover 135 DTS-i Upgrade Launched. June Bajaj Pulsar 220 bags IMOTY award 15
  • 17. Product of BAJAJ AUTO :- Market share of Bajaj auto Motorcycle:- Motorcycle: 17
  • 19. The Company The Bajaj Group is amongst the top 10 business houses in India. Its footprint stretches over a wide range of industries, spanning automobiles (two-wheelers and three-wheelers), home appliances, lighting, iron and steel, insurance, travel and finance. The group's flagship company, Bajaj Auto, is ranked as the world's fourth largest two- and three- wheeler manufacturer and the Bajaj brand is well-known across several countries in Latin America, Africa, Middle East, South and South East Asia. Founded in 1926, at the height of India's movement for independence from the British, the group has an illustrious history. The integrity, dedication, resourcefulness and determination to succeed which are characteristic of the group today, are often traced back to its birth during those days of relentless devotion to a common cause. Jamnalal Bajaj, founder of the group, was a close confidant and disciple of Mahatma Gandhi. In fact, Gandhiji had adopted him as his son. This close relationship and his deep involvement in the independence movement did not leave Jamnalal Bajaj with much time to spend on his newly launched business venture. Founded in 1926, at the height of India's movement for independence from the British, the group has an illustrious history. The integrity, dedication, resourcefulness and determination to succeed which are characteristic of the group today, are often traced back to its birth during those days of relentless devotion to a common cause. Jamnalal Bajaj, founder of the group, was a close confidant and disciple of Mahatma Gandhi. In fact, Gandhiji had adopted him as his son.This close relationship and his deep involvement in the independence movement did not leave Jamnalal Bajaj with much time to spend on his newly launched business venture. His son, Kamalnayan Bajaj, then 27, took over the reins of business in 1942. He too was close to Gandhiji and it was only after Independence in 1947, that he was able to give his full attention to the business. Kamalnayan Bajaj not only consolidated the group, but also diversified into various manufacturing activities. The present Chairman of the group, Rahul Bajaj, took charge of the business in 1965. Under his leadership, the turnover of the Bajaj Auto the flagship company has gone up from Rs.72 million to Rs.46.16 billion (USD 936 million),its product portfolio has expanded from one to and the brand has found a global market. He is 19
  • 20. one of India's most distinguished business leaders and internationally respected for his business acumen and entrepreneurial spirit. His son, Kamalnayan Bajaj, then 27, took over the reigns of business in 1942. He too was close to Gandhiji and it was only after Independence in 1947, that he was able to give his full attention to the business. Kamalnayan Bajaj not only consolidated the group, but also diversified into various manufacturing activities. The present Chairman of the group, Rahul Bajaj, took charge of the business in 1965. Under his leadership, the turnover of the Bajaj Auto the flagship company has gone up from INR.72 million to INR. 120 billion, its product portfolio has expanded and the brand has found a global market. He is one of India¶s most distinguished business leaders and internationally respected for his business acumen and entrepreneurial spirit. 20
  • 21. Dealer profile Mr. Pradip. Wasan and Mr.Vijay. Wasan have started journey with Bajaj auto ltd. on 1960 as starting workshop service station of New Agra Road, Nashik. After achieving some milestone in the company they are appointed as an authorized dealer of New Agra Road, Nashik. Bajaj auto was established in Pune (Akrudi). In years Bajaj auto achieve many remarkable milestone and being one of the leading dealer behalf of Bajaj auto has given 4s (Sales, Service, Spares Safety) facilities to the Wasan and son. Bajaj auto at nashik 21
  • 22. Service center of Bajaj auto 22
  • 23. Value of Bajaj auto: Trust Satisfaction Passion VISION To make Bajaj Auto the dominant for best service provider dealer built on trust by all class people. This we hope to achieve by: Understanding the needs of customers and offering them superior products and service Leveraging technology to service customers quickly, efficiently and conveniently Providing an enabling environment to faster growth and learning for our employees And above all, building transparency in all our dealings. MISSION Understanding the needs of customers and offering them superior products and service Building long lasting relationships with their customers Bajaj auto. Providing an enabling environment to faster growth and learning for their employees DEALER¶S ARD SERVICE STATIION There Are 1Dealer Showroom, 1 Main Service station Workshop, 3 ARD (Authorized Representative of Dealer).Which details are given bellow TYPE NAME ADDRESS DEALER SHOWROOM Bajaj Probiking Shop No :1, Rushiraj Heights, , Mahatma Nagar, 422007 SERVICE WASAN SONS GURU NANAK HOUSE STATIONWORKSHOP , NEW AGRA ROAD 422002 23
  • 24. DEALER¶S ORGANIZATION STRUCTURE OWNER SHOW ROOM SERVICE STATION WORK SALES GODOWN ACCOUNT MANAGER MANAGER INCHARGE MANAGER FLOOR LINE FRONT LINE PARTS MECHANICS P.D.I SUP. SUP. MANAGER INCHARGE HELPER WASHER BOY DELIVERY BOY HOUSE KEEPING MECHANICS SALES/FILE PASSPORT D EXE. EXE. CASHIER BILL /BOOKING PASSPORT SERVICE EXE. EXE. ADVISOR SAFETY SERVICE R.T.O / FINANCE EXE. ADVISOR ADVISOR INSURANCE 24
  • 26. E-R diagram shows the process from inquiry of customers to delivery of bike or any services. It shows the relation between entities. (Secondary data collection from RTO and data is related to Nashik ciy) 26
  • 27. CUSTOMER BEHVIOUR The main aim of marketing is meet and satisfy target customers need and wants buyer behavior refers to the peoples or organization conduct activities and together with the impact of various influence on them towards making decision on purchase of product and service in a market. The field of consumer behavior studies how individuals, groups and organization select, buy, use and despise of goods, service, ideas, or experience to satisfy their needs and desires understanding consumer behavior and knowing customer are never simple. The wealth of products and service produced in a country make our economy strong. The behavior of human being during the purchase is being termed asʊBuyer Behaviorԡ. Customer says one thing but do another. They may not be in touch with their deeper motivations. They are responding to influences that change their mind at the last minute. A buyer makes take a decision whether save or spend the money. Definition of Buyer Behavior:- Buyer behavior is ʊall psychological, Social and physical behaviors of potential customers as they become aware of evaluate, purchase, consume and tell others about product service. Customer buying Decision Process There are following five stages in consumer buying decision process. 1. Problem identification:- The buying process starts when the buyer recognizes a problem or need. The need 27
  • 28. can be triggered by internal or external stimuli. Marketers need to identify the circumstances that trigger a particular need. By gathering information from a number of consumers, Marketers can identify the most frequent stimuli that spark an interest in a product category. They can then develop marketing strategies that trigger consumer interest. 2. Information Search:- The consumer tries to collect information regarding various products/service. Through gathering information, the consumer learns about completing brands and their features. Information may be collected form magazines, catalogues, retailers, friends, family members, business association, commercial, chamber of commerce, telephone directory, trade fair etc. Marketers should find out the source of information and their relative degree of importance to the consumes. Personal Sources: Family, friends, neighbor, as quittances. Commercial Source: Advertising, sales persons, dealers, packaging, displays. Public sources: mass media, consumer, rating organizations. Experimental sources: Handling. Examine, using the product. 3. Evaluation of alternative:- There is no single process used by all consumers by one consumer in all buying situations. There is several First, the consumer processes, some basic concepts are: First, the consumer is trying to satisfy need. Second, the consumer is looking for certain benefits from the product solutions. 28
  • 29. The marketer must know which criteria the consumer will use in the purchase decision. 4. Choice of purchasing decision:- From among the purchase of alternatives the consumer makes the solution. It may be to buy or not to buy. If the decision is to buy. The other additional decisions are: Which types of bike he must buy? From whom do you buy a bike? How the payment to be made? And so on. The marketer up to this stage has tried every means to influence the purchase behavior, but the choice is properly consumers. In the evaluation stage the consumer forms preferences among the brands in the choice set. The consumer may also form an intention to but the most preferred brand. 5. Post Purchase Behavior:- After purchase the product, the consumer will experience the same level of product. The Marketerµs job not end when the product is buying must monitor post-purchase satisfaction, post-purchase action, post -purchase use and disposal Post Purchase Satisfaction:- The customer, satisfaction is a function Of closeness between the buyer, expectation and the products Perceiver performance. The larger the gap between expectation and performance, the greater the consumer dissatisfaction. Post purchase Action:- 29
  • 30. The Consumer, satisfaction or dissatisfaction with the product influence subsequent behavior. If the consumer satisfied, he or she will exhibit a higher probability of purchasing the product again. Dissatisfaction consumer may abandon and return the product. Post-Purchase Use or Disposal:- The marketer should also monitor new buyers use and dispose of the product. If the consumer store the product in a close, the product is probably not very satisfying. If the consumer throws the product away, the marketer needs to know how they dispose of it; especially it can be hurt the environment. Characteristic of Buyer Behaviors The chief characteristics of the buyers behaviors are as follow:- (1) It consists of mental and physical activities which consumers undertake to get goods and services and obtain satisfaction from them. (2) It includes both observable activities such as walking through the market to examine merchandise and making a purchase and mental activities-such as forming attituzes, perceiving advertising material, and learning to prefer particular brands. (3) Consumer behaviors are very complex and dynamic to constantly changing. And therefore, management need to adjust with the change otherwise market may be lot. (4) The individuals specific behaviors in the market place is affected by internal factor, such as need, motives, perception, and attitudes, as well as by external of environmental influences such as the family social groups, culture, economics and business influences. 30
  • 31. Stimulus - Response model for buyer behavior: 31
  • 32. Research design A research design is the detailed blue print used to guide a research study towards its objectives. It helps to collect, measure and analysis of data. The present study seeks to find out the consumers attitude towards buying of bike. The study also aims at findings out the drawbacks of the marketing set up of Hero Honda. So this makes the study a descriptive one. Type of Research The study undertaken is of ʊDescriptive Researchԡ in nature. Nature of Research The study is ʊquantitativeԡ in nature. It is structured, standardized, question based interview. Sources of Data Secondary Source In this study the secondary data is collected from the following sources. 1. Companyµs website 2. Reports of Company 3. Discussion with marketing and sales staff 4. Books on Marketing and Research methodology Primary Source The Primary source of collecting data for research is: Questionnaire filled by the customers of Supreme Auto. 32
  • 33. Primary Data of Collection Research Technique In this study the ʊsurvey methodԡ is used as a research technique. This method helps to obtain right information from respondents. Contact Method In this study ʊPersonal Exit interviewԡ it is taken as a tool for the contact method. In which the personal interview is conducted with customers of Westside. Sampling plan Sampling is a process of obtaining. The information about the entire population by examine a part of it .The effectiveness of the research depends on the sample size selected for the survey purpose. The survey was conducted in nashik city:- Sampling Unit:- 33
  • 34. It means ʊWho is to be surveyedԡ. Here target population is decided and it is who are interested to purchase ʊBikeԡ and sampling frame is developed so that everyone in the target population has known chance of being sampled. So the survey is conducted particularly in Nashik city. Sample size:- For the purpose of proper survey, there is need of perfect research instruments to find out sample size for more accurate result about buying behavior of bike. The sample size is 100 respondents. Sample Element The sample element of research is customer of Supreme Auto. Sample Extent The sample extent is limited to Nashik city. Sample Duration The sample duration between June 2009 and July 2009 Sampling Procedure The sampling procedure followed is convenience. Research Instrument In this study the research instrument is ʊQuestionnaireԡ. It consists of set of question presented to respondents. The questionnaire is structured combinations of various close and open ended questions. Close ended question already have the possible answers and the open ended question allow the respondents to answer in their own word. 34
  • 35. Data Analysis and Interpretation 35
  • 36. 1. AGE WISE CLASSIFICTION Data: Age (in year) No. of respondents Percentage (%) 18-20 30 30 21-25 37 37 26-30 15 15 31-35 06 06 36-40 07 07 41 above 05 05 Total 100 100 Analysis: AGE WISE CLASSIFICTION 7.7 5.5 30.3 6.6 18-20 21-25 26-30 31-35 36-40 41 above 15.15 37.37 Interpretation: Above Graph shows are 30% of respondent in age group of 18-20, 37%of respondent in age group of 21-25, 15% of respondent in age group of 26-30, 7% and 5% respondent are come in 36- 40 and 41above. 36
  • 37. 2. OCCUPATION WISE CLASSIFICATION Occupation No. of respondents Percentage (%) Agriculture 47 47 Student 30 30 Business 12 12 Serviceman 08 08 Others 03 03 Total 100 100 Analysis: OCCUPATION WISE CLASSIFICATION No. of respondents percentage (%) 47 47 30 30 12 12 8 8 3 3 Agriculture Student Business Serviceman Others Interpretation: Above Chart Shows that 47 respondent are belonging Agriculture occupation out of 100 and 30 are the students. 12 respondents are businessman. 37
  • 38. 3. Income wise clacification Income Level No. of respondents Percentage (%) Less -5000 54 54 5000-10,000 25 25 10,000-15,000 11 11 15,000-20,000 07 07 20,000 Above 03 03 Total 100 100 Income wise clacification 7.7 3.3 11.11 less-5000 5000 -10000 10,000-15,000 15,000-20,000 54.54 20,000 Above 25.25 Interpretation: Above graph shows that 54% of respondents are income in =5000 income level, Second 25% of respondents are of 5000-10,000 income level. 11% of respondents are of 10,000- 15,000, 7% of respondents are of 15,000-20,000 and remain 3% of respondents above 20,000 of income level 38
  • 39. 4. SOURCES OF FINANCE Data: Sources of By cash By loan Total Finance Agriculture 31 16 47 Student 11 17 30 Business 10 2 12 Profession 3 5 8 Others 1 2 3 Total 46 54 100 Analysis: 50 45 40 35 30 Agriculture Student 25 Business 20 Profession 15 Others 10 5 0 By cash By loan Total Interpretation: Above Graph shows that 54 people purchase Hero Honda Bike by Loan and 46 people purchase Hero Honda Bike by Cash. 39
  • 40. 5. MEDIUM OF SOURCES Data: Sources No. of respondents Percentage (%) News Paper 12 12 T.V.Advertisement 14 14 Friends 26 26 Others 48 48 Total 100 100 Sales 12 48 14 News Paper T.V.Advertisement Friends Others 26 Interpretation: Above graph shows that 48 % respondents are come to know from the Ĵotherµ. Then 26 % respondents are come to know from the Ĵfriendsµ. 14 % 12 % respondents are come to know from the T.V.Advertisement news paper. 40
  • 42. Findings In current market scenario, respondents give maximum no. of weight age to price then after they consider mileage and colors respectively. The study shows that more no. of respondents have connected as sources of income from agriculture. The study shows that 51 respondents are already user of Bajaj motorcycle. So Bajaj auto is popular automobile company in study region. The study show that 48 respondents are come to know from ʊothersԡ and 26 respondents are come to know from ʊfriendsԡ about Bajaj auto. The study shows that 55 respondents are purchase Bajaj auto bike by Loan and 45 respondents are purchase Bajaj auto bike by cash. The study shows that 31 respondents are give more points to mileage. The study shows that 46 respondentsµ father take a decision to purchase bike And 42 respondents take a self decision to purchase bike. The study shows that 30 respondents are give rank to availability of show rooms and 35 respondents are give rank to service. The study shows that 43 respondents are giving excellent to festival offer and 41 respondents are give poor rank to the anniversary offer. 42
  • 44. Conclusion based on work: The Project Work Has Helped In Different Aspects. Each of which is stated below 1. Provided Complete Information Of Bajaj Auto Company 2. Explained The Concepts Of Marketing In Detail. 3. Provided A Full Length Marketing Strategy Of Bajaj 4. Displayed All Tabular Information Of Bajaj Sales And Profits In Graphical Form 5. Provided With Findings And Recommendations Conclusion Based On Learning Benefits Project work is a unique opportunity in gaining practical knowledge. B.Y.K College of commerce provides this opportunity to its students.This projectwork has helped me personally, it has helped me in confidence building through which now I can communicate to any corporate staff. Project work has its own learning benefits, I have learned many aspects while completing the project, like communicating at corporate places, gathering information from various sources. Project work has proved to be a significant experience in my college tenure. In future it will help me while getting a job as it contributes as an important weightage in my resume. This project work has enhanced many of my personal skills like communication skills, corporate manners and etiquettes, writing skills and grammar 44
  • 45. ANNEXURE 45
  • 46. Questionnaire yCUSTOMER PERSONAL INFORMATION:- A. Name: - ___________________________________________ B. Address:-___________________________________________ ___________________________________________ ___________________________________________ C. Contact No.:-__________________________________________ D. Gender: Male / Female E. Age (in year):- 18 to 20 ( ) 21 to 25 ( ) 26 to 30 ( ) 31 to 35 ( ) 36 to 40 ( ) 41 above ( ) F. Occupation:- Agriculture ( ) Businessman ( ) Students ( ) Professional ( ) Others ( ) G. monthly income:- Less - 5000 ( ) 5000-10,000 ( ) 10,000-15,000 ( ) 15,000-20,000 ( ) 20,000 Above ( ) H. What is your level of satisfaction towards Bajaj motorcycle? a.0-25% ( ) b.25-50% ( ) c.50-75% ( ) d.75-100% ( ) 46
  • 47. I. How do you feel when you ride your Bajaj motorcycle? a. Excited ( ) b. Playful ( ) c. Happy ( ) d. Boring ( ) e. Uncomfortable ( ) J. What new /innovation would you like to see in Bajaj Pulsar motorcycle? ____________________________________________________ _________ K. Do you own a motorcycle? a. Yes ( ) b. No ( ) L. Overall, how would you rate Bajaj Auto? a. Excellent ( ) b. Good ( ) c. Neither good Nor Bad ( ) d. Bad ( ) e. Very Bad ( ) M. Are you aware of giving free service of your motorcycle to the Showroom? a.Yes ( ) b. No ( ) N. Which motorcycle of Bajaj Auto do you own? __________________________________________ O. What was the source of information for the purchase of Bajaj Pulsar motorcycle? a. Family ( ) b. Friends ( ) c. Media ( ) d. Mechanics ( ) 47
  • 48. e. Dealers ( ) f. Others ( )__________(Please Specify) P. Are you satisfied of giving your motorcycle for free service from the showroom? a. Yes ( ) b. No ( ) Q. Give your suggestion if any: __________________________________________________________ __________________________________________________________ _____________________________________ Sign.___________________ Date.___________________ 48
  • 49. BIBLIOGRAPHY Bajaj auto, Wasan and sons GURU NANAK HOUSE , NEW AGRA ROAD 422002 Website Name: www.bajajauto.com www.google.com 49
  • 51. The present is the era of customers. Customers are more knowledgeable than ever before because the customer is more knowledgeable companies must be faster, more agile and more creative than few years ago. So companies should strive to enhance customer satisfaction through knowing their expectations regarding products. It can be concluded on the basis that market research must be used to find out whether customer͛s expectation are being met by current products or services. Consumer perception is based on the images consumers have of the organization and its products, this can be based; on value for money, product quality , fashion and products reliability. This is anticipating future trends and forecasting for future sales. This is vital to any organisation if they wish to keep their entire current market share and develop more. Generating income or profit principle clearly states that the need of the organization is to be profitable enough to generate income or growth and satisfying the customer is a big part of a companies plans they also need to take into account their own needs. For making satisfactory progress an organisation need to make sure that their product is developing along with the market, if a product is developing well, then income should increase, if not then the marketing strategy should be revised. An organization should always know what is happening within their designated market, if it is changing, saturation, technological advances, slowing down or rapidly growing, being up to date on this is essential for companies to survive. There are also certain external factors that a company should be very aware of such as P.E.S.T factors i.e (political, environmental, social, and technological) And S.W.O.T i.e (strength, weakness, opportunity, and threat). A business must take into account all these constraints when designing and introducing a marketing strategy. It can be concluded that an organization must treat customers as a king in the market and provide them essential, satisfied and quality products and than the consumer buying activity will increase and subsequently sales will increase. 51