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Crompton Greaves: Consumer Electrical (Marketing)

Finance Student um Birla Institute of Management Technology
13. Mar 2020
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Crompton Greaves: Consumer Electrical (Marketing)

  1. Group 4 Shikhar Sahai 19DM194 Shivangi Shekhar 19DM200 Shubhda Sharma 19DM212 Sonakshi Gupta 19DM217 Yash Khurana 19DM236 Presentation by: Crompton Greaves Consumer electricals
  2. 1700 CR. 2672 CR. ABOUT THE COMPANY Innovative products such as Noela and anti- germ light. Fans, light sources, pumps and household appliances, such as geysers, mixer grinders, toasters and irons. First company to cross sales of a million fans in 1989 & in year 2013 sales crossed 10 million fans, the largest in the world Market cap of Rs 4478 Crore and share of 20%.
  3. COMPETITORS HAVELLS & ORIENT USHA & BAJAJ To win over the competitor, Crompton tries to squeeze in fan models in every price range and of every quality. They try to set prices in a price range by launching a product at the upper limit of the set price range. Fan market by type includes: ceiling, table, pedestal, exhaust and wall fans.
  4. STRENGTH 1. Wide product range. 2. Prompt after sales service. 3. Good understanding of market conditions. 4. Geographically wide spread and available. WEAKNESS 1. High working capital required. 2. Low brand recognition in general public. OPPORTUNITY 1. Urbanization is increasing demand, untapped rural market. 2. Expanding into global market. 3. Internet of things. 4. Energy efficient products. THREAT 1. Competent competitors well equipped with technology. 2. New international and domestic players entering the market. 3/13/2020 5 SWOT ANALYSIS
  5. 4 P’S PRODUCT PRICEPROMOTION PLACE
  6. 5 RURAL 3 STANDARD PLAIN 4 ECONOMY The company has various variants of fans. 1 SUPER PREMIUM 2 PREMIUM The revenue of the fan segment, which accounts for 45-47 per cent of the total revenue of the company, grew by 15 per cent in FY19, according to Kotak Institutional Equities. PRODUCTS
  7. PRODUCTS 1 2 3 4 5 6TITANS SUPER PREMIUM Price – 8000(approx) ADVANCER E- SENSEPREMIUM Price – 4700(approx) AIR-360 STANDARD PLAIN Price- 2500(approx)) BRIZ AIR ECONOMY Price – 1500(approx) PAVAN RURAL PRICE-700(approx) ADVANCER PRIMEPREMIUM Price – 4000(approx)
  8. PRODUCTS 10 7 8 9 JURA PRIME ECONOMY Price – 2000(approx) NEBULA, URANUS &JUPITERPREMIUM 7000(approx) MOUNT AIR PREMIUM 7000(approx) COOL BREEZE ECONOMY Price - 1500(approx)
  9. 1700 CR. 2672 CR.
  10. Pricing is set by the central office. Their premium pricing is based on competition, features and design. Price range is from 700rs- 7000rs PRICING
  11. 1700 CR. 2672 CR.
  12. PROMOTION • IPL advertisements • IPL Predict and Win competitions on social media Increased budget from 10 cr. to 60 cr. ADVERTISEME NT BUDGET DIGITAL BRANDING More visibility by providing schemes to retailers, shelf allowance VISIBILTY Exhibition in rural India e.g. Krishi Expo in Hisar EXHIBITION Through The line advertising (70% BTL and 30% ATL)
  13. BROCHURES PROMOTION
  14. DISTRIBUTO RS MORE THAN 3000 DISTRIBUTORS AND 1 LAKH RETAILERS. SERVICE CENTRES SALES SUPPORT OF OVER 500 CENTRES. HEAD OFFICE MUMBAI MARKET REACH THROUGH RESELLERS, WHOLESELLERS, RETAIL OUTLETS AND E- COMMERCE WEBSITE. MANUFACTURI NG PLANTS VADODRA, AHMEDNAGAR, BADDI AND GOA PLACE
  15. DISTRIBUTION CHANNEL
  16. DISTRIBUTRION STRATEGIES • B2B : Directly to businesses like Home Décor, Factory Electrical Equipment etc. No middleman is involved in between. • B2C: Store based retailing & non store based retailing. • Support Services : Technical support directly at home with over 500 service centres. • Current focus on building its own exclusive stores. • Building direct connect with retailers and electricians to create excitement and demand generations, to be serviced through existing dealers.
  17. RECOMMENDATIONS 1. Crompton should tap the rural market in a more efficient manner by bringing in cheaper options. 2. They should focus on celebrity endorsements as it helps garnering more attention . 3. Bring in BLDC TECHNOLOGY in fans. 4. Creative advertising- They should use funny and catchy TV advertisements. Their advertisements are very formal as compared to its competitors like Havells Usha etc.
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