bajaj auto ltd
TRANSCRIPT
- 1. BAJAJ AUTO LIMITED
- A
- JOURNEY FROM
- HAMARA BAJAJ
- TO
- DISTINCTLY AHEAD
- 2. BACKGROUND
- Founded in 1926 A.D. by Jamnalal Bajaj.
- Initially known as Bachraj Trading Corporation Ltd., a trading company.
- In mid-40s started as an importer of 2-&3-wheelers.
- In 1959, secured a License from GoI to manufacture 2- & 3-wheelers.
- In 1960 A.D. was renamed as BAL.
- In 1960, started manufacturing & exports of motorscooters, motorcycles & automobiles.
- 3. BAL & Indian 2-wheeler Mkt.
- In 1959, secured license from GOI.
- Indian industry plagued by License Raj.
- BAL launched CHETAK its flagship scooter model in 1972.
- 4. Hamara Bajaj
- Positioned CHETAK brand with this ad campaign.
- Core Values : Reliable & Trustworthy.
- Campaign based on V-F-M products.
- Ad campaign helped bajaj position CHETAK:
- a geared model-scooter occuping near iconic status.
- 5. Turning Point.Why?
- BAL drastic declining of sales in 1990.
- Main reasons cited:
- Shift in Consumers Preference,
- Recession,
- Neglecting Customers
- 6. Paradigm Shift
- In 2000 BAL lost its No.1 position to HHL.
- Geared Scooter Sales drop by 41% in 2001.
- Growing popularity of Motorcycles.
- Change in consumer preference,
- from scooters to 4-stroke engine motorcycle.
- Reoriented business: launched series of new motorcycle in market.
- 7. Change in Communication Strategy:
- 8. Inspiring Confidence
- Launched a series of motorcycle in an attempt to capture market share.
- In 2001, BAL showed slice of life situations of new age India.
- Analyst felt that by 2004, BALs image had undergone considerable change.
- But..
- 9.
- In spite of changing its focus & strategy from scooters to motorcycles BAL - MD felt that:
- "Like Volkswagen Beetle, the product (Bajaj Chetak) had lost its relevance."Rajiv Bajaj, MD, Bajaj Auto Ltd., in January 2006.
- "We believe it is not good enough to be better, it is important to be distinct.
- Rajiv Bajaj, Managing Director, BAL.
- This Lead to the strategy of
- 10. Distinctly Ahead
- BAL announced new corporate strategy in mid 2007.
- USP Styling & Technology.
- Repositioned itself aggressive & fast-paced.
- Distinctly Ahead focused on 3-core values:
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-
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- Innovation, Speed & Perfection.
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- 11.
- The ad featured pay-off line,
- Alag Andaaz, Alag hai Khoj, Rakhe Aage, Hamari Soch.
- Launched Bajaj Pulsar flagship brand- based on this strategy.
- 12. Product Portfolio:
- 13.
- THANK YOU
- PREPARED BY:
- MR. TARUN PAL,
- MBA (JUNE 07 09)
- INSTITUTE OF BUSINESS STUDIES & RESEARCH,
- CBD BELAPUR, NAVI MUMBAI.
- EMAIL ID: [email protected]