honda report
TRANSCRIPT
PREFACE
This research paper is based on identified the brand values of
Hero Honda’s brand for this I have selected 7 brand of Hero
Honda Ltd and trying to find out result that which brand has more
values among the five values of brand. Hero Honda is the India’s
number one two wheeler company. It has maximum number of
customer in comparison to other two companies in India. Market
of two-wheeler is one of the biggest domains in India. I tried to
find out that which brand values are more associated to different
brand of Hero Honda.
At the end we were able to find some really amazing facts on
which our conclusions were based.
Gurupratap singh
ACKNOWLEDGEMENT
This project would not have came into existence without the
guidance and support of our mentor and H.O.D., DBA, Prof. Vibhor
Mishra who was there to help us and guide us at any hour of the
day.
I would like to extend my gratitude towards the customers who
gave their precious time to fill our questionnaire. At last I would
like to thank entire PGDM-1st year. And my family members whose
support and encouragement was required continuous.
Gurupratap singh
CONTENTS
PREFACE I
ACKNOWLEDGEMENT II
CHAPTERS
1. Introduction
1.1 Research Purpose
1.2 Research Objectives
1.3Company profile
2. Research Methodology
2.1 Research Design
2.2 Sample design
2.3Data collection
3. Analysis and Interpretation of Data
3.1 Data analysis
3.2 Survey finding
4. Limitations of the study
5. Suggestions and Recommendations
6. Conclusion
ANNEXURES
Questionnaires
BIBLIOGRAPHY
1. INTRODUCTION
1.1 PURPOSE
The purpose of this research is to understand the Brand
values of the seven Hero Honda bikes. To know among the five
brand values which value is more for different seven bikes.
1.2 OBJECTIVES
Based on the problem statement and the research
purpose the following objectives were constructed.
Main objectives-
1. To collect information about the Hero Honda bikes
which is used by users.
2. To Find out the status of Hero Honda bikes with
respect to their brand values.
3. To find out the satisfaction level of the Hero Honda
bikes with respect to different brands.
4. To get the response of customers about Hero Honda
bikes.
1.3 SCOPE OF THE STUDY
The research has covered only Lucknow city (few
location) customers using Hero Honda bikes.
I have covered only the users of Hero Honda bikes. So
that I can make out the results.
The research has performed on the “five values of
brand.”
COMPANY AND IT’S PRODUCTS PROFILE
Company history
“Hero” is the brand name used by the Munjal brothers in the year 1956 with the flagship company Hero Cycles. The joint venture between India's Hero Group and Honda Motor Company, they are related to Jagdish Lal Munjal
During the 80s, Hero Honda became the first company in India to prove that it was possible to drive a vehicle without polluting the roads. The company introduced new generation motorcycles that set industry benchmarks for fuel thrift and low emission. A legendary 'Fill it - Shut it - Forget it' campaign captured the imagination of commuters across India, and Hero Honda sold millions of bikes purely on the commitment of increased mileage
Hero Honda has consistently grown at double digits since inception; and today, every second motorcycle sold in the country is a Hero Honda. Every 30 seconds, someone in India buys Hero Honda's top -selling motorcycle - Splendor.
Hero Honda bikes currently roll out from two globally benchmarked manufacturing facilities based at Dharuhera and Gurgaon in Haryana. These plants together are capable of churning out 3.9 million bikes per year. A third state of the art manufacturing facility at Hardwar in Uttranchal will soon be commissioned to cope with sustained customer demand.
Hero Honda's extensive sales and service network now spans over 3000 customer touch points. These comprise a mix of dealerships, service and spare points, spare parts stockists and authorized representatives of dealers located across different geographies.
Hero Honda values its relationship with customers. Its unique CRM initiative - Hero Honda Passport Program, one of the largest programs of this kind in the world, has over 3 million members on its roster. The program has not only helped Hero Honda understand its customers and deliver value at different price points, but has also created a loyal community of brand ambassadors.
Just-in-Time Manufacturing
The Hero Group through the Hero Cycles Division uses just-in-time manufacturing. The Group boasts of superb operational efficiencies. Every assembly line worker operates two machines simultaneously to save time and improve productivity. The fact that most of the machines are either developed or fabricated in-house, has resulted in low inventory levels.
In Hero Cycles Limited, the just-in-time inventory principle has been working since the beginning of production in the unit. This is the Japanese style of production. In India, Hero is probably the only company to have mastered the art of the just-in-time inventory principle.
Criticism
There is a frequent complaint that the biking enthusiasts in India make in many Auto-related forums which is related to Hero Honda not making serious efforts to upgrade its models as frequently as its competitors like Yamaha,Bajaj and TVS. Many bike enthusiasts in India feel that Hero Honda only upgrades the "stickers" along with the names of its bikes.'Sticker' upgrading can be easily noticed by observing the technical specifications of the models Splendor, Splendor Plus, Passion, Passion Plus, Karizma, Karizma R. Another frequent complaint made by Bike enthusiasts is that Hero Honda has too many bike models with exactly same or similar engines despite of the company claiming that it caters to 'all segments'. While Bajaj rolls out new models with many improvements, there have been very less new or feature-upgraded models from Hero Honda.The latest bike from Hero Honda is Hunk which again has an engine more or less similar to
CBZ-Xtreme and now Yamaha has launched two new bikes YFZ-R15 and FZ16 to compete with Hero Honda and Bajaj
During the 80s, Hero Honda became the first company in India to
prove that it was possible to drive a vehicle without polluting the
roads. The company introduced new generation motorcycles that
set industry benchmarks for fuel thrift and low emission. A
legendary 'Fill it - Shut it - Forget it' campaign captured the
imagination of commuters across India, and Hero Honda sold
millions of bikes purely on the commitment of increased mileage.
Over 20 million Hero Honda two wheelers tread Indian roads
today. These are almost as many as the number of people in
Finland, Ireland and Sweden put together!
Hero Honda has consistently grown at double digits since
inception; and today, every second motorcycle sold in the country
is a Hero Honda. Every 30 seconds, someone in India buys Hero
Honda's top -selling motorcycle – Splendor. This festive season,
the company sold half a million two wheelers in a single month—a
feat unparalleled in global automotive history.
Hero Honda bikes currently roll out from its three globally
benchmarked manufacturing facilities. Two of these are based at
Dharuhera and Gurgaon in Haryana and the third state of the art
manufacturing facility was inaugurated at Haridwar, Uttrakhand in
April this year. These plants together are capable of producing out
4.4 million units per year.
Hero Honda's extensive sales and service network now spans
over 3000 customer touch points. These comprise a mix of
dealerships, service and spare points, spare parts stockiest and
authorized representatives of dealers located across different
geographies.
Hero Honda values its relationship with customers. Its unique CRM
initiative - Hero Honda Passport Program, one of the largest
programs of this kind in the world, has over 3 million members on
its roster. The program has not only helped Hero Honda
understand its customers and deliver value at different price
points, but has also created a loyal community of brand
ambassadors.
Having reached an unassailable pole position in the Indian two wheeler market, Hero Honda is constantly working towards consolidating its position in the market place. The company believes that changing demographic profile of India, increasing urbanization and the empowerment of rural India will add millions of new families to the economic mainstream. This would provide the growth ballast that would sustain Hero Honda in the years to come. As Brijmohan Lall Munjal, the Chairman, Hero Honda Motors succinctly points out, "We pioneered India's motorcycle industry, and it's our responsibility now to take the industry to the next level. We'll do all it takes to reach there.''
HERO HONDA'S MISSION
Hero Honda’s mission is to strive for synergy between technology, systems and human resources, to produce products and services that meet the quality, performance and price aspirations of its customers. At the same time maintain the highest standards of ethics and social responsibilities.
This mission is what drives Hero Honda to new heights in excellence and helps the organization forge a unique and mutually beneficial relationship with all its stake holders.
HERO HONDA'S MANDATE
Hero Honda is a world leader because of its excellent manpower, proven management, extensive dealer network, efficient supply chain and world-class products with cutting edge technology from Honda Motor Company, Japan. The teamwork and commitment are manifested in the highest level of customer satisfaction, and this goes a long way towards reinforcing its leadership status.
BOARD OF DIRECTORS
No
.
Name of the Directors Designation
1 Mr. Brijmohan Lall Munjal Chairman & Whole-time
Director
2 Mr. Pawan Munjal Managing Director & CEO
3 Mr. Toshiaki Nakagawa Joint Managing Director
4 Mr. Sumihisa Fukuda Technical Director
5 Mr. Om Prakash Munjal Non-executive Director
6 Mr. Sunil Kant Munjal Non-executive Director
7 Mr. Masahiro Takedagawa Non-executive Director
8 Mr. Satoshi Matsuzawa
(Alternate Director to Mr.
Non-executive Director
Takashi Nagai)
9 Mr. Pradeep Dinodia Non-executive & Independent
Director
10 Gen.(Retd.) Ved Prakash Malik Non-executive & Independent
Director
11 Mr. Analjit Singh Non-executive & Independent
Director
12 Dr. Pritam Singh Non-executive & Independent
Director
13 Ms. Shobhana Bhartia Non-executive & Independent
Director
14 Mr. Sunil Bharti Mittal Non-executive & Independent
Director
15. Mr. Meleveetil Damodaran Non-executive & Independent
Director
16. Mr. Arun Nath Maira Non-executive & Independent
Director
PRODUCT PROFILE
HERO HONDA SPLENDORIt is one of the largest selling motorcycle in the world. The bike specializes in dual use motorcycles that are underpower but very fuel efficient. It is an executive segment motorcycle specially made for the office goers
Company StrokeMaximum
PowerDisplaceme
nt
Hero Honda Motors Ltd.
4-Stroke, air cooled
7.1 bhp/ 8500 rpm
97.2 cc
Striking Features Splendid Looks
Excellent Performer Cushioned Ride
Colors Available Candy Tahitaian Blue Hi Performance Red Blaze Blue Metallic Cloud Silver Metallic Chilli Green Hi Granite Blue Tornado Grey Black with Blue Silver Stripe Black Calliper Yellow Black Old Stripe
Awards
Awaaz Consumer Award 2006:
Most Preferred Two Wheeler Brand in India.
Price Tag
Rs 40,650 Ex-Showroom in Delhi.
(The prices are to the close approximation. Please check the latest prices and variant specifications with your dealer.)
Technical Specifications
Dimension & weight
Overall height 1040 mm
Overall length 1950 mm
Wheelbase 1230 mm
Ground Clearance 159 mm
Kerb weight 100.3kg
Fuel Tank Capacity
10.5 litres
Engine
Type 4 - Stroke, air cooled
No. of cylinders 1
Displacement 97.2 cc
Electrical 12V-2.5AH
Transmission
No. of Gears 4 - speed
Performance
Maximum Power 7.1bhp/8500rpm
Start Kick start
Suspension
Front Telescopic hydraulic fork
RearHydraulic spring loaded type with both side action.
Tyre
Tyre (front) 2.75 x 18-4 PR
Tyre (rear) 2.75 x 18-6 PR
Brakes
Type of brake (front)
Drum type (130 mm Diameter)Optional: Disc type (240 mm Diamter)
Type of brake (rear)
Drum type (110 mm Diameter)
HERO HONDA KARIZMAget Set Go...
Hero Honda Karizma was the first real sports bike in India. The bike addresses to those who have a passion for speed and styling and head-turning looks. It has 17 ps power thrust and picks up 0-60 in 3.8 heart-stopping seconds. The bike is based on power and styling. Disc breaks and Mag wheels makes Karizma the safest jet on the road.
Company Stroke Maximum Power Displacement
Hero Honda Motors Ltd.
4-Stroke 16.8 bhp @ 7000 rpm 223 cc
Striking Features Style Sporty position of the seat. It stands on its feet even at speeds reaching up to 130
kmph. Fuel Efficiency.
Color Variants Pearl Composed Red Myth Gold Metallic Sparkling Silver Turquoise Blue Candy Blazing Red Black Moon Yellow
Price Tag
Rs 79,000 Ex-Showroom in Delhi.
(The prices are to the close approximation. Please check the latest prices and variant specifications with your dealer.)
Technical Specifications
Dimension & Weight
Overall height 1160 mm
Overall length 2125 mm
Overall Width 755 mm
Wheelbase 1355 mm
Ground Clearance 150 mm
Kerb weight 150 kg
Fuel Tank Capacity 15 litres
Engine
Type OHC, Air Cooled
Stroke (2/4) 4-stroke
No. of cylinders Single Cylinder
Displacement 223cc
Electrical 12 V, 7.0 Ah
Transmission
No. of Gears 5 speed
Clutch Multi-plate wet type
Performance
Maximum Power 16.8bhp @ 7000rpm
Max. Torque -
Start Kick / Electric
Suspensions
Front Telescopic Hydraulic Shock Absorbers
RearSwing arm with 5 step adjustable type hydraulic shock absorber
Brakes
Front Disc Brakes, 276 mm diameter
Rear Internal Expanding Shoe, 130 mm
Tyres
Front 2.75 x 18” - 42 P
Rear 100 / 90 x 18” - 56 P
HERO HONDA PASSION PLUSWhen Style Matters More
The Hero Honda Passion Plus is a cosmetic upgradation of the Hero Honda Passion that involves two tone colors, body colored mirrors, white dial instrument cluster and a wider pillion grip. It has included new bright multi-reflector headlight, tall light and indicators that provides improved safety while driving
Company Stroke Maximum Power Displacement
Hero Honda Motors Ltd.
4-Stroke 7.5 PS at 8000 rpm 97.2 cc
Striking Features Aluminium die cast rear grip Heat protector on the muffler New dials in the instrumental panel Multi-reflector winkers Wider wheel base Large storage space with locking facility Broad rear tyre
Color Variants Moon yellow Cloud silver Amranth maroon Tornado grey Tahitian blue Black with magna red stripes Black with purple stripes Candy blazing red Turquoise blue Tasmanian green Black with orange stripes
Price Tag
Rs. 43,250
(The prices are to the close approximation. Please check the latest prices and variant specifications with your dealer.)
Technical Specifications
Dimensions & Weights
Length 1980 mm
Width 720 mm
Height 1060 mm
Wheel base 1235 mm
Ground clearance 160 mm
Kerb Weight 116 kg
Fuel Tank Capacity 12.8 Litre
Engine
Type Air - Cooled , OHC
Stroke (2/4) 4-stroke
No. of cylinders Single cylinder
Displacement 97.2 cc
Electrical 12 V-2.5 Ah
No. of Gears 4 - Speed constant mesh
Clutch Multi-Plate Wet Type
Suspension
Front Suspension Telescopic Hydraulic Fork
Rear Suspension Swing Arm with 5 step adjustable hydraulic damper
Brakes
Front Brake Internal Expanding Shoes Type 130mm/ Hydraulic Disc Type (Optional)
Rear Brake Internal Expanding Shoes Type 130 mm
Tyres
Front Tyre Size 2.75 x 18” - 4 PR / 42 P
Rear Tyre Size 3.00 x 18” - 4 / 6 PR
Performance
Maximum Power 7.5 PS @ 8000 rpm
Start Kick Starter
HERO HONDA GLAMOURLive The G Life
Hero Honda Glamour has been set in the premium segment by the company. The bike comes in 125cc with a curvaceous and new fairing design look. The engine of Glamour is developed by Japanese partner Honda's research & development team. It has better mileage and high power. The 'Quantum Core' engine and the flush-type lock on the fuel tank of Glamour is a first-of-its-kind in the segment. It is sure to attract the young bikers.
Company Stroke Maximum Power Displacement
Hero Honda Motors Ltd.
4-Stroke 7.16 kW @ 7500 rpm 124.8 cc
Striking Features Next generation engine from Honda. New bigger fuel tank with flush type cap. Elegant tri pod instrumental panel. New stylized muffed muffler with heat guard. New age large silver colored utility box.
Model Variants Base model Glamour F1
Color Variants Candy Blazing Red Black with Blue Stripes Excellent Blue Metallic Vibrant Green Metallic Cloud Silver Metallic Black with Yellow Stripes Palace Maroon Metallic Impulse Orange Metallic Frost Blue Metallic
Technical Specifications
Dimensions & Weights
Length 2017 mm
Width 770 mm
Height 1136 mm
Wheel base 1260 mm
Ground clearance 164 mm
Kerb Weight 118 kg
Fuel Tank Capacity 13 Litres
Engine
Type Air - Cooled , OHC
Stroke (2/4) 4-stroke
No. of cylinders Single cylinder
Displacement 124.8 cc
Electrical 12 V, 35 /35 Watt, Digital ignition
Bore x stroke 54.5 mm x 53.5 mm
No. of Gears 4 - Speed constant mesh
Suspension
Front Suspension Telescopic oil- damped, 105 mm travel
Rear Suspension Hydraulic with co-axial spring, 75 mm travel
Brakes
Front Brake Drum brake 130 mm dia. / Disc brakes 240 mm (Optional)
Rear Brake Drum brakes 130 mm dia. at rear
Tyres
Front Tyre Size 2.75
Rear Tyre Size 3.0” x 18
Performance
Maximum Power 7.16 kW @ 7500 rpm
Max. Torque 9.5 Nm @ 5500 rpm
Start Kick Start
HERO HONDA CBZ X-TREME
Live Extreme
World's biggest two wheeler maker Hero Honda Motors Ltd. has launched CBZ X-treme in the 150 cc segment. Facing tough competition from its key rivals Bajaj Auto and TVS Motors, the Hero Honda company has unveiled this model in the new avatar of CBZ. The CBZ launched in 1999 was a very popular and stylish bike. The all new CBZ X-treme model has been developed with the efforts of the R&D team of Hero Honda. CBZ Extreme powered by 150 cc engine that generates 14 ps of power @ 8500 rpm, this makes CBZ Extreme the most powerful bike in this segment.
The powerful CBZ X-treme is equipped with loads of features. Diamond-frame type tubular chassis, box-section swing arm, adequate ground clearance of 145 mm with stepped up pillion seat and split grab rail provides the extreme driving pleasure for rider and the pillion rider. This new offering from Hero Honda comes with disc brake and 5 spoke alloy wheel as standard fitment.
Launched in two variants with kick-start and self-start option, CBZ X-treme is up for sale with a ex-showroom price tag of Rs. 54,000-56,000.
CompanyName
Segment
Displacement
Maximum Power
Hero Honda Motors Ltd.
150 cc 149.2 c.c10.6 KW ( 14.4 ps) @
8500 rpm
Striking Features of CBZ X-treme Powerful engine of 150 cc with 14 ps of power @ 8500 rpm.. Loaded with AMI - Advanced Microprocessor Ignition System. Advanced braking system of Disc brake on front wheel. Step seat comfortable ride. Multi-reflector winkers and LED tail light with unique split
rear grip gives the bike a sporty and trendy looks. New age asymmetric instrument panel in dual tone finish.
05 spoke alloy wheels gives the bike an appealing looks. Good looking wiser with tinted windshield. Multi-reflector headlight with separate pilot lamp.
Available colors of CBZ X-treme
The 150 cc CBZ X-treme is available in 05 shining colors : Sports Red Candy Blazing Red Boon Silver Metallic Black Vibrant Blue Metallic
Price of CBZ X-treme
Price for two variants of kick-start and self-start for CBZ X-treme is Rs 54,000 and Rs 56,000. Both the variants comes with alloy wheel and disc brakes as standard fitment.
(Please Note: The prices are ex-showroom and based on the close approximation. Please check the latest prices and variant specifications with your dealer)
Quote-Unquote
"We expect to capture the top position in the premium segment with the new bike. We are also working on another bike in the premium segment.''CBZ has remained a icon in the market and we expect to regain the same position enjoyed earlier. It is the fastest bike in class and comes with a three year warranty. We have added many features like a LED tail light, split rear seats and a pilot lamp, which are industry first in India."
Said Pawan Munjal, Managing Director and CEO, Hero Honda
Technical Specifications of CBZ X-treme
Dimensions & Weight
Wheelbase (mm) 1325
Length (mm) 2080
Width (mm) 765
Height (mm) 1145
Ground Clearance (mm)
145
Weight (kgs) 141
Engine
Model Designation Air Cooled, 4 Stroke OHC
Starting Self Start/Kick Start
Idle Speed 1400 rpm
Displacement (cc) 149.2cc
IgnitionAMI - Advanced Microprocessor Ignition System
Bore & Stroke 57.3 X 57.8 MM
Suspension
Front Telescopic Hydraulic Shock Absorber
RearSwing arm with adjustable hydraulic shock absorber
Brakes
Front Disc Type (dia 240 mm)
Rear Drum Type, internal expanding shoe type
Tyres
Front 2.75 X 18" 42 P (Alloy)
Rear 100/90 x 18 - 56 P (Alloy)
Fuel Tank 12.3 Lts.
Performance
Max. Horsepower (ps/rpm)
10.6 KW(14.4 PS) @ 8,500 RPM
Max. Torque (kg 12.80 NM @ 6,500 RP
m/rpm)
HERO HONDA HUNKBecause Muscles Matter
Hero Honda Motors Ltd. (HHML), India's leading two wheeler manufacturer, has launched its new offering as Hunk in the 150 cc segment. This new bike is the fourth launch in the premium segment after 156 cc CBZ Xtreme, 150 cc Achiever and 225 cc Karizma. Hero Honda Hunk carries robust looks and muscular styling with big tank shrouds, 5 spoke black alloy wheels, telescopic
fork suspension and new GRS (Gas Reservoir Suspension) at rear. Hunk is powered with 150cc engine that generates 14.4Ps at 8500rpm of power and 12.8Nm of Torque.
Hero Honda has launched the 150 cc Hunk in two variants of kick start and self start with the price tag of Rs. 55,000 and 57,000 respectively. The all new Hunk is available in four colours - black, blue, red and silver.
With the launch of Hunk Hero Honda aims to make its premium position in this segment. On the launch of Hunk, Pawan Munjal, Managing Director and CEO, HHML, said "The 'Hunk' is our tribute to the Youth of India today - confident and ready to take on the world. It personifies the very fighting spirit and resilience of our youngsters, who are making a mark for themselves in their chosen fields of vocation. Some of the key findings of our extensive research amongst the youth have been incorporated into the 'Hunk' to make it a complete package of world class technology, unprecedented features and stunning looks. I am sure there will be many more 'Hunks' on Indian roads soon."
Company Name Segme Displaceme Maximum
nt nt Power
Hero Honda Motors Ltd. (HHML)
150 cc 149.2 c.c14.4 ps @ 8500
rpm
Striking Features of Hero Honda Hunk Robust masculine looks with strong presence Gas charged, adjustable rear shock absorber Fuel efficient and powerful Advanced Tumble Flow Induction
(ATFI) Technology engine Convenient, safe and effortless kick start Large fuel tank and aerodynamic tank Shrouds Stylish, clear lens multi reflector indicators Puncture resistant tuff -up tube. Available in 04 sizzling colors and options of kick start and
self start
Available colors Hero Honda Hunk Black Blue Red Silver
Price of Hero Honda HunkHero Honda Hunk is available in two variants of kick start and self start with the price tag of Rs. 55,000 and 57,000 respectively.
(Please Note: The price range is ex-showroom and based on the close approximation. Please check the latest prices and variant specifications with your dealer)
Quote Unquote"The Hunk would complete our product portfolio in the premium segment. From our models in the premium segment, we are expecting highest numbers from the Hunk"
Said, Hero Honda Motors Limited Managing Director Pawan Munjal.Technical Specifications of Hero Honda Hunk
Dimensions & Weight
Length (mm) 2080
Width (mm) 765
Height (mm) 1095
Wheelbase (mm) 1325
Kerb Weight (kgs) 145
Ground Clearance (mm)
145
Engine
Model Designation Air Cooled, 4 - Stroke Single Cylinder OHC
Starting Self Start/Kick Start
Displacement (cc) 149.2
IgnitionAdvanced Microprocessor Ignition System (AMI)
Bore & Stroke 57.3 X 57.8 mm
Suspension
Front Telescopic Hydraulic Shock Absorbers
Rear5 Step Adjustable Gas Reservoir Suspension - GRS
Brakes
TypeDisc: 240 mm Dia Disc - Non Asbestos Type
RearInternal Expanding Shoe Type (130 mm), Non Asbestos Type.
Tyres
Front 2.75 X 18 42P
Rear 100/90 X 18 - 56P (With Tuff-up Tube)
Fuel Tank 12.4 Litre
Performance
Max. Horsepower (ps/rpm)
10.6 Kw (14.4 Ps ) @ 8500 rpm
Max. Torque (kg m/rpm)
12.80 N-m @ 6500 rpm
RESEARCH
METHODOLOGY
2.1 RESEARCH DESIGN
The research design is a formal study of the user of
Hero Honda bikes in few areas of the Lucknow city. The goal of
the research design is to find the brand values of Hero Honda
bikes through a structured approach.
Primary data was collected through personal (face-to-
face) interview of the respondent using structured questionnaire
as the instrument. The respondent was the user of Hero Honda
bikes. Limited use of secondary data (desk research) was needed
for the project completion.
Charts and figures were used to help me arrive at a
conclusion and to give appropriate recommendation for the
betterment of Hero Honda Bikes.
Research environment consisted of actual field
conditions. I have surveyed 150 users of selected Hero Honda
bikes.
2.3 SAMPLING DESIGN
Restricted sample was used as an element selection
technique. The sample unit, i.e. each user of Hero Honda bikes
was drawn individually from the population of the bike users at
large.
Researcher was covered 20 people every day.
I used non-probability sample type for the ease of use.
The sampling technique was simple random sampling.
Researcher had the freedom to choose any user of hero Honda
brand bikes their particular area.
This representation was the basis for the research
analysis. It was adopted for the ease in conduct of the survey.
Time and cost were the other factors, which supported the need
for this sampling design.
2.4 DATA COLLECTION
In this research project, both primary and secondary
data were collected.
Primary data was collected through personal (face-to-
face) interview of the respondents using structured questionnaire
as the instrument. Direct observation was also used for the
visibility of the brands hero Honda.
I interviewed 150 respondents across the few areas in the
Lucknow city. Secondary data used in the project report, was
collected from the internet, research books, magazines &
newspapers.
3 – ANALYSIS AND INTERPRETATION OF DATA
3.1-DATA ANALYSIS
Field editing was done on the data i.e. soon after the
interview all the abbreviated forms and symbols used (due to
shortage of time and stress) were changed to their respective
meanings for e.g I was used simple rating scale in questionnaire it
helps to respondent to give quick response.
All the data was entered in the questionnaire in a
standard form.
Data entry through a keyboard was done in a formatted
excel sheet for easy calculations and analyses.
Data was analyzed using bar and pie charts and
summary of the analyses has been attached in an image form in
the ‘findings’ section. Most of the findings are in percentage form
for easy comprehensibility.
3.2 SURVEY FINDINGS
This section has been divided according to the number
of objectives we intended to cover in the beginning. Each of the
objectives is explained with appropriate graphs to support the
data.
Motivation values
This graph is showing that Hero Honda ‘s brand Splendor has (26%) more motivational valves in comparison to other brand.CBZ and KARIZAMA both are the more expensive even that they have attract to the people to buy. The graph shows that super splendor has least rated (1%) bikes in term of preference or motivation to buy that is the reason company withdrawn this bike from the market.
Memorization Values: Hero Honda India’s no-1 bikes producer. It has no. of brands for different customers. I have taken seven brands of Hero Honda in that Splendor (31%) get maximum rate in term of memorization and second rated bikes is CBZ (20%) . Kaizama (17%) gets third position.
Association values:Maximum number of respondent rates Splendor (32%) has more association values. Karizama (22%) is the second rated bikes in term of association value even that Karizama is more expensive in term of price and fuel efficiency. CBZ is first sport bike of Hero Honda rated on third position by the respondent.
Repurchase value:
In all seven bikes Splendor has more re-purchase value. 37% of total respondent rated that Splendor has more repurchase value in comparison to others brands of Hero Honda. Second highest rated bike is Passion Plus with having 27% response. Karizama is least rated bike in term of re-purchase value.
User of Bikes:
I have taken response of 150 respondent, in total respondent I was met 38% people who are not riding any bike of all seven bikes which I have chosen although they are Hero Honda customer and 22% respondent are riding Splendor and 20% respondent are riding Passion Plus. In total respondent no one ride Super Splendor and Karizama right now.
Satisfaction level:
This graph represents the satisfaction level of the consumer
of their currently used bike. It is one general question asked by
every respondent that what the satisfaction level they have.
Maximum number of respondent are rated in 4 (good,81%). Only
13% respondents are highly satisfied with their bikes, 4%
respondent says average and 2% respondents say very bad. This
graph is the representation of respondent who has Hero Honda’s
brand or any others brand they use right now.
4-LIMITATIONS OF STUDY
All the research studies have their limitations, and
sincere investigator recognize that readers need aid in judging
the study’s validity.
Putting on the limitations is the evenhanded approach
and one of the hallmarks of the honest and competent
investigator.
The limitations that I have encountered during its
project are as follows-
I visited all the major market of the Lucknow city and served
people who have Hero Honda bikes. Some time I was took
response from non-hero Honda bikes user.
Some time I was saw that people were not taking interest to
fill the questionnaire. Its create problem for taking true data.
Feedback is just the representative of the entire population; it only states the opinion of a few respondents.
Time constrain was a major limitation. Being students of PGDM we could not spare much time for it
and hence we could not go for very big sample size. Most of the questionnaires were filed by the students. Although collection of feedback was one of the research’s
objectives, there was no space inside the survey form for it.
The feedback is not representative of the entire sample; it
only states the opinion of few of the respondents. Some of
the claims may need further research to support the data.
5. SUGGESTIONS AND RECOMMENDATIONS
The analysis of inferences drawn from the research portray that Hero Honda is a good company with various brands but
all brands having similar looks. Company changes only physical shape of bikes and
launch in the market with another name and high price. Customers are feeling uncomfortable to buy high end
bikes. Now the behavior of Indian customer has been change
and they are looking for style and more re-purchase values.
Customers are confused with advertisement of company. Customers are looking for good ROI (return on
investment) but in Hero Honda only middle class bikes having good RoI.
suggest ions
Hero Honda is doing very well in Indian two-wheeler Market segment. Company having bikes of all the class of customers with various price ranges.Company must be providing justifiable price range according to their technical specialty.
Customers are looking good Re-purchase values in high end bikes like CBZ, Hunk etc.
Company must do work on to increase brand values of different brands like Splendor has
Company must be introduced new technology in the medium range bikes.
Company should try to focus on low income group customers so that they can beat TVS & BAJAJ & also can raise market share.
6. CONCLUSION
Finally, analyzing all the facts & figures now I can say that
only Hero Honda Splendor has dominated in the market
with highest rated two-wheeler in term of brand values.
Hero Honda Splendor is only one bike which has all the
five values of brand. No other bike of hero Honda having
all the values of brand that is the reason behind the mega
success of Hero Honda Splendor in Indian two-wheeler
market segment. it has the highest rated bike in term of
Re-purchase values. Secondly, I found Hero Honda Passion
has secured values in comparison to other bikes which i
have taken. Hero Honda is also in the high price brands
like CBZ, Karizama, Hunk etc. but unfortunately because
of loop holes company is unable to cater the need of high
level and that’s why company is unable to earn more
profit & increase in market share.
ANNEXURES
Questionnaires
BIBLIOGRAPHY
1. Marketing Research by Green and Tull.
2. Marketing Management by Philip Kotler
3. IC-33
WEBSITES
www.dogpile.com
www.ask-me.com
www.google.com
RESEARCH REPORT ON
BRAND POTENCYOF
HERO HONDA
SUBMITTED TO: SUBMITTED BY:
MR. VIBHOR MISHRA GURUPRATAP SINGH H.O.D. DBA EN roll 1003IISE,lucknow PGDM, 1ST YEAR