new product development of car
TRANSCRIPT
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New Product Developmenton
FOSTERS (CAR) By 4 FOX AUTOMOBILE
Efforts by:- ANIL BHARTISHUBHAM BANSALJYOTI CHAUDHARI
SAKSHI RAGAHVSILKI GUPTA
NISHA SHAIKH
SUBMITTED TO: DR. VANDANA BHARTI
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WHAT IS NEW PRODUCT DEVELOPMENT?
New Product Development (NPD) is the complete process of bringing a new product to market.
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IS THIS HOW PEOPLE
REACT WHEN YOU HAVE NO
CAR?
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DO NOT WORRY….WE HAVE THE BEST
SOLUTION FOR YOUR PROBLEM
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FOSTERS BY 4 FOX AUTOMOBILE
Be a rich, share MORE!
GET IDEA FOR FREE
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FOSTERS is a automobile product under a 4 FOX AUTOMOBILES
23 KMPL mileage 142 BHP engine Automatic transmission 1800cc engine ABS system enabled Petrol/Diesel variants available 60 litre fuel tank capacity Front & back airbags
OVERVIEW
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IDEA GENERATIONIt’s a CAAAAAR
Kitna deti hai…
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Stable politic environment, Government is investing on transport infrastructure Estimated GDP growth is 7.2% in 2014, 7.5% in 2015, Petroleum price is dropping down around 30% Brand product consummation are increasing and people are more socializing
Smart phone and social networking is developing so fast and get more and more popular Facility permission is improving, Waste protocols, bureaucracy, illegal imported cars Hybrid system is available in INDIA, Climate Change – future temperature rises and impacts
IDEA GENERATION
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IDEA SCREENING High Mileage Large leg and boot space Affordable Price Good Design
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CONCEPT DEVELOPMENT
• Should be built in different platform• Must meet all safety & regulatory requirement• Should be exportable to other countries
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BUSINESS ANALYSISMajor competitor
BUT WE WILL DEFEAT ALL
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PRODUCT DEVELOPMENT Product ideas that survive are transformed into
actual product development R&D Dept. Will develop one or more physical
versions of product
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TEST MARKETING
Test Driving by journalist
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COMMERCIALISATION TV and print media commercials using
SHAHRUKH KHAN as a Brand Ambassador Sales through existing 158 dealer network
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LAUNCHOur goal is to increase our BRAND AWARENESS and BRAND LOYALTY with 20 cars sales per year.
How can we get 20 cars sales / per year?
Our objective is to get 2 cars sales in the first 30 days after Launch Event
Simpler Goals produce more focused efforts and better results.
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PRODUCT Our product would be offered
in hybrid segment 23 KMPL mileage 142 BHP engine Automatic transmission 1800cc engine ABS system enabled Petrol/Diesel variants available 60 litre fuel tank capacity
MARKETING MIX
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PRICE
The CAR would be introduced in the market at a
price of Rs.18 lakhs.
A margin of 5% would be kept for the showroom
dealer.
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PLACE
Our product “FOSTERS” would be launched in the national market.
It will be available in every major city of India. We will sell our product at his showroom.
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PROMOTION Newspapers Magazine Radio Television Internet ( Social Networking Sites) Brouchers Bill boards Promotional Events
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Promotion Strategy
Our promotion strategy would include promoting
product by providing test ride campaign for trial
purpose (only in selected stores).
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CHANNELS OF DISTRIBUTION
MANUFACTURER DEALER CUSTOMER
We will be distributing our product via supermarkets in the
country like Nissan group & Datsun automobile.
Our distribution channel length would two level distribution
that will include manufacturer, dealer, customer
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CONTIGENCY PLAN
In case the product fails in the market , then we would come up with new product that will target youths.
We will reposition our product and some alteration will be made in its composition. we will use the fixed facilities that we already have.
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TOYOTA COROLLA ALTIS HYUNDAI ELANTRA FOSTERS
MILEAGE (in KMPL) 21 22.7 23.2
ENGINE (in CC) 1798 1582 1800
BHP 139 126.2 141
AUTOMATIC NO YES YES
ABS YES YES YES
price 16.37-18.22 LKHS 15.9-19 lkhs 18-22 LKHS
FUEL TYPE PETROL DIESEL PETROL/DIESEL
REAR AC VENT NO YES YES
PARKING SENSOR NO YES YESFUEL CAPACITY (in LITRE) 55 56 60
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Manufacturing Cost Direct Material 8,00,000₹ Direct Labour 2,50,000₹ Overhead 2,00,000₹ Advertisement 1,50,000₹ Transport 15,000₹ Profit(MARGIN) ,385,000₹ TOTALCOST OF 1 CAR 18,00,000₹
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