Ilide - Info Royal Enfield Project Report PR
Ilide - Info Royal Enfield Project Report PR
ON
SATISFACTION SHAKTINAGAR ”
AYUSH KUMAR
This is to declare that the Report entitled “ ROYAL ENFIELD SALES AND
CUSTOMER SATISFACTION SHAKTINAGAR ” has been made for
the partial fulfillment of the Course Bachelor of commerce in Semester fifth by
me at Mahatma Gandhi Kashi Vidyapith under the guidance of
DR. MRITUNJAY KUMAR PANDEY.
DATE:-
Last but not the least I would like to thank my parents, friends and all other
respondents for co-operating with me in this work during my study and making
this a successful one.
• Objectives of study
• Scope of study
• Operational Definitions
• Research Methodology
• Tools of Data collection
• Sample Design
• Plan of Analysis
• Limitations of the study
7. BIBLIOGRAPHY 46-47
Name of the books, author, magazines and websites.
CHAPTER 1
INTRODUCTION
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INTRODUCTION TO MARKETING
Marketing is the process of performing market research, selling products and/or
which companies build strong customer relationships and create value for their
Marketing is used to identify the customer, to satisfy the customer, and to keep
the customer. With the customer as the focus of its activities, it can be concluded
caused by mature markets and overcapacities in the last 2-3 centuries. The
production to the perceived needs and wants of their customers as the means of
staying profitable.
The term marketing concept holds that achieving organizational goals depends
on knowing the needs and wants of target markets and delivering the desired
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organization should anticipate the needs and wants of consumers and satisfy these
holds towards its product or service, essentially concerning consumers and end-
consumer tastes.
MARKETING RESEARCH
binomial distributions, etc. to interpret their findings and convert data into
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A distinction should be made between marketing research and market research.
conducted for one purpose, but often used to support another purpose or
end goal.
conducted into health foods, which is used solely to ascertain the needs/wants of the
target market for health foods. Secondary research in this case would be research
product.
4
Primary research is often expensive to prepare, collect and interpret from data
inexpensive, it often can become outdated and outmoded, given that it is used
for a purpose other than the one for which it was intended. Primary research
can also be broken down into quantitative research and qualitative research,
(qualitative research).
assumption.
occurrence.
research process.
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CUSTOMER SATISFACTION IN 7 STEPS
1. Encourage Face-to-Face Dealings
This is the most daunting and downright scary part of interacting with a
customer. If you're not used to this sort of thing it can be a pretty nerve -
wracking experience. Rest assured, though, it does get easier over time. It's
important to meet your customers face to face at least once or even twice
This goes without saying really. We all know how annoying it is to wait
days for a response to an email or phone call. It might not always be practical
to deal with all customers' queries within the space of a few hours, but at
least email or call them back and let them know you've received their message
and you'll contact them about it as soon as possible. Even if you're not able to
solve a problem right away, let the customer know you're working on it.
A fellow Site Pointer once told me that you can hear a smile through the
phone. This is very true. It's very important to be friendly, courteous and to
make your clients feel like you're their friend and you're there to help them out.
It's vital that you keep a clear head, respond to your clients' wishes as best you
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4.Have a Clearly-Defined Customer Service Policy
This may not be too important when you're just starting out, but a clearly
defined customer service policy is going to save you a lot of time and effort in
the long run. If a customer has a problem, what should they do?
If the first option doesn't work then what? Should they contact different people
for billing and technical enquiries? If they're not satisfied with any aspect of
your customer service, who should they tell? There's nothing more annoying
for a client than being passed from person to person, or not knowing who to
turn to. So make sure your customer service po licy is present on your site --
5. Attention to Detail
Have you ever received a Happy Birthday email or card from a company
you were a client of? Have you ever had a personalized sign -up confirmation
email for a service that you could tell was typed from scratch? These little
niceties can be time consuming and aren't always cost effective, but
remember to do them.
Even if it's as small as sending a Happy Holidays email to all your customers,
it's something. It shows you care; it shows there are real people on the other
end of that screen or telephone; and most importantly, it makes the customer
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6. Anticipate Your Client's Needs & Go Out Of Your Way to Help Them Out
supreme level of understanding with your clients will do wonders for your
working relationship.
It's possible this is the most important point in this article. The simple
disappointed. Sometimes, something may not get done, or you might miss a
deadline through no fault of your own. Projects can be late, technology can fail
and sub-contractors don't always deliver on t ime. In this case a quick apology
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TABLE SHOWING KEY FACTORS FOR CUSTOMER
SATISFACTION
Product
Sales Knowledge
Brochure detail
Marketing Mailing frequently
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SIX STEPS TO DEALING WITH DIS-SATISFIED CUSTOMERS
1. Listen carefully to what the customer has to say, and let them finish
she has a problem and is upset. Repeat back what you are hearing to show
information you can get from the customer, the better you will understand
his or her perspective. I've learned it's easier to ask questions than to jump
to conclusions.
the problem, not argue. The customer needs to feel like you're on his or
sincerely sorry, it usually diffuses the situation. Don't blame another person
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5. Ask the customer, "What would be an acceptable solution to you?"
- Whether or not the customer knows what a good solution would be, I've
found it's best to propose one or more solutions to alleviate his or her pain.
Research indicates that customers prefer the person they are speaking with
to instantly solve their problem. When complaints are moved up the chain
of command, they become more expensive to handle and only add to the
customer's frustration.
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CHAPTER 2
RESEARCH DESIGN
12
INTRODUCTION
Royal Enfield one of the popular brand and highest selling bike in
India and outside India (USA, Europe, Australia etc). Royal Enfield
motorcycles had been sold in India from 3349. In 3355, the Indian
government looked for a suitable motorcycle for its police and army, for
use patrolling the country's border. As far as the motorcycle brand goes,
though, it would appear that Royal Enfield is the only motorcycle brand to
span three centuries, and still going, with continuous production. Product
SATISFACTION SHAKTINAGAR”
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OBJECTIVES OF THE STUDY
prospective customer.
Royal Enfield.
sales service.
brand, products and services of Royal Enfield. The results are limited by
the sample size 75 numbers and therefore the opinion of only selected
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RESEARCH METHODOLOGY
The first phase is completely internal where it is stormed over the most
more in number.
The second phase is with some of the seasoned bikers who have bee n
using Bullets for some time now and are generally known and respected
The third phase is with some respondents who will be interviewed with the
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TOOLS OF DATA COLLECTION
The information relevant for study was drawn from Primary data collected
through survey method, which alone was not sufficient. Hence Secondary
visiting the dealerships and showrooms. With the help of a well laid
data about the customers from the customer data register of the
16
SAMPLE DESIGN
understanding of what the user looks for while buying a bike. In order to
get a perspective from non- Bullet riders as to what are the reasons for not
other motorcycles keeping in mind the time and cost constraints. For the
method
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CHAPTER 3
COMPANY PROFILE
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HISTORY OF THE COMPANY
Mid 33th century England The firm of George Townsend & Co. opened its
doors in the tiny village of Hunt End, near the Worcestershire town of Redditch.
The firm was specialized in sewing needles and machine parts. In the first flush
of enterprise, flitting from one opportunity to another, they chanced upon the
pedal-cycle trade. Little did they know then that it was t he beginning of the
making of a legend. Soon, George Townsend & Co. was manufacturing its own
brand of bicycles. And in 2293 its products began to sport the name ‘Enfield'
DEFUNCT 3371
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Profile of the Organization
Enfield has its headquarters at Chennai in India. Bullet bikes are famous for
their power, stability and rugged looks. It started in India for the Indian Army
350cc bikes were imported in kits from the UK and assembled in Chennai.
After a few years, on the insistence of Pandit Jawaharlal Nehru, the company
started producing the bikes in India and added the 500cc Bullet to its line.
it. It was particularly a favorite of the Army and Police personnel. In 3390,
Royal Enfield ventured into collaboration with the Eicher Group, a leading
automotive group in India, in 3390, and merged with it in 3394. Apart from
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continuously incorporating new technology and systems in its bikes. In
3396, when the Government of India imposed stringent norms for emission,
among the few companies in India to obtain the WVTA (Whole Vehicle Type
Approval) for meeting the European Community norms. Today, Royal Enfield
is considered the oldest motorcycle model in the world still in production and
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PRODUCTS OFFERED BY COMPANY
ROYAL ENFIELD
BULLET 500
ROYAL ENFIELD
THUNDERBIRD 500
ROYAL ENFIELD
BULLET 350
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ROYAL ENFIELD
CONTINENTAL GT 650
ROYAL ENFIELD
HUNTER 350
ROYAL ENFIELD
CLASSIC 350
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ORGANISATIONAL STRUCTURE
GENERAL MANAGER
(Proprietor)
Team
Service Assistant
Manager
Staffs Accountant
Sales
Representative
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SWOT ANALYSIS
MAJOR PLAYERS IN INDIAN TWO WHEELER MARKET
- Product
diversification
will imply risk of
brand dilution
25
SWOT ANALYSIS FOR ROYAL ENFIELD, INDIA
STRENGTHS WEAKNESSSES
OPPURTUNITIES THREATS
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CHAPTER 4
DATA ANALYSIS
AND
INTERPRETATION
27
TABLE NO.1
Analysis
From the above table it is clear that 30% of the respondents are aged
between 20 and 24, 33% between 25 and 29, 22% between 30 and 34 and
Interpretation
From this we can conclude younger generation and middle age are more
interested in Royal Enfield may be because this is the age where they start
earning.
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No. of Respondents
Above 35
15%
20-24
30%
30-34
22% 20-24
25-29
30-34
25-29 Above 35
33%
TABLE NO.2
FEMALE 9 9%
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Analysis
From the above table it is clear that 91% of respondents were male and
Interpretation
It is clear that most of the users of Royal Enfield are males mostly because of the
TABLE NO.3
GOVERNMENT 8 8%
SERVICE
EX-SERVICEMEN 5 5%
PROFESSIONAL 29 29%
SELF-EMPLOYED 25 25%
30
Analysis
From the above table it is clear that 33% of the respondents were students
Interpretation
It is clear that users are mostly Professional males, 20-35 years of age
including some students because of the looks and power of the bike.
No. of Respondents
35
30
25
20
15
10
0
STUDENT GOVT. SERVICE EX SERVICEMAN PROFESSIONAL SELF EMPLOYED
No. of Respondents
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TABLE No.4
1,20,001-3,60,000 21 21%
3,60,001-7,20,000 24 24%
Analysis
From the above table it is clear that 39% of the respondents had an annual
income of lesser than 1,20,000, 21% had income between 1,20,001 and
3,60,000, 24% earned between 3,60,001 and 7,20,000, and only 16%
Interpretation
It shows that Royal Enfield is placing their products in the appropriate and reasonable
price range and the people of income bracket less than 1,20,000 can easily afford
this Bike.
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TABLE NO.5
MACHISMO 500 8 8%
Analysis
From the above it is clear that 22% of the respondents own Bullet 500,
10% of them own Thunder Bird, 12% of them own Bullet Electra, 8% of
them own Machismo 500, 21% of them own Bullet 350 and 23% of them
own Classic 500/350.
Interpretation
It clearly shows that customers are not attracted to only one particular
model due to the variants available and because the Classic 500/350 are the
newly released models they are fast moving now.
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No. of Respondents
4%
22%
23%
10%
21% 12%
8%
TABLE NO.6
LOAN 78 22%
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Analysis
From the table it clearly shows that the products of Royal Enfield are in the
acceptable price range, as we can see that purchasing way of the 72%
respondents are leading in the CASH sector and 28% on loan basis.
Customers are ready to pay for better facilities and technology and they
feel that all bikes deserves that price which Royal Enfield is offering.
Interpretation
It is clear that customers are easily affording the price of Royal Enfield
bikes and they are not feeling much problem with the amount.
PURCHASE METHOD
LOAN
CASH
0 10 20 30 40 50 60 70 80 90
CASH LOAN
PURCHASE METHOD 22 78
CASH LOAN
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TABLE NO.- 7
40-45 22 22%
35-40 34 34%
30-35 25 25%
Below 30 12 12%
Analysis
From the above table it is clear that 22% of respondents gain mileage of
40- 45km/lit which is really good, 25% of them between 30 -35km/lit, 12%
Interpretation
It clearly shows that mileage of the Royal Enfield bikes is economical &
mileage between 35 and 30 that too on Indian roads with heavy traffic is a
great deal.
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MILEAGE OF BIKE
40
35
30
25
20
15
10
0
45km/lit & Above 40-45 35-40 30-35 Below 30
TABLE NO. 8
NOISY VEHICLE 9 9%
NO PROBLEM 27 27%
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Analysis
Interpretation
It is clear that majority of the people who choose Royal Enfield as their
bike don't have any problems or issues with their bike's performance .
PROBLEMS
30
25
20
15
10
0
HIGH POOR AFTER HIGH PRICE LOW MILEAGE NOISY VEHICLE NO PROBLEM
MAINTENANCE SALES SERVICE
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CHAPTER 5
FINDINGS AND CONCLUSION
39
FINDINGS
this we can conclude younger generation and middle age are more
interested in Royal Enfield may be because this is the age where they
start earning.
2. It is clear that most of the users of Royal Enfield are males mostly
As the people of this income bracket less than 1,20,000 can easily
5. Customers are not attracted to only one particular model due to the
6. Customers are easily affording the price of Royal Enfield bikes and
they are not feeling much problem with the amount and purchasing
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7. Majority of the customers directly chose Royal Enfield as their bike
and dint even have a look at the nearest alternative bike and this
shows the loyalty of the customers towards the brand Royal Enfield.
8. It clearly shows that mileage of the Royal Enfield bikes is economical &
mileage between 35 and 30 that too on Indian roads with heavy traffic is a
great deal.
their bike doesn't have any problems or issues with their bike's
performance.
10. Majority of the respondents are satisfied with their bikes power and
pick up. This shows Royal Enfield has an excellent satisfaction level
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CONCLUSION
42
QUESTIONNAIRE
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QUESTIONNAIRE
I am Ayush Kumar, a final year B.Com student from
Mahatma Gandhi Kashi Vidyapith. This information is required for
successful completion of my project ‘Royal Enfield sales and Customer
satisfaction’ . I request you to kindly spare some of your time and fill the
questionnaire below. Thank you.
RESPONDENT INFORMATION
Name:
1. Age:
3. Occupation:
4. Annual Income:
Cash Loan
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7. Please specify your bike's mileage?
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35-30 30-35 Below 30
No problem
9. Any suggestions
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BIBLIOGRAPHY
46
BIBLIOGRAPHY
Books Referred
Magazines Referred
Enthusiasts.
Websites Referred
• www.google.com
• www.royalenfield.com
• www.wikipedia.org
• www.enfieldmotorcycles.com
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