Professional Documents
Culture Documents
➢ ABSTARCT
➢ METHODOLOGY
➢ CONCLUSION
➢ SUGGESTION
➢ BIBLOGRAPY
ABSTRACT
In this research I have survey about Hyundai company and how its promotional
schemes affecting sales. During this research I have interact with layout of
Hyundai motor in Sri Ganganagar. After this research I came to know how
promotional schemes affecting sales and I also know about Hyundai
promotional strategy to attracting people of Sri Ganganagar. In this report I
have tried to explain entire research and facts.
Automobiles
The growth of the Indian middle class along with the growth of the economy
over the past few years has attracted global auto majors to the Indian market.
Moreover, India provides trained manpower at competitive costs making India a
favoured global manufacturing hub. The attractiveness of the Indian markets on
one hand and the stagnation of the auto sector in markets such as Europe, US
and Japan on the other have resulted in shifting of new capacities and flow of
capital to the Indian automobile industry.
Production
Although the sector was hit by economic slowdown, overall production
(passenger vehicles, commercial vehicles, two wheelers and three wheelers)
increased from 10.85 million vehicles in 2007-08 to 11.17 million vehicles in
2008-09. Passenger vehicles increased marginally from 1.77 million to 1.83
million while two-wheelers increased from 8.02 million to 8.41 million.
• Japanese major Nissan has decided to shift the entire production of its
small car, Micra, from the UK to India. After production of the Micra
begins here, Nissan plans to manufacture four more models in India,
involving a total investment of over US$ 412.2 million.
• Toyota Motors (TMC) plans to utilise the proposed Indo-Thai free trade
agreement (FTA) to make India a hub for small cars to be exported to its
global markets. Toyota has earmarked US$ 657.1 million for 2008-11 to
set up a second plant in Bangalore to make 200,000 cars from the current
80,000 units.
• Hyundai has made India its global hub for manufacturing small cars. It
will invest US$ 1 billion in its second plant in Chennai by 2013. In
addition, it is also investing US$ 40 million in its research and
development (R&D) facility in Hyderabad.
• General Motors has so far invested about US$ 1 billion into its Indian
operations.
Domestic Market
Sales of cars and commercial vehicles have been impacted due to global
economic slowdown. However, in spite of that there has been a marginal
increase in the number of vehicles sold in 2008-09 as compared to 2007-08.
Total number of vehicles sold including passenger vehicles, commercial
vehicles, two-wheelers and three-wheelers in 2008-09 was 9.72 million as
compared to 9.65 million in 2007-08.
According to an Ernst & Young analysis, passenger vehicle sales in the country
will grow at a CAGR of 12 per cent to touch 3.75 million units by 2014 as
against 1.89 million units at the end of 2008-09. While domestic market is
expected to contribute 2.75 million units to the total tally, the remaining 1
million units would contribute towards exports.
German luxury car manufacturer Audi is eyeing higher sales this year than its
earlier target of 1,500 units. This would make Audi India the third largest
luxury car manufacturer in the country after BMW India and Mercedes Benz
India. Audi aims to register a 70 per cent growth vis-à-vis last year by selling
nearly 1,700-1,800 units in 2009.
Exports
According to the Society of Indian Automobile Manufacturers (SIAM),
automobile sales (including passenger vehicles, commercial vehicles, two-
wheelers and three-wheelers) in the overseas markets increased to 1.53 million
units in 2008-09 from 1.23 million units in 2007-08.
Moreover, growth continued during the first half of the current year. India
exported a total of 230,000 cars, vans, SUVs and trucks between January and
July 2009, a growth of 18 per cent.
India Yamaha Motor Ltd (IYML) plans to double its exports from India to
140,000 units by 2010.
Maruti Suzuki India expects to export 120,000 cars during 2009-10. Of this, a
lakh will be the A-Star, its newest hatchback.
Policy
In order to make India a power to reckon with in the automotive sector the
government launched the Automotive Mission Plan (AMP) 2006-2016.
The vision of the AMP is "to emerge as the destination of choice in the world
for design and manufacture of automobiles and auto components with output
reaching a level of US$ 145 billion accounting for more than 10 per cent of the
GDP and providing additional employment to 25 million people by 2016."
As per the AMP, it is estimated that the total turnover of the automotive
industry in India would be in the order of US$ 122 billion - US$ 159 billion in
2016. It is expected that in real terms, India would continue to enjoy its eminent
position of being the largest tractor and three-wheeler manufacturers in the
world and the world's second largest two-wheeler manufacturer. By 2016, India
will emerge as the world's seventh largest car producer (as compared to the
eleventh largest currently) and retain the fourth largest position in world truck
manufacturing sector. Further, by 2016, the automotive sector would double its
contribution to the country's GDP from current levels of five per cent to 10 per
cent.
INTRODUCTION TO INDUSTRY
The Hyundai Motor Company is one if not the most dynamic
automobile producer in any developing country. This is
remarkable considering that the company is closing in on 40
years of existence. To outline its history one must also look into
the life and times of its founder Chung Ju-Yung. It cannot be
told without outlining the founders rise from the rice fields of
Korea to the circumstances that let him to acquire the
knowledge and determination that led to the creation of one of
the fastest growing family owned businesses into a global
competitor. His creation of numerous companies eventually let
to the establishment of the Hyundai Group. The Hyundai Motor
Company was one of these. He created it and transformed it
from a mere assembler of Ford models to a designer and
exporter of its own cars and engines in less than four decades.
It has already become a major global player with plants and
dealerships that span six continents. The company is one of the
largest and most diversified business organizations with 45
affiliated domestic companies and 254 overseas companies in
nearly 200 countries. The Hyundai Motor Company is but one
which the Group is active in such as shipbuilding, steel,
petrochemicals, heavy machinery, aerospace, electronics and
financial services.
HMIL has invested to expand capacity in line with its positioning as HMC`s
global export hub for compact cars. Apart from the expansion of production
capacity, HMIL currently has 271 strong dealer network across India, which
will be further bolstered in 2009.
Car manufacturing in India first began in late 1940s. Earlier a couple of cars
made by foreign technology were manufactured in India. But now, cars made
my Indian car manufacturers dominate the business.
The future of car manufacturing in India is bright. Sensing this, foreign car
manufacturers like Ford, Toyota, Hyundai, Suzuki, Honda and Skoda are
spreading their base in the country. Domestic car manufacturers have also
contributed to the growth of the automobile industry in India. The popular car
manufacturers in India are:
Fiat India Private Ltd: The Fiat India that belongs to the Fiat Auto Spa group
of Italy gives world-class cars to the country. This group has entered the motor
vehicle sector more than one hundred years ago and has earned fame not only in
India, but also abroad. Besides 'Uno', which is Europe's favorite car for the last
two decades, the brands like Palio, Petra and Adventure have also become
famous.
Ford India Private Ltd: It was originally an American company. It entered the
Indian market in the year 1988 and launched Ford Escort. The Ford Ikon
launched in 2001 was a successful car in India. Other brands of Ford like Ford
Fusion, Ford Fiesta, Ford Mondeo and Ford Endeavour also gained popularity
in India.
General Motors India: This global leader entered the Indian market as a joint
venture with the C.K. now it is a fully owned subsidiary of the Birla Group.
This group has also introduced cars like Chevrolet Optra and Chevrolet Tavera
(MUV) in India.
Hindustan Motors: This flagship company of the C.K. Birla Group was
established by Mr. B.M. Birla. Some of the most popular brands of this car
manufacturer are Ambassador, Contessa and Mitsubishi Lancer. Other
remarkable brands of this company are Trekker, Porter and Pushpak.
Hyundai Motors: Hyundai Motor India Limited (HMIL) is not only the second
largest car manufacturer in India, but is also the fastest growing among the car
manufacturers in India. The popularity of Santro, Getz, Accent, Elantra, Sonata
Embera and Tuscon is proof of its success. The company is an ISO 14001.
Maruti Udyog: This is the first automobile company in the world to have an
ISO 9000:2000 certificate. It has a joint venture with Suzuki Motor
Corporation. The popular models of this group are Alto, Baleno, Swift, Wagon-
R and Zen.
Tata Motors Limited: It is India's largest automobile company, the largest
commercial vehicle manufacturer, the second largest passenger car
manufacturer in India and the fifth largest medium and heavy commercial
vehicle manufacturer in the world. The popular brands of the company are Tata
Indica, Tata Indigo, Tata Sumo and Tata Safari.
Tata Nano: Recently tata Motor launch india cheapst car Tata nano in One lakh
rupees
Toyota Kirloskar Motor Ltd: With a joint venture with Toyota Motor
Corporation of Japan, the Kirloskar Group of India holds 89% equity of the
company. The most popular brands of this group in India are Camry, Corolla,
Prado and Innova.
• Hyundai Getz
• Hyundai Elantra
• Hyundai Tucson
• Hyundai Terrecan
• Hyundai i10
• Hyundai verna
Cars
Hyundai`s new model i10 made a clean sweep of all the `Car of the Year 2008`
awards from the leading automotive magazines and TV channels like BS
Motoring, CNBC-TV18 AutoCar, NDTV Profit Car & Bike India and
Overdrive magazine. The i10 was also the choice of the discerning automotive
media of the country as they conferred the prestigious `Indian Car of the Year`
(ICOTY) award to the i10 as well.
The Santro and the Accent also received the `TNS Voice of the Customer -
2008` award for the Premium Compact Car (Santro) and the Entry Mid size Car
(Accent). In March 2008 it achieved yet another milestone by rolling out the
fastest 500,000th export car.
In 2007, the Hyundai Verna had also bagged some of the most prestigious
awards starting with the Overdrive magazine`s `Car of the Year 2007`, the `Best
Mid-size Car of the Year` award from NDTV Profit Car & Bike India, the `Best
Value for Money Car`from CNBC Autocar and `Performance Car of the Year`
from Business Standard Motoring.
Hyundai cars have been a favorite at all awards ceremonies and has won many
awards. The Sonata Embera won the `Executive Car of The Year 2006` award
from Business Standard Motoring magazine and NDTV Profit Car & Bike India
had declared the Tucson as the `SUV of The Year 2006`.
Not only this, HMIL has also been awarded the benchmark ISO 14001
certification for its sustainable environment management practices.
PROMOTION ADOPTED BY HYUNDAI
• Print Media.
• Electronic Media
• Road shows
• Live Demonstration.
• Canopies etc.
• Free service
• Customer relation
• Parts delivery centre
• Warranty
• 24*7 days service.
SALE
Hyundai Motor India Ltd, the country’s second largest car manufacturer and the
largest passenger car exporter ended the year on a high note with domestic sales
growing by a healthy 42.6% while exports grew by 9%. Cumulative growth
stood at 22.6% for the month ending December, 2009.
HMIL’s total sales for December, 2009 stood at 47,217 units as against 38,502
units in December, 2008 registering 22.6% cumulative growth. The domestic
sales growth accounted for 22,252 units as against 15,602 units in December,
2008 while the exports grew from 22,900 units in December, 2008 to 24,965
units in December, 2009.
METHODOLOGY
In this research we find that the promotion schemes affecting the sale. Time to
time company promotes it product by many ways to attract people, for buying
its product and to create its good repo in the market. We also find that
promotion by the company greatly affect the sale number of cars. Occasionally
company provide different kind of schemes according to customer perception
and wants. Company provide time to time service before launching any product
in market to know the result of product
SUGGESTION