Professional Documents
Culture Documents
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CERTIFICATE
This is to certify that the project report entitled “CUSTOMER PERCEPTION TOWARDS
BAJAJ AUTO LTD ” is a bonafide work done by N.SHIVA RAMA KRISHNA bearing Roll
No M16MB029, under my guidance. This project report has been submitted for the partial
from Kakatiya Institute of Technology and Science for the Academic year 2016-2018.
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DECLARATION
AUTO LTD ” is submitted by me for the partial fulfillment for the award of the
I declare that all the relevant information has been collected by me and the
results embodied in the study have not been submitted to any other University or
Institute for the award of any degree.
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ACKNOWLEDGEMENT
I thank all the staff of. Hyderabad for their help and support.
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CONTENTS
Chapter I 1-
Introduction
Research Methodology
Chapter II -
Company Profile
Chapter III 20-34
Questionnaire
Bibliography
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CHAPTER I
INTRODUCTION
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CHAPTER II
COMPANY PROFILE
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CHAPTER III
DATA ANALYSIS & INTERPRETATION
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CHAPTER IV
CONCLUSIONS AND SUGGESTIONS
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CUSTOMER:
Any individual who is recipient of goods, services, products, ideas etc delivered by the
organization will be rendered as the customer of the organization. In sales, commerce and
economics, a customer (sometimes known as a client, buyer or purchaser) is the recipient of a
goods, service, product or an idea obtained from a seller, vendor or supplier via financial
transaction or exchange for money or some other valuable consideration. An ultimate etymology
of “client” may imply someone merely inclined to do business, where as purchaser procures
goods and services on occasion but a customer habitually engages in transactions. Such
distinctions have no contemporary semantic weight.
CUSTOMER PERCEPTION:
Customer perception refers to the process by which a customer selects, organizes, and
interprets information/stimuli inputs to create a meaningful picture of the brand or the product. It
is a three stage process that translates raw stimuli into meaningful information.
Each individual interprets the meaning of stimulus in a manner consistent with his/her own
unique biases, needs and expectations. Three stages of perception are exposure, attention,
interpretation.
The formal definition of customer perception is, “A marketing concept that encompasses a
customer’s impression, awareness and/or consciousness about a company or its offerings.”
To keep in pace with technology advancements, marketers and bombarding the market
with hi-tech product and service offerings like online services, consumer durables to make life
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more smooth and so on the product are service offering, provide a set of benefits which promise
to elevate the consumer’s life style, making it more convenient smooth, and enhancing their
quality of life. That is why today firms are engaged in manufacturing products or issuing services
which offer consumer benefits both financial as well as psychological aspects.
Consumer decision making process will be based on how the individual perceives the
product. An understanding of the perceptual process will enable the marketers to the customer on
his purchase decision making an integral use of the marketing mixes. They will have to go
beyond the 4p’s of marketing mix elements by adding values and change the perception of value
for money proposition. Going for branding by including services, and corporate values marketers
can help to reduce the customer’s concept of perceived risk associated with the product or
service.
A motivated person is ready to act. How the person acts in influenced by his or her perception of
the situation. Two people with same motivation and in the same situation may act quite
differently because the perceive the situation differently.
A stimulus is any units of inputs to any senses. Examples of stimuli are sensory products,
packages, brand names and commercials. Sensory receptors are human organs (eyes, nose, ear,
tongue, skin). Their sensory functions are to see, hear, taste and feel.
SENSATION:
It is the immediate and direct response of the sensory organs to simple stimuli.
Human sensitivity is the experience of sensation of the stimuli varies with the quality of
individual’s sensory receptors and the amount of intensity of the stimuli to which he/she to be
exposed.
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Customer Perception Analysis is a value-chain assessment methodology that gives you a
better understanding of your interaction with customers. We find answers to the following
questions:
Having the right answers to these questions means you can align your strategy with your
customers, to create more value in their organization and target customers.
People can emerge with different perceptions on the same objects because of three
perceptual concepts.
1. SELECTIVE ATTENTION:
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2. SELECTIVE DISTORTION:
Even noticed stimuli do not always come across in the way the senders intended.
Selective distortion is the tendency to interpret information in a way that will fit our
preconceptions. Consumers will often distort information to be consistent with prior brand and
product beliefs. Selective distortion can work to the advantage of marketers with strong brands
when consumers distort neutral or ambiguous brand information to make it more positive.
3. SELECTIVE RETENTION:
People will fail to register much information to which they are exposed in memory, but
tend to retain information that supports their attitudes and beliefs. Because of selective retention,
we are likely to remember good points about a product we like and forget good points about
competing product. Selective retention again works to the advantage of strong brands. It also
explains why marketers need to use repetition in sending messages to their target market to make
sure their message is not overlooked.
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FACTORS EFFECTING THE CONSUMER PERCEPTION:
I.INTERNAL FACTORS:
Selective Attention: There is a tendency among people to consciously see and hear only to
certain aspects of the advertising message which is being communicated.
Perception is selective process. Usually, people are able to sense and receive only limited
information from the environment and hence are characteristically selective. During this process
of selection, certain aspects of stimuli are screened out and the others admitted. These aspects of
the stimuli which are admitted remain and fall within the threshold of the person while those are
screened out fall or below the threshold limit
Selective Exposure: Though selective exposure people try to avoid coming into contact with
or avoid any message that may go against or be contradictory to the strongly held beliefs and
attitudes. A person’s belief must be very strongly influence his perception about people or things,
Because of this, a fact is conceived not on what a person believes is to be, thus the individual
normally puts a censorship on the stimulus to avoid disturbance off his existing beliefs and value.
This is also known as maintenance of cognitive consistency.
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II.EXTERNAL FACTORS:
Physical properties of stimulus include intensity, size, position, contrast, novelty, repetition and
movement.
Intensity and Size:
The brighter or louder the sound, the more likely the person’s attention is to draw to it. For
instance, advertisers use these characteristics to draw the attention of the readers and viewers.
Large size advertisements in a news paper or magazine will be noticed and also read more often
than a small intension given although the increase will be noticed in size may not be linear.
Position: The position of the display or advertisement also is a determining factor of attracting
the attention. An advertisement placed next to a compatible editorial column of magazines, and
newspaper or magazine or assumed to be likely to attract more readers than old number pages. In
magazine more readership is obtained when advertisement are put on the cover pages or within
the first 10% of the pages.
Contrast: Human being have the ability to sounds, odors, pain bright lights, neon sign and
moments. That is why human beings are able to use sensory organs to adapt themselves to
various stimuli. This is where contrast help in the perception process.
Novelty: It has been observed by marketers that anything which is different from what are
normally expect tend to attract attention like an unusual bottle shape or a perform strip in a
magazine and so on. For instance, ’Footie’ was the first to insert novel idea of soft drink being
offered in a tetra pack or when coca cola and Pepsi were launched in small cans during the
world cup.
Advertising: The campaigns your company runs offer implied perceptions about your
products. What you say about your brand/company and the messages you deliver help others
form opinions.
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Influencers: The people that surround an individual have a massive impact on their decisions.
Whether they are in person or via social media, human nature is such that individuals listen to the
opinions and thoughts of those around them.
Personal experience: This is the biggest of all factors that weigh in to customer perception.
If someone has experienced firsthand the quality of a product or service or the responsiveness
and usefulness of a customer service channel, it will positively or negatively impact their
perception
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NEED FOR THE STUDY:
Every company in this world is conducting different types of survey to know company’s
positions in all aspects .It could give more information to take appropriate decisions in future to
move company’s in right path.
Management needs to know the customer preference information in order to take Sound
decisions. Surveys on customer preference can produce favorable or Unfavourable result , but
bringing a number of benefits to management. A study on Customer preference helps to
understand the performance of the organization and the behavior of the customers. The study of
customer perception indicates the expectations of the customers. Customer preference helps to
understand the loyalty of the customer towards the products.The management finds a possible
way to fulfill the expectations of customers and attracts new customers
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OBJECTIVES OF THE STUDY:
Every company has a particular goal. A study without objectives cannot reach the
destination. My project work was also directed to some particular targets and the main
objectives of the study are as bellow:
To understand the customer perception towards various products and services of Bajaj
Auto Ltd.
To make the employees of Bajaj Auto Ltd aware about the customer problems
and give suggestions to solve the problems. so, that the Bajaj can retain and
maintain the loyal customers.
This study is confined to Bajaj customers of twin cities; the study was conducted for period of
45 days.
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METHODOLOGY OF THE STUDY
Data sources:
There are mainly two types of sources of data collection.
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LIMITATIONS OF THE STUDY:
As the duration of the study was only 45 days it was not possible to cover large sample
size.
Enough care is taken in formulating the questionnaire; still some errors may creep in.
The survey has been restricted to the twin cities of Hyderabad only.
Accuracy of the study is purely based on the information as given by respondents.
Data given by the respondents are limited to their own attitude, perception, knowledge,
feeling and awareness.
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COMPANY POFILE
Bajaj Motors Limited was incorporated in 1986 and started it’s commercial production in
1989. BAJAJ MOTORS have started in machining unit and backward integrated in Forgings of
Auto Components. We are into manufacturing of auto components mainly precision engine
components for Two Wheeler's, Four Wheeler's, Tractors and other Heavy Machine
Equipment's.
Bajaj motors is promoted by the highly qualified and experienced promoters having a
successful track record of more than 40 years of experience in the manufacture of auto parts.
Our Brand is the visual expression of our thoughts and actions.It conveys to everyone our
intention to constantly inspire confidence.Our customers are the primary audience for our
brand.Indeed, our Brand Identity is shaped as much by their belief in Bajaj as it is by our own
vision.Everything we do must always reinforce the distinctiveness and the power of our
brand.We can do this by living our brand essence and by continuously seeking to enhance our
customers experience.In doing so, we ensure a special place for ourselves in the hearts and the
Our Brand Essence is the soul of our brand.Our brand essence encapsulates our mission at Bajaj.
It is the singular representation of our terms of endearment with our customers.It provides the
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Bajaj strives to inspire confidence through excitement engineering. Blending together
youthful creativity and competitive technology to exceed the spoken and the implicit
expectations of our customers. By challenging the given. By exploring the unknown and thereby
Bajaj Brand Values: We live our brand by its values of Learning, Innovation, Perfection, Speed
and Transparency. Bajaj will constantly inspire confidence through excitement engineering.
Learning: Learning is how we ensure pro-activity. It is a value that embraces knowledge as the
Innovation: Innovation is how we create the future. It is a value that provokes us to reach beyond
Perfection: Perfection is how we set new standards. It is a value that exhibits our determination
Speed: Speed is how we convey clear conviction. It is a value that keeps us sharply responsive,
interdependence.
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BOARD OF DIRECTORS:
Board of Directors
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Mrs. Suman Kirloskar Director
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DIFFERENT MILESTONES OF BAJAJ COMPANY:
2005
2004
January Bajaj unveils new brand identity, dons new symbol, logo and brandline
2003
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2001
November Bajaj Auto launches its latest offering in the premium bike segment ‘Pulsar’.
2000
1999
1998
July 25th Legend, India’s first four-stroke scooter rolls out of Akurdi.
1997
The Kawasaki Bajaj Boxer and the RE diesel Autorickshaw are introduced.
1995
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Agreements signed with Kubota of Japan for the development of diesel engines for
three-wheelers and with Tokyo R&D for ungeared Scooter and moped development.
The Bajaj Super Excel is introduced while Bajaj celebrates its ten millionth vehicle.
One million vehicles were produced and sold in this financial year.
1994
1991
1990
1986
The Bajaj M-80 and the Kawasaki Bajaj KB100 motorcycles are introduced.
1985
The Waluj plant inaugurated by the erstwhile President of India, Shri Giani Zail
November 5
Singh.
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1984
January 19 Foundation stone laid for the new Plant at Waluj, Aurangabad.
1981
1977
Bajaj Auto achieves production and sales of 100,000 vehicles in a single financial
year.
1976
1975
1972
1971
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1970
1960
Bajaj Auto becomes a public limited company. Bhoomi Poojan of Akurdi Plant.
1959
Bajaj Auto obtains licence from the Government of India to manufacture two- and
three-wheelers.
1948
1945
Bajaj Auto comes into existence as M/s Bachraj Trading Corporation Private
November 29
Limited.
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AWARDS & ACHIEVEMENTS OF BAJAJ COMPANY:
Bajaj Discover DTS-i - Bike of the Year 2005 OVERDRIVE Awards 2005
2005
BAJAJ AUTO - Bike Maker of the Year 2004 ICICI Automobiles OVERDRIVE Awards
2004 2004
DTS-i Technology - Auto Tech of the 2004 ICICI Automobiles OVERDRIVE Awards
Bajaj Pulsar DTS-i Bike of the Year 2004 ICICI Automobiles OVERDRIVE Awards
2004 2004
Wind 125 Two Wheeler of the Year 2004 CNBC AUTOCAR Awards 2004
2004
Wind 125 Bike of the Year 2004 2004 Business Standard Motoring
Bajaj Pulsar 180 DTS-i BBC World 2003 BBC World Wheels Award 2003
Year 2003
Bajaj Pulsar 180 DTS-i BBC World 2003 BBC World Wheels Award 2003
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Wheels Award for Best Two Wheeler
Bajaj Pulsar 150 DTS-i BBC World 2003 BBC World Wheels Award 2003
Bajaj Boxer AT KTEC BBC World 2003 BBC World Wheels Award 2003
under Rs 30,000
Bajaj Pulsar - Bike of the year 2003 ICICI Automobiles OVERDRIVE Awards
2003
year
the year
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Award Year By
Focus LAC Award for Outstanding 1998-99 India Trade Promotion Organisation
Performance
Manufacturer
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Top Exporter Shield - Western Region 1995-96 EEPC
Manufacturer
Durables Exporter
National Export award for Outstanding 1994-95 Government of India, Ministry of Commerce
Performance
Durables
Category
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KEY POLICY FOLLOWED BY BAJAJ COMPANY:
Environmental Policy
Bajaj Auto Ltd., manufacturer of two and three wheeler vehicles is committed to prevention
• Minimise the generation of waste and conserve resources Through better technology and
practices, and Promote environmental awareness amongst our employees and motivate
We, at Bajaj Auto, pledge ourselves towards creating and preserving a cleaner environment.
Quality Policy
We at Bajaj Auto continue to firmly believe in providing the customer Value for money, for
years through our products and services. This we shall maintain and improve,
In our decision making, quality, safety and service will be given as much consideration as
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Quality shall be built into every aspect of our work life and business operations. Quality
TPM Policy:
We at Bajaj Auto adopt Total Productivity Maintenance as a means of creating a safe and
participative work environment in which all employees target the elimination of losses in
order to continuously enhance the capacity, flexibility, reliability and capability of its
TPM Policy:
We at Bajaj Auto adopt Total Productivity Maintenance as a means of creating a safe and
participative work environment in which all employees target the elimination of losses in
order to continuously enhance the capacity, flexibility, reliability and capability of its
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ORGANIZATION PROFILE
Hyderabad-500016
This Private limited company was established on 11th March 2005 as authorized dealer
Having record of selling around 5000 bajaj vehicles in very short period of time .this
shows important role of dealer in selling vehicles & Deep dedication of all members of Rahul
Motors. Now BAJAJ AUTO PVT.LTD is acting as the biggest show room with Good
1. CT100
2. ANIKA
3. PULSAR180 DTS-I
4. PULSAR220 DTS-I
5. DISCOVER DTS-I
6. AVENGER
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DEPARTMENTS
Sales Department:
This department consists of the ales manager under whom are sales executives. The sale
executives are the people who help the customers to provide the necessary information regarding
their product. They are the key people who convince the customers to buy their product. This
Spares Department:
Spares department consist of a manager who looks after all the transaction carried out in the
spare department. This department holds the spares of the bajaj bikes. Under the manager they
are spares employees who are responsible for the carrying out the sales of the spares and
Accounts Department:
This department also consists of manager under whom there are other accountants working. This
department is responsible for maintaining the financial transactions carried out within the
organization. Maintaining the financial transactions, during the duay are to be recorded by the
accounts department.
Pre-Delivery Inspection:
This department consists of a PDI in charge under whom there are technician working.
The department is responsible for checking the bike and making it ready before the delivery.
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Work station:
This department is responsible for the maintenance and servicing of the bikes. In this department
there is a service manager, under whom are supervisors or service advisor’s. under the
supervisors are the technician who service the bikes that have come for servicing.
Mon Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June
2013 2013 2013 2013 2013 2013 2013 2013 2013 2014 2014 2014 2014 2014 2014
Sale 215 137 138 124 175 144 208 284 147 193 294 302 238 222 205
This shows the Great performance of Bajaj Auto Pvt Ltd. It has sold more than 100 vehicles
4-5 times . So managing director of Bajaj company Rajeev Bajaj Visited showroom on 11 march
2014 . which is 1st anniversary of Anika Auto Pvt Ltd. Rajeev Bajaj was very happy with
performance of this dealer . so dealer plays very important role in the success of any company.
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CHAPTER-4
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Table-1 Awareness about the Bajaj
70
64%
60
50
40
30
20 16%
12%
10 8%
0
Television Word of mouth Newspaper Billboard
Interpretation:
From the above pie-chart, it has been observed that among the sample size of 50 customers,
majority of customer’s i.e, 64% rated television who created awareness about the Bajaj among
the customers. This implies that among all the four options television play important role in
creating awareness among customers about the Bajaj.
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Table-2 Response about the services of Bajaj
80 76%
70
60
50
40
30 24%
20
10
0
Yes No
Interpretation:
From the survey it has been observed that majority of customers i.e 76% said yes and 24%
customers said no .This implies that about 24% of the customers don’t have enough knowledge
about all the products and services provided by Bajaj. There is a big opportunity for the
Automobiles to attract these customers towards other services. And the Automobiles staff should
get involved in providing knowledge and awareness to customers about the various products and
services offered by Bajaj.
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Table-3 The branch of Bajaj is good enough to cater all the customers
60
54%
50
40
30%
30
20
12%
10
4%
0
Strongly agree Agree Neutral Disagree
Interpretation:
From this pie-chart it has been observed that, majority of customers 54% feel strongly agree and
04% feel strongly disagree about the branch of Bajaj. This depicts that half of the customers are
dissatisfied about the branch
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Table-4 Customer Perception on Bajaj
60
52%
50
40
30
24%
20
14%
10%
10
0
Quality service Wide branch network Easy accessibility Speedily transaction
Interpretation:
From the survey it is clear that majority of customers i.e 52% think that the quality service is the
key reason for customer satisfaction provided by Automobiles.This implies that Bajaj is known
for quality service.
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Table-5 Recommendation of Bajaj motors
100 94%
90
80
70
60
50
40
30
20
10 6%
0
Yes No
Interpretation:
This study implies that when talking about the recommendation , all the customers are ready and
feel great to recommend the Bajaj Automobiles to their friends and relatives. This shows the
positive word of mouth, publicity of the Automobiles and the Bajaj is attracting and maintaining
the customers to generate a high profits for the Automobiles.
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Table-6 Would you recommend Bajaj to your friends, relatives and associates
100
92%
90
80
70
60
50
40
30
20
8%
10
0
Yes No
Interpretation: This study implies that when talking about the recommendation , all the
customers are ready and feel great to recommend the Automobiles to their friends and relatives.
This shows the positive word of mouth publicity of the Automobiles and the Automobiles is
attracting and maintaining the customers to generate a high profit for the Automobiles.
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Table-7 Drawbacks in the services of Bajaj
No 38 76
Total 50 100
80 76%
70
60
50
40
30
24%
20
10
0
Yes No
Interpretation: This chart explains that about 24% feel that there are few drawbacks in the
services of Bajaj and 76% are those customers who feel that there are no drawbacks in the
services provided by Bajaj. These customers give suggestions and remedies to make
improvements in the service level so that the Bajaj should maintain loyal customer base and
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Table-8 Is staff of Bajaj is solving your problem
Very good 15 30
Good 07 14
Poor 03 06
Total 50 100
60
50%
50
40
30%
30
20
14%
10 6%
0
Excellent Very good Good Poor
Interpretation: From above chart it is clear that majority of customers i.e 50% has rated Bajaj
excellent
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Table-9 Is Bajaj working for well being of society.
100
88%
90
80
70
60
50
40
30
20
12%
10
0
Yes No
Interpretation: From above graph it is clear that 88% of customers feel that Bajaj is working
for well being of society,12% of customers feel that Bajaj is not socially responsible
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Table-10 Did you find our sales literature and/or website informative.
100
90 86%
80
70
60
50
40
30
20 14%
10
0
Yes No
Interpretation: From above graph it is clear that 86% of customers feel that Bajaj website
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FINDINGS AND CONCLUSIONS:
From this project, it has been observed that Bajaj is holding the No. 1 market share
It has been observed that television is the most attractive and profitable marketing
channels of Bajaj for creating awareness among customers.
It has been observed that 24% of the customers are not aware about all the products and
services provided by Bajaj.
All of the customers are satisfied with the work culture and ambience of Bajaj
.
It has been observed that of 76% customers think that the quality service is the key reason
for customer satisfaction provided by bajaj.
It has been observed that 94% customers are willing to recommend it to others.
It has been observed that 12% of customers think that Bajaj is not working for well being
of society.
It has been observed that 24% of customers fell that there are drawbacks in services
provided by Bajaj.
It has been observed that 50 % of customers feel that staff is well knowledgeable in
solving customer problems.
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.
About 25.39% of the customers are not aware about all the products and services
provided by the bajaj, therefore the Bajaj employees should get involved in providing
information about the other services offered by the bajaj rather than pitching accounts to
them.
The Bajaj should decrease the time period for the activation of credit cards so that the
customers feel satisfied with the automobiles.
Only 4.76% of the customers feel that the branch is not good enough to cater all the customers,
therefore the branch network should be increased so that 4.76% of customers also feel that bajaj
can cater their needs
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BIBLIOGRAPHY:
Websites:
http:google.com
http://en.wikipedia.org/wiki/Automobiles
http:/ www.researchandmarkets.com
www.bajaj.com
Text book:
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Questionnaire
3. Do you think, the branch of Bajaj is good enough to cater all the customers ?
10. Did you find our sales literature and/or website informative?
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