Professional Documents
Culture Documents
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1.1 About the Industry:
The automotive industry is a wide range of companies and organizations involved
in the design, development, manufacturing, marketing, and selling of motor
vehicles, some of them are called automakers. It is one of the world's most
important economic sectors by revenue. The automotive industry does not include
industries dedicated to the maintenance of automobiles following delivery to the
end-user, such as automobile repair shops and motor fuel filling stations.
The term automotive was created from Greek autos (self), and Latin motives (of
motion) to represent any form of self-powered vehicle. This term was proposed
by Elmer Sperry. Around the world, there were about 806 million cars and light
trucks on the road in 2007, consuming over 980 billion liters (980,000,000 m3) of
gasoline and diesel fuel yearly. The automobile is a primary mode of transportation
for many developed economies. The Detroit branch of Boston Consulting
Group predicts that, by 2014, one-third of world demand will be in the
four BRIC markets (Brazil, Russia, India and China). Meanwhile, in the developed
countries, the automotive industry has slowed down. ] It is also expected that this
trend will continue, especially as the younger generations of people (in highly
urbanized countries) no longer want to own a car anymore, and prefer other modes
of transport. Other potentially powerful automotive markets
are Iran and Indonesia. Emerging auto markets already buy more cars than
established markets. According to a J.D. Power study, emerging markets accounted
for 51 percent of the global light-vehicle sales in 2010. The study, performed in
2010 expected this trend to accelerate. However, more recent reports (2012)
confirmed the opposite; namely that the automotive industry was slowing down
even in BRIC countries. In the United States, vehicle sales peaked in 2000, at 17.8
million units.
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dealership was set up in March 1997 and the first authorized service station was setup
in august same year. Mercedes Benz India limited was rechristened to Daimler to
Daimler-Chrysler India private limited
Vision:
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The mission of Silver Star Auto Limited is to promote the Mercedes-Benz brand by
developing and implementing strategies that result in high sales and exceptional After-
Sales services to our customers in Ghana, leading to optimum return on investment for
our shareholders.
We will achieve this by providing a supportive work environment that allows our
employees to pursue professional excellence, while positively contributing to the
communities that we work in.
SWOT analysis:
Strengths in the SWOT analysis of Mercedes
1. High TOMA: Mercedes is a well-established brand & is part of the
“German Big 3” luxury automakers, along with Audi and BMW, which are
the best-selling luxury automakers in the world. Mercedes focuses its
sponsorship spending on events that attract a well-heeled crowd. Its three
pillars are golf, tennis and New York’s Fashion Week. Mercedes won its first
Constructors’ Championship as the top team in F1 in 2014.
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trailed by Mercedes in developing nations like India. Mercedes is focused
on becoming No.1 player in developing markets & that’s what driving their
growth.
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markets, to doctors, to jobs. Nearly every trip ends with either an economic
transaction or some other benefit to the quality of life.
4. High fixed cost and investment in R & D: Due to the fact that mature
markets are already overcrowded, Industry is shifting towards emerging
markets by building facilities, R & D centers but benefit of these decisions is
yet to be capitalized.
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Chapter-2
Introduction to Study
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Chapter2: Introduction to Study
A research process consists of stages or steps that guide the project from its conception
through the final analysis, recommendations and ultimate actions. The research process
provides a systematic, planned approach to the research project and ensures that all
aspects of the research project are consistent with each other.
Research studies evolve through a series of steps, each representing the answer to a
key question.
INTRODUCTION
RESEARCH DESIGN
I propose to first conduct a intensive secondary research to understand the full impact
and implication of the industry, to review and critique the industry norms and reports, on
which certain issues shall be selected, which I feel remain unanswered or liable to
change, this shall be further taken up in the next stage of exploratory research. This
stage shall help me to restrict and select only the important question and issue, which
inhabit growth and segmentation in the industry.
The various tasks that I have undertaken in the research design process are :
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Defining the information need
Design the exploratory, descriptive and causal research.
RESEARCH PROCESS
The research process has four distinct yet interrelated steps for research analysis
EXPLORATORY RESEARCH
Primary Data
Secondary data
PRIMARY DATA
New data gathered to help solve the problem at hand. As compared to secondary data
which is previously gathered data. An example is information gathered by a
questionnaire. Qualitative or quantitative data that are newly collected in the course of
research, Consists of original information that comes from people and includes
information gathered from surveys, focus groups, independent observations and test
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results. Data gathered by the researcher in the act of conducting research. This is
contrasted to secondary data, which entails the use of data gathered by someone other
than the researcher information that is obtained directly from first-hand sources by
means of surveys, observation or experimentation.
SECONDARY DATA
Information that already exists somewhere, having been collected for another purpose.
Sources include census reports, trade publications, and subscription services. There
are two types of secondary data: internal and external secondary data. Information
compiled inside or outside the organization for some purpose other than the current
investigation Researching information, which has already been published? Market
information compiled for purposes other than the current research effort; it can be
internal data, such as existing sales-tracking information, or it can be research
conducted by someone else, such as a market research company or the U.S.
government.
DESCRIPTIVE RESEARCH
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Identification of target population and determination of sampling Plan.
Collection of information
Analysis of information
DATA COLLECTION
Data collection took place with the help of filling of questionnaires. The questionnaire
method has come to the more widely used and economical means of data collection.
The common factor in all varieties of the questionnaire method is this reliance on verbal
responses to questions, written or oral. I found it essential to make sure the
questionnaire was easy to read and understand to all spectrums of people in the
sample. It was also important as researcher to respect the samples time and energy
hence the questionnaire was designed in such a way, that its administration would not
exceed 4-5 mins. These questionnaires were personally administered.
The first hand information was collected by making the people fill the questionnaires.
The primary data collected by directly interacting with the people. The respondents were
contacted at shopping malls, markets, places that were near to showrooms of the
consumer durable products etc. The data was collected by interacting with 200
respondents who filled the questionnaires and gave me the required necessary
information. The respondents consisted of housewives, students, businessmen,
professionals etc. the required information was collected by directly interacting with
these respondents.
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DETERMINATION THE SAMPLE PLAN AND SAMPLE SIZE
TARGET POPULATION
SAMPLE SIZE:
The numbers of samples you need are affected by the following factors:
Project goals
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How you plan to analyze your data
SAMPLE SIZE
I have targeted 100 people in the age group above 20 years for the purpose of the
research. The target population influences the sample size. The target population
represents the New Delhi region. The people were from different professional
backgrounds.
The details of our sample are explained in chapter named primary research where the
divisions are explained in demographics section.
Interviewer error
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Questionnaire error
The questionnaire designing has to careful so that only required data is concisely
reveled and there is no redundant data generated. The questions have to be worded
carefully so that the questions are not loaded and does not lead to a bias in the
respondents mind
Respondent error
The respondents selected to be interviewed were not always available and willing to co
operate also in most cases the respondents were found to not have the knowledge,
opinion, attitudes or facts required additionally uninformed response errors and
response styles also led to survey error.
Sampling error
We have taken the sample size of 100, which cannot determine the buying behavior of
the total population. The sample has been drawn from only National Capital Region.
RESEARCH DESIGN
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research operations, thereby making research as efficient as possible yielding
maximum information with the minimum effort, time and money.
The scope of study is limited to the respondents are selected from in and around
Hyderabad
.
The project is carried out for the period of 8 weeks only.
However, Mercedes-Benz showrooms are located in other places i.e. locally and
even in the neighboring states. Only opinion of respondents of HYDERABAD
was consider for finding out the opinions of respondents.
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Chapter 3:
Review of Literature
To create fascination and brand identity: that's the objective of the Mercedes-Benz design
philosophy, oriented towards long-term effect rather than short-lived trends, it taps into a
“gene pool” of brand-typical style elements in the sense of a living tradition. At the end of this
process is the car as an individual space for living.
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For Mercedes-Benz, design is literally a trademark. Because for over 100 years, design has
characterized the image of the brand with the three-pointed star and has made visible
typical Mercedes brand values such as fascination, responsibility and perfection. Insofar,
design has important tasks on two counts – and Mercedes design has fulfilled them for
many years now very successfully: the car's lines fascinate not only because of the product
itself, they also serve as a mirror of the philosophy and profile of the Stuttgart-based
automotive brand. In other words: design makes brand values visible – and sets its mark on
them.
Design should also awaken passion, passion for the automobile and the wish to possess a
model. “Love at first sight” has long been a slogan with a great reality content in the
automotive trade. After arousing love at first sight, one of the main tasks of the designers is
to create a lasting relationship and maintain the love affair over many years. The
psychological arc goes from acquaint to recognize to brand awareness. It is not only a
question of creating shapely, functional individual products, but of generating brand identity
at the same time.
However, in order to build up and care adequately for such a successful brand image, long-
term strategies and conceptual continuity are essential. New Mercedes models must indeed
formally create a bridge to the future, but at the same time their lines may not abandon their
origin. This guarantees that every new Mercedes-Benz possesses a clearly recognisable
identity and shows its pedigree at the first glance. Although every model displays
unmistakable analogies with its predecessors, it shows a clear formal further development
and heralds a new design era.
Given that a product life span of around 20 years is quite realistic for Mercedes automobiles,
the designers must not indulge in passing fancies. The high market value which Mercedes-
Benz passenger cars retain even after many years on the road is due not least to the fact
that a previous model of Mercedes-Benz does not automatically “look” old. Even when new
models come out in a model series, they don't detract from their predecessors, which
continue to be desirable, in particular because of the enduring appeal of their design.
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A Mercedes-Benz is always recognizable as a Mercedes-Benz. Meticulously and with great
care, Mercedes-Benz designers ensure that certain style features, while being further
developed, are retained in their basic form. Designers then speak of the brand's “gene pool”.
This is what they tap into, to care for and protect the style of the brand.
A good example of this is the typical Mercedes radiator grille – a feature which has identified
and rendered unmistakable the motor car with the three-pointed star for over 100 years.
Over this long span of time the radiator grille has been repeatedly developed further in a
formal sense. Both in its basic proportions and in its details the designers try to interpret this
identifying feature anew, creating a fresh, modern image.
Recognizing and shaping trends are important tasks of the auto designers. They live in the
present, but their realm of action is the future. This calls for a very sensitive perception for
changes in customers' life habits, for people's new attitudes towards their daily life and for
those tendencies concerning form and colour made evident in other sectors such as the
furniture industry or the electronics sector, for example. Or for impulses coming from other
cultures; this is why Mercedes designers do not only work in Germany, but in Italy, Japan,
China and the USA as well. The automaker has set up Advanced Design Studios at all these
locations, to act as a sort of seismograph and pick up stylistic trends on site and analyse
them to process them creatively. A key issue here is the ability to intuitively grasp that which
can attain formal timelessness, and to develop a sensitivity for important, sustainable
tendencies in art, culture and society.
However, having a vision for the future and being able to sense new trends is not enough.
Because behind the manifold, diffuse wealth of future ideas on offer there lies the question
of which of the currents does a brand like Mercedes-Benz want to allow itself to be
influenced by. For Mercedes-Benz it has always been decisive to be, not fashionable, but
modern.
That's why what is important is to distinguish between short-lived tendencies and long-term
developments and thus identify customers' authentic expectations for the future. Mercedes
designers therefore do not need trend counseling but rather a well-founded prognosis and
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concrete answers to the questions as to how people will live tomorrow, how they will
consume and – in particular – how to enthrall and inspire future customers. The challenge
consists in reflecting about possible future developments and to think further – beyond the
reality that bears the seal of trends and fashion.
This aspect is probably the most important and interesting of those that determine the work
of automotive designers. It is all about people, or, more specifically, about customers and
their personality. Because driving a car today means a lot more than reaching your
destination in safety and comfort. Today, more than ever, the emphasis is on making the
journey itself an experience that is enjoyable because one feels at ease in one's car, and
because the car goes well with one's lifestyle – and because it is also possible to express
style very well by means of the car. More than ever, the sensory perception of a product
therefore plays an exceptional role.
Keeping the fascination for what is beautiful alive over the years is also one of the most
important tasks of the interior designers. Its importance for design work is increasing. The
interior of a car is conceived as a space for living, one where a lot of time is spent. That is
why a pleasant environment is playing an increasingly important role in the motor car, too.
There is no doubt about it: customers have become both more demanding and more
discerning over the years in this respect. They not only want a wide choice of possible
appointments from which to pick precisely that which suits their individual taste and
personality. They now also set greater store by the use of high-quality materials and
precision workmanship. These of course help convey, whilst also making more tangible,
values such as aesthetics, comfort and quality as part of the overall visual impression.
The objective of the interior designers at Mercedes-Benz can be summed up in a few words:
one gets into the car, closes the doors and immediately feels at home
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Chapter4:
Data analysis and
interpretation
Fostering relationship will require businesses to understand the needs and preferences
of their customers. This is crucial for brand marketing as it helps an online business to
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have a specific target market that it knows better in terms of their customer purchasing
preferences and related shopping activities. For many years, companies have already
collected linear data for digital marketing. However, as digital technology evolves and
grow, big data analytics came and it innovates how the brand marketing approach is
done by most prominent brands in the industry today.
A new form of data analytics has emerged, infusing brand marketing campaigns with
more accurate analysis on how brands can connect and interact with their target
consumers and market. Instead of linearly collecting data, the new approach for brand
marketing is utilizing circular data analysis, which involves understanding customer
behaviors, shopping activity, and preferences for a product, service or brand. For every
Likes or re-tweet of potential customers to a brand’s Facebook or Twitter page, the data
analytics system processes the crucial metrics that set aside specific parameter results
to understand your customer’s patterns of preferences for digital products and services.
Businesses are driven towards satisfying their customers and big data analytics make
the process easier. It makes digital marketers more competent in delivering accurate
results in their digital marketing campaign by providing their customers the kind of
products they want and need. Many companies have been relying mainly on their gut in
terms of determining what products and services customers may want and like. This
becomes their marketing campaigns ineffective. With big data analytics, data reports
provide leads that can help marketers understand customer behavior more accurately.
The massive influx of data provides numerous information that are helpful to brand
companies in determining the various aspects of product improvement and delivering
specific services relevant to customers that will yield better profit for them. Big data
provide a window of opportunity for brand companies to know what products their target
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customers are passionate about, their wants, preferences and shopping behavior.
Amazon, for instance, is using a new scheme of collecting big data by launching its
Price Check application that allows the consumers to use the app in checking for
Amazon.com product prices. By a simple click of this app, it brings back a massive
influx of information regarding the consumer purchasing habits, location and interests.
With big data on hand, brand companies will be able to improve the experience of their
customers when interacting with their products and services. By infusing big data
analytics, it is easier for marketers to know about their competitors and how to improve
their digital marketing strategies that will bring their brand closer to their customers. The
data collected is a company’s asset because by analyzing the collected data, valuable
customer information is extracted that companies use to build stronger relationship with
their target customers.
The ultimate goal in utilizing big data in optimizing brand marketing is to understand
what data is valuable to your marketing goals. There are major benefits in using big
data as follows:
1. Big data can help enrich a brand company’s marketing model and customer
engagement. Branding can be improved by using the data acquired from customers’
shopping and purchasing behavior. This can help marketers understand how to
personalize a customer’s shopping experience and undertake a more
personalization approach to the company’s marketing model for better customer
engagement.
2. Big data analytic point out the existing marketing flaws. Brand marketers may
see possible indicators that will show the direction of market trends that their brand
may be unable to address. It can give a marketer more insights about the weak
areas of their marketing strategies and which marketing directions to take to make
their brand more customer-centric and engaging to their target market.
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3. Brand marketing can use data analytics to improve a company’s marketing
experimentation process. Every aspect of digital marketing schemes may be
considered based on the customer data and behavior, and companies can employ
various marketing strategies to give their customers better product experience.
4. Use big data as a feedback loop. Big data parameters can be used to analyze
whether a particular brand marketing approach is working and able to engage
customers. With the big data analysis process, digital marketers can easily transition
from one marketing approach to another until they find one that yields better
customer response and product interaction.
5. Big data analytics provide newer insights in marketable approaches that were
never available before. Digital marketers are unable to track down a customer’s
online shopping patterns before, for instance, or unable to know what kind of brands,
products and services they usually search online. Translate and define data to obtain
new marketing views that will make your brand more responsive to the demands of
your market.
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INTERPRETATION:
INTERPRETATION:
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22% of the respondents like the style/design of their car.
24% of the respondents like the comfort of their car.
26% of the respondents like the brand name of their car.
28% of the respondents like the services offered.
INTERPRETATION:
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DATA FIGURE 4.0:
INTERPRETATION:
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DATA FIGURE 5.0:
INTERPRETATION:
INTERPRETATION:
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30% of the respondents prefer in house finance.
70% of the respondents prefer out house finance.
INTERPRETATION:
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DATA FIGURE 8.0:
INTERPRETATION:
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INTERPRETATION:
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INTERPRETATION:
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INTERPRETATION:
INTERPRETATION:
30% of the respondents are highly satisfied with safety & comfort.
25% of the respondents are satisfied with safety & comfort.
20% of the respondents are neutral towards safety & comfort.
15% of the respondents are dissatisfied with safety & comfort.
10% of the respondents are highly dissatisfied with safety & comfort.DATA
FIGURE 14.0:
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INTERPRETATION:
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INTERPRETATION:
26% of the respondents are highly satisfied with the space availability.
25% of the respondents are satisfied with the space availability.
22% of the respondents are neutral towards the space availability.
16% of the respondents are satisfied with the space availability.
11% of the respondents are highly dissatisfied with the space availability.
INTERPRETATION:
29% of the respondents are highly satisfied with the maintenance cost.
31% of the respondents are satisfied with the maintenance cost.
20% of the respondents are neutral towards the maintenance cost.
12% of the respondents are dissatisfied with the maintenance cost.
8% of the respondents are highly dissatisfied with the maintenance cost.
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INTERPRETATION:
29% of the respondents are highly satisfied with post sale & additnl.
services.
27% of the respondents are satisfied post sale & additional services.
24% of the respondents are neutral towards post sale & additional services.
12% of the respondents are dissatisfied with post sale & additnl. services.
8% of the respondents are highly dissatisfied with post sale & additnl.
services.
Features
120
100
100
80
60
100
40 35
30
20
20 35 30 10
20 5
10 5
0
Highly Satisfied Satisfied Neutral Dissatisfied Highly Dissatisfied Total
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INTERPRETATION:
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Chapter-5
Findings& Suggestion
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Chapter-5 SUMMARY OF FINDINGS
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RECOMMENDATIONS & SUGGESTIONS
The company can for the undertake R&D to improve the existing feature which field help
increase in the customer satisfaction.
The company should promote about the entire feature offered by it.
As majority of the customer give opinion that they are satisfied is the factor, services
and design of the product, the company should not only maintain the existing standard
but also enhance them.
The service men in the service centers are unable to understand the problems
told
by us, and they are not resolving the cars problems.
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Provide information on service and mileage regularly.
Please provide information about new cars along with their price lists at least
once in 6 months.
advertisements on T.V
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Chapter 6:
CONCLUSION
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Chapter 6:CONCLUSION
Brands are now a central feature of consumer marketing, they are important in building
long-term relationships with the consumer, irrespective of the type of market. Their
importance is now also being recognized in other markets including service and
industrial. Investing in a brand builds consumer confidence and loyalty and allows for
brand stretching. It requires a consistent and long-term strategy. Only a few brands
have emerged as truly global.
In conclusion I would say that the brand Mercedes-benz is quite known to peoples.
Mercedes-benz has built its customer satisfaction among a relatively large number of
people in an around New Delhi. The customers are aware largely of the product with the
help of Television and the product still has a way to increase its advertising channels to
reach the relatively large number of people. Most of the customers are satisfied with the
features and services of Mercedes-benz but there is always a scope of improvement in
every field.
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Chapter:7
BIBLIOGRAPHY
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Chapter-7:BIBLIOGRAPHY
WEBSITES:-
www.mercedes-benz.co.in
www.mercedes-benz.com
www.scribd.com
www.wikipedia.com
www.google.com
www.automobileindia.com
www.indiacar.com
MAGAZINES:-
BOOKS:-
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QUESTIONNAIRE
Name:
Contact no.
a) C class
b) E class
c) M class
d) S class
a) Style/design
b) Comfort
c) Mercedes brand
d) Service
a) Black
b) White
c) Silver
d) Red
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4. How did you come to know about this car before purchasing?
b) Avertissements
c) Car experts
e) Auto magazines
a) In house finance
a) Televisions
b) Magazines
c) News papers
d) F.M/Radio
a) Free insurance
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c) Extending the service period
10. What are the attributes of the brand that you prefer as a customer?
a) Price
b) Quality
c) Comfort
11. What brand(s) did you own before buying this car?
a) Volkswagen
b) Toyota
c) BMW
d) Audi
e) Mercedes
12. Are you satisfied with the fuel consumption of your Mercedes?
a) Highly satisfied
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b) Satisfied
c) Neutral
d) Dissatisfied
e) Highly dissatisfied
13. Are you satisfied with the Safety and Comfort of your Mercedes?
a) Highly satisfied
b) Satisfied
c) Neutral
d) Dissatisfied
e) Highly dissatisfied
a) Highly satisfied
b) Satisfied
c) Neutral
d) Dissatisfied
e) Highly dissatisfied
a) Highly satisfied
b) Satisfied
c) Neutral
d) Dissatisfied
e) Highly dissatisfied
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16. Are you satisfied with the maintenance cost of your Mercedes?
a) Highly satisfied
b) Satisfied
c) Neutral
d) Dissatisfied
e) Highly dissatisfied
17. What is your satisfaction level with the post-sale & additional services offered by
Mercedes?
a) Highly satisfied
b) Satisfied
c) Neutral
d) Dissatisfied
e) Highly dissatisfied
18. What is your satisfaction level with the features offered by Mercedes?
a) Highly satisfied
b) Satisfied
c) Neutral
d) Dissatisfied
e) Highly dissatisfied
Thanks for taking the time to fill out this questionnaire and for providing valuable
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information which will be used for my project work, market research studies and reports.
We do not share or sell your name, address or any other data with any outside
company for any purpose.
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