Professional Documents
Culture Documents
Profile of Hyundai
Industry:
Headquarter:
Automotive
Sriperumbudur,Kanchipuram
district, Tamil Nadu, India
Key People:
Mr. Bo Shin Seo (MD)
Products:
Automobiles
Parent:
Hyundai Motor Company
Website:
www.hyundai.co.in
wholly owned subsidiary of hyundai motors company
Chung Ju-Yung
HYUNDAI VISION
Car Density:
Only 13 cars per 1000 people 60% of the PV market is Hatchback segment
Consumers are informed and they are value driven Huge growth potential
for HMIL
Social Factors
Emerging markets are slowing the number of first time buyers of HMC is huge
Rapid urbanization increase in Rural demand Existing distribution channels
and service networks Preference for small and compact cars. They are socially
acceptable even amongst the well off Preference for fuel efficient cars with low
running costs.
Task Environment
Large and growing domestic auto market Competition is huge in this segment
12 brands are competing against each other in the hatchback segment HMIL
has market share of 48% of the total exports of PV from India.
Innovation
Gives good quality cars to Customers
Vehicles are certified by Hyundai Engineers using 147 check points
aggressive investment in advertisement and sponsorships
No compromise on quality
Human centric, eco-friendly technologies and services.
Brand Positioning
High brand equity
HML has become an Indian brand due to its long time presence in the Indian market
Perceived as value for money vehicle
India is a cricket crazy nation so tie ups with ICC is the best possible marketing strategy.
Management philosophy
Realization of Possibilities
Unlimited sense of Responsibility , Respect for Mankind
Core Values Customer, Challenge, Collaboration, People, Global
Frequent change in management not good for the organization
Car sales dropped in July 2012 when the sales and marketing head resigned
19.21%
44.24% Maruti
HYUNDAI
13.88%
5.11%
10.88%
Mahindra
Honda
Tata
Others
PRODUCT LINE
First Car 1998-01
PRODUCT LINE
CONTI..
Marketing Strategies for Santro
Positioning and Targeting
Targeted the B segment
Small car with many additional features and low prices
Marketing Mix
Pricing based on consumer perceptions
3 versions of product with additional features
Elaborated process to select dealers and place of sale
SRK
5-CARS IN
SMALL SEGMENT
MODELS IMPORTED
3- LUXURY
MODELS
Hyundai i10
Hyundai
Santro Xing
Hyundai i20
Hyundai
Grand i10
Hyundai
Sonata
Hyundai
Santa Fe
Hyundai
Accent
Hyundai
Verna
Hyundai
Elantra
PRICING BY HYUNDAI
Pricing Strategy:
-Price of regular has been standardized across all the models,
and is the first step towards standardized service cost.
-Final aspect of the strategy is to increase the average selling
price of Hyundai cars all over India by introducing more premium
and higher end products.
Non- Pricing Strategy:
-Educate the customer about Hyundai building a corporate
image
-Create hype and expectation about the cars
-Explain the virtues of its products
-To ensure that Indian customers develop a positive association
with Korean car makers.
PRICING STRATEGY
Hyundai Santro
Rs. 3.13 - Rs. 4.35 lakhs
PRICING
SMALL
SEGMENT CARS
hyundai-grand-i10
Rs. 4.52 - Rs. 6.75 lakhs
PRICING CONTI..
Hyundai-neo-fluidic-elantra
Rs. 13.35 - Rs. 17.02 lakhs
Hyundai-sonata
Rs. 19.64 - Rs. 21.77 lakhs
Exports to more than 120 countries across EU, Africa, Middle East, Latin
America, Asia and Australi
Turnover
$35 billion
To
$145 billion
AUTO MOTIVE
Plan 2016
Turnover
$35 billion
To
$145 billion
Employment
+25 million
THANK YOU
Misab P.T
Roll No: 43