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A
RESEARCH REPORT
ON
CONSUMER BEHAVIOURIN TWO WHEELERS INDUSTRIES
WITH SPECIAL REF. TO
SUBMITTED FOR REQUIREMENT OF
MASTER OF BUSINESS ADMINISTRATION
SUBMITTED TO SUBMITTED BY
MR. A.K.TYAGI ANKIT PANT
(Mgmt. Dept.) MBA (IV Sem)L.I.M.T, Gr. Noida Roll No. 1117270014
LLOYD INSTITUTE OF MANAGEMENT AND
TECHNOLOGY
GREATER NOIDA
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ACKNOWLEDGEMENT
It is a pleasure to record my thanks and gratitude to persons and organizations whose
generous help and support enabled me to complete this research report within the
stipulated time period. My special thanks are due to It is a pleasure to record my
thanks and gratitude to persons and organizations whose generous help and support
enabled me to complete this project within the stipulated time period. My special
thanks are due to Prof. AMIT KUMAR, Director (Management Department) and
Faculty Guide
Mr.A.K.TYAGI LIMT, Greater Noida, for their active help and support in making
me understand about Indian two wheeler industry, who guided me at each step during
my research report period and without whom preparation of this report would not
have been possible.
This research report is the culmination of the synchronized effort of all the above
mentioned that had faith and confidence in me.
I am greatly indebted to all those persons who have helped me in some way or other
in the completion of the research report.
ANKIT PANT
MBA (IV Sem)
Roll No. 1117270014
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TABLE OF CONTENTS
Chapter.-1. INTRODUCTION
Chapter.-2. CRITICAL REVIEW OF LITERATURE
Chapter.-3. CORPORATE INTRODUCTION
- Company profile
- Industry profile
- Products of Yamaha
- SWOT checklist
Chapter.-4. RESEARCH METHODOLOGY
- Research problem and objective
- Research process
- Research design
- Scope of study
Chapter.-5. DATA COLLECTION AND PRESENTATION
Chapter -6 GRAPHICAL DATA ANALYSIS AND ITS
INTERPRETATION
Chapter.-7. FINDINGS OF THE RESEARCH
Chapter.-8. GAPS IN LITERATURE REVIEW
Chapter-9. SCOPE OF FURTHER RESEARCH
Chapter.-10. PROBLEM IDENTIFICATION
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Chapter.-11. CONCLUSION
Chapter.-12. SUGGESTIONS
Chapter -13. LIMITATIONS
Chapter -14. BIBLIOGRAPHY
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EXECUTIVE SUMMARY
OBJECTIVE :
To view the satisfaction level of customers for two wheelers industries.
RESEARCH METHODOLOGY :
The research had to be conducted through a survey based on questionnaires
Sample size
200.
Brands covered
Hero honda
Bajaj
Honda
Tvs
Suzuki
Yamaha
Target Area
New Delhi
Noida
Greater Noida
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Sampling used
simple random.
Scaling used
5 point likert scale .
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DATA ANALYSIS :
Analysis was done on the basis of 22 parameters. Bar charts were developed
on these parameters which compare different brands in the 2 wheeler industry.with
the help of these charts. yamahas position in the market is found and analysed .
SUGGESTIONS :
Introduction of new brands.this may turn the market oligopolistic but will
definitely increase the market share.
Looks and style should not be over stressed as compared to quality and
mileage.
Yamaha does not have any successful 150 cc bike.
Yamahas R & D facilities should coordinate with the marketing wing to give
customers what they want.
Secondary research shows that yamaha has a good brand awareness. But
when it comes to real market , it is an illusion.
360 degree marketing approach with aggressive promotional campaignsshould be followed.
Focus should be on young teenagers and executives as they represent largest
portion of the bike user segment .
Provide better sales follow up which almost every brand lacks .
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Indian customers generally do not use bike for fashion but as a necessity so
mileage should be a concern.
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CHAPTER 1
INTRODUCTION
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INTRODUCTION
Research means detailed study of a problem. Here, the details of the
marketing problem are collected and studied, conclusions are drawn and suggestions are
made to solve the problem quickly, correctly and systematically. In MR, specific
marketing problem is studied in depth by collecting and analyzing all relevant information
and solution are suggested to solve the problem which may be related to consumers,
product, market competition, sales promotion and so on.
MR is special branch of marketing management. It is comparatively of recent in origin.
MR acts as an investigative arm of a marketing manager. It suggests solution on marketing
problem for the consideration and selection by a marketing manager. MR also acts as an
important tool to study buyer behaviour, changes in consumer life-style and consumption
patterns, brand loyalty and forecast market changes.
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In brief, MR facilitates accurate marketing decisions for consumer satisfaction on the one
hand and sales promotion on the other hand. It is rightly treated as the soul of modern
marketing management. MR suggests possible solution on marketing problem to
marketing manager for his consideration and final selection. It is rightly said that the
beginning and end of marketing management is marketing research. It is primarily used to
provide information needed to guide marketing decision, market mix. It acts as a support
system to marketing management.
INCREASING NEED OF MARKETING RESEARCH
1) Growth and complexity of markets :- Markets are no more local in character. They
are now national and even global in character. The marketing activity is becoming
increasingly complex and broader in scope as more firms operate in domestic and global
markets. Manufactures find it difficult to establish close contact with all markets and
consumers directly. Similarly, they have no control on the marketing system once the
goods are sold out to middlemen. This situation creates new problem before the
manufacturers which can be faced effectively through MR as it acts as a feed-back
mechanism to ascertain first hand information, reaction, etc. of consumers and middleman.
Marketing activities can be adjusted accordingly.
2) Wide gap between producers and consumers:- marketing research is needed as
there is a wide gap between producers and consumers in the present marketing system.
Due to mass scale production and distribution, direct contact between producers and
consumers. Producers do not get dependable information as regards needs, expectation and
reactions of consumers, they are unable to adjust their products, packaging, prices, etc. as
per the needs of consumers. The problem created due to information gap can be solved
only through MR as it possible to establish contact with consumers and collect first hand
information about their needs, expectation, likes, dislikes, preferences and special features
of their behaviour. Thus, MR is needed for removing the wide communication gap
between producers and consumers.
3) Changes in the composition of population and pattern of consumption: - In India,
many changes are taking place in the composition of population. There is a shift of
population from rural to urban areas. There have been considerable changes in the
consumption and expenditure patterns of consumers in India. The incomes of the people,
in general, are rising. This brings corresponding increase in their purchasing capacity and
buying needs and habits. The demand for consumer durables is fast increasing. The market
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are now flooded with consumer durables like TV sets and so on. Manufacturers are
expected to know such qualitative and quantitative changes in the consumer preferences
and their consumption pattern. For achieving this objective, MR activities are necessary
and useful. In brief, MR is needed for the study of changes in the pattern of consumption
and corresponding adjustment in the marketing planning, policies strategies.
4) Growing importance of consumers in marketing:-Consumers occupy key position
in modern marketing system. They are now well informed about market trends, goods
available, consumer rights and protection available to them through consumer protection
acts, the growth of consumerism has created new challenges before manufacturers and
traders. Even growing customer expectations create situation when manufacturers have to
understand such expectations and adjust the production policies accordingly. Indifference
towards consumer expectations may lead to loss of business. In the present marketing
system, consumers cannot be taken for granted. Marketing research particularly consumer
research gives valuable data relating to consumers. It is possible to use such data fruitfully
while framing marketing policies. Thus, marketing decisions can be made pro consumer
through marketing research activities.
5) Shift of competition from price to non-price factors:- Cut-throat competition is
unavoidable in the present marketing field. Such competition may be due to various
factors such as price, quality, and packaging, advertising and sales promotion techniques.
Entry of new competitors creates new problems in the marketing of goods and services. In
addition, market competition is no more restricted to price factor alone. There are other
non-price factors such as packaging, branding, after-sales and advertising which create
severe market competition. Every producer has to find out the extent of such non-price
competition and the manner in which he can face it with confidence. MR is needed as it
offers guidance in this regards. A manufacturer can face market competition even by using
certain non-price factors. The shifting of competition from price to non-price factors has
made marketing of consumer goods more complicated and challenging. This challenge can
be faced with confidence by using certain measures through marketing research.
6) Need of prompt decision making :- In competitive marketing, marketing executive
have to take quick and correct decision. Companies have to develop and market new
products more quickly than ever before. However, such decision is always difficult.
Moreover, wrong decisions may bring loss to the organisation. For correct decision
making, marketing executive need reliable data and up to date market information. Here,
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MR comes to the rescue of marketing manager. Problems in marketing are located,
defined, analysed and solved through MR techniques. This suggests its need as a tool for
decision making. MR is needed as a tool for reasonably accurate decision making in the
present highly competitive market system.
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CHAPTER 2
CRITICAL REVIEW OF LITERATURE
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needs. These concepts enable marketers to analyze the acceptability of strategies
planned by them.
Even though we cannot know everything that is to be known, we do need some
in depth knowledge about the consumers, starting with who is he. Is there a real
Indian customer or there is a set of stereotype. All the conventional wisdom in
market research tends to favor the view that that there are distinct types, and we
need to isolate them according to some parameter and label them.
Customer satisfaction as the key element for success in business is a major
concern for any industry. In this paper I have tried to propose a how customer
satisfaction level can affect the performance of an organization.
Customer satisfaction, a business term, is a measure of how products and
services supplied by a company meet or surpass customer expectation. It is seen
as a key performance indicator within business and is part of the four
perspectives of a Balanced Scorecard. In a competitive marketplace where
businesses compete for customers, customer satisfaction is seen as a key
differentiator and increasingly has become a key element of business strategy.
There is a substantial body of empirical literature that establishes the benefits of
customer satisfaction for firms.
Measuring customer satisfaction
Organizations are increasingly interested in retaining existing customers while
targeting non-customers; measuring customer satisfaction provides an indication
of how successful the organization is at providing products and/or services to the
marketplace.
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Selecting Target Market
A review of marketing opportunities often helps in identifying distinct consumer
segments with very distinct wants and needs. Identifying these groups, learning
how they behave and how they make their purchase decisions enables the
marketer to design and market products or services particularly suited for their
wants and needs.
Based on earlier done research following conclusion were drawn about
Yamaha as a Brand in two wheeler industry:
Yamahas objective
It produces bikes that have speed and power irrespective of the
mileage.
Customers age
22-25 years.
Income group -
Upper middle class and high class
Profession
Students and young executives
Prime focus
Style
Performance
Value of money
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Based on earlier research done Hero Honda, Bajaj Auto and Enfield motorcycles
have come out tops in the customer satisfaction ratings in the 2007 TNS
Motorcycle Total Customer Satisfaction Study conducted by TNS Automotive.
The study says that newly launched motorcycles including the Splendor NXG and
CBZ Extreme from Hero Honda, Discover 135 from Bajaj Auto and Bullet 350
from Enfield have been ranked highest in their respective segments.
The study was conducted by compiling responses of more than 7,000 new
motorcycle buyers as regards the performance of more than 50 models across
parameters like sales satisfaction, product quality, motorcycle performance and
design, after-sales service, brand image, and cost-of-ownership.
The index score provides a measure of satisfaction and loyalty that a given model
or brand enjoys among its customers.
The study also found that the expectation of the buyer of standard motorcycles
(entry level bikes) has gone up from the previous level, now the buyer also expects
similar attention and commitment as the buyer of higher value bikes.
Styling of the bikes in executive segment is gaining importance in overall customer
satisfaction. In transacting with the service dealer, competitive pricing and
explanation have gained importance as well as have high impact on retention.
For the upper executive segment latest technology and style have gained
importance. Explanation of feature and benefit gained in terms of stated
importance while Salesperson knowledge impacts largely on retention.
Premium segment buyers are at the center of focus for all of the manufacturers that
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have educated the customer and empowered him to buy consciously after
comparing all the options, now he expects manufacturers to give him the best
technology, he questions salesperson and look for the best financing options
available and demands quick service.
For future purchases the preference for motorcycles with high engine capacity
(150cc and above) is seen in all four regions of the country however it is almost
70% in south closely followed by west. Across the country, close to 24% of current
motorcycle owners intend to upgrade to a four-wheeler as their next vehicle. The
propensity to upgrade to a car is higher in the north as compared to other parts of
the country.
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CHAPTER 3
CORPORATE INTRODUCTION
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COMPANY PROFILE
About Yamaha motors India sales Pvt. Ltd.
Yamaha made its initial foray into India in 1985. Subsequently, it entered into a
50:50 joint venture with the Escorts Group in 1996. However, in August 2001,
Yamaha acquired its remaining stake as well, bringing the Indian operations underits complete control as a 100% subsidiary of Yamaha Motor Co., Ltd, Japan.
India Yamaha Motor operates from its state-of-the-art-manufacturing units at
Faridabad in Haryana and Surajpur in Uttar Pradesh and produces motorcycles
both for domestic and export markets. With a strong workforce of 2000 employees,
India Yamaha Motor is highly customer-driven and has a countrywide network of
over 400 dealers.
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The company pioneered the volume bike segment with the launch of its 100 cc 2-
stroke motorcycle RX 100. Since then, it has introduced an entire range of 2-stroke
and 4-stroke bikes in India. Presently, its product portfolio includes Crux (100cc),
Alba (106cc) and Gladiator (125cc), and YZFR15 (150cc).
We will establish YAMAHA as the "exclusive & trusted brand" of customers by
"creating Kando" (touching their hearts) - the first time and every time with world
class products & services delivered by people having "passion for customers".
We are committed to:
Be the Exclusive & Trusted Brand renowned for marketing and manufacturing of
YAMAHA products, focusing on serving our customer where we can build long
term relationships by raising their lifestyle through performance excellence,
proactive design & innovative technology. Our innovative solutions will always
exceed the changing needs of our customers and provide value added vehicles.
Build the Winning Team with capabilities for success, thriving in a climate for
action and delivering results. Our employees are the most valuable assets and we
intend to develop them to achieve international level of professionalism with
progressive career development. As a good corporate citizen, we will conduct our
business ethically and socially in a responsible manner with concerns for theenvironment.
Grow through continuously innovating our business processes for creating value
and knowledge across our customers thereby earning the loyalty of our partners &
increasing our stakeholder value.
Customer #1
We put customers first in everything we do. We take decisions keeping the
customer in mind.
Challenging Spirit
We strive for excellence in everything we do and in the quality of goods & services
we provide. We work hard to achieve what we commit & achieve results faster
than our competitors and we never give up.
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Team-work
We work cohesively with our colleagues as a multi-cultural team built on trust,
respect, understanding & mutual co-operation. Everyone's contribution is equally
important for our success.
Frank & Fair Organization
We are honest, sincere, open minded, fair & transparent in our dealings. Weactively listen to others and participate in healthy & frank discussions to achieve
the organization's goals.
Manufacturing Process:
IYM's manufacturing facilities comprises of 2 state-of-the-art Plants at - Faridabad
(Haryana) and Surajpur (Uttar Pradesh). Currently 10 models roll out of the two
Yamaha Plants.
The infrastructure at both the plants supports production of motorcycles and it's
parts for the domestic as well as oversees market. At the core are the 5-S and TPMactivities that fuel our agile Manufacturing Processes. We have In-house facility
for Machining, Welding processes as well as finishing processes of Electroplating
and Painting till the assembly line.
The stringent Quality Assurance norms ensure that our motorcycles meet the
reputed International standards of excellence in every sphere.As an
Environmentally sensitive organization we have the concept of "Environment-
friendly technology" ingrained in our Corporate Philosophy. The Company boasts
of effluent Treatment plant, Rain water - Harvesting mechanism, a motivated
forestation drive. The IS0-14001 certification is on the anvil - early next year. All
our endeavors give us reason to believe that sustainable development for Yamahawill not remain merely an idea in pipeline.We believe in taking care of not only
Your Motoring Needs but also the needs of Future Generations to come.
Corporate Philosophy:
For society, for the world
Yamaha works to realize
Our corporate mission of realizing Kando
Yamaha Motor is a company that has worked ever since its founding to build
products defined by the concepts of high-quality and high-performance and
light weight and compactness as we have continued to develop new technologies
in the areas of small engine technology and FRP processing technology as well as
control and component technologies.
It can also be said that our corporate history has taken a path where people are
the fundamental element and our product creation and other corporate activities
have always been aimed at touching peoples hearts. Our goal has always been to
provide products that empower each and every customer and make their lives morefulfilling by offering greater speed, greater mobility and greater potential.
Said in another way, our aim is to bring people greater joy, happiness and create
Kando* in their lives.
As a company that makes the world its field and offers products for the land, the
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Hierarchical Structure
Managing Director and CEO
Senior Vice President
Vice President Top Management
Associate Vice President
Chief General Manager
General Manager Senior Management
Deputy General Manager
Chief Manager
Manager Middle Management
Assistant Manager
Senior Superintendent
Senior Officer
Officer Operational Staff
Assistant Officer
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Industry profile
The Indian automotive industry consists of five segments: commercial vehicles;
multi-utility vehicles & passenger cars; two-wheelers; three-wheelers; and tractors.
With 5,822,963 units sold in the domestic market and 453,591 units exported
during the first nine months of FY2005 (9MFY2005), the industry (excluding
tractors) marked a growth of 17% over the corresponding previous. The two-
wheeler sales have witnessed a spectacular growth trend since the mid nineties.
Two-wheelers: Market Size & Growth
In terms of volume, 4,613,436 units of two-wheelers were sold in the country in
9MFY2007 with 256,765 units exported. The total two-wheeler sales of the Indian
industry accounted for around 77.5% of the total vehicles sold in the period
mentioned.
Demand Drivers:
The demand for two-wheelers has been influenced by a number of factors over the
past five years. The key demand drivers for the growth of the two-wheeler industry
are as follows:
Inadequate public transportation system, especially in the semi-urban and
rural areas;
Increased availability of cheap consumer financing in the past 3-4 years;
Increasing availability of fuel-efficient and low-maintenance models;
Increasing urbanization, which creates a need for personal transportation;
Changes in the demographic profile; Difference between two-wheeler and passenger car prices, which makes two-
wheelers the entry level vehicle;
Steady increase in per capita income over the past five years; and
Increasing number of models with different features to satisfy diverse
consumer needs.
While the demand drivers listed here operate at the broad level, segmental demand
is influenced by segment-specific factors.
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YAMAHA PRODUCTS
Yamaha Motor Company Limited - a Japanese motorized vehicle-producing
company (whose HQ is at 2500 Shingai, Iwata, Shizuoka), is part of the Yamaha
Corporation. After expanding Yamaha Corporation into the world's biggest piano
maker, then Yamaha CEO Genichi Kawakami took Yamaha into the field of
motorized vehicles on July 1, 1955. The company's intensive research into metal
alloys for use in acoustic pianos had given Yamaha wide knowledge of the making of
lightweight, yet sturdy and reliable metal constructions. This knowledge was easily
applied to the making of metal frames and motor parts for motorcycles. Yamaha
Motor is the world's second largest producer of motorcycles (after Honda). It also
produces many other motorized vehicles such as all-terrain vehicles, boats,
snowmobiles, outboard motors, andpersonal watercraft.
The Yamaha corporate logo is comprised of three tuning forks placed on top of each
other in a triangular pattern.
In 2000, Toyota and Yamaha Corporation made a capital alliance where Toyota paid
Yamaha Corporation 10.5 billion yen for a 5 per cent share in Yamaha Motor
Company while Yamaha and Yamaha Motor each bought 500,000 shares of Toyota
stock in return.
http://en.wikipedia.org/wiki/Japanhttp://en.wikipedia.org/wiki/Iwata%2C_Shizuokahttp://en.wikipedia.org/wiki/Yamaha_Corporationhttp://en.wikipedia.org/wiki/Yamaha_Corporationhttp://en.wikipedia.org/wiki/Pianohttp://en.wikipedia.org/wiki/CEOhttp://en.wikipedia.org/wiki/Genichi_Kawakamihttp://en.wikipedia.org/wiki/July_1http://en.wikipedia.org/wiki/1955http://en.wikipedia.org/wiki/Alloyshttp://en.wikipedia.org/wiki/Motorcyclehttp://en.wikipedia.org/wiki/Hondahttp://en.wikipedia.org/wiki/All-terrain_vehiclehttp://en.wikipedia.org/wiki/Boathttp://en.wikipedia.org/wiki/Snowmobilehttp://en.wikipedia.org/wiki/Outboard_motorshttp://en.wikipedia.org/wiki/Personal_watercrafthttp://en.wikipedia.org/wiki/Tuning_forkshttp://en.wikipedia.org/wiki/Toyotahttp://en.wikipedia.org/wiki/Yamaha_Corporationhttp://en.wikipedia.org/wiki/Japanhttp://en.wikipedia.org/wiki/Iwata%2C_Shizuokahttp://en.wikipedia.org/wiki/Yamaha_Corporationhttp://en.wikipedia.org/wiki/Yamaha_Corporationhttp://en.wikipedia.org/wiki/Pianohttp://en.wikipedia.org/wiki/CEOhttp://en.wikipedia.org/wiki/Genichi_Kawakamihttp://en.wikipedia.org/wiki/July_1http://en.wikipedia.org/wiki/1955http://en.wikipedia.org/wiki/Alloyshttp://en.wikipedia.org/wiki/Motorcyclehttp://en.wikipedia.org/wiki/Hondahttp://en.wikipedia.org/wiki/All-terrain_vehiclehttp://en.wikipedia.org/wiki/Boathttp://en.wikipedia.org/wiki/Snowmobilehttp://en.wikipedia.org/wiki/Outboard_motorshttp://en.wikipedia.org/wiki/Personal_watercrafthttp://en.wikipedia.org/wiki/Tuning_forkshttp://en.wikipedia.org/wiki/Toyotahttp://en.wikipedia.org/wiki/Yamaha_Corporation -
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RACING HERITAGE
Yamaha has a long racing heritage where it has had its machines and team win many
different competitions in many different areas, for example both road and off road
racing, also Yamaha has had great success with riders such as Bob Hannah, Heikki
Mikkola, Kenny Roberts, Chad Reed, Jeremy McGrath, Stefan Merriman, Wayne
Rainey, and the latest, Valentino Rossi. Yamaha is known to those who are older in
age as the designer of the modern motocross bike, as they were the first to build a
production mono-shock motocross bike (1975 for 250 and 400, 1976 for 125) and one
of the first to have a water-cooled motocross production bike (1981, but 1977 in
works bikes).
Since 1962 ,Yamaha produced production road racing grand prix motorcycles that any
licensed road racer could purchase. In 1970, Non-factory "privateer" teams dominated
the 250cc World Championship with Great Britains Rodney Gould winning the title
on a Yamaha TD2.
MOTORCYCLE MODELS
Yamaha has made an extensive number of two- and four-stroke scooters, on-road and
off-road motorcycles. The Yamaha XS 650, introduced in 1970, was such an
overwhelming success that it crippled the British monopoly of vertical twin
motorcycles.
ELECTRICAL VEHICLES
MOTORCYCLES
Yamaha Alba
Yamaha Frog
Yamaha Libero
Yamaha Gladiator
http://en.wikipedia.org/wiki/Bob_Hannahhttp://en.wikipedia.org/wiki/Heikki_Mikkolahttp://en.wikipedia.org/wiki/Heikki_Mikkolahttp://en.wikipedia.org/wiki/Kenny_Robertshttp://en.wikipedia.org/wiki/Chad_Reedhttp://en.wikipedia.org/wiki/Jeremy_McGrathhttp://en.wikipedia.org/wiki/Stefan_Merrimanhttp://en.wikipedia.org/wiki/Wayne_Raineyhttp://en.wikipedia.org/wiki/Wayne_Raineyhttp://en.wikipedia.org/wiki/Valentino_Rossihttp://en.wikipedia.org/wiki/Grand_Prix_motorcycle_racinghttp://en.wikipedia.org/wiki/Rodney_Gouldhttp://en.wikipedia.org/wiki/Yamaha_TD2http://en.wikipedia.org/wiki/Yamaha_XS_650http://en.wikipedia.org/w/index.php?title=Yamaha_Alba&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Frog&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Libero&action=edit&redlink=1http://en.wikipedia.org/wiki/Yamaha_Gladiatorhttp://en.wikipedia.org/wiki/Bob_Hannahhttp://en.wikipedia.org/wiki/Heikki_Mikkolahttp://en.wikipedia.org/wiki/Heikki_Mikkolahttp://en.wikipedia.org/wiki/Kenny_Robertshttp://en.wikipedia.org/wiki/Chad_Reedhttp://en.wikipedia.org/wiki/Jeremy_McGrathhttp://en.wikipedia.org/wiki/Stefan_Merrimanhttp://en.wikipedia.org/wiki/Wayne_Raineyhttp://en.wikipedia.org/wiki/Wayne_Raineyhttp://en.wikipedia.org/wiki/Valentino_Rossihttp://en.wikipedia.org/wiki/Grand_Prix_motorcycle_racinghttp://en.wikipedia.org/wiki/Rodney_Gouldhttp://en.wikipedia.org/wiki/Yamaha_TD2http://en.wikipedia.org/wiki/Yamaha_XS_650http://en.wikipedia.org/w/index.php?title=Yamaha_Alba&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Frog&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Libero&action=edit&redlink=1http://en.wikipedia.org/wiki/Yamaha_Gladiator -
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Yamaha Mest
Yamaha Eccy
Yamaha Passol
Yamaha EC-02
Yamaha Passol-L
Yamaha Yz85
Yamaha V-Star
Yamaha YZF-R1
Yamaha FZ1
MOPEDS
Yamaha PAS (Nickel metal hydride battery)
PAS Lithium (Lithium ion battery)
PAS Business (Ni-Cd battery)
Yamaha YQ50 Aerox R
Yamaha Jog
Yamaha Jog R
Yamaha Neo's
Yamaha BW'S
Yamaha Morphous
Yamaha XF50X (C3/Vox/Giggle)
Yamaha FS1 (Yamaha FS1E)
Yamaha Lagend
http://en.wikipedia.org/w/index.php?title=Yamaha_Mest&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Eccy&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Passol&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_EC-02&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Passol-L&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Yz85&action=edit&redlink=1http://en.wikipedia.org/wiki/Yamaha_V-Starhttp://en.wikipedia.org/wiki/Yamaha_YZF-R1http://en.wikipedia.org/wiki/Yamaha_FZ1http://en.wikipedia.org/w/index.php?title=Yamaha_PAS&action=edit&redlink=1http://en.wikipedia.org/wiki/Nickel_metal_hydridehttp://en.wikipedia.org/wiki/Lithium_ionhttp://en.wikipedia.org/w/index.php?title=Yamaha_YQ50_Aerox_R&action=edit&redlink=1http://en.wikipedia.org/wiki/Yamaha_XF50Xhttp://en.wikipedia.org/wiki/Yamaha_FS1Ehttp://en.wikipedia.org/w/index.php?title=Yamaha_Mest&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Eccy&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Passol&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_EC-02&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Passol-L&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Yz85&action=edit&redlink=1http://en.wikipedia.org/wiki/Yamaha_V-Starhttp://en.wikipedia.org/wiki/Yamaha_YZF-R1http://en.wikipedia.org/wiki/Yamaha_FZ1http://en.wikipedia.org/w/index.php?title=Yamaha_PAS&action=edit&redlink=1http://en.wikipedia.org/wiki/Nickel_metal_hydridehttp://en.wikipedia.org/wiki/Lithium_ionhttp://en.wikipedia.org/w/index.php?title=Yamaha_YQ50_Aerox_R&action=edit&redlink=1http://en.wikipedia.org/wiki/Yamaha_XF50Xhttp://en.wikipedia.org/wiki/Yamaha_FS1E -
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Yamaha DT50
Yamaha TZR
Yamaha QT50
GOLF CARTS
Yamaha G1
Yamaha Drive
PERSONAL WATERCRAFT
WaveRunner
WHEELCHAIRS
JW Active
JW-IB
Nesquick sponsored Race chair
WHEELCHAIR UPGRADE PARTS
JWX-1
JW-II
JW-I
Wetard chair 85
ALL-TERRAIN VEHICLES
BW80 / 200 / 350
YFZ450
Raptor 80 / 350 / 660 / 700
Blaster 200
http://en.wikipedia.org/wiki/Yamaha_QT50http://en.wikipedia.org/wiki/WaveRunnerhttp://en.wikipedia.org/w/index.php?title=Yamaha_BW80&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_BW200&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_BW350&action=edit&redlink=1http://en.wikipedia.org/wiki/Yamaha_YFZ450http://en.wikipedia.org/w/index.php?title=Yamaha_Raptor_80&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Raptor_350&action=edit&redlink=1http://en.wikipedia.org/wiki/Yamaha_Raptor_660http://en.wikipedia.org/wiki/Yamaha_Raptor_700Rhttp://en.wikipedia.org/w/index.php?title=Yamaha_Blaster_200&action=edit&redlink=1http://en.wikipedia.org/wiki/Yamaha_QT50http://en.wikipedia.org/wiki/WaveRunnerhttp://en.wikipedia.org/w/index.php?title=Yamaha_BW80&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_BW200&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_BW350&action=edit&redlink=1http://en.wikipedia.org/wiki/Yamaha_YFZ450http://en.wikipedia.org/w/index.php?title=Yamaha_Raptor_80&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Raptor_350&action=edit&redlink=1http://en.wikipedia.org/wiki/Yamaha_Raptor_660http://en.wikipedia.org/wiki/Yamaha_Raptor_700Rhttp://en.wikipedia.org/w/index.php?title=Yamaha_Blaster_200&action=edit&redlink=1 -
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Banshee 350
Warrior 350
Bruin 350
Kodiak 400 / 450
Grizzly 80 / 125 / 350 / 400 / 450 / 600 / 660 / 700
Big Bear 400
Wolverine 350 / 450
Tri-Z 250
SNOWMOBILES
Yamaha has recently claimed a 100% four-stroke snowmobile line-up, making them
the only snowmobile manufacturer to do so. In Canada though, there are still three
models that Yamaha manufactures that are still 2 stroke. They are the Bravo, VK 540
and the Venture XL. Yamaha had introduced four-strokes to their line-up in 2003 and
the line-up became four-stroke based for model year 2005. Many say that Yamaha has
proven snowmobiles can be clean, efficient, and reliable all while maintaining strong
performance. The RX-1 released in 2003 was the first performance-oriented four-
stroke snowmobile to ever hit the market. It was not, however, the first modern four-
stroke snowmobile produced. That honor belongs to Arctic Cat for their Yellowstone
Special, released in 2000, which was designed as a rental sled that could meet
Yellowstone National Park's stringent emission requirement. However, the Yamaha
received much criticism for its weight disadvantage when compared to similar two-
strokes, despite its excellent fuel economy and low-range torque. Yamaha is now on
the cutting edge of four-stroke technology with the introducing of their 80FI engine
which is equipped on the Phazer and Venture Lite models. This engine has one of the
highest specific output of any four-stroke in production, with 160 HP/L, Yamaha
http://en.wikipedia.org/wiki/Yamaha_Banshee_350http://en.wikipedia.org/w/index.php?title=Yamaha_Warrior_350&action=edit&redlink=1http://en.wikipedia.org/wiki/Yamaha_Bruin_350http://en.wikipedia.org/w/index.php?title=Yamaha_Kodiak_400&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Kodiak_450&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Grizzly_80&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Grizzly_125&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Grizzly_350&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Grizzly_400&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Grizzly_450&action=edit&redlink=1http://en.wikipedia.org/wiki/Yamaha_Grizzly_600http://en.wikipedia.org/w/index.php?title=Yamaha_Grizzly_660&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Grizzly_700&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Big_Bear_400&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Wolverine_350&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Wolverine_450&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Tri-Z_250&action=edit&redlink=1http://en.wikipedia.org/wiki/Four-strokehttp://en.wikipedia.org/wiki/Arctic_Cathttp://en.wikipedia.org/wiki/Yellowstone_National_Parkhttp://en.wikipedia.org/wiki/Emission_standardhttp://en.wikipedia.org/wiki/Torquehttp://en.wikipedia.org/w/index.php?title=Specific_output&action=edit&redlink=1http://en.wikipedia.org/wiki/Yamaha_Banshee_350http://en.wikipedia.org/w/index.php?title=Yamaha_Warrior_350&action=edit&redlink=1http://en.wikipedia.org/wiki/Yamaha_Bruin_350http://en.wikipedia.org/w/index.php?title=Yamaha_Kodiak_400&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Kodiak_450&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Grizzly_80&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Grizzly_125&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Grizzly_350&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Grizzly_400&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Grizzly_450&action=edit&redlink=1http://en.wikipedia.org/wiki/Yamaha_Grizzly_600http://en.wikipedia.org/w/index.php?title=Yamaha_Grizzly_660&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Grizzly_700&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Big_Bear_400&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Wolverine_350&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Wolverine_450&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_Tri-Z_250&action=edit&redlink=1http://en.wikipedia.org/wiki/Four-strokehttp://en.wikipedia.org/wiki/Arctic_Cathttp://en.wikipedia.org/wiki/Yellowstone_National_Parkhttp://en.wikipedia.org/wiki/Emission_standardhttp://en.wikipedia.org/wiki/Torquehttp://en.wikipedia.org/w/index.php?title=Specific_output&action=edit&redlink=1 -
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achieves this even without the use of a forced induction system. Yamaha is also a key
player in the "four-stroke wars", which are a series of advertisements from opponent
Ski-Doo who claim their 2-tec and power-tek equipped two-strokes are still cleaner
and more efficient than four-strokes, while Yamaha still claims the four-strokes are
cleaner. Yamaha also broke a multi-year absence from sno-cross in the winter of
2006-07 with their introduction of a factory race team headed by former Arctic Cat
racer Robbie Malinoski.
CURRENT LINE-UP
Bravo
Apex
Attack
Nytro
FX Nytro
Phazer (4th Generation)
RS Rage
RS Vector
RS Venture
VK Professional
SIGNIFICANT PREVIOUSLY PRODUCED MODELS
Bravo
coRy
Enticer
Exciter
http://en.wikipedia.org/wiki/Forced_inductionhttp://en.wikipedia.org/wiki/Ski-Doohttp://en.wikipedia.org/wiki/Arctic_Cathttp://en.wikipedia.org/wiki/Phazerhttp://en.wikipedia.org/wiki/Forced_inductionhttp://en.wikipedia.org/wiki/Ski-Doohttp://en.wikipedia.org/wiki/Arctic_Cathttp://en.wikipedia.org/wiki/Phazer -
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Phazer (1st-3rd Generations)
Mountain Max
RX-1
SnoScoot
Sno Sport
SRV 540
SRX
SRX 440
SX R
SX Viper/Venom
Venture
VK 540
VMAX
VMAX SX
Vmax
Vmax-4
SNOWBLOWERS
YT-600E
YT-600ED
YT-660EDJ
YS-870
YS-870J
http://en.wikipedia.org/wiki/Phazerhttp://en.wikipedia.org/wiki/Phazer -
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YS-1070
YT-1080ED
YT-1080EX
YT-1290EX
YT-1290EXR
YS-1390A
YS-1390AR
YAMAHA-R15
REMOTE-CONTROLLED HELICOPTERS
Yamaha R-50
Yamaha R-MAX
OUTBOARD MOTORS
4 stroke series
4 stroke jet drive series
2 stroke V6
2 stroke portable / mid range
Full list
KART ENGINES
KT SERIES 2 STROKE
KT100SD
KT100SC
KT100SEC
KT100SP
http://en.wikipedia.org/wiki/Unmanned_aerial_vehiclehttp://en.wikipedia.org/w/index.php?title=Yamaha_R-50&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_R-MAX&action=edit&redlink=1http://www.yamaha-motor.com/outboard/products/lifestylehome/home.aspxhttp://en.wikipedia.org/wiki/Unmanned_aerial_vehiclehttp://en.wikipedia.org/w/index.php?title=Yamaha_R-50&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Yamaha_R-MAX&action=edit&redlink=1http://www.yamaha-motor.com/outboard/products/lifestylehome/home.aspx -
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KT100J
KT100AX
KT100A2
OTHER VEHICLES
Yamaha has also built engines for other manufacturers' vehicles, most notably the V-6
and V-8 engine for the Ford Taurus SHO. The Volvo XC90 uses a larger version of
the same Yamaha V-8 engine. They also built Formula One racing engines from the
late 1980s to the mid 1990s, with little on track success. In 1991, Yamaha developed
its F1 engined supercarcalled the OX99-11 where two drivers sit in tandem in front
of the engine, but the project was canned due to the world recession and lack of
interest.
Yamaha also tunes engines for other manufacturers, Toyota being one of them.
Yamaha logos are, for instance, found on the Toyota S engines. As well as the 2ZZ-
GE utilized by Toyota, Pontiac, and Lotus.
Yamaha developed a prototype for a two-seater sports car with help of Albrecht
Goertz. While the Yamaha/Nissan partnership never progressed beyond the prototype
stage, Toyota took up the design and released the Toyota 2000GT.
Yamaha is also one of the big 4 companies in the Personal water craft market.
WATER PURIFIER
ALKALION PURIFIER
OH-A21N
PURIFIER
OH-U20-SA2
http://en.wikipedia.org/wiki/Ford_SHO_V6_enginehttp://en.wikipedia.org/wiki/Ford_Yamaha_V8_enginehttp://en.wikipedia.org/wiki/Ford_Taurushttp://en.wikipedia.org/wiki/Volvo_XC90http://en.wikipedia.org/wiki/Formula_Onehttp://en.wikipedia.org/wiki/Supercarhttp://en.wikipedia.org/wiki/Yamaha_OX99-11http://en.wikipedia.org/wiki/Toyotahttp://en.wikipedia.org/wiki/Toyota_S_enginehttp://en.wikipedia.org/wiki/Toyota_ZZ_engine#2ZZ-GEhttp://en.wikipedia.org/wiki/Toyota_ZZ_engine#2ZZ-GEhttp://en.wikipedia.org/wiki/Toyotahttp://en.wikipedia.org/wiki/Pontiachttp://en.wikipedia.org/wiki/Lotus_Carshttp://en.wikipedia.org/wiki/Albrecht_Goertzhttp://en.wikipedia.org/wiki/Albrecht_Goertzhttp://en.wikipedia.org/wiki/Toyota_2000GThttp://en.wikipedia.org/wiki/Personal_water_crafthttp://en.wikipedia.org/wiki/Ford_SHO_V6_enginehttp://en.wikipedia.org/wiki/Ford_Yamaha_V8_enginehttp://en.wikipedia.org/wiki/Ford_Taurushttp://en.wikipedia.org/wiki/Volvo_XC90http://en.wikipedia.org/wiki/Formula_Onehttp://en.wikipedia.org/wiki/Supercarhttp://en.wikipedia.org/wiki/Yamaha_OX99-11http://en.wikipedia.org/wiki/Toyotahttp://en.wikipedia.org/wiki/Toyota_S_enginehttp://en.wikipedia.org/wiki/Toyota_ZZ_engine#2ZZ-GEhttp://en.wikipedia.org/wiki/Toyota_ZZ_engine#2ZZ-GEhttp://en.wikipedia.org/wiki/Toyotahttp://en.wikipedia.org/wiki/Pontiachttp://en.wikipedia.org/wiki/Lotus_Carshttp://en.wikipedia.org/wiki/Albrecht_Goertzhttp://en.wikipedia.org/wiki/Albrecht_Goertzhttp://en.wikipedia.org/wiki/Toyota_2000GThttp://en.wikipedia.org/wiki/Personal_water_craft -
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OH-U20-SB1
OH-U30-HS
OH-U30-KA4
OH-U30-SB3
OH-U40-KA2
OH-U40-SB1
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BUSINESS MACHINES
Robot
Surface mounter
Pool
CNC machine
Golf car
o G31E
o G31AL
Engine
o
MT series (2 stroke)
MT 110
MT 110 VLS
o MZ series (4 stroke)
MZ 125
MZ 175
MZ 200 (New Model)
MZ 250
MZ 300
MZ 360
Underground oil tank
o My Tank
Oil separator
o Pattol series
Food additive
Gas heat pump
o M series
o SH series
http://en.wikipedia.org/wiki/CNChttp://en.wikipedia.org/wiki/CNC -
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o 3HP multi
o Living mate
o YCJ series
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MARKET CHARACTERISTICS
DEMAND
SEGMENTAL CLASSIFICATION AND CHARACTERISTICS
The three main product segments in the two-wheeler category are scooters,
motorcycles and mopeds. However, in response to evolving demographics and
various other factors, other sub segments emerged, viz. scooterettes, gearless scooters,
and 4-stroke scooters. While the first two emerged as a response to demographic
changes, the introduction of 4-stroke scooters has followed the imposition of stringent
pollution control norms in the early 2000. Besides, these prominent sub-segments,
product groups within these sub-segments have gained importance in the recent years.
Examples include 125cc motorcycles, 100-125 cc gearless scooters, etc. The
characteristics of each of the three broad segments are discussed in Table 1.
Two-Wheelers: Comparative CharacteristicsScooter Motorcycle Moped
Price*(Rs. as
in January
2008)
> 22,000 > 30,000 > 12,000
Stroke2-stroke, 4-
strokeMainly 4-stroke 2-stroke
Engine
Capacity (cc)90-150 100, 125, > 125 50, 60
Ignition Kick/Electronic Kick/Electronic Kick/Electronic
Engine Power
(bhp)6.5-9 7-8 and above 2-3
Weight (kg) 90-100 > 100 60-70
Fuel
Efficiency
(km per litre)
50-75 50-80+ 70-80
Load
Carrying High Highest Low
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Segmental Market Share
The Indian two-wheeler industry has undergone a significant change over the past
10 years with the preference changing from scooters and mopeds to motorcycles.
The scooters segment was the largest till FY1998, accounting for around 42% of
the two-wheeler sales (motorcycles and mopeds accounted for 37% and 21 % of
the market respectively, that year). However, the motorcycles segment that had
witnessed high growth (since FY1994) became larger than the scooter segment in
terms of market share for the first time in FY1999. Between FY1996 and
9MFY2007, the motorcycles segment more than doubled its share of the two-
wheeler industry to 79% even as the market shares of scooters and mopeds stood
lower at 16% and 5%, respectively.
Over the past 10-15 years the demographic profile of the typical two-wheeler
customer has changed. The customer is likely to be salaried and in the first job.
With a younger audience, the attributes that are sought of a two-wheeler have also
changed. Following the opening up of the economy and the increasing exposure
levels of this new target audience, power and styling are now as important as
comfort and utility.
The marketing pitch of scooters has typically emphasized reliability, price, comfort
and utility across various applications. Motorcycles, on the other hand, have been
traditionally positioned as vehicles of power and style, which are rugged and more
durable. These features have now been complemented by the availability of new
designs and technological innovations. Moreover, higher mileage offered by the
executive and entry-level models has also attracted interest of two-wheeler
customer. Given this market positioning of scooters and motorcycles, it is not
surprising that the new set of customers has preferred motorcycles to scooters.
With better ground clearance, larger wheels and better suspension offered by
motorcycles, they are well positioned to capture the rising demand in rural areas
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where these characteristics matter most.
Scooters are perceived to be family vehicles, which offer more functional value
such as broader seat, bigger storage space and easier ride. However, with the
second-hand car market developing, a preference for used cars to new two-
wheelers among vehicle buyers cannot be ruled out. Nevertheless, the past few
years have witnessed a shift in preference towards gearless scooters (that are
popular among women) within the scooters segment. Motorcycles offer higher fuel
efficiency, greater acceleration and more environment-friendliness. Given the
declining difference in prices of scooters and motorcycles in the past few years, the
preference has shifted towards motorcycles. Besides a change in demographic
profile, technology and reduction in the price difference between motorcycles and
scooters, another factor that has weighed in favour of motorcycles is the high re-
sale value they offer. Thus, the customer is willing to pay an up-front premium
while purchasing a motorcycle in exchange for lower maintenance and a relatively
higher resale value.
Supply
Manufacturers
As the following graph indicates, the Indian two-wheeler industry is highly
concentrated, with three players-Hero Honda Motors Ltd (HHML), Bajaj Auto Ltd
(Bajaj Auto) and TVS Motor Company Ltd (TVS) - accounting for over 80% of
the industry sales as in FY2007. The other key players in the two-wheeler industry
are Kinetic Motor Company Ltd (KMCL), Kinetic Engineering Ltd (KEL), LML
Ltd (LML), Yamaha Motors India Ltd (Yamaha), Majestic Auto Ltd (Majestic
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Technological tie-ups of Select Players
Nature of Alliance
Company Product
BajajAuto
Technological tie-up
Kawasaki HeavyIndustries Ltd, Japan
Motorcycles
Technological tie-up
Tokya R&D Co Ltd,Japan
Two-wheelers
Technological tie-up
Kubota Corp, Japan DieselEngines
HHML Joint Venture Honda Motor Co, Japan Motorcycles
KEL Technological tie-up
Hyosung Motors &Machinery Inc
Motorcycles
KEL Tie up for
manufacturingand distribution
Italjet, Italy Scooters
LML Technological tie-up
Daelim Motor Co Ltd Motorcycles
HeroMotors
Technological tie-up
Aprilia of Italy Scooters
With the two-wheeler market, especially the motorcycle market, becoming
extremely competitive and the life cycle of products getting shorter, the ability to
offer new models to meet fast changing customer preferences has become
imperative. In this context, the ability to deliver newer products calls for sound
technological backing and this has become one of the critical differentiating factors
among companies in the domestic market. Thus, the players have increased their
focus on research and development with some having indigenously developed new
models as well as improved technologies to cater to the domestic market. Further,
with exports being one of the thrust areas for some Indian two-wheeler companies,
the Indian original equipment manufacturers (OEMs) have realized the need to
upgrade their technical capabilities. These relate to three main areas: fuel economy,
environmental compliance, and performance. In India, because of the cost-sensitive
nature of the market, fuel efficiency had been an interest area for manufacturers.
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It is not only that the OEMs are increasing their focus on in-house R&D; they also
provide support to the vendors to upgrade the technology and also assist those
striking technological alliances.
TRENDS IN THE TWO-WHEELER INDUSTRY
Companies raising capacity to meet the growing demand
All the major two-wheeler manufacturers, viz. Bajaj Auto, HHML,YMIL, TYS,
HMSI and others, have increased their manufacturing capacities in the recent past.
Most of the players have either expanded capacity, or converted their existing
capacities for scooters and mopeds into those for manufacturing motorcycles. The
move has been prompted by the rapid growth reported by the motorcycles segment
since FY1995.
Niche markets also witnessing intense competition:
A significant trend witnessed over the past five years is the inclination of
consumers towards products with superior features and styling. Better awareness
about international models has raised expectations of consumers on some key
attributes, especially quality, styling, and performance. High competitive intensity
has prompted players to launch vehicles with improved attributes at a price less
than the competitive models.
In an effort to satisfy the distinct needs of consumers, producers are identifying
emerging consumer preferences and developing new models. For instance, in the
motorcycles segment, motorcycles with engine capacity over 150cc, is a segment
that has witnessed significant new product launches and hence, become more
competitive. The indigenously launched Pulsar 150 had met with success on its
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launch and thereafter, a host of models have been launched in this segment by
various players. While Bajaj Auto launched the Pulsars (180 cc, 200cc and 220cc)
with digital twin spark technology (DTSFi) that offers a powerful engine and fuel
efficiency of 125 cc models. Moreover, in the recent past, the motorcycle segment
has witnessed launch of vehicles with higher engine capacity (higher than 150cc)
and power (higher than 15bhp). These include models such as Bajaj Auto
Eliminator and Royal Enfield's Thunderbird followed by HHML's Karisma and
Yamaha R15 and other sports bikes. The products in this segment cater for style
conscious consumers. Quite a few players are developing models combining
features such as higher engine capacity", optimum mix of power and performance,
and superior styling. However, the extent of shift to these products would depend
on the positioning of such products in terms of price.
In the scooters segment, the market for plastic-bodied variomatic scooters
continues to witness growth in the scenario of overall decline in scooter volumes.
Higher volumes and growth are especially true for certain scooter models, such as
Honda Activa, that brought in new technology (besides variomatic transmission) to
further differentiate themselves. Thus, the need to differentiate and create a niche
has led to companies strengthening their research and development (R&D)
capabilities and reducing the development time for new models.
INCREASING FOCUS ON EXPORTS:
For the first nine months of FY2007, two-wheeler exports increased by 37% over
the corresponding previous, led mainly by motorcycles even as exports of other
two-wheelers were healthy. While motorcycle exports increased by 40%, scooter
and moped exports increased by 29% and 27% respectively.
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Motorcycle exports by Bajaj Auto, HHML and TVS have reported a robust growth
in FY2007 and are expected to increase further in the medium term.
Although the Indian two-wheeler manufacturers have forayed on their own in their
target export markets, there have been instances of tie-ups with the technology
partners. Bajaj Auto's tie-up with Kawasaki to jointly market Bajaj products in
Philippines is a case in point. Under the tie-up, M/s Kawasaki Motors Philippines
Corporation has been appointed as exclusive distributors to market select Bajaj
two-wheelers that include Byk, Caliber 115 and Wind 125. These vehicles are
being sent to Philippines in the completely built unit (CBU) form. Other strategy of
expanding international presence considered by few players is that of setting up
assembly lines in select South East Asian countries either on their own or in
partnership with local players. Besides, plans of select overseas technology
partners to source from their Indian partners and plans of global majors to develop
their Indian manufacturing unit as a sourcing hub may also lead to increase in two-
wheeler exports from India.
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SWOT ANALYSIS
Strengths:
Yamaha Motor products extend from land to sea and even into the skies, with
manufacturing and business operations that include everything from
motorcycles, PSA electro-hybrid bikes, marine and power products to
automotive engines.
Continuously does product improvement in accordance with demanding
customers.
The distribution network of Yamaha Motors is very wide and spread across
the country.
Probably the best in terms of R&D facility.
Has great brand name and commands lot of respect among bikers community.
Weakness:
Narrow product line in terms of motorcycles.
Yamahas strategy for Indian market was on right alleyway, but somewhere
down the lane, they are still relying on conventional model which no longer in
use.
Yamaha despite the promise has failed to deliver and is still an underdog in the
race to top.
A series of unsuccessful and flop bikes have eroded the legacy of RX100 andRD350.
Opportunities:
The motorcycle market has been growing at a phenomenal rate and there has
been a shift in the consumer preferences from 2 stroke bikes. Yamaha motors
have recognized this and are bringing out new models of 4 stroke bikes quite
regularly to cater the needs of the customers.
Consumers have become technology conscious and Yamaha Motors have best
R&D facilities. So they can tap new costumers with innovative technology in
motorcycle design and manufacturing.
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There lies lot of potential in 150cc and above segment and Yamaha has not
made enough inroads in this segment.
Threats:
Continuous divisions of customer segment have made conventional bikes
which was the strength of Yamaha motors.
Constant demand for price reduction from customers.
Bajaj Auto and TVS have taken large part of the market share from Yamaha.
Growing competition in the industry, both in the terms of new models and
price undercutting, too is a matter of concern as both the sales realization andoperation margins may come under pressure.
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CHAPTER 4
RESEARCH METHODOLOGY
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RESEARCH PROBLEM AND OBJECTIVE:
Research in common parlance refers to search for knowledge. Research is an
academic activity and as such it is used in a technical sense. According to Clifford
Woody, research comprises defining and redefining problems, formulating
hypothesis or suggesting solutions, collecting, organizing and evaluating data,
making deductions and research conclusions to determine whether they fit the
formulating hypothesis.
Primary objective :
The research encompasses the primary objective of comparison and analysis of
Yamaha bikes with respect to other brands prevailing in the market i.e. , Hero
Honda ,Honda , Bajaj , TVS and Suzuki .
The primary aim is to interpret the satisfaction level of customers usingyamahas bikes and to find out the areas in which it needs to improve to develop a
better perception in the mind of its customers . it entails as to suggest yamaha how
to become a no. 1 customer oriented company
Secondary objective :
To go in detail , the research includes the study of comparative satisfaction
level of customers using different bike brands ; the various areas where
competitors supersede and the areas where the competitors lack .
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Furthermore the research aims to find out the relative market
capitalization of Yamaha in the two wheeler industry and to suggest some concrete
and absolute measures to give a rise to its share in the two wheeler segment .
Research Process
Extensive Literature Survey: Before starting the research in-depth study of
the topic was done to form a clear picture of what and how research is to be
done.
Formulating the Research Problem: The next step was to find out theproblem of the case. Then the problem was understood thoroughly and
rephrasing the same into meaningful terms from analytical point of view. This
step is of greatest importance in the entire research.
Design of Questionnaire: A questionnaire was developed for the survey. The
questionnaire is of structured type. Most of the questions were based on 5
point bipolar Likert Scale.
Determining the Sample Size: Next step is to determine the number of to be
targeted from various ages, monthly salary, and gender. So a total of 200people were surveyed.
Collecting the data: The data was collected from various class of people
based on age, sex, income, location.
Analysis of Data: The data collected from various people was segregated into
various categories in order to analyze it. Analysis was done based on more
than 22 different parameters.
Generalization and Interpretation: Data was tested and upheld severaltimes, and then generalizations were drawn from the analysis.
Preparation for the report: Lastly report about the research is made.
Research Design:
A Questionnaire is used to do the research
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Exploratory Research design
Focus Group
Primary data analysis
Collection of Data:
Qualitative Data
Survey
questionnaires
Sampling:
Non-Probability Sampling
Judgmental Sampling
Simple Random
Sample Design:
Sampling may be defined as the selection of the some part of an aggregate or
totality on the basis of which a judgment or interference about the aggregate or
totality is made. It is the process of obtaining information about entire populationby examining only a part of it in which generalizations or influences are drawn
based on the sample about the parameter of population from which samples are
taken.
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Sample Size: A total of 200 people have been questioned for the purpose of filling
up the questionnaire.
Details of the Survey Conducted
Sample Size 200
Target Population 18-25 years
25-30 years
30 and above
Area Covered Delhi/ New Delhi, Noida & Greater Noida& Semi-urban And Rural Areas of
Sampling Judgmental Simple Random
Type of
Questionnaire
Structured 5 point bipolar Likert Scale
Type of Questions Close ended Questions
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SCOPE OF STUDY
The research was carried out to find factors which influence customer satisfaction
level to maximum level. The study projects that customer satisfaction level change
with change in various factors like during sales evaluation, during delivery of thevehicle and after sales evaluation. This research is an attempt to provide feedback
to Motorcycle manufacturer Yamaha Motors India Ltd. so that they can bring about
changes in various departments of their organization which will help them in
becoming Number 1 motorcycle brand in India.
For instance during research factors such as technology, maintenance, looks, style,
brand image, behavior of dealers, timely delivery of documents and bike and
proper information about the product were considered.
This research would give necessary details to Yamaha motors so that it could know
the various factors that affect customer satisfaction level and then initiate
appropriate changes to make it Number 1 motorcycle brand in India.
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CHAPTER 5
DATA COLLECTION AND
INTERPRETATION
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DATA COLLECTION AND
INTERPRETATION
The research required collection of first hand primary data from the respondents .
the respondents necessarily were to be bike users . They were exposed to a
questionnaire containing different parameters for the evaluation of their satisfaction
level . the broad parameters were :
During sales evaluation .
During vehicle delivery .
After sales evaluation .
It was expected that the respondents were honest while answering the questions
with proper consideration of the brand image of the bike they were currentlyusing . the questionnaire contained likert scaling to rate various parameters .
The respondents were so selected that they were representative of various segments
of bike users . the respondents were questioned on :
Petrol pumps
Service stations
Educational institutes
Vehicle showrooms
Malls
Residential areas , and
Factories
The results and responses were recorded on a SPSS data viewer (Statistical
Package for Social Sciences) parameters were defined on a SPSS variable viewer .
the next step was to run the SPSS and acquire specific results pertaining to theresearch done .
The findings and analysis complementing to results are discussed in the
chapters to follow .
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CHAPTER 6
GRAPHICAL DATA ANALYSIS
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DATA ANALYSIS
The data analysis portion is the backbone of any primary or secondary
research . there are various tools of data analysis that helps the researcher to
interpret his data into final results . the data collected in this research was analyzed
using the most effective tool of market research i.e.,SPSS(statistical package for
social sciences)
The parameters were set up giving preference to non demographic factors more
than demographic factors. the data was analyzed on the total of 20 parameters as
mentioned below :
i. customers age
ii. marital status
iii. profession
iv. education
v. attitude of dealer
vi. explanation of product features by the dealer .
vii. sales terms and conditions
viii. product display in the showroom
ix. cleaniness in showroom and service station
x. atmosphere
xi. cleanliness of purchased bike
xii. time taken in delivery
xiii. explanation of bike functions
xiv. PDI and checks made
xv. Time taken in documentation
xvi. Salesman follow up
xvii. Reminder of first service
xviii. Action to complains
xix. Replacement condition
xx. Dealer representation of brand
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GRAPHICAL DATA INTERPRETATION
1. Which types of customer Attitude towards motor bike?
Male 99.5
Female 0.5
Customer Attitude towards Motor Bike
Male, 99.5
Female, 0.5
Male Female
Interpretations: Shown in the above graph shows that 99.5%
male has been preferably to motor bike and rest
of female prefer than.
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2. Which people attitude towards motor bike?
Married 15%
Unmarried 85%
People attitude towards motor bike
Unmarried, 85%
Married, 15%
Married Unmarried
c
Interpretation:
85% unmarried people attitude towards motor bike whenever rest of 15% married
people attitude towards motor bike.
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3. Age group of consumers towards motor bike:
Age Group 18-25 25-35 35-45 About 45
Percentage 65% 20% 10% 5%
65%
20%
10%5%
0%
10%
20%
30%40%
50%
60%
70%
Percentage
18-25 25-35 35-45 About 45
Age Group
Age group of customers towards motor bike
Interpretation:
65% age group of 18-25 preferred a motor bike, 20% of age group 25-35, 10% of age
group of 35-45 and the rest of age group above 45 years old.
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4. Professionally/Occupationally consumer attitude
towards motor bike:
Student 45%
Service 40%
Business 5%
Self Employed 5%
Others 5%
Professionally/Occup. attitude towards motor bike
Service, 40%
Student, 45%
Others, 5%
Business, 5%
Self Employed, 5%
Student Service Business Self Employed Others
Interpretation:
Occupationally and professional the motor bike has been used i.e. 45% preferred by
student, in the service level it is used 40% and the rest of used in business, self
employed and for other purposes used.
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5. Incomewise customer attitude towards motor
bike:
10000-15000 35%
15000-20000 40%
20000-50000 15%
50000-100000 5%
Above one lac 5%
Incomewise customer attitude towards motor bike
15000-20000
40%
10000-15000
35%
20000-50000
15%
50000-100000
5%
Above one lac
5%
10000-15000 15000-20000 20000-50000 50000-100000 Above one lac
Interpretation:
In the base of economically, it is used in the base of income i.e. 35% of income group
10,000-15,000, 40% of 15,000 - 20,0000, 15% of income group of 20,000-50,000 and
rest of used in the rarely above income of 50,000.
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6. Which company bike and models liked by all?
Hero Honda 40%
Bajaj 45%
Yamaha 10%
TVS 3%
Honda 2%
Bike & Model like by all
Hero Honda
40%
Bajaj
45%
TVS
3%
Honda
2%
Yamaha
10%
Hero Honda Bajaj Yamaha TVS Honda
Interpretation:
40% motor bike company and its models liked by people of Hero Honda, second
position of Bajaj and third position of Yamaha and rest of TVS and other companies.
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7. Are customer satisfaction towards bike?
Yes 99.50%
No 0.50%
Consumer satisfaction towards bike products
Yes, 99.50%
No, 0.50%
Yes No
Interpretation:
Approximately 100% customer satisfaction level of motor bike products and a rarely
can say that no comments about it.
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8. Bikes are generally adopted by:
Speed 40%
Power/BHP 5%
Mileage 30%
Design 5%
Brand 5%
Pick up 2%
Color 5%
Comfort 8%
Bikes are generally adopt by
Mileage, 30%Power/BHP,
5%
Speed, 40%
Color, 5%
Design, 5%
Brand, 5%
Comfort, 8%Pick up, 2%
Speed Power/BHP Mileage Design Brand Pick up Color Comfort
Interpretation:
65% age group of 18-25 preferred a motor bike, 20% of age group 25-35, 10% of age
group of 35-45 and the rest of age group above 45 years old.
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9. People know about the bike?
TV 35%
Newspaper 15%
Friend 12%
Product Show 10%
Family 8%
Test Ride 2%
Internet 10%
Hoarding 8%
People know about the bike through:
Family, 8%
Test Ride, 2%
Internet, 10%TV, 35%
New spaper, 15%Friend, 12%
Product Show , 10%
Hoarding, 8%
TV Newspaper Friend Product Show Family Test Ride Internet Hoarding
Interpretation:
The aware and know about motor bike products about 35% by TV channels, 15%
newspapers / magazines, 12% by friends, 10% by product show, 10% through
internet, 8% by family and others through test riding and hoardings.
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10. Why do you drive bike / two wheelers?
Passion 30%
Self Satisfaction 8%
Cruising / Long Drive 30%
Show Off 2%
Commuting 20%
Power 10%
Why drive bike / two wheelers?
Self Satisfaction
8%
Cruising / Long
Drive
30%
Show Off
2%
Commuting
20%
Pow er
10%
Passion
30%
Passion Self Satisfaction Cruis ing / Long Drive Show Off Commuting Power
Interpretation:
The most important things to likewise any brand of motor bike through company,
brand, passion and fashion, satisfaction and comfortability i.e. in the base of passion
30%, long drive 30%, commuting 20% and power 10% and the rest of others.
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11. Whom did you purchase a bike?
Family 40%
Yourself 30%
Son 20%
Girl Friend 10%
Whom did you purchase a bike?
Family
40%
Yourself
30%
Son
20%
Girl Friend
10%
Family Yourself Son Girl Friend
Interpretation:
The common factor which is the bike has been purchased somehow the main aim to
factorize the commit for family, self, son or daughter and others.
Firstly, 40% of bike has been purchase having in the mind of family commit, self
30%, 20% for son and 10% for others.
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12. Why did you purchase a bike?
Brand Value 80%
Design 5%
Publicity 14%
Scheme 0%
Gift 1%
Brand Value, 80%
Design, 5%
Publicity, 14%
Sheme, 0% Gift, 1%
0%
10%
20%
30%
40%
50%
60%
70%
80%
Percentage
Brand Value Design Publicity Sheme Gift
Purchase Group
Why did you purchase a bike?
Interpretation:
The bike has purchased according to brand value, design, publicity and others base.
The common factor, in the present firstly brand value is the main factor i.e. 80%
people has been purchased any motor bike and 14% has been purchased having the
main factor of publicity.
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13. Which type brakes liked by customers favourite bike?
Disc Brake 85%
Drum Brake 15%
Customer attitude towards Brakes favourite bike?
Disc Brake, 85%
Drum Brake, 15%
Disc Brake Drum Brake
Interpretation:
The main factor is used for customer favourably through disc brake and drum brake.
It is 80% used disc brake and rest of used drum brake.
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14. Which types of wheels are attracted to customers?
Spoke Wheel 20%
Alloy Wheel 80%
Customer attitude towards types of wheel
attracted?
Spoke Wheel, 20%
Alloy Wheel, 80%
Spoke Wheel Alloy Wheel
Interpretation:
The main attraction through spoke wheels and alloy wheels, i.e. is 80% customers
preferred to alloy wheels and rest of preferred to spoke wheels.
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15. How was your experience?
Good 20%
Excellent 75%
Satisfactory 5%
Not Good 0%
Customer attitude towards experience?
Satisfactry
5%
Excellent
75%
Good
20%
Not Good
0%
Interpretation:
In the most preferred through experience i.e. the good, and excellence and
satisfactory based. In the survey it has been found that 75% excellence and 20% has
been telling about with good theme.
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16. Customers attitude towards servicing of motor bike:
Showroom 95%
Road Mechanic 5%
Customer attitude towards
servicing of motor bike
Showroom, 95%
Road Mechanic,
5%
Showroom Road Mechanic
Interpretation:
The main important thing that the motor bike servicing factor where it will be better do
for that. 95% customers attitude towards servicing of motor bike in showroom and
rest of road mechanic.
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17. Did the customers attitude towards get the full value
of money with the product?
Yes 100%
No 0%
Customer attitude towards
full value of money with the product
Yes, 100% No, 0%
Yes No
Interpretation:
100% customers attitude has been found towards full value money has taken over all
the products.
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18. Customer attitude towards the feeling about dealer
services represents the current brands.
Extremely Well 45%
Very Well 50%
Average Not Very
Well 5%
Not Well at All 0%
ExtremelyWell
VeryWell
AverageNot
VeryWell
NotWellatAll
S10%10%20%30%40%50%
Percentage
Feeling
Customer attitude towards the feel the dealer
services represent the current brand
Interpretation:
Yes, 50% customers has been highlight about brands and can have very well
whenever 45% extremely well and rest of average.
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CHAPTER 7
FINDINGS OF RESEARCH
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FINDINGS OF THE RESEARCH
The chart represents the analysis of the covered brands on the basis of
different parameters
BRANDS
PARAMET
ERS
HeroHonda
Bajaj Honda TVS Suzuki Yamaha
Gender Male Male Male Male Male Male
Marital
status
Unmarrie
d
Unmarrie
d
Unmarrie
dUnmarried Married
Unmarrie
d
Profession Salaried Salaried Salaried Salaried Salaried Salaried
Age 21-25 21-25 21-25 21-25 21-25 26-30
Education Graduate Graduate Graduate Graduate Graduate Graduate
Dealers
attitudeGood Good Good Good Good Good
ExplanationofOf product
feature
Good Good Good Good Average Average
Sales terms
andCondition
Very
GoodGood Good Average Good Average
Productdisplay
Good Good Good Good Good Good
Cleanliness Good Good Good Good Good Good
Atmosphere Good Good Good Good Average Good
Cleanliness
of purchasedbike Good Good Good Good Good Good
Timely
delivery ofbike
Very
GoodGood
Very
GoodGood Good Good
Explanationof bike
function
Good Good Good Average Average Good
PDI and
CheckGood Good Good Good Average Average
Time taken
indocumentati
on
Good Good Good Good Average Good
Salesman
follow upAverage Average Good Average Average Good
Remainder
of firstservice
Good Poor Average Poor Average Good
Promptaction to
complaints
Good Good Good Good Average Good
Replacement
Might or
might notbuy
Might or
might notbuy
Probabl
y Buy
Might or
might notbuy
Might or
might notbuy
Might or
might notbuy
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Interpretation:
1. Out of the six brands covered the respondents of Suzuki are generally marriedwhile other brands have unmarried customers.
2. The average age of a Yamaha customer comes out to be 26-30 yearsascompared to others brands average customers age which is 21-25 years.
3. When explanation of product features comes into view; only Yamahacustomers rank them average; others says its good.
4. Hero Honda and Honda are most favored brands when timely delivery of bikecomes into picture.
5. Suzuki customers says that they have to run after their dealers for thedocumentation of the delivery done while others say they are satisfied.
6. Yamaha is best when sales follow up after delivery is concerned.
7. The most important point that comes up after analysis is that almost everybrand of customer wants a change but Yamaha customers are generally loyal
to their brand.
To conclude it can be said that almost every brand lacks in terms of sales
follow up. So this is the area where Yamaha can focus and position its bikes.
Secondly, there is huge market for bikes because almost every bike user
wants to change its bike because of some or the other reason.
Lastly, Yamaha has a good market image but a minimum number of users
are new. The most raring point is that Yamaha in spite of having a low market
share is able to retain most of its customers.
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CHAPTER 8
GAPS IN LITERATURE
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GAPS IN LITERATURE
The research has showed following gaps
Average age 26-30 years. the average age of Yamaha bike users was
assumed to be 21-25 years . but from the survey it was found that the average
age of Yamaha bike users lie between 26-30 years of age.
Profession