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A
PROJECT REPORT
ON
Summer Internship Program
“CUSTOMER SATISFACTION TOWARDS BIKES OF
ROYAL ENFIELD”
With Special Reference to
Eicher Motors Pvt. Ltd, Pune.
Submitted
To
Department of Management Studies
Rajarambapu Institute of Technology, Rajaramnagar
For the
Degree of Master of Business Administration
Under the faculty of Management
By
Mr. Vinayak Baburao Khade
Under the Guidance
Of
Mr. Rajendra J. Agawane
(M Phil, MBA, B. Com)
Through,
The Director
Rajarambapu Institute of Technology
Management Studies (Sakharale)
District-Sangli 415414
2018- 2019
C E R T I F I C A T E
This is to certify that, the project work entitled,
“CUSTOMER SATISFACTION TOWARDS BIKES OF ROYAL
ENFIELD”
With Special Reference To
Eicher Motors Pvt. Ltd, Pune.
Submitted by
Mr. Vinayak Baburao Khade
(Roll No. 1740051 MBA-II)
In partial fulfilment of the requirement for the award of degree of
MASTER OF BUSINESS ADMINISTRATION
Under the guidance of
Mr. Rajendra J. Agawane
(M Phil, MBA, B. Com)
Submitted To,
RAJARAMBAPU INSTITUTE OF TECHNOLOGY, RAJARAMNAGAR
The project report submitted through the Head of Department, Rajarambapu Institute of
Technology, and Rajaramnagar during the academic year 2018 – 2019.
H.O.D. Director
(Department of Management Studies) R.I.T. Rajaramnagar
R.I.T. Rajaramnagar
C E R T I F I C A T E
This is to certify that the project report entitled
“CUSTOMER SATISFACTION TOWARDS BIKES OF ROYAL
ENFIELD”
With Special Reference To
Eicher Motors Pvt. Ltd, Pune.
Submitted by
Mr. Vinayak Baburao Khade
(Roll No. 1740051 MBA-II)
In the partial fulfilment of Post-Graduation Degree of
MASTER OF BUSINESS ADMINISTRATION
Under my guidance and supervision. To the best of my knowledge and belief the work
presently was not been submitted earlier for degree of Master of Business Administration.
Date: - Project Guide
Place: - Sakharale
Mr. Rajendra J. Agawane
(M Phil, MBA, B. Com)
A C K N O W L E D G E M E N T
My Special thanks are to RIT, RAJARAMNAGAR for giving me great opportunity to do this
project work. I would like to express my sincere gratitude towards Mr. Rajendra J. Agawane
and other Faculty members for their valuable guidance and constant encouragement to
complete my project work.
I would like to thank to Mr. Sumit Patil, and other staff members for their valuable guidance.
For providing their valuable experience, able guidance, encouragement and critical solutions
in our project work. For their support and guidance throughout the project and providing us
with new ideas for the project.
Yours Sincerely,
Vinayak Baburao Khade
Roll No. 1740051
(MBA-Marketing & Operations)
D E C L A R A T I O N
I Vinayak Baburao Khade, student of MBA at Rajarambapu Institute of Technology,
Rajaramnagar, Islampur, solemnly declare that the project work title as “Customer
Satisfaction Towards Bikes of Royal Enfield”, in partial fulfilment of MBA program under
Shivaji University of Kolhapur. This project was undertaken as a part of the academic
curriculum according to the university rules, norms and by no commercial motives.
Place: - Sakharale
Date: - Vinayak Baburao Khade
INDEX
CHAPTER
NO.
NAME OF THE TOPIC PAGE
NO.
1. INTRODUCTION
1.1 – Introduction.
1.2 – Company Profile.
1.3 – Problem Statement.
1.4 – Scope of the Study and Its Objectives.
1.5 – Hypothesis
1.6 – Significance of the study
1.7 – Conceptual Framework
1.8 – Conclusion
1
2-6
7
8
8
9
10-11
12
2. LITRETURE REVIEW 13-16
3. RESEARCH FRAMEWORK
3.1 – Research Design.
3.2 – Research Methodology
3.3 – Data Collection.
3.3 – Sampling Techniques / Procedure
17
17
17
18
4. FINDINGS AND RECOMMENDATIONS
4.1 – Data Presentation and Analysis
4.2 – Data Interpretation and Findings
4.3 – Conclusions
4.4 – Recommendation
4.5 – Limitations and Scope for further Studies
19-35
36
37
38
39
5. REFERENCE AND BIBLIOGRAPHY 40-41
6. QUESTIONNAIRE 42
LIST OF TABLES
NO. OF
TABLE
NAME OF THE TABLE PAGE NO.
1 Age Group 19
2 Gender Group 20
3 Occupation 21
4 Model of Royal Enfield You Presently Own 22
5 Satisfaction Level with Respect to After Sales Service of
Your Royal Enfield Bike
24
6 Company Acts Towards the Complaints Lodged by The
Customers
25
7 Rate of Fuel Consumption for Royal Enfield Bike 26
8 Satisfied with The Bike’s Mileage 27
9 Easily Get Spare Parts of Royal Enfield In Market 28
10 Comfort and Convenience 29
11 Performance of The Bike 30
12 One Thing You Want to Improve in Bike 31
13 What Can Be Done to Improve Royal Enfield Bikes’ Sales in
Local Markets
32
14 Overall Satisfaction 33
LIST OF GRAPHS
NO. OF
GRAPH
NAME OF THE GRAPHS PAGE NO.
1 Age Group 19
2 Gender Group 20
3 Occupation 21
4 Model of Royal Enfield You Presently Own 23
5 Satisfaction Level with Respect to After Sales Service of
Your Royal Enfield Bike
24
6 Company Acts Towards the Complaints Lodged by The
Customers
25
7 Rate of Fuel Consumption for Royal Enfield Bike 26
8 Satisfied with The Bike’s Mileage 27
9 Easily Get Spare Parts of Royal Enfield In Market 28
10 Comfort and Convenience 29
11 Performance of The Bike 30
12 One Thing You Want to Improve in Bike 31
13 What Can Be Done to Improve Royal Enfield Bikes’ Sales in
Local Markets
32
14
Overall Satisfaction 33
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CHAPTER I
INTRODUCTION
1.1 Introduction
Since the Lambretta scooter was replaced with the flurry of exciting two-wheeler models,
Indian two-wheeler business has seen a remarkable change in the way they observe the Indian
marketplace. India has now developed into the second largest manufacturer of two-wheelers in the
world. Currently there are around ten two-wheeler manufacturers in the country, and they are
Mahindra, Royal Enfield, Bajaj, Hero, Honda Suzuki, TVS, and Yamaha.
The two-wheeler industry can be divided into motor cycles, scooters, electric scoter and
mopeds. The buyer has changed his preference from mopeds to scooters and then to motor cycles.
The trends seen in the past few years females progressively using two-wheelers and various two-
wheeler manufacturers designing vehicles specially to furnish to desires of this segment. Last
decade saw Bajaj taking an important decision to stop production of Scooter and completely focus
on motor cycles, especially asserting change in consumer’s preference. The consumers are port
without a choice in most cases than to migrate from the old-style scooters of the Indian family to
the youthful bikes that one’s son rides to college.
With expanding earnings and acquiring intensity of the regular Indian, the interest in bikes
in the section has expanded considerably. There additionally have been persistent indications of
developing of the market when the producers responded by thinking of advancements, getting
consideration of potential purchasers and some of the time making another class of customers or
adjusting the inclinations and states of mind of existing buyers.
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1.2 Company Profile
Royal Enfield is a well-known automobile company that primarily deals in manufacturing
of motor cycles. Apart from that, it produces lawnmowers, stationery engines and rifles. The
company's motto, “Made Like A Gun”, reflects its weapon making legacy. Royal Enfield is a
company based in India with its headquarters in Chennai. The company was founded as Enfield
Manufacturing Company Limited in 1890. It produced its first ever bike under the brand name of
'Royal Enfield' in the same year in Redditch, Worcestershire, England. Albert Eadie and Robert
Walker Smith were the founders of Enfield Manufacturing Company Limited that ceased to exist
after 1971.
About Royal Enfield Ltd. India
Although Enfield sold its first bike in India in 1949, it was not before 1955 that India's own
Royal Enfield manufacturing establishment came into existence. In 1955, Redditch Company and
Madras Motors became partners and formed Enfield India, which is currently based in Chennai.
The present-day Royal Enfield company is a subsidiary of the Indian automobile stalwart Eicher
Motors Limited. Mr. Siddhartha Lal is the CEO of Royal Enfield India. Royal Enfield has been
the most trusted high capacity bike and the most favourite of the Indian government for the past
six decades. The Government of India had a requirement of a powerful, high capacity, strong and
reliable vehicle for the Indian Army and Indian Police for patrolling purposes. Royal Enfield was
the name the Indian government counted on. In 1965, 800 350cc Royal Enfield Bullet model units
were ordered by the Government of India. The original Enfield Manufacturing Company Limited
went defunct in 1971; however, Enfield India just kept on growing in stature and repute.
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Royal Enfield Plants
Royal Enfield has one manufacturing and assembly facility in Chennai, Tamil Nadu. This
manufacturing plant has been functional since 1955 and still produces the Royal Enfield Bullet
350cc and 500cc models.
List of models produced at the plant:
Thunderbird 500
Thunderbird 350
Classic Desert Storm
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Classic Battle Green
Classic Chrome
Classic 500
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Classic 350
Bullet 500
Bullet 350
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Bullet Electra
Bullet Machismo
Continental GT
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1.3 Problem Statement
Consumer loyalty is a standout amongst the most vital issues concerning business
associations of various kinds, which is legitimized by the client introduction Philosophy and the
primary standards of ceaseless enhancement of present-day undertakings. Client is an individual
or business that buys the merchandise or administrations created by a business. The customer is
the true objective of organizations, since the client pays for supply and makes request.
Organizations frequently pursue the saying that "The Client Is in Every Case Right" on the grounds
that upbeat clients will keep on purchasing merchandise and enterprises. In the present focused
business condition, consumer loyalty is an inexorably essential segment of a compelling
association.
Eicher Motors is losing its virtual monopoly in the motorcycle segment. Many global
manufacturers such as HD Motor Co. India (Harley Davidson), Triumph Motorcycles, Suzuki
Motorcycles and India Kawasaki Motors are aggressively entering the market, even as domestic
motorcycle makers Bajaj Auto Ltd. and TVS Motor Co. Ltd have made plans for the segment.
Therefore, this study concerns on customer satisfaction to meet customer needs to make customers
loyal and retain them for better profit in today’s modern market within the context of Eicher Motors
Pvt. Ltd.
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1.4 Scope of study and its Objectives
Scope of the study:
This investigation incorporates customer's reactions and mindfulness towards the brand
items and administrations of Royal Enfield. The outcomes are restricted by the example measure
100 and in this way the conclusion of just chosen shoppers will think about. Basically, this
investigation will be led in Sangli District and the degree is constrained. Shopper fulfilment is
exceptionally fundamental factor for the achievement of any organization. Fulfilled buyers are the
benefits of the organization. The outcomes are constrained by the numbers and are not the slightest
bit thorough, yet just fill in as in sign or a pilot consider for a comparable report that might be
performed on a copious bigger scale.
Objectives of the study
• To know about the experience after purchase relating to various parameters; (bike
performance, Service, mileage etc.).
• To determine the factors that affects the Satisfaction of a Bullet user.
• To understand overall performance of Royal Enfield bike.
1.5 Hypothesis
• H0: There is no significant relationship between customer satisfaction and rate of fuel
consumption of the royal Enfield.
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1.6 Significance of the study
The investigation with respect to a notorious brand that is over 100 years of age opens
limitless potential outcomes. Given the extent of the task and asset restrictions, satisfied shoppers
are the advantages of the organization. For fulfilling buyers, the organization offers consideration
regarding that whole factor which gives customer's fulfilment. Along these lines, the suitable
information about the purchaser fulfilment is basic. Factor investigation of the parameters on
which the buy choice has been based. Discovering the fulfilment of After Sales Service and Spares
among clients. Mapping the fulfilment of the Bullet clients.
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1.7 Conceptual Framework
Business continuously starts and closes with customers and therefore the shoppers should
be treated because the King of the market. All the business enhancements, profit, status, image etc.
of the organization depends on customers. therefore, it's necessary for all the organizations to
satisfy all the clients’ expectations and establish that they're glad customer.
Customer satisfaction is that the live off however the requirements and responses square
measure collaborated and delivered to surpass client expectation. It will solely be earned if the
client has AN overall sensible relationship with the provider. In today’s competitive business
marketplace, client satisfaction is a crucial performance exponent and basic discriminator of
business methods. Hence, a lot of is client satisfaction; a lot of is that the business and therefore
the bonding with client.
Customer satisfaction may be a part of customer’s expertise that exposes a supplier’s
behaviour on customer’s expectation. It additionally depends on however with efficiency it's
managed and the way promptly services square measure provided. This satisfaction can be
associated with numerous business aspects like selling, product producing, engineering, quality of
merchandise and services, responses customer’s issues and queries, completion of project, post
delivery services, grievance management etc.
Customer satisfaction is that the overall essence of the impression concerning the provider
by the shoppers. This impression that a client makes concerning provider is that the ad of all the
method he goes through, right from human action provider before doing any selling to post-
delivery choices and services and managing queries or complaints post-delivery. throughout this
method the client comes across operating atmosphere of varied departments and therefore the kind
of methods concerned within the organization. This helps the client to create robust opinion
concerning the provider that finally leads to satisfaction or discontent.
Customer’s perception on provider helps the client opt for among the provider on basis of
cash worth and the way well the delivered merchandise suits all the wants. The supplier’s services
ne'er diminish once the delivery as client seeks high values post selling services that might
facilitate them use and customise the delivered product a lot of with efficiency. If he's glad about
the post selling services, then their square measure sensible probabilities for provider to retain the
shoppers to boost perennial purchases and keep business profits.
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It is essentially needed for a company to move and communicate with clients daily to
extend customer satisfaction. In these interactions and communications, it's needed to be told and
verify all individual client desires and respond consequently. notwithstanding the merchandise
square measure identical in competitor markets, satisfaction provides high retention rates. for
instance, shoppers and retailers square measure engaged with frequent looking and credit cards to
achieve client satisfaction, several high-end retailers additionally give membership cards and
discount edges on those cards, so the client stay loyal to them.
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1.8 Conclusion
Customer satisfaction is talked as a strategic business development tool. Client satisfaction
will have a positive result on an organization's gain, happy client’s kind the inspiration of any
made business as customer satisfaction ends up in repeat purchasing for, complete loyalty, and
positive word of mouth. Happy customers are presumably to share their experiences with
individuals to the order of perhaps 5 or six people. Equally well, disgruntled customers are
additional seemingly to inform another ten individuals of their unlucky expertise. Analysis has
incontestable that even a distinction between a very happy client and a somewhat happy client
could lead on to an enlarged profits contribution.
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CHAPTER II
LITERATURE REVIEW / RELATED STUDIES
“A Study on customer Satisfaction Towards Royal Enfield with Special relevance Malappuram
District “By the Study entitled “A Study on client Satisfaction Towards Royal Enfield with Special
relevance Malappuram District” was undertaken with the target of sorting out customer’s
satisfaction level on Royal Enfield bikes. Here adopted appropriate methodology for information
assortment and analysis. It’s clear from the study that the foremost customers of Royal Enfield
square measure extremely glad in most areas offered by Royal Enfield. And most majorities among
the glad customers square measure delighted customers. This study reveals that by method of
reducing the lead-time, rising fuel potency, service and advertising and by introducing new models
capable to vie with the freshers within the market, Royal Enfield will simply build the total
customers into extremely delighted customers. (Mr.Faisal.T, August 2014, pp. 154-166)
“A Study on Service Quality in Royal Enfield showroom, Chennai.” This analysis examines
service quality satisfactions within the showroom. First, it analyses the speculation regarding
service quality conceptualization. Then a modify SERVQUAL instrument is developed and
applied to the showroom victimization as subject one amongst the businesses. 5 service dimensions
are identified: READINESS dependability, TRUST, COMFORT, SECURITY, and ACCESS.
they're examined in terms of their impact of customers' overall quality satisfaction and their
temperament to advocate the firm to an admirer. These variables are found to be affected heavily
by 2 dimensions: trust and luxury. this investigation's main conclusion is that SERVQUAL could
be a smart beginning base to quantify service quality, however it's neither of general nor of direct
application. The SERVQUAL instrument would want some changes to suit every scenario. No
promoting is required if it merely suggests that discounting. Sell services through quality. (G.
Gopalakrishnan, 2018, pp. 94-100)
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“A Study on Consumer Perception Towards Two-Wheeler Bikes.” This study is based to identify
the consumer satisfaction of bike owners who are using the two-wheeler Bikes at Allahabad, city
of Uttar Pradesh. The study concludes that Honda and Bajaj show maximum satisfaction whereas
TVS remains last. (Mr. Debasis Tripathy, 2014, pp. 52-58)
“A Study on Interactive Marketing Communication Tools and Brand Knowledge with Special
Reference to Royal Enfield Bike Owners” It shows us IMC tools such as Mobile app pop-ups,
social networking and email marketing have influence on brand knowledge of Royal Enfield bike
owners. So, it is concluded that the company must concentrate more on IMC tools in reaching
customers. At the same time IMC tools such as Blogs, widgets and tele marketing have no
significance influence on brand knowledge of Royal Enfield bike owners. This indicates that these
tools are not official and hence miss- leading advertisement creates false image of the
advertisement that deviate the minds of the consumers about the Royal Enfield bike. Hence the
Royal Enfield company should try to give more appealing advertisement in an authorized way to
create the stronger and knowledge about their product to the consumers. (Kumar & Selvi, 2018,
pp. 456-465)
“A Study on consumer Satisfaction of a particular Branded 2 Wheelers in South Coimbatore.”
within the gift era, client is that the Centre purpose of all the selling activities and everyone the
players within the market try to carry their place within the minds of the customers. Their
satisfaction plays a necessary role for the success of any business. disapproval is around for
hundreds of years to spot and differentiate the products and services of 1 producer from those of
another. it's the dear assets of a business. The brands like, Hero, TVS, Suzuki, Bajaj, Honda,
Mahindra, Royal Enfield and Yamaha are the popular brands within the Two-wheeler industry.
during this scenery the study has been undertaken to check the satisfaction level of the shoppers
towards chosen branded 2 wheelers in south Coimbatore town. (D.Vijayalakshmi, Kumari, &
Deepika, 2015, pp. 260-264)
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“Passion to Profits: What Makes Royal Enfield larger Than Harley Davidson?” vital to prosperous
turnaround has been a robust and hot leadership with a transparent vision and focus with daring
choices to reinvent the corporate in each side to create it a sturdy growth engine. This has been
more supported by robust business strategy with consumer initial and complete building to form a
traction within the market and distinctive client expertise for motor cycle possession. Company
has created a big-time investment to make capabilities in product style, state of the art producing
facilities, retail format and best in school world talent from the trade with a transparent focus and
long goal. (Todalbagi, 2017, pp. 55-63)
“A Study on consumer Satisfaction Level of Royal Enfield Bullet.” This study on client
satisfaction is being related to one in every of the leading two-wheeler company the Royal Enfield
within the following paragraph a quick note on the matter that has been undertaken because the
subject material is explained. during this project report, we are going to resolve the satisfaction
level of the Royal Enfield Bullet owner in metropolis town. the matter it's facing within the gift
market. This project evaluates the assorted factors that keep the client glad. It additionally
evaluates the assorted factors that influence a client to shop for the bullet. whereas choosing a
bullet numerous side that has got to run a plan with reference to complete image, Color, Fuel-
efficiency, Technology used, etc. A form was designed to conduct a survey and therefore the
information thus collected from acceptable respondents was analyzed employing an applied
mathematics package known as SPSS and a unidirectional analysis of variance check was done to
check the hypothesis. (Ahmed, Ramachandra, & Reddy, 2014, pp. 218-226)
“A Study on Factors Influencing Purchase Intention of Consumers Towards Two Wheelers”
Purchase intention could be a commit to purchase a decent or service within the future. makers
should bear in mind of the acquisition intention of customers to supply and position their product
during an extremely competitive market. Two-wheeler automobile market of Bharat is one
amongst best market within the world and has emerged into one amongst the most important
automobile markets within the world. Purchase intention of customers depends on many factors.
This study aims to explore the factors influencing the acquisition intention of customers towards
two-wheelers. (Antony & CibyThomas, 2017, pp. 626-631)
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“A Study Analyzing the Satisfaction of Youngsters in Making Purchase Decision of Bikes or
Scooters in And Around Landran Near Mohali.” The Asian country two-wheeler business has
return great distance since its humble starting in 1948 once Bajaj motorcar started commerce and
merchandising Vespa Scooters in India. Since then, the client preferences have modified in favor
of motorcycles and gearless scooters that score higher on technology, fuel economy and aesthetic
attractiveness, at the expense of metal-bodied in gear scooters and mopeds. These changes in client
preferences have had a bearing on fortunes of the players. Scooters used to dominate Indian roads
a few decades ago. In 1996, their market share fell but still they had almost half of two-wheeler
sales while of motorcycles, it stood at around 30per cent. By 2006, the reversal was dramatic. The
industry expects an upswing in scooters to about 30 per cent in four or five years which could
further scale up to 35 to 40 per cent. Scooters market share is already at 35 per cent in the
'urbanized' states – Karnataka, Maharashtra and Gujarat. Urbanized implies good urban road
infrastructure, a significant number of workingwomen etc. (Hoda, 2015, pp. 25-32)
“Consumer Satisfaction Towards Two Wheelers Between Hero and Bajaj - A Comparative Study”.
This research work is an earnest attempt to know the factors that which influence the public for
their preference on using the Bike. All findings and suggestions made during study are supported
by the researches during the period of research. It is hoped that the study would highlight the fields
of marketing strategy followed by the companies. If the suggestion is implemented, there will be
great reward for the project as well as it will be helpful for the automobile industries for their
further activities. Today when consumers are more educated and more capable to purchase the
luxuries for themselves, and. competition is very high in the market, then if any company wants to
stand in the market it is mandatory to analyses the market and consumers time to time. Otherwise
It is not easy for the companies to cope up with the challenges of the market. And the two wheelers
are playing the more important in every people’s life in India. Therefore, the researcher had an
effort to analyze the consumer preference towards the Two Wheelers between Hero and Bajaj a
comparative study in Madurai City. (Franklin & Selvi, 2017, pp. 1-6)
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CHAPTER III
RESEARCH FRAMEWORK
3.1 Research Design
Research design adopted for this research is “Descriptive Research”. The data was
collected through web link. It includes surveys and fact-finding enquiries of different kinds. The
major purpose of descriptive research is description of the as it exists at present.
3.2 Research Methodology
This research is an empirical paper which has been written after doing an exhaustive
literature review of several similar papers. A primary and descriptive research was done with a
sample size of 100 customers using the random sampling technique. A structured questionnaire
was prepared for data collection and the responses were analysed using SPSS software. The
hypothesis was tested using Chi-square test.
3.3 Data collection
❖ Primary Source
• The Primary source of collecting data for research is Structured, standardized
questionnaire for customers of Royal Enfield bullet bike.
• Research Technique:
In this study the survey method is used as a research technique. This method helps to
obtain right information from respondents.
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❖ Secondary source
In this study the secondary data is collected from the following sources.
1. Company website
2. Research Papers
3. Reports of the Company
4. Magazines of the Company
5. Books on Marketing and Research methodology
3.4Sampling Technique / Procedure
Survey area chose as a district Sangli. Sample size was taking as One Hundred respondents
and the sample units are customers. Type of research used is descriptive research the main research
tool was questionnaire and the type of data was primary and secondary data.
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CHAPTER IV
FINDINGS AND RECOMMENDATIONS
4.1 Data Presentation and Analysis
Table No 4.1
Age
Age groups Respondents Percentage (%)
20-24 42 42.00%
25-29 32 32.00%
30-35 18 18.00%
Above 35 8 8.00%
Total 100 100%
According to above table 42% Respondents are in age group 20 to 24; 32% Respondents in
between 25-29; 18% were in 30-35; 8% in above 35 years old. It is inferred that most of the royal
Enfield users are youths and Adults are generally not preferring Royal Enfield bike.
Graph No: - 4.1
42%
32%
18%
8%
Age groups
20-24
25-29
30-35
Above 35
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Table No 4.2
Gender
Gender Respondents Percentage (%)
Male 95 95.00%
Female 5 5.00%
Other 0 0%
Total 100 100%
According to above table out of 100 Respondents, 95% were Male, where as 5% were Female. It
is inferred that majority males are customers of Royal Enfield Bike and only some girls are using
it.
Graph No: - 4. 2
95
5 0
MALE FEMALE OTHER
Gender
No of Respondents
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Table No 4.3
Occupation
Occupation Respondents Percentage (%)
Student 44 44.00%
Govt. Servant 7 7.00%
Ex- Serviceman 4 4.00%
Professional 20 20.00%
Self-Employed 23 23.00%
Other 2 2.00%
Total 100 100%
According to (A) table 44% Respondents were Students; 7% Respondents were Govt. servents;
4% were Ex-serviceman; 20% were Professionals; 23%were Self employed and 2% respondents
doing other jobs.Majoriy of students are owning Royal Enfield and the main reason is it shows
stongness, other professionals are less as compare to students.
Graph No: - 4. 3
44
7
4
20
23
2
0 5 10 15 20 25 30 35 40 45 50
STUDENT
GOVT. SERVANT
EX- SERVICEMAN
PROFESSIONAL
SELF-EMPLOYED
OTHER
Occupation
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Table No 4.4
Which model of Royal Enfield do you presently own?
Product Respondents Percentage (%)
Classic 350 23 23.00%
Classic 500 7 7.00%
Bullet Electra 8 8.00%
Thunderbird 500 11 11.00%
Thunderbird 350 16 16.00%
Bullet 500 10 10.00%
Bullet 350 4 4.00%
Classic Chrome 4 4.00%
Classic Desert Storm 5 5.00%
Classic Battle Green 6 6.00%
Bullet Machismo 3 3.00%
Continental GT 3 3.00%
Total 100 100%
According to (B) table 23% Respondents are using bullet classic 350 which is highest number after
that 16% Respondents are using Thunderbird 350 and other models of bullet having less users in
the district.It is inferred that Classic 350 is favorite among the customers and other models are
unable to attract customers.
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Graph No 4.4
23
7
8
11
16
10
4
4
5
6
3
3
0 5 10 15 20 25
CLASSIC 350
CLASSIC 500
BULLET ELECTRA
THUNDERBIRD 500
THUNDERBIRD 350
BULLET 500
BULLET 350
CLASSIC CHROME
CLASSIC DESERT STORM
CLASSIC BATTLE GREEN
BULLET MACHISMO
CONTINENTAL GT
M.B.A Program 2017-19
D.M.S R.I.T, Rajaramnagar Page 24
Table No 4.5
How you rate for your satisfaction level with respect to after sales service of your Royal
Enfield bike?
Satisfaction level Respondents Percentage (%)
Highly Satisfied 22 22.00%
Satisfied 47 47.00%
Dissatisfied 31 31.00%
Total 100 100%
According to (B) table 22% respondents are Highly Satisfied, 47% of them are satisfied, while
31% of them are dissatisfied with the after sales service of their Royal Enfield bike. It is inferred
that a smaller number of respondents are satisfied with after sale service of Royal Enfield.
Graph No 4. 5
22%
47%
31%
Satisfaction level
Highly Satisfied
Satisfied
Dissatisfied
M.B.A Program 2017-19
D.M.S R.I.T, Rajaramnagar Page 25
Table No 4.6
Do you agree that company acts towards the complaints lodged by the customers?
Company acts towards the
complaints
Respondents Percentage (%)
Yes 66 66.00%
No 18 18.00%
Can't Say 16 16.00%
Total 100 100%
According to (B) table 66% respondents are of the view that, agree that company acts towards the
complaints lodged by the customers, 18% of them are not agree with this statement, while 16% of
them can’t say anything. Most of the customer says that the company act towards complaint lodged
by customers.
Graph No 4.6
66%
18%
16%
Company acts towards the complaints
Yes
No
Can't Say
M.B.A Program 2017-19
D.M.S R.I.T, Rajaramnagar Page 26
Table No 4.7
What is the rate of fuel consumption for Royal Enfield Bike?
Rate of fuel consumption Respondents Percentage (%)
Low 31 31.00%
Average 50 50.00%
High 19 19.00%
Total 100 100%
According to (B) table 50% respondents are of the view that, Royal Enfield bike has average fuel
consumption rate, 31% of them are saying that the fuel consumption rate is low, while 19% of
them are of the view that it has high fuel consumption rate. It is inferred that half of the respondents
feel that the fuel consumption is average as compare to other bikes.
Graph No 4. 7
31%
50%
19%
Rate of fuel consumption
Low
Average
High
M.B.A Program 2017-19
D.M.S R.I.T, Rajaramnagar Page 27
Table No 4.8
Are you satisfied with the bike’s mileage?
Satisfied with the bike’s
mileage?
Respondents Percentage (%)
Yes 28 28.00%
No 36 36.00%
Can't say 36 36.00%
Total 100 100%
According to (B) table 28% respondents are satisfied with the bike’s mileage, 36% of them are not
agree with this statement, while 36% of them can’t say anything. It is inferred that customers are
not fully satisfied with the mileage of Royal Enfield bike.
Graph No 4.8
28%
36%
36%
Satisfied with the bikes mileage?
Yes
No
Can't say
M.B.A Program 2017-19
D.M.S R.I.T, Rajaramnagar Page 28
Table No 4.9
Will you easily get spare parts of Royal Enfield in Market?
Availability of spare parts Respondents Percentage (%)
Yes 43 43.00%
No 37 37.00%
Can't Say 20 20.00%
Total 100 100%
According to (B) table 43% respondents are of the view that, they easily get spare parts of bike in
the market, 37% of them are not agree with this statement, while 20% of them can’t say anything.
Most of the respondents feel that the parts of Royal Enfield are available in the market, there is no
any shortage kind of situation.
Graph No 4.9
43%
37%
20%
Availability of spare parts
Yes
No
Can't Say
M.B.A Program 2017-19
D.M.S R.I.T, Rajaramnagar Page 29
Table No 4.10
When it comes to comfort and convenience, the Royal Enfield Bike is…
Comfort and convenience Respondents Percentage (%)
Very Comfortable 39 39.00%
Average 35 35.00%
Not Comfortable 26 26.00%
Total 100 100%
According to (B) table 39% respondents are of the view that, Royal Enfield bike is very
comfortable and convenient for them, 35% of them are saying that comfort is average, while 26%
says that bike is not comfortable and convenient. It is inferred that Royal Enfield bike is more
comfortable as compare to other sport bikes.
Graph No 4.10
39%
35%
26%
Comfort and convenience
Very Comfortable
Average
Not Comfortable
M.B.A Program 2017-19
D.M.S R.I.T, Rajaramnagar Page 30
Table No 4.11
Are you satisfied with the performance of the bike?
Satisfaction with the
performance
Respondents Percentage (%)
Highly Satisfied 25 25.00%
Satisfied 45 45.00%
Dissatisfied 30 30.00%
Total 100 100%
According to (B) table 25% respondents are Highly Satisfied, 45% of them are satisfied, while
30% of them are dissatisfied with the performance of Royal Enfield bike. There is fewer number
of respondents who highly satisfied with the performance of Royal Enfield. Most of the customer
are not fully satisfied with the performance of bike.
Graph No 4.11
25%
45%
30%
Satisfaction with the performance
Highly Satisfied
Satisfied
Dissatisfied
M.B.A Program 2017-19
D.M.S R.I.T, Rajaramnagar Page 31
Table No 4.12
What is the one thing you want to improve in bike?
Want to improve Respondents Percentage (%)
Speed 16 16.00%
Mileage 43 43.00%
Look 28 28.00%
No need to Change 13 13.00%
Total 100 100%
According to (B) table 16% respondents says that company should improve speed of bike, 43%
says mileage, 28% says look and 13% says that there is no need to change in bike. It is inferred
that maximum number of customers are want more fuel-efficient bike. They suggested
improvement in mileage.
Graph No 4.12
16%
43%
28%
13%
Want to improve
Speed
Mileage
Look
No need to Change
M.B.A Program 2017-19
D.M.S R.I.T, Rajaramnagar Page 32
Table No 4.13
According to your opinion what can be done to improve Royal Enfield Bikes’ sales in local
markets?
What can be done to
improve sales
Respondents Percentage (%)
Advertise more 11 11.00%
Provide better service 22 22.00%
Improve quality 24 24.00%
Should reduce prices 34 34.00%
No need to improve 9 9.00%
Total 100 100%
According to (B) table 11% respondents says that company should advertise more, 22% says that
company should provide better service, 24% says improve quality, 34% says that company should
reduce the price of the product and 9% says that there is no need to change for growing sales in
local market. Most of the respondents think that company should reduce prices of its products as
well as improve quality of the bikes.
Graph No 4.13
11
22
24
34
9
0 5 10 15 20 25 30 35 40
ADVERTISE MORE
PROVIDE BETTER SERVICE
IMPROVE QUALITY
SHOULD REDUCE PRICES
NO NEED TO IMPROVE
What can be done to improve sales
No of Respondents
M.B.A Program 2017-19
D.M.S R.I.T, Rajaramnagar Page 33
Table No 4.14
Overall satisfaction level has derived as expected from Royal Enfield Bike?
Overall satisfaction Respondents Percentage (%)
Detractors 60 60.00%
Passives 28 28.00%
Promoters 12 12.00%
Total 100 100%
According to (B) table and graph no. 4.11, 60% respondents are Detractors, 28% of them are
Passives, while 12% of them are Promoters of Royal Enfield bikes. It is inferred that most of the
customers are not fully satisfied with the Royal Enfield bike. They want more from the Royal
Enfield.
Graph No 4. 14
60%
28%
12%
Overall satisfaction
Detractors
Passives
Promoters
M.B.A Program 2017-19
D.M.S R.I.T, Rajaramnagar Page 34
HYPOTHESIS TESTING
Analysis
Rate of fuel consumption * satisfaction with the bike’s mileage CROSSTABULATION
satisfaction with the bike’s mileage
Total
Yes No Can’t Say
Rate of fuel
consumption Low
Count 0 31 0 31
Expected Count 8.4 11.2 11.5 31.0
Average
Count 14 5 30 49
Expected Count 13.2 17.6 18.1 49.0
High
Count 13 0 7 20
Expected Count 5.4 7.2 7.4 20.0
Total
Count 27 36 37 100
Expected Count 27.0 36.0 37.0 100.0
Chi-Square Tests
Value df Asymptotic Sig. (2-
sided)
Pearson Chi-Square 89.903a
4 .000
Likelihood Ratio 104.601 4 .000
N of Valid Cases 100
a. 0 cells (.0%) have expected count less than 5. The minimum expected count is 5.40.
M.B.A Program 2017-19
D.M.S R.I.T, Rajaramnagar Page 35
Result
P-Value (.000) is less than 0.05 signifies that there is an association between the fuel
consumption of Royal Enfield and satisfaction of the buyers and therefore we reject the null
hypothesis. At 5 % significance level, we can reject the Null Hypothesis.
M.B.A Program 2017-19
D.M.S R.I.T, Rajaramnagar Page 36
4.2 Data Interpretations and findings
1. It is inferred that most of the royal Enfield users are youths and Adults are generally not
preferring Royal Enfield bike. (Table No. 4.1 A)
2. It is inferred that majority males are customers of Royal Enfield Bike and only some girls
are using it. (Table No. 4.2 A)
3. Majoriy of students are owning Royal Enfield and the main reason is it shows
strongness,other professionals are less as compare to students. (Table No. 4.3 A)
4. It is inferred that Classic 350 is favorite among the customers and other models are unable
to attract customers. (Table No. 4.1 B)
5. It is inferred that a smaller number of respondents are satisfied with after sale service of
Royal Enfield. (Table No. 4.2 B)
6. Most of the customer says that the company act towards complaint lodged by customers.
(Table No. 4.3 B)
7. It is inferred that half of the respondents feel that the fuel consumption is average as
compare to other bikes. (Table No. 4.4 B)
8. It is inferred that customers are not fully satisfied with the mileage of Royal Enfield bike.
(Table No. 4.5 B)
9. Most of the respondents feel that the parts of Royal Enfield are available in the market,
there is no any shortage kind of situation. (Table No. 4.6 B)
10. It is inferred that Royal Enfield bike is more comfortable as compare to other sport bikes.
(Table No. 4.7 B)
11. There is fewer number of respondents who highly satisfied with the performance of Royal
Enfield. Most of the customer are not fully satisfied with the performance of bike.
(Table No. 4.8 B)
12. It is inferred that maximum number of customers are want more fuel-efficient bike. They
suggested improvement in mileage. (Table No. 4.9 B)
13. Most of the respondents think that company should reduce prices of its products as well as
improve quality of the bikes. (Table No. 4.10 B)
14. It is inferred that most of the customers are not fully satisfied with the Royal Enfield bike.
They want more from the Royal Enfield. (Table No. 4.11 B)
M.B.A Program 2017-19
D.M.S R.I.T, Rajaramnagar Page 37
4.3 Conclusion
The study has helped Royal Enfield bullet dealers to understands whether the purchasers
are happy aren't. If not, what are the most reason for discontent of client to the dealers and what
are all the ways in which to recover the satisfaction level of client towards dealer that's once sale
service. come back to accomplish younger generation and time of life are additional fascinated by
Royal Enfield Bullet, the shopping for behaviour is ruled preponderantly by the requirement for
power and respect for the long-lasting whole and users are largely skilled males, 20-35 years
getting on, together with some students.
Most of the purchasers are drawn to new unharness classic 350/500, additionally customers
are simply buying the value of Royal Enfield bike and customers are terribly loyal towards the
whole Royal Enfield bullet. Royal Enfield ought to specialise in its effort to succeed in the client
the millage of Royal Enfield Bullet Bikes is extremely economical and most of them like better to
purchase their Bike fresh from salesroom with the spare components obtainable in market simply.
Royal Enfield Bullet includes a satisfaction with within the client for its sound, comfort, and safety.
In last conclude that majority of respondents said that They are satisfied with the bike’s
performance, but company should focus on the reduction of the price of the bikes and investigate
the improvement in after sale service of bikes. The fuel consumption is also high as per
respondents’ point of view. Finally, we can say that customers in local market are not fully satisfied
with the Royal Enfield bike
M.B.A Program 2017-19
D.M.S R.I.T, Rajaramnagar Page 38
4.4 Recommendation
After analysing the findings, the following Recommendation have been prepared. Great care has
been taken in making these Recommendation for the improvement of consumer’s opinion.
• A clear majority of the respondents felt the after-sale service of bikes should be changed
to attract the customers.
• Some of the respondents had suggested improving the mileage of Bikes.
• A considerable number of respondents opined that there is a need to improve the
technology of Royal Enfield bikes like bike should have digital meter.
• The bikes recently introduced by Royal Enfield are mostly concerned about youth. So, they
should also consider middle-aged people while manufacturing.
• Some of the respondents felt that the price of Royal Enfield bike is high, and it should be
decreased to attract more customers
M.B.A Program 2017-19
D.M.S R.I.T, Rajaramnagar Page 39
4.5 Limitations and Scope for further studies
❖ Limitations
1. Any study on Customer satisfaction of a section of the society essentially attempts to probe the
respondent's mind. Such studies rely heavily on the understanding of questions by the
respondents, the time that they invest to respond and the correctness of their responses.
2. Only people from urban and semi-urban areas were considered for the survey. Rural
people were omitted for its wide geographical spread, practical difficulties, as also
widening of the scope of the study.
3. The sample size of 100 was selected to represent the customers of Sangli District. Since
the number of respondents surveyed had to be limited considering the time and cost
involved, a larger sample size was not possible. Hence the limitation attributed to
sample sizes in any survey involving statistical analysis would be applicable to this
study also.
4. As the respondents were spread over throughout Sangli District, it was not possible for
the researcher to contact the respondents (again and again) personally to rectify some
omissions and commissions.
❖ Scope for further study
The study on customer satisfaction in Sangli District consisted of the above 20 years Customers
in Sangli District and residing in urban and semi urban areas.
1. Youth in rural areas could be the target respondents and their satisfaction could be
studied.
2. A study of buying habits of youth in some other state could also be carried out.
3. The age group could include 18-20 years old respondents too.
M.B.A Program 2017-19
D.M.S R.I.T, Rajaramnagar Page 40
Bibliography
Ahmed, M. A., Ramachandra, D. M., & Reddy, M. S. (2014). A STUDY ON CUSTOMER
SATISFACTION LEVEL OF ROYAL ENFIELD BULLET. International Journal of Business
and Administration Research Review.
Antony, J., & CibyThomas, D. (2017). A STUDY ON FACTORS INFLUENCING PURCHASE
INTENTION OF CONSUMERS TOWARDS TWO WHEELERS . International Journal of
Advance Engineering and Research Development .
D.Vijayalakshmi, Kumari, M. S., & Deepika, S. (2015). A study on customer satisfaction of a selected
branded two wheelers in south Coimbatore . International Journal of Multidisciplinary Research
and Development , 260-264.
Franklin, D. L., & Selvi, C. T. (2017). Consumer Satisfaction towards Two Wheelers between Hero and
Bajaj - A Comparative Study . The International Journal of Scientific and Engineering Research.
G. Gopalakrishnan, R. R. (2018). A STUDY ON SERVICE QUALITY IN ROYAL ENFIELD
SHOWROOM, CHENNAI . INTERNATIONAL JOURNAL OF CURRENT ENGINEERING AND
SCIENTIFIC RESEARCH (IJCESR) , 7.
Hoda, D. C. (2015). A Study Analysing the Perception of Youngsters in Making Purchase Decision of
Bikes or Scooters In and Around Landran near Mohali . Biz and Bytes .
Kumar, P., & Selvi, D. J. (2018). A Study on Interactive Marketing Communication Tools and Brand
knowledge with Special reference to Royal Enfield bike owners. . International Research Journal
of Management and Commerce , 456-465.
Mr. Debasis Tripathy, D. R. (2014). A STUDY ON CONSUMER PERCEPTION TOWARDS TWO
WHEELER BIKES . International Research Journal of Management Science & Technology , 52-
58.
Mr.Faisal.T, R. S.-P. (August 2014). “A Study On Customer Satisfaction Towards Royal Enfield With
Special Reference To Malappuram District”. Asia Pacific Journal of Research, 13.
Todalbagi, R. (2017). Passion to Profits: What Makes Royal Enfield Bigger than Harley Davidson? .
SDMIMD Journal of Management.
M.B.A Program 2017-19
D.M.S R.I.T, Rajaramnagar Page 41
References
• https://www.royalenfield.com/
• http://www.ijbarr.com/downloads/2014/vol1-issue2/17.pdf
• http://www.ijaerd.com/papers/finished_papers/A%20STUDY%20ON%20FACTORS%20INFLU
ENCING%20PURCHASE%20INTENTION%20OF%20CONSUMERS%20TOWARDS%20T
WO%20WHEELERS-IJAERDV04I0588050n.pdf
• https://www.journalajst.com/sites/default/files/4834.pdf
• http://www.academia.edu/3655671/COMPARATIVE_STUDY_OF_CUSTOMER_SATISFACT
ION_TOWARD_PERFORMANCE_OF_HERO_HONDA_TVS_AND_BAJAJ_BIKES_By_Des
hraj_Singh
• http://troindia.in/journal/ijcesr/vol5iss4part8/94-100.pdf
• http://cbsmohali.org/img/A%20Study%20Analysing%20the%20Perception%20of%20Youngsters
%20in%20Making%20Purchase.pdf
• http://www.academia.edu/4932300/A_STUDY_ON_CONSUMER_BUYING_BEHAVIOR_TO
WARDS_TWO_WHEELER_BIKES_IN_CONTEXT_TO_INDIAN_MARKET
• http://apjor.com/downloads/1109201415.pdf
• http://apjor.com/downloads/1109201415.pdf
ANNEXURE
QUESTIONNAIRE
Consumer Satisfaction Toward Bike Of Royal Enfield
1. Name
2. Age
 20-24
 25-29
 30-35
 Above 35
3. Gender
 Male
 Female
 Other
4. Occupation
 Student
 Govt. Servant
 Ex- Serviceman
 Professional
 Self-Employed
 Other
5. Which model of Royal Enfield do you presently own?
 Classic 350
 Classic 500
 Bullet Electra
 Thunderbird 500
 Thunderbird 350
 Bullet 500
 Bullet 350
 Classic Chrome
 Classic Desert Storm
 Classic Battle Green
 Bullet Machismo
 Continental GT
6. How you rate for your satisfaction level with respect to after sales service of your Royal Enfield bike?
 Highly Satisfied
 Satisfied
 Dissatisfied
7. Do you agree that company acts towards the complaints lodged by the customers?
 Yes
 No
 Can't Say
8. What is the rate of fuel consumption for Royal Enfield Bike?
 Low
 Average
 High
9. Are you satisfied with the bike’s mileage?
 Yes
 No
 Can't say
10. Will you easily get spare parts of Royal Enfield in Market?
 Yes
 No
 Can't Say
11. When it comes to comfort and convenience, the Royal Enfield Bike is...
 Very Comfortable
 Average
 Not Comfortable
12. Are you satisfied with the performance of the bike?
 Highly Satisfied
 Satisfied
 Dissatisfied
13. What is the one thing you want to improve in bike?
 Speed
 Mileage
 Look
 No need to Change
14. According to your opinion what can be done to improve Royal Enfield Bikes’ sales in local markets?
 Advertise more
 Provide better service
 Improve quality
 Should reduce prices
 No need to improve
15. Overall satisfaction level has derived as expected from Royal Enfield Bike?
Highly
Dissatisfied Delighted
0 1 2 3 4 5 6 7 8 9 10
Customer satisfaction towards bikes of Royal Enfield

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Customer satisfaction towards bikes of Royal Enfield

  • 1. A PROJECT REPORT ON Summer Internship Program “CUSTOMER SATISFACTION TOWARDS BIKES OF ROYAL ENFIELD” With Special Reference to Eicher Motors Pvt. Ltd, Pune. Submitted To Department of Management Studies Rajarambapu Institute of Technology, Rajaramnagar For the Degree of Master of Business Administration Under the faculty of Management By Mr. Vinayak Baburao Khade Under the Guidance Of Mr. Rajendra J. Agawane (M Phil, MBA, B. Com) Through, The Director Rajarambapu Institute of Technology Management Studies (Sakharale) District-Sangli 415414 2018- 2019
  • 2. C E R T I F I C A T E This is to certify that, the project work entitled, “CUSTOMER SATISFACTION TOWARDS BIKES OF ROYAL ENFIELD” With Special Reference To Eicher Motors Pvt. Ltd, Pune. Submitted by Mr. Vinayak Baburao Khade (Roll No. 1740051 MBA-II) In partial fulfilment of the requirement for the award of degree of MASTER OF BUSINESS ADMINISTRATION Under the guidance of Mr. Rajendra J. Agawane (M Phil, MBA, B. Com) Submitted To, RAJARAMBAPU INSTITUTE OF TECHNOLOGY, RAJARAMNAGAR The project report submitted through the Head of Department, Rajarambapu Institute of Technology, and Rajaramnagar during the academic year 2018 – 2019. H.O.D. Director (Department of Management Studies) R.I.T. Rajaramnagar R.I.T. Rajaramnagar
  • 3. C E R T I F I C A T E This is to certify that the project report entitled “CUSTOMER SATISFACTION TOWARDS BIKES OF ROYAL ENFIELD” With Special Reference To Eicher Motors Pvt. Ltd, Pune. Submitted by Mr. Vinayak Baburao Khade (Roll No. 1740051 MBA-II) In the partial fulfilment of Post-Graduation Degree of MASTER OF BUSINESS ADMINISTRATION Under my guidance and supervision. To the best of my knowledge and belief the work presently was not been submitted earlier for degree of Master of Business Administration. Date: - Project Guide Place: - Sakharale Mr. Rajendra J. Agawane (M Phil, MBA, B. Com)
  • 4. A C K N O W L E D G E M E N T My Special thanks are to RIT, RAJARAMNAGAR for giving me great opportunity to do this project work. I would like to express my sincere gratitude towards Mr. Rajendra J. Agawane and other Faculty members for their valuable guidance and constant encouragement to complete my project work. I would like to thank to Mr. Sumit Patil, and other staff members for their valuable guidance. For providing their valuable experience, able guidance, encouragement and critical solutions in our project work. For their support and guidance throughout the project and providing us with new ideas for the project. Yours Sincerely, Vinayak Baburao Khade Roll No. 1740051 (MBA-Marketing & Operations)
  • 5. D E C L A R A T I O N I Vinayak Baburao Khade, student of MBA at Rajarambapu Institute of Technology, Rajaramnagar, Islampur, solemnly declare that the project work title as “Customer Satisfaction Towards Bikes of Royal Enfield”, in partial fulfilment of MBA program under Shivaji University of Kolhapur. This project was undertaken as a part of the academic curriculum according to the university rules, norms and by no commercial motives. Place: - Sakharale Date: - Vinayak Baburao Khade
  • 6. INDEX CHAPTER NO. NAME OF THE TOPIC PAGE NO. 1. INTRODUCTION 1.1 – Introduction. 1.2 – Company Profile. 1.3 – Problem Statement. 1.4 – Scope of the Study and Its Objectives. 1.5 – Hypothesis 1.6 – Significance of the study 1.7 – Conceptual Framework 1.8 – Conclusion 1 2-6 7 8 8 9 10-11 12 2. LITRETURE REVIEW 13-16 3. RESEARCH FRAMEWORK 3.1 – Research Design. 3.2 – Research Methodology 3.3 – Data Collection. 3.3 – Sampling Techniques / Procedure 17 17 17 18 4. FINDINGS AND RECOMMENDATIONS 4.1 – Data Presentation and Analysis 4.2 – Data Interpretation and Findings 4.3 – Conclusions 4.4 – Recommendation 4.5 – Limitations and Scope for further Studies 19-35 36 37 38 39 5. REFERENCE AND BIBLIOGRAPHY 40-41 6. QUESTIONNAIRE 42
  • 7. LIST OF TABLES NO. OF TABLE NAME OF THE TABLE PAGE NO. 1 Age Group 19 2 Gender Group 20 3 Occupation 21 4 Model of Royal Enfield You Presently Own 22 5 Satisfaction Level with Respect to After Sales Service of Your Royal Enfield Bike 24 6 Company Acts Towards the Complaints Lodged by The Customers 25 7 Rate of Fuel Consumption for Royal Enfield Bike 26 8 Satisfied with The Bike’s Mileage 27 9 Easily Get Spare Parts of Royal Enfield In Market 28 10 Comfort and Convenience 29 11 Performance of The Bike 30 12 One Thing You Want to Improve in Bike 31 13 What Can Be Done to Improve Royal Enfield Bikes’ Sales in Local Markets 32 14 Overall Satisfaction 33
  • 8. LIST OF GRAPHS NO. OF GRAPH NAME OF THE GRAPHS PAGE NO. 1 Age Group 19 2 Gender Group 20 3 Occupation 21 4 Model of Royal Enfield You Presently Own 23 5 Satisfaction Level with Respect to After Sales Service of Your Royal Enfield Bike 24 6 Company Acts Towards the Complaints Lodged by The Customers 25 7 Rate of Fuel Consumption for Royal Enfield Bike 26 8 Satisfied with The Bike’s Mileage 27 9 Easily Get Spare Parts of Royal Enfield In Market 28 10 Comfort and Convenience 29 11 Performance of The Bike 30 12 One Thing You Want to Improve in Bike 31 13 What Can Be Done to Improve Royal Enfield Bikes’ Sales in Local Markets 32 14 Overall Satisfaction 33
  • 9. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 1 CHAPTER I INTRODUCTION 1.1 Introduction Since the Lambretta scooter was replaced with the flurry of exciting two-wheeler models, Indian two-wheeler business has seen a remarkable change in the way they observe the Indian marketplace. India has now developed into the second largest manufacturer of two-wheelers in the world. Currently there are around ten two-wheeler manufacturers in the country, and they are Mahindra, Royal Enfield, Bajaj, Hero, Honda Suzuki, TVS, and Yamaha. The two-wheeler industry can be divided into motor cycles, scooters, electric scoter and mopeds. The buyer has changed his preference from mopeds to scooters and then to motor cycles. The trends seen in the past few years females progressively using two-wheelers and various two- wheeler manufacturers designing vehicles specially to furnish to desires of this segment. Last decade saw Bajaj taking an important decision to stop production of Scooter and completely focus on motor cycles, especially asserting change in consumer’s preference. The consumers are port without a choice in most cases than to migrate from the old-style scooters of the Indian family to the youthful bikes that one’s son rides to college. With expanding earnings and acquiring intensity of the regular Indian, the interest in bikes in the section has expanded considerably. There additionally have been persistent indications of developing of the market when the producers responded by thinking of advancements, getting consideration of potential purchasers and some of the time making another class of customers or adjusting the inclinations and states of mind of existing buyers.
  • 10. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 2 1.2 Company Profile Royal Enfield is a well-known automobile company that primarily deals in manufacturing of motor cycles. Apart from that, it produces lawnmowers, stationery engines and rifles. The company's motto, “Made Like A Gun”, reflects its weapon making legacy. Royal Enfield is a company based in India with its headquarters in Chennai. The company was founded as Enfield Manufacturing Company Limited in 1890. It produced its first ever bike under the brand name of 'Royal Enfield' in the same year in Redditch, Worcestershire, England. Albert Eadie and Robert Walker Smith were the founders of Enfield Manufacturing Company Limited that ceased to exist after 1971. About Royal Enfield Ltd. India Although Enfield sold its first bike in India in 1949, it was not before 1955 that India's own Royal Enfield manufacturing establishment came into existence. In 1955, Redditch Company and Madras Motors became partners and formed Enfield India, which is currently based in Chennai. The present-day Royal Enfield company is a subsidiary of the Indian automobile stalwart Eicher Motors Limited. Mr. Siddhartha Lal is the CEO of Royal Enfield India. Royal Enfield has been the most trusted high capacity bike and the most favourite of the Indian government for the past six decades. The Government of India had a requirement of a powerful, high capacity, strong and reliable vehicle for the Indian Army and Indian Police for patrolling purposes. Royal Enfield was the name the Indian government counted on. In 1965, 800 350cc Royal Enfield Bullet model units were ordered by the Government of India. The original Enfield Manufacturing Company Limited went defunct in 1971; however, Enfield India just kept on growing in stature and repute.
  • 11. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 3 Royal Enfield Plants Royal Enfield has one manufacturing and assembly facility in Chennai, Tamil Nadu. This manufacturing plant has been functional since 1955 and still produces the Royal Enfield Bullet 350cc and 500cc models. List of models produced at the plant: Thunderbird 500 Thunderbird 350 Classic Desert Storm
  • 12. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 4 Classic Battle Green Classic Chrome Classic 500
  • 13. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 5 Classic 350 Bullet 500 Bullet 350
  • 14. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 6 Bullet Electra Bullet Machismo Continental GT
  • 15. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 7 1.3 Problem Statement Consumer loyalty is a standout amongst the most vital issues concerning business associations of various kinds, which is legitimized by the client introduction Philosophy and the primary standards of ceaseless enhancement of present-day undertakings. Client is an individual or business that buys the merchandise or administrations created by a business. The customer is the true objective of organizations, since the client pays for supply and makes request. Organizations frequently pursue the saying that "The Client Is in Every Case Right" on the grounds that upbeat clients will keep on purchasing merchandise and enterprises. In the present focused business condition, consumer loyalty is an inexorably essential segment of a compelling association. Eicher Motors is losing its virtual monopoly in the motorcycle segment. Many global manufacturers such as HD Motor Co. India (Harley Davidson), Triumph Motorcycles, Suzuki Motorcycles and India Kawasaki Motors are aggressively entering the market, even as domestic motorcycle makers Bajaj Auto Ltd. and TVS Motor Co. Ltd have made plans for the segment. Therefore, this study concerns on customer satisfaction to meet customer needs to make customers loyal and retain them for better profit in today’s modern market within the context of Eicher Motors Pvt. Ltd.
  • 16. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 8 1.4 Scope of study and its Objectives Scope of the study: This investigation incorporates customer's reactions and mindfulness towards the brand items and administrations of Royal Enfield. The outcomes are restricted by the example measure 100 and in this way the conclusion of just chosen shoppers will think about. Basically, this investigation will be led in Sangli District and the degree is constrained. Shopper fulfilment is exceptionally fundamental factor for the achievement of any organization. Fulfilled buyers are the benefits of the organization. The outcomes are constrained by the numbers and are not the slightest bit thorough, yet just fill in as in sign or a pilot consider for a comparable report that might be performed on a copious bigger scale. Objectives of the study • To know about the experience after purchase relating to various parameters; (bike performance, Service, mileage etc.). • To determine the factors that affects the Satisfaction of a Bullet user. • To understand overall performance of Royal Enfield bike. 1.5 Hypothesis • H0: There is no significant relationship between customer satisfaction and rate of fuel consumption of the royal Enfield.
  • 17. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 9 1.6 Significance of the study The investigation with respect to a notorious brand that is over 100 years of age opens limitless potential outcomes. Given the extent of the task and asset restrictions, satisfied shoppers are the advantages of the organization. For fulfilling buyers, the organization offers consideration regarding that whole factor which gives customer's fulfilment. Along these lines, the suitable information about the purchaser fulfilment is basic. Factor investigation of the parameters on which the buy choice has been based. Discovering the fulfilment of After Sales Service and Spares among clients. Mapping the fulfilment of the Bullet clients.
  • 18. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 10 1.7 Conceptual Framework Business continuously starts and closes with customers and therefore the shoppers should be treated because the King of the market. All the business enhancements, profit, status, image etc. of the organization depends on customers. therefore, it's necessary for all the organizations to satisfy all the clients’ expectations and establish that they're glad customer. Customer satisfaction is that the live off however the requirements and responses square measure collaborated and delivered to surpass client expectation. It will solely be earned if the client has AN overall sensible relationship with the provider. In today’s competitive business marketplace, client satisfaction is a crucial performance exponent and basic discriminator of business methods. Hence, a lot of is client satisfaction; a lot of is that the business and therefore the bonding with client. Customer satisfaction may be a part of customer’s expertise that exposes a supplier’s behaviour on customer’s expectation. It additionally depends on however with efficiency it's managed and the way promptly services square measure provided. This satisfaction can be associated with numerous business aspects like selling, product producing, engineering, quality of merchandise and services, responses customer’s issues and queries, completion of project, post delivery services, grievance management etc. Customer satisfaction is that the overall essence of the impression concerning the provider by the shoppers. This impression that a client makes concerning provider is that the ad of all the method he goes through, right from human action provider before doing any selling to post- delivery choices and services and managing queries or complaints post-delivery. throughout this method the client comes across operating atmosphere of varied departments and therefore the kind of methods concerned within the organization. This helps the client to create robust opinion concerning the provider that finally leads to satisfaction or discontent. Customer’s perception on provider helps the client opt for among the provider on basis of cash worth and the way well the delivered merchandise suits all the wants. The supplier’s services ne'er diminish once the delivery as client seeks high values post selling services that might facilitate them use and customise the delivered product a lot of with efficiency. If he's glad about the post selling services, then their square measure sensible probabilities for provider to retain the shoppers to boost perennial purchases and keep business profits.
  • 19. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 11 It is essentially needed for a company to move and communicate with clients daily to extend customer satisfaction. In these interactions and communications, it's needed to be told and verify all individual client desires and respond consequently. notwithstanding the merchandise square measure identical in competitor markets, satisfaction provides high retention rates. for instance, shoppers and retailers square measure engaged with frequent looking and credit cards to achieve client satisfaction, several high-end retailers additionally give membership cards and discount edges on those cards, so the client stay loyal to them.
  • 20. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 12 1.8 Conclusion Customer satisfaction is talked as a strategic business development tool. Client satisfaction will have a positive result on an organization's gain, happy client’s kind the inspiration of any made business as customer satisfaction ends up in repeat purchasing for, complete loyalty, and positive word of mouth. Happy customers are presumably to share their experiences with individuals to the order of perhaps 5 or six people. Equally well, disgruntled customers are additional seemingly to inform another ten individuals of their unlucky expertise. Analysis has incontestable that even a distinction between a very happy client and a somewhat happy client could lead on to an enlarged profits contribution.
  • 21. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 13 CHAPTER II LITERATURE REVIEW / RELATED STUDIES “A Study on customer Satisfaction Towards Royal Enfield with Special relevance Malappuram District “By the Study entitled “A Study on client Satisfaction Towards Royal Enfield with Special relevance Malappuram District” was undertaken with the target of sorting out customer’s satisfaction level on Royal Enfield bikes. Here adopted appropriate methodology for information assortment and analysis. It’s clear from the study that the foremost customers of Royal Enfield square measure extremely glad in most areas offered by Royal Enfield. And most majorities among the glad customers square measure delighted customers. This study reveals that by method of reducing the lead-time, rising fuel potency, service and advertising and by introducing new models capable to vie with the freshers within the market, Royal Enfield will simply build the total customers into extremely delighted customers. (Mr.Faisal.T, August 2014, pp. 154-166) “A Study on Service Quality in Royal Enfield showroom, Chennai.” This analysis examines service quality satisfactions within the showroom. First, it analyses the speculation regarding service quality conceptualization. Then a modify SERVQUAL instrument is developed and applied to the showroom victimization as subject one amongst the businesses. 5 service dimensions are identified: READINESS dependability, TRUST, COMFORT, SECURITY, and ACCESS. they're examined in terms of their impact of customers' overall quality satisfaction and their temperament to advocate the firm to an admirer. These variables are found to be affected heavily by 2 dimensions: trust and luxury. this investigation's main conclusion is that SERVQUAL could be a smart beginning base to quantify service quality, however it's neither of general nor of direct application. The SERVQUAL instrument would want some changes to suit every scenario. No promoting is required if it merely suggests that discounting. Sell services through quality. (G. Gopalakrishnan, 2018, pp. 94-100)
  • 22. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 14 “A Study on Consumer Perception Towards Two-Wheeler Bikes.” This study is based to identify the consumer satisfaction of bike owners who are using the two-wheeler Bikes at Allahabad, city of Uttar Pradesh. The study concludes that Honda and Bajaj show maximum satisfaction whereas TVS remains last. (Mr. Debasis Tripathy, 2014, pp. 52-58) “A Study on Interactive Marketing Communication Tools and Brand Knowledge with Special Reference to Royal Enfield Bike Owners” It shows us IMC tools such as Mobile app pop-ups, social networking and email marketing have influence on brand knowledge of Royal Enfield bike owners. So, it is concluded that the company must concentrate more on IMC tools in reaching customers. At the same time IMC tools such as Blogs, widgets and tele marketing have no significance influence on brand knowledge of Royal Enfield bike owners. This indicates that these tools are not official and hence miss- leading advertisement creates false image of the advertisement that deviate the minds of the consumers about the Royal Enfield bike. Hence the Royal Enfield company should try to give more appealing advertisement in an authorized way to create the stronger and knowledge about their product to the consumers. (Kumar & Selvi, 2018, pp. 456-465) “A Study on consumer Satisfaction of a particular Branded 2 Wheelers in South Coimbatore.” within the gift era, client is that the Centre purpose of all the selling activities and everyone the players within the market try to carry their place within the minds of the customers. Their satisfaction plays a necessary role for the success of any business. disapproval is around for hundreds of years to spot and differentiate the products and services of 1 producer from those of another. it's the dear assets of a business. The brands like, Hero, TVS, Suzuki, Bajaj, Honda, Mahindra, Royal Enfield and Yamaha are the popular brands within the Two-wheeler industry. during this scenery the study has been undertaken to check the satisfaction level of the shoppers towards chosen branded 2 wheelers in south Coimbatore town. (D.Vijayalakshmi, Kumari, & Deepika, 2015, pp. 260-264)
  • 23. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 15 “Passion to Profits: What Makes Royal Enfield larger Than Harley Davidson?” vital to prosperous turnaround has been a robust and hot leadership with a transparent vision and focus with daring choices to reinvent the corporate in each side to create it a sturdy growth engine. This has been more supported by robust business strategy with consumer initial and complete building to form a traction within the market and distinctive client expertise for motor cycle possession. Company has created a big-time investment to make capabilities in product style, state of the art producing facilities, retail format and best in school world talent from the trade with a transparent focus and long goal. (Todalbagi, 2017, pp. 55-63) “A Study on consumer Satisfaction Level of Royal Enfield Bullet.” This study on client satisfaction is being related to one in every of the leading two-wheeler company the Royal Enfield within the following paragraph a quick note on the matter that has been undertaken because the subject material is explained. during this project report, we are going to resolve the satisfaction level of the Royal Enfield Bullet owner in metropolis town. the matter it's facing within the gift market. This project evaluates the assorted factors that keep the client glad. It additionally evaluates the assorted factors that influence a client to shop for the bullet. whereas choosing a bullet numerous side that has got to run a plan with reference to complete image, Color, Fuel- efficiency, Technology used, etc. A form was designed to conduct a survey and therefore the information thus collected from acceptable respondents was analyzed employing an applied mathematics package known as SPSS and a unidirectional analysis of variance check was done to check the hypothesis. (Ahmed, Ramachandra, & Reddy, 2014, pp. 218-226) “A Study on Factors Influencing Purchase Intention of Consumers Towards Two Wheelers” Purchase intention could be a commit to purchase a decent or service within the future. makers should bear in mind of the acquisition intention of customers to supply and position their product during an extremely competitive market. Two-wheeler automobile market of Bharat is one amongst best market within the world and has emerged into one amongst the most important automobile markets within the world. Purchase intention of customers depends on many factors. This study aims to explore the factors influencing the acquisition intention of customers towards two-wheelers. (Antony & CibyThomas, 2017, pp. 626-631)
  • 24. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 16 “A Study Analyzing the Satisfaction of Youngsters in Making Purchase Decision of Bikes or Scooters in And Around Landran Near Mohali.” The Asian country two-wheeler business has return great distance since its humble starting in 1948 once Bajaj motorcar started commerce and merchandising Vespa Scooters in India. Since then, the client preferences have modified in favor of motorcycles and gearless scooters that score higher on technology, fuel economy and aesthetic attractiveness, at the expense of metal-bodied in gear scooters and mopeds. These changes in client preferences have had a bearing on fortunes of the players. Scooters used to dominate Indian roads a few decades ago. In 1996, their market share fell but still they had almost half of two-wheeler sales while of motorcycles, it stood at around 30per cent. By 2006, the reversal was dramatic. The industry expects an upswing in scooters to about 30 per cent in four or five years which could further scale up to 35 to 40 per cent. Scooters market share is already at 35 per cent in the 'urbanized' states – Karnataka, Maharashtra and Gujarat. Urbanized implies good urban road infrastructure, a significant number of workingwomen etc. (Hoda, 2015, pp. 25-32) “Consumer Satisfaction Towards Two Wheelers Between Hero and Bajaj - A Comparative Study”. This research work is an earnest attempt to know the factors that which influence the public for their preference on using the Bike. All findings and suggestions made during study are supported by the researches during the period of research. It is hoped that the study would highlight the fields of marketing strategy followed by the companies. If the suggestion is implemented, there will be great reward for the project as well as it will be helpful for the automobile industries for their further activities. Today when consumers are more educated and more capable to purchase the luxuries for themselves, and. competition is very high in the market, then if any company wants to stand in the market it is mandatory to analyses the market and consumers time to time. Otherwise It is not easy for the companies to cope up with the challenges of the market. And the two wheelers are playing the more important in every people’s life in India. Therefore, the researcher had an effort to analyze the consumer preference towards the Two Wheelers between Hero and Bajaj a comparative study in Madurai City. (Franklin & Selvi, 2017, pp. 1-6)
  • 25. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 17 CHAPTER III RESEARCH FRAMEWORK 3.1 Research Design Research design adopted for this research is “Descriptive Research”. The data was collected through web link. It includes surveys and fact-finding enquiries of different kinds. The major purpose of descriptive research is description of the as it exists at present. 3.2 Research Methodology This research is an empirical paper which has been written after doing an exhaustive literature review of several similar papers. A primary and descriptive research was done with a sample size of 100 customers using the random sampling technique. A structured questionnaire was prepared for data collection and the responses were analysed using SPSS software. The hypothesis was tested using Chi-square test. 3.3 Data collection ❖ Primary Source • The Primary source of collecting data for research is Structured, standardized questionnaire for customers of Royal Enfield bullet bike. • Research Technique: In this study the survey method is used as a research technique. This method helps to obtain right information from respondents.
  • 26. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 18 ❖ Secondary source In this study the secondary data is collected from the following sources. 1. Company website 2. Research Papers 3. Reports of the Company 4. Magazines of the Company 5. Books on Marketing and Research methodology 3.4Sampling Technique / Procedure Survey area chose as a district Sangli. Sample size was taking as One Hundred respondents and the sample units are customers. Type of research used is descriptive research the main research tool was questionnaire and the type of data was primary and secondary data.
  • 27. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 19 CHAPTER IV FINDINGS AND RECOMMENDATIONS 4.1 Data Presentation and Analysis Table No 4.1 Age Age groups Respondents Percentage (%) 20-24 42 42.00% 25-29 32 32.00% 30-35 18 18.00% Above 35 8 8.00% Total 100 100% According to above table 42% Respondents are in age group 20 to 24; 32% Respondents in between 25-29; 18% were in 30-35; 8% in above 35 years old. It is inferred that most of the royal Enfield users are youths and Adults are generally not preferring Royal Enfield bike. Graph No: - 4.1 42% 32% 18% 8% Age groups 20-24 25-29 30-35 Above 35
  • 28. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 20 Table No 4.2 Gender Gender Respondents Percentage (%) Male 95 95.00% Female 5 5.00% Other 0 0% Total 100 100% According to above table out of 100 Respondents, 95% were Male, where as 5% were Female. It is inferred that majority males are customers of Royal Enfield Bike and only some girls are using it. Graph No: - 4. 2 95 5 0 MALE FEMALE OTHER Gender No of Respondents
  • 29. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 21 Table No 4.3 Occupation Occupation Respondents Percentage (%) Student 44 44.00% Govt. Servant 7 7.00% Ex- Serviceman 4 4.00% Professional 20 20.00% Self-Employed 23 23.00% Other 2 2.00% Total 100 100% According to (A) table 44% Respondents were Students; 7% Respondents were Govt. servents; 4% were Ex-serviceman; 20% were Professionals; 23%were Self employed and 2% respondents doing other jobs.Majoriy of students are owning Royal Enfield and the main reason is it shows stongness, other professionals are less as compare to students. Graph No: - 4. 3 44 7 4 20 23 2 0 5 10 15 20 25 30 35 40 45 50 STUDENT GOVT. SERVANT EX- SERVICEMAN PROFESSIONAL SELF-EMPLOYED OTHER Occupation
  • 30. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 22 Table No 4.4 Which model of Royal Enfield do you presently own? Product Respondents Percentage (%) Classic 350 23 23.00% Classic 500 7 7.00% Bullet Electra 8 8.00% Thunderbird 500 11 11.00% Thunderbird 350 16 16.00% Bullet 500 10 10.00% Bullet 350 4 4.00% Classic Chrome 4 4.00% Classic Desert Storm 5 5.00% Classic Battle Green 6 6.00% Bullet Machismo 3 3.00% Continental GT 3 3.00% Total 100 100% According to (B) table 23% Respondents are using bullet classic 350 which is highest number after that 16% Respondents are using Thunderbird 350 and other models of bullet having less users in the district.It is inferred that Classic 350 is favorite among the customers and other models are unable to attract customers.
  • 31. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 23 Graph No 4.4 23 7 8 11 16 10 4 4 5 6 3 3 0 5 10 15 20 25 CLASSIC 350 CLASSIC 500 BULLET ELECTRA THUNDERBIRD 500 THUNDERBIRD 350 BULLET 500 BULLET 350 CLASSIC CHROME CLASSIC DESERT STORM CLASSIC BATTLE GREEN BULLET MACHISMO CONTINENTAL GT
  • 32. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 24 Table No 4.5 How you rate for your satisfaction level with respect to after sales service of your Royal Enfield bike? Satisfaction level Respondents Percentage (%) Highly Satisfied 22 22.00% Satisfied 47 47.00% Dissatisfied 31 31.00% Total 100 100% According to (B) table 22% respondents are Highly Satisfied, 47% of them are satisfied, while 31% of them are dissatisfied with the after sales service of their Royal Enfield bike. It is inferred that a smaller number of respondents are satisfied with after sale service of Royal Enfield. Graph No 4. 5 22% 47% 31% Satisfaction level Highly Satisfied Satisfied Dissatisfied
  • 33. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 25 Table No 4.6 Do you agree that company acts towards the complaints lodged by the customers? Company acts towards the complaints Respondents Percentage (%) Yes 66 66.00% No 18 18.00% Can't Say 16 16.00% Total 100 100% According to (B) table 66% respondents are of the view that, agree that company acts towards the complaints lodged by the customers, 18% of them are not agree with this statement, while 16% of them can’t say anything. Most of the customer says that the company act towards complaint lodged by customers. Graph No 4.6 66% 18% 16% Company acts towards the complaints Yes No Can't Say
  • 34. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 26 Table No 4.7 What is the rate of fuel consumption for Royal Enfield Bike? Rate of fuel consumption Respondents Percentage (%) Low 31 31.00% Average 50 50.00% High 19 19.00% Total 100 100% According to (B) table 50% respondents are of the view that, Royal Enfield bike has average fuel consumption rate, 31% of them are saying that the fuel consumption rate is low, while 19% of them are of the view that it has high fuel consumption rate. It is inferred that half of the respondents feel that the fuel consumption is average as compare to other bikes. Graph No 4. 7 31% 50% 19% Rate of fuel consumption Low Average High
  • 35. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 27 Table No 4.8 Are you satisfied with the bike’s mileage? Satisfied with the bike’s mileage? Respondents Percentage (%) Yes 28 28.00% No 36 36.00% Can't say 36 36.00% Total 100 100% According to (B) table 28% respondents are satisfied with the bike’s mileage, 36% of them are not agree with this statement, while 36% of them can’t say anything. It is inferred that customers are not fully satisfied with the mileage of Royal Enfield bike. Graph No 4.8 28% 36% 36% Satisfied with the bikes mileage? Yes No Can't say
  • 36. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 28 Table No 4.9 Will you easily get spare parts of Royal Enfield in Market? Availability of spare parts Respondents Percentage (%) Yes 43 43.00% No 37 37.00% Can't Say 20 20.00% Total 100 100% According to (B) table 43% respondents are of the view that, they easily get spare parts of bike in the market, 37% of them are not agree with this statement, while 20% of them can’t say anything. Most of the respondents feel that the parts of Royal Enfield are available in the market, there is no any shortage kind of situation. Graph No 4.9 43% 37% 20% Availability of spare parts Yes No Can't Say
  • 37. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 29 Table No 4.10 When it comes to comfort and convenience, the Royal Enfield Bike is… Comfort and convenience Respondents Percentage (%) Very Comfortable 39 39.00% Average 35 35.00% Not Comfortable 26 26.00% Total 100 100% According to (B) table 39% respondents are of the view that, Royal Enfield bike is very comfortable and convenient for them, 35% of them are saying that comfort is average, while 26% says that bike is not comfortable and convenient. It is inferred that Royal Enfield bike is more comfortable as compare to other sport bikes. Graph No 4.10 39% 35% 26% Comfort and convenience Very Comfortable Average Not Comfortable
  • 38. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 30 Table No 4.11 Are you satisfied with the performance of the bike? Satisfaction with the performance Respondents Percentage (%) Highly Satisfied 25 25.00% Satisfied 45 45.00% Dissatisfied 30 30.00% Total 100 100% According to (B) table 25% respondents are Highly Satisfied, 45% of them are satisfied, while 30% of them are dissatisfied with the performance of Royal Enfield bike. There is fewer number of respondents who highly satisfied with the performance of Royal Enfield. Most of the customer are not fully satisfied with the performance of bike. Graph No 4.11 25% 45% 30% Satisfaction with the performance Highly Satisfied Satisfied Dissatisfied
  • 39. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 31 Table No 4.12 What is the one thing you want to improve in bike? Want to improve Respondents Percentage (%) Speed 16 16.00% Mileage 43 43.00% Look 28 28.00% No need to Change 13 13.00% Total 100 100% According to (B) table 16% respondents says that company should improve speed of bike, 43% says mileage, 28% says look and 13% says that there is no need to change in bike. It is inferred that maximum number of customers are want more fuel-efficient bike. They suggested improvement in mileage. Graph No 4.12 16% 43% 28% 13% Want to improve Speed Mileage Look No need to Change
  • 40. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 32 Table No 4.13 According to your opinion what can be done to improve Royal Enfield Bikes’ sales in local markets? What can be done to improve sales Respondents Percentage (%) Advertise more 11 11.00% Provide better service 22 22.00% Improve quality 24 24.00% Should reduce prices 34 34.00% No need to improve 9 9.00% Total 100 100% According to (B) table 11% respondents says that company should advertise more, 22% says that company should provide better service, 24% says improve quality, 34% says that company should reduce the price of the product and 9% says that there is no need to change for growing sales in local market. Most of the respondents think that company should reduce prices of its products as well as improve quality of the bikes. Graph No 4.13 11 22 24 34 9 0 5 10 15 20 25 30 35 40 ADVERTISE MORE PROVIDE BETTER SERVICE IMPROVE QUALITY SHOULD REDUCE PRICES NO NEED TO IMPROVE What can be done to improve sales No of Respondents
  • 41. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 33 Table No 4.14 Overall satisfaction level has derived as expected from Royal Enfield Bike? Overall satisfaction Respondents Percentage (%) Detractors 60 60.00% Passives 28 28.00% Promoters 12 12.00% Total 100 100% According to (B) table and graph no. 4.11, 60% respondents are Detractors, 28% of them are Passives, while 12% of them are Promoters of Royal Enfield bikes. It is inferred that most of the customers are not fully satisfied with the Royal Enfield bike. They want more from the Royal Enfield. Graph No 4. 14 60% 28% 12% Overall satisfaction Detractors Passives Promoters
  • 42. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 34 HYPOTHESIS TESTING Analysis Rate of fuel consumption * satisfaction with the bike’s mileage CROSSTABULATION satisfaction with the bike’s mileage Total Yes No Can’t Say Rate of fuel consumption Low Count 0 31 0 31 Expected Count 8.4 11.2 11.5 31.0 Average Count 14 5 30 49 Expected Count 13.2 17.6 18.1 49.0 High Count 13 0 7 20 Expected Count 5.4 7.2 7.4 20.0 Total Count 27 36 37 100 Expected Count 27.0 36.0 37.0 100.0 Chi-Square Tests Value df Asymptotic Sig. (2- sided) Pearson Chi-Square 89.903a 4 .000 Likelihood Ratio 104.601 4 .000 N of Valid Cases 100 a. 0 cells (.0%) have expected count less than 5. The minimum expected count is 5.40.
  • 43. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 35 Result P-Value (.000) is less than 0.05 signifies that there is an association between the fuel consumption of Royal Enfield and satisfaction of the buyers and therefore we reject the null hypothesis. At 5 % significance level, we can reject the Null Hypothesis.
  • 44. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 36 4.2 Data Interpretations and findings 1. It is inferred that most of the royal Enfield users are youths and Adults are generally not preferring Royal Enfield bike. (Table No. 4.1 A) 2. It is inferred that majority males are customers of Royal Enfield Bike and only some girls are using it. (Table No. 4.2 A) 3. Majoriy of students are owning Royal Enfield and the main reason is it shows strongness,other professionals are less as compare to students. (Table No. 4.3 A) 4. It is inferred that Classic 350 is favorite among the customers and other models are unable to attract customers. (Table No. 4.1 B) 5. It is inferred that a smaller number of respondents are satisfied with after sale service of Royal Enfield. (Table No. 4.2 B) 6. Most of the customer says that the company act towards complaint lodged by customers. (Table No. 4.3 B) 7. It is inferred that half of the respondents feel that the fuel consumption is average as compare to other bikes. (Table No. 4.4 B) 8. It is inferred that customers are not fully satisfied with the mileage of Royal Enfield bike. (Table No. 4.5 B) 9. Most of the respondents feel that the parts of Royal Enfield are available in the market, there is no any shortage kind of situation. (Table No. 4.6 B) 10. It is inferred that Royal Enfield bike is more comfortable as compare to other sport bikes. (Table No. 4.7 B) 11. There is fewer number of respondents who highly satisfied with the performance of Royal Enfield. Most of the customer are not fully satisfied with the performance of bike. (Table No. 4.8 B) 12. It is inferred that maximum number of customers are want more fuel-efficient bike. They suggested improvement in mileage. (Table No. 4.9 B) 13. Most of the respondents think that company should reduce prices of its products as well as improve quality of the bikes. (Table No. 4.10 B) 14. It is inferred that most of the customers are not fully satisfied with the Royal Enfield bike. They want more from the Royal Enfield. (Table No. 4.11 B)
  • 45. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 37 4.3 Conclusion The study has helped Royal Enfield bullet dealers to understands whether the purchasers are happy aren't. If not, what are the most reason for discontent of client to the dealers and what are all the ways in which to recover the satisfaction level of client towards dealer that's once sale service. come back to accomplish younger generation and time of life are additional fascinated by Royal Enfield Bullet, the shopping for behaviour is ruled preponderantly by the requirement for power and respect for the long-lasting whole and users are largely skilled males, 20-35 years getting on, together with some students. Most of the purchasers are drawn to new unharness classic 350/500, additionally customers are simply buying the value of Royal Enfield bike and customers are terribly loyal towards the whole Royal Enfield bullet. Royal Enfield ought to specialise in its effort to succeed in the client the millage of Royal Enfield Bullet Bikes is extremely economical and most of them like better to purchase their Bike fresh from salesroom with the spare components obtainable in market simply. Royal Enfield Bullet includes a satisfaction with within the client for its sound, comfort, and safety. In last conclude that majority of respondents said that They are satisfied with the bike’s performance, but company should focus on the reduction of the price of the bikes and investigate the improvement in after sale service of bikes. The fuel consumption is also high as per respondents’ point of view. Finally, we can say that customers in local market are not fully satisfied with the Royal Enfield bike
  • 46. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 38 4.4 Recommendation After analysing the findings, the following Recommendation have been prepared. Great care has been taken in making these Recommendation for the improvement of consumer’s opinion. • A clear majority of the respondents felt the after-sale service of bikes should be changed to attract the customers. • Some of the respondents had suggested improving the mileage of Bikes. • A considerable number of respondents opined that there is a need to improve the technology of Royal Enfield bikes like bike should have digital meter. • The bikes recently introduced by Royal Enfield are mostly concerned about youth. So, they should also consider middle-aged people while manufacturing. • Some of the respondents felt that the price of Royal Enfield bike is high, and it should be decreased to attract more customers
  • 47. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 39 4.5 Limitations and Scope for further studies ❖ Limitations 1. Any study on Customer satisfaction of a section of the society essentially attempts to probe the respondent's mind. Such studies rely heavily on the understanding of questions by the respondents, the time that they invest to respond and the correctness of their responses. 2. Only people from urban and semi-urban areas were considered for the survey. Rural people were omitted for its wide geographical spread, practical difficulties, as also widening of the scope of the study. 3. The sample size of 100 was selected to represent the customers of Sangli District. Since the number of respondents surveyed had to be limited considering the time and cost involved, a larger sample size was not possible. Hence the limitation attributed to sample sizes in any survey involving statistical analysis would be applicable to this study also. 4. As the respondents were spread over throughout Sangli District, it was not possible for the researcher to contact the respondents (again and again) personally to rectify some omissions and commissions. ❖ Scope for further study The study on customer satisfaction in Sangli District consisted of the above 20 years Customers in Sangli District and residing in urban and semi urban areas. 1. Youth in rural areas could be the target respondents and their satisfaction could be studied. 2. A study of buying habits of youth in some other state could also be carried out. 3. The age group could include 18-20 years old respondents too.
  • 48. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 40 Bibliography Ahmed, M. A., Ramachandra, D. M., & Reddy, M. S. (2014). A STUDY ON CUSTOMER SATISFACTION LEVEL OF ROYAL ENFIELD BULLET. International Journal of Business and Administration Research Review. Antony, J., & CibyThomas, D. (2017). A STUDY ON FACTORS INFLUENCING PURCHASE INTENTION OF CONSUMERS TOWARDS TWO WHEELERS . International Journal of Advance Engineering and Research Development . D.Vijayalakshmi, Kumari, M. S., & Deepika, S. (2015). A study on customer satisfaction of a selected branded two wheelers in south Coimbatore . International Journal of Multidisciplinary Research and Development , 260-264. Franklin, D. L., & Selvi, C. T. (2017). Consumer Satisfaction towards Two Wheelers between Hero and Bajaj - A Comparative Study . The International Journal of Scientific and Engineering Research. G. Gopalakrishnan, R. R. (2018). A STUDY ON SERVICE QUALITY IN ROYAL ENFIELD SHOWROOM, CHENNAI . INTERNATIONAL JOURNAL OF CURRENT ENGINEERING AND SCIENTIFIC RESEARCH (IJCESR) , 7. Hoda, D. C. (2015). A Study Analysing the Perception of Youngsters in Making Purchase Decision of Bikes or Scooters In and Around Landran near Mohali . Biz and Bytes . Kumar, P., & Selvi, D. J. (2018). A Study on Interactive Marketing Communication Tools and Brand knowledge with Special reference to Royal Enfield bike owners. . International Research Journal of Management and Commerce , 456-465. Mr. Debasis Tripathy, D. R. (2014). A STUDY ON CONSUMER PERCEPTION TOWARDS TWO WHEELER BIKES . International Research Journal of Management Science & Technology , 52- 58. Mr.Faisal.T, R. S.-P. (August 2014). “A Study On Customer Satisfaction Towards Royal Enfield With Special Reference To Malappuram District”. Asia Pacific Journal of Research, 13. Todalbagi, R. (2017). Passion to Profits: What Makes Royal Enfield Bigger than Harley Davidson? . SDMIMD Journal of Management.
  • 49. M.B.A Program 2017-19 D.M.S R.I.T, Rajaramnagar Page 41 References • https://www.royalenfield.com/ • http://www.ijbarr.com/downloads/2014/vol1-issue2/17.pdf • http://www.ijaerd.com/papers/finished_papers/A%20STUDY%20ON%20FACTORS%20INFLU ENCING%20PURCHASE%20INTENTION%20OF%20CONSUMERS%20TOWARDS%20T WO%20WHEELERS-IJAERDV04I0588050n.pdf • https://www.journalajst.com/sites/default/files/4834.pdf • http://www.academia.edu/3655671/COMPARATIVE_STUDY_OF_CUSTOMER_SATISFACT ION_TOWARD_PERFORMANCE_OF_HERO_HONDA_TVS_AND_BAJAJ_BIKES_By_Des hraj_Singh • http://troindia.in/journal/ijcesr/vol5iss4part8/94-100.pdf • http://cbsmohali.org/img/A%20Study%20Analysing%20the%20Perception%20of%20Youngsters %20in%20Making%20Purchase.pdf • http://www.academia.edu/4932300/A_STUDY_ON_CONSUMER_BUYING_BEHAVIOR_TO WARDS_TWO_WHEELER_BIKES_IN_CONTEXT_TO_INDIAN_MARKET • http://apjor.com/downloads/1109201415.pdf • http://apjor.com/downloads/1109201415.pdf
  • 50. ANNEXURE QUESTIONNAIRE Consumer Satisfaction Toward Bike Of Royal Enfield 1. Name 2. Age  20-24  25-29  30-35  Above 35 3. Gender  Male  Female  Other 4. Occupation  Student  Govt. Servant  Ex- Serviceman  Professional  Self-Employed  Other 5. Which model of Royal Enfield do you presently own?  Classic 350  Classic 500  Bullet Electra  Thunderbird 500  Thunderbird 350  Bullet 500  Bullet 350  Classic Chrome  Classic Desert Storm
  • 51.  Classic Battle Green  Bullet Machismo  Continental GT 6. How you rate for your satisfaction level with respect to after sales service of your Royal Enfield bike?  Highly Satisfied  Satisfied  Dissatisfied 7. Do you agree that company acts towards the complaints lodged by the customers?  Yes  No  Can't Say 8. What is the rate of fuel consumption for Royal Enfield Bike?  Low  Average  High 9. Are you satisfied with the bike’s mileage?  Yes  No  Can't say 10. Will you easily get spare parts of Royal Enfield in Market?  Yes  No  Can't Say 11. When it comes to comfort and convenience, the Royal Enfield Bike is...  Very Comfortable  Average  Not Comfortable 12. Are you satisfied with the performance of the bike?  Highly Satisfied  Satisfied  Dissatisfied
  • 52. 13. What is the one thing you want to improve in bike?  Speed  Mileage  Look  No need to Change 14. According to your opinion what can be done to improve Royal Enfield Bikes’ sales in local markets?  Advertise more  Provide better service  Improve quality  Should reduce prices  No need to improve 15. Overall satisfaction level has derived as expected from Royal Enfield Bike? Highly Dissatisfied Delighted 0 1 2 3 4 5 6 7 8 9 10