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Royal Enfield

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Brand Analysis : Royal Enfield

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Royal Enfield

  1. 1. PRESENTATION BY-  BALASUBRAMANIAN VK-17020343034  SHASHIKANT D V-17020343035
  2. 2. HISTORY  ROYAL ENFIELD FIRST STARTED AS ENFIELD MANUFACTURING COMPANY LTD WAS REGISTERED TO MANUFACTURE BICYCLES IN REDDITCH, UK IN 1893.  FOUNDED BY ROBERT WALKER SMITH AND ALBERT EADIE.  ROYAL ENFIELD GAINED POPULARITY FROM THE YEAR 1955 WHEN INDIAN GOVERNMENT ORDERED 800 OF THEIR BULLET 350CC MODELS FOR PATROLLING THE INDIAN BORDERS.  COLLABORATION BETWEEN ROYAL ENFIELD AND ERSTWHILE MADRAS MOTORS LED TO ‘ROYAL ENFIELD INDIA’.  ROYAL ENFIELD IS CONSIDERED THE OLDEST MOTORCYCLE BRAND IN THE WORLD, SPANNING 3 CENTURIES AND STILL IN PRODUCTION WITH THE BULLET MODEL ENJOYING THE LONGEST MOTORCYCLE PRODUCTION RUN OF ALL TIME.
  3. 3. RECENT NEWS  ROYAL ENFIELD'S PARENT COMPANY EICHER MOTORS HAS SHOWN INTEREST IN THE PURCHASE OF ICONIC ITALIAN MOTORCYCLE BRAND DUCATI.  THEY CLEARED THE FIRST ROUND OF BIDDING AND LIKELY TO PLACE AN OFFER BETWEEN $1.8-2 BILLION FOR DUCATI.  ‘ROYAL ENFIELD TWIN-CYLINDER MOTORCYCLE TO DEBUT AT EICMA’  SPECULATIONS REVEAL A PARALLEL-TWIN CYLINDER ENGINE, WHICH HAS BEEN UNDER DEVELOPMENT.  ROYAL ENFIELD ENTERS US AND BRAZILIAN MARKETS’.  ROYAL ENFIELD BECOMES THE MOST VALUABLE BIKE MAKER IN INDIA, OVERTAKING BAJAJ AND HERO MOTORS IN TERMS OF MARKET CAPITALIZATION.
  4. 4. Industry Analysis  Indian motorcycle industry is the largest in the world with an annual production of over 2.3 million units, overtaking China.  The total market size of the automobile industry is RS 540 billion rupees and has been growing at 8% per annum.  In the last 4 to 5 years, the two wheeler segment has driven the overall volume growth on the account of spurt of sales in motorcycles.  The country is now the second largest producer of two wheelers in the world  In all, over 6.6 lakh Royal Enfield motorcycles were sold across the world in 2016-17. The company is planning to ramp up its production to nearly 900,000 motorcycles by the end of 2018.
  5. 5. Competitor Analysis BajajDominar400  The Bajaj Dominar 400 was launched in India as the most powerful motorcycle from Bajaj Auto on December 15 2016.  Bajaj has positioned it slap bang in Royal Enfield territory  It is powered by a 373 cc, single-cylinder 4 stroke engine based on the KTM 390 Duke. The engine is tuned to make 34.5 bhp of power and 35 Nm of peak torque.
  6. 6. Enfield 350 VS Dominar400
  7. 7. KTM 390 DUKE:  KTM 390 was launched in India in November 2016 and is priced at Rs.2.2 lakh, the KTM 390 DUKE breathes life into values that have made motorcycling so amazing for decades.  The Duke 390, in addition to being much faster than the Classic, also comes with ABS system which prevents the wheel from locking- up in times of hard braking.
  8. 8. SWOT ANALYSIS
  9. 9. Segmentation, Target and Positioning(STP) Segmentation:  RE has a niche segment and is classified as a leisure and adventure cruiser bike in the Tier-I &Tier-II Cities.  In Tier-3 markets it is associated with the social/status symbol.  It is considered as a powerful motorcycle for bike adventurers.  The vehicle is considered more as a lifestyle brand. Targeting:  It is targeting Bikers in the age group of 25-45 years of age, and are working executives primarily looking for.  A leisure bike  A cruiser bike
  10. 10. Marketing MIX Place:  The market of Royal Enfield can be divided basically into two segments  Big Cities/Metropolitans: Tier1 &Tier 2 Cities  Small Cities: Tier 3 &DH (District Headquarters) Promotion:  Promotion done through Adventure magazines, Auto and biking magazines and local print media.  Sticks to the Vintage and Macho appeal it brings in all its promotions.  Offers Adventure Rides to the existing and future customers.
  11. 11. Marketing MIX(Continued) Price:  In India the pricing of the motorcycle is more towards premium segment. It is perceived as an aspirational brand. Customer’s Perceived Value
  12. 12. Royal Enfield Market Share The above pie chart describes the consolidated market share of the Indian motorcycle companies for FY 2016-17. Royal Enfield holds 4.69% percent market share indicating robust sales for the year 2016-17.
  13. 13. Royal Enfield Sales Report  Royal Enfield’s sales growth of 25 percent in May 2017 was led by motorcycles with engine capacity of up to 350cc that dominate its bike business that grew by 29 percent with sales of 43,217 units.
  14. 14. Market Share Trends (Market share month-on-month) The bar graph displayed above indicates the market share trend of Royal Enfield over the period March ’16-March ‘17
  15. 15. Sales  Sales of motorcycles in the premium category (those with an engine displacement of 150cc and above) surged to 1.7 million units in FY 2016-17 of which 1.5 million units in 2015-16, making it the fastest-growing segment in the market  350-500 cc bike sale is 1.7 million out of 17 million total bike sale across India(Approx-10% - of the total segment).  However, two wheeler industry registered sales at a growth rate of 6.89 percent during FY 2017 over FY 2016 to register sales of 17 million.  The following graph displays the total sales of the two wheelers in India for the FY 2016-17.  The Royal Enfield Bullet (350 cc, 500 cc) and Classic models (350 cc,500 cc) of motorcycles operate in the 350 cc – 500 cc segment and 500 cc plus segment respectively in the Indian motorcycle industry. This segment is unique as it was originally created by the Bullet series of motorcycles when they were first launched in India
  16. 16. Sales (Consolidated sales of 2 wheelers for the year 2016-17)
  17. 17. Segment Sales Analysis Consolidated sales in 350cc-500cc segment and 500 cc+ segment for FY 2016-17)
  18. 18. CLASSIC 350 AND 500 • CUBIC CAPACITY = 350 CC AND 500 CC • AMONG THE MOST POPULAR BIKES FROM THE ROYAL ENFIELD STABLE.
  19. 19. BULLET 350 AND 500 • HAVING REMAINED IN PRODUCTION SINCE 1932, IT BOASTS THE LONGEST PRODUCTION RUN OF ANY MOTORCYCLE. • IT SHARES THE SAME CUBIC CAPACITY, ENGINE BLOCK AND CHASSIS WITH THE CLASSIC 350. • A LONG WHEELBASE AND BIGGER TIRES PROVIDE INCREASED STABILITY AND ROAD GRIP MAKING IT IDEAL FOR LONG DISTANCE TRAVEL.
  20. 20. HIMALAYAN • THE HIMALAYAN IS ROYAL ENFIELD’S FIRST PROPER ADVENTURE TOURER BUILT WITH A 410 CC ENGINE SIMILAR TO THE BULLET AND THE CLASSIC ENGINES. • IT ALSO FEATURES MODERN TECHNOLOGY LIKE MONO-SHOCK REAR SUSPENSION TO POPULARIZE ADVENTURE BIKING IN INDIA.
  21. 21. Royal Enfield Thunderbird 350 and 500:  The Thunderbird 350 is a traditional cruiser and is among the most beautiful offering from Royal Enfield.  It features a projector headlamp, hazard lamps and an LED tail light.
  22. 22. Royal Enfield Continental GT  The Continental GT is Royal Enfield’s lightest and most powerful production motorcycle currently on sale in India.  It debuts a cafe-race and also powered by a 535cc fuel-injected engine.  The chassis provides the motorcycle with optimal stiffness.  It also features clip-on handlebars to improve riding balance and handling.
  23. 23. Product differentiation  Customer’s social and psychological needs.  Royal Enfield believes it is in the business of selling lifestyle, not transportation.  Creating customer value by sponsoring various adventure activities, owner’s club activities.  RE has come up with an unique initiative of Royal Enfield Driving Program for both Men& women to train them to ride a motorcycle from the very basic to all its enthusiasts and pillion riders who want become a ‘rider’ in the true sense of the word.
  24. 24. Product differentiation (Contd)  Royal Enfield has been associated with leisure and adventure motorcycling and under the various initiatives.  ‘Rider Mania’ and ‘India Bull Rider’ are such initiatives which bring the bike enthusiasts closer to this aspect.  Tour rides primarily segregated into the Marquee rides and events conducted at a national level and subsequently into the regional rides conducted through the regional showrooms.
  25. 25. Market Segmentation  Differentiation: The Indian automotive industry has sub-segmented the motorcycle in terms of vehicle pricing, power and mileage. Sub-Segmentation of Motor Cycles on Basis of Pricing  Economy: Priced at RS. 50000- RS.70000 [100cc - 125 cc]  Executive: Priced at RS. 70000- RS.85000 [125cc – 150cc]  Premium: Priced at RS. 85,000 and above. [150 cc+] The premium segment is further sub divided into various segments:  150 cc-200 cc.  200 cc – 350cc segment.  350 cc – 500cc segment.  500 cc + segment.
  26. 26. PRODUCT MARKETING STRATEGY
  27. 27. BRANDING THROUGH SOCIAL MEDIA
  28. 28. Marketing Strategy
  29. 29. Distribution Strategy  Royal Enfield distributes its motorcycles only through who act as distributers of motorbikes in a specified area which acts as producer to dealer channel.  Distribution Merchandise  Available in all branded Royal Enfield stores, RE followed the promotion strategy first initiated by Harley Davidson motorcycles. The various bikers merchandise available such as helmets, gloves,jackets,boots,belts, protective gear etc.
  30. 30. Conclusion  The presentation objectively explains the rise of Royal Enfield from a brand on the brink of extinction to the most aspirational motorcycle brand in India.  It also highlights the segment under which the bike is positioned, describes its closest competitors and where RE holds value vis-à-vis Bajaj and KTM.  It shows the company’s ambition to further go upmarket by entering the 750cc+ segment to augment its declining market share in the 350cc+ segment.  Royal Enfield’s strategic acquisition plan of Ducati will counter Bajaj’s ‘Triumph’ acquisition and also set a platform to launch the brand into a global league.
  31. 31. References  www.autocarindia.com  www.auto.economictimes.com  www.siamindia.com  www.//royalenfield.com  www.//en.wikipedia.org

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