- The luxury car segment in India is growing at over 15% annually, driven by rapid economic growth that has created a new wealthy class demanding luxury goods.
- While luxury cars still make up a small portion (3%) of total car sales in India, cities like Delhi and Mumbai account for around half of luxury car sales.
- German luxury automakers Mercedes-Benz, Audi, and BMW are the main competitors in this growing market. They are using aggressive marketing strategies like exclusive test drive events, social media campaigns, and celebrity endorsements to target younger Indian consumers and gain market share.
This is a presentation on mercedes-benz.It has the histrory of mercedes , why it became popular and who are the target audience of mercedes in india and their upcoming models in india.
This is a presentation on mercedes-benz.It has the histrory of mercedes , why it became popular and who are the target audience of mercedes in india and their upcoming models in india.
its all about about mercedes and its introduction and the marketing policies adopted, cocept of marketing mix, adopted by mercedes,product, promotion, price, place, process, people, physical evidence
An end-to-end analysis of Audi's branding and marketing strategies. The analysis focuses on the company's launch, history, brand evolution, and efficiency in capturing customer loyalty. Future branding and corporate strategies are also evaluated against the current regime as a comparison to competitors within the market.
its all about about mercedes and its introduction and the marketing policies adopted, cocept of marketing mix, adopted by mercedes,product, promotion, price, place, process, people, physical evidence
An end-to-end analysis of Audi's branding and marketing strategies. The analysis focuses on the company's launch, history, brand evolution, and efficiency in capturing customer loyalty. Future branding and corporate strategies are also evaluated against the current regime as a comparison to competitors within the market.
This is a minute assumed as 2 presiding officer. (dont know exactly what we should call it *presiding* coz there is only 1 presiding officer iin a meeting)
Case Study: Social Media Strategy @ Mercedes Benz – Targeting young Customers...Rajesh Prabhakar
Mercedes Benz has been actively engaging with customers and prospective customers particularly younger generation customers as part of its marketing and sales strategy "Mercedes-Benz 2020 - Best Customer Experience".
In the Year of the Horse, there is no letting up in China’s passion for luxury horsepower. Despite concerns over economic slowdowns and government regulations, the number of new manufacturers and new models competing in this sector continues to grow.
In ‘Auto insights: the luxe edition’, we’ll take you on a tour of the high-end of the auto market and the changing meaning of luxury itself, including:
2015 China Auto Marketing and Communication ReviewHavas
Since 2002, China has been the fastest growing automotive industry in the world. Numerous international
carmakers collaborate with Chinese counterparts to participate in the atrocious race on performances and
technologies, hoping to secure a larger share in this lucrative market. Facing the growing governmental
restrictions and the shrinking market demand, it is time for carmakers to enter the pit for strategic
adjustments and to get ready for the next race to begin.
As a leading global automotive marketing agency, Havas Worldwide has assisted
many international and Chinese carmakers to grow steadily and rapidly in China. In this report, we have
forecasted the 2015 trend in Chinese automotive industry based on our professional insights from market
and communication in 2014. As the first agency to devise trend forecasts exclusively for the automotive
industry, we wish to assist carmakers to get ready and win the next race.
Why Is Your BMW X3 Hood Not Responding To Release CommandsDart Auto
Experiencing difficulty opening your BMW X3's hood? This guide explores potential issues like mechanical obstruction, hood release mechanism failure, electrical problems, and emergency release malfunctions. Troubleshooting tips include basic checks, clearing obstructions, applying pressure, and using the emergency release.
𝘼𝙣𝙩𝙞𝙦𝙪𝙚 𝙋𝙡𝙖𝙨𝙩𝙞𝙘 𝙏𝙧𝙖𝙙𝙚𝙧𝙨 𝙞𝙨 𝙫𝙚𝙧𝙮 𝙛𝙖𝙢𝙤𝙪𝙨 𝙛𝙤𝙧 𝙢𝙖𝙣𝙪𝙛𝙖𝙘𝙩𝙪𝙧𝙞𝙣𝙜 𝙩𝙝𝙚𝙞𝙧 𝙥𝙧𝙤𝙙𝙪𝙘𝙩𝙨. 𝙒𝙚 𝙝𝙖𝙫𝙚 𝙖𝙡𝙡 𝙩𝙝𝙚 𝙥𝙡𝙖𝙨𝙩𝙞𝙘 𝙜𝙧𝙖𝙣𝙪𝙡𝙚𝙨 𝙪𝙨𝙚𝙙 𝙞𝙣 𝙖𝙪𝙩𝙤𝙢𝙤𝙩𝙞𝙫𝙚 𝙖𝙣𝙙 𝙖𝙪𝙩𝙤 𝙥𝙖𝙧𝙩𝙨 𝙖𝙣𝙙 𝙖𝙡𝙡 𝙩𝙝𝙚 𝙛𝙖𝙢𝙤𝙪𝙨 𝙘𝙤𝙢𝙥𝙖𝙣𝙞𝙚𝙨 𝙗𝙪𝙮 𝙩𝙝𝙚 𝙜𝙧𝙖𝙣𝙪𝙡𝙚𝙨 𝙛𝙧𝙤𝙢 𝙪𝙨.
Over the 10 years, we have gained a strong foothold in the market due to our range's high quality, competitive prices, and time-lined delivery schedules.
What Exactly Is The Common Rail Direct Injection System & How Does It WorkMotor Cars International
Learn about Common Rail Direct Injection (CRDi) - the revolutionary technology that has made diesel engines more efficient. Explore its workings, advantages like enhanced fuel efficiency and increased power output, along with drawbacks such as complexity and higher initial cost. Compare CRDi with traditional diesel engines and discover why it's the preferred choice for modern engines.
5 Warning Signs Your BMW's Intelligent Battery Sensor Needs AttentionBertini's German Motors
IBS monitors and manages your BMW’s battery performance. If it malfunctions, you will have to deal with an array of electrical issues in your vehicle. Recognize warning signs like dimming headlights, frequent battery replacements, and electrical malfunctions to address potential IBS issues promptly.
Things to remember while upgrading the brakes of your carjennifermiller8137
Upgrading the brakes of your car? Keep these things in mind before doing so. Additionally, start using an OBD 2 GPS tracker so that you never miss a vehicle maintenance appointment. On top of this, a car GPS tracker will also let you master good driving habits that will let you increase the operational life of your car’s brakes.
"Trans Failsafe Prog" on your BMW X5 indicates potential transmission issues requiring immediate action. This safety feature activates in response to abnormalities like low fluid levels, leaks, faulty sensors, electrical or mechanical failures, and overheating.
What Does the Active Steering Malfunction Warning Mean for Your BMWTanner Motors
Discover the reasons why your BMW’s Active Steering malfunction warning might come on. From electrical glitches to mechanical failures and software anomalies, addressing these promptly with professional inspection and maintenance ensures continued safety and performance on the road, maintaining the integrity of your driving experience.
What Does the PARKTRONIC Inoperative, See Owner's Manual Message Mean for You...Autohaus Service and Sales
Learn what "PARKTRONIC Inoperative, See Owner's Manual" means for your Mercedes-Benz. This message indicates a malfunction in the parking assistance system, potentially due to sensor issues or electrical faults. Prompt attention is crucial to ensure safety and functionality. Follow steps outlined for diagnosis and repair in the owner's manual.
Symptoms like intermittent starting and key recognition errors signal potential problems with your Mercedes’ EIS. Use diagnostic steps like error code checks and spare key tests. Professional diagnosis and solutions like EIS replacement ensure safe driving. Consult a qualified technician for accurate diagnosis and repair.
In this presentation, we have discussed a very important feature of BMW X5 cars… the Comfort Access. Things that can significantly limit its functionality. And things that you can try to restore the functionality of such a convenient feature of your vehicle.
Core technology of Hyundai Motor Group's EV platform 'E-GMP'Hyundai Motor Group
What’s the force behind Hyundai Motor Group's EV performance and quality?
Maximized driving performance and quick charging time through high-density battery pack and fast charging technology and applicable to various vehicle types!
Discover more about Hyundai Motor Group’s EV platform ‘E-GMP’!
Comprehensive program for Agricultural Finance, the Automotive Sector, and Empowerment . We will define the full scope and provide a detailed two-week plan for identifying strategic partners in each area within Limpopo, including target areas.:
1. Agricultural : Supporting Primary and Secondary Agriculture
• Scope: Provide support solutions to enhance agricultural productivity and sustainability.
• Target Areas: Polokwane, Tzaneen, Thohoyandou, Makhado, and Giyani.
2. Automotive Sector: Partnerships with Mechanics and Panel Beater Shops
• Scope: Develop collaborations with automotive service providers to improve service quality and business operations.
• Target Areas: Polokwane, Lephalale, Mokopane, Phalaborwa, and Bela-Bela.
3. Empowerment : Focusing on Women Empowerment
• Scope: Provide business support support and training to women-owned businesses, promoting economic inclusion.
• Target Areas: Polokwane, Thohoyandou, Musina, Burgersfort, and Louis Trichardt.
We will also prioritize Industrial Economic Zone areas and their priorities.
Sign up on https://profilesmes.online/welcome/
To be eligible:
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3. Sectors : Agriculture ( primary and secondary) and Automative
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2. • The segment of luxury cars is
still accelerating, the wealthy
are much less sensitive to high
interest rates and are more
resilient overall to downturns.
• Luxury cars sales are growing
at 15% plus year on year.
• Even though India staggers
from it’s worst downturn ,
previous years of rapid growth
have created a new moneyed
class.
• The big spenders are top
executives , ex-farmers who’ve
sold property and wealthy
entrepreneurs.
Mercedes-Benz analysis
3. • In mature markets , luxury cars
account for 10-15% of sales,
while in India just 3% of sales
comprises of premium vehicles.
• Delhi and Mumbai account for
nearly 50% of luxury car sales.
• Emerging markets show a
younger profile compared to
developed ones.
• The average luxury car buyer in
India is around 35 years old ,
Globally it would be 43-45.
• Indian consumers are value –
sensitive not price sensitive.
Mercedes-Benz analysis
6. • Rewarding
The ‘status-symbol’ is the driving factor for this
segment . The average age for this category is 35 years.
• Functional
Purchase based on logic rather than emotion.
• Indulgence
Consumers allow themselves to enjoy the money that
they have earned . This category is experiencing
highest growth in Delhi-NCR.
Mercedes-Benz analysis
7.
8. • Direct mail has been created to invite prospective customers
to experience the car.
• Audi focuses its campaign on imagery rather than
generating numbers.
• Audi used it’s ‘India, Land of Quattro’ campaign for a long
time.
• A 24 hour online race was launched by Audi to garner
support for the Audi R18 TDI racing.
• Audi engages with 24 year old IIM and IIT students on
Facebook and Twitter because of their likelihood to consider
the car after a few years.
Mercedes-Benz analysis
9. • Advertisement costs are distributed as follows-
60%print,15%online,15% social media and 10%
TV.
• BMW launched an ULTIMATE3 drive campaign for its 3
series.
• BMW used Sachin Tendulkar to invite fans to experience
the Dynamic 1.
• Tie ups with clubs , road shows and displays at prominent
locations such as malls and corporate conferences are
commonly used marketing techniques.
• BMW used the ‘JOY’ campaign for communicating to
consumers that the purchase of a BMW is directly related to
the emotion of joy.
Mercedes-Benz analysis
10. LinkedIn
Many automakers have started utilizing the LinkedIn
company page. Since company pages is a new feature from
the stable of LinkedIn, very few companies have actually
have taken advantage of it & Volkswagen is one of those.
They have listed 7 of their vehicles on LinkedIn so far &
have got staggering 2772 recommendations in a matter of 1
month.
This is a powerful area where it can get a lot of benefit due to
such a large number of recommendations. You never know
when some executive on LinkedIn sees a recommendation by
a person who happens to be his LinkedIn connection & he
makes the decision to buy that car! Or there can be bulk
orders too.
Mercedes-Benz analysis
12. For the Dynamic BMW 1 Series, BMW India launched ‘Experience the Dynamic 1’
where fans could experience the BMW brand. 10 lucky ones were given the chance to
go on an all expenses paid trip to Germany including an exclusive guided tour to
BMW Welt and BMW Museum in Munich. Also, they got to be the first to drive the
new car along with cricketer and BMW brand ambassador Sachin Tendulkar . A
dedicated website was created for the same where fans had to answer questions, in
addition to exciting offline drives.
Mercedes-Benz analysis
13. With the Audi A6 micro-site , the same
ability has been extended to the
Internet. Users can navigate through the
features of the car by merely pressing a
key on their keyboard, where each key
explains a feature of the car. The
innovation extends to online advertising
as well. The banners are integrated
using ‘live content’ instead of ‘dummy
content’ as used traditionally. Features
like the MMI touch can be virtually
experienced in the banner ads that are
currently running on some of the top
business portal"
Mercedes-Benz analysis
14. Audi wanted to create a unique experience for a consumer that gives
him a simulated experience of driving an Audi ,a motion sensor game
for the company which was used as part of aground activation
campaign that was spread across India.The game integrated Facebook
thereby creating buzz on social media.
Mercedes-Benz analysis
15. To create buzz around the forthcoming BMW 1 Series, the German
carmaker came up with an integrated campaign that involved on
ground, mobile, web and social media. Titled BMW 1 SERIES
Dynamic Challenge, They could speed up, stop or reverse their cars
using the iPads. The scores of the participants were then put up on
Facebook. People could see their scores along with others who
participated from different locations where this activity was held.
Mercedes-Benz analysis
16. On a bright Sunday morning, 10 unsuspecting customers were in for a
surprise, when they were invited by German luxury car maker BMW for
a test drive( Mumbai ). Besides been treated as royalty, the "cherry on
the cake" moment came when these chosen customers walked the red
carpet, where they were greeted by cricket legend Sachin Tendulkar. A
video of this whole experience was taken which went viral online . The
basic aim of the video was to promote BMW Financing.
Mercedes-Benz analysis
17. Audi Chennai(Madras) dealership held a promotional
test drive to introduce the R8 V10 Spyder and the RS5
Coupe in the Madras(India) market.
Mercedes-Benz analysis
18. Audi, the German luxury carmaker, organized a comprehensive
launch campaign for its Audi Q5 . The activities were primarily
centered around the Customer Off-road Driving Experience that
was held at an offbeat location ‘Camp Wild' at the Gurgaon
Faridabad Road. The main objective of the launch was to provide
a unique driving experience that resonated with the campaign
tagline ‘India. Land of Quattro’.
Mercedes-Benz analysis
19. Audi has launched the 2014 A8L for the Indian market with huge
fanfare, so much so that the launch event wasn’t actually held in India at
all. The German company has flown about 150 people, mostly
prospective buyers and some journalists to the launch ceremony that was
held in Dubai. the lavish event included the world’s tallest
building, Vegas style fountain shows, a world class illusionist and a guest
appearance by Nicholas Cage!
Mercedes-Benz analysis
20. • The Luxury car players would cater to a much younger set of
consumers in the future .
• ‘Indianising’ products alone is no longer enough , players
must aim to ‘Indianise’ their entire strategy to increase sales.
• The concept of future consumers would be used by players .
• Entry level luxury hatchbacks and SUV’s would gain even
more demand from the market.
• Barring luxury sports cars , consumers would rely more on
the driving experience for the lower segment of the luxury
car market, however it wouldn’t be given much importance
by those buying super luxury segment cars as most of the
driving would be taken care of by their chauffeurs .
Considering this, chauffeur training provided by companies
would be very beneficial as complimentary .
Mercedes-Benz analysis
21. Mercedes-Benz has started to get the attention of the young
Indian automobile consumers by launching the A class , B class
and its AMG line up for India.
Amongst the latest launches of Mercedes-Benz ,the A class has
been an astounding success, factors being aggressive marketing
and ideal target market choice, apart from that even the E class
has continued with its success story after being revamped by
the company .The biggest success story though was the S class
which had 125 bookings within 16 days of its launch , these
bookings being sight unseen of the car . This reveals that new
launches according to customers needs combined with good
marketing induces growth of the market and success rate.
In aggregate, The company saw a 32% increase in sales , Even
though it is currently 2nd amongst the luxury car players , there
is tremendous scope for Mercedes and if all goes according to
the plan it would overthrow Audi .
Mercedes-Benz analysis
22. While the real estate segment accounts for about 35 per
cent of Mercedes-Benz’s net sales, the share of female
customers has already been increasing through the last
few years. Today, while sedans are very often driven by
chauffeurs, more and more people, including
women, are choosing to drive on their own. New cars
would have more attractive offerings for women and see
the share of women rising. Women don't want 'women
cars' per se; they would opt for cars that suit them
better. Also, with the A-Class and B-
Class, now, Mercedes has more affordable cars on offer--
-a number of their products are priced below Rs 30 lakhs
(ex-showroom). So, they will see a lot of first-time
buyers in their portfolio.
Mercedes-Benz analysis
23. Audi attributes it’s success in India in such a short span of
time to four strong fundamental pillars - Expansion of
product portfolio and service offering, expansion of their
dealer network in the country, progressive Customer
Connect initiatives and a talented pool of human resources.
The strategy that they follow is having the right product
mix, a good dealership network, a wide area of after sales
service & well trained personnel for customer service. Audi
is investing heavily in after sales service and have invested
50% more this year than last year in after sales facility for
better customer service. One of their key differentiators is
their marketing strength and progressive customer
engagement initiatives through the creation of unique
driving experience programs (Audi QDrive, Audi R-
Drive, Audi Women’s Power Drive, Audi Multicity
experience, Audi Ice Driving experience, Audi sportscar
experience, among others) for their existing customers as
well as enthusiasts .
Mercedes-Benz analysis
24. The luxury car market seems to have bucked the downturn and this is as
true of automobiles as of other luxury products. But, in cars the growth
has come on what is still a very small base, so when car companies have
launched new products, the market has grown. Also this segment is less
affected by the general economic environment, so it's easier for it to
buck the downturn.
As far as Audi and Mercedes-Benz are concerned , both have been
promoting themselves very strategically , along with new launches
, Mercedes has also started wooing the young Indian customers which is
reflecting in it’s sales, considering its phenomenal sales growth last
year, It is very likely to salvage it’s number 1 position. Audi has been
using aggressive marketing and emphasizing on its cars style and
performance as superior to the competition , this has worked in its favor
as it is now leading in sales.
As far as BMW is concerned ,it has been overthrown solely due to Audi
and Mercedes Benz’s aggressive marketing and financing strategies.
BMW would have to look to change its marketing strategy and open
more dealerships and market itself more strategically in tier 2 and tier 3
cities in order to overthrow the competition.
All in All,2014 will witness a very cutthroat competition between these
3 players. Mercedes-Benz analysis