Summer Internship Project 
“Promotional and Marketing strategies of HYLUBE HDX 
MULTIGRADE 20W 40 Diesel Engine Oil Lubricant and 
to arrest the decline in sales of HP LAAL GHODA 20W 
40 Diesel Engine Oil Lubricant of Hindustan Petroleum 
Corporation Limited” 
Presented by -- 
Pranay Guha 
MBA Marketing 
Techno India, Salt Lake
Company Profile 
The Company was incorporated in the name of Standard Vacuum Refining 
Company of India Limited on July 5, 1952. 
Hindustan Petroleum Corporation Limited comes into being after the takeover and 
merger of erstwhile ESSO Standard and Lube India Limited in 1974. 
 HPCL operates two major refineries – 
 Mumbai (West Coast). 
 Vishakhapatnam (East Coast). 
 Largest lube refinery in India producing Lube Base Oils of International Standards. 
This lube refinery accounts for over 40% of India's total lube base oil production. 
 The marketing network of HPCL consists of 13 zonal offices in major cities and 
101 regional offices. 
 HPCL has state of art information technology infrastructure to support its core 
business. (Source:- www.hindustanpetroleum.com)
Company Products 
HP LUBRICANTS 
Automotive Grades Industrial Grades Industrial Specialties Greases 
Automotive Grades 
Engine Oils Gear Oils Transmission Oils Defense Grades Auto Specialties 
Engine Oils 
Diesel Engine Oils Petrol Engine Oils Natural Gas Engine Oils 
HP LAAL GHODA 20W40 HP GASENOL 20W50 
HP MILCY SYNTHETIC 15W40 FOUR WHEELER FOUR STROKE HP AUTO SHAKTI 
HYLUBE HDX MG 20W 40 HP CRUISE -- HP RACER 2 LOW SMOKE 
HP MILCY SUPER 20W 40 1) CLASSIC 20W 40 HP RACER 4 20W40 
HP X-3 10W KLT 2) 15w 40 HP BAJAJ GENUINE OIL 
HP MILCY TURBO 15W 40 3) CLASSIC TATA 20W40, 20W50 
GENUINE OIL 
20W 40 
(Source:- www.hindustanpetroleum.com)
Research Objectives 
 To study the decline in sales of HP LAAL GHODA 20W 40 Diesel 
Engine Oil lubricant for last 5 years. 
 To provide marketing strategies to the company so that they can 
arrest this decline in sales of HP LAAL GHODA 20W 40 Diesel 
Engine Oil lubricant. 
 To study the current market scenario of HYLUBE HDX MULTIGRADE 
20W 40 Diesel Engine Oil lubricant and to provide promotional and 
marketing strategies to the company in order to boost its market 
share.
Research Methodology 
Research Problem Formulation 
Choice of Research Design 
Data Source Determination 
Data Collection Form Design 
(Survey Method only) 
Sampling Design and Sample Size 
Field Survey 
Data Analysis 
Research Report Preparation
Research Methodology (Contd.) 
 Research Problem Formulation :- The research problem was about “to study 
the decline in sales of HP LAAL GHODA 20W 40 diesel engine oil lubricant and to 
study the current market scenario of HYLUBE HDX MULTIGRADE 20W 40 diesel 
engine oil lubricant of Hindustan Petroleum Corporation Limited ”. 
 Choice of Research Design :- 1) Exploratory Research – 
Advertisement and Promotional analysis. 
2) Descriptive Research – 
Bazaar shops, retail outlets and mechanic analysis. 
 Data Source Determination :- 
1)Primary data collection – Interviewing the dealers, distributors, bazaar shopkeepers, 
retailers and mechanics. 
2)Secondary data collection – Collected from company official websites, books and 
newspapers.
Research Methodology (Contd.) 
Data collection form design :- Preparation of questionnaire. The questionnaire 
was constructed using Likert scale. At first, an expert opinion was taken from Mr. 
Beladhi Mukhejee [Deputy Manager(Lubes)] (External Guide) to get an insight of 
the problem and then the parameters obtained from Prof. (Dr.) Amit Kundu 
(Internal Guide) helped in preparing the questionnaire for field survey. 
 Sampling design and Sampling size :- 
Sample Design – The target population for this project is defined as follows:- 
 Element :- Bazaar shopkeepers, retailers and mechanics. 
 Sampling Units :- Bazaar shops, retail outlets and garages. 
 Extent :- Kolkata (South). 
 Time :- The survey was conducted in the month of July. 
Sample Size - Sample size consists of 34 respondents. 
Table showing the number of respondents segment wise : 
BAZAAR SHOPKEEPERS RETAIL OUTLETS MECHANICS 
16 14 4
Research Methodology (Contd.) 
 Field survey :- Having prepared the questionnaire and selected the sample 
design and size of sample, the next step is to conduct the field survey which 
includes two most important aspects :- 
 Interviewing. 
 Supervision of field work. 
Data Analysis:- In order to derive meaningful results from the feedbacks 
collected via questionnaire through field survey, the data has been analyzed 
by factor and regression analysis. 
Research report preparation:- Once the data have been tabulated, 
interpreted and analyzed, the final report is prepared embodying the 
findings of the research study and recommendations or policy prescription 
for the organization.
QUESTIONNAIRE
Questionnaire 
1. Which diesel engine oil lubricant customers are preferring most currently? 
2. Who influence the customer to buy the lubes? 
4. MECHANICS 3.SHOPKEEPER 2.CUSTOMER HIMSELF 1.OTHERS 
3. What do you look into a lubricant? 
4. MARKET DEMAND 3.PROFIT 2.BRAND POPULARITY 1.QUALITY 
4. Comparative Study of HP LAAL GHODA 20W 40 API CF and HP HDX 
MULTIGRADE API CF 20W 40 with other competitive brands? 
BRAND NAME 
RATINGS HP LAAL 
GHODA 
CLOSE 
COMPETITORS(NAME) 
HP HDX 
MULTIGRADE 
CLOSE 
COMPETITORS(NAME) 
Excellent) 
Good) 
Average) 
Satisfactory) 
Poor) 
QUALITY 
RATINGS HP LAAL 
GHODA 
CLOSE 
COMPETITORS(NAME) 
HP HDX 
MULTIGRADE 
CLOSE 
COMPETITORS(NAME) 
Excellent) 
Good) 
Average) 
Satisfactory) 
Poor)
PRICING 
RATINGS HP LAAL 
GHODA 
CLOSE 
COMPETITORS(NAME) 
HP HDX 
MULTIGRADE 
CLOSE 
COMPETITORS(NAME) 
Excellent) 
Good) 
Average) 
Satisfactory) 
Poor) 
AVAILABILITY 
RATINGS HP LAAL 
GHODA 
CLOSE 
COMPETITORS(NAME) 
HP HDX 
MULTIGRADE 
CLOSE 
COMPETITORS(NAME) 
Excellent) 
Good) 
Average) 
Satisfactory) 
Poor) 
PACKAGING 
RATINGS HP LAAL 
GHODA 
CLOSE 
COMPETITORS(NAME) 
HP HDX 
MULTIGRADE 
CLOSE 
COMPETITORS(NAME) 
Excellent) 
Good) 
Average) 
Satisfactory) 
Poor) 
PROMOTION 
RATINGS HP LAAL 
GHODA 
CLOSE 
COMPETITORS(NAME) 
HP HDX 
MULTIGRADE 
CLOSE 
COMPETITORS(NAME) 
Excellent) 
Good) 
Average) 
Satisfactory) 
Poor)
FREQUENCY OF PURCHASE 
RATINGS HP LAAL 
GHODA 
CLOSE 
COMPETITORS(NAME) 
HP HDX 
MULTIGRADE 
CLOSE 
COMPETITORS(NAME) 
Excellent) 
Good) 
Average) 
Satisfactory) 
Poor) 
VIII. BRAND SWITCHER (Customers are doing on frequent basis) 
RATINGS CLOSE COMPETITORS(NAME) 
5 
4 
3 
2 
1 
MAXIMUM OFFER 
RATINGS HPCL CLOSE COMPETITORS(NAME) 
Excellent) 
Good) 
Average) 
Satisfactory) 
Poor) 
Relevant schemes available in the market for HDX MG API CF 20W 40 
RATINGS HP HDX MULTIGRADE 
Strongly Agreed) 
Moderately Agreed) 
Agreed) 
Moderately Disagreed) 
Not agreeing)
Market Operating Price (MOP) of HP HDX MG API CF 20W 40 can be of which 
range to attract the customers vision and preference 
RATINGS HP HDX MULTIGRADE PRICE RANGE 
Excellent) 
Good) 
Average) 
Satisfactory) 
Poor) 
XII. HP LAAL GHODA 20W 40 API CF and HP HDX MULTIGRADE API CF 20W 40 is 
known to everyone 
RATINGS HP LAAL GHODA HDX MULTIGRADE 
Strongly Agreed) 
Moderately Agreed) 
Agreed) 
Moderately Disagreed) 
Not agreeing)
Data Analysis 
 The collected data has been analyzed by using two statistical tools :- 
 Factor Analysis. 
 Regression Analysis. 
Factor Analysis :- There are two objectives of Factor Analysis :- 
1) It simplifies the data by reducing a large number of variables to a set of 
small number of variables. 
2) It analyses the interdependence of interrelationships among a total set of 
variables. 
Regression Analysis :- Regression analysis is widely used for prediction and 
forecasting. It is also used to understand which among the independent 
variables are related to the dependent variable, and to explore the forms of 
these relationships. 
(Source:- Internal Guide - Prof. (Dr.) Amit Kundu)
DATA ANALYSIS 
Factor Analysis 
Factor Analysis 
KMO and Bartlett's Test 
.533 
63.555 
36 
.003 
Kaiser-Meyer-Olkin Measure of Sampling 
Adequacy. 
Approx. Chi-Square 
df 
Sig. 
Bartlett's Test of 
Sphericity 
Total Variance Explained 
Initial Eigenvalues Extraction Sums of Squared Loadings Rotation Sums of Squared Loadings 
2.375 26.389 26.389 2.375 26.389 26.389 2.025 22.505 22.505 
1.794 19.933 46.322 1.794 19.933 46.322 1.817 20.185 42.690 
1.304 14.492 60.814 1.304 14.492 60.814 1.410 15.670 58.359 
1.074 11.936 72.751 1.074 11.936 72.751 1.295 14.391 72.751 
.776 8.620 81.371 
.618 6.867 88.238 
.475 5.280 93.518 
.335 3.725 97.243 
.248 2.757 100.000 
Component 
1 
2 
3 
4 
5 
6 
7 
8 
9 
Total % of Variance Cumulative % Total % of Variance Cumulative % Total % of Variance Cumulative % 
Extraction Method: Principal Component Analysis.
Regression Analysis 
REGRESSION ANALYSIS 
Rotated Component Matraix 
Component 
.825 2.913E-04 -3.80E-02 9.226E-02 
.697 .144 .287 -5.25E-02 
.663 -.237 -.178 -.361 
-.156 .905 -2.51E-02 -6.73E-02 
.138 .897 -6.79E-02 -3.93E-02 
-8.87E-02 -1.74E-02 .905 -3.94E-02 
.473 -.132 .561 4.668E-02 
-.209 1.515E-02 -.182 .831 
.317 -.314 .349 .674 
pricing of the product 
Distribution netw ork 
Packaging/ Quality & 
Promotion 
Qualty 
Brand Name 
Satisfaction-Frequency 
of Purchase 
Aw arness-Brand & 
Product 
Sales Promotional Tools 
Integration Marketing 
Communication 
1 2 3 4 
Extraction Method: Principal Component Analysis. 
Rotation Method: Varimax w ith Kaiser Normalization. 
a. Rotation converged in 7 iterations. 
Model Summaryb 
1.000a 1.000 .999 5.1057 2.120 
Model 
1 
R R Square 
Adjusted 
R Square 
Std. Error of 
the Estimate 
Durbin-W 
atson 
Predictors: (Constant), REGR factor score 3 for analysis 1 , 
REGR factor score 1 for analysis 1 , REGR factor score 2 for 
analysis 1 
a. 
b. Dependent Variable: Sleas data HP LAL GHODA in KL 
Coefficientsa 
Unstandardized 
Coef f icients 
Standardi 
zed 
Coef f icien 
ts 
1190.754 5.519 215.739 .003 
167.513 2.399 1.337 69.824 .009 
-247.863 6.109 -1.083 -40.573 .016 
-41.802 4.704 -.193 -8.887 .071 
(Constant) 
REGR factor score 
1 for analysis 1 
REGR factor score 
2 for analysis 1 
REGR factor score 
3 for analysis 1 
Model 
1 
B Std. Error 
Beta 
t Sig. 
a. Dependent Variable: Sleas data HP LAL GHODA in KL
Interpretation Of The Results 
 From the questionnaire we have chalked out 9 parameters:- 
1) Pricing of the product. 
2) Distribution network. 
3) Packaging/Quality and Promotion. 
4) Quality. 
5) Brand name. 
6) Satisfaction- frequency of purchase. 
7) Awareness- Brand and Product. 
8) Sales promotional tools. 
9) Integrated Marketing Communication. 
By using these 9 parameters and their corresponding data available, factor 
analysis and regression analysis have been performed.
Interpretation Of The Results (Contd.) 
 After undergoing the calculation of data, we have got only 4 components which 
describe the rest of the 9 components. 
 The four components are :- 
1) F1- Overall marketing strategy. 
2) F2- Brand associated with equity. 
3) F3- Customer satisfaction. 
4) F4- Communication strategy. 
 F1 comprises of pricing of the product, distribution network and packaging/quality 
and promotion. 
 F2 comprises of quality and brand name. 
 F3 comprises of frequency of purchase. 
 F4 comprises of sales promotional tools and integrated marketing communication. 
 F1 – 0.825, 0.697 and 0.663. 
 F2 – 0.905 and 0.897. 
 F3 – 0.905. 
 F4 – 0.831 and 0.674.
Interpretation Of The Results (Contd.) 
Adjusted R Square value is about 0.999 which states that the analysis done is 
good. 
 In the co-efficient table, we have got four predictors or p-values for four 
components. These values are 0.003, 0.009, 0.016 and 0.071. 
The general form of each hypothesis test is: 
H0 :This independent variable is not a significant predictor of the 
dependent variables. 
H1 : This independent variable is a significant predictor of the dependent 
variables. 
The decision rule is: 
If p < 0.05, reject the null hypothesis and accept the alternative 
hypothesis. 
Therefore, we choose the component F4 whose value is 0.071 according to 
the above stated rule.
Conclusion 
The component F4 (sales promotional tools and integrated marketing 
communication) contribute significantly in arresting the sales of HP 
LAAL GHODA 20W 40. 
 Therefore, the above mentioned component is essential in boosting 
up its sales. 
 In a more simpler way, we could say that the brand associated with 
adequate sales promotional techniques and proper integrated 
marketing communication strategy in place will help in satisfying the 
customers in broader perspective.
Research Findings 
Service Stations are playing the key role in influencing the customer to buy or to use 
selective lubricant products for their vehicles. 
New vehicles are coming up with turbo charged engines where HP LAAL GHODA is 
falling behind on their requirements. 
 Vehicles with engine specifications are locking up the consumer’s view. 
There are no offers or discounts for consumers on HP LAAL GHODA and HP HDX 
MULTIGRADE currently available in the market. 
HP LAAL GHODA costs Rs. 170 in retail outlets whereas it costs only Rs. 130/140 in 
bazaar shops. 
 Distribution channel conflict between the retailers and distributors is killing these 
products.
Policy Prescription For The Organization 
 HP LAAL GHODA 20W 40 
1) Packaging - Better outlook for the containers. 
2) Advertising - Cost effective one. 
3) Distribution Channel - Distributors should play an active role as a part of 
pushing the product in the market. 
4) Sales Promotion - 
 Trade coupons for the consumers . 
 Discount with 1 liter or bigger packs in order to boost up the seasonal 
sales. 
 Providing incentives to the bazaar shopkeepers.
Policy Prescription For The Organization (Contd.) 
 HP HDX MULTIGRADE 20W 40 
1)Budget Allocation - The first major step before promoting this product. 
2)Hiring an agency - To provide some quality manpower assistance to the company for 
promotional activities. 
3)Leaflet distribution - HP retail outlets and in office areas. 
4)Mobile hoardings - Target market areas. 
5)Market Survey - In places where the promotional activities will be carried on. 
6)Retail Promotion - Putting up flex uni-pole hoardings carrying an overall description of 
the product along with its hidden or noticeable qualities. 
7)Sales Promotion - Trade coupons for the customers.
Scope For Future Research 
 To convert more mechanics, retailers and fleet owners into dedicated HPCL customers. 
 Analyze the requirements of HP HDX MULTIGRADE 20W 40 and HP LAAL GHODA 20W 40 
diesel engine oil lubricants and devise strategies for market penetration. 
 To resolve the issues regarding the distribution channel between the retailers and DSRO 
which will ultimately lead to the growth of these products in the lube market. 
 This study will help the company to accelerate their reach towards those mechanics 
working in the service stations and impart them with the adequate knowledge about their 
products. 
 To start the promotional activities in target areas or regions for HP HDX MULTIGRADE 20W 
40 with an additional knowledge of how their competitor’s are on the rise with their 
promotions in this regions. 
 The company can also develop a more useful push strategy for their products rather than 
dumping them into the retail outlets.
Summer Internship Project in association with Hindustan Petroleum Corporation Limited

Summer Internship Project in association with Hindustan Petroleum Corporation Limited

  • 1.
    Summer Internship Project “Promotional and Marketing strategies of HYLUBE HDX MULTIGRADE 20W 40 Diesel Engine Oil Lubricant and to arrest the decline in sales of HP LAAL GHODA 20W 40 Diesel Engine Oil Lubricant of Hindustan Petroleum Corporation Limited” Presented by -- Pranay Guha MBA Marketing Techno India, Salt Lake
  • 2.
    Company Profile TheCompany was incorporated in the name of Standard Vacuum Refining Company of India Limited on July 5, 1952. Hindustan Petroleum Corporation Limited comes into being after the takeover and merger of erstwhile ESSO Standard and Lube India Limited in 1974.  HPCL operates two major refineries –  Mumbai (West Coast).  Vishakhapatnam (East Coast).  Largest lube refinery in India producing Lube Base Oils of International Standards. This lube refinery accounts for over 40% of India's total lube base oil production.  The marketing network of HPCL consists of 13 zonal offices in major cities and 101 regional offices.  HPCL has state of art information technology infrastructure to support its core business. (Source:- www.hindustanpetroleum.com)
  • 3.
    Company Products HPLUBRICANTS Automotive Grades Industrial Grades Industrial Specialties Greases Automotive Grades Engine Oils Gear Oils Transmission Oils Defense Grades Auto Specialties Engine Oils Diesel Engine Oils Petrol Engine Oils Natural Gas Engine Oils HP LAAL GHODA 20W40 HP GASENOL 20W50 HP MILCY SYNTHETIC 15W40 FOUR WHEELER FOUR STROKE HP AUTO SHAKTI HYLUBE HDX MG 20W 40 HP CRUISE -- HP RACER 2 LOW SMOKE HP MILCY SUPER 20W 40 1) CLASSIC 20W 40 HP RACER 4 20W40 HP X-3 10W KLT 2) 15w 40 HP BAJAJ GENUINE OIL HP MILCY TURBO 15W 40 3) CLASSIC TATA 20W40, 20W50 GENUINE OIL 20W 40 (Source:- www.hindustanpetroleum.com)
  • 4.
    Research Objectives To study the decline in sales of HP LAAL GHODA 20W 40 Diesel Engine Oil lubricant for last 5 years.  To provide marketing strategies to the company so that they can arrest this decline in sales of HP LAAL GHODA 20W 40 Diesel Engine Oil lubricant.  To study the current market scenario of HYLUBE HDX MULTIGRADE 20W 40 Diesel Engine Oil lubricant and to provide promotional and marketing strategies to the company in order to boost its market share.
  • 5.
    Research Methodology ResearchProblem Formulation Choice of Research Design Data Source Determination Data Collection Form Design (Survey Method only) Sampling Design and Sample Size Field Survey Data Analysis Research Report Preparation
  • 6.
    Research Methodology (Contd.)  Research Problem Formulation :- The research problem was about “to study the decline in sales of HP LAAL GHODA 20W 40 diesel engine oil lubricant and to study the current market scenario of HYLUBE HDX MULTIGRADE 20W 40 diesel engine oil lubricant of Hindustan Petroleum Corporation Limited ”.  Choice of Research Design :- 1) Exploratory Research – Advertisement and Promotional analysis. 2) Descriptive Research – Bazaar shops, retail outlets and mechanic analysis.  Data Source Determination :- 1)Primary data collection – Interviewing the dealers, distributors, bazaar shopkeepers, retailers and mechanics. 2)Secondary data collection – Collected from company official websites, books and newspapers.
  • 7.
    Research Methodology (Contd.) Data collection form design :- Preparation of questionnaire. The questionnaire was constructed using Likert scale. At first, an expert opinion was taken from Mr. Beladhi Mukhejee [Deputy Manager(Lubes)] (External Guide) to get an insight of the problem and then the parameters obtained from Prof. (Dr.) Amit Kundu (Internal Guide) helped in preparing the questionnaire for field survey.  Sampling design and Sampling size :- Sample Design – The target population for this project is defined as follows:-  Element :- Bazaar shopkeepers, retailers and mechanics.  Sampling Units :- Bazaar shops, retail outlets and garages.  Extent :- Kolkata (South).  Time :- The survey was conducted in the month of July. Sample Size - Sample size consists of 34 respondents. Table showing the number of respondents segment wise : BAZAAR SHOPKEEPERS RETAIL OUTLETS MECHANICS 16 14 4
  • 8.
    Research Methodology (Contd.)  Field survey :- Having prepared the questionnaire and selected the sample design and size of sample, the next step is to conduct the field survey which includes two most important aspects :-  Interviewing.  Supervision of field work. Data Analysis:- In order to derive meaningful results from the feedbacks collected via questionnaire through field survey, the data has been analyzed by factor and regression analysis. Research report preparation:- Once the data have been tabulated, interpreted and analyzed, the final report is prepared embodying the findings of the research study and recommendations or policy prescription for the organization.
  • 9.
  • 10.
    Questionnaire 1. Whichdiesel engine oil lubricant customers are preferring most currently? 2. Who influence the customer to buy the lubes? 4. MECHANICS 3.SHOPKEEPER 2.CUSTOMER HIMSELF 1.OTHERS 3. What do you look into a lubricant? 4. MARKET DEMAND 3.PROFIT 2.BRAND POPULARITY 1.QUALITY 4. Comparative Study of HP LAAL GHODA 20W 40 API CF and HP HDX MULTIGRADE API CF 20W 40 with other competitive brands? BRAND NAME RATINGS HP LAAL GHODA CLOSE COMPETITORS(NAME) HP HDX MULTIGRADE CLOSE COMPETITORS(NAME) Excellent) Good) Average) Satisfactory) Poor) QUALITY RATINGS HP LAAL GHODA CLOSE COMPETITORS(NAME) HP HDX MULTIGRADE CLOSE COMPETITORS(NAME) Excellent) Good) Average) Satisfactory) Poor)
  • 11.
    PRICING RATINGS HPLAAL GHODA CLOSE COMPETITORS(NAME) HP HDX MULTIGRADE CLOSE COMPETITORS(NAME) Excellent) Good) Average) Satisfactory) Poor) AVAILABILITY RATINGS HP LAAL GHODA CLOSE COMPETITORS(NAME) HP HDX MULTIGRADE CLOSE COMPETITORS(NAME) Excellent) Good) Average) Satisfactory) Poor) PACKAGING RATINGS HP LAAL GHODA CLOSE COMPETITORS(NAME) HP HDX MULTIGRADE CLOSE COMPETITORS(NAME) Excellent) Good) Average) Satisfactory) Poor) PROMOTION RATINGS HP LAAL GHODA CLOSE COMPETITORS(NAME) HP HDX MULTIGRADE CLOSE COMPETITORS(NAME) Excellent) Good) Average) Satisfactory) Poor)
  • 12.
    FREQUENCY OF PURCHASE RATINGS HP LAAL GHODA CLOSE COMPETITORS(NAME) HP HDX MULTIGRADE CLOSE COMPETITORS(NAME) Excellent) Good) Average) Satisfactory) Poor) VIII. BRAND SWITCHER (Customers are doing on frequent basis) RATINGS CLOSE COMPETITORS(NAME) 5 4 3 2 1 MAXIMUM OFFER RATINGS HPCL CLOSE COMPETITORS(NAME) Excellent) Good) Average) Satisfactory) Poor) Relevant schemes available in the market for HDX MG API CF 20W 40 RATINGS HP HDX MULTIGRADE Strongly Agreed) Moderately Agreed) Agreed) Moderately Disagreed) Not agreeing)
  • 13.
    Market Operating Price(MOP) of HP HDX MG API CF 20W 40 can be of which range to attract the customers vision and preference RATINGS HP HDX MULTIGRADE PRICE RANGE Excellent) Good) Average) Satisfactory) Poor) XII. HP LAAL GHODA 20W 40 API CF and HP HDX MULTIGRADE API CF 20W 40 is known to everyone RATINGS HP LAAL GHODA HDX MULTIGRADE Strongly Agreed) Moderately Agreed) Agreed) Moderately Disagreed) Not agreeing)
  • 14.
    Data Analysis The collected data has been analyzed by using two statistical tools :-  Factor Analysis.  Regression Analysis. Factor Analysis :- There are two objectives of Factor Analysis :- 1) It simplifies the data by reducing a large number of variables to a set of small number of variables. 2) It analyses the interdependence of interrelationships among a total set of variables. Regression Analysis :- Regression analysis is widely used for prediction and forecasting. It is also used to understand which among the independent variables are related to the dependent variable, and to explore the forms of these relationships. (Source:- Internal Guide - Prof. (Dr.) Amit Kundu)
  • 15.
    DATA ANALYSIS FactorAnalysis Factor Analysis KMO and Bartlett's Test .533 63.555 36 .003 Kaiser-Meyer-Olkin Measure of Sampling Adequacy. Approx. Chi-Square df Sig. Bartlett's Test of Sphericity Total Variance Explained Initial Eigenvalues Extraction Sums of Squared Loadings Rotation Sums of Squared Loadings 2.375 26.389 26.389 2.375 26.389 26.389 2.025 22.505 22.505 1.794 19.933 46.322 1.794 19.933 46.322 1.817 20.185 42.690 1.304 14.492 60.814 1.304 14.492 60.814 1.410 15.670 58.359 1.074 11.936 72.751 1.074 11.936 72.751 1.295 14.391 72.751 .776 8.620 81.371 .618 6.867 88.238 .475 5.280 93.518 .335 3.725 97.243 .248 2.757 100.000 Component 1 2 3 4 5 6 7 8 9 Total % of Variance Cumulative % Total % of Variance Cumulative % Total % of Variance Cumulative % Extraction Method: Principal Component Analysis.
  • 16.
    Regression Analysis REGRESSIONANALYSIS Rotated Component Matraix Component .825 2.913E-04 -3.80E-02 9.226E-02 .697 .144 .287 -5.25E-02 .663 -.237 -.178 -.361 -.156 .905 -2.51E-02 -6.73E-02 .138 .897 -6.79E-02 -3.93E-02 -8.87E-02 -1.74E-02 .905 -3.94E-02 .473 -.132 .561 4.668E-02 -.209 1.515E-02 -.182 .831 .317 -.314 .349 .674 pricing of the product Distribution netw ork Packaging/ Quality & Promotion Qualty Brand Name Satisfaction-Frequency of Purchase Aw arness-Brand & Product Sales Promotional Tools Integration Marketing Communication 1 2 3 4 Extraction Method: Principal Component Analysis. Rotation Method: Varimax w ith Kaiser Normalization. a. Rotation converged in 7 iterations. Model Summaryb 1.000a 1.000 .999 5.1057 2.120 Model 1 R R Square Adjusted R Square Std. Error of the Estimate Durbin-W atson Predictors: (Constant), REGR factor score 3 for analysis 1 , REGR factor score 1 for analysis 1 , REGR factor score 2 for analysis 1 a. b. Dependent Variable: Sleas data HP LAL GHODA in KL Coefficientsa Unstandardized Coef f icients Standardi zed Coef f icien ts 1190.754 5.519 215.739 .003 167.513 2.399 1.337 69.824 .009 -247.863 6.109 -1.083 -40.573 .016 -41.802 4.704 -.193 -8.887 .071 (Constant) REGR factor score 1 for analysis 1 REGR factor score 2 for analysis 1 REGR factor score 3 for analysis 1 Model 1 B Std. Error Beta t Sig. a. Dependent Variable: Sleas data HP LAL GHODA in KL
  • 17.
    Interpretation Of TheResults  From the questionnaire we have chalked out 9 parameters:- 1) Pricing of the product. 2) Distribution network. 3) Packaging/Quality and Promotion. 4) Quality. 5) Brand name. 6) Satisfaction- frequency of purchase. 7) Awareness- Brand and Product. 8) Sales promotional tools. 9) Integrated Marketing Communication. By using these 9 parameters and their corresponding data available, factor analysis and regression analysis have been performed.
  • 18.
    Interpretation Of TheResults (Contd.)  After undergoing the calculation of data, we have got only 4 components which describe the rest of the 9 components.  The four components are :- 1) F1- Overall marketing strategy. 2) F2- Brand associated with equity. 3) F3- Customer satisfaction. 4) F4- Communication strategy.  F1 comprises of pricing of the product, distribution network and packaging/quality and promotion.  F2 comprises of quality and brand name.  F3 comprises of frequency of purchase.  F4 comprises of sales promotional tools and integrated marketing communication.  F1 – 0.825, 0.697 and 0.663.  F2 – 0.905 and 0.897.  F3 – 0.905.  F4 – 0.831 and 0.674.
  • 19.
    Interpretation Of TheResults (Contd.) Adjusted R Square value is about 0.999 which states that the analysis done is good.  In the co-efficient table, we have got four predictors or p-values for four components. These values are 0.003, 0.009, 0.016 and 0.071. The general form of each hypothesis test is: H0 :This independent variable is not a significant predictor of the dependent variables. H1 : This independent variable is a significant predictor of the dependent variables. The decision rule is: If p < 0.05, reject the null hypothesis and accept the alternative hypothesis. Therefore, we choose the component F4 whose value is 0.071 according to the above stated rule.
  • 20.
    Conclusion The componentF4 (sales promotional tools and integrated marketing communication) contribute significantly in arresting the sales of HP LAAL GHODA 20W 40.  Therefore, the above mentioned component is essential in boosting up its sales.  In a more simpler way, we could say that the brand associated with adequate sales promotional techniques and proper integrated marketing communication strategy in place will help in satisfying the customers in broader perspective.
  • 21.
    Research Findings ServiceStations are playing the key role in influencing the customer to buy or to use selective lubricant products for their vehicles. New vehicles are coming up with turbo charged engines where HP LAAL GHODA is falling behind on their requirements.  Vehicles with engine specifications are locking up the consumer’s view. There are no offers or discounts for consumers on HP LAAL GHODA and HP HDX MULTIGRADE currently available in the market. HP LAAL GHODA costs Rs. 170 in retail outlets whereas it costs only Rs. 130/140 in bazaar shops.  Distribution channel conflict between the retailers and distributors is killing these products.
  • 22.
    Policy Prescription ForThe Organization  HP LAAL GHODA 20W 40 1) Packaging - Better outlook for the containers. 2) Advertising - Cost effective one. 3) Distribution Channel - Distributors should play an active role as a part of pushing the product in the market. 4) Sales Promotion -  Trade coupons for the consumers .  Discount with 1 liter or bigger packs in order to boost up the seasonal sales.  Providing incentives to the bazaar shopkeepers.
  • 23.
    Policy Prescription ForThe Organization (Contd.)  HP HDX MULTIGRADE 20W 40 1)Budget Allocation - The first major step before promoting this product. 2)Hiring an agency - To provide some quality manpower assistance to the company for promotional activities. 3)Leaflet distribution - HP retail outlets and in office areas. 4)Mobile hoardings - Target market areas. 5)Market Survey - In places where the promotional activities will be carried on. 6)Retail Promotion - Putting up flex uni-pole hoardings carrying an overall description of the product along with its hidden or noticeable qualities. 7)Sales Promotion - Trade coupons for the customers.
  • 24.
    Scope For FutureResearch  To convert more mechanics, retailers and fleet owners into dedicated HPCL customers.  Analyze the requirements of HP HDX MULTIGRADE 20W 40 and HP LAAL GHODA 20W 40 diesel engine oil lubricants and devise strategies for market penetration.  To resolve the issues regarding the distribution channel between the retailers and DSRO which will ultimately lead to the growth of these products in the lube market.  This study will help the company to accelerate their reach towards those mechanics working in the service stations and impart them with the adequate knowledge about their products.  To start the promotional activities in target areas or regions for HP HDX MULTIGRADE 20W 40 with an additional knowledge of how their competitor’s are on the rise with their promotions in this regions.  The company can also develop a more useful push strategy for their products rather than dumping them into the retail outlets.