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3. The pricing of the motorcycle might also be looked upon as conservative.
Royal Enfield has for a while now targeted the youth market with lure of freedom. However, they have done little to reinforce their position. Maybe advertising campaigns targeted at the Value-expressive customer would enable the brand to reap the benefits of its iconic position in a much more productive way. Also, most users find it imperative for the company to improve its After Sales Service and Spares availability.
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The Research is aimed at the study of Royal Enfield Brand in Indian Markets – So far how they have performed and suggestions for them to grab more market share and be profitable. Every year, they have sold modest numbers but despite low numbers, they continue to command a position of respect and awe in the Indian motorcycle market. The objective of the study was to study the different product lines, marketing strategy and Brand Management of Royal Enfield Bullets in Indian market.
1. Bullet riders are mostly Value-Expressive, with an internal locus of control and a strong sense of independence.
2. The company has been cashing in on the iconic status it has and has done little to reinforce its image amongst an exploding two-wheeler market.
3. The pricing of the motorcycle might also be looked upon as conservative.
Royal Enfield has for a while now targeted the youth market with lure of freedom. However, they have done little to reinforce their position. Maybe advertising campaigns targeted at the Value-expressive customer would enable the brand to reap the benefits of its iconic position in a much more productive way. Also, most users find it imperative for the company to improve its After Sales Service and Spares availability.
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A study on positioning of tata ace zip in captive and semi captive segmentSaurabh Jaiswal
• Co-create ACE Zip:”from the customer, for the customer”.
• Acess were demand for the product existed.
• Awareness regarding the product.
• Gain consumer insight
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Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
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Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
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Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
2. INTRODUCTION
•Launched In May, 2005
•Inspired from highly successful Japanese mini truck kei truck
(introduced in 1977) and Korean Kia Bonga(1980)
•Tata ace is powered by a small and efficient 16bhp
700cc diesel engine.
•Suitable for both rural and urban areas.
•Tata ace set the trend as countries first
High performance, low maintenance
Safe and reliable mini-truck
Sporty car-like features to ensure comfort in riding and handling.
3. 4 P’s
Product
Being 4 wheeler; gives higher-status
Safer than 3-wheeler and comfortable.
Capacity of carry the load up to 1500 kegs.
Cost of Rs.6.70 to transport 1 ton a distance of 1 km.
3-wheelers were not allowed on express highways additional
advantages of being 4-wheeler.
Easily travel in rural areas.
Innovative 2-cylinder diesel engine which can give
speed up to 100kms/hr.
4. Levels of Product
Core benefit –
Light commercial Vehicle.
Basic product- 4 Wheeler.
Expected product -
Safer, Powerful and
Convenience with low
maintenance.
Augmented product- High
Status and 30%extra
Overload.
Potential product – run on
LPG, CNG and with A.C
Cabin.
5. Price
•The Company targeted Customer who were willing to pay higher price for
extra value provided to them and also Vehicle is designed to reduced the
operating cost.
•The number of components used was kept low, the assembly line was made
short and around 80% of TATA ACE component were outsourced.
Tata ACE was a winning concept with 4 Wheeler Functionality and Price
close to that of 3 Wheelers.
6. Place
Availability of the product at right place and at right time.
City, Small Town, Villages and Urban belts in India.
Distribution Network- Hub and SPOKE Model.
Existing dealership acted as Hub and Set up 15 dealership.
Each dealer Set-up 15-20 Ace Store.
“Only Sales” Stores Compared to traditional “Sales and Service ”
A Sales Outlet every 40-50 Kilometers all over India.
7. Promotion
Communication Channels:
Print Media- The “Chota Hathi” Advertisement.
Public Relations – Generated a lot of Positive Press in the Launch Period and also by
gaining International Awards.
Sales Promotions – An Initial discount of Rs 4000 was given on Ace. Financial Services
provided to further increase the purchase incentives.
Television – 1st LCV Brand used extensive ad on T.V. Ads Communicating new
opportunities that Ace Present.
8. Segmentation
Geographic segmentation:
1.Rural areas-Rural villages with population of over 10000.
2.Urban areas-Semi-urban areas, small towns with population between 20000-
50000.
Demographic segmentation:
Age- 20 to 34, 35 to 49 years.
Gender-male.
SEC- R1, R2 and R3.
Occupation-
•Truck owners
•First time LCV purchasers
•Farmers
•Small trade
9. Psychographic segmentation:
Science of using psychology and demographics to better understand consumers.
Byers are classified on the basis of personality traits, values and lifestyle.
Behavioral segmentation:
Benefits- 4wheeler benefits i.e. comfort,style,safety.
User status-1st time 4 wheeler users and existing 3-wheeler users etc.
11. POSITIONING
Positioning statements:
India's first mini-truck.
“Small is Big”.
Stability & trust of big truck.
Economic liberation.
Feel good about job(Satisfaction).
Transportation at the Last mile.
12. Point of Parity
POP Tata ace Piaggio (ape) M&M (maxximo)
Segmentation Segmentation for Segmentation for Segmentation for
Rural & semi- Rural & semi- Rural & semi-
urban areas urban areas urban areas
Features Provide comfort, Provide comfort, Provide comfort,
safety, low cost safety, minimum safety,
cost affordable cost
Fuel Type Diesel Diesel Diesel
13. Point of Difference
POD Tata ace Piaggio (ape) M&M
(maximo)
Types LCV 4-wheeler 3-wheeler LCV 4-wheeler
Price Close to 2 to Close to 1.9 Close to 3 to
2.8 lakh lakh 3.8 lakh
Power 16 HP@ 3200 12.67KW 18.4KW
RPM @3600 RPM @3600 RPM
Fuel Tank 28 Lt. 30 Lt. 33 Lt.
Capacity
Launch All Over India All Over India Region Wise
18. “BIG THINGS COME IN
SMALL PACKAGES”
NAMES ROLL NO.
VARSHARANI JADHAV 17
SUJATA KUTTE 24
NILESH SARGAM 38
SONALI SAWARDEKAR 39
ROSHNI SHAH 42
Thanks