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A
                       PRESENTATION
                            ON

“A STUDY ON CUSTOMER SATISFACTION TOWARDS OREVA E-BIKES"

                         Submitted to:
               (Kalol Institute of Management)
             IN PARTIAL FULFILLMENT OF THE
      REQUIREMENT OF THE AWARD FOR THE DEGREE OF
          MASTER OF BUSINESS ASMINISTRATION

                             In
               Gujarat Technological University

                 UNDER THE GUIDANCE OF
               Asst. professor : Ms. AVNI PATEL
                                            Presented by:
                                            RAVI SHARMA
                                            Enrollment No.: 117250592103

                                            FARHAN GHANCHI
                                            Enrollment No.:117250592074
                                            Batch : 2011-13
Flow of Presentation

   Industry Overview
   Porter’s Five Force Analysis
   Why E-Bike?
   SWOT Analysis
   Aims and Objectives
   Sources of Data
   Sampling Technique And Sample Size
   Scope and Methodology
   Questionnaire Analysis
   Findings and Suggestion
   Conclusion
INDUSTRY OVERVIEW
   The Indian two-wheeler industry recorded sales volumes of
    3.4 million units in Q3, 2011-12, a growth of 11.0 percent
    (Year-over-Year) but flat (Quarter-over-Quarter). Although the YoY
    volume growth of the industry remained in double digits, the pace
    of growth during the last quarter was at its lowest gear in the last
    three years, says an ICRA report.
   The deceleration in growth was contributed mainly by the
    motorcycles segment which grew at a much lower rate of 9.2
    percent (Year-over-Year) in Q3, 2011-12, even as the scooters
    segment continued to post 20 percent + (Year-over-Year)
    expansion. Overall, ICRA expects the domestic two-wheeler
    industry to report a volume growth of 13 percent in 2011-12 as
    ICRA expects growth to fade further in Q4, 2011-12 due to base
    effect.
( porter’s five force AnAlysis)
                               Threat of new entrants
                                     Moderate
                              Higher Capital
                              Expertise in Field needed




 Bargaining Power of                 Inter firm rivalry          Bargaining power of
       Suppliers                            High
          High                                                          buyers
                               High Competition                       Moderate
•Supplier power is high.
      •Many other              Electro herm India Limited     Buyer power is moderate
manufacturers are buying       Emmel Wheelers                 Equally competent
    from suppliers.            Hero Electric                  companies are available.




                                    Threat of Substitutes
                                            High
                              Two-Wheelers
                              Entrance of New international
                              companies.
Why E-Bikes?
 Global warming is a major concern all
  around and to save Mother Earth, there
  are several policies, promises and pledges.
 With increased number of fossil-fuel
  dependent vehicles, they not only add to
  greater level of pollution but are also
  leading to depletion of fuel resource.
SWOT
STRENGTHS                       WEAKNESSES
   Most environment friendly   •Not suitable for more range
    bike with zero pollution.
                                of speed.(50+)
   Only 7 paisa/km
                                •Lack of awareness about
   No gear, makes easy drive
    and comfort.                electrical bikes in rural area.
   More safety oriented        •Very less advertisements
    vehicle.
                                about electrical bikes.
   Saving of crude oil
    resources.
   Huge capacity expansion
    to meet demand
SWOT
OPPORTUNITIES                    THREATS
   Launch of electrical three   •Large number of domestic
    wheelers.                    competitors.
                                 •Increasing prices of raw
   Fuel prices touching the
                                 materials.
    highest peak rates.
                                 •Company is under pressure
   People opt for change in     to cut cost to bring down the
    new technology.              prices of the bike because
                                 competitors are offering at
                                 low price.
Aims & Objectives
   To identify customer satisfaction level for PERFECT
    OREVA E-BIKE Kalol.

   To study the opinion regarding E-Bike
Sources of Data
 PRIMARY: Questionnaire


 SECONDARY: Web      sites, News paper,Magazine, Book
 and Authorized Dealer Shop
Sampling Technique And Sample
Size
Convenient Sampling
 Sampling unit: Users of Perfect Oreva E-Bike in
  KALOL Area.
 Sampling size: 50
 Scope of Study : Kalol
Scope and Methodology

   In the research we have used the survey research
    approach. We have used to identify the consumers
    needs and preference or satisfaction level for PERFECT
    OREVA E-BIKE KALOL.
Q1 How long been using OREVA E-
Bikes?
Q-2     What Do You Feel About Price
of the Electric Bike ?
Q-3 The factors affecting
purchase of OREVA E- Bike:
Q-4     What is your opinion about the
long riding of OREVA E-Bike?
Q-5 Rate the following attributes
according to your opinion regarding
OREVA E-Bike.
Q-6 Rate your satisfactory level of
Oreva E-Bike after sales service?
Q-7    What is the maintenance
cost (Quarterly)?
Q-8 How do you feel about the
overall performance of this
vehicle?
Q-9 Please state whether you
would recommend our products
Findings
   OREVA E bike is capturing market share into the Electronic bikes from the survey it
    results into a customer who are using the vehicle from 1-3 years.
   Most of the customers are not much satisfied with the price of the product, and
    Price quoted by the companies has affected the customer satisfaction to a great
    deal.
   Customers were satisfied with the mileage of the Electric bikes and are convinced
    about the electric bike benefits and were willing to refer it to their friends.
   Maximum number of the customers feel the speed of the Electric bikes to be very
    low and were not satisfied with the current speed of the bikes.
   After sales service is at the average level where customer are not optimum
    satisfiers.
   Customers are satisfied with overall performance of the vehicle because of its
    economy in mileage and the novice in driving.
Suggestions
   There are only few advertisements in newspapers and TVs. Thus maximum
    advertisements need to be put up in these Medias as they reach wider
    audiences and for boost up advertisement must be done through social
    media campaign advertisements.
   More number of service centers need to be opened at least in major areas
    to cater to the problems & needs of the customers when needed.
   As most of the people prefer high speed thus the electric bikes needs
    technology upgrade so as to increase the sales of the E-Bikes.
   The price of the electric bikes need to be decreased it can be done by
    adopting sophisticated technologies and carrying out mass productions or
    some discounts on price or offers should be given in order to increase the
    sales.
   As appearance plays a major role for most of the customers while making
    purchasing decisions so the Electric Bikes need to be made more
    attractive.
Conclusion
   From the study conducted it was concluded that few number of
    respondents are not aware of OREVA Electric bikes. So various
    promotional activities need to be taken in order to increase the
    awareness level & thereby increase the sales. The study also
    identified and evaluated the consumer perception toward various
    factor about electric bike.
   The result of this study shows that there is a combination of both
    positive and negative effect of that factor on consumer perception.
    Here most of the respondents consider the cost and the mileage
    while purchasing a bike, so there are ample potential to electric
    bike in two wheeler sectors.
Bibliography
BOOKS :
   The following books, which are lots of help in completion of project. Those
    are stated at below:
   “Marketing Management” by Philip Kotler, The Millennium Edition,
    Published by Prentice Hall India.
WEBSITE :
   WWW.OREVA.COM
   WWW.EVfuture.COM
   WWW.WIKIPEDIA.COM
   WWW.ELECTRICBIKES.COM
Oreva Power Bike

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Oreva Power Bike

  • 1. A PRESENTATION ON “A STUDY ON CUSTOMER SATISFACTION TOWARDS OREVA E-BIKES" Submitted to: (Kalol Institute of Management) IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF THE AWARD FOR THE DEGREE OF MASTER OF BUSINESS ASMINISTRATION In Gujarat Technological University UNDER THE GUIDANCE OF Asst. professor : Ms. AVNI PATEL Presented by: RAVI SHARMA Enrollment No.: 117250592103 FARHAN GHANCHI Enrollment No.:117250592074 Batch : 2011-13
  • 2. Flow of Presentation  Industry Overview  Porter’s Five Force Analysis  Why E-Bike?  SWOT Analysis  Aims and Objectives  Sources of Data  Sampling Technique And Sample Size  Scope and Methodology  Questionnaire Analysis  Findings and Suggestion  Conclusion
  • 3. INDUSTRY OVERVIEW  The Indian two-wheeler industry recorded sales volumes of 3.4 million units in Q3, 2011-12, a growth of 11.0 percent (Year-over-Year) but flat (Quarter-over-Quarter). Although the YoY volume growth of the industry remained in double digits, the pace of growth during the last quarter was at its lowest gear in the last three years, says an ICRA report.  The deceleration in growth was contributed mainly by the motorcycles segment which grew at a much lower rate of 9.2 percent (Year-over-Year) in Q3, 2011-12, even as the scooters segment continued to post 20 percent + (Year-over-Year) expansion. Overall, ICRA expects the domestic two-wheeler industry to report a volume growth of 13 percent in 2011-12 as ICRA expects growth to fade further in Q4, 2011-12 due to base effect.
  • 4. ( porter’s five force AnAlysis) Threat of new entrants Moderate Higher Capital Expertise in Field needed Bargaining Power of Inter firm rivalry Bargaining power of Suppliers High High buyers High Competition Moderate •Supplier power is high. •Many other Electro herm India Limited Buyer power is moderate manufacturers are buying Emmel Wheelers Equally competent from suppliers. Hero Electric companies are available. Threat of Substitutes High Two-Wheelers Entrance of New international companies.
  • 5. Why E-Bikes?  Global warming is a major concern all around and to save Mother Earth, there are several policies, promises and pledges.  With increased number of fossil-fuel dependent vehicles, they not only add to greater level of pollution but are also leading to depletion of fuel resource.
  • 6. SWOT STRENGTHS WEAKNESSES  Most environment friendly •Not suitable for more range bike with zero pollution. of speed.(50+)  Only 7 paisa/km •Lack of awareness about  No gear, makes easy drive and comfort. electrical bikes in rural area.  More safety oriented •Very less advertisements vehicle. about electrical bikes.  Saving of crude oil resources.  Huge capacity expansion to meet demand
  • 7. SWOT OPPORTUNITIES THREATS  Launch of electrical three •Large number of domestic wheelers. competitors. •Increasing prices of raw  Fuel prices touching the materials. highest peak rates. •Company is under pressure  People opt for change in to cut cost to bring down the new technology. prices of the bike because competitors are offering at low price.
  • 8. Aims & Objectives  To identify customer satisfaction level for PERFECT OREVA E-BIKE Kalol.  To study the opinion regarding E-Bike
  • 9. Sources of Data  PRIMARY: Questionnaire  SECONDARY: Web sites, News paper,Magazine, Book and Authorized Dealer Shop
  • 10. Sampling Technique And Sample Size Convenient Sampling  Sampling unit: Users of Perfect Oreva E-Bike in KALOL Area.  Sampling size: 50  Scope of Study : Kalol
  • 11. Scope and Methodology  In the research we have used the survey research approach. We have used to identify the consumers needs and preference or satisfaction level for PERFECT OREVA E-BIKE KALOL.
  • 12.
  • 13. Q1 How long been using OREVA E- Bikes?
  • 14. Q-2 What Do You Feel About Price of the Electric Bike ?
  • 15. Q-3 The factors affecting purchase of OREVA E- Bike:
  • 16. Q-4 What is your opinion about the long riding of OREVA E-Bike?
  • 17. Q-5 Rate the following attributes according to your opinion regarding OREVA E-Bike.
  • 18. Q-6 Rate your satisfactory level of Oreva E-Bike after sales service?
  • 19. Q-7 What is the maintenance cost (Quarterly)?
  • 20. Q-8 How do you feel about the overall performance of this vehicle?
  • 21. Q-9 Please state whether you would recommend our products
  • 22. Findings  OREVA E bike is capturing market share into the Electronic bikes from the survey it results into a customer who are using the vehicle from 1-3 years.  Most of the customers are not much satisfied with the price of the product, and Price quoted by the companies has affected the customer satisfaction to a great deal.  Customers were satisfied with the mileage of the Electric bikes and are convinced about the electric bike benefits and were willing to refer it to their friends.  Maximum number of the customers feel the speed of the Electric bikes to be very low and were not satisfied with the current speed of the bikes.  After sales service is at the average level where customer are not optimum satisfiers.  Customers are satisfied with overall performance of the vehicle because of its economy in mileage and the novice in driving.
  • 23. Suggestions  There are only few advertisements in newspapers and TVs. Thus maximum advertisements need to be put up in these Medias as they reach wider audiences and for boost up advertisement must be done through social media campaign advertisements.  More number of service centers need to be opened at least in major areas to cater to the problems & needs of the customers when needed.  As most of the people prefer high speed thus the electric bikes needs technology upgrade so as to increase the sales of the E-Bikes.  The price of the electric bikes need to be decreased it can be done by adopting sophisticated technologies and carrying out mass productions or some discounts on price or offers should be given in order to increase the sales.  As appearance plays a major role for most of the customers while making purchasing decisions so the Electric Bikes need to be made more attractive.
  • 24. Conclusion  From the study conducted it was concluded that few number of respondents are not aware of OREVA Electric bikes. So various promotional activities need to be taken in order to increase the awareness level & thereby increase the sales. The study also identified and evaluated the consumer perception toward various factor about electric bike.  The result of this study shows that there is a combination of both positive and negative effect of that factor on consumer perception. Here most of the respondents consider the cost and the mileage while purchasing a bike, so there are ample potential to electric bike in two wheeler sectors.
  • 25. Bibliography BOOKS :  The following books, which are lots of help in completion of project. Those are stated at below:  “Marketing Management” by Philip Kotler, The Millennium Edition, Published by Prentice Hall India. WEBSITE :  WWW.OREVA.COM  WWW.EVfuture.COM  WWW.WIKIPEDIA.COM  WWW.ELECTRICBIKES.COM