Project Report On Hyundai Cars
Project Report On Hyundai Cars
Project Report On Hyundai Cars
ON
DHARMSHALA CAMPUS
(2020-2022)
ACKNOWLEDGEMENT
i
It gives me immense pleasure and privilege to acknowledge my deepest
sense of gratitude towards all those who helped me in the successful
execution of this project..
ABC
MBA 2nd semester
CHAPTER INDEX
Chapter No. Title Page No.
ii
1 Introduction 1-7
TABLE OF CONTENTS
Chapter Title Page No
No
Acknowledgement Ii
iii
Chapter Index Ii
List of Tables V
List of Chart Vi
I Introduction 1
II Company Profile 8
iv
BIBLIOGRAPHY
ANNEXURE
LIST OF TABLES
Table TABLE NAME Page
No. No.
4.03 Which factor prompted you to buy Hyundai car among all 26
other brands
4.05 Are you satisfied with the seating capacity of Hyundai cars 28
4.06 How do you rate the price of Hyundai cars when compared 29
to other cars of same segment
v
4.09 How is availability of Hyundai spare parts 32
4.10 What you will say about after sale service of company 33
4.11 Does the sale team of Hyundai regularly visit to your outlet 34
places
LIST OF CHART
Table TABLE NAME Page
No. No.
4.05 Are you satisfied with the seating capacity of Hyundai cars 28
4.06 How do you rate the price of Hyundai cars when compared 29
to other cars of same segment
4.10 What you will say about after sale service of company 33
vi
4.11 Does the sale team of Hyundai regularly visit to your outlet 34
places
vii
CHAPTER-1
INTRODUCTION
The Automobile Industry finally came of age with Henry Ford in 1914 for the
bulk production of cars. This lead to the development of the industry and it first
begun in the assembly lines of his car factory. The several methods adopted by
Ford, made the new invention (that is, the car) popular amongst the rich as well
as the masses.
According the History of Automobile Industry US, dominated the automobile
markets around the globe with no notable competitors. However, after the end
of the Second World War in 1945, the Automobile Industry of other
technologically advanced nations such as Japan and certain European nations
gained momentum and within a very short period, beginning in the early 1980s,
the U.S Automobile Industry was flooded with foreign automobile companies,
especially those of Japan and Germany.
1
The current trends of the Global Automobile Industry reveal that in the
developed countries the Automobile Industries are stagnating as a result of the
drooping car markets, whereas the Automobile Industry in the developing
nations, such as, India and Brazil, have been consistently registering higher
growth rates every passing year for their flourishing domestic automobile
markets. .
In 2019, India was the fifth-largest auto market, with ~3.81 million units combined
sold in the passenger and commercial vehicles categories. It was the seventh largest
manufacturer of commercial vehicles in 2019.
The two wheelers segment dominate the market in terms of volume owing to a
growing middle class and a young population. Moreover, the growing interest of the
companies in exploring the rural markets further aided the growth of the sector. India
is also a prominent auto exporter and has strong export growth expectations for the
near future. In addition, several initiatives by the Government of India and major
automobile players in the Indian market is expected to make India a leader in the
twowheeler and four-wheeler market in the world by 2020.
Market Size
Domestic automobiles production increased at 2.36% CAGR between FY16-20 with
26.36 million vehicles being manufactured in the country in FY20. Overall, domestic
automobiles sales increased at 1.29% CAGR between FY16-FY20 with 21.55 million
vehicles being sold in FY20.
Two wheelers and passenger vehicles dominate the domestic Indian auto market.
Passenger car sales are dominated by small and mid-sized cars. Two wheelers and
passenger cars accounted for 80.8% and 12.9% market share, respectively, accounting
for a combined sale of over 20.1 million vehicles in FY20.
Passenger vehicle (PV) sales stood at 3,10,294 units in October 2020, compared with
2,71,737 units in October 2019, registering a 14.19% growth. As per Federation of
2
Automobile Dealers Associations (FADA), PV sales in December 2020 stood at
271,249 units, compared with 218,775 units in December 2019, registering a 23.99%
growth.
Overall, automobile export reached 4.77 million vehicles in FY20, growing at a
CAGR of 6.94% during FY16-FY20. Two wheelers made up 73.9% of the vehicles
exported, followed by passenger vehicles at 14.2%, three wheelers at 10.5% and
commercial vehicles at 1.3%.
EV sales, excluding E-rickshaws, in India witnessed a growth of 20% and reached
1.56 lakh units in FY20 driven by two wheelers. According to NITI Aayog and Rocky
Mountain Institute (RMI) India's EV finance industry is likely to reach Rs. 3.7 lakh
crore (US$ 50 billion) in 2030.
Investments
In order to keep up with the growing demand, several auto makers have started
investing heavily in various segments of the industry during the last few months. The
industry has attracted Foreign Direct Investment (FDI) worth US$ 24.62 billion
between April 2000 and September 2020, according to the data released by
Department for Promotion of Industry and Internal Trade (DPIIT).
Some of the recent/planned investments and developments in the automobile sector in
India are as follows:
• In February 2021, the Delhi government started the process to set up 100
vehicle battery charging points across the state to push adoption of electric
vehicles.
• In January 2021, Fiat Chrysler Automobiles (FCA) announced an investment of
US$ 250 million to expand its local product line-up in India.
3
• A cumulative investment of ~Rs. 12.5 trillion (US$180 billion) in vehicle
production and charging infrastructure would be required until 2030 to meet
India’s electric vehicle (EV) ambitions.
• In January 2021, Lamborghini announced it is aiming to achieve sales in India
higher than the 2019-levels, after recovering from pandemic-induced
disruptions.
• In January 2021, Tesla, the electric car maker, set up a R&D centre in
Bengaluru and registered its subsidiary as Tesla India Motors and Energy
Private Limited.
• In November 2020, Mercedes Benz partnered with the State Bank of India to
provide attractive interest rates, while expanding customer base by reaching out
to potential HNI customers of the bank.
• Hyundai Motor India invested ~Rs. 3,500 crore (US$ 500 million) in FY20,
with an eye to gain the market share. This investment is a part of Rs. 7,000
crore (US$ 993 million) commitment made by the company to the Tamil Nadu
government in 2019.
• In October 2020, Kinetic Green, an electric vehicles manufacturer, announced
plan to set up a manufacturing facility for electric golf carts besides a battery
swapping unit in Andhra Pradesh. The two projects involving setting up a
manufacturing facility for electric golf carts and a battery swapping unit will
entail an investment of Rs. 1,750 crore (US$ 236.27 million).
• In October 2020, Japan Bank for International Cooperation (JBIC) agreed to
provide US$ 1 billion (Rs. 7,400 crore) to SBI (State Bank of India) for
funding the manufacturing and sales business of suppliers and dealers of
Japanese automobile manufacturers and providing auto loans for the purchase
of Japanese automobiles in India.
• In October 2020, MG Motors announced its interest in investing Rs. 1,000
crore (US$ 135.3 million) to launch new models and expand operations in spite
of the anti-China sentiments.
4
• In October 2020, Ultraviolette Automotive, a manufacturer of electric
motorcycle in India, raised a disclosed amount in a series B investment from
GoFrugal Technologies, a software company.
• In September 2020, Toyota Kirloskar Motors announced investments of more
than Rs 2,000 crore (US$ 272.81 million) in India directed towards electric
components and technology for domestic customers and exports.
• During early September 2020, Mahindra & Mahindra singed a MoU with
Israel-based REE Automotive to collaborate and develop commercial electric
vehicles.
• In April 2020, TVS Motor Company bought UK’s iconic sporting motorcycle
brand, Norton, for a sum of about Rs. 153 crore (US$ 21.89 million), making
its entry into the top end (above 850cc) segment of the superbike market.
• In March 2020, Lithium Urban Technologies partnered with renewable energy
solutions provider, Fourth Partner Energy, to build charging infrastructure
across the country.
• In January 2020, Tata AutoComp Systems, the auto-components arm of Tata
Group entered a joint venture with Beijing-based Prestolite Electric to enter the
electric vehicle (EV) components market.
Government Initiatives
The Government of India encourages foreign investment in the automobile sector and
has allowed 100% foreign direct investment (FDI) under the automatic route.
Some of the recent initiatives taken by the Government of India are -
• In Union Budget 2021-22, the government introduced the voluntary vehicle
scrappage policy, which is likely to boost demand for new vehicles after
removing old unfit vehicles currently plying on the Indian roads.
• In February 2021, the Delhi government started the process to set up 100
vehicle battery charging points across the state to push adoption of electric
vehicles.
• The Union Cabinet outlaid Rs. 57,042 crore (US$ 7.81 billion) for automobiles
& auto components sector in production-linked incentive (PLI) scheme under
the Department of Heavy Industries.
5
• The Government aims to develop India as a global manufacturing centre and a
Research and Development (R&D) hub.
• Under NATRiP, the Government of India is planning to set up R&D centres at
a total cost of US$ 388.5 million to enable the industry to be on par with global
standards.
• The Ministry of Heavy Industries, Government of India has shortlisted 11 cities
in the country for introduction of EVs in their public transport systems under
the FAME (Faster Adoption and Manufacturing of (Hybrid) and Electric
Vehicles in India) scheme. The Government will also set up incubation centre
for start-ups working in the EVs space.
• In February 2019, the Government of India approved FAME-II scheme with a
fund requirement of Rs. 10,000 crore (US$ 1.39 billion) for FY20-22.
Achievements
Following are the achievements of the Indian automotive sector:
Road Ahead
The automobile industry is supported by various factors such as availability of skilled
labour at low cost, robust R&D centres, and low-cost steel production. The industry
also provides great opportunities for investment and direct and indirect employment to
skilled and unskilled labour.
Indian automotive industry (including component manufacturing) is expected to reach
Rs. 16.16-18.18 trillion (US$ 251.4-282.8 billion) by 2026.
The Indian auto industry is expected to record strong growth in 2021-22, post
recovering from effects of COVID-19 pandemic. Electric vehicles, especially
twowheelers, are likely to witness positive sales in 2021-22.
References: International Organization of Motor Vehicle Manufacturers, Media
Reports, Press Releases, Department for Promotion of Industry and Internal Trade
(DPIIT), Automotive Component Manufacturers Association of India (ACMA), Society
of Indian Automobile Manufacturers (SIAM), Union Budget 2021-22
7
CHAPTER – 2
COMPANY PROFILE
8
manufacturing and production site for developing cars. This assembly plant not only
boasts it sown assembly facilities but also a R&D center, a performance
experimenting and testing center, and a driving testing ground.
HMIL's first car, the Hyundai Santro was launched on 23 September 1998 and was a
runaway success. Within a few months of its inception HMIL became the second
largest automobile manufacturer and the largest automobile exporter in India. Hyundai
Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor
Company (HMC), South Korea and is the largest passenger car exporter and the
second largest car manufacturer in India. HMIL presently markets 10 models – Eon,
Grand i10, Xcent, Elite i20, i20 Active, Verna, Creta, Elantra, Tucson, and the newly
launched Santro.
HMC has set up a research and development facility (Hyundai Motor India
Engineering – HMIE) in the cyber city of Hyderabad.
As HMC's global export hub for compact cars, HMIL is the first automotive company
in India to achieve the export of 10 lakh cars in just over a decade. HMIL currently
exports cars to more than 87 countries across EU, Africa, Middle East, Latin America,
Asia and Australia. It has been the number one exporter of passenger cars of the
country for the eighth year in a row.[2]
To support its growth and expansion plans, HMIL currently has 493 strong dealer
network and more than 1,309 strong service points across India.
9
In July 2012, Arvind Saxena, the Director of Marketing and Sales stepped down from
the position after serving the company for 7 years.[3]
On December 4, 2018: Hyundai Motor India Ltd, announced the top level
management changes with immediate effect. Mr. Seon Seob Kim assumed the
responsibilities of ‘MD & CEO’ from Mr. Young Key Koo.
Mr. Y K Koo completed 3 years’ successful tenure to lead Indian operations and has
led Hyundai Motor India to newer heights setting new benchmarks. Out of his 35
years of professional career with Hyundai Motor Company, Mr. Y K Koo had been
the part of the Senior Management for long 12 Years in India with a strong
understanding and orientation of Indian Auto Industry. His first stint from 1997-2001,
when Hyundai established itself as a household name was with the launch of 1st
generation 'SANTRO' and ‘ACCENT’ in India. He strengthened the sales and
marketing operations during his second tenure from 2008-2011 and again headed the
Indian operations in his 3rd tenure from November 2015 to November 2018.
Recognizing his unmatched leadership and efforts, Mr. Koo received the Award of
'NDTV Automotive Man of the Year' for his contribution in growth of the Indian
Automobile Industry..
R&D Centre
Regional Headquarter
10
W.E.F 2 July 2018,As part of organizational restructuring, Hyundai has announced the
creation of three regional headquarters – Hyundai Motor India, Hyundai Motor North
America and Hyundai Motor Europe. The regional headquarters will have various
divisions for planning, finance, products and customer experience. They will work in
collaboration with Hyundai Motor Company – the corporate headquarters based in
Seoul, South Korea.
Hyundai Motor India lead by SS Kim will oversee the operations of the brand in the
regional market.
Named Indian Quality Centre(INQC),The centre is one of the five quality Centre
worldwide after the U.S,China,Europe and Middle East. The India centre located at
Faridabad,Haryana will conduct durability study of existing models and benchmark
parts and systems for constant improvement.
The key activity of India quality Centre would be to "contribute in new car
development from pilot stage to create quality product with zero defect" .
Besides, the centre will also be responsible for ensuring "top level safety
quality "through proactive customer oriented management system and
understanding feedback from them to eliminate potential risks. The centre also
has an objective to study market conditions and other Asia Pacific regions to
develop new cars and adapt strategies for continuous product quality
improvement.
The company also opened a training centre at same facility. It will have its own
body and paint unit,The new service training will ensure overall skill
development of entire service profile of dealer manpower
11
A management motto at Hyundai is “Customer first, best in technology, best in quality
and best value for human beings”. Hyundai as a company is dedicated to create new
value for its customers. Hyundai Motor Company’s target is to care for the
environment and devote attention to the future of our children and their ability to
inhabit a clean, pollution managed world. Hyundai believes that they have achieved
the current status as a world-class company by faithfully enforcing seven management
principles and creating an atmosphere where by each and every member of the
company is able to work for the benefit of common future. As a result, Hyundai motor
company is committed to its social responsibilities as it fulfills its mission with
dedication and strength of purpose.
Hyundai dispatched 47,400 units in December 2020 and registered a YoY growth of
25% & MoM volumes fell by -3%. This is the highest volumes Hyundai has recorded
in any December till date!ModelYear-on-Year ComparoMonth-on-Month
ComparoDec’20Dec’19Growth (%)Dec’20Nov’20Growth
(%)VENUE12,3139,52129%12,3139,26533%Creta10,5926,71358%10,59212,01712
%i10 Grand10,2637,59835%10,26310,936-6%i20 Elite8,0047,7403%8,0049,096-
12%Aura3,1131,139173%3,1133,0632%SANTRO1,9603,820-49%1,9602,822-
31%Verna1,0361,295-20%1,0361,487-
30%Tucson809213%80765%KONA2412100%240–Elantra1523-35%1538-
61%TOTAL47,40037,95325%47,40048,800-3%
1. Hyundai saw 24.89% increase in its domestic car sales to 47,400 units in
December 2020. The company had sold 37,953 units in December 2019.
2. Hyundai India also set a new record of highest production in a single month
since inception with 71,178 units in December 2020!
3. Do note that the Top 2 selling Hyundai’s were SUVs in December 2020.
Hyundai has been able to rapidly enhance its Market Share in SUV space and is
getting significant share from the segment.
4. Venue was Hyundai’s best selling model and India’s No.1 SUV in Dec’20. It
registered dispatches of 12,313 units and grew 29% YoY.
12
5. Creta came in second and sold 10,592 units with a YoY increase of 58%.
CHAPTER-3
RESEARCH METHODOLOGY
13
To study and understand the key service parameters using Customer Satisfaction and
reflect upon the low performing areas:
• To study the opinion of the customers regarding the availability and cost of
spare parts.
• To study the opinion of the owners of cars regarding its features like mileage,
price etc.
• To study the information resources that the customer using before purchasing
the car.
• The study covers the customer’s perceptions and their most used product.
14
• The study is also intended to know the level of customer satisfaction towards
HYUNDAI cars when compared to other brands, as the automobile industry is facing
a stiff competition due to globalization.
Research Design specifies the methods and procedures for conducting a particular
study. A Research Design is the arrangement of conditions for collection and analysis
of the data in a manner that aims to combine relevance to the research purpose with
economy in procedure. Research.
15
On the basis of the objective of study, the studies which are concerned with describing
the character tics of a particular individual, or of a group of individual under study
comes under Descriptive Research Design.
A Sample Design is a definite plan for obtaining a sample from a given population. It
refers t the technique r the procedure adopted in selecting items for the sample. The
main constitution of the sampling design is as below-
1. Sampling Unit
2. Sample Size
3. Sampling Procedure
16
SAMPLING UNIT
A sampling framework i.e. developed for the target population that will be sampled
i.e. who is to be surveyed.
• Consumers
SAMPLE SIZE
It is the substantial portion of the target population that are sampled to achieve reliable
results.
SAMPLING PROCEDURE
The procedure to choose the respondents to obtain a representative sample, a
nonprobability sampling technique is applied for the target – market.
Convenience Sampling
17
The survey process is not complete without consulting the Distributor & Retailers. The
distributors are the key nodes that make the chain moving effectively. So the response
made by them is also an essential criterion to involved and reaching for certain
decisions.
There are several ways of collecting appropriate data that differ considerably in the
context of money costs, time, and other resources at the disposal of the researcher.
The tools used for data collection are as:
PRIMARY DATA
The primary data are those data, which are collected afresh and for the first time. And
happen to be original in character. The primary data to be collected for the study are-
SECONDARY DATA
Secondary data means data that are already available i.e., they refer the data, which
have already been collected and analyzed by someone else. When the researcher
utilizes secondary data, then he has to look into various sources from where he can
obtain them, IN this case he is certainly not confronted with the problems that are
usually associated with the collection of original data. Secondary data may either be
published data or unpublished data. Usually published data are available in:
18
• Various publications of the central, state and local governments;
• Various publications of foreign government or of international bodies and their
subsidiary organization;
• Technical and trade journals:
• Books, magazines and newspapers;
• Reports and publications of various associations connected with business and
industry, banks, stock, exchanges etc.;
• Reports prepared by research scholars, universities, economists etc. In
different fields, and
• Public records and statistics, historical documents, and other sources of
published information. The sources of unpublished data are many; they may be
found in diaries, letters, unpublished biographies and autobiographies and also
may be available with scholars and research workers, trade associations, labor
bureaus and other public/private individuals and organizations.
▪ Due to constraint of time only city of kangra is selected and so it cannot claim
to be a comprehensive study of the population.
19
▪ People are not interested in filing the questioner, so they don’t prefer it.
▪ People are not so much aware about these types of surveys and they ask many
questions.
▪ Another problem which I face was that people were hesitating to give
information about their views freely.
CHAPTER – 4
Chart – 4.01
50%
45%
40% Magazines
35% Newspper
30%
25% TV ads
20% Friends
15%
10%
5%
0%
Magazines Newspper TV ads Friends
21
INTERPRETATION
The above chart shows that 50% of respondents come to know about Hyundai by TV ads,
while 25% people know Hyundai by friends and 17% respondents know by magazines. There
are very few people who know about Hyundai by newspaper.
22
Q2 Which type of Hyundai car would you prefer to buy?
Table – 4.02
OPTIONS NO OF RESPONDENTS PERCENTAGE
SUV 26 43%
SEDAN 10 16%
HATCHBACK 19 32%
OTHERS 5 9%
TOTAL 60 100%
Chart – 4.02
50%
45%
40%
35%
30% SUV
25% SEDAN
20% HATCHBCK
OTHERS
15%
10%
5%
0%
SUV SEDAN HATCHBCK OTHERS
INTERPRETATION
From the above chart, 43% of the respondents preferring to buy Hyundai SUV
cars ,32% respondents prefer to buy Hyundai hatchback cars ,while only 16 %
respondents prefer to buy Sedan cars.
23
TABLE – 4.03
Chart – 4.03
55%
60%
50%
40%
30%
16%
20% 13%
8% 8%
10%
0%
Brnd image Maintenance Price Service Promotion
INTERPRETATION
From above chart it is clear, 55% of the respondents are influenced to buy car by the Brand
image of Hyundai. 16% respondents are influenced by Maintenance, 13% are influenced by
service and only 8% which are influenced by Price and promotion factor.
24
OPTIONS NO OF RESPONDENTS PERCENTAGE
Delighted 10 17%
Relaxed 25 42%
Comfortable 20 33%
Uncomfortable 5 8%
TOTAL 60 100%
Chart – 4.04
Uncomfortable
Comfortable Delighted
Relaxed
Relaxed Comfortable
Uncomfortable
Delighted
INTERPRETATION
From above chart it is clear, 42% of the respondents feeling relaxed when they drive Hyundai
cars, while 33% of respondents feeling comfortable and 17% feeling delighted . very few
respondents are feeling uncomfortable .
25
NO 10 17%
TOTAL 60 100%
Chart - 4.05
YES NO
17%
83%
INTERPRETATION
Above chart shows that 83% of the respondents are satisfied with the seating capacity of
Hyundai cars while only 17% are not satisfied with the seating capacity.
26
Q6 How do you rate the price of Hyundai cars when
compared to other cars of same segment?
Table – 4.06
OPTIONS NO OF RESPONDENTS PERCENTAGE
Very Expensive 7 11%
Expensive 36 60%
Economic 13 21%
low 4 8%
TOTAL 60 100%
Chart – 4.06
Low
8% Very expensive
11%
Economic
21%
Expensive
60%
INTERPRETATION
Chart shows that 60% of the respondents rate Hyundai cars Expensive than other segment
cars. 21% of the respondents taking Hyundai as economic cars, while 11% are taking as very
expensive. Only few respondents (8%) taking Hyundai as low price cars.
Q7 Please rank the mileage of Hyundai cars compared to the other segment
of cars?
27
Table – 4.07
Chart – 4.07
3%
20%
Excellent
47% Good
Average
Poor
30%
28
INTERPRETATION
As shown in the chart majority (47%) of respondents rating Hyundai cars has poor mileage
as compared to the other segment cars. 30% of the respondents rate average on the basis of
mileage, whereas 20% of the respondents rate Hyundai cars as Good mileage . only 3%
people rate Excellent on the basis of mileage.
Chart – 4.08
Good Average Poor
75%
17%
8%
Good
Average
Poor
INTERPRETATION
Above graph shows that 75% of the respondents are treated good by the
company during complaints , where as 17% respondents are treated average .
Only 8% of the respondents have poor experience.
29
30
Q9 How is availability of Hyundai spare parts?
Table – 4.09
OPTIONS NO OF RESPONDENTS PERCENTAGE
Availability 53 89%
Sometime availability 5 8%
Rarely availability 2 3%
TOTAL 60 100%
Chart -4.09
90%
80%
70%
60% Availability
50% Sometime availabilty
40% Rarely availability
30%
20%
10%
0%
Availability Sometime Rarely availability
availabilty
INTERPRETATION
From the above chart it is clear, mostly (89%) respondents saying that there is
availability of Hyundai spare parts. Only 8% respondents saying that there is
sometime availability and 3% of respondents consider there is rare availability
of spare parts of Hyundai cars.
Q10 What you will say about after sale service of company?
31
Table - 4.10
OPTIONS NO OF RESPONDENTS PERCENTAGE
Good 15 25%
Average 26 43%
Poor 19 32%
TOTAL 60 100%
Chart – 4.10
43%
32%
25%
INTERPRETATION
From above chart, it is clearly seen that 43% of respondents are rating after sale
service of Hyundai as Average, whereas 32% of respondents are rating Poor
after sale service by Hyundai. Only 25% of respondents are rating Good.
Q11 Does the sale team of Hyundai regularly visit to your outlet
places?
32
Table – 4.11
Chart -4.11
INTERPRETATION
As shown in the chart 60% of the respondents are saying that there is no regular
visiting by Hyundai sales team in their outlets places. Only 40% of the
respondents are saying yes that Hyundai sales team visit regularly their outlets
places.
33
Q12Would you recommend Hyundai cars to your friends,
colleagues or relatives?
Table – 4.12
Chart – 4.12
Unlikely 17%
Neutral 25%
Likely 58%
INTERPRETATION
From chart it is clear that 58% of the respondents are like to prefer Hyundai cars
to their relatives and friends, while 25% of the respondents are replying as
neutral. Only 17% of the respondents are unlike to prefer Hyundai cars.
34
Table – 4.13
OPTIONS NO OF RESPONDENTS PERCENTAGE
Agree 35 58%
Disagree 25 42%
TOTAL 60 100%
Chart – 4.13
42%
Agree
58% Disagree
INTERPRETATION
Here chart shows that 58% of the respondents are agree to consider Hyundai
cars as values for money whereas 42% of the respondents are disagree to
consider Hyundai cars as value for money.
Q14 What do you think about brand position of Hyundai cars in INDIA?
Table – 4.14
35
OPTIONS NO OF RESPONDENTS PERCENTAGE
Excellent 2 3%
Good 28 47%
Average 18 30%
Poor 12 20%
TOTAL 60 100%
Chart – 4.14
47%
30%
20%
3%
INTERPRETATION
36
CHAPTER – 5
CONCLUSION AND
RECOMMENDATION
CONCLUSION
2. Almost all the respondents are satisfied with the seating capacity in their
cars.
3. Maximum of the respondents considers that the cost of their car is
economical and respondents consider that it is moderate when compared
to same segment cars of other manufactures.
37
4. Maximum of the respondents considers the mileage as Poor.
7. Maximum of the respondents are satisfied with the after sale service of
the company.
8. Maximum of the respondents prefer to buy Hyundai SUV cars than other
like sedan, hatchback etc.
10. The study shows that television is the most effective media for
advertising as 50% of respondents came to know about Hyundai.
RECOMMENDATION
1. MILEAGE: The Company is not consistent as for the mileage is
concerned. Some of the people are quite satisfied while some are not at all
satisfied, extensive communication is thus needed to overcome this
problem.
2. PICK UP: Hyundai engine car is poor especially while the A/C is on.
The improvement on the technical aspects should be performed.
38
3. COST OF SPARE PARTS: The spares Parts of Hyundai are more
expensive as compared to the competitor’s. People are not too much aware
of the outlets. An effective advertising in this respect is needed.
7. Some of the customers have also complained about the after purchase
services provided by the showroom. Even though the complaints are
minor, the showroom needs to resolve the customer after purchase service
issues in order to achieve customer satisfaction
.
39
8. Few respondents felt that the paint and body was not up to the mark. It is
more prone to rust. This is an area of concern which the company should
look upon.
40
BIBLIOGRAPHY
Books:
WEBSITES
• www.hyundaimotorindia.com
• https://en.wikipedia.org/wiki/Hyundai
• www.automeet.com
a
ANNEXURE
QUESTIONAIRE
T0PIC- CUSTOMER SATISFACTION IN HYUNDAI CARS
b
Personal information:
Name :
Age :
Gender :
Occupation:
a) Magazines
b) Newspaper
c) TVs ads
d) Friends
e) Other
a) SUV
b) Sedan
c) Hatchback
d) Others
Q3 Which factor prompted you to buy Hyundai car among all other
brands ?
a) Brand image
b) Price
c) Service
d) Maintence
e) Promotion
Q4 How do you feel when you drive Hyundai cars ?
a) Delighted
b) Relaxed
c) Comfortable
c
d) Uncomfortable
a) Yes
b) No
Q6 How do you rate the price of Hyundai cars when compared to other
cars of same segment ?
a) Expensive
b) Moderate
c) Economic
d) Very low
a) Excellent
b) Good
c) Average
d) Poor
a) Good
b) Average
c) Bad
a) Availability
b) Sometime availability
c) Rarely availability
Q10 What you will say about after sale service of company ?
a) Good
b) Average
c) Poor
d
Q11 Does the sale team of Hyundai regularly visit to your outlet places ?
a) Yes
b) No
a) Very likely
b) Likely
c) Neutral
d) Unlikely
e) Very unlikely
a) Agree
b) Neutral
c) Disagree
Q14 What do you think about brand position of Hyundai cars in INDIA ?
a) Excellent
b) Good
c) Average
d) Poor