File - Niraj Agarwal
Download
Report
Transcript File - Niraj Agarwal
Introduction- Bajaj Motors
World's third-largest manufacturer of motorcycles, the secondlargest in India and world’s largest three-wheeler manufacturer.
Present in over 50 countries all over the globe and are holding
a dominating presence in Africa, Latin America and South Asia.
In 2011 the company sold about 85,000 with net sales of the
company increased by 6.7% for Q1 FY14 to Rs 5,133 crore
Export ration- 891,002 units in and an increase of over 15% in
2012-2013
Situation Analysis- SWOT
Strengths
Weakness
Low cost
Low brand awareness
Fuel efficient
High marketing costs
Bike share
Peoples perception
Safety
Opportunities
Threats
Increase in student population
E-bikes
Employment opportunities
Fuel prices
Government policies
PEST
Political- favorable trade relations
Economic- employment opportunities
Social- country’s demographics
Technological- e-shopping, marketing, marketing research tool.
Porters 5 forces
Threat of new entrants
Threat of substitute products
Bargaining power of buyers
Bargaining power of suppliers
Competitive rivalry
Market Summary & Target Market
Competitors - BMW, Ducati, Harley-Davidson, Honda, Kawasaki, KTM, Suzuki,
Triumph, Victory and Yamaha.
street bikes take up 64% of the market share.
Target Market – college students and employed individuals between 22-60
years who are looking for an economically feasible mode of commuting.
Positioning - street bike which is economically cost effective and fuel
efficient.
Geographic- Ontario, Ottowa, Alberta & British Columbia
Marketing Objectives
Bajaj Motors aims to penetrate Pulsar 200NS into the Canadian Low CC Street
Motorcycle Market
Its goal is to establish brand awareness and demand among its target audience.
Reaching out and making the bike accessible and easily available to the target
audience.
One of their main objectives is to encourage
sales and obtain a 15% market share by
December 2015.
Product
Price
Marketing
Mix
Promotion
Place
Product
Price
Survival
Maximum Current Profit
Maximum Market Share
Place
Manufacturing unitColoumbia
Assembly - KTM
warehouse, Ontario
Distribution- KTM
Showroom, Canada
Consumers
Television
Commerci
als
Press
Release
Online
advertising
Promotion
Tradeshows
/events
Newspaper
Advertisement
Contingency Plan
• Difficulties and risk
• Worse case scenario.