Professional Documents
Culture Documents
CUSTOMER SATISFACTION
TOWARDS TVS BIKES
(Session: 2012-2013)
Gurwinder Singh
PGDM IInd Sem.
INTRODUCTION
The TVS Group is one of India's largest industrial conglomerates. TV Sundram Iyengar and Sons
Limited, established in 1911, is the parent and holding company of the TVS Group.
TVS Motor Company is the third largest two-wheeler manufacturer in India and one among the
top ten in the world, with annual turnover of more than USD 1 billion in 2008-2009, and is the
flagship company of the USD 4 billion TVS Group. With a workforce of over 5000, the
company has 4 plants - located at Hosur and Mysore in South India, in Himachal Pradesh, North
India and one at Indonesia. The company has a production capacity of 300 thousand units a year.
TVS and Sons also distribute Heavy Duty Commercial Vehicles, Jeeps and Cars. It represents
premier automotive companies like Ashok Leyland, Mahindra and Mahindra Ltd., Fiat and
Honda. It also distributes automotive spare parts for several leading manufacturers.
TVS & Sons has grown into a leading logistics solution provider and has set up state-of-the-art
warehouses all over the country. It has also diversified into distributing Garage equipment that
ranges from paint booths to engine analyzers and industrial equipment products.
GROUP COMPANIES
With steady growth, expansion and diversification, today TVS commands a strong presence in
various fields-two-wheelers, automotive components, automotive spares, computer peripherals
and finance.
Lakshmi Auto Components Limited - Large OE supplier of two wheeler gears and camshafts.
Lucas Indian Service Limited (www.lucasindia.com) - Company looks after the distribution of
auto electrical components all over India.
Axles India Limited - A joint venture with Eaton Limited, U.K. Manufactures axle housings
and drive heads for heavy and light commercial vehicles
COMPANY AT PRESENT & IN FUTURE
Successfully launched the Victor and Fiero-F 2 models after parting ways with Suzuki.
Two wheeler markets show sign of revival after a lackluster first half.
The company is suffering a decline in volumes due to poor response of its two strokes
Max motorcycles.
Recently launched the TVS Centra and 125 cc TVS Victor GLX and four stroke Max in
Plans major foray into three-wheeler and quadricycles market through fresh investments
of Rs 500 crore.
TVS launched Apache RTR 160 cc model in September 2008, with its ultra modern technology
for Indian bikes has proved to be a big success. The success of TVS Apache is especially
The company is currently looking forward to phase out its two stroke Max range, which is
perceived to be less fuel efficient with a new four stroke range. The changeover is expected to
take place by the end of June 2009.
TVS Motor Company Limited, part of the TVS Group, is one of India's leading two-wheeler
manufacturers. With a turnover of over Rs.2700 crores, the Company manufactures a wide range
of motorcycles, scooters, mopeds and scooterettes. Little wonder, it boasts of more than 7 million
happy customers.
With the joint venture with Suzuki Motor Corporation in 1983, TVS-Suzuki became the first
Indian company to introduce 100 cc Indo-Japanese motorcycles in September 1984. Through an
amicable agreement the two companies parted ways in September 2001.
VISION
TVS Motor will be responsive to customer requirements consonant with its core competence and
profitability. TVS Motor will provide total customer satisfaction by giving the customer the right
product, at the right price, at the right time.
TVS Motor will be one among the top two two-wheeler manufacturers in India and one among
the top five two-wheeler manufacturers in Asia.
TVS Motor will have profitable operations overseas especially in Asian markets, capitalizing on
the expertise developed in the areas of manufacturing, technology and marketing. The thrust will
be to achieve a significant share for international business in the total turnover.
TVS Motor will hone and sustain its cutting edge of technology by constant benchmarking
against international leaders.
TVS Motor believes that people make an organization and that its well-being is dependent on the
commitment and growth of its people. There will be a sustained effort through systematic
training and planning career growth to develop employees' talents and enhance job satisfaction.
TVS Motor will create an enabling ambience where the maximum self-actualization of every
employee is achieved. TVS Motor will support and encourage the process of self-renewal in all
its employees and nurture their sense of self worth.
TVS Motor firmly believes in the integration of Safety, Health and Environmental aspects with
all business activities and ensures protection of employees and environment including
development of surrounding communities. TVS Motor strives for long-term relationships of
mutual trust and inter- dependence with its customers, employees, dealers and suppliers.
PRODUCT PROFILE
The recently launched TVS Apache RTR FI 160 has added an another stunner on the roads.
Stylish alloys, unique grab rails, classy silencer, larger & sharp lined fuel tank, all these elements
combine perfectly to give TVS Apache RTR 160 a sporty eye-catching looks.
The Apache RTR 160 has been upgraded with electronic fuel injection (EFI) and becomes
Apache RTR 160 Fi. The EFI technology has enabled TVS to boost peak power of this bike.
Customer satisfaction, a term frequently used in marketing, is a measure of how products and
experience with a firm, its products, or its services (ratings) exceeds specified satisfaction
goals." In a survey of nearly 200 senior marketing managers, 71 percent responded that they
found a customer satisfaction metric very useful in managing and monitoring their businesses.
It is seen as a key performance indicator within business and is often part of a Balanced
satisfaction is seen as a key differentiator and increasingly has become a key element of business
strategy.
"Within organizations, customer satisfaction ratings can have powerful effects. They focus
ratings dip, they warn of problems that can affect sales and profitability. . . . These metrics
quantify an important dynamic. When a brand has loyal customers, it gains positive word-of-
"In researching satisfaction, firms generally ask customers whether their product or service has
met or exceeded expectations. Thus, expectations are a key factor behind satisfaction. When
customers have high expectations and the reality falls short, they will be disappointed and will
likely rate their experience as less than satisfying. For this reason, a luxury resort, for example,
might receive a lower satisfaction rating than a budget motel—even though its facilities and
The importance of customer satisfaction diminishes when a firm has increased bargaining power.
For example, cell phone plan providers, such as AT&T and Verizon, participate in an industry
that is an oligopoly, where only a few suppliers of a certain product or service exist. As such,
many cell phone plan contracts have a lot of fine print with provisions that they would never get
away if there were, say, a hundred cell phone plan providers, because customer satisfaction
would be way too low, and customers would easily have the option of leaving for a better
contract offer.
There is a substantial body of empirical literature that establishes the benefits of customer
To analyze the quality of after sales services being provided by tvs motors.
RESEARCH METHODOLOGY
The data has been extracted mainly from questionnaires filled up by respondents from Bareilly.
Rest of the information has been collected through internet surveys and social networking
communities on websites.
The questionnaire was filled up by 20 respondents scattered at different places and many more
respondents provided valuable information through the internet.
The aforementioned questionnaire has been attached at the end of the project.
Data Analysis
QUE-1
DO YOU OWN A BIKE?
0% 7%
93%
YES NO
INTERPRETATION
In this question particular question it is found that 93% of respondents are having motorbike and
7% are either having scooter or moped. On the basis of the above pie-chart it is clear that more
people own bike.
70
60
50
40
30
20
10
Count
0
1.00 2.00 3.00 4.00 5.00 6.00 8.00
MILEAGE
40
30
20
10
Count
0
1.00 2.00 3.00 4.00 5.00 6.00 7.00
STYLE
30
20
10
Count
0
1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00
POWER
50
40
30
20
10
Count
0
1.00 2.00 3.00 4.00 5.00 6.00 7.00
PRICE
40
30
20
10
Count
0
2.00 3.00 4.00 5.00 6.00 7.00 8.00
BRAND
40
30
20
10
Count
0
1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00
SPARE PARTS
40
30
20
10
Count
0
1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00
50
40
30
20
10
Count
0
3.00 4.00 6.00 7.00 8.00
FINANCING
INTERPRETATION
From the above mentioned tables and graphs we can see that parameters like mileage, power and
style holds an upper edge over the other parameters which affect the purchase decision of bike.
Thus customers are more likely to see the mileage aspect before actually buying a product.
LIMITATIONS
This report incorporates sincere efforts to submit the best possible dossier on the topic
assigned because no study can be perfect. There are bound to be limitations that I faced and
within which I had to work.
The data used in most part of the report is secondary data, it has inherent discrepancy.
As TVS is still not a household brand name, some of the respondents were not completely
aware of its products and track record.
CONCLUSION
WEB SITE
Google.com,www.tvsmotor.com
TEXT BOOKS
Marketing Research, Test and cases, Richard D. Irwin, Linois
C.R Kothari, Research Methodology
NEWS PAPER
Times Auto
The Economic Times
MAGAZINES
Auto Sports
Business Outlook
TVS MOTOR COMPANY