Xavier Framework
Environmental Analysis
Cycling is a new sport to India and its growth is rapid.
Shift towards eco-friendly vehicles
Awareness towards global warming and environmental degradation
Shift towards eco-friendly vehicles
Many initiatives taken regarding to encourage cycling
Market Analysis
There is steady growing of the industry because of intensifying traffic congestion
issue and elevating fuel prices
India produces approximately 10% of the world annual bicycle production, which is
estimated at 125 Million units
A lot of innovation in the cycle market and growth over the year by providing top
quality cycles
Innovation
Customer Analysis
The company has a wide range of customer base
Health Conscious and professionals
Wheels for infants and toddlers
Cycles are now a days used by all the classes of people (Elite, Middle, Economy)
Competitors Analysis
Hero Cycles
Firefox
Avon Cycles
B’TWIN Cycles
Trek Cycles
Atlas Cycles
Bianchi Cycles
Cannondale Cycles
Montra Bikes
Roulik Bicycles
Company Analysis
Known best for its flagship bicycle brands – BSA, Hercules and Montra, Hercules Cycles has
practically created and perfected every new cycle category in the country. Established in
1949 by the Murugappa Group in collaboration with Tube Investments (UK), Hercules
Cycles has transitioned from just dealing with bicycle manufacture and design to becoming
an expert in mobility and well-being solutions.
Marketing Mix Analysis
Product: Roadsters, Hercules Roadeo, Hercules Jr. Roadsters, Hercules Top Gear,
Hercules MTB, Marvel Range, Hercules Young Explorers. They have different
products catering to different segments.
Price: The price of the cycle starts from the rage of Rs. 5,000 to Rs. 1,40,000
Promotion: Sponsorship, Publicity, Print media, Radio and Social media. Advertising
through word of mouth, Public relations – Website, Mails.
Tagline: Wonder Wheel
Place: They have over 200 outlets across the country and are also available online. They
have a dealer network of about 2500 nation-wide.
3 C Framework
Customer
The company has a huge customer. The company also targets the professional riders
and health conscious individuals. The company also focuses on infant and toddlers as
well.
Competitors
In case of Mysore: Firefox
Nation-wide: Hero, Avon and other Chinese companies
Company
Established in 1949 by the Murugappa Group in collaboration with Tube Investments
(UK), Hercules Cycles has transitioned from just dealing with bicycle manufacture
and design to becoming an expert in mobility and well-being solutions. The company
caters to all the segments. The company has manufacturing units in 3 cities.