Apollo Tyres Customer Satisfaction Study
Apollo Tyres Customer Satisfaction Study
on
APOLLO TYRES
Submitted By:
Priyanshu
Roll no.: 1424970037
For the partial fulfillment for the degree of
Master of Business Administration
(2014-16)
Acknowledgement
I am thankful to the almighty God who has given me the
opportunity to express our sincere thanks and deep post
gratitude to all those people who extended their whole
hearted co-operation and helped me completing the project
report successfully.
I would like to thank our mentor Miss. Shruti Mittal who
guided me a lot completing this project report.
I am also thankful to our HOD Dr. Asfaq Ali, who gave me
such opportunity to prepare a project report that will
enhance our practical knowledge & corporate awareness.
Last but not the least l would like to thanks to the fraternity
of SRCM for mentoring, guiding, supporting, teaching &
coaching me in full capacity that has surely enriched my
personality as a whole.
Thanking you
Declaration
Contents
Acknowledgement
Declaration
PART A
1. Executive Summary
1-2
2. Company Profile
3-5
3. Products
6-12
PART B
4. Introduction to Topic
13-15
5. Project objective
16-16
17-17
7. Research methodology
18-19
8. Literature review
20-22
23-63
10.
Findings
64-64
11.
Suggestions
65-65
12.
Conclusion
66-66
13.
67-67
14.
Questionnaire
68-71
Executive Summary
Apollo Tyres is a leading tyre manufacturer of India with subsidiaries in South Africa and Europe. The
company manufactures tyre for passenger cars, truck & bus, farm, off-the road, industrial and specialty
applications like mining. Major brands are Apollo, Dunlop, Kaizen, Maloya, Regal and Vredestein.
The company is expected to benefit from a structural shift to radialisation and growth in the
automobile industry.
This report takes you through the Company information and a detailed SWOT Analysis of the
company in this report. The report provides useful and comprehensive information about the company.
This coupled with SWOT Analysis can be utilized for investment related decision.
Apollo at a Glance
Established in 1972
A turnover of USD 2 billion (INR 127 bn) as of FY 14-15
Available in over 100 countries
Over 16,000 employees
Manufacturing facilities in Asia and Europe. Greenfield in Hungary.
Reasons to buy
To understand the various factors which are fuelling the growth and those which are/will be critical
for the companys performance in the near term
Comprehensive report covering all the aspects required to understand the companys performance
weighing against the peers.
Company Profile
The history of Apollo Tyres Ltd. is about a companys passion, determination and will to
surpass all obstacles and emerge as a leader in the Indian tyre industry. Named after the radiant
Greek Sun God Apollo, the company has created a niche for itself in the Indian tyre marker. After
three decades of consistent growth, today, Apollo Tyres Ltd. is Indias premier tyre manufacturing
company.
The companys license was obtained in 1972 by Mr. Mathew T Marattukalam, Jacob Thomas
and his associates. In 1974 the company was taken over by Dr. Raunaq, Kerala. The commercial
production began in 1977 with an installed capacity of 420,000 each of tyres and tubes.
High Performance Company That Makes Indias Most Reliable Tyres
Apollo Tyres Ltd, with its corporate headquarters in Gurgaon, India, is in the business of
manufacture and sale of tyres since its inception in 1972. Over the years, the company has grown
manifold, establishing its footprint across the globe.
The company has manufacturing units in India and The Netherlands. It is also setting up a new
manufacturing facility in Hungary, with a planned investment of 475 million. The company markets
its products under its two global brands - Apollo and Vredestein, and its products are available in over
100 countries through a vast network of branded, exclusive and multi-product outlets.
At the end of its financial year on March 31, 2015, Apollo Tyres had clocked a turnover of
US$ 2.08 billion, backed by a global workforce of approximately 16000 employees.
Apollo Tyres Ltd is traded in India on the Bombay Stock Exchange and National Stock Exchange, with
56% of shares held by the public, government entities, banks and financial institutions as on March 31,
2015.
Apollo tyres Ltd. (Atl) is an Rs.2, 600 crore, high performance company. In terms of size, it is
second largest in India and 17th globally.
Apollo is built around the core principals of creating share holder value through reliability in its
products and dependability in its relationship with its stake holders. Apollo tyres Ltd. is a dynamic and
professionally managed organization that is built on trust and transparency.
Vision
A leader in the Indian tyre industry and a significant global player, providing customer delight
and enhancing shareholder value.
The man who dares is the man who has dreamt At Apollo Tyres Ltd., we firmly
believe that no opportunity can be created without a proper plan. Our efforts draw inspiration from that
vision and the core values our visionaries have chalked - out for us.
Vision and values that transcend the geographical, as well as the boundaries of the
mind.
Because we dare to dream, creating the best tyres in the world is not only our mission its our lifestyle.
The one word that symbolizes all that we believe is CREATE.
Values
Customer First
Business Ethics
Empowerment
Communicate Openly
One Family
Products
Segment
Category
In
Two
Wheeler
Introduction
The need to satisfy customers for success in any commercial enterprise is very obvious. The income
of all commercial enterprise is delivered from the payments received for the products and service
supplied to its external customers. If there are no customers, there is no income and there is no
business. In other words customer is the pivotal point for the existence of commercial establishment.
Thus the core activity of any company is to attract and retain customers. It is therefore no
surprise that Peter Druker the renowned management Gury, has said; to satisfy the customer is the
mission and purpose of every business.
The main object of every organization is to earn more profit, to achieve this object the
organization should increase its sales by getting more customer and the only way to get more customer
is that the organization should provide expected satisfaction to the customers.
Here the word customer satisfaction means the utility which customer expect from the
product and when a customer get expected utilities it is called as customer satisfaction.
APOLLO manufactures the largest range of tyres in India and enjoys the highest brand
preference for superior quality, company manufactures the largest range of tyres in India and is the
market leader with the largest market share it tyre industry.
Since 1984 APOLLO tyres has consistently been chosen as oem fitment by almost every major
car manufacturer in India apart from tyres APOLLO also manufacturer conveyor belts, pretreads and
advanced polyurethane paints.
Here every customer of APOLLO is getting satisfaction and it may analyzed by the following
information
APOLLO own No. 1 award for customer satisfaction by J.D Power Asia pacific for 2001&2002
It is also created good brand name in other countries also, and it is the first Indian company to
export tyres to the US, the very birthplace of tyre technology. It is the first company in India to
manufacture and market Nylon tyres passenger tyres commercially.
APOLLO is providing huge number of products to the customer as per the requirement and
need.
They provide more warranties to the customers and it will shows that the company has
confident on its product.
So as per the above information it found that the customer satisfaction towards APOLLO tyres is good
Profit earning has become one of the important objectives of each and every company.
It is very easy to attract new customers but retaining old customer is too difficulty only the
satisfied customer will remain loyal to the firm brands.
A person enters a showroom when he wants to purchase tyres, but before purchasing tyres he
consults so many persons about tyre. Like about price, quality, service etc, and then he make
decision to purchase.
If he finds any problem with tyres, he may change his positive attitude into negative attitude
towards tyres given by the showroom.
Secondary Objective:
To know the satisfaction level of the customer with the Apollo tyres.
The study is purely based on the survey conducted in Gurgaon city and has focused on
customers. The study covers the information about the mind set which may varies from situation &
where the respondents may not be able to give required and accurate information.
LIMITATIONS:
1.
Due to respondents busy schedules, the interests shown by respondents to answer the
questionnaire may be less. This may have resulted in collecting inaccurate information.
2.
Due to time and cost constraint the sample size selected is 100.
3.
The selected sample size is small as compared to the total number of customers. Hence the obtained
result may not be accurate as it may not represent the whole population.
4.
Research methodology
Research methodology is a way to systematically solve the research problem. It may be understood as a
science of studying how research is done scientifically. In it we study the various steps that are
generally adopted by a researcher in studying his research problem along with the logic behind them. It
is necessary for the researcher to know not only the research methods or techniques but also the
methodology.
Research Design:
Target Population: Population of the research is the consumers who are well aware of the tyres and
who are above 18 years of age.
Research Design : Descriptive Research
Sampling unit: Same as the sample element.
Sampling Technique: Convenience sampling like personal interview, telephone survey, mail survey
Sample Size : 150 sampling units selected from the Target population.
Contact Method: Researcher have contacted sampling units personally and with the help of one to
one interaction researcher have conducted survey.
Extent: The location considered by the researcher is Gurgaon city.
Data Sources:
Primary Source: Questionnaire
Secondary Sources: Books like Marketing Research by Kothari RC
Journals
Websites
Reports
Literature Review
Customer satisfaction
In a competitive marketplace where businesses compete for customers, customer satisfaction is seen as
a key differentiator and increasingly has become a key element of business strategy.
Customer and Innovation. These factors are emphasized for continuous improvement and
organizational change measurement and are most often utilized to develop the architecture for
satisfaction measurement as an integrated model. Work done by Parasuraman, Zeithaml and Berry
(Leonard L) between 1985 and 1988 provides the basis for the measurement of customer satisfaction
with a service by using the gap between the customer's expectation of performance and their perceived
experience of performance. This provides the measurer with a satisfaction "gap" which is objective and
quantitative in nature. Work done by Cronin and Taylor propose the "confirmation/disconfirmation"
theory of combining the "gap" described by Parasuraman, Zeithaml and Berry as two different
measures (perception and expectation of performance) into a single measurement of performance
according to expectation. According to Garbrand, customer satisfaction equals perception of
performance divided by expectation of performance.
The usual measures of customer satisfaction involve a survey with a set of statements using a Likert
Technique or scale. The customer is asked to evaluate each statement and in term of their perception
and expectation of performance of the organization being measured.
Age
No. of Respondents
25 35
30
20
35 45
78
52
Above 45
42
28
150
100
Total
INTERPRETATION:
The above table reveals that out of 150 respondents, 20% of them belong to 25 35 age groups,
52% of them belong to 35 45 age groups. 28% of them belong to above 45 age group respectively.
It is concluded that 52% of the respondents fall under 35 45 age groups.
CHART NO 1
CHART SHOWING AGE GROUP OF RESPONDENTS
PERCENTAGE
60
50
40
30
52
20
10
28
20
0
25 35
35 45
Above 45
AGE
EDUCATION
The following table represents the educational qualification of the respondents.
TABLE 2
TABLE SHOWING THE EDUCATIONAL QUALIFICATION OF
RESPONDENTS
S.NO
Education
No. of Respondents
SSLC
62
41.33
HSC
48
32
Degree/Diploma
27
18
Others
13
8.67
150
100
Total
INTERPRETATION:
The table reveals that out of 150 respondents 41.33% of them are SSLC, 32% of the
respondents are H.Sec 18% of them are degree/diploma Holders, 8.67% of the respondents are others.
Hence, it is concluded that 41.33% of the respondents are SSLC.
CHART 2
CHART SHOWING THE EDUCATION QUALIFICATION OF THE
RESPONDENTS
EDUCATIONAL QUALIFICATION
Others
Degree/Diploma
HSC
SSL
Occupation
No. of Respondents
Profession
12
Business
117
78
Others
21
14
150
100
Total
INTERPRETATION:
The table reveals that 8% of the respondents are professionals, 78% of the respondents are doing
business and remaining 14% of the respondents are others.
Hence, it is concluded thathe majority of the respondents are doing business.
CHART 3
CHART SHOWING THE OCCUPATION OF THE RESPONDENTS
80
70
60
50
PERCENTAGE 40
30
20
10
0
Profession
Business
Others
ANNUAL INCOME
The below table represents the annual income of respondents, the income level classified as below
Rs. 50000, Rs. 50001-75000, Rs. 75001-100000 and above 100000.
TABLE 4
TABLE SHOWING THE ANNUAL INCOME OF RESPONDENTS
S.NO
Annual Income
No. of Respondents
28
18.67
Rs. 50001-75000
46
30.67
Rs. 75001-10000
44
29.33
Above 100000
32
21.33
150
100
Total
INTERPRETATION:
The table reveals that out of 150 respondents, 16.67% of them belong to the income level of below
Rs. 50,000, 30.67% of them belong to the income level of Rs.50001 75000, 29.33% of them belongs to
the income level of Rs. 75001 100000, 21.33% of respondents belong to the income level of Rs. 100001
and above.
Hence, it is concluded that majority of the respondents belongs to the Income level of Rs. 50001
75000.
CHART 4
CHART SHOWING THE ANNUAL INCOME OF RESPONDENTS
ANNUAL INCOME
35
30
30.67 29.33
25
21.33
20 18.67
15
10
5
0
Below
Rs.
Rs. Above
Rs.
50001- 75001- 100000
50,000 75000 10000
INCOME
VEHICLE OWNED
The following table represents the vehicle owned by respondents. The survey conducted only with
bus and lorry owners.
TABLE 5
TABLE SHOWING THE VEHICLE OWNED BY RESPONDENTS
S.NO
Vehicle
No. of Respondents
Bus
62
41.33
Lorry
88
58.67
150
100
Total
INTERPRETATION:
From the table it is revealed that 41.33% of the respondents owing bus and 58.67% of the
respondents owing lorry.
It is concluded that 58.67% of the respondents owing lorry.
CHART 5
CHART SHOWING THE VEHICLE OWNED BY RESPONDENTS
VEHICLE OWNED
41%
Bus
59%
Lorry
NATURE OF BUSINESS
The following table represents the nature of business of the respondents.
TABLE 6
TABLE SHOWING NATURE OF BUSINESS OF THE RESPONDENTS
S.NO
No. of
Nature of Business
Respondents
1
Bus Transport
62
41.33
Lorry Transport
88
58.67
150
100
Total
INTERPRETATION:
From the table it is revealed that 41.33% of the respondents doing bus Transport 58.67% of the
respondents doing lorry transport.
It is concluded that 58.67% of the respondents are doing lorry transport.
CHART 6
CHART SHOWING NATURE OF BUSINESS OF THE RESPONDENTS
41%
Bus Transport
Lorry Transport
59%
LENGTH OF SERVICE
The below table represents the length of service by the respondents, the service are classified as
less than 3 years, 4-7 years and above 8 years.
TABLE 7
TABLE SHOWING LENGTH OF SERVICE OF THE RESPONDENTS
S.NO
24
16
4-7 years
83
53.33
Above 8 years
43
28.67
150
100
Total
INTERPRETATION:
It is observed from the table that out of 150 respondents, 16% of them are less than 3 years,
53.33% of them are 4-7 years and 28.67% of them are above 8 years.
It is concluded 53.33% of the respondents are 4 7 years.
CHART 7
CHART SHOWING LENGTH OF SERVICE OF THE RESPONDENTS
PERCENTAGE
60
50
40
30
53.33
20
10
28.67
16
0
Less than 3
years
4-7 years
NO OF YEARS
Above 8 years
SOURCE OF BUYING
The following table represents the source of buying of respondent
TABLE 8
TABLE SHOWING THE SOURCE OF BUYING
S.NO
Source
No. of Respondents
Dealer
130
86.67
Company
20
13.33
150
100
Total
INTERPRETATION:
The above table shows that out of 150 respondents, 86.67% of the respondents are buying from
dealer 13.33% of the respondents are buying from company.
Hence it is concluded that 86.67% of the respondents are buying through dealer.
CHART 8
CHART SHOWING THE SOURCE OF BUYING
SOURCE OF BUYING
13%
Dealer
Company
87%
BRAND OF TYRES
The following table represents the brand of tyres possessed by the respondents.
TABLE 9
TABLE SHOWING BRAND OF TYRES POSSESSED BY THE RESPONDENTS
S.NO
Brand
No. of Respondents
Apollo
94
62.67
MRF
22
14.67
J.K.Tyre
5.33
Dunlop
2.67
Good year
5.33
Ceat
14
9.33
150
100
Total
INTERPRETATION:
From the table it is observed that out of 150 respondents, 62.67% of them buying Apollo,
14.67% of them buying M.R.F., 5.33% of them buying j.k.tyre, 2.67% of them buying Dunlop, 5.33%
of them buying good year, 9.33% of them buying ceat.
Hence it is concluded that majority of the respondents possess the Apollo tyres 62.27%.
CHART 9
CHART SHOWING BRAND OF TYRES POSSESSED BY THE RESPONDENTS
BRAND OF TYRES
70
60
50
62.67
3
0
20
10
0
14.67
9.33
Reference Group
No. of Respondents
Advertisement
Friends
36
24
Mechanics
76
50.67
Company-sales man
38
25.33
Total
150
100
INTERPRETATION:
From the table it is influenced that 24% of respondents are influenced by the friends, 50.67% of
respondents are influenced by the mechanics, 25.33% of respondents are influenced by the company
salesman.
Hence it is concluded that majority of the respondents are influenced by mechanics to buy the
tyre 50.67%.
CHART 10
CHART SHOWING THE REFERENCE GROUPOF RESPONDENTS
TO BUY APOLLO TYRES
60
50
40
PERCENTA 30
50.67
GE
20
10
0
24
25.33
Period
No. of Respondents
23
16
4 7 years
83
55.33
Above 7 years
43
28.67
150
100
Total
INTERPRETATION:
The above table shows that out of 15 respondents, 16% of them are less than 3 years, 53.33% of
them are 4 7 years, and 28.67% of them are above 7 years.
Hence it is concluded that majority of the respondents are 4 7 years 53.33%.
CHART 11
PERIOD OF USING
60
50
PERCENTA
55.33
40
28.67
30
GE
20
16
10
0
Less than 4 7 years Above 7
3 years
Years
YEAR
APOLLO MODEL
The following table shows which Apollo model mostly preferred by respondents.
TABLE 12
TABLE SHWOING THE APOLLO MODEL WHICH MOSTLY PREFERRED
BY RESPONDENTS
S.NO
Model
No. of Respondents
Deluxe
19
12.67
Amar
67
44.67
XT 9
56
37.33
Apollo deluxe
5.33
150
100
Total
INTERPRETATION:
From the table it is inferred that, 12.67% of respondents buy amar, 37.33% of respondents buy
XT 9 and 5.33% of respondents buy Apollo deluxe.
It is concluded that majority of respondents are preferred to buy amar 44.67%.
CHART No 12
PERCENTAGE
50
40
30
20
10
0
Deluxe
Amar
XT 9
Apollo deluxe
TABLE 13
TABLE SHOWING THE FACTORS INFLUENCING TO
S.NO
No. of Respondents
Influencing
1
Mileage
35
23.33
Quality
44
29.33
Duration
39
26
Price
12
Road condition
Total
20
13.34
150
100
INTERPRETATION:
From the table it is inferred that, 23.33% of respondents are influenced by mileage, 29.33% of
respondents are influenced by kilometers, 26% of respondents are influenced by duration, 8% of
respondents are influenced by price and 13.34% of respondents are influenced by quality.
Hence it is concluded that majority of the respondents are influenced by kilometers of tyre
29.33%.
CHART 13
CHART SHOWING THE FACTORS INFLUENCING TO
BUY APOLLO TYRES
13%
23%
Price 8%
Duration
26%
Quality
30%
THE DEALER
Satisfaction of
S.NO
No. of Respondents
Dealer
1
Dissatisfied
48
32
Satisfied
52
34.67
Highly satisfied
50
33.33
150
100
Total
INTERPRETATION:
From the above table it is observed that out of 150 respondents, 32% of respondents state that
the low satisfaction about dealer, 34.67% of respondents state that the medium satisfaction about the
dealer, 33.33% of the respondents state that high satisfaction about the dealer.
Hence it is concluded that majority of the respondents state that the medium level satisfaction
about the dealer 34.67%.
CHART 14
CHART SHOWING LEVEL OF OPINION OF THE RESPONDENTS ABOUT
THE DEALER
33%
32%
Dissatisfied
Satisfied
Highly satisfied
35%
TABLE 15
TABLE SHOWING LEVEL OF OPINION OF THE RESONDENTS ABOUT THE
TYRE
S.NO
Satisfaction of
No. of Respondents
Dealer
1
Dissatisfied
38
25.33
Satisfied
63
42
Highly satisfied
49
32.67
150
100
Total
INTERPRETATION:
From the above table it is observe that out of 150 respondents, 25.33% of respondents state that
the low satisfaction about the tyres, 42% of the respondents state that the medium satisfaction about the
tyres and 32.67% of the respondents state that high satisfaction about the tyres.
Hence it is concluded that majority of the respondents state that the medium level satisfaction
about the dealer 42%.
CHART 15
CHART SHOWING LEVEL OF OPINION OF THE RESONDENTS ABOUT THE
TYRE
25%
33%
Dissatisfied
Satisfied
Highly satisfied
42%
POST PURCHASE
The following table represents the opinion of the respondents of post purchase.
TABLE 16
TABLE SHOWING THE POST PURCHASE / RECOMMEDND
TO ANY OTHER
S.NO
Recommend
No. of Respondents
Yes
130
86.67
No
20
13.33
150
100
Total
INTERPRETATION:
From the table it is inferred that 86.67% of respondents are recommended to others and 13.33%
of the respondents are not recommended.
It is concluded that majority of the respondents are recommended to others to buy Apollo tyres.
CHART 16
CHART SHOWING THE POST PURCHASE / RECOMMEDND
TO ANY OTHER
13%
Yes
No
87%
BUYING IN FUTURE
The following table represents the opinion of respondents about the buying behavior in future.
TABLE 17
TABLE SHOWING THE BUYING IN FUTURE
S.NO
In Future
No. of Respondents
Yes
104
69.33
No
46
30.67
Total
150
100
INTERPRETATION:
69.33% of the respondents revealed that going to buy in future. 30.67% of the respondents are
not going to buy.
Thus it is concluded that out of 150 respondents majority of them are going to buy in future
69.33%.
CHART 17
CHART SHOWING THE BUYING IN FUTURE
BUYING IN FUTURE
31%
Yes
No
69%
S.NO
Problem in dealers
Yes
132
88
No
18
12
Total
150
100
INTERPRETATION:
88% of the respondents are no problem with dealers and 12% of the respondents are having
problem with dealer.
Thus it is concluded that out of 150 respondents majority of them are not having problem
with dealer 88%.
CHART 18
12%
Yes
No
88%
DEALERS RESPONSE
The following table represents the opinion of the respondents if any problem with
dealer.
TABLE 19
TABLE SHOWING THE DEALERS RESPONSE TO RESPONDENTS
S.NO
Response
No. of Respondents
Promptly
60
40
Belatedly
79
52.67
Never respondent
11
7.33
Total
150
100
INTERPRETATION:
40% of them are saying the dealers response is promptly, 52.67% of them are saying belatedly,
7.33% of them are saying never respond.
Hence it is concluded that majority of the respondents state that dealer response is belatedly
52.67%.
CHART 19
CHART SHOWING THE DEALERS RESPONSE TO RESPONDENTS
7%
40%
Promptly
Belatedly
Never respondent
53%
CHART 19
CHART SHOWING THE DEALERS RESPONSE TO RESPONDENTS
7%
40%
Promptly
Belatedly
Never respondent
53%
S.NO
Complaint
No. of Respondents
Yes
117
78
No
33
22
Total
150
100
INTERPRETATION:
78% of the respondents are having problem with tyres and 22% of them are not having problem
with the tyres.
Hence its concluded that majority of the respondents are having problem in tyres
78%.
CHART 20
CHART SHOWING ANY COMPLAINT WITH THE TYRES
22%
Yes
No
78%
COMPLAINTS SETTLEMENT
The following table represents the complaint solved how.
TABLE 21
TABLE SHOWING THE COMPLAINTS SETTLEMENT
S.NO
Education
No. of Respondents
Replacement
52
34.67
By service
98
65.33
By refund of money
Total
150
100
INTERPRETATION:
34.67% of respondents are saying by replacement and 65.33% of respondents are saying by
service.
Hence its concluded that majority of the respondents state that the service 65.33%.
CHART 21
CHART SHOWING THE COMPLAINTS SETTLEMENT
COMPLAINTS SETTLEMENT
70
60
50
40
PERCENTAGE
30
20
10
0
65.33
34.67
Replacement
By service
SERVICE
STATISTICAL TEST
CHI-SQUARE TEST-1
To determine whether there is significant difference between recommendation and percentage of other
satisfaction level.
Ho: There is no significant different between recommendation to others and satisfaction level
H1: There is significant different between recommendation to others and satisfaction level
Recommendation
Yes
No
Total
Highly satisfied
45
49
satisfied
56
63
dissatisfied
29
38
total
130
20
150
(O-E)
(O-E)2
(O-E)2/E
45
42.46
2.54
6.45
0.152
6.53
-2.53
6.4009
0.980
56
54.6
1.4
1.96
0.035
8.4
-1.4
1.96
0.233
29
32.93
-3.93
15.44
0.470
5.06
3.94
15.52
3.06
Total
4.93
= (O-E)2
= 4.93
@ 5% level of significance the tabulated value of is less than the calculated value =5.99
So we accept Ho There is no significant different between recommendation to others and
satisfaction level
CHI-SQUARE TEST-2
To determine whether there is significant difference between recommendation and percentage
of other satisfaction level.
Ho: There is no significant different between buying in future and satisfaction level. H1: There is
significant different between buying in future and satisfaction level.
Recommendation
Yes
No
Total
Highly satisfied
49
49
Satisfied
44
19
63
Dissatisfied
11
Total
104
27
46
38
150
(O-E)
(O-E)2
(O-E)2/E
49
33.97
15.03
225.90
6.65
15.02
-15.02
225.60
15.02
44
43.68
0.32
0.1024
0.0023
19
19.32
-0.32
0.1024
0.0053
11
26.34
-15.34
235.61
8.93
27
11.65
15.35
253.62
20.22
Total
50.82
= (O-E)2
= 50.82
=2
2
@ 5% level of significance the tabulated value of is less than the calculated value = 5.991
So we accept H1 There is significant different between buying in future and satisfaction level.
The following table represents the rank order for brands the rank was calculated by using
weighted average method.
wx
= Total Number of Respondents
w
TABLE 22
TABLE SHOWING RANK ORDER FOR BRANDS
S.NO
Brand
Weighted
Average
Rank
Apollo
79
22
49
5.2
M.R.F.
11
109
30
4.87
CEAT
39
12
53
12
30
3.81
10
97
26
15
2.8
19
32
30
32
31
3.04
11
29
68
32
2.34
GOOD
YEAR
J.K.
tyre
Dunlop
INTERPRETATION:
The method implies that Apollo getting highest importance and ranked one.
M.R.F. and Ceat ranked as second and third.
S.N
O
Items
Weighted
Average
Rank
Rood grip
79
51
33
5.3
Extra mileage
30
98
22
5.05
Price consumption
42
30
12
39
14
22
3.98
Attractive packaging
19
54
66
1.90
Warranty
11
13
29
58
32
2.56
Trade design
19
31
38
43
2.23
INTERPRETATION:
The method implies that features of Apollo tyre preference road grip are ranked one. Extra
mileage and price consumption ranked as two a three.
Findings
53.33% of the respondents are using Apollo tyres in between 4-7 years.
Suggestions
From the above study, the sale of Apollo tyres is through quality, durability and mileage. As it
plays very important role among the respondents. As such it is suggested that the title more
concentration can be made an Quality, durability and mileage to achieve a good percentage of target.
Even though the design does nt have any direct influence on the sale of Apollo tyres, then dealer
should also promptly solve the Queries of the customer. This makes more sales.
Some concession should give to the mechanics, because most of Customer are influenced by
mechanics to by Apollo tyres.
The company can better improve its quality by making more durable Compotators tyres.
Dealer should satisfy the customer needs promptly in an effective manner, the
dealer should be customer friendly. So that the dealer can improve sales volume. The
company should produce better quality product with minimum price and
should increase durability,. Road grip etc., of the tyres, this can improve the sales volume.
The dealer should be made more effective in providing instructions to thecustomers to meet out
the competitors.
Conclusion
Satisfaction of customer is essential for retention of customers and continuing sales of the
product and service of the company to these customers. This is the establishment need for and the
prime importance of satisfaction.
The study will surely help the organization to understand its customer and their requirements
the expectations of customers from dealers and Apollo tyres are clearly explained in the project. The
study also portray the Apollo tyres the position in the minds of customers among other brands of tyres.
The study will be the one of the tool for the decision makers of the company.
Bibliography
1.
Kothari.R. Research Methodology, Methods and Techniques, Wiley EasternLtd., New Delhi
2.
3.
4.
Sharma D.D. Marketing Research, Principles Applications and cases,Sultan chand &
Co., New Delhi.
Appendix
QUESTIONNAIRE
A STUDY ON CUSTOMER SATISFACTION ON APOLLO TYRES Please [ ] the
Appropriate Answer Sincerely
I.
PERSONAL DATA:
1. Name
2. Age
3. Education
4. Occupation
A) SSLC [ ]
C) Degree/Diploma [ ] D) Others [
A) Profession [ ] B) Business [
C) Others [
5. Annual Income
B) H.Sec [ ]
A) Below Rs.50000
B) Rs.50001 75000
C) Rs.75001 100000
D) Above 100000
2.
B) Lorry Transport [ ]
A) Yes [ ]
B) No
7.
B) Friends [
C) Mechanics [ ]
How long you are using Apollo tyres?------------------------------------ If you buy Apollo tyres, which model you buy? ---------------------------What factor influenced you the most in buying Apollo tyres?
A) Mileage [ ]
B) Quality [ ] C) Duration [ ]
D) Price [ ]
D) Road Condition [ ]
S/No
Dealer Instruction
2.
3.
Retarding facility
Promptness of delivery
HS
NS
IV.
Quality of tyres
2.
Price of tyres
3.
HS NS
A) Yes [
B) No [
A) Yes [
B) No [ ]
3. Did you ever have problem with the dealer?
A) Yes [
B) No [
B) Belatedly [
C) Never Respondent [
A) Yes [
B) No [
]
]
] B) By service [
C) By refund of money [ ]
1.
Apollo
2.
M.R.F.
3.
CEAT
4.
GOOD YEAR
5.
J.K. Tyre
6.
Dunlop
S/No
1.
2.
Extra mileage
3.
Price consumption
4.
Attractive packing
5.
Warranty
6.
Trade design
Rank
Rank