A STUDY ON WOMEN CONSUMER ATTITUDE OF PURCHASING CAR SUMMER PROJECT REPORT Submitted by PRIYA MALINI.J REGISTER NO: 27348329 Under the Guidance of Prof.Mr. S.JAYA KUMAR, M.E., M.B.A.,MISTE Faculty, Department of management studies In partial fulfillment for the award of the degree Of MASTER OF BUSINESS ADMINISTRATION DEPARTMENT OF MANAGEMENT STUDIES
Project Report on Women consumer attitude to Purchasing Car
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A STUDY ON WOMEN CONSUMER ATTITUDE OF PURCHASING CAR
SUMMER PROJECT REPORT
Submitted by
PRIYA MALINI.J
REGISTER NO: 27348329
Under the Guidance of
Prof.Mr. S.JAYA KUMAR, M.E., M.B.A.,MISTE
Faculty, Department of management studies
In partial fulfillment for the award of the degree
Of
MASTER OF BUSINESS ADMINISTRATION
DEPARTMENT OF MANAGEMENT STUDIES
SRI MANAKULA VINAYAGAR ENGINEERING COLLEGE
PONDICHERRY UNIVERSITY
PUDUCHERRY, INDIA
SEPTEMBER- 2007
SRI MANAKULA VINAYAGAR ENGINEERING COLLEGE
PONDICHERRY UNIVERSITY
DEPARTMENT OF MANAGEMENT STUDIES
BONAFIDE CERTIFICATE
This to certify that the project work entitled “ A STUDY ON WOMEN CONSUMER
PATTERN OF BUYING CAR” is a bonafide work done by PRIYA MALINI.J
[REGISTER NO: 27348329] in partial fulfillment of the requirement for the award of
Master of Business Administration by Pondicherry University during the academic year
2007 – 2008.
GUIDE HEAD OF DEPARTMENT
Submitted on Viva-Voce Examination held on -------------------------------------
EXTERNAL EXAMINER
ACKNOWLEDGEMENT
First and foremost I thank the god for his blessings, showered on me in completing
the project successfully
I whole heartedly thank my respected chairman MR.N.KESAVAN, vice chairman
MR.SUGUMARAN, and beloved M.D MR.DHANASEKARAN who helped me in all
endeavors and for their blessings to make this project a successful one.
I am extremely grateful to Our Principal Dr. V.S.K. VENGATACHALAPATHY
the keen interest and affection towards throughout the course and to provide necessary
and essential facilities to do this project report.
I convey my sincere thanks and deep sense of gratitude to our Head of Department
PROF.Mr.S.JAYAKUMAR, Department of Management Studies, offered me an
opportunity to do the project.
I take the privilege to extend my hearty thanks to internal guide
PROF.MR.S.JAYAKUMAR, Head of Department, Department of Management
Studies, for his encouragement, support, valuable suggestion and guidance throughout the
project duration.
I am grateful to my company guide Mr.G.CHANDRASEKAR, MARKETING
MANAGER, Hyundai motor India limited, Chennai, for his guidance and inspiration
extended all along the project.
Finally, I express my sincere thanks and deep sense of gratitude to my parents and
cousins who supported and helped me in completion of this project.
CONTENTS
ABSTRACT
LIST OF TABLES
LIST OF CHARTS
ABSTRACT
The economic status of the modern women have been greatly influenced by the
rapidly changing environment they live in are exposed to, their education background and
the commercial opportunities that are available to them. The combination of more
CHAPTER TITLE PAGE NO
I.
INTRODUCTIONCOMPANY PROFILENEED FOR THE STUDY
1217
II REVIEW OF LITERATURE 18
III OBEJECTIVES 28
IV RESEARCH METHODOLOGY 29
V DATA ANALYSIS AND INTERPRETATION 34
VI FINDINGS OF THE STUDY 62
VII SUGGESTION AND RECOMMENDATIONS CONCLUSION
6566
VIII LIMITATIONS OF THE STUDYSCOPE OF THE STUDY
6768
ANNEXURE
BIBILIOGRAPHY
6972
employment opportunities for women had a large impact of the consumption habits of
women
This project is about “The women consumer pattern of buying car” at Hyundai
Motor India Limited, Chennai.
This study was based on women consumers purchasing pattern and 200 samples
were collected and analyzed using the statistical tools like chi-square test and non-
parametric test like Z-test.
A standardized questionnaire suitable to the study was framed and conducted pilot
study to test its reliability and sensitivity. Based on the findings of the pilot study some
modification was made in the questionnaire.
The main purposes of the study were to find out the various preferences of women
in buying a car. The consumer expectations about the features of cars and the attributes
which influences their choice of purchasing car was studied.
The awareness about the car was more signified in the age group of 30-35. Most
of the consumer choose their car based on the warranty period given by the company and
People buy different products from different brands to satisfy their needs.
Consumer purchases are influenced strongly by cultural, social, personal and
psychological characteristic. Although marketers cannot control such factors, they must
give attention to them.
Culture: Culture is the set of basic value, perception, wants and behaviors learned
by a member of society from family and other institution. Culture is the most basic cause
of a person's wants and behavior. Every group or society has a cultural influence on
buying behavior may vary greatly from country to country, or even neighborhood to
neighborhood.
Subculture: Each culture contains smaller subcultures. Subculture is a group of people
with shared value system based on common life experiences and situations. Subcultures
include nationalities, religions, racial groups, and geographic regions
Social Class
Almost every society has some form of social class structure. Social classes are society's
relatively permanent and ordered divisions whose members share similar values, interest,
and behaviors. Social class is not determined by single factor, but is measure as
combination of occupation, income, education, wealth, and other variables. Social classes
show distinct product and brand preferences in areas such as clothing, home, furnishing,
leisure activity, and automobiles.
Social Factor
A consumer's behavior also is influenced by social factors, such as the consumer's
groups, family, and social roles and status.
Groups: A consumer's behavior is influenced by many small groups. A group can be
defined as two or more people who interact to accomplish individual or mutual goals.
Groups that have direct influence and to which a person belongs are called membership
groups. In contrast, reference groups serve as direct or indirect points of comparison or
reference in forming a consumer's attitudes or behavior
Family: Family member can strongly influence consumer's behavior. Husband- wife
involvement varies widely by product category and by stage in the buying process.
Roles and status: The consumer's position in each group can be defined in terms of both
role and status. A role consists of the activities people expected to perform according to
persons around them. Each role carries a status reflecting the general esteem given to it
by society. People often choose products that show their status in society.
Personal Factor
A consumer's decision also are influenced by personal characteristics such as the
consumer's age and life cycle stage, occupation, economic situation, lifestyle, personality
and self concept:
Age and life cycle stage: People change the goods and services they buy over
their lifetimes. Taste in food. Clothes, furniture, and recreation are often age
related. Buying is also shaped by the stage of family life cycle. Traditional family
life cycle stages include young singles and married couples with children. Sony
recently overhauled its marketing approach in order to target products services to
consumers based on their life stages.
Occupation: A consumer's occupation affects the goods and services bought.
Blue collar workers tend to buy more rugged work clothes, whereas executives
buy more business suits.
Economic situation: A consumer's economic situation will affect product choice.
If economic indicator point to recession, marketers can take steps to redesign,
reposition, and reprice their products closely.
Lifestyle: People coming from the same subculture, social class, and occupation
may have quite different lifestyles. Lifestyle is a consumer's pattern of living as
expressed in his or her psychographics. It involves consumer's activities, interest
and opinions. When used carefully, the lifestyle concept can help the marketer
changing consumer values and how they affect buying behavior.
Personality and self-concept: Each consumer's distinct personality influences his
or her buying behavior. Personality refers to the unique psychological
characteristics that lead to relatively consistent and lasting response to one's own
environment. For example, coffee marketer have discovered that heavy coffee
drinker tend to be high on sociability. Thus Starbucks and other coffee houses
create environments in which people can relax and socialize over a cup of
steaming coffee.
Psychological Factor
A consumer's buying choices are further influenced by four major psychological factors:
Motivation: A need becomes a motive when it is aroused to a sufficient level of
intensity. A motive is a need that is sufficiently pressing to direct the person to
seek satisfaction.
Perception: A motivated person is ready to act. How the person acts is influenced
by his or her perception of the situation. Perception is the process by which
people select, organize, and interpret information to form meaningful picture of
the world.
Learning: When people act, they learn. Learning describes change in individual's
behavior arising from experience.
Beliefs and Attitudes: Through doing and learning, people acquire beliefs and
attitudes. A belief is a descriptive thought that a person has about something.
Marketers are interested in the beliefs that people formulate about specific
products and services, because these beliefs make up product and brand images
that affect buying behavior. Attitude describes a person’s relatively consistent
evaluation, feelings and tendencies towards an object or idea.
2.3. BUYING BEHAVIOUR OF INDIAN CONSUMERS
“What was the price?” Until 2000, this was the deciding factor for the Indian
consumers in buying a product. Although the Indian economy
Was liberalized in 1991, and international brands entered the Indian market soon after,
Indian consumers didn’t change overnight, their mindset of saving continued and meant
little difference in their buying behaviors.
A majority of Indians may actually be shopping not because of the particular
products but because buying offers them a chance to win great gifts or a date with their
favorite celebrity, a survey has found
Around 87 percent of Indians participated in some form of promotion, out of
which 53 percent won prizes, while around 40 percent even changed their buying
behaviors in accordance with the celebrity endorsement, a promo survey 2006 conducted
by Brand equity, has revealed, also the survey pointed out that about 57 percent of
Indians were ’loyal” to some brand and most of them gave priority to the price or budget
before trying a brand.
The Indian consumption pattern and preference have undergone vast changes
over the year allowing the foreign retailers to play with the psyche of the brand
conscious.
2.4. BUYING BEHAVIOUR OF WOMEN
The rapid rise in employment among women. A far greater proportion of
women are employed in less well-paid sectors, but women are making inroads in the
higher echelons of business and as entrepreneurs. Of greater long-term significance is the
gradual rise in women's wealth. Disparity remains as far as rates of pay for women are
concerned, but Key Note has identified trends and report findings that support the view
that women are gaining a far greater share of the UK's personal assets as a result of a
wide range of factors — most notably, early financial independence.
The women have to set up independently and acquire their own assets at a young
age. Key markets reviewed for this report show the following key trends: a more
cautious pattern of consumer spending in the light of the recent corrections in interest
rates and the housing market, and a consequent reluctance to spend on `big-ticket' items;
and major alterations in patterns of distribution, e.g. the growing dominance of the
supermarket retailers and increasing parity in patterns of demand between the sexes,
which is paralleled by the rise of Internet retailing.
2.5. CAR CONSUMPTION
The car market, in common with many other markets, has entered a competitive
period in which although sales volume has increased, the motor industry remains a key
indicator in the world economy. The nexus of related industries which depend for their
continued expansion on the car point to its crucial position. The massive growth of cars
has required a massive growth of roads.
2.6. DEPENDENCE OF CAR
Car dependence is a reality for almost 80 percent of trips people make.
Nevertheless, most people would not describe themselves as dependent, but rather see the
car as providing independence, real financial saving and privacy. However, some people
perceive effects of car use such as declining fitness due to lack of exercise or stress when
stuck in traffic.
About 80 percent of car owners may not imagine living without car. People who
drive a lot tend to regard public transportation to be inferior quality, unmatched with their
status and standards of living.
It is seen that middle income people in the urbanized towns own more
cars and travel farther than counterparts in cities. The "rural poor" are now forced to own
and use cars or two wheelers to a greater extent than their income would normally
supports due to lack of alternatives to satisfy their commuting requirements.
The people with the highest income presumably own nearly 60 percent of
the cars and account for 70 percent of the traffic. Middle and high-income groups rely
heavily on cars wherever they live.
Car dependence is a process and not a state: car use changes as people
get older and perhaps richer. In general, people are not forced to buy a car and then
immediately adopt a life style. It is also a fact that once we buy a car we drive more and
more and play less attention to alternatives.
The number of journeys by car or less than half a kilometer appears to
have increased from 4 percent in 1970 to 30 percent today. If one calculates the time
spent in traffic and parking the car, it may have taken the same time walking..
The current driving trends indicate much more car use and fewer acceptable
alternatives. In an attempt to reduce car travel, addressing the most cars dependent will be
least successful.
2.7. CAR CONSUMPTION OF WOMEN
The car market, in common with many other markets, has entered a
competitive period in which, although volume sales have increased, market values are
declining as a result of high capacity, high levels of imports and market saturation.
Women are still far more likely than men to live in households with no car,
although the pattern is far more equal among younger men and women. Women's
increased earning power and rising economic wealth therefore make them of growing
importance in expanding car manufacturers' threatened sales targets.
Women prefer cars that are affordable, practical and safe, and with dash flair
design, as evidence d by eclipse spyder convertible, which has the highest percentage of
female registrants of any car on the market. Clearly women are buying small, fuel-
efficient cars in greater and greater numbers. This reflects women’s responsibility attitude
toward the environment as well as price consciousness.
CHAPTER 3
OBJECTIVES PRIMARY OBJECTIVES:
To find out the women consumer attitude of purchasing cars.
SECONDARY OBJECTIVES:
To find out the factors that influence women car buyers
To find out the major information sources through which they come to
know about the carmakers and models.
To find out the price range that is preferred by women and the financial
sources which they prefer to purchase cars
To find out the preferences with regard to interior comforts, safety
measures and other comforts that the carmakers offer.
To find out awareness level of utility of cars among women consumers.
CHAPTER 4
RESEARCH METHODOLOGY
4.1. Research
Research is a process in which the researcher wishes to find out the end
result for a given problem and thus the solution helps in future course of action. The
research has been defined as “A careful investigation or enquiry especially through
search of new facts in any branch of knowledge”.
4.2. RESEARCH METHODOLOGY
The procedure using, which researcher go about their work of describing,
explaining and predicting phenomena, is called Methodology. Methods comprise the
Procedure used for generating, collecting and evaluating data. Methods are the way of
obtaining information useful for assessing explanation.
4.3. TYPE OF RESEARCH
The type of research used in this project is descriptive in nature. Descriptive
research is essentially a fact finding related to the present, abstracting generation by cross
sectional study of the current situation.
4.3.1. DESIGN OF DESCRIPTIVE STUDIES
A descriptive study involves the following steps:
Formulating the objectives of the study
Defining the population and selecting the sample
Designing the method of data collection
Analysis of data
Conclusion and recommendation for further improvement in the
practice
4.3.2. TYPES OF DATA COLLECTED
PRIMARY DATA
A study is carried out by means of questionnaire and the respondents were requested
to be frank in their views. A short preliminary talk about the purpose of the study has
been given in order to establish rapport with the respondents. They were told that their
views would remain quite anonymous and no time limit was set to complete the
questionnaire.
Data Source:
The present study is based exclusively on primary data generated using
questionnaire, from the sample of 200 Consumers in Chennai city. A standardized
questionnaire suitable to the study was framed and conducted pilot study tests to its
reliability and sensitivity. Based on the findings of the pilot study some modifications
were made in the questionnaire.
4.4. Sampling and Sampling techniques:
A sampling plan is a definite design for obtaining a sample from the
sampling frame. It refers to the technique or the procedure the researcher would adopt in
selecting some sampling units from which inferences about the population is drawn.
Sampling design is determined before any data are collected.
4.5. SAMPLE SIZE
Nearly 200 samples were collected from Chennai women consumers.
4.5. PERIOD OF SURVEY
The period is from August 2007 to September 2007.
4.6. STATISTICAL TOOLS
As many as 200 respondents were interviewed using a standardized
questionnaire to study the attitude of female. The Socio demographic and economic
characteristics of the study sample are displayed in the form of uni-variate tables and
visual presentations are also provided through pie-charts.
A detail statistical analysis using chi-square test for independence of attributes
has been applied. Further, to test the proportion of attributes, the binominal tests were
used
4.6.1. DESCRIPTION OF STATISTICAL TOOLS USED
Percentage method Chi-square test Binomial test
PERCENTAGE METHOD
In this project Percentage method test was used. The percentage method
is used to know the accurate percentages of the data we took, it is easy to graph out
through the percentages. The following are the formula
No of Respondent
Percentage of Respondent = ----------------------------- x 100
Total no. Of Respondents
From the above formula, we can get percentages of the data given by the respondents.
CHI-SQUARE ANALYSIS
To test the significance of the independence between two attributes, chi-square test is
used. We set-up.
Ho: The two attributes are not associated &against
H1: The two attributes are associated
Under Ho, the test statistic chi square is
(O-E)
= ∑ ------------*(r-1),(c-1) d.f
E
Where
O Stands for the observed Frequencies
E Stands for expected frequencies,
r and c are respectively the number of rows and number of columns.
The expected values are calculated using the formula
Row total column total
E = --------------------------------------
Grand total
The calculated value of chi- square is greater than the table value for (r-1)(c-1)degrees of
freedom at 0.05 or 0.01 level of significance then reject Ho , otherwise accept Ho.
BINOMIAL DISTRIBUTION
The binomial probability distribution whose mean would be equal to n.p and
standard deviation equal to √ (n.p.q),where p represents the probability of success, q
represent the probability of failure such that p+q=1 and n the size of the sample.
Mean proportion of successes = (n.p)/ n =p
And standard deviation of the proportion of successes = √p.q/n
When the sample size is large, the binomial distribution tend to become normal
distribution, as such for proportion testing purpose we make use of the test statistic Z as
p--p
z = -------------------
√p.q/n
Where p^ is the sample population
CHAPTER 5
DATA ANALYSIS AND INTEPRETATION
AGE LEVEL
TABLE NO: 5.1
Source: Primary Data
Inference: From the above table it is inferred that, 21 percent belongs to the age group of 20-25 years, 19 percent belongs to the age group of 25-30 year, 22 percent belongs to the age group of 30-35 year, 9 percent belongs to the age group of 35-40 and 29 percent belongs to the age group above 40 years.
Total no. Of respondents 200 100 Source: primary data
Inference: From the above table it is inferred that, 30 percent of the Respondents are single and 70 Percent of the Respondents are married people.
CHART NO: 5.2
0
10
20
30
40
50
60
70
80
single married
Series1
PERCENTAGE
MARITAL STATUS
EDUCATIONAL QUALIFICATION
TABLE NO: 5.3
Source: primary data
Inference: From the above table it is inferred that, 6.5percent of respondents are having higher secondary qualification, 1 percent of the respondents are having Diploma qualification, 27.5 percent of respondents are having under graduate qualification, 61percent of respondents are having Postgraduate qualification and 4 percent are others.
S.no Educational qualification
NO. of respondents Percentage of respondent
1 Hsc 13 6.52 Diploma 2 13 Under graduate 55 27.54 Post graduate 122 615 Others 8 4
S.no Occupation NO. Of respondents Percentage of respondent1 Business 9 4.52 Govt.employee 37 18.53 Private employee 58 294 It professionals 50 255 Homemaker 46 23
Total no. Of respondents 200 100
Source: primary data
Inference: From the above table it is inferred that, 4.5 percent of respondents are business women, 18.5 percent are government employee, 29percent are private employee, and 25 percent are it professionals and 23 percent are homemakers.
Inference: From the above table it is inferred that, 9.23 percent of the respondent are using car from 0-1 yr.13 percent were using car from 1-2 yr, 33.85 percent were using car
S.no Duration of car usage NO. Of respondents Percentage of respondent
1 0-1 year 12 9.232 1-2 year 17 133 2-3year 44 33.854 3-4 year 14 10.775 Above 4 years 43 33
Inference: From the above table it is inferred that, 46 percent of respondents prefer cars between 2.5-4.5 lakhs, 44.5 percent prefer cars between 4.5-6.5, 7.5 percent prefer cars
between 6.5-8.5, 1.5 percent prefer car between 8.5-10.5 lakhs and 0.5 percent prefer cars above 10.5 lakhs.
CHART NO: 5.7
0
5
10
15
20
25
30
35
40
45
50
2.5-4.5
lakhs
4.5-6.5
lakhs
6.5-8.5
lakhs
8.5-10.5lakhs
above10.5lakhs
Series1
Series2
PERCENTAGE
PRICE RANGE
FINANCIAL SOURCES UTILIZED TO PURCHASE CAR
TABLE NO: 5.8
Source: primary data
S.no Financial source NO. Of respondents
Percentage of respondent
1 Bank 79 39.52 Private financials 39 19.53 Loans through
Inference: From the above table it is inferred that, 39.5 percent of respondents choose bank, 19.5 percent choose private financials, 18.5 percent choose loan through dealership and 22.5 percent purchase car with their own source of income.
CHART NO: 5.8
INFORMATION SOURCES TO PURCHASE CAR
TABLE NO: 5.9
S.no Information source NO. of respondents Percentage of respondent
1 TV 23 11.52 Internet 34 173 Magazines 39 19.54 Referral 47 23.55 Walk into show room 57 28.5
Inference: From the above table it is inferred that, 11.5 percent of respondent’s use TV, 17 percent use internet, 19.5 percent use magazines, 23.5 percent collect through referral and 28.5 percent walks into showroom to find out the information about car.
CHART NO: 5.9
COLOURS PREFERENCE
TABLE NO: 5.10
S.no colors NO. of respondents Percentage of respondent
1 Dark 52 262 Light 90 453 Bright 58 29
Total no. Of respondents 200 100
Source: primary data
Inference: From the above table it is inferred that, 26 percent of the respondent prefer dark colors, 45 percent prefer light colors and 29 percent prefer Bright colors.
FIRST PREFERENCE TO INFLUENCE THE CHOICE OF PURCHASING CAR
TABLE NO: 5.11
s.no Factors influence choice of buying
No. of respondents Percentage of respondents
1 cost 63 31.5
2 Fuel efficiency 22 11
3 Exterior appearance 10 5
4 Safety and reliability
55 27.5
5 Brand 50 25
Total no. of respondents
200 100
Source: primary data
Inference : From the above table it is inferred that, 31.5 percent give first preference for cost, 11 percent give first preference for fuel efficiency, 5 percent give first preference for exterior appearance, 27.5 percent give first preference for safety and reliability and 25 percent give first preference for brand.
CHART NO: 5.11
0
5
10
15
20
25
30
35
cost fuelefficiency
exteriorappearance
safety andreliability
brand
Series1
Series2
Percentage
FIRST PREFERENCES GIVEN FOR THE FACTORS INFLUENCES THE BUYERS
FIRST PREFERENCE ON INTERIOR COMFORTS
TABLE NO: 5.12
s.no Interior comforts No. of respondents Percentage of
respondents
1 Air conditioner 70 35
2 Power window 15 7.5
3 Enter/exit 56 28
4 Adjustable seating comforts 40 20
5 Adjustable safety belt 19 9.5
Total no. of respondents 200 100
Source: primary data
Inference: From the above table it is inferred that, 35 percent of the respondents give first preference to air conditioners. 7.5 percent give first preference to power windows,28 percent give first preference to enter/exit, 20 percent give first preference to adjustable seating comforts and 9.5 percent give first preference to adjustable safety belt.
CHART NO: 5.12
0
5
10
15
20
25
30
35
airconditioner
powerwindows
enter/exit adjustableseating
comforts
adjustablesafety belt
Series1
Series2
PERCENTAGE
FIRST PREFERENCE GIVEN FORINTERIOR COMFORTS
TYPES OF GEAR SYSTEM
TABLE NO: 5.13
S.noGear system NO. of respondents Percentage of
respondent1 Manual 48 242 Automatic 152 76
Total no. Of respondents 200 100
Source: Primary Data
Inference: From the above table it is inferred that, 24 percent of respondents prefer manual transmission and 76 percent prefer automatic transmission.
S.no Types of safety measures NO. Of respondents Percentage of respondent
1 Central locking with test alarm 20 10
2 Central locking with remote 40 20
3 Low fuel warning lamp 50 25
4 Day and night mirror 15 7.5
5 Child safety rear door locks 75 37.5
Total no. Of respondents 200 100
Source: Primary Data
Inference: From the above table it is inferred that, 10 percent of respondents would like to have central locking with test alarm as a safety measure, 20 percent would like to have central locking with remote, and 25 percent would like to have low fuel warning lamp, 7.5 percent would like to have day and night mirror and 37.5 percent would like to have child safety rear door lock.
Inference: From the above table it is inferred that 13.5 percent of the respondents were attracted by alloy wheels, 2 percent of the respondents were attracted by ordinary wheels, 26 percent of the respondents were attracted by alloy wheels with tubeless tyre, 43.5 percent of the respondents were attracted by stylish body look and 15 percent of the respondents were attracted by bumpers.
CHART 5.15
S.no Exterior NO. Of respondents
Percentage of respondent
1 Alloy wheels 27 13.52 Ordinary wheels 4 23 Alloy wheels with tubeless tyre 52 264 Stylish body look 87 43.55 Bumpers 30 15
s.no Warranty expected NO. Of respondents Percentage of respondent
1 1year 2 12 2 year 8 43 3 year 47 23.54 4 year 62 315 5 year 81 40.5
Total no. Of respondents 200 100
Source: primary Data
Inference: From the above table it is inferred that, 1 percent of respondents expect 1 year of warranty, 4 percent are expect 2 years , 23.5percent expect 3 years, 31 percent expect 4 years and 40.5 percent expect5 years.
CHART NO: 5.16
0
5
10
15
20
25
30
35
40
45
1 year 2 years 3 years 4 years 5 years
Series1
PERCENTAGE
YEARS OF WARRANTY
DURATION OF CAR USAGE
TABLE NO: 5.17
S.no How long people use the same car NO. Of respondents
Percentage of respondent
1 2 years 12 62 3years 60 303 4years 30 154 5years 42 215 Above 5 years 56 28
Total no. Of respondents 200 100
Source: Primary Data
Inference: From the above table it is inferred that, 6 percent of the respondents use the same car for 2 years only, 30 percent of the respondents use the same car for 3 years, 15 percent of the respondents use the same car for 4 years, 21 percent of the respondents use the same car for 5 years and 28 percent of the respondents use the same car above 5 years.
s.no seats are comfortable No. Of respondents Percentage pf respondents
1 Strongly agree 80 61.54
2 agree 47 36.15
3 neutral 2 1.54
4 disagree 1 0.77
5 strongly disagree 0 0
Total no. OF respondents 130 100
Source: primary data
Inference: From the above table it is inferred that, 61.54 percent of the respondents were strongly agree that their seats are comfortable , 36.15 percent were agree ,1.54 percent were neutral and l 0.77 percent were disagree.
s.no Air conditioner No. Of respondents Percentage pf respondents
1 Strongly agree 78 60
2 agree 46 35.38
3 neutral 2 1.53
4 disagree 4 3.07
5 strongly disagree 0 0
Total no. OF respondents 130 100
Source: Primary Data
Inference: From the above table it is inferred that, 60 percent of the respondents were strongly agree that their air conditioner works well, 35.38 percent were agree, 1.53 percent were neutral and 3.07 percent were disagree.
s.no Storage space are adequate No. Of respondents Percentage pf respondents
1 Strongly agree 61 46.92
2 agree 35 26.92
3 neutral 5 3.85
4 disagree 27 20.76
5 strongly disagree 2 1.54
Total no. OF respondents 130 100
Source: primary data
Inference: From the above table it is inferred that, 46.92 percent of the respondents were strongly agree that their storage space is adequate, 26.92 percent were agree, 3.85 percent were neutral ,20.76 percent were disagree and 1.54 percent were strongly disagree.
s.no My car accelerate adequately No. Of respondents Percentage pf respondents
1 Strongly agree 58 44.62
2 agree 64 49.23
3 neutral 2 1.53
4 disagree 5 3.85
5 strongly disagree 1 0.77
Total no. OF respondents 130 100
Source: Primary Data
Inference: From the above table it is inferred that, 44.62 percent of the respondents were strongly agree that their car accelerate adequately , 49.23 percent were agree, 1.53 percent were neutral ,3.85 percent were disagree and 0.77 percent were strongly disagree.
s.no Interior is quite in the city No. Of respondents Percentage pf respondents
1 Strongly agree 55 42.31
2 agree 68 52.31
3 neutral 3 2.31
4 disagree 4 3.07
5 strongly disagree 0 0
Total no. OF respondents 130 100
Source: primary data
Inference: From the above table it is inferred that, 42.31 percent of the respondents were strongly agree that their interior is quite well in the city, 52.31 percent were agree, 2.31 percent were neutral and 3.01 percent were disagree .
s.no I can park my vehicle easily No. Of respondents Percentage pf respondents
1 Strongly agree 50 38.46
2 agree 44 33.84
3 neutral 3 2.31
4 disagree 31 23.84
5 strongly disagree 2 1.54
Total no. OF respondents 130 100
Source: primary data
Inference: From the above table it is inferred that, 38.46 percent of the respondents were strongly agree that they can park their vehicles easily, 33.84 percent were agree,
Inference: From the above table it is inferred that, 47.62 percent of the respondents were strongly agree that their cars handles well in the city, and highways 45.39 percent were agree, 4.62 percent were neutral . 1.54 percent were disagree and0.77percent were strongly disagree.
CHART NO: 5.24
0
5
10
15
20
25
30
35
40
45
50
stronglyagree
agree neutral disagree stronglydisagree
Series1
Series2
PERCENTAGE
PERFORMANCE OF VEHICLES
Cross tab analysis using Chi-Square test
It is of interest to know the awareness of respondents with respect to age group.
Table 5.25: Awareness with usage of car against age group.
Age distribution
Usage of car Total Chi-square Value
P value
Total
Yes: 65
No : 35
100
18.341
.000
INFERENCE:
Most of the respondents are more in the age group 30-35 yearsand is found to be statistically significant.
Table 5.26: Awareness with preferable price range against age group
Age distribution Price of car Total Chi-square Value
P value
Total
2.5-4.5 lakhs:90
4.5-6.5 lakhs:89
6.5-8.5 lakhs:16
8.5-10.5 lakhs:4
above 10.5 lakhs:1
100
8.036
.045
INFERENCE:
It shows that people prefer car of price range 2.5-4.5 lakhs
Table 5.27: Awareness with financial source against age group
Age distribution Financial source
Total Chi-square Value
P value
Total
Group 1:79
Group2:38
Group3:37
Group4:45
Group5:1
100
9.443
.024
INFERENCE:
It shows that people lend from banks than from other source.
Table 5.28: Awareness with Information source against age group
Age distribution Information source
Total Chi-square Value
P value
Total
Tv:38
Internet:46
Magazine:36
Referral:45
Walk in to the showroom:35
100
3.902
.048
INFERENCE:
It is found to be statistically significant.
Table 5.29: Awareness with colour against age group
Age distribution colour Total Chi-square Value
P value
Total
Dark:52
Light:90
Bright:58
100
7.104
.008
INFERENCE:
Almost 50% indicate that they prefer light colour.
NON-PARAMETRIC TESTS
N Mean Standard Deviation
Type of gear system
Type of safety measures
Exterior that attract the most
Warranty
100
100
100
100
.90
.43
.45
.50
.302
.498
.500
.503
Average usage of the car
Free services
Comfort
Air-conditioner
Storage space
Accelerate adequacy
Interior
Parking
Easy handle
100
100
100
100
100
100
100
100
100
.78
.83
.79
.77
.78
.74
.85
.49
.93
.416
.378
.409
.423
.417
.449
.359
.502
.256
Based on Z Approximation
INFERENCE
The binominal test reveals that all categories turned out to be highly statistically
significant .The years of warranty they expect from a car shows that the awareness has
reached the mass females.
CHAPTER 6
FINDINGS OF THE STUDY
21 percent belongs to the age group of 20-25 years, 19 percent belongs to the age
group of 25-30 year, 22 percent belongs to the age group of 30-35 year, 9 percent
belongs to the age group of 35-40 and 29 percent belongs to the age group above
40 years.
30 percent of the Respondents are single and 70 Percent of the Respondents are
married people
6.5percent of respondents are having higher secondary qualification, 1 percent of
the respondents are having Diploma qualification, 27.5 percent of respondents are
having under graduate qualification, 61percent of respondents are having
Postgraduate qualification and 4 percent are others
4.5 percent of respondents are business women, 18.5 percent are government
employee, 29percent are private employee, and 25 percent are it professionals and
23 percent are homemakers
65 percent of respondents own a car and 35 percent do not own a car.
9.23 percent of the respondent are using car from 0-1 yr.13 percent were using car
from 1-2 yr, 33.85 percent were using car from 2-3 yrs, 10.77 percent were using
car from 3-4yrs and 33 percent were using car above 4 years.
46 percent of respondents prefer cars between 2.5-4.5 lakhs, 44.5 percent prefer
cars between 4.5-6.5, 7.5 percent prefer cars between 6.5-8.5, 1.5 percent prefer
car between 8.5-10.5 lakhs and 0.5 percent prefer cars above 10.5 lakhs.
39.5 percent of respondents choose bank, 19.5 percent choose private financials,
18.5 percent choose loan through dealership and 22.5 percent purchase car with
their own source of income.
11.5 percent of respondent’s use TV, 17 percent use internet, 19.5 percent use
magazines, 23.5 percent collect through referral and 28.5 percent walks into
showroom to find out the information about car.
26 percent of the respondent prefers dark colors, 45 percent prefer light colors and
29 percent prefer Bright colors.
31.5 percent give first preference for cost, 11 percent give first preference for fuel
efficiency, 5 percent give first preference for exterior appearance, 27.5 percent
give first preference for safety and reliability and 25 percent give first preference
for brand.
35 percent of the respondents give first preference to air conditioners. 7.5 percent
give first preference to power windows,28 percent give first preference to
enter/exit, 20 percent give first preference to adjustable seating comforts and 9.5
percent give first preference to adjustable safety belt.
24 percent of respondents prefer manual transmission and 76 percent prefer
automatic transmission.
10 percent of respondents would like to have central locking with test alarm as a
safety measure, 20 percent would like to have central locking with remote, and 25
percent would like to have low fuel warning lamp, 7.5 percent would like to have
day and night mirror and 37.5 percent would like to have child safety rear door
lock.
13.5 percent of the respondents were attracted by alloy wheels, 2 percent of the
respondents were attracted by ordinary wheels, 26 percent of the respondents
were attracted by alloy wheels with tubeless tyres, 43.5 percent of the respondents
were attracted by stylish body look and 15 percent of the respondents were
attracted by bumpers.
1 percent of respondents expect 1 year of warranty, 4 percent are expect 2 years,
23.5percent expect 3 years, 31 percent expect 4 years and 40.5 percent expect5
years.
6 percent of the respondents use the same car for 2 years only, 30 percent of the
respondents use the same car for 3 years, 15 percent of the respondents use the
same car for 4 years, 21 percent of the respondents use the same car for 5 years
and 28 percent of the respondents use the same car above 5 years.
61.54 percent of the respondents were strongly agree that their seats are
comfortable , 36.15 percent were agree ,1.54 percent were neutral and l 0.77
percent were disagree.
60 percent of the respondents were strongly agree that their air conditioner works
well, 35.38 percent were agree, 1.53 percent were neutral and 3.07 percent were
disagree.
46.92 percent of the respondents were strongly agree that their storage space is
adequate, 26.92 percent were agree, 3.85 percent were neutral ,20.76 percent
were disagree and 1.54 percent were strongly disagree.
44.62 percent of the respondents were strongly agree that their car accelerate
adequately , 49.23 percent were agree, 1.53 percent were neutral ,3.85 percent
were disagree and 0.77 percent were strongly disagree.
42.31 percent of the respondents were strongly agree that their interior is quite
well in the city, 52.31 percent were agree, 2.31 percent were neutral and 3.01
percent were disagree.
38.46 percent of the respondents were strongly agree that they can park their
vehicles easily, 33.84 percent were agree, 2.31 percent were neutral ,23.84
percent were disagree and 1.54 percent were strongly disagree.
47.62 percent of the respondents were strongly agree that their cars handles
well in the city, and highways 45.39 percent were agree, 4.62 percent were
neutral . 1.54 percent were disagree and0.77percent were strongly disagree.
CHAPTER 7
SUGGESTION AND CONCLUSION
1. The respondents were aware about cars through entire information source. So the
company should come out with, the most effective dissemination of information
about cars, through all possible advertisement strategy.
2. Most of the respondents those who were highly aware about cars belong to the age
group of 30-35,Hence the company should target the above age group to offer the car
according to their preferences.
3. The survey indicates that more respondents prefer low price models (2.5 -4.5
lakhs).Hence I suggest that manufacturer must offer car of above price range to
women consumers.
4. As more respondents prefer light colors with air conditioner facility in the cars, I
suggest that the manufacturer should give high priority to these features.
5. Further child safety rear door locks as safety measures and stylish exteriors are
preferred by most of the consumers, Therefore manufacturer must serious thought to
these suggestions.
CHAPTER 7.1
CONCLUSION
As per the study, I conclude
The most preferred car must be compact, air conditioned, stylish
and safety measure such as child lock system. As the consumers belong to upper middle
income group, the company should facilitate attractive loan offers by having tie-ups with
commercial bank.High focus and weightage must be given to attribute preferred by
women while launching the new product. The year of warranty they expect for a car
shows that the awareness has reached the mass female. After sales service also
considered by the women consumer, hence high priority should be given for after sales
service with sufficient staff and networking infrastructure.
CHAPTER 8
LIMITATION OF THE STUDY
The study is to a certain extent limited by the vastness of the canvas and the time
available with the researcher for this assignment.
The issue has multiple perspectives, evidenced by the large number of theories
that abound on the subject and the enormous literature available. It thus requires
enormous perspicacity and a judicious use of literature and primary information sources
to carry out a planned investigation on the subject.
While sincere efforts have been made to examine the issue from different
perspectives the availability of more time would have possibly thrown up more
perspectives and a larger primary information sample leading to more accurate analysis
and qualitatively superior solutions.
CHAPTER 8.1
SCOPE OF THE STUDY
The project was developed on the basis women consumers
It will be helpful to found out the awareness level of women consumers and their
specification about car.
It will be helpful for the company in developing a new product according to women
expectation and product modification according the women consumer’s specification for