to map brand performance of videocon brand and competition for colour television refrigera washin
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V.I.M.
Page 1 of 80
Project Report
On
To Map Brand Performance & Strategies of Videocon Brand vis-à-vis Competition for
Colour Television, Refrigerators & Washing Machine
For
Central Marketing (Aurangabad)
IN PARTIAL FULFILLMENT OF
MASTER OF BUSINESS ADMINISTRATION
UNIVERSITY OF PUNE
By
Anshul Ganesh Mantri
M.B.A
(2005 - 2007)
GUIDED BY MR. Murli (VIDEOCON)
PROF. SMITA SOVANI (VIM)
Vishwakarma Institute of Management Kondhwa Buduruk, Pune 411048
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TO WHOM SO EVER IT MAY CONCERN
This is to certify that Anshul Ganesh Mantri is a bonafide student of VISHWAKARMA
INSTITUTE OF MANAGEMENT. He has successfully carried out his summer project
titled To Map Brand Performance & Strategies of Videocon Brand vis-à-vis
Competition for Colour Television, Refrigerators & Washing Machine
at Videocon
Industries Ltd, Central Marketing, Aurangabad in the partial fulfillment of Master of
Business Administration course of Pune University (2005 - 2007)
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ACKNOWLEDGEMENT
A Project usually falls short of its expectation unless guided by the right person at the right
time & good opportunities. Success of a project is an outcome of sincere efforts, channeled
in the right direction, efficient supervision and the most valuable professional guidance. This
project would not have been completed without the direct and indirect help and guidance of
such luminaries. They provide me with the necessary recourses and atmosphere conductive
for healthy learning and training.
I am indebted to Videocon Industries Ltd for providing me an opportunity to undergo my
project with them. I am great full to Mr. Sunil Tandon, VP - Marketing, Videocon Group
for giving the opportunity to work with his team of managers at Videocon central marketing
office.
At the outset I would like to take this opportunity to gratefully acknowledge the kind and
patient guidance I have received from my project guide Mr. Murli
Marketing Manager
and his assistance managers Mr. Gauraw & Mr. Imtiaz without there critical evaluation and
suggestion at every stage of the project, this report could not have reached its present form. In
addition, my internal guide Prof. Mrs. Smita Sovani has critically evaluated my each step in
developing this project report
I express my sincere thanks to Prof. Yuvraj Lahoti (Marketing) and Dr. Sharad Joshi,
Director, Vishwakarma Institute of Management, Pune, for their valuable advice and
guidance. They are always a source of inspiration for me. My thanks are also due to
the faculty and non-faculty member of Vishwakarma Institute of Management, Pune,
for their cooperation and support in completion of my project.
I would also like to thank all the Respondents who gave some of their valuable time to me.
Finally I would like to thank My Family Members and My Friends for their valuable
inputs.
Anshul Mantri
- mantri.anshul@rediffmail.com
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Sr. No. Topic Page No.
01. Executive Summery
06
02. Corporate Profile
07
03. Videocon Board of Governance Chart .. 09
04. Logo Logic . 10
05. Corporate Governance ... 11
06. Social Responsibility ... 11
07. Plant Locations ... 12
08. A Multi Brand Strategy ... 13
09. Brand Basket .. 16
10. Business Portfolio .. 17
11. Videocon Group SWOT . 18
12. Brand Strategies .. 21
13. Other Brands
Introduction, Strengths, Weakness.... 24
14. Current Situation
Brand V/S Price Positioning . 34
15. Research Methodology
35
16. Graphs & Analysis
a. Consumer Electronics
i. Colour Television .... 38
b. Home Appliances
i. Refrigerator . 43
ii. Washing Machine
48
17. Conclusion . . 53
18. Findings
54
19. Limitation . 55
20. Recommendation . 56
21. Bibliography . 57
22. Annexure .. 58
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Executive summery
It is really a dream for any company to occupy the top brand in there brand basket of
company profile by acquisition & take over just within a short span two decade & Videocon
did it? Company started in 1979 in Aurangabad, and now one of the biggest manufacturers of
consumer electronics and home appliances in world with spreading the profile in Oil & Gas,
Glass Manufacturing too.
As a part of my project I tried to analyses and explore the market potentials in Aurangabad-
Jalana & Pune-Ahmednagar city. The area is one of the most potential markets of
Maharashtra. Area of operation was the market of Aurangabad-Jalana & Pune-Ahmednagar
city which in itself a big commercial place of marketing and sales in Maharashtra region of
western India.
I surveyed all the market places of Aurangabad-Jalana & Pune-Ahmednagar city while doing
the project. The research methodology adopted was in depth interview of dealer & shop
owners with respect to the questionnaire so as to understand the market trend and brand
performance. After analysis of data it was found that Videocon has a vast scope and space to
cover the market, as compared to other MNCs are spreading there presence through
lightening speed. The exclusive company showrooms of other MNCs are making bang in the
market. Thus Videocon will come over all other brands with his state of art manufacturing
technology & marketing combination.
Videocon is delivering quality product at optimum price and gaining place in top 5 brands in
market. The reliance and empathy of the Indian s on there Indian multinational - Videocon
products are the real driver of the company to boost the consumer electronics & home
appliances, specially the Colour Television, Refrigerator, Washing Machine in 21st century
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Corporate Profile
The Videocon group emerges as a USD 2.5 Billion global conglomerate continuing to set
trends in every sphere of its activities from a conference room sized assembly line in 1979.
Today the group operates through 4 key sectors:
Consumer Durables Thomson CPT CRT Glass Oil & Gas
Consumer Electronics, Home Appliances & Compressor manufacturing in India
We enjoy a pre-eminent position in terms of sales and customer satisfaction in many of our consumer products like Colour Televisions, Washing Machines, Air Conditioners, Refrigerators, Microwave ovens and many other home appliances, selling them through a Multi-Brand strategy with the largest sales and service network in India. Refrigerator manufacturing is further supported by our in-house compressor manufacturing technology in Bangalore.
Display industry and its components
With the Thomson acquisition Videocon has emerged as one of the largest Colour Picture tube manufacturers in the world operating in Mexico, Italy, Poland and China, continuing to lead through new innovative technologies like slim CPT, extra slim CPT and High Definition 16:9 formats CPT.
Colour Picture Tube Glass
Videocon is one of the largest CPT Glass manufacturers in the world with a high level of experience and technical expertise operating through Poland and India. Videocon will leverage on this synergy after the Thomson acquisition to internally source glass for its CPT manufacturing increasing efficiencies and lowering costs.
Oil and Gas
An important asset for the group is its Ravva oil field with one of the lowest operating costs in the world producing 50,000 barrels of oil per day. The group has ambitious plans for expansion in this sector globally.
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Shri Nandlal Madhavlal Dhoot, the founder of the Videocon Group, completed his education
in Ahmednagar and Pune. As a next logical step to vertical integration, he boldly took upon
an entrepreneurial venture by importing machinery from Europe to set up the Gangapur
Sakhar Karkhana (Sugar Mill) in 1955.
Through a technical tie up with Toshiba Corporation of Japan, he launched India's first
world-class color Television: Videocon. Today, Videocon is household name across the
nation- India's No. 1 brand of Consumer Electronics & Home Appliances, trusted by over 50
million people to improve their quality of life.
The year 2005 marks a milestone in the history of Videocon with the acquisition of the
complete Colour Picture Tube operations of the Thomson group and the Indian operations of
AB Electrolux, Sweden. Further subscribing to their faith in Videocon, Thomson and
Electrolux bought about 15% and 5% stake respectively in Videocon Industries Ltd., our
flagship company having a market capitalization of around USD 2.5 billion.
The group today is one of the largest manufacturers of Colour Picture Tubes and Glass shells
from state of the art units in Mexico, Italy, Poland, India and China, which form the backbone
of many Colour Television manufacturers around the world.
Our Oil & Gas operations contribute to India s ever-growing demand for energy and
developmental needs. Videocon group is more ready than ever for further expansion and
serving to continue spreading happiness to millions of people around the world through its
products.
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Videocon Board of Governance
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Logo Logic
This is the new Videocon symbol. It reiterates the ethos of a company dedicated to
maintaining the highest international standards of excellence through quality, technology and
innovation. For over a decade now, Videocon has been bringing the latest and very best in
Consumer Electronics and Home Appliances. Successfully adapting the best of international
technology to suit Indian needs, and crafting it to improve the quality of life
as million of
satisfied customers will agree.
The symbol of Videocon asserts its passion for impact and the two E s on the ethic side
represent the wide spectrum of interest raining from Electronic to Energy . Along with the
steely glint, this communicates the group's global ambition, its strength, sterling credentials
and innovative drive. A symbol that proclaims a paradigm shift. A sign that represents the
new force that is Videocon. Thus recapitulating our principle of reaching out and touching
the lives of millions of people. Worldwide. A company dedicated to maintaining the highest
international standard of excellence though quality, Technology and innovation. For over a
decade now, Videocon has brought the latest and very best in consumer electronics and home
appliances, successfully adapting the best of international technical to satisfy customer will
agree a symbol that proclaim a paradigm shifts a sign that new force that is Videocon. Thus
recapitulate our principle out and touching live million of people.
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Corporate Governance
Social Responsibility
Company's Philosophy on Code of Governance:
The company's philosophy on corporate governance enshrines the goal of achieving the
highest levels of transparency, accountability and equity in all spheres of its operations and in
all its dealing with the shareholders, employees, the government and other parties. The
company believes in the philosophy on code of corporate governance, which provides a
structure by which the rights and responsibility of different constituents, such as the board,
employees and shareholders are carved out. In carrying out this, it is ensured that the
company's objectives are well defined and performance against those objectives are
adequately measured and monitored.
Hospital
In the memory of our founder Videocon runs a world class hospital with the latest
equipments, MRI, CT scan machines run by dedicated doctors specializing in Cancer and
heart surgery. The hospital is 100% charitable and caters to the people in Indian villages,
which cannot even support their families let alone afford medicines.
Schools
The group runs a world class school dreamt by our LATE founder in the village of Gangapur,
dedicated to giving high quality high school education to underprivileged girls inspiring them
to aim higher and work for the development of the country.
Cricket
The Videocon School of cricket was launched in Kolkata to train budding talent in the age
group of 10 to 17. It aims to put about 700 students through the paces every year.
Sponsorship of cricketing events across the globe underlies Videocon's commitment and
passion for sports as well as its goal to connect with a global audience. Videocon is inspired
heavily by the uplifting values perpetuated by sports. Its ability to draw people together
irrespective of differences in race, gender, religion and country. Unity of spirit and purpose is
ultimately what builds bridges between diverse cultures.
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Plant Locations
Videocon International Limited 14 Km Stone, Aurangabad-Paithan Road Village Chitegaon,Tq- Paithan Dist: Aurangabad-431105
Videocon Appliances Limited 15 Km Stone, Aurangabad-Paithan Road Village Chitegaon ,Tq- Paithan Dist: Aurangabad-431105
Videocon Communications Limited Gut No 350, Bhalgaon Dist: Aurangabad 431210
Applicomp (India) Limited Survey No-6 To 11 Krishna Sagar Village Attibele, Hosur Road Bangalore -562107
Indian Refrigerator Co. Ltd Plot No-72 (Phase -1) Sipcot Industrial Complex Hosur 635126
Kitchen Appliances India Ltd Sector V, Block B.P Salt Lake City, Kolkata 700 091
Millennium Appliances India Ltd Hardwar Park, Survey No-1/1 Village Imarat Kancha,Maheshwaram Mandal Dist. Ranga Reddy 500 005
Videocon Narmada Glass P.O Box No-68, Videocon House Village Chhavaj, Bharuch 392002
Office Locations
Videocon International Ltd. Shenzhen Representative Office Room 5106, 51st Floor, Diwang Commercial Centre 5002, Shun Hing Square, Shennan Road East, Shenzhen, China Phone No. +86-755-25833-845 Upto 850
Thomson 46, Quai A. Le Gallo 92648 Boulogne Cedex - France Phone No. +33-141-86-54-11
Thomson Displays Polska Sp. Z O O Ul. Gen. L. Okulickiego 7/9 05-500 Piaseczno Poland Phone No. (48 22) 7571
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Videocon - Multi Brand Strategy
Marketing of two or more mutually competing products in a given market or different
markets under different brand names by the same company
The basket of brands can be
Brands built internally
Acquired brands
Brands through joint ventures
Gain of marketing rights
Why companies opt for a multi brand strategy?
To differentiate it s offering to different market segments
To get maximum mileage out of established brands that it has acquired
To protect the interest of the mother brand
To create internal competition to promote efficiency
To increase sales further without sacrificing on profitability
Advantages
Enables to meet the needs of different groups of customers and to react to the specific
requirements
To attract and catch brand switchers
Can function as S.B.U's which act as profit centers
Failed brands do not affect image of other existing brands
Brands are created to protect the parent brand Possibility of entering new product
lines
Results in increase in shelf space
Higher penetration
Avoid dependence on few brands
Better economies of scale
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Disadvantages
May lead to cannibalization of brands in a given market
Investing in different brands results in excessive cash flows
Cost and time for promoting a new brand is high, so needs patience
Brands will not be able to capitalize from a strong corporate name
An acquired brand may not fit culturally in the new brand architecture
Situation mid- Nineties
Videocon was the No 1 brand
Increasing competition expected from new entrants, especially those who were
Globally strong
Ready to invest in Indian market
Increasingly difficult for Videocon to increase market share
Was the brand strong enough to withstand the onslaught of MNC BRANDS?
Videocon group goes for Multi Brand Strategy
To protect mother brand
To increase overall market share for the group
In-turn result in more efficient utilisation of group s manufacturing facilities
How is Multi Brand Strategy helping Videocon group?
Helps Videocon group avoid dependence on few brands
Helps Videocon group avoid dependence on few dealers
More efficient utilisation of manufacturing capacities
Better economies of scale
Failed brands in a market do not affect the image of other existing brands of Videocon
group in that market
As product holding period reduces, the different brands of Videocon group try to
address markets from various angles to attract and maintain the many Replacement
customers
Career path opportunities across Videocon group
Can help Videocon group achieve 100% penetration with at least 2 of our brands
present in each outlet?
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Will Multi Branding Strategy for Videocon group help Videocon Brand?
Bigness of the group has a positive rub-off on the mother brand Videocon
Economies of scale advantage also flow to Videocon:
Media costs
Service
Logistics
Manufacturing
Engages competition to fight on several fronts
Strong competitive challenge within the group motivates Videocon to keep on
growing
Investment and focus on mother brand to drive its growth
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Brand Basket
Tie-ups with Global Leaders
Partner Product Nature Of Tie-Up
Toshiba Corp Colour TV Technical Collaboration-Brand Arrangement
Samsung Electronics Fly Back Transformers, Tuners Technical Support
Matsushita Electric Washing Machine Technical Collaboration
Matsushita Electric Air Conditioner Design & Drawing
Matsushita Electric Refrigerator Design & Drawing
Sansui Electric Co. Ltd Audio Products and Colour TV ODM for Indian Market
Techneglas Glass Shell Technical Collaboration
Akai Audio Products and Colour TV ODM for Indian Market
Hyundai Colour TV ODM for Indian Market
Electrolux AB Sweden Refrigerator, Air Conditioner and Washing Machine
1. ODM & Indian Market 2. Sourcing of components for Global Market 3.ODM for Global market
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VIDEOCON SWOT
STRENGTH
Technology:
Global acquisition of Thomson and technological tie ups with majors like Toshiba,
Panasonic, Matsushita, Samsung & others have given access to patents and a strong
R&D base
Global quality certification like CE, UL, VDE, SASO and IRAM help in better
quality perception and global expansion
Market:
Domestic leadership through multi brand strategy.
80% plus penetration at dealer level.
Closest to market and for the market - strategic manufacturing locations i.e. Mexico
NAFTA, Italy EU, Oman GCC, Poland East Europe, India SAARC and China.
Wide and well established service network providing efficient after sales service.
Cost:
High degree of backward integration
in house production of components critical to
quality and cost.
Manufacturing facilities in strategic locations with tax and cost benefits.
Global capacities provide economies of scale.
Glass CRT CTV offers unique synergy in global CTV business.
People:
Young and vibrant employees with 70% of the force below the age of 30.
Cordial relationship with trade unions No man days lost due to labour unrest.
Multi skilled workforce
More than 50% staffs are graduates/post graduates.
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WEAKNESS
Multi brand strategy is diffused in certain areas.
Most product development cycles start from R&D and not from consumer insights.
Long business cycle leads to greater need of working capital.
Quality perception not on par with multinationals like Sony
Inadequate MIS due to complexity of the business structure.
Multiple factories and brands burden logistic support.
OPPORTUNITY
Technology:
Existing global facilities provide basic infrastructure to expand to FPD
manufacturing.
Start rotary compressor production for air conditioner.
Market:
New global footprints provide access to large international markets in major product
categories.
Huge potential considering the present low domestic penetration levels.
Large integrated components and product manufacturing facilities provide huge OEM
potential.
Cost:
New facilities in low cost areas with tax benefits.
New facilities at international locations with minimal CAPEX due to existing
infrastructure.
Rationalizing common services such as logistics, warehouse and after sales services.
People:
Recent M&A activities have led to growth in brand / Corporate image and greater
interest of all present and future stake holders globally.
Restructuring of the organization in a professional manner to create a competitive and
challenging environment.
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THREAT
Growth of alternative technologies.
Continuous price pressures driven by capacity adjustment time lag.
Margins in glass/CRT based business may come under pressure if alternative
technologies are available at a price factor of 1.5 times.
Strong competition from existing players in China.
Building client confidence regarding quality standards may take some time.
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Brand Strategies
The year 2006 comes at a time when Videocon is fresh from its acquisition of Thomson s
colour picture tube business worldwide, making it the first truly Indian multinational. The
company now has access to the finest technologies in the world, due to the continuous
innovation by its R&D centres across the world & state-of-the-art manufacturing facilities in
France, Italy, Poland, Mexico, China & India. As a result many innovative new products have
been launched, from the Slim&Trim TV which is 42% slimmer than a normal 21 flat TV; to
the International Series of TVs, to the sleek range of Konzerv washing machines which have
a unique water-saving function. This trend is seen to continue throughout 2006 as well.
Videocon s wide range of products has always focused on giving consumers the very best in
stylish and technologically advanced products, from Colour Televisions, DVD Players, Home
Theatres, Washing Machines, Refrigerators and Air Conditioners. The modern-day consumer
is aware of the latest technological advancements in electronics & appliances, and the options
available to him. With the advent of cable television, a window to the world has opened up in
the average Indian s living room, making him more aware. As a result his expectations have
also increased. Videocon s endeavor is to not only fulfil the needs of the customer but make
available to him a wide array of options and new technologies that are suited to his needs.
With international products like Slim TVs, Plasma TVs, the global International Series
range and much more, the company now has more to offer to the discerning consumer who
appreciates style & comfort in life.
In this era of information technology, when the entire world is networked, and the concept of
a global village exists now much more than ever before, no company can survive on such a
large scale if it does not integrate its processes. Videocon was one of the first companies to
realize the importance of information technology for global scale efficiency. As early as the
year 2000, it implemented the SAP R3 4.0B System. In 2005, Videocon became the first
company in India to implement the mySAP Business Suite, which consists of various
components like ERP 2004, CRM 4.0 (Consumer Relationship Management), BIW 3.5
(Business Information Warehousing), and EP 6.0 (Enterprise Portal). The implementation of
mySAP in Videocon was one of the few implementations that was monitored and supported
directly by SAP AG, Germany. Videocon is ramp-up customer for SAP, one of the few
clients who will receive all updates in the system as and when they happen.
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The SAP ERP 2004 business solution has resulted in integration of processes to strengthen
resources, networks & infrastructure within the company. It has enabled Videocon to
proactively respond to market dynamics, maintain control over costs, increase productivity,
and make the company more agile and better prepared for the future. The various modules
like Sales & Distribution, CRM, Logistics, Plant Management, Production Planning, Material
Management, Quality Management, Finance, Human Capital, Business Information
Warehousing and Enterprise Portal have all integrated Videocon into one cohesive unit,
functioning at maximum efficiency, geared to face the future.
As a first step towards reaching out to rural areas, 2005 saw the launch of a nation-wide
series of road shows in the B & C-class towns of India, called Videocon Lifestyle Expo 2005.
These generated tremendous interest, showcasing Videocon s product range superiority and
bringing the Videocon experience close to the consumers homes. In 2005, the Lifestyle Expo
was held in 53 locations across the country, and over 1.2 lakh people visited them to look at
the latest technologies on offer, experience the Videocon products hands-on, and be
entertained in a variety of other ways. The 2006 edition of the Lifestyle Expo has just begun,
and is expected to surpass last year s Expo in terms of popularity; footfall & sales, helping
Videocon increase its penetration throughout the country.
2005 was a good year for Videocon in terms of sales. Overall sales in colour televisions were
12, 28,533 units from January to December 2005. In home appliances, Videocon sold 3,
13,463 washing machines, 3, 94,784 refrigerators, and around 1.2 lakh air conditioners. The
Multie & Maxie range of washing machines were particularly successful. Besides the
normally good seasons like Onam in Kerala, Durga Puja in the East & Diwali all over the
country, Videocon launched several off-season offers like Hum-Tum Offer, Heads You
Win Tails You Win Offer etc., which did much to boost the sales and resulted in a good year
for the brand
In 2005, Videocon s strong corporate campaign in the press and on TV has awoken the
country to the fact that Videocon is an emerging global powerhouse in their own backyard.
The Gayatri Mantra television commercial, for example won much acclaim and was loved
by all.
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Even as it looks in the direction of global supremacy, Videocon has always kept its finger on
the pulse of India. And knowing that Cricket & Bollywood are the two things that never fail
to arouse the passions of Indians, Videocon maintains a strong association with these two,
and will continue to do so in 2006. With the support of the biggest contemporary star,
Shahrukh Khan, Videocon continues to reach out to the masses.
The last 4 years have seen Videocon sponsor the matches played by the Indian cricket team,
having won the exclusive rights from BCCI along with TVS Motors & Pepsi. In 2006,
Videocon will continue to make its presence felt in Cricket in a big way. Videocon is now the
sponsor of the West Bengal Ranji team. It has also established the Videocon School of
Cricket in Calcutta, in partnership with Sourav Ganguly, which recognises & grooms talent
for the future generations of Indian cricket.
But one of the biggest coups Videocon has pulled off in cricket recently is signing on one of
India s hottest young cricketing talents
the exciting Mahindra Singh Dhoni, who will now
endorse Videocon products. According to Mr. Sunil Tandon, VP Marketing, Videocon, With
his swashbuckling style & hunger for success, Dhoni epitomises the spirit of Videocon. His
youthfulness and determination will have a positive rub-off on the brand and increase its
appeal among the younger generation.
In 2006, Videocon plans to continue its strong focus on flat TVs. The fast-growing 29-inch
segment will be an area of focus. Besides, with the Slim&Trim range set to expand into new
models in the 21 & 29 segment, and also into Home Theatres & DVD Players, the
customer will be offered a wide range of choices in this sleek range.
In home appliances, the focus will remain on the unique water-saving Konzerv range of fully
automatic washing machines, and Videocon will also concentrate on Frost-Free Refrigerators,
the fastest-growing category in refrigerators. 2006 will also see Videocon launching its
microwave ovens in a big way, with a wide range spreading across all segments. In air
conditioners, Videocon, on the strength of the patent for its technology for energy efficiency
(40% less energy consumption), plans to launch a new range, with focus on the split AC
market.
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Introduction, Strengths, Weakness
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AKAI
Founded in 1929, Tokyo, Japan, AKAI has engaged in offering quality home entertainment
products specializing in the audio and video arenas.
Be the chosen brand of all Indians by providing and maintaining excellent Quality and the
best Value-for-Money in Consumer Durable products. For more than seven decades, AKAI
has proven itself to be one of the premier sources of vision and innovation for consumer
electronics. Akai Electric Company Limited has appointed Videocon group to market it's
product in India. Looking at the socio economic and demographic profile of the country we at
Akai acknowledged the very fact that Technology is meaningless if one can t afford it .
Akai Consumer Electronics India Ltd has been structured to provide thrust towards customer
satisfaction. The company has focused on providing value for money products and services
within the reach of the average Indian consumer.
AKAI is slowly changing the perceptions in the minds of the customers and hard-selling the
fact that they are giving value and much more for the kind of monies that the customer shells
out to purchase a CTV. One does not have to go in to purchase a very expensive brand to get
a feature-loaded television but can avail the same features in an AKAI at a cost that pleases
his purse as well.
STRENGTH
Akai has improved the distribution & logistic network.
Akai had made the impression in the mind of customer as the combination of price &
technology.
Akai is in the brand basket of Videocon Indian Multinational.
WEAKNESS
No variety in models with fast changing technology, especially in the home appliances.
The market share is still not up to the mark, having presence in the 5 to 10 ranking.
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ELECTROLUX
Focused on providing value, Electrolux current ergonomically superior and technologically
advanced products range in India includes refrigerators, washing machines, microwaves and
Air conditioners.Committed to enriching the life of the Indian consumers, it is the only
company in India producing products using the Life Nourishing System technology.
Evidence of its marketing ingenious, its Ozone brand of refrigerator is today ranked as the
fastest growing refrigerator brand in the country in the no-frost category. Company also
launched Bijlee - World s first fridge that runs even without electricity, Tamanna - World s
first fridge with FM radio and message recorder, Oxyaquaswing refrigerator - India s first
Hands-Free Refrigerator with water-through-the-door technology.
Not only this. EKL also launched World s first talking washing machine, the Washy Talky,
which is the winner of Ripley s Believe it or Not and is also featured in Limca book of
Records . It is now available in three regional languages, besides the existing English-
speaking model. These three are Hindi, Kannada and Tamil.
Electrolux products in India are manufactured and distributed by Videocon Ltd. The
Electrolux Group specifies the product range, design, quality and brand communications so
that it conforms to the global standards of Electrolux.
STRENGTH
Good hold in home appliances, especially in the Refrigerator & Washing Machine.
The brand is recognized in the market for economically superior and technologically
advanced
Manufactured and distributed by Videocon Industries Ltd.
WEAKNESS
Lack of TV commercials & print ads, thus the customer s knowledge about the product is
low.
Declining market share & tough competition from MNCs
Poor market presence i.e. brand availability is not up to the mark.
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GODEREJ
Goderej is today one of the largest engineering and consumer products company in the country having varied interests from engineering to personal care products with a total sales turnover of about US $ 1.1 Billion. Goderej is also one of the most respected corporate houses.
Godrej & Boyce Mfg. Co. Ltd.
Appliance Division is in the business of Manufacturing
Refrigerators, Washing Machines and Air Conditioners.
We have been manufacturing refrigerators in India since 1958. From creating a revolution
with PUF (Polyurethane Foam) in 1989 to the launch of Godrej Pentacool in 2001, Goderej
have been at the forefront of product innovation.
Godrej started manufacturing Washing Machines in 1996. We have a complete range of Hi
Tech Semi Auto and Fully Auto Washing Machines. In addition to the above products,
Goderej also have the Godrej Smartcare service brand to provide excellent 'After Sales
Service'. Consumers continue to rate the Godrej after Sales Service as the best in the industry.
In addition to catering to the domestic consumers, Godrej is also a key OEM supplier in
India. After the success achieved in the domestic market, Godrej is also looking at Exports in
a big way and has launched its Refrigerators and Washing Machines in Sri Lanka. Goderej
also export our products to Singapore, Afghanistan, the Middle East, Egypt, Kenya, Rwanda,
Bahrain and Oman.
STRENGTH
Goderej have a strong Brand image in the market, over & above it has a good distribution set
up.
Customer trust towards Goderej is for Superior quality product
Goderej is known for its 'After Sales Service' network.
WEAKNESS
Goderej is having the Presence in Home Appliances i.e. Refrigerator, Washing Machine etc.
The prices of Goderej are not matching with the market trend, no scheme & offers on
products.
The market presence is not up to the mark, rang of product line is also low.
V.I.M.
Page 32 of 80
HAIER
Haier Appliances (India) Private Limited is a wholly-owned subsidiary of Haier Group. Haier
India was launched in India in December 2003 and by August 2004 had an all-India
promotion launched with over 55 products -- Refrigerators, Colour Television, Washing
Machines. The India launch was started with innovative products which were designed
keeping the day to day customer needs in mind -- products that will transform the customer's
every day living into inspired living. 'Products that will make your today better than
yesterday.' The India operations already has an established dealer network of approximately
1600 dealers all over the country, which is backed by a strong service and after sales service
network.
Television
Powered by the revolutionary TDX technology this range promises you audio and video
quality so enhanced, you would almost be watching real life.
Refrigerator
Thanks to Haier's True Tast technology, which maintains a uniform flow of cold air in all
parts of the refrigerator. Also the humidity inside the refrigerator is maintained to an exatct
level to prevent dehydration of any food kept inside...
Washing Machine
Haier laundry products have a wide range to choose from -- frontload, top load, portable
washers, washer/dryer combinations, top load and frontload dryers.
STRENGTH
Haier had made the Aggressive marketing at the introduction level of brand in India.
The brand is delivering Quality & technology combination in products
The brand is having the Availability at major shops with reasonable good range of product.
WEAKNESS
The brand is not known to the customer in the market; need to work more on commercials.
High cost of products & after sales network limitations.
V.I.M.
Page 33 of 80
LG
LG Electronics vision for the 21st century is to become a true global digital leader through
fast growth and fast innovation and to be known as a company who can make its worldwide
customers happy through its innovative digital products and services.
COLOUR TELEVISION
In the Indian household scenario where space is a major constraint, LG has come up with an
innovative solution by way of World s slimmest Flat CRT TV, Slimagic, X Wave is India s
first TV with wireless Audio Transmitter. This new technology will enable consumers to
listen TV sound through any audio system with FM receiver. The TV sound output can be
received by any audio set with FM receivers. This will enable consumer to experience home
theatre sound output. The current model is available in 21 category and LG plans to launch
29 Flat X wave shortly.
FROST FREE & DIRECT COOL REFRIGERATORS
LG has launched an exhaustive range of feature rich diamond cut frost-free & direct cool
refrigerators ranging from a capacity of 230L to 751L. The company currently has six
variants in 230 liters capacity, four variants in 250 liters and five variants each in 280 liters
and 310
FULLY AUTOMATIC & SEMI AUTOMATIC WASHING MACHINES
LGEIL has a total line up of 11 models in FAWM & SAWM offering capacity of 6.2, 6.5, 7.0
& 7.2 Kgs. washing machine has been designed taking into consideration the aspirational as
well as functional needs of Indian consumer. The new Semi automatic machine launched has
international looks and elegance.
STRENGTH
The most reputed brand in Indian market in term of technology.
Good dealer network and dealers recommendation has a major role in boost of sales.
Brand is Available in vast range all across with best combination of price & technology.
WEAKNESS
Prices of product are high end & Poor perception of service quality.
Tough competition from other brand in market with price constrain.
V.I.M.
Page 34 of 80
ONIDA
Mr.G.L.Mirchandani and Mr.Vijay Mansukhani started Onida in 1981 in Mumbai. In 1982,
Onida started assembling television sets at their factory in Andheri, Mumbai. Superior
products and the combination of a distinctive voice, a cutting-edge advertising strategy, and
purposeful marketing ensured that Onida became a household name. Over the years, Onida
has strengthened its reputation for the intelligent and pioneering application of technologies.
Onida today enjoys a strong equity among consumers making it one of the leading brands in
India. Our constant endeavor to introduce products of substance that offer the very best in
technology and the finest design have made Onida a leading player in the electronics and
entertainment business today.
Onida has recently made a foray in other household appliances including air-conditioners,
washing machines, DVDs, Plasma & LCD televisions and home theatre systems.
Onida has a network of 33 branch offices, 208 Customer Relation Centers and 41 depots
spread across India. MIRC Electronics shares are listed on the National and Mumbai Stock
Exchanges. The company enjoyed a market capitalization of Rs.301.46 Cr. as on 31st March
2005. The transition of Onida from a family-owned business to a professionally managed
company has largely been made possible by the vision of the Chairman & Managing
Director, Mr.G.L.Mirchandani.
STRENGTH
Old market presence is helping boost the distributional channel & after sales network.
Strong in technology based product is the symbol of brand image.
The market share is good enough, presence in top 5 brands in consumer electronics.
WEAKNESS
Limited range in the Home Appliances range of products.
Availability of brand is mostly limited to urban market.
Not perceived as an exciting brand & having Low prestige / status association
V.I.M.
Page 35 of 80
PHILIPS
Philips started operations in India at Kolkata (Calcutta) in 1930. Established as Philips
Electrical Co. (India) Pvt Ltd , the company comprised a staff of 75 and was a sales outlet for
Philips lamps imported from overseas. Philips in India is part of Royal Philips Electronics. As
one of the nation's most well-known and well-loved brands, Philips is a part of practically
every Indian's life. Philips products find a use in virtually every aspect of daily life - at home,
at work and on the move. Today, Philips stands as a source of reliable and innovative
products that enhance the quality of consumers' professional and personal lives.
Philips continuously explores new ways to improve products and to offer innovative products
to its consumers. That s why Philips has created a program through which we will reach
higher and higher quality levels in all products and services. In fact, this quality improvement
program affects all our employees and all our processes, in every country, division or
department, encompassing everyone from Board of Management-level to the shop floor.
BBEESSTT
-- BBUUSSIINNEESSSS EEXXCCEELLLLEENNCCEE TTHHRROOUUGGHH SSPPEEEEDD AANNDD TTEEAAMMWWOORRKK
The BEST program is Philips chosen path to achieve business excellence. It describes a set
of methods and tools by which we continuously improve our efforts. Previous successful
initiatives are incorporated in the program to make sure we learn as much as possible from
our successes in the past.
STRENGTH
Brand name known for quality is having a strong presence in the mind of customers.
Philips products are combination of price & technology, having good enough range of
product to offer.
Strong sales network & Philips arena - chain out let bring the complete range of product in
market
WEAKNESS
The brand is Limited to consumer electronics goods only.
Not having presence in the top 5 brands.
V.I.M.
Page 36 of 80
SAMSUNG
Samsung India is the hub for Samsung s South West Asia Regional operations. The South
West Asia Regional Headquarters looks after the Samsung business in Nepal, Sri Lanka,
Bangladesh, Maldives and Bhutan besides India. Samsung India which commenced its
operations in India in December 1995, today enjoys a sales turnover of over US$ 1Bn in just
a decade of operations in the country.
From being a virtually unknown entity in the Year 1995, brand Samsung today enjoys an
awareness of over 95% and a positive opinion of around 80% in the country today (source:
BAS 2004). Sports Marketing and Entertainment Marketing have been the key elements of
the Company s Brand Marketing Strategy. Samsung has very successfully leveraged its
association with Cricket and Cinema in the form of Team Samsung and Samsung IIFA
Award . Samsung India sponsored the high profile Samsung Cup Indo-Pak Cricket Series in
the Year 2004. Team Samsung or Samsung s team of celebrity cricketers endorsing
Samsung products has been successfully used to create more awareness for Samsung
products.
To display Samsung products in a more lifestyle ambience and to communicate the product
benefits in a more interactive manner, Samsung India has set up a widespread network of
Samsung Digital Worlds, Digital Homes and Digital Plazas all over the country.
The Samsung Brand shop network complements the over 8500 retail points for Samsung
products located across the length and breadth of the country.
STRENGTH
Good combination of Technology & price is brand next image in the mind of customer.
Brand is having Strong hold in market. The brand is having Presence in top 5 brands of
market.
The Availability of brand in the market is good, with wide range across all products.
WEAKNESS
After sales service network is to be improved, so as to bring the satisfaction level in
customer.
The brand is having Very few exclusive Samsung plazas in semi urban area.
Perceived as an expensive brand & Poor perception of service quality
V.I.M.
Page 37 of 80
SONY
One of the most recognized brand names in the world
Sony Corporation was founded in 1946, and since then has grown to become one of the most
reputed brands in the history of the modern world. Throughout the world today Sony stands
for innovation, state of the art technology and superior quality. Leading into the next
generation, Sony s vision is to offer people exciting new products and new lifestyles.
Presence across India
Since its inception, Sony India has its footprint across all major towns and cities in the
country through a distribution network comprising over 4500 dealers & distributors,170 Sony
World and Sony Exclusive outlets and 17 direct branch locations.
Visible face of Sony
A world class shopping experience is provided to discerning consumers through the
company s chain of exclusive stores
Sony Worlds. Contemporary, techno-led, sleek
interiors, aesthetic display, ease of browsing, customer-friendly & informed sales persons are
the hallmarks of Sony Worlds across India.
Service excellence
Sony India also has a strong service presence across the country with 19 company owned and
151 authorized service centers.
STRENGTH
One of the Most recognized brand names in the world.
Quality is the next term for the brand, having high end technology in the entire product range.
The brands exclusive showroom and service point bring the customer satisfaction
WEAKNESS
High cost of product, Limited offers & scheme
Not having good market share, thus not in the top 5 brands of the market.
V.I.M.
Page 38 of 80
WHIRLPOOL
Whirlpool, is the single largest home appliances company in the world, has a unique story.
The Whirlpool Corporation celebrates its 90th anniversary this year. India was identified as a
growth market in the late 80 s. The Whirlpool Corporation entered into a joint venture
agreement with the TVS group to produce automatic washers at a plant set up in Pondicherry.
A modest beginning was made to establish the Whirlpool brand in India. In 1995 the
Whirlpool Corporation acquired Kelvinator of India Limited and entered into the refrigerator
market.
The Whirlpool brand went from having no awareness to claim an awareness of up to 85% and
a market share of 25%. Whirlpool has the distinction of being the most preferred brand in the
washing machine category with market leadership in the segment it pioneered worldwide
the automatic washing machine. In less than three years, the Whirlpool brand had become a
household name and has today emerged as a leader in the domestic home appliances market.
Vision & mission
Our all-pervasive vision of Every Home... Everywhere, with Pride, Passion and Performance
rests on the pillars of Innovation, Operational Excellence, a customer-centric approach and
diversified talent. These are embedded in our business goals and strategy, processes and
culture.
STRENGTH
Largest home appliances company in the world
With good product presence in market is help giving boost to sales.
Quality & price combination help in make brand image in mind of customer.
Very high top of Mind recall and consideration for purchase & High ad recall
WEAKNESS
Only presence in the home appliances
Brand is Limited to the major market places of cities only.
After sales service network remains not updated.
Poor perception of service quality & as an expensive brand
V.I.M.
Page 39 of 80
V.I.M.
Page 40 of 80
V.I.M.
Page 41 of 80
V.I.M.
Page 42 of 80
Proposed Title of the Study
Broad Overview of the Study
Objective
To Map Brand Performance & Strategies of Videocon Brand vis-à-vis Competition for
Colour Television, Refrigerators & Washing Machine
In this study our emphasis will be on mapping Videocon Brand vis-à-vis Competition Brand
performance in the market places of Aurangabad - Jalana & Pune - Ahmednagar city in
following way.
Availability of the brands in the market.
The range of models available in the shelf s of the store.
Ranking the percent share of the brands in the segment.
Dealer s feedback on the market trend of the brands performance.
Knowing the customer buying aspect from the dealer s point of view.
To Asses the current market potential of Videocon Television, Refrigerator &
Washing Machine.
To study the marketing strategy & trend of consumer electronics & home appliances
To determine the market share of Television, Refrigerator & Washing Machine.
To study the availability of product in market & ranking them according to sales
V.I.M.
Page 43 of 80
Research methodology
Area of operation
Sample size
The following methodology was adopted for carrying out the project undertaken.
Secondary data was collected from company office by involving in day-to-day
activity, Business magazine & company web site.
Primary data was collected through direct interaction with dealer.
A questionnaire was prepared keeping in view of the objective of the project.
A stratified sampling method will be used for the sample selection.
Sample will of minimum 50 and not more that 100 and will be carried out.
Collected data will be analyzed by help of simple statistical techniques and will be
interpreted in graphical explorations.
The area of operation was carried out in Aurangabad-Jalana & Pune-Ahmednagar city only.
The total number of dealer surveyed is 55. Bifurcation of which according to city is as
follow
Aurangabad Jalna - 20
Pune - Ahmednagar - 35
V.I.M.
Page 44 of 80
V.I.M.
Page 45 of 80
V.I.M.
Page 46 of 80
Colour Television
Market Availability
16
12 12 11 11 107 7 6
4 4
15
9 8 8 7
12
18
5 4
9
5
0
5
10
15
20
LG
Vid
eoco
n
Akai
Sansu
i
Oth
er
Onid
a
Sam
sung
Hundai
TC
L
Phili
ps
Haie
r
Brand s
Per
cen
t S
har
e o
f B
ran
d
Conv in % Flat in %
Above graph is for the market availability of the product (in percentage).out of the total no of
model available in store, the percent share of each brand is shown above. The x-axis shows
the brand s line in store and the y-axis shows the percent share of brand (in percentage).
Above graph has two parts i.e. conventional model & flat models available in store.
Top leading brand in conventional is L.G with 16% of share followed by the Videocon &
Akai with 12% share each. The conventional is the declining stage of the technology by the
flat ctv. But still the old players in industry are hanging with the conventional CTV. Where as
the multinationals are reducing the CTV market share. Sony has 0% share in conventional
CTV.
In flat CTV segment Samsung is dominating others by leading the chart by 18% availability.
LG, Onida are making strong presence in second row by having 15% & 12% respectively
shared. Videocon has left much behind in the flat segment.
V.I.M.
Page 47 of 80
Average NO.of Models Available at Store for Respective Brand's.
2
3
1
2
2
1
1
2
2
0
1
0
1
1
1
0
1
0
0
0
4
2
3
4
3
4
5
2
3
4
3
2
1
1
2
1
1
3
0
0
1
2
0
0
0
0
0
1
0
0
1
1
1
1
1
0 1 2 3 4 5 6
LG
Videocon
Akai
Sansui
Other
Onida
Samsung
Hundai
TCL
Philips
Haier
Other
29"F
21"F
29"c
21"c
Above graph is for the average No. of model available in market for each brand. Out of the
total no of model available in store, the presence of each brand is shown above. The y-axis
shows the brand s line in store and the x-axis shows the No. of model in store. Above graph
has been divided in five parts i.e. 21 conventional, 29 conventional, 21 flat, 29 flat &
others.
21 conventional Videocon is the leading by Average 3 model / store presence followed by
the LG & OTHERS.29
conventional
Very few models are available in this segment by
Videocon group companies. 21 flat
market leader is 21 flat dominating all others so as all
companies are targeting the same by making available large no of models. Samsung is
leading with 5 models, followed by 4 models each of Phillips, Onida, Samsung, and LG. 29
flat
Samsung is ahead with 3 models, followed by Haier, Sansui & LG with 2 models.
Others very rare models are available & consistency is not found.
V.I.M.
Page 48 of 80
Buying Aspects
21
33
17
82
14
5
05
101520253035
PR
ICE
FE
AT
UR
E
BR
AN
DN
AM
E
OF
FE
RS
CH
EM
E
PR
OD
UC
TQ
UA
LIT
Y
WA
RE
NT
Y
AF
TE
RS
ALE
S
The above graph shows the buying behavior of customer accordingly. The y-axis shows the
% of customers buying aspect and the x-axis shows the factor of rating. The above graph
clearly shows the market trend is toward the combination of features & price followed by the
brand name. Thus the brands have to expand technology and minimize cost to lead the
market. The graph shows that the customer buying aspect is less toward the offer scheme,
after sales, product quality. Thus we can say that the most of the brand are now more or less
equal on t he ground of these factor so as the customer are not in the mind of the looking at
these factors
V.I.M.
Page 49 of 80
Flat CTV Market Share
LG 33%
ONIDA 11%
SANSUI 7%
PHILIPS 7%
VIDEOCON 7%
AKAI 2%
Other7%
SAMSUNG 26%
The above pie chart reflects the market situation for the Flat CTV category. With one third
market capture, LG is leading much ahead followed by the Samsung with 26%. Onida stands
third in the market with 11% share. Videocon is sharing 4th place wit Sansui, Philips with 7%
share. Akai is not the good market share of just 2%. The others include in others category are
Sony, Hyundai, TCL, Sharp and Haier. The gap between the LG and the Samsung is
competitive where as the Onida, Sansui, Akai, Videocon has to give the tough fight.
To gain the leadership possession.
V.I.M.
Page 50 of 80
Conventional CTV Market Share
LG 29%
VIDEOCON 14%SANSUI
10%
PHILIPS 8%
SAMSUNG 7%
AKAI 5%
Other15%
ONIDA 12%
The above pie chart reflects the market situation for the Conventional CTV category. With
29% market is captured by LG, followed by the Videocon with 14%. Onida stands third in
the market
with 12% share. Sansui, Philips, Samsung, Akai, are the brand followed latter with 10%, 8%,
7%, and 5% respectively. Others in this category include IGO, TCL, BPL, Sharp, and Haier.
The flat CTV technology has made the conventional market bit declining in over all market
shares. The gap between the Lg & Videocon is too to fill in short time. The leader still
remains the Videocon group (Videocon + Sansui + Akai) equal to the LG.
V.I.M.
Page 51 of 80
V.I.M.
Page 52 of 80
Market Availability of Product
05
10152025
3035
LG
WH
IRLP
OO
L
GO
DR
EJ
SA
MS
UN
G
VID
EO
CO
N
OT
HE
R
ELE
CT
RO
LUX
BRAND
% S
CO
RE
DC REF FF REF
REFRIGERATOR
Above graph is for the Market Availability of the Product (in percentage).out of the total no
of model available in store, the percent share of each brand is shown above. The x-axis shows
the Brand s line in store and the y-axis shows the Percent Share of Brand (In Percentage).
Above graph has two parts i.e. Direct Cool (DC) & Frost Free (FF) models available in store.
Top leading brand in Direct Cool (DC) is L.G with 25% of share followed by the Samsung &
Whirlpool with 17% & 15% share respectively.
In Frost Free (FF) segment L.G is dominating others by leading the chart by 28% availability.
Samsung & Whirlpool are making strong presence in second row by having 24% & 18%
respectively shared. Videocon has been left much behind in the Frost Free (FF) segment.
V.I.M.
Page 53 of 80
Average No. of Model Available in Market 6
5
34
23
1
43
54
12
001234567
LG
WH
IRL
PO
OL
GO
DR
EJ
SA
MS
UN
G
VID
EO
CO
N
OT
HE
R
EL
EC
TR
OL
UX
Brands
No
of M
odel
A
vaila
ble
in S
tore
DC REF FF REF
Above graph is for the Average No. of Model Available in Market for each brand. Out of the
total No of Model Available in Store, the presence of each brand is shown above. The x-axis
shows the brand s line in store and the y-axis shows the No. of model in store. Above graph
has been divided in two parts i.e. Direct Cool (DC) & Frost Free (FF)
Direct Cool (DC)
LG is the leading by Average 6 model / store presence followed by the
Whirlpool & Samsung with 5 & 4 models respectively.
Frost Free (FF) Goderej is the leader in the frost free segment with 5 models/ store followed
by Samsung & LG are sharing the second row by 4 models / store.
V.I.M.
Page 54 of 80
Customer Buying Aspects
0
5
10
15
20
25
30
PR
ICE
FE
AT
UR
E
BR
AN
DN
AM
E
OF
FE
RS
CH
EM
E
PR
OD
UC
TQ
UA
LIT
Y
WA
RE
NT
Y
AF
TE
RS
ALE
S
% O
f C
usto
mer
s B
uyin
g A
spec
t
The y-axis shows the % Of Customers Buying Aspect and the x-axis shows the Factor of
Rating. The above graph clearly shows the market trend is toward the combination of features
& price followed by the brand name. Thus the brands have to expand technology and
minimize cost to lead the market. The graph shows that the customer buying aspect is less
toward the offer scheme, after sales, product quality. Thus we can say that the most of the
brand are now more or less equal on t he ground of these factor so as the customer are not in
the mind of the looking at these factors
V.I.M.
Page 55 of 80
Direct Cool (DC)Market Share LG
29%
WHIRLPOOL25%
SAMSUNG14%
VIDEOCON 8%
OTHER5%
GODREJ 14%
ELECTROLUX 5%
The above pie chart reflects the market situation for the Direct Cool (DC) category. With
29% market share LG is leading much ahead followed by the whirlpool with 25%. Goderej &
Samsung stands third in the market with 14% share. Videocon is sharing 4th place with 8%
share. The direct cool market has the two big players as LG & Whirlpool. Sharing approx
50% Market Share of DC. Samsung & Goderej have the equal market share of 14%.
Videocon brand group is left far behind in this.
V.I.M.
Page 56 of 80
Frost Free (FF)Market Share
WHIRLPOOL 21%
SAMSUNG21%
VIDEOCON4%
LG34%
GODREJ10%
OTHER5%
ELECTROLUx5%
The above pie chart reflects the market situation for the Frost Free (FF) category. With 34%
market share LG is leading much ahead followed by the whirlpool & Samsung with 21%.
Goderej stands third in the market with 10% share. Videocon is sharing with 4% share. The
LG and Whirlpool capture 50% of market in the approx ratio of 3:2. Whirlpool and the
Samsung are also equal in term of the market share. Thus the major part is captured by the
LG, Whirlpool, and Samsung. Remaining one fourth markets is left for others. In that area
godrej, Videocon, Electrolux are the player with other as Haier, BPL, Voltas.
V.I.M.
Page 57 of 80
Market Avalibility of WM in Market
2419 18 17
9 85
0
2217
13 15
8 74
14
0
5
10
15
20
25
30
LG
WH
IRLP
OO
L
VID
EO
CO
N
SA
MS
UN
G
ELE
CT
RO
LUX
OT
HE
R
ON
IDA
IFB
BRANDS
Sha
re o
f Bra
nd
(In
Per
cent
age)
.
Semi-Automatic Fully Automatic
Washing Machine
Above graph is for the Market Availability of the Product (In Percentage).out of the total no of
model available in store, the percent share of each brand is shown above. The x-axis shows the
brand s line in store and the y-axis shows the percent share of brand (in percentage). Above graph
has two parts i.e. Semi-Automatic (SA) & Fully Automatic (FA) models available in store.
Top leading brand in Semi-Automatic (SA) is L.G with 24% of share followed by the Whirlpool
Videocon & Samsung with 19%, 18% & 17% share respectively.
In Fully Automatic (FA) segment L.G is dominating others & the leading the chart by 22% availability. Whirlpool & Samsung are making strong presence in second row by having 17% & 15% respectively. Videocon has been behind in Fully Automatic (FA) to 4th place by 13% share.
V.I.M.
Page 58 of 80
Average No. of Washing Machine at Store
2
3
2
1
2 2
0 0
1
2
1 1
0
1 1 1
0
1
2
3
4
LG
WH
IRLP
OO
L
VID
EO
CO
N
SA
MS
UN
G
ELE
CT
RO
LUX
OT
HE
R
ON
IDA
IFB
Brand s
No.
of m
odel
in s
tore
Semi-Automatic Fully Automatic
Above graph is for the average No. of model available in market for each brand. Out of the total
no of model available in store, the presence of each brand is shown above. The x-axis shows the
Brand s line in store and the y-axis shows the No. of model in store. Above graph has been
divided in two parts i.e. Semi-Automatic (SA) & Fully Automatic (FA)
Semi-Automatic (SA)
whirlpool is the leading by Average 3 model / store presence followed
by the LG, Videocon & Electrolux with 2 models / store each.
Fully Automatic (FA)
whirlpool is the leading by Average 2 model / store presence followed
by the LG, Videocon & Samsung with 1models / store each.
V.I.M.
Page 59 of 80
BUYING ASPECT
15
24
18
107
10
15
0
5
10
15
20
25
30
PR
ICE
FE
AT
UR
E
BR
AN
DN
AM
E
OF
FE
RS
CH
EM
E
PR
OD
UC
TQ
UA
LIT
Y
WA
RE
NT
Y
AF
TE
RS
ALE
S
BRANDs
% S
CO
RE
The y-axis shows the % of customers buying aspect and the x-axis shows the factor of rating.
The above graph clearly shows the market trend is toward the combination of features, price
& brand name followed by the price & after sales. Thus the brands have to expand
technology and advertisement to lead the market. The graph shows that the customer buying
aspect is less toward the offer scheme, after sales, product quality. Thus we can say that the
most of the brand are now more or less equal on t he ground of these factor so as the
customer are not in the mind of the looking at these factors.
V.I.M.
Page 60 of 80
Semi-Automatic (SA)Market Share
OTHER9%
ELECTROLUX 3%
WHIRLPOOL15%
VIDEOCON18% SAMSUNG
21%
LG 34%
The above pie chart reflects the market situation for the Semi-Automatic (SA) category.
With 34% market share LG is leading much ahead followed by the Samsung with 21%,
Videocon & whirlpool stands in a row with the market share of 18% & 15%. Others include
the kenstar, Onida, etc. approx 50% of the market is captured by the LG &Samsung in 3:2
ratios. The Videocon is the close to the market share of the Samsung. Whirlpool is on of the
emerging brand and maintaining the good market share.
V.I.M.
Page 61 of 80
Fully-Automatic (FA) Market Share
WHIRLPOOL 16%
OTHER9%
SAMSUNG17%
LG31%
ELECTROLUX6%
VIDEOCON7%
IFB14%
The above pie chart reflects the market situation for the Fully-Automatic (FA) category. With
31% market share LG is leading much ahead followed by the Samsung with 17%, whirlpool
& IFB stands in a row with the market share of 16% & 14%. Videocon share is of 7%,
market share. The Electrolux and others category compress the remaining part. The IFB,
Whirlpool, Samsung are the more or less having the same market share. LG and Samsung
share 50 % market in approx ratio of 3:2.
V.I.M.
Page 62 of 80
V.I.M.
Page 63 of 80
Conclusion
CTV
o Shift from CTV (Conventional) to CTV (Flat) is the major contributor for TV demand
o Superior technologies and exchange offers reducing average holding period of CTV,
thus increasing repeat demand
o Consumers moving towards flatter displays
o Increasing preference for larger screens
o 21 flat CTV is the most demanded range followed by the 29 flat.
o Increasing preference for LCD / Plasmas, but still the growth space for Flat TV is
high.
o The market trend is toward the combination of features & price.
WASHING MACHINE
o First time purchase is the major contributor for Washing Machine.
o However, repeat buyers upgrading to FA emerging as a sizeable segment.
o FA segment is fast growing. However, SA & FA have similar value share.
o Higher capacities ruling the branch in SA segment with 6kg and above segment
contributing to 90%+.
o SA is ahead of FA in terms of Demand, Market Availability & Sales.
o The market trend is toward the combination of features & price followed by brand
name
REFRIGERATOR
o First time purchase still the major contributor for Refrigerator
o Average holding period of refrigerators not reducing as dramatically as CTV
o 170 180 L segment still contributes more than half the market for refrigerators
o However, FF refrigerators making fast inroads into consumer mind-space
o The market trend is toward the combination of features & price.
o Customer buying aspect is less toward the offer scheme, after sales.
o Availability of Frost Free (FF) Refrigerator is more than the Direct Cool (DC).
o Demand & sale of Frost Free (FF) Refrigerator is increasing.
V.I.M.
Page 64 of 80
Findings
Dealer Influenced market
o Dealer recommendation crucial
o Price/ margins may play a major role
Prime Brand market - Strong end-customer pull, Forces dealer to stock and sell brands
independent of his own preferences
The brand whose relation in the market with the dealers are not sound or the dealers
satisfaction is not with the brand, the brand suffers in terms of dealers
recommendation to customers and market availability i.e. shelf space in the
showroom.
No exclusive showroom in market for Videocon brand to display complete range of
product. Thus the range of Videocon product is not available to see, choose &
purchase.
Lack of dealer in the central market place of the city. I.e. the Videocon brand is not
available in the central market of the city e.g. In Aurangabad city the Videocon range
is not available in the complete central market i.e. (Tilak Path
Shahagange
Nirala
Bazaar - Cannought) having only presence in the next shop on the highway.
Presence of brand in the reputed store of market such as Plug In shops, Maharashtra
Electricals, Dass Electricals - Pune, Watchland, Nariman
Aurangabad is negligible.
Gives the wrong message in to the customers.
Quality and technology should be improved to bring customer satisfaction .
quoted by most of the dealers.
90% of the customer change there brand on dealer recommendation and advice
quoted by the most of respondents (shop owners and the sales staff).
Shelf space or the space in the showroom to Videocon brand is not available.
There is ample space for the growth of the Videocon brand.
V.I.M.
Page 65 of 80
V.I.M.
Page 66 of 80
Limitation
Market area of survey is of two different sales areas.
The combination of city is also of urban and semi urban are giving mixed opinion.
A time constraint in term of market survey was also there.
The various Respondent terminating their participation in providing data in some question.
V.I.M.
Page 67 of 80
V.I.M.
Page 68 of 80
Recommendations
Distribution channel should be improved so as the flow of the goods in market will be
good i.e. the demand for the goods will be created by the availability of the products.
Dealer should be appointed & sound relation should be maintained with dealers.
Continuous scheme and offers should be launched to dealers.
The sales person in the shops must go under training program. This will update the
knowledge of the sales team at the store with respect to technology, brand & pricing.
The training must held at least every quarter of year by the company professionals.
The brand must arrange a complete product line at a store, so as to pull attention of
the customer.
The Advertising and sales promotion should be made at store. i.e. the walk in
customer will have the up date to the scheme, offers, technology, pricing & Brand
knowledge.
Specialty showroom for Videocon product should be made available as of Sony,
Samsung, LG, Goderej, and Philips etc. this not only brings the range of the product
at the market but also give a personal touch in term of
o Advice and the product specification knowledge in terms of usages of
customer and requirement by the company trained sales staff.
o Assurance of quality, price & after sales service.
o Technical knowledge and guidance to the customer.
Price of the product should be updated with the market changes.
Participation in expo, exhibition, and fun fare should be boosted to reach to the
customers directly and launch scheme and offer to the customer.
Test new campaigns, schemes, POPS and displays for desired response
Feedback on new models from intending customers before full scale launch
Conduct field trials of all new models
V.I.M.
Page 69 of 80
V.I.M.
Page 70 of 80
Bibliography
Research Methodology, Methods and techniques
C R Kothari
Market Research (G. C. Berry)
Marketing management (Philip kotler)
Videocon manuals
Videocon Website
www.videoconworld.com
www.videoconindustries.com
Competitors Website:
www.lge.com
www.sonyindia.com
www.onida.com
www.godrej.com
www.haier.com
www.samsung.com
www.whirlpool.com
www.akai.com
www.electrolux.com
www.ifbappliances.com
www.philipsindia.com
V.I.M.
Page 71 of 80
V.I.M.
Page 72 of 80
Questionnaire
SHOW ROOM NAME : __________________________________________ ADDRESS : __________________________________________
__________________________________________ ____________________________PH: ___________
BRIEF NOTE ON SHOW ROOM / SHOP : ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
REFREGERATOR
NO.OF BRANDS & NO.OF MODELS
BRAND DIRECT COOL FORST FREE BRAND DIRECT COOL FORST FREE
Videocon Electrolux
Samsung Godrej
Whirlpool Siemens
LG IFB
Onida Haier
CUSTOMER BUYING ASPECTS
Aspect Very Important Important Less Important
Not Important
Price
Features
Brand Name
Offer / Schemes
Product Quality
Warranty
After-Sales
V.I.M.
Page 73 of 80
DIRECT COOL:
MOST SELLING PRODUCT
1) __________________________
1 2 3
MODEL
NO:
MRP:
MOP:
USP:
2) __________________________
1 2 3
MODEL NO:
MRP:
MOP:
USP:
FROST FREE:
MOST SELLING PRODUCT
1) __________________________
1 2 3
MODEL NO:
MRP:
MOP:
USP:
2) __________________________
1 2 3
MODEL NO:
MRP:
MOP:
USP:
SCHEME & OFFER: ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
V.I.M.
Page 74 of 80
WASHING MACHINE
NO OF BRANDS & NO OF MODELS AVILABLE AT STORE
BRAND SEM -AUTOMATIC
FULLY -
AUTOMATIC BRAND SEM -
AUTOMATIC
FULLY -
AUTOMATIC Videocon Electrolux Samsung Godrej Whirlpool Siemens
LG IFB Onida Haier
CUSTOMER BUYING ASPECTS
Aspect Very Important Important Less Important Not Important
Price
Features
Brand Name
Offer / Schemes
Product Quality
Warranty
After-Sales
SEMI - AUTOMATIC:
MOST SELLING PRODUCT
1) __________________________
1 2 3
MODEL NO:
MRP:
MOP:
USP:
2) __________________________
1 2 3
MODEL NO:
MRP:
MOP:
USP:
V.I.M.
Page 75 of 80
FULLY - AUTOMATIC:
MOST SELLING PRODUCT
1) __________________________
1 2
MODEL
NO:
MRP:
MOP:
USP:
2) __________________________
1 2
MODEL NO:
MRP:
MOP:
USP:
SCHEME & OFFER: ____________________________________________________________________________________
TELEVISION
NO OF BRANDS & NO OF MODELS AVILABLE AT STORE
BRAND Philips
Samsung
Onida
Hyundai
LG Videocon
Sony
Sansui
TCL
Akai
Haier14 C
21 C
29 C
21 F
29 F
OTHER
CUSTOMER BUYING ASPECTS
Aspect Very Important Important Less Important
Not Important
Price
Features
Brand Name
Offer / Schemes
Product Quality
Warranty
After-Sales
V.I.M.
Page 76 of 80
CONVENTIONAL CTV:
MOST SELLING PRODUCT
1) __________________________
1 2 3
MODEL
NO:
MRP:
MOP:
USP:
2) __________________________
1 2 3
MODEL NO:
MRP:
MOP:
USP:
FLAT CTV:
MOST SELLING PRODUCT 1) __________________________
1 2 3
MODEL NO:
MRP:
MOP:
USP:
2) __________________________
1 2 3
MODEL NO:
MRP:
MOP:
USP:
V.I.M.
Page 77 of 80
The visited Showrooms Photos Shows the Display Arrangement and the Product Presence in the Market
Place.
V.I.M.
Page 78 of 80
V.I.M.
Page 79 of 80
V.I.M.
Page 80 of 80
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