Professional Documents
Culture Documents
I extend my sincere thanks to all those people who have helped me in the successful
execution of this project with their valuable suggestions.
I am deeply indebted to all those people whose work I have referred to this project. I
must owe a deep sense of gratitude towards my teachers for their kindness and encouragement
in various stages of the project.
This moment of the thesis is one of the prides that I opportunity in this stand of my
career to express my sincere efforts within this limited time. Finally I would like to pay regards
to my family without whose inspiration and monetary aid this project was impossible.
1
PREFACE
This project report pertains to the making of a project SUMMER TRAINING of
M.B.A. curriculum.
The P!P"#$ of this project is to make the students have thorough knowledge of the
topics given to them. I learned a lot from the hard work I put in to collect information regarding
the same% which would be of great use in my near future as a professional.
&ustification cannot be done to whatever I have learn t within a few pages but I have still
tried my best to cover as much as possible about Consumer Perception Towards Agriculture
Tractors (60 HP Class): A Comparative Study o !SC"#T $ !SC"#T wit% ot%ers& in this
report.
Bein !"u#en"! of M$!"er in Bu!ine!! A#mini!"r$"ion% &e nee# "o 'e $&$re of "(e
or$ni)$"ion in"ern$l en*ironmen". Summer "r$inin (el+! u! "o un#er!"$n# "(e!e
conce+"! rel$"e# "o "(e or$ni)$"ion.
'
INDE,
#r no. Particulars Page (o.
T-E E,ECUTI.E SUMMAR/
1 C-APTER 01
I(T!")*TI"(
' C-APTER 21
T!+*T"! I()#T!, "F I()I+
- C-APTER 31
*".P+(, P!"FI/$
"!I0I( "F T1$ *".P+(,
I()I+( I()#T!I+/ $(2I!"(.$(T
3#I($## "F $#*"!T 0!"P
4 C-APTER 41
*".P+!I#"(
5 C-APTER 51
"3&$*T# "F P!"&$*T
5 C-APTER 61
!$#$+!*1 .$T1")"/"0,
6 C-APTER 71
I(T$!P!$T+TI"( +() +(+/,#I#
7 C-APTER 81
P!")*T /IF$ *,*/$ "F $#*"!T T!+*T"!
#$0.$(T+TI"( 8 T+!0$TI(0
-
9 CHAPTER 9:
FINDINGS
SUGGESTIONS
SUMMARISATION
CONCLUSION
SWOT ANALYSIS
LIMITATIONS
BIBLIOGRAPHY
QUESTIONNAIRE
4
T-E E,ECUTI.E SUMMAR/
PRO9ECT UNDERTAKEN B/ ME
The project studied by me in In#i$n Tr$c"or Com+$n:% Nellore was Consumer
Perception towards Agriculture Tractors (60 HP Class): A Comparative Study o !SC"#T
$ !SC"#T and !scort; It helps to make aware company regarding the various aspects of
brand preference performed at regular basis to cement.
-OW IT WAS UNDERTAKEN
+ survey was conducted by me among the consumers of tractors in (ellore. )uring the
survey I tried my best that more and more 9uestionnaire to be filled from the consumers so that
to conclude the results gracefully.
I was also appreciated by the support of the project guide and .anaging )irector of
'ndian Tractor Company( )ellore% who guided me the basic fundamentals of Tractor marketing
performed by the company.
:
SWOT ANAL/SIS
STRENGT-1
"ver the years the company has emerged as one of the top players in the world in terms of
number of tractors sold. This gives a clear indication that the company;s market share is one
of its biggest strengths.
The company;s ability to introduce new products in the market and to generate sales from
those new products is a major strength. The reason being that this is very essential for any
company% for its survival in the long run.
The company has established its brand name in other countries of the world as well.
WEAKNESS1
Tough *ompetition
$xpensive
OPPORTUNITIES1
3y introducing the benefits and importance of the tractor to every group% companies can
evolve more.
T-REATS1
The company has a history of having invested in unrelated diversifications such as telecom%
holiday and resort inns% financial services% etc. which it has hived off as subsidiaries from
time to time when these turned unmanageable. This is a cause for concern as such
diversifications could divert the company;s attention from its core business. It is a dangerous
tendency as it leads to destruction of shareholders value.
<ith effect of the competition the market may not get shrunk.
5
LIMITATIONS
(othing is perfect in this mandate world and this study is no exception. 0iven below are
the limitations of the study so that the findings of the study may be understood in their right
perspective.
1. The result of this research cannot be termed as making a fair representation of the
perception of the population.
'. #tudy was confined to the city of (ellore.
-. #ample si=e taken was 1>> respondents% the result might have varied had there been a
larger sample si=e.
4. It is very much possible that some of the respondents may have given the incorrect
information.
:. The last but the most important point to that survey was carried through ?uestionnaire
and the ?uestions were based on perception. .ost important is positioning. 3ut there
may be certain aspects not taken into consideration.
6
C-APTER 01 INTRODUCTION
India is poised to become a major +uto hub in the near future. Indian tractor industry is
changing rapidly% so is the mindset of Indian *onsumers. <e% at the 0reat /akes Institute of
.anagement% took an initiative to find out that whether the changing ground realities have also
changed the India +uto *onsumer@s mindset visAaAvis their perception of the abilities of various
Indian and foreign +uto manufacture to deliver the much sought after attributes in a tractors
<ith the latest numbers showing .#. vehicle sales slumping to a 1:Ayear low%
automakers are wondering where their next buyer is coming from. *learly% winning new
customers was re9uired them to develop more reliable% exciting% and fuelAefficient vehicles% a
task that could take years. 3ut a recent survey suggests that automakers have opportunities to
improve their business performance in the short term by focusing more on the customers they
already have. $specially in these tough times for the industry% one of the most powerful
techni9ues for converting buyers into dieAhard fans is providing exceptional afterAsales service.
3ain 8 *o. surveyed more than 1%7>> customers who had purchased all the automotive
brands sold in the .#.% to better understand their ownership and sales experience and to assess
their brand loyalty. <e asked owners to rate% on a scale of =ero to 1>% how likely they were to
recommend their vehicle to a friend or colleague. 3y subtracting the percentage of BdetractorsB
who gave scores between =ero and 5% from the percentage of BpromotersB who gave a score of C
or 1>% we can calculate a B(et Promoter #coreB D(P#E. (P# is already used in do=ens of
industries to determine how deep loyalty to a particular company runs among its customers% and
how it stacks up against its competitors when it comes to customer loyalty.
The (P# survey for automakers revealed two important findings. First% promoters are
nearly 1> times more likely than detractors to repurchase or lease a vehicle of the same make or
brand as their current one. #econd% promoters are far more likely to recommend their vehicle
brand to a friend. $ach promoter provides nearly five purchase referrals% while each detractor
dissuades two prospective buyers
7
1igh among the factors that create promotersFand help sustain their loyaltyFis a strong
afterAsales service experience. The reason is simpleG )ealer service is the key point of contact
with customers at the critical time when most people are weighing their next vehicle purchase.
"wners; brand enthusiasm tends to erode as the vehicle ages and the warranty expires. 3ut it is
precisely at this pointFabout four years after the initial saleFthat the leaders capitali=e on their
loyalty advantage by using maintenance visits as opportunities to reinforce their ties with
promoters and win over detractors.
$xcellent service not only reinforces relationships with customers who already feel loyal
to a brand. It can also defuse ill will that causes disaffected customers to badAmouth the brand.
Indeed% the brand leaders excel especially at turning unplanned repair visitsFthose critical
moments of truth on which a customer relationship can hingeFinto opportunities to strengthen
customer bonds. <hile most carmakers aim to ensure that the service experience does as little
harm as possible% the leaders set out to surprise customers with ease and convenience when they
expect it least and value it most.
The power of nurturing promoters shows up dramatically in data showing how severe the
damage can be when a repair experience doesn;t go well. "verall% the (P# of loyalty leaders
whose vehicles have not needed a repair is a stellar 7:. It falls off to a respectable 66 when the
vehicle needs a mechanic;s attention. 3ut among loyalty laggards% an unscheduled stop in the
shop resulted in scores plummeting 'C points to a dismal 1C. "wners of those vehicles are
angry% and they are going to tell their friends and colleagues about it.
ltimately% the biggest influence on customer loyalty and affinity for the nameplate is the
9uality of the vehicle itself. 3ut a bad afterAsales experience can erode it just as 9uickly. In the
economy they face today% automakers need to rethink how they win and retain every customer
they have.
Tractor owners are in for an enjoyable ride this summer. The cut throat competition in the
auto industry has forced major players to focus on the after sales services% an important part of
owning a tractor. (o wonder% the .otown is full of service offers this summer.
C
SCOPE OF T-E STUD/
1. The study has been done for the tractors so more or less it helps in understanding the
consumer perception towards the tractors market.
'. The study can help in analy=ing certain weak point% improving on which a company can
overcome the low sales of its tractors in (ellore region.
1>
COMPAN/ O.ER.IEW
C-APTER 21 TRACTOR INDUSTR/ OF INDIA
(ow a days % people prefer tractor with good features and of good 9uality.a person who
are going to purchase a tractor wants that tractor should be of well known brand% it should has
good looks% better driving on road and on field % it should be very powerfull and fuel efficient.
#o % tractor industry in these days has many players. These are.
<E!cor"% Po&er"r$c $n# F$rm"r$c=
$scorts /td began local manufacture of For# tractors in1C61 in collaboration with ford%
H and total production climbed steadily to --%>>> in 1C6:reaching 61%>>> by 1C7>. Ford
DFord A (ew 1ollandE was sold in 1CC'. Ford .otor *ompany proper 9uit the tractors business%
but the name was allowed to continue as per agreement until '>>>% when $scorts relabeled its
Ford models under the E!cor" brand. $scort manufactures produces tractors in the '6A6: 1P
range and has already sold over 5 lac tractors. Its tractors are marketed under three brand
names% $scort% Po&er"r$c and F$rm"r$c.
11
-MT Tr$c"or!
1.T is a large public sector unit and began manufacturing +gricultural Tractors in 1C6'
under the 1.T brand name with technology ac9uired from Ietor of the *=ech !epublic. It
manufactures its tractors in Pinjore% .ohali in a large factory that also manufactures machineA
tools% and 1yderabad It has a capacity of '>%>>> tractors per annum. In the .achineAtool
company is a large foundry. It produces tractors in a range from ': 1P to 6: 1P. For a short
time% 1.T exported tractors to the #+ under the Iebra brand% which were marketed by Ietor
distributors and dealers there. The company is controlled by the .inistry of 1eavy industry that
provides% on a monthly basis to the public its financial performance.
9o(n Deere
In '>>>% &ohn )eere set up production in a joint venture with /arsen 8 Toubro /td in
#anaswadi% in a rural area near Pune% .aharashtra. It was known as L&T John Deere Private
Ltd% and manufactured tractors under the L>T ? 9o(n Deere name for sale in India% and under
the 9o(n Deere name for worldwide sales
In '>>:% )eere 8 *ompany ac9uired nearly all the remaining shares in this joint venture.
The new enterprise% is known as John Deere Equipment Private Limited. The factory currently
produces tractors in of -:% 4>% 4'% 46% :>% :: and 6> 1P capacities for domestic markets and for
1'
export to the #+% .exico% Turkey% (orth and #outh +frica% and #outh $ast +sia. Pune factory
started to produce new :: to 6: 1p :>>- series tractors for $uropean market in '>>7.
Son$li@$ <In"ern$"ion$l Tr$c"or! L"#.=
In"ern$"ion$l Tr$c"or! Limi"e# was incorporated on "ctober 16% 1CC: and began
manufacturing tractors designed by *entral .echanical $ngineering !esearch Institute
D*.$!IE. IT/ currently is manufacturing Son$li@$ tractors between -> 1P to C> 1P% and the
CERES brand between 5>1P to C>1P. IT/ went into collaboration with !enault +gricultural of
France in &uly '>>>. !enault +griculture is a subsidiary of the !enault 0roup. !enault
+griculture was bought by */++# of 0ermany in '>>-. Incidentally */++# already has a
strong presence in India market producing its *rop Tiger range of *ombine 1arvesters in a
plant in Faridabad Dnear (ew )elhiE since 1CC'. */+## has opened a new plant in Punjab at
.orinda in '>>5.
TAFE
Tr$c"or! $n# F$rm EAui+men" Limi"e# <TAFE= was established in 1C51 to manufacture
and market .assey Ferguson tractors and related farm e9uipment in India. +0*"% the owner of
.assey Ferguson% now owns '4J of T+F$. Tractors are built and sold in India under both the
1-
TAFE and M$!!e: Feru!on brands% and exported under both brands as well. In '>>:% T+F$
bought the $icher .otors tractor and engine division.
Ne& -oll$n#
(ew 1olland +g;s entry into India was facilitated by FI+T;s ac9uisition of FordA(ew
1olland in 1CC1. 3y 1CC7 (ew 1olland +g. DIndiaE completed the construction of a new plant
in (oida% near (ew )elhi% with a capacity of :>>> tractors in the -: A 6: hp range. In 1CCC%
(ew 1olland +g.;s parent company FI+T bought 6>J of holdings of *ase *orporation and
created *ase (ew 1olland 0lobal D*(1 one of the top three tractorKagriculturalKconstruction
machinery manufacturers in the worldE% the new holding company (ew 1olland +g. DIndiaE. In
'>>>% the capacity of the (oida plant rose to 1'%>>> tractors per year and in '>>6 the company
manufactured '4%>>> tractors for the domestic and export markets.(ew 1olland India exports
fullyAbuilt tractors to :1 countries in +frica% +ustralia% #outhA$ast +sia% <est +sia% (orth
+merica and /atin +merica.The India plant of (ew 1olland was originally built in 1CC7 to
cater only to India domestic market. 1owever due to slow down of economy by year '>>1A'>>'
and slump in domestic demand% it became a challenge to utili=e the installed capacity of the
factory.1ence the company started looking its market beyond India borders. Its then *$" .ario
0asparri guided the vision and handed over the task of overseas business to its dynamic
manager 3hanu #harma. The efforts paid off well. 3hanu #harma in capacity of 1eadA
International 3usiness "perations% took op the export volumes from the level of almost nil in
'>>- to 7>>> units in year '>>6. The export business last year in '>>6 contributed over :>J of
14
the company business of total #) ':> millions.This also made (ew 1olland the second
largest tractor exporter from India after &ohn )eer. In year '>>6% India exported around -'%>>>
tractors of which ':J share was of (ew 1olland
B$c@roun#
In 1C5>% our parent company% $scorts% set up the strategic +gri .achinery 0roup D+.0E to
venture into tractors.
In 1C5:% we rolled out our first batch of tractors under the brand name of $scort.
In 1C5C a separate company% $scorts Tractors /td.% was established with e9uity participation
of Ford .otor *o.% 3asildon% H for the manufacture of Ford agricultural tractors in India.
In the year 1CC5 $scorts Tractors /td. formally merged with the parent company% $scorts /td.
#ince inception% we have manufactured over 1 million tractors.
Tec(noloie!
$scorts +.0 has three recogni=ed and wellAaccepted tractor brands% which are on distinct
and separate technology platforms.
FarmtracG <orld *lass Premium tractors% with single reduction and epicyclic reduction
transmissions from -4 to 6: 1P.
PowertracG tility and 2alueAforAmoney tractors% offering straightAaxle and hubAreduction
tractors from -4 to :: 1P. India;s (o.1 economy range A engineered to give spectacular diesel
economy.
$scortG $conomy tractors having hubAreduction transmission and twinAcylinder engines from
'6 to -: 1P. Pioneering brand of tractors introduced by $scorts with unbeatable advantages.
1:
Func"ion$l EBcellence
M$nuf$c"urin Cu$li": A!!ur$nce
M$"eri$l!
M$n$emen"
S$le! > M$r@e"in
Kno&le#e
M$n$emen"
Fin$nce -um$n Re!ource!
Inform$"ion
Tec(nolo:
Tr$inin
EIFM
!ecently we have been informed by certain members of the public that they have received
appointment letters and calls for job interview in our *ompany through eAmailsKletters wherein
they are inter alia demanding cash deposit either through certain banks or otherwise before
interviews or issuance of appointment letter. These recruitment agenciesKindividuals are not
only wrongfully using our registered trademark but also names of our officials to illegally trap
innocent members of the public. Please note that such communications are intended to cheat
and play fraud on the public."ur *ompany completely disassociates itself from such fraudulent
practices of recruitment and does not authorise anybody to demand payment on its behalf to be
made by any candidate to our *ompany or to anyone in the process of recruitment. <e re9uest
the general public to not be misled by communicationsKeAmails as mentioned herein purportedly
made by our *ompany. "ur *ompany is also in the process of initiating both civil and criminal
proceedings against such unknown persons and agencies. <e hereby solicit the support of the
general public in case they come across such a wrongdoing relating to recruitment purportedly
being so offered by our *ompany which can be mailed at escortshrdLescorts.co.in.
15
ESCORTS LAUNC-ES INDIADS FIRST E,ECUTI.E TRACTOR
SECOND CONSECUTI.E GREENTEC- GOLD EN.IRONMENT AWARD FOR
ESCORTS
ESCORTS GOES FOR T-E POWER TRIP
Ari M$c(iner:
$scorts has played a pivotal role in the agricultural growth of India for over six decades. 1aving
pioneered farm mechani=ation in the country% we have been developing solutions to enhance
agricultural productivity and improve 9uality of life in rural India. Taking a step forward% the
16
company launched the ;&ai Hisan; initiative% a unifying platform to empower the Indian farmer
and to make him selfAreliant.
The fact that the farm mechani=ation is the key vector for enhancement of farm productivity and
in many respects the catalyst for the next wave of farm mechani=ation has brought about two
large customer centric initiatives to the fore at $scorts M (ew Products and variants that are
aligned with changing and emerging applications 8 end usages and the shift of $scorts from
being a standalone tractor manufacturer to being a complete ;Farm #olution; provider.
$scorts is laying greater emphasis on improvement% innovation and effective execution of its
offerings. <e are constantly evolving and creating new products to suit market demands. <e are
closely monitoring the 9uality of our products and reAgearing our strategies which are both
customer and market focused. The launch of tractors fitted with 4 A *ylinder engines that are
around 1:J more fuel efficient than most other tractors in the market% or the entry segment
tractor DPowertrac 4'CE to cater to the aspirations of small farmers and first time buyers% or the
;NT!+ Tor9ue; series of tractors that are meant specially for the emerging trends of using
;rotary; implements% or India;s firstAever I(2$!T$! T!+*T"! M have been all case in points
where the farmers; ;cost of ownership;% his overall operating economics and his need for
enhancing productivity have been supreme considerations for $scorts.
!ecogni=ing the various and hu1>>cc y differentiated needs of today;s Indian farmer% $scorts
has further unveiled its new ;&ai Hisan #eries; of tractors. The ;$scorts &ai Hisan #eries; focuses
on maximi=ing farmer productivity by providing differentiated products that are well suited to
agricultural% haulage% infrastructure as well as speciali=ed applications. The new ;$scorts &ai
Hisan #eries; is a path breaking initiative that recogni=es the market order for new 8 varied
needs of the Indian farmer% changing tractor usage for speciali=ed applications and usage of
modern and heavyAduty implements 8 attachments% thereby offering wider options for
agricultural% infrastructure as well as speciali=ed applications for land development activities.
17
T(e 9$i Ki!$n Serie! come! in fi*e ne& c$"eorie! E
2alue.axx /oad.axx
+g.axx Infra.axx
#uper.axx
<hile the 2+/$.+NN is the variant for basic agricultural purposes% the /"+).+NN and
+0.+NN variants speciali=e in haulageAbased applications and speciali=ed +griAapplications
respectively. The #P$!.+NN series is ideal for all types of agriculture and nonAfarming
purposes besides offering addAon applications for dual needs whereas% the I(F!+.NN variant
would speciali=e in infrastructureAbased applications. The ;&ai Hisan #eries is currently available
in the F+!.T!+* line of $scorts tractors.
Pro#uc" Po"folio
T!+*T"!# *!"P #"/TI"(# /3!I*+(T#$(0I($ 8 0$(#$T#
F+!.T!
+*
P"<$!T
!+*
$#*"!T
+griculture
applications
(onAagricuture
applications
#uraksh
a
$scorts B0B #eries
$ngines
$scorts 0ensets
Tec(noloie!
$scorts +gri .achinery has three recogni=ed and wellAaccepted tractor brands% which
are on distinct and separate technology platforms.
FarmtracG <orld *lass Premium tractors% with single reduction and epicyclic reduction
transmissions from -4 to 6: 1P.
PowertracG tility and 2alueAforAmoney tractors% offering straightAaxle and hubA
reduction tractors from -4 to :: 1P. India;s (o.1 economy range M engineered to give
spectacular diesel economy.
$scortG $conomy tractors having hubAreduction transmission and twinAcylinder engines
from '6 to -: 1P. Pioneering brand of tractors introduced by $scorts with unbeatable
advantages.
1C
Fuc"ion$l EBcellence
.anufacturing
?uality +ssurance
.aterials .anagement
#ales 8 .arketing
Finance
1uman !esources
Information Technology
Hnowledge .anagement
In"ern$"ion$l Su'!i#i$rie!
$scorts +.0 has one international subsidiary.
Farmtrac Tractors $urope #p.= o.o.in Poland.
<e now cater to 41 countries.
3eyond manufacture% $scorts has made substantial investments towards the modernisation of
farm technology. The $scorts Training 8 )evelopment *entre D$T)*E at 3angalore is a uni9ue
center where training is imparted in operation% maintenance and repair of farm machinery. It is
among the few institutions of its kind in the world. Its programs are aimed at encouraging
customers% dealers% engineers% mechanics as well as the field staff of $scorts% towards meeting
its objective of enhancing agricultural productivity and improving 9uality of life in rural India.
'>