Branding's Impact on Tata Car Buyers
Branding's Impact on Tata Car Buyers
ON
BACHELOR OF COMMERCE
(Affiliated to University of Lucknow, Lucknow)
COLLEGE OF INNOVATIVE
MANAGEMENT & SCIENCE, LUCKNOW
(Session- 2023-24)
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DECLARATION
I hereby affirm that this MINOR PROJECT represents my own written work
and that I have used no sources and aids other than those indicated. All
passages quoted from publications or paraphrased from these sources are
properly cited and attributed.
Naina Mehrotra
Date BCOM 6th SEM
Signature
ACKNOWLEDGEMENT
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I would like to express my sincere and deep sense of gratitude to my Project
guide PROF. YASHASVI BHARGAVA for his valuable guidance, suggestions
and constant encouragement paved way for the successful completion of
my project work.
Naina Mehrotra
BCOM 6TH SEM
ROLL NO. 2111732010089
PREFACE
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Customers all over the world now prefer branded products. This study is
aimed at analyzing the effect of brand on consumer buying behavior. Along
with finding the effect of brand on consumer buying behavior the purpose
of the study is to have an in depth knowledge of what actually is branding
and consumer behavior. To study the relationship between brand and
consumer behavior the following methodology is opted: Consumer Survey
on the effect of brands on their buying behavior through questionnaire. The
key results of the study are: The degree brand of consciousness goes on
decreasing in higher age groups; price & brand were the major attributes
that customer's gave most importance and 80% people believe that Brands
in fashion industry have become a status symbol.
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TABLE OF CONTENT
Page No.
1. INTRODUCTION 6-12
4. OBJECTIVES 31-32
7. LIMITATIONS 62
8. FINDINGS 63-64
9. SUGGESTIONS 65
11. BIBLIOGRAPHY 68
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INTRODUCTION
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with the factors that affect the consumer buying behavior and to
understand the concept and the different behaviors of the consumers, a
study has also been done with the help of an online survey. The population
of the study was around 40 people across India and the method of selection
was purposive as well as convenience sampling. Also the findings showed
that focusing on brand features, the most important element in building a
successful brand in the was the QUALITY of the products that brand offers.
In collecting data about the phenomena, open and close ended
questionnaires were used to collect data from the respondent. Branding is
acknowledged to be one of the most fascinating marketing strategies used
for the purpose of winning or overcoming competition. In today new
marketing world, the time is flying and numerous changes are taking place
in the marketing strategies that are being adopted by the companies which
leeks in to sustain various competitive advantages. A company will have a
fast growth only if it has all the correct information regarding the
consumers buying behavior and their habits. Companies are now gradually
shifting their focus from a product or market line to the customers and
their marketing activities and now they are paying much more attention on
the reaction that consumers display in regards to the 7P’s that are- Product,
Price, Promotion, Physical layout, Process and People. The impact of
increased non-branded information on consumer choice. Both the eye
tracking and recognition data provided some tentative evidence that
increasing the size of nutritional labels displayed on packaging may
influence consumer behavior, by increasing attention to but reducing
recognition of certain brands. However, the observed effects were not
statistically reliable, indicating that the impact of nutritional information
may not be significant
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BRANDING AND BRAND MANAGEMENT
“A brand is a name, term, sign, symbol or design or combination of them,
intended to identify the goods and service of one seller or group of sellers
and to differentiate them from those of competition”.
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area of marketing, which uses special techniques in order to increase the
perceived value of a brand.
71% of the respondents agree to the fact that well known brands
represents better quality whereas, 24% of the respondents remain neutral
and the rest 5% of the respondents disagree with the fact.
The history of branding goes back when people utilized burned mark on
cattle in order to identify the quality. Branding concepts have been used for
centuries around the world in different forms. The original inspiration for
branding came for craftsmen and others to recognize the fruits and their
labors, so that the customers could easily identify them. Furthermore,
branding and trademarks, was applied in past ancient pottery and
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stonemasons marks, which was utilized to mark handcrafted goods to
recognize their source.
Every brand differs in names or symbols like logo, trademark, design and
packing. The products are recognized through these elements and thus
make it possible to differentiate one product from the other. A brand is a
signal to protect the customer from similar brand names and protect the
producer from the competitors.
Brands also have a symbolic value which helps the people to choose the
best product according to their need and satisfaction. Usually, people do not
buy certain brands just for design and requirement, but also in an attempt
to enhance their self-esteem in the society. Some brands have very strong
position in the market as they are more consumer friendly, and customer
purchases these branded products on trust and without any hesitation.
Most of the customers prefer to buy a branded product because they know
this product has been developed by maintaining the protocols, like from the
health and environmental prospective, quality etc. Most successful
companies prefer customer preferences and obtain customers input
through marketing research. Some companies introduce a latest technology
in new product according to customers demand and requirements e.g.
introduction of camera in cell phone, cell phone holder, charger in current
edition of branded cars etc. They also use latest machinery for improving
the product quality, shape, design, use of computer graphics in labelling of
the products etc.
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How brand names influence the customer purchase decision? Why
customers purchase a particular brand also implies how customers decide
what to buy. Customers follow the sequence of steps in decision process to
purchase a specific product. They start realizing a requirement of product,
get information, identify & evaluate alternative products and finally decide
to purchase a product from a specific brand. When customers purchase
particular brand frequently, he or she uses his or her past experience about
that brand product regarding performance, quality and aesthetic appeal.
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be achieved by designing a superior product and offering more benefits to
customers.
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INDUSTRIAL PROFILE
•Tata Motors Group is a leading global automobile manufacturer. Part of the
illustrious multi-national conglomerate, the Tata group, we offer to the
world a wide and diverse portfolio of cars, sports utility vehicles, trucks,
buses and defence vehicles.
•Tata motors have operations in India, the UK, South Korea, South Africa,
China, Brazil, Austria and Slovakia through a strong global network of
subsidiaries, associate companies and Joint Ventures (JVs), including Jaguar
Land Rover in the UK and Tata Daewoo in South Korea.
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manufacturer of cars, utility vehicles, buses, trucks and defence vehicles
and is working towards developing Smart Mobility Solutions for Smart
Cities.
•In India, Tata Motors’ presence cuts across the length and breadth of the
country with a manufacturing base spread across its biggest industrial
hubs; Jamshedpur (Jharkhand), Pune (Maharashtra), Lucknow (Uttar
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Pradesh), Pantnagar (Uttarakhand), Sanand (Gujarat) and Dharwad
(Karnataka). Recognized for its world-class quality, originality, engineering
and design excellence, the company is on the path of shaping the future of
mobility in India.
•It will provide a digital ecosystem, which will be leveraged by Tata Motors
to support the mainstream business in the future.
WHAT IS A BRAND?
BRAND: A brand is defined as a distinguishing symbol, logo, design, mark,
name or the combination of these items that companies use to distinguish
their product from others in market.
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•Brand – 21% of consumers say that they purchased a new product
because it was from a brand they like.
•Email Marketing – 64% of respondents will open an email if they trust the
brand and are loyal towards brand.
BUSSINESS MODEL
CONCEPT OF BRANDING
Branding more or less for centuries has been a mean to differentiate goods
of one producer from that of another. Brand studies have always remained a
key attention of marketers because of its importance and direct
relationship with consumers. Several studies illustrate that, marketers use
brands as the primary point of differentiation to get that competitive
advantage on other competitors playing an imperative role in the success of
the company. Brand holds a very significant place in the life of a consumer.
Consumers choose brands and trust them to avoid uncertainty and quality
related issues.
Brand serves as a pivotal role for distinguishing goods and services from
those of the competitors. Aaker (1991) and Murphy (1998).the emergence
of brand equity underlies the importance of brand in marketing tactics and
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hence provides useful insights for managers and further research, Keller
(2003).
BRAND EQUITY
The term brand equity refers to a set of assets and liabilities associated
with a brand, including its name and symbol, which could impose beneficial
or detrimental effects on the values arising from the products or services
Aaker (1991) and Yasin et al. (2007). Added to this, Keller (1998) points
out that brand equity signifies the unique marketing effects imposed on the
brand. Concerning the positive side of brand equity, it happens when
consumers are willing to pay more for the same level of quality just because
of the attractiveness of the name attached to the product Bello and
Holbrook (1995). However, brand equity could be ruined if it is not
properly managed. For instance, poor product quality and customer
services could adversely affect the brand image, giving rise to a reduction in
sales volume.
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and Tesco are all listed on the FTSE 100 index (London Stock Exchange,
2007). It is found that the volatility of stock market coukl affect consumers'
purchasing mood, not to mention the growth or declines of retail sales
Blackwell (2002).
This is supported by the fact that brand equity depends on the number of
people with regular purchase Aaker (1996). The above examples highlight
the values of brand equity for both consumers and the firm. For
the consumers, brand equity could provide them with information about
the brand which influences their confidence during the purchasing process.
There is a high propensity for consumers with good perceptions to buy
from the same shop again than those with poor perceptions. Past
purchasing experiences and familiarity with the brand could be attributable
to the perceptions generated from the consumers, Aaker (1991). As for the
firm, brand equity could also be a source for the firm to generate cash flow.
For instance, the merger between adidas and Reebok in 2005 not only
increased their market share so as to compete with Nike in the US sports
apparel market.
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BRAND AWARENESS
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As mentioned by Keller (1998), brand awareness can be enhanced through
repeat exposure to the brand. In order to achieve brand awareness, two
tasks are to be accomplished, namely increasing brand name identity and
associating it with the product class. Advertising and celebrity
endorsement could be some useful tools for raising brand awareness. It is
found that advertisement attitude is attributable to the influence on brand
attitudes, affecting consumer's intention to purchase, Mackenzie et al.
(1986) and Tsai et al. (2007). In recent decades, there is an increasing
number of advertising campaigns around the world. Consumers are hence
well equipped with comparative elements to judge which product or
service to purchase, Alvarez and Casielles (2005). Moreover, celebrity
endorsement can give rise to source credibility and source attractiveness.
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BRAND LOYALTY
Brand loyalty is one of the core components of brand equity and also
positively and directly affected brand equity, Atilgan et al. (2005). Under the
influence of brand loyalty, consumers continue to buy the brand, regardless
of the superior features, prices and convenience owned by its competitors
Aaker(1991). The more loyal the consumers are towards the brand, the less
vulnerable the customer base would be. Based on the practice that repeat
buying is one of the indicators for brand loyalty, Keller (1998), however,
challenges that such measure may not be totally accurate. This is due to the
fact that some consumers make habitual purchase towards a particular
brand just because of its prominence in stock and effective promotions.
PERCEIVED QUALITY
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CONSUMER BEHAVIOR
It is basically the study of why, how, when and where the consumers do or
do not buy a particular product, taking in mind all the essential elements
such as psychology, sociology, economy etc.
•Cultural factors refer to the actual culture of the customers from which
they are originated and their regular habits
•Social factors refer to the social group a particular customer belong to and
choice of the product made by that particular group always
•Personal factors like age and personal interest of the customers towards a
particular product. Personal attributes of the customers like profession,
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lifestyle and status of the customer are the driving factors towards this
attitude.
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BRANDING NON-BRANDING
Branded products have higher reliability Non branded are less reliable in
factor. nature.
Higher quality products are served. The quality in these products are
not defined.
Maybe low or moderate quality.
The comfort level is higher and is for The comfort level may be for short
long time. time.
Many times branded clothes satisfy the May be or May not be there.
consumer the more ,as the fitting is
always satisfying
The branded products are costly and Non branded cloths are less costly
cannot be afforded by everyone. and is easily affordable.
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THE CONSUMER BUYING PROCESS
The customer buying process (also called a buying decision process)
describes the journey your customer goes through before they buy your
product. Understanding your customer’s buying process is not only very
important for your salespeople, it will also enable you to align your sales
strategy accordingly.
The five stages framework remains a good way to evaluate the customer’s
buying process. John Dewey first introduced the following five stages:
[Link]/need recognition
This is often identified as the first and most important step in the
customer’s decision process. A purchase cannot take place without the
recognition of the need. The need may have been triggered by internal
stimuli (such as hunger or thirst) or external stimuli (such as advertising or
word of mouth).
[Link] search
Having recognised a problem or need, the next step a customer may take is
the information search stage, in order to find out what they feel is the best
solution. This is the buyer’s effort to search internal and external business
environments, in order to identify and evaluate information sources related
to the central buying decision.
Your customer may rely on print, visual, online media or word of mouth for
obtaining information.
[Link] of alternatives
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have the ability to deliver the benefits the customer is seeking. A factor that
heavily influences this stage is the customer’s attitude. Involvement is
another factor that influences the evaluation process. For example, if the
customer’s attitude is positive and involvement is high, then they will
evaluate a number of companies or brands; but if it is low, only one
company or brand will be evaluated.
[Link] decision
The penultimate stage is where the purchase takes place. Philip Kotler
(2009) states that the final purchase decision may be ‘disrupted’ by two
factors: negative feedback from other customers and the level of motivation
to accept the feedback. For example, having gone through the previous
three stages, a customer chooses to buy a new telescope. However, because
his very good friend, a keen astronomer, gives him negative feedback, he
will then be bound to change his preference.
[Link]-purchase behavior
In brief, customers will compare products with their previous expectations
and will be either satisfied or dissatisfied. Therefore, these stages are
critical in retaining customers. This can greatly affect the decision process
for similar purchases from the same company in the future, having a knock-
on effect at the information search stage and evaluation of alternatives
stage. If your customer is satisfied, this wil result in brand loyalty, and the
Information search and Evaluation of alternative stages will often be fast-
tracked or skipped altogether
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REVIEW OF LITERATURE
Aaker (1991) He defines in his study the conceptual framework develops is
useful for examinging the contribution of brand association, brand
awareness, perceived develops is useful for examining the contribution of
brand association, brand awareness, perceived value and brand loyalty to
brand equity.
Kent and Allen (1994) The study focused on brand familiarity’s role in
increasing ad memorability and moderating competitive interference. Their
findings suggest that established brands have important advantages in
advertising, consumers would be more likely to recall ad information and
their memory should be less affected by exposer to competitors.
Chaudhri and Holbrook (2001) The aims of the study are to review the
dimensions of customer based brand equity by drawing together strands
from various literature and empirical studies made within the area of
customer based brand equity. A conceptual framework for measuring
customer based brand equity is developed to provide a more integrative
conceptualization of brand equity.
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Romaniuk and Sharp (2003) in his study he tested tree hypotheses about
the relationship between brand perception and loyalty. They found a. there
was little
evidence that any particular attributes are more related to customer loyalty
than other nor b. that there were specific brand positions that were
uniquely associated with higher loyalty.
Tam (2007) He said that brand use as valuable asset and attractive trick to
capture consumers for specific goods. Customer behaviour can be inspected
on the base of brand consciousness, relationship and loyalty.
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OBJECTIVES
For a further understanding of Consumer Buying behavior with regards to
branding, our research paper aims at gaining deep understanding of the
process as well as attributes that leads to evaluation of the brands by the
customers and also the key to build brand loyalty among the customers. In
order to fully understand consumer choice, it is necessary to understand
the underlying psychological mechanisms that guide those choices, that is
the conscious and unconscious factors that influence decision making.
Different types of branding practices can effect consumer’s choices in a
number of different ways. First, branding can influence whether consumers
notice a product or not, that is, how much attention is paid to a product.
Second, branding can influence whether and how quickly consumers
recognize a product.
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• To analyze the branding strategies adopted by some of the companies in
the automobiles to woo the consumers into buying their products.
• To do a comparative study of the branding strategies adopted by the
companies in the automobiles.
RESEARCH METHODLOGY
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This particular study follows the quantitative methods and descriptive
design. An interview schedule was prepared based on the objectives of the
study. Direct personal interview technique is used to collect data from the
construction workers and questionaries in the form of google form. Field of
the study is Chennai. The collected data were primary and field source. Data
were collected around one hundred respondents.
Primary data:
Primary data is that data which mainly collected by the researcher on his
own to carry out the desired research. Collection of primary data is based
on interviews and takes more time than other processes. Primary data can
be collected from using questionnaires, interviews, focus group, and
observation. So for this purpose I will use the most popular tool of primary
data collection through direct communication with respondents.
Source of data: Data required for the study will be collected through
primary sources i.e. Market Survey
Secondary data:
Secondary data is that data which already been collected for other purpose
rather than the present purpose. This process of secondary data is
comparatively easy and information can be easily collected from different
sources. The sources of these data are research institutions, official
statistics, technical reports, scholarly journals, trade journals, review
articles, reference books and research institutions.
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I am planning to use the secondary data in my literature review and main
and final research will be done by using primary data through
questionnaire. I will also use the case studies to provide evidence to my
research and support the theories. The study will help to find out the
Consumer purchase decision which helps the firms to survive in this
competitive world. So before use of both primary and secondary data it will
be necessary to analyze both primary and secondary before use.
OBJECTIVES:
PRIMARY OBJECTIVE:
SECONDARY OBJECTIVE:
•To understand review and the define the attributes for”brand success
Measurement Development:
Demographic data used included gender, age, education and employment
status. The positive effects associated with the brand are measured by
means of a question relating to "the feeling of positiveness associated with
the given brand" and respondent is asked whether he/she "Agrees",
"Somewhat agrees" or "Disagrees". Purchase intention is measured by
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using a 3- point Likhert scale with 1 being "very likely", 2 being "somewhat
likely" and 3 being "unlikely".
SURVEY FORM
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UNDERSTANDING OF A GOOD BRAND IMAGE
Which of the following, according to you, help build a good brand image?
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multiple- choice options. The survey questionnaire is designed online,
hosted in google drive and shared in a google form.
GOOGLE FORMS:
Forms are among the internet's most versatile tools. Whether you need a
contact form or a checkout page, a survey or a student directory, a form is
all you need to easily gather that information. With Google Forms, it only
takes a few minutes to make one for free. Google Forms along with Docs,
Sheets, and Slides is part of Google's online apps suite of tools to help you
get more done in your browser for free. It's easy to use and one of the
simplest ways to save data directly to a spreadsheet, and it's the best
sidekick to Google Sheets' spreadsheets. When you need to gather data for
your spreadsheets, a form is your best friend. In this chapter, let's take an
in-depth look at Google Forms' features, hidden tools, and add-ons to help
you make the forms you need in minutes.
PERCENTAGE ANALYSIS:
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investment decisions. It is an important means of assessing past
performance and in forecasting and planning future performance.
Percentages are often used to express a proportionate part of a total. If 50%
of the total number of students, long before the existence of the decimal
system, computations were often made in fractions. The term "percent" is
derived from the Latin per centum, meaning "hundred" or "by the
hundred". The Percentage increase and decrease. Due to inconsistent usage,
it is not always clear from the context what a percentage.
Percentage are used to understand and interpret data. The nth percentage
of a set of data is the value at which n percent of the data is below it. In
everyday life, percentage are used to understand values such as test scores,
health indicators, and other measurements. For example, an 18-year-old
male who is six and a half feet tall is in the 99th percentage for his height.
This means that of all the 18-year-old males, 99 percent have a height that
is equal to or less than six and a half feet. An 18-year-old male who is only
five and a half feet tall, on the other hand, is in the 16th percentage for his
height, meaning only 16 percent of males his age are the same height or
shorter. The original variation between the actual value and the calculated
value extracted in the form of percentage is termed to be the percentage
error. This tool is used to measure whether the data collection is
progressing in the right direction and is mostly used by corporate
companies and statistic experts. If taken the context of academic career, the
percentage error formula is very crucial for the students pursuing their
degrees in the discipline of economics and science. While conducting a
study or calculations from the figures provided in a database, various
errors could occur. Majorly the percentage error formula is used to
determine how accurate the calculated value is by keeping in mind the
actual value. I mentioned in a very rough language, it is the variation of the
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gap between the calculated value and the genuine value expressed in the
form of a percentage. Commonly, the extent of the percentage error is
expressed in the positive denominations, although having a negative
percent error is not a wrong approach. Relying on the sign of the
percentage error measure, it could be analyzed whether the calculated
value is being paced below or higher to the actual value. The tool of
percentage error formula is one of the most reliable and accurate tools in
calculating the relative error by keeping the original measure as the basis.
STATISTICAL ANALYSIS:
Statistical analysis is the science of collecting, exploring and presenting
large amounts of data to discover underlying patterns and trends. Statistics
are applied every day – in research, industry and government – to become
more scientific about decisions that need to be made. The descriptive
statistic is used to describes the basic features of information and shows or
summarizes data in a rational way. Descriptive statistics is a study of
quantitatively describing. This type of statistics draws in all of the data
from a certain population.
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important because it allows us to show data in a meaningful way. It also can
give us the ability to make a simple interpretation of the data.
Inferential type:
As you see above, the main limitation of the descriptive statistics is that it
only allows you to make summations about the objects or people that you
have measured. It is a serious limitation. This is where inferential statistics
come.
Importance:
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DATA ANALYSIS AND INTERPRETATION
PERCENTAGE ANALYSIS:
1 Male 88 85.43%
2 Female 15 15.67%
Interpretation:
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Inference:
4 Students 9 8.7%
5 Others 2 0.019%
Interpretation:
From the above table no of private employees are 54.36%, own business
are 24.27%, government employee are 10.67%, students are8.7% and
others are 0.019%.
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Inference:
TABLE 4.1.3 From which source you get aware of tata cars of respodents:
[Link] Particulars No. of. Response Percentage
1 Tv 41 39.80%
advertisement
2 From the user 19 18.44%
3 Self 16 15.53%
4 Online 14 13.59%
5 Newspaper 9 8.73%
6 Others 4 3.88%
CHART 4.1.3 which source you get aware of tata cars of respondents
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Interpretation:
From the above table From which source you get a aware of tata cars tv ads
are 39.80%, from the users are 18.44%, self are 15.53%, online are
13.59% ,from newspaper are 8.73%and others are 3.88%.
Inference:
Majority (39.80%) of the respondents are aware the TATA cars from the TV
ads.
TABLE 4.4 Representing from what type of tata cars do you have of
respodents
[Link] Particulars No. of. Response Percentage
1 Safari 26 25.24%
2 Nexon 21 20.38%
3 Manza 19 18.44%
4 Indica` 15 14.56%
5 Altroz 12 11.65%
6 Others 11 10.67%
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Chart 4.4 From what type of tata cars do you have of respondents
Interpretation:
From the above table what type of cars do you have safari are 25.24%,
nexon are 20.38%,manza are18.44%,indica are 14.56%,altroz are 11.65%
and others are 10.67%.
Inference:
Majority (25.24%) of the respondents having safari cars.
1 Safari 26 25.24%
2 Nexon 21 20.38%
3 Manza 19 18.44%
4 Indica` 15 14.56%
5 Altroz 12 11.65%
6 Others 11 10.67%
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Chart 4.4 From what type of tata cars do you have of respondents
Interpretation:
From the above table what type of cars do you have safari are 25.24%,
nexon are 20.38%,manza are18.44%,indica are 14.56%,altroz are 11.65%
and others are 10.67%.
Inference:
1 Quality 41 39.8%
2 Design 23 22.3%
3 Price 19 18.4%
5 Others 02 1.94%
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attribute to buy a car
Others
2%
A Well-Known
Name
18% Quality
Quality Design
Price 40%
18% Price
Design
22% A Well-Known Name
Others
Interpretation:
From the above table representing important attributes to buy a car are
from quality 40%,from design 22% ,from price are 18% , a well known
name are 18% , and others are 2%.
Inference:
Majority (40%) of the respondents are says quality is important attribute to
buy a car.
Table 4.1.6 celebrity endorsement influence your buying decision:
[Link] Particulars [Link] Percentage
4 No influence 17 16.50%
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Chart 4.1.6 celebrity endorsement influence your buying decision
Interpretation:
Inference:
Table 4.1.7 A well known branded car is always better quality than a less
branded car:
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[Link] Particulars [Link]. response Percentage
1 Agree 43 47.57%
3 Neutral 17 16.50%
4 Disagree 06 5.82%
5 Strongly disagree 00 0%
60
17
43
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chart 4.1.7 A well known branded car is always better quality than a less
branded car
Interpretation:
From the above table representing a well known branded car is always
better quality than a less branded car are agree 41.74%, strongly agree are
35.92%, neutral are 16.50% and dis agree are 5.82%
Inference:
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Majority (41.74%) of the respondents are agree a well known branded car
is always better quality than a less branded car.
1 Yes 53 51.45%
2 No 31 30.09%
3 May be 19 18.44%
may be
19
no
31
yes
53
0 10 20 30 40 50 60
Interpretation:
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From the above table representing does financing influence to buy a car yes
are 51.45%,no are 30.09% and maybe are 18.44%.
Inference:
1 No 41 39.80%
2 Yes 37 35.92%
3 Maybe 25 24.27%
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chart 4.1.9 Brand promotion influence to buy a car
Interpretation:
From the above table representing does brand promotion to buy a car no
are 39.80%, yes are 35.92% and maybe are 24.27%.
Inference:
Majority (39.80%) of the respondents are said no for brand promotion is
influence you to buy a car.
1 Yes 46 44.66%
2 No 36 34.95%
3 May be 21 20.38%
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chart 4.1.10 Does offers influence to buy a car
Interpretation:
From the above table representing does offers make you to buy a car yes
are 44.66%, no are 34.95% and maybe are 20.38%.
Inference:
Majority (44.66%) of the respondents says offer make you to buy a car.
1 Agree 30 29.12%
2 Disagree 26 25.24%
3 Neutral 18 17.47%
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chart 4.1.11 Brand has become a status symbol
Interpretation:
From the above table representing brand has become a status symbol agree
are 29.12%,disagree are25.24%,neutral are 17.47%,strongly disagree are
15.33% and strongly agree are 12.62%
Inference:
Majority (29.12%) of the respondents are agree that brand has become a
status symbol.
1 Yes 63 61.16%
2 No 25 24.27%
3 Maybe 15 14.56%
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chart 4.1.12 Focus on brand while purchasing
Interpretation:
Inference:
Majority (61.16%) of the respondents are said yes for focus on branding
while purchasing the product.
1 Agree 27 26.21%
2 Neutral 27 26.21%
4 Disagree 16 15.53%
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chart 4.1.13 Logo impact you to buy this brand
Interpretation:
From the above table representing does logo impact you to buy this brand
agree are 26.21%, neutral are 26.21%, strongly agree are 20.38%, dis agree
are 15.53% and strongly dis agree are 11.65%.
Inference:
1 Good 50 48.54%
2 Excellent 25 24.27%
3 Bad 20 19.41%
4 Fair 8 7.76%
57
chart 4.1.14 How was experience with tata service center
Interpretation:
From the above table representing how was your experience with tata
service center good are 48.54%,excellent are 24.27%,bad are 19.41% and
fair are 7.76%
Inference:
Majority (48.54%) of the respondents are says good for experience with
TATA service center.
1 Yes 62 60.19%
2 Maybe 30 29.12%
3 No 11 10.67%
58
chart 4.1.15 Would you recommend the tata cars to others.
Interpretation:
From the above table representing would you recommend the tata cars to
others yes are 60.19%, maybe are 29.12% and no are 10.67%.
Inference:
Majority (60.19%) of the respondents says yes for recommend the TATA
cars to others.
59
STATISTICAL ANALYSIS:
Inference :
Since p value is 0.045 less than a 0.5 null hypothesis is rejected and
alternate hypothesis is accepted.
60
ANNOVATEST:
Inference :
Since p value is .091 less than a 0.5 null hypothesis is rejected and alternate
hypothesis is accepted
61
LIMITATIONS
62
FINDINGS
[Link] (39.8%) of the respondents are aware the car from the TV
ADVERTISEMENT
[Link] (44.7%) of the respondents are agree that offers make to buy a
car
63
Majority (29.1%) of the respondents are agree that brand has become a
status symbol
[Link] (61.2%) of the respondents are agree that they are focusing on
brand while purchasing.
[Link] (26.2%) of the respondents are agree that logo impacts to buy a
car
[Link] (39.8%) of the respondents are dis agree that available of spare
impact to buy a car
[Link] (60.2%) of the respondents are said they will recommend the
tata cars to others.
64
SUGGESTIONS
• The charges for servicing the Four Wheelers may be slightly reduced.
• Some of the people are facing problems with mileage which should be
rectified.
• As a promotional measure of Tata Motors Pvt. Ltd. may increase free
services camps. This will increase Customer’s loyalty.
• As per the study after sales service, cleaning and servicing vehicles
should be given importance and improved.
65
CONCLUSION
The aim of this thesis was to determine the impact that a brand as on
the purchase decision making process of consumers as well as
throwing some light on the theories surrounding a brand and
consumer behavior. In conclusion, it has been found out that there is
some correlation between a brand and the behavior displayed by
consumers with regards to their purchase decisions. Consumers are
very much enlightened about the various brands on the market and
as such their mage is very crucial when it comes to making a
purchase decision especially at first time. 55 Again family, friends and
reference groups do play a major role in affecting the purchase
decision-making of consumers. This calls for massive improvement
on the services rendered, innovation and differentiation as far as the
brand (s) is concerned in the organization or company.
66
• It needs to be emphasized at the very outset that there is no unified,
tested and universallyestablished theory buying behavior. What we
have today are certain ideas on buying behavior.
• Only then can a company demonstrate the relevance of its marketing
offer to consumers by showing how it will help them deal with their
life setting. Ultimately, convincing customers of the product offers
relevance is crucial to sales growth in markets. Marketing stimuli
consist of the four Ps:
•Product
•Price
•Place
•Promotion
Other stimuli include major forces and events in the buyers
environment: economic, technological, political and cultural. All these
inputs enter the buyers black box where they are turned into a set of
observable buyer responses: product choice, brand choice, dealer
choice, purchase timing and purchase amount. The marketer wants to
understand how the stimuli are changed into response inside the
consumer’s black box, which has two parts: first, the buyer’s
characteristics influence how he or she perceives and reacts to the
stimuli; second, the buyers decision process itself affects the buyers
behavior.
BIBLIOGRAPHY
67
REFRENCES:
1. David L Loundon and Albert J Della Bitta, Consumer Behavior, 4/e, TMH,
New Delhi, 2007.
WEBLIOGRAPHY:
1. [Link]
2. [Link]
3. [Link]
4. What consumers Really think, 2004, white paper, [Link]
JOURNALS:
ANNEXURES
68
QUESTIONNAIRE:
Supervisor [ ] Businessman [ ]
Student [ ] Employee [ ]
3. If you opt a Car from TATA, what type of Car would you go for?
Indica [ ] Safari [ ]
Manza [ ] NANO [ ]
Yes [ ] No[ ]
Family [ ] Media [ ]
Friends [ ] Others [ ]
7. What Car did you opt in TATA? (Open end question)
…………………………………………………………………………………………….
8. Rank your Car in the following category (based on the above question)
69
1 2 3 4 5 6
Mileage [ ] Durability [ ]
Vehicle Availability
Infrastructure
Service
Loan Availability
13. What more services you require from Concorde Motors. (Open ended
question)
Yes [ ] No [ ]
70
15. How was your experience with TATA service center?
Excellent [ ] Good [ ]
Satisfactory [ ] Bad [ ]
16. How are the service provided by TATA service centre?
Excellent [ ] Good [ ]
Satisfactory [ ] Bad [ ]
17. Are you satisfied, with the services provided by the Concorde
motors?
Yes [ ] No [ ]
18. Would you recommend your Car to your family friends, etc?
Yes [ ] No [ ]
19. Would you recommend TATA cars or Maruti Suzuki cars to your
friends/family?
20. Where do you rank TATA, among all motors Car companies in India?
Rank 1[ ] 2[ ] 3[ ] 4[ ]
71
The study found that branding significantly influences consumer buying behavior through the formation of brand image and loyalty, which in turn leads to increased sales and consumer satisfaction . Branding helps consumers connect with the brand image, name, or company, which can result in higher loyalty and a preference for branded products over non-branded ones . Effective branding strategies can create a strong customer base by appealing to consumer emotions and perceptions about product quality . Understanding these dynamics is crucial for developing effective branding strategies to enhance customer loyalty and competitive advantage .
Brand equity enhances competitive advantage by creating a unique value proposition that differentiates a brand from its competitors. Strong brand equity increases brand recognition, fosters consumer trust, and leverages customer loyalty, which are advantageous in competitive markets . The research underscores that high brand equity attracts consumer preferences for quality and reliability, solidifying the brand's position in the marketplace . By building and maintaining strong brand equity, companies can secure long-term competitive advantages and sustain growth .
The 7P’s—Product, Price, Promotion, Physical layout, Process, and People—collectively influence consumer reactions to branding by shaping the overall brand experience and perception. Companies that effectively manage these elements can create a strong brand image and drive consumer loyalty . The research shows that consumers are increasingly responsive to changes in these areas, especially when it involves high brand awareness and perceived quality . Effective integration of these factors into branding strategies can enhance customer satisfaction and influence buying behavior positively .
Perception of a brand as a 'status symbol' can enhance consumer loyalty and buying decisions by associating the brand with a desirable social image and prestige. This perception motivates consumers to choose brands that reflect their identity and status aspirations . A significant portion of respondents agreed that brands represent a status symbol, indicating that such perceptions can increase brand loyalty and preference over less prestigious alternatives . This suggests that leveraging status symbol attributes in branding can effectively drive consumer commitment and influence purchasing behaviors .
Brand perception is integral to customer loyalty; however, it was found that specific brand positions or attributes are not uniquely associated with higher loyalty . Instead, creating a strong brand perception through effective advertising and branding strategies can enhance brand equity and customer relationships, leading to sustained loyalty . Companies can leverage brand perception by focusing on creating emotional connections with consumers, as well as ensuring consistent positive experiences and communications across all brand touchpoints .
Understanding consumer behavior is critical as it helps businesses tailor their branding strategies to meet consumer needs and preferences. The research highlights that modern businesses must focus on consumer-driven activities, such as obtaining and analyzing consumer feedback, which plays a vital role in forming brand images and guiding purchasing decisions . This understanding enables companies to maintain competitive advantages through effective brand management and by fostering brand loyalty and satisfaction among consumers .
Brand recognition directly affects consumer attention and decision-making by acting as a mental shortcut that retrieves stored brand information. This relationship is fundamental because recognition leads to memory retrieval of brand experiences, perceptions, and associations, which subsequently guides purchase decisions . Effective branding increases this recognition, leading to quicker and more positive purchasing decisions as consumers tend to prefer known and positively perceived brands . This underscores the importance of branding in influencing consumer attention and shaping their decision-making processes .
Celebrity endorsements can be effective in influencing consumer buying behavior by increasing brand visibility and attracting consumer interest. However, as the data shows, this influence varies among individuals; 32.03% reported a normal influence, while 20.38% noted a high influence . The mixed effectiveness suggests that while celebrity endorsements can enhance brand appeal and awareness, they may not substantially alter buying behavior unless complemented by other factors like perceived quality and personal relevance .
Brand quality is a crucial factor in consumer preferences because it directly influences perceived value and satisfaction, leading to higher brand loyalty. The data showed that 40% of respondents consider quality the most important attribute when buying a car, demonstrating that high-quality perceptions can increase the likelihood of purchase and brand advocacy . Quality is often equated with reliability and satisfaction, which are critical considerations for consumers making significant purchases like cars .
Promotional strategies significantly impact brand loyalty and consumer purchasing decisions by influencing brand perception and recognition. The research indicates that advertising, brand equity, and promotional activities engage consumer attention, thereby affecting their loyalty and decision to purchase a particular brand . For Tata cars, promotional strategies, including advertising and brand promotion, were observed to have varying influences on consumers, with a notable segment of respondents stating that promotions do not significantly influence their purchase decisions unless they align with perceived quality .