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ThE CooL, TreNdy, fUnKy RaNgE fOr
 ThE YoUnG aNd YoUnG-at-HeArT.
INTRODUCTION
 Fastrack, a sub-brand of Titan was launched in 1998.

 Earlier Fastrack targeted at 12-25 year olds and
 positioned along the line “ Cool watches from Titan”.

 Titan later relaunched the Fastrack brand in 2005 as
 an individual brand aiming the target segment of 18-
 30 year old with the baseline " How many you have?“

 Strategy aimed at promoting the multiple watch
 owning concept.
THE S-T-P OF FASTRACK WATCHES
SEGMENTATION
                  GEOGRAPHIC       CITIES


                 DEMOGRAPHIC     GENDER


SEGMENTATION                    SOCIAL CLASS
                 PSCHOGRAPHIC
                                PERSONALITY


                                OCCASIONS
                  BEHAVIOURAL
                                  LOYALITY
TARGETING



 It has a “niche audience”.

 Targets the young and young-at-heart and people who are
  fashion conscious but are price sensitive.
POSITIONING


 Whenever we think of Fastrack, what comes to our mind
    is “ MOVE ON", that is how it has positioned itself.

                   Existing [WATCH]
    RE-TIE                                       CONNECTION

                 Newly created
        [WATCH AS A FASHION ACCESSORY]
4 P’s OF MARKETING MIX
PRODUCT
 It has established itself as a fashion accessory rather than
as a device showing time without compromising on quality.

 Fastrack watches include various collections like XY
collection, Neon disc collections ,Army collection, Sports
collection, bikers collection, denim collection.

 Providing watches for every occasion.
PRICE



Starts Rs. 500           Till Rs. 3000
PLACE

 Fastrack has its presence through 6000
  outlets across 800 towns including 228
  strong World of Titan network, 122 Large
  Format Chain stores i.e. Shoppers Stop,
  Lifestyle, Central, Westside, Pantaloons
  and Multi-brand watch outlets.
PROMOTION

 To promote the product it uses mass communication through
  360 degree media blitz ie. Newspaper, T.V and magazines.

 Maintains image of the product by continuously maintaining
  freshness in its communication.

 Most of its advertisements are dominated by youth. The famous
  fastrack ads were : Yes sir ad , move on ad.

 The most interesting thing in all these Ads is the last statement
  “HOW MANY YOU HAVE” which has a hidden strategy .
SWOT ANALYSIS
STRENGTHS                   WEAKNESSES

   Popular among youth.    Not associated to maturity.

   Provides value for      Lack of product innovation
    money.                   in existing collection.


   Trusted for quality.

   Providing unique
    special collection.
OPPORTUNITES                           THREATS
 Huge market and demand is        Many foreign players
  unlikely to change.             entering in the race.

 The young independent            Too many players will dilute
  individuals are trendsetters.   the market & the profit
                                  margin.
 People are using it as a
  fashion accessory which          Mobile phones acting as
  means more demand for the       substitutes of the watches.
  product.
                                   Increasing the price of the
 Youth of India are far more     raw material like steel may
  brand conscious than            increase the price of the
  their predecessors.             product.
QUESTIONAIRE
1) Which watch brand are you currently using?
2) What features do to consider while purchasing a watch?
3) What/who influenced you to make your purchase?
4) Which type of wrist watch do you like to wear?
5) Does publicity of watches affect your buying decision?
6) Do you prefer cell phone over your watch for referring
    time?
7) You prefer your watch as accessory or necessity or both?
8) Would you like to have a customized/personalised watch
    [belt of the watch,its dial,colour]?
9) What are the problems you face while purchasing a watch?
10) Does warranty of the watch have any influence on your
    purchase?
PRODUCT LIFE CYCLE OF FASTRACK
                  WATCHES
1.introduction 2.growing maturity 3.stable maturity 4.declining
maturity 5.decline




                            2           3          4
SALES




                                                          5



         1                TIME
CONSUMER BEHAVIOUR
OBJECT     OBJECTIVE                     ORGANISATION
Watch      1) Time showing device        1) Friends
           2) Reveals personality of a
                                         2) Colleagues
           person

           3) Accessory/ ornament        3) Parents

           4) Alarm system               4) Siblings

           5) Attire (matching with      5) Shop-keeper
           clothes)

           6) Current trend

           7) Value for money
OPERATIONS             OCCASIONS     OUTLETS
1) Bought in bulk by   1) Everyday   1) Authorized
   retailers.                           chain of Retail
2) Throught out the    2) Gifting       outlets with
   year.                                company
                       3) Meetings      service centre

                       4) Party      2) E-commerce

                       5) Awards
FUTURE STRATEGIES
 Fastrack needs to continue its focus on innovation in all its
    collections.
    It needs to keep coming up with creative as well as matured ads
    and promote it at college festivals with the help of youth icons .
    Since Fastrack deals with bulk it has not entered into individual
    marketing. They should encourage customization of watches in
    small scale with small local retailers/gift shops like archies.
    Provide exciting offers throughout the year.
    Target rural market.
    Since Fastrack is associated with youth[Generation next], it should
    encourage education by sponsoring students and also encourage
    employment by asking them to work for the company.
HaVe YoUr WaTcH ThE wAy
   YoU wAnT iT tO bE
THANK YOU

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Fastrack watches

  • 1.
  • 2. ThE CooL, TreNdy, fUnKy RaNgE fOr ThE YoUnG aNd YoUnG-at-HeArT.
  • 3. INTRODUCTION  Fastrack, a sub-brand of Titan was launched in 1998.  Earlier Fastrack targeted at 12-25 year olds and positioned along the line “ Cool watches from Titan”.  Titan later relaunched the Fastrack brand in 2005 as an individual brand aiming the target segment of 18- 30 year old with the baseline " How many you have?“  Strategy aimed at promoting the multiple watch owning concept.
  • 4. THE S-T-P OF FASTRACK WATCHES
  • 5. SEGMENTATION GEOGRAPHIC CITIES DEMOGRAPHIC GENDER SEGMENTATION SOCIAL CLASS PSCHOGRAPHIC PERSONALITY OCCASIONS BEHAVIOURAL LOYALITY
  • 6. TARGETING  It has a “niche audience”.  Targets the young and young-at-heart and people who are fashion conscious but are price sensitive.
  • 7. POSITIONING  Whenever we think of Fastrack, what comes to our mind is “ MOVE ON", that is how it has positioned itself. Existing [WATCH] RE-TIE CONNECTION  Newly created [WATCH AS A FASHION ACCESSORY]
  • 8. 4 P’s OF MARKETING MIX
  • 9. PRODUCT  It has established itself as a fashion accessory rather than as a device showing time without compromising on quality.  Fastrack watches include various collections like XY collection, Neon disc collections ,Army collection, Sports collection, bikers collection, denim collection.  Providing watches for every occasion.
  • 10.
  • 11.
  • 12. PRICE Starts Rs. 500 Till Rs. 3000
  • 13. PLACE  Fastrack has its presence through 6000 outlets across 800 towns including 228 strong World of Titan network, 122 Large Format Chain stores i.e. Shoppers Stop, Lifestyle, Central, Westside, Pantaloons and Multi-brand watch outlets.
  • 14. PROMOTION  To promote the product it uses mass communication through 360 degree media blitz ie. Newspaper, T.V and magazines.  Maintains image of the product by continuously maintaining freshness in its communication.  Most of its advertisements are dominated by youth. The famous fastrack ads were : Yes sir ad , move on ad.  The most interesting thing in all these Ads is the last statement “HOW MANY YOU HAVE” which has a hidden strategy .
  • 15.
  • 16.
  • 18. STRENGTHS WEAKNESSES  Popular among youth.  Not associated to maturity.  Provides value for  Lack of product innovation money. in existing collection.  Trusted for quality.  Providing unique special collection.
  • 19. OPPORTUNITES THREATS  Huge market and demand is  Many foreign players unlikely to change. entering in the race.  The young independent  Too many players will dilute individuals are trendsetters. the market & the profit margin.  People are using it as a fashion accessory which  Mobile phones acting as means more demand for the substitutes of the watches. product.  Increasing the price of the  Youth of India are far more raw material like steel may brand conscious than increase the price of the their predecessors. product.
  • 20. QUESTIONAIRE 1) Which watch brand are you currently using? 2) What features do to consider while purchasing a watch? 3) What/who influenced you to make your purchase? 4) Which type of wrist watch do you like to wear? 5) Does publicity of watches affect your buying decision? 6) Do you prefer cell phone over your watch for referring time? 7) You prefer your watch as accessory or necessity or both? 8) Would you like to have a customized/personalised watch [belt of the watch,its dial,colour]? 9) What are the problems you face while purchasing a watch? 10) Does warranty of the watch have any influence on your purchase?
  • 21. PRODUCT LIFE CYCLE OF FASTRACK WATCHES 1.introduction 2.growing maturity 3.stable maturity 4.declining maturity 5.decline 2 3 4 SALES 5 1 TIME
  • 22. CONSUMER BEHAVIOUR OBJECT OBJECTIVE ORGANISATION Watch 1) Time showing device 1) Friends 2) Reveals personality of a 2) Colleagues person 3) Accessory/ ornament 3) Parents 4) Alarm system 4) Siblings 5) Attire (matching with 5) Shop-keeper clothes) 6) Current trend 7) Value for money
  • 23. OPERATIONS OCCASIONS OUTLETS 1) Bought in bulk by 1) Everyday 1) Authorized retailers. chain of Retail 2) Throught out the 2) Gifting outlets with year. company 3) Meetings service centre 4) Party 2) E-commerce 5) Awards
  • 24. FUTURE STRATEGIES  Fastrack needs to continue its focus on innovation in all its collections.  It needs to keep coming up with creative as well as matured ads and promote it at college festivals with the help of youth icons .  Since Fastrack deals with bulk it has not entered into individual marketing. They should encourage customization of watches in small scale with small local retailers/gift shops like archies.  Provide exciting offers throughout the year.  Target rural market.  Since Fastrack is associated with youth[Generation next], it should encourage education by sponsoring students and also encourage employment by asking them to work for the company.
  • 25. HaVe YoUr WaTcH ThE wAy YoU wAnT iT tO bE
  • 26.
  • 27.
  • 28.