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EXECUTIVE SUMMARY
The study was conducted to know the customer satisfaction level and its effectiveness towards
JK TYRES Mysuru. This study helps the company to realize the factors which affect customer
satisfaction and also to bring out the opinions of customers and consumer. Finally, the study
draws inferences from the findings, which help the company to formulate relevant strategies to
better understand the satisfaction level of each customer.
By understanding the customer satisfaction and its effectiveness the
organization can come up with various strategies that full fill the customer satisfaction to have an
idea about to creating the new plans to satisfied the customer. The system and also it effects for
the organization in achieving its goal. The study also helps in formulating new ideas for
developing new strategies.
To fulfill the above said objectives of the study responses were collected from existing
customers. The survey includes a sample size of 50 employees. The responses were obtained by
directly interviewing the respondents using a structured questionnaire.
After the data had been collected through questionnaires, it was tabulated. Question-wise tables,
charts and inferences have been clearly mentioned in the data interpretation part of this report.
Inferences were drawn based on the scores associated with various issues. Interpretation has been
graphically shown in a comprehensive manner for effective understanding.
Through this study the researcher has identified that most of the respondents are satisfied with
the current price, quality, services ETC. from the JK tyres. The satisfaction level of customer
hole system and some of the respondents have the problem of their demands and wants So, the
organization need to face on it.
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CHAPTER 1
INTRODUCTION
Page 3
1.1 INTRODUCTION ABOUT THE INTERNSHIP
The internship program is intended to offer students involved in a groundinformation with an
chance to part their visions, to discover the links between students' theoreticalgroundwork and
their field work, and to assist members in emerging and resounding out the major
investigationscheme which will serve to conclude their placement experience.
The programs as been conducted at JK TYRE which is a tyre manufacturing company. This
study made helpful for the company to make their decision during investments in build a
awareness through varies promotions and also while considering the attributes which leads to
customer satisfaction
To conclude this project as given me practical experience in study of organization.it was a great
experience working, where I learn many things about functioning of an organization in
accordance with the present market trends.
The internship programs as provided with us
 An opportunity to put onhypotheticalthoughts in actuallifespancircumstances at the work
place.
 Sensitivity to the shades of businessphilosophy and acquaint them by the businesscipher
of performance.
 An opportunity to improveterritoryinformation and offer cross purposeful skills.
1.2 TOPIC CHOOSEN FOR THE STUDY
“A STUDY ON CUSTOMER SATISFICATION TOWARDS
JK TYRESLtd MYSURU”
1.3STATEMENT OF PROBLEM
The problem is lack of information about what the buyerrequirements in term of products, price,
brand, place, and promotion. To discover the issues confronted by the clients and to know the
new range change with the assistance of client feedback. Through this venture, the deals and
operations supervisor need know the post deals administration execution and criticisms of the
purchases.
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1.4PURPOSES OF THE LEARNING
 To identify the buyerfulfillment level towards “JK TYRES” in
mysurucity.
 To know the attributes which creates customer satisfaction about
“JK TYRES” in mysuru city?
 To study about “JK TYRES” care center in mysuru city.
 Strategies adopted by “JK TYRES” to build customer loyalty
1.5SCOPE OF THE STUDY
 The learning is virginallycentered on the server lead in mysuru city and has absorbed on
customer.
 The learning includes the dataaround the attentionusual which might vary
condition&wherever the defendantsmight not be clever to give essential and exact
information
1.6LITERATURE REVIEW
Alicia barosso (2007)
The study on increasing sales of new products is frequentlycredited to buyerBecomingup-
to-datearound the reality of the product. Publicity can hurry this buyerbuyingchoice is
identified using a separateprimeidealthroughdifference in the prime set. According to the
infodispersal of the freshgoods. The consequencespropose that publicity significantly
improve the info of freshgoods and that firm revenue into account in their
publicityjudgment this dynamic forces. The approximationsdisplay that
publicitydecreases the three year it incomes for the infodistribution of a fresh goods to
half as long. theconclusion of publicity on awareness is dynamic and that accounting for
it is critical in explain the progression of goods sales over its life rotation.
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Gerard Llobet (2011),
Buildingbuyerfulfillment is a self-justifyingpolicy and the social objective for protection
is buyer loyalty (fornell, 1992). Fornellconversed that buyerfulfillment will be in
influenced if the demand and supply are dissimilar. Fulfillment will be little when the
buyer demand is heterogeneous and the supply is similar. To recallbuyer, interchanging
barrier and buyerfulfillment are the two basic methods which needed to be satisfied.
Interchanging barriers make it costly for buyer to change to participants and buyer
fulfillment.
Muhannad M.A Abdallat and Hesham EI-Sayed EI-Emam
The concept of buyerfulfillment as involved much care in recent years.Association that
right to examine this ideawould begin with anminimizing of several buyer fulfillment
models. Such copies clarify severalmodels about buyer fulfillment, making investigation
and study in this topic more focused and less waste full of research resources. Macro-
models of buyer satisfaction concepts the place of customer fulfillmentamongst a set or
related theory in marketing research. Micro-models of buyer fulfillment ideas the
elements of customer satisfaction.(WILLARD HOM).
JOAN l. Giese and Joseph A. Cote, 2002
 By a timesparticulartopic of strength of character and limited period The
examinermustchoice the idea of strength of charactermaximumrelated for
examinerinquiries and recognize the probableperiod of the summery answer.
 Heading for towards important aspects of a manufactured goods acquisition or
consumption the examinermustwithout doubt the focus of interest created on the
managerial or examination question there face.
A survey was made on attributes of customer satisfaction and the results of the
examinationpresented that on average buyer attach high significance to all he
facilityqualitiesrecognized in severalexamination. How ever customers level of
scarification is reasonable for most of the qualities, excepting office environment,
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converts of bill payment procedures and customer care. More over are
normallylesser than purchaser service related qualities, involving that the scope
for development lies in addressing to the practical quality lengths for our facility.
Josses Mugabi and SamalieMutuwa, 2009
Basic and operative base line customer satisfactionexaminationpackagewouldmotivation
on calculating customer responses. Exactly how well does your company transportation
on the dangerous success issues and capacities of the commercial as support by the
buyer? For example, is yours examinationswift and is your man courteous? How
receptive&accepting of the buyer’s problem are your representatives’? The answers of
company presentationmust be examined both with all your buyers’ as well as key
sections.
1.7RESEARCH METHOD
SOURCES OF DATA
 PRIMARY DATA:The primary documentswascomposedon or after the
uniquebasis by examination is called primary data.
 SECONDARY DATA: In means documents that are previouslyexisting. If raises
to the documents which have previouslypresence collected and examined by
somebody else. The documents was collected from the website and papers.
 Sampling method
Simple random sampling method is used in this research
 Sampling size: 50 customers
1.8 LIMITATIONS OF STUDY
 The study is confined only to the customers if mysuru city.
 Time constraint.
 Due to time constraint,this study is limited to a small project reporter
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 This study is limited to only general factors influencing purchasing of tyres not specific
factors like social, personal, psychological, culture, etc.
 The project is open for further improvement of the work.
CHAPTER 2
INDUSTRY PROFILE AND
COMPANY PROFILE
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 2.1 INDUSTRY PROFILE:
The Rubber Industry in the world made its beginning in 1887. It was because
of the invention of the prosing of the rubber, vulcanization by Charles Goodyear. The
growth of the industry however received a good boost by century end when john
Boyd Dunlop prospered in creating of vulcanized vulcanized rubbertyres into expandable
inflatabletyres. From the time when then the tyreproduction has continued to be a major section.
Foam rubberproduction all over the world. Even in India, automobile tyre and tubes account
for a main part of India rubber manufactured goodsproduction.
2.2 THE HISTORY OF THE TYRE MANUFACTURING:
The following records the expansion of the tyre as we know it today.
R.W. Thomson created and patented the InflatedTyre in 1845. His 1st
strategy
used aamount of thin inflated tubes confidential a leather cover. This planreally had its
rewardsfinishedfutureplans. It would revenueextra than 1 hole to deflate the
entiretyre, and changing the gravitiesmight after the drivecircumstances.
It remainedpending the dawn 19th
century, 1888 to be specific, that John
Boyd Dunlop created the rubber InflatedTyre. Even though these technical
innovations the solid India rubbertyrecontinuous to be the leadingtyre and it existed not
until 1889 that the Pneumatic tyre caught on.
Dunlop first publicized his tyres in 12th
month of the year 1888 in “The Irish Cyclist”, and in
May of the behind year had its 1st
haltcomplete. A Belfast cycle Race
was won on Pneumatic rubber tyres and by now the community was initial to take note.
Unluckily the uniquetyre has its negatives. The internal tube was problematic to
get at for the reason that the tyre was fixed to the wheel. In 1890 CK Welsh original the plan
of a wheel rim and external cover with inextensible lip. By now we had the basics for
today’s tyre. Over the year the tyre has technologically advanced into today’s high technology
assistances. 2 of the greatest important mechanicalgrowthsconsist of Michelin’s
making of a radial tyre, with its vastly bigger grip, in 1948, and the
enlargements when Dunlop did away with the internal tube on car tyres in 1972.
Periodtakes given motorizedmanufacturingtyres the ability of severaldissimilar
requests. This series from high speedinesscompeting, tyres to supply a relaxed ride,
have a relation puncture resistance, and wear out and operationalpresentation. The
position of a tyre must not be taken for decided. After all tyre is the only fact of
interaction with the road.
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The tyre industry has changed from the additionalsimple play to the more
stylish radial. Nylon cords that import smallweightiness and extrastrong point, to
the tyres have also exchanged cotton ply. This production is powerfully linked to the
automobile sector. This production is also driven by farming activities that take place
in the area, as these 2 have an impact on the transportationdivision.
2.3 History of the Indian tyre industry could be classified into 4 periods:
 1920 to 1935 {multinational trading in tyre}
 1935 to 1690 {multinationals manufacturing era}
 1961 to 1974 {broadening of production base}
Trading tyres in India was first started in 1920 by Firestone, forward by Good
year in 1922 and later Dunlop in 1926. Dunlop setup the first tyre at saharganj,
West Bengal, in the year 1936. Firestone setup a factory at Mumbai. At present there
are 20 licensed companies and 24 factories with 11 large companies manufacturing
the full range of tyres and tubes. The Indian tyre companies are having large collaboration
with tyre companies of U.S.A, U.K., West Germany and Japan. Significant changes
occurred in the tyre manufacturing process, changeover from rayon to nylon and
introduction of radial tyres of both steel belt and fibre glass are most important. The
hot cure conventional rethreading process is replaced with cold cure rethreading
process. The truck and bus tyre mileage and load carriage capacity has gone up by
25%. The tyre industry is Rs.3500 Crore plus which manufacture tyres for truck and
buses, light trucks, jeeps, cars, tractors trailer, power tillers, scooter, motor cycle,
moped, cycle, earth moving equipment’s and dumpers, aircraft and special defence
vehicles.
The large tyre unit in India Apollo, Bombay tyre International, ceat, Madras
Rubber Factory (MRF), Dunlop, Goodyear, JKtyre, Birla Tyre, & Vikrant tyre etc.
The company that manufacture tyres for primarily for the two wheeler are TVS
Srichakar, Falcon Metro Tyres, Ceat MRF, Stallion and S.Kumar’s.
The tubes are manufactured from natural rubber as well as imported butyl
rubber. Tyre inner tubes are covered under packaged commodities act. The
Government for the tyre industry setup various committees. Way back in 1955, the
tariff commission was setup. The major trust of the commission report was the
decentralization of the tyre industry.
Between 1975 and 1985 the Government referred to Bureau of industry cost
and price {BICP} five timers for cost and price study of tyre industry. But, the studies
of the BICP were not made public. In May 1974 the Government setup a committee
on tyre industry with Mr. M. Satyapal as chairman. This committee submitted its
report to the government in 1985. Report has not been published.
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Dunlop, MRF, Ceat, Apollo and Modi rubber dominates the industry together
accounting for much as 60% of the total output. Among individual companies, MRF
is moving into aircraft tyre manufacturing in collaboration with Uni, Royal Goodrich.
The total capacity of ceat has gone up to 45 lacks tyres with the commence of walaj
plant and has plans to manufacture nylon cord tyres. Modi rubber industry has the
modipuram plant and modinagar plant is under implementation. Vikrant tyres with a
new all steel radial tyre plant for trucks and buses is the only company modernizing
the existing plant and manufacturing new technological tyres of international
standards and acceptability, Indian tyre industry is all set to capture a major share in
export market and increases its share of export to various countries. The tyre industry
is a raw material concentratedproduction. Raw resources account for about 55% of the total
production cost. Two of the four major raw materials used in the tyre making i.e.
Nylon tyre cord and synthetic rubber to natural petroleum based derivatives.
2.4 FEATURE OF THE TYRE INDUSTRY:
 Large distribution network.
 Demand is cyclical nature.
 Technological intensive.
 Rising cost of raw materials.
2.5 FUNCTIONS OF THE TYRE:
 Tyre provides steering response.
 Durable and easy to drive.
 Has loan carrying capacity.
 Provides cushioning ability.
 Cooler running and gives more mileage.
 Having a minimum noise and vibration
2.6 COMPARATIVE FUNDAMENTAL ANALYSIS:
Major players in Indian tyre industry
Company Year of commencement
Dunlop 1926
Good year 1942
CEAT 1960
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MRF 1946
Apollo 1975
2.7 MAJOUR APPREHENSIONS OF INDIAN TYRE INDUSTY:
 Radicalization in commercial vehicle segment.
 Used tyres.
 Raw materials of Tyre industry.
 Automotive industry standards (safety standards).
 Government care for encouraging ‘made in India’ product for Tyres.
2.8 INPUTS FOR TYRE PRODUCTION INDUSTRY:
The major raw materials are:
 1. Natural rubber 25%
 2. Synthetic rubber 14%
 3. Carbon block 13%
 4. Nylon tyre cord/yarn (fabric) 34%
 5. (Remaining share of raw materials of 14% approx. is accounted by
rubber
 Chemicals)
INDIAN TYRE PRODUCTION INDUSTRY – A PROFILE
 No. of Tyrebusinesses – 39.
 No. of Tyre branch – 60.
 Revenue (Est.) – Rs. 43,000 Crores /US$ 7.7 billon.
 Distributes – Rs. 4800 Crores / US$ 770 million.
 Industry Attention – 10 large tyre companies account for 95% of industry revenue (in
tonnage / value terms)
 Growing at 9 – 10% annually.
2.9 GLOBAL TYRE INDUSTRY
 700 tyre companies in the world
 Sales top 75 cos.- US$ 92 million
 Top 10 cos. - 80%
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12
 Chinese cos. - 4.5%
 Indian cos. - 2.5%
 21 Chinese tyre co. include in world’s 75 largest tyre companies; combined
turnover of $ 9.5 billion, amounts to 10% of global business.
 US dept. of transportation data – 160 tyre units in china – DOT code for new
production – for selling tyre in the US.
 Over last years, china’s top 40 companies have invested billions of dollars to
acquire most modern machinery.
 Top 10 tyre companies in the world
Bridgestone, Michelin, Goodyear, Somitomo, Pirelli, Hankook, Yokohama,
Maxis international, Hang zhouzhongce, Cooper tire & rubber co.
 Derived demand product = automobile dependent = boom in automobile
industry drivers the impressive growth in tyre industry.
 Raw material &labour intensive; High turnover, low profit margin @ 2 to 3%
 Dependent on NR, steel, crude oil – price rises; cause big cost push pressure on
manufacturers.
 Indian tyrebusinesses also surveysairreplaceableguaranteestructure whereby ‘Pro-
rata’ adjustment is given for developed defects through dealers.
 Exports to over 65 countries World-wide.
 Indian tyre production industry delivers the ‘vital link’ in program of
publicgentleman (through trucks and public transport) and product (through
trucks and LCV’s etc.)
 Indian tyremanufacturingdelivers direct and indirect service to closely 1 million
publics.
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2.10COMPANY PROFIL:
The corporation was integrated as a private Ltd,business in West Bengal in fourteenth, 02- 1951.
Until thirty-first March 1970, The company was involved in the handlingorganization business.
Later the company absolute to carry outindustrializedevents &found a message of intent in 02-
1972 for the production of automobile tyres& tubes.
The message of resolved was renewed into anmanufacturinglicence in 02-1974 for the
production of 4 lakh nos. each automobile tyre and tubes in every year. The company was
changed into a private Ltd, company on 1-04 1974. The businessplan was encouraged by Straw
Products limited and J.K. Synthetics Limited.
The company arrived into mechanicalteamwork with Universal Tyre International Co., U.S.A.,
(Aadditional of Universal Tyre& Rubber Co., U.S.A.) for mechanical facilities for a period of
five years and sales arrangement for the source of mechanical know-how, manufacturing and
documents for functioning services (for a time of eight years from 23-08-73).
Below the teamworkpromise, The Company has the right to use on its goods the wording "Made
in teamwork with Universal Tyre International Co., USA"
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 1982
The company's practicalrelationshipcontract with Universal Tyre International Co., was
changed for aadditional time of five years.
 1987
The completeat work resulted in considerableincomesin spite of a fifty one -days boycott
as well as go slow from forth October. The walkout had from the time when then been
resolute and friendlypayment was touched. Struggles were on to presenting
ainnovativeconfiguration in steel belted radial tyres.
 1988
Fresh steel radial tyres for Mahendra Gypsy and Tata mobile were presented. The
Company planned to incur anspending of Rs.Three hundred lakhs for connection
ofmodern and stylish R&D tools.
 1989
More than a few new arrangements and space of tyres were presentedtogether with a
semi-lug Nylon Truck tyre, all of which were well takes in the market. 1991 - Handeep
Investment, limited, Hidrive Finance Limited., Panchanan Investment Limited & Radial
Finance Limited., J. K. International Limited., Shivdham Properties Limidet& J.K. Asia
Pacific limitedaredivisions of the Company.
 1992
The J.K. International separationextended its events by inaugural its office in Moscow
moreoverbeginning Company's subsidiaries in U.K. &Honkong. The radial tyres for
tractors and corporate launched in the past year were well received.
 1993
Introducing radial tyres `Brute' and `Ultima' were existing. The Company was in the
progression of developed steel belted radial tyres for the valued cars in the Mercedes
Benz, Peugeot, Daewoo race and Opel Astra. A fresharrangementestablished for
automobile `PE-T8' was well received in the market.
 1994
The company retained its step of development, in the face of steep rise in raw resource
and idea costs and competition. The Company achieved an all round cost discount and
achievedadvancedcapabilityutilization at both the tyrebranchs at Jaykaygram and
Banmore.
- The T-rated Ultimatyres introduced for freshage group cars found its agreed in DCM
Daewoo's `Ceilo'. Also J.K. Steel radial was selected for Mercedes Benz India.
- The Company take on to grow steel radials for GM's `Astra'. PAL's `Peugekot' FIAT's,
`UNO' and M & M's `Ford'.
- The Company introduced a best truck tyre `Jet Trak' - 39 which was presented to meet
the need the heavy-duty load market. The fresh tractor rear tyre `SONA' was well
received in the bazaar.
 1996
During this period, a fresh Car tyre "Jet Drive XS", the broadest nylon car tyre for Maruti
800 was presented. Along with fresh semi-lug and heavy weighttyre for trucks, a fresh
lug tyre for wonderful heavy load requests "Jet Trak 39" was also presented. In the Radial
type, "Ultima XR Radial", a terrain tyre was presented. All these goods were well
received in the bazaar.
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- Both the tyre branchesactivated to full capability. In line with JK tyre, the radials
partpresented, the double contact high power and high presentationAquasonic steel radial
car tyre. The unit also established India's 1st
and only H-rated ultima Xs' particularly for
Mercides - Benz Cars.
 2000
The organizationsuggests to lessen its debt by Rs.one twenty five crore in the present
economical from the present level of Rs.Six thirty fivecrore by way of loan repayment.
- The Company and Indian Oil Business have arrived into a marketing agreement for
relating digital air pressure guages and set up deals and services outlets at IOC petrol
stations in the country.
 2001
RaghupatiSinghaniamanagement director of J K Industries as been selected the
nineteenth Chairman of AutomativeTyreProducers Association, the representative form
of tyre industry in India.
 2002
J.K.Industries Limited has informed BSE that CRISIL has allocated a P1+ rating to the
Profitable Paper function of the business.
 2003
J.K. Industries Limited (JKI) has a fresh Marketing Director in Mr Ajay Kapila. Earlier
joining JKI, MrKapila was Eldest Vice-President (Sales and Marketing) at Kinetic
Engineering Limited. He was also Director on board and working head of Kinetic's direct
selling arm-kinetic promotions service area limited.
Bring to an end its completerearrangementworkout of businesses that clues to its start as a
clean automotive tyre company. Along with the de-merger of its non-tyre business, Sugar
and Agri Seeds, into unconnected companies namely JK Sugar Limited and JK Agri-
Genetics Limited, JKI also bring to an end the merger of Vikrant Tyres Limited
-J.K.Industries delists from Jaipur Stock Exchange
-divested its wholly-owned supplementary called J.K. Drugs and Pharmaceuticals
Limited to TEVA Pharmaceuticals of Israel.
 2004
JK Industries Limited has educated that its cares are delisted from Delhi Stock Exchange
Association Limited (DSE) w.e.f. 29 jan2004.
 2007
JK Industries Limited has educated that the title of the Company has been new from "J K
Industries Limited" to "JK Tyre& Industries Limited" w.e.f. April second, 2007.
- Company name has been changed from JK Industries Ltd to JK Tyre& Industries Ltd.
 2008
The company has allotted rights in the ratio of one:3 at a premium of Rs. seventy five Per
Share.
 2009
JSL Ltd publicized huge developmentideasbelow which it would set up 1.6 MT Green
belt plant in Orissa due to which its stainless steel manufacturing capability will rise to
about 2.5 MT by March 2014, thus making it the largest producer in India.
- Jsl Limited has informed that consequential upon situation caused by the sad demise of
Sh. A.K. Jain, Company Secretary of the company on January first, 2009, Mr. Sunil
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Yadav has been selected as Company Secretary of the company w.e.f. January thirteen,
2009. Mr. Sunil Yadav has also been planned as Compliance Officer of the company in
enactment of clause 47(a) of the listing contract.
 2010
JSL Limited has educated BSE that the name of the Company have been new from "JSL
Ltd" to "JSL Stainless Ltd". The Administrator of Companies, NCT of Delhi & Haryana
has issued the original certificate of combination dated August sixth, 2010
consequentialupon change of name
- JSL Limited has educated BSE that the Board of Directors of the Company has selected
Mr. Jurgen Hermann Fechter and Mr. James Alistair Kirkland Cochrane as Additional
Directors w.e.f. March ninth, 2010 by passing the resolutionover and done
withmovement.
- JSL Ltd led by Ratan Jindal is successful to setup a Thirty thousand twenty Mw power
plan in the state of Orissa. The company signed a MoU with the Orissa government for
locality up a super dangerous thermal power plan in the state on Thursday. The plant will
be setup with a total investment of Rs. seven thousand three hundrenden seventy
fivecrore.
 2011
JSL Stainless symbols power purchase agreement with GRIDCO.
- JSL Stainless Limited has educated BSE that the name of the Company have been
different from "JSL Stainless Ltd" to "Jindal Stainless Ltd" with effect from December
seven, 2011. The Administrator of Companies, NCT of Delhi & Haryana has permitted
its sanction on December seventh, 2011.
 2012
The Company has allotted Three lakh sixty four thousand nine seventy two equity shares
of Rs. two/- each to "The Royal Bank of Scotland NV London Division".
 2013
Vikrant Tyre branch has earned the "Golden Peacock HR Excellence Award". -JK
Tyrepresentationsancombined brand campaign.
 2014
JK Tyreselected as a Fantasticproduct for the year. -SAP ACE award 2014” to JK Tyre. -
UX1 discussed with the impressive Auto BildConsultant goods of the Year. -JK Tyre&
Industries has distributed its face value from Rs ten/- to two/
-The Registered Office of the Company has been removed from "seven, Council House
Street, Kolkata- 700 001" To "Jaykaygram, PO - Tyre Factory, Kankroli - 313 342,
Rajasthan”
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17
1
Date of Establishing
14-02 1951
Income 898.267 ( USD in Millions )
Market Cap 25652.604588 ( Rs. in Millions )
Company Address Jaykaygram,Po - Tyre Factory,Kankroli-313342,
Rajasthan
www.jktyre.com
Organization Details Chairperson - RaghupatiSinghania
MD - VikrampatiSinghania
Directors - Arun K Bajoria, VimalBhandari,
KalpataruTripathy, Wolfgang Holzbach,
SunandaSinghania, Bakul Jain, Arvind Singh Mewar
Corporate Operation Tyres& Allied
Financials Overall Income - Rs. 61399.8 Million ( year ending
Mar 2015)
Net Earnings - Rs. 2533 Million ( year ending Mar 2015)
Company Secretary Pawan Kumar Rustagi
Bankers Federal Bank, IDBI Bank, Indian Bank, Punjab National
Bank, State Bank of India, UCO Bank, Corporation Bank,
Bank of India, State Bank of Bikaner & Jaipur
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2.11MISSION AND VISSION:
Mission
 Be a BuyerFixated Company - Buyer 1st
24x7
 No.oneTyreProduct in India
 RecordmoneymakingTyre Company in India
 Encouraged and Devoted team for quality in presentation
 Be a Green Company
 Deliver ImprovedPrice to all shareholders
 Enhance internationalattendance through Acquisition / JV / Strategic Trusts
Vision
 To be among the greatestrespected companies in India, devoted to brilliance
2.12JK TYRES NATIONAL RACING TYRES
The JK TyreCountrywide RacingCompetition also known as JK-NRC is a track
running tournament series comprising of a total of single make series events of open
wheel single seater formula cars and saloon cars in India. This competitionsequence is also
measured to be the moving stone for Indian Racing drivers who want to break into worldwide
motorsports. Few drivers including NarainKarthikeyan, Karun
Chandhokand ArmaanEbrahim have gone on to take part in global events with Formula 1 andA1
Grand Prix and other best racing series around the world.
2.13ACHIVEMENTS AND REWARDS
 Merit Award For Outstanding Marketing, 2009.
 JK Tyre won the National award for quality in Cost Management, 2009.
 CII Energy Organization Award 2009.
 CAPEXIL 'Top' Export Award for the year 2008–2009.
 CII Water Organization Award 2009.
 Rajasthan Energy Conservation Award-2009.
 National Energy Conservation Award-2009.
 JK Tyre- Super Brand 2009-10.
 Hall of Fame- Golden Steering Wheel 2010.
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 CEO of the Year wise award to Dr. RaghupatiSinghania VC & MD.
 JK Tyretakes 'Brand of the Year' Award in 2015.
2.14JK GROUP OF COMPANIES:
 J.K. Organization
 JK Paper LTD
 JK Lakshmi Cement LTD
 J.K. Fenner ( India ) Ltd
 Umang Dairies LTD
 JK Agri-Genetics LTD
 JK Risk Managers & Insurance Brokers LTD
 Clintrix Research Private LTD
2.15COMPETATION OF JK TYRES:
1. Apollo Tyres
2. MRF
3. CEAT Ltd
4. Dunlop
5. Goodyear
6. Yokohama
2.16Research and improvement:
It has an R&D division, Hari Shankar Singhania Elastomer &TyreExamination Institute
(HASETRI) with headquarters at Kankroli below the director's post of renowned scientist, Dr.
Mukhopadhyay. It has 2 more plants 1 in Faridabad and 1 in Chennai. It is known for its state-of-
the-art Finite Element Method, NVH and tyre-testing skills. This R&D ability is 1 of its kind in
Asia. HASETRI is India's 1st
&foremost independent Examination and Testing Center, which
achieves the Nation's need for developing never and better machineries for Elastomer and Tyres.
It is recognized under SIRO (Scientific and Industrial Research Organization) by the Department
of Scientific and Industrial Research (DSIR), Govt. of India. It is also acknowledged by
the Indian Institute of Technology (IITs) & other colleges for registeringforemost to advanced
studies. Apart from the R&D facility there is also a CreationExpansion Cell present in the
Faridabad facility. The Chennai process is a joint initiative of IIT Chennai and JK tyres
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2.17 PRODUCT/ SERVICE:
The products are sold under different brand names.
1. Truck Tyres:
 Jet rib
 Vikrant truck king
 Star lug
 Super T.K
 JT king
 Hi life
 Jet star
 Jet truck
 Sand cum higway
 J T classic
 JETRK
 Truck plus
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2. Light trucks
 Jet rib
 Star lug
 Fleet king
 Truck king
3. O.T.R(of the road)
 VEM 99 E-3 T/L
 VEM 99 E-4 T/T
 VEM 99 SS E-4 T/L
 EGO4 G2 T/T
4. Tubes
 JK tubes
 Vikrant tubes
 Tube V EX
5. Flaps
 Flaps
 JK EXP flaps
 JK RD flaps
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2.18 AREA OF OPERATION:
“JK TYRES” has been popular in beginning its brand name in the worldwide market. It gives
immense pride to india as “JK TYRES” and “Vikrant Tyre” has been rated amongst premium
brands in highly sophisticated global tyres markets.
“JK TYRES” has been popular in launching its brand name in the world market. It gives
immense pride to india as “ JK TYRES” and “Vikrant Tyre” has been rated amongst premium
brands in highly sophisticated global tyre markets. The exports accounts for over 30% of india’s
total tyre export and they sell their products across 60 countries over six continents in whole
world, thus making a leading mark in the industry. In order to meet the growing demand of JK
tyre across the worldwide, the company is enhancing out sourcing activities from china in it’s
own brand.
Today JK tyre products compete with the best international players in the premium international
bias market in more than 68 countries. The export operate through a strong and distribution
network, and our distribution are fully support for it’s product in the US> Europe, south America
and middle east.
VTL rxport its products yo over 68 countries. The major countries include united states of
America, australia, united kingdom and newzeland, hongkong and host middle east, African and
Asian countries.
2.19 SEGMENTS
Various segments to which JKIL – VTL supplierstyre.
1. Original equipment manufactures
2. Replacement market
3. Export
4. State transport undertakings
5. Government { DGS & D – civil &defence}
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Infrastructure and facilities
 Mysore plant -1 - Karnataka
 Mysore plant -2 - Karnataka
 Kankroli - Rajasthan
 Banmore - Madhya Pradesh
2.20 VIKRANT TYRES LIMITED
Vikrant tyres Ltd. {VTL} is located in the area of acres in mysuru. VTL is a most importanttyre
manufacturing company and 1 of the most popular industrial ventures in the state of Karnataka.
In the year 1970 this company was considered as a mutual by the involvement of south Indian
export company pvt Ltd, Chennai with Karnataka state industrial investment and development
corporation Ltd for launching and automobile tyres and tube manufacturing unit athebbal
industrial area in mysuru.
In 1977 the organization was taken over by the government of Karnataka state industrial
investment and development corporation Ltd. The commercial production started from ninetieth
may 1980. During 1985 a plant was setup for manufacturing of radial tyres.
REGISTER OFFICE AT:
“VIKRANT HOUSE”
NO 54, 1ST
MAIN ROAD
V.V MOHALLA,
MYSORE-570001
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2.21 COMPANY STRUCTUTRE
JK industries limited formerly being public sector unit, is a democratic and well organized
structure in itself. The lower level and functional level managers are consulted and consultation
are analyzed before the top management takes any decision.
Task to be performed are assigned to separate functional heads.
JK industries limited adopted the BPR ( business process re-engineering) concepts, its objects.
2.22 ORAGIZATION STRUCTURE
Trainee
Senior officer/engineer
Deputy manger
Senior deputy manger
Manager
Senior manager
Chief Manager
Deputy GeneralManager
General Manager
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Senior general manager
Chief GeneralManager
Assistant vice president
Vice president
Directors
President
2.23 COMPETITORS INFORMATION
Competitors for JK tyres in national market and international market.
Indian Market share in % International Market share in %
MRF 33.75 Michelin 15.2
APOLLO 30.00 Bridgestone 14
CEAT 11.25 Good year 10
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2.24SWOT ANALYSYS OF JK TYRES
Strength
 Very huge distribution network
 Realisticvalue
 Being quality oriented
 Operative employee in JK
 Cost-cutting of scale due to optimalcapability utilization
 Partnership with vikrant,know for their technicaladvantage bringing together
performance, economy, durability and comfort.
 Strong economiclocations
weakness
 Less band awareness
 Less concern about minor car section
Opportunities
 A burgeoning work force rising middle class people
 High growingpossible for itsdistributes as demand for JK tyre in Europe increasing.
 Strong brand image
 Indian clients are primarily value purchaserschallenging a better total package. JK is
poised in a better location than other players in the market to benefit from on this
opportunity
Threats
 Entry of fresh players with never and wellequipment in the minor car tyre segment
 So many close challengers like Apollo, Birla , car , modi , kaizen etc
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2.25 FINANCIAL SATEMENT:
Balance Sheet of JK Tyre and Industries ------------------- in Rs. Cr. -------------------
Mar '15 Mar '14 Mar '13 Mar '12 Mar '11
12 mths 12 mths 12 mths 12 mths 12 mths
Sources Of Funds
Total Share Capital 45.36 41.06 41.06 41.06 41.06
Equity Share Capital 45.36 41.06 41.06 41.06 41.06
Share Application Money 0.00 12.37 0.00 0.00 0.00
Reserves 1,046.12 794.99 700.87 629.54 673.66
Networth 1,091.48 848.42 741.93 670.60 714.72
Secured Loans 2,171.55 1,985.16 1,954.55 1,396.69 692.77
Unsecured Loans 208.83 223.01 265.62 281.35 539.96
Total Debt 2,380.38 2,208.17 2,220.17 1,678.04 1,232.73
Total Liabilities 3,471.86 3,056.59 2,962.10 2,348.64 1,947.45
Mar '15 Mar '14 Mar '13 Mar '12 Mar '11
12 mths 12 mths 12 mths 12 mths 12 mths
Application Of Funds
Gross Block 4,074.32 3,850.82 3,711.64 2,773.27 2,731.01
Less: Accum. Depreciation 1,719.92 1,577.18 1,431.26 1,330.08 1,314.70
Net Block 2,354.40 2,273.64 2,280.38 1,443.19 1,416.31
Capital Work in Progress 697.10 143.32 54.68 749.20 192.14
Investments 92.62 101.76 97.59 100.89 93.56
Inventories 741.62 765.70 809.80 661.54 688.60
Sundry Debtors 1,256.19 1,186.37 916.68 867.36 708.05
Cash and Bank Balance 100.20 177.78 94.66 78.42 85.11
Total Current Assets 2,098.01 2,129.85 1,821.14 1,607.32 1,481.76
Loans and Advances 641.83 471.19 479.49 427.85 335.53
Total CA, Loans & Advances 2,739.84 2,601.04 2,300.63 2,035.17 1,817.29
Current Liabilities 2,192.76 1,923.59 1,627.63 1,874.54 1,467.70
Provisions 219.34 139.58 143.55 105.27 104.15
Total CL & Provisions 2,412.10 2,063.17 1,771.18 1,979.81 1,571.85
Net Current Assets 327.74 537.87 529.45 55.36 245.44
Total Assets 3,471.86 3,056.59 2,962.10 2,348.64 1,947.45
Contingent Liabilities 54.35 701.41 81.48 228.69 490.87
Book Value (Rs) 48.12 203.62 180.70 163.32 174.07
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28
CHAPTER 3
THEORITICAL BACKGROUND OF
THE STUDY
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29
3.1 CUSTOMER SATISFACTION
“Satisfaction is a somebody’sstate of mind of pleasure or dissatisfactionresultant from
relatinggoodspresentation in relating to his or her expectancy.”brown explains buyerfulfillment
as “The state in which buyer need Wants and expectancyall the way through the goods or
services lifeor met or exceed resultant in repeat pick up, loyalty and advantageous word of
mouth”
The meaning of buyer satisfaction has been broadlydisputed as associationmore and moreeffort
to measure it. Customer satisfaction can be knowledgeable in a variability of locations&linked to
both product and services. It is greatlyprivate assessment that is seriously affected by
buyeroutlooks. Fulfillment also is based on the buyer’sknowledge of both interaction with the
association (the “moment of truth” as it a called in business literature) and privateresults. Some
investigates define a contented buyer within the public sectors as “1 who receives
importantadded value” to his/her bottom line –a definition that may happy just as well to private
services.
Buyerfulfillment is aextremelyprivatecalculation that is importantlyprejudiced by singlehope
.some definition are based on the observation that buyer satisfaction or dissatisfaction results
from either the validation or disconfirmation of single expectations as regards a services or goods
to avoid complications stemming from the kaleidoscope of buyer expectation and variances,
some experts huge companies to “concentrate on a goal that’s more closely linked
buyerimpartiality “in its place of asking whether customer are fulfilled, they inspire companies
you regulate how customer hold them responsible.
3.2 WHY ORGANISATION FOCUS TOWARDS ON CUSTOMER SATISFACTION
Businesses guide thebuyer satisfaction in command to determine how to growth their buyer
based, income, wages,, market. Share, customer loyalty and existence. Although largerrevenues
is the driver, exemplary business focus on the buyer happy and see buyer satisfaction as the key
to survival and turnover. Buyer satisfaction in turn hinges on the quality and things of their
capabilities & the product or services they accept.
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3.3 DELIVERING CUSTOMER VALUE AND SATISFACTION
Consumer value is the bundle of profitsclientsassume from a given goods or service. Total
customer cost is the package of costs customerassumes to incur in calculating, gaining and using
the goods. The value chain is a tool for recognizing ways to create more buyer value ever firm is
a gathering of activities that are completed to plan, market, distribute and provision its good
,customer carried value is diffencence between the total buyer value and total consumer price.
Buyer satisfaction is the level of publics felt state resultant from relating a goods perceived
presentation in relation to the person’s anticipation. Thus the fulfillment level is a purpose of the
alteration between perceived presentation and probability .if the performance exceeds the
expectation the consumer is delighted, customer who are just satisfied will find it easy to change
supplier when a better comes along. On the other hand , buyer who are delighted are much ready
to switch as delighted are much ready as creates an sensitive affinity with the band just relational
preferences ,and these create high customer loyalty
The buyer’s satisfaction are dissatisfaction with the goods will effectfollowing behavior if the
buyer is satisfied ,he or she will exhibit possibility of buying the goods and satisfied buyer will
also tend to say good things about the brands to others.
3.4 SIGNIFICANCE OF CUSTOMER SATISFACTION
The modern business environment characterized by increasing competition and therefore
increasing customer choice due to the trends such as.
 It’s a principal indicate of buyer repurchase purposes and loyalty
 It’s a fact of difference
 Buyer lifetime value will be increases
 It decreasesdamaging word of mouth
 It recollect customer than acquire fresh ones
3.5 CUSTOMER RELATIONSHIP MANAGEMENT
CRM as tool was used to generate positive word of mouth, to guidebuyerinvolvements and
generate transfers .A series of CRM events were implemented with regular direct message,
events and buyer satisfaction surveys, festive offers, rewards program, etc
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3.6 BUYER INFORMATION AND EXPECTATION
Business sector investigatespapers a tough relationship between buyer satisfaction and buyer
expectation customer are satisfied or dissatisfied when their expectation are met or not met. If
residence of vulnerable groups haveincompleteexpectancy for quality buyer services, they may
capability less dissatisfaction with the conduct goods they accept. At the same time ,thesuppliers
of neighbourhood product and services are not encouraged to improve the quality of their brand
for buyer satisfaction is low in part because expectations of and demands for buyer service are
small.
With acceptableinfo, encouragement and mechanism for evaluating the services they receive,
buyer’sexpectancy and demands can changes. Resident’s wantsinfo and experiences will rise
their awareness of what constitutes quality services.
If big business and services suppliers do not ask buyer the important questions, clients can ask
themselves and share the information with other consumers.
 Are they happy with product/services they received?
 Did they get what they wanted?
 The service was in a respectful way?
 How can services be better-quality?
3.7 WHY IS CUSTOMER SATISFACTION IMPORTANT TODAY
Fairly often the varianceamongst those that basicallysubsist in business & those that thrive is
protectionwell-informed of &regulating to the alwaysalteringboldness &opportunities of the
business place
There was a time when clients were less work and vocal if not completelyhappy when commerce
with a business. This is not the event today. When the selectionsexisting on anywhere and who to
deal with was narrow. The control belonged to the business owner, customer had now here else
to go and therefore buyerfulfillment was not so significant.
Clients are attractive increasingly more challenging. Less tolerant and very critical when not
having their expectancy met. Clients have lots of selection on where and who to deal with. as a
outcome the power has now shifted to the buyer, if they feel you can not satisfy their expectancy
they will simply vote with their feet and deal with somebody who will.
Market-oriented manufacturing and administrationsliving and expire with fulfillment of their
clients and thus view buyer’sfulfillment as their life line. In these productions, widespread efforts
are made to devicebuyer expectations and feedback to services in aincessant effort to improve,
construct and enlargemarket share. If their buyer are unhappy.Manufacturing know they are
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32
unlikely to survive. If their customer are joyful, the use of their goods and services and the like
hood of biggerrevenuesgrowth
Marketing exports maintain thosefulfilledbuyer are critical profitability because they:
 Be with the company longer as repeat clients
 Depended their relationship with the company
 Determinea lesser amount of price indifference
 Recommended the company’s goods or services to others
Buyersatisfaction is more the present market place than ever past. In the before the business
relished on machinery and goodsinvention for competitive benefit.
With worldwide competition, relentless technical advances and over consolidated. Standardized
chains, companies now battle for differencecompletebuyer service. “Big business attitude must
give way to a business attitude where front line contacts treat customers with dignity.
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33
CHAPTER 4
DATA ANALYSIS AND
INTERPRETATION
Page
34
The study is about the “customer satisfaction towards on JK tyres”. It is based on data collection
from both the primary and secondary source. Primary data has been composed with the help of
the structured questionnaires. The sample size of the respondent selected was 50. Questionnaires
was used to collect the response of the respondent interview were also conducted with the
respondents and observation method was also used to have the better idea of the attitude of the
respondents. This survey revealed the following aspects. Gender, age, education qualification has
been tabulated below.
GENDER
Table no :4.1
GENDER RESPONDENT PERCENTAGE
MALE 46 92%
FEMALE 4 8%
TOTAL 50 100
The above table shows that 92% are belongs to male respondents and 8% are female respondents
Chart no: 4.1
GENDER
From the above diagram we can interpret that popularof defendants belongs to the male category
male
92%
female
8%
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35
AGE
The age information is being collected to know which age group people uses and have interest in
cars. This information is collected in part A of the questionnaire.
Table no: 4.2
Sl no Age group Respondents Percentage
1 15-30 19 38%
2 30-45 21 42%
3 45-60 10 20%
4 60 and above 0 0%
Total 50 100
The above chart shows that clearly 15-30 years age group respondents are 38%, 30-45 age group
respondents are 42%, 45-60 age group respondents are 20% and 60 and above respondents are
0%.
Chart no: 4.2
AGE
Here we can interpret that majority of the respondents belongs to the age group of 30-45 years.
15-30
38%
30-45
42%
45-60
20%
60 and above
0%
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36
EDUCATIONAL QUALIFICATION
The educational qualification information is being collected to the qualification of respondents.
This information is collected in part A of the questionnaire.
Table no: 4.3
Sl no Educational qualification Respondents Percentage
1 SSLC 3 6%
2 PUC 12 24%
3 Graduate 26 52%
4 Post graduate 9 18%
Total 50 100
The above table shows that 6%,respondents education is up to SSLC, 24% respondents
education is up to PUC, 52% respondents are GRADUATE, 18% respondents are POST
GRADUATE.
Chart no: 4.3
EDUCATION QUALIFICATION
On the basis of above analysis we can interpret that majority of respondents educational
qualification is graduate
SSLC
6% PUC
24%
Graduate
52%
Post graduate
18%
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37
Why do you prefer J K tyres ?
The information is collected to know why the respondents prefer J K tyres.
Table no: 4.4
Sl no Particular Respondents Percentage
1 Quality 30 60%
2 Price 8 16%
3 Service 6 12%
4 All the above 6 12%
Total 50 100
The above tabletop shows that 60% of defendants prefer quality, 16% of defendants prefer price,
12% of respondents prefer service and 12% of respondents prefer all the above factors.
Chart no: 4.4
PREFER’S OF JKTYRES
From the above table we can interpret that majority of respondents prefers quality of J K tyres.
Quality
60%
Price
16%
Service
12%
All the above
12%
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38
How about the qualities of tyres and sales organization service?
This information is collected to know how the quality of tyres and sales organization service
performs
Table no: 4.5
Sl no Particular Respondents Percentage
1 Good 39 78%
2 Better 7 14%
3 Average 4 8%
4 Not good 0 0%
Total 50 100
The overhead chart shows that 78% of respondents, enhance the quality of tyres are good, 14%
of respondents
Chart no: 4.5
QUALITY OF JK TYRES
The above diagram shows that popular of defendants enhance the quality of tyres are good.
Good
78%
Better
14%
Average
8%
Not good
0%
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39
Do you think the quality of JK tyres is consistent?
This information is collected to know the quality of JK tyres.
Table no: 4.6
Sl no Option Respondents Percentage
1 Yes 47 94%
2 No 3 6%
Total 50 100
From the overhead chart it is clear that 94% defendants agreed the quality of tyres is consistent,
6% of respondents disagreed with the quality of consistent of JK tyres.
Chart no: 4.6
QUALITY OF JK TYRES IS CONSISTENT
The above chart reveals that more number respondents agree with quality of JK tyres is
consistent.
Yes
94%
No
6%
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40
Are you satisfied with the current price of the JK tyres ?
This information is collected to know the satisfaction of the current price of towards JK tyres
Table: 4.7
Sl.no particular Respondents Percentage
1 Yes 38 76%
2 No 12 24%
Total 50 100
From the overhead chart it is clear that 76% of respondent are satisfied with the current price of
JK tyres and remaining 24% of respondents are not satisfied with the current price of JK tyres
Chart no: 4.7
CURRENT PRICE ON JKTYRES
The above chart shows that the maximum number of respondents is satisfied with the current
price of JK tyres.
Yes
76%
No
24%
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41
Do you believe that “Higher price indicates higher qualities?
This information is collected to know the price and quality of JK tyres.
Table no: 4.8
Sl.no particular Respondents Percentage
1 Yes 35 70%
2 No 15 30%
Total 50 100
From the overhead chart it is clear that 70% of defendants are agreed with the price and quality
of JK tyres and 30% of respondents disagreed with the price and quality of JK tyres.
Chart no: 4.8
HIGH PRICE INDICATES HIGHER QUALITY
From the above pie chart we can interpret that maximum respondents are satisfied with the
higher price indicates higher quality.
Yes
70%
No
30%
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42
What are the factors which influence you to purchase a JK tyres ?
This information is collected to know which brand of car respondents are planning to buy. This
information is collected in part B of the questionnaire.
Table no: 4.9
Sl.no Particulars Respondents Percentage
1 Qualities 26 52%
2 Brand 03 06%
3 price 18 36%
4 Durability 0 00%
5 All of the above 03 6%
Total 50 100
The overhead chart shows that 52% of defendants are prefer quality to purchase JK tyres, 6% of
respondents are prefer brand while purchasing the JK tyres, 36% of respondents prefer price of
JK tyres, 0% of respondents are won’t prefer durability and 6% of respondents are prefer all of
the above while purchasing JK tyres.
Chart no: 4.9
FACTORS INFLUENCE TO PURCHASE JK TYRES
Here we can interpret that maximum respondent go with the quality of the JK tyres.
Qualities
52%
Brand
6%
price
36%
Durability
0%
All of the above
6%
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43
What is your opinion about JK tyresservice providing by?
This is information is collected to know the opinion about the service of JK tyres
Table no: 4.10
Sl.no particulars Respondents Percentage
1 Excellent 28 56%
2 Bad 01 2%
3 Good 20 40%
4 Average 01 2%
Total 50 100
From the overhead chart shows that 56% of defendants’ opinion is excellent, 2% of defendants
opinion is bad, 40% of respondents opinion is good and 2% of respondents opinion is average
towards service of JK tyres.
Chat no: 4.10
OPINION ABOUT JK TYRES PROVIDING SERVICE
From the above chart we can interpret that maximum respondents are opinion excellent service
of JK tyres.
Excellent
56%
Bad
2%
Good
40%
Average
2%
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44
How often do you typically use the product?
This information is collected to know how often the respondents use the product.
Table no: 4.11
Sl.no particulars respondents Percentage
1 Once in year 05 10%
2 Every six month 01 2%
3 One & half year 40 80%
4 Others 04 8%
Total 50 100
From the above table shows that 10% of respondents uses once in a year, 2% of respondents uses
every 2 to 3 months, 40% of respondents uses daily and 8% of respondents go with the other
option.
Chat no: 4.11
USES OF PRODUCT PERIOD
From the above chart we can interpret that maximum respondents are uses the product daily.
Once in year
10%
Every 2 to
3 months
2%
Daily
80%
Others
8%
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45
Do you keep contacting with the customer service about the tyres?
This information is collected to know how respondents are satisfied the contacting with the
customer services on the JK tyres.
Table no: 4.12
SL no Particular Respondents Percentage
1 Yes 44 88%
2 No 6 12%
Total 50 100
From the overhead chart it is clear that 88% of defendants agreed the contacting with the
customer service about JK tyres and 12% of respondents are disagreed about the customer
service level of JK tyres.
Chart no: 4.12
CUSTOMER SERVICE ABOUT THE JK TYRES
From the above chart we can interpret that maximum respondents are accept the level of
contacting customer service is very good from the JK tyres.
Yes
88%
No
12%
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46
Based on your passed experience would you like to purchase JK tyres again?
This information is collected to know how respondents passed experience about JK tyres.
Table no: 4.13
Sl no: particular Respondents Percentage
1 Yes 40 80%
2 No 10 20%
Total 50 100
From the overhead chart it is clear shows that 80% of defendants have good experience about JK
tyres so they ready to go with the JK tyres products and 20% of respondents are dissatisfied
aboutthe passed experience about the JK tyres.
Chart no: 4.13
PAST EXPERIENCE ABOUT THE JKTYRES
From the above chart we can interpret that maximum respondents are accepting there passed
experience has been good so they ready to go with the JK tyres products.
Yes
80%
No
20%
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47
Would you recommend this product to your friends about JK tyres ?
This information is collected to know how respondents whether the customers recommend JK
tyres to relatives and friends.
Table no: 4.14
Sl no. Particular Respondents Percentage
1 Definitely will 33 66%
2 Probably will 00 00%
3 Probably will not 12 24%
4 Definitely will not 05 10%
Total 50 100
From the overhead chart it is clear shows that 66% of defendants will definitely recommend to
others, 0% respondents probably will recommed the product, 24% of respondents probably will
not recommend the product and 10% of respondents definitely will not recommend product.
Chart no: 4.14
RECOMMEND THIS PRODUCT TO YOUR FRIEND
From the above chart we can interpret that maximum respondents are will definitely recommend
the product to others.
Definitelywill
66%
Probably will
0%
Probably will
not
24%
Definitelywill
not
10%
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48
Rate your satisfaction level with the new radial tyres ?
This information is collected to know what is the satisfaction level of new radial tyres.
Table no: 4.15
Sl no. Particular Respondents Percentage
1 Strongly agree 22 44%
2 Agree 10 20%
3 Un decided 00 0%
4 Disagree 10 20%
5 Strongly disagree 08 16%
Total 50 100
From the above table it is clear shows that 44% of defendants are strongly agree with the new
radial tyres, 10% respondents are agree with the new radial tyres, 00% of respondents are
undecided with the new radial tyres, 20% of respondents disagree with the new radial tyres and
16% of respondents are strongly disagree with the new radial tyres.
Chart no: 4.15
SATISFACTION LEVEL OF THE NEW RADIAL TYRES
From the above chart we can interpret that maximum respondents are strongly agree with the
new radial tyres.
Strongly agree
44%
Agree
20%
Un decided
0%
Disagree
20%
Strongly
disagree
16%
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49
Are you satisfied with the service you received/accessed in the past 12 months?
This information is collected to know service quality provided by JK tyres in past 12months.
Table no: 4.16
SL no: particular Respondents Percentage
1 Yes 46 92%
2 No 4 8%
Total 50 100
From the overhead chart it is clear shows that 92% of defendants are happy with the service
provided by the JK tyres in past 12 months, 8% of respondents are unhappy with the service
provided by the JK tyres in past 12 months.
Chart no: 4.16
SATISFACTION LEVEL OF SERVICE RECIVED IN PAST ONE YEAR
From the above chart we can interpret that maximum respondents are happy with the service
provided by the JK tyres in past 12 months.
Yes
92%
No
8%
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50
Are you satisfied with the way of supporting staff resolved your recent problem?
This information is collected to know hoe the supporting staff resolve the quarries in recent
period.
Tableno :4.17
Sl no: Particular Respondents Percentage
1 Strongly agree 43 86%
2 Agree 00 0%
3 Un decided 00 0%
4 Disagree 00 0%
5 Strongly disagree 7 14%
Total 50 100
From the overhead chart it is clear shows that 86% of defendants are strongly agree with the
service of supporting staff, 0% of respondents are agree service of supporting staff, 00% of
respondents are very un decided with the service of supporting staff, 0% of respondent are
disagree with the service of supporting staff and 14% of respondents feel better service of
strongly disagree about supporting staff.
Chart no: 4.17
SATISFACTION LEVEL OF SUPPORTING STAFF
From the above chart we can interpret that maximum respondents are strongly agree with the
service of supporting staff.
Strongly agree
86%
Agree
0%
Un decided
0%
Disagree
0%
Strongly
disagree
14%
Page
51
Do you think JK tyres fulfill the warranty terms and period with the customers?
This information is collected to know whether the JK tyres fulfill the warranty terms and periods
with the customers.
Table no: 4.18
Sl no. Particular Respondents Percentage
1 Very good 19 38%
2 Good 21 42%
3 Average 10 20%
4 bad 00 00%
Total 50 100
From the overhead chart it is clear shows that 38% of defendants are felling very good in
fulfilling the warranty terms and periods with the customer, 42% of respondents are felling good
fulfilling the warranty terms and periods with the customer, 20% of respondents are felling
average in fulfilling the warranty terms and periods with the customer and 0% of respondents
felling bad in fulfilling the warranty terms and periods with the customer.
Chart no: 4.18
WARRANTY PERIOD
From the above chart we can interpret that maximum respondents are feel good in fulfilling the
terms and conditions by the JK tyres.
Very good
38%
Good
42%
Average
20%
bad
0%
Page
52
How do you measure JK tyres performance in manufacturing tyres internally the best in
the organization?
This information is collected to know the performance of the production department of the JK
tyres.
Table no: 4.19
Sl no. Particular Respondents Percentage
1 Very Good 35 70%
2 Good 00 00%
3 Average 15 30%
4 Bad 00 00%
Total 50 100
From the overhead chart it is clear shows that 70% of defendants are feel very good to the
production of JK tyres, 0% of respondents are feel good to the production of JK tyres, 30% of
respondents are feel average to the production of JK tyres and 0% of respondents are feel bad to
the production of JK tyres
Chart no: 4.19
PERFORMANCE OF MANUFACTURING
From the above chart we can interpret that maximum respondents are feels good to the
production of JK tyres.
Very Good
70%
Good
0%
Average
30%
Bad
0%
Page
53
To what extent the JK tyres has satisfied your purpose/need?
This information is collected to know dose the JK tyres full fill the purpose are need of the
customers.
Table no:4.20
Sl no. Particular Respondents Percentage
1 Strongly agree 30 60%
2 Agree 10 20%
3 Un decided 00 00%
4 Disagree 10 20%
5 Strongly disagree 00 00%
Total 50 100
From the above table it is clear shows that 60% of respondents need and purpose are strongly
agree, 20% of respondents need and purpose are agree and 00% of respondents need and
purpose are undecided,20% of respondents need and purpose are disagree and 00% of
respondents need and purpose are strongly disagree.
Chart no: 4.20
NEED AND PURPOSE OF SATISFACTION LEVEL
From the above chart we can interpret that maximum respondents need and purpose are satisfied.
Strongly agree
60%
Agree
20%
Un decided
0%
Disagree
20%
Strongly
disagree
0%
Page
54
Overall how satisfied are you with the company tyres?
This information is collected to know the overall satisfaction level of the company tyres.
Table no: 4.21
Sl no. Particular Respondents Percentage
1 Strongly agree 31 62%
2 Agree 19 38%
3 Un decided 00 00%
4 Disagree 00 00%
5 Strongly disagree 00 00%
Total 50 100
From the above chart it is clear shows that 62% of defendants are strongly agree, 38% of
defendants are agree. 0% of defendants are undecided, 0% of defendants are disagree and 0% of
defendants are strongly disagree.
Chart no: 4.21
SATISFACTION ABOUT THE COMPANY
From the above chart we can interpret that maximum respondents are overall satisfied.
Strongly agree
62%
Agree
38%
Un decided
0%
Disagree
0%
Strongly
disagree
0%
Page
55
Do you think JK tyres are facing high competitors?
This information is collected to know the having high competitors of JK tyres.
Table no: 4.22
Sl no. Particular Respondents Percentage
1 Yes 44 88%
2 No 06 12%
Total 50 100
From the overhead chart it is clear shows that 62% of defendants are satisfied, 38% of
respondents are dissatisfied. 0% of respondents are fully satisfied and 0% of respondents are
fully dissatisfied.
Chart no: 4.22
FACING HIGH COMPETITORS
From the above chart we can interpret that maximum respondents are agreed JK tyres have high
competitors.
Yes
88%
No
12%
Page
56
Are you comfortable with the performance of JK tyres in your vehicle?
This information is collected to know comfort level with the performance of JK tyres.
Table no: 4. 23
Sl no. Particular Respondents Percentage
1 Yes 46 92%
2 No 4 8%
Total 50 100
From the overhead chart it is clear shows that 92% of defendants are comfortable with the JK
tyres. 8% of respondents are not comfortable with the JK tyres.
Chart no: 4.23
COMFARTABEL OF PERFORMANCE
From the above chart we can interpret that maximum respondents are comfortable with the
performance of JK tyres.
Disagree
56%
Strongly
disagree
44%
Page
57
Would you like to suggestions in improving the JK tyres?
This information is collected to know the suggestion given by the customers.
Table no: 4.24
Sl no. Particular Respondents Percentage
1 Yes 40 80%
2 No 10 20%
Total 50 100
From the overhead chart it is clear shows that 80% of defendants are given suggestion to the
company and 38% of respondents are not responded for given suggestion to the company.
Chart no: 4.24
SUGGESTION GIVEN
From the above chart we can interpret that maximum respondents are given suggestion to the
company
Yes
80%
No
20%
Page
58
CHAPTER 5
FINDINGS/SUGGESTIONS/
CONCLUSIONS
Page
59
FINDINGS
 According in to survey of 50 customers, 92%% of defendants are male and remaining 8%
of respondents are female.
 Majority of respondents are the age of 30 -45 are using jktyres around 42% out of 100%.
 52% of respondents are graduates are using jktyres.
 60% of respondents are go through with the quality of the jktyres.
 94% of respondents are go through the quality of jktyres is consistent.
 76% of respondents are satisfied with current price of jktyres.
 70% of respondents are believe high price indicates higer quality of the jktyres.
 56% of respondents opinion about jktyres is excellent.
 80% of respondents are typically use the product one & half year in once.
 88% of respondents are keep contacting with the customer service about the jktyres.
 80% of the defendants are would like to purchase jktyres again based on their passed
experience.
 66% of respondents are definitely will recommend their friends to buy the jktyres
 44% of respondents are satisfied with the new radial tyresjktyres.
 92% of defendants are satisfied with providing service of the jktyres.
 42% of defendants are feel the warranty terms and period of thejktyres is good.
 60% of respondents are strongly agree the jktyres has satisfied there purpose and needs
feel good.
 62% of respondents are over all satisfied with the company tyres.
 88% of respondents are thinking the jktyres are facing high compitators.
 92% of respondents are comfortable with performance of jktyres.
 80% of respondents suggestion was improving the jktyres (quality.service,customer
satisfaction etc).
Page
60
CONCLUSION
 Awareness level of “JK TYRE” in mysore city is 94% hence majority of the respondents
are aware of “JK TYRE”.
 Quality, durable and performance are the attributes the creates customer satisfaction
among “JK TYRE” in mysore city.
 Customer satisfaction level is higher with 92% of fully satisfied and 8% of satisfied
customers.
 Awareness about “JK TYRE” care center is high, respondents opinion that there is a
sufficient number of care center they are highly satisfied with “JK TYRE” care center.
 In mysuru city the jktyres are facing the high competitors. Like (MRF,APOLLO,CEAT
etc)
 Customers are satisfied with the new radial tyresof jktyres.
Page
61
SUGGESTION
 Some customer are not satisfied with service and the current price of the JK tyre,
company needed to work on it.
 During my survey many of the customer expect claim police for their tyres in the car
segment, so it is good for the company if it move forwarded regarding claim policy.
Page
62
Bibliography:
1. AlicaBarroso, “AVERTISING AND CONSUMER AWARENESS OF A NEW
PRODUT”, job market paper, (November 2007)
2. Alicia Barroso and Gerard lobet, “ ADVERTISING AND CONSUMER AWARENESS
ON NEW, DEFFERENTIATED PRODUCTS”, CEMFI working paper no. 1104,
(October 2011)
3. Muhannan M.A Abdallat, heshamei-emam, “ customer satisfaction “, journal by king
saud university
4. Willard hom, “ AN OVERVIEW OF CUSTOMER SATISFACTION MODELS “,
journal of California community colleges
5. Joan L. gieses, joseph A. cote, “ DEFINING CONSUMER SATISFACTION”, journal
release by academy of marketing svience review, washinton state university, vol.2000
no.1 (2002)
6. Josses mugabisamaliemutuwa ,” CUSTOMER SATISFACTION” , research paper,
(august 2009)
7. Ira kerns. “ HOW TO DEVELOP AN EFFECTIVE CUSTOMER SATISFACTION
SURVEY”, research paper release by guidestar research ( December 2005)
8. Tire business magazine
Company website : www.jktyre.com
Page
63
CHAPTER 6
ANNEXTURE
Page
64
QUESTIONNAIRE
I am Karthik. H. S pursuing Master of Business Administration in Visvesvaraya Technological
University, Post Graduate centre, Mysore. As a part of academics, I am doing a project on
“Customer Satisfaction towards JK Tyres, so kindly provide the appropriate information for the
following questionnaire.
Thank you.
Part A:
1. Name: _______________________________________
2. Gender :
a. Male b. Female
3. Age:
a. 15 to 30 c. 30 to 45
b. 45 to 60 d. 60 and above
4. Qualification :
a. SSLC c. Degree
b. PUC d. Master degree
PART B:
5. Why do you prefer JK Tyres?
a. Quality c. Service
b. Price d. All the above
6. How about the qualities of Tyres and sales organization service?
a. Good c. Average
b. Better d. Not good
7. Do you think the quality of JK Tyres is consistent?
a. Yes b. No
Page
65
8. Are you satisfied with the price of the tyres?
a. Yes b. No
9. Do you believe that “Higher price indicates higher qualities?
a. Yes b. No
10. Are you satisfied with the current price of JKTyres ?
a. Yes b. No
11. What are the factors which influence to purchase a JK Tyres?
a. Qualities c. Price
b. Brand d. Mileage e. All
12. What is your opinion on service provided by JK tyres?
a. Excellent c. Good
b. Bad d. Average
13. How often do you purchase product of JK tyres?
a. Once in year c. Every six months
b. One & half year d. Others______________________
14. Have you keep contacting the customer service about the tyres?
a. Yes b. No
15. Based on your past experience would you like to purchase JK Tyres again?
a. Yes b. no
16. Would you recommend this product to your friends about JK Tyres?
a. Definitely will c. Definitely will not
b. Probably will d. Probably will not
17. Rate your satisfaction level with the new Radial Tyres?
a. Strongly agree c. Undecided
b. agree d. Disagree e. Strongly disagree
Page
66
18. Are you satisfied with the service you received/accessed in the past 12 months?
a. Yes b. No
19. Are you satisfied with the way the supporting staff resolved your recent problem?
b. Satisfied c. Very satisfied
c. Dissatisfied d. Better
20. Do you think JK Tyresfulfil the warranty terms and period with the customers?
a. Very good c. average
b. Good d. bad
21. How do you measure JK Tyres performance in manufacturing Tyres internally the best in the
organization?
a. Very good c. Average
b. Good d. Bad
22. To what extent the JK Tyres has satisfied your purpose/need?
a. Strongly agree c. Undecided
b. agree d. Disagree e. Strongly disagree
23. Overall how satisfied are you with the company tyres?
a. Strongly agree c. Undecided
b. agree d. Disagree e. Strongly disagree
24. Do you think JK Tyres are facing high competitors?
a. Yes b. No
25. Are you comfortable with the performance of JK Tyres in your vehicle?
a. Yes b. No
26. Would you like to suggestions in improving the JK Tyres?
a. Yes b. No
Page
67
If yes, specify
_____________________________________________________________________
_____________________________________________________________________
___________
Thank you Signature
Date:
Place:

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customer satisfaction

  • 1. Page 1 EXECUTIVE SUMMARY The study was conducted to know the customer satisfaction level and its effectiveness towards JK TYRES Mysuru. This study helps the company to realize the factors which affect customer satisfaction and also to bring out the opinions of customers and consumer. Finally, the study draws inferences from the findings, which help the company to formulate relevant strategies to better understand the satisfaction level of each customer. By understanding the customer satisfaction and its effectiveness the organization can come up with various strategies that full fill the customer satisfaction to have an idea about to creating the new plans to satisfied the customer. The system and also it effects for the organization in achieving its goal. The study also helps in formulating new ideas for developing new strategies. To fulfill the above said objectives of the study responses were collected from existing customers. The survey includes a sample size of 50 employees. The responses were obtained by directly interviewing the respondents using a structured questionnaire. After the data had been collected through questionnaires, it was tabulated. Question-wise tables, charts and inferences have been clearly mentioned in the data interpretation part of this report. Inferences were drawn based on the scores associated with various issues. Interpretation has been graphically shown in a comprehensive manner for effective understanding. Through this study the researcher has identified that most of the respondents are satisfied with the current price, quality, services ETC. from the JK tyres. The satisfaction level of customer hole system and some of the respondents have the problem of their demands and wants So, the organization need to face on it.
  • 3. Page 3 1.1 INTRODUCTION ABOUT THE INTERNSHIP The internship program is intended to offer students involved in a groundinformation with an chance to part their visions, to discover the links between students' theoreticalgroundwork and their field work, and to assist members in emerging and resounding out the major investigationscheme which will serve to conclude their placement experience. The programs as been conducted at JK TYRE which is a tyre manufacturing company. This study made helpful for the company to make their decision during investments in build a awareness through varies promotions and also while considering the attributes which leads to customer satisfaction To conclude this project as given me practical experience in study of organization.it was a great experience working, where I learn many things about functioning of an organization in accordance with the present market trends. The internship programs as provided with us  An opportunity to put onhypotheticalthoughts in actuallifespancircumstances at the work place.  Sensitivity to the shades of businessphilosophy and acquaint them by the businesscipher of performance.  An opportunity to improveterritoryinformation and offer cross purposeful skills. 1.2 TOPIC CHOOSEN FOR THE STUDY “A STUDY ON CUSTOMER SATISFICATION TOWARDS JK TYRESLtd MYSURU” 1.3STATEMENT OF PROBLEM The problem is lack of information about what the buyerrequirements in term of products, price, brand, place, and promotion. To discover the issues confronted by the clients and to know the new range change with the assistance of client feedback. Through this venture, the deals and operations supervisor need know the post deals administration execution and criticisms of the purchases.
  • 4. Page 4 1.4PURPOSES OF THE LEARNING  To identify the buyerfulfillment level towards “JK TYRES” in mysurucity.  To know the attributes which creates customer satisfaction about “JK TYRES” in mysuru city?  To study about “JK TYRES” care center in mysuru city.  Strategies adopted by “JK TYRES” to build customer loyalty 1.5SCOPE OF THE STUDY  The learning is virginallycentered on the server lead in mysuru city and has absorbed on customer.  The learning includes the dataaround the attentionusual which might vary condition&wherever the defendantsmight not be clever to give essential and exact information 1.6LITERATURE REVIEW Alicia barosso (2007) The study on increasing sales of new products is frequentlycredited to buyerBecomingup- to-datearound the reality of the product. Publicity can hurry this buyerbuyingchoice is identified using a separateprimeidealthroughdifference in the prime set. According to the infodispersal of the freshgoods. The consequencespropose that publicity significantly improve the info of freshgoods and that firm revenue into account in their publicityjudgment this dynamic forces. The approximationsdisplay that publicitydecreases the three year it incomes for the infodistribution of a fresh goods to half as long. theconclusion of publicity on awareness is dynamic and that accounting for it is critical in explain the progression of goods sales over its life rotation.
  • 5. Page 5 Gerard Llobet (2011), Buildingbuyerfulfillment is a self-justifyingpolicy and the social objective for protection is buyer loyalty (fornell, 1992). Fornellconversed that buyerfulfillment will be in influenced if the demand and supply are dissimilar. Fulfillment will be little when the buyer demand is heterogeneous and the supply is similar. To recallbuyer, interchanging barrier and buyerfulfillment are the two basic methods which needed to be satisfied. Interchanging barriers make it costly for buyer to change to participants and buyer fulfillment. Muhannad M.A Abdallat and Hesham EI-Sayed EI-Emam The concept of buyerfulfillment as involved much care in recent years.Association that right to examine this ideawould begin with anminimizing of several buyer fulfillment models. Such copies clarify severalmodels about buyer fulfillment, making investigation and study in this topic more focused and less waste full of research resources. Macro- models of buyer satisfaction concepts the place of customer fulfillmentamongst a set or related theory in marketing research. Micro-models of buyer fulfillment ideas the elements of customer satisfaction.(WILLARD HOM). JOAN l. Giese and Joseph A. Cote, 2002  By a timesparticulartopic of strength of character and limited period The examinermustchoice the idea of strength of charactermaximumrelated for examinerinquiries and recognize the probableperiod of the summery answer.  Heading for towards important aspects of a manufactured goods acquisition or consumption the examinermustwithout doubt the focus of interest created on the managerial or examination question there face. A survey was made on attributes of customer satisfaction and the results of the examinationpresented that on average buyer attach high significance to all he facilityqualitiesrecognized in severalexamination. How ever customers level of scarification is reasonable for most of the qualities, excepting office environment,
  • 6. Page 6 converts of bill payment procedures and customer care. More over are normallylesser than purchaser service related qualities, involving that the scope for development lies in addressing to the practical quality lengths for our facility. Josses Mugabi and SamalieMutuwa, 2009 Basic and operative base line customer satisfactionexaminationpackagewouldmotivation on calculating customer responses. Exactly how well does your company transportation on the dangerous success issues and capacities of the commercial as support by the buyer? For example, is yours examinationswift and is your man courteous? How receptive&accepting of the buyer’s problem are your representatives’? The answers of company presentationmust be examined both with all your buyers’ as well as key sections. 1.7RESEARCH METHOD SOURCES OF DATA  PRIMARY DATA:The primary documentswascomposedon or after the uniquebasis by examination is called primary data.  SECONDARY DATA: In means documents that are previouslyexisting. If raises to the documents which have previouslypresence collected and examined by somebody else. The documents was collected from the website and papers.  Sampling method Simple random sampling method is used in this research  Sampling size: 50 customers 1.8 LIMITATIONS OF STUDY  The study is confined only to the customers if mysuru city.  Time constraint.  Due to time constraint,this study is limited to a small project reporter
  • 7. Page 7  This study is limited to only general factors influencing purchasing of tyres not specific factors like social, personal, psychological, culture, etc.  The project is open for further improvement of the work. CHAPTER 2 INDUSTRY PROFILE AND COMPANY PROFILE
  • 8. Page 8  2.1 INDUSTRY PROFILE: The Rubber Industry in the world made its beginning in 1887. It was because of the invention of the prosing of the rubber, vulcanization by Charles Goodyear. The growth of the industry however received a good boost by century end when john Boyd Dunlop prospered in creating of vulcanized vulcanized rubbertyres into expandable inflatabletyres. From the time when then the tyreproduction has continued to be a major section. Foam rubberproduction all over the world. Even in India, automobile tyre and tubes account for a main part of India rubber manufactured goodsproduction. 2.2 THE HISTORY OF THE TYRE MANUFACTURING: The following records the expansion of the tyre as we know it today. R.W. Thomson created and patented the InflatedTyre in 1845. His 1st strategy used aamount of thin inflated tubes confidential a leather cover. This planreally had its rewardsfinishedfutureplans. It would revenueextra than 1 hole to deflate the entiretyre, and changing the gravitiesmight after the drivecircumstances. It remainedpending the dawn 19th century, 1888 to be specific, that John Boyd Dunlop created the rubber InflatedTyre. Even though these technical innovations the solid India rubbertyrecontinuous to be the leadingtyre and it existed not until 1889 that the Pneumatic tyre caught on. Dunlop first publicized his tyres in 12th month of the year 1888 in “The Irish Cyclist”, and in May of the behind year had its 1st haltcomplete. A Belfast cycle Race was won on Pneumatic rubber tyres and by now the community was initial to take note. Unluckily the uniquetyre has its negatives. The internal tube was problematic to get at for the reason that the tyre was fixed to the wheel. In 1890 CK Welsh original the plan of a wheel rim and external cover with inextensible lip. By now we had the basics for today’s tyre. Over the year the tyre has technologically advanced into today’s high technology assistances. 2 of the greatest important mechanicalgrowthsconsist of Michelin’s making of a radial tyre, with its vastly bigger grip, in 1948, and the enlargements when Dunlop did away with the internal tube on car tyres in 1972. Periodtakes given motorizedmanufacturingtyres the ability of severaldissimilar requests. This series from high speedinesscompeting, tyres to supply a relaxed ride, have a relation puncture resistance, and wear out and operationalpresentation. The position of a tyre must not be taken for decided. After all tyre is the only fact of interaction with the road.
  • 9. Page 9 The tyre industry has changed from the additionalsimple play to the more stylish radial. Nylon cords that import smallweightiness and extrastrong point, to the tyres have also exchanged cotton ply. This production is powerfully linked to the automobile sector. This production is also driven by farming activities that take place in the area, as these 2 have an impact on the transportationdivision. 2.3 History of the Indian tyre industry could be classified into 4 periods:  1920 to 1935 {multinational trading in tyre}  1935 to 1690 {multinationals manufacturing era}  1961 to 1974 {broadening of production base} Trading tyres in India was first started in 1920 by Firestone, forward by Good year in 1922 and later Dunlop in 1926. Dunlop setup the first tyre at saharganj, West Bengal, in the year 1936. Firestone setup a factory at Mumbai. At present there are 20 licensed companies and 24 factories with 11 large companies manufacturing the full range of tyres and tubes. The Indian tyre companies are having large collaboration with tyre companies of U.S.A, U.K., West Germany and Japan. Significant changes occurred in the tyre manufacturing process, changeover from rayon to nylon and introduction of radial tyres of both steel belt and fibre glass are most important. The hot cure conventional rethreading process is replaced with cold cure rethreading process. The truck and bus tyre mileage and load carriage capacity has gone up by 25%. The tyre industry is Rs.3500 Crore plus which manufacture tyres for truck and buses, light trucks, jeeps, cars, tractors trailer, power tillers, scooter, motor cycle, moped, cycle, earth moving equipment’s and dumpers, aircraft and special defence vehicles. The large tyre unit in India Apollo, Bombay tyre International, ceat, Madras Rubber Factory (MRF), Dunlop, Goodyear, JKtyre, Birla Tyre, & Vikrant tyre etc. The company that manufacture tyres for primarily for the two wheeler are TVS Srichakar, Falcon Metro Tyres, Ceat MRF, Stallion and S.Kumar’s. The tubes are manufactured from natural rubber as well as imported butyl rubber. Tyre inner tubes are covered under packaged commodities act. The Government for the tyre industry setup various committees. Way back in 1955, the tariff commission was setup. The major trust of the commission report was the decentralization of the tyre industry. Between 1975 and 1985 the Government referred to Bureau of industry cost and price {BICP} five timers for cost and price study of tyre industry. But, the studies of the BICP were not made public. In May 1974 the Government setup a committee on tyre industry with Mr. M. Satyapal as chairman. This committee submitted its report to the government in 1985. Report has not been published.
  • 10. Page 10 Dunlop, MRF, Ceat, Apollo and Modi rubber dominates the industry together accounting for much as 60% of the total output. Among individual companies, MRF is moving into aircraft tyre manufacturing in collaboration with Uni, Royal Goodrich. The total capacity of ceat has gone up to 45 lacks tyres with the commence of walaj plant and has plans to manufacture nylon cord tyres. Modi rubber industry has the modipuram plant and modinagar plant is under implementation. Vikrant tyres with a new all steel radial tyre plant for trucks and buses is the only company modernizing the existing plant and manufacturing new technological tyres of international standards and acceptability, Indian tyre industry is all set to capture a major share in export market and increases its share of export to various countries. The tyre industry is a raw material concentratedproduction. Raw resources account for about 55% of the total production cost. Two of the four major raw materials used in the tyre making i.e. Nylon tyre cord and synthetic rubber to natural petroleum based derivatives. 2.4 FEATURE OF THE TYRE INDUSTRY:  Large distribution network.  Demand is cyclical nature.  Technological intensive.  Rising cost of raw materials. 2.5 FUNCTIONS OF THE TYRE:  Tyre provides steering response.  Durable and easy to drive.  Has loan carrying capacity.  Provides cushioning ability.  Cooler running and gives more mileage.  Having a minimum noise and vibration 2.6 COMPARATIVE FUNDAMENTAL ANALYSIS: Major players in Indian tyre industry Company Year of commencement Dunlop 1926 Good year 1942 CEAT 1960
  • 11. Page 11 MRF 1946 Apollo 1975 2.7 MAJOUR APPREHENSIONS OF INDIAN TYRE INDUSTY:  Radicalization in commercial vehicle segment.  Used tyres.  Raw materials of Tyre industry.  Automotive industry standards (safety standards).  Government care for encouraging ‘made in India’ product for Tyres. 2.8 INPUTS FOR TYRE PRODUCTION INDUSTRY: The major raw materials are:  1. Natural rubber 25%  2. Synthetic rubber 14%  3. Carbon block 13%  4. Nylon tyre cord/yarn (fabric) 34%  5. (Remaining share of raw materials of 14% approx. is accounted by rubber  Chemicals) INDIAN TYRE PRODUCTION INDUSTRY – A PROFILE  No. of Tyrebusinesses – 39.  No. of Tyre branch – 60.  Revenue (Est.) – Rs. 43,000 Crores /US$ 7.7 billon.  Distributes – Rs. 4800 Crores / US$ 770 million.  Industry Attention – 10 large tyre companies account for 95% of industry revenue (in tonnage / value terms)  Growing at 9 – 10% annually. 2.9 GLOBAL TYRE INDUSTRY  700 tyre companies in the world  Sales top 75 cos.- US$ 92 million  Top 10 cos. - 80%
  • 12. Page 12  Chinese cos. - 4.5%  Indian cos. - 2.5%  21 Chinese tyre co. include in world’s 75 largest tyre companies; combined turnover of $ 9.5 billion, amounts to 10% of global business.  US dept. of transportation data – 160 tyre units in china – DOT code for new production – for selling tyre in the US.  Over last years, china’s top 40 companies have invested billions of dollars to acquire most modern machinery.  Top 10 tyre companies in the world Bridgestone, Michelin, Goodyear, Somitomo, Pirelli, Hankook, Yokohama, Maxis international, Hang zhouzhongce, Cooper tire & rubber co.  Derived demand product = automobile dependent = boom in automobile industry drivers the impressive growth in tyre industry.  Raw material &labour intensive; High turnover, low profit margin @ 2 to 3%  Dependent on NR, steel, crude oil – price rises; cause big cost push pressure on manufacturers.  Indian tyrebusinesses also surveysairreplaceableguaranteestructure whereby ‘Pro- rata’ adjustment is given for developed defects through dealers.  Exports to over 65 countries World-wide.  Indian tyre production industry delivers the ‘vital link’ in program of publicgentleman (through trucks and public transport) and product (through trucks and LCV’s etc.)  Indian tyremanufacturingdelivers direct and indirect service to closely 1 million publics.
  • 13. Page 13 2.10COMPANY PROFIL: The corporation was integrated as a private Ltd,business in West Bengal in fourteenth, 02- 1951. Until thirty-first March 1970, The company was involved in the handlingorganization business. Later the company absolute to carry outindustrializedevents &found a message of intent in 02- 1972 for the production of automobile tyres& tubes. The message of resolved was renewed into anmanufacturinglicence in 02-1974 for the production of 4 lakh nos. each automobile tyre and tubes in every year. The company was changed into a private Ltd, company on 1-04 1974. The businessplan was encouraged by Straw Products limited and J.K. Synthetics Limited. The company arrived into mechanicalteamwork with Universal Tyre International Co., U.S.A., (Aadditional of Universal Tyre& Rubber Co., U.S.A.) for mechanical facilities for a period of five years and sales arrangement for the source of mechanical know-how, manufacturing and documents for functioning services (for a time of eight years from 23-08-73). Below the teamworkpromise, The Company has the right to use on its goods the wording "Made in teamwork with Universal Tyre International Co., USA"
  • 14. Page 14  1982 The company's practicalrelationshipcontract with Universal Tyre International Co., was changed for aadditional time of five years.  1987 The completeat work resulted in considerableincomesin spite of a fifty one -days boycott as well as go slow from forth October. The walkout had from the time when then been resolute and friendlypayment was touched. Struggles were on to presenting ainnovativeconfiguration in steel belted radial tyres.  1988 Fresh steel radial tyres for Mahendra Gypsy and Tata mobile were presented. The Company planned to incur anspending of Rs.Three hundred lakhs for connection ofmodern and stylish R&D tools.  1989 More than a few new arrangements and space of tyres were presentedtogether with a semi-lug Nylon Truck tyre, all of which were well takes in the market. 1991 - Handeep Investment, limited, Hidrive Finance Limited., Panchanan Investment Limited & Radial Finance Limited., J. K. International Limited., Shivdham Properties Limidet& J.K. Asia Pacific limitedaredivisions of the Company.  1992 The J.K. International separationextended its events by inaugural its office in Moscow moreoverbeginning Company's subsidiaries in U.K. &Honkong. The radial tyres for tractors and corporate launched in the past year were well received.  1993 Introducing radial tyres `Brute' and `Ultima' were existing. The Company was in the progression of developed steel belted radial tyres for the valued cars in the Mercedes Benz, Peugeot, Daewoo race and Opel Astra. A fresharrangementestablished for automobile `PE-T8' was well received in the market.  1994 The company retained its step of development, in the face of steep rise in raw resource and idea costs and competition. The Company achieved an all round cost discount and achievedadvancedcapabilityutilization at both the tyrebranchs at Jaykaygram and Banmore. - The T-rated Ultimatyres introduced for freshage group cars found its agreed in DCM Daewoo's `Ceilo'. Also J.K. Steel radial was selected for Mercedes Benz India. - The Company take on to grow steel radials for GM's `Astra'. PAL's `Peugekot' FIAT's, `UNO' and M & M's `Ford'. - The Company introduced a best truck tyre `Jet Trak' - 39 which was presented to meet the need the heavy-duty load market. The fresh tractor rear tyre `SONA' was well received in the bazaar.  1996 During this period, a fresh Car tyre "Jet Drive XS", the broadest nylon car tyre for Maruti 800 was presented. Along with fresh semi-lug and heavy weighttyre for trucks, a fresh lug tyre for wonderful heavy load requests "Jet Trak 39" was also presented. In the Radial type, "Ultima XR Radial", a terrain tyre was presented. All these goods were well received in the bazaar.
  • 15. Page 15 - Both the tyre branchesactivated to full capability. In line with JK tyre, the radials partpresented, the double contact high power and high presentationAquasonic steel radial car tyre. The unit also established India's 1st and only H-rated ultima Xs' particularly for Mercides - Benz Cars.  2000 The organizationsuggests to lessen its debt by Rs.one twenty five crore in the present economical from the present level of Rs.Six thirty fivecrore by way of loan repayment. - The Company and Indian Oil Business have arrived into a marketing agreement for relating digital air pressure guages and set up deals and services outlets at IOC petrol stations in the country.  2001 RaghupatiSinghaniamanagement director of J K Industries as been selected the nineteenth Chairman of AutomativeTyreProducers Association, the representative form of tyre industry in India.  2002 J.K.Industries Limited has informed BSE that CRISIL has allocated a P1+ rating to the Profitable Paper function of the business.  2003 J.K. Industries Limited (JKI) has a fresh Marketing Director in Mr Ajay Kapila. Earlier joining JKI, MrKapila was Eldest Vice-President (Sales and Marketing) at Kinetic Engineering Limited. He was also Director on board and working head of Kinetic's direct selling arm-kinetic promotions service area limited. Bring to an end its completerearrangementworkout of businesses that clues to its start as a clean automotive tyre company. Along with the de-merger of its non-tyre business, Sugar and Agri Seeds, into unconnected companies namely JK Sugar Limited and JK Agri- Genetics Limited, JKI also bring to an end the merger of Vikrant Tyres Limited -J.K.Industries delists from Jaipur Stock Exchange -divested its wholly-owned supplementary called J.K. Drugs and Pharmaceuticals Limited to TEVA Pharmaceuticals of Israel.  2004 JK Industries Limited has educated that its cares are delisted from Delhi Stock Exchange Association Limited (DSE) w.e.f. 29 jan2004.  2007 JK Industries Limited has educated that the title of the Company has been new from "J K Industries Limited" to "JK Tyre& Industries Limited" w.e.f. April second, 2007. - Company name has been changed from JK Industries Ltd to JK Tyre& Industries Ltd.  2008 The company has allotted rights in the ratio of one:3 at a premium of Rs. seventy five Per Share.  2009 JSL Ltd publicized huge developmentideasbelow which it would set up 1.6 MT Green belt plant in Orissa due to which its stainless steel manufacturing capability will rise to about 2.5 MT by March 2014, thus making it the largest producer in India. - Jsl Limited has informed that consequential upon situation caused by the sad demise of Sh. A.K. Jain, Company Secretary of the company on January first, 2009, Mr. Sunil
  • 16. Page 16 Yadav has been selected as Company Secretary of the company w.e.f. January thirteen, 2009. Mr. Sunil Yadav has also been planned as Compliance Officer of the company in enactment of clause 47(a) of the listing contract.  2010 JSL Limited has educated BSE that the name of the Company have been new from "JSL Ltd" to "JSL Stainless Ltd". The Administrator of Companies, NCT of Delhi & Haryana has issued the original certificate of combination dated August sixth, 2010 consequentialupon change of name - JSL Limited has educated BSE that the Board of Directors of the Company has selected Mr. Jurgen Hermann Fechter and Mr. James Alistair Kirkland Cochrane as Additional Directors w.e.f. March ninth, 2010 by passing the resolutionover and done withmovement. - JSL Ltd led by Ratan Jindal is successful to setup a Thirty thousand twenty Mw power plan in the state of Orissa. The company signed a MoU with the Orissa government for locality up a super dangerous thermal power plan in the state on Thursday. The plant will be setup with a total investment of Rs. seven thousand three hundrenden seventy fivecrore.  2011 JSL Stainless symbols power purchase agreement with GRIDCO. - JSL Stainless Limited has educated BSE that the name of the Company have been different from "JSL Stainless Ltd" to "Jindal Stainless Ltd" with effect from December seven, 2011. The Administrator of Companies, NCT of Delhi & Haryana has permitted its sanction on December seventh, 2011.  2012 The Company has allotted Three lakh sixty four thousand nine seventy two equity shares of Rs. two/- each to "The Royal Bank of Scotland NV London Division".  2013 Vikrant Tyre branch has earned the "Golden Peacock HR Excellence Award". -JK Tyrepresentationsancombined brand campaign.  2014 JK Tyreselected as a Fantasticproduct for the year. -SAP ACE award 2014” to JK Tyre. - UX1 discussed with the impressive Auto BildConsultant goods of the Year. -JK Tyre& Industries has distributed its face value from Rs ten/- to two/ -The Registered Office of the Company has been removed from "seven, Council House Street, Kolkata- 700 001" To "Jaykaygram, PO - Tyre Factory, Kankroli - 313 342, Rajasthan”
  • 17. Page 17 1 Date of Establishing 14-02 1951 Income 898.267 ( USD in Millions ) Market Cap 25652.604588 ( Rs. in Millions ) Company Address Jaykaygram,Po - Tyre Factory,Kankroli-313342, Rajasthan www.jktyre.com Organization Details Chairperson - RaghupatiSinghania MD - VikrampatiSinghania Directors - Arun K Bajoria, VimalBhandari, KalpataruTripathy, Wolfgang Holzbach, SunandaSinghania, Bakul Jain, Arvind Singh Mewar Corporate Operation Tyres& Allied Financials Overall Income - Rs. 61399.8 Million ( year ending Mar 2015) Net Earnings - Rs. 2533 Million ( year ending Mar 2015) Company Secretary Pawan Kumar Rustagi Bankers Federal Bank, IDBI Bank, Indian Bank, Punjab National Bank, State Bank of India, UCO Bank, Corporation Bank, Bank of India, State Bank of Bikaner & Jaipur
  • 18. Page 18 2.11MISSION AND VISSION: Mission  Be a BuyerFixated Company - Buyer 1st 24x7  No.oneTyreProduct in India  RecordmoneymakingTyre Company in India  Encouraged and Devoted team for quality in presentation  Be a Green Company  Deliver ImprovedPrice to all shareholders  Enhance internationalattendance through Acquisition / JV / Strategic Trusts Vision  To be among the greatestrespected companies in India, devoted to brilliance 2.12JK TYRES NATIONAL RACING TYRES The JK TyreCountrywide RacingCompetition also known as JK-NRC is a track running tournament series comprising of a total of single make series events of open wheel single seater formula cars and saloon cars in India. This competitionsequence is also measured to be the moving stone for Indian Racing drivers who want to break into worldwide motorsports. Few drivers including NarainKarthikeyan, Karun Chandhokand ArmaanEbrahim have gone on to take part in global events with Formula 1 andA1 Grand Prix and other best racing series around the world. 2.13ACHIVEMENTS AND REWARDS  Merit Award For Outstanding Marketing, 2009.  JK Tyre won the National award for quality in Cost Management, 2009.  CII Energy Organization Award 2009.  CAPEXIL 'Top' Export Award for the year 2008–2009.  CII Water Organization Award 2009.  Rajasthan Energy Conservation Award-2009.  National Energy Conservation Award-2009.  JK Tyre- Super Brand 2009-10.  Hall of Fame- Golden Steering Wheel 2010.
  • 19. Page 19  CEO of the Year wise award to Dr. RaghupatiSinghania VC & MD.  JK Tyretakes 'Brand of the Year' Award in 2015. 2.14JK GROUP OF COMPANIES:  J.K. Organization  JK Paper LTD  JK Lakshmi Cement LTD  J.K. Fenner ( India ) Ltd  Umang Dairies LTD  JK Agri-Genetics LTD  JK Risk Managers & Insurance Brokers LTD  Clintrix Research Private LTD 2.15COMPETATION OF JK TYRES: 1. Apollo Tyres 2. MRF 3. CEAT Ltd 4. Dunlop 5. Goodyear 6. Yokohama 2.16Research and improvement: It has an R&D division, Hari Shankar Singhania Elastomer &TyreExamination Institute (HASETRI) with headquarters at Kankroli below the director's post of renowned scientist, Dr. Mukhopadhyay. It has 2 more plants 1 in Faridabad and 1 in Chennai. It is known for its state-of- the-art Finite Element Method, NVH and tyre-testing skills. This R&D ability is 1 of its kind in Asia. HASETRI is India's 1st &foremost independent Examination and Testing Center, which achieves the Nation's need for developing never and better machineries for Elastomer and Tyres. It is recognized under SIRO (Scientific and Industrial Research Organization) by the Department of Scientific and Industrial Research (DSIR), Govt. of India. It is also acknowledged by the Indian Institute of Technology (IITs) & other colleges for registeringforemost to advanced studies. Apart from the R&D facility there is also a CreationExpansion Cell present in the Faridabad facility. The Chennai process is a joint initiative of IIT Chennai and JK tyres
  • 20. Page 20 2.17 PRODUCT/ SERVICE: The products are sold under different brand names. 1. Truck Tyres:  Jet rib  Vikrant truck king  Star lug  Super T.K  JT king  Hi life  Jet star  Jet truck  Sand cum higway  J T classic  JETRK  Truck plus
  • 21. Page 21 2. Light trucks  Jet rib  Star lug  Fleet king  Truck king 3. O.T.R(of the road)  VEM 99 E-3 T/L  VEM 99 E-4 T/T  VEM 99 SS E-4 T/L  EGO4 G2 T/T 4. Tubes  JK tubes  Vikrant tubes  Tube V EX 5. Flaps  Flaps  JK EXP flaps  JK RD flaps
  • 22. Page 22 2.18 AREA OF OPERATION: “JK TYRES” has been popular in beginning its brand name in the worldwide market. It gives immense pride to india as “JK TYRES” and “Vikrant Tyre” has been rated amongst premium brands in highly sophisticated global tyres markets. “JK TYRES” has been popular in launching its brand name in the world market. It gives immense pride to india as “ JK TYRES” and “Vikrant Tyre” has been rated amongst premium brands in highly sophisticated global tyre markets. The exports accounts for over 30% of india’s total tyre export and they sell their products across 60 countries over six continents in whole world, thus making a leading mark in the industry. In order to meet the growing demand of JK tyre across the worldwide, the company is enhancing out sourcing activities from china in it’s own brand. Today JK tyre products compete with the best international players in the premium international bias market in more than 68 countries. The export operate through a strong and distribution network, and our distribution are fully support for it’s product in the US> Europe, south America and middle east. VTL rxport its products yo over 68 countries. The major countries include united states of America, australia, united kingdom and newzeland, hongkong and host middle east, African and Asian countries. 2.19 SEGMENTS Various segments to which JKIL – VTL supplierstyre. 1. Original equipment manufactures 2. Replacement market 3. Export 4. State transport undertakings 5. Government { DGS & D – civil &defence}
  • 23. Page 23 Infrastructure and facilities  Mysore plant -1 - Karnataka  Mysore plant -2 - Karnataka  Kankroli - Rajasthan  Banmore - Madhya Pradesh 2.20 VIKRANT TYRES LIMITED Vikrant tyres Ltd. {VTL} is located in the area of acres in mysuru. VTL is a most importanttyre manufacturing company and 1 of the most popular industrial ventures in the state of Karnataka. In the year 1970 this company was considered as a mutual by the involvement of south Indian export company pvt Ltd, Chennai with Karnataka state industrial investment and development corporation Ltd for launching and automobile tyres and tube manufacturing unit athebbal industrial area in mysuru. In 1977 the organization was taken over by the government of Karnataka state industrial investment and development corporation Ltd. The commercial production started from ninetieth may 1980. During 1985 a plant was setup for manufacturing of radial tyres. REGISTER OFFICE AT: “VIKRANT HOUSE” NO 54, 1ST MAIN ROAD V.V MOHALLA, MYSORE-570001
  • 24. Page 24 2.21 COMPANY STRUCTUTRE JK industries limited formerly being public sector unit, is a democratic and well organized structure in itself. The lower level and functional level managers are consulted and consultation are analyzed before the top management takes any decision. Task to be performed are assigned to separate functional heads. JK industries limited adopted the BPR ( business process re-engineering) concepts, its objects. 2.22 ORAGIZATION STRUCTURE Trainee Senior officer/engineer Deputy manger Senior deputy manger Manager Senior manager Chief Manager Deputy GeneralManager General Manager
  • 25. Page 25 Senior general manager Chief GeneralManager Assistant vice president Vice president Directors President 2.23 COMPETITORS INFORMATION Competitors for JK tyres in national market and international market. Indian Market share in % International Market share in % MRF 33.75 Michelin 15.2 APOLLO 30.00 Bridgestone 14 CEAT 11.25 Good year 10
  • 26. Page 26 2.24SWOT ANALYSYS OF JK TYRES Strength  Very huge distribution network  Realisticvalue  Being quality oriented  Operative employee in JK  Cost-cutting of scale due to optimalcapability utilization  Partnership with vikrant,know for their technicaladvantage bringing together performance, economy, durability and comfort.  Strong economiclocations weakness  Less band awareness  Less concern about minor car section Opportunities  A burgeoning work force rising middle class people  High growingpossible for itsdistributes as demand for JK tyre in Europe increasing.  Strong brand image  Indian clients are primarily value purchaserschallenging a better total package. JK is poised in a better location than other players in the market to benefit from on this opportunity Threats  Entry of fresh players with never and wellequipment in the minor car tyre segment  So many close challengers like Apollo, Birla , car , modi , kaizen etc
  • 27. Page 27 2.25 FINANCIAL SATEMENT: Balance Sheet of JK Tyre and Industries ------------------- in Rs. Cr. ------------------- Mar '15 Mar '14 Mar '13 Mar '12 Mar '11 12 mths 12 mths 12 mths 12 mths 12 mths Sources Of Funds Total Share Capital 45.36 41.06 41.06 41.06 41.06 Equity Share Capital 45.36 41.06 41.06 41.06 41.06 Share Application Money 0.00 12.37 0.00 0.00 0.00 Reserves 1,046.12 794.99 700.87 629.54 673.66 Networth 1,091.48 848.42 741.93 670.60 714.72 Secured Loans 2,171.55 1,985.16 1,954.55 1,396.69 692.77 Unsecured Loans 208.83 223.01 265.62 281.35 539.96 Total Debt 2,380.38 2,208.17 2,220.17 1,678.04 1,232.73 Total Liabilities 3,471.86 3,056.59 2,962.10 2,348.64 1,947.45 Mar '15 Mar '14 Mar '13 Mar '12 Mar '11 12 mths 12 mths 12 mths 12 mths 12 mths Application Of Funds Gross Block 4,074.32 3,850.82 3,711.64 2,773.27 2,731.01 Less: Accum. Depreciation 1,719.92 1,577.18 1,431.26 1,330.08 1,314.70 Net Block 2,354.40 2,273.64 2,280.38 1,443.19 1,416.31 Capital Work in Progress 697.10 143.32 54.68 749.20 192.14 Investments 92.62 101.76 97.59 100.89 93.56 Inventories 741.62 765.70 809.80 661.54 688.60 Sundry Debtors 1,256.19 1,186.37 916.68 867.36 708.05 Cash and Bank Balance 100.20 177.78 94.66 78.42 85.11 Total Current Assets 2,098.01 2,129.85 1,821.14 1,607.32 1,481.76 Loans and Advances 641.83 471.19 479.49 427.85 335.53 Total CA, Loans & Advances 2,739.84 2,601.04 2,300.63 2,035.17 1,817.29 Current Liabilities 2,192.76 1,923.59 1,627.63 1,874.54 1,467.70 Provisions 219.34 139.58 143.55 105.27 104.15 Total CL & Provisions 2,412.10 2,063.17 1,771.18 1,979.81 1,571.85 Net Current Assets 327.74 537.87 529.45 55.36 245.44 Total Assets 3,471.86 3,056.59 2,962.10 2,348.64 1,947.45 Contingent Liabilities 54.35 701.41 81.48 228.69 490.87 Book Value (Rs) 48.12 203.62 180.70 163.32 174.07
  • 29. Page 29 3.1 CUSTOMER SATISFACTION “Satisfaction is a somebody’sstate of mind of pleasure or dissatisfactionresultant from relatinggoodspresentation in relating to his or her expectancy.”brown explains buyerfulfillment as “The state in which buyer need Wants and expectancyall the way through the goods or services lifeor met or exceed resultant in repeat pick up, loyalty and advantageous word of mouth” The meaning of buyer satisfaction has been broadlydisputed as associationmore and moreeffort to measure it. Customer satisfaction can be knowledgeable in a variability of locations&linked to both product and services. It is greatlyprivate assessment that is seriously affected by buyeroutlooks. Fulfillment also is based on the buyer’sknowledge of both interaction with the association (the “moment of truth” as it a called in business literature) and privateresults. Some investigates define a contented buyer within the public sectors as “1 who receives importantadded value” to his/her bottom line –a definition that may happy just as well to private services. Buyerfulfillment is aextremelyprivatecalculation that is importantlyprejudiced by singlehope .some definition are based on the observation that buyer satisfaction or dissatisfaction results from either the validation or disconfirmation of single expectations as regards a services or goods to avoid complications stemming from the kaleidoscope of buyer expectation and variances, some experts huge companies to “concentrate on a goal that’s more closely linked buyerimpartiality “in its place of asking whether customer are fulfilled, they inspire companies you regulate how customer hold them responsible. 3.2 WHY ORGANISATION FOCUS TOWARDS ON CUSTOMER SATISFACTION Businesses guide thebuyer satisfaction in command to determine how to growth their buyer based, income, wages,, market. Share, customer loyalty and existence. Although largerrevenues is the driver, exemplary business focus on the buyer happy and see buyer satisfaction as the key to survival and turnover. Buyer satisfaction in turn hinges on the quality and things of their capabilities & the product or services they accept.
  • 30. Page 30 3.3 DELIVERING CUSTOMER VALUE AND SATISFACTION Consumer value is the bundle of profitsclientsassume from a given goods or service. Total customer cost is the package of costs customerassumes to incur in calculating, gaining and using the goods. The value chain is a tool for recognizing ways to create more buyer value ever firm is a gathering of activities that are completed to plan, market, distribute and provision its good ,customer carried value is diffencence between the total buyer value and total consumer price. Buyer satisfaction is the level of publics felt state resultant from relating a goods perceived presentation in relation to the person’s anticipation. Thus the fulfillment level is a purpose of the alteration between perceived presentation and probability .if the performance exceeds the expectation the consumer is delighted, customer who are just satisfied will find it easy to change supplier when a better comes along. On the other hand , buyer who are delighted are much ready to switch as delighted are much ready as creates an sensitive affinity with the band just relational preferences ,and these create high customer loyalty The buyer’s satisfaction are dissatisfaction with the goods will effectfollowing behavior if the buyer is satisfied ,he or she will exhibit possibility of buying the goods and satisfied buyer will also tend to say good things about the brands to others. 3.4 SIGNIFICANCE OF CUSTOMER SATISFACTION The modern business environment characterized by increasing competition and therefore increasing customer choice due to the trends such as.  It’s a principal indicate of buyer repurchase purposes and loyalty  It’s a fact of difference  Buyer lifetime value will be increases  It decreasesdamaging word of mouth  It recollect customer than acquire fresh ones 3.5 CUSTOMER RELATIONSHIP MANAGEMENT CRM as tool was used to generate positive word of mouth, to guidebuyerinvolvements and generate transfers .A series of CRM events were implemented with regular direct message, events and buyer satisfaction surveys, festive offers, rewards program, etc
  • 31. Page 31 3.6 BUYER INFORMATION AND EXPECTATION Business sector investigatespapers a tough relationship between buyer satisfaction and buyer expectation customer are satisfied or dissatisfied when their expectation are met or not met. If residence of vulnerable groups haveincompleteexpectancy for quality buyer services, they may capability less dissatisfaction with the conduct goods they accept. At the same time ,thesuppliers of neighbourhood product and services are not encouraged to improve the quality of their brand for buyer satisfaction is low in part because expectations of and demands for buyer service are small. With acceptableinfo, encouragement and mechanism for evaluating the services they receive, buyer’sexpectancy and demands can changes. Resident’s wantsinfo and experiences will rise their awareness of what constitutes quality services. If big business and services suppliers do not ask buyer the important questions, clients can ask themselves and share the information with other consumers.  Are they happy with product/services they received?  Did they get what they wanted?  The service was in a respectful way?  How can services be better-quality? 3.7 WHY IS CUSTOMER SATISFACTION IMPORTANT TODAY Fairly often the varianceamongst those that basicallysubsist in business & those that thrive is protectionwell-informed of &regulating to the alwaysalteringboldness &opportunities of the business place There was a time when clients were less work and vocal if not completelyhappy when commerce with a business. This is not the event today. When the selectionsexisting on anywhere and who to deal with was narrow. The control belonged to the business owner, customer had now here else to go and therefore buyerfulfillment was not so significant. Clients are attractive increasingly more challenging. Less tolerant and very critical when not having their expectancy met. Clients have lots of selection on where and who to deal with. as a outcome the power has now shifted to the buyer, if they feel you can not satisfy their expectancy they will simply vote with their feet and deal with somebody who will. Market-oriented manufacturing and administrationsliving and expire with fulfillment of their clients and thus view buyer’sfulfillment as their life line. In these productions, widespread efforts are made to devicebuyer expectations and feedback to services in aincessant effort to improve, construct and enlargemarket share. If their buyer are unhappy.Manufacturing know they are
  • 32. Page 32 unlikely to survive. If their customer are joyful, the use of their goods and services and the like hood of biggerrevenuesgrowth Marketing exports maintain thosefulfilledbuyer are critical profitability because they:  Be with the company longer as repeat clients  Depended their relationship with the company  Determinea lesser amount of price indifference  Recommended the company’s goods or services to others Buyersatisfaction is more the present market place than ever past. In the before the business relished on machinery and goodsinvention for competitive benefit. With worldwide competition, relentless technical advances and over consolidated. Standardized chains, companies now battle for differencecompletebuyer service. “Big business attitude must give way to a business attitude where front line contacts treat customers with dignity.
  • 33. Page 33 CHAPTER 4 DATA ANALYSIS AND INTERPRETATION
  • 34. Page 34 The study is about the “customer satisfaction towards on JK tyres”. It is based on data collection from both the primary and secondary source. Primary data has been composed with the help of the structured questionnaires. The sample size of the respondent selected was 50. Questionnaires was used to collect the response of the respondent interview were also conducted with the respondents and observation method was also used to have the better idea of the attitude of the respondents. This survey revealed the following aspects. Gender, age, education qualification has been tabulated below. GENDER Table no :4.1 GENDER RESPONDENT PERCENTAGE MALE 46 92% FEMALE 4 8% TOTAL 50 100 The above table shows that 92% are belongs to male respondents and 8% are female respondents Chart no: 4.1 GENDER From the above diagram we can interpret that popularof defendants belongs to the male category male 92% female 8%
  • 35. Page 35 AGE The age information is being collected to know which age group people uses and have interest in cars. This information is collected in part A of the questionnaire. Table no: 4.2 Sl no Age group Respondents Percentage 1 15-30 19 38% 2 30-45 21 42% 3 45-60 10 20% 4 60 and above 0 0% Total 50 100 The above chart shows that clearly 15-30 years age group respondents are 38%, 30-45 age group respondents are 42%, 45-60 age group respondents are 20% and 60 and above respondents are 0%. Chart no: 4.2 AGE Here we can interpret that majority of the respondents belongs to the age group of 30-45 years. 15-30 38% 30-45 42% 45-60 20% 60 and above 0%
  • 36. Page 36 EDUCATIONAL QUALIFICATION The educational qualification information is being collected to the qualification of respondents. This information is collected in part A of the questionnaire. Table no: 4.3 Sl no Educational qualification Respondents Percentage 1 SSLC 3 6% 2 PUC 12 24% 3 Graduate 26 52% 4 Post graduate 9 18% Total 50 100 The above table shows that 6%,respondents education is up to SSLC, 24% respondents education is up to PUC, 52% respondents are GRADUATE, 18% respondents are POST GRADUATE. Chart no: 4.3 EDUCATION QUALIFICATION On the basis of above analysis we can interpret that majority of respondents educational qualification is graduate SSLC 6% PUC 24% Graduate 52% Post graduate 18%
  • 37. Page 37 Why do you prefer J K tyres ? The information is collected to know why the respondents prefer J K tyres. Table no: 4.4 Sl no Particular Respondents Percentage 1 Quality 30 60% 2 Price 8 16% 3 Service 6 12% 4 All the above 6 12% Total 50 100 The above tabletop shows that 60% of defendants prefer quality, 16% of defendants prefer price, 12% of respondents prefer service and 12% of respondents prefer all the above factors. Chart no: 4.4 PREFER’S OF JKTYRES From the above table we can interpret that majority of respondents prefers quality of J K tyres. Quality 60% Price 16% Service 12% All the above 12%
  • 38. Page 38 How about the qualities of tyres and sales organization service? This information is collected to know how the quality of tyres and sales organization service performs Table no: 4.5 Sl no Particular Respondents Percentage 1 Good 39 78% 2 Better 7 14% 3 Average 4 8% 4 Not good 0 0% Total 50 100 The overhead chart shows that 78% of respondents, enhance the quality of tyres are good, 14% of respondents Chart no: 4.5 QUALITY OF JK TYRES The above diagram shows that popular of defendants enhance the quality of tyres are good. Good 78% Better 14% Average 8% Not good 0%
  • 39. Page 39 Do you think the quality of JK tyres is consistent? This information is collected to know the quality of JK tyres. Table no: 4.6 Sl no Option Respondents Percentage 1 Yes 47 94% 2 No 3 6% Total 50 100 From the overhead chart it is clear that 94% defendants agreed the quality of tyres is consistent, 6% of respondents disagreed with the quality of consistent of JK tyres. Chart no: 4.6 QUALITY OF JK TYRES IS CONSISTENT The above chart reveals that more number respondents agree with quality of JK tyres is consistent. Yes 94% No 6%
  • 40. Page 40 Are you satisfied with the current price of the JK tyres ? This information is collected to know the satisfaction of the current price of towards JK tyres Table: 4.7 Sl.no particular Respondents Percentage 1 Yes 38 76% 2 No 12 24% Total 50 100 From the overhead chart it is clear that 76% of respondent are satisfied with the current price of JK tyres and remaining 24% of respondents are not satisfied with the current price of JK tyres Chart no: 4.7 CURRENT PRICE ON JKTYRES The above chart shows that the maximum number of respondents is satisfied with the current price of JK tyres. Yes 76% No 24%
  • 41. Page 41 Do you believe that “Higher price indicates higher qualities? This information is collected to know the price and quality of JK tyres. Table no: 4.8 Sl.no particular Respondents Percentage 1 Yes 35 70% 2 No 15 30% Total 50 100 From the overhead chart it is clear that 70% of defendants are agreed with the price and quality of JK tyres and 30% of respondents disagreed with the price and quality of JK tyres. Chart no: 4.8 HIGH PRICE INDICATES HIGHER QUALITY From the above pie chart we can interpret that maximum respondents are satisfied with the higher price indicates higher quality. Yes 70% No 30%
  • 42. Page 42 What are the factors which influence you to purchase a JK tyres ? This information is collected to know which brand of car respondents are planning to buy. This information is collected in part B of the questionnaire. Table no: 4.9 Sl.no Particulars Respondents Percentage 1 Qualities 26 52% 2 Brand 03 06% 3 price 18 36% 4 Durability 0 00% 5 All of the above 03 6% Total 50 100 The overhead chart shows that 52% of defendants are prefer quality to purchase JK tyres, 6% of respondents are prefer brand while purchasing the JK tyres, 36% of respondents prefer price of JK tyres, 0% of respondents are won’t prefer durability and 6% of respondents are prefer all of the above while purchasing JK tyres. Chart no: 4.9 FACTORS INFLUENCE TO PURCHASE JK TYRES Here we can interpret that maximum respondent go with the quality of the JK tyres. Qualities 52% Brand 6% price 36% Durability 0% All of the above 6%
  • 43. Page 43 What is your opinion about JK tyresservice providing by? This is information is collected to know the opinion about the service of JK tyres Table no: 4.10 Sl.no particulars Respondents Percentage 1 Excellent 28 56% 2 Bad 01 2% 3 Good 20 40% 4 Average 01 2% Total 50 100 From the overhead chart shows that 56% of defendants’ opinion is excellent, 2% of defendants opinion is bad, 40% of respondents opinion is good and 2% of respondents opinion is average towards service of JK tyres. Chat no: 4.10 OPINION ABOUT JK TYRES PROVIDING SERVICE From the above chart we can interpret that maximum respondents are opinion excellent service of JK tyres. Excellent 56% Bad 2% Good 40% Average 2%
  • 44. Page 44 How often do you typically use the product? This information is collected to know how often the respondents use the product. Table no: 4.11 Sl.no particulars respondents Percentage 1 Once in year 05 10% 2 Every six month 01 2% 3 One & half year 40 80% 4 Others 04 8% Total 50 100 From the above table shows that 10% of respondents uses once in a year, 2% of respondents uses every 2 to 3 months, 40% of respondents uses daily and 8% of respondents go with the other option. Chat no: 4.11 USES OF PRODUCT PERIOD From the above chart we can interpret that maximum respondents are uses the product daily. Once in year 10% Every 2 to 3 months 2% Daily 80% Others 8%
  • 45. Page 45 Do you keep contacting with the customer service about the tyres? This information is collected to know how respondents are satisfied the contacting with the customer services on the JK tyres. Table no: 4.12 SL no Particular Respondents Percentage 1 Yes 44 88% 2 No 6 12% Total 50 100 From the overhead chart it is clear that 88% of defendants agreed the contacting with the customer service about JK tyres and 12% of respondents are disagreed about the customer service level of JK tyres. Chart no: 4.12 CUSTOMER SERVICE ABOUT THE JK TYRES From the above chart we can interpret that maximum respondents are accept the level of contacting customer service is very good from the JK tyres. Yes 88% No 12%
  • 46. Page 46 Based on your passed experience would you like to purchase JK tyres again? This information is collected to know how respondents passed experience about JK tyres. Table no: 4.13 Sl no: particular Respondents Percentage 1 Yes 40 80% 2 No 10 20% Total 50 100 From the overhead chart it is clear shows that 80% of defendants have good experience about JK tyres so they ready to go with the JK tyres products and 20% of respondents are dissatisfied aboutthe passed experience about the JK tyres. Chart no: 4.13 PAST EXPERIENCE ABOUT THE JKTYRES From the above chart we can interpret that maximum respondents are accepting there passed experience has been good so they ready to go with the JK tyres products. Yes 80% No 20%
  • 47. Page 47 Would you recommend this product to your friends about JK tyres ? This information is collected to know how respondents whether the customers recommend JK tyres to relatives and friends. Table no: 4.14 Sl no. Particular Respondents Percentage 1 Definitely will 33 66% 2 Probably will 00 00% 3 Probably will not 12 24% 4 Definitely will not 05 10% Total 50 100 From the overhead chart it is clear shows that 66% of defendants will definitely recommend to others, 0% respondents probably will recommed the product, 24% of respondents probably will not recommend the product and 10% of respondents definitely will not recommend product. Chart no: 4.14 RECOMMEND THIS PRODUCT TO YOUR FRIEND From the above chart we can interpret that maximum respondents are will definitely recommend the product to others. Definitelywill 66% Probably will 0% Probably will not 24% Definitelywill not 10%
  • 48. Page 48 Rate your satisfaction level with the new radial tyres ? This information is collected to know what is the satisfaction level of new radial tyres. Table no: 4.15 Sl no. Particular Respondents Percentage 1 Strongly agree 22 44% 2 Agree 10 20% 3 Un decided 00 0% 4 Disagree 10 20% 5 Strongly disagree 08 16% Total 50 100 From the above table it is clear shows that 44% of defendants are strongly agree with the new radial tyres, 10% respondents are agree with the new radial tyres, 00% of respondents are undecided with the new radial tyres, 20% of respondents disagree with the new radial tyres and 16% of respondents are strongly disagree with the new radial tyres. Chart no: 4.15 SATISFACTION LEVEL OF THE NEW RADIAL TYRES From the above chart we can interpret that maximum respondents are strongly agree with the new radial tyres. Strongly agree 44% Agree 20% Un decided 0% Disagree 20% Strongly disagree 16%
  • 49. Page 49 Are you satisfied with the service you received/accessed in the past 12 months? This information is collected to know service quality provided by JK tyres in past 12months. Table no: 4.16 SL no: particular Respondents Percentage 1 Yes 46 92% 2 No 4 8% Total 50 100 From the overhead chart it is clear shows that 92% of defendants are happy with the service provided by the JK tyres in past 12 months, 8% of respondents are unhappy with the service provided by the JK tyres in past 12 months. Chart no: 4.16 SATISFACTION LEVEL OF SERVICE RECIVED IN PAST ONE YEAR From the above chart we can interpret that maximum respondents are happy with the service provided by the JK tyres in past 12 months. Yes 92% No 8%
  • 50. Page 50 Are you satisfied with the way of supporting staff resolved your recent problem? This information is collected to know hoe the supporting staff resolve the quarries in recent period. Tableno :4.17 Sl no: Particular Respondents Percentage 1 Strongly agree 43 86% 2 Agree 00 0% 3 Un decided 00 0% 4 Disagree 00 0% 5 Strongly disagree 7 14% Total 50 100 From the overhead chart it is clear shows that 86% of defendants are strongly agree with the service of supporting staff, 0% of respondents are agree service of supporting staff, 00% of respondents are very un decided with the service of supporting staff, 0% of respondent are disagree with the service of supporting staff and 14% of respondents feel better service of strongly disagree about supporting staff. Chart no: 4.17 SATISFACTION LEVEL OF SUPPORTING STAFF From the above chart we can interpret that maximum respondents are strongly agree with the service of supporting staff. Strongly agree 86% Agree 0% Un decided 0% Disagree 0% Strongly disagree 14%
  • 51. Page 51 Do you think JK tyres fulfill the warranty terms and period with the customers? This information is collected to know whether the JK tyres fulfill the warranty terms and periods with the customers. Table no: 4.18 Sl no. Particular Respondents Percentage 1 Very good 19 38% 2 Good 21 42% 3 Average 10 20% 4 bad 00 00% Total 50 100 From the overhead chart it is clear shows that 38% of defendants are felling very good in fulfilling the warranty terms and periods with the customer, 42% of respondents are felling good fulfilling the warranty terms and periods with the customer, 20% of respondents are felling average in fulfilling the warranty terms and periods with the customer and 0% of respondents felling bad in fulfilling the warranty terms and periods with the customer. Chart no: 4.18 WARRANTY PERIOD From the above chart we can interpret that maximum respondents are feel good in fulfilling the terms and conditions by the JK tyres. Very good 38% Good 42% Average 20% bad 0%
  • 52. Page 52 How do you measure JK tyres performance in manufacturing tyres internally the best in the organization? This information is collected to know the performance of the production department of the JK tyres. Table no: 4.19 Sl no. Particular Respondents Percentage 1 Very Good 35 70% 2 Good 00 00% 3 Average 15 30% 4 Bad 00 00% Total 50 100 From the overhead chart it is clear shows that 70% of defendants are feel very good to the production of JK tyres, 0% of respondents are feel good to the production of JK tyres, 30% of respondents are feel average to the production of JK tyres and 0% of respondents are feel bad to the production of JK tyres Chart no: 4.19 PERFORMANCE OF MANUFACTURING From the above chart we can interpret that maximum respondents are feels good to the production of JK tyres. Very Good 70% Good 0% Average 30% Bad 0%
  • 53. Page 53 To what extent the JK tyres has satisfied your purpose/need? This information is collected to know dose the JK tyres full fill the purpose are need of the customers. Table no:4.20 Sl no. Particular Respondents Percentage 1 Strongly agree 30 60% 2 Agree 10 20% 3 Un decided 00 00% 4 Disagree 10 20% 5 Strongly disagree 00 00% Total 50 100 From the above table it is clear shows that 60% of respondents need and purpose are strongly agree, 20% of respondents need and purpose are agree and 00% of respondents need and purpose are undecided,20% of respondents need and purpose are disagree and 00% of respondents need and purpose are strongly disagree. Chart no: 4.20 NEED AND PURPOSE OF SATISFACTION LEVEL From the above chart we can interpret that maximum respondents need and purpose are satisfied. Strongly agree 60% Agree 20% Un decided 0% Disagree 20% Strongly disagree 0%
  • 54. Page 54 Overall how satisfied are you with the company tyres? This information is collected to know the overall satisfaction level of the company tyres. Table no: 4.21 Sl no. Particular Respondents Percentage 1 Strongly agree 31 62% 2 Agree 19 38% 3 Un decided 00 00% 4 Disagree 00 00% 5 Strongly disagree 00 00% Total 50 100 From the above chart it is clear shows that 62% of defendants are strongly agree, 38% of defendants are agree. 0% of defendants are undecided, 0% of defendants are disagree and 0% of defendants are strongly disagree. Chart no: 4.21 SATISFACTION ABOUT THE COMPANY From the above chart we can interpret that maximum respondents are overall satisfied. Strongly agree 62% Agree 38% Un decided 0% Disagree 0% Strongly disagree 0%
  • 55. Page 55 Do you think JK tyres are facing high competitors? This information is collected to know the having high competitors of JK tyres. Table no: 4.22 Sl no. Particular Respondents Percentage 1 Yes 44 88% 2 No 06 12% Total 50 100 From the overhead chart it is clear shows that 62% of defendants are satisfied, 38% of respondents are dissatisfied. 0% of respondents are fully satisfied and 0% of respondents are fully dissatisfied. Chart no: 4.22 FACING HIGH COMPETITORS From the above chart we can interpret that maximum respondents are agreed JK tyres have high competitors. Yes 88% No 12%
  • 56. Page 56 Are you comfortable with the performance of JK tyres in your vehicle? This information is collected to know comfort level with the performance of JK tyres. Table no: 4. 23 Sl no. Particular Respondents Percentage 1 Yes 46 92% 2 No 4 8% Total 50 100 From the overhead chart it is clear shows that 92% of defendants are comfortable with the JK tyres. 8% of respondents are not comfortable with the JK tyres. Chart no: 4.23 COMFARTABEL OF PERFORMANCE From the above chart we can interpret that maximum respondents are comfortable with the performance of JK tyres. Disagree 56% Strongly disagree 44%
  • 57. Page 57 Would you like to suggestions in improving the JK tyres? This information is collected to know the suggestion given by the customers. Table no: 4.24 Sl no. Particular Respondents Percentage 1 Yes 40 80% 2 No 10 20% Total 50 100 From the overhead chart it is clear shows that 80% of defendants are given suggestion to the company and 38% of respondents are not responded for given suggestion to the company. Chart no: 4.24 SUGGESTION GIVEN From the above chart we can interpret that maximum respondents are given suggestion to the company Yes 80% No 20%
  • 59. Page 59 FINDINGS  According in to survey of 50 customers, 92%% of defendants are male and remaining 8% of respondents are female.  Majority of respondents are the age of 30 -45 are using jktyres around 42% out of 100%.  52% of respondents are graduates are using jktyres.  60% of respondents are go through with the quality of the jktyres.  94% of respondents are go through the quality of jktyres is consistent.  76% of respondents are satisfied with current price of jktyres.  70% of respondents are believe high price indicates higer quality of the jktyres.  56% of respondents opinion about jktyres is excellent.  80% of respondents are typically use the product one & half year in once.  88% of respondents are keep contacting with the customer service about the jktyres.  80% of the defendants are would like to purchase jktyres again based on their passed experience.  66% of respondents are definitely will recommend their friends to buy the jktyres  44% of respondents are satisfied with the new radial tyresjktyres.  92% of defendants are satisfied with providing service of the jktyres.  42% of defendants are feel the warranty terms and period of thejktyres is good.  60% of respondents are strongly agree the jktyres has satisfied there purpose and needs feel good.  62% of respondents are over all satisfied with the company tyres.  88% of respondents are thinking the jktyres are facing high compitators.  92% of respondents are comfortable with performance of jktyres.  80% of respondents suggestion was improving the jktyres (quality.service,customer satisfaction etc).
  • 60. Page 60 CONCLUSION  Awareness level of “JK TYRE” in mysore city is 94% hence majority of the respondents are aware of “JK TYRE”.  Quality, durable and performance are the attributes the creates customer satisfaction among “JK TYRE” in mysore city.  Customer satisfaction level is higher with 92% of fully satisfied and 8% of satisfied customers.  Awareness about “JK TYRE” care center is high, respondents opinion that there is a sufficient number of care center they are highly satisfied with “JK TYRE” care center.  In mysuru city the jktyres are facing the high competitors. Like (MRF,APOLLO,CEAT etc)  Customers are satisfied with the new radial tyresof jktyres.
  • 61. Page 61 SUGGESTION  Some customer are not satisfied with service and the current price of the JK tyre, company needed to work on it.  During my survey many of the customer expect claim police for their tyres in the car segment, so it is good for the company if it move forwarded regarding claim policy.
  • 62. Page 62 Bibliography: 1. AlicaBarroso, “AVERTISING AND CONSUMER AWARENESS OF A NEW PRODUT”, job market paper, (November 2007) 2. Alicia Barroso and Gerard lobet, “ ADVERTISING AND CONSUMER AWARENESS ON NEW, DEFFERENTIATED PRODUCTS”, CEMFI working paper no. 1104, (October 2011) 3. Muhannan M.A Abdallat, heshamei-emam, “ customer satisfaction “, journal by king saud university 4. Willard hom, “ AN OVERVIEW OF CUSTOMER SATISFACTION MODELS “, journal of California community colleges 5. Joan L. gieses, joseph A. cote, “ DEFINING CONSUMER SATISFACTION”, journal release by academy of marketing svience review, washinton state university, vol.2000 no.1 (2002) 6. Josses mugabisamaliemutuwa ,” CUSTOMER SATISFACTION” , research paper, (august 2009) 7. Ira kerns. “ HOW TO DEVELOP AN EFFECTIVE CUSTOMER SATISFACTION SURVEY”, research paper release by guidestar research ( December 2005) 8. Tire business magazine Company website : www.jktyre.com
  • 64. Page 64 QUESTIONNAIRE I am Karthik. H. S pursuing Master of Business Administration in Visvesvaraya Technological University, Post Graduate centre, Mysore. As a part of academics, I am doing a project on “Customer Satisfaction towards JK Tyres, so kindly provide the appropriate information for the following questionnaire. Thank you. Part A: 1. Name: _______________________________________ 2. Gender : a. Male b. Female 3. Age: a. 15 to 30 c. 30 to 45 b. 45 to 60 d. 60 and above 4. Qualification : a. SSLC c. Degree b. PUC d. Master degree PART B: 5. Why do you prefer JK Tyres? a. Quality c. Service b. Price d. All the above 6. How about the qualities of Tyres and sales organization service? a. Good c. Average b. Better d. Not good 7. Do you think the quality of JK Tyres is consistent? a. Yes b. No
  • 65. Page 65 8. Are you satisfied with the price of the tyres? a. Yes b. No 9. Do you believe that “Higher price indicates higher qualities? a. Yes b. No 10. Are you satisfied with the current price of JKTyres ? a. Yes b. No 11. What are the factors which influence to purchase a JK Tyres? a. Qualities c. Price b. Brand d. Mileage e. All 12. What is your opinion on service provided by JK tyres? a. Excellent c. Good b. Bad d. Average 13. How often do you purchase product of JK tyres? a. Once in year c. Every six months b. One & half year d. Others______________________ 14. Have you keep contacting the customer service about the tyres? a. Yes b. No 15. Based on your past experience would you like to purchase JK Tyres again? a. Yes b. no 16. Would you recommend this product to your friends about JK Tyres? a. Definitely will c. Definitely will not b. Probably will d. Probably will not 17. Rate your satisfaction level with the new Radial Tyres? a. Strongly agree c. Undecided b. agree d. Disagree e. Strongly disagree
  • 66. Page 66 18. Are you satisfied with the service you received/accessed in the past 12 months? a. Yes b. No 19. Are you satisfied with the way the supporting staff resolved your recent problem? b. Satisfied c. Very satisfied c. Dissatisfied d. Better 20. Do you think JK Tyresfulfil the warranty terms and period with the customers? a. Very good c. average b. Good d. bad 21. How do you measure JK Tyres performance in manufacturing Tyres internally the best in the organization? a. Very good c. Average b. Good d. Bad 22. To what extent the JK Tyres has satisfied your purpose/need? a. Strongly agree c. Undecided b. agree d. Disagree e. Strongly disagree 23. Overall how satisfied are you with the company tyres? a. Strongly agree c. Undecided b. agree d. Disagree e. Strongly disagree 24. Do you think JK Tyres are facing high competitors? a. Yes b. No 25. Are you comfortable with the performance of JK Tyres in your vehicle? a. Yes b. No 26. Would you like to suggestions in improving the JK Tyres? a. Yes b. No