SlideShare una empresa de Scribd logo
1 de 71
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 1
Internship Report on
“A Study on Customer Relationship Management Practice of Laxmi
Hyundai”
Submitted By:
ANAND KARKI
1RE12MBA64
Submitted To:
VISVESVARAYA TECHNOLOGICAL UNIVERSITY, BELGAUM
In partial fulfillment of the requirements for the award of the degree of
MASTER OF BUSINESS ADMINISTRATION
Under the guidance of
INTERNAL GUIDE EXTERNAL GUIDE
Prof. Manjunath V S Nirpesh Niroula
Asst. Professor Asst. Marketing Manager
Laxmi InterContinental Pvt Ltd.
Department of MBA
Reva Institute of Technology and Management
Rukmini Knowledge Park, Kattigenahalli,
Yelahanka, Bengaluru-560064.
DECLARATION
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 2
I Anand karki, hereby declare that the Internship Report entitled “A Study on
Customer Relationship Management Practice of Laxmi Hyundai” with
reference to “Laxmi InterContinental Pvt. Ltd, Kathmandu” prepared by me
under the guidance of Prof. Manjunath V S, faculty of MBA Department, Reva
Institute of Technology and Management and external assistance by Nirpesh
Niroula, Assistant Marketing Manager of Laxmi InterContinental Pvt. Ltd
I also declare that this Internship work is towards the partial fulfillment of the
university regulations for the award of degree of Master of Business
Administration by Visvesvaraya Technological University, Belgaum.
I have undergone a summer project for a period of twelve weeks. I further
declare that this project is based on the original study undertaken by me and
has not been submitted for the award of any degree/diploma from any other
University/Institution.
Signature of the Student
Place:Bangalore. StudentName : Anandkarki
Date: 07/07/2014 USN : 1RE12MBA64
Acknowledgement
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 3
I would like to take this opportunity to thank everyone who has helped me
throughout the internship.
Firstand foremost, I would like to thank Dr. N. Ranapratap Reddy, Principal of
Reva Institute of Technology and Management for providing me an
opportunity to carry out the internship work. I have special acknowledgements
for the supervising team at the Laxmi Hyundai and all the employees (service
center and the showroom team) of the organization. I would also like to thank
Mr. Jyoti Bhattarai (Marketing Manager) and Mr. Nirpesh Niroula (Asst.
Marketing Manager) for providing mea guidelines and supervising me to carry
out the works throughout my internship period.
Lastly, My special appreciation goes to Prof. Manjunath V.S for the support
during preparation of this report, untiring effort of going through the draft
reports and providing me with the valuable suggestions.
Thank you all
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 4
EXECUITIVE SUMMARY
Thisreportis a part of graduate programsunder VISVESVARAYA TECHNOLOGICALUNIVERSITY, (VTU)
that offersManagementPrograms.Thisis12 weekprogram designed to provide an opportunity for
a meaningful career-related experience in real organizational settings before graduating.
Among the various automobile companied, researcher opted for Laxmi Intercontinental P. Ltd.
Laxmi Intercontinental P.Ltdstartedimportingand selling Hyundai brands of vehicle in Nepal after
the acquisition of distributorship in February 2009. . The project objective is to study Customer
RelationManagementof Laxmi Hyundai.The reportcontainbrief introductionof Laxmi Hyundai .The
Company’s main aim was not only the sales of Hyundai vehicles but also to provide quality after
salesservice toitsvaluedHyundai Customers.Inordertoachieve thisaim, ithas openedshowrooms
and service centers across Nepal. This project clearly mentions the objective of study and the
research methodology designed. Designed used in this project is exploratory and the source of
informationisbothPrimaryandsecondarydata.The data collectionmethodused is structured with
the close end questionnaire.
Samplingshall be done onthe basisof simple randomsampling method. Based upon the structured
questionaries’it will help in analyzing the obtained information or results which projected certain
findings and recommendations.
The project reveals the one of the important finding that Customer relationship management is a
business philosophy which provides a vision for the way the Laxmi Hyundai want to deal with the
customer. To deliver that vision, Laxmi Hyundai needs a CRM Strategy which gives shape to
marketing, customer service and data analysis activities. The major aim of the Laxmi Hyundai CRM
strategy is to maximize the profitable relationship with customer by increasing the value of the
relationship for the both the vendor and customer.
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 5
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 6
CHAPTER-1
INTRODUCTION
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 7
1.1 INTRODUCTION ABOUT THE INTERNSHIP
This internship project is conducted for partial fulfillment of the Masters in Business
administration degree awarded by VisvesvarayaTechnology University, Belgaum. The
internship is assigned of three hundred marks for the evaluation. The internship in specialized
field provides us with indepth understanding about the field, market exposure, and helps to
identify the potential career opportunities. Internship project is good for students to
understand real world implications of the sound academic knowledge gained in college. The
internship has given us the real world exposure to the professional life and shown us the
wider exploration of the career opportunities in management, information technology and
information management.
This internship as per the requirement of the MBA not only fulfills that very requirement but
has also developed me personally by getting myself acquainted with how the automobile
industry business regulates. This program has enhanced the skill and enthusiasm of the
students as they get knowledge of the business environments and to learn different aspects of
working mechanism that prevail in the organizations. Most of the subject learned during the
MBA has been well implemented during this internship program.
During this internship period I was introduced to the organizational structure and overall
functioning of the organization. I was the trainee staff to organization; I conducted research
on CRM and also learned a way to create more customer value & satisfaction.
1.2 CUSTOMER RELATIONSHIP MANAGEMENT
The changing business environment is characterized by economic liberalization, increasing
competition, high consumer choice, demanding customer, more emphasis on quality and
value of purchase etc.
All these changes have made today’s producer shift from traditional marketing to modern
marketing. Modern marketing calls for more than developing a product, pricing it, promoting
it and making it accessible to target customer. It demands building trust, a binding force and
value added relationship with the customers.
The process of developing a cooperative and collaborative relationship between the buyer and
seller is called customer relationship management shortly called CRM.
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 8
1.3 NEED FOR THE STUDY
The biggest management challenge in the new millennium of liberalization and globalization
for a business is to serve and maintain good relationship with the king – the customer. In the
past producers took their customers for granted, because at that time the customers were not
demanding nor had alternative source of supply or suppliers. But today there is a radical
transformation.
The purpose of customer relation is not only for retaining the customers but also attracting
new customers and increasing the sales and also creating and maintenance of brand
awareness.It is a system for managing a company’s interactions with current and
future customersusing technology to organize, automate
andsynchronize sales, marketing, customer service, and technical support.Customer
perceptions attitudes and views regarding the products and services, along with suggestions
assume greater importance in the light of new entries and potential competitors, this study is
an attempt that directs to facilitate the management in marketing their future decisions in
promoting and creating a good image in the society.
• reduced costs, because the right things are being done (i.e., effective and efficient
operation)
• increased customer satisfaction, because they are getting exactly what they want (ie.
meeting and exceeding expectations)
• growth in numbers of customers
• highlighting poor operational processes
• long term profitability and sustainability
• A satisfied customer in 10 years will bring 100 more customers to the company.
• It costs 7 time more to attract a new customer than to serve an old one.
• 20% of the company’s loyal customers account for 80% of its revenues. (Pareto’s
principle).
1.4 OBJECTIVES OF THE STUDY
The main objectives are to determine the current relationship management level of the
customers with all aspects in regard to “LAXMI HYUNDAI Ltd.”.
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 9
Objectives in Detail:
1. To know the grievances among the customers about products &services, if any.
2. To identify different customers’ needs in regard to a Hyundai motor car’s services.
3. To identify what type of promotional strategy is suitable for the company to reach the
targeted customers.
4. Help the company to retain the Existing Customers
1.5 SCOPE OF THE STUDY
The scope of the study is to identify the customer relationship management levels towards
"Laxmi Hyundai Limited". The study was conducted for a period of 8 weeks covering
various places in Kathmandu. Primary data was collected from customers. Secondary data
was collected from company manuals, magazines and websites and so on. The study gathers
information about the customer's relation maintaining in various full range of Hyundai
vehicles from EON (passenger car) to Santa Fe (SUV) level in regard to Quality of service,
safety Tips, fuel saving tips, driving tips etc. Customer care service and other values added
services provided by the company. It is aimed at enlightening the company about different
steps to be taken up to increase the share of Hyundai motor company limited with regard
other competitors and also to make the company to provide better customer services.
1.6 RESEARCH METHODOLOGY
Project methodology is a way to systematically solve the research problem. It deals with the
objective of a research study, the method of defining the research problem, the type of data
collected, method used for data collecting and analyzing the data etc. The methodology
includes collection of primary and secondary data.
DATA COLLECTION:
1) Primary data: The primary data will be collection through structured questions and
also by directly interacting with the respondents. The questionnaire will be circulated
to the customer personally.
2) Secondary data: The source of secondary data includes:
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 10
 Books
 Magazine
 Company’s report and website.
 Internet
So, to give a proper and formal approach to our research study I used the sampling technique.
SAMPLING TECHNIQUE
The sampling technique that adapted to conduct the survey was ‘Random Sampling’ and the
area of the research was concentrated in the city of Kathmandu . The survey was conducted
by interacting with Hyundai owners at Hyundai service center.
Sample units:
The sampling units for the study include the owner of the Hyundai cars.
Sample size:
The sample or the size included for conducting the study is50 customers of Hyundai.
The summary of the methodology are stated below.
Areas Kathmandu
Source of information Primary and Secondary data
Data collected method Structured Questionnaire’s
Types of question used Multiple choice
Target Owner of Hyundai vehicles
Sampling Method Random Sampling
Sample Size 65 car users out of which 50 Hyundai car
owners
1.7 LITERATURE REVIEW OF CUSTOMER MANAGEMENT RELATIONSHIP
The aim of Customer Relationship Management (CRM) is the, Total of the discounted life
time values of all of the firm’s customers. Clearly, the more loyal the customers, the higher
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 11
the customer equity, rust. Zenithal and lemon distinguish three drivers of customer equity,
value equity and relationship equity.
ArvindSaxena (2010) Director and Board member (marketing and sales), Hyundai Motor
India (HMIL) “No company in automobile sector can fight competition on price. Companies
need to have the right product, distribution, CRM and after sales service network to grow.
Michael Cusumano, Steve Kahl and Fernaando Suarez (2008) in their research paper
“A theory of services in product industries”, has concluded that in many product oriented
industries, services have become increasingly important. In case of automobiles, many
automakers generate the vast majority of their profits from a service activity closely tied to
their product activity. The automobile industry overall generates a large portion of its profits
from other product-related service activities such as insurance and repairs. The authors
argued that despite the seeming importance of services, there is not much theory to help
researchers or practitioners explain the 3 conditions under which services matter in product
industries. The general view that emerges from the services literature is that services tend to
become important for manufacturing firms once their industries reach a mature stage.
Steve Kahl and Fernaando Suarez (2008) in their research paper “Product, Process, and
Service: A New Industry Lifecycle Model”, has concluded that Existing models of industry
lifecycle evolution tend to focus on changes in the products and processes and largely
overlook the dynamics of services, but increasingly, the revenues of many firms are
becoming dominated by sales of services rather than products, or products sold with services
to gain competitive differentiation in markets marked by increasing product commoditization.
Abhijeet Singh (2011) Tata Motors uses a customer relationship management and dealer
management system (CRM-DMS) which integrates one of the largest applications in the
automobile industry, linking more than 1200 dealers across India.CRM DOS has helped Tata
Motors to improve its inventory management, tax calculation and pricing. This system has
also proved to be beneficial to dealers because it has reduced their working capital cost
Gordon Fullerton (2006), “Putting relationship in CRM”, that JEEP, a division of Daimler
Chrysler Automobile Company, has served a classic example of CRM program that provides
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 12
a considerable value to both the customers and the firm by developing a program exclusively
for jeep owners and fostered a community that is highly effectively committed to the product,
the brand and the customers.
Kevin Keller (2012) Caterpillar has become a leading firm by maximizing the total customer
value with the help of effective CRM, best after sales service in the industry and better
trained dealer. This allows the firm to command a premium price of 10% to 20% higher than
competitors such as Volvo, Komatsu etc.
1.8 LIMITATIONS OF THE STUDY
The study is subjected to the following limitations
1. A portion of the responds contacted were no precise and genuine in giving their
opinion.
2. If accidently they had badly, experience at one instance, they would work very poor.
3. To measure the exact level of customer relation the sample size was small.
4. Short time period was inadequate for conducting detailed study among the customers.
5. The study was restricted to Kathmandu only.
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 13
CHAPTER – 2
INDUSTRY AND COMPANY
PROFILE
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 14
2.1 INTRODUCTION TO AUTOMOBILE INDUSTRY
Automobile, self-propelled vehicle used primarily on public roads but adaptable to other
surfaces. Automobiles changed the world during the 20th century, particularly in the United
States and other industrialized nations. From the growth of suburbs to the development of
elaborate road and highway systems, the so-called horseless carriage has forever altered the
modern landscape. The manufacture, sale, and servicing of automobiles have become key
elements of industrial economies. But along with greater mobility and job creation, the
automobile has brought noise and air pollution and automobile accidents rank among the
leading causes of death and injury throughout the world. But for better or worse, the 1900s
can be called the Age of the Automobile and cars will no doubt continue to shape our culture
and economy well into the 21st century. Automobiles are classified by size, style, number of
doors, and intended use. The typical automobile, also called a car, auto, motorcar, and
passenger car, has four wheels and can carry up to six people, including a driver. Larger
vehicles designed to carry more passengers are called vans, minivans, omnibuses, or buses.
Those used to carry cargo are called pickups or trucks, depending on their size and design.
Minivans are van-style vehicles built on a passenger car frame that can usually carry up to
eight passengers. Sport-utility vehicles, also known as SUVs, are more rugged than passenger
cars and are designed for driving in mud or snow.
In 2012 manufacturing plant in more than 25 countries produced 73.2 million passenger cars
.The automobile is built around an origin various systems supply the origin with fuel, cool it
daring operation, lubricate its moving parts and remove exhaust gases it creates. The origin
produces mechanical power that is transmitted to the automobile’s wheels through adverting
which includes a transmission. One or more dive shafts, a differential gear and axles.
Suspension system which includes sparing and shock absorbers, customs the ride and help
protect the vehicle from being damaged by bumps heavy loads and other series. Wheel and
tares support vehicles on the road way and when rotated by powered axles; propel the vehicle
forward or backward Steering speed. An electrical system starts and operates the engine
monitor and control many aspects of the vehicle operation and powers such components as
head light and radios. Safety features such as bumpers air bugs and seat bells help protect
occupants in an accident
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 15
2.1.1 HISTORY OF AUTOMOBILE INDUSTRY
The history of the automobile actually began about 4100 years ago when the first wheel was
used to transportation in India. In the early 15th century Portuguese arrived in china and the
interaction of the two cultures leaded to variety of new technologies including the creation of
a wheel. By the 1600’s small steam powered engine models had been developed but it was
another century before a full sized engine powered vehicle was created. IN 1769 French
Army Officer Captain Nicolas joseph Cugsnot built what has been called the first automobile
cugnotsparel wheeler steam powered vehicle carried four people. Designed to move artillery
pieces. It has a top speed of a title more than 3.2km/h and had a stop every 20 minutes to
build up a fresh head of steam. As easily in 1801 successful but very heavy steam automobile
type introduced in England laws barred them from public road and forced their owners to run
them like train or private tracks their owners to run them like train or private tracks in 1802 a
steam powered coach designed by British Engineer. Richard Trethvickjourned more than
160km from corn wall to London.Steam powered caught the attention of other vehicle
builders. In 1804, American inventor Oliver Evans built a steam powered car in 1828. British
inventor a valterHandcock build a series of steam carriages in the mid 1830’s thus were used
for the first omnibus service in London. By the mid 1800’s England had an extensive network
of coach line. Horse-drawn stagecoach companies and the new rail road companies pressured
the British parliament to approve heavy it’s on steam-powered road vehicles. The tolls
quickly drove a steam quickly drove a steam coach operators out of business.During the early
20th century steam cars were popular in the United states. Most famous was the Stanley
steamer, built by American Twin brothers Freelan and Francis Stanley. A Stanley steamer
established a world land speed record in 1906 of 205.44 km /h. Manufactures produced about
125 models of steam powered automobiles, including the Stanley until 1932.The first
successful self-propelled road vehicle was a steam automobile invented in 1770 by the
French engineer Nicolas Joseph Cugsnot.
2.2 INTRODUCTION OF HYUNDAI MOTOR COMPANY
The Hyundai Motor Company is a South Korean multinational automaker headquartered
in Seoul, South Korea. The company was founded in 1967 and along with its 32.8% owned
subsidiary, Kia Motors, together comprise the Hyundai Motor Group, which is the world's
fifth largest automaker based on annual vehicle sales in 2012. In 2008, Hyundai Motor
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 16
(without Kia) was ranked as the eighth largest automaker. As of 2010, the Company sold
over 3.6 million vehicles worldwide. Hyundai operates the world's largest integrated
automobile manufacturing facility in Ulsan, South Korea, which has an annual production
capacity of 1.6 million units. The company employs about 75,000 people worldwide.
Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms.
Some Basic Highlights of Hyundai Motors:
Native name 현대자동차주식회사
Type Public
Traded as KRX: 005380
LSE: HYUD
Industry Automotive
Founded December 29, 1967
Founder(s) Chung Ju-yung
Headquarters Seoul, South Korea
Area served Worldwide
Key people Chung Mong-koo (Chairman & CEO)
Products Automobiles, commercial vehicles, engines
Production
output
2,943,529 units (2012)
Revenue US$ 84 billion (2012)
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 17
Net income US$ 9 billion (2012)
Total assets US$ 109 billion (2012)
Total equity US$ 43 billion (2012)
Employees 75,000 (2012)
Website worldwide.hyundai.com
2.2.1 VISION:
“Our Team provides value for your future”
2.2.2 MISSION:
To create exceptional automotive value for our customers by harmoniously blending safety,
quality and efficiency. With our diverse team, we will provide responsible stewardship to our
community and environment while achieving stability and security now and for future
generations.
2.2.3 HYUNDAI’S BRAND SLOGAN:
“NEW THINKING - NEW POSSIBILITIES”
A brand slogan embodies the essence of a brand, from its philosophy to its vision and
identity. Hyundai’s brand slogan -- “NEW THINKING. NEW POSSIBILITIES.” reflects
the will of Hyundai Motor Company to create new possibilities to benefit the world and its
people by encouraging and developing new thinking. All members of Hyundai have the brand
slogan deeply engraved in their hearts as they move forward in their effort to provide new
values and experiences desired by today’s customers through innovative ways that are unique
to the brand, driven by new thinking about customers and cars.
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 18
2.2.4 QUALITY POLICY
 Top priority to customer satisfaction
The Company will provide only those products meeting relevant customer
requirements & international standards and accordingly satisfy every customer.
 Continuous improvement
The Company will make continuous quality improvements through unceasing R&D
efforts & new technologies and accordingly minimize the quality cost.
 Quality mind
The company will encourage each employee’s quality and accordingly accomplish the
error-free quality.
 Quality mind creation
The company will create such premium quality value that can lead the global
automatic transmission market.
2.2.5 AREA OF OPERATION
Hyundai is striving for that next level to become Global No.1 Automobile Company through
practicing Industry Leadership and through implementing its strategy to expand its global
coverage.
The company is dedicated to enabling everyone around the world to use Hyundai,
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 19
world’snumber one map solution technology. Its expertise is the basis for its strategy of
growth alongside the Hyundai Motor Group and, indeed, its global network as a whole,
through working with national and international hardware/IT/Contents/Service providers.
Regional operation Total coverage countries
Europe 30
Middle East 16
Asia 38
Africa 38
North America 3
Central and south America 41
2.2.6 PRODUCTS OF THE HYUNDAI FAMILY
A. CARS
1. SANTRO
The new Santro Xing sports stunning design changes which
include refreshing exteriors and new look luxurious
interiors. The new front radiator grille, the full wheel cover
and the rear spoiler makes the new Santro Xing aesthetically
more appealing and sporty. With metallic touches at multiple locations and plush new two
tone beige and brown color scheme, the new Santro Xing adds elegance and style to the
existing great looks.
HYUNDAI FAMILY
SUV Passenger car
SANTA FE TUCSON
EON
TUCSON
accent
SANTRO I10 I20
veloster
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 20
Hyundai Santro was adjudged Most Dependable compact Car by JD Power Asia Pacific
2008. Santro bagged the number one position in the compact car segment in the Vehicle
Dependability Study (VDS) conducted by JD Power Asia Pacific 2008.
2. i10
A world of perfection awaits you - The world of the all
new Next Gen i10. From the cutting edge VTVT
technology behind the engine to the fluid from of its new
sleek design and stylish interiors, the new i10 is clearly
more than just a car. It's a testament to perfection. The aggressive, modern & sleek exteriors,
new 2-tone beige and light brown interiors with blue illumination and chrome accents
premium feel and make it a car like no other
Overall length (mm) 3565
Overall weight (mm) 1525
Overall height(mm) 1590
Overall wheelbase(mm) 2380
Gross vehicle weight (kg) 1300
Fuel tank capacity(l) 35
Min. turning Radius(m) 4.4
Seating capacity 5 person
Displacement 1086 cc
Manual 5 speed forward with overdrive in 4th& 5th
Automatic Electronically controlled 4 speed forward
with overdrive in 4th
Overall length (mm) 3585
Overall weight (mm) 1595
Overall height(mm) 1550
Overall wheelbase(mm) 2380
Ground clearance 165
Fuel tank capacity(l) 35
Max. power (ps/rpm) 69/5,500
Max torque(kgm/rpm) 10.1/4,500
Manual 5 speed forward with overdrive in 4th& 5th
Front brake Ventilated Disc
Rear brake drum
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 21
3. I20
The luxury hatch is hotter than ever in its new
avatar with Uber Features, Uber Style and Uber
Power. The all new i-Gen i20 is your ticket to
the Uber Life with attention to detail that makes
it not just a style statement but also a lifestyle statement.
4. Accent
The shape is fresh and modern, but the name is one that the customer knowsand can trust.
This is Hyundai Accent, the latest generation of Hyundai's subcompact family car. It has all
the time-honored qualities you have come to expect of a Hyundai - reliability and durability,
innovation and practicality, safety and economy - clothed in an eyecatching new profile.
Accent, where pedigree is allied to progress. Hyundai Accent has been designed keeping in
mind the customer expectations from a true luxury sedan. With its smooth blend of design, a
wide and bold grille in chrome, bonnet with character lines gives you a true luxury feel.
Overall length (mm) 3395
Overall weight (mm) 1710
Overall height(mm) 1505
Overall wheelbase(mm) 2525
Fuel tank capacity(l) 45
Mileage 4.4
Max. power (ps/rpm) 84/600
Max torque(kgm/rpm) 11.6/4,000
Manual 5 speed forward with overdrive in 4th& 5th
Front brake Disc
Rear brake drum
Steel wheel Era,Magna
Alloy wheel Sportz,asta,
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 22
B. SUV
1. SANTA FE
Time and opportunities are given to everyone. The
difference in happiness comes from whether we "seize" or
"miss" the values, both big and small, that every moment of our everyday lives has to offer.
Storm edge the concept behind the design of the Santa fe, which captured the powerful yet
fragile moment of nature in motion during the rise and fall of a storm. It seems to be telling
us that the brilliant moments that we should not miss are, in fact, right before our eyes.
Overall length (mm) 4280
Overall weight (mm) 1695
Overall height(mm) 1470
Overall wheelbase(mm) 2500
Fuel tank capacity(l) 45.05
Displacement 1399 cc
Turning radius(m) 5.1
Max. power (ps/rpm) 95/6000
Max torque(kgm/rpm) 12.7/4,700
Manual 5 speed forward
Automatic 4 speed forward
Front brake Disc9verfilated with floating caliper and pad
wear sensor)
Rear brake Drum type (CBS)
Overall length (mm) 4690
Overall weight (mm) 1880
Overall height(mm) 1680
Overall wheelbase(mm) 2700
Ground clearance 220
Fuel tank capacity(l) 64
Displacement 2199
Turning radius(m) 5.1
Max. power (ps/rpm) 197/3800
Max torque(kgm./rpm) 43/1800-2500
Manual 6 speed forward
Front brake Disc9verfilated with floating caliper and pad
wear sensor)
Rear brake Solid disc
Drive train (2wd)/MANUAL 169 R 2.2 VGT
Drive train (4wd)/MANUAL 174 R2.2 VGT
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 23
2. Tucson
The company dream was to find the automotive
equivalent of this incomparable feeling. To give
substance to fluidity. To engage the senses and
translate the many shades of urban life into the
most natural, intuitive vehicle there is. It’s a dream that’s finally taken shape.
Overall length (mm) 4410
Overall weight (mm) 1820
Overall height(mm) 1655
Overall wheelbase(mm) 2640
Ground clearance 220
Fuel tank capacity(l) 64
Type Petrol diesel
Seating capacity 5 including driver 5including driver
Max. power (ps/rpm) 166/5,500 177/4000
Max torque(kgm/rpm) 20.146/4,000 39/1800-2500
Manual 5 speed forward 6 speed
Front brake Ventilated disc
Rear brake Solid disc
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 24
2.3 INTRODUCTION OF LAXMI HYUNDAI NEPAL
Laxmi Intercontinental Pvt. Ltd. is a sole importer and distributor of Hyundai Vehicles for
Nepal. It deals with a full range of Hyundai vehicles from Santro (passenger car) to Santa Fe
(SUV). Laxmi Intercontinental Pvt. Ltd. started importing and selling Hyundai brands of
vehicle in Nepal after the acquisition of distributorship in February 2009. The company's
main aim was not only the sales of Hyundai vehicles but also to provide quality after sales
service to its valued Hyundai Customers. In order to achieve this aim, Laxmi Hyundai
Company has opened its showrooms and service centers across Nepal.
Laxmi Hyundai is continuously working towards providing its existing as well as prospective
customers with quality service whether it is sales or after sales services. It has established
showrooms in the heart of Kathmandu valley following Hyundai standard guidelines where
customer would feel “a difference” with the different kinds of buying experience. Sales staff
appointed in the showroom is friendly, well informed about Hyundai vehicles and very
passionate about their work. They make sure that customers feel comfortable and satisfied.
The Company's showrooms have been opened in different strategic locations of the kingdom
(Kathmandu) with the intention of providing customers an improved service in terms of
quality, space and ambience. In these showrooms, customers feel a pleasurable buying-
experience.
Similarly, the Company's after sales service and parts facilities follows the Hyundai's Global
Auto Servicing offering the full range of after sales service facilities through its high tech
equipment’s and well trained and fully motivated technicians.
Company Profile
Name of Organization Laxmi Hyundai
Year of Establishment 2009
Nature of business Sole distributor of Hyundai
Number of Employees 150 people
Turnover 227 million
Address Thapathali, Kathmandu, Nepal
Executive Director AnjanShrestha
General Manager NirakarShrestha
Area of Marketing JoytiBhattarai
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 25
2.4 DEALERS NETWORK OF LAXMI HYUNDAI
In order to capitalize the growing automobile market outside the Kathmandu valley, it has
also established sub-dealers at various locations of the country. Table below presents the
locations of the sub-dealers of Laxmi Hyundai Company throughout the country:
S.N. Dealers/Sub-Dealers Locations Development Region
1. Dhangadi Far-western Development Region
2. Dang
Mid-western Development Region3. Nepalgunj
4. Butwal
Western Development Region5. Pokhara
6. Bhairahawa
7. Narayangadh
Central Development Region
8. Kathmandu
9. Banepa
10. Birgunj
11. Damak
Eastern Development Region12. Birtamod
The table above shows that the Laxmi Hyundai Company has covered all the five
development regions of the country and they have dealers/sub-dealers in all strategic market
locations of the country. Majorities of the sub-dealers locations are in Central region (4 nos)
followed by Western region (3 nos), Eastern region (2 nos), and one each in Mid and Far
western regions.
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 26
Figure 2.1: Dealers Network in Nepal
2.5 KEY FUNCTIONS OF LAXMI HYUNDAI
The following are the major key functions of the company:
 Importing of Hyundai Vehicles from Korea and India
 Distributing those vehicles throughout the country Nepal through dealers
 Providing customer’s quality of services
 Company's showrooms have been opened with the intention of providing customers
improved services in terms of timeliness, quality, space and ambience
 Helping them in getting loans from Bank
 Providing quality of information in terms of vehicle whenever needed
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 27
Figure 2.2: Laxmi Hyundai Showroom
Figure 2.3: Waiting room at Laxmi Hyundai Nepal
Figure 2.4: Major Vehicles (models/brand) deal by Laxmi Hyundai Nepal
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 28
2.6 COMPETITOR’S INFORMATION
There are a numbers of dealers/importers dealing with different brands of vehicles in Nepal.
They import these vehicles mainly from India and other countries such as Japan, Korea and
Check Republic; however, majorities of the vehicles are imported from India. The major
dealers/importers of different vehicle brands in Nepal are as follows:
Sipradi Trading Private Ltd (STPL) has been the exclusive distributor of Tata Motors Ltd
in Nepal since 1982. STPL is an ISO 9001:2008 certified company. STPL sells and services
the full range of Tata Motors’ commercial and passenger vehicles. The company has the
largest sales and service distribution network throughout Nepal with 9 sales offices and 5
regional service centres.
HansrajHulaschand and Company (HH Company), the authorized distributor of Daihatsu
motors for Nepal, has been selling Daihatsu cars in Nepal for years. They directly import the
motors from Japan.
Sayakar Ltd imports HONDA vehicles from Japan
Continental Trading Enterprises has been under operation for over two decades delivering
the best in class brands KIA vehicles and unbridled service to Nepal from Korea.
Chaudhary Group (CG) Company imports and deals MARUTI SUZUKI vehicles from
India
MAW Enterprises Pvt. Ltd. imports and deals Skoda vehicles from India and Check
Republic
Pooja International Pvt. Ltd. imports and deals Volkswagen vehicles from India
Agni Incorporated Pvt. Ltd imports and deals Mahindra vehicles from India
Golcha Group imports and deals Ford vehicles from India
Batas Group imports and deals Fiat vehicles from India
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 29
Laxmi Intercontinental Pvt. Ltd deals HYUNDAI vehicles imported from Korea and India
Company/Dealer
Vehicles Brand
Imported
Imported from
Laxmi intercontinental HYUNDAI Korea and India
Continental Trading Enterprises KIA Korea
Chaudhary Group Company MARUTI SUZUKI India
Kumara Auto Centre MITSUBISHI Japan
Sayakar Ltd. HONDA Japan
HansrajHulaschand and Company DAIHATSU Japan
United Traders Syndicate TOYOTA Japan
Sipradi Trading Pvt. Ltd. TATA Motors India
MAW Enterprises Pvt. Ltd Skoda India and Check Republic
Pooja International Pvt. Ltd. Volkswagen India
Agni Incorporated Pvt. Ltd Mahindra India
Golcha Group Ford India
Batas Group Fiat India
Source: Collected from respective websites of dealers
MAJOR IMPORTERS/DEALERS OF DIFFERENT VEHICLE BRANDS IN NEPAL.
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 30
2.7 SWOT ANALYSIS OF THE COMPANY
SWOT analysis of the Laxmi Hyundai Company identifies and analyses the main internal and
external factors that will influence the future direction and success of the organization and its
business. It comprises of strengths and weaknesses which are the “internal factors” and
opportunities and threats which are the “external factors” that affects the organization. Such
analysis helps managers in strategic planning.
SWOT analysis of Laxmi Hyundai Company is as follow:
STRENGTH OPPORTUNITIES
Managed by experts
Many Branches and dealers
Competent Human Resource
Well defined policies, rules and regulations
Better service/customer satisfaction
Profound goodwill and customers trust
International Affiliation
Good reputation and trust among the
customers and dealers
Increased customer base
decline in bank interest rates on auto loans
along with easy financing services
Rapid road widening and extension
WEAKNESS THREAT
-Centralized decision making
Subjective employee Appraisal System
Lack of stable government
No clear government rules and regulations
Heavy custom duties and taxes on vehicles
import
heightened competition in the sector
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 31
2.8 FUTURE GROWTH AND PROSPECTS
The company has the opportunity of becoming the largest company in Nepal by establishing
large number of show rooms in rural and urban areas. Providing good service facility to the
customers. Introducing new technology adopted for four wheelers .Opening large service
branches. Introducing high mileage giving cars and less cost. Adopting international
standards in its services and understanding global requirements.Hyundai gains are coming
from the small utility segment. Nationally, utilities are expected to grow at almost twice the
rate of the overall industry during the next five years.Market share of Hyundai in Nepal is
growing at a faster rate than any of its competitors at present and will lead to a number one
automobile importer company in near future.
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 32
CHAPTER: 3
THEORETICAL BACKGROUND
OF THE STUDY
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 33
3.1 CUSTOMER RELATIONSHIP MANGEMENT
According to Ashokadutt head of Citi Bank “the idea of CRM is to know the individual
customer intimately, so that the company has a customized product ready for him even
before he asks for it.”
Many companies are intent on developing stronger bonds with their customers-called
“Customer Relationship Management (CRM). This is the process of managing detailed
information about individual customer and carefully managing all the customers “touch
points” with the aim of maximizing customer loyalty.
We can now see the importance of just finding customers, but of keeping and growing them
as well. Relationship marketing is oriented toward long term. Today’s smart companies not
only want to create customers, they want to “own” them for life.
The aim of Customer Relationship Management (CRM) is to produce high customer
equity is the total of the discounted lifetime values of all of the firm’s customer equity, rust;
Zenithal and Lemon distinguish three drivers of customer equity; value equity, and
relationship equity.
Customer relationship management (CRM) is a system for managing a company’s
interactions with current and future customers. It involves using technology to organize,
automate and synchronize sales, marketing, customer service, and technical support
3.2 TYPES
Marketing and Customer Service
CRM systems track and measure marketing campaigns over multiple networks. These
systems can track customer analysis by customer clicks and sales. Places where CRM is used
include call centers, heavily used in social media, direct mail, data storage files, banks, and
customer data queries.
CRM in customer contact centers
CRM systems are customer relationship management platforms. It is a platform for
progressing the payments and other related query management. Their goal is to track, record,
store in databases, and then data mine the information in a way that increases customer
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 34
relations The CRM codifies the interactions between you and your customers, So that you
can maximize sales and profits using analytics, to give the users as much information on
where to focus your marketing, customer service to maximize revenue, and decrease idle and
unproductive contact with your customers. The CRM software is installed in the contact
centers, and help direct customers to the right agent or self-empowered knowledge. CRM
software can also be used to identify and reward loyal customers over a period of time.
CRM in B2B market
The modern environment requires one business to interact with another via the web.
According to a Sweeney Group definition, CRM is “all the tools, technologies and
procedures to manage, improve, or facilitate sales, support and related interactions with
customers, prospects, and business partners throughout the enterprise”. It assumes that CRM
is involved in every B2B transaction
Despite the general notion that CRM systems were created for the customer-centric
businesses, they can also be applied to B2B environments to streamline and improve
customer management conditions. B2C and B2B CRM systems are not created equally and
different CRM software applies to B2B and B2C conditions. B2B relationships usually have
longer maturity times than B2C relationships. For the best level of CRM operation in a B2B
environment, the software must be personalized and delivered at individual levels.
3.3 FOUR C’S OF CUSTOMER RELATIONSHIP MANAGEMENT
Correlate:
A series of transaction and interaction that make up a dialogue between customerchannelend
user and organization.
Combine:
The mapping and management interaction points between a customerchannelend user and
organization.
Cognize:
The insight gained through capture and analysis of detailed information it to create
continuous learning from the data ware house and knowledge base that is created, integrated
and analyzed.
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 35
Connect:
The application of insight to create relevant interaction or communication with consumers,
customers, channels, suppliers and partners that build value relationship.
CRM, H. Peer Mahmed, A. Sagadevan
3.4 CUSTOMER RELATIONSHIP MANAGEMENT CYCLE
UNDERSTAND AND DIFFERENTIATE
We cannot have a relationship with customers unless we understand them what they value,
what types of service are important to them, how and when they like to interact, and what
they want to buy. True understanding is based on a combination of detailed analysis and
interaction. Several activities are important:
 Profiling to understand demographics, purchase patterns and channel preference.
 Segmentation to identify logical unique groups of customers that tend to look alike and
behave in a similar fashion. While the promise of "one-to-one" marketing sounds good, we
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 36
have not seen many organizations that have mastered the art of treating each customer
uniquely. Identification of actionable segments is a practical place to start.
 Primary research to capture needs and attitudes.
 Customer valuation to understand profitability, as well as lifetime value or long-term
potential. Value may also be based on the customer's ability or inclination to refer other
profitable customers.
Analysis and research alone, however, are insufficient. To create and foster a relationship, we
have to act on what we learn about customers. Customers need to see that we are
differentiating our service and communications based both on what we've learned
independently and on what they've told us.
At the same time, differentiation should be based on the value customers are expected to
deliver.
DEVELOP AND CUSTOMIZE
In the product-oriented world of yesterday, companies developed products and services and
expected customers to buy them. In a customer-focused world, product and channel
development have to follow the customer's lead. Organizations are increasingly developing
products and services, and even new channels, based on customer needs and service
expectations.
Most organizations today are not able to cost-effectively customize products for individual
customers. However, products, services, channels and media can be customized based on the
needs of quantitative customer segments. The extent of customization should be based on the
potential value delivered by the customer segment.
Interact and Deliver
Interaction is also a critical component of a successful CRM initiative. It is important to
remember that interaction doesn't just occur through marketing and sales channels and media;
customers interact in many different ways with many different areas of the organization
including distribution and shipping, customer service and online.
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 37
To foster relationships, organizations need to insure that:
 All areas of the organization have easy access to relevant, actionable customer information.
 All areas are trained how to use customer information to tailor interactions based on both
customer needs and potential customer value.
With access to information and appropriate training, organizations will be prepared to
steadily increase the value they deliver to customers. Delivering value is a cornerstone of the
relationship. And remember, value is not just based on the price of the product or the
discounts offered. In fact, customer perceptions of value are based on a number of factors
including the quality of products and services, convenience, speed, ease of use,
responsiveness and service excellence.
Acquire and Retain
The more we learn about customers, the easier it is to pinpoint those that are producing the
greatest value for the organization. Those are the customers and customer segments that we
want to clone in our prospecting and acquisition efforts. And, because we continue to learn
about what is valuable to each segment, we'll be much more likely to score a "win" with the
right channel, right media, right product, right offer, right timing and most relevant message.
Successful customer retention basically involves getting it "right" on an ongoing basis.
Successful customer retention is based very simply on the organization's ability to constantly
deliver on three principles:
 Maintain interaction; never stop listening.
 Continue to deliver on the customer's definition of value.
 Remember that customers change as they move through differing life stages; be alert for the
changes and be prepared to modify the service and value proposition as they change.
And so the cycle continues. As you move from one stage to the next, you gain insight and
understanding that enhances your subsequent efforts. Your development initiatives
simultaneously become increasingly sophisticated as does your implementation of CRM
processes.
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 38
CHAPTER – 4
DATA ANALYSIS
&
INTERPRETATION
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 39
Table 4.1: Table showing the number of people who possessed a car.
Possessing a car In numbers In percentage
Yes 50 77
No 15 23
Total 65 100
Analysis: Out of the 65 respondents 50 of them possessed a car and the rest of 15 didn’t
possess a car.
Chart 4.1:Table showing the number of people who possessed a car.
Interpretation: Majority of the respondent i.e. 77% of them were the owner of the car.
77%
23%
People Having Car
yes
no
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 40
60%
8%
18%
10% 4%
Source Of Awareness
Newspaper /Magazines
Social Media
Friends
Websites
Other
Table 4.2: Table showing the Source of Awareness.
Awareness In numbers In percentage
Newspaper/magazines 32 60
Social Media 03 8
Friends 11 18
Websites 02 10
Other 01 4
Total 50 100
Analysis: From the above table, 60% said that they became awareness through the
‘Newspaper/magazine’ advertisement , 18% said that they came to know about the Laxmi
Hyundai through friends and relatives ,8% said through ‘social media’ , 10% said it is
‘website’ and only ‘4%’ specified as others.
Chart 4.2: Chart showing the Source of Awareness
Interpretation: Majority of the respondent i.e. 60% found that the newspaper and magazine
advertisement has played a major role in creating awareness among the people.
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 41
Table 4.3:Table showing how respondent find the Ambience of the showroom.
Ambience In numbers In percentage
Excellent 25 50
Good 15 30
Satisfactory 08 16
Poor 02 04
Very poor 0 0
Total 50 100
Analysis:50 % of respondent opting that the ambience of the showroom is “excellent”, 30%
of them found it “good”.16 % of them stated it to be “satisfactory” and very less 4% stated it
is “verypoor”.
Chart 4.3: Chart showing how respondent find the Ambience of this showroom.
Interpretation: Majority of the respondents stated that the ambience of the showroom is
"excellent" as stated by 50% of the customers which is a good indicator for the showroom.
50%
30%
16%
4% 0%
Ambience Of The Showroom
Excellent
Good
Satifactory
Poor
Very poor
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 42
18%
22%
56%
4% 0%
Staff Response
Very co-operative
Co-operative
Responsive
Non-Cooperative
Highly non-Cooperative
Table 4.4: Table showing the staff responsiveness towards the customer at showroom.
Staff response In numbers In percentage
Very Cooperative 09 18
Cooperative 11 22
Responsive 28 56
Non-cooperative 02 4
Highly non-Cooperative 00 00
Total 50 100
Analysis: The above table shows that, most of the customer i.e.18 % of them found the show
room staff to be “very cooperative” ,22% stated as“co-operative”, a major percentage i.e.
56% of them felt the staff is ‘responsive’ than cooperative (respond only when asked, without
having any personal initiation),4% of them rated the staff to be “non-cooperative” and none
of them rated as “highly non-cooperative”.
Chart 4.4: Chart showing the staff responsiveness towards the customer at showroom.
Interpretation: Majority of staff response is found to be "Responsive" rather than co-
operative. It seems Staff doesn't respond until asked for which may lead to negative impact
on the perception of the customers about this showroom.
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 43
8%
17%
63%
8% 4%
Time Taken In Attending a Call
Very Quick
Quick
Resonable
Delayed
Very much Delayed
Table 4.5: Table showing the Time taken by receptionist in attending a customer call.
Time Taken In numbers In percentage
Very quick 4 8
Quick 08 17
Reasonable 31 63
Delayed 04 08
Very much Delayed 02 04
Total 50 100
Analysis: According to above table it shows that the 8% of the respondent stated it as “ very
quick”,17% of respondent stated it as “quick”, time taken is “reasonable” as stated by 63%
of the respondent 8% of them found it to be “delayed”, 4% said it is “ very much delayed “.
Chart 4.5: Table showing the Time taken by receptionist in attending a customer call
Interpretation: Time taken to provide the services required by the customers is considered
as "reasonable" by the most of the respondent (i.e. 63%).
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 44
Table 4.6: Table showing the Sales executive role in explanation the features of car to
customer.
Explanation IN NUMBERS IN PERCENTAGE
Convincing 12 24
Satisfactory 18 36
Unless asked 20 40
Total 50 100
Analysis: Out of the 50 respondent , 24% of them felt the explanation to be
“convincing”,36% felt it as “ satisfactory “ and major percentage 40% felt it to be “ non-
convincing” .
Chart 4.6: Chart showing the Sales executive role in explaining the features of car to
customer
Interpretation: Majority of the respondent i.e. 40% found the sales executive don’t explain
the entire feature unless asked by the customer.
24%
36%
40%
Sales Executive Performance
Convincing
Satisfactory
Unless asked
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 45
0% 2%
12%
18%
68%
Process Involved in Providing Financial
Facilities
very simple
Simple
Moderate
Complex
Very Complex
Table 4.7: Table showing the respondent opinion about the process involved in providing
financial facilities.
Processing procedure IN NUMBERS IN PERCENTAGE
Very simple 00 00
Simple 01 2
Moderate 6 12
Complex 9 18
Very Complex 34 68
Total 50 100
Analysis: According to the above table 68% of the respondent stated that “ process “
involved for financial facilities are “ very complex”,18% stated it to be “complex “,12% to be
“moderate” and Only 2% of them stated it to be “simple”.
Chart 4.7: Chart showing the respondent opinion about the process involved in providing
financial facilities.
Interpretation: Majority of the respondent i.e. 68% considered the process to be very
complex. . They didn’t find it to be very convenient and simple.
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 46
12%
66%
22%
Availability Of Colors
Wide
Limited
Very few
Table 4.8: Table showing availability of Color variants for customer in the showroom.
Availability of colors In numbers In percentage
Wide 06 12
Limited 33 66
Very few 11 22
Total 50 100
Analysis: From the above table it can be understood that ‘limited range’ of colors is available
in this showroom as stated by 66% of the respondent, 12% stated that this showroom contains
‘wide colors” and 22% stated “very few range of color”.
Chart 4.8: Chart showing availability of Color variants for customer in the showroom.
Interpretation: Majority of the respondent i.e.66% stated that the availability of varied
colors in this showroom seems to be limited .It shows that customer is given a limited choice
in matter of color of the car.
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 47
Table 4.9: Table showing respondent likelinessin suggesting to other friends & relatives.
Suggesting to friends In numbers In percentage
Yes 38 76
No 12 24
Total 50 100
Analysis: According to above table it shows that, 76% of the customers are very likely to
suggest this showroom to their friends / relatives. The 24% of the customers are reluctant to
suggest these showrooms to friends/relatives.
Chart 4.9: Chartshowing respondent likeliness in suggesting to other friends & relatives.
Interpretation: Majority of the respondents i.e. 76% are ready to suggest the car to other. It
is an indication of high satisfaction level andcustomers are happy with the service provided
by the showroom.
Table 4.10: Table showing the reason for suggesting the showroom to others.
76%
24%
CustomerSuggesting To Other
yes
No
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 48
Reasons In numbers In percentage
Quick Service 12 24
Timely Response 9 18
Friendly Atmosphere 7 14
Trust Worthiness 19 38
Infrastructure 03 6
Total 50 100
Analysis: 38% of the respondents stated the reasons of “trust worthiness”,24% of the
respondents stated “ quick service” , 18% respondent stated “Timely response”, 14% state
friendly atmosphere and only 6% for infrastructure,
Chart 4.10: Chart showing the reason for suggesting the showroom to others.
Interpretation: Majority of the respondent i.e. 38% considered the trust worthiness to be the
reason for suggesting the showroom to other.
Table 4.11: Table showing the customer opinion about the equipment’s efficiency in the
showroom for the purpose of maintenance of the cars.
24%
18%
14%
38%
6%
Reason to Suggest Other
quick service
timely response
friendly atmosphere
trust wortiness
infrastructure
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 49
Ability of showroom In numbers In percentage
Excellent 19 38
Good 06 12
Satisfactory 14 28
Poor 07 14
Very poor 04 8
Total 50 100
Analysis: 38% of the respondent rated it as excellent as compared to other showroom another
majority of respondents i.e. 28% of them stated it as “satisfactory”. 14% of the respondent
said it is “poor”. 12 % stated as “good” and only 8% stated “very poor”.
Chart 4.11: Chart showing the customer opinion about the equipment presence in the
showroom for the purpose of maintenance of the cars.
Interpretation: Out of 50 customers, Majority of customer stated thatthe showroom has
excellent equipment in maintaining the cars.
Table 4.12: Table showing any inconvenience felt by customer after leaving their car for
service.
38%
12%
28%
14%
8%
Equipments efficiency
Excellent
Good
Satisfatory
Poor
Very Poor
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 50
Inconvenience felt In numbers In percentage
Never 33 66
Sometimes 18 34
Always 0 0
Total 50 100
Analysis: 66% of the respondent have “never” felt any inconvenience, whereas 34% have felt
“sometime” and none of them have felt “always”.
Chart 4.12: Chart showing any inconvenience felt by customer after leaving their car for
service.
.
Interpretation: As majority of 66% of respondent had positive attitude towards the customer
service of Laxmi Hyundai.
Table 4.13: Table showing whether the customer had raised any complaints against the
problem faced by him/her to the management.
66%
34%
0%
Inconvenience Felt by Customer
Never
Sometimes
Always
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 51
Complaint Raised In numbers In percentage
Yes 16 30
No 34 70
Total 50 100
Analysis: As 30% respondent say that they have raised some issue where as 70% of the
respondent says that they haven’t raised any issue till date.
Chart 4.13: Chart showing whether the customer had raised any complaint against the
problem faced by him/her to the management.
Interpretation: As majority of respondent i.e. 70% had replied that they never had to
approach the management for any problems.
Table 4.14: Table showing reasons for complaining.
Issue Raised In numbers In percentage
30%
70%
Complaint Raised
Yes
No
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 52
Wrong communication by salesman 6 37
Actual bill exceeding the estimated bill 4 25
Fall in performance of the car after service 2 13
Delay in handling over the vehicles 3 19
Infrastructure 1 6
Total 16 100
Analysis : As 37% respondent replied that the issue/problem faced by them was the wrong
communication by the salesman, whereas 25% of respondent replied that their actual bill
exceeded the estimated bill,13% replied fall in performance of the car after service,19%
stated delay in handling over the vehicles and 6% had issue on infrastructure.
Chart 4.14: Chart showing reasons for complaining.
Interpretation: As majority 37% respondent had problem on wrong communication by sales
man.
Table 4.15: Table showing whether the problem was cleared by the management or not.
Complaint solved In numbers In percentage
37%
25%
13%
19%
6%
Issue of Complaint Raised By Respondent
Wrong communication by
salesman
Actual bill exceeding the
estimated bill
Fall in performance of the car
after service
Delay in handling over the
vehicles
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 53
Yes 13 81
No 3 19
Total 16 100
Analysis:Maximum percentage of respondent i.e. 81% replied that there problem were
solved by the management ,whereasthe rest 19% stated that their problem were not taken
care by the management.
Chart 4.15: Chart showing whether the problem was cleared by the management or not.
Interpretation: As majority of respondent (81%) were satisfied with the management, as
their problem were taken good care by the Laxmi Hyundai management.
Table 4.16: Table showing duration to solve the issue by the management.
Duration to solve the issue In numbers In percentage
81%
19%
Problem Solved by Management
yes
NA
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 54
Within few hours 6 46
Within 1 day 3 23
With 1 week 2 15
More than 1 week 1 8
More than 2 week 1 8
Total 13 100
Analysis :As 46% respondent replied that their issue were solved with in few hours by the
management but rest 23% replied within 1 day,15% replied with in 1 week,8% replied more
than 1 week and 8 % more than 2 week for their problem to be solved by the management.
Charts 4.16: : Table showing duration to solve the issue by the management.
Interpretation: As majority 46% respondent had positive response for their issue which was
send to the management. As their complaints where replied with in 1 hour after their
complaint being registered. This was due to good CRM techniques used by Laxmi Hyundai
to face and handle complaints.
Table 4.17: Table showing how the customers rate the service after sale.
46%
23%
15%
8%
8%
Timetaken to Solve the Issue
within 1 hour
within 1 day
within 1 week
more than 1 week
more than 2 week
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 55
6%
20%
58%
10% 6%
After Sales Service
Excellent
Good
Satisfactory
poor
very poor
After sales service In numbers In percentage
Excellent 3 6
Good 10 20
Satisfactory 29 58
Poor 05 10
Very Poor 03 6
Total 100 100
Analysis: 58% of the respondents stated the “after sales service” to be satisfactory. This
shows that the after sales service in not such effective as stated by the respondents, 20% of
the respondents said that was “good”, only 6% as excellent and almost 6% found it to be
“poor” and “very poor”.
Chart 4.17: Chart showing how the customer rates the service after sale.
Interpretation :The "after sales service" is stated by most i.e. 58% as "satisfactory" and a
very few stated it as "excellent" and "good".
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 56
Table 4.18: Table showing regarding overall all experience of the customer with this
showroom.
Overall experience In numbers In percentage
Excellent 17 34
Good 10 20
Satisfactory 13 26
poor 7 14
Very poor 3 6
Total 50 100
Analysis: Out of the respondents, 34% have stated their experience as “excellent”, 20% as
“good”, 26% as “satisfactory”. 14% have stated it as “poor” and only 6% stated it as”very
poor”. This shows that on the whole customers are just “satisfied” with the services offered
at this showroom.
Chart 4.13: Chart showing regarding overall all experience of the customer with this
showroom.
Interpretation: The overall experience of the customer is found to be "excellent" as state by
34% of the respondents.
34%
20%
26%
14%
6%
Overall Experience
Excellent
Good
Satisfactory
poor
Very poor
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 57
CHAPTER: 5
FINDINGS, SUGGESTIONS
&
CONCLUSION
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 58
FINDINGS
From the responses of 50 customers the findings can be listed as:
1. It has been found that the newspaper and magazine are the major source of awareness
about the dealer.
2. The ambience of the showroomis "excellent" as stated by most of the customers. This is
a good indicator for the showroom.
3. The staff response is found to be "Responsive" rather than co-operative. It seems "Staff"
doesn't respond until asked for. This may lead negative impact on the perception of the
customers about this showroom.
4. Time taken to attend the customercall is considered as "reasonable" by the most of the
respondent.
5. It seems most of the customers found the "sales executive explanation" just
"Satisfactory" than "Convincing". Few (20 out of 50) even stated that sales executives
don't explain all the features unless asked.
6. The process involved in providing financial facilities is considered as (68% of
respondents) as very complex & time consuming. They don't find it very convenient.
7. As most of the customer states that the “after sales service" provided by the showroom
is just “satisfactory" therefore the company needs to be consider this issue seriously in
order to satisfy more customer in near future.
8. The availability of varied colors in this showroom seems to be very limited as stated by
most of respondents. It shows that customer is given a limited choice in matter of color
of the car.
9. As much as 76% of respondent have stated that they are very likely to suggest this
showroom to their friendsrelatives. . It is an indication of high satisfaction level and
customers are happy with the service provided by the showroom.
10. As most of the respondent i.e. 38% considered the trust worthiness to be the reason for
suggesting the showroom to other.
11. Most of respondent stated that the equipment used for the maintaining the vehicles was
excellent.
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 59
12. As most of the respondent had replied that they had never felt any inconvenience after
leaving their car for service. It shows that Laxmi Hyundai has built the trust in the mind
of the customer.
13. The number of respondent responded that they had never come across any complaints
or issued to be raised against the Laxmi Hyundai. This shows that Laxmi Hyundai was
providing better CRM.
14. Out of 16 respondent only 6 had an issue of complaint regarding the wrong
communication by sales man so Laxmi Hyundai should provide proper training to the
sales person.
15. Most of the respondents were satisfied with the management, as their problem was
taken good care by the Laxmi Hyundai management.
16. Majority of the respondent had positive response for their issue which was send to the
management. As their complaints were resolvedwithin 1 hour after their complaint
being registered. This was due to good CRM techniques used by Laxmi Hyundai to face
and handle complaints.
17. Majority of the customer stated that their overall experience towards the showroom was
found to be "excellent”.
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 60
RECOMMENDATIONS
An attempt has been made to suggest to the CRM department of the
showroom a few measures. These recommendations have been made within the preview of
the data available.
1. The staff should be trained on regular basis, such that customers find them very co-
operative.
2. The time taken in attending the customer call needs to be minimum.Effective and less
time consumptions are the important factors, which determine customer relationship
management.
3. The sales executive should be trained adequately so as to "Convince" the potential
buyers, because his performance on job has great impact on CRM.
4. The process involved in providing financial facilities needs to be made simple as much
of the respondents stated it to be complex and time consuming.
5. After sales service should be more customized. A toll free facility should be introduced
which help the customer to define their problem. If possible a mobile unit can be
maintained so that customer need not have to bring car to the showroom in case of any
problems.
6. These days most of the people wish to have some graphics over their cars. This may be
a mix of color shades, some additional components etc. Showrooms may try to provide
these kinds of customized solutions not requiring the customer to go at some other
place.
7. Most people who buy cars wish to have fancy numbers. They spend considerable
amounts to get these fancy numbers. Showrooms may work in this aspect and get into
agreement with the registration office to provide these fancy numbers without taking
exorbitant charge.
8. More EMI schemes can be introduced as customers find it more convenient in paying a
EMI.
9. A call to the customers as per the schedule of service to know the working of car so that
prompt service can be provided in case of need.
10. Extra offer to customer on referring to his friends/relatives.
11. Maintaining the high level of customer convincing.
12. Introduce the online booking facilities for customer to service their cars.
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 61
CONCLUSION
On the basis of simple random sampling the total sample size attended was 65 customers in
which 50 respondent were who owned the Laxmi Hyundai vehicles. The data analysis was
done with help of techniques such as questioner and different survey method. The proceeding
of this study was done by a survey, which is an appropriate tool to maintain the level of
customer Relationship. A structured questionnaire was developed in the process. These tools
helped in analyzing the obtained information or results which projected certain findings and
recommendations.
From the research, several issues are found which needs to be emphasized for Laxmi
Hyundai was greater success. Marketing strategy adopted by the organization is attracting
huge customers. What have been noticed after interviewing around 50 customers that almost
75% of customers were happy and satisfied by the work of Hyundai Nepal. This shows that
the showroom and all the service departments are most popular among the customers and
they are doing the great job.
Based on the findings of the study it is suggested that Laxmi Hyundai should do frequent
market research on the basis of structured questionnaire to understand the existing market
situation and carry out the corrective measures or improvements as needed for sales
promotion. Laxmi Hyundai Company should frequently improve in its complaints handling
system of customers to effectively manage such complaints of various customers and
encourage customers to give more positive feedback about the product and services. The
management must be able to collect and documents complaint and use that information to
identify dissatisfied customers. Finally, lack of stable government, no clear government rules
and regulations, heavy custom duties and taxes imposed on vehicles import, acute/heightened
competition in the sector are some of the areas where the government should focus to
improve and make the business more lucrative.
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 62
BIBILIOGRAPHY
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 63
BIBILIOGRAPHY
1. Indian management
2. Principles of marketing
3. Marketing management
 Philip Kotler
4. Marketing research
 G.C. Beri
5. Customer Relationship Management
- William G.zikmund
-Raymond mc. leod, JR
-Faye W. Gilbert
6. TATA Mc. Graw Hill, Marketing Management
-RajanSaxena
7. Customer relationship management
Jagdishsheth
Atulparvatiyar
G Shaniesh
Web sites-
www.laxmiHyndai.com
www.Google.com
www.sciencedirect.com
www.worldwide.hyundai.com
www.wikipedia.com
Journal :
 njazz J. Chen, Karen Popovich, (2003) "Understanding customer relationship
management (CRM): People, process and technology", Business Process
Management Journal, Vol. 9 Iss: 5, pp.672 - 688
 Jagdishsheth thought leader
 Adrian Payne, PennieFrow (2005) A Strategic Framework for Customer
Relationship Management. Journal of Marketing: October 2005, Vol. 69, No. 4, pp.
167-176.
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 64
ANNEXURE
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 65
QUESTIONNAIRES
Dear customer,
I am MBA student of, REVA INSTITIUTE OF TECHNOLOGY
AND MANGEMENT doing a survey on customer relationship management with regard to
this showroom. I would be grateful to you if you could spare a few minutes to this
questionnaire.
1. Do you own a car? YesNo.
i. If yes, please specify....................................................
2. How did you come to know about Laxmi Hyundai Company?
i. Newspaper
Advertisement
ii. Social media
iii. Others, specify…………
iv. Websites
v. Friends
3. How do you find the ambience of this showroom?
i. Excellent
ii. Very good
iii. Good
iv. Satisfactory
v. Needs to be improved
4. How do you feel the staff responsiveness when you enter the showroom?
i. very Co-operative
ii. Co-operative
iii. Responsive
iv. Non-Co-operative
v. Highlynon-co-operative
5. What do you feel about the time taken by the receptionist of this service center
inattending your call?
i. Very quick
ii. Quick
iii. Reasonable
iv. Delay
v. Very much delay
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 66
6. How do you find the sales executives explanation about the car features?
i. Convincing
ii. Satisfactory
iii. Non convincing
iv. Non satisfied
v. Unless asked
7. How do you find the process involved in providing the financial facilities by
showroom?
i. Very Simple
ii. Simple
iii. Moderate
iv. Complex
v. very complex
8. How do you find the availability of choice of car colors in this showroom?
i. Wide range
ii. Limited
iii. Very few
9. Will you suggest this showroom to your friend'srelatives?
i. Yes ii. No
A. If yes, because of
i. quick service
ii. Timely response
iii. Friendly atmosphere
iv. Trust worthiness
v. infrastructure
B. If No, please specify …………………………………………………….
10. How do you feel about the equipment’s used here to deal with carscompared to
others?
i. Excellent
ii. Good
iii. Satisfactory
iv. poor
v. very poor
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 67
11. Have you felt inconvenience after leaving yours car for service with the dealer?
i. Always
ii. Sometimes
iii. Never
12. Have you raised any complaint against the problem/inconvenience faced by you to the
management?
i. Yes ii. No
a) The issue raised by you was related to
i. Wrong communication
ii. Actual bill exceeding the estimated bill
iii. Performance of car after service
iv. Delay in delivering the vehicles after service
b) If yes, was the problem/issue attended and solved by the management?
i. Yes
ii. No
c) How long did the management take to solve your issue?
i. Within few hrs.
ii. 1 day
iii. Within 1 week
iv. More than 1 week.
v. None
13. How do you rate after sales service of this showroom?
i. Excellent
ii. Good
iii. Satisfactory
iv. Poor
v. Very poor
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 68
14. How is yours overall experience with this showroom?
i. Excellent
ii. Good
iii. Satisfactory
Personal profile
Name:-
Occupation:-
Address:-
Contact No.
Thank you for valuable time.
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 69
Service Reception
Waiting Room
Repair &Maintenance
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 70
Spare parts store
Paint Booth
Service area
A Study on CRM Practice of Laxmi Hyundai
REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 71
Washing
Diagnosis
Wheel balance and Tyre change

Más contenido relacionado

La actualidad más candente

Amala organiations study at kamco
Amala organiations study at kamcoAmala organiations study at kamco
Amala organiations study at kamco
Libu Thomas
 
unorganised retail sector in india
unorganised retail sector in indiaunorganised retail sector in india
unorganised retail sector in india
Dileep Masanakatti
 
Project report on crm
Project report on crmProject report on crm
Project report on crm
Ahmed Zidan
 
A PROJECT REPORT ON MARKETING RESEARCH
A PROJECT REPORT ON MARKETING RESEARCHA PROJECT REPORT ON MARKETING RESEARCH
A PROJECT REPORT ON MARKETING RESEARCH
sanjay3017
 
A study on customer satisfaction towards honda activa
A study on customer satisfaction towards honda activaA study on customer satisfaction towards honda activa
A study on customer satisfaction towards honda activa
Hardik Ranpariya
 
"A study of digital marketing services" -summer internship project
"A study of digital marketing services" -summer internship project"A study of digital marketing services" -summer internship project
"A study of digital marketing services" -summer internship project
MarketerBoard
 
two wheeler industry
two wheeler industrytwo wheeler industry
two wheeler industry
umesh yadav
 
Customer satisfaction-mahindera
Customer satisfaction-mahinderaCustomer satisfaction-mahindera
Customer satisfaction-mahindera
mohit gupta
 

La actualidad más candente (20)

project-report-on-tata-motors.pdf
project-report-on-tata-motors.pdfproject-report-on-tata-motors.pdf
project-report-on-tata-motors.pdf
 
project report on mahindra and mahindra
project report on mahindra and mahindraproject report on mahindra and mahindra
project report on mahindra and mahindra
 
Amala organiations study at kamco
Amala organiations study at kamcoAmala organiations study at kamco
Amala organiations study at kamco
 
MBA HR PROJECT REPORT ON TRAINING AND DEVELOPMENT
MBA HR PROJECT REPORT ON TRAINING AND DEVELOPMENTMBA HR PROJECT REPORT ON TRAINING AND DEVELOPMENT
MBA HR PROJECT REPORT ON TRAINING AND DEVELOPMENT
 
unorganised retail sector in india
unorganised retail sector in indiaunorganised retail sector in india
unorganised retail sector in india
 
MBA Marketing SIP Report
MBA Marketing SIP ReportMBA Marketing SIP Report
MBA Marketing SIP Report
 
Project report on crm
Project report on crmProject report on crm
Project report on crm
 
A project report on customer relationship management in J&K Bank
A project report on customer relationship management in J&K BankA project report on customer relationship management in J&K Bank
A project report on customer relationship management in J&K Bank
 
A projects report on effectiveness of retailing mix in big bazaar
A projects report on effectiveness of retailing mix in big bazaarA projects report on effectiveness of retailing mix in big bazaar
A projects report on effectiveness of retailing mix in big bazaar
 
MBA PROJECT
MBA PROJECTMBA PROJECT
MBA PROJECT
 
A PROJECT REPORT ON MARKETING RESEARCH
A PROJECT REPORT ON MARKETING RESEARCHA PROJECT REPORT ON MARKETING RESEARCH
A PROJECT REPORT ON MARKETING RESEARCH
 
general management project
general management project general management project
general management project
 
Organization study on m&m tractors
Organization study on m&m tractorsOrganization study on m&m tractors
Organization study on m&m tractors
 
A study on customer satisfaction towards honda activa
A study on customer satisfaction towards honda activaA study on customer satisfaction towards honda activa
A study on customer satisfaction towards honda activa
 
A study on the customer perception towards online shopping (2)
A study on the customer perception towards online shopping (2)A study on the customer perception towards online shopping (2)
A study on the customer perception towards online shopping (2)
 
Research on reliance trends
Research on reliance trendsResearch on reliance trends
Research on reliance trends
 
A study on sales promotion SIP MBA Marketing
A study on sales promotion SIP MBA MarketingA study on sales promotion SIP MBA Marketing
A study on sales promotion SIP MBA Marketing
 
"A study of digital marketing services" -summer internship project
"A study of digital marketing services" -summer internship project"A study of digital marketing services" -summer internship project
"A study of digital marketing services" -summer internship project
 
two wheeler industry
two wheeler industrytwo wheeler industry
two wheeler industry
 
Customer satisfaction-mahindera
Customer satisfaction-mahinderaCustomer satisfaction-mahindera
Customer satisfaction-mahindera
 

Similar a a study on CRM practise of LAXMI HYUNDAI(NEPAL)

28187307-Customer-Relationship-Management-Project-Report.pdf
28187307-Customer-Relationship-Management-Project-Report.pdf28187307-Customer-Relationship-Management-Project-Report.pdf
28187307-Customer-Relationship-Management-Project-Report.pdf
MuhammadSahil37
 
Customer preference for volkswagen cars
Customer preference for volkswagen carsCustomer preference for volkswagen cars
Customer preference for volkswagen cars
Swamit Gupta
 
Project report on- "A study of digital marketing services"
Project report on- "A study of digital marketing services" Project report on- "A study of digital marketing services"
Project report on- "A study of digital marketing services"
MarketerBoard
 
summer training report on recruitment and selection (1).pdf
summer training report on recruitment and selection (1).pdfsummer training report on recruitment and selection (1).pdf
summer training report on recruitment and selection (1).pdf
ShivkantSingh7
 
INTERIM SIP REPORT of Aditya Singh.docx
INTERIM SIP REPORT of  Aditya Singh.docxINTERIM SIP REPORT of  Aditya Singh.docx
INTERIM SIP REPORT of Aditya Singh.docx
KamalKumar358813
 
S I P project REPORT FINAL
S I P project REPORT FINALS I P project REPORT FINAL
S I P project REPORT FINAL
Souradip Mondal
 

Similar a a study on CRM practise of LAXMI HYUNDAI(NEPAL) (20)

to study customer relationship management towards pooja industries.pvt.ltd, ...
to study customer relationship management towards  pooja industries.pvt.ltd, ...to study customer relationship management towards  pooja industries.pvt.ltd, ...
to study customer relationship management towards pooja industries.pvt.ltd, ...
 
28187307-Customer-Relationship-Management-Project-Report.pdf
28187307-Customer-Relationship-Management-Project-Report.pdf28187307-Customer-Relationship-Management-Project-Report.pdf
28187307-Customer-Relationship-Management-Project-Report.pdf
 
Pro on crm santosh
Pro on crm  santoshPro on crm  santosh
Pro on crm santosh
 
CUSTOMER RELATIONSHIP MANAGEMENT OF GIFT SHOP START UP IN WESTERN ODISHA
CUSTOMER RELATIONSHIP MANAGEMENT OF GIFT SHOP START UP IN WESTERN ODISHACUSTOMER RELATIONSHIP MANAGEMENT OF GIFT SHOP START UP IN WESTERN ODISHA
CUSTOMER RELATIONSHIP MANAGEMENT OF GIFT SHOP START UP IN WESTERN ODISHA
 
Customer preference for volkswagen cars
Customer preference for volkswagen carsCustomer preference for volkswagen cars
Customer preference for volkswagen cars
 
Effectiveness of CRM programme in sbi
Effectiveness of CRM programme in sbiEffectiveness of CRM programme in sbi
Effectiveness of CRM programme in sbi
 
ARJUN
ARJUNARJUN
ARJUN
 
Crm project
Crm projectCrm project
Crm project
 
Project report on- "A study of digital marketing services"
Project report on- "A study of digital marketing services" Project report on- "A study of digital marketing services"
Project report on- "A study of digital marketing services"
 
summer training report on recruitment and selection (1).pdf
summer training report on recruitment and selection (1).pdfsummer training report on recruitment and selection (1).pdf
summer training report on recruitment and selection (1).pdf
 
A Report On Customer Relationship Management (CRM) Model
A Report On Customer Relationship Management (CRM) ModelA Report On Customer Relationship Management (CRM) Model
A Report On Customer Relationship Management (CRM) Model
 
INTERIM SIP REPORT of Aditya Singh.docx
INTERIM SIP REPORT of  Aditya Singh.docxINTERIM SIP REPORT of  Aditya Singh.docx
INTERIM SIP REPORT of Aditya Singh.docx
 
Project report on a study of digital marketing services
Project report on a study of digital marketing servicesProject report on a study of digital marketing services
Project report on a study of digital marketing services
 
Overview Of CRM
Overview Of CRMOverview Of CRM
Overview Of CRM
 
4 57.docx
4 57.docx4 57.docx
4 57.docx
 
S I P project REPORT FINAL
S I P project REPORT FINALS I P project REPORT FINAL
S I P project REPORT FINAL
 
Crm at private banks
Crm at private banksCrm at private banks
Crm at private banks
 
Automobile Lead Generation Strategies & Outcome Research Paper - 2019
Automobile Lead Generation Strategies & Outcome Research Paper - 2019Automobile Lead Generation Strategies & Outcome Research Paper - 2019
Automobile Lead Generation Strategies & Outcome Research Paper - 2019
 
project on crm in mahindra and mahindra
 project on crm in mahindra and mahindra project on crm in mahindra and mahindra
project on crm in mahindra and mahindra
 
Amul final pdf
Amul final pdfAmul final pdf
Amul final pdf
 

Último

Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
ZurliaSoop
 

Último (20)

Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)
 
Towards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptxTowards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptx
 
Food safety_Challenges food safety laboratories_.pdf
Food safety_Challenges food safety laboratories_.pdfFood safety_Challenges food safety laboratories_.pdf
Food safety_Challenges food safety laboratories_.pdf
 
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024
 
ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.
 
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxHMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
 
Google Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptxGoogle Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptx
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
How to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSHow to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POS
 
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdfUnit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
 
Single or Multiple melodic lines structure
Single or Multiple melodic lines structureSingle or Multiple melodic lines structure
Single or Multiple melodic lines structure
 
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
 
How to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptxHow to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptx
 
Graduate Outcomes Presentation Slides - English
Graduate Outcomes Presentation Slides - EnglishGraduate Outcomes Presentation Slides - English
Graduate Outcomes Presentation Slides - English
 
On National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsOn National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan Fellows
 
Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)
 
How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17
 
Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning ExhibitSociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibit
 
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
 
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
 

a study on CRM practise of LAXMI HYUNDAI(NEPAL)

  • 1. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 1 Internship Report on “A Study on Customer Relationship Management Practice of Laxmi Hyundai” Submitted By: ANAND KARKI 1RE12MBA64 Submitted To: VISVESVARAYA TECHNOLOGICAL UNIVERSITY, BELGAUM In partial fulfillment of the requirements for the award of the degree of MASTER OF BUSINESS ADMINISTRATION Under the guidance of INTERNAL GUIDE EXTERNAL GUIDE Prof. Manjunath V S Nirpesh Niroula Asst. Professor Asst. Marketing Manager Laxmi InterContinental Pvt Ltd. Department of MBA Reva Institute of Technology and Management Rukmini Knowledge Park, Kattigenahalli, Yelahanka, Bengaluru-560064. DECLARATION
  • 2. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 2 I Anand karki, hereby declare that the Internship Report entitled “A Study on Customer Relationship Management Practice of Laxmi Hyundai” with reference to “Laxmi InterContinental Pvt. Ltd, Kathmandu” prepared by me under the guidance of Prof. Manjunath V S, faculty of MBA Department, Reva Institute of Technology and Management and external assistance by Nirpesh Niroula, Assistant Marketing Manager of Laxmi InterContinental Pvt. Ltd I also declare that this Internship work is towards the partial fulfillment of the university regulations for the award of degree of Master of Business Administration by Visvesvaraya Technological University, Belgaum. I have undergone a summer project for a period of twelve weeks. I further declare that this project is based on the original study undertaken by me and has not been submitted for the award of any degree/diploma from any other University/Institution. Signature of the Student Place:Bangalore. StudentName : Anandkarki Date: 07/07/2014 USN : 1RE12MBA64 Acknowledgement
  • 3. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 3 I would like to take this opportunity to thank everyone who has helped me throughout the internship. Firstand foremost, I would like to thank Dr. N. Ranapratap Reddy, Principal of Reva Institute of Technology and Management for providing me an opportunity to carry out the internship work. I have special acknowledgements for the supervising team at the Laxmi Hyundai and all the employees (service center and the showroom team) of the organization. I would also like to thank Mr. Jyoti Bhattarai (Marketing Manager) and Mr. Nirpesh Niroula (Asst. Marketing Manager) for providing mea guidelines and supervising me to carry out the works throughout my internship period. Lastly, My special appreciation goes to Prof. Manjunath V.S for the support during preparation of this report, untiring effort of going through the draft reports and providing me with the valuable suggestions. Thank you all
  • 4. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 4 EXECUITIVE SUMMARY Thisreportis a part of graduate programsunder VISVESVARAYA TECHNOLOGICALUNIVERSITY, (VTU) that offersManagementPrograms.Thisis12 weekprogram designed to provide an opportunity for a meaningful career-related experience in real organizational settings before graduating. Among the various automobile companied, researcher opted for Laxmi Intercontinental P. Ltd. Laxmi Intercontinental P.Ltdstartedimportingand selling Hyundai brands of vehicle in Nepal after the acquisition of distributorship in February 2009. . The project objective is to study Customer RelationManagementof Laxmi Hyundai.The reportcontainbrief introductionof Laxmi Hyundai .The Company’s main aim was not only the sales of Hyundai vehicles but also to provide quality after salesservice toitsvaluedHyundai Customers.Inordertoachieve thisaim, ithas openedshowrooms and service centers across Nepal. This project clearly mentions the objective of study and the research methodology designed. Designed used in this project is exploratory and the source of informationisbothPrimaryandsecondarydata.The data collectionmethodused is structured with the close end questionnaire. Samplingshall be done onthe basisof simple randomsampling method. Based upon the structured questionaries’it will help in analyzing the obtained information or results which projected certain findings and recommendations. The project reveals the one of the important finding that Customer relationship management is a business philosophy which provides a vision for the way the Laxmi Hyundai want to deal with the customer. To deliver that vision, Laxmi Hyundai needs a CRM Strategy which gives shape to marketing, customer service and data analysis activities. The major aim of the Laxmi Hyundai CRM strategy is to maximize the profitable relationship with customer by increasing the value of the relationship for the both the vendor and customer.
  • 5. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 5
  • 6. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 6 CHAPTER-1 INTRODUCTION
  • 7. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 7 1.1 INTRODUCTION ABOUT THE INTERNSHIP This internship project is conducted for partial fulfillment of the Masters in Business administration degree awarded by VisvesvarayaTechnology University, Belgaum. The internship is assigned of three hundred marks for the evaluation. The internship in specialized field provides us with indepth understanding about the field, market exposure, and helps to identify the potential career opportunities. Internship project is good for students to understand real world implications of the sound academic knowledge gained in college. The internship has given us the real world exposure to the professional life and shown us the wider exploration of the career opportunities in management, information technology and information management. This internship as per the requirement of the MBA not only fulfills that very requirement but has also developed me personally by getting myself acquainted with how the automobile industry business regulates. This program has enhanced the skill and enthusiasm of the students as they get knowledge of the business environments and to learn different aspects of working mechanism that prevail in the organizations. Most of the subject learned during the MBA has been well implemented during this internship program. During this internship period I was introduced to the organizational structure and overall functioning of the organization. I was the trainee staff to organization; I conducted research on CRM and also learned a way to create more customer value & satisfaction. 1.2 CUSTOMER RELATIONSHIP MANAGEMENT The changing business environment is characterized by economic liberalization, increasing competition, high consumer choice, demanding customer, more emphasis on quality and value of purchase etc. All these changes have made today’s producer shift from traditional marketing to modern marketing. Modern marketing calls for more than developing a product, pricing it, promoting it and making it accessible to target customer. It demands building trust, a binding force and value added relationship with the customers. The process of developing a cooperative and collaborative relationship between the buyer and seller is called customer relationship management shortly called CRM.
  • 8. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 8 1.3 NEED FOR THE STUDY The biggest management challenge in the new millennium of liberalization and globalization for a business is to serve and maintain good relationship with the king – the customer. In the past producers took their customers for granted, because at that time the customers were not demanding nor had alternative source of supply or suppliers. But today there is a radical transformation. The purpose of customer relation is not only for retaining the customers but also attracting new customers and increasing the sales and also creating and maintenance of brand awareness.It is a system for managing a company’s interactions with current and future customersusing technology to organize, automate andsynchronize sales, marketing, customer service, and technical support.Customer perceptions attitudes and views regarding the products and services, along with suggestions assume greater importance in the light of new entries and potential competitors, this study is an attempt that directs to facilitate the management in marketing their future decisions in promoting and creating a good image in the society. • reduced costs, because the right things are being done (i.e., effective and efficient operation) • increased customer satisfaction, because they are getting exactly what they want (ie. meeting and exceeding expectations) • growth in numbers of customers • highlighting poor operational processes • long term profitability and sustainability • A satisfied customer in 10 years will bring 100 more customers to the company. • It costs 7 time more to attract a new customer than to serve an old one. • 20% of the company’s loyal customers account for 80% of its revenues. (Pareto’s principle). 1.4 OBJECTIVES OF THE STUDY The main objectives are to determine the current relationship management level of the customers with all aspects in regard to “LAXMI HYUNDAI Ltd.”.
  • 9. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 9 Objectives in Detail: 1. To know the grievances among the customers about products &services, if any. 2. To identify different customers’ needs in regard to a Hyundai motor car’s services. 3. To identify what type of promotional strategy is suitable for the company to reach the targeted customers. 4. Help the company to retain the Existing Customers 1.5 SCOPE OF THE STUDY The scope of the study is to identify the customer relationship management levels towards "Laxmi Hyundai Limited". The study was conducted for a period of 8 weeks covering various places in Kathmandu. Primary data was collected from customers. Secondary data was collected from company manuals, magazines and websites and so on. The study gathers information about the customer's relation maintaining in various full range of Hyundai vehicles from EON (passenger car) to Santa Fe (SUV) level in regard to Quality of service, safety Tips, fuel saving tips, driving tips etc. Customer care service and other values added services provided by the company. It is aimed at enlightening the company about different steps to be taken up to increase the share of Hyundai motor company limited with regard other competitors and also to make the company to provide better customer services. 1.6 RESEARCH METHODOLOGY Project methodology is a way to systematically solve the research problem. It deals with the objective of a research study, the method of defining the research problem, the type of data collected, method used for data collecting and analyzing the data etc. The methodology includes collection of primary and secondary data. DATA COLLECTION: 1) Primary data: The primary data will be collection through structured questions and also by directly interacting with the respondents. The questionnaire will be circulated to the customer personally. 2) Secondary data: The source of secondary data includes:
  • 10. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 10  Books  Magazine  Company’s report and website.  Internet So, to give a proper and formal approach to our research study I used the sampling technique. SAMPLING TECHNIQUE The sampling technique that adapted to conduct the survey was ‘Random Sampling’ and the area of the research was concentrated in the city of Kathmandu . The survey was conducted by interacting with Hyundai owners at Hyundai service center. Sample units: The sampling units for the study include the owner of the Hyundai cars. Sample size: The sample or the size included for conducting the study is50 customers of Hyundai. The summary of the methodology are stated below. Areas Kathmandu Source of information Primary and Secondary data Data collected method Structured Questionnaire’s Types of question used Multiple choice Target Owner of Hyundai vehicles Sampling Method Random Sampling Sample Size 65 car users out of which 50 Hyundai car owners 1.7 LITERATURE REVIEW OF CUSTOMER MANAGEMENT RELATIONSHIP The aim of Customer Relationship Management (CRM) is the, Total of the discounted life time values of all of the firm’s customers. Clearly, the more loyal the customers, the higher
  • 11. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 11 the customer equity, rust. Zenithal and lemon distinguish three drivers of customer equity, value equity and relationship equity. ArvindSaxena (2010) Director and Board member (marketing and sales), Hyundai Motor India (HMIL) “No company in automobile sector can fight competition on price. Companies need to have the right product, distribution, CRM and after sales service network to grow. Michael Cusumano, Steve Kahl and Fernaando Suarez (2008) in their research paper “A theory of services in product industries”, has concluded that in many product oriented industries, services have become increasingly important. In case of automobiles, many automakers generate the vast majority of their profits from a service activity closely tied to their product activity. The automobile industry overall generates a large portion of its profits from other product-related service activities such as insurance and repairs. The authors argued that despite the seeming importance of services, there is not much theory to help researchers or practitioners explain the 3 conditions under which services matter in product industries. The general view that emerges from the services literature is that services tend to become important for manufacturing firms once their industries reach a mature stage. Steve Kahl and Fernaando Suarez (2008) in their research paper “Product, Process, and Service: A New Industry Lifecycle Model”, has concluded that Existing models of industry lifecycle evolution tend to focus on changes in the products and processes and largely overlook the dynamics of services, but increasingly, the revenues of many firms are becoming dominated by sales of services rather than products, or products sold with services to gain competitive differentiation in markets marked by increasing product commoditization. Abhijeet Singh (2011) Tata Motors uses a customer relationship management and dealer management system (CRM-DMS) which integrates one of the largest applications in the automobile industry, linking more than 1200 dealers across India.CRM DOS has helped Tata Motors to improve its inventory management, tax calculation and pricing. This system has also proved to be beneficial to dealers because it has reduced their working capital cost Gordon Fullerton (2006), “Putting relationship in CRM”, that JEEP, a division of Daimler Chrysler Automobile Company, has served a classic example of CRM program that provides
  • 12. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 12 a considerable value to both the customers and the firm by developing a program exclusively for jeep owners and fostered a community that is highly effectively committed to the product, the brand and the customers. Kevin Keller (2012) Caterpillar has become a leading firm by maximizing the total customer value with the help of effective CRM, best after sales service in the industry and better trained dealer. This allows the firm to command a premium price of 10% to 20% higher than competitors such as Volvo, Komatsu etc. 1.8 LIMITATIONS OF THE STUDY The study is subjected to the following limitations 1. A portion of the responds contacted were no precise and genuine in giving their opinion. 2. If accidently they had badly, experience at one instance, they would work very poor. 3. To measure the exact level of customer relation the sample size was small. 4. Short time period was inadequate for conducting detailed study among the customers. 5. The study was restricted to Kathmandu only.
  • 13. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 13 CHAPTER – 2 INDUSTRY AND COMPANY PROFILE
  • 14. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 14 2.1 INTRODUCTION TO AUTOMOBILE INDUSTRY Automobile, self-propelled vehicle used primarily on public roads but adaptable to other surfaces. Automobiles changed the world during the 20th century, particularly in the United States and other industrialized nations. From the growth of suburbs to the development of elaborate road and highway systems, the so-called horseless carriage has forever altered the modern landscape. The manufacture, sale, and servicing of automobiles have become key elements of industrial economies. But along with greater mobility and job creation, the automobile has brought noise and air pollution and automobile accidents rank among the leading causes of death and injury throughout the world. But for better or worse, the 1900s can be called the Age of the Automobile and cars will no doubt continue to shape our culture and economy well into the 21st century. Automobiles are classified by size, style, number of doors, and intended use. The typical automobile, also called a car, auto, motorcar, and passenger car, has four wheels and can carry up to six people, including a driver. Larger vehicles designed to carry more passengers are called vans, minivans, omnibuses, or buses. Those used to carry cargo are called pickups or trucks, depending on their size and design. Minivans are van-style vehicles built on a passenger car frame that can usually carry up to eight passengers. Sport-utility vehicles, also known as SUVs, are more rugged than passenger cars and are designed for driving in mud or snow. In 2012 manufacturing plant in more than 25 countries produced 73.2 million passenger cars .The automobile is built around an origin various systems supply the origin with fuel, cool it daring operation, lubricate its moving parts and remove exhaust gases it creates. The origin produces mechanical power that is transmitted to the automobile’s wheels through adverting which includes a transmission. One or more dive shafts, a differential gear and axles. Suspension system which includes sparing and shock absorbers, customs the ride and help protect the vehicle from being damaged by bumps heavy loads and other series. Wheel and tares support vehicles on the road way and when rotated by powered axles; propel the vehicle forward or backward Steering speed. An electrical system starts and operates the engine monitor and control many aspects of the vehicle operation and powers such components as head light and radios. Safety features such as bumpers air bugs and seat bells help protect occupants in an accident
  • 15. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 15 2.1.1 HISTORY OF AUTOMOBILE INDUSTRY The history of the automobile actually began about 4100 years ago when the first wheel was used to transportation in India. In the early 15th century Portuguese arrived in china and the interaction of the two cultures leaded to variety of new technologies including the creation of a wheel. By the 1600’s small steam powered engine models had been developed but it was another century before a full sized engine powered vehicle was created. IN 1769 French Army Officer Captain Nicolas joseph Cugsnot built what has been called the first automobile cugnotsparel wheeler steam powered vehicle carried four people. Designed to move artillery pieces. It has a top speed of a title more than 3.2km/h and had a stop every 20 minutes to build up a fresh head of steam. As easily in 1801 successful but very heavy steam automobile type introduced in England laws barred them from public road and forced their owners to run them like train or private tracks their owners to run them like train or private tracks in 1802 a steam powered coach designed by British Engineer. Richard Trethvickjourned more than 160km from corn wall to London.Steam powered caught the attention of other vehicle builders. In 1804, American inventor Oliver Evans built a steam powered car in 1828. British inventor a valterHandcock build a series of steam carriages in the mid 1830’s thus were used for the first omnibus service in London. By the mid 1800’s England had an extensive network of coach line. Horse-drawn stagecoach companies and the new rail road companies pressured the British parliament to approve heavy it’s on steam-powered road vehicles. The tolls quickly drove a steam quickly drove a steam coach operators out of business.During the early 20th century steam cars were popular in the United states. Most famous was the Stanley steamer, built by American Twin brothers Freelan and Francis Stanley. A Stanley steamer established a world land speed record in 1906 of 205.44 km /h. Manufactures produced about 125 models of steam powered automobiles, including the Stanley until 1932.The first successful self-propelled road vehicle was a steam automobile invented in 1770 by the French engineer Nicolas Joseph Cugsnot. 2.2 INTRODUCTION OF HYUNDAI MOTOR COMPANY The Hyundai Motor Company is a South Korean multinational automaker headquartered in Seoul, South Korea. The company was founded in 1967 and along with its 32.8% owned subsidiary, Kia Motors, together comprise the Hyundai Motor Group, which is the world's fifth largest automaker based on annual vehicle sales in 2012. In 2008, Hyundai Motor
  • 16. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 16 (without Kia) was ranked as the eighth largest automaker. As of 2010, the Company sold over 3.6 million vehicles worldwide. Hyundai operates the world's largest integrated automobile manufacturing facility in Ulsan, South Korea, which has an annual production capacity of 1.6 million units. The company employs about 75,000 people worldwide. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms. Some Basic Highlights of Hyundai Motors: Native name 현대자동차주식회사 Type Public Traded as KRX: 005380 LSE: HYUD Industry Automotive Founded December 29, 1967 Founder(s) Chung Ju-yung Headquarters Seoul, South Korea Area served Worldwide Key people Chung Mong-koo (Chairman & CEO) Products Automobiles, commercial vehicles, engines Production output 2,943,529 units (2012) Revenue US$ 84 billion (2012)
  • 17. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 17 Net income US$ 9 billion (2012) Total assets US$ 109 billion (2012) Total equity US$ 43 billion (2012) Employees 75,000 (2012) Website worldwide.hyundai.com 2.2.1 VISION: “Our Team provides value for your future” 2.2.2 MISSION: To create exceptional automotive value for our customers by harmoniously blending safety, quality and efficiency. With our diverse team, we will provide responsible stewardship to our community and environment while achieving stability and security now and for future generations. 2.2.3 HYUNDAI’S BRAND SLOGAN: “NEW THINKING - NEW POSSIBILITIES” A brand slogan embodies the essence of a brand, from its philosophy to its vision and identity. Hyundai’s brand slogan -- “NEW THINKING. NEW POSSIBILITIES.” reflects the will of Hyundai Motor Company to create new possibilities to benefit the world and its people by encouraging and developing new thinking. All members of Hyundai have the brand slogan deeply engraved in their hearts as they move forward in their effort to provide new values and experiences desired by today’s customers through innovative ways that are unique to the brand, driven by new thinking about customers and cars.
  • 18. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 18 2.2.4 QUALITY POLICY  Top priority to customer satisfaction The Company will provide only those products meeting relevant customer requirements & international standards and accordingly satisfy every customer.  Continuous improvement The Company will make continuous quality improvements through unceasing R&D efforts & new technologies and accordingly minimize the quality cost.  Quality mind The company will encourage each employee’s quality and accordingly accomplish the error-free quality.  Quality mind creation The company will create such premium quality value that can lead the global automatic transmission market. 2.2.5 AREA OF OPERATION Hyundai is striving for that next level to become Global No.1 Automobile Company through practicing Industry Leadership and through implementing its strategy to expand its global coverage. The company is dedicated to enabling everyone around the world to use Hyundai,
  • 19. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 19 world’snumber one map solution technology. Its expertise is the basis for its strategy of growth alongside the Hyundai Motor Group and, indeed, its global network as a whole, through working with national and international hardware/IT/Contents/Service providers. Regional operation Total coverage countries Europe 30 Middle East 16 Asia 38 Africa 38 North America 3 Central and south America 41 2.2.6 PRODUCTS OF THE HYUNDAI FAMILY A. CARS 1. SANTRO The new Santro Xing sports stunning design changes which include refreshing exteriors and new look luxurious interiors. The new front radiator grille, the full wheel cover and the rear spoiler makes the new Santro Xing aesthetically more appealing and sporty. With metallic touches at multiple locations and plush new two tone beige and brown color scheme, the new Santro Xing adds elegance and style to the existing great looks. HYUNDAI FAMILY SUV Passenger car SANTA FE TUCSON EON TUCSON accent SANTRO I10 I20 veloster
  • 20. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 20 Hyundai Santro was adjudged Most Dependable compact Car by JD Power Asia Pacific 2008. Santro bagged the number one position in the compact car segment in the Vehicle Dependability Study (VDS) conducted by JD Power Asia Pacific 2008. 2. i10 A world of perfection awaits you - The world of the all new Next Gen i10. From the cutting edge VTVT technology behind the engine to the fluid from of its new sleek design and stylish interiors, the new i10 is clearly more than just a car. It's a testament to perfection. The aggressive, modern & sleek exteriors, new 2-tone beige and light brown interiors with blue illumination and chrome accents premium feel and make it a car like no other Overall length (mm) 3565 Overall weight (mm) 1525 Overall height(mm) 1590 Overall wheelbase(mm) 2380 Gross vehicle weight (kg) 1300 Fuel tank capacity(l) 35 Min. turning Radius(m) 4.4 Seating capacity 5 person Displacement 1086 cc Manual 5 speed forward with overdrive in 4th& 5th Automatic Electronically controlled 4 speed forward with overdrive in 4th Overall length (mm) 3585 Overall weight (mm) 1595 Overall height(mm) 1550 Overall wheelbase(mm) 2380 Ground clearance 165 Fuel tank capacity(l) 35 Max. power (ps/rpm) 69/5,500 Max torque(kgm/rpm) 10.1/4,500 Manual 5 speed forward with overdrive in 4th& 5th Front brake Ventilated Disc Rear brake drum
  • 21. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 21 3. I20 The luxury hatch is hotter than ever in its new avatar with Uber Features, Uber Style and Uber Power. The all new i-Gen i20 is your ticket to the Uber Life with attention to detail that makes it not just a style statement but also a lifestyle statement. 4. Accent The shape is fresh and modern, but the name is one that the customer knowsand can trust. This is Hyundai Accent, the latest generation of Hyundai's subcompact family car. It has all the time-honored qualities you have come to expect of a Hyundai - reliability and durability, innovation and practicality, safety and economy - clothed in an eyecatching new profile. Accent, where pedigree is allied to progress. Hyundai Accent has been designed keeping in mind the customer expectations from a true luxury sedan. With its smooth blend of design, a wide and bold grille in chrome, bonnet with character lines gives you a true luxury feel. Overall length (mm) 3395 Overall weight (mm) 1710 Overall height(mm) 1505 Overall wheelbase(mm) 2525 Fuel tank capacity(l) 45 Mileage 4.4 Max. power (ps/rpm) 84/600 Max torque(kgm/rpm) 11.6/4,000 Manual 5 speed forward with overdrive in 4th& 5th Front brake Disc Rear brake drum Steel wheel Era,Magna Alloy wheel Sportz,asta,
  • 22. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 22 B. SUV 1. SANTA FE Time and opportunities are given to everyone. The difference in happiness comes from whether we "seize" or "miss" the values, both big and small, that every moment of our everyday lives has to offer. Storm edge the concept behind the design of the Santa fe, which captured the powerful yet fragile moment of nature in motion during the rise and fall of a storm. It seems to be telling us that the brilliant moments that we should not miss are, in fact, right before our eyes. Overall length (mm) 4280 Overall weight (mm) 1695 Overall height(mm) 1470 Overall wheelbase(mm) 2500 Fuel tank capacity(l) 45.05 Displacement 1399 cc Turning radius(m) 5.1 Max. power (ps/rpm) 95/6000 Max torque(kgm/rpm) 12.7/4,700 Manual 5 speed forward Automatic 4 speed forward Front brake Disc9verfilated with floating caliper and pad wear sensor) Rear brake Drum type (CBS) Overall length (mm) 4690 Overall weight (mm) 1880 Overall height(mm) 1680 Overall wheelbase(mm) 2700 Ground clearance 220 Fuel tank capacity(l) 64 Displacement 2199 Turning radius(m) 5.1 Max. power (ps/rpm) 197/3800 Max torque(kgm./rpm) 43/1800-2500 Manual 6 speed forward Front brake Disc9verfilated with floating caliper and pad wear sensor) Rear brake Solid disc Drive train (2wd)/MANUAL 169 R 2.2 VGT Drive train (4wd)/MANUAL 174 R2.2 VGT
  • 23. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 23 2. Tucson The company dream was to find the automotive equivalent of this incomparable feeling. To give substance to fluidity. To engage the senses and translate the many shades of urban life into the most natural, intuitive vehicle there is. It’s a dream that’s finally taken shape. Overall length (mm) 4410 Overall weight (mm) 1820 Overall height(mm) 1655 Overall wheelbase(mm) 2640 Ground clearance 220 Fuel tank capacity(l) 64 Type Petrol diesel Seating capacity 5 including driver 5including driver Max. power (ps/rpm) 166/5,500 177/4000 Max torque(kgm/rpm) 20.146/4,000 39/1800-2500 Manual 5 speed forward 6 speed Front brake Ventilated disc Rear brake Solid disc
  • 24. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 24 2.3 INTRODUCTION OF LAXMI HYUNDAI NEPAL Laxmi Intercontinental Pvt. Ltd. is a sole importer and distributor of Hyundai Vehicles for Nepal. It deals with a full range of Hyundai vehicles from Santro (passenger car) to Santa Fe (SUV). Laxmi Intercontinental Pvt. Ltd. started importing and selling Hyundai brands of vehicle in Nepal after the acquisition of distributorship in February 2009. The company's main aim was not only the sales of Hyundai vehicles but also to provide quality after sales service to its valued Hyundai Customers. In order to achieve this aim, Laxmi Hyundai Company has opened its showrooms and service centers across Nepal. Laxmi Hyundai is continuously working towards providing its existing as well as prospective customers with quality service whether it is sales or after sales services. It has established showrooms in the heart of Kathmandu valley following Hyundai standard guidelines where customer would feel “a difference” with the different kinds of buying experience. Sales staff appointed in the showroom is friendly, well informed about Hyundai vehicles and very passionate about their work. They make sure that customers feel comfortable and satisfied. The Company's showrooms have been opened in different strategic locations of the kingdom (Kathmandu) with the intention of providing customers an improved service in terms of quality, space and ambience. In these showrooms, customers feel a pleasurable buying- experience. Similarly, the Company's after sales service and parts facilities follows the Hyundai's Global Auto Servicing offering the full range of after sales service facilities through its high tech equipment’s and well trained and fully motivated technicians. Company Profile Name of Organization Laxmi Hyundai Year of Establishment 2009 Nature of business Sole distributor of Hyundai Number of Employees 150 people Turnover 227 million Address Thapathali, Kathmandu, Nepal Executive Director AnjanShrestha General Manager NirakarShrestha Area of Marketing JoytiBhattarai
  • 25. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 25 2.4 DEALERS NETWORK OF LAXMI HYUNDAI In order to capitalize the growing automobile market outside the Kathmandu valley, it has also established sub-dealers at various locations of the country. Table below presents the locations of the sub-dealers of Laxmi Hyundai Company throughout the country: S.N. Dealers/Sub-Dealers Locations Development Region 1. Dhangadi Far-western Development Region 2. Dang Mid-western Development Region3. Nepalgunj 4. Butwal Western Development Region5. Pokhara 6. Bhairahawa 7. Narayangadh Central Development Region 8. Kathmandu 9. Banepa 10. Birgunj 11. Damak Eastern Development Region12. Birtamod The table above shows that the Laxmi Hyundai Company has covered all the five development regions of the country and they have dealers/sub-dealers in all strategic market locations of the country. Majorities of the sub-dealers locations are in Central region (4 nos) followed by Western region (3 nos), Eastern region (2 nos), and one each in Mid and Far western regions.
  • 26. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 26 Figure 2.1: Dealers Network in Nepal 2.5 KEY FUNCTIONS OF LAXMI HYUNDAI The following are the major key functions of the company:  Importing of Hyundai Vehicles from Korea and India  Distributing those vehicles throughout the country Nepal through dealers  Providing customer’s quality of services  Company's showrooms have been opened with the intention of providing customers improved services in terms of timeliness, quality, space and ambience  Helping them in getting loans from Bank  Providing quality of information in terms of vehicle whenever needed
  • 27. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 27 Figure 2.2: Laxmi Hyundai Showroom Figure 2.3: Waiting room at Laxmi Hyundai Nepal Figure 2.4: Major Vehicles (models/brand) deal by Laxmi Hyundai Nepal
  • 28. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 28 2.6 COMPETITOR’S INFORMATION There are a numbers of dealers/importers dealing with different brands of vehicles in Nepal. They import these vehicles mainly from India and other countries such as Japan, Korea and Check Republic; however, majorities of the vehicles are imported from India. The major dealers/importers of different vehicle brands in Nepal are as follows: Sipradi Trading Private Ltd (STPL) has been the exclusive distributor of Tata Motors Ltd in Nepal since 1982. STPL is an ISO 9001:2008 certified company. STPL sells and services the full range of Tata Motors’ commercial and passenger vehicles. The company has the largest sales and service distribution network throughout Nepal with 9 sales offices and 5 regional service centres. HansrajHulaschand and Company (HH Company), the authorized distributor of Daihatsu motors for Nepal, has been selling Daihatsu cars in Nepal for years. They directly import the motors from Japan. Sayakar Ltd imports HONDA vehicles from Japan Continental Trading Enterprises has been under operation for over two decades delivering the best in class brands KIA vehicles and unbridled service to Nepal from Korea. Chaudhary Group (CG) Company imports and deals MARUTI SUZUKI vehicles from India MAW Enterprises Pvt. Ltd. imports and deals Skoda vehicles from India and Check Republic Pooja International Pvt. Ltd. imports and deals Volkswagen vehicles from India Agni Incorporated Pvt. Ltd imports and deals Mahindra vehicles from India Golcha Group imports and deals Ford vehicles from India Batas Group imports and deals Fiat vehicles from India
  • 29. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 29 Laxmi Intercontinental Pvt. Ltd deals HYUNDAI vehicles imported from Korea and India Company/Dealer Vehicles Brand Imported Imported from Laxmi intercontinental HYUNDAI Korea and India Continental Trading Enterprises KIA Korea Chaudhary Group Company MARUTI SUZUKI India Kumara Auto Centre MITSUBISHI Japan Sayakar Ltd. HONDA Japan HansrajHulaschand and Company DAIHATSU Japan United Traders Syndicate TOYOTA Japan Sipradi Trading Pvt. Ltd. TATA Motors India MAW Enterprises Pvt. Ltd Skoda India and Check Republic Pooja International Pvt. Ltd. Volkswagen India Agni Incorporated Pvt. Ltd Mahindra India Golcha Group Ford India Batas Group Fiat India Source: Collected from respective websites of dealers MAJOR IMPORTERS/DEALERS OF DIFFERENT VEHICLE BRANDS IN NEPAL.
  • 30. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 30 2.7 SWOT ANALYSIS OF THE COMPANY SWOT analysis of the Laxmi Hyundai Company identifies and analyses the main internal and external factors that will influence the future direction and success of the organization and its business. It comprises of strengths and weaknesses which are the “internal factors” and opportunities and threats which are the “external factors” that affects the organization. Such analysis helps managers in strategic planning. SWOT analysis of Laxmi Hyundai Company is as follow: STRENGTH OPPORTUNITIES Managed by experts Many Branches and dealers Competent Human Resource Well defined policies, rules and regulations Better service/customer satisfaction Profound goodwill and customers trust International Affiliation Good reputation and trust among the customers and dealers Increased customer base decline in bank interest rates on auto loans along with easy financing services Rapid road widening and extension WEAKNESS THREAT -Centralized decision making Subjective employee Appraisal System Lack of stable government No clear government rules and regulations Heavy custom duties and taxes on vehicles import heightened competition in the sector
  • 31. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 31 2.8 FUTURE GROWTH AND PROSPECTS The company has the opportunity of becoming the largest company in Nepal by establishing large number of show rooms in rural and urban areas. Providing good service facility to the customers. Introducing new technology adopted for four wheelers .Opening large service branches. Introducing high mileage giving cars and less cost. Adopting international standards in its services and understanding global requirements.Hyundai gains are coming from the small utility segment. Nationally, utilities are expected to grow at almost twice the rate of the overall industry during the next five years.Market share of Hyundai in Nepal is growing at a faster rate than any of its competitors at present and will lead to a number one automobile importer company in near future.
  • 32. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 32 CHAPTER: 3 THEORETICAL BACKGROUND OF THE STUDY
  • 33. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 33 3.1 CUSTOMER RELATIONSHIP MANGEMENT According to Ashokadutt head of Citi Bank “the idea of CRM is to know the individual customer intimately, so that the company has a customized product ready for him even before he asks for it.” Many companies are intent on developing stronger bonds with their customers-called “Customer Relationship Management (CRM). This is the process of managing detailed information about individual customer and carefully managing all the customers “touch points” with the aim of maximizing customer loyalty. We can now see the importance of just finding customers, but of keeping and growing them as well. Relationship marketing is oriented toward long term. Today’s smart companies not only want to create customers, they want to “own” them for life. The aim of Customer Relationship Management (CRM) is to produce high customer equity is the total of the discounted lifetime values of all of the firm’s customer equity, rust; Zenithal and Lemon distinguish three drivers of customer equity; value equity, and relationship equity. Customer relationship management (CRM) is a system for managing a company’s interactions with current and future customers. It involves using technology to organize, automate and synchronize sales, marketing, customer service, and technical support 3.2 TYPES Marketing and Customer Service CRM systems track and measure marketing campaigns over multiple networks. These systems can track customer analysis by customer clicks and sales. Places where CRM is used include call centers, heavily used in social media, direct mail, data storage files, banks, and customer data queries. CRM in customer contact centers CRM systems are customer relationship management platforms. It is a platform for progressing the payments and other related query management. Their goal is to track, record, store in databases, and then data mine the information in a way that increases customer
  • 34. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 34 relations The CRM codifies the interactions between you and your customers, So that you can maximize sales and profits using analytics, to give the users as much information on where to focus your marketing, customer service to maximize revenue, and decrease idle and unproductive contact with your customers. The CRM software is installed in the contact centers, and help direct customers to the right agent or self-empowered knowledge. CRM software can also be used to identify and reward loyal customers over a period of time. CRM in B2B market The modern environment requires one business to interact with another via the web. According to a Sweeney Group definition, CRM is “all the tools, technologies and procedures to manage, improve, or facilitate sales, support and related interactions with customers, prospects, and business partners throughout the enterprise”. It assumes that CRM is involved in every B2B transaction Despite the general notion that CRM systems were created for the customer-centric businesses, they can also be applied to B2B environments to streamline and improve customer management conditions. B2C and B2B CRM systems are not created equally and different CRM software applies to B2B and B2C conditions. B2B relationships usually have longer maturity times than B2C relationships. For the best level of CRM operation in a B2B environment, the software must be personalized and delivered at individual levels. 3.3 FOUR C’S OF CUSTOMER RELATIONSHIP MANAGEMENT Correlate: A series of transaction and interaction that make up a dialogue between customerchannelend user and organization. Combine: The mapping and management interaction points between a customerchannelend user and organization. Cognize: The insight gained through capture and analysis of detailed information it to create continuous learning from the data ware house and knowledge base that is created, integrated and analyzed.
  • 35. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 35 Connect: The application of insight to create relevant interaction or communication with consumers, customers, channels, suppliers and partners that build value relationship. CRM, H. Peer Mahmed, A. Sagadevan 3.4 CUSTOMER RELATIONSHIP MANAGEMENT CYCLE UNDERSTAND AND DIFFERENTIATE We cannot have a relationship with customers unless we understand them what they value, what types of service are important to them, how and when they like to interact, and what they want to buy. True understanding is based on a combination of detailed analysis and interaction. Several activities are important:  Profiling to understand demographics, purchase patterns and channel preference.  Segmentation to identify logical unique groups of customers that tend to look alike and behave in a similar fashion. While the promise of "one-to-one" marketing sounds good, we
  • 36. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 36 have not seen many organizations that have mastered the art of treating each customer uniquely. Identification of actionable segments is a practical place to start.  Primary research to capture needs and attitudes.  Customer valuation to understand profitability, as well as lifetime value or long-term potential. Value may also be based on the customer's ability or inclination to refer other profitable customers. Analysis and research alone, however, are insufficient. To create and foster a relationship, we have to act on what we learn about customers. Customers need to see that we are differentiating our service and communications based both on what we've learned independently and on what they've told us. At the same time, differentiation should be based on the value customers are expected to deliver. DEVELOP AND CUSTOMIZE In the product-oriented world of yesterday, companies developed products and services and expected customers to buy them. In a customer-focused world, product and channel development have to follow the customer's lead. Organizations are increasingly developing products and services, and even new channels, based on customer needs and service expectations. Most organizations today are not able to cost-effectively customize products for individual customers. However, products, services, channels and media can be customized based on the needs of quantitative customer segments. The extent of customization should be based on the potential value delivered by the customer segment. Interact and Deliver Interaction is also a critical component of a successful CRM initiative. It is important to remember that interaction doesn't just occur through marketing and sales channels and media; customers interact in many different ways with many different areas of the organization including distribution and shipping, customer service and online.
  • 37. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 37 To foster relationships, organizations need to insure that:  All areas of the organization have easy access to relevant, actionable customer information.  All areas are trained how to use customer information to tailor interactions based on both customer needs and potential customer value. With access to information and appropriate training, organizations will be prepared to steadily increase the value they deliver to customers. Delivering value is a cornerstone of the relationship. And remember, value is not just based on the price of the product or the discounts offered. In fact, customer perceptions of value are based on a number of factors including the quality of products and services, convenience, speed, ease of use, responsiveness and service excellence. Acquire and Retain The more we learn about customers, the easier it is to pinpoint those that are producing the greatest value for the organization. Those are the customers and customer segments that we want to clone in our prospecting and acquisition efforts. And, because we continue to learn about what is valuable to each segment, we'll be much more likely to score a "win" with the right channel, right media, right product, right offer, right timing and most relevant message. Successful customer retention basically involves getting it "right" on an ongoing basis. Successful customer retention is based very simply on the organization's ability to constantly deliver on three principles:  Maintain interaction; never stop listening.  Continue to deliver on the customer's definition of value.  Remember that customers change as they move through differing life stages; be alert for the changes and be prepared to modify the service and value proposition as they change. And so the cycle continues. As you move from one stage to the next, you gain insight and understanding that enhances your subsequent efforts. Your development initiatives simultaneously become increasingly sophisticated as does your implementation of CRM processes.
  • 38. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 38 CHAPTER – 4 DATA ANALYSIS & INTERPRETATION
  • 39. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 39 Table 4.1: Table showing the number of people who possessed a car. Possessing a car In numbers In percentage Yes 50 77 No 15 23 Total 65 100 Analysis: Out of the 65 respondents 50 of them possessed a car and the rest of 15 didn’t possess a car. Chart 4.1:Table showing the number of people who possessed a car. Interpretation: Majority of the respondent i.e. 77% of them were the owner of the car. 77% 23% People Having Car yes no
  • 40. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 40 60% 8% 18% 10% 4% Source Of Awareness Newspaper /Magazines Social Media Friends Websites Other Table 4.2: Table showing the Source of Awareness. Awareness In numbers In percentage Newspaper/magazines 32 60 Social Media 03 8 Friends 11 18 Websites 02 10 Other 01 4 Total 50 100 Analysis: From the above table, 60% said that they became awareness through the ‘Newspaper/magazine’ advertisement , 18% said that they came to know about the Laxmi Hyundai through friends and relatives ,8% said through ‘social media’ , 10% said it is ‘website’ and only ‘4%’ specified as others. Chart 4.2: Chart showing the Source of Awareness Interpretation: Majority of the respondent i.e. 60% found that the newspaper and magazine advertisement has played a major role in creating awareness among the people.
  • 41. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 41 Table 4.3:Table showing how respondent find the Ambience of the showroom. Ambience In numbers In percentage Excellent 25 50 Good 15 30 Satisfactory 08 16 Poor 02 04 Very poor 0 0 Total 50 100 Analysis:50 % of respondent opting that the ambience of the showroom is “excellent”, 30% of them found it “good”.16 % of them stated it to be “satisfactory” and very less 4% stated it is “verypoor”. Chart 4.3: Chart showing how respondent find the Ambience of this showroom. Interpretation: Majority of the respondents stated that the ambience of the showroom is "excellent" as stated by 50% of the customers which is a good indicator for the showroom. 50% 30% 16% 4% 0% Ambience Of The Showroom Excellent Good Satifactory Poor Very poor
  • 42. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 42 18% 22% 56% 4% 0% Staff Response Very co-operative Co-operative Responsive Non-Cooperative Highly non-Cooperative Table 4.4: Table showing the staff responsiveness towards the customer at showroom. Staff response In numbers In percentage Very Cooperative 09 18 Cooperative 11 22 Responsive 28 56 Non-cooperative 02 4 Highly non-Cooperative 00 00 Total 50 100 Analysis: The above table shows that, most of the customer i.e.18 % of them found the show room staff to be “very cooperative” ,22% stated as“co-operative”, a major percentage i.e. 56% of them felt the staff is ‘responsive’ than cooperative (respond only when asked, without having any personal initiation),4% of them rated the staff to be “non-cooperative” and none of them rated as “highly non-cooperative”. Chart 4.4: Chart showing the staff responsiveness towards the customer at showroom. Interpretation: Majority of staff response is found to be "Responsive" rather than co- operative. It seems Staff doesn't respond until asked for which may lead to negative impact on the perception of the customers about this showroom.
  • 43. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 43 8% 17% 63% 8% 4% Time Taken In Attending a Call Very Quick Quick Resonable Delayed Very much Delayed Table 4.5: Table showing the Time taken by receptionist in attending a customer call. Time Taken In numbers In percentage Very quick 4 8 Quick 08 17 Reasonable 31 63 Delayed 04 08 Very much Delayed 02 04 Total 50 100 Analysis: According to above table it shows that the 8% of the respondent stated it as “ very quick”,17% of respondent stated it as “quick”, time taken is “reasonable” as stated by 63% of the respondent 8% of them found it to be “delayed”, 4% said it is “ very much delayed “. Chart 4.5: Table showing the Time taken by receptionist in attending a customer call Interpretation: Time taken to provide the services required by the customers is considered as "reasonable" by the most of the respondent (i.e. 63%).
  • 44. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 44 Table 4.6: Table showing the Sales executive role in explanation the features of car to customer. Explanation IN NUMBERS IN PERCENTAGE Convincing 12 24 Satisfactory 18 36 Unless asked 20 40 Total 50 100 Analysis: Out of the 50 respondent , 24% of them felt the explanation to be “convincing”,36% felt it as “ satisfactory “ and major percentage 40% felt it to be “ non- convincing” . Chart 4.6: Chart showing the Sales executive role in explaining the features of car to customer Interpretation: Majority of the respondent i.e. 40% found the sales executive don’t explain the entire feature unless asked by the customer. 24% 36% 40% Sales Executive Performance Convincing Satisfactory Unless asked
  • 45. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 45 0% 2% 12% 18% 68% Process Involved in Providing Financial Facilities very simple Simple Moderate Complex Very Complex Table 4.7: Table showing the respondent opinion about the process involved in providing financial facilities. Processing procedure IN NUMBERS IN PERCENTAGE Very simple 00 00 Simple 01 2 Moderate 6 12 Complex 9 18 Very Complex 34 68 Total 50 100 Analysis: According to the above table 68% of the respondent stated that “ process “ involved for financial facilities are “ very complex”,18% stated it to be “complex “,12% to be “moderate” and Only 2% of them stated it to be “simple”. Chart 4.7: Chart showing the respondent opinion about the process involved in providing financial facilities. Interpretation: Majority of the respondent i.e. 68% considered the process to be very complex. . They didn’t find it to be very convenient and simple.
  • 46. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 46 12% 66% 22% Availability Of Colors Wide Limited Very few Table 4.8: Table showing availability of Color variants for customer in the showroom. Availability of colors In numbers In percentage Wide 06 12 Limited 33 66 Very few 11 22 Total 50 100 Analysis: From the above table it can be understood that ‘limited range’ of colors is available in this showroom as stated by 66% of the respondent, 12% stated that this showroom contains ‘wide colors” and 22% stated “very few range of color”. Chart 4.8: Chart showing availability of Color variants for customer in the showroom. Interpretation: Majority of the respondent i.e.66% stated that the availability of varied colors in this showroom seems to be limited .It shows that customer is given a limited choice in matter of color of the car.
  • 47. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 47 Table 4.9: Table showing respondent likelinessin suggesting to other friends & relatives. Suggesting to friends In numbers In percentage Yes 38 76 No 12 24 Total 50 100 Analysis: According to above table it shows that, 76% of the customers are very likely to suggest this showroom to their friends / relatives. The 24% of the customers are reluctant to suggest these showrooms to friends/relatives. Chart 4.9: Chartshowing respondent likeliness in suggesting to other friends & relatives. Interpretation: Majority of the respondents i.e. 76% are ready to suggest the car to other. It is an indication of high satisfaction level andcustomers are happy with the service provided by the showroom. Table 4.10: Table showing the reason for suggesting the showroom to others. 76% 24% CustomerSuggesting To Other yes No
  • 48. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 48 Reasons In numbers In percentage Quick Service 12 24 Timely Response 9 18 Friendly Atmosphere 7 14 Trust Worthiness 19 38 Infrastructure 03 6 Total 50 100 Analysis: 38% of the respondents stated the reasons of “trust worthiness”,24% of the respondents stated “ quick service” , 18% respondent stated “Timely response”, 14% state friendly atmosphere and only 6% for infrastructure, Chart 4.10: Chart showing the reason for suggesting the showroom to others. Interpretation: Majority of the respondent i.e. 38% considered the trust worthiness to be the reason for suggesting the showroom to other. Table 4.11: Table showing the customer opinion about the equipment’s efficiency in the showroom for the purpose of maintenance of the cars. 24% 18% 14% 38% 6% Reason to Suggest Other quick service timely response friendly atmosphere trust wortiness infrastructure
  • 49. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 49 Ability of showroom In numbers In percentage Excellent 19 38 Good 06 12 Satisfactory 14 28 Poor 07 14 Very poor 04 8 Total 50 100 Analysis: 38% of the respondent rated it as excellent as compared to other showroom another majority of respondents i.e. 28% of them stated it as “satisfactory”. 14% of the respondent said it is “poor”. 12 % stated as “good” and only 8% stated “very poor”. Chart 4.11: Chart showing the customer opinion about the equipment presence in the showroom for the purpose of maintenance of the cars. Interpretation: Out of 50 customers, Majority of customer stated thatthe showroom has excellent equipment in maintaining the cars. Table 4.12: Table showing any inconvenience felt by customer after leaving their car for service. 38% 12% 28% 14% 8% Equipments efficiency Excellent Good Satisfatory Poor Very Poor
  • 50. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 50 Inconvenience felt In numbers In percentage Never 33 66 Sometimes 18 34 Always 0 0 Total 50 100 Analysis: 66% of the respondent have “never” felt any inconvenience, whereas 34% have felt “sometime” and none of them have felt “always”. Chart 4.12: Chart showing any inconvenience felt by customer after leaving their car for service. . Interpretation: As majority of 66% of respondent had positive attitude towards the customer service of Laxmi Hyundai. Table 4.13: Table showing whether the customer had raised any complaints against the problem faced by him/her to the management. 66% 34% 0% Inconvenience Felt by Customer Never Sometimes Always
  • 51. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 51 Complaint Raised In numbers In percentage Yes 16 30 No 34 70 Total 50 100 Analysis: As 30% respondent say that they have raised some issue where as 70% of the respondent says that they haven’t raised any issue till date. Chart 4.13: Chart showing whether the customer had raised any complaint against the problem faced by him/her to the management. Interpretation: As majority of respondent i.e. 70% had replied that they never had to approach the management for any problems. Table 4.14: Table showing reasons for complaining. Issue Raised In numbers In percentage 30% 70% Complaint Raised Yes No
  • 52. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 52 Wrong communication by salesman 6 37 Actual bill exceeding the estimated bill 4 25 Fall in performance of the car after service 2 13 Delay in handling over the vehicles 3 19 Infrastructure 1 6 Total 16 100 Analysis : As 37% respondent replied that the issue/problem faced by them was the wrong communication by the salesman, whereas 25% of respondent replied that their actual bill exceeded the estimated bill,13% replied fall in performance of the car after service,19% stated delay in handling over the vehicles and 6% had issue on infrastructure. Chart 4.14: Chart showing reasons for complaining. Interpretation: As majority 37% respondent had problem on wrong communication by sales man. Table 4.15: Table showing whether the problem was cleared by the management or not. Complaint solved In numbers In percentage 37% 25% 13% 19% 6% Issue of Complaint Raised By Respondent Wrong communication by salesman Actual bill exceeding the estimated bill Fall in performance of the car after service Delay in handling over the vehicles
  • 53. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 53 Yes 13 81 No 3 19 Total 16 100 Analysis:Maximum percentage of respondent i.e. 81% replied that there problem were solved by the management ,whereasthe rest 19% stated that their problem were not taken care by the management. Chart 4.15: Chart showing whether the problem was cleared by the management or not. Interpretation: As majority of respondent (81%) were satisfied with the management, as their problem were taken good care by the Laxmi Hyundai management. Table 4.16: Table showing duration to solve the issue by the management. Duration to solve the issue In numbers In percentage 81% 19% Problem Solved by Management yes NA
  • 54. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 54 Within few hours 6 46 Within 1 day 3 23 With 1 week 2 15 More than 1 week 1 8 More than 2 week 1 8 Total 13 100 Analysis :As 46% respondent replied that their issue were solved with in few hours by the management but rest 23% replied within 1 day,15% replied with in 1 week,8% replied more than 1 week and 8 % more than 2 week for their problem to be solved by the management. Charts 4.16: : Table showing duration to solve the issue by the management. Interpretation: As majority 46% respondent had positive response for their issue which was send to the management. As their complaints where replied with in 1 hour after their complaint being registered. This was due to good CRM techniques used by Laxmi Hyundai to face and handle complaints. Table 4.17: Table showing how the customers rate the service after sale. 46% 23% 15% 8% 8% Timetaken to Solve the Issue within 1 hour within 1 day within 1 week more than 1 week more than 2 week
  • 55. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 55 6% 20% 58% 10% 6% After Sales Service Excellent Good Satisfactory poor very poor After sales service In numbers In percentage Excellent 3 6 Good 10 20 Satisfactory 29 58 Poor 05 10 Very Poor 03 6 Total 100 100 Analysis: 58% of the respondents stated the “after sales service” to be satisfactory. This shows that the after sales service in not such effective as stated by the respondents, 20% of the respondents said that was “good”, only 6% as excellent and almost 6% found it to be “poor” and “very poor”. Chart 4.17: Chart showing how the customer rates the service after sale. Interpretation :The "after sales service" is stated by most i.e. 58% as "satisfactory" and a very few stated it as "excellent" and "good".
  • 56. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 56 Table 4.18: Table showing regarding overall all experience of the customer with this showroom. Overall experience In numbers In percentage Excellent 17 34 Good 10 20 Satisfactory 13 26 poor 7 14 Very poor 3 6 Total 50 100 Analysis: Out of the respondents, 34% have stated their experience as “excellent”, 20% as “good”, 26% as “satisfactory”. 14% have stated it as “poor” and only 6% stated it as”very poor”. This shows that on the whole customers are just “satisfied” with the services offered at this showroom. Chart 4.13: Chart showing regarding overall all experience of the customer with this showroom. Interpretation: The overall experience of the customer is found to be "excellent" as state by 34% of the respondents. 34% 20% 26% 14% 6% Overall Experience Excellent Good Satisfactory poor Very poor
  • 57. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 57 CHAPTER: 5 FINDINGS, SUGGESTIONS & CONCLUSION
  • 58. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 58 FINDINGS From the responses of 50 customers the findings can be listed as: 1. It has been found that the newspaper and magazine are the major source of awareness about the dealer. 2. The ambience of the showroomis "excellent" as stated by most of the customers. This is a good indicator for the showroom. 3. The staff response is found to be "Responsive" rather than co-operative. It seems "Staff" doesn't respond until asked for. This may lead negative impact on the perception of the customers about this showroom. 4. Time taken to attend the customercall is considered as "reasonable" by the most of the respondent. 5. It seems most of the customers found the "sales executive explanation" just "Satisfactory" than "Convincing". Few (20 out of 50) even stated that sales executives don't explain all the features unless asked. 6. The process involved in providing financial facilities is considered as (68% of respondents) as very complex & time consuming. They don't find it very convenient. 7. As most of the customer states that the “after sales service" provided by the showroom is just “satisfactory" therefore the company needs to be consider this issue seriously in order to satisfy more customer in near future. 8. The availability of varied colors in this showroom seems to be very limited as stated by most of respondents. It shows that customer is given a limited choice in matter of color of the car. 9. As much as 76% of respondent have stated that they are very likely to suggest this showroom to their friendsrelatives. . It is an indication of high satisfaction level and customers are happy with the service provided by the showroom. 10. As most of the respondent i.e. 38% considered the trust worthiness to be the reason for suggesting the showroom to other. 11. Most of respondent stated that the equipment used for the maintaining the vehicles was excellent.
  • 59. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 59 12. As most of the respondent had replied that they had never felt any inconvenience after leaving their car for service. It shows that Laxmi Hyundai has built the trust in the mind of the customer. 13. The number of respondent responded that they had never come across any complaints or issued to be raised against the Laxmi Hyundai. This shows that Laxmi Hyundai was providing better CRM. 14. Out of 16 respondent only 6 had an issue of complaint regarding the wrong communication by sales man so Laxmi Hyundai should provide proper training to the sales person. 15. Most of the respondents were satisfied with the management, as their problem was taken good care by the Laxmi Hyundai management. 16. Majority of the respondent had positive response for their issue which was send to the management. As their complaints were resolvedwithin 1 hour after their complaint being registered. This was due to good CRM techniques used by Laxmi Hyundai to face and handle complaints. 17. Majority of the customer stated that their overall experience towards the showroom was found to be "excellent”.
  • 60. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 60 RECOMMENDATIONS An attempt has been made to suggest to the CRM department of the showroom a few measures. These recommendations have been made within the preview of the data available. 1. The staff should be trained on regular basis, such that customers find them very co- operative. 2. The time taken in attending the customer call needs to be minimum.Effective and less time consumptions are the important factors, which determine customer relationship management. 3. The sales executive should be trained adequately so as to "Convince" the potential buyers, because his performance on job has great impact on CRM. 4. The process involved in providing financial facilities needs to be made simple as much of the respondents stated it to be complex and time consuming. 5. After sales service should be more customized. A toll free facility should be introduced which help the customer to define their problem. If possible a mobile unit can be maintained so that customer need not have to bring car to the showroom in case of any problems. 6. These days most of the people wish to have some graphics over their cars. This may be a mix of color shades, some additional components etc. Showrooms may try to provide these kinds of customized solutions not requiring the customer to go at some other place. 7. Most people who buy cars wish to have fancy numbers. They spend considerable amounts to get these fancy numbers. Showrooms may work in this aspect and get into agreement with the registration office to provide these fancy numbers without taking exorbitant charge. 8. More EMI schemes can be introduced as customers find it more convenient in paying a EMI. 9. A call to the customers as per the schedule of service to know the working of car so that prompt service can be provided in case of need. 10. Extra offer to customer on referring to his friends/relatives. 11. Maintaining the high level of customer convincing. 12. Introduce the online booking facilities for customer to service their cars.
  • 61. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 61 CONCLUSION On the basis of simple random sampling the total sample size attended was 65 customers in which 50 respondent were who owned the Laxmi Hyundai vehicles. The data analysis was done with help of techniques such as questioner and different survey method. The proceeding of this study was done by a survey, which is an appropriate tool to maintain the level of customer Relationship. A structured questionnaire was developed in the process. These tools helped in analyzing the obtained information or results which projected certain findings and recommendations. From the research, several issues are found which needs to be emphasized for Laxmi Hyundai was greater success. Marketing strategy adopted by the organization is attracting huge customers. What have been noticed after interviewing around 50 customers that almost 75% of customers were happy and satisfied by the work of Hyundai Nepal. This shows that the showroom and all the service departments are most popular among the customers and they are doing the great job. Based on the findings of the study it is suggested that Laxmi Hyundai should do frequent market research on the basis of structured questionnaire to understand the existing market situation and carry out the corrective measures or improvements as needed for sales promotion. Laxmi Hyundai Company should frequently improve in its complaints handling system of customers to effectively manage such complaints of various customers and encourage customers to give more positive feedback about the product and services. The management must be able to collect and documents complaint and use that information to identify dissatisfied customers. Finally, lack of stable government, no clear government rules and regulations, heavy custom duties and taxes imposed on vehicles import, acute/heightened competition in the sector are some of the areas where the government should focus to improve and make the business more lucrative.
  • 62. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 62 BIBILIOGRAPHY
  • 63. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 63 BIBILIOGRAPHY 1. Indian management 2. Principles of marketing 3. Marketing management  Philip Kotler 4. Marketing research  G.C. Beri 5. Customer Relationship Management - William G.zikmund -Raymond mc. leod, JR -Faye W. Gilbert 6. TATA Mc. Graw Hill, Marketing Management -RajanSaxena 7. Customer relationship management Jagdishsheth Atulparvatiyar G Shaniesh Web sites- www.laxmiHyndai.com www.Google.com www.sciencedirect.com www.worldwide.hyundai.com www.wikipedia.com Journal :  njazz J. Chen, Karen Popovich, (2003) "Understanding customer relationship management (CRM): People, process and technology", Business Process Management Journal, Vol. 9 Iss: 5, pp.672 - 688  Jagdishsheth thought leader  Adrian Payne, PennieFrow (2005) A Strategic Framework for Customer Relationship Management. Journal of Marketing: October 2005, Vol. 69, No. 4, pp. 167-176.
  • 64. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 64 ANNEXURE
  • 65. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 65 QUESTIONNAIRES Dear customer, I am MBA student of, REVA INSTITIUTE OF TECHNOLOGY AND MANGEMENT doing a survey on customer relationship management with regard to this showroom. I would be grateful to you if you could spare a few minutes to this questionnaire. 1. Do you own a car? YesNo. i. If yes, please specify.................................................... 2. How did you come to know about Laxmi Hyundai Company? i. Newspaper Advertisement ii. Social media iii. Others, specify………… iv. Websites v. Friends 3. How do you find the ambience of this showroom? i. Excellent ii. Very good iii. Good iv. Satisfactory v. Needs to be improved 4. How do you feel the staff responsiveness when you enter the showroom? i. very Co-operative ii. Co-operative iii. Responsive iv. Non-Co-operative v. Highlynon-co-operative 5. What do you feel about the time taken by the receptionist of this service center inattending your call? i. Very quick ii. Quick iii. Reasonable iv. Delay v. Very much delay
  • 66. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 66 6. How do you find the sales executives explanation about the car features? i. Convincing ii. Satisfactory iii. Non convincing iv. Non satisfied v. Unless asked 7. How do you find the process involved in providing the financial facilities by showroom? i. Very Simple ii. Simple iii. Moderate iv. Complex v. very complex 8. How do you find the availability of choice of car colors in this showroom? i. Wide range ii. Limited iii. Very few 9. Will you suggest this showroom to your friend'srelatives? i. Yes ii. No A. If yes, because of i. quick service ii. Timely response iii. Friendly atmosphere iv. Trust worthiness v. infrastructure B. If No, please specify ……………………………………………………. 10. How do you feel about the equipment’s used here to deal with carscompared to others? i. Excellent ii. Good iii. Satisfactory iv. poor v. very poor
  • 67. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 67 11. Have you felt inconvenience after leaving yours car for service with the dealer? i. Always ii. Sometimes iii. Never 12. Have you raised any complaint against the problem/inconvenience faced by you to the management? i. Yes ii. No a) The issue raised by you was related to i. Wrong communication ii. Actual bill exceeding the estimated bill iii. Performance of car after service iv. Delay in delivering the vehicles after service b) If yes, was the problem/issue attended and solved by the management? i. Yes ii. No c) How long did the management take to solve your issue? i. Within few hrs. ii. 1 day iii. Within 1 week iv. More than 1 week. v. None 13. How do you rate after sales service of this showroom? i. Excellent ii. Good iii. Satisfactory iv. Poor v. Very poor
  • 68. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 68 14. How is yours overall experience with this showroom? i. Excellent ii. Good iii. Satisfactory Personal profile Name:- Occupation:- Address:- Contact No. Thank you for valuable time.
  • 69. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 69 Service Reception Waiting Room Repair &Maintenance
  • 70. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 70 Spare parts store Paint Booth Service area
  • 71. A Study on CRM Practice of Laxmi Hyundai REVA INSTITUTE OF TECHNOLOGY & MANAGEMENT Page 71 Washing Diagnosis Wheel balance and Tyre change