4. Marketing Mix
Target Segment
Age Group- (18 to 30)-Young Generation
(30 to 60)-Middle Age
Gender- Male
Female (Gearless)
Positioning
Motorcycles become more mainstream products.
Better fuel economy gives people yet another reason to buy
motorcycles.
They are also regarded as “cool” machines to own and collect.
6. Market Characteristics
•In Motorbike market Hero and Honda are
extremely competitor.
•Total units of sales in motorbike segment is
605502.
•The growth rate of motorbike companies is 25%.
7. Market Scenario
In depth analysis of premium 150cc bikes available for everyone to
choose the best
Like
Bajaj Pulser
Hero Honda Hunk
Honda CB Dazzler
Yamaha FZ series
TVS Apache, RTR
9. Success Factors
Change of market preferences toward the characteristics
of its own products through active marketing strategies.
Focus on high margin upper segment to entice new
customers.
Exploitation of economies of scale through both
centralized manufacturing and logistics.
12. Conclusion
Motorcycling has become popular among baby boomers
and generation Y according to the Motorcycle Industry
Council.
A growing number of women and families are also riding
motorbikes.
There has also been an increase in older and affluent
riders.