| Representing the responses of more than 6500 new-motorcycle
buyers towards the performance of over 30 models in the key areas
of sales satisfaction, product quality, motorcycle performance and
design, after-sales service, brand image, and cost-of-ownership, the
2004 Motorcycle Total Customer Satisfaction (MTCS) study conducted
by TNS specialist division, TNS Automotive, is the largest syndicated
motorcycle study in India. The TCS index score provides a measure
of commitment a given model or brand enjoys with its customers, informed
an official release.
Joining the TVS Centra in the coveted number one slot, the Hero
Honda CD Dawn, the Bajaj Pulsar and the Royal Enfield Machismo emerge
as leaders in the standard, premium, and cruiser segments, respectively.
Furthermore, in addition to its top ranking customer satisfaction
score, the Centra records the industry-best fuel efficiency at 69.5
kilometers per litre according to the owner-reported data.
"The industry average TCS score has improved marginally by
one index point from 2003. The study reveals that manufacturers
are meeting their customers expectations in regards to performance
and design and product quality, but fall short in the areas of after-sales
service and cost of ownership," said TNS Automotive General
Manager (Asia Pacific) Rajeev Lochan.
The challenges in managing customer expectations over time as the
length of ownership increases is a finding common to both TNS
2003 and 2004 studies. Compared to an average TCS score of 82 for
one to six months owners, the score for post-warranty customers
drops by seven index points to 75.
"Hero Honda, particularly Splendor, performs with a greater
degree of consistency in satisfying their customers throughout the
ownership period. The strong customer commitment that Splendor enjoys
is not surprising and is reflected in its equally strong market
place performance," Lochan.
The study also revealed that new models/ model variants such as
Hero Honda Passion+, Hero Honda Karizma, and TVS Centra have performed
well in meeting customer expectations, especially on performance
and design.
In addition to the customer evaluations on various aspects of their
ownership experience, this study also examines key trends in the
industry. Some of the emerging trends are:
* Nearly one-fifth of owners surveyed indicate a preference for
upgrading to cars within the next three years. Among those intending
to purchase a new car in the near future, the budget ranges between
Rs 200,000 to Rs 400,000.
* Increase in owners purchasing additional/ replacement motorcycles.
Among owners who purchased a new bike in 2004, 26 per cent bought
it as an additional/ replacement to another two-wheeler. This represents
an eight-percentage point increase compared to those who purchased
a new bike in 2001.
* Among makes currently not available in the market, Honda finds
a strong preference. The preference is significant among owners
of executive and premium bikes, particularly from Yamaha and Hero
Honda.
* Weak preference for Chinese bikes with over 70 per cent owners
either unaware or rejecting the brand.
"These trends are indicative of a shift in the market composition
and its impact on future car sales," observes Lochan. "Small
car manufacturers will certainly benefit from the rapidly growing
base of motorcycle owners, while Hondas entry into the motorcycle
market will pose a stiff challenge to its competitors."
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