The
second in our series of excerpts from the '9 Case Studies
of Mudra's Leading Brands', takes a look at how the agency
built and maintained Mitsubishi Lancer as a leader in its
category.
 |
"There are just two ways to
have a royal status, you are born with it or you acquire
a symbol for it."
|
This nugget of psychology comes not
from any top shrink of our times, but from observations
made by the Mudra team while it was culling consumer insights
for its campaign for the Mitsubishi Lancer. Launched in
1998, the car was pegged in the super premium segment, with
the initial communication strategy defined as "styling and
driving pleasure". The approach worked well for the brand
with consumers perceiving it as a car for the "arrived",
a definitive status symbol. Print ad campaigns expounded
the car's driving comfort and the pleasures of owning a
Lancer.
Three years down the line, however, the market scenario
changed. The launch of D segment cars meant that 'premium'
cars were now larger, bigger and more expensive. The change
meant that the Lancer had to move down from the top of the
C segment (mid size) cars to the bottom of the D segment.
At the same time, the launch of competitors made the mid
size segment active in terms of sales offering increased
choices for the customer and setting new benchmarks in luxury
and styling.
To stay relevant in the evolving scenario, the Lancer had
to retain its core brand value in the face of competition
from brands like the Sonata and Accord. Mudra countered
this challenge with identifying the new core target segments
as - the corporate executive, the self employed professional
and the businessman. The new target was the successful,
male, 30 +, focused climber who would not flinch about pushing
the envelope to its limit.
"To be in control or on top of things was a pre-requisite
for them."
Another nugget from the Mudra school of wisdom - one that
helped the agency formulate its second strategy for the
car. The Lancer's brand benefit ladder now hooked the potential
customer with these steps - responsive, balanced…..control
of the car….life in control….unflappability.
"The Lancer," says Mudra, "moved a notch
up on the ladder and was transported to the area of 'life
in control'."
While TV viewing emerged as one of the critical habits of
the potential customers, external factors forced Mudra to
exploit the next best medium - niche elite and leisure magazines.
The strategy worked - the Lancer is today the market leader
in the MSP segment, commanding a market share of nearly
52 per cent.
|