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Consumer Insights on Smart Bikes

The document discusses interviews conducted with two customers, Rishi Raj and Rishi Bardhan, about their motorcycle purchases and usage. While Rishi Raj uses his basic 100cc Hero motorcycle mainly for daily commuting, Rishi Bardhan enjoys taking his high-end 220cc Karizma bike on weekend road trips. Both customers associate certain personality traits with their bike choices. The relationships with their motorcycles are still relatively new, within the last 1-2 years, and so far no major issues have arisen.

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Atul Mishra
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0% found this document useful (0 votes)
254 views6 pages

Consumer Insights on Smart Bikes

The document discusses interviews conducted with two customers, Rishi Raj and Rishi Bardhan, about their motorcycle purchases and usage. While Rishi Raj uses his basic 100cc Hero motorcycle mainly for daily commuting, Rishi Bardhan enjoys taking his high-end 220cc Karizma bike on weekend road trips. Both customers associate certain personality traits with their bike choices. The relationships with their motorcycles are still relatively new, within the last 1-2 years, and so far no major issues have arisen.

Uploaded by

Atul Mishra
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
  • Consumer Profiles
  • Consumer Experience Analysis
  • Conclusion

ATUL MISHRA, PGP-12-096

Consumer Behavior exercise -F

Consumer Behavior Exercise F A product or service costing over Rs. 3000/- that, the customer feels, reveals something about the kind of person he or she is.

Consumer profile

Name: Rishi Raj Age: 25 Occupation: Engineer PSU (BHEL) Location: Haridwar Salary: Above 8 lakhs

Name: Rishi bardhan Age: 24 Occupation: Engineer PSU (BHEL) Location: Hyderabad Salary: Above 8 lakhs

Reason for 2 consumers People have different attitudes towards the product they buy. Not all consumers buy the product with same use in mind. I know both of them personally and felt its good that we can show the contrast the same product can have The consumer represents the demographic trend of India. Growing population of young people with high earning capacity. This also means that there is a growing market with high competition where market will do anything to create product differentiation and causing the product to buy. A product that defines todays youth is definitely the bikes. Bikes have always been the favorite toys of men. With movies like Dhoom series and rapidly changing technology the market is growing at rapid rate. According to ICRA the volumes growth was approximately 13% ([Link] %[Link])

The interview revolved around asking the questions given and forming deductions based on them

How would you describe the consumption experience?

How is the product/service used or consumed? Who uses it? When? Where? How often? What feelings and opinions surround the consumption experience?

While for Rishi Raj the product is important since he needs it for commuting, Rishi Bardhan has bought his Karizma as he likes to go for drives. They use their bikes almost daily however while Rishi raj uses it for transportation, Rishi Bardhan mainly uses it on weekends for road trips. While asking them the feelings and opinion both of them admitted that they buy the bike based on the belief that the bike defines them to a certain extent. Rishi raj described himself a calm composed person who like to have the product which are not very complex. Needless to say his bike was black in color with simple to basic feature (Hero, CD Dawn, a 100cc bike) Rishi Bardhan on the other hand like speed and he described himself as energetic, gregarious natured person who like to travel and wants to use his bike for the same purposes. He bike colour is Red with high end features (Karizma, a 220 cc bike) Both of them expressed a sense of satisfaction while using the bike. They associated their nature to the kind of bike they drive and expressed satisfaction with it.

What type of a relationship does the customer have with the product or service? How long has the relationship been going on? How has it evolved and changed over time? What terms best describe the relationship: good, bad, mixed, love-hate, dependency, casual, partners, exploited, exploitative, good friends?

Rishi raj bough his bike 1 year ago, quickly after shifting to Haridwar, where as for Rishi Bardhan it has been just 6 months . Its still a little too early to deuce much from their purchase however on interviewing and giving them the above words to describe their relationship with their product, Rishi raj chose dependency and partners. Rishi bardhan on the other hand described it as good friends and good. Rishi raj later explained that he would prefer to have a car as soon as possible and hence he did not invest large amount on the bike. Rishi Bardhan on contrast to that described how much he loves biking and plans to buy car only when he will decide to settle down. Incidentally Rishi Raj has missed a few servicing sessions while Rishi Bardhan has not missed any. What I deduced was that a product can be bought for different reasons. It is important to understand the reasons which will help us to market the product effectively. What kinds of things have gone wrong in the relationship? Stockouts, unavailability of parts of service, inappropriate communication, quality lapses, violations of norms or expectations or values.

Both did not express anything wrong happening with their product. While Rishi Bardhan had an accident but the servicing ensured that his bike was repaired. Rishi raj said he does no use his bike that much but till now he has no complaints from the product. While surprisingly thee were no product complain but I believe 1 year or 6 months are a little early for the product complaint. A personal experience from my side says that normally problem start after 2 years when the frequency of servicing increases and more interaction with customer service centre and insurance company increases. Moreover since both the bikes are from well reputed strong brands so I see less chance of any violation of any norm. What positive surprises have occurred?

Exceptional service, welcome communication, performance above expectations, affirmation of values.

Rishi Raj said while he appreciates the facility that a bike offers, as such he has no positive surprise from his bike. He uses it for primarily

Common questions

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By understanding the variations in consumer behavior illustrated by Rishi Raj and Rishi Bardhan, companies in the bike industry can design products and marketing strategies that cater to distinct consumer needs and preferences, potentially increasing customer satisfaction and loyalty. Recognizing that Rishi Raj values simplicity and Rishi Bardhan seeks excitement allows companies to target each profile with tailored communication and product features. This understanding can also guide innovation and product differentiation efforts, helping companies capture a broader market segment and achieve competitive advantage .

The varied experiences of Rishi Raj and Rishi Bardhan imply that marketing strategies in the biking industry should be diversified to cater to different consumer segments. Rishi Raj represents a practical, cost-sensitive consumer segment that prioritizes utility and value in their purchasing decisions. Marketing strategies targeting this segment should emphasize durability, fuel efficiency, and affordability. In contrast, Rishi Bardhan embodies a lifestyle-oriented consumer segment that values speed and adventure. For this segment, marketing should focus on performance, style, and the excitement of the riding experience. Effective strategies should thus be tailored to address the diverse preferences and motivations within the market .

Rishi Raj and Rishi Bardhan demonstrate how personal characteristics and motivations strongly influence purchasing decisions in the bike market. Rishi Raj, who is calm and composed, opts for a simple Hero CD Dawn bike for practical commuting needs, showing a preference for functionality and simplicity. In contrast, Rishi Bardhan, who is energetic and enjoys traveling, chooses a high-performance Karizma for road trips, reflecting his preference for excitement and capability. These choices show how different personality traits and lifestyle priorities impact product selection .

Personal identity significantly shapes consumers' relationships with products, as demonstrated by Rishi Raj and Rishi Bardhan. Rishi Raj's choice of a simple, utilitarian bike reflects his self-perception as calm and composed, aligning his product choice with his personal values. Conversely, Rishi Bardhan's preference for a high-speed, feature-rich bike mirrors his self-image as energetic and sociable. This highlights how consumers often select products that express their identity and align with their self-concept, influencing both the initial purchase decisions and ongoing satisfaction with the product .

Rishi Raj's preference for a car in the future reflects a broader trend among consumers who seek more comfort and safety in their transportation as their financial situation improves or their life circumstances change. With his growing income and stable occupation, Rishi Raj may desire a vehicle that offers more convenience and status. This trend is common among young professionals who initially use bikes for practical reasons but shift towards cars as their primary mode of transport when they prioritize stability and lifestyle upgrades .

Future satisfaction or dissatisfaction for Rishi Raj and Rishi Bardhan may be influenced by emerging needs, changes in lifestyle, or product performance over time. Rishi Raj's satisfaction could decrease if commuting demands grow or if he experiences improved financial status, prompting a switch to a car. In contrast, Rishi Bardhan's satisfaction might continue if the bike maintains performance, supporting his leisure activities. However, dissatisfaction could arise from unmet expectations in durability or service, reinforcing the need for ongoing product and service quality to maintain consumer satisfaction over time .

Rishi Bardhan's experience with his bike exemplifies the 'good friends' archetype in product-customer relationships, characterized by a strong emotional attachment and a sense of enjoyment. Rishi Bardhan's use of the bike for leisure road trips indicates that the product enhances his lifestyle and aligns well with his personality traits, which are energetic and adventurous. Such relationships often foster brand loyalty and positive word-of-mouth, as the user experiences satisfaction and pleasure beyond mere functionality .

Rishi Raj and Rishi Bardhan's servicing behaviors demonstrate varied levels of engagement with their bikes, which can inform post-purchase support strategies. Rishi Raj, who has missed several servicing sessions, may indicate lower emotional investment or reliance on his bike. This could suggest a need for proactive reminders and value-based promotions to encourage regular maintenance. In contrast, Rishi Bardhan, who adheres to a strict servicing schedule, indicates high engagement and satisfaction, suggesting that personalized communication and loyalty programs could be effective in maintaining this relationship. Understanding these behaviors helps tailor post-purchase strategies to enhance customer retention and satisfaction .

The different uses of the bike by Rishi Raj and Rishi Bardhan illustrate how consumer product relationship dynamics vary according to individual needs and lifestyle. Rishi Raj views his bike as a necessary tool for daily commuting and describes his relationship with it as dependent and utilitarian. Conversely, Rishi Bardhan uses his bike primarily for leisure and describes his relationship as one of enjoyment and companionship, akin to 'good friends'. This contrast highlights that consumer relationships with products can range from functional dependency to emotional attachment based on usage context .

The choices of Rishi Raj and Rishi Bardhan reflect broader purchasing behaviors among young Indian professionals who prioritize practicality and lifestyle fulfillment in their buying decisions. Rishi Raj's selection of a simple, inexpensive bike for commuting represents the practical, cost-conscious segment, focusing on utility. Rishi Bardhan, on the other hand, illustrates a segment that seeks lifestyle enhancement and personal enjoyment, choosing a higher-end bike for leisure. These behaviors underscore the importance of aligning product offerings with the diverse values and aspirations of young professionals in a rapidly evolving market .

ATUL MISHRA, PGP-12-096
Consumer Behavior exercise 
-F
Consumer Behavior Exercise F
A product or service costing over Rs. 3000/- that, the customer feels, 
reveals something about
The interview revolved around asking the questions given and forming deductions 
based on them
How would you describe the con
Rishi raj bough his bike 1 year ago, quickly after shifting to Haridwar, where 
as for Rishi Bardhan it has been just 6 month
Rishi Raj said while he appreciates the facility that a bike offers, as such he has no 
positive surprise from his bike. He u

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