Porsche
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Transcript of Porsche
Porsche• Industry:- Automobile• Founded in 1931 by Professor
Ferdinand Porsche.• Headquarter:- Stuttgart
(Germany)• Area served:-Worldwide• Owner:- Volkswagen AG• Key people :-Wolfgang
Porsche, ChairmanMartin Winterkorn, President &CEO
• Employees:-17,502 (2012 fiscal year)
4 P’s
PRODUCT
PRODUCT
• High end exclusive sports cars• High performance• High quality• USP:- Extremely luxurious car, High
reputation in the market
1. Boxter
2. Cayman
3. 911
4. 918 Spyder
5. Panamera
6. Cayenne
Place
• Precision Cars India Private Limited was established as the official Porsche Importer for India in 2007
• Dealer for India.
Place
• New Delhi• Ahmedabad• Chandigarh• Chennai• Hyderabad• Kochi• Mumbai
Price High price=high quality
1. Porsche Boxter- Rs.57.26 lacs to 82.17 lacs.2. Porsche Cayman- Rs.62.02 lacs to 93.99 lacs.3. Porsche 911- Rs.1.15 cr to 2.89 cr.4. Porsche 918 Spyder- Rs. 6.43 Cr.5. Porsche Panamera- Rs. 1.26 cr to 1.83 cr.6. Porsche Cayenne- Rs.62.91 lacs to 1.42 cr
Promotion Engineered for magic. Everyday.
• Shifting to consumer focused advertising T.V., Print, Direct mail• Advertisement in Newspaper, Automobile
Magazines etc• Participating in more Automobile Exhibition.
Segmentation
Targeting
Positioning
Market Segmentation
Segmentation Demographic Segmentation
• Age: Anyone above 18 years having a driving license.
• Income : High income Group
Geographic Segmentation
• Cities : Initially Metros, further expanding into Semi- Urban Markets.
Psychographic Segmentation
• Someone who lives a fast paced life, whose constantly on the move.
Target Markets
• People who are sports enthusiasts.
• Have passion for sports car.
• People who believe in heritage.
• Rich businessmen and Royal families
Porsche Positioning
High
High Quality
Price
PriceLow
QualityLow
Porsche Positioning
High
High Quality
price
priceLow
QualityLow
•High Priced-High Quality-Exclusive Sports Cars
•Dream it. Experience it.
• Car manufacturer for elite and extremely prosperous customers
Basic Model-MNCInvest and
GrowSelectively
Grow
Maintain Harvest DivestMarket
Attractiveness
Product’s performance
H
H
L
L
Marketing Strategy
• Coming up with innovative models.• Core Competency of all the Porsche products
is Performance.• Target marketing towards younger consumer• Product Placement in Various things like
movies, music videos, Gaming Industry etc.
Advertising Strategy
• Advertising Campaigns through the conventional media
• Enhancing Company Value through various CSR measures
• Participating in various Popular Racing Events
Consumer Focus• Marketing the practicality of Porsche• Targeting consumer values• Breaking from traditional
performance driven advertising Consumer.
Consumer Behaviour• Object of Purchase:- Luxury Cars• Objective of Purchase:- Status and
Sophistication• Organization of Purchase:- High Income and
Royal Families• Occasion of Purchase:- Necessity, lover of cars
and any other Occasion• Outlet of Purchase:-Centrally Located Retail
Outlets in Metro cities and semi-Metro cities
SWOT Analysis
Strength
1.Brand presence and reputation across globe2. Few car models but wide range of variants. Hence, gets an advantage of brand extension3. Is a popular brand in the racing as well as the gaming industry
Weakness
1. Lacking presence in middle income segment which is expanding at a phenomenal rate
2.Very high maintenance and running cost in an extremely competitive luxury car market
Opportunities
1. Capitalize on exclusivity and increase sales2. Future generation and concept cars3.Increasing manufacturing facilities and
distribution as well as servicing network
Threats
1. Government policies in some countries2. Impending recession which may decrease
purchasing power3.Intense competition from automobile giants