Toyota Vineet Chaudhary-NIT Jalandhar

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At the heart of a great brand is a great product

Transcript of Toyota Vineet Chaudhary-NIT Jalandhar

Page 1: Toyota Vineet Chaudhary-NIT Jalandhar

At the heart of a great brand is a great product

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Toyota

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All Started with a Vision by Kiichiro Toyoda in 1937

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Toyota came long way in its 80-year journey

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Toyota’s Global Market Share

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Entry into luxury division in 1989

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Promised an Unparalleled Experience

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• Started Competing with all type of automakers on the globe

• Entered into best luxury segment in market

How Lexus changed the perception of Toyota in the market?

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Surpassed Both BMW & Mercedes Benz in 1991

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It was brought into market through Total Youth Oriented Marketing Programme

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1. Toyota’s JUST In TIME Manufacturing

Method

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2.

Traditional Advertising Huge

Dealerships Across the Globe

Fours Sales Channels-Toyota, Corolla, Toyopet & Netz

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3. • Being Customer-Feedback Oriented• Keeping in mind the Demographic and

Geographic Changes

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Variety of cars available for all type of customers

4.

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5. “If there’s a market segment where we are not present, we go there” by Tatsuo Yoshida, Auto Analyst Toyota

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Toyota’s Strengths:• Margins are much higher than

its direct peers.• Captured most of North

America’s auto market share.• Quality = SuperiormostChallenges ahead:

• Unable to stay ahead of GM in the Chinese market

• Delay in Toyota’s ability to deliver mainstream eco-friendly vehicles

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Conclusive Portrait:When Toyota was founded?

How does it start?

Became the world’s largest automaker

But How?

Remember Five Points?1. Just in time2. Marketing Strategy3. Customer-Feedback 4. Added Variety5. Accessible to all

StrengthsChallenges

World’s Largest

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DISCLAIMERCreated by Vineet Chaudhary, NIT Jalandharduring a Marketing Internship,By Prof. Sameer Mathur, IIM Lucknow