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Marketing Mix for Karizma Zmr

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Submitted By pooja06teotia
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1. DETAILED MARKETING MIX

1.1 PRODUCT

Design

• Aerodynamic designing for smoother handling at high speed • Sporty seating posture with convenient grip for superior performance • Visor mounted collapsible rear view mirrors • Like most other sport models Hero MotoCorp has dropped the kick start for Karizma ZMR.
Variety
Karizma ZMR is offered in four colours • Panther Black Metallic • Vibrant Orange • Blazing Red • Sporty White
Features
• F1 engine with Fuel injection • Digital display • Maintenance free battery • Real time Mileage Indicator • Tube less tyres
Brand Name
The brand name comes from Karizma R as the bike is the line extension of the same.
Warranties
It comes with a 5yrs or 70,000 km warranty (whichever happens first, from the date of purchase).
After Sale Service
The company has 5800+ sale and service points all across India to service the customer. With the purchase of bike customer gets 3 free services.

1.2 PRICE

Customer segment is the premium youth segment in the age group of 18 to 25. The product is a premium offering in the motorcycle segment, which makes it an eligible contender for value based pricing. However, cost effectiveness has also been kept in mind while competitively pricing the product to make it economical in the sports bike segment. Karizma ZMR has been consciously priced at 1.03 lakhs (ex- showroom price) against the competitor Yamaha, which is priced at 1.2 lakhs. No promotional discounts are offered to the consumer.

Customers expect a right combination of quality, service and price. Value based pricing can be effectively used to capture buyer’s perception and the value of the product rather than the seller cost. Thus, features have been added to differentiate the offering of the company from the competitor’s product. The price in

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