Preview

Cars Produced at Eros Motors

Good Essays
Open Document
Open Document
522 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Cars Produced at Eros Motors
At Eros Motors, we provide safe, stylish, green and a cutting edge form of individual mobility to our customers. We have been successful in offering what customers feel is important to them. Our cars also come with all the options, which are asked by our customers.
We planned our strategy taking into consideration all the aspects of marketing, H.R, finance and operations.
Marketing plays a very crucial role in this modern world so we promoted our products through various forms of media. We spent heavily at the start just because we wanted to make our presence felt in the market.
We always believed that our team is of utmost importance to us, so we made sure that there is a balance between automation and workforce to maximize production. We also paid them well so that they remain motivated at all times and work towards the goal of the company. Training of employees is a must and this is necessary for the quality of the cars. We noticed that our Warranty claims were high, so by proper training this could have only been reduced.
Research and Development is an important area and a good amount of money was spent over the years so that we develop better and environment friendly cars in the times to come. We made sure that the money is not spent on general R&D rather we identified some key areas and invested in those constantly.
Finance was an area of concern as we were incurring huge losses; we took necessary steps to improve this. We priced our products aggressively and planned production efficiently. As a result this gave us better sales. We also tried to cut down on costs, which gave us a better gross margin over the years. We started to make profits in the later years and this shows that our products have been well accepted by the market.
We offered Alpha (medium) and Beta (large) cars in the beginning then we came up with Delta (city - hybrid) and lastly with Zeta (diesel – luxury). The luxury market was untapped and we thought we could do well by

You May Also Find These Documents Helpful

  • Good Essays

    acc 230 week 8

    • 578 Words
    • 3 Pages

    The Shareholders are going to be interested in the financial health of the company so it will be important to focus on profit ratios and return on investments. When evaluating a company’s financial health it is important to evaluate all positive and negative financial instances. When I meet with the design crew, investors, and CEO I will suggest that we paint an honest picture of our financial health. In accordance with the SEC and Sox act, it is our fiduciary responsibility to divulge all financial information even if it is negative. With that being said it is also a good idea to elaborate on the good points. We have seen some dives in our profit outputs but it will be important to highlight what caused the decline. Our investments and expansion plan will outline how our profits should rebound and increase in the years to come. Points like the capital structure, liquidity, strengths, weaknesses, plans to improve in the future, and profit ratios compared to industry averages are all important topics to consider when presenting an annual report to stakeholders (Fraser & Ormiston 2007).…

    • 578 Words
    • 3 Pages
    Good Essays
  • Good Essays

    To have an effective promotional campaign, the method of communication being used should target the desired market, grab the attention of the desired audiences, and causing the audience to remember the name of the product while give them a reason to want to try the…

    • 406 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Capsim Analysis Report

    • 656 Words
    • 3 Pages

    Marketing. We put a lot of money on sales and promotion for all segments in order to increase customers’ awareness and build a great brand image. After customer awareness or brand recognition is achieved, we will reduce the budget for sales and promotion for that segment. However, we modified the strategy by putting a low price in the first year in order to increase the customers’ awareness also. Offering a cheap price for all of the products gives the customers more choices, thus building a high customer loyalty to our products. Therefore, by distinguishing our products with better performance and size, having high awareness in the market, and easy accessibility, we will gain a competitive advantage in the market.…

    • 656 Words
    • 3 Pages
    Good Essays
  • Best Essays

    The problems the United States auto industry had during the late 70s and 80s were the lack of discipline, high absenteeism rates, and low morale among employees, all of which resulted in inefficiencies and low quality products. “Even with lesser quality, the (GM) Fremont plant averaged 34 man-hours of labor per automobile, versus only 20 at Toyota” (Rehder, Hendry, & Smith, 1985, p. 36).…

    • 3364 Words
    • 14 Pages
    Best Essays
  • Good Essays

    Glo Bus Final Report

    • 3864 Words
    • 5 Pages

    Our company wanted to appeal to as many consumers as possible and gain market share…

    • 3864 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Tesla Motors

    • 2705 Words
    • 9 Pages

    Tesla no doubt sets a new standard for premium performance. Though Tesla Motors is still in its beginning phases, they continue to impress the world in terms of first class performance and efficiency. The secret to their success is an entirely new concept.…

    • 2705 Words
    • 9 Pages
    Better Essays
  • Good Essays

    Clean Edge Razor

    • 1477 Words
    • 5 Pages

    Innovative and new products increased total market size and took bigger market share, especially in super premium market. Accordingly the portion of media advertising expenditures in promotion budget has increased continuously to deliver the value of new and innovative products to customers. But there wasn’t any change in Paramount current products.…

    • 1477 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

     Company was looking for ways to Improve the Gross Margin to bring it to…

    • 1001 Words
    • 8 Pages
    Satisfactory Essays
  • Good Essays

    Bsg Report

    • 1595 Words
    • 7 Pages

    During the initial 6 years of we were more focussed on bringing the cost of the product low. We did this by sacrificing our miscellaneous expenses. We maintained the quality of materials at 50% but cut down on investment on TQM and styling/features. This indeed did impact our product image but yet we were able to get around 15% market share in the wholesale market.…

    • 1595 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    4. Product 102's significant increase in sales and net profit margin were two major contributing factors to the company's return to profitable operations in the period from January 1, 2004 to June 30, 2004. Not to be overlooked,…

    • 368 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    With the change in demand from society in the types of cars people wish to drive, we have to adjust the path we are taking to achieve our vision. We can only achieve this if we focus our full and uncompromising attention on the customer. That’s why our mission is:…

    • 5186 Words
    • 21 Pages
    Powerful Essays
  • Better Essays

    Financially our company is prevailing at a steady growing pace. Our total asset turnover rate is not at optimal level, but it is increasing, currently at seventy-five percent. Our quick ratio is low, but with our new investments in our warehouse and manufacturing, we shall increase it from 1.28 percent. Our current ratio is at 2.28 percent and growing. Without further due, our gross profit is at a 1.72 percent. The truth of matter is, with all our new branding and distribution, this number is, and will continue to rise.…

    • 942 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    In all honestly, i’d thought about it a few times, and still wasn’t sold on this car. however, experiencing this three luxury cars can change ones mind, just like that. this massive car has presence and possesses without exuding arrogance. whether it’s standing still or on the road, it commands attention without asking for it.…

    • 731 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Case Study Gucci

    • 877 Words
    • 4 Pages

    Our strategy in advertising and marketing focused on giving the company’s image a full renovation. This was done to establish the brand after the changes it has undergone. Afterwards, we have released other ads that focused on our products.…

    • 877 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Modern Cars

    • 487 Words
    • 2 Pages

    We ask ourselves every time we see heavy traffic, is there no variance anymore amongst car models? In the old days, as a matter of fact only five ore ten years ago every single car brand seemed to have it's own personality, today they look more like a cluster of copycats. What went wrong? One reason is that the automotive industry has certain trends it has to follow, just like fashion designers and musical composers. In times of recession and decreasing sales there is less room to take chances and manufacturers are prone to follow the common pattern as a safer bet rather than releasing a controversial product that might or might not sell very well. This makes for different models to conform considerably under the rules and regulations for the design of a car of this decade. Another reason is that many manufacturers actually cooperate and by contracts copy each others models. The Mitsubishi 3000 GT for example is practically the same car as the Dodge Stealth, only the Mitsubishi is made in Japan at the original factory and the Stealth is made in the US at the Dodge factory. Apart from the two emblems respectively, very few details differ the two cars. Honda who have been in need of a sport utility vehicle in order to grab their share of that part of the market, which has grown considerably the last decade have taken almost desperate measures. They have simply bought the rights to re-badge the Isuzu Rodeo as the Honda Passport and marketed it as an all new model.…

    • 487 Words
    • 2 Pages
    Good Essays