P: ISSN No. 0976-8602 RNI No.  UPENG/2012/42622 VOL.- XII , ISSUE- II April  - 2023
E: ISSN No. 2349-9443 Asian Resonance
A Study of Marketing Strategies Being Followed in Automobile Industry with Reference to 16th Auto Expo 2023 in New Delhi
Paper Id :  17393   Submission Date :  20/03/2023   Acceptance Date :  15/04/2023   Publication Date :  25/04/2023
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Vinod Kumar
Faculty
Marketing
IBS Business School
Gurgaon,Haryana, India
Abstract Purpose: This study analyzes current status of 16th auto expo 2023, the marketing mix being followed in auto expo 2023 in Indian automobile industry with the purpose of making suitable recommendations to ACMA, CII and SIAM as organizer of the show so that they can improve the visitor’s footfall and enhance the image of the show in the market. Design/Methodology/Approach: This study uses secondary data and primary data collection techniques from subjective interviews of Industry expert along with the data obtained from various secondary sources such as newspapers, websites and others. Findings: Based upon the analysis of the 16th edition of auto expo 2023 in New Delhi, a revised product mix, price mix, place mix and promotion mix has been designed for ACMA, CII and SIAM as organizers of the show, so that they can gain an added advantage for the forthcoming or next edition of auto expo in Indian Automobile Industry. Practical Implications: This study provides insights into marketing mix for several stakeholders involved in exhibition industry be it exhibitors, visitors, organizers, co-organizers, official participants, vendors or general public at large. With the help of this revised marketing mix, everyone in the value delivery network would be able to gain some benefits out of it. Originality/Value: It contributes to the extant literature on exhibitions in automobile industry while investing the product mix, price mix, place mix and promotion mix.
Keywords Automobile Industry, tradeshows, trade fairs, exhibitions, marketing mix, product mix, price mix, place mix and promotion mix decisions, auto expo, ACMA, SIAM, CII.
Introduction
Marketing Practices in 16th auto expo 2023: Marketing is defined as the process of providing customer value and customer satisfaction, thereby making relationship with the customers to achieve their advocacy and improve scaling in business. Marketing mix includes product, price, place and promotion related decisions that would help you improve your market position so that you gain leadership status in comparison to your competitors. Marketing also encompasses basic concepts such as need, want, demand, product, service, customers, market and business environment followed by logistics and supply chain management practices (Kotler & Armstrong, 2008; Kotler & Armstrong, 2001; Kotler & Keller, 2007; Kotler, 2002; Kazmi, 2007; Belch, Belch & Purani, 2010, Kumar & Kumar, 2015). Exhibition is a platform to deliver and exchange business and consumer information in accordance with their needs (Xiaoming, 2012; Kazmi & Batra 2009). (Gaur & Saggere, 2009; Karunakaran, 2009) defines Exhibitions as display of products and services at a location that can provide enough market coverage and accommodate different participants involved in the respective show. Brieter & Milman (2006) describe Exhibitions and trade shows are synonymously used with the basic meaning of displaying and demonstrating of products and services based on the theme of the show. The focus of the researcher through this study is to provide product, price, place and promotion related decisions followed in 16th auto expo 2023 and provide necessary recommendations to the organizer of the show for next edition of auto expo in Indian automobile industry. Therefore, researcher is trying to draw our attention on the marketing strategies being followed in automobile industry. These strategies will not only improve the visitor’s footfall in terms of attending next edition of auto expo for them but also helps the organizer of the show to know what else can be done to ensure value addition for the stakeholder.
Aim of study The main objective of the research was to determine A Study of Marketing Strategies being followed in automobile industry – A case study of 16th Auto Expo 2023 in New Delhi along with other objectives which are mentioned below: 1) To analyze the current status of 16th auto expo 2023 in Indian automobile industry 2) To analyze product, price, place and promotion related strategies followed in 16th Auto Expo 2023 in Indian automobile industry. 3) To recommend necessary strategies to the ACMA, CII and SIAM as organizers of the show to improve its image for next edition of auto expo in Indian automobile industry. The above objectives have been achieved based upon the study of retrospect auto expo 2020, website analysis of the auto expo 2023, interview with industry expert to understand the marketing mix practices followed in Indian automobile industry, which was a combination of product, price, place and promotion decisions, which are mentioned as below:
Review of Literature

Automotive industry in India: Current status

The India passenger car market was valued at US$ 32.70 billion in 2021, and it is expected to reach a value of US$ 54.84 billion by 2027, while registering a CAGR of over 9% from 2022-27. Indian automotive industry contributes almost 6.4 percent of India’s GDP and 35 percent of manufacturing GDP and is a leading employment provider. Market Size: 22.65 million vehicles (Financial year 21), FDI equity inflow: 30.78 billion US$ (April 2000 – September 2021) accounting for 5.49 percent of total equity FDI during that period. Indian automotive industry is targeting to increase export of vehicles by five times during 2016-26. In FY22, total automobile exports from India stood at 5,617,246.


Main Text

Product Decisions Followed In 16th Auto Expo 2023:

Product mix means covering length, width and depth of solutions offered by the organization along with branding, product launches and other dimensions of product. Based upon the analysis of the auto expo 2023, the following facts were observed:

Product launches during the show, designing the venue, providing physical environment, infrastructure, and technology for making deals and developing relationships to several participants of the show. The various achievements being observed in 16th auto expo as per the researcher includes:

Description of item

Quantity

Exhibitors

800 plus

Product launches

200

Products on display

1400

Registered business visitors

20000

Expected footfall

100000

Countries participation

65

Country delegations

15

Square meters of exhibition area

60000

Source: Secondary Data – Newsletter of Auto Expo

 Price Decisions Followed in 16th Auto Expo 2023:

It is important to plan sales, marketing and branding activities effectively to get the most of your investment at auto expo 2023. The various components and their pricing description being followed in 16th auto expo are as follows:

Source: Secondary Data: Research based table

Place Decisions Followed in 16th Auto Expo 2023:

Place decisions means providing venue details and guiding how to reach the venue and participate in different activities of the program with the help of team involved coordination of several activities. The place mix or decisions followed in 16th auto expo 2023 being observed by the researcher are as follows:


  

S. No

DATE

TIME

ACTIVITY

VENUE

1

Wednesday, January 11, 2023

0900 - 1700 hrs.

ACMA Aftermarket Summit

Hotel Grand, Vasant Kunj

2

Thursday, January 12, 2023

1100 - 1300 hrs.

Inaugural - Auto Expo Motor Show

India Expo Mart, Greater Noida, U.P.

3

1500 - 1600 hrs.

Inaugural - Auto Expo Components Show

Amphitheatre 1, Ground Floor, Pragati Maidan, New Delhi

4

Friday, January 13, 2023

0900 - 1730 hrs.

ACMA Global Summit & Automotive Technology Partnership Summit & Expo (ATPSE)

Hotel Grand, Vasant Kunj, New Delhi

5

1000 - 1330 hrs.

Stakeholders Awareness cum Consultation Workshop for Development of National Strategy for Phase-down of Hydrofluorocarbons (HFC’s)

Theatre Hall, India Habitat Centre, New Delhi

6

Saturday, January 14, 2023

1000 - 1400 hrs.

ACMA-AIWA Conference on Spare Service Support in a Changing Environment

Conferene Room, Hall A3, Mezanine Floor, Pragati Maidan, New Delhi

7

Sunday, January 15, 2023

1030 - 1115 hrs

Delegation from Bangaldesh - 6 Members visit to Auto Expo & Interaction with select ACMA Members

Board Room, Hall A3, Mezanine, Pragati Maidan, New Delhi

Source: Secondary Data – Calendar issued by organizer

Promotion Decisions Followed in 16th Auto ExpO 2023:

Promotion mix means providing sponsorship opportunities, media partnerships, using media channels, digital channels and other PR decisions to promote the show with the objective of improving footfall so that the exhibitors may gain added value through their participation in the show. The promotion mix or decisions followed in 16th auto expo as observed by the researcher includes:


Media partners

Sponsorships

General Information

Organizer

Auto asia

Anand

Currency update

ACMA

Auto components India

Apollo Hospitals

Visa requirement

CII

Auto bharti

APTIV

Vaccination

SIAM

Auto car professional

Capgrid

Climate

 

Auto guide

CK Birla group

Electric supply

 

Bus coach

DR1V

Clothing

 

EV Story

Mungi

Emergency numbers

 

EV India

Neolite

 

 

EV update media

Rockman

 

 

E Vehicle info

SEC Automotive

 

 

Industrial products finder

Tenneco

 

 

KARREP

Vinni chemicals pvt ltd

 

 

99 Media group

Uno Minda

 

 

Motoring Trends

 

 

 

Mobility outlook

 

 

 

Motor 

 

 

 

Motor India

 

 

 

Scooter

 

 

 

Scooter Asia

 

 

 

Scooter times

 

 

 

Telematics wire

 

 

 

Truck Suvidha

 

 

 

Trade India

 

 

 

 Source: Secondary Data: Research based table

The objective of researcher here is to explain the marketing mix decisions followed in Indian automotive industry in the form of product, price, place and promotion. This will help the participants of Indian exhibition industry to categorize their activities in different factors of marketing. Also, this will help in academics and corporate world to understand the concepts in a more structured manner.

Methodology
The present study is subjective and qualitative in nature using questionnaire which was discussed with the industry experts in an open ended enviornment. Secondary data sources have also been used which makes it a hybrid research design . The main source of information is review and analysis of the published data which is collected from various sources such as magazines, newspapers, books, articles, dissertations, websites and research papers from different journals. The interview with industry expert as a method is used; to collect, interpret the related information and providing strategies for further growth. SCOPE AND RELEVANCE OF THE STUDY: Scope of the study The present study entitled “A Study of Marketing Strategies being followed in automobile industry – A case study of 16th Auto Expo 2023” is very important looking at the fast changing scenario of Indian automobile industry. The study has covered the marketing practices including product, price, place and promotion practices involved in auto expo 2023. Relevance of the study: As a researcher, it has been observed that very little work has been done to study the strategies being followed in auto expo 2023 with the objective in making recommendation to ACMA, CII and SIAM. A Study of Marketing Strategies being followed in automobile industry – A case study of 16th Auto Expo 2023 as a title has been comparatively less explored and requires further extension of work in terms of understanding the product, price, place and promotion practiced in auto expo 2023 in Indian automobile industry. This study would prove to be a helping hand for the exhibition organizers, associations, councils, co organizers, and service marketing managers to understand marketing strategies for building relationship with the participants of next edition of auto expo in Indian Automobile Industry.
Result and Discussion

Suggested Strategies For Organizers of Auto Expo Next Edition:

Based on the above mentioned objectives of marketing mix, this study suggests several practices for show organizers of auto expo in Automobile industry. Therefore, these suggestions need to be dealt properly to ensure the success of the show. These major suggestions as per the researcher to improve visitor’s footfall are mentioned, as below:

Product

Price

Place

Promotion

Brand

building

Package

pricing

Horizontal collaborations

Website improvement

Augmented

marketing

Promotional

pricing

Venue modification

App development

Product Design

Line stretching

End to end logistics

connectivity

Affiliate marketing

360 degree

hall layouts

Segment

based pricing

Ample parking

opportunities

Google forms

Improving

product mix

Early bird

offers

Revised Channel of

distribution

Viral marketing

CRM softwares

Space based

pricing

Excellent operational

decisions

Online registration

Source: Primary Data

Findings Based upon the analysis of the 16th edition of auto expo 2023 in New Delhi, a revised product mix, price mix, place mix and promotion mix has been designed for ACMA, CII and SIAM as organizers of the show, so that they can gain an added advantage for the forthcoming or next edition of auto expo in Indian Automobile Industry.
Conclusion Auto expo in automobile industry is the most desired show which is in demand and there are lots of visitors who are excited to visit this show for multiple reasons such as: a) display of new vehicles b) demonstration of new product launches c) international participation from different countries coming up multiple brands d) eco system or participation of different stakeholders involved in the automobile industry. Therefore, based upon the popularity of the show, the researcher selected to Study of Marketing Strategies being followed in automobile industry – A case study of 16th Auto Expo 2023 in New Delhi. Thus, the researcher has made an attempt to study apart from primary objective mentioned above along with several sub objectives such as: 1) To analyze the current status of 16th auto expo 2023 in Indian automobile industry 2) To analyze product, price, place and promotion related strategies followed in 16th Auto Expo 2023 in Indian automobile industry 3) To recommend necessary strategies to the ACMA, CII and SIAM as organizers of the show to improve its image for next edition of auto expo in Indian automobile industry.
Suggestions for the future Study There was a lot of scope to research on different topics in the same domain or topics from different industries to improve the success of exhibitions, which includes:
1. Study of marketing mix being followed in India international jewellery show –A case of IIJS in Mumbai
2. Study of service mix being followed in auto expo 2023 in automobile industry
3. Study of service mix being followed in India international jewellery show
4. Study of perception of exhibitors towards auto expo 2023
5. Study of perception of visitors towards auto expo 2023
6. Study of digital marketing strategies being followed in auto expo 2023
Limitation of the Study The limitations were mostly related data collection methodologies as researcher has majorly used secondary resources instead of taking primary resources. There was only one exhibition taken into consideration instead of selecting multiple exhibitions.
References
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