Toyota Kirloskar Motor has been ranked the highest in the J D Power Asia Pacific 2014 India Dealer Satisfaction with Automotive Manufacturers Index (DSWAMI) Study released today.
29 May 2014 | 5530 Views | By Autocar Pro News Desk
Toyota Kirloskar Motor has been ranked the highest in the J D Power Asia Pacific 2014 India Dealer Satisfaction with Automotive Manufacturers Index (DSWAMI) Study released today. Topping all other OEMs with a score of 925 on a 1,000-point scale, it is followed by Maruti Suzuki with a score of ...
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Toyota Kirloskar Motor has been ranked the highest in the J D Power Asia Pacific 2014 India Dealer Satisfaction with Automotive Manufacturers Index (DSWAMI) Study released today. Topping all other OEMs with a score of 925 on a 1,000-point scale, it is followed by Maruti Suzuki with a score of 884 and Honda Cars India at 869. Overall dealer satisfaction with carmakers averages 827 points in 2014, up from 817 points in 2013.
Now its fourth year, the study measures dealer satisfaction with vehicle manufacturers or importers in India and identifies dealer attitudes regarding the automotive retail business. Overall dealer satisfaction is determined by examining nine factors: marketing and sales activities; product; vehicle ordering and delivery; sales team; parts; warranty claims; aftersales team; training; and support from the manufacturer.
The findings of the study reveal that auto manufacturers in India are striving to help their dealers cope with a slowing domestic market by helping them improve the aftersales aspect of their business.
Despite an overall improvement in satisfaction, only 42 percent of dealers estimate they will be profitable in FY2013-2014. The situation is more critical for dealerships based in India’s six largest cities, with only 31 percent expecting to make a profit this year. Dealers rely on sales-related proceeds from new-car sales, accessories, insurance and credit/ loans commissions for about half of their revenues. Given that the overall vehicle sales are down 6 percent from 2013, a larger number of dealerships have reported estimated losses in 2014.
“Given the relatively weak outlook on vehicle sales, dealerships are concerned about the viability of their business,” said Mohit Arora, executive director of J D Power Asia Pacific. “Increasing the share of service revenue is one of the ways in which dealers can survive in these tough times. Retaining customers beyond the standard warranty period has always been a challenge for dealerships in India. With sales revenues under pressure, focusing on their service business is essential not only for enhancing dealer viability, but also ensuring survival,” added Arora.
Key findings of the study are: