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Summer Training Report - Indian Oil Corporation Limited

by Aneesh Bhandari

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Ankeeta Deb, Intern at Paprika Media Could you pls send this ppt to me. This is a very comprehensive and extensive report.thanks :) email id : ankeetadeb9@gmail.com 1 week ago Reply

iopu pls send this project to me as it will be helpful in making my summer project sharma.neha.neha727@gamil.com plsssssssss do send 2 weeks ago Reply

Virat Singh at Student plz mail this report singhvirat92@gmail.com 1 month ago Reply

Sunny Minocha Hi Anysh, could you please mail this presentation at sunnysingh610@gmail.com. thankyou. 2 months ago Reply

Ankit Saxena, Intern at Aaj Tak (TV Today Network) my mail id is

ankitsaxena3311@gmail.com 8 months ago Reply

Ankit Saxena, Intern at Aaj Tak (TV Today Network) hey mate it would be a great
help if u email me this project .thanks 8 months ago Reply

rohitdhawan007 please sir can u plz send me this presentation..i relli need it for my project...please send as soon as possible..please sir... my email id is dhawanroh@gmail.com 9 months ago
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tranhuutai Exellent 10 months ago Reply

Diganta Ojah, System administrator at ADcom sir, i m counducting a SIP in IOCL guwahati, for that purpose i need this report as a guidance how to conduct the project,, I would b thankful to you if u can share this report with me, my email id is digu.1dec@gmail.com.. 1 year ago Reply

Sugandha Sharma, Intern at Tata Teleservices Ltd IF U CAN SEND IT THEN PLEASE SEND IT TO ME AS IT WOULD BE HELPFUL TO ME TO A GREAT EXTENT TO ME IN MY PROJECT WORK sugandha_ashsaroj@yahoo.com 1 year ago Reply

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Kishore Gogoi 1 month ago Kool Guy 5 months ago Zeenat Khan 10 months ago Ankit Verma, Finance at Management trainee at (Panipat Refinery) 11 months ago Abhinav Singh Parmar, Trainee at Indian Oil Corporation 1 year ago plaguerevised 1 year ago ravi2711 1 year ago Hardik Kinhikar at Self Employed (Business) 1 year ago sneha_sn Tags iocl 1 year ago

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Summer Training Report - Indian Oil Corporation Limited Document Transcript

1. Widescreen Test Pattern (16:9)ASPECT RATIO TESTShould appear circular4x316x91 2. Post Training PresentationAcademic Session 2009-10Aneesh BhandariP.G.D.M. (FT)Major: MarketingRoll: 10/2008Corporation LimitedIndian Oil 3. SpecificationsProfile:- Intern TraineeDivision:- Retail Sales, World Trade Centre, New Delhi 110001Mentor:- Mr. Alok Srivastava (Manager, DDO Retail Sales)Period:- 1st April 2009 to 3rd June 2009Project1:- "To study the value-added fuel brands of IOCL for strategy, budgeting, communications, and positioning "Project2:"To design a sales promotion campaign for XtraPremium Petrol and XtraMile Diesel for implementation in Delhi NCR3Aneesh Bhandari; LBSIM Delhi 4. Introduction to the OrganizationPublic-Sector Petroleum Company (Traded on BSE & NSE)Founded in 1964Employee Strength ~ 36,200 (approx.)Key Business Area: Petroleum products: Petrol, Diesel, Kerosene, LPG, PetrochemicalsOwns 10 of the 19 refineries in IndiaRanks 116 on the Fortune 500 list (highest for any Indian company)4Aneesh Bhandari; LBSIM Delhi 5. Introduction: StatisticsTotal Assets: US$ 26.20 billionTotal Equity: US$ 10.87 billion Revenue: US$ 61.7 billionNet Income: US$ 1.96 billionGrowth: 12.9% on 2006-07 (Net Income)47% share in the petroleum products market40% share in refining capacityCapacity of 60.2 million metric tons per year; 17606 Fuelling Stations* All figures for the financial year 2007-085Aneesh Bhandari; LBSIM Delhi 6. To study the value-added fuel brands of IOCL for strategy, budgeting, communications, and positioningPROJECT 16Aneesh Bhandari; LBSIM Delhi 7. ObjectivesTo do a detailed study of the value-added fuel brands of Indian Oil Corporation Limited.Parameters of study:StrategyBudgetingCommunicationsPositioningBrands under study:-XtraPremium PetrolXtraMile Diesel7Aneesh Bhandari; LBSIM Delhi 8. Brands at IOCLENERGYXtra MileXtra PremiumServoAuto GasIndaneIndian Oil AviationLNG at DoorstepRETAILXtra CareKisan Seva KendrasSwagatServo ExpressCUSTOMER LOYALTY PROGRAMXtra RewardsXtra Power8Aneesh Bhandari; LBSIM Delhi 9. Value-added fuel brandsXtra Premium PetrolIndian Oils XTRAPREMIUM Petrol is Indias leading branded petrol boosted with new generation multifunctional additives known as friction busters that prevents combustion chamber deposits. XTRAPREMIUM is custom designed to deliver higher mileage, more power, and better pick up, faster acceleration, enhanced engine cleanliness and lower emissions. XTRAPREMIUM is a sought after fuel among discerning customers who own new generation, highperformance cars who have endorsed its unmatched performance.Xtra Mile DieselIndian

Oils XTRAMILE Super Diesel, the leader in the branded diesel segment is blended with world-class Multi Functional Fuel Additives (MFA). Commercial vehicle owners choose XTRAMILE because they see a clear value benefit in terms of superior mileage, lower maintenance costs and improved engine protection.A growing section of customers who own diesel automobiles, both in the lifestyle and passenger category, prefer XTRAMILE as a fuel for its added and enhanced performance.9Aneesh Bhandari; LBSIM Delhi 10. ConceptXtra Premium is a 91 octane premium and is a high end product which comes with friction busters along with other additives.The additive package contains proprietary components including a detergent dispersant, a friction modifier and a corrosion inhibitor, as a perfectly optimized formulation in synthetic carrier oil.The detergent dispersant cleans the fuel system and the friction modifier drastically reduces friction in the non-lubricated engine area contributing to fuel economy.Xtra Mile is the premium fuel in diesel category. It prevents engine from knocking, improves performance of the engine and adds extra life to it. It improves acceleration and cuts down on maintenance costs.10Aneesh Bhandari; LBSIM Delhi 11. MethodologySTRATEGYB2B interviews conducted with people who were a part of the initial branding team for XtraPremium Petrol and XtraMile Diesel.Secondary data sources majorly the internet for articles, journals and case studies on the related subject. BUDGETING B2B interviews with industry experts and people in Indian Oil.Secondary data from the internet on spending behavior and data supplied by the company.COMMUNICATIONS By studying the advertisements that have appeared in the newspapers, on the television and other sources with respect to the nature, timing, objectives and success/ROI. POSITIONING Designing, conducting and analyzing a surveyfor branded fuels.Target Group: Any Indian Citizen who owns/drives their own vehicle and is in the age bracket 18 years and above.Methods: Online and face to face interviews. Assigning equal weightage to responses from either source.Sample Size: Minimum 100, no cap on maximum ~depending on available time.11Aneesh Bhandari; LBSIM Delhi 12. StrategyLaunchCompetitorsConstraintsIOCLBrandingCompetitorsConstraintsNaming/D esigning of Brand MarkValue AssociationValue CommunicationBrand EvolutionCompetitorsIOCLBrand IOCL12Aneesh Bhandari; LBSIM Delhi 13. Budgeting & PricingAt the time of launch of XtraPremium and XtraMile, IOCL spent between 50mn to 70mn INRIn the year 2008, IOCL spent 4bn INR on promotions; combined spending of IOCL, BPCL & HPCL was around 8bn INRIndian Government raised questions on the magnitude of spendingMost of the expenditure was for brand IOCL and Servo lubesNo spending for Branded Fuels (by IOCL) for Print & ElectronicMajorly BTL Activities (by IOCL); BPCL promoted Speed through PrintIOCL spends around 20mn INR for educating people on conservation related issues as a CSR activity13Aneesh Bhandari; LBSIM Delhi 14. Budgeting & PricingPRICINGInitial Pricing StrategyEvolution of Pricing for Branded FuelsFluctuations in 2008Recent14Aneesh Bhandari; LBSIM Delhi 15. CommunicationsMotiveBrand AmbassadorsIOCLCompetitorsThe Sports associationMajor Event SponsorshipsIndian Oil Asia Cup 2004Indian Oil Cup Tri Series

in Sri Lanka 2005ICC Champions Trophy 2006ICC World Cup 2007Indian Oil Cup India Pakistan Test Series 200715Aneesh Bhandari; LBSIM Delhi 16. CommunicationsPROMOTIONS XTRAPREMIUM AND XTRAMILE: Electronic/Print/Outdoor16Aneesh Bhandari; LBSIM Delhi 17. Communications17PROMOTIONS XTRAPREMIUM AND XTRAMILE: Sales PromotionAish in Malaysia Offer (2004)Indian Oil Aao Roz Ek Truck Pao (2004)Educational Campaign (2005)Extra Pickup Contest (2005)Car in a Tank Offer (2007)Car in a Tank Offer (2008)Aneesh Bhandari; LBSIM Delhi 18. Communications: Other Brands18Aneesh Bhandari; LBSIM Delhi 19. Communications: Mother Brand19Aneesh Bhandari; LBSIM Delhi 20. PositioningA survey was conducted with a total of 115 responses (breakup: 49 responses from the internet and 66 responses from face to face interviews).The respondents were from SEC A and SEC B. Some of the responses were received from students (and were not classified under the usual SEC grades)Using Pearson coefficient, an error of approximately 9% was calculated.FINDINGS:-20Aneesh Bhandari; LBSIM Delhi 21. Positioning: Preference21Aneesh Bhandari; LBSIM Delhi Neutral4 Disagree3 Strongly Disagree2 22. Positioning: Perception221 Strongly AgreeAneesh Bhandari; LBSIM DelhiAgree5 23. Positioning: Advertisements23Aneesh Bhandari; LBSIM Delhi 24. Positioning: Reasons & Value24Aneesh Bhandari; LBSIM Delhi 25. Positioning: RecallThe highest recall was for Speed petrol of BPCL. This can be attributed to the active promotions carried out by BPCL for speed in recent times when activity for other brands was dormant.25Aneesh Bhandari; LBSIM Delhi 26. Positioning: Correlations26There is a no relationship between the consumption pattern (in litres) and the usage of branded fuel. Pearson Value = -0.060355811. The value being very close to zero indicates there is a very slight negative relation. After doing the error corrections, we will not find any correlation.There is a slight positive correlation between the usage of branded fuels and the type of vehicle a person drives.There is no correlation between the Socio Economic Classification and the usage of branded fuel.But there is significant correlation between the educational qualification and usage of branded fuel, and occupation and usage of branded fuel when taken Therefore, we can say that usage of branded fuel is not correlatedseparately. with affluent class people or people who consume fuel in certain amounts. Usage of branded fuel is behavioral. It can slightly be attributed to the educated class but no significant relation was found. This implies branded fuels can only be behaviorally segmented.Aneesh Bhandari; LBSIM Delhi 27. Brand Scorecard27Section 1: Segmentation and opportunity sizing* Priority of each segment: Performance for their vehicle and getting value for their money* Segment definition: Strictly behavioral and nothing else.* Total segment size: Affluent and/or educated fuel buyers in India (SEC A and SEC B)* Total realistic sales opportunity within the segment: All fuel buyers in IndiaSection 2: Brand financial performance* Sales: 25% of total petrol sales and 16% of total diesel sales.* Net profit: NABrands: XtraPremium/XtraMile* Net profitability: ROI is as high as 33% (Considering 1.50 Rs. the cost of additives for an extra charge of 2.00 Rs.) Section 3: Customer retention* Number of customers: 25% of Petrol users and 16% of Diesel users* Average sales per

customer: NA* Average net profits per customer: NA Section 4: Underlying brand franchise* Brand stature: Good with doubt in a certain percentage of customers.* Brand intimacy: Poor* Brand awareness: ModerateMarket position/leverage: XtraPremium Petrol and XtraMile Diesel are market leaders in the highly competitive business segment, with a market share of about 47% and 59% respectively (2008) * Organizational intent to back the brand: Very good as its a golden eggSection 5: Communications operational effectiveness* Message effectiveness: Between effective and somewhat effective* Channel effectiveness: Very good with television and significantly good with printAneesh Bhandari; LBSIM Delhi 28. Limitations28A significant portion of the study is based on secondary information from third party sources.The figures provided in budgeting are rounded of and no information on the trend of expenditure could be obtained.The perception part has its usual limitations of people not responding correctly. In the given project study, a 9% error in the responses was accounted for using the dummy question.The data for brand building exercise pertaining to a period between 2002 and 2006 is not significantly available through reliable secondary data sources.Time constraints.Aneesh Bhandari; LBSIM Delhi 29. To design a sales promotion campaign for XtraPremium Petrol and XtraMile Diesel for implementation in Delhi NCRPROJECT 229Aneesh Bhandari; LBSIM Delhi 30. ObjectivesTo design a sales promotion campaign for boosting sales of XtraPremium Petrol and XtraMile Diesel in Delhi NCR.To study the market dynamics and campaigns run by Indian Oil and its competitors in the past.To study the customer behavior towards campaign and return on investment for previous campaigns.To design potential solutions under the given constraints and finalize on an idea which can be implemented in a feasible manner. The objectives of the sales promotion campaign designed should be as follows:-To boost the sales of XtraPremium Petrol and XtraMile Diesel.To provide for conversion of ordinary fuel users into branded fuel users at IOCL pumps.To provide for increased tyrefalls at IOCL pumps in order to increase IOCLs market share for fuels.To revamp the image of branded fuels and induce a behavior of regular usage amongst the customers.30Aneesh Bhandari; LBSIM Delhi 31. RequirementsDEVELOPMENT STAGEIn the development stage, we require secondary data of previously run campaigns. We also require fresh primary data regarding the consumer behavior.DRAFTING STAGEIn the drafting stage, we require inputs regarding costs and the various limitations of the host company.IMPELEMENTATION STAGEIn this stage, support is required in terms of logistics, management inventories, on-field activities, promotions, legal issues, proper run of the campaign.31Aneesh Bhandari; LBSIM Delhi 32. ConstraintsThe campaign should be designed to run for a period of atleast 45 days and a maximum of 60 days.There should be instant gift redemption for the customers who take part in the campaign.The campaign is limited to the 205 Indian Oil and IBP petrol pumps in Delhi NCR (National Capital Region).The campaign should be designed in a manner that IOCL has to incur minimum expenditure.It should be made sure that all available branding opportunity is utilized in the best possible way and should provide for non-fuel revenue for the company.No claims regarding the value added by branded fuels should be made during the campaign.32Aneesh Bhandari; LBSIM Delhi

33. MethodologyThe methodology involves understanding consumer behavior on Petrol pumps. For this the following methods are adopted:-Analysis of previous campaigns using secondary data and information from Project 1. Short SMS survey randomly asking people about what gift/rebate could act as a motivator for them to buy branded fuels.The options given were:- Free Car Wash, Free Car Shampoo, Fuel rebate, Passes to a concert, Discounts at retail outlets, Discount on clothing accessories. A field study of select Indian Oil Retail Outlets involving random interviews, observing the behavior of visitors (customers) using video recording and through a firsthand account. A mall semi structured questionnaire for people who had previously participated in campaigns for branded fuels. The questionnaire aims to find out the motivation behind the participation by these people.33Aneesh Bhandari; LBSIM Delhi 34. Key FindingsCar in a Tank Offer (2007 & 2009)SMS Survey Findings (Preference) :Fuel RebatesPasses to a Musical/ConcertDiscounts at Retail OutletsFree Car WashDiscount at Apparels StoresFindings from Field StudyGeneralCustomersSupervisorsIssues/Suggestions34Aneesh Bhandari; LBSIM Delhi 35. Potential DesignsSELF REGULATED CAMPAIGN: - A campaign with FUEL REBATE on next purchase of XtraPremium Petrol or XtraMile Diesel, and DISCOUNTS on products and services available on Indian Oil outlets. In such campaign, revenue earned for giving branding opportunities at IOCL pumps to alliance partners is used to neutralize the extra cost incurred due to fuel rebates being given away as incentiveMINIMAL INVOLVMENT: - A campaign giving NO FUEL REBATE but DISCOUNTS on services and products available at stores of alliance partners. In such a campaign alliance partners majorly associate in-kind and one major alliance provides for money that has to be used for providing logistics and promotional expenses. INSTANT GIFT REDEMPTION: - In this type of campaign an INSTANT GIFT like a soft drink can or a packet of chips is given away on select purchase of branded fuel. IOCL provides the alliance partner (that provides free gifts) with major promotional space. Some portion of the revenue earned by selling branding options at IOCL pumps is used for providing logistics and promotional expenses. DOUBLE EVENT CAMPAIGN: - In this two events are organized, one being the sales promotion campaign and the other being the END EVENT for which passes are given away as incentives. Two way revenue is generation is done from the END EVENT as well as by selling branding options. The revenue earned can be channelized to provide for organization of the END EVENT and the logistics and promotional expenses.FINAL DRAFT35Aneesh Bhandari; LBSIM Delhi 36. LimitationsThe actual costs of the various parameters like cost of event, logistics, flex hoardings etc. may vary. The figures mentioned in the cost sheet have been obtained from industry experts in event management.The actual manpower required for the campaign may not be determined perfectly before the campaign is in its implementation phase.The campaign may have to be restricted to a period of less than 60 days if the planned amounts of passes are already exhausted.Factors like meeting a sudden surge in demand for branded fuels have not been considered. The company officials claim that they can meet any possible demand but there is a lot of learning to be done from the SPC of Shell in the USA in the year 198436Aneesh Bhandari; LBSIM Delhi 37. Sales Promotions: Shell in USAMake Money (Operation Leo) In February, 1983Duration: 6 weeksUnplanned successIntegrated Network of PumpsSmart Card

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Technology and ShellTriple Rebate ProgramOctober 2005October 200637Aneesh Bhandari; LBSIM Delhi 38. ReferencesTEXTKotler, Philip and Armstrong, Gary Principles of Marketing Pearson, Prentice Hall, New Jersey, 2007 ISBN13 978-0-13-239002-6, ISBN10 0-13239002-7 Visha Consultants (nd) Market Research, Marketing Research. Tools and Techniques. Bradley, Nigel Marketing Research. Tools and Techniques. Oxford University Press, Oxford, 2007 ISBN-10: 0-19-928196-3 ISBN-13: 978-0-19-928196-1 INTERNETAithal, R & Samanth, A (April 5, 2009). Is branded fuel worth the price. Rajesh Aithal on BlogSpot as a member of IndiBlogger, Retrieved April 17, 2009 from http://rajeshaithal.blogspot.com/2009/04/is-branded-fuel-worth-price.htmlConvenience Store News (October 2, 2006). Shell Brings Back Triple Rebate Program. All Business, Retrieved April 19, 2009 from http://www.allbusiness.com/retail-trade/foodstores/4490115-1.htmlThakur, P & Dutta, S (April 5, 2009). Are branded fuels worth it. Economic Times. Retrieved April 20, 2009 from http://economictimes.indiatimes.com/Oil--Gas/Are-branded-fuels-worth-it/articleshow/4360938.cms38Aneesh Bhandari; LBSIM Delhi 39. References (contd.)IBA (unknown). International Business Awards 2008 Winner. International Business Awards. Retrieved April 20, 2009 from http://www.stevieawards.com/pubs/iba/awards/408_2598_19593.cfm Satchi & Satchi (January 8, 2007). Speed: High Performance Petrol. Marketing Practice. Retrieved April 23, 2009 from http://marketingpractice.blogspot.com/2007/01/speed-high-performancepetrol.htmlICMR (2003). The Indian Petroleum Industry: Towards Branded Fuels. ICMR Centre for Management Research, MKTG059. Retrieved on April 30, 2009 from http://www.icmrindia.org/casestudies/catalogue/Marketing/MKTG059.htm Mud Valley (unknown). Brand Scorecard. Mud Valley Brand Marketing Community. Retrieved on April 30, 2009 from http://www.mudvalley.co.uk/collateral/content/116.htmINTERNET SEARCHSearch keywords: Royal Dutch Shell, XtraPremium, XtraMile, Branded Fuels, Indian Oil, BPCL, HPCL, Sales Promotion Campaigns, Speed Petrol, Power Petrol, Branded Fuels in India, Turbojet, Josh Petrol, Shakti Diesel Car in a tank Offer, Aish in Malaysia Offer, Brand Scorecard, Excel for frequency, Indian Oil Advertisements, Speed Advertisements, XtraPremium Advertisements, XtraMile Advertisements, BPCL Advertisements, Pearson Coefficient ON the following websites:http://www.google.com; http://www.msnsearch.com; http://www.wikipedia.com; http://www.britannica.com; http://www.images.google.com; http://www.youtube.com 39Aneesh Bhandari; LBSIM Delhi 40. *****End of Presentation*****June 22, 2009Aneesh Bhandari, LBSIM New Delhi

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