Product Launch Sample
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Product LaunchGroup - C
The Auto AppBy: Athif Ismayil,Faisal KhanNizamuddin Sana Ahmed, Urooj Fathima1st Sem-MBA HKBK-CE.
Company Profile:This is a start-up company, as there is no firm that possesses such an idea, which is about to be implemented.The founder of our company is Ms. Sana Ahmed, and the CEO is Mr. Nizamuddin. We are expecting investors for the expansion of the application across the nation. We are also getting investment offers from various firms like Abc Ltd, Def Ltd, etc. Abc Ltd is about to own 23% stake of our company, Net value of the company is about to be 34.9 Crore.
Company Profile:The company is about to launch the application as soon as we get approval from the google playstore and the apple i-store. We are expecting more than 25,000 downloads per day, as per the statistics. The application will provide more security to the Indian women and children, which will track the auto movements respectively. And the rates will be shown in the application itself, so as to avoid frauds by the drivers.We are setting up the company in Manyata Tech Park, Hebbal-Bangalore, after govt. approval. If further expansion is required we may move to Ecospace, Bellandur- Bangalore.
Mission & Vision:
Vision: A responsibility to change the way people commute and to assist people on the move by providing them vital information they need.Mission:Our mission is to make auto rides hassle free convenient and reliable and most importantly punctual! And we take this responsibility very seriously.
Product description: IntroductionAuto rickshaws were introduced in India in the 1950s. Seven decades later, urban citizens might love them or hate them but can surely not ignore them. Heres how the numbers look like in the top cities over 1.2 lakh auto rickshaws in Mumbaiand Bangalore over 80,000.The market sizeof auto-rickshaws in Indian cities (Tier I cities Bangalore, Delhi, Mumbai, Kolkata, Chennai and Hyderabad) is morethan 50,000(population greater than4 million). Based on population statistics, it is estimated that Tier I and II cities have 4to 16 auto-rickshaws serving every 1,000 people onaverage.This shows how it becomes very necessary for every citizen of India to use the auto rickshaw.
Product description: IntroductionCommuters everywhere complain about greedy auto drivers.The complaints against auto drivers are so familiar to most of us. The two consistent complaints are that they overcharge and they misbehave with women passengers. Their meters are often broken, tampered with or simply never turned on, forcing the passenger into bad-tempered haggling on the road. If a mutually acceptable price proves elusive, the driver just speeds off.
Funny facts about Autos:
Product Description:Through The Auto App commuters will now be able to see the location of the autos nearest to them and call the auto drivers directly on their personal mobile numbers, and book their trip. Commuters can now be free from looking out and shouting for autos on the streets and instead have the autos provide a pick-up and drop service.Apart from this, the application will also provide information on the estimated fare, trip distance, travel time as well as the traffic condition on the route. Getting autos will now no longer be a worry with the new Auto App.
Product Description:The application will give the following information: Location of the Auto: Users can view the location of the autos nearest to them as well as the distance of the auto from the users location. Estimated Fare: Users can get the estimated fare of their trip by feeding in their origin and destination points. Estimated travel distance: Users can also find out the estimated travel distance by feeding in their origin and destination points. Estimated travel time: The app will also give the estimated time of travel on feeding in the origin and destination points.
Track the auto: Users can track the auto and check if it is coming towards them or not once the booking is confirmed. Send user location: Through the app the users can also send their location details to a family member or friend if they are unable to explain where exactly they are. Alternative routes: Using google maps users can also see alternative routes and the distance from origin to destination.
Product uniqueness:The Auto App comes completely free of cost on google play store and on apple istore.The user need not pay any extra money for booking an auto through THE AUTO APP.The user can send his/her location to anyone at anytime if he/she is suspicious of the auto driver.The location along with the driver details is sent to the family member or friend instantly so the driver cannot misbehave with the customer nor can he take them to any mysterious locations.This app is mainly meant for women and children security.
Market Segmentation:Identifying and profiling distinct groups of users who differ in their needs and preferences. Here we are going to segment geographically as well as demographically. Geographical Segmentation:We are about to segment various urban areas where there are colleges and schools located, so that we can put up advertisements to promote the installation of our application, and then the uses of it. We can also target areas were it rains so that people who use autos can keep our app.
Market segmentation: Demographic Segmentation:We are about to segment various age groups in women and children,Women of the age 15-60years and Children of the age 0-15 have to be protected (which is our main aim).Most of the middle class people travel in autos, which also can be targeted after segmenting.
Marketing Mix:Product: Through this app, commuters will now be able to see the location of the autos nearest to them and call the auto drivers directly on their personal mobile nos. and book their trip. Commuters can now be free from looking out and shouting for autos on the streets and instead have the autos provide a pick-up and drop service. Apart from this, the application will also provide information on the estimated fare, trip distance, travel time as well as the traffic condition on the route. Getting autos will now no longer be a worry with the new THE AUTO APP.
Price: The app is free of cost for all, we are expecting funds through investments and govt. funding too. We have used the investors funds in making the app.Promotion: Since we are focusing on the urban areas where schools and colleges are located, we can put up advertisements to promote the installation of our application, and then the uses of it. We can also target areas were it rains so that people who use autos can keep our app. We can also do promotion through Digital Marketing, it will be more effective nowadays.Place: We are about to segment various urban areas where there are colleges and schools located.
SWOT Analysis: StrenghtsCan easily identify locations.The auto driver cannot cheat the customer.You can reach early with the shortest route.You can avoid busy traffic roads.Catching the culprit is easier. (in case someone would misbehave then information about him can be stored or sent directly to the police also).Can give feedback of the service and suggestions for improvements of this app through various platforms such as facebook, sms, etc.
WeaknessNot all of the auto rickshaw drivers have a smart phone so this app cannot be applied to all the autos.This application is limited to only bangalore areas.Network facility may not be available in all areas.Not all the citizens have a smart phone.People would just catch nearby autos instead of searching for autos in the app.
Opportunities:Expanding into different states.Booking in advance.Feedback on traffic from other users.Congestion Near by can show traffic conditions around searched location.Traffic conditions can be colour categorized. So that each colour indicates different densities of traffic.
There can be more competition in the future.The auto driver may snatch the phone or break it to avoid his location being sent.