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Market Research

1-2 Journal: Research Problem Statement and Research Question Problem Statement Maruti Suzuki India Ltd. (MSIL), established in 1983, quickly become the leader in A- segment (hatch-segment) vehicles within the India car market. Due to competitors in the market, MSIL's market share began to decline from 2008 -- 2013. Competition was mostly within the premium-hatch category where increased use of high-end features eventually became standard in lower end segments. MSIL had earned a strong brand image for having durable and reliable products but had not fully embraced these high-end features across the A-segment. By 2014, previous research showed that a drop in A-segment sales was greater with the entry-level hatch compared to the premium hatch category (Mukherjee et al., 2015). Prior reports show great opportunities in the market to grow domestic products and increase income. Consumers of the A-segment were changing. The requirement for value was still great; however, the desire for more style, performance, and luxury features was also in demand. The same general desire for new vehicles with more features and reasonable prices was still prevalent across the automobile industry in India (Mukherjee et al., 2015). The research aims to determine how best to fulfill the consumer requirements for more features while maintaining a reasonable price point. Research Question What do consumers consider necessary features? Which category of A-segment products should be the focus to gaining more of the market? References 1-2 Journal: Research Problem Statement and Research Question Mukherjee, J., Mathur, G., & Dhar, N. (2015b). MARUTI SUZUKI INDIA: DEFENDING MARKET LEADERSHIP IN THE A-SEGMENT.Ivey Publishing,1-8 Mukherjee, J., Mathur, G., & Dhar, N. (2015, December 17). Maruti Suzuki India: Defending market leadership in the A-segment. Ivey ID: W15582. https://www.iveycases.com