'Brand image, performance key factors for women car buyers'

Image
Press Trust of India New Delhi
Last Updated : Aug 24 2017 | 11:57 AM IST
Product performance and brand image are the most important factors for women car buyers and not exterior paint colour, says a study conducted by Singapore-based PremonAsia.
According to the findings of 'The 2017 Women Automotive Buyer Study', which included responses of 3,945 women car owners across 28 cities in India, women owners ranked Honda, Volkswagen and Nissan as top brands.
Honda leads overall on product and cost of ownership, Volkswagen ranks highest on brand image while Nissan scores in terms of after-sales service.
The analysis focussed on the experience of 80 models in key areas of brand image, product performance, sales and delivery process, after-sales service and cost of ownership.
"Until now, there was no information available for understanding this target group (women buyers), which has been growing," PremonAsia Founder and CEO Rajeev Lochan told PTI.
"So, in order to understand the mindset of women buyers and also help manufacturers understand the growing segment of buyers, we commissioned the study," he added.
The findings showed that product performance and brand image are the leading factors for women buyers followed by other aspects like sales and delivery, cost of ownership and after-sales service, Lochan said.
Honda City, Volkswagen Polo and Nissan Micra emerge as the three leading models, according to the findings of the study, he said.
"The top ranked brands and their respective models deliver a consistent performance across all aspects of the ownership experience," Lochan added.
The women owners also prefer models with features like automatic transmission, ABS, auto door closing and navigation, among others, the study revealed.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 24 2017 | 11:57 AM IST

Next Story