As the automotive market of India growing day by day, a lot of awareness had also started penetrating into the segments, which earlier weren’t found. Like as said, the vehicle owners in India have became quite peculiar about their tires too during the recent times. The J.D. Power Asia Pacific 2014 India Original Equipment Tire Customer Satisfaction Index (TCSI) Study have concluded MRF as the best tire brand which the customers prefers to repurchase the same brand of tires that were factory-installed on the vehicle when it was new.
Customer retention for original equipment (OE) tire brands has increased steadily during the past three years to 65 percent in 2014 from 57 percent in 2012.
“Brand familiarity and perceptions of safety are key drivers of tire purchases,” said Mohit Arora, executive director, J.D.Power Asia Pacific. “The majority of vehicle owners tend to refit the same brand of tires as their OE fitment because of familiarity and perceptions of safety, assuming that the vehicle manufacturer would have tested the tires on critical quality and safety parameters before fitment.”
Satisfaction with original tire brands can be directly linked with the carmakers jointly developing cars in collaboration with the tire makers for the right amount of performance and driving feel, which further leads to customer loyalty and advocacy. Customers who are highly satisfied (916 points and higher on a 1,000-point scale) are more than twice as likely to recommend or repurchase their current brand as highly dissatisfied customers (782 and below).
The study has now entered in its 14th year of research, and it measures satisfaction among original equipment tire owners for the first 12 to 24 months of ownership across four factors (listed in order of importance): appearance, durability, traction/handling and ride.
- Overall satisfaction averages 844 in 2014, a 10-point improvementfrom 2013. Satisfaction improves in all four factors year over year, most notably in tire appearance (+11 points).
- While the percentage of owners who experience a tire-related problem declines to 10 percent in 2014 from 12 percent in 2013, overall satisfaction drops by 77 points when a problem is experienced, compared with a 58-point decline in 2013.
- Road hazard/puncture is the most commonly experiencedproblem. Surprisingly, 35 percent of owners who experience a tire problem do not take it in for repair.
MRF ranks highest in overall customer satisfaction for a fifth consecutive year, with a score of 850 points. MRF performs particularly well in the appearance, durability and ride factors. Bridgestone ranks second with a score of 848.
The 2014 India Original Equipment Tire Customer Satisfaction Index Study is based on 4,449 responses from new-vehicle owners who purchased their vehicle between May 2011 and August 2012. The study was fielded between May and August 2013.