In our country when 27% of the population is below poverty line definitely Quantity rides over Quality. Here on the web we see more votes for "Quality" because we know what quality means and we can afford it.Today majority of the Indians want more quantity for less money, quality today means "Serve my purpose", at what cost can be calculated and compared later.
By
KUMAR SWAMY H C, Senior Manager - Mfg. Engg, PEARLITE LINERS PRIVATE LIMITED
| 05 26 2010 20:06:34 +0000
NICHE MARKET PRODUCTS FOR THE PREMIUM SEGMENT FOCUS MORE ON QUALITY.THIS SEGMENT BEING SMALL IN OUR COUNTRY MAJORSALES VOLUMES ARE DERIVED FROM MIDDLE INCOME AND THE LOWER SEGMENT OF UPPER INCOME GROUP.THIS SEGMENT GIVES A REASONABLE IMPORTANCE FOR QUALITY AND NATURALLY MORE PREFERENCE IS GIVEN TO THE QUANTITY.SO IT IS A MIX OF A SMALL PERCENTAGE OF QUALITY AND A MAJOR THRUST ON QUANTITY.
By
s.baalu , Consultant, XYZ LTD
| 04 02 2010 14:16:20 +0000
Nidhi what you said is correct, Indian people are more conscious on quantity. But nowadays they are understanding the importance of quality. So the companies also started concentrating on quality. But as of now it quantity. It will take some time to change.
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Jayant Vishnu, Art Director/Sr Art Director, Creative
| 02 04 2010 12:31:48 +0000
Reji I don't agree because still Indian consumer attitude is the same we want more for less. And according to recent ACNielsen Consumer Confidence and Opinions Survey also Indian consumers do not seem to be willing to spend much. The country does not figure in the top 10 spenders' list for any of the categories, what's the point of more purchasing power than. And most of the quality items comes with a high price tag.....
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Subhash Kumar Tripathi, Product/Brand Manager, Videocon Inds
| 10 17 2008 11:14:30 +0000
Yes i agree that indian consumers look for quantity as they are not as rich as the foreigners so they cant afford to spend more in the name of quality. But the trend for quality is starting up but even now i believe the indian consumer mentality is almost the same
By
Subhash Kumar Tripathi, Product/Brand Manager, Videocon Inds
| 10 16 2008 09:07:39 +0000
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HI 2 ALL, Simples No company is lookin for 1 time customer thats y customer retention service etc etc ... Though India has a majority of Mass segment of people whose priority was quantity Brands have recognized the potential of this hude mass segment and have adapted thier brands (i.e quality) to fit in to the budjet of this segment. When Awarness Incressed Automatically Value for Quality products Increased. Example: 1Rs Branded FMCG goods. Even Dove is available for 2rs i belive. NOW A DAYS ONLY QUALITY MATTERS ( only thing it has to be affordable) Thanks 4 ur time
By
Subramanyan Krishna, Sales Executive/Officer, DSG International
| 04 06 2010 23:18:27 +0000
earlier said "quantity" was right but with the rise in per capita income,standard of living,rising expectation of consumer with the entering of mnc in india quality is d buzz word in dis age of consumerism.people r no more lookin 4 maruti 800 dey r demanding in medium range polo to nissan,audi. u visit any shopping mall 2day u will easily find lods of foreign brand as well as indian brand though high price but ppl prefer to buy or invest in quality now. a gud old hindi sayin: mehnga roye ek baar sasta roye baar baar'
By
Ashish Bhartia, Relationship Manager, Acumen Business Consultancy Pvt.Ltd.
| 01 24 2010 15:55:50 +0000
Rich class and upper middle class are looking for quality. middle class is looking for quality and quantity. Middle class is looking for good quality within their budget. Poor people compronise on quality in view of their resources.
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malladi madhukumar, AGM -MKTG, Andhra Cements Ltd
| 01 09 2010 12:30:57 +0000
Quality is the first base for all buy decisions now followed closely by perception and presence of the brand/product in the peer community . cost may have some influence in rural market .Quantity does not play any part.
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B.G.Prasad , Q.A. And Manufacturing, Videocon
| 10 09 2009 07:41:18 +0000
no i belive gone d days wen quality was myth in india u can observe d sell of clothing brand such as levi,pepe etc. people r spending huge amount on gettin gud quality product people r using multimedia phone costly mobile phone instead of simple one due 2 feature dey r more open 2 information now dey do not want maruti n biggest example is launch of land rover and jaguar in india now people want to spend money on quality dats why lots of mnc companies r launching dere high end products in d indian market.
By
Ashish Bhartia, Relationship Manager, Acumen Business Consultancy Pvt.Ltd.
| 06 29 2009 20:06:00 +0000
I completely agree as of now the Indian consumers looks to have more and pay less..the quality consciousness is for selected few. What the indian consumers look for is value for money.In my product line that is tyres I still find the very educated and knowledgeable customers in the southern part of India who mostly compare pasr performance data and balance it with value for money are not quality conscious but attracted towards chinese products... sanjib chakraborty Zonal Head South Zone Birla Tyres
By
Sanjib Chakraborty, Branch Manager/Regional Manager, BIRLA TYRES
| 12 26 2008 05:37:16 +0000
Well ,Subash you can take a look at this.I believe this will change your thoughts. India's consumer spending is set to quadruple by 2025, overtaking Germany, as a youthful population earns more and saves less and millions climb out of poverty, according to a new study.
The country's consumer market was forecast to expand at an average annual rate of 7.3 percent to reach more than 1.5 trillion dollars, according to the report conducted by the McKinsey Global Institute and released this month. India's manufacturing activity in October expanded at its fastest pace in the 31-month history of the ABN AMRO Bank Purchasing Managers' Index survey.
That would propel India from 12th to fifth-largest consumer market, behind the United States, Japan, China and Britain, displacing Germany.
<snip>
Encouraged by rising incomes and rapid economic growth, Indians are shedding their traditional propensity to skimp and save and a well-known aversion to credit to splurge on everything from beauty products and fancy clothes to luxury homes.
By
REJI ISMAIL, SAP CERTIFIED MM CONSULTANTAssistant Professor, CHARTERED MEMBER OF CILT,AIMA ACREDITED FACULTY
| 10 17 2008 19:58:51 +0000
If we look at the population of India majority bof them is between the age of 25 to 35 years and the purchasing power of Indians are increased and they are now looking more towards quality rather than quantity.The best example is people who are not even educated are able to recognize Chinese products sold in India as low quality.This itself speaks for quality.Indian market is becoming more quality conscious.
By
REJI ISMAIL, SAP CERTIFIED MM CONSULTANTAssistant Professor, CHARTERED MEMBER OF CILT,AIMA ACREDITED FACULTY
| 10 17 2008 07:33:26 +0000
With limited choices before ,the indian consumers were not having much option but go for quantity.But in recent months things have changed and the indian consumer had adopted beautifully to change and is not longer bothered about the quantity,rather he is looking for quality
By
Omkar Deshpande, Product/Brand Manager, Mirc Electronics
| 10 16 2008 09:04:44 +0000
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