brand comparison of rolex and titan
TRANSCRIPT
BRAND COMPARISON OF ROLEX AND TITANBy :- Rakhi GhoshMsc in RMDA
ROLEX VS. TITAN
INTRODUCTION
• ROLEX is the market leader in international market.
• ROLEX is a private brand that deals in manufacturing, designing and distribution of wrist watches.
• It was founded in 1905.
• Founder was Alfred Davies and Hans Wilsdorf .
• Headquarter is in Geneva, Switzerland.
• TITAN is the market leader in the Indian watch industry.
• TITAN is also a private brand that design and manufacture and distribute wrist watches and other accessories.
• It was founded in 1984.
• Founder was Xerxes Desai.
• Headquarter is in Bangalore.
HISTORY
• It was the first watch company that received a chronometer certificate.
• First to have automatic date changers.
• First to have a winding rotor that was oscillating.
• First wristwatch that was waterproof.
• It was the first company who made quartz watches.
• First company who introduced designer watches in India market.
MARKETING MIXPRODUCT
• Rolex offers 9 varieties of watches for men’s collection and 6 models for women’s collection.
• The series of Rolex products are :-
CELLINI DAY-DATE DAYTONA etc.
• They just sell men and women watches.
• They just sell watches.
• TITAN offers many varieties of men’s and women’s watches.
• Their series of product are:- RAGA FASTRACK OMEGA etc.
• They sell men , women and children’s watches too.
• They sell watches , jewelries and accessories.
MARKETING MIXPRICE
• It is a luxury brand so the price range is 3 lakh-30000000 INR.
It is a not a luxury brand so the price range is 500 rs – 1 lakh INR.
Source :-Google
MARKETING MIXPLACE
• The company does not allow the sales at poor locations like small showrooms
• They does not allow the sales on the internet.
• The brand is available only at selected retail showrooms, thus avoiding the chances of counterfeit watches.
• The brand does not have a very large distribution network.
• 28 affiliates and 4000 watchmakers in nearly 100 countries.
• The company allow to sell titan watches on small shops.
• They allow the sale on the internet.
• Brand is available in retail shops , small watch shops etc.
• The brand have a very large distribution network.
• All over India there are more than 1000 shops of titan present.
MARKETING MIXPROMOTION
• Titan ties up with various magazines, television and outlets where Titan watches were given as gifts for winning a particular contest.
• It also interested in linking with well known celebrities.
• It introduced a contest on cartoon network.
• They don’t tie up with television or outlets but it promote their brand through magazine ads and online ads too .
• Rolex is always interesting in linking its watches to a particular high profile sport or event.
• It introduces their own magazine.
• Rolex sponsors various events like:-
"Rolex Sports Car Series” “The senior Open
Championship” “Women’s World Golf
Rankings”
MARKETING MIXPROMOTION
• Brand ambassador of titan male watches is AAMIR KHAN.
• Brand ambassador of women’s watches is KATRINA KAIF.
• Brand ambassador are :• Roger Federer, Michael
Schumacher, Daniel Craig, Cristiano Ronaldo, Arnold Palmer, Dame Kiri Te Kanawa And Jean Claude.
MARKET SEGMENTATION
DEMOGRAPHIC
PSYCHOGRAPHIC
GEOGRAPHIC
BEHAVIORAL
• AGE:- 18 – 40+ yrs.• SOCIAL CLASS:- high
income group
• AGE:- 5-70+yrs.• SOCIAL CLASS:- lower
middle to high income group
Urban area only Semi urban and urban area both
• young men who want to show off their newfound status.
• Person who want fashion in their watches.
Good for parties.Best for formal events.
• Good for parties.• Good for Indian
occasions.• Good for formal and
informal events both.
BRAND BUILDING
• No to “Second Life”.
• Own manufacturing labs.
• Sponsoring lots of formal events.
• Wide range of watches only.
• It is a luxury brand so it has expensive watches only.
• Continues change in technology.
• Sponsoring lots of events.
• Wide range are available not even of watches but also sales jewelry and accessories too.
• Variety of ranges are available.
• Continuous innovation with changing technology.
• Improvement in design with the year.
BRAND DIFFERENTIATION
• Luxury brand
• Unique design
• 19k gold
• Diamond fitted
• High quality material
• Wide range of variety for men women & children too.
• Watch with fashion.
• Indian design
• Not pure gold fitted.
• High quality of material is used.
THANK YOU