MARKETING PROGRAM MRF
MARKETING PROGRAM MRF
Price:
MRF faces heavy competition in the tyres segment and thus, it follows a competitive pricing
strategy in its marketing mix. Business of MRF is done on the promise of high quality and its
perfection in the field of tyres. Prices are affordable to the end customer with high margin.
MRF sports gear has an appeal in the premium segment and thus, has higher prices to its sports
gear as it is endorsing by the sportsmen.
Place:
MRF has seven plants located in south India. It has around 2500 stores and exports to over 65
countries. MRF distributes to factories, agents, regional centres, dealers, etc. The tyres are
mostly sold to dealers and agents. Direct sales to customers are less relevant as tyres are a part
of an automobile. So, mostly the automobile company, store, service centre deals in obtaining
these tyres. MRF sports gear is available in many sports store. MRF does not have any MRF
specific stores, given the brand equity and heavy advertisements; it is easy to sell through
dealership.
Promotion:
MRF has always focused on an extreme and aggressive promotional strategy. MRF tyres have
targeted sports to promote its brand and it has been very successful in doing so. It sponsored
cricket bats for many legendary players like Sachin Tendulkar, Steve Waugh and Brian Lara.
And today, MRF campaigns are done by leading cricketers like Virat Kohli, AB de Villers and
Shikar Dhawan.
Other than celebrity involvement in its campaigns, the anchored balloons in IPL 2010 and also
in World Cup were sponsored by MRF. A training centre for pacers is launched by the MRF
Pace Foundation. Many bowlers that were trained in MRF Pace Foundation went on to
represent the country at a national level.
Some of them are Irfan Pathan, Zaheer Khan, Munaf Patel, etc. The MRF Motor Challenge is
a racing competition specially created for branding and covers all media channels like TV,
print, online, billboards etc. for its advertising and marketing.
MRFCampaigns
MRF has a unique style to campaign its product. Few of them are: –