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rational mind says that it doesnt matter which part of our blue
planet your car comes from. It doesnt matter whos designed
it, where its been built or by whom. The only thing that matters
is the overall quality, reliability and performance and how well it
accomplishes the task it was designed for. Unfortunately, rational
minds are as scarce as snow blizzards in the Sahara. In the real world
where we live, preconceived notions and prejudices rule. Customers
are strongly opinionated with every car labeled, categorised, and
branded in our minds. Manufacturers, countries, even regions garner
a reputation that they sometimes find difficult to get rid of. Whichever
way you look at it, in the world of luxury cars, brand is super important,
snob value paramount. And in India, Honda drips brand equity in buckets,
which is why when it launched the Accord it did so from a position
of strength. To compete with the Honda brand in India is a tough job
even for global names. Ask Mitsubishi (Lancer), Opel (Astra) or Suzuki
(Baleno)
So when Hyundai launched the Sonata to pit it directly against the
Accord, what chance would it have against its Japanese rival? After
all, in most markets around the world, Hyundai is not a brand that
consumers want to flaunt. But in India, thanks to a range of highly
succesful products and clever brand management the Hyundai name is
more respected here than anywhere else in the world outside Korea.
The difference in brand equity between Honda and Hyundai in India
may be smaller in India but is it small enough for the Korean car
maker to make the same statement as the Accord? Is the Sonata good
enough to see off what is arguably the best known and most sought
after luxury car in the market? These are questions car buyers with
more than a million bucks in their pocket want the answers to.
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