Great growth potential

Competition is becoming increasingly expensive. People are buying cars for different purposes such as taxis, public transport, private cars etc.

It has the opportunity to create partners. It can decide to open several recharge stations throughout the city. It can also decide to use manufacture cars which are environmentally friendly so that they can attract customers who are now becoming environmentally conscious.

The company can decide to manufacture automobiles that suit people of different age brackets to avoid losing customers.

Change in consumer’s tastes and preferences, as people grow older.

Increase in fuel prices, the economic crisis can affect consumers ability to travel, competition

The company should invest in producing more technological cars by having a strong team of experts in in-car technology.

Technology keeps on changing day in day out. Competitors are producing more technologically related cars. Customers prefer to buy cars, which are more technologically advanced which suit their own personal needs. New technology is likely to supplement their automobiles.

The company should familiarize itself with all the rules and regulations of the country and region to avoid issues with the government.

The government requires companies to produce goods, which are environmentally friendly so as to reduce pollution. Any company that fails to follow these regulations can be taken to court or even closed down.

The company has the chance to offer its services uniquely compared to competitors. It can decide to charge lower prices to attract more customers to its services and apply a price discrimination strategy to gain customers from all social classes.