Toyota Prius: A Case in New Product Development
Working and usefulness of hybrid vehicles.
The case focuses on the world’s first mass produced hybrid passenger car – Prius – manufactured by the world’s second largest automaker Toyota Motors. The case explains the new hybrid technology used in the car. It also looks for the reasons for the success of the original Prius in the Japanese market and of the subsequent models of the Prius launched in the US and other markets. The strategies for marketing the product in the US are also analyzed.
Q1. History of hybrid vehicles.
Q2. Working and usefulness of hybrid vehicles.
Q3. The growing need for clean and green cars in the 21st century.
Q4. The system Toyota put in place for the manufacture of the original Prius.
Q5. The technology and other aspects and features of the original Prius and its subsequent versions.
Q6. Toyota’s marketing strategies in the US.
Q7. The role of buzz marketing in the marketing of new and innovative products like the Prius.
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