Benchmarking

BENCHMARKING:

Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. Dimensions typically measured are quality, time and cost.
Also referred to as "best practice benchmarking" or "process benchmarking", this process is used in management in which organizations evaluate various aspects of their processes in relation to best-practice companies' processes, usually within a peer group defined for the purposes of comparison. This then allows organizations to develop plans on how to make improvements or adapt specific best practices, usually with the aim of increasing some aspect of performance. Benchmarking may be a one-off event, but is often treated as a continuous process in which organizations continually seek to improve their practices.

Types of benchmarking:

• Process benchmarking
• Financial benchmarking
• Benchmarking in public sector
• Performance benchmarking
• Product benchmarking
• Strategic benchmarking

Hyundai Venue :

Key features:
• 3-cylinder 998cc engine
• Max. power of 118.35Bhp
• Max. torque of 171.6Nm
• It has an average mileage of 15Kmpl.
• It comes with a price range of Rs.7 lakhs to 12 Lakhs.

Pros:
• Attractive pricing
• Spot-on ergonomics and design.
• Peppy and smooth engine
• Premium interiors offer excellent comfort

Cons:
• The car is smaller when compared to its competitors.
• Stiff ride quality
• Not a spacious 5-seater.

Kia Sonet :

Key Features:

• 4 cylinder 1.5L diesel engine
• Max. power of 113.42 Bhp
• Max. torque of 250Nm
• Comes with 6 airbags, ESC, HAC, central locking, front and rear windows, fog lamps and parking assist.
• 20.6” TFT display, AI voice assistant and Bose surround system.
• Has various options to choose from with a price range of Rs. 7 to 13 Lakhs.
• It has an average mileage of 17Kmpl.

Pros:

• Diversified powertrain
• Looks powerful
• Premium interiors
• Ventilated seats

Cons:

• Rear seat legroom is inadequate
• Top variants are pricey when compared to its competitors.

Tata Nexon :

Key features :

• 4-cylinder 1.5L turbo-charged engine
• Max. power of 108.5Bhp
• Max. torque of 260Nm
• It has an average mileage of 14Kmpl.
• It has price range of Rs.7 Lakhs to 13 Lakhs.

Pros :

• Built quality is impressive.
• Ride quality
• Ground clearance

Cons :

• Rear seats are narrow and small
• Fit and finish could have been better.

Conclusion

I would suggest KIA Sonet because of the wide range of powertrains, better ride quality and engine refinement and also best car in this price segment, value for money, features are great, mileage is good.