Yamaha targets more growth

Japanese two-wheeler major Yamaha today said it aims to enhance India’s share in its global salesto 10 per cent within the next 3-4 years, after slowing demand worldwide caused the company to post a net loss of 216.15 billion yen (about ` 11,678 crore) in 2009.

Yamaha sold about 58.5 lakh unit globally last year, but is a marginal player in the 94 lakh units Indian two wheeler market. It sold just 2.2 lakh units in India in 2009. But now aims to sell 10 lakh units in the next 3-4 years.

To achieve this objective, it plans to invest more meney on launching new models and expending its sales network. As part of the move, the firm’s wholly-owned subsidiary, India Yamaha Motor, Today launched Three commuter segment bikes, with a price tag of ` 47,000- `52,000 (Ex-showroom, Delhi).