India Yamaha Motor to revamp product portfolio

India Yamaha Motor (IYM) plans to revamp its product portfolio by 2013,said a senior company official.

"We would be introducing new bikes and also foray into the scooter segment, said IYM CEO and MD Yukimine Tsuji.We are aiming a 10% market share in domestic two-wheeler market,which we aim to achieve by an allnew combined portfolio of bikes and scooters in the coming years."The Indian subsidiary of the worlds second-largest twowheeler company has been looking for a turnaround after Japanese Mitsui & Co picked up a 30% stake for Rs 800 crore in 2008.Yamaha India has an installed capacity of 6-lakh units per year,and is looking at producing 3.8 lakh bikes this fiscal,with around 1.5 lakh targeted for exports.Yamaha is also customising scooters from its international portfolio for the Indian market."We are working on different segment of scooters for India,"Mr Tsuji said.