India Yamaha Motor Dec sales up 29%

Two-wheeler maker India Yamaha Motor today reported a 29.10% rise in its total sales in December at 44,976 units.

The company had sold 34,839 units in the same month the previous year, India Yamaha Motor said in a statement.

In the domestic market, the company's sales stood at 33,290 units as against 26,567 units in the same month in 2010, up 25.33%.

Exports of India Yamaha rose by 41.27% to 11,686 units from 8,272 units in the year-ago period, it added.

For the entire 2011, the company's sales increased by 31.56% to 4,60,815 units from 3,50,274 units in 2010.

"The year 2011 has indeed been an exceptional year for us as we were able to maintain consistency in our overall growth and the results speak for themselves," India Yamaha Motor CEO and Managing Director Hiroyuki Suzuki said.

The company is buoyant about the future and is looking forward to replicate and further improve upon its achievement in 2012 as well, he added.

As part of expansion plans, the company plans to expand production capacity to one million units in 2012. Besides, it also plans to invest in product development and network expansion, the statement added.

India Yamaha currently has two manufacturing units at Surajpur in Uttar Pradesh and Faridabad in Haryana and produces motorcycles both for domestic and export markets. It has over 400 dealers across Indi