Undeterred by the dip in the automobile market, two-wheeler manufacturers India Yamaha and Bajaj Auto aim to post decent sales this financial year, following their strong performance in November. Bajaj Auto plans to post sales of four million units this fiscal.
At the sametime, Japanese two-wheeler manufacturer India Yamaha aims to sell 480,000 units this year and the company sources revealed that their plan is to gain a 10% market share in the coming years. In November, India Yamaha reported a 29.20% increase in total sales to 39,162 units. The company had sold 30,310 units in the same month last year.
For Yamaha, there was good news in the exporting market too. The company had a big increase in its exports. A whopping 44.53% jump in sales to 10,984 units during the month from 7,600 units a year ago. This clearly shows the notable success of Yamaha.
Asked about the sluggish automobile market conditions, Nakata(India Yamaha Motor Director (Sales and Marketing)) said the company has not been greatly affected. "We have none or very less impact so far. We expect growth be around 15% in the industry," he said.
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