Yamaha eyes 10 pc market share in Indian 2-wheeler segment in 5 yrs
With an eye on garnering 10 per cent of two-wheeler market in India in the next five years, Japan's Yamaha has started studying plans to add additional capacities here, according to a top company official.
Yamaha, which currently has an annual production capacity of 1.7 million units, is looking at 2.5 million units by around 2023.
"Our aim is to have a total of 10 per cent market share across the two-wheelers segment in India in the next five years, up from the current 4 per cent," Yamaha Motor India group of companies Chairman Motofumi Shitara told PTI in an interview.
In the premium sports motorcycle segment, the company already has 10 per cent market share in India, he added.
In the April-February period of the ongoing fiscal, the company sold 7,32,006 units in the domestic market, up 0.7 per cent from the year-ago period.
The Indian two-wheeler market stood at 1,97,40,727 units during the period.
When asked about the company's future production plans, Shitara said Yamaha would ...