Calcutta, Jan. 18: Yamaha Motor India, a 100 per cent subsidiary of the second-largest motorcycle maker in the world, plans to gain the number two slot in India within the next three to four years. Yamaha now ranks fourth in India with an annual production of over 3,00,000 motorcycles.
Marketing director H. Sakurai said the company has invested about Rs 500 crore to make one lakh new vehicles every year for the next five years.
In 2002, Yamaha produced 3.3 lakh motorcycles against 2.2 lakh in 2001. The company aims to make 4.3 lakh to 4.5 lakh motorcycles in the current yea.
Sakurai was in the city to launch Yamaha India’s latest 106 cc model Libero. The ‘kingsize’ vehicle, priced at Rs 43,262 ex-showroom in Calcutta, has higher ground clearance of 173 mm, longer wheel base of 1290 mm and extra large fuel tank capacity of 13 litres.
After Yamaha Motor Company of Japan took control of the Indian outfit, the company has set a new vision to upgrade the dealer network.