Yamaha turns to India

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Greater Noida: Japanese two-wheeler major Yamaha on August 4 said it aims to  enhance India’s share in its global sales to 10 percent within the next 3-4 years, after slowing demand worldwide caused the company to post a net loss of 216.15 billion yen (about Rs. 11,678 crore) in 2009.

Yamaha sold about 58.5 lakh units globally last year, but is a marginal player in the 94 lakh units’ Indian two-wheeler market. It sold just 2.2 lakh units in India in 2009, but now aims to sell 10 lakh units in the next 3-4 years.

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