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Japanese two-wheeler maker Yamaha on Monday launched its 250-cc motorcycle, Fazer 25, priced at Rs 1.28 lakh (ex-showroom Mumbai) in India, which will hit the road next month.
India Yamaha Motor aims to achieve 15 per cent sales growth in this financial year (FY) besides expanding dealership network to 700 outlets, a senior company executive said after the launch.
"With its improved looks and other suitable changes, the new Fazer 25 will keep up with the expectations of the FZ breed of riders," Managing Director of Yamaha Motor India Sales, Masaki Asano said at the launch.
India Yamaha Motor, which sold 7.50 lakh two-wheeler units last year, is looking to sell around nine lakh units of scooters and motorcycles this year, Roy Kurian, senior vice-president of Sales & Marketing said.
"We will be growing around 15 per cent this year. We sold 7.5 lakh units of two-wheeler last year and this year, we are looking at nine lakh units," Kurian said.
He said the first half of the year was very "tight" for most of the manufacturers, but the second quarter is expected to bring back growth.
Kurian said the two-wheeler industry is expected to clock around 8-10 per cent growth this FY, with the scooter sector likely to grow by 15 per cent, while the motorcycle segment almost half of that, at 6-7 per cent.
He also said that Yamaha is expected to add another 100 outlets in its dealership network this year, which will take the total number of outlets to 700 pan-India.
With the new launch, the company said, it is confident that it will be able to make new inroads into the customer base, especially those who want to step up to a premium touring-friendly motorcycle.
The company is very bullish on the new launch and is very confident that it will keep up with the strong growth numbers the company has witnessed in the last few years, it said.