BAF targets Rs 100 cr financing of Yamaha 2-wheeler financing

Bussan Auto Finance India, which is providing finance services to customers and dealers of India Yamaha Motor, today said it targets Rs 100 crore of financing of Yamaha customers this fiscal.

"We have already financed Rs 100 crore in the last two fiscals. We will finance another Rs 100 crore of Yamaha customers this fiscal," Bussan Auto Finance (BAF) India's Chairman and Managing Director Kota Odagiri told PTI here.

Odagiri said BAF would finance more this fiscal with the two-wheeler manufacturer expecting a significant market share from its recently launched--SZ, SZ-X and YBR 125.

"We had financed 27,000 motor-cycles last year. We will finance 50,000 units this fiscal," Odagiri said.

India Yamaha Motor expects to sell a total of 4.1- lakh units, including 2.8-lakh units in the domestic market this year where these three models would play a significant role to achieve a good market share.

"Our aim is to provide better service to Yamaha customers. We are growing the way Yamaha is growing," he said, adding "more rural people have started accepting our schemes."

Bussan Auto Finance India is a Non Banking Finance Company which finances customers and dealers of Yamaha two- wheelers in India.

BAF India is a JV of Bussan Automotive Singapore Pte, Axis Bank and Yamaha Motor Asia Pte.