India Yamaha eyes 10% market share in mobike segment

India Yamaha Motor, a 100% subsidiary of Yamaha Motor Co, Japan, is targeting to capture 10 per cent of the motorbike segment in the country, a company official said.

"We are aiming at 10 per cent market share in two years," senior executive officer of Yamaha Motor Corporation K Miwa said here today.

At present across all segments, the company's average market share was around 7.75 per cent.

The company would be manufacturing 4.5 lakh units during the current year, out of which 1.5 lakh units would be for export, he told reporters.

With an installed capacity of six lakh units per annum, he said, the company might either go for capacity expansion at the present facility at Faridabad in Haryana or set up a new plant.

The company has so far invested Rs 600 crore in India and had committed an investment of Rs 800 crore.

Yamaha today launched two bikes in the deluxe and executive segments.