India Yamaha Motor sales up 27% in March; rise 44% in FY10

Two-wheeler maker India Yamaha Motor today reported a 27.30 per cent growth in its sales in March at 27,460 units, boosted by good performance in the premium bike segment.

The company had sold 21,571 units during the same month of last year, India Yamaha Motor said in a statement.

It also reported a jump of 44.38 per cent in its annual sales during the 2009-10 fiscal at 2,90,211 units as compared to 2,01,009 units during the previous fiscal.

During March, the two-wheeler maker sold 17,892 units in the domestic market as against 14,575 units in the same month of last fiscal, a rise of 22.76 per cent.

Exports during the month jumped by 36.76 per cent to 9,568 units compared to 6,996 units in March 2009, it said.

"With an impressive product line, we have been able to rebuild our brand image and get back customer confidence. We are receiving an overwhelming response from the Indian and overseas markets for premium and deluxe segment models," India Yamaha Motor National Business Head Pankaj Dubey said.

He said the company's high-end bikes, including YZF-R15, FZ series and Fazer, have done well during the month.

During the 2009-10 fiscal, the company, a wholly-owned subsidiary of Japan's Yamaha Motor Co, reported a 37.53 per cent jump in domestic sales at 2,23,307 units as compared to 1,62,370 units during the previous fiscal.

Exports for the fiscal stood at 66,904 units as against 38,639 units in 2008-09, a jump of 73.15 per cent, the company added.