New Delhi :
Two-wheeler manufacturer Yamaha Motor India is eyeing to sell 6.50 lakh units in the domestic market in 2020 and has set a target of more than triple its market share by 2025, a top official said here on Thursday. The company has sold 6.24 lakh units in 2019, Yamaha Motor India Sales Pvt Ltd, Senior Vice-President, Strategy and Planning Group, Ravinder Singh said.
The company as part of strengthening its presence in scooter segment unveiled Fascino 125FI, RayZR 125FI and Street Rally 125FI marking the company’s entry into the 125cc segment. Currently the 125cc segment comprises Activa 125cc from Honda Motorcycles and Scooters India, NTORQ from TVS Motor and Access125 from Suzuki Motorcycle.
Besides the scooters, the company also unveiled BSVI compliant motorcycles MT15 and R 15 at an event here. Recently, it unveiled 150cc FZ-S in complying to BSVI norms. Talking to reporters, Singh said the company has set a target to reach 10 per cent market share in the overall two-wheeler segment by 2025.
According to company officials, the company was having about 5 per cent market share in scooter segment and overall it was 3.5 per cent. “We are targeting 10 per cent overall by 2025,” he said. On the exports front, he said the company was shipping 2.94 lakh units in 2019 and plans to increase it to 3.15 lakh units in 2020.
On the launch of 125cc scooters, Singh said the company would gradually phase out existing 110cc models and would only sell 125cc models in future.
Apart from this, India Yamaha Motor on Monday launched BS-VI compliant YZF-R15 Version 3.0 motorcycle model with price starting at Rs 1.45 lakh (ex-showroom Delhi).
The 155cc will be available across all company dealerships in India from the third week of December 2019, IYM said in a statement. The YZF-R15 Version 3.0 in BS VI follows the introduction of Yamaha BS VI vehicles - FZ FI (149 cc) and FZS FI (149 cc) - in November this year, it added.
Commenting on the launch, Yamaha Motor India group of companies Chairman Motofumi Shitara said, “With Yamaha continuing to perk up track performances with the R series, the new YZF-R15 Version 3.0 with BS VI compliant engine and new features will be able to create optimum excitement in India in its respective category”.
(With inputs from PTI)