Chennai: Undeterred by the slump in the automobile market, two wheeler manufacturers in India aim to post decent sales this financial year, buoyed by good sales in November.
While Japanese two-wheeler manufacturer India Yamaha aims to sell over four lakh units this year, rival Bajaj Auto plans to post sales of four million units this fiscal.
India Yamaha Motor Director-Sales and Marketing Jun Nakata said they planned to sell over four lakh units, aiming to garner a 10 per cent market share in the next few years.
"We are looking to sell 4.80 lakh motorcycles this fiscal and are looking to achieve overall 10 per ecnt market share over the next few years," said India Yamaha Motor Director (Sales and Marketing) Jun Nakata.
In November alone, India Yamaha reported a 29.20 per cent increase on total sales at 39,162 units. The company had sold 30,310 units in the same month last year.
Sales in the domestic market grew by 24.08 per cent as the company sold 28,178 units against 22,710 units in the same month last year.
There was good news on the export front too for India Yamaha, with a whopping 44.53 per cent jump in sales to 10,984 units during the month from 7,600 units a year ago.
Asked about the sluggish automobile market conditions, Nakata said the company was much affected by it. "We have none or very less impact so far. We expect growth be around 15 per cent in the industry", he said.
Auto-analysts said increasing fuel prices and high interest rates prompt many buyers to go for two-wheelers than cars. However there could be an impact in the high performance bikes in the above 150 CC category, they said.
Nakata however struck a positive note, saying sales for India Yamaha will be at the present level and sales of premium segment growth would remain the same.
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