The wholly-owned subsidiary, India Yamaha Motor said might launch an electric bike in Indian two-wheeler market. The company also working on India-specific scooter and it will launch two new bikes for the Indian buyers.
The Yamaha Motor sold 3.7 lakh units in last year including exports of 1.2 lakh units and it has target 40-50 per cent more from last year. The company was aiming for a 10 per cent share in the next three years in the Indian two-wheeler market which is estimated to grow to 1.5-1.6 crore units from about 1 crore units at present.
Mr. Jun Nakata, director of sales and marketing of Yamaha Motor said “For rising fuel prices, electric bike is a good option. Currently we are selling electric bikes in Japan and Europe. There is a possibility for the Indian market for introducing these products”.