India Yamaha Motor Celebrates One Million Production Milestone For Its Scooters

Written by: Irwin Mills

India Yamaha Motor Pvt. Ltd. (IYM) is celebrating the roll out of the one-millionth unit in India. The company's one-millionth scooter 'Fascino' was rolled out from its Surajpur plant in Greater Noida.

Yamaha scooters are well received in India, and the company is targeting is 10% market share in scooters by the end of this year. Currently, the scooter segment is soaring with 30% contribution to the two-wheelers sales.

Out of the one million scooters produced, close to 80,000 scooters have been exported to major countries that are Nepal, Mexico, Sri Lanka followed by Cost Rica, Dominican Republic and Ecuador. In the export market, the Cygnus Ray Z has been the highest selling scooter.

Commenting on this achievement, Mr Hiroaki Fujita, Chairman, IYM, said, "This is a significant landmark for Yamaha in India. IYM has had a very successful run in the scooter segment and has been growing at a rapid pace in the past few years. The roll out of the one-millionth scooter in India is a reflection of Yamaha's increasing footprints in India in the scooter segment, and we are confident that we will be able to reinforce our position in the market further. Both our plants at Surajpur and Chennai have performed exceedingly well, contributing to the company's expanding customer base & business".

IYM currently produces Cygnus Ray Z, Cygnus Alpha, Cygnus Ray-ZR, and Fascino scooter models in India. And the company is targeting to produce 1 million vehicles, out of which 4.6 lakh units will be scooters.India Yamaha Motor Pvt. Ltd. (IYM) is celebrating the roll out of the one-millionth unit in India. The company's one-millionth scooter 'Fascino' was rolled out from its Surajpur plant in Greater Noida.

Yamaha scooters are well received in India, and the company is targeting is 10% market share in scooters by the end of this year. Currently, the scooter segment is soaring with 30% contribution to the two-wheelers sales.

Out of the one million scooters produced, close to 80,000 scooters have been exported to major countries that are Nepal, Mexico, Sri Lanka followed by Cost Rica, Dominican Republic and Ecuador. In the export market, the Cygnus Ray Z has been the highest selling scooter.

Commenting on this achievement, Mr Hiroaki Fujita, Chairman, IYM, said, "This is a significant landmark for Yamaha in India. IYM has had a very successful run in the scooter segment and has been growing at a rapid pace in the past few years. The roll out of the one-millionth scooter in India is a reflection of Yamaha's increasing footprints in India in the scooter segment, and we are confident that we will be able to reinforce our position in the market further. Both our plants at Surajpur and Chennai have performed exceedingly well, contributing to the company's expanding customer base & business".

IYM currently produces Cygnus Ray Z, Cygnus Alpha, Cygnus Ray-ZR, and Fascino scooter models in India. And the company is targeting to produce 1 million vehicles, out of which 4.6 lakh units will be scooters.

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Story first published: Friday, August 12, 2016, 16:49 [IST]
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