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Thursday, 5 January 2012

Ray scooter concept unveiled by Yamaha at Auto Expo

Yamaha-ray
Yamaha, the Japanese two-wheeler major which had declared about its intention of entering the Indian scooter market, has displayed its new scooter concept, the Yamaha Ray at the 2012 Auto Expo.

The scooter has been designed with women in mind, and has pink highlights and a rather pleasant stance. Other scooters on display were from the ASEAN market and included the Mio, Fino and Xeon. It was also reported that R1 and VMax were also at the stall and also a Fiery Red limited edition of the R15, as well as a celebratory 50th anniversary of Yamaha edition R15. Both these limited edition motorcycles are priced at Rs 1.10 lakh, ex-showroom, Delhi.

India Yamaha Motor plans to set up its third plant in the country, for which it has started scouting for land in Karnataka and Tamil Nadu. The company, which plans to invest Rs 800 crore in the next two years, on capacity enhancement, said it expects to sell around 10 lakh units by 2014. Hiroyuki Suzuki from India Yamaha Motor was quoted as saying "Setting up a third plant is under consideration. We are already looking for land in Karnataka and Tamil Nadu." He said the investment for the new plant is yet to finalise and would depend on the capacity of the facility. The firm plans to start operation of the new plant by 2014 when the company's sales in India are expected to go up to 10 lakh units from 3.3 lakh unit in 2011. At present, Yamaha has two plants each in Uttar Pradesh and Haryana. The company had produced 5.2 lakh units in 2011 out of which 1.9 lakh units are exported. In the current year, the company hopes to clock 4.5 lakh unit sales and 6.5 lakh units next year in India.

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