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Yamaha posts 5pc sales growth in Oct

Posted on Nov 01, 04:03PM | IBNS

India Yamaha Motor, the world's leading two wheeler manufacturer, has registered a growth of 4.8pc in overall sales during October 2012 as compared to the corresponding period last year.

The company continues to maintain an upward trend in sales on the back of its superb product line-up, new launch in the scooter segment and innovative customer centric activities.

The company sold 39,368 units in October 2012 as against 38,229 units sold in October last year in the domestic markets.

In the Export markets the company sold 10,154 units in October 2012 as compared to 9,011 units in the same month last year.

The overall sales stood at 49,522 units in October 2012 while 47,240 units were sold in October 2011, thereby registering 5pc overall growth.

Speaking on the results, Jun Nakata, Director - Sales and Marketing, India Yamaha Motor, said, "We are very pleased with the sales growth that we've witnessed in the past month on account of our strong product portfolio, new launch in the scooter segment with RAY and high customer confidence in us."

"Currently, India Yamaha Motor has more than 400 dealers across India and plans to spread out to more cities increasing its dealer network to 2000 by 2014."

"Looking at the growing demand of two wheelers in the tier 2 and tier 3 cities, Yamaha has embarked on building a strong dealership network in these cities.

"The company is also working on its secondary network to be realigned to reach more and more customers in rural areas." he added.

With the addition of the scooter Ray in its portfolio, India Yamaha motor is looking at an overall market share of 10pc with 15pc share coming from the scooter segment by 2016.