Japanese two-wheeler major Yamaha’s plans to transfer its Indian sales business to a new entity — India Yamaha Motor Pvt Ltd — have hit a speedbreaker with the Industry Ministry against allowing the company to import products. Yamaha Motor aims at getting the 10% share of market which is now only 3%.
With a slew of launches in different segments, Yamaha is aiming to dent the scooter market which has remained positive despite the slump in two wheeler sales. While motorcycle sales, which forms 85% of the market, has fallen by 15%, scooters sales grew by 20% to 5.30 lakh units in the first half of this fiscal.
For reading the story :Yamaha Motor India
Sources:live mint
Picture:Yamaha
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