India Yamaha Motor Pvt. Ltd. (IYM) announced a milestone for its scooter section, having produced its one-millionth unit in India. Yamaha India’s one-millionth scooter ‘Fascino’ was rolled out from its Surajpur plant in Greater Noida on Friday.
Yamaha said that this milestone is largely attributed to the performance of the production teams at Yamaha’s Surajpur and Chennai plants. Out of the total demand of two wheelers in India, the scooter segment is soaring with 30 per cent contribution to the two-wheelers sales and Yamaha is targeting 10 per cent market share in scooters by the end of this year.
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 will be able to further reinforce our position in the market. Both our plants at Surajpur and Chennai have performed exceedingly well, contributing to the company’s expanding customer base and business."
Out of the one million scooters produced, around 80,000 scooters have been exported to the global markets. The major overseas export countries for Yamaha are Nepal, Mexico, Sri Lanka followed by Cost Rica, Dominican Republic and Ecuador. Cygnus Ray Z has been the highest selling scooter in the export market. The scooter models are being exported from both the plants. IYM currently produces Cygnus Ray Z, Cygnus Alpha, Cygnus Ray-ZR and Fascino scooter models in India. This year, the Japanese brand’s target is to produce one million vehicles, out of which 4.6 lakh units will be scooters.
