Undeterred by the
slump in the automobile market, two-wheeler manufacturers India Yamaha and
Bajaj Auto aim to post decent sales this financial year, buoyed by their strong performance in November.
While Japanese two-wheeler manufacturer India Yamaha aims to sell 4.80 lakh units this year, rival Bajaj Auto plans to post sales of four million units this fiscal.
Auto sector sees mixed sales in November on fuel costs, interest India Yamaha Motor Director-Sales and Marketing Jun Nakata said the company plans to sell over 4.80 lakh units this year and aims to garner a 10 per cent market share in the next few years.
"We are looking to sell 4.80 lakh motorcycles this fiscal and are looking to achieve an overall 10 per cent market share over the next few years," India Yamaha Motor Director (Sales and Marketing) Jun Nakata told PTI.
In November, India Yamaha reported a 29.20 per cent increase in total sales to 39,162 units. The company had sold 30,310 units in the same month last year.
Bajaj Auto plans higher exports Sales in the domestic market grew by 24.08 per cent during the month, with the company selling 28,178 units, as against 22,710 units in the corresponding period last year.
There was good news on the export front too for India Yamaha, with a whopping 44.53 per cent jump in sales to 10,984 units during the month from 7,600 units a year ago.
Weak rupee may prompt carmakers to hike prices Asked about the sluggish automobile market conditions, Nakata said the company has not been greatly affected. "We have none or very less impact so far. We expect growth be around 15 per cent in the industry," he said.
Auto analysts said increasing fuel prices and high interest rates prompt many buyers to go for two-wheelers instead cars. However, there could be an impact on sales of high-performance bikes in the above 150-cc category, they said.
Nakata, however, struck a positive note, asserting that sales for India Yamaha, including premium segment products, would remain at the same level.
Bajaj Auto plans to post sales of four million units this financial year. 
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