Yamaha to launch new YZF-R1 and other models in 2010

Yamaha to launch new YZF-R1 and other models in 2010

New Delhi: Japanese two-wheeler firm Yamaha on Wednesday said it will introduce a new version of its super-bike YZF-R1 in the country next year, and a range of other models and variants from its stable to strengthen its position in India.

The company, which is likely to clock sales of 2.2 lakh units in the Indian market and export 70,000 units from here this year, is also aiming for a 50% growth is sales from both segments in 2010.

“We will launch a new version of YZF-R1 in India in 2010. The bike will be a bit more expensive than the existing YZF-R1, but will have the same 998cc engine," India Yamaha Motor National business head Pankaj Dubey told PTI.

The existing YZF-R1, which was launched in 2007, comes at Rs10.5 lakh.

The new bike YZF-R1 2010 will be imported from Japan as completely built unit (CBU), like the 2007 version.

Besides the YZF-R1 2010, the company also plans to launch some other models and versions in India during next year.

“We will be launching a CBU model during next month’s Delhi Auto Expo. Besides, we will also showcase some other models and versions during the expo which are likely to be launched during the course of the year in India," Dubey said.

He, however, refused to disclose further details regarding the planned launches.

India Yamaha Motor, the Japanese firm’s wholly-owned Indian subsidiary, is also aiming to increase its domestic sales and exports by half in 2010.

“Our cumulative sales during first 11 months of this year have grown well and we are likely to finish 2009 with sales of 2.2 lakh units in the domestic market and 70,000 units overseas. Our target is to grow by 50% in both segments in 2010," Dubey said.

India Yamaha Motor had sold 1.80 lakh units in the Indian market during 2008 and exported around 36,000 units.

Dubey said the company has received 20 bookings for its recently-launched 20 lakh super-bike ‘VMAX´ and will start delivery from this week.

“The first bike will be handed over to Bollywood star John Abraham later this week. From January onwards, we will start delivery to other customers who have booked it," Dubey said.

The 1,679 cc engine VMAX will be shipped into the country as CBU and Dubey said the company is looking to sell at least 40 units in 2010.

Yamaha is also increasing its dealership network in the country and looking to have 500 outlets by end-2010.

“We will take our dealership strength to 500 outlets by next year, from the existing 425," Dubey said.