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Financial Daily from THE HINDU group of publications Thursday, May 17, 2001 |
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Yamaha not to launch mobikes from China
Our Bureau
HYDERABAD, May 16
YAMAHA Motor Escorts Ltd (YMEL), the 74:26 joint venture between the Japanese automobile major Yamaha Motor Company and Escorts, has decided not to introduce Yamaha motorcycles made in China into the Indian market.
Addressing presspersons here on Tuesday on the eve of re-launching Yamaha's 4-seed version RX 135 motorcycle, the YMEL South Zonal Manager, Mr Ajaysingh Raghuvanshi, said neither Yamaha Motor Company Ltd nor YMEL had any intentions to bring Yamaha motorc
ycles made in China to India.
Setting aside the widespread rumours in the market on the entry of Chinese-made Yamaha mobikes into the Indian market, Mr Raghuvanshi urged the Yamaha customers not to believe such rumours.
``The motorcycles, currently being manufactured by Yamaha in China, are sold only in the Chinese market. There are no plans for exporting them to the Indian market,'' he said.
Requesting customers to continue their support and patronage to Yamaha motorcycles made in India, Mr Raghuvanshi said the Yamaha mobikes made at YMEL's manufacturing facilities at Faridabad in Haryana and Surajpur in Uttar Pradesh were in fact being expo
rted to the neighbouring markets of Nepal, Bangladesh and Sri Lanka.
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