: Two-wheeler manufacturer Yamaha Motor India is eyeing to sell 6.50 lakh units in the domestic market in 2020 and has set a target of doubling its market share by 2025, a top official said here on Thursday. The company has sold 6.24 lakh units in 2019, Yamaha Motor India Sales Pvt Ltd, Senior Vice-President, Strategy and Planning Group, Ravinder Singh said. The company as part of strengthening its presence in scooter segment unveiled Fascino 125FI, RayZR 125FI and Street Rally 125FI marking the company's entry into the 125cc segment. Currently the 125cc segment comprises Activa 125cc from Honda Motorcycles and Scooters India, NTORQ from TVS Motor and Access125 from Suzuki Motorcycle. Besides the scooters, the company also unveiled BSVI compliant motorcycles MT15 and R 15 at an event here. Recently, it unveiled 150cc FZ-S in complying to BSVI norms. Talking to reporters, Singh said the company has set a target to double its market share in the overall two-wheeler segment
Yamaha is studying parameters such as cost of ownership, infrastructure availability, policy roadmap, financing and other factors that might contribute to the electric vehicle ecosystem in the country. "We have been doing the feasibility study for a while now. The decision to enter the market has not been taken till now," Yamaha Motor India chairman Motofumi Shitara said.