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Yamaha worlds cheapest motorcycle
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Yamaha to develop $500 bike in India for global markets
Japanese two-wheeler giant Yamaha today said it is working
on to roll out a motorcycle priced at around $500 from India with the setting
up of its fifth global research and development centre.
The company's new
entity Yamaha
Motor Research and Development India Pvt Ltd (YMRI), which was established
at Surajpur in Uttar
Pradesh in February this year, has already started its work to develop the
product that will be first launched in India.
In order to enhance its position in the Indian market, the company will launch a new scooter model each year till 2016, apart from setting up its second R&D centre by 2015 at its upcoming Chennai facility.
In order to enhance its position in the Indian market, the company will launch a new scooter model each year till 2016, apart from setting up its second R&D centre by 2015 at its upcoming Chennai facility.
Claiming that the bike will be "the world's cheapest
motorcycle", the company said India will become the global hub for
development of low-cost bikes, which will be exported to other countries in
Africa and Latin America.
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