Yamaha scooters in india

We have completed the feasibility study and plan to launch new gearless scooters in the Indian market shortly,

We will enter the market with exciting products in the scooter segment. We are confident that our products will do well…gearless scooters are more in demand in the market,

We are good in both technology and product in the scooter segment globally,

The domestic market is conducive for gearless scooter. Globally, we are very strong in the scooter segment…we are confident of a good performance here as well,

Yamaha to enter scooter market in india

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In India, somehow we have not entered this segment (scooters). But we would definitely enter...it may take some time. But we are working on that,” Dubey added.

The subsidiary of the Japanese two-wheeler giant Yamaha has started a feasibility study and an announcement is expected shortly. Yamaha is the pioneer of gearless technology for two-wheelers. In the overseas markets, Yamaha sells more scooters than motorcycles. In fact, scooters make up almost 80% of Yamaha sales in the Asian markets.

“In India, the situation is totally different. We are going to adopt a completely new strategy for our scooters,” Dubey said. He added that India is set to follow the global trend of motorcycle market growing but gearless scooters becoming popular.

Honda scooters next plant in andhra pradhesh

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The MD of the Andhra Pradesh Industrial Infrastructure Corporation said that the government has offered lands in Medak and Nalgonda districts, to an extent of 100 acres to Honda. In reply, Honda Motors said it will start constructing the facility on two phases with Rs500 crore investment each. This facility will be made to deliver 2000 units per month initially which will be increased on phases, said the MD. She said the government is expecting a final version from HMSI.

As such Honda Motors has two facilities- Manesar with annual capacity of 1.55 million units and Tapukera with the annual capacity of 6 lakh units which is under process. The proposed one in AP will be the first in South India for HMSI.

According to an official news from the government side, two more global makers, Camozzi of Italy and Hyosung Corporation of Korea, are entering into the state with the investment of Rs300 crore and Rs450 crore respectively. Of these, Camozzi will be setting up a textile unit and industrial units near Hyderabad at an extent of 20 acres of land. Hyosung Corporation is setting up its power and industrial system plant for transformers manufacturing at an extent of 25 acres of land. The plant will come off near the NTPC-BHEL project in Tirupati district. The government official said the proposals from the Korean company have already come and the scrutiny process is on with the government at full swing.

Piaggio and Vespa retail financing

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Piaggio Group Americas and FreedomRoad Financial are pleased to announce an official partnership that will provide retail financing for Piaggio and Vespa scooters in the United States.

“We are looking forward to partnering with a well respected company like FreedomRoad Financial to offer our customers great finance rates so they can more easily afford the Vespa or Piaggio scooter they have been wanting” said Rick Panettieri, Piaggio Group Americas director of product management. “We have been working with Freedom Road Financial for many months now and are expanding the number of brands and models that can be financed with them. We have been pleased with our relationship so far with Moto Guzzi and are looking forward to expanding that to cover the Vespa and Piaggio brands. The longer term loans will provide our customers with good credit the opportunity to have even lower monthly payments.”

FreedomRoad Financial is focused on providing powersports financing nationwide through its network and is known for its commonsense approach to retail lending and high personal service.

“Vespa and Piaggio are iconic brands with economical environmentally friendly products, passionate customers and dealers, and we are thrilled that they have chosen us as their retail financing partner,” stated Tom Collins, Executive Vice President and Managing Director of FreedomRoad Financial, “We look forward to establishing solid relationships with their dealers and being a contributor in helping them grow their sales in this country.”

Sonalika eyes scooter India along with Mahindra

Sonalika Group chairman L D Mittal confirmed that he is negotiating with the government for purchasing a stake. “It is still at an initial stage, so I can't say how much we will pick up. But yes we are examining the options,” Mittal said.

Confirming the government’s plan to look for a strategic partner for Scooters India, minister of state for heavy industries, Arun S Yadav told FE, “We are considering different models which include looking for a strategic partner for Scooters India.” He declined to divulge details. Sale of majority stake or complete divestment are among the options being considered for SIL, a source told FE. Mahindra & Mahindra (M&M) is among other companies which have shown interest in Scooters India, the source added.

Scooters sales strong

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According to Society of Indian Automobile Manufacturers (SIAM), the domestic scooter segment witnessed sales of 11,63,127 units during April-October, 2010-11 compared to 7,64,643 units in the year-ago period.

Repositioning of products, targeting new customer segments and entry of new players led by firms such as Honda Motorcycle & Scooter India (HMSI) has resulted in revival of the scooter market in the country.

"At one point, people had written off scooters. However, scooters have been repositioned and it has helped. It is doing exceedingly well by targeting a different segment of customers," SIAM Director General Vishnu Mathur told PTI.

In October alone, the segment witnessed 104.27 per cent jump in sales to 1,88,633 units compared to 92,346 units in the month last year.

Mathur said the demand from urban areas, mainly women and young people, is driving the robust revival of the scooter market.

During 2009-10, scooter sales in the domestic market stood at 14,62,507 units compared to 11,48,007 units in the previous fiscal, up 27.40 per cent.

The current market leader HMSI sold 5,20,466 units in the first 7 months of this fiscal, a jump of 35.41 per cent over 3,84,369 units in the same period last year, SIAM said. The firm commands 44.75 per cent market share at present.

"The latent demand for scooter was always there because of its utility value; it was a question of bringing the right product. When the scooter market was down, it needed a leader to revive the segment," HMSI Operating Head (Sales and Marketing) NK Rattan said.

In December 2009, Bajaj Auto had said that it would stop making scooters as it was no longer a viable business with motorcycles taking over the Indian two-wheeler market.

However, industry observers say that HMSI and other companies may be proving Bajaj Auto's decision wrong as scooter sales continue to surge.

Sonalika to buy scooters india

Sonalika has joined the race to pick a stake in the sick public sector enterprise Scooters India (SIL). The company is in talks with the department of heavy industry which is scouting for a strategic partner for Scooters India following the recommendation of the Board for Reconstruction of Public Sector Enterprises (BRPSE).

Sonalika Group chairman L D Mittal confirmed that he is negotiating with the government for purchasing a stake. “It is still at an initial stage, so I can't say how much we will pick up. But yes we are examining the options,” Mittal said.

Confirming the government’s plan to look for a strategic partner for Scooters India, minister of state for heavy industries, Arun S Yadav told FE, “We are considering different models which include looking for a strategic partner for Scooters India.” He declined to divulge details. Sale of majority stake or complete divestment are among the options being considered for SIL, a source told FE. Mahindra & Mahindra (M&M) is among other companies which have shown interest in Scooters India, the source added.