Yamaha Aims To Produce 8 Lakh Units In 2 Yrs

Japan’s two-wheeler producer Yamaha Motor has decided to double its production capacity to 8 lakh units in two years.

While opening the company’s showroom in Mumbai, Tsutomu Mabuchi, Managing Director & CEO said, “This is our goal, our target, our dream. We aim to have a 10% market share by 2010 and will break even before that.”

The company, with current market share of 2.5% plans to pump additional facilities at its manufacturing plant in Surajpur, Uttar Pradesh. Its two units in Surajpur and Faridabad  presently produce 4 lakh units.

In the last financial year, the two wheeler company sold nearly 1.18 units whereas it has already crossed the mark of one lakh so far. Commenting on this, Pankaj Dubey, National Business Head, Sales & Marketing, Yamaha Motor India said, “We hope the festival season will give a further push to our sales. We are targeting two lakh unit sales by the end of this year.”


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.