Thursday, March 3, 2011

Yamaha sales growth 37% in February

New Delhi, March 1st, 2011: Riding on the success of its models in the premium segment, India Yamaha Motor posted a growth of 37% in its domestic sales during February 2011 vs. last year. The company registered sales of 23,384 units in February 2011 vs. 17,131 units in the same month last year in the domestic markets. The export figures stood at 9,662 units in February 2011 while 8,633 motorcycles were exported in February 2010. The overall sales recorded were 33,046 units in February 2011 vs. 25,764 units in February 2010, a growth of 28.3%.

Mahindra motorcycle Stallio's problems to be fixed by an Italian firm

The utility major Mahindra & Mahindra’s two wheeler arm, Mahindra Two Wheelers has entered the segment with much hope to able emerge as one of the major player but its launch vehicle, a commuter segment bike Stallio itself has been stuck up in problems thereby stalling the company’s sales figures
According to a report in business daily The Economic Times, now Mahindra Two Wheelers has roped in Italian design services firm Engines Engineering to rectify the defects of Stallio. The bike, which sold only 46 units in February after the company curtailed production to repair faulty clutch and gear parts, will be modified and re-launched shortly. Engines Engineering is working closely with in-house R&D experts to modify the bike which marked the Mahindra group's entry into the motorcycle market dominated by rivals Hero Honda and the Bajaj group.