Yamaha has expanding its portfolio in the segment on Friday by launching a 998cc motorcycle — FZ1 — in India. The model is priced at `8.7 lakh (ex-showroom, Delhi).
The company currently offers three high-end superbikes in the Indian market. These are — VMAX, MT01 and YZF-R1.
The other manufacturers, who are currently cashing in on the current demand for super bikes, are Harley Davidson, Suzuki and Honda.
“India is one of the key markets for Yamaha and we have been constantly shifting gears to transform the market from utility to pleasure and lifestyle,” India Yamaha Motor chief executive officer and managing director, Mr Hiroyuki Suzuki, said in a statement.
According to experts, the market for large capacity bikes hovers at 500 units this year.
Prior to the roll out of the superbikes in India, enthusiasts used to acquire them through agents, who used to buy the vehicle as spare parts, paying 24 per cent import duty compared with 104 per cent for the completely built up bike. Currently, there are about 3,000 such assembled superbikes in the country.
India Yamaha Motor produces its motorcycles from two manufacturing facilities at Surajpur in Uttar Pradesh and Faridabad in Haryana respectively for domestic as well as export markets.
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