Playing a big gamble then, Yamaha India launched the R15 in 2008 as the country's first mass market full faired motorcycle that not only offered superlative performance but was reasonably priced as well.
Indian two-wheeler makers are on a scooter joyride. The two-wheeler, which had lost share to motorcycles, have cornered about one-fourth of the market in about 11 states and the North East region. Only 3 states enjoyed such a share four years ago.
The net profit of Bajaj Auto, the country's third-biggest two-wheeler producer, slumped 18.6 per cent in the final quarter (Q4) of 2014-15, the third fall in a row as domestic and export volumes faced severe headwinds.
Shares of Bajaj Auto have moved higher by 4.3% to Rs 2,244, bouncing back nearly 6% from their intra-day lows on the NSE, although the company reported a 18.6% year-on-year decline in net profit at Rs 622 crore for the fourth quarter ended March 2015