
"Our product benchmark right now (on cost) is the YBR 110 and Crux, but we would like to develop a bike in the low-cost segment for markets like Africa. The target is to make a bike that will cost $500. I think such a bike will have a lot of demand in Africa as well as in India" said Hiroyuki Suzuki, MD and CEO, Yamaha India.
No doubt, the reputed motorcycle brand's new machine will be a hit in the Indian market. Being Crux 110cc is the current cheapest Yamaha bike priced at Rs.38,365, Hero Motocorp's CD Dawn is the cheapest Indian motorcycle priced at Rs.36,300.
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Meanwhile Hero Motocorp also started its work in producing a new entry level bike which will be priced below Rs.30,000 has become a big headache for Yamaha. So the automobile industry will witness a tight competition between Yamaha and Hero in the coming days.