Yamaha to build a motorcycle priced at $500
Japan's Yamaha said on Wednesday it was developing "the world's cheapest motorcycle" in India priced at US$500, which it plans to export to other markets including China.
The low-cost bike with an small capacity of around 100cc will be worked on at their research centre in Uttar Pradesh state with giving a launch date of the vehicle.
<em><strong>"Developing the product in India will give us substantial cost advantage and enable us to price it competitively,"
</strong>Hiroyuki Suzuki, chief executive of India Yamaha Motor told reporters in New Delhi.</em>
The bike will be sold first in India where it was developed then exported to Latin America, Africa and China.
<strong><em>"Our target is to develop the cheapest bike at around $500 for both in India and export markets,"</em></strong>
<em>said senior Yamaha research and development manager Toshikazu Kobayashi.</em>
If these motorcycles were to land on Singapore, would you get it for it's brand or because it's cheap?
<span style="color: #c0c0c0;">Image from Bloomberg News</span>