Honda, Yamaha discuss on small scooter tie-up
Date: 05 Oct 2016
Honda Motor Co., Ltd. and
Yamaha Motor Co., Ltd. have announced that the two companies have begun
discussions toward a possible business alliance in the Japanese market in the
“Class-1 category” which include scooters with a 50 cc engine or electric
motor.
As a result of the
diversification of the types of short-range transportation, including
power-assisted bicycles and mini-vehicles, the market for the Class-1 category
vehicles in Japan has been shrinking in recent years. Moreover, motorcycle
manufacturers are facing various challenges including compliance with safety
standards and emissions regulations that will become more stringent in future
years, as well as the pursuit of product electrification.
Under such circumstances,
Honda and Yamaha arrived at a common understanding that cooperation is
necessary to address these challenges for the future and based on this
understanding, the two companies will strive to realise collaboration in the
Japanese market in the Class-1 category.
Shinji Aoyama, Operating
Officer and Director, Honda Motor Co., Ltd. noted, “Through this collaboration
with Yamaha, we will continue to offer Class-1 category products that go beyond
the expectations of our customers. With that, we will devote all of our efforts
to revitalize the motorcycle market in Japan and establish a market environment
that enables the popularization of electric motorcycles at the earliest
possible timing.”
Katsuaki Watanabe, Managing
Executive Officer and Director, Yamaha Motor Co., Ltd.said, “We believe that our
collaborative activities, which will start with an OEM alliance, will go beyond
the framework of a mere product supply alliance and carve out a future
motorcycle culture in Japan.”