Thursday, September 19, 2013
Motorcycle Makers Ask For More Parking, Easier Licensing
TOKYO (Nikkei)--The nation's four motorcycle manufacturers on Wednesday called for creating more parking space as well as easing requirements for a motorcycle license.
In a joint press conference, representatives from the four firms -- Honda Motor Co. (7267), Yamaha Motor Co. (7272), Suzuki Motor Corp. (7269), and Kawasaki Heavy Industries Ltd. (7012) -- stressed that rejuvenating the slumping domestic market requires government-led initiatives. They aim to sell a combined 1 million units in the Japanese market in 2020.
- Motorcycle makers want more spots to park bikes.
Domestic motorcycle sales stood at 440,000 units in 2012, one-eighth the peak achieved in 1982. Sales dipped below the 1 million mark in 1999, and have since been on a steady decline.
Last month, the Ministry of Economy, Trade and Industry set a new target to raise domestic motorcycle sales back to 1 million units and boost the global share of Japanese makers to 50% by 2020.
Smaller bikes powered by 126cc and larger engines are currently faring well, with sales showing a 2.7% uptick in the first eights months of this year. The growth for the full year is on track to beat the initial forecast of a 0.8% increase.
(The Nikkei, Sept. 19 morning edition)