Chennai: Overcoming the sluggish market due to recent global recession, Indian two wheeler industry is all set for good sales record this financial year. The domestic two wheeler industry has registered remarkable sales in November and aims post decent sales this financial year, market sources said.

While Japanese two-wheeler manufacturer India Yamaha aims to sell over four lakh units this year, rival Bajaj Auto plans to post sales of four million units this fiscal. India Yamaha Motor Director-Sales and Marketing Jun Nakata said they planned to sell over four lakh units, aiming to garner a 10 percent market share in the next few years.

"We are looking to sell 4.80 lakh motorcycles this fiscal and are looking to achieve overall 10 percent market share over the next few years", India Yamaha Motor Director Sales and Marketing Jun Nakata told . Auto-analysts said increasing fuel prices and high interest rates prompt many buyers to go for two-wheelers than cars. However there could be an impact in the high performance bikes in the above 150 CC category, they said.

Chandrashekar, General Manager, Marketing and Sales, Bajaj Auto told that the company expects to sell over four million units this fiscal. "The impact in the passenger car business is because of various reasons, including interest rates and fuel prices.If a car owner feels the pinch, then two-wheelers always come as an option," he said.