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Our Bureau

New Delhi , Jan. 13

YAMAHA Motor said has said that it will invest Rs 100 crore this year in India in strengthening its operations. It will also launch two new models.

The two-wheeler company will also upgrade its dealer network and provide technical support to its vendors to become a major player in the Indian market.

"To be able to introduce new products and meet the anticipated incremental sales volumes, we are planning to invest Rs 100 crore in product development and expansion of our production capacities," said Mr M. Shibuya, Managing Director of Yamaha Motor India, in a statement here on Tuesday.

He said Yamaha will launch two new models in India in 2004 - Fazer and Libero Lx. Fazer, a 125 cc, four-stroke bike, is developed keeping in mind the economy-conscious customers and will be launched in the middle of the year.

The new Libero variant will launched at the Auto Expo. It will be priced at Rs 39,800 (ex-showroom Delhi).

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