Yamaha Motor Co., the world's second-largest motorcycle maker, said it probably met a reduced 2013 sales target in Indonesia and expects to at least maintain the level of deliveries in its largest market this year.
Yamaha cut its 2013 sales estimate for Indonesia by 200,000 units to 2.55 million in August. The motorcycle maker will probably also beat its forecast for unit sales in India, according to Chief Executive Officer Hiroyuki Yanagi.
Motorcycle sales are recovering in Southeast Asia's largest economy after the government tightened restrictions on down payments for homes and vehicle loans to reduce the risks of default. Industrywide two-wheeler deliveries slumped in 2012 before rebounding for the biggest annual gain in three years, according to Indonesia's automotive industry association.
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