Japanese two-wheeler maker Yamaha announced that its new bike 'Fazer' 153cc at a price of Rs 72,000 (US$ 1,500) (ex-showroom,
Delhi). The company also inaugurated its new facility at Surajpur (Uttar Pradesh) which will also be used to make Frazer and other models, India Yamaha Motor said in a statement.

"It gives us great pride to say that we have reached yet another milestone in the history of India Yamaha Motor as we inaugurate the new plant and launch Fazer," India Yamaha Motor Chief Executive Officer and MD Yukimine Tsuji said.

The Fazer has been positioned along with the company's existing FZ portfolio bikes -- FZ16 and FZ-S.

"The new Fazer is the latest addition in our portfolio of technologically superior bikes including YZF-R15, FZ16 and FZ-S which exhibit Yamaha's global ingredients -- performance, innovation and design -- and are the best products currently in the market," Tsuji said.

"The new Surajpur plant will have the capacity to produce 600,000 motorcycles annually including Fazer and other models," the statement said, adding that the plant's capacity can be augmented up to 1 million units.