Japanese two-wheeler giant Yamaha Motor Co Ltd has said that it will roll-out the worlds cheapest motorcycle priced around US $ 500 (INR 27,000) and has set up a R&D centre in Greater Noida to make India the hub for such low-cost motorcycles. “So far, we have been focusing on sporty, stylish and performance- bikes in India. Now, we are looking to increase our presence in the commuter segment,” Hiroyuki Suzuki, CEO & managing director, India Yamaha Motor Pvt Ltd, said. The company’s target is to develop the cheapest bike at around US $ 500 for both India and export markets. The company is developing the bike with an engine capacity of 100 cc or more as smaller bikes with smaller engines do not have a good balance. The bike will first launch in India. Yamaha is also planning to explore other markets like Africa and Latin America.