The Japanese automobile giant, Yamaha, an iconic company, in India rolled out its one millionth unit from Chennai plant which was its Fascino scooter model.
Additional Rs. 200 Cr. investment in Chennai plant to take production capacity to 9 lakh units
Yamaha’s manufacturing plant came up in Chennai in 2015 with production capacity of 4,50,000 units a year. Later in 2016, the production capacity was ramped up to 6 lakh units and by 2018-19, it would increase it to 9 Lakh units a year.
Speaking today in Chennai to PTI, Riuji Kawashima, Deputy Managing Director (Yamaha India) – Business Expansion Group, “This is a remarkable achievement by Yamaha. The production of one million units in two years showcases the increasing popularity of our brand among Indian customers. The milestone will serve as a major boost for business development as well as future expansion plans in India. We will continue to enhance the production facilities and contribute to the requirements of the Indian two-wheeler market.”
“Yamana is going to further invest in its Chennai plant to increase production for local and international expansion.”
This is another boost to PM Narendra Modi’s “Make in India” vision.
The company has 3 state of the art manufacturing facilities in India – Faridabad, Surajpur and Chennai. And India is the second largest market for Yamaha after Indonesia.
“Investment will be around Rs. 200 Cr. This will be for a new assembly line in the factory (Chennai) and that will take production to 9 lakh units”, he said.
Yamaha to create additional 500 direct jobs in Chennai through this investment.
Yamaha has so far invested Rs. 1300 Cr. in its Chennai plant that has given direct jobs to 3,500 people and with this additional Rs.200 Cr., another 500 jobs would be generated.
Yamaha in Chennai
At Chennai plant, they manufacture 5 scooter models – Fascino, Ray Z, Ray ZR, Alpha and motorbike Saluto. It is spread across 180 acres and has a vendor part near its plant which houses 9 vendors who have invested Rs. 760 Cr, giving direct jobs to 1,900 people.
This vendor plant is first for Yamaha Motor Group that helps the company to bring maximum efficiency in areas of production and distribution reducing costs & losses to lowest possible levels.
Yamana manufacture units not just for Domestic demand but also for exporting to other markets like ASEAN, African and Latin American countries where two wheelers are still dominating.
Out of the 9 Lakh units, roughly 7.5 Lakh would be for domestic market and 1.5 lakh would be for international markets through exports.