Yamaha,the leading Japanese two-wheeler maker is in a plan to set up its third plant in India in order to expand its business in India.Apart from this,the company also plans to introduce an export unit in India for selling its bikes in the overseas market which includes Latin America and Africa.
The CEO and Managing Director of India Yamaha Motor,Mr.Hiroyuki Suzuki in his recent statement reveals,”Currently a study is on for setting up a third plant. By the end of this year, we should think of a new factory.”He also added, By 2013, the company would like to sell eight lakh units in the domestic market and two lakh units in export when the Surajpur plant reaches a capacity of 10 lakh units annually.He also explained,”We would like to start making the plan for it as soon as possible” and the need for a third plant, over and above the Surajpur and Faridabad plants, is in view of the company’s ambitions to expand in the Indian market as well as also an intensified focus on exports.
The fully owned subsidiary of Japan based Yamaha,the India Yamaha Motor Pvt.Ltd., is going invest up to Rs.300 crores for setting its surajpur plant in India in the year 2012 and by 2013 its total manufacturing will reach up to 10 lakh units.The company aims at an annual export volume of three lakh units by the year 2015.