AutomotiveClustersInFocusManufacturingNewsSectorsSouth Zone

Yamaha to Invest RS 200 Cr in Chennai Plant

Sharing is caring!

Japanese group Yamaha plans to invest more than Rs 200 crore by 2018 in its two-wheeler plant near Chennai, a statement from India Yamaha Motor Pvt Ltd said.

“Yamaha has so far invested Rs 1,300 crore in the Chennai factory and plans to invest over Rs 200 crore more by 2018. The Chennai factory is the first in the Yamaha Motor group with a vendor park in its vicinity,” the statement said.

The vendor park has nine vendors, who have invested Rs 760 crore to date, employing more than 1,900 people, India Yamaha Motor said.

On Friday, the company reached a major milestone of producing its one-millionth unit at the Chennai plant.

Yamaha began its operation in Chennai in March 2015 with an initial capacity of 4.5 lakh units per annum. In two years, it increased its capacity to six lakh units per annum and by 2019, it will reach nine lakh units per annum.

“The plant near here is of strategic importance to Yamaha’s local and global business. Apart from catering to the domestic market, the plant is aimed at functioning as the manufacturing base for predominantly African market as well as ASEAN and Latin American markets,” the statement added.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: