The Indian arm of the Japanese two-wheeler manufacturer Yamaha Motor India has achieved a new milestone by one million two-wheelers from its plant in Chennai. The one millionth product to roll out was the Yamaha Fascino 110cc scooter. Other products that helped the company to achieve this fleet and are also manufactured at the Chennai plant are Yamaha Ray Z, Ray ZR, Alpha and Yamaha Saluto motorcycle. Out of the one million vehicles manufactured, the company claims that about 8.5 lakh units are for the domestic market and about 1.5 lakh units will be exported. Yamaha Fascino is the most manufactured product with 3.7 lakh, demand Yamaha FZ series, Ray ZR and Fascino continue to remain high in its international markets as well. Overall, the company has already invested Rs 1300 crore and plans to invest Rs 200 crore by 2018. The Chennai facility is the first plant which has Vendor park in its vicinity. The Vendor park has 9 vendors who have invested Rs 760 crore till date and had given employment to about 1900 people. The company started its operation at Chennai plant in 2015 and had produced 4.5 lakh units per annum. With an increase in popularity of scooters and motorcycles, Yamaha increased its capacity of 6 lakh units in a span of two years and plans to increase the annual capacity to 9 lakh units by 2019.
Riuji Kawashima, Deputy Managing Director, India Yamaha Motor said, “This is a remarkable achievement by Yamaha. The production of one million-unit in two years showcases the increasing popularity of our brand among the Indian customers. The important 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.”
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