Yamaha Motor Research & Development India Pvt. Ltd
(YMRI) on Today announced that it has established its second research and development
(R&D) centre in India to ensure “optimum utilization of resources” and to
focus on the “enhancement of the capability and the capacity”
“The objective of the new centre
is to develop models for India and eventually, the global market. The Chennai
centre shall be the second main pillar for YMRI. By collaboration with the
current development power in Surajpur centre, we aim to strengthen more of the
cost reduction and attractive product development in the Chennai centre. The
key role of this India Integrated Development Center is to develop optimized
specifications for the Indian market,” said Yasuo Ishihara, managing director,
YMRI
The new centre located in the premises of India Yamaha Motor
Ltd’s (IYM) facility in Kanchipuram district, near Chennai, has been set up at
an investment of Rs.66 crore and is part of the Rs.1,500 crore investment that
Yamaha has already committed to ‘Make in India’ by 2018.
“The two wheeler market reached 16 million
units in 2015 and is expected to continue to grow at a decent pace going
forward, led by scooter segment. Yamaha has seen rapid growth in sales numbers
with 2016 first-half sales growth at 45% over last year,” the company said in a
statement.
During June 2016, out of 14,68,035 two wheeler sold in the
country, Yamaha accounted for 67,204 units thus registering growth of 30.67
percent. The company witnessed growth of 42.44 percent in domestic sales during
first quarter of current fiscal year, and sold 193,894 units, according to data
released by Society of Indian Automobile Manufacturers (SIAM).
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