It has emerged that famous Japanese bike manufacturer Yamaha intends to have a production capacity of as many as 50 lakh units in India by 2020. For this, the manufacturer could set up install many new manufacturing plants.
“We are eyeing a production capacity of five million units by 2020. For that, we would require more manufacturing plants in the country,” India Yamaha Motor CEO and Managing Director Hiroyuki Suzuki told PTI.
India Yamaha Motor also wishes to enjoy a total market share of 10 per cent in India by 2015.Commenting on market share, Suzuki said: “By 2016 we would like to have a combined market share of 10 per cent in bikes and scooter segments.“
Currently, the manufacturer has two production plants in India- one produces two wheelers and other manufactures only spare parts. The bike production facility has an annual manufacturing capacity of 10 lakh units. This unit will be joined by a new facility in Chennai, which will boast of an annual capacity of 18 lakh units. This plant is expected to come up by 2018.
Talking about medium term plans, Hiroyuki Suzuki said: “We are targeting a capacity of two million units by 2016. We plan to export 30 per cent of the total capacity.“
Speaking about the plans to launch a “bigger than R15″ model, he said:”Yamaha is strong in 150 cc segment today. We are focusing on the commuter segment, but at the same time we would like to introduce bikes above 150 cc in the future,” “We are targeting domestic sales of 4.6 lakh units and 2.1 lakh units in exports markets,” Suzuki added. Speaking about the sales target for this year, Suzuki said:”We are targeting domestic sales of 4.6 lakh units and 2.1 lakh units in exports markets,”