Yamaha planning a third factory in India
The world's second largest motorcycle market just can't be ignored, and Yamaha is determined to grab a bigger slice of the actionIndia Yamaha Motor is planning to manufacture a third production plant in an effort to acquire a larger share of the world’s second-largest motorcycle market.
Yamaha is targeting a 10 per cent share of the Indian two-wheeler market over the next four years, which would to well over one million units across its 400 dealers.
“We are serious about our targets and would have to look at fresh capacity to achieve them,” said Roy Kurian, its national business head. The company is expected to soon scout locations for the new facility.
Last year, around 11.8 million two-wheelers were sold in India; that already astronomical figure expected to grow at between 12-14 per cent over the next 12 months.
“In Vietnam, Thailand and Indonesia, Yamaha has 20 per cent market share. In Indonesia, we sold 3.5 million motorcycles last year, as compared to 0.35 million units expected to be sold in the domestic market here in this financial year. The potential to grow sales is huge,” said Kurian.
Kurian did not specify how much capacity the new plant will have.
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