India Yamaha Motor has been expanding its presence in the two-wheeler space, and it has achieved a major milestone in the process. The two-wheeler manufacturer announced the production of its one-millionth model out of the Chennai plant. The one-millionth product to roll out from the Chennai plant was the highly popular Yamaha Fascino, the organization said in a statement. Additional two-wheelers that contributed to the milestone production would be the Yamaha Ray Z, Ray ZR, Alphascooters, in addition to both the Saluto and Saluto RX commuter motorcycles. Yamaha India was able to achieve the landmark amount in a little over two years of operations at the Chennai manufacturing facility. The plant began operations in March 2015 with an initial capacity of 4.5 lakh units per annum and aims to produce up to 9 lakh units every year by 2019.
The business has invested up to ₹ 1300 crore at the Chennai facility and plans to include ₹ ₹ 200 crore more by 2018. The Chennai plant is a first for Yamaha Motor Group to have a seller park in its nearby vicinity. The park includes a total of nine sellers which have invested ₹ 760 crore in the area and employ over 1900 personnel. The vendor park setup helps manufacturers minimise declines in production management and distribution, improving efficiency in the manufacturing procedure.
Speaking on the occasion, Yamaha India – Deputy Managing Director, Riuji Kawashima said, “This is a remarkable achievement by Yamaha. The production of one million-unit in just two years stipulates the increasing popularity of our brand one of the Indian customers. The important milestone will function 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 marketplace.”
Out of the one million units produced, Yamaha says that 8.5 lakh units have been produced for the domestic market while 1.5 lakh units were exported. The Yamaha Fascino is the bike maker’s most produced model in the plant with 3.7 lakh units, making it Yamaha’s most successful model in India. The Chennai plant has production ratio of 7:3 presently between scooters and motorcycles.
Yamaha India – Vice President, Mukesh Kumar said, “This significant milestone wouldn’t have been possible without the hard work and diligent efforts of our entire team in production, manufacturing, purchase, R&D and the rest of the departments in addition to the suppliers. In the first year i.e. 2015, we produced 2.29 lakh units, the very second year in 2016 we produced 4.17 lakh units and this year till date we’ve produced 3.54 lakh units. We are proud to contribute to the world’s number 1 two-wheeler market.”
The Chennai plant also acts a manufacturing base for largely African as well as ASEAN and Latin American markets to the manufacturer.