India Yamaha Motor has been expanding its presence in the two-wheeler space, and it has achieved a significant milestone in the process. The two-wheeler maker announced the production of its one-millionth model from the Chennai plant. The one-millionth product to roll out from the Chennai plant was the highly popular Yamaha Fascino, the company said in a statement. Other two-wheelers that contributed to the landmark production are the Yamaha Ray Z, Ray ZR, Alphascooters, as well as both the Saluto and Saluto RX commuter motorcycles. Yamaha India was able to achieve the landmark number in a little over two years of operations in 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 each year by 2019.
The business has invested up to ₹ 1300 crore at the Chennai facility and plans to add ₹ ₹ ₹ 200 crore more by 2018. The Chennai plant is a first for Yamaha Motor Group to have a seller park in its neighboring vicinity. The park has a total of nine vendors which have invested ₹ 760 crore in the area and use over 1900 personnel. The seller park setup helps manufacturers minimise losses in production management and distribution, improving efficiency in the manufacturing procedure.
The Yamaha Fascino has been the one-millionth product to roll out from the Chennai plant
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 showcases the increasing popularity of the brand one of the Indian customers. The important milestone will serve as a significant boost for business development as well as future expansion plans in India. We will continue to boost the production facilities and contribute to the requirements of the Indian two-wheeler marketplace.”
From the one million units produced, Yamaha says that 8.5 lakh units have been produced for the domestic market while 1.5 lakh units have been exported. The Yamaha Fascino is the bike manufacturer’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 at present between scooters and motorcycles. The company’s highest export models include the FZ series (produced at the Faridabad facility), Ray ZR along with the Fascino.
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, buy, 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’re proud to contribute to the world’s number 1 two-wheeler market.”
The Chennai plant also acts a manufacturing base for mostly African in addition to ASEAN and Latin American markets to the manufacturer. Yamaha India says its total production from facilities at Chennai and Surajpur will reach 1.6 million units per year by 2019.