Tamil Nadu is emerging as a hot spot for investors with various automobile companies such as Nissan, BMW, Hyundai, Ford, Daimler already operating there . TVS and Royal Enfield also have major plants set up in Tamil Nadu . Now there has been a report in Business Standard that Japanese two-wheeler giant Yamaha is understood to have finalised a location in Tamil Nadu to set up its third facility in India to expand its operations.
Yamaha has shortlisted Tamil Nadu out of three states, including Karnataka and Maharashtra, and will sign the Memorandum of Understanding (MoU) by May this year.
Yamaha is now trying to ramp up its operations in India in order to compete with its peers like Honda and Suzuki but also the top two-wheeler makers like Hero MotoCorp and Bajaj .
We recently saw Honda marching past Bajaj in terms of monthly sales , Yamaha also needs to ramp up its production to compete with them .
The company plans to invest Rs 800 crore in the next two years on capacity enhancement,the new plant is said to be fully functional till 2014 after which company sales in India might increase upto 10 lakh unit against the 3.3 lakh unit in 2011 .
Yamaha Motor currently has two manufacturing units at Surajpur in Uttar Pradesh and Faridabad in Haryana and produces motorcycles for both domestic and export markets. In the current year, the company hopes to clock sales of 4.5 lakh units and 6.5 lakh units next year in India.
After launching successful series of Yamaha bikes in Indian bike market, Yamaha is going to make its entry in scooter market of India with the all new Yamaha Ray .
The Yamaha Ray concept scooter, which will be the first scooter offering from the Japanese brand for the Indian market, could be launched before the Indian festive season of Diwali 2012.
To know more about Yamaha Ray Scooter click HERE
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