India Yamaha Motor chief executive Hiroyuki Suzuki says that the brand is targeting an annual production capacity of five million units in India by 2020. It is also aiming to capture a ten per cent market share in the country over the next couple of years.
Yamaha currently has two plants in Indua. One, at Greater Noida, assembles bikes and has capacity of one million units. The other, at Faridabad, manufacturers parts. A third factory near Chennai is presently under construction and will add another 1.8 million units in capacity. Additional expansion is dependent on Indian economic recovery, which Yamaha believes will kick in by 2017.
The company is planning to have a two-million-unit Indian capacity in place by 2016, exporting 30 per cent of production. This year, it is forecasting Indian domestic sales of about 460,000 units with a further 210,000 units exported.