The Japanese two-wheeler maker Yamaha has announced that it plans to invest Rs 800 crore on capacity expansion and new product development in the next two years, as it looks to sell 10 lakh two-wheelers by 2014.
"We plan to invest Rs 800 crore in 2012-13 on production enhancement, expansion and new product development." said Yamaha Motor National Head Roy Kurian. Kurian further added that the company is looking to touch 10 lakh capacity by 2014 from the current 6-6.5 lakh and would like to sell the same in the domestic market.
"We are looking at consolidating 150 cc segment, including FZ and SZ series and scooter segment. These initiatives will take us to the next level." The company is also looking at enhancing its presence in the country by 2014. "We are looking at 2,000 dealers for 1 million sales target by 2014," said Mr. Kurian
Yamaha who have already made their mark in the Indian two wheeler industry will be looking to improve their position. We shall expect that this initiative will turn out to be a great success.
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