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Yamaha Motor to set up its second R&D centre in India

Business Standard:  July 26, 2016

New Delhi: Yamaha Motor Research & Development India Pvt Ltd (YMRI) has said it will set up its second R&D centre in India, with an investment of about Rs 66 crore. The new unit will be on the premises of India Yamaha Motor’s plant in Kanchipuram district, Tamil Nadu.

The company said its new R&D centre, being set up to ensure optimum utilisation of resources, is aimed at capcity enhancement.

According to the company, the investment is part of the Rs 1,500-crore investment it has committed as part of the ‘Make in India’ campaign. The company opened its first R&D facility in India in Uttar Pradesh.

Yasuo Ishihara, Managing Director, YMRI, said, “The objective of the new centre is to develop models for India and eventually, the global market. The Chennai centre shall be the second main pillar for YMRI.”

The company said its long-term plan is to develop products which fit the Indian & global customer requirements, and the new unit is intended to increase Yamaha’s manufacturing competitiveness in the country.

YMRI, which was established in February 2013, is the fifth overseas R&D headquarters for Yamaha Motor Group, following Italy, Taiwan, China and Thailand.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

x IBEF : India Brand Equity Foundation