- Current annual production capacity stands at 1.7 million units
- Plan to achieve 2.5 million units over the next five years
- Presently, the company has one plant in Greater Noida and one in Chennai
With an aim to expand its market share in the Indian two-wheeler market, Yamaha Motor India has announced its target to grow from its current 4 per cent share to 10 per cent by 2023. The company has a current production capacity of 1.7 million units which it aims to scale up to 2.5 million units in the next five years. The manufacturer will be targeting the premium, fun-to-ride segment and avoid the mass commuter category. Currently, Yamaha India already has a 10 per cent market share in the premium sports motorcycle segment.
The Indian arm of the Japanese bike maker is also reportedly, working on plans to expand its manufacturing setup. The company currently has two plants, one located in Greater Noida and second one in Chennai. With the current setup, the company has enough production capacity for the next two years but beyond that, it will need to expand.
In the current fiscal from April 2018 to February 2019, Yamaha Motor India has managed to sell 7,32,006 units in the domestic market, registering a 0.7 per cent growth compared to the previous year.
