Yamaha's Chennai plant reached a significant milestone of producing its one-millionth unit. The Yamaha Fascino was the 1 millionth model which rolled out from the Chennai factory.
The other scooter and motorcycle models which contributed in reaching this milestone includes Ray Z, Ray ZR, Alpha, Saluto and Saluto RX. The two-wheeler manufacturer began its operation in Chennai in 2015 with an initial capacity of 4.5 lakh, and in two years, it increased to 6 lakh units per annum, this is expecting to reach 9 lakh units by 2019.
Of the 1 million units, Chennai factory produced 8.5 lakh units for the domestic market, while the remaining 1.5 lakh units for the export market. Along with Chennai and Yamaha's Surajpur plants, the company is planning to reach 1.6 million units per annum by 2019.
From the product lineup, Yamaha most produced is the Fascino with 3.7 lakh units, while the FZ series, Ray ZR, as well as the Fascino, contributed to export numbers.
Yamaha has invested Rs 1300 crores in the Chennai factory, and it plans to invest another Rs 200 crore by 2018. The Chennai facility is also the first in the Yamaha Motor group which has a "Vendor Park" in its nearby vicinity. The vendor park has nine vendors who have invested Rs. 760 crores till date to enable complete synchronization of external supplier parts production.
The plant in Chennai is friendly to people and the global environment. The plant incorporates state-of-the-art infrastructure and advanced technologies for Zero-water discharge and recycles/ reuse of wastewater and maximum use of sunlight. The building is compatible with solar power system installation. All common utilities are located in the centre to minimize distribution loss & centralized management.
Aside from catering to the Indian market, the factory is aimed at functioning as the production base for a predominantly African market as well as ASEAN and Latin American markets.
Speaking on the occasion, Mr. Riuji Kawashima, Deputy Managing Director, IYM, said, "This is a remarkable achievement by Yamaha. The production of one million-unit in two years showcases the increasing popularity of our brand among the Indian customers. The important milestone will serve as a major boost for business development as well as future expansion plans in India. We will continue to enhance the production facilities and contribute to the requirements of the Indian two-wheeler market."
Mr. Mukesh Kumar, Vice President, IYM, said, "This major milestone would not have been possible without the hard work and diligent efforts of our entire team from production, manufacturing, purchase, R&D and all other departments as well as the suppliers."
"In the first year, i.e., 2015, we produced 2.29 lacs unit, the very next year in 2016 we produced 4.17 lacs unit and this year, till date we have produced 3.54 lakh units. We are proud to contribute to the world's number 1 two-wheeler market. I am confident with this passion we will continue to reach new heights in future as well."
With a state-of-art facility, the Chennai Yamaha plant has achieved a significant milestone giving a boost to the country's 'Make-in-India' initiative.