Thursday, February 12, 2009

Two wheeler companies plan to develop India as export base

Yamaha, the Japanese two-wheeler maker is planning to make India its export hub for engines and bikes, including shipments to the US and Japan. 

The company is also all set to increase its dealer and after-sales service network in the country.  The company will henceforth invest around Rs 240 crore in 2010-11 as it aims to have a total of 600 dealerships by 2010.

India Yamaha Motor CEO and Managing Director Yukimine Tsuji informed that India can be an export hub for the two legendary models - FZ16 and R15.

He also added that last year the company had exported about 40,000 bikes and 10,000 engines to various global operations of Yamaha, including Nepal, Sri Lanka, South Africa and Latin American countries. It is to be mentioned here that India is Yamaha’s second biggest exporter after China.

It is to be mentioned here that, India is already a global exports hub for small car for companies like Hyundai and Maruti Suzuki. Other auto-majors in the fray to make India its global export base are General Motors, Ford and Nissan.

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