Yamaha's Chennai plant to go on stream end of 2014.

India Yamaha Motor Private Limited (IYM) has said its Chennai plant will go on stream by end of 2014. The company said due to economic slowdown, the facility was delayed by about an year.

The green field plant will attract investments to the tune of around Rs. 2,550 crore, including from vendors.

Riuji Kawashima, deputy managing director and Head of Business Expansion Group, India Yamaha Motor Pvt. Ltd. told Business Standard, 'As per original plan the plant was due to be operational from January 2014. However, due to economic slowdown it was delayed by almost a year. We are now looking at starting schedule production by end of 2014'.

The construction and commissioning work is in full swing now. The plant is expected to start production by end of the current year, with an initial capacity of 4.5 lakh units per annum. The production capacity would be ramped up in stages to 1.8 million units by 2018.


BS