NEW DELHI, July 26: Yamaha Motor Research & Development India, an arm of two-wheeler major Yamaha, has set up its second R&D centre in the country with an investment of Rs 66 crore to develop models for domestic and global markets.
The new centre, which is located at Kanchipuram district of Tamil Nadu, has been established to ensure optimum utilisation of resources and focus on enhancing of the capability and capacity.
The other R&D centre is located at Surajpur (Uttar Pradesh).
“An investment of Rs 66 crore has been made to set up the center and it is part of the Rs 1,500 crore investment that Yamaha has already committed to ‘Make in India’ by 2018,” Yamaha Motor Research & Development India (YMRI) said in a statement today.
YMRI has been established by Yamaha Motor Co to provide R&D and product development services to India Yamaha Motor (IYM) for its domestic as well as export markets.
It is the fifth overseas R&D headquarters for Yamaha Motor Group following Italy, Taiwan, China, and Thailand.
“The objective of the new centre is to develop models for India and eventually, the global market,” YMRI Managing Director Yasuo Ishihara said. (AGENCIES)
Follow our WhatsApp channel