On this occasion, Mr. Yasuo Ishihara, Managing Director, YMRI, said, YMRI was established in February 2013 to function as the core of the second Integrated Development Center, following the establishment of the ASEAN Integrated Development Center in Thailand in 2012. The YMRI is the fifth overseas R&D headquarters for Yamaha Motor Group following Italy, Taiwan, China and Thailand. With the aim of high local development, the company wants to accelerate its engineering and manufacturing at local market quality standards, to support the product competitiveness both within the Indian market and for exports.

The two-wheeler market in India has been growing constantly over the last decade owing to political stability & economic prosperity and the resulting employment generation. The market reached 16 million units in 2015 and is expected to continue to grow at a decent pace going forward, led by scooter segment. Yamaha has seen rapid growth in sales numbers with 2016 first half sales growth at 45% over last year.

News Source: Yamaha Motors India Press Release