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Yamaha ventures into Pakistan
Yamaha Motor President, Takashi Kajikawa made the announcement that the company will be setting up a motorcycle manufacturing facility in Pakistan, to be located at the National Industrial Park in Bin Qasim, near Karachi.
The plant is expected to be up and running by mid-2011. The company plans to assemble at least 22,000 units at its new plant by 2012, following which it will start using locally sourced components to start manufacturing bikes in that country. Mr Kajikawa has also stated that the company intends to make Pakistan a base for exports to neighboring Asian and African countries in the coming future. Come 2017, Yamaha will also start production of motorcycle engines in the country.
In India too, Yamaha is growing by leaps and bounds at an unprecedented rate. The company posted staggering growth of 160 percent in sales in September 2009 as compared to the last year. It sold 26394 units in September 2009 as against 10142 units in the same month last year with the newly launched Fazer contributing a significant part of it.
The Japanese major plans to invest at least 150 million USD into its new venture.
The plant is expected to be up and running by mid-2011. The company plans to assemble at least 22,000 units at its new plant by 2012, following which it will start using locally sourced components to start manufacturing bikes in that country. Mr Kajikawa has also stated that the company intends to make Pakistan a base for exports to neighboring Asian and African countries in the coming future. Come 2017, Yamaha will also start production of motorcycle engines in the country.
In India too, Yamaha is growing by leaps and bounds at an unprecedented rate. The company posted staggering growth of 160 percent in sales in September 2009 as compared to the last year. It sold 26394 units in September 2009 as against 10142 units in the same month last year with the newly launched Fazer contributing a significant part of it.
The Japanese major plans to invest at least 150 million USD into its new venture.
Pakistan market's existing bikes include Honda 70cc, 125cc and so on... And above that of course, Privately Sbk's are imported too.
I see a tremendous market for FZ, Gladiator and R15, although they might start with base models first...
Still, a lot of challenges are in the path, including the component import taxes, setting up the plant, etc.
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Sources: Apologies for not giving the sources earlier... Here they are:
Associated Press Of Pakistan ( Pakistan's Premier NEWS Agency ) - Yamaha to set up motorcycle manufacturing plant in Pakistan (with more details)
...rather they can come to india..
..just my opinion though..
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