Exports are expected to grow by 25% this year, making the Chennai factory a global hub: Yamaha Motor India

Japanese two-wheeler Yamaha expects exports from India to grow 25 percent this year and is making its Chennai plant the export hub for the global market, especially to advanced countries, a top company official said. The company, which exports from India to around 55 countries, will explore more international markets in a bid to increase exports from India, Yamaha Motor Co Ltd Senior Executive Officer and Chairman of Yamaha Motor India Group Itaru Otani told PTI.

“We are trying to achieve big growth, for example 25 percent this year on exports,” he said when asked how the company is looking at its exports from India this year.

India Yamaha Motor Pvt Ltd had posted a 33.4 per cent growth in exports at 2,95,728 units in 2024-25 compared to 2,21,736 units in 2023-24.Sharing the company’s export strategy, Otani said, “Yamaha’s plant in Chennai will be the export hub for global markets, especially to advanced countries like the US, Europe and then Japan.”

As a first step, the company started exporting to Europe last year, he said. He added that it was a success and Yamaha continues to invest in the Chennai factory to meet global standards. Yamaha exports a range of models from its Chennai plant in Tamil Nadu, including FZ V2 (149 cc), FZ V3 (149 cc), FZ V4 (149 cc), Crux (106 cc), Saluto (110 cc), Aerox 155 (155 cc), Ray ZR 125 Fi Hybrid (125 cc) and Fascino 125 Fi Hybrid (125 cc). The company also exports from its other manufacturing unit at Surajpur in Uttar Pradesh.

“We currently export to 55 countries. In total, we are targeting export growth of 25 percent (this year),” Otani said.

Asked if Yamaha is exploring new markets to increase exports, he said: “We are in the process of planning, including the advanced countries.”

The company continues to explore other markets where there is potential for its products and where there is demand, it will certainly consider those markets as well, Otani noted.