Chennai, July 26 (IANS) Japanese automotive group Yamaha on Tuesday announced that it has set up its second research and development (R&D) centre in India at an outlay of Rs 66 crore.
The Yamaha Motor Research & Development India Pvt Ltd (YMRI), in a statement here, said that new centre is located in the premises of India Yamaha Motor's plant in Kanchipuram district, Tamil Nadu near here.
"The new centre has been established to ensure optimum utilisation of resources at both the locations and focus towards the enhancement of the capability and the capacity," it said.
The Rs 66 crore investment made to set-up the R&D centre is part of the Rs 1,500 crore investment that Yamaha has already committed to 'Make in India' by 2018, the statement added.
"The objective of the new centre is to develop models for India and eventually, the global market. The Chennai centre shall be the second main pillar for YMRI. By collaboration with the current development power in Surajpur centre, we aim to strengthen more of the cost reduction and attractive product development in the Chennai centre," the statement quoted YMRI Managing Director Yasuo Ishihara as saying.
