Thanks to the slowdown in the economy, Yamaha India is delaying the setting up of a new plant in Chennai, worth Rs 1,500 crore by a year. The plant should start production by the end of 2014 or early 2015.
“We have decided to postpone the Chennai plant operationalization by almost a year as the economy is not doing that well. We have to follow the Indian market conditions and have our schedule accordingly,” Hiroyuki Suzuki, CEO and managing director, India Yamaha Motor said. The company has just started work at the new facility.