Stock advisory Company, Yamaha to invest over Rs 200 crore in Chennai plant

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Japanese group Yamaha plans to invest more than Rs 200 crore in its two-wheeler plant near here, a statement from India Yamaha Motor said on Friday.

"Yamaha has so far invested Rs 1,300 crore in the Chennai factory and plans to invest over Rs 200 crore more by 2018. The Chennai factory is the first in the Yamaha Motor group with a vendor park in its vicinity," the statement said.

The vendor park has nine vendors, who have invested Rs 760 crore to date, employing more than 1,900 people, India Yamaha Motor said.

On Friday, the company reached a major milestone of producing its one-millionth unit at the Chennai plant.