Yamaha Motors India on Thursday said it will invest Rs 400 crore (Rs 4 billion) in the next three years to expand operations and for setting up a new manufacturing plant.
The company, a wholly-owned subsidiary of Japan's Yamaha Motor Company, said the investments would be through issue of fresh equity and increase in working capital.
The bikemaker also plans to launch scooters in India and a feasibility study is currently going on, Yamaha India CEO and managing director H Yanagi told reporters in New Delhi.
Yanagi said Yamaha India is eyeing to double its share in the highly competitive motorcycle market in the next three years to 10 per cent.
The new manufacturing plant would have a capacity of 500,000 units and would make India the company's manufacturing hub for exports to Europe and South-east Asia, he said.
