Categories: Business

Current fiscal to remain challenging says Yamaha

Photo: GOOGLE

Yamaha hopes for recovery in demand from next year

new Delhi. Japan's two-wheeler company Yamaha estimates that its sales will be sluggish in the current financial year due to the Kovid-19 epidemic. A senior company official said that we expect sales to increase from next financial year. The company has three manufacturing units at Surajpur in Chhattisgarh, Faridabad in Haryana and Chennai in Tamil Nadu. The company believes that demand will be weak in the current financial year, so that its production will reach the pre-Kovid-19 level in the next financial year. Yamaha has resumed its manufacturing operations since May under the Government's Standard Operating Procedures (SOPs). The company currently operates at 50 to 60 percent of its total production capacity.

"We will be able to achieve the Kovid-19 pre-production levels only in the next financial year," Ravinder Singh, senior vice-president of Yamaha Motor India Sales, told PTI. "Long-term lockdown , Sales will be sluggish this year due to manufacturing operations and supply chain bottlenecks and social gaps. "However, sales will start improving from next financial year. Sales in 2020 will be the lowest in the past decade. "Singh said that critical work, such as welding, painting, casting and molding, is an issue of shortage of skilled manpower. However, the company has managed the issue better by continuously training its existing workforce.

This post was published on August 30, 2020 5:16 pm

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