Yamaha Motor India adopts cautious EV stance due to imported battery cells
Yamaha Motor India is taking a cautious approach to aggressive expansion in India’s electric two-wheeler market, citing heavy dependence on imported lithium-ion battery cells, compressed profit margins, and supply chain constraints. Yamaha says its ~3% market share doesn’t reflect competitiveness, as it avoids the commuter segment. The company is scaling India’s R&D and runs an engineering exchange with Japan.