Yamaha restructures its India operartions

Yamaha has announced the completion of its India business organisation restructuring exercise with the re-start of Yamaha Motor India Pvt Ltd (YMI) as the Regional Control Company for India Operations. The company would function as the regional headquarters and corporate control body of India business operations for YMC.

Effective August 15, 2014, Hiroyuki Suzuki, CEO and Managing Director of India Yamaha Motor has been appointed as the Managing Director of YMI while he would also function as the Chairman of the other Yamaha Group companies in India – India Yamaha Motor Pvt Ltd (IYM), Yamaha Motor India Sales Pvt Ltd (YMIS) and Yamaha Motor Research and Development India Pvt Ltd (YMRI). Further, Takashi Terabayashi, Deputy MD of IYM would be the new Managing Director of IYM.

Yamaha Motor India Pvt Ltd (YMI) would be responsible for Corporate Planning and Strategy, Business Planning and Business Expansion, Quality Control, and Regional Control of Yamaha India Business. IYM would be the manufacturing company under the new organisation structure while YMIS and YMRI would continue to independently support IYM for sales and marketing and development of its products respectively.

Announcing the completion of the India business organisation restructuring, Hiroyuki Suzuki, said, “The restructuring is part of Yamaha’s mid-term plan and is aimed at improving organisational efficiency by enhancing functional focus. The objective of setting up independent vertical for Manufacturing, Sales and Marketing and R&D was to enhance the functional focus thereby excelling in these three core areas of our business. With the formation of a regional control company now, we aim to set up a strong corporate governance framework that would help in achieving the objective of being a true professional conglomerate.”

YMI along with YMIS and YMRI would function as 100 per cent subsidiaries of YMC while IYM would continue to have joint investment from YMC and Mitsui & Co., Ltd.