Yamaha Motor sets up control company for India

Restructuring is part of Yamaha's mid-term plan for growth

Japanese firm Yamaha Motor Company said it had restructured its India business. Now, Yamaha Motor India (YMI) will take care of its India operations.

Hiroyuki Suzuki, chief executive and managing director (MD) of India Yamaha Motor (IYM), has been appointed as MD of YMI. He will function as chairman of the other Yamaha group of companies in India, which include IYM, Yamaha Motor India Sales  and Yamaha Motor Research & Development India.  

Suzuki said, “The restructuring is part of Yamaha’s mid-term plan aimed at improving organisational efficiency.”

The objective of setting up independent vertical for manufacturing, sales and marketing and research and development was to enhance the functional focus thereby excelling in these three core areas of the company’s business, he said.

“With the formation of a regional control company, we aim to set up a strong corporate governance framework to help achieve the objective of being a professional conglomerate,” he said.

Takashi Terabayashi, deputy MD of IYM, has been elevated to MD.

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, it added.

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, said the company statement.