Gears up for next level of growth with the completion of India business restructuring
New Delhi, 8 August 2014: Yamaha Motor Co., Ltd., Japan (YMC) today announced the completion of its India business organization 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, Mr. Hiroyuki Suzuki, CEO & Managing Directorof India Yamaha Motor has been appointed as the Managing Director of YMIwhile 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 & Development India Pvt. Ltd. (YMRI). Further, Mr. 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 & Strategy, Business Planning & Business Expansion, Quality Control, and Regional Control of Yamaha India Business. IYM would be the manufacturing company under the new organization structure while YMIS & YMRI would continue to independently support IYM for sales & marketing and development of its products respectively.
Announcing the completion of the India business organization restructuring,Mr. Hiroyuki Suzuki said, “The restructuring is part of Yamaha’s mid-term plan and is aimed at improving organizational efficiency by enhancing functional focus. The objective of setting up independent vertical for Manufacturing, Sales & 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% subsidiaries of YMC while IYM would continue to have joint investment from YMC and Mitsui & Co., Ltd.