Yamaha sets up Regional Control Company for India - Press Release
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 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 & 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
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.
About India Yamaha Motor Pvt. Ltd.
Yamaha made its initial foray into India in 1985. In August 2001, Yamaha Motor India became
a 100% subsidiary of Yamaha Motor Co., Ltd, Japan (YMC). In 2008, Mitsui & Co., Ltd. entered
Yamaha sets up Regional Control Company for India
Gears up for next level of growth with the completion of India business restructuring
into an agreement with YMC to become a joint-investor in the company "India Yamaha
Motor Private Limited (IYM)". IYM's manufacturing facilities comprise of 2
State-of-the-art Plants at Surajpur (Uttar Pradesh) and Faridabad (Haryana). The
infrastructure at both the plants supports production of motorcycles and parts for the
domestic as well as overseas markets.
With a strong workforce of more than 2,300 employees, IYM is highly customer-driven and
has a countrywide network of over 1200 customer touch-points including 400 dealers.
Presently, its product portfolio includes YZF-R15 Version 2.0 (150cc), Fazer (153cc), FZ-S
(153cc), FZ-S FI Version 2.0 (149 cc), FZ (153cc), FZ FI Version 2.0 (149 cc), SZ-S & SZ-RR
(153cc), SS125 (123cc), YBR125 (123cc), YBR110 (106cc), Crux (106cc) and Scooters Ray
(113cc), Ray Z (113cc) and Alpha (113 cc). Its import portfolio includes VMAX (1,679cc),
YZF-R1 (998cc) and FZ1 (998cc).
For more information contact:
Mansi Gupta/Amit Jha
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