New Delhi, 8 August 2014: Yamaha Motor Co., Ltd., Japan (YMC) today announced the
completion of its India business organiz...
into an agreement with YMC to become a joint-investor in the company "India Yamaha
Motor Private Limited (IYM)". IYM's man...
Upcoming SlideShare
Loading in …5
×

Yamaha sets up Regional Control Company for India - Press Release

32,326 views
32,334 views

Published on

Yamaha sets up Regional Control Company for India - Press Release from http://indianautosblog.com

Published in: Automotive
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
32,326
On SlideShare
0
From Embeds
0
Number of Embeds
32,023
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Yamaha sets up Regional Control Company for India - Press Release

  1. 1. 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 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. 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
  2. 2. 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 Adfactors PR Pvt. Ltd Mobile: 09999975490/08588802820 Email: mansi.gupta@adfactorspr.com/amit.jha@adfactorspr.com

×