Yamaha Motor Company on Friday announced the completion of its India business’ restructuring exercise, with the restart of Yamaha Motor India (YMI) as the regional control company for India operations. The company would function as the regional headquarters.
Effective August 15, Hiroyuki Suzuki, currently CEO & managing director of India Yamaha Motor (IYM), has been appointed managing director of YMI even as he functions as chairman of other Yamaha group companies in India, such as Yamaha Motor India Sales (YMIS) and Yamaha Motor Research & Development India (YMRI). Takashi Terabayashi, deputy MD of IYM, would be the new MD of IYM, said a statement.
YMI would be responsible for corporate planning and strategy, business planning and expansion and quality control and regional control of Yamaha’s India business. IYM would be the manufacturing company under the new organisation structure while YMIS and YMRI would continue to independently support the former for sales, marketing and development of products.
Announcing the completion of the 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 verticals for manufacturing, sales & marketing and R&D was to enhance 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, YMIS and YMRI would function as 100% subsidiaries of YMC while IYM would continue to have joint investment from YMC and Mitsui & Co.