Yamaha Motor Company (YMC), Japan has announced that it has completed the India business organisation restructuring exercise and will start Yamaha Motor India (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.
Hiroyuki Suzuki, CEO & Managing Director of India Yamaha Motor will take over as the Managing Director of YMI effective August 15, 2014, 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, Takashi Terabayashi, Deputy MD of IYM would be the new Managing Director of IYM.
Yamaha Motor India will handle the 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.
Speaking about the completion of the India business organization restructuring, 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.”
Suzuki added, “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.”