Yamaha Japan effects corporate restructure at India operations

Yamaha Motor Corporation (YMC) of Japan has made some key personnel announcements in India as part of its corporate restructuring exercise. Yamaha Motor India (YMI) will now be the regional control company for India operations and will function as the regional headquarters and corporate control body of India business operations for YMC.

Hiroyuki Suzuki, currently CEO and MD of India Yamaha Motor, has been appointed managing director of YMI. He will also be the chairman of the other Yamaha Group companies in India – India Yamaha Motor (IYM), Yamaha Motor India Sales (YMIS) and Yamaha Motor Research & Development India (YMRI). Further, Takashi Terabayashi, deputy MD of IYM, is to be the new managing director of IYM. The appointments are effective from August 15.

Under the new organisation structure, YMI will be responsible for corporate planning and strategy, business planning and business expansion, quality control, and regional control of Yamaha India business. While IYM will be the manufacturing company, YMIS and YMRI would continue to independently support IYM for sales and marketing and product development respectively.

Announcing the India business organisation 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 vertical for Manufacturing, Sales & Marketing and R&D is 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.”

YMI along with YMIS and YMRI would function as 100 percent subsidiaries of YMC while IYM would continue to have joint investment from YMC and Mitsui & Co., Ltd.India Yamaha Motor is building its third facility in Tamil Nadu, slated to begin operations later in the year. This will join Yamaha’s two other units at Surajpur in Uttar Pradesh and Faridabad in Haryana.

Yamaha Motor India sold 50,286 units in July, up 35 percent over 37,026 units sold in the year-earlier month.

Photograph: Hiroyuki Suzuki, CEO and MD of India Yamaha Motor.