Yamaha Motor Company Japan (YMC) today, announced the completion of its India business organisation 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.
The Japanese manufacturer has appointed Hiroyuki Suzuki as the managing director of this new control company. He also heads India Yamaha Motor as a CEO & MD. He would also continue as a chairman for other Yamaha group companies in India – Yamaha Motor Sales India, Yamaha Motor Research and Development.
Yamaha Motor India will be responsible for corporate planning & strategy, business planning & business expansion, quality control, and regional control of Yamaha India Business. IYM will be the manufacturing company under the new organisation structure while YMIS & YMRI would continue to independently support IYM for sales & marketing and development of its products respectively.
“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 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.,” said Hiroyuki Suzuki.
