Yamaha Motor Co on Friday announced a restructuring of its business in India, bringing all its group companies under one single leadership.
The company will re-start Yamaha Motor India Pvt ltd (YMI) as the regional control company for India operations. YMI would function as the regional headquarters and corporate control body of India business operations for Yamaha Motor Co (YMC), the company said in a statement.
It further said effective August 15, 2014, Hiroyuki Suzuki, CEO & Managing Director of India Yamaha Motor (IYM), has been appointed as the Managing Director of YMI.
“He would also function as 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),” the statement said.
Takashi Terabayashi, Deputy MD of IYM would be the new Managing Director of IYM, it said.
In 2008, Yamaha Motor Co announced setting up a joint venture with Mitsui Corp to produce motorcycles in India.