Restructuring…
Yamaha’s massive restructuring plan begins when Ishikawa who was appointed as the head of Yamaha’s indian operation will get a leap at the expo. Yamaha Motor Co global president Takashi Kajikawa who is visiting india for the expo is likely to announce the final investments sanctioned by the parent firm in the local unit. He would also announce Yamaha Motor India new initiatives during his visit for the expo. Kajikawa would also elaborate on new marketing initiatives, corporate structure and product pipeline for YMI in the near future.
new subsidiary
Yamaha also plans to diversify its Indian operation by forming a new subsidiary, Yamaha plans to form a new company which will be a 100% subsidiary of Yamaha Japan. Yamaha is believed to be investing Rs 250 crore to set up the new subsidiary which will import high-end super bikes and specialty vehicles like snow mobiles, golf carts and all terrain vehicles. Infact, Yamaha has already applied to the foreign investment promotion board (FIPB) to register a new firm. Yamaha will write off losses of Yamaha Motor India on account of restructuring.
change of guard:
Ishikawa, managing director of Yamaha Motor India who came to India about two years ago will head North America to head the recreational vehicle business in North America. Ishikawa a turn around man appointed as the head of Indian Yamaha’s Indian operation after having revived the bike maker’s fortunes in Thailand. During his Indian tenure,Ishikawa streamlined manufacturing and was responsible for introducing a productivity-based labour agreement for its employees, the first in the industry. He was also responsible for launching two superbikes from Yamaha’s global portfolio – 1,000 cc YZF R1 and 1,680 cc MT01 in india.Yamaha will announce the new CEO for its indian operation on January 10.