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Yamaha shifts sales biz to India Yamaha Motor Pvt Ltd

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Yamaha Motor India Sales Pvt Ltd (YMISPL) will soon transfer its business to India Yamaha Motor Pvt Ltd (IYMPL), a wholly-owned subsidiary of Yamaha Motor Co, Japan.

The changes will take place at the earliest with the government’s approval to Japanese two-wheeler major Yamaha's proposal to transfer its Indian sales business to a new entity i.e. India Yamaha Motor Pvt Ltd.

It is to be mentioned here that Yamaha's proposal had been deferred earlier by the FIPB following objections raised by industry ministry saying that allowing import would lead to retail trading.

However, the board later cleared it after Yamaha said there would be no retail trading.

In its application, YMISPL had sought to transfer its business, including sales of two-wheelers not only manufactured in India but also imported from Yamaha group companies outside, along with other products such as all terrain vehicles, generators, golf carts and unmanned helicopters.

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Posted by Nilakshi Handique on 28 April, 2009 2:32:29 PM IST #