Yamaha inducts more Indian managers
New Delhi - Yamaha Motor Company of Japan, in a revamp of its entire management team of its recently acquired Indian motorcycle venture, Yamaha Motors India, is inducting four Indian directors.
Two Indian directors--SK Taneja and Harminder Chawla--have already been appointed and two others will take charge shortly.
A top company official of the Japanese company said, the induction of Indian managers to the company's board reflected Yamaha's confidence in local talent. He added that the company was looking at a greater presence of Indian managers on Yamaha's board in India and wanted to have Indian managers at key posts of marketing and finance and was in the process of finalising names. Apart from this T Yoneda, currently incharge of quality control, will be inducted as a director on the board. This would take the board's total strength to ten. The change of guard follows the Japanese major's acquisition of Escorts' 26 per cent holding in the venture and convert YMEL into a wholly owned subsidiary.
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