Yamaha Plans Second Subsidiary in India

NEW DELHI, India (Aug 23) -– The Yamaha Motor Company is planning to set up a second wholly owned subsidiary in India. The new subsidiary would co-exist with its current Indian subsidiary, Yamaha Motor India, and would engage in trading of two wheelers and parts manufactured by Yamaha Motor India. It will also engage in trading of two wheelers and products from Yamaha's global portfolio, which are currently not available in India. According to industry analysts, the establishment of the new subsidiary could be aimed at facilitating the launch of scooters in the Indian market. Yamaha has been conducting a feasibility study for rolling out scooters in India, which in the initial stages are likely to be imported from the company's plant in Thailand. The company in recent months has also hinted at the possibility of importing premium, high-powered motorcycles into India. The company's proposed subsidiary in India has also received permission from the Foreign Investment Promotion Board (FIPB) to engage in trading of other products including all-terrain vehicles, generators, multi-purpose engines, water pumps, electric hybrid bicycles, racing karts, and golf cars among other products manufactured by Yamaha Group companies outside India.