Things have been moving at a fast pace for Yamaha in India. After the recent success of the R15 / FZ16 and FZS, the Indian Government recently approved Yamaha's proposal to transfer its Indian sales business to a new entity -- India Yamaha Motor Pvt Ltd.
Yamaha Motor India Sales Pvt Ltd (YMISPL) had sought approval to transfer its business to India Yamaha Motor Pvt Ltd (IYMPL), a wholly-owned subsidiary of Yamaha Motor Co, Japan.
The proposal, which does not involve fresh investments, has been approved, an official statement said.
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.
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.
Does this mean Yamaha will foray into ATV in the coming future? Unmanned helicopters too? Bring it on guys!
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