Yamaha’s Proposal Cleared by the Government

The government cleared 22 foreign direct investment proposals worth Rs. 541.25 crore recommended by the Foreign Investment Promotion Board (FIPB). This includes proposal from Yamaha that included transferring of its Indian sales business to a new entity – India Yamaha Pvt. Ltd.

The Indian subsidiary of Japanese two-wheeler manufacturer Yamaha Motor India Sales Pvt. Ltd. has sought approval of the government to shift its sales operations to a new company which will be a wholly owned subsidiary of Yamaha Motor Co. Japan. Earlier this proposal was deferred by the Foreign Investment Promotion Board stating that the new company shall promote retail trading. The company later stated that it will not do any retail trading of bikes which helped to clear the proposal from the board.

The FDI proposal cleared by the government also includes proposal from Delhi-based Anant Raj Industries that has been given ex-post facto approval for issuance of warrants converted into equity shares worth Rs. 90.24 crore and Nokia to set up the first single-brand retail joint venture with HCL Infosystems to sell handsets and accessories.

• India Yamaha Motor records 40 per cent sales growth in January 2012           February 02, 2012
• Yamaha to increase production and develop new products by investing Rs. 800 crores           January 10, 2012
• Yamaha India's annual sales increase by 31.6 per cent in 2011           January 02, 2012
• Yamaha India plans to strengthen its position in the rural market           September 19, 2011
• New Yamaha R15 coming on 6th September           August 22, 2011
• Yamaha India registers 28.49 per cent surge in sales in July 2011           August 04, 2011
• Yamaha to introduce scooters in India next year           May 30, 2011
• Yamaha launches new FZ series bikes in India           May 13, 2011
• Yamaha ties-up with Deccan Chargers (DC) for season 2011           April 13, 2011
• Yamaha to establish third manufacturing plant in India           April 04, 2011
• Yamaha mulls to launch new electric bike in India           March 07, 2011
• New Yamaha FZ1 This December           November 25, 2010
• Yamaha FZ Midnight Special – Limited Edition Variant Launched           October 14, 2010
• India Yamaha Motor Pvt. Ltd. to get a new CEO           October 06, 2010
• Yamaha Re-jigs its Plan for the Indian Market           August 17, 2010