The move comes as the company battles with low production at the plants. The two-wheeler major is restructuring the production process at the Surajpur plant, Greater Noida.
In the April-June period, the Japanese two-wheeler produced 38,013 units seeing a decline of 84.78% when compared to the same period last year.
The two-wheeler major plans to manufacture only premium bikes R15 series, FZ series, and MT series and it has already shifted the scooter assembly line to the Chennai plant, confirmed one of the sources.We tried reaching out to Yamaha Motors India which did not respond to our query till the story being filed.Yamaha has offered transfer options to a few top-performing employees at the Surajpur plant to the Chennai plant~
So far 80 employees have been asked to leave the company and it is further planning to retrench 120 more in the coming months. However, ETAuto couldn’t verify this number independently. Beyond this company is also giving pink slips in the sales and marketing department.
According to another source, the company has offered transfer options to a few top-performing employees at the Surajpur plant to the Chennai plant.
Yamaha Motors India has been struggling with low sales and single-digit market share even before the pre-COVID era. “The company has been long struggling with a confusing product portfolio of performance motorcycles and scooters. Also, its foray into the commuter segment with Crux R did not turn out to be that conducive.” said an industry analyst.
One of the largest Yamaha dealers who wished not to be named also confirmed to ETAuto that major restructuring happening in the sales & marketing department. Most of the regional business heads have been demoted to sales managers. Also, the reshuffling of employees has taken place.
The restructuring at the Yamaha Motor India group comes at a time when it is expecting India to overtake Indonesia to emerge as its largest base in terms of production output in the next five years. Apparently, the chairman Motofumi Shitara had recently said India is the number one priority for the company worldwide.Also Read: ETAuto Exclusive: A chunk of senior executives opting for VRS at Honda Cars?
August 18, 2020 at 05:42PM
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Covid-19 Impact: Yamaha India initiates job-cuts, restructuring - ETAuto.com
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