Corporate Social Responsibility (CSR) is strongly connected with the principles of sustainability; an organization should take decisions based not only on financial factors, but also on the social and environmental consequences. Therefore, it is the core corporate responsibility of India Yamaha Motor Private Limited & Yamaha Motor India Sales Private Limited (hereinafter referred to as "Group Companies") to practice its corporate values through its commitment to grow in a socially and environmentally responsible way, while meeting the interests of its stakeholders.

CSR is the continuing commitment by business to perform ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. CSR is clearly on capacity building, empowerment of communities, inclusive socio-economic growth, environment protection, promotion of green and energy efficient technologies, development of backward regions, and upliftment of the marginalized and under-privileged sections of the society.

As a corporate entity, the Company recognizes that its business activities have wide impact on the societies in which it operates, and therefore an effective practice is required giving due consideration to the interests of its stakeholders including shareholders, customers, employees, suppliers, business partners, local communities and other organizations. The Company endeavour to make CSR a key business process for sustainable development. The Company is responsible to continuously enhance shareholders wealth and it is also committed to its other stakeholders to conduct its business in an accountable manner that creates a sustained positive impact on society. The Company is committed towards aligning with nature; and has adopted eco-friendly practices.

Essentially, CSR, which is deliberate inclusion of public interest into corporate decision making by undertaking different projects for development of society, has the potential of contributing significantly in the long run to socio-economic growth in the backward regions and other sections of the society. The emerging concept of CSR goes beyond charity and requires the Company to act beyond its legal obligations and to integrate social, environmental and ethical concerns into the Company's business process.

CSR does not emanate directly from external demands but from organizationally embedded processes. These processes prompt the organization to view its relationships with stakeholders in a different perspective, which in turn influences its engagement with them. The Board of Directors of the Company has devised social responsible business practices under the general rules issued by the Ministry of Corporate Affairs for compulsory implementation of CSR activities.

Areas to be covered under CSR policy

The Company is vigilant in its enforcement towards corporate principles and is committed towards sustainable development and inclusive growth. The Company constantly strives to ensure strong corporate culture which emphasizes on integrating CSR values with business objectives. It also pursues initiative related to quality management, environment preservation and social awareness.

Arising from this the focus areas that have emerged are:

  1. Education,
  2. Health Care,
  3. Sustainable Livelihood,
  4. Infrastructure Development, and
  5. Espousing Social Causes.

The vision of the Company is "to actively contribute to the social and economic development of the communities in which it operates". In so doing build a better, sustainable way of life for the weaker sections of society and raise the country's human development index.

To attain its CSR objectives in a professional and integrated manner, followings are the activities which shall be carried out by the Company, in accordance with the provisions of Section 135 of the Companies Act, 2013 (hereinafter referred to as "the Act"), Schedule VII of the Act and the Companies (Corporate Social Responsibility Policy) Rules, 2014 (hereinafter referred to as "the Rules"):

  • Eradicating hunger, poverty and malnutrition, promoting preventive health care and sanitation including contribution to the Swach Bharat Kosh set-up by the Central Government for the promotion of sanitation and making available safe drinking water;
  • Promoting education, including special education and employment enhancing vocational skills especially among children, women, elderly and the differently abled and livelihood enhancement projects;
  • Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centres and such other facility for senior citizens and measures for reducing inequalities faced by socially and economically backward groups;
  • Ensuring environmental sustainability ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation natural resources and maintaining quality of soil, air and water including contribution to the Clean Ganga Fund set-up by the Central Government for rejuvenation of river Ganga;
  • Protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art, setting up public libraries; promotions and development of traditional arts and handicrafts;
  • Measures for the benefit of armed forces veterans, war widows and their dependents, Central Armed Police Forces (CAPF) and Central Para Military Forces (CPMF) veterans, and their dependents including widows;
  • Training to promote rural sports, nationally recognized sports, Paralympics sports and Olympics Sports;
  • Contribution to the Prime Minister’s National Relief Fund or Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) or any other fund set up by the Central Government for socio-economic development and relief and welfare of the scheduled castes, the schedules tribes, other backward classes, minorities and women;
  • Contribution to incubators or research and development projects in the field of science, technology, engineering and medicine, funded by the Central Government or State Government or Public Sector Undertaking or any agency of the Central Government or State Government;
  • Contributions to public funded Universities; Indian Institute of Technology (IITs); National Laboratories and autonomous bodies established under Department of Atomic Energy (DAE); Department of Biotechnology (DBT); Department of Science and Technology (DST); Department of Pharmaceuticals; Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH); Ministry of Electronics and Information Technology and other bodies, namely Defense Research and Development Organisation (DRDO); Indian Council of Agricultural Research (ICAR); Indian Council of Medical Research (ICMR) and Council of Scientific and Industrial Research (CSIR), engaged in conducting research in science, technology, engineering and medicine aimed at promoting Sustainable Development Goals (SDGs)
  • Rural development projects;
  • Slum area development
  • Disaster management, including relief, rehabilitation and reconstruction activities
  • Any other project, welfare activity in line with the aims and objectives specified above and within the ambit of the provisions of Section 135 of the Act read with the Rules, and duly approved by the Board of Directors of the Company;

As a part of CSR strategy, in line with the aims and objectives specified above, the scope of CSR activities would cover the following areas:

  • Education;
  • Health;
  • Drinking Water/ Sanitation;
  • Environment;
  • Community Development and Social Empowerment;
  • Generation of employment opportunities and livelihood;
  • Any other activity as may be identified by Board of Directors.

Implementation of CSR

The CSR Committee so appointed by the Board of directors of the Company shall monitor and ensure undertaking of activities as planned in accordance with this policy for the community at large. The activities would be taken up in a project mode with milestones and deadlines.

Allocation of Funds

The Company shall spend in every financial year at least 2% of the average net profits of the Company made during the three immediately preceding financial years in accordance with the provisions of sub section (5) of section 135 of the Act.

The CSR Committee will be responsible for monitoring and supervision of utilization of funds in accordance with the applicable provisions of the Act read with the Rules, towards the projects/ activities identified under this CSR policy.

If the company fails to spend such amount, the Board shall, in its report made under clause (o) of sub-section (3) of section 134, specify the reasons for not spending the amount and, unless the unspent amount relates to any ongoing project referred to in sub-section (6), transfer such unspent amount to a Fund specified in Schedule VII, within a period of six months of the expiry of the financial year.

If the company spends an amount in excess of the requirements provided under Sub Section (5) of Section 135, company may set off such excess amount against the requirement to spend under this sub-section for such number of succeeding financial years and in such manner, as may be prescribed.

Any amount remaining unspent under sub-section (5) of Section 135, pursuant to any ongoing project, fulfilling such conditions as may be prescribed, undertaken by a company in pursuance of its Corporate Social Responsibility Policy, shall be transferred by the company within a period of thirty days from the end of the financial year to a special account to be opened by the company in that behalf for that financial year in any scheduled bank to be called the Unspent Corporate Social Responsibility Account, and such amount shall be spent by the company in pursuance of its obligation towards the Corporate Social Responsibility Policy within a period of three financial years from the date of such transfer, failing which, the company shall transfer the same to a Fund specified in Schedule VII, within a period of thirty days from the date of completion of the third financial year.

Allocation to CSR Fund can be increased on the recommendation of the CSR Committee and with the approval of the Board of Directors of the Company.

The surplus arising out of the CSR activities, projects or programs shall not form part of the business profit of the Company.

Focus Areas for the year 2022:

The Company will focus its efforts in the areas of

  • Health Care
  • Vocational Education Trainings
  • Environment Sustainability
  • Rural Development

Constitution of CSR Committee

The Board of Directors of each Company (the “Board”) in its meeting constituted a committee to be known as the “Corporate Social Responsibility Committee” or “CSR Committee” and its reconstitution from time to time.


The members of the CSR Committee shall be appointed by the Board from amongst the Directors of the Company and shall consist of at least Two Directors.

The Board shall appoint a chairman of the CSR Committee (the "Chairman") and shall decide his or her period of office.

The Board shall regularly review the membership of the CSR Committee to ensure that membership is refreshed, and undue reliance is not placed on individuals as regards membership of the CSR Committee and other Board committees. Any vacancy to the CSR Committee shall be filled by the Board.

The CSR Committee may invite the 'Managing Director' or the 'Chief Accountant Officer' of the Company or such other person as it thinks fit, to advice and/ or to join meetings of the CSR Committee as and when required notwithstanding that they are not members of the CSR Committee.

Following are the members of the CSR Committee of the Company as reconstituted:

India Yamaha Motor Private Limited: [IYM]
  1. Mr. Eishin Chihana - Chairman
  2. Mr. Wataru Yamazaki - Member
  3. Mr. Yuichi Fujio - Member
Yamaha Motor India Sales Private Limited: [YMIS]
  1. Mr. Eishin Chihana - Chairman
  2. Mr. Hidefumi Kawai- Member

Role of CSR Committee

  • Formulation, development, amendment in policy framework and broad guidelines for selection of the projects, planning, budget execution and monitoring;
  • Selection of a project in accordance with policy framework and guidelines, prepare a project report along with estimated cost and send for the approval of Board;
  • Formulation of strategies for efficient implementation along with other stakeholders like civil society and implement the project as per guidelines;
  • Supervision, coordination and implementation of CSR activities/ projects;
  • Compilation of information and preparation of regular/ annual reports etc.;
  • To coordinate with various other departments for exchange of information for promotion of CSR activities and ensure harmony in activities by different agencies;
  • Submit CSR spending progress to the Board;
  • To consider and approve the projects for CSR activities and submit annual budgetary allocation among various projects;
  • To arrange workshops, training etc. to sensitize the staff for better implementation of the policy;
  • To keep up-dated CSR policy including the changes/ clarifications suggested/issued by the Ministry of Corporate Affairs and other government agencies;

Meeting of CSR Committee


Meetings shall be held at such times as the CSR Committee deems appropriate, and in any event shall be held not less than twice a year.


Quorum for the meeting of CSR Committee shall be minimum of two members. A duly convened meeting of the CSR Committee at which requisite quorum is present shall be competent to exercise all or any of the authorities, powers and discretions vested in or exercisable by the CSR Committee.


No one other than the Chairman and other members of CSR Committee are entitled to attend, be present or vote at a meeting of the CSR Committee. The Managing Director of the Company, Chief Accountant Officer, Company Secretary, Human Resource Department Head, Finance Department Head or any other member of senior management of the Company may be called upon to attend the said meeting with prior permission of the Chairman of CSR Committee or shall be able to express views at any meeting of the CSR Committee.


Unless varied by these terms of reference, meetings and proceedings of the CSR Committee will be governed by the Company's Articles of Association regulating the meetings and proceedings of the Board of directors.

Unless otherwise agreed, notice of each meeting confirming the venue, time and date, together with an agenda of items to be discussed and supporting papers, shall be sent to each member of the CSR Committee and any other person(s) required to attend the said meeting, not later than 2 days prior to the date of the meeting.

In case the Chairman of CSR Committee fails to attend or convey his non-availability at the scheduled meeting, the members present at the meeting shall elect one of them to chair the said meeting.


The CSR Committee is authorised by the Board to investigate any matter within its terms of reference at the expense of the Company. It is authorised to seek any information that it requires from any employee/ officer in order to perform its duties and all employees/ officers are directed to cooperate with any requests so made by the CSR Committee.

The CSR Committee is authorised by the Board to obtain external professional advice at the expense of the Company, wherever deemed necessary and to secure the attendance of third parties with relevant experience and expertise at meetings of the CSR Committee if it considers this necessary.

Reporting Procedures

The CSR Committee shall:

  • Report to the Board on the proceedings of each meeting held by the Committee on all matters within the scope of its duties and responsibilities;
  • Make necessary recommendations to the Board whenever it deems appropriate on any area within its ambit where action or improvement is required;
  • Report on its responsibilities and activities during the year in a CSR Report to be published at the same time as the Company's annual report and accounts;
  • Include in the Annual Report about the implementation of CSR activities including physical and financial process.
  • Reflect the CSR activities in the annual accounts of the Company under the head 'Expenditure under CSR Activities'.
  • Disclose/ display the contents of this CSR policy on the website of the Company.

Monitoring and Evaluation

The impact of the CSR activities undertaken should be quantified to the extent possible with reference to baseline data, to be created before the start of any project. Therefore, base-line surveys would be an integral part of CSR programme so that progress can be measured. Photographic record may be maintained wherever possible.

For proper and periodic monitoring of CSR activities, if considered necessary, the programmes undertaken under CSR policy may be evaluated through a suitable independent external agency and the evaluation should be both concurrent and final.


The Chairman of the CSR Committee shall attend the Annual General Meeting of the Company to answer the questions relating to CSR Committee's activities, projects, initiatives taken and its responsibilities. The Chairman should also ensure that the Company maintains good contact with shareholders about CSR matters in the same way as for other matters.

Broad Guidelines

  • Discussions and interactions with various private/ Government bodies/ Government officials may be held to identify the areas for undertaking CSR activities;
  • While identifying the CSR activities, emphasis shall be on the areas related to the business of the Company;
  • A survey may be carried out to find out the needs and requirements of community before planning a project;
  • The target beneficiaries, the local authorities, institutions etc. involved in similar activities if need be, may be consulted in the process of planning and implementation of CSR programmes;
  • Based on the need analysis survey, prepare a detailed programme report reflecting content, objectives, major milestones, time frame for implementation, budget thereof and implementing agency. The investment in CSR activity would be project based and for every project, time-frame and periodic targets would be finalized at the outset along with the modalities for the concurrent and final evaluation.
  • Ensure that that the CSR activities are in accordance with the approved policy. Activities related to sustainable development will form a significant element.
  • May assign CSR projects to NGOs/ specialized agencies under an MOU/ Agreement reflecting the mutual terms and conditions for the projected activities. The Committee should make all efforts to verify the reliability and past track record of the engaged agency and only agencies of good repute may be engaged.


This policy will be reviewed regularly and may be altered from time to time in light of legislative changes or other prevailing circumstances. Any modification/amendment to the terms of reference under this CSR policy may be carried out by members of CSR Committee with the approval of the Board.


Based on our corporate mission of “Kando Creating Company”, Yamaha Motor Group pursues “Fulfilling social responsibilities globally” as one of the management principles. In furtherance of this principle, our Parent Company Yamaha Motor Co. Ltd., Japan has signed the United Nations Global Compact that aims to eliminate corruption, and further explicitly prevents corruption in the Yamaha Motor Group Anti-Bribery Policy, the Code of Ethics, and the CSR Guidelines for Suppliers, working together with the entire supply chain of Yamaha Motor Group to combat bribery. Yamaha Motor India Group, as per the guidelines of our Parent Company, hereby establishes the Yamaha Motor India Group Anti-Bribery Policy to further promote these anti-bribery efforts on a global scale, and to contribute to the sustainable development of the countries, regions, and societies in which Yamaha Motor India Group is involved.

1. Prohibition of Bribery

Yamaha Motor India Group will not, whether directly or indirectly through third parties, engage in any bribery nor any act that may be seen as bribery with any public official (including any person equivalent to or related to a public official). Yamaha Motor India Group rejects to obtain profit from improper conducts, and when requested by any public official to provide bribery, will flatly refuse the request in accordance with the “Compliance Comes First” policy, and take appropriate measures including reporting to the relevant authorities.

2. Compliance with Anti-Bribery Laws

Yamaha Motor India Group will strive at all times to comply with any and all national and local anti-bribery laws and regulations applicable to Yamaha Motor India Group and its business activities including the Prevention of Corruption Act 1988 of India (including amendment Act 2018 thereof) and other relevant laws of similar nature.

3. Anti-Bribery Management System

Yamaha Motor India Group, in order to strengthen its anti-bribery activities, establishes and operates the Anti-Bribery Rule and its “Anti-Bribery Management System” that includes (i) the prior consultation rule that requires officers and employees to consult with a division-in-charge before providing benefits to public officials or subcontracting services to third parties that may come into contact with public officials, and (ii) the use of anti-bribery clause in designated contracts. Yamaha Motor India Group strives to continuously improve the Anti-Bribery Management System by evaluation of corrupt behaviors through the risk assessment activities, the compliance awareness surveys, and other monitoring activities conducted by the group companies.

4. Compliance System

At Yamaha Motor India Group, as part of these efforts, the Risk Management Division is appointed by the Chairman of Yamaha Motor India Group as the division-in-charge of compliance which is assisted by the Legal Department together with other officers of group companies to promote groupwide and systematic anti-bribery activities.

5. Ensuring Effectiveness

Yamaha Motor India Group conducts risk assessments and compliance awareness surveys for group companies each year to confirm the effectiveness of the compliance measures including the anti-bribery activities. Based on the results of these assessments and surveys and the social trend considerations, we periodically improve each compliance measure including the anti-bribery activities. We further ensure anti-bribery at our group companies through distribution of the Anti-Bribery Policy & Guidebook, and the anti-bribery e-learning programs, legal trainings, and HR trainings.

6. Whistle-Blowing System and Consultations

Yamaha Motor India Group maintains and operates hotlines addressing conducts of the officers and employees. The Risk Management Division is responsible for anti-bribery consultations and establishes the anti-bribery network in each division and each group company. Through these efforts, Yamaha Motor India Group aims to detect bribery concerns at an early stage and to take appropriate measures.

7. Measures Against Bribery

Upon detecting bribery concerns involving the officers and employees, Yamaha Motor India Group will promptly conduct necessary investigations, enforce disciplinary actions and other strict measures against the persons involved in accordance with the corporate rules, and take appropriate measures including reporting to the relevant authorities.

8. Business Partners

Yamaha Motor India Group asks our business partners to join efforts in preventing bribery through initiatives such as the anti-corruption measures for Dealers and Suppliers and adoption of anti-bribery clause in designated contracts. Through these efforts, the Yamaha Motor India Group and its entire supply chain join hands to combat bribery.

Established on January 1, 2021

Eishin Chihana


Yamaha Motor India Group

IYM Form MGT-7

YMI Form MGT-7



IYM Form MGT-7

YMI Form MGT-7



IYM Form MGT-7

YMI Form MGT-7




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