Yamaha Fy19

India Yamaha Motor Private Limited
Standalone Financial Statements for period 01/01/2018 to 31/12/2018
[700300] Disclosure of general information about company

Unless otherwise specified, all monetary values are in INR
01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
India Yamaha Motor
Name of company Private Limited
Corporate identity number U34200DL2007PTC169496
Permanent account number of entity AABCI7552F
First Floor,The Great
Eastern Centre,70 , Nehru
Address of registered office of company Place, Behind Ifci Tower
, New Delhi , DELHI , INDIA
- 110019
Commercial and
Type of industry Industrial
Date of board meeting when final accounts were approved 25/01/2019
Date of start of reporting period 01/01/2018 01/01/2017
Date of end of reporting period 31/12/2018 31/12/2017
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Actual
Type of cash flow statement Indirect Method
Whether company is maintaining books of account and other relevant
No
books and papers in electronic form
Disclosure of principal product or services [Table] ..(1)

Types of principal product or services [Axis] 1
01/01/2018
to
31/12/2018
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code 8711
MOTORCYCLES
(INCLUDING
MOPEDS) AND
CYCLES FITTED
Description of product or service category WI TH AN
AUXILIARY
MOTOR, WITH
OR WITHOUT
SIDE-CARS
Turnover of product or service category 6,274,05,79,767
Highest turnover contributing product or service (ITC 8 digit) code 87112029
Motorcycles and
Description of product or service Parts
Turnover of highest contributing product or service 6,274,05,79,767
India Yamaha Motor Private Limited Standalone Financial Statements for period 01/01/2018 to 31/12/2018
[700600] Disclosures - Directors report
Details of principal business activities contributing 10% or more of total turnover of company [Table] ..(1)
Product/service 1
Principal business activities of company [Axis]
[Member]
01/01/2018
to
31/12/2018
Details of principal business activities contributing 10% or more of total turnover of company [Abstract]
Details of principal business activities contributing 10% or more of total turnover of company
[LineItems]
Motorcycles and
Name of main product/service Parts
Motorcycles and
Description of main product/service Parts
NIC code of product/service 2910
Percentage to total turnover of company 100.00%
Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Material contracts/arrangements/transactions at arm's length basis
01 02 03 04
[Axis]
01/01/2018 01/01/2018 01/01/2018 01/01/2018
to to to to
31/12/2018 31/12/2018 31/12/2018 31/12/2018
Details of material
contracts/arrangements/transactions at arm's
length basis [Abstract]
Details of material
length basis [LineItems]
Yamaha Motor
Yamaha Motor Co. Yamaha Motor Asia
Name of related party Ltd., Japan
Mitsui & Co. Ltd.
Pte Ltd.
India Private
Limited
Body corporate
whose Board of
Directors, managing
director or manager
is accustomed to act Fellow Subsidiary Fellow Subsidiary
Nature of related party relationship Holding company
in accordance with company company
the advice,
directions or
instructions of a
director or manager
Enterprise with
significant influence Sale of Goods and
Description of nature of material over the Company- Services, Purchase L e g a l and
Textual information
contracts/arrangements/transactions with (1) [See below]
Income Tax on of Raw Material and Professional
related party Expatriates Salary, Spares and Traded Charges
Reimbursement of Goods
expenses (net)
Duration of material
01.01.2018– 01.01.2018 – 01.01.2018 – 01.01.2018 –
contracts/arrangements/transactions with 31.12.2018 31.12.2018 31.12.2018 31.12.2018
related party
2

05 06 07 08
[Axis]
01/01/2018 01/01/2018 01/01/2018 01/01/2018
to to to to
31/12/2018 31/12/2018 31/12/2018 31/12/2018
Details of material
Details of material
Yamaha Motor
Yamaha Motor Yamaha Motor
Research and Yamaha Motor Asia
Name of related party India Sales Private
Development India Pte Ltd.
Distribution Latin
Limited America
Private Limited
Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
Nature of related party relationship company company company company
Interest Expense,
Warranty Claims
Legal and Legal and
Description of nature of material (Net), Computer
Professional Professional
Repair and Sale of Goods and
contracts/arrangements/transactions with Charges, Charges,
Maintenance Services
related party Reimbursement of Reimbursement of
Charges,
Expenses (Net) Expenses (Net)
Reimbursement of
expenses (net)
01.01.2018 – 01.01.2018 – 01.01.2018 – 01.01.2018 –
related party

09 010 011 012
[Axis]
01/01/2018 01/01/2018 01/01/2018 01/01/2018
to to to to
31/12/2018 31/12/2018 31/12/2018 31/12/2018
Details of material
Details of material
Yamaha Motor PT. Yamaha
Yamaha Motor S u n w a r d
Name of related party Phillippines Inc.
Distribution
International Inc.
Indonesia Motor
Singapore Pte. Ltd. Manufacturing
Sale of Goods and
Services, Purchase Sale of Goods and
of Raw material and Sale of Goods and Services, Purchase
Description of nature of material Spares, Purchase of Services, Purchase of Raw material and
Sale of Goods and
contracts/arrangements/transactions with Services
Fixed Assets, of Raw material and Spares, Warranty
related party Technical Guidance spares, Warranty C l a i m ,
Fee, Repair and Claim Reimbursement of
Maintenance Expenses
Expenses
01.01.2018 – 01.01.2018 – 01.01.2018 – 01.01.2018 –
related party
3

013 014 015 016
[Axis]
01/01/2018 01/01/2018 01/01/2018 01/01/2018
to to to to
31/12/2018 31/12/2018 31/12/2018 31/12/2018
Details of material
Details of material
Yamaha Motor
CFAO Yamaha Yamaha Motor Do Incolomotors
Name of related party Motor Nigeria Ltd. Brasil Ltd. Yamaha
Solutions (India)
Private Limited
Rental Income,
Purchase of Fixed
Assets, Consultancy
Description of nature of material Sale of Goods and Charges, Computer
Sale of Goods and Sale of Goods and
contracts/arrangements/transactions with Services Services
Services, Warranty maintenance,
related party Claim Advertisement and
Sales,
Reimbursement of
Expenses
01.01.2018 – 01.01.2018 – 01.01.2018 – 01.01.2018 –
related party

017 018 019 020
[Axis]
01/01/2018 01/01/2018 01/01/2018 01/01/2018
to to to to
31/12/2018 31/12/2018 31/12/2018 31/12/2018
Details of material
Details of material
Yamaha Motor PT. Yamaha Motor
Name of related party (China) Co. Ltd.
Electronics India
Taiwan Trading
Electronics
Private Limited Indonesia
Description of nature of material Purchase of raw
Purchase of Raw Purchase of Raw Purchase of Raw
contracts/arrangements/transactions with material and spares
material and Spares material and Spares material and Spares
related party & traded goods
01.01.2018 – 01.01.2018 – 01.01.2018 – 01.01.2018 –
related party
4

021 022 023 024
[Axis]
01/01/2018 01/01/2018 01/01/2018 01/01/2018
to to to to
31/12/2018 31/12/2018 31/12/2018 31/12/2018
Details of material
Details of material
Yamaha Motor
Sichuan Huachuan Yamaha Motor Yamaha Motor
Name of related party Yamaha Motor Parts
Electronics
Australia Vietnam Co. Ltd.
(Thailand) Co. Ltd.
Description of nature of material
Purchase of Raw Purchase of Raw
contracts/arrangements/transactions with material and Spares material and Spares
Warranty Claim Warranty Claim
related party
01.01.2018 – 01.01.2018 – 01.01.2018 – 01.01.2018 –
related party

025 026 027 028
[Axis]
01/01/2018 01/01/2018 01/01/2018 01/01/2018
to to to to
31/12/2018 31/12/2018 31/12/2018 31/12/2018
Details of material
Details of material
P.T. Yamaha Motor Yamaha Motor
Yamaha Motor CFAO Yamaha
Name of related party Europe N.V.
Parts Manufacturing Asian Centre Co.
Motor Nigeria Ltd.
Indonesia Ltd
Description of nature of material Training and
Advertisement and C o u r s e s , Reimbursement of Advance received
contracts/arrangements/transactions with Sales Reimbursement of Expenses from debtors
related party Expenses
01.01.2018 – 01.01.2018 – 01.01.2018 – 01.01.2018 –
related party
Details of directors signing board report [Table] ..(1)

Directors signing board report [Axis] 1
01/01/2018
to
31/12/2018
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director Motofumi
Last name of director Shitara
Designation of director Managing Director
Director identification number of director 08048248
Date of signing board report 20/02/2019
5

01/01/2018
to
31/12/2018
Textual information (2)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Description of state of companies affair [See below]
Disclosure relating to amounts if any which is proposed to carry to any Textual information (4)
reserves [See below]
Disclosures relating to amount recommended to be paid as dividend [See below]
Details regarding energy conservation [See below]
Details regarding technology absorption [See below]
Details of Foreign
Exchange Earning and
Outgo are disclosed in
Details regarding foreign exchange earnings and outgo Notes of Financial
Statements for the year
ended December 31, 2018.
Disclosures in director’s responsibility statement [See below]
Details of material changes and commitment occurred during period Textual information (9)
affecting financial position of company [See below]
Particulars of loans guarantee investment under section 186 [TextBlock] [See below]
Particulars of contracts/arrangements with related parties under section Textual information (11)
188(1) [TextBlock] [See below]
Details of contracts/arrangements/transactions not at arm's length
basis [Abstract]
Whether there are contracts/arrangements/transactions not at arm's
No
length basis
Details of material contracts/arrangements/transactions at arm's
Whether there are material contracts/arrangements/transactions at
Yes
arm's length basis
Date of board of directors' meeting in which board's report referred
20/02/2019
to under section 134 was approved
Disclosure of extract of annual return as provided under section 92(3) Textual information (12)
[TextBlock] [See below]
Details of principal business activities contributing 10% or more
of total turnover of company [Abstract]
Particulars of holding, subsidiary and associate companies [Abstract]
India Yamaha Motor
Name of company Private Limited
Details of shareholding pattern of top 10 shareholders [Abstract]
Disclosure of statement on declaration given by independent directors
Not Applicable
under section 149(6) [TextBlock]
Reappointment of independent directors as per section 149(10) [TextBlock] Not Applicable
Disclosure for companies covered under section 178(1) on
directors appointment and remuneration including other matters Not Applicable
provided under section 178(3) [TextBlock]
Disclosure of statement on development and implementation of risk Textual information (13)
management policy [TextBlock] [See below]
Details on policy development and implementation by company on
corporate social responsibility initiatives taken during year [See below]
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Disclosure of financial summary or highlights [TextBlock] [See below]
Disclosure of change in nature of business [TextBlock] No Change
Details of directors or key managerial personnels who were Textual information (16)
appointed or have resigned during year [TextBlock] [See below]
Disclosure of companies which have become or ceased to be its
subsidiaries, joint ventures or associate companies during [See below]
year [TextBlock]
Details relating to deposits covered under chapter v of companies act Textual information (18)
Details of deposits which are not in compliance with requirements
Not Applicable
of chapter v of act [TextBlock]
Details of significant and material orders passed by
regulators or courts or tribunals impacting going concern [See below]
status and company’s operations in future [TextBlock]
Details regarding adequacy of internal financial controls with Textual information (20)
reference to financial statements [TextBlock] [See below]
6
Disclosure of contents of corporate social responsibility policy Textual information (21)

Disclosure of appointment and remuneration of director or Textual information (22)
managerial personnel if any, in the financial year [TextBlock] [See below]
Details of remuneration of director or managerial personnel [Abstract]
Number of meetings of board [pure] 6
Details of signatories of board report [Abstract]
Name of director signing board report [Abstract]
Description of nature of material contracts/arrangements/transactions with related party

Sales of Goods and Services, Purchase of Raw Material and Spares and Traded Goods, Purchase of Fixed Assets, Royalty Fee, Technical
Know-How, Interest Expense, Technical Guidance Fee, Guarantee Fee, Design and Development Expenses, Computer Repair and
Maintenance Charges, Warranty Claim (Net), Advertisement and Sales Promotion Charges, Training and Courses, EHS Expense,
Reimbursement of Expenses (Net), Advance Received from Debtors
7
Disclosure in board of directors report explanatory [Text Block]

INDIA YAMAHA MOTOR PRIVATE LIMITED
BOARD’S REPORT
To The Members,
Your Directors are pleased to present the Tenth Annual Report on the business and operations of your Company along with the Audited
Accounts for the year ended December 31, 2017.
1. FINANCIAL RESULTS
The summarized financial results for the year ended December 31, 2017 are as under:
(Rs. in crores)
For the year ended December

Particulars For the year ended December 31, 2017
31, 2016
(Standalone)
(Standalone)
Revenue from operations 5,802.14 5,601.13
Other income 229.86 81.45
TOTAL
6,032.00 5,682.58
Profit/ (Loss) before Interest and
Depreciation 345.90 267.46
Interest/ Financial charges
Depreciation/Amortizations/ Provision for (91.24) (80.52)
impairment (242.38) (211.11)
Profit/ (Loss) before tax

12.28 (24.17)
Provision for taxation

Current Tax
0.00 0.00
Deferred Tax
(3.04) 13.82
Profit/ (Loss) for the year

9.24 (10.35)
Prior period expenses
0.00 0.00
Add:Balance of (Loss) brought forward
(263.42) (253.07)
Add: Adjustment due to change in
depreciation policy
0.00 0.00
Less: Adjusted against Capital Reduction
0.00 0.00
Profit/(Loss) available for appropriation

(254.18) (263.42)
APPROPRIATIONS:
Proposed Dividend
Nil Nil
General Reserve
Nil Nil
Balance carried to Balance Sheet

(254.18) (263.42)
2. REVIEW OF OPERATIONS
Your Company achieved Domestic Turnover of Rs. 4,491.93 Crores (Previous Year: Rs. 4,488.13 Crores) and Export Turnover of Rs.
1,293.63 Crores (Previous Year: Rs. 1,093.72 Crores) during the year under review. The Company incurred Profit of Rs. 9.24 Crores during
the year under review as against loss of Rs. 10.35 Crores incurred in previous year.
3. FUTURE PLANS
The Company shall make efforts to continue to maintain profitability in the coming year. Directors are making efforts to comply fully with
applicable laws, regulations, rules, social and corporate standards of ethics, and the Basic Corporate Behavior Regulations.
4. DIRECTORS AND KEY MANAGERIAL PERSONNEL
8
Mr. Hiroyuki Seto resigned from the directorship of the Company on April 17, 2017. Thereafter, pursuant to Section 152 of the Companies
Act, 2013. Mr. Hiroyuki Seto was appointed as Director of the Company on May 15, 2017.
Mr. Hitoshi Inagaki and Mr. Noriyuki Moriyama resigned from the directorship of the Company on June 30, 2017 and July 21, 2017
respectively which were taken on record by the Board of Directors on July 1, 2017 and July 22, 2017 respectively.
Mr. Toru Yamaguchi and Mr. Tatsuo Hirase were appointed as an Additional Directors of the Company pursuant to Section 161 of the
Companies Act, 2013 on July 1, 2017 and July 22, 2017 respectively. There are proposals for confirmation of appointment of Mr. Toru
Yamaguchi and Mr. Tatsuo Hirase as Directors of the Company in the forthcoming Annual General Meeting of the Company.
Further, Mr. Yasutaka Suzuki was appointed as an Additional Director of the Company by the Board of Directors on February 21, 2018 to
hold office until the date of next Annual General Meeting of the Company, subject to allotment of Directors Identification Number (DIN).
Since DIN was allotted to Mr. Yasutaka Suzuki on April 9, 2018, therefore appointment of Mr. Yasutaka Suzuki became effective from April
9, 2018. There is a proposal for confirmation of appointment of Mr. Yasutaka Suzuki as Director of the Company in the forthcoming Annual
General Meeting of the Company.
After close of the year under review, Mr. Motofumi Shitara was appointed as an Additional Director of the Company on January 24, 2018.
Whereas Mr. Hiroaki Fujita resigned from the directorship of the Company on January 17, 2018 which was taken on record by the Board of
Director in its meeting held on January 24, 2018.
Mr. Hiroyuki Seto resigned from the directorship of the Company on February 13, 2018 which was taken on record by the Board of Directors
of the Company in its meeting held on February 21, 2018.
Mr. Takashi Terabayashi resigned from the directorship of the Company on April 9, 2018 which was taken on record by the Board of
Directors in its meeting held on April 18, 2018.
Pursuant to Section 196 of the Companies Act, 2013, Mr. Motofumi Shitara has been appointed as Managing Director of the Company on
April 18, 2018.
5. PUBLIC DEPOSIT
Your Company has not accepted any Deposit under Sections 73, 74 and 76 of the Companies Act, 2013 during the financial year ended
December 31, 2017 and there is no overdue deposit outstanding on the said date.
6. DETAILS OF BOARD MEETINGS HELD DURING THE YEAR
The Board of Directors duly met 6 times on 08.02.2017, 09.03.2017, 17.03.2017, 15.05.2017, 23.08.2017 and 27.11.2017 in respect of which
meetings, proper notices were given and the proceedings were properly recorded and signed in the Minutes Book maintained for the purpose.
7. DIRECTORS’ RESPONSIBILITY STATEMENT
As required under Section 134(5) of the Companies Act, 2013, your Directors confirm that:
a) In the preparation of Annual Accounts, the applicable Accounting Standards have been followed along with proper explanation relating
to material departures;
b) Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit of the
Company for the year under review;
c) Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of
the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities.
d) The Directors have prepared the Annual Accounts on a ‘going concern’ basis.
e) The Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were
adequate and operating effectively. Pursuant to Section 134(3)(ca) of the Companies Act, 2013, no fraud has been reported by the Auditors
of the Company.
8. AUDITORS
M/s S.R. Batliboi & Co. LLP, Chartered Accountants (Firm Registration No. 301003E) were appointed as Statutory Auditors of the
Company to hold office until the conclusion of Tenth Annual General Meeting. The term of said appointment of M/s S.R. Batliboi & Co.
LLP, Chartered Accountants, would be completed in forthcoming Annual General Meeting of the Company.
In view of the above and pursuant to the provisions of Section 139 of the Companies Act, 2013, there is a proposal to appoint M/s Narendra
Singhania & Co., Chartered Accountants (Firm Registration Number: 009781N) as Statutory Auditors of the Company in the place of M/s
S.R. Batliboi & Co. LLP, Chartered Accountants (whose tenure shall expire at the ensuing Annual General Meeting) for a term of five
consecutive years to hold office from the conclusion of the Tenth Annual General Meeting until the conclusion of the Fifteenth Annual
General Meeting, subject to ratification of their appointment at every intervening Annual General Meeting of the Company, at a
remuneration that may be decided by the Board of Directors in consultation with the Auditors.
The Company has received a letter from M/s Narendra Singhania & Co., Chartered Accountants (Firm Registration Number: 009781N) to
the effect that their appointment would be in compliance with the provisions of Section 139 and Section 141 of the Companies Act, 2013.
9
The observations of the Auditors are explained wherever necessary in appropriate Notes to the Accounts.
9. LOANS, GUARANTEES AND INVESTMENTS BY COMPANY
Your Company has not given any loan or provided any guarantee to any person or other body corporate or made any investment under
Section 186 of the Companies Act, 2013.
10. RELATED PARTY TRANSACTIONS
Details of Related Party Transactions prescribed in Form – AOC-2 are enclosed to this Report.
11. TRANSFER TO RESERVES
During the year under review, the Company has not transferred any amount to reserves.
12. DIVIDEND
The Directors have decided not to pay any dividend and retain its earnings for the development and expansion of business.
13. BUY BACK OF SHARES
Your Company has not made any offer to Buy Back its shares.
14. MATERIAL CHANGES AND COMMITMENTS
No such material changes and commitments occurred between the end of the financial year of the Company to which the financial statements
relate and as on the date of the report which affected the financial position of the Company.
15. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO
The details of Conservation of Energy, Technology Absorption and Foreign Exchange Earning and Outgo pursuant to Section 134(3)(m) of
the Companies Act, 2013 read with Companies (Accounts) Rules, 2014 is annexed herewith as Annexure A and forms part of this Report.
16. ORDERS PASSED BY THE REGULATORS OR COURTS
No orders have been passed by the regulators or courts or tribunals, which may impact the going concern status and Company’s operations in
future.
17. INTERNAL FINANCIAL CONTROLS
The Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial
controls over financial reporting were operating effectively as at December 31, 2017, based on the internal control over financial reporting
criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal
Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.
18. CORPORATE SOCIAL RESPONSIBILITY (CSR)
As per the provisions of Section 135 of the Companies Act, 2013, the Board of directors has duly constituted Corporate Social Responsibility
committee of the Board of Directors. During the year under review, the CSR Committee of the Board was reconstituted on August 23, 2018,
which comprises of following members:
1. Mr. Riuji Kawashima – Chairman of the Committee & Director;

2. Mr. Takashi Terabayashi – Member of the Committee & Managing Director; and
3. Mr. Toru Yamaguchi – Members of the Committee & Director.
The Company earned profit during the year under review. However, considering the substantial loss during the last three financial years, the
Company is currently not required to make CSR contribution.
10
19. MANAGERIAL REMUNERATION
Mr. Noriyuki
Mr. Takashi Terabayashi Mr. Hitoshi Inagaki Mr. Tatsuo Hirase
Name of Moriyama Mr. Riuji
(Resigned on April 9, (Resigned on (Appointed on
employee (Resigned on Kawashima
2018) 01.07.2017) 22.07.2017)
22.07.2017)
Designation Managing Director Director Director Director Director
Remuneration Rs.
Rs. 1,86,71,007/- Rs. 94,47,165/- Rs. 18,59,963/- Rs. 24,15,382/-
Received 1,90,25,854/-
Nature of
Contractual Contractual Contractual Contractual Contractual
Employment
As per As per
Other terms As per employment As per employment As per employment
employment employment
and conditions agreement agreement agreement
agreement agreement
Nature of Management of the Management of the Management of Management of Management of the

Duties Company Company the Company the Company Company
Qualification
Graduate Graduate Graduate Post Graduate Law Graduate
and
33 Years 26 Years 31 Years 33 Years 30 Years
experience
Date of
01/01/2012 01/09/2012 13/10/2014 11/02/2011 22/07/2017
employment
Age of the
58 Years 55 Years 54 Years 58 Years 53 Years
employee
Last Yamaha Motor

Yamaha Motor Co., Ltd., Yamaha Motor Co., Mitsui & Co.
employment Co., Ltd., Mitsui & Co. Ltd
Japan Ltd., Japan Ltd
held Japan
20. EXTRACT OF ANNUAL RETURN
The extract of Annual Return of the Company in Form MGT – 9 has been annexed as Annexure B to this Report.
21. DISCLOSURE ON RISK MANAGEMENT
The Company does not have any Risk Management Policy as the elements of risk threatening the Company’s existence are very minimal.
22. SUBSIDIARY, JOINT VENTURE AND ASSOCIATE COMPANY
The Company has an associate company, namely, Yamaha Motor Solutions (India) Private Limited, which was incorporated on August 27,
2002 and is engaged in the business of providing information technology consultancy services.
A statement in Form AOC-1 containing salient features of the financial statements of the associate company as named above has been
annexed as Annexure C to this Report.
The summarized consolidated financial results for the year ended December 31, 2017 are as under:
(Rs. in crores)
Particulars For the year ended December 31, 2017 For the year ended December 31, 2016
(Consolidated) (Consolidated)
11
TOTAL 6,032.00 5,682.12

Depreciation/Amortizations/ Provision (91.24) (80.52)
for impairment (242.38) (211.11)
Profit/ (Loss) before tax 12.27 (24.63)

Current Tax
0.00 0.00
Deferred Tax
(3.04) 13.82
Add: Investor’s share of profit in

0.41 0.09
associate
Profit/ (Loss) for the year

9.64 (10.72)
Prior period expenses
0.00 0.00
Add: Balance of (Loss) brought forward
(263.43) (252.71)
depreciation policy
0.00 0.00
Less: Adjusted against Capital
Reduction
0.00 0.00
Profit/(Loss) available for appropriation (253.79) (263.43)
APPROPRIATIONS:
Proposed Dividend
Nil Nil
General Reserve
Nil Nil
Balance carried to Balance Sheet (253.79) (263.43)
23. COMPLIANCE OF SECRETARIAL STANDARDS The Board of Directors of the Company hereby states that, during
the year under review, the Company has complied with the applicable Secretarial Standards issued by The Institute of Company Secretaries
of India and approved by the Central Government.
24. ACKNOWLEDGEMENTS
Your Directors wish to place on record appreciation for the support and co-operation which the Company continues to receive from the
Government, its Customers, Bankers, Employees and Members of the Company. Your Directors also wish to place on record their deep sense
of appreciation, the full-fledged co-operation and dedicated effort put in by the employees across all levels in the organization.
For and on behalf of the Board of Directors

Sd/-
Motofumi Shitara
Chairman & Managing Director
DIN: 08048248
Address: The Leela Palace, Adyar Seaface,
Block No. 175 Satya Dev Avenue MRC Nagar
R.A. Puram Chennai – 600028, Tamil Nadu
Place: Chennai
Date: April 18, 2018
12
Annexure-A
ANNEXURE TO THE DIRECTORS REPORT
Particulars required under the Companies (Accounts) Rules, 2014
A. a) ENERGY CONSUMPTION REDUCTION ACTIVITIES IN 2017
IYM-SJP
v More than 2.05 MWp additional solar power project installed on roof top of Bldg. #5
v Replacement of 64 dome lights (250W à80W) with energy efficient LEDs in buildings 1, and 3.
v 50 Street Lights replaced (120 W à72W) with LED Lights.
v 54 Boundary Lights replaced (72W à36W) with LED Lights.
v 1910 Conventional florescent light replaced with LED Lights (36Wà13W).
v Install Low voltage transformer for lighting.in Building # 1&2.
v Contractual demand reduced from 8000 à6000 Kva.
v Energy efficient pumps installed on ACED & HR Paint Shops ASU.
v 4Nos Air Cooling Machines Stopped by doing air balancing.
v Loading Ratio of Compressors Improved from 75% à80%.
v Holiday Power Ration improved from 17.4% à6.8%.
v Electrical Auto Drain Replaced with float type drain in all the three receivers of compressed air system.
v All the street lights switching made automatic timer based.
Safety à
v Two nos of Propane Bullets (20KL water Capacity) discarded, licensing modified and validated.
IYM-FBD
v 110 machines coolant pumps circuit modified for Auto stop during idle time.
v 133 Machines Hyd. Pump modified electrically for Auto Stop during idle time.
v Furnace Temperature optimized and set at lower temp. Band.(720°Cà650°C).
v Transformers switched off in week-ends (Reduce Iron Losses).
v Installation of 8 VFDs Pumps in Pretreatment area of Paint shop.
IYM-CHE
v Automatics Stop of Coolant & Hyd. Pumps on Machines during Idle time.
v Oven Holding temp. set at lower limit during holidays.
v Automatic stop of Mist collectors in welding shop.
v Installed VFD on cooling tower pump, exhaust fans& cooling Pumps of HT shop.
v Installed solar water Heaters in ABS Paint shop.
b) IMPACT OF ABOVE MEASURES
The increase in Power & fuel cost is absorbed & achieved saving of more than INR 30 MN in 2017 and solar power contribution increased to
28% of total consumption in SJP Factory.
c) ENERGY SAVING PROPOSAL FOR 2018

IYM – SJP
Ø Replacement of energy efficient Building & Street lights LED type
Ø Installation of Localized compressors for holiday use.
Ø Central control for Office air conditions (VRV Type) Daiken Make.
Ø Install Energy Efficient Vertical pumps on Washing Machines of Engine Assy.
Ø Install VFD on Hot water Generator circulation Pumps.
IYM – FBD
Ø Install magnetic Resonator on 2MT furnace HSD Line.
Ø Install VFD on 6 LPDC machines Hyd. Pumps.
Ø Install a Loop on Compressed air Line from Comp. Room 2 to Comp. Room 3.
Ø Air Leakage Reduction 17%-->14%.
Ø Installation of LED Lights on Building & Working Stages.
Ø Modified Electric Circuit for 14 Nos. Honning & Boring Machines for AUTO Stop of HYD. Pumps.
IYM – CHE
Ø Automatic Stop of HYD. & Coolant pump to Continue.
Ø Installation of LED Lights.
13
Ø Installation of Welding Gas savers.

Ø Auto Stop Of Roof Lights & Fans 53 Nos.
Ø Auto Start / Stop Of Conveyor Fans.
Ø Compressed air pressure reduced 5.5 bar à5.0bar.
These are planned to fetch 28.56 M Savings in 2018
B. ENVIRONMENT, HEALTH & SAFETY

v As per Yamaha Motor Co. Ltd., Japan’s policy, the Company got Environment Management System upgraded from ISO 14001:2004 to
ISO 14001:2015 Single Certification in Dec 2017. This activity will encourage resource pooling of all environment conservation ideas
throughout the YMI-group companies in India.
v Saving of 360 KL water per year by reusing drain water in ACED Paint Shop at IYM SJP.
v 474 KL Raw water saving by using STP treated water at IYM SJP.
v Two numbers of Propane Bullets (20KL water Capacity) discarded, license modified and validated.
v IYM CHE won ‘GREENTECH ENVIRONMENT PLATINUM AWARD 2017’ for Environmental initiatives & Performance in
Automobile Sector category.
v IYM Plants distributed more than 15,000 Nos. of TULSI saplings to the company employees & nearby community (NGO’s & Societies)
for environment conservation.
v Health checkup Camps on Ortho, Cardiac, Dental, pediatric & Gynecology organized in nearby villages with the help of mutual partner
hospital under CSR initiatives at across IYM locations. Total more than 3,000 persons covered under the various health checkup camp.
v 100% Health checkup monitoring done for employees who are involved in Hazardous process at across IYM locations.
v A new environmental initiative for resource saving potential started by optimizing use of corrugated boxes packing, minimizes the waste
generation and cost saving to company.
v As an Energy & EHS promotional activity approximately 7,500 leaflets distributed among employees at IYM-SJP & FBD locations to
enhance awareness regarding Environmental management, Energy Management, Resource conservation, 3R activities & water conservation
activities.
C. RESEARCH AND DEVELOPMENT (R&D)
(1) AREAS IN WHICH RESEARCH AND DEVELOPMENT CARRIED OUT BY THE COMPANY
v Development of R15 Version 3.0 and BS4 compliant R3.
v New variant development of FZ Version 2.0 and Fascino.
v Cost Down activities – net result INR 138Mn.
v Market claim countermeasure –regular support to QA.
v Models homologation and active participation in SIAM for new regulations.
v GTC activities to build up Engineers’ capabilities.
(2) BENEFITS DERIVED AS A RESULT OF THE ABOVE R&D
v New models have been well accepted by market.
v Increased Customer satisfaction through new models & existing models problems countermeasure.
v Improvement in model profitability.
v Enhancement of YMRI development capabilities.
v Homologation of new models as per schedule.
(3) FUTURE PLAN OF ACTION
v New model development as per MTP.
v Cost Down activities to meet IYM MTP target.
v Research & Development capability improvement.
v Development of BS6 and Advanced Brake regulation compliant models. D. TECHNOLOGY ABSORPTION, ADOPTION
AND INNOVATION
v Ni- Cr Plating Plant upgraded from steel to ABS Parts N-Cr Plating
v Aluminum Rear Arm Developed in IYM Faridabad with AVV Technology (Vacuum base). This part will also be export to advance
country France.
v 1K Technology under coat Paints developed for ABS Parts painting (Left over paint can be re-used if using 1K technology under coat).
v Antilock Braking System (ABS) implemented in R3 Model.
v VVA Technology adopted in BK7 (R15) Model. Using VVA technology fuel efficiency improves as it controls air volume for complete
combustion of fuel.
14
Form No.
MGT-9
EXTRACT
OF ANNUAL
RETURN
as on the
financial
year ended
on
December
31, 2018
[Pursuant to section 92(3) of

the Companies Act, 2013
and rule 12(1) of the
Companies (Management
and Administration) Rules,
2014]
REGISTRATION AND
I.
OTHER DETAILS:
i) CIN:- U34200DL2007PTC169496
ii) Registration Date 17.10.2007
INDIA YAMAHA MOTOR
iii) Name of the Company
PRIVATE LIMITED
Category / Sub-Category of
iv) Company limited by Shares
the Company
First Floor, The Great
Address of the Registered Eastern Centre, 70 Nehru
v)
office and contact details Place, Behind IFCI Tower
New Delhi-110019
Whether listed company
vi) No
Yes/No
Name, Address and Contact
vii) details of Registrar and N.A.
Transfer Agent, if any
PRINCIPAL BUSINESS
II. ACTIVITIES OF THE
COMPANY
All the business activities
contributing 10 % or more of
the total turnover of the
company shall be stated:-
NIC Code
Name and Description of of the % to total turnover of
Sl. No.
main products/Services Product/ the Company
Service
1 Motorcycles and Parts 2910 100%
PARTICULARS OF
III. HOLDING, SUBSIDIARY
AND ASSOCIATE
% of
Name and Address of the Holding/ Applicable
Sl. No. CIN/GLN shares
Company Subsidiary/Associate Section
held
Yamaha Motor Co. Ltd., AAACY4341H (PAN of the
1 Holding 85% 2(87) (ii)
Japan company)
Yamaha Motor Solutions
2 U72900DL2002PTC116738 Associate 25% 2 (6)
(India) Pvt. Ltd.
15
SHARE
HOLDING
PATTERN
IV. (Equity Share
Capital
Breakup as
percentage of
Total Equity)
Category-wise
i)
Share Holding
No. of No. of
Shares Shares
held at held at
Category of
the the
Shareholders
beginning end of
of the the
year year
% of % of
Demat Physical Total Total Demat Physical Total Total
Shares Shares
A. Promoters:
(1) Indian
a) Individual/HUF*
b) Central Govt
c) State Govt
d) Bodies Corp.
- -
e) Banks/FI
f) Any Other
Sub-total (A)
(1):- - -
(2) Foreign
NRIs -
a)
Individuals
Other -
b)
Individuals
c) Bodies Corp. 1,31,37,13,516 100% 100%

1,31,37,13,516 1,31,37,13,516 1,31,37,13,516
d) Banks/FI
e) Any Other
Sub-total (A)
100% 100%
(2):- 1,31,37,13,516 1,31,37,13,516 1,31,37,13,516 1,31,37,13,516
Total
shareholding of
Promoter 100% 100%
1,31,37,13,516 1,31,37,13,516 1,31,37,13,516 1,31,37,13,516
(A) =
(A)(1)+(A)(2)
* Equity Shares
held by 6
Individuals at
A(1)a are held
as nominee of
the Body
Corporate at
A(1)d
Public
B.
Shareholding
1 Institutions
a) Mutual Funds
b) Banks/FI
c) Central Govt
d) State Govt(s)
Venture Capital
e)
Funds
16
f) Insurance
Companies
g) FIIs
Foreign
h) Venture Capital
Funds
Others
i)
(Specify)
Sub-total (B)
(1):-
2 Non-Institutions
a) Bodies Corp.
Indian
Overseas
b) Individuals
Individual
shareholders
holding
i)
nominal share
capital upto Rs.
1 Lakh
Individual
shareholders
holding
ii) nominal share
capital in
excess of
Rs. 1 Lakh
Others
iii)
(Specify)
Sub-total (B)
(2):-
Total public
shareholding
(B) =
(B)(1)+(B)(2)
Shares held by
C Custodian for
-
GDRs & ADRs
Grand Total
100 100
(A+B+C) 1,31,37,13,516 1,31,37,13,516 1,31,37,13,516 1,31,37,13,516
(ii) Shareholding of Promoters
%
Shareholding
Shareholding Change
Sl. at the
Shareholder's Name at the end of during
No. beginning of
the year the
the year
year
% of Shares % of Shares
% of total % of total
Pledged/ Pledged/
shares of shares of
No. of shares encumbered No. of shares encumbered
the the
to total to total
Company Company
shares shares
1 Yamaha Motor Co. Ltd. 84.915% Nil 84.915% Nil Nil

1,11,55,45,039 1,11,55,45,039
2 Yamaha Motor Asia Pte. Ltd 0.085% Nil 0.085% Nil Nil
11,11,450 11,11,450
3 Mitsui & Co. Ltd. 15.00% Nil 15% Nil Nil

19,70,57,027 19,70,57,027
Total 1,31,37,13,516 100% 1,31,37,13,516 100%
Change in Promoters'
Shareholding (Please
(iii) specify, if there is no
17
change)
Shareholding
Cumulative
Sl. at the
PDL and Nominees of PDL Shareholding
No. beginning of
during the year
the year
shares of shares of
No. of shares No. of shares
the the
Company Company
At the beginning of the year Nil Nil Nil Nil
At the end of the year Nil Nil Nil Nil
Shareholding Pattern of top

ten Shareholders (other
(iv) than Directors, Promoters
and Holders of GDRs and
ADRs):
Shareholding
Cumulative
Sl. Green Destinations at the
Shareholding
No. Holdings beginning of
during the year
the year
For each of the Top 10 shares of shares of
Shareholders the the
Company Company
At the beginning of the year NIL Nil Nil Nil
At the end of the year (or
date of seperation, if
seperated during the year)
Shareholding of Directors
(iv) and Key Managerial
Personnel
Shareholding
Cumulative
Sl. at the
Mr. Yogesh Jain Shareholding
No. beginning of
during the year
the year
For each of the Directors shares of shares of
and KMP the the
Company Company
Date wise Increase /
Decrease in Shareholding
during the year specifying
the reasons for increase /
decrease (e.g. allotment /
transfer / bonus/ sweat
equity etc):
At the end of the year
Indebtedness of the Company including

V. interest outstanding/accrued but not due for
payment
in Crores
Deposits Total
Secured Loans Unsecured
Indebtedness
excluding Loans
deposits
(Rs.) (Rs.)
(Rs.) (Rs.)
Indebtedness at the
beginning of the financial
year
18
i) Principal Amount 0 1,329.76 0 1,329.76

ii) Interest due but not paid 0 - 0 -
iii) Interest accrued but not due 0 12.32 0 12.32
Total (i+ii+iii) 1,342.08 1,342.08
Change in Indebtedness
during the financial year
Addition 0 353.43 0 353.43
Reduction 0 0 0 0
Net Change 353.43 353.43
Indebtedness at the end
of the financial year
Total (i+ii+iii) 1,695.51 1,695.51
Remuneration of Directors
VI. and Key Managerial
Personnel
A. Remuneration to Managing
Director, Whole-time Director
and/or Manager:
Name of
Sl. Total Amount
Particulars of Remuneration MD/WTD/
No (Rs.)
Manager
Takashi
Riuji Kawashima Yukihiko Tada Tatsuo Hirase
Terabayashi
(Resigned on (Appointed on (Appointed on
(Resigned on
24.10.2018) 07.05.2018) 22.07.2017)
09.04.2018)
1 Gross Salary 1,59,11,151.00 1,26,41,627 39,00,564 2,13,93,424 5,38,46,766.00
(a) Salary as per provisions
contained in Section 17(1) of 1,47,02,640.00 1,19,13,285.00 35,95,549.00 1,79,07,284.00 4,81,18,758.00
the Income Tax Act, 1961
(b) Value of perquisites u/s
12,08,511.00 7,28,342.00 3,05,015.00 7,28,342.00 57,28,007.00
17(2) Income Tax Act, 1961
(c) Profits in liew of salary
under Section 17(3) Income -
Tax Act, 1961
2 Stock Option - - - - -
3 Sweat Equity - - - - -
Commission
4 - as % of profit - - - - -
- others, specify
5 Others, please specify - - - - -
Total (A) 1,59,11,151 1,26,41,627 39,00,564 2,13,93,424 5,38,46,766
No
Ceiling as per the Act
Limit
B. Remuneration to other directors:
Total
Sl.
Particulars of Remuneration Name of Directors Amount
No
(Rs.)
N.A. N.A.
1 Independent Directors - - -
Fee for attending board/committee meetings - - -
Commission - - -
19
Others, please specify - - -

Total (1) - - -
2 Other Non-Executive Directors - - -
Fee for attending board/committee meetings - - -
Commission - - -
Others, please specify - - -
Total (2) - - -
Total (B) - (1+2) - - -
Total Managerial Remuneration (A+B) - - -
C. Remuneration to Key Managerial Personnel other than

MD/Manager/WTD:
Total
Sl. Key Managerial
Particulars of Remuneration Amount
No Personnel
(Rs.)
Company
CEO
Secretary
1 Gross Salary NIL NIL
(a) Salary as per provisions contained in Section 17(1) of the
Income Tax Act, 1961
(b) Value of perquisites u/s 17(2) Income Tax Act, 1961
(c) Profits in liew of salary under Section 17(3) Income Tax Act,
1961
2 Stock Option
3 Sweat Equity
Commission
4 - as % of profit
- others, specify
VII.
PENALTIES/PUNISHMEHT/COMPOUNDING
OF OFFENCES:
Appeal
Section of
Details of made,
the Brief Authority
Type Penalty/Punishment/Compounding if any
Companies Description [RD/NCLT/Court]
fees imposed (give
Act
details)
Bitmap
A. COMPANY
Penalty
Punishment
Compounding
B. DIRECTORS
Penalty
Punishment
Compounding
C. OTHER OFFICERS IN DEFAULT
Penalty
Punishment
Compounding
For and on behalf of the
Board of Directors
India Yamaha Motor
Private Limited
sd/-
Place: Chennai Motofumi Shitara
Chairman &
20
Date: February 20, 2019 Managing Director

(DIN: 08048248)
Address: No. 2, 2nd Floor,
Ramaniyam Lalitha 8,
Sivasundar Ave Thiruvanmiyur
Chennai – 600041
Form No. AOC-2
(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014)
FORM FOR DISCLOSURE OF PARTICULARS OF CONTRACTS/ARRANGEMENTS ENTERED INTO BY THE COMPANY WITH
RELATED PARTIES REFERRED TO IN SUB-SECTION (1) OF SECTION 188 OF THE COMPANIES ACT, 2013 INCLUDING
CERTAIN ARMS LENGTH TRANSACTIONS UNDER THIRD PROVISO THERETO
1. Details of contracts or arrangements or transactions not at arm’s length basis – NOT APPLICABLE, AS ALL RELATED PARTY
TRANSACTIONS HAVE BEEN ENTERED INTO IN THE ORDINARY COURSE OF BUSINESS AND AT AN ARM’S LENGTH
(a) Name(s) of the related party and nature of relationship

(b) Nature of contracts/arrangements/transactions
(c) Duration of the contracts / arrangements/transactions
(d) Salient terms of the contracts or arrangements or transactions including the value, if any
(e) Justification for entering into such contracts or arrangements or transactions
(f) Date(s) of approval by the Board
(g) Amount paid as advances, if any:
(h) Date on which the special resolution was passed in general meeting as required under first proviso to section 188
2. Details of material contracts or arrangement or transactions at arm’s length basis
(All figures are in Crores)
(a) Name(s) of the related party and nature of relationship – Yamaha Motor Co. Ltd., Japan (Holding Company)
(b) Nature of contracts/arrangements/transactions – Sales of Goods and Services
(c) Duration of the contracts / arrangements/transactions – 01.01.2017– 31.12.2017
(d) Salient terms of the contracts or arrangements or transactions including the value, if any: Rs. 793.14
(e) Date(s) of approval by the Board, if any: Not Applicable, as the transaction has been entered into by the Company on arm’s length basis
and in the ordinary course of business.
(f) Amount paid as advances, if any: None
(b) Nature of contracts/arrangements/transactions – Purchase of Raw Material and Spares and Traded Goods
(b) Nature of contracts/arrangements/transactions – Purchase of Fixed Assets
(b) Nature of contracts/arrangements/transactions – Royalty Fee
(e) Date(s) of approval by the Board, if any: Not Applicable, as the transaction is not covered by Section 188 of the Act.
(b) Nature of contracts/arrangements/transactions – Technical Know-How
21
(b) Nature of contracts/arrangements/transactions – Interest Expense
(c) Duration of the contracts / arrangements/transactions – 01.01.2017 – 31.12.2017
(b) Nature of contracts/arrangements/transactions – Technical Guidance Fee
(b) Nature of contracts/arrangements/transactions – Guarantee Fee
(b) Nature of contracts/arrangements/transactions – Design and Development Expenses
(b) Nature of contracts/arrangements/transactions – Computer Repair and Maintenance Charges
(b) Nature of contracts/arrangements/transactions – Warranty Claim (Net)
(b) Nature of contracts/arrangements/transactions – Advertisement and Sales Promotion Charges
(b) Nature of contracts/arrangements/transactions – Reimbursement of Expenses (Net)
(b) Nature of contracts/arrangements/transactions – Advance Received from Debtors
22
(a) Name(s) of the related party and nature of relationship – Mitsui & Co. Ltd. (Enterprise with significant influence over the Company)
(b) Nature of contracts/arrangements/transactions – Income Tax on Expatriates Salary
(a) Name(s) of the related party and nature of relationship – Mitsui & Co. Ltd., Japan (Enterprise with significant influence over the
Company)
(b) Nature of contracts/arrangements/transactions – Reimbursement of expenses (net)
(a) Name(s) of the related party and nature of relationship – Yamaha Motor Asia Pte Ltd. (Fellow Subsidiary)
(b) Nature of contracts/arrangements/transactions – Sale of Goods and Services
(a) Name(s) of the related party and nature of relationship – Yamaha Motor India Private Limited (Fellow Subsidiary)
(b) Nature of contracts/arrangements/transactions – Legal and Professional Charges
(a) Name(s) of the related party and nature of relationship – Yamaha Motor India Sales Private Limited (Fellow Subsidiary)
and in the ordinary course of business
(a) Name(s) of the related party and nature of relationship – Yamaha Motor India Solutions (India) Private Limited (Fellow Subsidiary)
(a) Name(s) of the related party and nature of relationship – Yamaha Motor Research and Development India Private Limited (Fellow
Subsidiary)
23
(b) Nature of contracts/arrangements/transactions – Warranty Claims (Net)
(a) Name(s) of the related party and nature of relationship – Yamaha Motor Distribution Latin America (Fellow Subsidiary)
(a) Name(s) of the related party and nature of relationship – Yamaha Motor (China) Co. Ltd. (Fellow Subsidiary)
(b) Nature of contracts/arrangements/transactions – Purchase of raw material and spares & traded goods
24
(a) Name(s) of the related party and nature of relationship – Yamaha Motor Solutions (India) Private Limited (Fellow Subsidiary)
(b) Nature of contracts/arrangements/transactions – Rental Income
(g) Name(s) of the related party and nature of relationship – Yamaha Motor Solutions (India) Private Limited (Fellow Subsidiary)
(h) Nature of contracts/arrangements/transactions – Purchase of fixed assets
(i) Duration of the contracts / arrangements/transactions – 01.01.2017 – 31.12.2017
(j) Salient terms of the contracts or arrangements or transactions including the value, if any: Rs. 0.90
(k) Date(s) of approval by the Board, if any: Not Applicable, as the transaction has been entered into by the Company on arm’s length basis
(l) Amount paid as advances, if any: None
(b) Nature of contracts/arrangements/transactions – License Fee
(b) Nature of contracts/arrangements/transactions – Computer Maintenance Charges
(b) Nature of contracts/arrangements/transactions – Reimbursement of Expenses
Subsidiary)
(a) Name(s) of the related party and nature of relationship – Yamaha Travel Service Co. (Fellow Subsidiary)
25
(a) Name(s) of the related party and nature of relationship – Yamaha Motor Phillippines Inc. (Fellow Subsidiary)
(a) Name(s) of the related party and nature of relationship – Sunward International Inc. (Fellow Subsidiary)
(a) Name(s) of the related party and nature of relationship – Yamaha Motor Distribution Singapore Pte. Ltd (Fellow Subsidiary)
(a) Name(s) of the related party and nature of relationship – PT. Yamaha Indonesia Motor Manufacturing (Fellow Subsidiary)
(a) Name(s) of the related party and nature of relationship – Yamaha Motor Do Brasil Ltd. (Fellow Subsidiary)
(a) Name(s) of the related party and nature of relationship – Inclomotors Yamaha (Fellow Subsidiary)
(b) Nature of contracts/arrangements/transactions – Purchase of Raw material and Spares
(b) Nature of contracts/arrangements/transactions – Purchase of Raw material and spares
(a) Name(s) of the related party and nature of relationship – Yamaha Motor Electronics Co. Ltd (Fellow Subsidiary)
26

(a) Name(s) of the related party and nature of relationship – Yamaha Motor Electronics India Private Limited (Fellow Subsidiary)
(a) Name(s) of the related party and nature of relationship – Yamaha Motor Taiwan Trading (Fellow Subsidiary)
(a) Name(s) of the related party and nature of relationship – Inclomotors Yamaha (Fellow Subsidiary)
(b) Nature of contracts/arrangements/transactions – Warranty Claim
(b) Nature of contracts/arrangements/transactions – Amount received from debtors

Sd/-
Motofumi Shitara
27

DIN: 08048248
Address: The Leela Palace, Adyar Seaface,
Block No. 175 Satya Dev Avenue MRC Nagar
R.A. Puram Chennai – 600028, Tamil Nadu
Place: Chennai
ANNEXURE II
28
FORMAT FOR THE ANNUAL REPORT ON CSR ACTIVITIES TO BE INCLUDED IN THE BOARD'S REPORT
A brief outline of the The Company’s CSR efforts are at the core of its business and underscore the purpose of
Company's CSR policy, caring and curing. CSR is the process by which an organization thinks about and evolves its
including overview of relationships with stakeholders for the common good, and demonstrates its commitment in this
projects or programs regard by adoption of appropriate business processes and strategies. Our Corporate Social
proposed to be Responsibility (CSR) includes large initiatives that lead to social development, conservation of
1.
Undertaken and a natural resources using technology and other innovative means. The CSR policy is mainly
reference to the web-link focused on the areas of Education, Health Care, Sustainable Livelihood, Infrastructure
to the CSR policy and Development, and Espousing Social Causes.
projects or programs.
The CSR policy is being approved by the Board in its meeting held on July 21, 2014.
1. Mr. R. Kawashima
The Composition of the
2. Mr. Y. Tada
2. CSR Committee during
3. Mr. T. Yamaguchi
the financial year 2018
The Composition of the

CSR Committee during 1. Mr. M. Shitara
3. the financial year 2019 2. Mr. Y. Tada
(after closure of financial 3. Mr. T. Yamaguchi
year)
Average net profit/ loss of

the Company for last
4. Loss of approx. Rs. 1.15 Crores
three financial years
Prescribed CSR
Expenditure (two per cent
5. Not Applicable
of the amount as in item 3
above)
Details of CSR spent

2018:
(a). Total amount to be
6. Not Applicable
spent for the financial
year 2018
(b). Amount unspent, if
any
(c). Manner in which the amount spent during the financial year is detailed below.
(1) (2) (3) (4) (5) (6) (7) (8)
Amount spent
on the projects
Projects or programs
or programs
CSR Sector in (1) Local Area or other Amount outlay Cumulative Amount spent:
Sub Heads:
S. project or which the (2)Specify the State and (budget) project expenditure up Direct or through
(1) Direct
No. activity project is district where projects or or programs to the reporting implementing
Expenditure on
identified covered programs was wise period agency
projects or
undertaken
programs
(2) Overheads:
1 - - - - - - -
2 - - - - - - -
6. In case the company has failed to spend the two per cent of the average net profit of the last three financial years or any part thereof, the
company shall provide the reasons for not spending the amount in its Board report – Not Applicable
7. A responsibility statement of the CSR Committee that the implementation and monitoring of CSR Policy, is in compliance with CSR
29
objectives and Policy of the Company. The CSR committee confirms that implementation and monitoring of CSR Policy, is in compliance
30
with CSR objectives and Policy of the Company.
Sd/-
Sd/-
Motofumi Shitara
Toru Yamaguchi
Chairman of the Committee and Managing Director
Member of CSR Committee
Date: February 20, 2019

Place: Chennai
Annexure-C
Form AOC-1
(Pursuant to first proviso to sub-section (3) of section 129 read with rule 5 of Companies (Accounts) Rules, 2014)
Statement containing salient features of the financial statement of subsidiaries / associate companies / joint ventures
PART “A”: SUBSIDIARIES – NOT APPLICABLE

(Information in respect of each subsidiary to be presented with amounts in Rs.)
1. Sl. No.
2. Name of the subsidiary
3. Reporting period for the subsidiary concerned, if different from the holding company’s reporting period
4. Reporting currency and Exchange rate as on the last date of the relevant Financial year in the case of foreign subsidiaries.
5. Share capital
6. Reserves & surplus
7. Total assets
8. Total Liabilities
9. Investments
10. Turnover
11. Profit before taxation
12. Provision for taxation
13. Profit after taxation
14. Proposed Dividend
15. % of shareholding
PART “B”: ASSOCIATES AND JOINT VENTURES
Statement pursuant to Section 129 (3) of the Companies Act, 2013 related to Associate Companies and JointVentures
Name of Associate(s)/Joint
S. No. Yamaha Motor Solutions (India) Private Limited
Ventures
Date of signing of Financial Statements is January 19, 2018

Latest audited Balance Sheet
1.
Date Financial Year
January 1, 2017 to December 31, 2017
31
Shares of Associate/Joint
2. Ventures held by the company
on the year end
No. 25,000 Equity shares
Amount of
Investment in
Rs. 2,50,000/-
Associates/Joint
Venture
Extend of Holding % 25%
India Yamaha Motor Private Limited, Company, has invested Rs.

Description of how there is
3. 2,50,000/- in equity share capital of Yamaha Motor Solutions (India)
significant influence
Private Limited, an associate company
Reason why the

4. associate/joint venture is not N.A.
Consolidated
Networth attributable to
5. shareholding as per latest Rs. 2,54,33,307/-
audited Balance Sheet
6. Profit / Loss for the year
Considered in
Rs. 40,96,396/-
Consolidation
Not Considered in
-
Consolidation

Sd/-
Motofumi Shitara
DIN: 08048248
Address: The Leela Palace, Adyar Seaface, Block No. 175 Satya Dev Avenue MRC Nagar R.A. Puram Chennai
600028

Place: Chennai
32
Description of state of companies affair

1,641.56 Crores (Previous Year: Rs. 1,293.63 Crores) during the year under review. The Company earned a Profit of Rs. 23.04 Crores during
the year under review as compared to profit of Rs. 9.25 Crores in previous year.
Disclosure relating to amounts if any which is proposed to carry to any reserves

1. TRANSFER TO RESERVES
During the year under review, the Company has not transferred any amount to reserves except profits earned during the Financial Year 2018.
Disclosures relating to amount recommended to be paid as dividend

1. DIVIDEND
The Directors have decided not to pay any dividend and retain its earnings for the development and expansion of business.
33
Details regarding energy conservation
A. a) ENERGY CONSUMPTION REDUCTION ACTIVITIES IN 2018
IYM-SJP
v Additional solar power project installed on Car Port with Capacity of 105 KWp.
v Replacement of 140 dome lights with energy efficient LEDs resulted in savings of 49 MwH/year.
v VFD installed on one Hot Water circulation pump saved 50 Kwh/day.
v Installed timer on spot cooling unit in Bldg#1 saves 180 Kwh/day.
v Saving of 75 Mwh/year thru installation of Central control for Office air conditions (VRV Type) Daiken Make.
v 315 Ton Press Machines operation clubbing saved 750 Kwh.
IYM-FBD
v Installed Auto Cut-Off in mist collector in 20Nos. Hobbing M/c’s & 21Nos. Hydraulic and Coolant pumps resulting in savings of 80
Mwh/year.
v Magnetic Resonator on 2MT furnace HSD Line to reduce the consumption of HSD resulted in saving of 133 Mwh/year.
v Installed a Loop on Compressed air Line from Comp. Room 2 to Comp. Room 3 resulting in saving of 94 Mwh/year.
IYM-CHE
v Solar Power project installed on Bus Parking to generate 110 KWp and Body & Engine Buildings with capacity to generate 2000 KWp.
Present Total Installed Solar Capacity at IYM CHE: 3.45 MwP
v GUTS (Global UTility cost Saving) activities across factory at various locations have been completed as per Energy Saving Activity Plan
& Key Activities are as follows:
o Installed VFD on cooling towers of Paint Shop saves 432 Kwh per month.
o Installed Magnetic Resonator to reduce consumption of HSD & LPG and saved Rs. 1.8 Mn per year.
o Casting scrubber blower motor controlled by VFD, Total saving – 10 Mwh/Year.
o Installed auto cutoff for machining hydraulic & Coolant pump and mist collector during ideal time, total saving – 62 Mwh/Year.
o Installation of LED Lights on Building & Line wise, total savings – 55 Mwh/Year.
b) IMPACT OF ABOVE MEASURES
The increase in Power & fuel cost is absorbed & achieved savings of more than Rs. 30 Mn in 2018.
Details regarding technology absorption

TECHNOLOGY ABSORPTION, ADOPTION AND INNOVATION
We follow “YAMAHA MONOZUKRI PRODUCTION SYSTEM” which is YAMAHA Global manufacturing system. Major Technological
adoption & innovation during the year includes:
IYM SJP
v Antilock Braking System (ABS) implemented in FZ25, R15 & FZ Series models
v VVA Technology adopted in BK7 (R15) Model. Using VVA technology fuel efficiency improves as it controls air volume for complete
combustion of fuel.
v 1K Technology under coat Paints developed for ABS Parts painting (Left over paint can be re-used if using 1K technology under coat).
v Multi metal pretreatment chemicals to be established for Al & Steel parts painting together. These chemicals are low temperature and
sludge free.
IYM CHE
v Implemented Eco-friendly Water-Soluble Coolant in Broaching process of Gear Machining & in Body cylinder line.
v Traditional band saw cutting changed into New riser gate cutting in BC model HP DC Casting to improve quality and reduce consumables
cost.
v Crank shaft grinding operation to be substituted with Fine turning operation.
34
Disclosures in director’s responsibility statement
1. DIRECTORS’ RESPONSIBILITY STATEMENT
As required under Section 134(5) of the Companies Act, 2013, your Directors confirm that:
a) In the preparation of Annual Accounts, the applicable Accounting Standards have been followed along with proper explanation relating
to material departures;
b) Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit of the
Company for the year under review;
c) Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of
the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities.
d) The Directors have prepared the Annual Accounts on a ‘going concern’ basis.
e) The Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were
adequate and operating effectively. Pursuant to Section 134(3)(ca) of the Companies Act, 2013, no fraud has been reported by the Auditors
of the Company.
Details of material changes and commitment occurred during period affecting financial position of company
1. MATERIAL CHANGES AND COMMITMENTS
No such material changes and commitments occurred between the end of the financial year of the Company to which the financial statements
relate and as on the date of the report which affected the financial position of the Company.
Particulars of loans guarantee investment under section 186 [Text Block]

1. LOANS, GUARANTEES AND INVESTMENTS BY COMPANY
Your Company has not given any loan or provided any guarantee to any person or other body corporate or made any investment under
Section 186 of the Companies Act, 2013.
35
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
Form No. AOC-2
(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014)
FORM FOR DISCLOSURE OF PARTICULARS OF CONTRACTS/ARRANGEMENTS ENTERED INTO BY THE COMPANY WITH
RELATED PARTIES REFERRED TO IN SUB-SECTION (1) OF SECTION 188 OF THE COMPANIES ACT, 2013 INCLUDING
CERTAIN ARMS LENGTH TRANSACTIONS UNDER THIRD PROVISO THERETO
1. Details of contracts or arrangements or transactions not at arm’s length basis – NOT APPLICABLE, AS ALL RELATED PARTY
TRANSACTIONS HAVE BEEN ENTERED INTO IN THE ORDINARY COURSE OF BUSINESS AND AT AN ARM’S LENGTH
(a) Name(s) of the related party and nature of relationship

(b) Nature of contracts/arrangements/transactions
(c) Duration of the contracts / arrangements/transactions
(d) Salient terms of the contracts or arrangements or transactions including the value, if any
(e) Justification for entering into such contracts or arrangements or transactions
(f) Date(s) of approval by the Board
(g) Amount paid as advances, if any:
(h) Date on which the special resolution was passed in general meeting as required under first proviso to section 188
2. Details of material contracts or arrangement or transactions at arm’s length basis
(All figures are in Crores)
(b) Nature of contracts/arrangements/transactions – Sales of Goods and Services
(d) Salient terms of the contracts or arrangements or transactions including the value, if any: Rs. 1,056.89
(b) Nature of contracts/arrangements/transactions – Royalty Fee
(b) Nature of contracts/arrangements/transactions – Technical Know-How
36
(b) Nature of contracts/arrangements/transactions – Guarantee Fee
(b) Nature of contracts/arrangements/transactions – Design and Development Expenses
(b) Nature of contracts/arrangements/transactions – Warranty Claim (Net)
(b) Nature of contracts/arrangements/transactions – Training and Courses
(b) Nature of contracts/arrangements/transactions – EHS Expense
37
(a) Name(s) of the related party and nature of relationship – Mitsui & Co. Ltd. (Enterprise with significant influence over the Company)
(b) Nature of contracts/arrangements/transactions – Income Tax on Expatriates Salary
(a) Name(s) of the related party and nature of relationship – Mitsui & Co. Ltd., Japan (Enterprise with significant influence over the
Company)
Subsidiary)
38

Subsidiary)
(a) Name(s) of the related party and nature of relationship – Yamaha Motor Phillippines Inc. (Fellow Subsidiary)
39
(a) Name(s) of the related party and nature of relationship – Yamaha Motor Distribution Singapore Pte. Ltd. (Fellow Subsidiary)
(a) Name(s) of the related party and nature of relationship – CFAO Yamaha Motor Nigeria Ltd. (Fellow Subsidiary)
(g) Name(s) of the related party and nature of relationship – Yamaha Motor Do Brasil Ltd. (Fellow Subsidiary)
(h) Nature of contracts/arrangements/transactions – Sale of Goods and Services
(i) Duration of the contracts / arrangements/transactions – 01.01.2018 – 31.12.2018
(j) Salient terms of the contracts or arrangements or transactions including the value, if any: Rs. 1.15
(k) Date(s) of approval by the Board, if any: Not Applicable, as the transaction has been entered into by the Company on arm’s length basis
(l) Amount paid as advances, if any: None
(a) Name(s) of the related party and nature of relationship – Incolomotors Yamaha (Fellow Subsidiary)
(b) Nature of contracts/arrangements/transactions – Rental Income
(a) Name(s) of the related party and nature of relationship – Yamaha Motor (China) Co. Ltd. (Fellow Subsidiary)
(b) Nature of contracts/arrangements/transactions – Purchase of raw material and spares & traded goods
(b) Nature of contracts/arrangements/transactions – Purchase of Raw material and spares
40

(a) Name(s) of the related party and nature of relationship – Yamaha Motor Electronics India Private Limited (Fellow Subsidiary)
(a) Name(s) of the related party and nature of relationship – Yamaha Motor Taiwan Trading (Fellow Subsidiary)
(a) Name(s) of the related party and nature of relationship – PT. Yamaha Motor Electronics Indonesia (Fellow Subsidiary)
(a) Name(s) of the related party and nature of relationship – Sichuan Huachuan Yamaha Motor Parts (Fellow Subsidiary)
(a) Name(s) of the related party and nature of relationship – Yamaha Motor Electronics (Thailand) Co. Ltd. (Fellow Subsidiary)
(b) Nature of contracts/arrangements/transactions –Purchase of Fixed Assets
41
(a) Name(s) of the related party and nature of relationship – Yamaha Motor Solutions
(India) Private Limited (Fellow Subsidiary)
(b) Nature of contracts/arrangements/transactions – Consultancy Charges
(d) Salient terms of the contracts or arrangements or transactions including the value, if
any: Rs. 5.60
(e) Date(s) of approval by the Board, if any: Not Applicable, as the transaction has
been entered into by the Company on arm’s length basis and in the ordinary course of business.
(a) Name(s) of the related party and nature of relationship – Yamaha Motor Australia (Fellow Subsidiary)
(a) Name(s) of the related party and nature of relationship – Yamaha Motor Distribution Singapore Pte. Ltd. (Fellow Subsidiary)
(a) Name(s) of the related party and nature of relationship – Incolomotors Yamaha (Fellow Subsidiary)
(a) Name(s) of the related party and nature of relationship –Yamaha Motor Vietnam Co. Ltd. (Fellow Subsidiary)
(b) Nature of contracts/arrangements/transactions – Computer maintenance
42
(b) Nature of contracts/arrangements/transactions – Advertisement and Sales

(a) Name(s) of the related party and nature of relationship – Yamaha Motor Europe N.V. (Fellow Subsidiary)
(b) Nature of contracts/arrangements/transactions – Advertisement and Sales
(b) Nature of contracts/arrangements/transactions – Repair and Maintenance Expenses
(a) Name(s) of the related party and nature of relationship – P.T. Yamaha Motor Parts Manufacturing Indonesia (Fellow Subsidiary)
(b) Nature of contracts/arrangements/transactions – Training and Courses
(a) Name(s) of the related party and nature of relationship – P.T. Yamaha Motor Parts Manufacturing Indonesia (Fellow Subsidiary)
(a) Name(s) of the related party and nature of relationship – Yamaha Motor Asian Centre Co. Ltd (Fellow Subsidiary)
(a) Name(s) of the related party and nature of relationship – CFAO Yamaha Motor Nigeria Ltd. (Fellow Subsidiary)
(b) Nature of contracts/arrangements/transactions – Advance received from debtors

43
Sd/-
Motofumi Shitara
DIN: 08048248
Address: No. 2, 2nd Floor, Ramaniyam Lalitha 8,
Sivasundar Ave Thiruvanmiyur Chennai – 600041
Place: Chennai
44
Disclosure of extract of annual return as provided under section 92(3) [Text Block]
Form No.
MGT-9
EXTRACT
OF ANNUAL
RETURN
as on the
financial
year ended
on
December
31, 2018
[Pursuant to section 92(3) of
the Companies Act, 2013
and rule 12(1) of the
Companies (Management
and Administration) Rules,
2014]
REGISTRATION AND
I.
OTHER DETAILS:
i) CIN:- U34200DL2007PTC169496
ii) Registration Date 17.10.2007
INDIA YAMAHA MOTOR
iii) Name of the Company
PRIVATE LIMITED
Category / Sub-Category of
iv) Company limited by Shares
the Company
First Floor, The Great
Address of the Registered Eastern Centre, 70 Nehru
v)
office and contact details Place, Behind IFCI Tower
New Delhi-110019
Whether listed company
vi) No
Yes/No
Name, Address and Contact
vii) details of Registrar and N.A.
Transfer Agent, if any
PRINCIPAL BUSINESS
II. ACTIVITIES OF THE
COMPANY
All the business activities
contributing 10 % or more of
the total turnover of the
company shall be stated:-
NIC Code
Name and Description of of the % to total turnover of
Sl. No.
main products/Services Product/ the Company
Service
1 Motorcycles and Parts 2910 100%
PARTICULARS OF
III. HOLDING, SUBSIDIARY
AND ASSOCIATE
% of
Name and Address of the Holding/ Applicable
Sl. No. CIN/GLN shares
Company Subsidiary/Associate Section
held
Yamaha Motor Co. Ltd., AAACY4341H (PAN of the
1 Holding 85% 2(87) (ii)
Japan company)
Yamaha Motor Solutions
2 U72900DL2002PTC116738 Associate 25% 2 (6)
(India) Pvt. Ltd.
SHARE
45
HOLDING
PATTERN
IV. (Equity Share
Capital
Breakup as
percentage of
Total Equity)
Category-wise
i)
Share Holding
No. of No. of
Shares Shares
held at held at
Category of
the the
Shareholders
beginning end of
of the the
year year
% of
Demat Physical Total Total Demat Physical Total
Shares
A. Promoters:
(1) Indian
a) Individual/HUF*
b) Central Govt
c) State Govt
d) Bodies Corp.
- -
e) Banks/FI
f) Any Other
Sub-total (A)
(1):- - -
(2) Foreign
NRIs -
a)
Individuals
Other -
b)
Individuals
c) Bodies Corp. 1,31,37,13,516 100%

1,31,37,13,516 1,31,37,13,516 1,31,37,13,516
d) Banks/FI
e) Any Other
Sub-total (A)
100%
(2):- 1,31,37,13,516 1,31,37,13,516 1,31,37,13,516 1,31,37,13,516
Total
shareholding of
Promoter 1,31,37,13,516 1,31,37,13,516 100%
1,31,37,13,516 1,31,37,13,516
(A) =
(A)(1)+(A)(2)
* Equity Shares
held by 6
Individuals at
A(1)a are held
as nominee of
the Body
Corporate at
A(1)d
Public
B.
Shareholding
1 Institutions
a) Mutual Funds
b) Banks/FI
c) Central Govt
d) State Govt(s)
Venture Capital
e)
Funds
Insurance
f)
Companies
46
g) FIIs
Foreign
h) Venture Capital
Funds
Others
i)
(Specify)
Sub-total (B)
(1):-
2 Non-Institutions
a) Bodies Corp.
Indian
Overseas
b) Individuals
Individual
shareholders
holding
i)
nominal share
capital upto Rs.
1 Lakh
Individual
shareholders
holding
ii) nominal share
capital in
excess of
Rs. 1 Lakh
Others
iii)
(Specify)
Sub-total (B)
(2):-
Total public
shareholding
(B) =
(B)(1)+(B)(2)
Shares held by
C Custodian for
-
GDRs & ADRs
Grand Total
1,31,37,13,516 1,31,37,13,516 100
(A+B+C) 1,31,37,13,516 1,31,37,13,516
(ii) Shareholding of Promoters

%
Shareholding
Shareholding Change
Sl. at the
Shareholder's Name at the end of during
No. beginning of
the year the
the year
year
% of Shares % of Shares
% of total
Pledged/ Pledged/
shares of
No. of shares encumbered No. of shares encumbered
the
to total to total
Company
shares shares
1 Yamaha Motor Co. Ltd. Nil Nil Nil

1,11,55,45,039 1,11,55,45,039
2 Yamaha Motor Asia Pte. Ltd Nil Nil Nil

11,11,450 11,11,450
3 Mitsui & Co. Ltd. Nil Nil Nil

19,70,57,027 19,70,57,027
Total 1,31,37,13,516
1,31,37,13,516
Change in Promoters' Shareholding
(iii)
(Please specify, if there is no change)
Shareholding
Cumulative
Sl. at the
PDL and Nominees of PDL Shareholding
No. beginning of
during the year
the year
47
shares of shares of
the the
Company Company
At the end of the year Nil Nil Nil Nil
Shareholding Pattern of top ten
Shareholders (other than Directors,
(iv)
Promoters and Holders of GDRs and
ADRs):
Shareholding
Cumulative
Sl. at the
Green Destinations Holdings Shareholding
No. beginning of
during the year
the year
shares of shares of
For each of the Top 10 Shareholders No. of shares No. of shares
the the
Company Company
At the beginning of the year NIL Nil Nil Nil
At the end of the year (or date of
seperation, if seperated during the
year)
Shareholding of Directors and Key

(iv)
Managerial Personnel
Shareholding
Cumulative
Sl. at the
Mr. Yogesh Jain Shareholding
No. beginning of
during the year
the year
shares of shares of
For each of the Directors and KMP No. of shares No. of shares
the the
Company Company
Date wise Increase / Decrease in
Shareholding
during the year specifying the reasons
for increase / decrease (e.g. allotment /
transfer / bonus/ sweat equity etc):
At the end of the year
Indebtedness of the Company including

V. interest outstanding/accrued but not due for
payment
in Crores
Deposits Total
Secured Loans Unsecured
Indebtedness
excluding Loans
deposits
(Rs.) (Rs.)
(Rs.) (Rs.)
Indebtedness at the
beginning of the financial
year
Total (i+ii+iii) 1,342.08 1,342.08
Change in Indebtedness
Addition 0 353.43 0 353.43
Reduction 0 0 0 0
Net Change 353.43 353.43
Indebtedness at the end
of the financial year
48

Total (i+ii+iii) 1,695.51 1,695.51
Remuneration of Directors and

VI.
Key Managerial Personnel
A. Remuneration to Managing
Director, Whole-time Director
and/or Manager:
Name of
Sl. Total Amount
Particulars of Remuneration MD/WTD/
No (Rs.)
Manager
Takashi
Terabayashi
(Resigned on
24.10.2018) 07.05.2018) 22.07.2017)
09.04.2018)
1 Gross Salary 1,59,11,151.00 1,26,41,627 39,00,564 2,13,93,424 5,38,46,766.00
(a) Salary as per provisions
contained in Section 17(1) of 1,47,02,640.00 1,19,13,285.00 35,95,549.00 1,79,07,284.00 4,81,18,758.00
the Income Tax Act, 1961
12,08,511.00 7,28,342.00 3,05,015.00 7,28,342.00 57,28,007.00
17(2) Income Tax Act, 1961
(c) Profits in liew of salary
under Section 17(3) Income -
Tax Act, 1961
2 Stock Option - - - - -
3 Sweat Equity - - - - -
Commission
4 - as % of profit - - - - -
- others, specify
5 Others, please specify - - - - -
Total (A) 1,59,11,151 1,26,41,627 39,00,564 2,13,93,424 5,38,46,766
No
Ceiling as per the Act
Limit
Sl. No
49
Sl. No
2
3
VII.
PENALTIES/PUNISHMEHT/COMPOUNDING
OF OFFENCES:
Bitmap
Section of Details of
Brief Authority
Type the Penalty/Punishment/Compounding
Description [RD/NCLT/Court]
Companies fees imposed
Act
A. COMPANY
Penalty
Punishment
Compounding
B. DIRECTORS
Penalty
Punishment
Compounding
C. OTHER OFFICERS IN DEFAULT
Penalty
Punishment
Compounding
For and on behalf of the
Board of Directors
India Yamaha Motor
Private Limited
sd/-
50
Place: Chennai Motofumi Shitara

Chairman &
Managing Director
(DIN: 08048248)
Address: No. 2, 2nd Floor,
Ramaniyam Lalitha 8,
Sivasundar Ave Thiruvanmiyur
Chennai – 600041
Disclosure of statement on development and implementation of risk management policy [Text Block]
1. DISCLOSURE ON RISK MANAGEMENT
The Company does not have any Risk Management Policy as the elements of risk threatening the Company’s existence are very minimal.
Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
1. CORPORATE SOCIAL RESPONSIBILITY (CSR)
As per the provisions of Section 135 of the Companies Act, 2013, the Board of directors has duly constituted Corporate Social Responsibility
committee of the Board of Directors of the Company in its meeting held on April 15, 2014.
During the year under review, the CSR Committee of the Board was reconstituted on August 23, 2018, which comprised of following
members:
1. Mr. Riuji Kawashima – Chairman of the Committee;

2. Mr. Yukihiko Tada– Member of the Committee; and
3. Mr. Toru Yamaguchi – Member of the Committee.
After closure of the year under review, the Board reconstituted the CSR Committee on February 20, 2019, pursuant to resignation of Mr.
Riuji Kawashima from the directorship of the Company. Presently, the CSR Committee comprises of following members:
1. Mr. Motofumi Shitara – Chairman of the Committee;

2. Mr. Yukihiko Tada – Member of the Committee; and
3. Mr. Toru Yamaguchi – Member of the Committee.
The Company started earning profit form the Financial Year 2017. However, considering the substantial loss occurred during the last three
financial years for the purpose of calculation of CSR expenditure, the Company is currently not required to make CSR contribution during
the year under review.
51
Disclosure of financial summary or highlights [Text Block]

1. FINANCIAL RESULTS
The summarized financial results for the year ended December 31, 2018 are as under:
(Rs. in crores)
For the year ended December

Particulars For the year ended December 31, 2018
31, 2017
(Standalone)
(Standalone)
TOTAL
6,394.19 6,032.00
Depreciation/Amortizations/ Provision for (88.24) (91.24)
impairment (270.23) (242.38)
Profit/ (Loss) before tax

36.39 12.29

Current Tax
0.00 0.00
Deferred Tax
(13.35) (3.04)
Profit/ (Loss) for the year 23.04 9.25

Prior period expenses 0.00 0.00
Add: Balance of (Loss) brought forward (254.18) (263.42)
depreciation policy 0.00 0.00
Less: Adjusted against Capital Reduction
0.00 0.00
Profit/(Loss) available for appropriation

(231.14) (254.18)
APPROPRIATIONS:
Proposed Dividend
Nil Nil
General Reserve
Nil Nil
Balance carried to Balance Sheet

(231.14) (254.18)
1,641.56 Crores (Previous Year: Rs. 1,293.63 Crores) during the year under review. The Company earned a Profit of Rs. 23.04 Crores during
the year under review as compared to profit of Rs. 9.25 Crores in previous year.
52
Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block]
1. DIRECTORS AND KEY MANAGERIAL PERSONNEL
During the year under review, following changes took place in composition of the Board of the Company.
1. Mr. Motofumi Shitara was appointed as an Additional Director of the Company on January 24, 2018. Further, Mr. Motofumi Shitara
was appointed as the Chairman of the Board of Directors of the Company on same date.
2. Mr. Hiroaki Fujita resigned from the directorship of the Company on January 17, 2018 which was taken on record by the Board of
Directors in its meeting held on January 24, 2018.
3. Mr. Hiroyuki Seto resigned from the directorship of the Company on February 13, 2018 which was taken on record by the Board of
Directors of the Company in its meeting held on February 21, 2018.
4. Mr. Yasutaka Suzuki was appointed as an Additional Director of the Company on February 21, 2018, subject to allotment of Directors
Identification Number (DIN). Since DIN was allotted to Mr. Yasutaka Suzuki on April 9, 2018, therefore appointment of Mr. Yasutaka
Suzuki became effective from April 9, 2018.
5. Mr. Takashi Terabayashi resigned from the directorship of the Company on April 9, 2018 which was taken on record by the Board of
Directors in its meeting held on April 18, 2018.
6. Pursuant to Section 196 of the Companies Act, 2013, Mr. Motofumi Shitara was appointed as the Managing Director of the Company
on April 18, 2018.
7. Mr. Yukihiko Tada was proposed to be appointed as the Director of the Company on April 18, 2018, subject to approval of members
and allotment of Director Identification Number (DIN). Upon receipt of DIN and approval by members, Mr. Yukihiko Tada was appointed as
Director in Annual General Meeting held on May 7, 2018
8. Appointment of Mr. Yasutaka Suzuki, Mr. Toru Yamaguchi and Mr. Tatsuo Hirase were confirmed as Directors of the Company in
Annual General Meeting held on May 7, 2018.
9. Mr. Riuji Kawashima resigned from the directorship of the Company at the Board meeting held on October 24, 2018.
Disclosure of companies which have become or ceased to be its subsidiaries, joint ventures or associate companies
during year [Text Block]
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES
% of shares Holding/ Subsidiary/ Applicable

NAME AND ADDRESS OF THE
S.No CIN/GLN held Associate Section
COMPANY
AAACY4341H (PAN of the Section 2

1. Yamaha Motor Co. Ltd., Japan 85% Holding
company) (87)(ii)
Yamaha Motor Solutions (India)

2. U72900DL2002PTC116738 25% Associate Section 2 (6)
Private Limited
53
Details relating to deposits covered under chapter v of companies act [Text Block]
1. PUBLIC DEPOSIT
Your Company has not accepted any Deposit under Sections 73, 74 and 76 of the Companies Act, 2013 during the financial year ended
December 31, 2018 and there is no overdue deposit outstanding on the said date.
Details of significant and material orders passed by regulators or courts or tribunals impacting going concern
status and company’s operations in future [Text Block]
1. ORDERS PASSED BY THE REGULATORS OR COURTS
No orders have been passed by the regulators or courts or tribunals, which may impact the going concern status and Company’s operations in
future.
Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
1. INTERNAL FINANCIAL CONTROLS
The Company has, in all material respects, an adequate internal financial controls system over financial reporting over standalone financial
statements and such internal financial controls over financial reporting were operating effectively as at December 31, 2018, based on the
internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in
the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of
India.
54
Disclosure of contents of corporate social responsibility policy [Text Block]

CORPORATE SOCIAL RESPONSIBILITY POLICY
INTRODUCTION
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 (hereinafter referred to as “the Company”) 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 endeavors 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 Education, Health Care, Sustainable Livelihood, Infrastructure Development, and 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 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 centers 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;
· 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; sports and Olympics sports;
· Measures for the benefit of armed forces veterans, war widows and their dependents;
55
· Training to promote rural sports, nationally recognized sports, Paralympics sports and Olympics Sports;
· Contribution to the Prime Minister’s National Relief 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 funds provided to technology incubators located within academic institutions which are approved by the Central
Government;
· Rural development projects;
· 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:
(i) Education;
(ii) Health;
(iii) Drinking Water/ Sanitation;
(iv) Environment;
(v) Community Development and Social Empowerment;
(vi) Generation of employment opportunities and livelihood;
(vii) Any other activity as may be identified by Board of Directors.
IMPLEMENTATION OF CSR
Partnership Approach
As per the requirement, the Company shall undertake its CSR activities through “[IYM Welfare Trust]” [established/ to be established] by
the management of the Company to initiate necessary steps or activities for advancement and betterment of the objectives as set out herein.
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 amount transferred remains unutilized, it will not lapse and will be carried over to the next year which will accumulate in non-lapsable
pool;
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.
CONSTITUTION OF CSR COMMITTEE
The Board of directors of the Company (the “Board”) in their meeting held on April 15, 2014 has passed the resolution regarding constitution
of a committee to be known as the “IYM Corporate Social Responsibility Committee” or “CSR Committee”.
Membership
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 three 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 particular 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 first members of the CSR Committee of the Company:
Mr. Masashi Okamoto………………………….., Chairman;

Mr. Shinichiro Kimura………………………….., Member;
Mr. Kawashima Riuji………………………….., Member.
ROLE OF CSR COMMITTEE
a. Formulation, development, amendment in policy framework and broad guidelines for selection of the projects, planning, budget
56
execution and monitoring;
b. 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;
c. Formulation of strategies for efficient implementation along with other stakeholders like civil society and implement the project as per
guidelines;
d. Supervision, coordination and implementation of CSR activities/ projects;
e. Compilation of information and preparation of regular/ annual reports etc.;
f. To coordinate with various other departments for exchange of information for promotion of CSR activities and ensure harmony in
activities by different agencies;
g. Submit quarterly and annual statements of physical and financial progress to the Board;
h. To consider and approve the projects for CSR activities and submit annual budgetary allocation among various projects;
i. To arrange workshops, training etc. to sensitize the staff for better implementation of the policy;
j. 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
Frequency - 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 - 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.
Attendance at Meetings - 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, 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.
Proceedings - 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.
Authority
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:
(a) 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;
(b) Make necessary recommendations to the Board whenever it deems appropriate on any area within its ambit where action or
improvement is required;
(c) 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;
(d) Include in the Annual Report about the implementation of CSR activities including physical and financial process.
(e) Reflect the CSR activities in the annual accounts of the Company under the head ‘Expenditure under CSR Activities’.
57
(f) 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.
Annual General Meeting
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.
AMENDMENT
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.
58
Disclosure of appointment and remuneration of director or managerial personnel if any, in the financial year
[Text Block]
1. MANAGERIAL REMUNERATION
Mr. Yukihiko Tada Mr. Tatsuo Hirase

Name of Mr. Takashi Terabayashi Mr. Riuji Kawashima
(Appointed on (Appointed on
employee (Resigned on April 9, 2018) (Resigned on 24.10.2018)
07.05.2018) 22.07.2017)
Designation Managing Director Director Director Director
Remuneration
Rs. 39,00,564/- Rs. 1,26,41,627/- Rs. 1,59,11,151/- Rs. 2,13,93,424/-
Received
Nature of
Contractual Contractual Contractual Contractual
Employment
Other terms As per employment As per employment As per employment As per employment
and conditions agreement agreement agreement agreement
Nature of Management of the Management of the Management of the Management of the

Duties Company Company Company Company
Qualification Graduate Graduate Post Graduate Law Graduate

and experience 34 Years 28 Years 34 Years 31 Years
Date of
01/01/2012 07/05/2018 11/02/2011 22/07/2017
employment
Age of the
59 Years 49 Years 59 Years 54 Years
employee
Last
Yamaha Motor Co., Ltd., Yamaha Motor Co., Ltd., Yamaha Motor Co., Ltd.,
employment Mitsui & Co. Ltd., Japan
Japan Japan Japan
held
[700500] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)

Directors signing financial statements [Axis] 1 2
01/01/2018 01/01/2018
to to
31/12/2018 31/12/2018
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
First name of director Yukihiko Motofumi
Last name of director Tada Shitara
Designation of director Director Managing Director
Director identification number of director 08118800 08048248
Date of signing of financial statements by director 25/01/2019 25/01/2019
59

01/01/2018
to
31/12/2018
Name of company secretary Akriti Yadav
Permanent account number of company secretary ALUPY4516E
Date of signing of financial statements by company secretary 25/01/2019
[700400] Disclosures - Auditors report
Details regarding auditors [Table] ..(1)

Auditors [Axis] 1
01/01/2018
to
31/12/2018
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Narendra Singhania
Name of audit firm & Co.
Name of auditor signing report Girish Singhania
Firms registration number of audit firm 009781N
Membership number of auditor 092687
E-22, 2nd Floor,
Address of auditors Hauz Khas New
Delhi- 110016
Permanent account number of auditor or auditor's firm AAGFN3125K
SRN of form ADT-1 G87115176
Date of signing audit report by auditors 25/01/2019
Date of signing of balance sheet by auditors 25/01/2019
60
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Auditor's Clause not
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark applicable
[Member] [Member]
01/01/2018 01/01/2018
to to
31/12/2018 31/12/2018
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [LineItems]
Textual information
Disclosure in auditors report relating to fixed assets (23) [See below]
The Company has
maintained proper
records showing full
particulars,
Disclosure relating to quantitative details of fixed assets including
quantitative details
and situation of
fixed assets.
Fixed assets have
been physically
verified by the
management during
Disclosure relating to physical verification and material discrepancies of fixed
the year and no
assets material
discrepancies were
identified on such
verification.
Textual information
Disclosure relating to title deeds of immovable properties (24) [See below]
The management
has conducted
physical verification
of inventory at
reasonable intervals
Disclosure in auditors report relating to inventories during the year and
no material
discrepancies were
noticed on such
physical
verification.
Textual information
Disclosure in auditors report relating to loans (25) [See below]
Disclosure about loans granted to parties covered under section 189 of companies Textual information
act (26) [See below]
Disclosure in auditors report relating to compliance with Section 185 and 186 of Textual information
Companies Act, 2013 (27) [See below]
The Company has
not accepted any
Disclosure in auditors report relating to deposits accepted deposits from the
public.
Textual information
Disclosure in auditors report relating to maintenance of cost records (28) [See below]
Textual information
Disclosure in auditors report relating to statutory dues [TextBlock] (29) [See below]
Disclosure relating to regularity in payment of undisputed statutory dues Textual information
[TextBlock] (30) [See below]
Textual information
Disclosure relating to disputed statutory dues [TextBlock] (31) [See below]
Textual information
Disclosure in auditors report relating to default in repayment of financial dues (32) [See below]
Disclosure in auditors report relating to public offer and term loans used for Textual information
purpose for which those were raised (33) [See below]
Disclosure in auditors report relating to fraud by the company or on the Textual information
company by its officers or its employees reported during period (34) [See below]
Textual information
Disclosure in auditors report relating to managerial remuneration (35) [See below]
In our opinion, the
Company is not a
nidhi company.
Therefore, the
provisions of clause
Disclosure in auditors report relating to Nidhi Company 3(xii) of the order
are not applicable to
the Company and
hence not
commented upon.
Textual information
Disclosure in auditors report relating to transactions with related parties (36) [See below]
61
Disclosure in auditors report relating to preferential allotment or private Textual information

placement of shares or convertible debentures (37) [See below]
Disclosure in auditors report relating to non-cash transactions with directors Textual information
or persons connected with him (38) [See below]
According to the
information and
explanations given
to us, the provisions
Disclosure in auditors report relating to registration under section 45-IA of
of section 45-IA of
Reserve Bank of India Act, 1934 the Reserve Bank of
India Act, 1934 are
not applicable to the
Company

01/01/2018
to
31/12/2018
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks
Auditor's qualification(s), reservation(s) or adverse remark(s) in
Not Applicable
auditors' report
Disclosure in auditors report relating to fixed assets

The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets. Fixed assets
have been physically verified by the management during the year and no material discrepancies were identified on such verification.
According to the information and explanations given by the management, the title deeds of immovable properties included in property, plant
and equipment/ fixed assets are held in the name of the company.
Disclosure relating to title deeds of immovable properties

According to the information and explanations given by the management, the title deeds of immovable properties included in property, plant
and equipment/ fixed assets are held in the name of the company.
Disclosure in auditors report relating to loans

According to the information and explanations given to us, the Company has not granted any loans, secured or unsecured to companies,
firms, Limited Liability Partnerships or other parties covered in the register maintained under section 189 of the Companies Act, 2013.
Accordingly, the provisions of clause 3(iii)(a), (b) and (c) of the Order are not applicable to the Company and hence not commented upon. In
our opinion and according to the information and explanations given to us, there are no loans, investments, guarantees, and securities given in
respect of which provisions of section 185 and 186 of the Companies Act 2013 are applicable and hence not commented upon.
Disclosure about loans granted to parties covered under section 189 of companies act
According to the information and explanations given to us, the Company has not granted any loans, secured or unsecured to companies,
firms, Limited Liability Partnerships or other parties covered in the register maintained under section 189 of the Companies Act, 2013.
Accordingly, the provisions of clause 3(iii)(a), (b) and (c) of the Order are not applicable to the Company and hence not commented upon.
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013
In our opinion and according to the information and explanations given to us, there are no loans, investments, guarantees, and securities
given in respect of which provisions of section 185 and 186 of the Companies Act 2013 are applicable and hence not commented upon.
62
Disclosure in auditors report relating to maintenance of cost records

To the best of our knowledge and as explained, the Central Government has not specified the maintenance of cost records under Section
148(1) of the Companies Act, 2013, for the products/services of the Company.
Disclosure in auditors report relating to statutory dues [Text Block]

The Company is regular in depositing with appropriate authorities undisputed statutory dues including provident fund, employees’ state
insurance, income-tax, duty of custom, goods and service tax, cess and other statutory dues applicable to it. According to the information and
explanations given to us, no undisputed amounts payable in respect of provident fund, employees’ state insurance, income-tax, duty of
custom, goods and service tax, cess and other statutory dues were outstanding, at the year end, for a period of more than six months from the
date they became payable. (c) According to the records of the Company, the dues of income-tax, sales-tax, service tax, duty of custom, duty
of excise, value added tax and cess on account of any dispute, are as follows: S. No. Name of the statute Nature of the dues Amount** (Rs.
In Crores) Period to which the amount relates Forum where the dispute is pending 1 Sales Tax Act Entry tax 0.51 2008-11 Supreme Court
(amount is net of paid under protest) 2 Sales Tax Act Form 16 1.94 2009-11 Deputy Commissioner (Commercial Taxes) 3 Sales Tax Act
Check Post Matter 0.21 2013-14 Deputy Commissioner (Commercial Taxes) 4 Sales Tax Act GR Form 0.41 2009-10 and 2011-12 Deputy
Commissioner (Commercial Taxes) 5 Central Excise Act Excise Duty 0.05 Jan-11 to Apr-11 Commissioner (Excise, Service tax and
Customs) 6 Central Excise Act Excise Duty 1.14 Jun-06 to Dec-10 Commissioner (Excise, Service tax and Customs) 7 Central Excise Act
Service Tax 1.25 2012-13 CESTAT 8 Central Excise Act Service Tax 0.70 2014-15 CESTAT 9 Central Excise Act Service Tax 0.49 Dec-09
to Mar-13 CESTAT 10 Central Excise Act Excise Duty 4.87 2009-13 CESTAT 11 Central Excise Act Service Tax 1.36 2013-14 CESTAT
12 Central Excise Act Service Tax 0.51 Apr-10 to Mar-15 CESTAT 13 Central Excise Act Excise Duty 360.18 (net of amount deposited
under protest Rs. 29.20 Crores) Various Dates Commissioner (Excise, Service tax and Customs) 14 Central Excise Act Service Tax 11.42
2016-17 Additional Commissioner (Excise, Service tax and Customs) 15 Central Excise Act Service Tax 1.43 2015-16 Commissioner
Appeals (Central Excise) 16 Central Excise Act Excise Duty 0.68 Apr-15 to Jun-17 Joint Commissioner (GST and Central Excise) 17 Central
Excise Act Service Tax 0.13 Apr-16 to Jun-17 Commissioner Appeals (Customs and CGST)
Disclosure relating to regularity in payment of undisputed statutory dues [Text Block]

The Company is regular in depositing with appropriate authorities undisputed statutory dues including provident fund, employees’ state
insurance, income-tax, duty of custom, goods and service tax, cess and other statutory dues applicable to it. (b) According to the information
and explanations given to us, no undisputed amounts payable in respect of provident fund, employees’ state insurance, income-tax, duty of
custom, goods and service tax, cess and other statutory dues were outstanding, at the year end, for a period of more than six months from the
date they became payable.
Disclosure relating to disputed statutory dues [Text Block]

According to the records of the Company, the dues of income-tax, sales-tax, service tax, duty of custom, duty of excise, value added tax and
cess on account of any dispute, are as follows: S. No. Name of the statute Nature of the dues Amount** (Rs. In Crores) Period to which the
amount relates Forum where the dispute is pending 1 Sales Tax Act Entry tax 0.51 2008-11 Supreme Court (amount is net of paid under
protest) 2 Sales Tax Act Form 16 1.94 2009-11 Deputy Commissioner (Commercial Taxes) 3 Sales Tax Act Check Post Matter 0.21 2013-14
Deputy Commissioner (Commercial Taxes) 4 Sales Tax Act GR Form 0.41 2009-10 and 2011-12 Deputy Commissioner (Commercial
Taxes) 5 Central Excise Act Excise Duty 0.05 Jan-11 to Apr-11 Commissioner (Excise, Service tax and Customs) 6 Central Excise Act
Excise Duty 1.14 Jun-06 to Dec-10 Commissioner (Excise, Service tax and Customs) 7 Central Excise Act Service Tax 1.25 2012-13
CESTAT 8 Central Excise Act Service Tax 0.70 2014-15 CESTAT 9 Central Excise Act Service Tax 0.49 Dec-09 to Mar-13 CESTAT 10
Central Excise Act Excise Duty 4.87 2009-13 CESTAT 11 Central Excise Act Service Tax 1.36 2013-14 CESTAT 12 Central Excise Act
Service Tax 0.51 Apr-10 to Mar-15 CESTAT 13 Central Excise Act Excise Duty 360.18 (net of amount deposited under protest Rs. 29.20
Crores) Various Dates Commissioner (Excise, Service tax and Customs) 14 Central Excise Act Service Tax 11.42 2016-17 Additional
Commissioner (Excise, Service tax and Customs) 15 Central Excise Act Service Tax 1.43 2015-16 Commissioner Appeals (Central Excise)
16 Central Excise Act Excise Duty 0.68 Apr-15 to Jun-17 Joint Commissioner (GST and Central Excise) 17 Central Excise Act Service Tax
0.13 Apr-16 to Jun-17 Commissioner Appeals (Customs and CGST)
Disclosure in auditors report relating to default in repayment of financial dues

In our opinion and according to the information and explanations given by the management, the Company has not defaulted in repayment of
loans or borrowing to bank. The Company did not have any outstanding dues in respect of a financial institution or to government and did not
have any outstanding debentures during the year.
63
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
According to the information and explanations given by the management, the Company has not raised any money way of initial public offer /
further public offer / debt instruments) and term loans hence, reporting under clause (ix) is not applicable to the Company and hence not
commented upon.
Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
Based upon the audit procedures performed for the purpose of reporting the true and fair view of the financial statements and according to the
information and explanations given by the management, we report that no fraud by the company or no fraud / material fraud on the company
by the officers and employees of the Company has been noticed or reported during the year.
Disclosure in auditors report relating to managerial remuneration

According to the information and explanations given by the management, the provisions of section 197 read with Schedule V of the Act are
not applicable to the company and hence reporting under clause 3(xi) are not applicable and hence not commented upon.
Disclosure in auditors report relating to transactions with related parties

According to the information and explanations given by the management, transactions with the related parties are in compliance with section
188 of Companies Act, 2013 where applicable and the details have been disclosed in the notes to the financial statements, as required by the
applicable accounting standards. The provisions of sec 177 are not applicable to the company and accordingly reporting under clause 3(xiii)
insofar as it relates to section 177 of the Act is not applicable to the Company and hence not commented upon.
Disclosure in auditors report relating to preferential allotment or private placement of shares or convertible
debentures
According to the information and explanations given to us and on an overall examination of the balance sheet, the company has not made any
preferential allotment or private placement of shares or fully or partly convertible debentures during the year under review and hence,
reporting requirements under clause 3(xiv) are not applicable to the company and, not commented upon.
Disclosure in auditors report relating to non-cash transactions with directors or persons connected with him
According to the information and explanations given by the management, the Company has not entered into any non-cash transactions with
directors or persons connected with him as referred to in section 192 of Companies Act, 2013.
64
Disclosure in auditor’s report explanatory [Text Block]
INDEPENDENT AUDITOR’S REPORT
To the Members of India Yamaha Motor Private Limited
Report on the Standalone Ind AS Financial Statements
We have audited the accompanying standalone Ind AS financial statements of India Yamaha Motor Private Limited (“the Company”), which
comprise the Balance Sheet as at December 31, 2018, the Statement of Profit and Loss, including the statement of Other Comprehensive
Income, the Cash Flow Statement and the Statement of Changes in Equity for the year then ended, and a summary of significant accounting
policies and other explanatory information.
Management’s Responsibility for the Standalone Ind AS Financial Statements
The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (“the Act”) with
respect to the preparation of these standalone Ind AS financial statements that give a true and fair view of the financial position, financial
performance including other comprehensive income, cash flows and changes in equity of the Company in accordance with accounting
principles generally accepted in India, including the Indian Accounting Standards (Ind AS) specified under section 133 of the Act, read with
the Companies (Indian Accounting Standards) Rules, 2015, as amended. This responsibility also includes maintenance of adequate
accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and
detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that
are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial control that were operating
effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the
standalone Ind AS financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these standalone Ind AS financial statements based on our audit. We have taken into account
the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the
provisions of the Act and the Rules made thereunder. We conducted our audit of the standalone Ind AS financial statements in accordance
with the Standards on Auditing, issued by the Institute of Chartered Accountants of India, as specified under Section 143(10) of the Act.
Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The
procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the standalone Ind
AS financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control
relevant to the Company’s preparation of the standalone Ind AS financial statements that give a true and fair view in order to design audit
procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and
the reasonableness of the accounting estimates made by the Company’s Directors, as well as evaluating the overall presentation of the
standalone Ind AS financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our audit opinion on the standalone Ind AS financial statements.
Opinion
In our opinion and to the best of our information and according to the explanations given to us, the standalone Ind AS financial statements
give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles
generally accepted in India, of the state of affairs of the Company as at December 31, 2018, its profit including other comprehensive income,
its cash flows and the changes in equity for the year ended on that date.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor’s report) Order, 2016 (“the Order”) issued by the Central Government of India in terms of
sub-section (11) of section 143 of the Act, we give in the “Annexure 1” a statement on the matters specified in paragraphs 3 and 4 of the
Order.
2. As required by section 143(3) of the Act, we report that:
(a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the
purpose of our audit;
(b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of
those books;
65
(c) The Balance Sheet, Statement of Profit and Loss including the Statement of Other Comprehensive Income, the Cash Flow Statement
and Statement of Changes in Equity dealt with by this Report are in agreement with the books of account;
(d) In our opinion, the aforesaid standalone Ind AS financial statements comply with the Indian Accounting Standards specified under
section 133 of the Act, read with Companies (Indian Accounting Standards) Rules, 2015, as amended;
(e) On the basis of written representations received from the directors as on December 31, 2018, and taken on record by the Board of
Directors, none of the directors is disqualified as on December 31, 2018, from being appointed as a director in terms of section 164 (2) of the
Act;
(f) With respect to the adequacy of the internal financial controls over financial reporting of the Company with reference to these
standalone Ind AS financial statements and the operating effectiveness of such controls, refer to our separate Report in “Annexure 2” to this
report;
(g) The provisions of section 197 read with Schedule V of the Act are not applicable to the Company for the year ended December 31,
2018;
(h) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and
Auditors) Rules, 2014, as amended, in our opinion and to the best of our information and according to the explanations given to us:
i. The Company has disclosed the impact of pending litigations on its financial position in its standalone Ind AS financial statements –
Refer Note 28 to the standalone Ind AS financial statements;
ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable
losses.
iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.
For Narendra Singhania & Co.

Chartered Accountants
Firm Registration Number: 009781N
Sd/-
Girish Singhania
Partner
Membership Number: 092687
Place: New Delhi
Date: 25th January 2019
Annexure 1 referred to in paragraph under the heading “Report on Other Legal and Regulatory requirements” of our report of even date
Re: India Yamaha Motor Private Limited (“the Company”)

(i) (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed
assets.
(b) Fixed assets have been physically verified by the management during the year and no material discrepancies were identified on such
verification.
(c) According to the information and explanations given by the management, the title deeds of immovable properties included in property,
plant and equipment/ fixed assets are held in the name of the company.
(ii) The management has conducted physical verification of inventory at reasonable intervals during the year and no material
discrepancies were noticed on such physical verification.
(iii) According to the information and explanations given to us, the Company has not granted any loans, secured or unsecured to
companies, firms, Limited Liability Partnerships or other parties covered in the register maintained under section 189 of the Companies Act,
2013. Accordingly, the provisions of clause 3(iii)(a), (b) and (c) of the Order are not applicable to the Company and hence not commented
upon.
(iv) In our opinion and according to the information and explanations given to us, there are no loans, investments, guarantees, and
securities given in respect of which provisions of section 185 and 186 of the Companies Act 2013 are applicable and hence not commented
upon.
(v) The Company has not accepted any deposits from the public.
(vi) To the best of our knowledge and as explained, the Central Government has not specified the maintenance of cost records under
Section 148(1) of the Companies Act, 2013, for the products/services of the Company.
(vii) (a) The Company is regular in depositing with appropriate authorities undisputed statutory dues including provident fund,
employees’ state insurance, income-tax, duty of custom, goods and service tax, cess and other statutory dues applicable to it.
66
(b) According to the information and explanations given to us, no undisputed amounts payable in respect of provident fund, employees’ state
insurance, income-tax, duty of custom, goods and service tax, cess and other statutory dues were outstanding, at the year end, for a period of
more than six months from the date they became payable.
(c) According to the records of the Company, the dues of income-tax, sales-tax, service tax, duty of custom, duty of excise, value added tax
67
and cess on account of any dispute, are as follows:
S. Name of Nature of Period to which the Forum where the dispute is

Amount** (Rs. In Crores)
No. the statute the dues amount relates pending
Sales Tax Supreme Court (amount is net of

1 Entry tax 0.51 2008-11
Act paid under protest)
Sales Tax Deputy Commissioner (Commercial

2 Form 16 1.94 2009-11
Act Taxes)
Check
Sales Tax Deputy Commissioner (Commercial
3 Post 0.21 2013-14
Act Taxes)
Matter
Sales Tax 2009-10 and Deputy Commissioner (Commercial

4 GR Form 0.41
Act 2011-12 Taxes)
Central Excise Commissioner (Excise, Service tax

5 0.05 Jan-11 to Apr-11
Excise Act Duty and Customs)
Central Excise Commissioner (Excise, Service tax

6 1.14 Jun-06 to Dec-10
Excise Act Duty and Customs)
Central Service
7 1.25 2012-13 CESTAT
Excise Act Tax
Central Service
8 0.70 2014-15 CESTAT
Excise Act Tax
Central Service
9 0.49 Dec-09 to Mar-13 CESTAT
Excise Act Tax
Central Excise
10 4.87 2009-13 CESTAT
Excise Act Duty
Central Service
11 1.36 2013-14 CESTAT
Excise Act Tax
Central Service
12 0.51 Apr-10 to Mar-15 CESTAT
Excise Act Tax
Central Excise 360.18 (net of amount deposited Commissioner (Excise, Service tax
13 Various Dates
Excise Act Duty under protest Rs. 29.20 Crores) and Customs)
Central Service Additional Commissioner (Excise,

14 11.42 2016-17
Excise Act Tax Service tax and Customs)
Central Service Commissioner Appeals (Central

15 1.43 2015-16
Excise Act Tax Excise)
Central Excise Joint Commissioner (GST and

16 0.68 Apr-15 to Jun-17
Excise Act Duty Central Excise)
Central Service Commissioner Appeals (Customs

17 0.13 Apr-16 to Jun-17
Excise Act Tax and CGST)
(viii) In our opinion and according to the information and explanations given by the management, the Company has not defaulted in
repayment of loans or borrowing to bank. The Company did not have any outstanding dues in respect of a financial institution or to
government and did not have any outstanding debentures during the year.
(ix) According to the information and explanations given by the management, the Company has not raised any money way of initial
public offer / further public offer / debt instruments) and term loans hence, reporting under clause (ix) is not applicable to the Company and
hence not commented upon.
(x) Based upon the audit procedures performed for the purpose of reporting the true and fair view of the financial statements and
68
according to the information and explanations given by the management, we report that no fraud by the company or no fraud / material fraud
on the company by the officers and employees of the Company has been noticed or reported during the year.
(xi) According to the information and explanations given by the management, the provisions of section 197 read with Schedule V of
the Act are not applicable to the company and hence reporting under clause 3(xi) are not applicable and hence not commented upon.
(xii) In our opinion, the Company is not a nidhi company. Therefore, the provisions of clause 3(xii) of the order are not applicable to
the Company and hence not commented upon.
(xiii) According to the information and explanations given by the management, transactions with the related parties are in compliance
with section 188 of Companies Act, 2013 where applicable and the details have been disclosed in the notes to the financial statements, as
required by the applicable accounting standards. The provisions of sec 177 are not applicable to the company and accordingly reporting
under clause 3(xiii) insofar as it relates to section 177 of the Act is not applicable to the Company and hence not commented upon.
(xiv) According to the information and explanations given to us and on an overall examination of the balance sheet, the company has
not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year under review and
hence, reporting requirements under clause 3(xiv) are not applicable to the company and, not commented upon.
(xv) According to the information and explanations given by the management, the Company has not entered into any non-cash
transactions with directors or persons connected with him as referred to in section 192 of Companies Act, 2013.
(xvi) According to the information and explanations given to us, the provisions of section 45-IA of the Reserve Bank of India Act, 1934
are not applicable to the Company

Sd/-
Girish Singhania
Partner
Place: New Delhi
INDEPENDENT AUDITOR’S REPORT
To the Members of India Yamaha Motor Private Limited
Report on the Consolidated Ind AS Financial Statements
We have audited the accompanying consolidated Ind AS financial statements of India Yamaha Motor Private Limited (hereinafter referred to
as “the Company”) and Yamaha Motor Solutions (India) Private Limited, its Associate comprising of the consolidated Balance Sheet as at
December 31, 2018, the consolidated Statement of Profit and Loss including other comprehensive income, the consolidated Cash Flow
Statement, the consolidated Statement of Changes in Equity for the year then ended, and a summary of significant accounting policies and
other explanatory information (hereinafter referred to as “the consolidated Ind AS financial statements”).
Management’s Responsibility for the Consolidated Ind AS Financial Statements
The Company’s Board of Directors is responsible for the preparation of these consolidated Ind AS financial statements in terms of the
requirement of the Companies Act, 2013 (“the Act”) that give a true and fair view of the consolidated financial position, consolidated
financial performance including other comprehensive income, consolidated cash flows and consolidated statement of changes in equity of the
Company including its Associate in accordance with accounting principles generally accepted in India, including the Indian Accounting
Standards (Ind AS) specified under Section 133 of the Act, read with the Companies (Indian Accounting Standard) Rules, 2015, as amended.
The respective Board of Directors of the Company and of its Associate are responsible for maintenance of adequate accounting records in
accordance with the provisions of the Act for safeguarding of the assets of the Company and of its associate and for preventing and detecting
frauds and other irregularities; the selection and application of appropriate accounting policies; making judgments and estimates that are
reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating
effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial
statements that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the
purpose of preparation of the consolidated Ind AS financial statements by the Directors of the Company, as aforesaid.
Auditor’s Responsibility
Our responsibility is to express an opinion on these consolidated Ind AS financial statements based on our audit. While conducting the audit,
we have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in
the audit report under the provisions of the Act and the Rules made thereunder. We conducted our audit in accordance with the Standards on
Auditing, issued by the Institute of Chartered Accountants of India, as specified under Section 143(10) of the Act. Those Standards require
that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements.
69
The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the consolidated
financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant
to the Company’s preparation of the consolidated Ind AS financial statements that give a true and fair view in order to design audit
procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and
the reasonableness of the accounting estimates made by the Company’s Board of Directors, as well as evaluating the overall presentation of
the consolidated financial statements. We believe that the audit evidence obtained by us and the audit evidence obtained by the other auditors
in terms of their reports referred to in sub-paragraph (a) of the Other Matters paragraph below, is sufficient and appropriate to provide a basis
for our audit opinion on the consolidated Ind AS financial statements.
Opinion
In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of
other auditors on separate financial statements and on the other financial information of the Associate, the aforesaid consolidated Ind AS
financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the
accounting principles generally accepted in India of the consolidated state of affairs of the Company and its associate as at December 31,
2018, their consolidated profit including other comprehensive income, their consolidated cash flows and consolidated statement of changes
in equity for the year ended on that date.
Other Matter
(a) The consolidated Ind AS financial statements also include the Company’s share of net profit of Rs. 0.69 Crores for the year ended
December 31, 2018, as considered in the consolidated Ind AS financial statements, in respect of the Associate, whose financial statements,
other financial information have been audited by other auditor and whose report have been furnished to us by the Management. Our opinion
on the consolidated Ind AS financial statements, in so far as it relates to the amounts and disclosures included in respect of the Associate, and
our report in terms of sub-sections (3) of Section 143 of the Act, in so far as it relates to the Associate, is based solely on the report of such
other auditors.
(b) The consolidated Ind AS financial statements of the Company for the year ended December 31, 2017, included in these consolidated
Ind AS financial statements, have been audited by the predecessor auditor who expressed an unmodified opinion on those statements on
January 24, 2018.
Our opinion above on the consolidated Ind AS financial statements, and our report on Other Legal and Regulatory Requirements below, is
not modified in respect of the above matters with respect to our reliance on the work done and the report of the other auditor and the financial
statements and other financial information certified by the Management.
Report on Other Legal and Regulatory Requirements
As required by section 143 (3) of the Act, based on our audit and on the consideration of report of the other auditor on separate financial
statements and the other financial information of the Associate and as noted in the ‘other matter’ paragraph we report, to the extent
applicable, that:
(a) We / the other auditor whose report we have relied upon, have sought and obtained all the information and explanations which to the
best of our knowledge and belief were necessary for the purpose of our audit of the aforesaid consolidated Ind AS financial statements;
(b) In our opinion proper books of account as required by law relating to preparation of the aforesaid consolidated Ind AS financial
statements have been kept so far as it appears from our examination of those books and reports of the other auditor;
(c) The consolidated Balance Sheet, consolidated Statement of Profit and Loss including the Statement of Other Comprehensive Income,
the consolidated Cash Flow Statement and consolidated Statement of Changes in Equity dealt with by this Report are in agreement with the
books of account maintained for the purpose of preparation of the consolidated Ind AS financial statements;
(d) In our opinion, the aforesaid consolidated Ind AS financial statements comply with the Indian Accounting Standards specified under
section 133 of the Act, read with Companies (Indian Accounting Standard) Rules, 2015, as amended;
(e) On the basis of the written representations received from the directors of the Company as on December 31, 2018 taken on record by the
Board of Directors of the Company and the report of the statutory auditor who are appointed under Section 139 of the Act, of its Associate
company incorporated in India, none of the directors of the Company and its Associate incorporated in India is disqualified as on
December 31, 2018 from being appointed as a director in terms of Section 164 (2) of the Act.
(f) With respect to the adequacy and the operating effectiveness of the internal financial controls over financial reporting with reference to
these consolidated Ind AS financial statements of the Company and its Associate company incorporated in India, refer to our separate report
in “Annexure 1” to this report. Pursuant to Notification G.S.R. 583(E), dated 13 June 2017 issued by the Ministry of Corporate Affairs,
Section 143(3)(i) of the Act is not applicable to the Associate company;
(g) The provisions of section 197 read with Schedule V of the Act are not applicable to the Company and its Associate incorporated in
India for the year ended December 31, 2018;
(h) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and
Auditors) Rules, 2014, as amended, in our opinion and to the best of our information and according to the explanations given to us and based
on the consideration of the report of the other auditor on separate financial statements as also the other financial information of the Associate
and as noted in the ‘Other matter’ paragraph:
i. The consolidated Ind AS financial statements disclose the impact of pending litigations on the consolidated financial position of the
Company and its Associate – Refer Note 28 to the consolidated Ind AS financial statements;
ii. The Company and its Associate did not have any material foreseeable losses in long-term contracts including derivative contracts
70
during the year ended December 31, 2018.
iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company and its
Associate incorporated in India during the year ended December 31, 2018.

Sd/-
Girish Singhania
Partner
Place: New Delhi
[700700] Disclosures - Secretarial audit report

01/01/2018
to
31/12/2018
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No
Whether secretarial audit report has been qualified or has any
No
observation or other remarks
71
[110000] Balance sheet

31/12/2018 31/12/2017 31/12/2016
Balance sheet [Abstract]
Assets [Abstract]
Non-current assets [Abstract]
Property, plant and equipment 2,146,16,64,762.77 1,991,98,32,383.85
Capital work-in-progress 216,78,85,720.35 212,76,46,880.68
Other intangible assets 192,40,70,163.58 169,02,57,451.6
Investments accounted for using equity method (A) 3,22,71,522.59 (B) 3,09,36,433
Non-current financial assets [Abstract]
Non-current investments 2,50,000 2,50,000
Loans, non-current 9,51,24,420 12,04,09,372
Other non-current financial assets 2,17,591 13,97,183.75
Total non-current financial assets 9,55,92,011 12,20,56,555.75
Deferred tax assets (net) 323,09,77,452.28 335,80,40,875
Other non-current assets 325,55,77,085.13 146,32,37,789.37
Total non-current assets 3,216,80,38,717.7 2,871,20,08,369.25
Current assets [Abstract]
Inventories 499,61,41,475 347,00,79,473
Current financial assets [Abstract]
Current investments 0 0
Trade receivables, current 178,00,07,694 155,72,16,698
Cash and cash equivalents 2,30,61,921 9,74,42,334.03
Loans, current 3,97,03,921 4,88,84,130
Other current financial assets 67,53,17,179.72 164,74,10,205.31
Total current financial assets 251,80,90,715.72 335,09,53,367.34
Other current assets 405,58,45,813.28 430,81,70,775
Total current assets 1,157,00,78,004 1,112,92,03,615.34
Total assets 4,373,81,16,721.7 3,984,12,11,984.59
Equity and liabilities [Abstract]
Equity [Abstract]
Equity attributable to owners of parent [Abstract]
Equity share capital 1,313,71,35,160 1,313,71,35,160 1,313,71,35,160
Other equity -211,14,88,331.6 -233,00,48,166.95
Total equity attributable to owners of parent 1,102,56,46,828.4 1,080,70,86,993.05
Non controlling interest 0 0
Total equity 1,102,56,46,828.4 1,080,70,86,993.05
Liabilities [Abstract]
Non-current liabilities [Abstract]
Non-current financial liabilities [Abstract]
Borrowings, non-current 345,15,72,949 459,00,21,185
Other non-current financial liabilities 67,45,10,879 23,47,77,732
Total non-current financial liabilities 412,60,83,828 482,47,98,917
Provisions, non-current 92,23,22,554.99 91,09,57,874
Other non-current liabilities 16,68,35,487.63 25,83,33,672.36
Total non-current liabilities 521,52,41,870.62 599,40,90,463.36
Current liabilities [Abstract]
Current financial liabilities [Abstract]
Borrowings, current 743,37,92,858 548,00,00,000
Trade payables, current 729,08,00,027.84 606,14,08,476.69
Other current financial liabilities 1,107,01,73,654.01 1,023,60,86,407.85
Total current financial liabilities 2,579,47,66,539.85 2,177,74,94,884.54
Other current liabilities 146,03,90,040.82 104,16,23,596
Provisions, current 24,20,71,442.01 22,09,16,047.64
Total current liabilities 2,749,72,28,022.68 2,304,00,34,528.18
Total liabilities 3,271,24,69,893.3 2,903,41,24,991.54
Total equity and liabilities 4,373,81,16,721.7 3,984,12,11,984.59
Footnotes
(A) : 32271522.59 (f) Income tax assets : 0
(B) : 0 (f) Income tax assets : 30936433
72
[210000] Statement of profit and loss
Earnings per share [Table] ..(1)

Classes of equity share capital [Axis] Equity shares 1 [Member]
01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Statement of profit and loss [Abstract]
Earnings per share [Abstract]
Earnings per share [Line items]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from continuing operations [INR/shares] 0.18 [INR/shares] 0.07
Basic earnings (loss) per share from discontinued operations [INR/shares] 0 [INR/shares] 0
Total basic earnings (loss) per share [INR/shares] 0.18 [INR/shares] 0.07
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from continuing operations [INR/shares] 0.18 [INR/shares] 0.07
Diluted earnings (loss) per share from discontinued operations [INR/shares] 0 [INR/shares] 0
Total diluted earnings (loss) per share [INR/shares] 0.18 [INR/shares] 0.07
73

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Statement of profit and loss [Abstract]
Income [Abstract]
Revenue from operations 6,274,05,79,767 5,802,13,44,221
Other income 120,13,07,212.25 229,84,34,817.24
Total income 6,394,18,86,979.25 6,031,97,79,038.24
Expenses [Abstract]
Cost of materials consumed 4,790,66,04,147 4,158,95,53,671
Purchases of stock-in-trade 1,64,37,072.8 0
Changes in inventories of finished goods, work-in-progress and
-81,02,82,958.48 17,03,83,202.62
stock-in-trade
Employee benefit expense 462,48,58,124.36 431,78,04,808.95
Finance costs 88,24,27,180.54 91,24,05,234.34
Depreciation, depletion and amortisation expense 270,22,66,278.36 242,39,30,784.52
Other expenses 825,55,99,540.61 1,078,20,73,843.63
Total expenses 6,357,79,09,385.19 6,019,61,51,545.06
Profit before exceptional items and tax 36,39,77,594.06 12,36,27,493.18
Total profit before tax 36,39,77,594.06 12,36,27,493.18
Tax expense [Abstract]
Current tax 0 0
Deferred tax 13,34,77,161.89 3,03,74,294.43
Total tax expense 13,34,77,161.89 3,03,74,294.43
Total profit (loss) for period from continuing operations 23,05,00,432.17 9,32,53,198.75
Total profit (loss) for period 23,05,00,432.17 9,32,53,198.75
Comprehensive income OCI components presented net of tax [Abstract]
Whether company has other comprehensive income OCI components
Yes Yes
presented net of tax
Other comprehensive income net of tax [Abstract]
Components of other comprehensive income that will not be
reclassified to profit or loss, net of tax [Abstract]
Other comprehensive income, net of tax, gains (losses) on
-1,83,54,336 70,00,568
remeasurements of defined benefit plans
Other comprehensive income that will not be reclassified to
64,13,739.17 -24,22,756.57
profit or loss, net of tax, others
Total other comprehensive income that will not be reclassified
-1,19,40,596.83 45,77,811.43
to profit or loss, net of tax
Other comprehensive income that will be reclassified to profit
0 0
or loss, net of tax, others
Total other comprehensive income that will be reclassified to
0 0
profit or loss, net of tax
Total other comprehensive income -1,19,40,596.83 45,77,811.43
Total comprehensive income 21,85,59,835.34 9,78,31,010.18
Comprehensive income OCI components presented before tax [Abstract]
Whether company has comprehensive income OCI components presented
No No
before tax
Other comprehensive income before tax [Abstract]
Total other comprehensive income -1,19,40,596.83 45,77,811.43
Total comprehensive income 21,85,59,835.34 9,78,31,010.18
Earnings per share explanatory [TextBlock]
Earnings per share [Abstract]
74
[210000a] Statement of profit and loss
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others [Table] ..(1)
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others [Axis] 1
01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Other comprehensive income that will not be reclassified to profit or loss, net of tax,
others [Abstract]
others [Line items]
Description of other comprehensive income that will not be reclassified to profit Income tax effect Income tax effect on
or loss, net of tax, others on above above
64,13,739.17 -24,22,756.57
others
[400200] Statement of changes in equity
Statement of changes in equity [Table] ..(1)

Equity attributable
to the equity
Components of equity [Axis] Equity [Member]
holders of the
parent [Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 23,05,00,432.17 9,32,53,198.75 23,05,00,432.17
Changes in comprehensive income components -1,19,40,596.82 45,77,811.43 -1,19,40,596.82
Total comprehensive income 21,85,59,835.35 9,78,31,010.18 21,85,59,835.35
Total increase (decrease) in equity 21,85,59,835.35 9,78,31,010.18 21,85,59,835.35
Other equity at end of period -211,14,88,331.6 -233,00,48,166.95 -242,78,79,177.13 -211,14,88,331.6

Equity attributable to the equity
Components of equity [Axis] Reserves [Member]
holders of the parent [Member]
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
Equity [Abstract]
Profit (loss) for period 9,32,53,198.75 23,05,00,432.17 9,32,53,198.75
Changes in comprehensive income components 45,77,811.43 0 0
Total comprehensive income 9,78,31,010.18 23,05,00,432.17 9,32,53,198.75
Total increase (decrease) in equity 9,78,31,010.18 23,05,00,432.17 9,32,53,198.75
Other equity at end of period -233,00,48,166.95 -242,78,79,177.13 -211,47,62,332.52 -234,52,62,764.69
75

Reserves
Components of equity [Axis] Securities premium reserve [Member]
[Member]
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
Equity [Abstract]
Profit (loss) for period 0 0
Changes in comprehensive income components 0
Total comprehensive income 0 0
Total increase (decrease) in equity 0 0
Other equity at end of period -243,85,15,963.44 19,64,56,219 19,64,56,219 19,64,56,219

Other equity
Components of equity [Axis] General reserve [Member] components
[Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
Equity [Abstract]
Profit (loss) for period 23,05,00,432.17 9,32,53,198.75 0
Changes in comprehensive income components 0 0 -1,19,40,596.82
Total comprehensive income 23,05,00,432.17 9,32,53,198.75 -1,19,40,596.82
Total increase (decrease) in equity 23,05,00,432.17 9,32,53,198.75 -1,19,40,596.82
Other equity at end of period -231,12,18,551.52 -254,17,18,983.69 -263,49,72,182.44 32,74,000.92

Other comprehensive income, others
Components of equity [Axis] Other equity components [Member]
[Member]
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
Equity [Abstract]
Profit (loss) for period 0 0 0
Changes in comprehensive income components 45,77,811.43 -1,19,40,596.82 45,77,811.43
Total comprehensive income 45,77,811.43 -1,19,40,596.82 45,77,811.43
Total increase (decrease) in equity 45,77,811.43 -1,19,40,596.82 45,77,811.43
Other equity at end of period 1,52,14,597.74 1,06,36,786.31 32,74,000.92 1,52,14,597.74

Other
comprehensive
Components of equity [Axis]
income, others
[Member]
31/12/2016
Equity [Abstract]
Other equity at end of period 1,06,36,786.31
76
[320000] Cash flow statement, indirect

01/01/2018 01/01/2017
to to 31/12/2016
31/12/2018 31/12/2017
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before tax 36,39,77,594.06 12,36,27,493.18
Adjustments for reconcile profit (loss) [Abstract]
Adjustments for decrease (increase) in inventories -152,60,62,002 5,07,20,527
Adjustments for other financial assets, non-current 3,44,65,161 1,15,87,630
Adjustments for other financial assets, current 30,96,77,644.12 -42,93,89,450.95
Adjustments for increase (decrease) in other current liabilities -64,06,71,276.18 282,61,73,207.27
Adjustments for depreciation and amortisation expense 270,22,66,278.36 242,39,30,784.52
Adjustments for provisions, current 1,41,65,739.36 11,25,89,509.08
Adjustments for unrealised foreign exchange losses gains 12,19,93,420.44 -60,87,02,255.44
Adjustments for interest income -75,86,78,580.03 -76,50,47,456.47
Other adjustments to reconcile profit (loss) (A) -53,10,96,983.19 (B) -198,51,33,095.87

Total adjustments for reconcile profit (loss) 124,34,16,561.94 316,68,24,312.08
Net cash flows from (used in) operations 160,73,94,156 329,04,51,805.26
Dividends received -14,87,351.25 0
Interest received -60,07,352 -64,67,295
Income taxes paid (refund) 13,35,089.58 -9,63,567
Net cash flows from (used in) operating activities 159,85,64,363.17 328,49,48,077.26
Cash flows from used in investing activities [Abstract]
Proceeds from sales of property, plant and equipment 1,00,11,064.38 3,23,27,202.46
Purchase of property, plant and equipment 372,42,78,294.8 267,41,76,311.22
Dividends received 14,87,351.25 0
Interest received 59,86,397 65,29,144
Other inflows (outflows) of cash -29,37,297 11,64,337
Net cash flows from (used in) investing activities -370,97,30,779.17 -263,41,55,627.76
Cash flows from used in financing activities [Abstract]
Proceeds from borrowings (C) 282,04,71,183 (D) 17,77,60,225
Interest paid 78,66,22,477.03 77,87,55,077.47
Net cash flows from (used in) financing activities 203,38,48,705.97 -60,09,94,852.47
Net increase (decrease) in cash and cash equivalents before effect of
-7,73,17,710.03 4,97,97,597.03
exchange rate changes
Net increase (decrease) in cash and cash equivalents -7,73,17,710.03 4,97,97,597.03
Cash and cash equivalents cash flow statement at end of period 1,53,88,961 9,27,06,671.03 4,29,09,074
Footnotes
(A) Loss on sale/discard of fixed assets : 4743667.25 Provision for Capital work in progress (refer note 43) : 0 Provisions/creditors
written back : -857619 (Increase) in other assets : -596976150.26 Provision for doubtful deposits and advances : 61993118.82
(B) Loss on sale/discard of fixed assets : 31601592.87 Provision for Capital work in progress (refer note 43) : 134500000
Provisions/creditors written back : -82184223 (Increase) in other assets : -2072147747.74 Provision for doubtful deposits and
advances : 3097282
(C) Proceeds/(repayment) of long term borrowings (net) : 866678325 Proceeds/(repayment) of short term borrowings (net) :
1953792858
(D) Proceeds/(repayment) of long term borrowings (net) : -2722239775 Proceeds/(repayment) of short term borrowings (net) :
2900000000
[610100] Notes - List of accounting policies

01/01/2018
to
31/12/2018
Disclosure of significant accounting policies [TextBlock] [See below]
77
Disclosure of significant accounting policies [Text Block]

26. Significant accounting judgements, estimates and assumptions
The preparation of the company’s financial statements requires management to make judgements, estimates
and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the
accompanying disclosures, and the disclosure of contingent liabilities. Uncertainty about these assumptions
and estimates could result in outcomes that require a material adjustment to the carrying amount of assets or
liabilities affected in future periods.
Judgements
In the process of applying the company’s accounting policies, management has made the following
judgements, which have the most significant effect on the amounts recognised in the financial statements:
Contingencies
Contingent liabilities may arise from the ordinary course of business in relation to claims against the
Company, including legal and other claims. By their nature, contingencies will be resolved only when one or
more uncertain future events occur or fail to occur. The assessment of the existence, and potential quantum,
of contingencies inherently involves the exercise of significant judgement and the use of estimates regarding
the outcome of future events.
Estimates And Assumptions
The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting
date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and
liabilities within the next financial year, are described below. The company based its assumptions and
estimates on parameters available when the consolidated financial statements were prepared. Existing
circumstances and assumptions about future developments, however, may change due to market changes or
circumstances arising that are beyond the control of the company. Such changes are reflected in the
assumptions when they occur.
Taxes
Deferred tax assets are recognised for unused tax losses to the extent that it is probable that taxable profit
will be available against which the losses can be utilised. Significant management judgement is required to
determine the amount of deferred tax assets that can be recognised, based upon the likely timing and the
level of future taxable profits together with future tax planning strategies.
The Company has carried forward unabsorbed depreciation . The unabsorbed depreciation pertains to
depreciation for which there is no time limit and may be used to offset the taxable income elsewhere in the
Company. On the basis of the same, the Company has recognised Deferred Tax asset on the unabsorbed
depreciation carried forward.
Defined benefit plans (gratuity benefits)
The cost of defined benefit plans and present value of such obligation are determined using acturial valuation.
An acturial valuation involves making assumptions that may differ from acturial developments in future. These
include the determination of the discount rate, future salary increase. Due to complexities involved in the
valuation and its long-term nature, a defined beneit obligation is highly sensitive to changes in these
assumptions. All assumptions are reviewed at each reporting date.
The parameter most subject to change is the discount rate. In determining the appropriate discount rate for
plans operated in India, the management considers the interest rates of government bonds in currencies
consistent with the currencies of the post-employment benefit obligation.
The mortality rate is based on publicly available mortality tables for the specific countries. Those mortality
tables tend to change only at interval in response to demographic changes. Future salary increases and
gratuity increases are based on expected future inflation rates.
Further details about gratuity obligations are given in Note 31.
Fair value measurement of financial instruments
78
When the fair values of financial assets and financial liabilities recorded in the balance sheet cannot be
measured based on quoted prices in active markets, their fair value is measured using valuation techniques
including the DCF model. The inputs to these models are taken from observable markets where possible, but
where this is not feasible, a degree of judgement is required in establishing fair values. Judgements include
considerations of inputs such as liquidity risk, credit risk and volatility. Changes in assumptions about these
factors could affect the reported fair value of financial instruments.
Provision for decommissioning
The Company has recognised a provision for decommissioning obligations associated with a leashold factory
land. In determining the fair value of the provision, assumptions and estimates are made in relation to
discount rates, the expected cost to dismantle and remove the plant from the site and the expected timing of
those costs. The carrying amount of the provision as at 31 December 2018 is Rs. 1.19 crores (31 December
2017: Rs. 1.12 crores).
Segment
27
Information
Ind AS 108
establishes
standards for
the way that the
Company report
information
about operating
segments and
related
disclosures
about products
and services,
geographic
areas, and
major
customers. The
Company's
operations
comprises of
only one
segment i.e.
manufacturing
of bi-wheelers.
Based on the
"management
approach" as
defined in Ind
AS 108, the
management
also reviews
and measure
the operating
results taking
the whole
business as
one segment
and accordingly
make decision
about the
resource
allocation. In
view of the
same, separate
segment
information is
not required to
be given as per
the
requirements of
Ind AS 108 on
“Operating
79
Segments”. The
accounting
principles used
in the
preparation of
the financial
statements are
consistently
applied to
record revenue
and
expenditure in
individual
segments, and
are as set out in
80
the significant
accounting
policies.
Business
segments
The Company
operates in
single segment
of
manufacturing
and sale of
bi-wheelers and
spares.
Geographical
segment
The
geographical
segment
comprises of
domestic and
overseas
market. The
manufacturing
facilities are
common to
both the
segments and it
is not possible
to segregate
expenses,
assets (except
for Trade
Receivable
balances) and
liabilities
between the
two segments
on any
reasonable
basis. The
following table
shows the
distribution of
the Company’s
consolidated
sales by
geographical
market,
regardless of
where the
goods were
produced:
The following is
the distribution
of the
Company’s
consolidated
revenue of
operations by
geographical
market,
regardless of
where the
goods were
produced:
Revenue from
external
81
customers
( Rs. )
Year ended Year ended
Particulars December 31, 2018 December 31, 2017
Within India
4,576.80 4,457.90
Outside India
1,641.56 1,293.63
Total
6,218.36 5,751.53
Sales to
customers
generating
more than 10%
of total revenue
aggregating to
Rs. 1056.89
crores
(December 31,
2017: Rs.
793.17 crores),
arising from
sale of
bi-wheelers &
spares.
Trade
receivables
from Customers
generating
more than 10%
of total revenue
aggregates to
Rs. 54.56
crores
(December 31,
2017 Rs. 92
crores).
Receivable as
per
geographical
locations
( Rs. )
Within India*
58.99 57.82
Outside India
143.69 120.89
Total
202.68 178.71
*These are
gross of
provision for
doubtful debts
of Rs. 24.68
crores
(December 31,
2017 Rs. 22.98
crores)
All other assets

(other than
trade
82
receivable)
used in the
Company’s
business are
located in India
and are used to
cater both the
customers
(within India
and outside
India),
accordingly the
total cost
incurred during
the period to
acquire the
property, plant
and equipment
83
and intangible
assets has not
been disclosed.
Contingent
28
liabilities
December 31, December

S.no Particulars 2018 31, 2017
Rs. Rs.
Sales Tax demands for
year assessment year
2008-09, 2013-14 and
2014-15 for various
check post matter.
However, the Company
a has deposited a sum of 0.30 0.30
Rs. 0.20 crores (along
with interest) against
the disputed amount,
which is appearing
under Deposit under
Protest in note 5.
In respect of matter
relating to entry tax,
during the year 2012,
the department had
encashed the bank
guarantee of Rs. 5
crore in respect of the
entry tax matter, which
is in view of the
management is under
protest (refer Provision
b 1.08 1.08
for contingency in note
15). The balance of
Rs.0.57 crores is
appearing under
Deposit under Protest
in note 5. Also, the
Company had
submitted the bank
guarantee for Rs. 0.5
crores to the
department.
from 2008-09 to
2014-15 for pending
sales tax forms being
disputed by the
Company. However,
the Company has
deposited a sum of Rs.
17.70 crores (along
which is appearing
under Deposit under
Protest in note 5.
c 21.89 19.74
In current financial year 2.15
, the Company has
recieved demand
notice pertaining to
assessment year
2014-15 for the matter
relating to Non
Submission of form F
and Form C Rs 1.46
Crores and Rs 0.79 cr
84
under Best Judgement

assessment in Mobile
Squad cases.
In respect of matters
relating to Excise Duty
Liability arising due to
valuation of spare parts
transferred from
Faridabad Plant to
Spare Parts Division
Faridabad & Surajpur
Plant and availment of
CENVAT credit in
d 1.14 1.66
Faridabad on -0.51
supplementary invoices
issued by Surajpur
Plant. However, the
Company has
0.94 crores (along with
interest) against the
disputed amount, which
is appearing under
Deposit under Protest.
relating to Service Tax
Payable on guarantee
fee and other charges
relating to ECB.
e has deposited a sum of 0.53 0.53
which is appearing
under Deposit under
Protest.
relating to alleging
short payment of
service tax on Expat
Salary during the
period from 2013-14 to
2016-17. However, the
Company has
is appearing under
During the year, cases
f 13.05
related to FY 2012-13 16.43 3.38
involving Rs. 8.04
Crores has been
decided in the favour of
the Assessee reducing
the liability. The
Company has received
a Show cause notice
Dated June 8, 2018
regarding short
payment of service tax
on Expat salary
pertaining to FY
2016-17 involving Rs.
11.42 Crores.
relating to Interest on
service tax payable on
model fee to Yamaha
85
Motor Corporation, the
g 0.90
-
86
appeal has been

decided in favour of the
Company.
relating to availment of
credit of service tax on
trading of CBU bikes.
Vide Order Dates
h January 11, 2018 0.10 0.38
demand has been
partially setteled in
favour of the Company
and demand was
reduced to INR 0.10 Cr
relating to
undervaluation of motor
cycle cleared. Demand
i 5.26
has been dropped vide. -
Order No
A/57444/2017 dated
November 10, 2018.
relating to non
j submission of balance 1.94 1.94
Form 16 pending with
state authorities.
relating to ITC not allow
on Machinery Parts
purchase for repairing
purpose in UP
VAT.However, the
Company has
k 0.13 0.13
is appearing under
in Note 5.
In respect of
Assessment year
2009-10 to 2014-15,
the Assessing officer
has made
disallowances mainly
based on adjustments
proposed by the
Transfer Pricing officer
on account of export of
motorcycles and
Royalty expense and
other disallowances like
personnel expenses,
Short deduction of
TDS, club membership
etc. The Company has
filed appeal against the
order of Assessing
officer before Income
tax Appellate Tribunal
(ITAT) for the
Assessment year
2009-10 to 2013-14
and for assessement
year 2014-15 Company
has filed appeal before
Commissioner of
Income Tax (Appeal)
and the matter is
pending disposal.
87

related to AY 2010-11
and 2013-14 involving
l* 289.87 375.64
-85.77
88
Rs. 85.77 crores have

been decided in favour
of the Company.
relating to
non-submission of GR
m 0.48 0.48
Form at the time of
closing of Depot in
Maharashtra Act.
In respect of the
CENVAT credit availed
by the Company on
service tax paid by it on
sale commission paid
to YMIS during
2008-2009. Appeal filed
n 0.23
with Commissioner - -0.23
(Appeals) was decided
in favour of the
Company.During the
year, the appeal has
the Company.
relating to CENVAT
Credit on invoice not
o 0.02 0.02
having registration
number of the Service
Provider.
relating to wrong
p availemnt of cenvat 0.26 0.24
credit on rent paid for
guest house.
relating to non payment
of service tax under
q 0.24 0.24
reverse charge on the
invoices of Smart group
and AIDS.
relating to wrong
availment of cenvat
r credit on services taken 4.63 4.63
for setting up of factory
including paymenst
made to SIPCOT.
Demand received in
respect of matter
relating to denial of
rebate claim to the
extent relatable to
payment of excise duty
on the value of freight.
The Company has filed
appeal against the
order before
Commissioner (Excise,
Service Tax and
Customs). However,
the Company has
23.51 crores against
which is appearing
under Deposit under
Protest in note 5.
During the year,

Company received an
SCN for wrongfull
discharge of National
89
Contingent Clamity
duty (NCCD) in reply of
s 313.40 283.74
29.66
90
which, Whole of the

demanded amount has
been paid.
relating to CENVAT
staff accomadation a
SCN dated April 2,
t 2018 was received 0.68
-
alleging wrong
availemnt of cenvat
staff accomodation INR
0.68 Cr.
The management has
pending civil cases
largerly with dealers
which they consider
that they have high
probability of being
u
decided in its favour
and thus may not have
material impact on the
financial statement.
The amount thereof are
also not determinable.
Based on the
favourable
decisions in
similar
cases/advice
taken by the
Company and
on account of
management’s
internal
assessment,
the Company
believes that it
has good case
in respect of all
the matters
listed above
and hence no
provision there
against is
considered
necessary.
* Represents
the total
disallowances
made by the
Income Tax
authorities and
not the tax
impact. While
the
management is
confident that
the matters
would be
decided in its
favour, the
management is
of the view that
it has adequate
carry forward
losses to cover
the tax impact,
if any, of the
above.
91
(This space
has been
intentionally
left blank)
29 Leases
Operating
Leases
The Company
has taken
certain vehicles
and office
premises under
operating lease
agreements.
The rental
expense under
these
agreements
during the year
ended
December 31,
2018 is Rs.
12.60 crores
(December 31,
2017: Rs. 14.65
crores). This
includes Rent
on Lease
Accommodation
provided to
staff, grouped
under Workmen
and staff
welfare
expenses under
Note 20. The
future minimum
lease payments
required under
non-cancellable
operating
leases at year
end are as
follows:
December
December 31,
31,
2018
2017
Rs. Rs.
Minimum Lease
Payments:
Not later than
one year 3.58 1.10
Later than one
year but not
later than five 4.43 0.65
years
Financial
Lease
The Company
has entered
into solar power
purchase
92
agreement with
Amplus energy
solution private
Limited to
install solar
plant in the
premises of
company for a
period of 20
year. Upon
expiry of term
the facility shall
be transferred
by seller to the
Company at a
sale
consideration of
Re. 1. The
Company has
treated the
same as
finance lease.
Since the future
cash outflow
are uncertain,
therefore
minimum lease
payments can
not be
quantified.
Capital
30
Commitments
December
December 31,
31,
2018
2017
Rs. Rs.
Estimated
amount of
contracts
remaining to be
executed on 96.94 182.28
capital account
(net of
advances) and
not provided for
[610200] Notes - Corporate information and statement of IndAs compliance

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of corporate information notes and other explanatory information
[TextBlock]
Textual information (41) Textual information (42)
Statement of Ind AS compliance [TextBlock] [See below] [See below]
Whether there is any departure from Ind AS No No
Whether there are reclassifications to comparative amounts No No
Disclosure of significant accounting policies [TextBlock] [See below]
93
Statement of Ind AS compliance [Text Block]

Judgements
Contingencies
Taxes
94
2017: Rs. 1.12 crores).
Segment
27
Information
Ind AS 108
establishes
standards for
the way that the
Company report
information
about operating
segments and
related
disclosures
about products
and services,
geographic
areas, and
major
customers. The
Company's
operations
comprises of
only one
segment i.e.
manufacturing
of bi-wheelers.
Based on the
"management
approach" as
defined in Ind
AS 108, the
management
also reviews
and measure
the operating
results taking
the whole
business as
one segment
and accordingly
make decision
about the
resource
allocation. In
view of the
same, separate
segment
information is
not required to
be given as per
the
requirements of
Ind AS 108 on
“Operating
95
Segments”. The
accounting
principles used
in the
preparation of
the financial
statements are
consistently
applied to
record revenue
and
expenditure in
individual
segments, and
are as set out in
96
the significant
accounting
policies.
Business
segments
The Company
operates in
single segment
of
manufacturing
and sale of
bi-wheelers and
spares.
Geographical
segment
The
geographical
segment
comprises of
domestic and
overseas
market. The
manufacturing
facilities are
common to
both the
segments and it
is not possible
to segregate
expenses,
assets (except
for Trade
Receivable
balances) and
liabilities
between the
two segments
on any
reasonable
basis. The
following table
shows the
distribution of
the Company’s
consolidated
sales by
geographical
market,
regardless of
where the
goods were
produced:
The following is
the distribution
of the
Company’s
consolidated
revenue of
operations by
geographical
market,
regardless of
where the
goods were
produced:
Revenue from
external
97
customers
( Rs. )
Within India
4,576.80 4,457.90
Outside India
1,641.56 1,293.63
Total
6,218.36 5,751.53
Sales to
customers
generating
more than 10%
of total revenue
aggregating to
Rs. 1056.89
crores
(December 31,
2017: Rs.
793.17 crores),
arising from
sale of
bi-wheelers &
spares.
Trade
receivables
from Customers
generating
more than 10%
of total revenue
aggregates to
Rs. 54.56
crores
(December 31,
2017 Rs. 92
crores).
Receivable as
per
geographical
locations
( Rs. )
Within India*
58.99 57.82
Outside India
143.69 120.89
Total
202.68 178.71
*These are
gross of
provision for
doubtful debts
of Rs. 24.68
crores
(December 31,
2017 Rs. 22.98
crores)
All other assets

(other than
trade
98
receivable)
used in the
Company’s
business are
located in India
and are used to
cater both the
customers
(within India
and outside
India),
accordingly the
total cost
incurred during
the period to
acquire the
property, plant
and equipment
99
and intangible
assets has not
been disclosed.
Contingent
28
liabilities

Rs. Rs.
2008-09, 2013-14 and
2014-15 for various
check post matter.
which is appearing
under Deposit under
Protest in note 5.
the department had
encashed the bank
guarantee of Rs. 5
is in view of the
management is under
b 1.08 1.08
15). The balance of
Rs.0.57 crores is
appearing under
Company had
submitted the bank
crores to the
department.
from 2008-09 to
2014-15 for pending
disputed by the
Company. However,
the Company has
17.70 crores (along
which is appearing
under Deposit under
Protest in note 5.
c 21.89 19.74
In current financial year
, the Company has
recieved demand
assessment year
relating to Non
and Form C Rs 1.46
100

Squad cases.
transferred from
Faridabad Plant to
CENVAT credit in
d 1.14 1.66
Faridabad on
issued by Surajpur
Plant. However, the
Company has
is appearing under
relating to ECB.
which is appearing
under Deposit under
Protest.
short payment of
Salary during the
Company has
is appearing under
f 13.05
related to FY 2012-13 16.43
involving Rs. 8.04
Crores has been
the liability. The
a Show cause notice
Dated June 8, 2018
regarding short
on Expat salary
pertaining to FY
11.42 Crores.
model fee to Yamaha
101
g 0.90
-
102
appeal has been

Company.
Vide Order Dates
h January 11, 2018 0.10 0.38
demand has been
and demand was
relating to
i 5.26
Order No
A/57444/2017 dated
November 10, 2018.
relating to non
state authorities.
on Machinery Parts
purpose in UP
VAT.However, the
Company has
k 0.13 0.13
is appearing under
in Note 5.
In respect of
Assessment year
2009-10 to 2014-15,
has made
proposed by the
motorcycles and
Royalty expense and
personnel expenses,
Short deduction of
order of Assessing
(ITAT) for the
Assessment year
2009-10 to 2013-14
and for assessement
Commissioner of
Income Tax (Appeal)
and the matter is
pending disposal.
103

l* 289.87 375.64
104

of the Company.
relating to
m 0.48 0.48
Form at the time of
closing of Depot in
Maharashtra Act.
In respect of the
by the Company on
to YMIS during
n 0.23
with Commissioner -
in favour of the
Company.During the
the Company.
relating to CENVAT
o 0.02 0.02
having registration
Provider.
relating to wrong
guest house.
q 0.24 0.24
and AIDS.
relating to wrong
availment of cenvat
including paymenst
made to SIPCOT.
Demand received in
respect of matter
rebate claim to the
extent relatable to
appeal against the
order before
Service Tax and
Customs). However,
the Company has
which is appearing
under Deposit under
Protest in note 5.
During the year,

Company received an
SCN for wrongfull
105
Contingent Clamity
s 313.40 283.74
106
which, Whole of the

demanded amount has
been paid.
relating to CENVAT
SCN dated April 2,
-
alleging wrong
availemnt of cenvat
0.68 Cr.
The management has
pending civil cases
which they consider
that they have high
u
Based on the
favourable
decisions in
similar
cases/advice
taken by the
Company and
on account of
management’s
internal
assessment,
the Company
believes that it
has good case
in respect of all
the matters
listed above
and hence no
provision there
against is
considered
necessary.
* Represents
the total
disallowances
made by the
Income Tax
authorities and
not the tax
impact. While
the
management is
confident that
the matters
would be
decided in its
favour, the
management is
of the view that
it has adequate
carry forward
losses to cover
the tax impact,
if any, of the
above.
107
(This space
has been
intentionally
left blank)
29 Leases
Operating
Leases
The Company
has taken
certain vehicles
and office
premises under
operating lease
agreements.
The rental
expense under
these
agreements
during the year
ended
December 31,
2018 is Rs.
12.60 crores
(December 31,
2017: Rs. 14.65
crores). This
includes Rent
on Lease
Accommodation
provided to
staff, grouped
under Workmen
and staff
welfare
expenses under
Note 20. The
future minimum
lease payments
required under
non-cancellable
operating
leases at year
end are as
follows:
December
December 31,
31,
2018
2017
Rs. Rs.
Minimum Lease
Payments:
Not later than
one year 3.58 1.10
Later than one
year but not
years
Financial
Lease
The Company
has entered
into solar power
purchase
108
agreement with
Amplus energy
solution private
Limited to
install solar
plant in the
premises of
company for a
period of 20
year. Upon
expiry of term
the facility shall
be transferred
by seller to the
Company at a
sale
consideration of
Re. 1. The
Company has
treated the
same as
finance lease.
Since the future
cash outflow
are uncertain,
therefore
minimum lease
payments can
not be
quantified.
Capital
30
Commitments
December
December 31,
31,
2018
2017
Rs. Rs.
Estimated
amount of
contracts
remaining to be
capital account
(net of
advances) and
not provided for
109
Statement of Ind AS compliance [Text Block]

Judgements
Contingencies
Taxes
110
2017: Rs. 1.12 crores).
Segment
27
Information
Ind AS 108
establishes
standards for
the way that the
Company report
information
about operating
segments and
related
disclosures
about products
and services,
geographic
areas, and
major
customers. The
Company's
operations
comprises of
only one
segment i.e.
manufacturing
of bi-wheelers.
Based on the
"management
approach" as
defined in Ind
AS 108, the
management
also reviews
and measure
the operating
results taking
the whole
business as
one segment
and accordingly
make decision
about the
resource
allocation. In
view of the
same, separate
segment
information is
not required to
be given as per
the
requirements of
Ind AS 108 on
“Operating
111
Segments”. The
accounting
principles used
in the
preparation of
the financial
statements are
consistently
applied to
record revenue
and
expenditure in
individual
segments, and
are as set out in
112
the significant
accounting
policies.
Business
segments
The Company
operates in
single segment
of
manufacturing
and sale of
bi-wheelers and
spares.
Geographical
segment
The
geographical
segment
comprises of
domestic and
overseas
market. The
manufacturing
facilities are
common to
both the
segments and it
is not possible
to segregate
expenses,
assets (except
for Trade
Receivable
balances) and
liabilities
between the
two segments
on any
reasonable
basis. The
following table
shows the
distribution of
the Company’s
consolidated
sales by
geographical
market,
regardless of
where the
goods were
produced:
The following is
the distribution
of the
Company’s
consolidated
revenue of
operations by
geographical
market,
regardless of
where the
goods were
produced:
Revenue from
external
113
customers
( Rs. )
Within India
4,576.80 4,457.90
Outside India
1,641.56 1,293.63
Total
6,218.36 5,751.53
Sales to
customers
generating
more than 10%
of total revenue
aggregating to
Rs. 1056.89
crores
(December 31,
2017: Rs.
793.17 crores),
arising from
sale of
bi-wheelers &
spares.
Trade
receivables
from Customers
generating
more than 10%
of total revenue
aggregates to
Rs. 54.56
crores
(December 31,
2017 Rs. 92
crores).
Receivable as
per
geographical
locations
( Rs. )
Within India*
58.99 57.82
Outside India
143.69 120.89
Total
202.68 178.71
*These are
gross of
provision for
doubtful debts
of Rs. 24.68
crores
(December 31,
2017 Rs. 22.98
crores)
All other assets

(other than
trade
114
receivable)
used in the
Company’s
business are
located in India
and are used to
cater both the
customers
(within India
and outside
India),
accordingly the
total cost
incurred during
the period to
acquire the
property, plant
and equipment
115
and intangible
assets has not
been disclosed.
Contingent
28
liabilities

Rs. Rs.
2008-09, 2013-14 and
2014-15 for various
check post matter.
which is appearing
under Deposit under
Protest in note 5.
the department had
encashed the bank
guarantee of Rs. 5
is in view of the
management is under
b 1.08 1.08
15). The balance of
Rs.0.57 crores is
appearing under
Company had
submitted the bank
crores to the
department.
from 2008-09 to
2014-15 for pending
disputed by the
Company. However,
the Company has
17.70 crores (along
which is appearing
under Deposit under
Protest in note 5.
c 21.89 19.74
In current financial year
, the Company has
recieved demand
assessment year
relating to Non
and Form C Rs 1.46
116

Squad cases.
transferred from
Faridabad Plant to
CENVAT credit in
d 1.14 1.66
Faridabad on
issued by Surajpur
Plant. However, the
Company has
is appearing under
relating to ECB.
which is appearing
under Deposit under
Protest.
short payment of
Salary during the
Company has
is appearing under
f 13.05
related to FY 2012-13 16.43
involving Rs. 8.04
Crores has been
the liability. The
a Show cause notice
Dated June 8, 2018
regarding short
on Expat salary
pertaining to FY
11.42 Crores.
model fee to Yamaha
117
g 0.90
-
118
appeal has been

Company.
Vide Order Dates
h January 11, 2018 0.10 0.38
demand has been
and demand was
relating to
i 5.26
Order No
A/57444/2017 dated
November 10, 2018.
relating to non
state authorities.
on Machinery Parts
purpose in UP
VAT.However, the
Company has
k 0.13 0.13
is appearing under
in Note 5.
In respect of
Assessment year
2009-10 to 2014-15,
has made
proposed by the
motorcycles and
Royalty expense and
personnel expenses,
Short deduction of
order of Assessing
(ITAT) for the
Assessment year
2009-10 to 2013-14
and for assessement
Commissioner of
Income Tax (Appeal)
and the matter is
pending disposal.
119

l* 289.87 375.64
120

of the Company.
relating to
m 0.48 0.48
Form at the time of
closing of Depot in
Maharashtra Act.
In respect of the
by the Company on
to YMIS during
n 0.23
with Commissioner -
in favour of the
Company.During the
the Company.
relating to CENVAT
o 0.02 0.02
having registration
Provider.
relating to wrong
guest house.
q 0.24 0.24
and AIDS.
relating to wrong
availment of cenvat
including paymenst
made to SIPCOT.
Demand received in
respect of matter
rebate claim to the
extent relatable to
appeal against the
order before
Service Tax and
Customs). However,
the Company has
which is appearing
under Deposit under
Protest in note 5.
During the year,

Company received an
SCN for wrongfull
121
Contingent Clamity
s 313.40 283.74
122
which, Whole of the

demanded amount has
been paid.
relating to CENVAT
SCN dated April 2,
-
alleging wrong
availemnt of cenvat
0.68 Cr.
The management has
pending civil cases
which they consider
that they have high
u
Based on the
favourable
decisions in
similar
cases/advice
taken by the
Company and
on account of
management’s
internal
assessment,
the Company
believes that it
has good case
in respect of all
the matters
listed above
and hence no
provision there
against is
considered
necessary.
* Represents
the total
disallowances
made by the
Income Tax
authorities and
not the tax
impact. While
the
management is
confident that
the matters
would be
decided in its
favour, the
management is
of the view that
it has adequate
carry forward
losses to cover
the tax impact,
if any, of the
above.
123
(This space
has been
intentionally
left blank)
29 Leases
Operating
Leases
The Company
has taken
certain vehicles
and office
premises under
operating lease
agreements.
The rental
expense under
these
agreements
during the year
ended
December 31,
2018 is Rs.
12.60 crores
(December 31,
2017: Rs. 14.65
crores). This
includes Rent
on Lease
Accommodation
provided to
staff, grouped
under Workmen
and staff
welfare
expenses under
Note 20. The
future minimum
lease payments
required under
non-cancellable
operating
leases at year
end are as
follows:
December
December 31,
31,
2018
2017
Rs. Rs.
Minimum Lease
Payments:
Not later than
one year 3.58 1.10
Later than one
year but not
years
Financial
Lease
The Company
has entered
into solar power
purchase
124
agreement with
Amplus energy
solution private
Limited to
install solar
plant in the
premises of
company for a
period of 20
year. Upon
expiry of term
the facility shall
be transferred
by seller to the
Company at a
sale
consideration of
Re. 1. The
Company has
treated the
same as
finance lease.
Since the future
cash outflow
are uncertain,
therefore
minimum lease
payments can
not be
quantified.
Capital
30
Commitments
December
December 31,
31,
2018
2017
Rs. Rs.
Estimated
amount of
contracts
remaining to be
capital account
(net of
advances) and
not provided for
125
Disclosure of significant accounting policies [Text Block]

Judgements
Contingencies
Taxes
126
2017: Rs. 1.12 crores).
Segment
27
Information
Ind AS 108
establishes
standards for
the way that the
Company report
information
about operating
segments and
related
disclosures
about products
and services,
geographic
areas, and
major
customers. The
Company's
operations
comprises of
only one
segment i.e.
manufacturing
of bi-wheelers.
Based on the
"management
approach" as
defined in Ind
AS 108, the
management
also reviews
and measure
the operating
results taking
the whole
business as
one segment
and accordingly
make decision
about the
resource
allocation. In
view of the
same, separate
segment
information is
not required to
be given as per
the
requirements of
Ind AS 108 on
“Operating
127
Segments”. The
accounting
principles used
in the
preparation of
the financial
statements are
consistently
applied to
record revenue
and
expenditure in
individual
segments, and
are as set out in
128
the significant
accounting
policies.
Business
segments
The Company
operates in
single segment
of
manufacturing
and sale of
bi-wheelers and
spares.
Geographical
segment
The
geographical
segment
comprises of
domestic and
overseas
market. The
manufacturing
facilities are
common to
both the
segments and it
is not possible
to segregate
expenses,
assets (except
for Trade
Receivable
balances) and
liabilities
between the
two segments
on any
reasonable
basis. The
following table
shows the
distribution of
the Company’s
consolidated
sales by
geographical
market,
regardless of
where the
goods were
produced:
The following is
the distribution
of the
Company’s
consolidated
revenue of
operations by
geographical
market,
regardless of
where the
goods were
produced:
Revenue from
external
129
customers
( Rs. )
Within India
4,576.80 4,457.90
Outside India
1,641.56 1,293.63
Total
6,218.36 5,751.53
Sales to
customers
generating
more than 10%
of total revenue
aggregating to
Rs. 1056.89
crores
(December 31,
2017: Rs.
793.17 crores),
arising from
sale of
bi-wheelers &
spares.
Trade
receivables
from Customers
generating
more than 10%
of total revenue
aggregates to
Rs. 54.56
crores
(December 31,
2017 Rs. 92
crores).
Receivable as
per
geographical
locations
( Rs. )
Within India*
58.99 57.82
Outside India
143.69 120.89
Total
202.68 178.71
*These are
gross of
provision for
doubtful debts
of Rs. 24.68
crores
(December 31,
2017 Rs. 22.98
crores)
All other assets

(other than
trade
130
receivable)
used in the
Company’s
business are
located in India
and are used to
cater both the
customers
(within India
and outside
India),
accordingly the
total cost
incurred during
the period to
acquire the
property, plant
and equipment
131
and intangible
assets has not
been disclosed.
Contingent
28
liabilities

Rs. Rs.
2008-09, 2013-14 and
2014-15 for various
check post matter.
which is appearing
under Deposit under
Protest in note 5.
the department had
encashed the bank
guarantee of Rs. 5
is in view of the
management is under
b 1.08 1.08
15). The balance of
Rs.0.57 crores is
appearing under
Company had
submitted the bank
crores to the
department.
from 2008-09 to
2014-15 for pending
disputed by the
Company. However,
the Company has
17.70 crores (along
which is appearing
under Deposit under
Protest in note 5.
c 21.89 19.74
In current financial year 2.15
, the Company has
recieved demand
assessment year
relating to Non
and Form C Rs 1.46
132

Squad cases.
transferred from
Faridabad Plant to
CENVAT credit in
d 1.14 1.66
Faridabad on -0.51
issued by Surajpur
Plant. However, the
Company has
is appearing under
relating to ECB.
which is appearing
under Deposit under
Protest.
short payment of
Salary during the
Company has
is appearing under
f 13.05
related to FY 2012-13 16.43 3.38
involving Rs. 8.04
Crores has been
the liability. The
a Show cause notice
Dated June 8, 2018
regarding short
on Expat salary
pertaining to FY
11.42 Crores.
model fee to Yamaha
133
g 0.90
-
134
appeal has been

Company.
Vide Order Dates
h January 11, 2018 0.10 0.38
demand has been
and demand was
relating to
i 5.26
Order No
A/57444/2017 dated
November 10, 2018.
relating to non
state authorities.
on Machinery Parts
purpose in UP
VAT.However, the
Company has
k 0.13 0.13
is appearing under
in Note 5.
In respect of
Assessment year
2009-10 to 2014-15,
has made
proposed by the
motorcycles and
Royalty expense and
personnel expenses,
Short deduction of
order of Assessing
(ITAT) for the
Assessment year
2009-10 to 2013-14
and for assessement
Commissioner of
Income Tax (Appeal)
and the matter is
pending disposal.
135

l* 289.87 375.64
-85.77
136

of the Company.
relating to
m 0.48 0.48
Form at the time of
closing of Depot in
Maharashtra Act.
In respect of the
by the Company on
to YMIS during
n 0.23
with Commissioner - -0.23
in favour of the
Company.During the
the Company.
relating to CENVAT
o 0.02 0.02
having registration
Provider.
relating to wrong
guest house.
q 0.24 0.24
and AIDS.
relating to wrong
availment of cenvat
including paymenst
made to SIPCOT.
Demand received in
respect of matter
rebate claim to the
extent relatable to
appeal against the
order before
Service Tax and
Customs). However,
the Company has
which is appearing
under Deposit under
Protest in note 5.
During the year,

Company received an
SCN for wrongfull
137
Contingent Clamity
s 313.40 283.74
29.66
138
which, Whole of the

demanded amount has
been paid.
relating to CENVAT
SCN dated April 2,
-
alleging wrong
availemnt of cenvat
0.68 Cr.
The management has
pending civil cases
which they consider
that they have high
u
Based on the
favourable
decisions in
similar
cases/advice
taken by the
Company and
on account of
management’s
internal
assessment,
the Company
believes that it
has good case
in respect of all
the matters
listed above
and hence no
provision there
against is
considered
necessary.
* Represents
the total
disallowances
made by the
Income Tax
authorities and
not the tax
impact. While
the
management is
confident that
the matters
would be
decided in its
favour, the
management is
of the view that
it has adequate
carry forward
losses to cover
the tax impact,
if any, of the
above.
139
(This space
has been
intentionally
left blank)
29 Leases
Operating
Leases
The Company
has taken
certain vehicles
and office
premises under
operating lease
agreements.
The rental
expense under
these
agreements
during the year
ended
December 31,
2018 is Rs.
12.60 crores
(December 31,
2017: Rs. 14.65
crores). This
includes Rent
on Lease
Accommodation
provided to
staff, grouped
under Workmen
and staff
welfare
expenses under
Note 20. The
future minimum
lease payments
required under
non-cancellable
operating
leases at year
end are as
follows:
December
December 31,
31,
2018
2017
Rs. Rs.
Minimum Lease
Payments:
Not later than
one year 3.58 1.10
Later than one
year but not
years
Financial
Lease
The Company
has entered
into solar power
purchase
140
agreement with
Amplus energy
solution private
Limited to
install solar
plant in the
premises of
company for a
period of 20
year. Upon
expiry of term
the facility shall
be transferred
by seller to the
Company at a
sale
consideration of
Re. 1. The
Company has
treated the
same as
finance lease.
Since the future
cash outflow
are uncertain,
therefore
minimum lease
payments can
not be
quantified.
Capital
30
Commitments
December
December 31,
31,
2018
2017
Rs. Rs.
Estimated
amount of
contracts
remaining to be
capital account
(net of
advances) and
not provided for
[610300] Notes - Accounting policies, changes in accounting estimates and errors

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of changes in accounting policies, accounting estimates and errors
[TextBlock]
Disclosure of initial application of standards or interpretations
[TextBlock]
Whether initial application of an Ind AS has an effect on the
No No
current period or any prior period
Disclosure of voluntary change in accounting policy [TextBlock]
Whether there is any voluntary change in accounting policy No No
Disclosure of changes in accounting estimates [TextBlock]
Whether there are changes in acounting estimates during the year No No
141
[400600] Notes - Property, plant and equipment
Disclosure of additional information about property plant and equipment [Table] ..(1)
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Assets held under lease [Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
Disclosure of additional information about
property plant and equipment [Abstract]
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child Refer to child
Straight Line Straight Line
equipment member member
Useful lives or depreciation rates, property, Refer to child Refer to child amortised over the amortised over the
plant and equipment member member period of the lease period of the lease
Whether property, plant and equipment are
No No No No
stated at revalued amount
Classes of property, plant and equipment [Axis] Land [Member] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
Useful lives or depreciation rates, property, Refer to child Refer to child
NA NA
plant and equipment member member
No No No No
Classes of property, plant and equipment [Axis] Factory building [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
30 Years 30 Years
No No No No
142
Classes of property, plant and equipment [Axis] Plant and equipment [Member] Factory equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned and leased assets [Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
Depreciation method, property, plant and Refer to child Refer to child Refer to child Refer to child
equipment member member member member
Useful lives or depreciation rates, property, Refer to child Refer to child Refer to child Refer to child
plant and equipment member member member member
No No No No
Classes of property, plant and equipment [Axis] Factory equipments [Member] Furniture and fixtures [Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
5-21 Years 5-21 Years
No No No No
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member] Vehicles [Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
10 Years 10 Years
No No No No
Classes of property, plant and equipment [Axis] Motor vehicles [Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
1-3 Years 1-3 Years
No No No No
143
Classes of property, plant and equipment [Axis] Office equipment [Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
5 Years 5 Years
No No No No
Classes of property, plant and equipment [Axis] Computer equipments [Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
5 Years 5 Years
No No No No
Disclosure of detailed information about property, plant and equipment [Table] ..(1)
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/01/2018 01/01/2017
31/12/2018 31/12/2017 to to
31/12/2018 31/12/2017
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 373,31,43,002.46 137,88,00,000
equipment
Disposals and retirements, property,
Disposals, property, plant and
12,93,77,731.63 12,21,00,000
equipment
Total disposals and retirements,
12,93,77,731.63 12,21,00,000
property, plant and equipment
Total increase (decrease) in property,
360,37,65,270.83 125,67,00,000
plant and equipment
Property, plant and equipment at end of
2,146,16,64,762.77 1,991,98,32,383.85 2,696,20,78,216.52 2,335,83,12,945.69
period
144
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Accumulated depreciation and impairment [Member]
amount [Axis] amount [Member]
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
213,70,99,999.8 194,05,80,561.84
loss
Total Depreciation property plant and
213,70,99,999.8 194,05,80,561.84
equipment
7,51,67,107.89 9,23,00,000
equipment
7,51,67,107.89 9,23,00,000
206,19,32,891.91 184,82,80,561.84
plant and equipment
2,210,16,12,945.69 550,04,13,453.75 343,84,80,561.84 159,02,00,000
period
Carrying amount [Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
[Abstract]
-2,24,84,697.32 -2,26,00,000
loss
-2,24,84,697.32 -2,26,00,000
equipment
0 2,00,000 0
equipment
0 2,00,000 0
-2,24,84,697.32 -2,28,00,000 0
plant and equipment
305,75,96,033.61 308,00,80,730.93 310,28,80,730.93 312,55,80,730.93
period
145
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
[Abstract]
2,24,84,697.32 2,26,00,000
loss
2,24,84,697.32 2,26,00,000
equipment
0 -2,00,000
equipment
0 -2,00,000
0 2,24,84,697.32 2,28,00,000
plant and equipment
312,55,80,730.93 312,55,80,730.93 6,79,84,697.32 4,55,00,000
period
Owned and leased
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
amount [Axis] impairment
[Member]
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
[Abstract]
0 0
loss
0 0
equipment
0 0
equipment
0 0
0 0
plant and equipment
2,27,00,000 192,40,21,978.67 192,40,21,978.67 192,40,21,978.67
period
146
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Accumulated
[Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
[Abstract]
0
loss
0
equipment
0 0
equipment
0 0
0 0 0
plant and equipment
192,40,21,978.67 192,40,21,978.67 192,40,21,978.67 0
period
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member] Owned assets [Member]
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
[Abstract]
0 -2,24,84,697.32 -2,26,00,000
loss
0 -2,24,84,697.32 -2,26,00,000
equipment
0 0 2,00,000
equipment
0 0 2,00,000
0 -2,24,84,697.32 -2,28,00,000
plant and equipment
0 0 113,35,74,054.94 115,60,58,752.26
period
147
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
amount [Axis] [Member]
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
[Abstract]
0
equipment
0
0 0
plant and equipment
117,88,58,752.26 120,15,58,752.26 120,15,58,752.26 120,15,58,752.26
period
Buildings
[Member]
Owned and leased
assets [Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
[Abstract]
combinations, property, plant and 24,21,27,165.29
equipment
2,24,84,697.32 2,26,00,000 -19,66,79,077.32
loss
2,24,84,697.32 2,26,00,000 -19,66,79,077.32
equipment
0 -2,00,000 63,100.48
equipment
0 -2,00,000 63,100.48
2,24,84,697.32 2,28,00,000 4,53,84,987.49
plant and equipment
6,79,84,697.32 4,55,00,000 2,27,00,000 520,06,84,987.49
period
148
Classes of property, plant and equipment [Axis] Buildings [Member]
amount [Axis]
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
[Abstract]
combinations, property, plant and 10,19,00,000 24,21,27,165.29 10,19,00,000
equipment
-19,22,00,000
loss
-19,22,00,000
equipment
16,61,379
equipment
16,61,379
-9,03,00,000 24,04,65,786.29 10,19,00,000
plant and equipment
515,53,00,000 524,56,00,000 575,35,65,786.29 551,31,00,000
period
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
[Abstract]
19,66,79,077.32 19,22,00,000
loss
19,66,79,077.32 19,22,00,000
equipment
15,98,278.52
equipment
15,98,278.52
19,50,80,798.8 19,22,00,000
plant and equipment
541,12,00,000 55,28,80,798.8 35,78,00,000 16,56,00,000
period
149
Accumulated
[Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
[Abstract]
equipment
19,66,79,077.32
loss
19,66,79,077.32
equipment
16,61,379 15,98,278.52
equipment
16,61,379 15,98,278.52
24,04,65,786.29 10,19,00,000 19,50,80,798.8
plant and equipment
575,35,65,786.29 551,31,00,000 541,12,00,000 55,28,80,798.8
period
150
Classes of property, plant and equipment [Axis] Buildings [Member] Other building [Member]
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
[Abstract]
equipment
19,22,00,000 -19,66,79,077.32 -19,22,00,000
loss
19,22,00,000 -19,66,79,077.32 -19,22,00,000
equipment
63,100.48
equipment
63,100.48
19,22,00,000 4,53,84,987.49 -9,03,00,000
plant and equipment
35,78,00,000 16,56,00,000 520,06,84,987.49 515,53,00,000
period
Classes of property, plant and equipment [Axis] Other building [Member]
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
[Abstract]
equipment
16,61,379
equipment
16,61,379
24,04,65,786.29 10,19,00,000
plant and equipment
524,56,00,000 575,35,65,786.29 551,31,00,000 541,12,00,000
period
151
Owned assets
[Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
[Abstract]
equipment
19,66,79,077.32 19,22,00,000 -19,66,79,077.32
loss
19,66,79,077.32 19,22,00,000 -19,66,79,077.32
equipment
15,98,278.52 63,100.48
equipment
15,98,278.52 63,100.48
19,50,80,798.8 19,22,00,000 4,53,84,987.49
plant and equipment
55,28,80,798.8 35,78,00,000 16,56,00,000 520,06,84,987.49
period
152
amount [Axis]
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
[Abstract]
equipment
-19,22,00,000
loss
-19,22,00,000
equipment
16,61,379
equipment
16,61,379
-9,03,00,000 24,04,65,786.29 10,19,00,000
plant and equipment
515,53,00,000 524,56,00,000 575,35,65,786.29 551,31,00,000
period
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
[Abstract]
19,66,79,077.32 19,22,00,000
loss
19,66,79,077.32 19,22,00,000
equipment
15,98,278.52
equipment
15,98,278.52
19,50,80,798.8 19,22,00,000
plant and equipment
541,12,00,000 55,28,80,798.8 35,78,00,000 16,56,00,000
period
153
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
[Abstract]
combinations, property, plant and 336,20,93,827.17 118,38,00,000 336,20,93,827.17
equipment
-179,89,44,181.54 -159,27,80,561.84
loss
-179,89,44,181.54 -159,27,80,561.84
equipment
4,98,42,043.39 2,85,00,000 8,96,41,661.33
equipment
4,98,42,043.39 2,85,00,000 8,96,41,661.33
151,33,07,602.24 -43,74,80,561.84 327,24,52,165.84
plant and equipment
1,277,20,59,255.16 1,125,87,51,652.92 1,169,62,32,214.76 1,739,51,84,380.6
period
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
[Abstract]
combinations, property, plant and 118,38,00,000
equipment
179,89,44,181.54 159,27,80,561.84
loss
179,89,44,181.54 159,27,80,561.84
equipment
9,71,00,000 3,97,99,617.94 6,86,00,000
equipment
9,71,00,000 3,97,99,617.94 6,86,00,000
108,67,00,000 175,91,44,563.6 152,41,80,561.84
plant and equipment
1,412,27,32,214.76 1,303,60,32,214.76 462,31,25,125.44 286,39,80,561.84
period
154
Owned and leased
assets [Member]
Accumulated
[Member]
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
[Abstract]
equipment
8,96,41,661.33 9,71,00,000
equipment
8,96,41,661.33 9,71,00,000
327,24,52,165.84 108,67,00,000
plant and equipment
133,98,00,000 1,739,51,84,380.6 1,412,27,32,214.76 1,303,60,32,214.76
period
Factory
Classes of property, plant and equipment [Axis] Plant and equipment [Member] equipments
[Member]
Owned and leased
assets [Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
[Abstract]
equipment
179,89,44,181.54 159,27,80,561.84 -179,89,44,181.54
loss
179,89,44,181.54 159,27,80,561.84 -179,89,44,181.54
equipment
3,97,99,617.94 6,86,00,000 4,98,42,043.39
equipment
3,97,99,617.94 6,86,00,000 4,98,42,043.39
175,91,44,563.6 152,41,80,561.84 151,33,07,602.24
plant and equipment
462,31,25,125.44 286,39,80,561.84 133,98,00,000 1,277,20,59,255.16
period
155
Classes of property, plant and equipment [Axis] Factory equipments [Member]
amount [Axis]
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
[Abstract]
equipment
-159,27,80,561.84
loss
-159,27,80,561.84
equipment
2,85,00,000 8,96,41,661.33 9,71,00,000
equipment
2,85,00,000 8,96,41,661.33 9,71,00,000
-43,74,80,561.84 327,24,52,165.84 108,67,00,000
plant and equipment
1,125,87,51,652.92 1,169,62,32,214.76 1,739,51,84,380.6 1,412,27,32,214.76
period
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
[Abstract]
179,89,44,181.54 159,27,80,561.84
loss
179,89,44,181.54 159,27,80,561.84
equipment
3,97,99,617.94 6,86,00,000
equipment
3,97,99,617.94 6,86,00,000
175,91,44,563.6 152,41,80,561.84
plant and equipment
1,303,60,32,214.76 462,31,25,125.44 286,39,80,561.84 133,98,00,000
period
156
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
[Abstract]
equipment
-179,89,44,181.54 -159,27,80,561.84
loss
-179,89,44,181.54 -159,27,80,561.84
equipment
4,98,42,043.39 2,85,00,000 8,96,41,661.33
equipment
4,98,42,043.39 2,85,00,000 8,96,41,661.33
151,33,07,602.24 -43,74,80,561.84 327,24,52,165.84
plant and equipment
1,277,20,59,255.16 1,125,87,51,652.92 1,169,62,32,214.76 1,739,51,84,380.6
period
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
[Abstract]
equipment
179,89,44,181.54 159,27,80,561.84
loss
179,89,44,181.54 159,27,80,561.84
equipment
9,71,00,000 3,97,99,617.94 6,86,00,000
equipment
9,71,00,000 3,97,99,617.94 6,86,00,000
108,67,00,000 175,91,44,563.6 152,41,80,561.84
plant and equipment
1,412,27,32,214.76 1,303,60,32,214.76 462,31,25,125.44 286,39,80,561.84
period
157
Factory
Classes of property, plant and equipment [Axis] equipments Furniture and fixtures [Member]
[Member]
Owned assets
[Member]
Accumulated
[Member]
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
[Abstract]
combinations, property, plant and 1,06,49,501.67 55,00,000
equipment
-1,20,01,326.32 -1,20,00,000
loss
-1,20,01,326.32 -1,20,00,000
equipment
4,87,425.93
equipment
4,87,425.93
-18,39,250.58 -65,00,000
plant and equipment
133,98,00,000 4,18,60,749.42 4,37,00,000 5,02,00,000
period
158
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Accumulated
[Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
[Abstract]
equipment
1,20,01,326.32
loss
1,20,01,326.32
equipment
37,58,122.12 32,70,696.19
equipment
37,58,122.12 32,70,696.19
68,91,379.55 55,00,000 87,30,630.13
plant and equipment
7,07,91,379.55 6,39,00,000 5,84,00,000 2,89,30,630.13
period
159
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
[Abstract]
equipment
1,20,00,000 -1,20,01,326.32 -1,20,00,000
loss
1,20,00,000 -1,20,01,326.32 -1,20,00,000
equipment
4,87,425.93
equipment
4,87,425.93
1,20,00,000 -18,39,250.58 -65,00,000
plant and equipment
2,02,00,000 82,00,000 4,18,60,749.42 4,37,00,000
period
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
[Abstract]
equipment
37,58,122.12
equipment
37,58,122.12
68,91,379.55 55,00,000
plant and equipment
5,02,00,000 7,07,91,379.55 6,39,00,000 5,84,00,000
period
160
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member] Vehicles [Member]
Owned and leased
assets [Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
[Abstract]
equipment
1,20,01,326.32 1,20,00,000 -3,10,38,383.33
loss
1,20,01,326.32 1,20,00,000 -3,10,38,383.33
equipment
32,70,696.19 28,30,525.54
equipment
32,70,696.19 28,30,525.54
87,30,630.13 1,20,00,000 10,18,903.71
plant and equipment
2,89,30,630.13 2,02,00,000 82,00,000 5,61,18,903.71
period
161
Classes of property, plant and equipment [Axis] Vehicles [Member]
amount [Axis]
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
[Abstract]
equipment
-2,96,00,000
loss
-2,96,00,000
equipment
-2,00,000 2,75,19,707.51 1,98,00,000
equipment
-2,00,000 2,75,19,707.51 1,98,00,000
42,00,000 73,68,105.07 1,38,00,000
plant and equipment
5,51,00,000 5,09,00,000 7,20,68,105.07 6,47,00,000
period
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
[Abstract]
3,10,38,383.33 2,96,00,000
loss
3,10,38,383.33 2,96,00,000
equipment
2,46,89,181.97 2,00,00,000
equipment
2,46,89,181.97 2,00,00,000
63,49,201.36 96,00,000
plant and equipment
5,09,00,000 1,59,49,201.36 96,00,000 0
period
162
Accumulated
[Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
[Abstract]
equipment
3,10,38,383.33
loss
3,10,38,383.33
equipment
2,75,19,707.51 1,98,00,000 2,46,89,181.97
equipment
2,75,19,707.51 1,98,00,000 2,46,89,181.97
73,68,105.07 1,38,00,000 63,49,201.36
plant and equipment
7,20,68,105.07 6,47,00,000 5,09,00,000 1,59,49,201.36
period
163
Classes of property, plant and equipment [Axis] Vehicles [Member] Motor vehicles [Member]
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
[Abstract]
equipment
2,96,00,000 -3,10,38,383.33 -2,96,00,000
loss
2,96,00,000 -3,10,38,383.33 -2,96,00,000
equipment
2,00,00,000 28,30,525.54 -2,00,000
equipment
2,00,00,000 28,30,525.54 -2,00,000
96,00,000 10,18,903.71 42,00,000
plant and equipment
96,00,000 0 5,61,18,903.71 5,51,00,000
period
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
[Abstract]
equipment
2,75,19,707.51 1,98,00,000
equipment
2,75,19,707.51 1,98,00,000
73,68,105.07 1,38,00,000
plant and equipment
5,09,00,000 7,20,68,105.07 6,47,00,000 5,09,00,000
period
164
Owned assets
[Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
[Abstract]
equipment
3,10,38,383.33 2,96,00,000 -3,10,38,383.33
loss
3,10,38,383.33 2,96,00,000 -3,10,38,383.33
equipment
2,46,89,181.97 2,00,00,000 28,30,525.54
equipment
2,46,89,181.97 2,00,00,000 28,30,525.54
63,49,201.36 96,00,000 10,18,903.71
plant and equipment
1,59,49,201.36 96,00,000 0 5,61,18,903.71
period
165
amount [Axis]
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
[Abstract]
equipment
-2,96,00,000
loss
-2,96,00,000
equipment
-2,00,000 2,75,19,707.51 1,98,00,000
equipment
-2,00,000 2,75,19,707.51 1,98,00,000
42,00,000 73,68,105.07 1,38,00,000
plant and equipment
5,51,00,000 5,09,00,000 7,20,68,105.07 6,47,00,000
period
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
[Abstract]
3,10,38,383.33 2,96,00,000
loss
3,10,38,383.33 2,96,00,000
equipment
2,46,89,181.97 2,00,00,000
equipment
2,46,89,181.97 2,00,00,000
63,49,201.36 96,00,000
plant and equipment
5,09,00,000 1,59,49,201.36 96,00,000 0
period
166
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
[Abstract]
equipment
-4,09,54,390.63 -3,94,00,000
loss
-4,09,54,390.63 -3,94,00,000
equipment
9,38,617.92 3,00,000 65,54,179.17
equipment
9,38,617.92 3,00,000 65,54,179.17
50,34,626.6 -2,00,00,000 4,03,73,455.98
plant and equipment
22,64,34,626.6 22,14,00,000 24,14,00,000 31,96,73,455.98
period
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
[Abstract]
equipment
4,09,54,390.63 3,94,00,000
loss
4,09,54,390.63 3,94,00,000
equipment
5,00,000 56,15,561.25 2,00,000
equipment
5,00,000 56,15,561.25 2,00,000
1,92,00,000 3,53,38,829.38 3,92,00,000
plant and equipment
27,93,00,000 26,01,00,000 9,32,38,829.38 5,79,00,000
period
167
Owned and leased
assets [Member]
Accumulated
[Member]
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
[Abstract]
equipment
-4,09,54,390.63 -3,94,00,000
loss
-4,09,54,390.63 -3,94,00,000
equipment
9,38,617.92 3,00,000
equipment
9,38,617.92 3,00,000
50,34,626.6 -2,00,00,000
plant and equipment
1,87,00,000 22,64,34,626.6 22,14,00,000 24,14,00,000
period
168
Accumulated
[Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
[Abstract]
equipment
4,09,54,390.63
loss
4,09,54,390.63
equipment
65,54,179.17 5,00,000 56,15,561.25
equipment
65,54,179.17 5,00,000 56,15,561.25
4,03,73,455.98 1,92,00,000 3,53,38,829.38
plant and equipment
31,96,73,455.98 27,93,00,000 26,01,00,000 9,32,38,829.38
period
169
Classes of property, plant and equipment [Axis] Office equipment [Member] Computer equipments [Member]
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
[Abstract]
equipment
3,94,00,000 -3,49,97,943.34 -5,20,00,000
loss
3,94,00,000 -3,49,97,943.34 -5,20,00,000
equipment
2,00,000 48,910.48 10,00,000
equipment
2,00,000 48,910.48 10,00,000
3,92,00,000 14,10,206.78 -1,87,00,000
plant and equipment
5,79,00,000 1,87,00,000 10,69,10,206.78 10,55,00,000
period
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
[Abstract]
equipment
2,42,682.5 47,00,000
equipment
2,42,682.5 47,00,000
3,62,14,378.1 2,96,00,000
plant and equipment
12,42,00,000 22,52,14,378.1 18,90,00,000 15,94,00,000
period
170
Owned assets
[Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
[Abstract]
equipment
3,49,97,943.34 5,20,00,000 -3,49,97,943.34
loss
3,49,97,943.34 5,20,00,000 -3,49,97,943.34
equipment
1,93,772.02 37,00,000 48,910.48
equipment
1,93,772.02 37,00,000 48,910.48
3,48,04,171.32 4,83,00,000 14,10,206.78
plant and equipment
11,83,04,171.32 8,35,00,000 3,52,00,000 10,69,10,206.78
period
171
amount [Axis]
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
[Abstract]
equipment
-5,20,00,000
loss
-5,20,00,000
equipment
10,00,000 2,42,682.5 47,00,000
equipment
10,00,000 2,42,682.5 47,00,000
-1,87,00,000 3,62,14,378.1 2,96,00,000
plant and equipment
10,55,00,000 12,42,00,000 22,52,14,378.1 18,90,00,000
period
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
[Abstract]
3,49,97,943.34 5,20,00,000
loss
3,49,97,943.34 5,20,00,000
equipment
1,93,772.02 37,00,000
equipment
1,93,772.02 37,00,000
3,48,04,171.32 4,83,00,000
plant and equipment
15,94,00,000 11,83,04,171.32 8,35,00,000 3,52,00,000
period
172

01/01/2018
to
31/12/2018
Disclosure of property, plant and equipment [TextBlock] [See below]
Disclosure of detailed information about property, plant and equipment
[TextBlock]
173
Disclosure of property, plant and equipment [Text Block]
Property, plant
& equipment-
Tangible
Particulars Land - Land - Building Plant & Furniture Office Computer

Freehold Leasehold * Machinery** Equipment
Gross Block
At January 1,
2017
Opening 1,20,15,58,752
1,92,40,21,979 5,41,12,00,000 13,03,60,32,215 5,84,00,000 26,01,00,000 15,94,00,0
Additions
- - 10,19,00,000 1,18,38,00,000 55,00,000 1,97,00,000 3,43,00,00
Disposals
- - - 9,71,00,000 - 5,00,000 47,00,000
At December
1,20,15,58,752.26
31, 2017 1,92,40,21,978.67 5,51,31,00,000.00 14,12,27,32,214.76 6,39,00,000.00 27,93,00,000.00 18,90,00,0
Additions
- - 24,21,27,165.29 3,36,20,93,827.17 1,06,49,501.67 4,69,27,635.15 3,64,57,06
Disposals
- - 16,61,379.00 8,96,41,661.33 37,58,122.12 65,54,179.17 2,42,682.5
At December
1,20,15,58,752.26
31, 2018 1,92,40,21,978.67 5,75,35,65,786.29 17,39,51,84,380.60 7,07,91,379.55 31,96,73,455.98 22,52,14,3
Depreciation/
Amortisation
At January 1,
0 22700000 165600000 1339800000 8200000 18700000 35200000
2017
For the year 0 22600000 192200000 1592780562 12000000 39400000 52000000
Disposal 0 0 0 68600000 0 200000 3700000
Deduction on
account of Ind 0 200000 0 0 0 0 0
AS adjustment
At December
31, 2017 - 4,55,00,000.00 35,78,00,000.00 2,86,39,80,561.84 2,02,00,000.00 5,79,00,000.00 8,35,00,00
For the year

- 2,24,84,697.32 19,66,79,077.32 1,79,89,44,181.54 1,20,01,326.32 4,09,54,390.63 3,49,97,94
Disposal
- - 15,98,278.52 3,97,99,617.94 32,70,696.19 56,15,561.25 1,93,772.0
At December
31, 2018 - 6,79,84,697.32 55,28,80,798.80 4,62,31,25,125.44 2,89,30,630.13 9,32,38,829.38 11,83,04,1
Net Block
At December
1,20,15,58,752.26
31, 2016 1,90,13,21,978.67 5,24,56,00,000.00 11,69,62,32,214.76 5,02,00,000.00 24,14,00,000.00 12,42,00,0
At December
1,20,15,58,752.26
31, 2017 1,87,85,21,978.67 5,15,53,00,000.00 11,25,87,51,652.92 4,37,00,000.00 22,14,00,000.00 10,55,00,0
At December
1,20,15,58,752.26
31, 2018 1,85,60,37,281.35 5,20,06,84,987.49 12,77,20,59,255.16 4,18,60,749.42 22,64,34,626.60 10,69,10,2
* Leasehold
Land includes
Security
deposit
174
amounting Rs
23.99 Crore (
December 31,
2017 : Rs.
23.99 Crores)
which is
refundable on
expiry of lease
period of 99
years as per
the lease
agreement with
the State
Industries
Promotion
175
Corporation of
Tamil
Nadu(SIPCOT).
**The
Company has
entered into
solar purchase
agreement with
lessor to install
solar plant in
the premises of
the Company
and supply the
electricity
generated at
subsidised rate
as per tariff
schedule in
agreement.
The agreement
is for a period
of 20 years for
Surajpur and
Faridabad
location. Upon
expiry of the
Term, the
Facility shall be
transferred by
the Seller to the
Company at a
sale
consideration
of Re. 1, which
indicated that
the Company is
going to use
the substantial
part of
economic life of
said asset.
Therefore, the
Company has
treated the
same as
finance lease.
Accordingly,
the company
has capitalised
the solar power
plant under the
head plant and
machinery
amounting to
Rs. 47.69
crores and
charged the
depreciation of
Rs. 2.48 crores
during the year.
For the
purpose of
capitalisation,
the Company
has considered
the fair market
value of asset
based on the
agreement
which indicated
the damages/
compensation
which the
176
Company
needs to pay
on the Balance
Sheet date if it
discontinue/
terminated the
contract with
the said
vendor.
[612100] Notes - Impairment of assets

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of impairment of assets [TextBlock]
Disclosure of impairment loss and reversal of impairment loss [TextBlock]
Whether there is any impairment loss or reversal of impairment loss
No No
during the year
Disclosure of information for impairment loss recognised or reversed
for individual Assets or cash-generating unit [TextBlock]
Whether impairment loss recognised or reversed for individual Assets
No No
or cash-generating unit
[400700] Notes - Investment property

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of investment property [TextBlock]
Depreciation method, investment property, cost model NA NA
Useful lives or depreciation rates, investment property, cost model NA NA
[400900] Notes - Other intangible assets
Disclosure of detailed information about other intangible assets [Table] ..(1)

Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and
gross carrying amount [Axis]
01/01/2018 01/01/2017
31/12/2018 31/12/2017 to to
31/12/2018 31/12/2017
Disclosure of detailed information about other
intangible assets [Abstract]
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
79,89,78,990.54 97,85,43,842.95
combinations
Total increase (decrease) in Other
79,89,78,990.54 97,85,43,842.95
intangible assets
Other intangible assets at end of period 192,40,70,163.58 169,02,57,451.6 336,25,22,782.48 256,35,43,791.94
177

Classes of other intangible assets [Axis] Company other intangible assets [Member]
[Member]
Carrying amount accumulated amortization and impairment and Gross carrying
Accumulated amortization and impairment [Member]
gross carrying amount [Axis] amount [Member]
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
assets [Abstract]
Amortisation other intangible assets 56,51,66,278.56 48,33,50,222.67
56,51,66,278.56 48,33,50,222.67
intangible assets

Classes of other intangible assets [Axis] Computer software [Member]
[Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
assets [Abstract]
1,79,85,247.14 3,82,65,188.57 1,79,85,247.14
combinations
Amortisation other intangible assets -3,79,08,002.45 -8,14,99,754.47
-1,99,22,755.31 -4,32,34,565.9 1,79,85,247.14
intangible assets

[Member]
Carrying amount accumulated amortization and impairment and Accumulated amortization and
gross carrying amount [Axis] impairment [Member]
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
assets [Abstract]
3,82,65,188.57
combinations
3,82,65,188.57 3,79,08,002.45 8,14,99,754.47
intangible assets
178

Internally
generated and
other than
Sub classes of other intangible assets [Axis] internally Intangible assets other than internally generated [Member]
generated
intangible assets
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and amortization and
gross carrying amount [Axis] impairment
[Member]
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
assets [Abstract]
1,79,85,247.14 3,82,65,188.57
combinations
-1,99,22,755.31 -4,32,34,565.9
intangible assets

Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Accumulated
[Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
assets [Abstract]
1,79,85,247.14 3,82,65,188.57
combinations
Amortisation other intangible assets 3,79,08,002.45
1,79,85,247.14 3,82,65,188.57 3,79,08,002.45
intangible assets
179

Classes of other intangible assets [Axis] Computer software [Member] Other intangible assets [Member]
Internally generated and other than
Intangible assets other than internally
Sub classes of other intangible assets [Axis] internally generated intangible assets
generated [Member]
[Member]
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
assets [Abstract]
78,09,93,743.4 94,02,78,654.38
combinations
Amortisation other intangible assets 8,14,99,754.47 -52,72,58,276.11 -40,18,50,468.2
8,14,99,754.47 25,37,35,467.29 53,84,28,186.18
intangible assets

Classes of other intangible assets [Axis] Other intangible assets [Member]
[Member]
Carrying amount accumulated amortization and impairment and Carrying amount
gross carrying amount [Axis] [Member]
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
assets [Abstract]
78,09,93,743.4 94,02,78,654.38
combinations
78,09,93,743.4 94,02,78,654.38
intangible assets
180

Intangible assets
other than
Internally generated and other than internally generated
Sub classes of other intangible assets [Axis] internally
intangible assets [Member]
generated
[Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
assets [Abstract]
78,09,93,743.4
combinations
52,72,58,276.11 40,18,50,468.2 78,09,93,743.4
intangible assets
Other intangible assets at end of period 122,57,29,264.31 69,84,70,988.2 29,66,20,520 310,25,58,447.22

01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
assets [Abstract]
94,02,78,654.38
combinations
94,02,78,654.38 52,72,58,276.11 40,18,50,468.2
intangible assets
181

Other intangible
Classes of other intangible assets [Axis] Know-how [Member]
assets [Member]
Intangible assets
other than
Internally generated and other than internally generated
Sub classes of other intangible assets [Axis] internally
intangible assets [Member]
generated
[Member]
Accumulated
[Member]
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
assets [Abstract]
78,09,93,743.4 94,02,78,654.38
combinations
25,37,35,467.29 53,84,28,186.18
intangible assets
Other intangible assets at end of period 29,66,20,520 187,68,29,182.91 162,30,93,715.62 108,46,65,529.44

[Member]
Accumulated
[Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
assets [Abstract]
78,09,93,743.4 94,02,78,654.38
combinations
Amortisation other intangible assets 52,72,58,276.11
78,09,93,743.4 94,02,78,654.38 52,72,58,276.11
intangible assets
182

generated [Member]
[Member]
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
assets [Abstract]
78,09,93,743.4 94,02,78,654.38
combinations
Amortisation other intangible assets 40,18,50,468.2 -52,72,58,276.11 -40,18,50,468.2
40,18,50,468.2 25,37,35,467.29 53,84,28,186.18
intangible assets
Other intangible assets at end of period 69,84,70,988.2 29,66,20,520 187,68,29,182.91 162,30,93,715.62

Carrying amount accumulated amortization and impairment and Carrying amount
gross carrying amount [Axis] [Member]
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
assets [Abstract]
78,09,93,743.4 94,02,78,654.38
combinations
78,09,93,743.4 94,02,78,654.38
intangible assets

Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis]
01/01/2018 01/01/2017
to to 31/12/2016
31/12/2018 31/12/2017
Disclosure of detailed information about other intangible assets
[Abstract]
[Line items]
Reconciliation of changes in other intangible assets [Abstract]
Total increase (decrease) in Other intangible assets 52,72,58,276.11 40,18,50,468.2
Other intangible assets at end of period 122,57,29,264.31 69,84,70,988.2 29,66,20,520
183
Disclosure of additional information about other intangible assets [Table] ..(1)

generated [Member]
[Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
Disclosure of additional information about other
other intangible assets [Line items]
Refer to child Refer to child
Amortisation method, other intangible assets member member
Useful lives or amortisation rates, other Refer to child Refer to child

3 Years 3 Years
intangible assets member member
Whether other intangible assets are stated at
No No No No
revalued amount

Classes of other intangible assets [Axis] Other intangible assets [Member] Know-how [Member]
Internally generated and other than Internally generated and other than
Sub classes of other intangible assets [Axis] internally generated intangible assets internally generated intangible assets
[Member] [Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
Disclosure of additional information about other
other intangible assets [Line items]
Refer to child Refer to child Refer to child Refer to child
Amortisation method, other intangible assets member member member member
Useful lives or amortisation rates, other Refer to child Refer to child Refer to child Refer to child
intangible assets member member member member
Whether other intangible assets are stated at
No No No No
revalued amount

generated [Member]
01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of additional information about other intangible assets [Abstract]
Disclosure of additional information about other intangible assets [Line items]
Amortisation method, other intangible assets Straight Line Straight Line
Useful lives or amortisation rates, other intangible assets 6 Years 6 Years
Whether other intangible assets are stated at revalued amount No No

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of other intangible assets [TextBlock] [See below]
[TextBlock]
Disclosure of intangible assets with indefinite useful life [TextBlock]
Whether there are intangible assets with indefinite useful life No No
184
Disclosure of other intangible assets [Text Block]
Property, plant & equipment- Intangible

Rs.
Particulars Software Technical Total
Knowhow
Gross Block
At 1.1.2017
Opening 203713899.5 1381286049

1,58,49,99,948.98
Additions 38265188.57 940278654.4

97,85,43,842.95
At 31.12.2017
24,19,79,088.12 2,32,15,64,703.82 2,56,35,43,791.93
Additions
1,79,85,247.14 78,09,93,743.40 79,89,78,990.54
Deduction on account of Ind As adjustment-
Transition date January 1, 2016 - - -
At 31.12.2018
25,99,64,335.26 3,10,25,58,447.22 3,36,25,22,782.47
At 31.12.2017
25,99,64,335.26 3,10,25,58,447.22 3,36,25,22,782.47
Depreciation/ Amortisation
At 1.1.2017
Opening 93315597.67 296620520

38,99,36,117.65
Additions 81499754.47 401850468.2

48,33,50,222.68
Disposals 0 0
-
At 31.12.2017
17,48,15,352.14 69,84,70,988.19 87,32,86,340.33
For the year

3,79,08,002.45 52,72,58,276.11 56,51,66,278.56
Disposal
- - -
At 31.12.2018
21,27,23,354.59 1,22,57,29,264.30 1,43,84,52,618.89
Net Block
At 31.12.2016
11,03,98,301.88 1,08,46,65,529.45 1,19,50,63,831.33
At 31.12.2017
6,71,63,735.98 1,62,30,93,715.63 1,69,02,57,451.60
At 31.12.2018
4,72,40,980.67 1,87,68,29,182.92 1,92,40,70,163.58
December 31,
December 31, 2017
2018
Capital work-in-progress
2,30,23,85,720.35 2,26,21,46,880.68
Less: Provision for doubtful Capital work in progress (refer note
185
43) -13,45,00,000.00 -13,45,00,000.00
Capital work-in-progress (net)

2,16,78,85,720.35 2,12,76,46,880.68
[401000] Notes - Biological assets other than bearer plants

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of biological assets, agriculture produce at point of
harvest and government grants related to biological assets
[TextBlock]
Depreciation method, biological assets other than bearer plants, at cost NA NA
Useful lives or depreciation rates, biological assets other than bearer
NA NA
plants, at cost
[611100] Notes - Financial instruments
Disclosure of financial assets [Table] ..(1)

Financial assets at amortised cost, class Other financial assets at amortised cost
Classes of financial assets [Axis]
[Member] class [Member]
Categories of financial assets [Axis] Financial assets, category [Member] Financial assets, category [Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 13,52,95,932 17,09,40,685.75 13,52,95,932 17,09,40,685.75
Financial assets, at fair value 13,52,95,932 17,09,40,685.75 13,52,95,932 17,09,40,685.75
Description of other financial assets at Refer to child Refer to child Refer to child Refer to child
amortised cost class member member member member
Description of other financial assets at fair Refer to child Refer to child Refer to child Refer to child
value class member member member member

Classes of financial assets [Axis] Other financial assets at amortised cost class 1 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
Financial assets 13,48,28,341 16,92,93,502 13,48,28,341 16,92,93,502
Financial assets, at fair value 13,48,28,341 16,92,93,502 13,48,28,341 16,92,93,502
Description of other financial assets at Refer to child Refer to child Security deposits Security deposits
amortised cost class member member paid paid
Description of other financial assets at fair Refer to child Refer to child Security deposits Security deposits
value class member member paid paid
186

category [Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
Financial assets 2,50,000 2,50,000 2,50,000 2,50,000
Financial assets, at fair value 2,50,000 2,50,000 2,50,000 2,50,000
Description of other financial assets at Refer to child Refer to child
Investment Investment
amortised cost class member member
Description of other financial assets at fair Refer to child Refer to child
Investment Investment
value class member member

category [Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
Financial assets 2,17,591 13,97,183.75 2,17,591 13,97,183.75
Financial assets, at fair value 2,17,591 13,97,183.75 2,17,591 13,97,183.75
Description of other financial assets at Refer to child Refer to child Non current bank Non current bank
amortised cost class member member balance balance
Description of other financial assets at fair Refer to child Refer to child Non current bank Non current bank
value class member member balance balance

Financial assets at fair value, class Other financial assets at fair value class
[Member] [Member]
Categories of financial assets [Axis] Financial assets, category [Member] Financial assets, category [Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
Financial assets 24,26,92,024.72 88,50,094.99 24,26,92,024.72 88,50,094.99
Financial assets, at fair value 24,26,92,024.72 88,50,094.99 24,26,92,024.72 88,50,094.99

Classes of financial assets [Axis] Other financial assets at fair value class 1 [Member]
Financial assets at fair value through
profit or loss, category [Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
Financial assets 24,26,92,024.72 88,50,094.99 24,26,92,024.72 88,50,094.99
Financial assets, at fair value 24,26,92,024.72 88,50,094.99 24,26,92,024.72 88,50,094.99
187

Other financial assets at fair value class
1 [Member]
Financial assets at fair value through
Categories of financial assets [Axis] profit or loss, mandatorily measured at
fair value, category [Member]
01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Financial assets 24,26,92,024.72 88,50,094.99
Financial assets, at fair value 24,26,92,024.72 88,50,094.99
MTM Valuation of MTM Valuation of
Description of other financial assets at amortised cost class Forward Contracts Forward Contracts
(net) (net)
Description of other financial assets at fair value class Forward Contracts Forward Contracts
(net) (net)
Disclosure of financial liabilities [Table] ..(1)

Classes of financial liabilities [Axis] Financial liabilities at amortised cost, class [Member]
Financial liabilities at amortised cost,
Categories of financial liabilities [Axis] Financial liabilities, category [Member]
category [Member]
31/12/2018 31/12/2017 31/12/2018 31/12/2017
Disclosure of financial liabilities [Abstract]
Disclosure of financial liabilities [Line items]
Financial liabilities 1,708,27,60,313 1,352,87,64,130 1,708,27,60,313 1,352,87,64,130
Financial liabilities, at fair value 1,708,27,60,313 1,352,87,64,130 1,708,27,60,313 1,352,87,64,130
[400400] Notes - Non-current investments
Details of non-current investments [Table] ..(1)

Classification of non-current investments [Axis] 1
01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Non-current investments [Abstract]
Disclosure of details of non-current investments [Abstract]
Details of non-current investments [Line items]
Investment in other Investment in other
Type of non-current investments Indian companies Indian companies
equity instruments equity instruments
Class of non-current investments Other investments Other investments
Non-current investments 2,50,000 2,50,000
Name of body corporate in whom investment has been made Solutions (India) Solutions (India)
Private Limited Private Limited
Details of whether such body corporate is subsidiary, associate, joint
Associate Company Associate Company
venture or controlled special purpose entity
Number of shares of non-current investment made in body corporate [shares] 25,000 [shares] 25,000

31/12/2018 31/12/2017
Disclosure of notes on non-current investments explanatory [TextBlock]
Aggregate amount of quoted non-current investments 0 0
Market value of quoted non-current investments 0 0
Aggregate amount of unquoted non-current investments 2,50,000 2,50,000
Aggregate provision for diminution in value of non-current investments 0 0
188
[611600] Notes - Non-current asset held for sale and discontinued operations
01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of non-current assets held for sale and discontinued operations
[TextBlock]
Net cash flows from (used in) operating activities, continuing
159,85,64,363.17 328,49,48,077.26
operations
Net cash flows from (used in) operating activities 159,85,64,363.17 328,49,48,077.26
Net cash flows from (used in) investing activities, continuing
-370,97,30,779.17 -263,41,55,627.76
operations
Net cash flows from (used in) investing activities -370,97,30,779.17 -263,41,55,627.76
Net cash flows from (used in) financing activities, continuing
203,38,48,705.97 -60,09,94,852.47
operations
Net cash flows from (used in) financing activities 203,38,48,705.97 -60,09,94,852.47
Income from continuing operations attributable to owners of parent 0 0
[400100] Notes - Equity share capital
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Name of shareholder [Axis] Name of shareholder [Member] Shareholder 1 [Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
Type of share Equity Shares Equity Shares Equity Equity
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share Equity Shares Equity Shares Equity Equity
Refer to child Refer to child Yamaha Motor Co. Yamaha Motor Co.
Name of shareholder member member Ltd. Ltd.
Country of incorporation or residence of
JAPAN JAPAN
shareholder
[shares] [shares] [shares] [shares]
Number of shares held in company 131,26,02,066 131,26,02,066 111,55,45,039 111,55,45,039
Percentage of shareholding in company 99.916% 99.916% 84.916% 84.916%
Disclosure of shareholding more than five per cent in company [Table] ..(2)
Name of shareholder [Axis] Shareholder 2 [Member]
01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Type of share Equity Equity
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company [LineItems]
Type of share Equity Equity
Mitsui & Co. Ltd, Mitsui & Co. Ltd,
Name of shareholder Japan Japan
Country of incorporation or residence of shareholder JAPAN JAPAN
[shares]
Number of shares held in company 19,70,57,027
[shares] 19,70,57,027
Percentage of shareholding in company 15.00% 15.00%
189
Disclosure of classes of equity share capital [Table] ..(1)

Equity shares 1
Classes of equity share capital [Axis] Equity shares [Member]
[Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line
items]
Type of share Equity Shares
[shares] [shares] [shares]
Number of shares authorised 221,00,00,000 221,00,00,000 221,00,00,000
Value of shares authorised 2,210,00,00,000 2,210,00,00,000 2,210,00,00,000
Number of shares issued 131,37,13,516 131,37,13,516 131,37,13,516
Value of shares issued 1,313,71,35,160 1,313,71,35,160 1,313,71,35,160
Number of shares subscribed and fully paid 131,37,13,516 131,37,13,516 131,37,13,516
Value of shares subscribed and fully paid 1,313,71,35,160 1,313,71,35,160 1,313,71,35,160
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed 131,37,13,516 131,37,13,516 131,37,13,516
Total value of shares subscribed 1,313,71,35,160 1,313,71,35,160 1,313,71,35,160
Value of shares paid-up [Abstract]
Number of shares paid-up 131,37,13,516 131,37,13,516 131,37,13,516
Value of shares called 1,313,71,35,160 1,313,71,35,160 1,313,71,35,160
Calls unpaid [Abstract]
Calls unpaid by directors and officers
[Abstract]
Calls unpaid by directors 0 0 0
Calls unpaid by officers 0 0 0
Total calls unpaid by directors and
0 0 0
officers
Calls unpaid by others 0 0 0
Total calls unpaid 0 0 0
Forfeited shares 0 0 0
Forfeited shares reissued 0 0 0
Value of shares paid-up 1,313,71,35,160 1,313,71,35,160 1,313,71,35,160
Par value per share [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 0
called
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Total increase (decrease) in number of
[shares] 0 [shares] 0 [shares] 0
shares outstanding
[shares] [shares] [shares] [shares]
Number of shares outstanding at end of period 131,37,13,516 131,37,13,516 131,37,13,516 131,37,13,516
Reconciliation of value of shares outstanding
[Abstract]
Changes in equity share capital [Abstract]
Total increase (decrease) in share capital 0 0 0
Equity share capital at end of period 1,313,71,35,160 1,313,71,35,160 1,313,71,35,160 1,313,71,35,160
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
190
Disclosure of classes of equity share capital [Table] ..(2)

01/01/2017
to 31/12/2016
31/12/2017
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
[shares]
Number of shares authorised 221,00,00,000
Value of shares authorised 2,210,00,00,000
[shares]
Number of shares issued 131,37,13,516
Value of shares issued 1,313,71,35,160
[shares]
Number of shares subscribed and fully paid 131,37,13,516
Value of shares subscribed and fully paid 1,313,71,35,160
Number of shares subscribed but not fully paid [shares] 0
Value of shares subscribed but not fully paid 0
[shares]
Total number of shares subscribed 131,37,13,516
Total value of shares subscribed 1,313,71,35,160
Value of shares paid-up [Abstract]
[shares]
Number of shares paid-up 131,37,13,516
Value of shares called 1,313,71,35,160
Calls unpaid [Abstract]
Calls unpaid by directors and officers [Abstract]
Calls unpaid by directors 0
Calls unpaid by officers 0
Total calls unpaid by directors and officers 0
Calls unpaid by others 0
Total calls unpaid 0
Forfeited shares 0
Forfeited shares reissued 0
Value of shares paid-up 1,313,71,35,160
Par value per share [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Total increase (decrease) in number of shares outstanding [shares] 0
[shares] [shares]
Number of shares outstanding at end of period 131,37,13,516 131,37,13,516
Reconciliation of value of shares outstanding [Abstract]
Changes in equity share capital [Abstract]
Total increase (decrease) in share capital 0
Equity share capital at end of period 1,313,71,35,160 1,313,71,35,160
Details of application money received for allotment of securities and due for
refund and interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund and
interest accrued thereon [Abstract]
Total application money received for allotment of securities and due for
0
refund and interest accrued thereon

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of notes on equity share capital explanatory [TextBlock] [See below]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Whether reduction in capital done during year No No
Whether money raised from public offering during year No No
191
Disclosure of notes on equity share capital explanatory [Text Block]
9 Share capital
As at As at
December 31,
Particulars December 31, 2017
2018
Rs. Rs.
Authorised shares (Nos.)
2,210,000,000 (Previous year
2,210,000,000) Equity Shares of Rs. 10 22,10,00,00,000.00
22,10,00,00,000.00
each
22,10,00,00,000.00
22,10,00,00,000.00
Issued, Subscribed and Fully Paid Up

Shares:
1,313,713,516 (Previous year
1,313,713,516) Equity Shares of Rs. 10 13,13,71,35,160.00
13,13,71,35,160.00
each
13,13,71,35,160.00
13,13,71,35,160.00
Reconciliation of the shares outstanding

a. at the beginning and at the end of the
reporting period
As at As at
December 31,
Particulars 31-Dec-18
2017
Nos. Rs Nos. Rs
At the beginning of the year 13,13,71,35,160.00

1,31,37,13,516.00 13,13,71,35,160.00 1,31,37,13,516.00
Add: Issued during the year

- - - -
Outstanding at the end of the year 13137135160.00 13,13,71,35,160.00

1,31,37,13,516.00 1,31,37,13,516.00
b. Terms/ rights attached to equity shares
The Company has only one class of

equity shares having a par value of Rs.
10 per share. Each holder of equity
share is entitled to one vote per share.
In the event of liquidation of the
Company, the holders of equity shares
will be entitled to receive remaining
assets of the Company, after
distribution of all preferential amounts.
The distribution will be in proportion to
the number of equity shares held by the
shareholders.
Shares held by holding company

(Yamaha Motor Company Limited,
c.
Japan) and/or their
Subsidiaries/Associates
As at As at
December 31,
192
Particulars 2018 December 31, 2017

Rs. Rs.
Yamaha Motor Company Limited,
Japan, (the holding company)
(1,115,545,039 (Previous year
1,115,545,039) equity shares of Rs. 11,15,54,50,390
11,15,54,50,390
10/- each fully paid)
Yamaha Motor Asia Pte. Ltd.,
Singapore
(1,111,450 (Previous year 1,111,450)
equity shares of Rs. 10/- each fully 1,11,14,500
1,11,14,500
paid)
Details of shareholders holding more

d.
than 5% shares in the company
As at As at
December 31,
31-Dec-18
2017
No of Shares % Holding No of Shares % Holding
Equity shares of Rs. 10 each fully paid
Yamaha Motor Company Limited,
85.00
Japan, (the holding company) 1,11,55,45,039.00 85.00 1,11,55,45,039.00
Mitsui & Co. Ltd, Japan 15.00

1,97,10,000.00 15.00 1,97,10,000.00
[400300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on current non-current [Axis] Non-current [Member]
Classification of borrowings [Axis] Borrowings [Member]
Secured/Unsecured borrowings
Subclassification of borrowings [Axis] Unsecured borrowings [Member]
[Member]
31/12/2018 31/12/2017 31/12/2018 31/12/2017
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 345,15,72,949 459,00,21,185 345,15,72,949 459,00,21,185

Rupee term loans
Term loans from
Classification of borrowings [Axis] Term loans [Member] from banks
banks [Member]
[Member]
Unsecured Unsecured
Subclassification of borrowings [Axis] Unsecured borrowings [Member] borrowings borrowings
[Member] [Member]
31/12/2018 31/12/2017 31/12/2017 31/12/2017
Borrowings 115,15,72,949 459,00,21,185 157,26,52,625 157,26,52,625
193

Other external commercial borrowings
Classification of borrowings [Axis] Term loans from others [Member]
[Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
31/12/2018 31/12/2017 31/12/2018 31/12/2017
Borrowings 115,15,72,949 301,73,68,560 115,15,72,949 301,73,68,560

Classification based on current non-current [Axis] Non-current [Member] Current [Member]
Other loans and Other loans and
Classification of borrowings [Axis] advances advances, others Borrowings [Member]
[Member] [Member]
Unsecured Unsecured
Secured/Unsecured borrowings
Subclassification of borrowings [Axis] borrowings borrowings
[Member]
[Member] [Member]
31/12/2018 31/12/2018 31/12/2018 31/12/2017
Borrowings 230,00,00,000 230,00,00,000 743,37,92,858 548,00,00,000

Classification based on current non-current [Axis] Current [Member]
Classification of borrowings [Axis] Borrowings [Member] Term loans [Member]
31/12/2018 31/12/2017 31/12/2018 31/12/2017
Borrowings 743,37,92,858 548,00,00,000 37,00,00,000 240,00,00,000

Rupee term loans from banks
Classification of borrowings [Axis] Term loans from banks [Member]
[Member]
31/12/2018 31/12/2017 31/12/2018 31/12/2017
Borrowings 37,00,00,000 240,00,00,000 37,00,00,000 240,00,00,000

Working capital loans from banks
Classification of borrowings [Axis]
[Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member]
31/12/2018 31/12/2017
Borrowings 706,37,92,858 308,00,00,000
194
[612700] Notes - Income taxes
Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(1)
Depreciation
Temporary difference, unused tax losses and unused tax credits amortisation
Temporary differences [Member]
[Axis] impairment
[Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 159,07,00,000 134,01,51,871.41 0
Deferred tax liabilities 482,16,77,452.28 469,81,92,746.41 0
Net deferred tax liability (assets) 323,09,77,452.28 335,80,40,875 297,56,33,767.15 0
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Increase (decrease) through business
combinations, deferred tax liability -12,70,63,422.72 38,24,07,107.85
(assets)
Total increase (decrease) in deferred
-12,70,63,422.72 38,24,07,107.85 0
tax liability (assets)
Deferred tax liability (assets) at end of
323,09,77,452.28 335,80,40,875 297,56,33,767.15 0
period
Description of other temporary differences member member
Depreciation
Temporary difference, unused tax losses and unused tax credits amortisation
Other temporary differences [Member]
[Axis] impairment
[Member]
01/01/2017 01/01/2018 01/01/2017
to to to 31/12/2016
31/12/2017 31/12/2018 31/12/2017
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets 0 159,07,00,000 134,01,51,871.41
Deferred tax liabilities 0 482,16,77,452.28 469,81,92,746.41
Net deferred tax liability (assets) 0 323,09,77,452.28 335,80,40,875 297,56,33,767.15
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Increase (decrease) through business
combinations, deferred tax liability -12,70,63,422.72 38,24,07,107.85
(assets)
Total increase (decrease) in deferred
0 -12,70,63,422.72 38,24,07,107.85
tax liability (assets)
Deferred tax liability (assets) at end of
0 323,09,77,452.28 335,80,40,875 297,56,33,767.15
period
Description of other temporary differences member member
195
Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences 1 [Member]
01/01/2018 01/01/2017
to to 31/12/2016
31/12/2018 31/12/2017
Disclosure of temporary difference, unused tax losses and unused tax
credits [Abstract]
Disclosure of temporary difference, unused tax losses and unused
tax credits [Line items]
Deferred tax assets 159,07,00,000 134,01,51,871.41
Deferred tax liabilities 482,16,77,452.28 469,81,92,746.41
Net deferred tax liability (assets) 323,09,77,452.28 335,80,40,875 297,56,33,767.15
Reconciliation of changes in deferred tax liability (assets)
[Abstract]
Changes in deferred tax liability (assets) [Abstract]
Increase (decrease) through business combinations,
-12,70,63,422.72 38,24,07,107.85
deferred tax liability (assets)
Total increase (decrease) in deferred tax liability
-12,70,63,422.72 38,24,07,107.85
(assets)
Deferred tax liability (assets) at end of period 323,09,77,452.28 335,80,40,875 297,56,33,767.15
Description of other temporary differences [See below] [See below]

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of income tax [TextBlock]
Major components of tax expense (income) [Abstract]
Adjustments for deferred tax of prior periods -13,34,61,867.76 3,03,74,294.43
Total tax expense (income) -13,34,61,867.76 3,03,74,294.43
credits [TextBlock]
credits [Abstract]
Reconciliation of changes in deferred tax liability (assets)
[Abstract]
Changes in deferred tax liability (assets) [Abstract]
Reconciliation of accounting profit multiplied by applicable tax rates
[Abstract]
Other tax effects for reconciliation between accounting profit and tax
-13,34,61,867.76 3,03,74,294.43
expense (income)
Total tax expense (income) -13,34,61,867.76 3,03,74,294.43
Description of other temporary differences

Fixed Assets - Impact of difference between tax depreciation and depreciation charged to financial statements (134.02) Impact of expenditure
charged to the statement of profit and loss in the current year but allowed for tax purposes on payment basis 35.09 Impact of allowance for
doubtful debts 7.95 Impact of allowance for doubtful advances 0.61 Impact of taxes on unabosrbed depreciation 421.38 Others 4.79 Total
335.80
Description of other temporary differences

Fixed Assets - Impact of difference between tax depreciation and depreciation charged to financial statements (134.02) Impact of expenditure
charged to the statement of profit and loss in the current year but allowed for tax purposes on payment basis 35.09 Impact of allowance for
doubtful debts 7.95 Impact of allowance for doubtful advances 0.61 Impact of taxes on unabosrbed depreciation 421.38 Others 4.79 Total
335.80
196
[611000] Notes - Exploration for and evaluation of mineral resources

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of exploration and evaluation assets [TextBlock]
Whether there are any exploration and evaluation activities No No
[611900] Notes - Accounting for government grants and disclosure of government assistance
01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of accounting for government grants and disclosure of government
assistance [TextBlock]
Whether company has received any government grant or government assistance No No
[401100] Notes - Subclassification and notes on liabilities and assets
Details of loans [Table] ..(1)

Classification of loans [Axis] Loans [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
Subclassification and notes on liabilities and assets
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 10,17,40,198 12,70,25,150 10,17,40,198 12,70,25,150
Allowance for bad and doubtful loans 66,15,778 66,15,778 66,15,778 66,15,778
Total loans 9,51,24,420 12,04,09,372 9,51,24,420 12,04,09,372
Nature of other loans member member member member
Details of loans due by directors, other
officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Total loans due by directors, other
0 0 0 0
officers or others
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Loans due by firms in which any director
0 0 0 0
is partner
Loans due by private companies in
0 0 0 0
which any director is director
0 0 0 0
which any director is member
Total loans due by firms or
companies in which any director 0 0 0 0
is partner or director
197

Classification of loans [Axis] Loans [Member] Security deposits [Member]
Classification of assets based on security [Axis] Doubtful [Member] Unsecured considered good [Member]
31/12/2018 31/12/2017 31/12/2018 31/12/2017
[Abstract]
Loans , gross 0 0 9,51,24,420 12,04,09,372
Allowance for bad and doubtful loans 0 0 0 0
Total loans 0 0 9,51,24,420 12,04,09,372
0 0 0 0
officers or others
0 0 0 0
is partner
0 0 0 0
0 0 0 0

Classification of loans [Axis] Security deposits [Member] Other loans [Member]
Classification of assets based on security [Axis] Doubtful [Member] Unsecured considered good [Member]
01/01/2018 01/01/2017
31/12/2018 31/12/2017 to to
31/12/2018 31/12/2017
[Abstract]
Loans , gross 0 0 66,15,778 66,15,778
Allowance for bad and doubtful loans 0 0 66,15,778 66,15,778
Total loans 0 0 0 0
Nature of other loans member member
0 0 0 0
officers or others
0 0 0 0
is partner
0 0 0 0
0 0 0 0
198

Classification of loans [Axis] Other loans, others [Member] Loans [Member]
[Member]
01/01/2018 01/01/2017
to to 31/12/2018 31/12/2017
31/12/2018 31/12/2017
[Abstract]
Loans , gross 66,15,778 66,15,778 3,97,03,921 4,88,84,130
Allowance for bad and doubtful loans 66,15,778 66,15,778 0 0
Total loans 0 0 3,97,03,921 4,88,84,130
Provision for Provision for
Nature of other loans Doubtful Securities Doubtful Securities
Deposit Deposit
0 0 0 0
officers or others
0 0 0 0
is partner
0 0 0 0
0 0 0 0

Classification of loans [Axis] Loans [Member] Security deposits [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/12/2018 31/12/2017 31/12/2018 31/12/2017
[Abstract]
Loans , gross 3,97,03,921 4,88,84,130 3,97,03,921 4,88,84,130
Allowance for bad and doubtful loans 0 0 0 0
Total loans 3,97,03,921 4,88,84,130 3,97,03,921 4,88,84,130
0 0 0 0
officers or others
0 0 0 0
is partner
0 0 0 0
0 0 0 0
199
Other current assets others [Table] ..(1)

Other current assets others [Axis] 1 2
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
[Abstract]
Other current assets notes [Abstract]
Other current assets [Abstract]
Other current assets, others 61,58,792 32,35,792 12,88,11,363.28 10,26,76,787
Other current assets others [Abstract]
Other current assets others [Line items]
Fixed assets held Fixed assets held for Other loans and Other loans and
for sale (at net book sale (at net book a d v a n c e s advances recoverable
Description of other current assets others value or estimated value or estimated net recoverable in cash in cash or in kind or
net realisable value, realisable value, or in kind or for for value to be
whichever is lower) whichever is lower) value to be received received
Other current assets, others 61,58,792 32,35,792 12,88,11,363.28 10,26,76,787
Other current assets others [Table] ..(2)

Other current assets others [Axis] 3
01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Subclassification and notes on liabilities and assets [Abstract]
Other current assets notes [Abstract]
Other current assets [Abstract]
Other current assets, others 392,08,75,658 420,22,58,196
Other current assets others [Abstract]
Other current assets others [Line items]
Balances with Balances with
statutory / statutory /
Description of other current assets others government government
authorities authorities
Other current assets, others 392,08,75,658 420,22,58,196
Other non-current financial liabilities others [Table] ..(1)

Other non-current financial liabilities others [Axis] 1 2
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
[Abstract]
Disclosure of other non-current financial
liabilities notes [Abstract]
Other non-current financial liabilities [Abstract]
Other non-current financial liabilities, others 22,28,28,905 23,12,03,905 45,16,81,974 35,73,827
Other non-current financial liabilities others
[Abstract]
Other non-current financial liabilities
others [Line items]
Description other non-current financial Deposits from Finance lease Finance lease
Deposits from dealers
liabilities others dealers obligation obligation
Other non-current financial liabilities,
22,28,28,905 23,12,03,905 45,16,81,974 35,73,827
others
200
Other current liabilities, others [Table] ..(1)

Other current liabilities, others [Axis] 1 2
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
[Abstract]
Disclosure of other current liabilities notes
[Abstract]
Other current liabilities [Abstract]
Other current liabilities, others 120,87,66,719 94,72,75,087 18,65,30,573.22 7,18,21,063.64
Other current liabilities, others [Abstract]
Other current liabilities, others [Line
items]
Income from After Income from After
Description of other current liabilities, Sales Sales
Statutory dues Statutory dues
others Services/Extended Services/Extended
Warranty Warranty
Other current liabilities, others 120,87,66,719 94,72,75,087 18,65,30,573.22 7,18,21,063.64
Other current liabilities, others [Table] ..(2)

Other current liabilities, others [Axis] 3
01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of other current liabilities notes [Abstract]
Other current liabilities [Abstract]
Other current liabilities, others 6,50,92,748.6 2,25,27,445.36
Other current liabilities, others [Abstract]
Other current liabilities, others [Line items]
Income from Income from
Description of other current liabilities, others Extended Warranty Extended Warranty
Other current liabilities, others 6,50,92,748.6 2,25,27,445.36
Other current financial liabilities, others [Table] ..(1)

Other current financial liabilities, others [Axis] 1 2
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
[Abstract]
Disclosure of other current financial liabilities
notes [Abstract]
Other current financial liabilities [Abstract]
Other current financial liabilities, others 597,45,65,601 322,75,39,040 0 1,10,40,128.03
Other current financial liabilities, others
[Abstract]
[Line items]
Current maturities
Current maturities of
Description of other current financial of external
external commercial Book overdraft Book overdraft
liabilities, others commercial
borrowings
borrowings
Other current financial liabilities,
597,45,65,601 322,75,39,040 0 1,10,40,128.03
others
201

01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
[Abstract]
notes [Abstract]
Other current financial liabilities, others 9,52,48,482 12,31,92,379 0 0
[Abstract]
[Line items]
Description of other current financial Interest accrued but Interest accrued but Deposits from
Deposits from dealers
liabilities, others not due on loans not due on loans dealers
9,52,48,482 12,31,92,379 0 0
others

01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
[Abstract]
notes [Abstract]
Other current financial liabilities, others 0 0 42,94,53,792 269,87,90,338
[Abstract]
[Line items]
Liability on Liability on
Description of other current financial Advance from Advance from
derivative derivative
liabilities, others customers customers
instruments instruments
0 0 42,94,53,792 269,87,90,338
others

01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
[Abstract]
notes [Abstract]
Other current financial liabilities, others 257,97,52,752 257,97,52,752 15,34,84,171 15,34,84,171
[Abstract]
[Line items]
Sale consideration Sale consideration Sale consideration Sale consideration
payable to related payable to related payable to related payable to related
Description of other current financial
party- to Yamaha party- to Yamaha party- to Yamaha party- to Yamaha
liabilities, others Motor India Private Motor India Private Motor India Sales Motor India Sales
Limited Limited Private Limited Private Limited
257,97,52,752 257,97,52,752 15,34,84,171 15,34,84,171
others
202

01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
[Abstract]
notes [Abstract]
Other current financial liabilities, others 182,52,84,856.01 144,22,87,599.82 1,23,84,000 0
[Abstract]
[Line items]
Description of other current financial Creditors for capital Creditors for capital Finance lease Finance lease
liabilities, others goods goods obligation obligation
182,52,84,856.01 144,22,87,599.82 1,23,84,000 0
others
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company inventories [Member] Raw materials [Member]
01/01/2018 01/01/2017
31/12/2018 31/12/2017 to to
31/12/2018 31/12/2017
[Abstract]
Inventories notes [Abstract]
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories 499,61,41,475 347,00,79,473 188,38,77,697 124,27,21,124
Textual information Textual information
Mode of valuation (49) [See below] (50) [See below]

Classification of inventories [Axis] Work-in-progress [Member] Finished goods [Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
[Abstract]
Inventories 21,82,18,982 19,03,23,087 205,54,56,813 127,38,47,725
Textual information Textual information Textual information Textual information
Mode of valuation (51) [See below] (52) [See below] (53) [See below] (54) [See below]

Stock-in-trade
Classification of inventories [Axis] Stores and spares [Member]
[Member]
01/01/2018 01/01/2018 01/01/2017
to to to
31/12/2018 31/12/2018 31/12/2017
Inventories 6,77,976 83,79,10,007 76,31,87,537
Textual information Textual information Textual information
Mode of valuation (55) [See below] (56) [See below] (57) [See below]
203
Other non-current financial assets, others [Table] ..(1)

Classification of other non-current financial assets others [Axis] 1
01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Other non-current financial assets notes [Abstract]
Other non-current financial assets [Abstract]
Other non-current financial assets, others 2,17,591 13,97,183.75
Other non-current financial assets, others [Abstract]
Other non-current financial assets, others [Line items]
Non-current bank Non-current bank
Description other non-current financial assets, others balance balance
Other non-current financial assets, others 2,17,591 13,97,183.75
Other non-current liabilities others [Table] ..(1)

Other non-current liabilities others [Axis] 1 2
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
[Abstract]
Other non-current liabilities [Abstract]
Other non-current liabilities others 3,56,42,809.29 16,06,94,549.36 13,11,92,678.34 9,76,39,123
Other non-current liabilities others [Abstract]
Other non-current liabilities others [Line
items]
Income from After Income from After
Description of other non-current liabilities Sales Sales Income from Income from
others Services/Extended Services/Extended Extended Warranty Extended Warranty
Warranty Warranty
Other non-current liabilities others 3,56,42,809.29 16,06,94,549.36 13,11,92,678.34 9,76,39,123
Disclosure of breakup of provisions [Table] ..(1)

01/01/2018 01/01/2017
to to 31/12/2018 31/12/2017
31/12/2018 31/12/2017
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [Line items]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity 69,61,12,985 66,75,93,060 10,20,18,039 7,62,42,872
Provision leave encashment 18,42,41,293 20,59,41,495 2,35,81,633 97,11,589
Provision employee insurance scheme 1,16,37,766 1,72,04,112
Provision other employee related
70,78,474 77,23,202 76,74,737 60,52,007
liabilities
Total provisions for employee benefits 89,90,70,518 89,84,61,869 13,32,74,409 9,20,06,468
CSR expenditure provision 0 0 0 0
Other provisions 2,32,52,036.99 1,24,96,005 10,87,97,033.01 12,89,09,579.64
Total provisions 92,23,22,554.99 91,09,57,874 24,20,71,442.01 22,09,16,047.64
204
Subclassification of trade receivables [Table] ..(1)

[Member]
31/12/2018 31/12/2017 31/12/2018 31/12/2017
[Abstract]
Disclosure of notes on trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line
items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 202,68,50,479 178,70,66,364 202,68,50,479 178,70,66,364
Allowance for bad and doubtful debts 24,68,42,785 22,98,49,666 0 0
Total trade receivables 178,00,07,694 155,72,16,698 202,68,50,479 178,70,66,364
Details of trade receivables due by
directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Trade receivables due by others 105,72,68,058.07 105,72,68,058.07
Total trade receivables due by
105,72,68,058.07 105,72,68,058.07
directors, other officers or others
Details of trade receivables due by firms
or companies in which any director is
partner or director [Abstract]
Trade receivables due by firms in
0 0
which any director is partner
Trade receivables due by private
companies in which any director is 0 0
director
Trade receivables due by private
companies in which any director is 0 0
member
Total trade receivables due by
firms or companies in which any 0 0
director is partner or director
Subclassification of trade receivables [Table] ..(2)

Classification of assets based on security [Axis] Doubtful [Member]
31/12/2018 31/12/2017
Disclosure of notes on trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 0 0
Allowance for bad and doubtful debts 24,68,42,785 22,98,49,666
Total trade receivables -24,68,42,785 -22,98,49,666
Details of trade receivables due by directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Trade receivables due by others 0
Total trade receivables due by directors, other officers or others 0 0
Details of trade receivables due by firms or companies in which any
director is partner or director [Abstract]
Trade receivables due by firms in which any director is partner 0 0
Trade receivables due by private companies in which any director is director 0 0
Trade receivables due by private companies in which any director is member 0 0
Total trade receivables due by firms or companies in which any director
0 0
205
Other current financial assets others [Table] ..(1)

Other current financial assets others [Axis] 1 2
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
[Abstract]
Other current financial assets [Abstract]
Other current financial assets others 1,59,106 1,38,151 43,24,66,049 115,09,19,330.32
Other current financial assets others [Abstract]
Other current financial assets others [Line
items]
Description other current financial assets Interest accrued on Interest accrued on Export benefits VAT/sales tax subsidy
others deposits deposits receivable receivable
Other current financial assets others 1,59,106 1,38,151 43,24,66,049 115,09,19,330.32
Other current financial assets others [Table] ..(2)

Other current financial assets others [Axis] 3
01/01/2017
to
31/12/2017
Other current financial assets [Abstract]
Other current financial assets others 48,75,02,629
Other current financial assets others [Abstract]
Other current financial assets others [Line items]
Export benefits
Description other current financial assets others receivable
Other current financial assets others 48,75,02,629
Other non-current assets, others [Table] ..(1)

Other non-current assets, others [Axis] 1 2
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
[Abstract]
Other non-current assets notes [Abstract]
Other non-current assets [Abstract]
Other non-current assets, others 149,82,89,790 28,07,82,760.68 20,54,56,373.13 23,86,34,762.69
Other non-current assets, others [Abstract]
Other non-current assets, others [Line items]
Capital advances- Capital advances-
Description of other non-current assets, VAT/GST subsidy VAT/GST subsidy
Unsecured,considered Unsecured,considered
others receivable receivable
good good
Other non-current assets, others 149,82,89,790 28,07,82,760.68 20,54,56,373.13 23,86,34,762.69

01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
[Abstract]
Other non-current assets, others 5,60,59,500 1,10,59,500 103,02,91,550 42,22,80,894
Capital advances- Capital advances-
Description of other non-current assets, Deposits under Deposits under
Unsecured, Unsecured,
others protest protest
considered doubtful considered doubtful
206

01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
[Abstract]
Other loans and Other loans and
Balances with Balances with
advances advances recoverable
Description of other non-current assets, statutory / statutory /
recoverable in cash in cash or in kind or
others government government
or in kind or for for value to be
authorities authorities
value to be received received

Other non-current assets, others [Axis] 7
01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Other non-current assets, others -5,60,59,500 -1,10,59,500
Less: Provision for Less: Provision for
Description of other non-current assets, others doubtful capital doubtful capital
advance advance
Other non-current assets, others -5,60,59,500 -1,10,59,500
207

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Disclosure of notes on trade receivables explanatory [TextBlock] [See below] [See below]
Total other non-current financial assets 2,17,591 13,97,183.75
Advances, non-current 0 0
Total other non-current assets 325,55,77,085.13 146,32,37,789.37
Disclosure of notes on cash and bank balances explanatory [TextBlock] [See below] [See below]
Fixed deposits with banks 75,24,413 56,14,677.86
Other deposits with banks 0 16,44,500
Other balances with banks 78,08,598 8,53,91,543.17
Total balance with banks 1,53,33,011 9,26,50,721.03
Cash on hand 55,950 55,950
Others 76,72,960 47,35,663
Total cash and cash equivalents 2,30,61,921 9,74,42,334.03
Total cash and bank balances 2,30,61,921 9,74,42,334.03
Nature of other cash and cash equivalents [See below] [See below]
Total balances held with banks to extent held as
margin money or security against borrowings, 0 0
guarantees or other commitments
Bank deposits with more than 12 months maturity 0 0
Derivative financial instruments 24,26,92,024.72 88,50,094.99
Total other current financial assets 67,53,17,179.72 164,74,10,205.31
Total other current assets 405,58,45,813.28 430,81,70,775
Total other non-current financial liabilities 67,45,10,879 23,47,77,732
Disclosure of notes on provisions explanatory [TextBlock] [See below] [See below]
Nature of other provisions [See below] [See below]
Disclosure of notes on other non-current liabilities explanatory Textual information (68)
Total other non-current liabilities 16,68,35,487.63 25,83,33,672.36
Interest accrued on borrowings 0 0
Interest accrued on public deposits 0 0
Interest accrued others 0 0
Unpaid dividends 0 0
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Debentures claimed but not paid 0 0
Public deposit payable, current 0 0
Total other current financial liabilities 1,107,01,73,654.01 1,023,60,86,407.85
Disclosure of other current liabilities notes explanatory [TextBlock] [See below]
Current liabilities portion of share application money pending
0 0
allotment
Total other current liabilities 146,03,90,040.82 104,16,23,596
Mode of valuation
Lower of cost and net realizable value. However, materials and other items held for use in the production of inventories are not written down
below cost if the finished goods in which they will be incorporated are expected to be sold at or above cost. Cost for this purpose is
determined on a weighted average basis.
Mode of valuation
208
Mode of valuation
Lower of cost and net realizable value. Cost includes direct material and labour and a proportion of manufacturing overheads based on
normal operating capacity. Cost of finished goods includes excise duty. Cost is determined on weighted average basis.
Mode of valuation
Lower of cost and net realizable value. Cost includes direct material and labour and a proportion of manufacturing overheads based on
normal operating capacity. Cost of finished goods includes excise duty. Cost is determined on weighted average basis.
Mode of valuation
Mode of valuation
Mode of valuation
determined on a weighted average basis. Stores and spares which do not meet the definition of Property, plant and equipment are accounted
as inventories.
Mode of valuation
as inventories.
Mode of valuation
as inventories.
209
Disclosure of notes on trade receivables explanatory [Text Block]

Trade receivables (Unsecured)
As at
Rs.
Trade receivable other than Related Parties 96,95,82,420.93
Receivable from Related Parties (refer note 32) 1,05,72,68,058.07
Total 2,02,68,50,479.00
Less: Provision for doubtful debts (24,68,42,785.00)
Total 1,78,00,07,694.00
Disclosure of notes on trade receivables explanatory [Text Block]

Trade receivables (Unsecured)
As at
Rs.
Trade receivable other than Related Parties 80,42,62,932.74
Receivable from Related Parties (refer note 32) 98,28,03,431.26
Total 1,78,70,66,364.00
Less: Provision for doubtful debts (22,98,49,666.00)
Total 1,55,72,16,698.00
210
Disclosure of notes on cash and bank balances explanatory [Text Block]

Cash and bank balances
As at
December 31,
Particulars
2018
Rs.
Cash and cash equivalents
Balances with banks:
- Current accounts
78,08,598.00
- EEFC accounts
75,24,413.00
- Deposits with original maturity of less than three months

-
Cash on hand
55,950.00
Other bank balances
- Deposits having original maturity of more than 12 months

2,17,591.00
- Deposits with original maturity of more than 3 months but less than 12 months
76,72,960.00
Total
2,32,79,512.00
Less: Deposits having maturity of more than 12 months disclosed under other non current assets (refer
note 4(iii)) 2,17,591.00
Total
2,30,61,921.00
211
Disclosure of notes on cash and bank balances explanatory [Text Block]

As at
December 31,
Particulars
2017
Rs.
Cash and cash equivalents
Balances with banks:
- Current accounts
8,53,91,543.17
- EEFC accounts
56,14,677.86
- Deposits with original maturity of less than three months

16,44,500.00
Cash on hand
55,950.00
Other bank balances

13,97,183.75
47,35,663.00
Total
9,88,39,517.78
note 4(iii)) 13,97,183.75
Total
9,74,42,334.03
Nature of other cash and cash equivalents

As at
December 31,
Particulars
2018
Rs.
Other bank balances

2,17,591.00
76,72,960.00
Total
2,32,79,512.00
note 4(iii)) 2,17,591.00
Total
2,30,61,921.00
212
Nature of other cash and cash equivalents

As at
December 31,
Particulars
2017
Rs.
Other bank balances

13,97,183.75
47,35,663.00
Total
9,88,39,517.78
note 4(iii)) 13,97,183.75
Total
9,74,42,334.03
Disclosure of notes on provisions explanatory [Text Block]

Provision
Non-Current Current
As at As at
Rs. Rs.
Provision for employee benefits:

Provision for post-employment medical benefits (refer note 31) 1,16,37,766.00 -
Provision for leave benefits 18,42,41,293.00 2,35,81,633.00
Provision for long term service award 49,55,530.00 13,12,000.00
Provision for retirement award 21,22,944.00 2,60,100.00
Provision for gratuity (refer note 31) 69,61,12,985.00 10,20,18,039.00
Provision for superannuation (refer note 31) - 61,02,637.00
Other provisions: - -
Provision for warranties 1,13,41,876.99 10,87,97,033.01
Provision for Decommissioning cost 1,19,10,160.00 -
Provision for contingencies* - -
92,23,22,554.99 24,20,71,442.01
213
Disclosure of notes on provisions explanatory [Text Block]

Provision
Non-Current Current
As at As at
Rs. Rs.
Provision for employee benefits:

Provision for post-employment medical benefits (refer note 31) 1,72,04,112.00 -
Provision for leave benefits 20,59,41,495.00 97,11,589.00
Provision for long term service award 53,36,364.00 28,12,000.00
Provision for retirement award 23,86,838.00 3,21,300.00
Provision for gratuity (refer note 31) 66,75,93,060.00 7,62,42,872.00
Provision for superannuation (refer note 31) - 29,18,707.00
Provision for warranties 12,60,005.00 12,89,09,579.64
91,09,57,874.00 22,09,16,047.64
1.26 23.77
Nature of other provisions
Provision
Non-Current Current
As at As at
Rs. Rs.
Provision for warranties 1,13,41,876.99 10,87,97,033.01
92,23,22,554.99 24,20,71,442.01
214
Nature of other provisions
Provision
Non-Current
As at As at
Rs. Rs.
Provision for warranties 12,60,005.00 12,89,09,579.64
91,09,57,874.00 22,09,16,047.64
Disclosure of notes on other non-current liabilities explanatory [Text Block]
Others liabilities
Non-Current
As at As at
Rs. Rs.
Statutory dues - -
Deferred Revenue:
Income from After Sales Services/Extended Warranty 3,56,42,809.29 16,06,94,549.36
Income from Extended Warranty 13,11,92,678.34 9,76,39,123.00
16,68,35,487.63 25,83,33,672.36
Disclosure of other current liabilities notes explanatory [Text Block]

Current
As at As at
Rs. Rs.
Statutory dues 1,20,87,66,719.00 94,72,75,087.00

Deferred Revenue:
Income from After Sales Services/Extended Warranty 18,65,30,573.21 7,18,21,063.64
Income from Extended Warranty 6,50,92,748.61 2,25,27,445.36
1,46,03,90,040.82 1,04,16,23,596.00
215
[401200] Notes - Additional disclosures on balance sheet

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of additional balance sheet notes explanatory [TextBlock]
Additional balance sheet notes [Abstract]
Contingent liabilities and commitments [Abstract]
Classification of contingent liabilities [Abstract]
Total contingent liabilities 0 0
Total contingent liabilities and commitments 0 0
Details regarding dividends [Abstract]
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0
shareholders
Details of deposits [Abstract]
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Details of share application money received and paid [Abstract]
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0
Share application money received and due for refund 0 0
Details regarding cost records and cost audit[Abstract]
Details regarding cost records [Abstract]
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, No No
2014
Net worth of company 779,46,69,376.11 0
Details of unclaimed liabilities [Abstract]
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Financial parameters balance sheet items [Abstract]
Investment in subsidiary companies 0 0
Investment in government companies 0 0
Amount due for transfer to investor education and protection fund
0 0
(IEPF)
Gross value of transactions with related parties 0 0
Number of warrants converted into equity shares during period [pure] 0 [pure] 0
Number of warrants converted into preference shares during period [pure] 0 [pure] 0
Number of warrants converted into debentures during period [pure] 0 [pure] 0
Number of warrants issued during period (in foreign currency) [pure] 0 [pure] 0
Number of warrants issued during period (INR) [pure] 0 [pure] 0
[611800] Notes - Revenue

01/01/2018
to
31/12/2018
Disclosure of revenue [TextBlock] [See below]
216
Disclosure of revenue [Text Block]
Revenue from operations

For the year For the year
ended ended
December 31, December 31,
Particulars
2018 2017
Rs. Rs.
Revenue from operations
Sale of products
-Finished goods (net off deferred revenue, including excise duty)

62,16,75,21,380.00 57,50,39,58,073.00
-Traded goods
1,61,35,511.00 1,12,81,181.00
Sale of services
- Warranty service
8,79,55,921.00 6,28,04,924.00
- After sale service

34,60,00,000.00 34,03,00,000.00
Other operating revenue
Scrap Sales
12,29,66,955.00 10,30,00,043.00
Revenue from operations (gross)

62,74,05,79,767.00 58,02,13,44,221.00
Total
62,74,05,79,767.00 58,02,13,44,221.00
* Sale of goods includes excise duty collected from customers of Nil (Previous
year: Rs. 248.16 Crore). Sales of goods net of excise duty/Goods and Service
Tax is Rs. 6,251.35 Crores (Previous year Rs. 5,536.27 Crore).
For the year For the year

ended ended
December 31, December 31,
Particulars
2018 2017
Rs. Rs.
Details of finished goods sold
Motor cycles
37,64,85,95,986.25 32,15,10,88,808.00
Scooters
16,71,00,47,974.75 18,71,79,00,000.00
Spare parts
7,80,88,77,419.00 6,63,49,69,265.00
Total
62,16,75,21,380.00 57,50,39,58,073.00
Details of traded goods sold
Motor cycles
1,61,35,511.00 1,12,81,181.00
Total
1,61,35,511.00 1,12,81,181.00
217
[612400] Notes - Service concession arrangements

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of service concession arrangements [TextBlock]
Whether there are any service concession arrangments No No
[612000] Notes - Construction contracts

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of notes on construction contracts [TextBlock]
Whether there are any construction contracts No No
[612600] Notes - Employee benefits

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of employee benefits [TextBlock] [See below]
Disclosure of defined benefit plans [TextBlock]
Whether there are any defined benefit plans No No
Disclosure of employee benefits [Text Block]
Employee benefits expense

For the year ended For the year ended
Rs. Rs.
Salaries, wages and bonus 3,46,50,27,977.89 3,24,64,28,530.61
Contributions to provident and other funds 18,89,99,016.38 16,61,98,029.15
Gratuity expense 10,02,79,543.00 8,51,76,266.00
Workmen and staff welfare expenses 87,05,51,587.09 82,00,01,983.19
Total 4,62,48,58,124.36 4,31,78,04,808.95
[612800] Notes - Borrowing costs

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of borrowing costs [TextBlock]
Whether any borrowing costs has been capitalised during the year No No
218
[700100] Notes - Key managerial personnels and directors remuneration and other information
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)
Key managerial personnels and directors [Axis] 1 2 3 4
01/01/2018 01/01/2018 01/01/2018 01/01/2018
to to to to
31/12/2018 31/12/2018 31/12/2018 31/12/2018
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors
[Abstract]
Disclosure of key managerial personnels and directors
and remuneration to key managerial personnels and
directors [LineItems]
Name of key managerial personnel or director Riuji Kawashima Takashi Terabayashi Tatsuo Hirase Yukihiko Tada
Director identification number of key managerial
03425405 05229128 07888149 08118800
personnel or director
Date of birth of key managerial personnel or
15/12/1958 06/05/1958 30/05/1964 10/03/1969
director
Designation of key managerial personnel or director Director Managing Director Director Director
Qualification of key managerial personnel or
Post Graduate Graduate Law Graduate Graduate
director
Shares held by key managerial personnel or director [shares] 0 [shares] 0 [shares] 0 [shares] 0
Key managerial personnel or director remuneration
[Abstract]
Gross salary to key managerial personnel or
director [Abstract]
Salary key managerial personnel or director 1,47,02,640 35,95,549 1,79,07,284 1,19,13,285
Perquisites key managerial personnel or
12,08,511 3,05,015 7,28,342 7,28,342
director
Profits in lieu of salary key managerial
0 0 0 0
personnel or director
Gross salary to key managerial personnel or
1,59,11,151 39,00,564 1,86,35,626 1,26,41,627
director
Sitting fees key managerial personnel or
0 0 0 0
director
Stock option key managerial personnel or
0 0 0 0
director
Sweat equity key managerial personnel or
0 0 0 0
director
Commission as percentage of profit key
0 0 0 0
managerial personnel or director
Other commission key managerial personnel or
0 0 0 0
director
Other compensation key managerial personnel or
0 0 0 0
director
Total key managerial personnel or director
1,59,11,151 39,00,564 1,86,35,626 1,26,41,627
remuneration

01/01/2018
to
31/12/2018
Disclosure of key managerial personnels and directors and remuneration Textual information (72)
to key managerial personnels and directors explanatory [TextBlock] [See below]
219
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and
directors explanatory [Text Block]
REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
A. Remuneration to Managing Director, Whole-time Directors and/or Manager
Name of
Sl.
Particulars of Remuneration MD/WTD/ Total Amount
No.
Manager
Takashi
Terabayashi
(Resigned on
24.10.2018) 07.05.2018) 22.07.2017)
09.04.2018)
Rs.
Rs. 1,59,11,151/-
Gross Salary Rs. 5,38,46,766/-
Rs.
1,26,41,627/- Rs. 39,00,564/-
2,13,93,424/-
(a) Salary as per provisions Rs.
Rs.
contained in section 17(1) of Rs. Rs. 35,95,549/- 4,81,18,758/-
1,47,02,640/- Rs. 17907284/-
the Income-tax Act, 1961 1,19,13,285/-
1.
17(2) Income-tax Act, 1961
(c) Profits in lieu of salary

under section 17(3) Income- Rs. 3,05,015/-
Rs. 12,08,511/- Rs. 7,28,342/-
tax Act, 1961 Rs. 7,28,342/- Rs.
57,28,007/-
2. Stock Option - - - - -
3. Sweat Equity - - - - -
Commission
4. -as % of profit - - - - -
-others, specify
5. Others, please specify - - - - -
Rs. Rs. Rs.

Total (A) Rs. 1,59,11,151/- Rs. 39,00,564/-
1,26,41,627/- 2,13,93,424/- 5,38,46,766/-
Ceiling as per the Act No Limit
220
221
B. Remuneration to other directors:
Sl. Particulars of Remuneration Name of Directors Total
no. Amount
N. A. N. A. N. A. N. A.
3. Independent Directors
· Fee for attending board committee meetings
· Commission
· Others, please specify
Total (1)
4. Other Non-Executive Directors

· Fee for attending board committee meetings
· Commission
· Others, please specify
Total (2)
Total (B)=(1+2)
Total Managerial Remuneration
Overall Ceiling as per the Act
C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD
Sl. Key Managerial

Particulars of Remuneration
No. Personnel
Company
CEO CFO TOTAL
Secretary
Gross salary
(a) Salary as per provisions contained in section 17(1) of the

Income-tax Act, 1961
1. Nil Nil Nil Nil
(b) Value of perquisites u/s 17(2) Income-tax Act, 1961
(c) Profits in lieu of salary under section 17(3) Income-tax Act,

1961
2. Stock Option
3. Sweat Equity
Commission
4. -as % of profit
-others, specify…
5. Others, please specify
Total
222
[612200] Notes - Leases

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of leases [TextBlock]
Whether company has entered into any lease agreement No No
Disclosure of recognised finance lease as assets by lessee [TextBlock]
Whether any operating lease has been converted to financial lease or
No No
vice-versa
[612300] Notes - Transactions involving legal form of lease

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of arrangements involving legal form of lease [TextBlock]
Whether there are any arrangements involving legal form of lease No No
[612900] Notes - Insurance contracts

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of insurance contracts [TextBlock]
Whether there are any insurance contracts as per Ind AS 104 No No
[613100] Notes - Effects of changes in foreign exchange rates

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of effect of changes in foreign exchange rates [TextBlock]
Whether there is any change in functional currency during the year No No
Description of presentation currency INR
223
[500100] Notes - Subclassification and notes on income and expenses

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products (A) 6,218,36,56,891 (B) 5,751,52,39,254
Revenue from sale of services (C) 55,69,22,876 (D) 50,61,04,967
Total revenue from operations other than finance company 6,274,05,79,767 5,802,13,44,221
Total revenue from operations 6,274,05,79,767 5,802,13,44,221
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on non-current investments [Abstract]
Interest on other non-current investments (E) 60,07,352 (F) 96,92,20,905
Total interest income on non-current investments 60,07,352 96,92,20,905
Total interest income 60,07,352 96,92,20,905
Dividend income [Abstract]
Dividend income non-current investments [Abstract]
Dividend income non-current investments from others 14,87,351.25 0
Total dividend income non-current investments 14,87,351.25 0
Total dividend income 14,87,351.25 0
Other non-operating income [Abstract]
Income government grants subsidies 53,81,40,029 55,23,24,014.39
Income export incentives 62,31,37,894 63,56,52,006
Excess provisions written back 8,57,619 8,21,84,223
Miscellaneous other non-operating income (G) 3,16,76,967 (H) 5,90,53,668.85

Total other non-operating income 119,38,12,509 132,92,13,912.24
Total other income 120,13,07,212.25 229,84,34,817.24
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense non-current loans [Abstract]
Interest expense non-current loans, others 16,10,05,002.45 8,16,90,718.53
Total interest expense non-current loans 16,10,05,002.45 8,16,90,718.53
Interest expense current loans [Abstract]
Interest expense current loans, banks 29,41,23,689.58 30,48,56,737.94
Total interest expense current loans 29,41,23,689.58 30,48,56,737.94
Other interest charges (I) 42,72,98,488.51 (J) 52,58,57,777.87

Total interest expense 88,24,27,180.54 91,24,05,234.34
Total finance costs 88,24,27,180.54 91,24,05,234.34
Employee benefit expense [Abstract]
Salaries and wages 342,55,01,211.89 319,50,09,159.61
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Salary to directors 3,95,26,766 5,14,19,371
Total remuneration to directors 3,95,26,766 5,14,19,371
Total managerial remuneration 3,95,26,766 5,14,19,371
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 18,89,99,016.38 16,61,98,029.15
Total contribution to provident and other funds 18,89,99,016.38 16,61,98,029.15
Gratuity 10,02,79,543 8,51,76,266
Staff welfare expense 87,05,51,587.09 82,00,01,983.19
Total employee benefit expense 462,48,58,124.36 431,78,04,808.95
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 213,71,00,000 194,05,00,000
Amortisation expense 56,51,66,278.36 48,34,30,784.52
Total depreciation, depletion and amortisation expense 270,22,66,278.36 242,39,30,784.52
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 43,97,83,090.02 38,85,20,775.47
Power and fuel 75,22,94,516.19 68,37,81,602.65
224
Rent 9,03,52,983.42 10,00,36,439.07

Repairs to building 1,81,11,462.8 3,88,80,873.26
Repairs to machinery 25,00,81,400.56 27,72,57,226.17
Insurance 73,62,445.76 64,60,983.5
Rates and taxes excluding taxes on income [Abstract]
Excise duty 0 248,16,22,150
Other cess taxes 91,70,086.32 5,31,71,456.79
Total rates and taxes excluding taxes on income 91,70,086.32 253,47,93,606.79
Telephone postage 5,99,39,289.81 6,39,38,808.38
Printing stationery 3,20,94,354.71 2,93,94,523.26
Travelling conveyance 10,97,55,838.98 9,89,32,868.22
Legal professional charges 188,65,94,669.94 191,41,02,476.12
Directors sitting fees 0 0
Advertising promotional expenses 152,54,70,603.67 200,98,87,848.09
Warranty claim expenses 23,48,96,869.31 30,89,31,132.66
Cost repairs maintenance other assets 23,31,74,839.24 24,19,33,044.95
Cost transportation [Abstract]
Cost freight 45,09,82,854.32 48,32,66,029.28
Total cost transportation 45,09,82,854.32 48,32,66,029.28
Cost technical services 1,07,88,559.82 1,66,17,819.97
Cost royalty 119,25,15,304.14 112,48,48,180.67
Loss on disposal of intangible Assets 0 0
Loss on disposal, discard, demolishment and destruction of
47,43,667.25 3,16,01,592.87
depreciable property plant and equipment
Payments to auditor [Abstract]
Payment for audit services 5,00,000 42,00,000
Payment for taxation matters 0 2,00,000
Payment for other services 53,00,000 34,23,000
Total payments to auditor 58,00,000 78,23,000
CSR expenditure 0 0
Miscellaneous expenses (K) 94,16,86,704.35 (L) 42,10,65,012.25

Total other expenses 825,55,99,540.61 1,078,20,73,843.63
Current tax [Abstract]
Total current tax 0 0
Footnotes
(A) : 0 -Finished goods (net off deferred revenue, including excise duty) : 62167521380 -Traded goods : 16135511
(B) : 0 -Finished goods (net off deferred revenue, including excise duty) : 57503958073 -Traded goods : 11281181
(C) - Warranty service : 87955921 - After sale service : 346000000 Scrap Sales : 122966955
(D) - Warranty service : 62804924 - After sale service : 340300000 Scrap Sales : 103000043
(E) -Bank deposit : 457491 -Others : 5549861 Exchange difference (net) [including MTM gain (net)] : 0
(F) -Bank deposit : 468886 -Others : 5998409 Exchange difference (net) [including MTM gain (net)] : 962753610
(G) Subsidy on Packing credit loan from bank* : 25886575 Miscellaneous income : 5790392
(H) Subsidy on Packing credit loan from bank* : 47183166.85 Miscellaneous income : 11870502
(I) Charges on derivative instruments : 303549888 Subsidy on Packing credit loan from bank (Refer note 17) : 25886575 Other
financial charges : 97187865.51 Unwinding of discount and effect of changes in discount rate on provisions (refer note 15) : 674160
(J) Charges on derivative instruments : 378500000 Subsidy on Packing credit loan from bank (Refer note 17) : 47200000 Other
financial charges : 99521777.87 Unwinding of discount and effect of changes in discount rate on provisions (refer note 15) : 636000
(K) : 0 Provision for doubtful debts and advances : 61993118.82 Provision for Capital work in progress (refer note 44) : 0 Design
and development charges : 20004713.88 Exchange difference (net) [including MTM loss (net)] : 558595734 Miscellaneous expenses
: 301093137.65
(L) : 0 Provision for doubtful debts and advances : 3097282 Provision for Capital work in progress (refer note 44) : 134500000
Design and development charges : 22891994.45 Exchange difference (net) [including MTM loss (net)] : 0 Miscellaneous expenses :
260575735.8
225
[613200] Notes - Cash flow statement

01/01/2018 01/01/2017
to to 31/12/2016
31/12/2018 31/12/2017
Disclosure of cash flow statement [TextBlock]
Cash and cash equivalents cash flow statement 1,53,88,961 9,27,06,671.03 4,29,09,074
Other differences to cash and cash equivalents in statement of cash
-76,72,960 -47,35,663
flows
Cash and cash equivalents 2,30,61,921 9,74,42,334.03
Income taxes paid (refund), classified as operating activities 13,35,089.58 -9,63,567
Total income taxes paid (refund) 13,35,089.58 -9,63,567
[500200] Notes - Additional information statement of profit and loss

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Additional information on profit and loss account explanatory [TextBlock]
Changes in inventories of finished goods -78,17,09,087.67 15,74,13,063.77
Changes in inventories of work-in-progress -2,78,95,894.81 -6,83,712.85
Changes in inventories of stock-in-trade -6,77,976 1,36,53,851.7
Total changes in inventories of finished goods, work-in-progress and
-81,02,82,958.48 17,03,83,202.62
stock-in-trade
Domestic sale traded goods 4,576,80,07,726 4,457,89,03,681
Total domestic turnover goods, gross 4,576,80,07,726 4,457,89,03,681
Export sale traded goods 1,641,56,49,165 1,293,63,35,573
Total export turnover goods, gross 1,641,56,49,165 1,293,63,35,573
Total revenue from sale of products (A) 6,218,36,56,891 (B) 5,751,52,39,254

Domestic revenue services 55,69,22,876 50,61,04,967
Total revenue from sale of services (C) 55,69,22,876 (D) 50,61,04,967

Gross value of transaction with related parties 0 0
Bad debts of related parties 0 0
Footnotes
(A) : 0 -Finished goods (net off deferred revenue, including excise duty) : 62167521380 -Traded goods : 16135511
(B) : 0 -Finished goods (net off deferred revenue, including excise duty) : 57503958073 -Traded goods : 11281181
(C) - Warranty service : 87955921 - After sale service : 346000000 Scrap Sales : 122966955
(D) - Warranty service : 62804924 - After sale service : 340300000 Scrap Sales : 103000043
226
[611200] Notes - Fair value measurement
Disclosure of significant unobservable inputs used in fair value measurement of liabilities [Table] ..(1)
Recurring fair value measurement
Measurement [Axis] At fair value [Member]
[Member]
Classes of liabilities [Axis] 1 1
Valuation techniques used in fair value measurement [Axis] Valuation techniques [Member] Valuation techniques [Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
Nature of liabilities member member member member
Disclosure of significant unobservable inputs
used in fair value measurement of liabilities
[Abstract]
Disclosure of significant unobservable
inputs used in fair value measurement of
liabilities [Line items]
Nature of liabilities member member member member
Disclosure of fair value measurement of liabilities [Table] ..(1)

Recurring fair
value
measurement
[Member]
Classes of liabilities [Axis] 1 1
All levels of fair
Levels of fair value hierarchy [Axis] All levels of fair value hierarchy [Member] value hierarchy
[Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
Disclosure of fair value measurement of liabilities
[Abstract]
Disclosure of fair value measurement of
Nature of liabilities member
Refer to child member
member
Liabilities 997,47,67,947 1,352,87,64,130 1,352,87,64,130 997,47,67,947
Description of valuation techniques used in Refer to child Refer to child
fair value measurement, liabilities member member
Reconciliation of changes in fair value
measurement, liabilities [Abstract]
Changes in fair value measurement,
liabilities [Abstract]
Losses (gains) recognised in profit
or loss, fair value measurement, 355,39,96,183 0 355,39,96,183
liabilities
Total increase (decrease) in fair value
-355,39,96,183 0 -355,39,96,183
measurement, liabilities
Liabilities at end of period 997,47,67,947 1,352,87,64,130 1,352,87,64,130 997,47,67,947
Description of line items in profit or loss
where gains (losses) are recognised, fair member
member
value measurement, liabilities
Description of line items in other
comprehensive income where gains (losses) are Refer to child Refer to child
recognised, fair value measurement, member member
liabilities
Nature of liabilities member
member
227

Measurement [Axis] Recurring fair value measurement [Member]
Classes of liabilities [Axis] 1
All levels of fair value hierarchy Level 1 of fair value hierarchy
Levels of fair value hierarchy [Axis]
[Member] [Member]
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
[Abstract]
Nature of liabilities Refer to child member Borrowings Borrowings
Liabilities 1,352,87,64,130 1,352,87,64,130 973,51,89,042 1,329,75,60,225
Description of valuation techniques used in Textual information Textual information
fair value measurement, liabilities (73) [See below] (74) [See below]
or loss, fair value measurement, 0 356,23,71,183 0
liabilities
0 -356,23,71,183 0
Liabilities at end of period 1,352,87,64,130 1,352,87,64,130 973,51,89,042 1,329,75,60,225
Borrowing are
Borrowing are
evaluated by the
evaluated by the
Description of line items in profit or loss company based on
company based on
parameters such as
where gains (losses) are recognised, fair Refer to child member
interest rates,
parameters such as
value measurement, liabilities interest rates, specific
specific country risk
country risk factors
factors and
and prepayment.
prepayment.
Borrowing are
Borrowing are
evaluated by the
Description of line items in other evaluated by the
company based on
company based on
comprehensive income where gains (losses) are parameters such as
Refer to child member parameters such as
recognised, fair value measurement, interest rates,
interest rates, specific
liabilities specific country risk
country risk factors
factors and
and prepayment.
prepayment.
Nature of liabilities Refer to child member Borrowings Borrowings
228

Classes of liabilities [Axis] 1
Level 1 of fair
Levels of fair value hierarchy [Axis] value hierarchy Level 2 of fair value hierarchy [Member]
[Member]
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
[Abstract]
Security Deposits Security Deposits
Nature of liabilities received received
Liabilities 1,329,75,60,225 23,95,78,905 23,12,03,905 23,12,03,905
Description of valuation techniques used in Textual information (75) Textual information (76)
fair value measurement, liabilities [See below] [See below]
or loss, fair value measurement, -83,75,000 0
liabilities
83,75,000 0
Liabilities at end of period 1,329,75,60,225 23,95,78,905 23,12,03,905 23,12,03,905
where gains (losses) are recognised, fair [See below] [See below]
value measurement, liabilities
comprehensive income where gains (losses) are Textual information (79) Textual information (80)
recognised, fair value measurement, [See below] [See below]
liabilities
Security Deposits Security Deposits
Nature of liabilities received received
229
Disclosure of fair value measurement of equity [Table] ..(1)

Recurring fair
value
measurement
[Member]
Classes of entity's own equity instruments [Axis] 1 1
All levels of fair
[Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
Disclosure of fair value measurement of equity
[Abstract]
[Line items]
Equity 1,313,71,35,160 1,313,71,35,160 1,313,71,35,160 1,313,71,35,160
Description of valuation techniques used
in fair value measurement, entity's own member
member
equity instruments
measurement, entity's own equity
instruments [Abstract]
entity's own equity instruments
[Abstract]
Losses (gains) recognised in profit or
loss, fair value measurement, entity's 0 0 0
own equity instruments
Losses (gains) recognised in other
comprehensive income, fair value
0 0 0
instruments
measurement, entity's own equity 0 0 0
instruments
Equity at end of period 1,313,71,35,160 1,313,71,35,160 1,313,71,35,160 1,313,71,35,160
where gains (losses) are recognised, fair Refer to child Refer to child
value measurement, entity's own equity member member
instruments
comprehensive income where gains (losses) Refer to child Refer to child
are recognised, fair value measurement, member member
230

Classes of entity's own equity instruments [Axis] 1
[Member] [Member]
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
[Abstract]
[Line items]
Equity 1,313,71,35,160 1,313,71,35,160 1,313,71,35,160 1,313,71,35,160
Description of valuation techniques used
in fair value measurement, entity's own Refer to child member NA NA
equity instruments
instruments [Abstract]
[Abstract]
Losses (gains) recognised in profit or
loss, fair value measurement, entity's 0 0 0
own equity instruments
Losses (gains) recognised in other
comprehensive income, fair value
0 0 0
instruments
measurement, entity's own equity 0 0 0
instruments
Equity at end of period 1,313,71,35,160 1,313,71,35,160 1,313,71,35,160 1,313,71,35,160
where gains (losses) are recognised, fair
Refer to child member NA NA
value measurement, entity's own equity
instruments
comprehensive income where gains (losses)
Refer to child member NA NA
are recognised, fair value measurement,

Recurring fair
value
Measurement [Axis]
measurement
[Member]
Classes of entity's own equity instruments [Axis] 1
Level 1 of fair
Levels of fair value hierarchy [Axis] value hierarchy
[Member]
31/12/2016
Disclosure of fair value measurement of equity [Abstract]
Disclosure of fair value measurement of equity [Line items]
Equity 1,313,71,35,160
Reconciliation of changes in fair value measurement, entity's own equity instruments [Abstract]
Equity at end of period 1,313,71,35,160
231
Disclosure of significant unobservable inputs used in fair value measurement of assets [Table] ..(1)
[Member]
Classes of assets [Axis] Classes of assets [Member] Classes of assets [Member]
Range [Axis] Ranges [Member] Ranges [Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
Nature of other assets member member member member
used in fair value measurement of assets
[Abstract]
assets [Line items]
Classes of assets [Axis] Other assets [Member] Other assets 1 [Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
[Abstract]
assets [Line items]
Classes of assets [Axis] Other assets 2 [Member] Other assets 3 [Member]
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
[Abstract]
assets [Line items]
232
Measurement [Axis]
[Member]
Classes of assets [Axis] Other assets 4 [Member]
Valuation techniques used in fair value measurement [Axis] Valuation techniques [Member]
Range [Axis] Ranges [Member]
01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Nature of other assets member member
Disclosure of significant unobservable inputs used in fair value measurement of assets
[Abstract]
Disclosure of significant unobservable inputs used in fair value measurement of
assets [Line items]
Nature of other assets member member
Disclosure of fair value measurement of assets [Table] ..(1)

Recurring fair
value
measurement
[Member]
Classes of assets
Classes of assets [Axis] Classes of assets [Member]
[Member]
All levels of fair
[Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
Disclosure of fair value measurement of assets
[Abstract]
[Line items]
Assets 37,79,87,956.72 17,97,90,780.74 2,50,000 37,79,87,956.72
Refer to child
Nature of other assets Refer to child member Refer to child member
member
Description of valuation techniques used in Refer to child
Refer to child member Refer to child member
fair value measurement, assets member
measurement, assets [Abstract]
Changes in fair value measurement, assets
[Abstract]
Gains (losses) recognised in profit
or loss, fair value measurement, 19,81,97,175.98 17,95,40,780.74 19,81,97,175.98
assets
19,81,97,175.98 17,95,40,780.74 19,81,97,175.98
measurement, assets
Assets at end of period 37,79,87,956.72 17,97,90,780.74 2,50,000 37,79,87,956.72
Refer to child
where gains (losses) are recognised, fair Refer to child member Refer to child member
member
value measurement, assets
Refer to child
comprehensive income where gains (losses) are Refer to child member Refer to child member
member
recognised, fair value measurement, assets
Refer to child
member
233

Classes of assets [Axis] Classes of assets [Member] Other assets [Member]
All levels of fair value hierarchy All levels of fair value hierarchy
[Member] [Member]
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
[Abstract]
[Line items]
Assets 17,97,90,780.74 2,50,000 37,79,87,956.72 17,97,90,780.74
Nature of other assets Refer to child member
member member
Description of valuation techniques used in Refer to child Refer to child
fair value measurement, assets member member
[Abstract]
or loss, fair value measurement, 17,95,40,780.74 19,81,97,175.98 17,95,40,780.74
assets
17,95,40,780.74 19,81,97,175.98 17,95,40,780.74
measurement, assets
Assets at end of period 17,97,90,780.74 2,50,000 37,79,87,956.72 17,97,90,780.74
member member
comprehensive income where gains (losses) are Refer to child member
member member
Nature of other assets Refer to child member
member member

Other assets
[Member]
All levels of fair
Levels of fair value hierarchy [Axis] value hierarchy All levels of fair value hierarchy [Member]
[Member]
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
[Abstract]
[Line items]
Assets 2,50,000 13,48,28,341 16,92,93,502 0
Description of valuation techniques used in
fair value measurement, assets
[Abstract]
or loss, fair value measurement, -3,44,65,161 16,92,93,502
assets
-3,44,65,161 16,92,93,502
measurement, assets
Assets at end of period 2,50,000 13,48,28,341 16,92,93,502 0
234

Other assets 2
[Member]
All levels of fair
Levels of fair value hierarchy [Axis] Level 1 of fair value hierarchy [Member] value hierarchy
[Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
[Abstract]
[Line items]
Assets 13,48,28,341 16,92,93,502 0 2,50,000
Refer to child
Nature of other assets Security deposits paid Security deposits paid
member
Description of valuation techniques used in Textual information (81) Textual information (82) Refer to child
fair value measurement, assets [See below] [See below] member
[Abstract]
or loss, fair value measurement, -3,44,65,161 16,92,93,502 0
assets
-3,44,65,161 16,92,93,502 0
measurement, assets
Assets at end of period 13,48,28,341 16,92,93,502 0 2,50,000
Textual information (83) Textual information (84) Refer to child
where gains (losses) are recognised, fair [See below] [See below] member
comprehensive income where gains (losses) are [See below] [See below] member
Refer to child
Nature of other assets Security deposits paid Security deposits paid
member

[Member] [Member]
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
[Abstract]
[Line items]
Assets 2,50,000 2,50,000 2,50,000 2,50,000
Nature of other assets Refer to child member Investment Investment
fair value measurement, assets (87) [See below] (88) [See below]
[Abstract]
or loss, fair value measurement, 0 0 0
assets
0 0 0
measurement, assets
Assets at end of period 2,50,000 2,50,000 2,50,000 2,50,000
(89) [See below] (90) [See below]
Nature of other assets Refer to child member Investment Investment
235

Other assets 2
[Member]
Level 1 of fair
Levels of fair value hierarchy [Axis] value hierarchy All levels of fair value hierarchy [Member]
[Member]
01/01/2018 01/01/2017
31/12/2016 to to 31/12/2016
31/12/2018 31/12/2017
[Abstract]
[Line items]
Assets 2,50,000 2,17,591 13,97,183.75 0
Description of valuation techniques used in
fair value measurement, assets
[Abstract]
or loss, fair value measurement, -11,79,592.75 13,97,183.75
assets
-11,79,592.75 13,97,183.75
measurement, assets
Assets at end of period 2,50,000 2,17,591 13,97,183.75 0
236

Other assets 4
[Member]
All levels of fair
Levels of fair value hierarchy [Axis] Level 1 of fair value hierarchy [Member] value hierarchy
[Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
[Abstract]
[Line items]
Assets 2,17,591 13,97,183.75 0 24,26,92,024.72
Refer to child
Nature of other assets Non current bank balance Non current bank balance
member
Description of valuation techniques used in Textual information (93) Textual information (94) Refer to child
fair value measurement, assets [See below] [See below] member
[Abstract]
or loss, fair value measurement, -11,79,592.75 13,97,183.75 23,38,41,929.73
assets
-11,79,592.75 13,97,183.75 23,38,41,929.73
measurement, assets
Assets at end of period 2,17,591 13,97,183.75 0 24,26,92,024.72
where gains (losses) are recognised, fair [See below] [See below] member
comprehensive income where gains (losses) are [See below] [See below] member
Refer to child
Nature of other assets Non current bank balance Non current bank balance
member
237

[Member] [Member]
01/01/2017 01/01/2018 01/01/2017
to 31/12/2016 to to
31/12/2017 31/12/2018 31/12/2017
[Abstract]
[Line items]
Assets 88,50,094.99 0 24,26,92,024.72 88,50,094.99
Nature of other assets Refer to child member Forward Contracts Forward Contracts
(net) (net)
fair value measurement, assets (99) [See below] (100) [See below]
[Abstract]
or loss, fair value measurement, 88,50,094.99 23,38,41,929.73 88,50,094.99
assets
88,50,094.99 23,38,41,929.73 88,50,094.99
measurement, assets
Assets at end of period 88,50,094.99 0 24,26,92,024.72 88,50,094.99
Nature of other assets Refer to child member Forward Contracts Forward Contracts
(net) (net)

Recurring fair
value
Measurement [Axis]
measurement
[Member]
Other assets 4
Classes of assets [Axis]
[Member]
Level 1 of fair
Levels of fair value hierarchy [Axis] value hierarchy
[Member]
31/12/2016
Disclosure of fair value measurement of assets [Abstract]
Disclosure of fair value measurement of assets [Line items]
Assets 0
Reconciliation of changes in fair value measurement, assets [Abstract]
Assets at end of period 0

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of fair value measurement [TextBlock]
Disclosure of fair value measurement of assets [TextBlock]
Whether assets have been measured at fair value Yes Yes
Disclosure of fair value measurement of liabilities [TextBlock]
Whether liabilities have been measured at fair value Yes Yes
Disclosure of fair value measurement of equity [TextBlock]
Whether equity have been measured at fair value Yes Yes
Disclosure of significant unobservable inputs used in fair value
measurement of assets [TextBlock]
Disclosure of significant unobservable inputs used in fair value
measurement of liabilities [TextBlock]
238
Description of valuation techniques used in fair value measurement, liabilities

When the fair values of financial assets and financial liabilities recorded in the balance sheet cannot be measured based on quoted prices in
active markets, their fair value is measured using valuation techniques including the DCF model. The inputs to these models are taken from
observable markets where possible, but where this is not feasible, a degree of judgement is required in establishing fair values. Judgements
include considerations of inputs such as liquidity risk, credit risk and volatility. Changes in assumptions about these factors could affect the
reported fair value of financial instruments.

The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or
liability, assuming that market participants act in their economic best interest.


Description of line items in profit or loss where gains (losses) are recognised, fair value measurement, liabilities
The security deposits (paid/received) are evaluated by the company based on parameters such as interest rate, risk factors , risk
characteristics, and individual credit worthiness of the counterparty. Based on this evaluation allowances are taken into account for the
expected losses of the security deposits.
Description of line items in profit or loss where gains (losses) are recognised, fair value measurement, liabilities
Description of line items in other comprehensive income where gains (losses) are recognised, fair value
239
Description of valuation techniques used in fair value measurement, assets


Description of line items in profit or loss where gains (losses) are recognised, fair value measurement, assets
The management assessed that cash and cash equivalents, short-term borrowings, Interest accrued but not due, trade receivables, trade
payables and payable for capital goods approximate their carrying amounts largely due to the short-term maturities of these instruments.
The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current
transaction between willing parties, other than in a forced or liquidation sale.
measurement, assets
measurement, assets
240


measurement, assets
measurement, assets

241

measurement, assets
measurement, assets


242
measurement, assets
measurement, assets
[613300] Notes - Operating segments

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of entity's operating segments [TextBlock]
Disclosure of reportable segments [TextBlock]
Whether there are any reportable segments No No
Disclosure of major customers [TextBlock]
Whether there are any major customers No No
[610700] Notes - Business combinations

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of business combinations [TextBlock]
Whether there is any business combination No No
Disclosure of reconciliation of changes in goodwill [TextBlock]
Whether there is any goodwill arising out of business combination No No
Disclosure of acquired receivables [TextBlock]
Whether there are any acquired receivables from business combination No No
Disclosure of contingent liabilities in business combination [TextBlock]
Whether there are any contingent liabilities in business combination No No
243
[611500] Notes - Interests in other entities
Disclosure of associates [Table] ..(1)

Associates [Axis] 1
01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of associates [Abstract]
Disclosure of associates [Line items]
Yamaha Motor Solutions Yamaha Motor Solutions
Name of associate entity (India) Private Limited (India) Private Limited
Country of incorporation of associate INDIA INDIA
CIN of associate entity U72900DL2002PTC116738 U72900DL2002PTC116738
Proportion of ownership interest in associate 25.00% 25.00%
Proportion of voting rights held in associate 25.00% 25.00%

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of interests in other entities [TextBlock]
Disclosure of interests in subsidiaries [TextBlock]
Disclosure of subsidiaries [TextBlock]
Whether company has subsidiary companies No No
Whether company has subsidiary companies which are yet to commence
No No
operations
Whether company has subsidiary companies liquidated or sold during
No No
year
Disclosure of interests in associates [TextBlock]
Disclosure of associates [TextBlock]
Whether company has invested in associates Yes Yes
Whether company has associates which are yet to commence operations No No
Whether company has associates liquidated or sold during year No No
Disclosure of interests in joint arrangements [TextBlock]
Disclosure of joint ventures [TextBlock]
Whether company has invested in joint ventures No No
Whether company has joint ventures which are yet to commence
No No
operations
Whether company has joint ventures liquidated or sold during year No No
Disclosure of interests in unconsolidated structured entities [TextBlock]
Disclosure of unconsolidated structured entities [TextBlock]
Whether there are unconsolidated structured entities No No
Disclosure of investment entities [TextBlock]
Disclosure of information about unconsolidated subsidiaries [TextBlock]
Whether there are unconsolidated subsidiaries No No
Disclosure of information about unconsolidated structured entities
controlled by investment entity [TextBlock]
Whether there are unconsolidated structured entities controlled by
No No
investment entity
244
[611400] Notes - Separate financial statements
Disclosure of associates [Table] ..(1)

Associates [Axis] 1
01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of associates [Abstract]
Disclosure of associates [Line items]
Yamaha Motor Solutions Yamaha Motor Solutions
Name of associate entity (India) Private Limited (India) Private Limited
CIN of associate entity U72900DL2002PTC116738 U72900DL2002PTC116738
Country of incorporation of associate INDIA INDIA
Proportion of ownership interest in associate 25.00% 25.00%
Proportion of voting rights held in associate 25.00% 25.00%

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of separate financial statements [TextBlock]
Disclosure of associates [TextBlock]
Method used to account for investments in associates NA NA
[610800] Notes - Related party
Disclosure of transactions between related parties [Table] ..(1)

Entities with joint control or significant
Categories of related parties [Axis] Parent [Member]
influence over entity [Member]
Related party [Axis] 1 2
01/01/2018 01/01/2017 01/01/2018 01/01/2017
to to to to
31/12/2018 31/12/2017 31/12/2018 31/12/2017
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Yamaha Motor Co. Yamaha Motor Co.
Name of related party Ltd., Japan Ltd.
Mitsui & Co. Ltd. Mitsui & Co. Ltd.

JAPAN JAPAN JAPAN
related party
Income Tax on Income Tax on
Description of nature of transactions with Textual information Textual information Expatriates Salary, Expatriates Salary,
related party (105) [See below] (106) [See below] Reimbursement of Reimbursement of
expenses (net) expenses (net)
Enterprise with
Enterprise with
Description of nature of related party significant
Holding Company Holding Company significant influence
relationship influence over the
over the Company
Company
Related party transactions [Abstract]
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 -173.49 0 -0.07
Amounts receivable related party transactions 0 92 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction
245

Categories of related parties [Axis] Entities with joint control or significant influence over entity [Member]
Related party [Axis] 3 4 5 6
01/01/2018 01/01/2018 01/01/2018 01/01/2018
to to to to
31/12/2018 31/12/2018 31/12/2018 31/12/2018
parties
[Abstract]
Yamaha Motor Research
Yamaha Motor Yamaha Motor India Yamaha Motor India Sales
Name of related party Asia Pte Ltd. Private Limited Private Limited
and Development India
Private Limited
INDIA INDIA INDIA
related party
CIN of related party U74900DL1995PTC073540 U50300DL2005PTC139501 U73100DL2013FTC248429
Sale of Goods
and Services,
Description of nature of transactions with Purchase of Raw Legal and Professional Legal and Professional Legal and Professional
Charges, Reimbursement of Charges, Reimbursement of
related party Material and Charges
Expenses (Net) Expenses (Net)
Spares and
Traded Goods
Description of nature of related party Fellow
Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
relationship Subsidiary
0 0 0 0
Amounts payable related party
0 0 0 0
transactions
Amounts receivable related party
0 0 0 0
transactions
Outstanding commitments made by
entity, 0 0 0 0
Outstanding commitments made on
behalf 0 0 0 0
transaction
transaction
246

01/01/2018 01/01/2018 01/01/2018 01/01/2018
to to to to
31/12/2018 31/12/2018 31/12/2018 31/12/2018
[Abstract]
Yamaha Motor
Yamaha Motor Asia Yamaha Motor S u n w a r d
Name of related party Pte Ltd.
Distribution Latin
Phillippines Inc. International Inc.
America
Sale of Goods and
Interest Expense,
Services, Purchase
Warranty Claims
of Raw material and
(Net), Computer
Spares, Purchase of
Description of nature of transactions with Repair and Sale of Goods and Sale of Goods and
Fixed Assets,
related party Maintenance Services Services
Technical Guidance
Charges,
Fee, Repair and
Reimbursement of
Maintenance
expenses (net)
Expenses
Description of nature of related party
relationship
0 0 0 0
Amounts payable related party transactions 0 0 0 0
0 0 0 0
0 0 0 0
transaction
transaction
247

01/01/2018 01/01/2018 01/01/2018 01/01/2018
to to to to
31/12/2018 31/12/2018 31/12/2018 31/12/2018
[Abstract]
CFAO Yamaha Yamaha Motor Do
Name of related party Distribution Indonesia Motor
Motor Nigeria Ltd. Brasil Ltd.
Singapore Pte. Ltd. Manufacturing
SINGAPORE INDONESIA
related party
Sale of Goods and
Sale of Goods and Services, Purchase
Services, Purchase of Raw material and
Description of nature of transactions with Sale of Goods and Sale of Goods and
of Raw material and Spares, Warranty
related party Services Services
spares, Warranty C l a i m ,
Claim Reimbursement of
Expenses
relationship
0 0 0 0
0 0 0 0
0 0 0 0
transaction
transaction
248

01/01/2018 01/01/2018 01/01/2018 01/01/2018
to to to to
31/12/2018 31/12/2018 31/12/2018 31/12/2018
[Abstract]
Incolomotors Yamaha Motor Solutions Yamaha Motor Yamaha Motor Electronics
Name of related party Yamaha (India) Private Limited (China) Co. Ltd. India Private Limited
INDIA CHINA INDIA
related party
CIN of related party U72900DL2002PTC116738 U35990TN2012FTC086567
Rental Income, Purchase of
Fixed Assets, Consultancy
Purchase of raw
Sale of Goods and Charges, Computer
Description of nature of transactions with material and Purchase of Raw material
Services, maintenance,
related party spares & traded and Spares
Warranty Claim Advertisement and Sales,
goods
Reimbursement of
Expenses
relationship
0 0 0 0
0 0 0 0
0 0 0 0
transaction
transaction
249

01/01/2018 01/01/2018 01/01/2018 01/01/2018
to to to to
31/12/2018 31/12/2018 31/12/2018 31/12/2018
[Abstract]
PT. Yamaha Motor Yamaha Motor
Yamaha Motor Sichuan Huachuan
Name of related party Taiwan Trading
Electronics
Yamaha Motor Parts
Electronics
Indonesia (Thailand) Co. Ltd.
TAIWAN,
PROVINCE OF INDONESIA THAILAND
related party CHINA
Description of nature of transactions with Purchase of Raw Purchase of Raw Purchase of Raw Purchase of Raw
related party material and Spares material and Spares material and Spares material and Spares
relationship
0 0 0 0
0 0 0 0
0 0 0 0
transaction
transaction
250

01/01/2018 01/01/2018 01/01/2018 01/01/2018
to to to to
31/12/2018 31/12/2018 31/12/2018 31/12/2018
[Abstract]
P.T. Yamaha Motor
Yamaha Motor Yamaha Motor Yamaha Motor
Name of related party Australia Vietnam Co. Ltd. Europe N.V.
Parts Manufacturing
Indonesia
INDONESIA
related party
Training and
Description of nature of transactions with Advertisement and C o u r s e s ,
Warranty Claim Warranty Claim
related party Sales Reimbursement of
Expenses
relationship
0 0 0 0
0 0 0 0
0 0 0 0
transaction
transaction
251

Entities with joint control or
Categories of related parties [Axis] significant influence over entity Subsidiaries [Member]
[Member]
01/01/2018 01/01/2018 01/01/2017 01/01/2017
to to to to
31/12/2018 31/12/2018 31/12/2017 31/12/2017
[Abstract]
Yamaha Motor
CFAO Yamaha Yamaha Motor Yamaha Motor India
Name of related party Asian Centre Co.
Motor Nigeria Ltd. Asia Pte Ltd. Private Limited
Ltd
NIGERIA SINGAPORE INDIA
related party
CIN of related party U74900DL1995PTC073540
Sale of Goods and
Services, Purchase Legal and Professional
Description of nature of transactions with Reimbursement of Advance received
of Raw Material Charges, Reimbursement of
related party Expenses from debtors
and Spares and Expenses (Net)
Traded Goods
relationship
0 0 0 0
Amounts payable related party transactions 0 0 0 -267.5
0 0 0 0
0 0 0 0
transaction
transaction
252

Categories of related parties [Axis] Subsidiaries [Member]
01/01/2017 01/01/2017 01/01/2017 01/01/2017
to to to to
31/12/2017 31/12/2017 31/12/2017 31/12/2017
parties
[Abstract]
Yamaha Motor Research
Yamaha Motor India Sales Yamaha Motor Solutions Yamaha Motor
Name of related party Private Limited (India) Private Limited
and Development India
Asia Pte Ltd.
Private Limited
INDIA INDIA INDIA SINGAPORE
related party
CIN of related party U50300DL2005PTC139501 U72900DL2002PTC116738 U73100DL2013FTC248429
Interest Expense,
Legal and Professional Warranty Claims
Charges, Rental Income, (Net), Computer
Purchase of fixed assets, Repair and
Description of nature of transactions with Legal and Professional License Fee, Computer Legal and Professional Maintenance
Charges, Reimbursement of Maintenance Charges, Charges, Reimbursement of C h a r g e s ,
related party Expenses (Net) Advertisement and Sales Expenses (Net) Reimbursement of
Promotion Charges, expenses (net),
Reimbursement of Advance
Expenses Received from
Debtors
relationship
0 0 0 0
Amounts payable related party
-56.03 -1.81 -4.57 -14.16
transactions
Amounts receivable related party
0 0 0 0
transactions
Outstanding commitments made by
entity, 0 0 0 0
Outstanding commitments made on
behalf 0 0 0 0
transaction
0 0 0 0
and doubtful debts for related party
transaction
253

01/01/2017 01/01/2017 01/01/2017 01/01/2017
to to to to
31/12/2017 31/12/2017 31/12/2017 31/12/2017
[Abstract]
Yamaha Motor
Yamaha Motor Yamaha Travel Yamaha Motor
Name of related party Distribution Latin
(China) Co. Ltd. Service Co. Philippines Inc.
America
UNITED STATES CHINA JAPAN JAPAN
related party
Sale of Goods and Purchase of raw Advertisement and
Description of nature of transactions with Sale of Goods and
Services, Warranty material and spares Sales Promotion
related party Services
Claims (Net) & traded goods Charges
relationship
0 0 0 0
Amounts payable related party transactions -0.01 -1.99 0 0
Amounts receivable related party transactions 0 0 0 2.16
0 0 0 0
0 0 0 0
transaction
transaction
254

01/01/2017 01/01/2017 01/01/2017 01/01/2017
to to to to
31/12/2017 31/12/2017 31/12/2017 31/12/2017
[Abstract]
Sunward Yamaha Motor Do
Name of related party International Inc.
Distribution Indonesia Motor
Brasil Ltd.
Singapore Pte. Ltd Manufacturing
JAPAN SINGAPORE INDONESIA BRAZIL
related party
Sale of Goods and
Services, Purchase
Sale of Goods and
of Raw material and
Description of nature of transactions with Sale of Goods and Services, Amount Sale of Goods and
Spares, Purchase of
related party Services received from Services
Fixed Assets,
debtors
Reimbursement of
Expenses
relationship
0 0 0 0
Amounts payable related party transactions -0.67 -0.88 -0.51 0
Amounts receivable related party transactions 0 0.06 0 0.13
0 0 0 0
0 0 0 0
transaction
transaction
255

01/01/2017 01/01/2017 01/01/2017 01/01/2017
to to to to
31/12/2017 31/12/2017 31/12/2017 31/12/2017
[Abstract]
Yamaha Motor
Inclomotors Yamaha Motor Yamaha Motor Electronics
Name of related party Yamaha
Distribution
Electronics Co. Ltd India Private Limited
Singapore Pte. Ltd
COLOMBIA SINGAPORE JAPAN INDIA
related party
CIN of related party U35990TN2012FTC086567
Sale of Goods and
Description of nature of transactions with Purchase of Raw Purchase of Raw Purchase of Raw material
Services, Warranty
related party material and spares material and Spares and Spares
Claim
relationship
0 0 0 0
Amounts payable related party transactions 0 0 0 -6.34
Amounts receivable related party transactions 2.02 0 0 0
0 0 0 0
0 0 0 0
transaction
transaction
256

Key management personnel of entity or
parent [Member]
01/01/2017 01/01/2017 01/01/2017 01/01/2017
to to to to
31/12/2017 31/12/2017 31/12/2017 31/12/2017
[Abstract]
PT. Yamaha
Yamaha Motor
Name of related party Indonesia Motor
Taiwan Trading
Takashi Terabayashi Hitoshi Inagaki
Manufacturing
TAIWAN,
INDONESIA PROVINCE OF JAPAN JAPAN
related party CHINA
Description of nature of transactions with Purchase of Raw Purchase of Raw
Remuneration Remuneration
related party material and Spares material and Spares
Description of nature of related party Key Managerial Key Managerial
Fellow Subsidiary Fellow Subsidiary
relationship Personnel Personnel
0 0 0 0
Amounts payable related party transactions 0 -0.79 0 0
0 0 0 0
0 0 0 0
transaction
transaction

Categories of related parties [Axis] Key management personnel of entity or parent [Member]
Related party [Axis] 25 26 27
01/01/2017 01/01/2017 01/01/2017
to to to
31/12/2017 31/12/2017 31/12/2017
Disclosure of transactions between related parties [Abstract]
Disclosure of transactions between related parties [Line items]
Name of related party Noriyuki Moriyama Riuji Kawashima Tatsuo Hirase
Country of incorporation or residence of related party JAPAN JAPAN JAPAN
Description of nature of transactions with related party Remuneration Remuneration Remuneration
Key Managerial Key Managerial Key Managerial
Description of nature of related party relationship Personnel Personnel Personnel
Other related party transactions contribution received 0 0 0
Outstanding balances for related party transactions [Abstract]
Amounts payable related party transactions 0 0 0
Amounts receivable related party transactions 0 0 0
Outstanding commitments made by entity, related party
0 0 0
transactions
Outstanding commitments made on behalf of entity, related
0 0 0
party transactions
Provisions for doubtful debts related to outstanding balances
0 0 0
of related party transaction
Expense recognised during period for bad and doubtful debts
0 0 0
for related party transaction
257

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Textual information
Disclosure of related party [TextBlock] (107) [See below]
Whether there are any related party transactions during year Yes Yes
Disclosure of transactions between related parties [TextBlock]
Whether entity applies exemption in Ind AS 24.25 No No
Description of nature of transactions with related party

Maintenance Charges, Warranty Claim (Net), Advertisement and Sales Promotion Charges, Training and Courses, EHS Expense,
Reimbursement of Expenses (Net), Advance Received from Debtors
Description of nature of transactions with related party

Maintenance Charges, Warranty Claim (Net), Advertisement and Sales Promotion Charges, Reimbursement of Expenses (Net), Advance
Received from Debtors
258
Disclosure of related party [Text Block]

Related party disclosures
Names of related parties and related party

relationship
(a) Related parties where control exists
(i) Holding company Yamaha Motor Company, Japan (YMC)
Related parties with whom transactions have taken place during

(b)
the year
(i) Enterprise with significant influence over the Company : Mitsui & Company Limited, Japan
(ii) Fellow subsidiaries : Yamaha Motor Asia Pte Ltd. (YMAP)

Yamaha Motor Taiwan Trading (YMTT)
Sunward International, Japan (SUNWARD)
Yamaha Motor India Sales Pvt. Ltd. (YMIS)
Yamaha Motor Solution India Pvt. Ltd.
(YMSIL)
Yamaha Motor Research & Development
India Pvt. Ltd. (YMRI)
Yamaha Motor Distribution Singapore Pte
Ltd. (YDS)
Yamaha Motor India Pvt. Ltd. (YMI)
Yamaha Motor Europe N.V (YMENV)
Yamaha Motor Commercial Trading
(Shanghai) Co., Ltd. (YMCT)
PT. Yamaha Indonesia Motor
Manufacturing (YIMM)
Yamaha Motor Philippines Inc. (YMPH)
Yamaha Motor Electronics Co., Ltd.
(YEJP)
Yamaha Motor Electronics India Pvt. Ltd.
Yamaha Motor Asian Center Co., Ltd.
(YMAC)
Yamaha Motor Australia Pty. Ltd. (YMA)
Yamaha Motor Distribution Latin America
Inc. (YDLA)
Thai Yamaha Motor Co. Ltd.
Yamaha Motor Racing S.r.l, Italy
Yamaha Travel Service Co. Ltd, Japan
Yamaha Motor Hydraulic System Co. Ltd.,
Japan
Yamaha Vietnam Co. Ltd.
Yamaha Motor Do Brasil Ltda
Incolomotos Yamaha
Pt.Yamaha Motor Electronics Indonesia
Sichuan Huachuan Yamaha Motor Parts
Yamaha Motor Electronics(Thailand)Co.Ltd
P.T.Yamaha Motor Parts Manufacturing
Indonesia
Yamaha Motor Vietnam Co.,Ltd.
Riuji Kawashima (Resigned on

(iii) Key managerial personnel :
24.10.2018)
Hiroaki Fujita (Resigned on 24.01.2018)
259
Hiroyuki Seto (Resigned on 21.02.2018)

Takashi Terabayashi (Resigned on
09.04.2018)
Tatsuo Hirase (appointed on July 22,
2017)
Motofumi Shitara (Appointed on
24.01.2018)
Toru Yamaguchi (Appointed on
01.07.2017)
Yasutaka Suzuki (Appointed on
09.04.2018)
Yukihiko Tada (Appointed on 07.05.2018)
During the year

the company
has entered
into transaction
with following
related parties:
Enterprise
Key
with
managerial
Holding significant Fellow
Particulars personnel Total
Company influence Subsidiaries*
and
over the
relatives
Company
Yamaha Motor
Mitsui & Co.
Company,
Ltd.
Japan
31.12.2018 31.12.2017 31.12.2018 31.12.2017 31.12.2018 31.12.2017 31.12.2018 31.12.2017 31.12.2018 31.12.2017
Sales
1,056.89 793.14 - - 467.85 369.99 - - 1,524.75
Rental Income
- - - - 0.22 0.22 - - 0.22
Purchase of
raw material
13.16 15.36 - - 446.91 373.92 - - 460.07
and spares
Purchase of
fixed assets 19.35 77.96 - - 6.44 4.69 - - 25.79
Royalty
119.25 111.28 - - - - - - 119.25
Technical
Know-how 180.90 33.38 - - - - - - 180.90
Income Tax on
Expatriates
- - 2.61 1.38 - - - - 2.61
Salary
Consultancy
Charges - - - - 181.20 185.43 - - 181.20
Interest
13.75 0.93 - - 4.52 5.37 - - 18.27
Technical
0.92
Guidance Fee 1.60 - - 0.10 - - - 1.02
Guarantee Fee 1.77

1.98 - - - - - - 1.77
Design &
Development 0.63 0.58 - - - 0.00 - - 0.63
Computer
6.30
Maintenance 8.24 - - 2.40 1.23 - - 8.70
Warranty claim
1.10
(Net) 1.21 - - 0.99 1.33 - - 2.09
Tender &
Licence Fee - - - - - 0.27 - - -
Advertisement&
260
Sales 0.92
Promotion 0.45 - - 2.30 2.15 3.23
Repair &
Maintenance 0.00
- - - 0.07 - - - 0.07
Expense
EHS Expense 0.02

- - - - - 0.02
Training &
0.86
Courses 0.80 - - 0.00 0.86
Reimbursement
of Expenses 15.69
18.38 1.26 (0.42) (0.37) (7.84) - - 16.58
(net)
Director
5.38
Remuneration - - - - - - 5.14 5.38
Amounts
Receivable -
54.56
Debtor/ Other 92.00 0.38 - 50.79 6.28 - - 105.73
receivables
Advance
received from
(30.73) (37.35) - - (0.01) (220.21) - - (30.74)
Debtors
Amounts
Payable –
Creditors
including
-0.07
Royalty (230.10) (173.49) - (86.80) (81.91) - - (316.90)
(Royalty
Payable+YMC
Payable)
Sales
consideration
- - - - (273.32) (273.32) - - (273.32)
payable
*Transactions
with fellow
subsidiaries are
presented in
the following
table:
Yamaha
Yamaha Yamaha
Yamaha Motor
Motor Motor
Particulars Motor Asia Distribution Others
India Pvt. India Sales
PTE Ltd. Latin
Ltd. Pvt. Ltd.
America
31.12.2018 31.12.2017 31.12.2018 31.12.2017 31.12.2018 31.12.2017 31.12.2018 31.12.2017 31.12.2018 31.12.2017
Sales
- - - - 410.15 320.74 11.39 9.56 46.31 39.69
Rental Income
- - - - - - - - 0.22 0.22
Purchase of
raw material
- - - - 213.17 178.50 - - 233.74 195.42
and spares
Purchase of
fixed assets - - - - - - - - 6.44 4.69
Consultancy
36.82
Charges 31.27 103.65 114.05 - - - - 40.73 40.11
Interest
- - - - 4.52 5.37 - - - -
Technical
Guidance Fee - - - - - - - - 0.10 -
Warranty claim
(Net) - - - - 0.91 1.30 - 0.01 0.08 0.02
Licence Fee
- - - - - - - - - 0.27
Design &
261
Development - - - - - - - - - 0.00
Computer
Maintenance - - - - 0.60 0.58 - - 1.80 0.66
Advertisement&
Sales
- - - - - - - - 2.30 2.15
Promotion
Repair &
Maintenance
- - - - - - - - 0.07 -
Expense
EHS Expense
- - - - - - - - - -
Training &
Courses - - - - - - - - 0.00 -
Reimbursement
of Expenses
0.00 (3.54) (0.39) (0.80) 0.10 0.22 - - (0.08) (3.72)
(net)
Amounts
Receivable -
Debtor/ Other - - - - 46.40 - 0.22 1.91 4.17 4.38
receivables
Advance
received From
- - - - - (220.38) - - (0.01) 0.17
Debtors
Amounts
Payable –
(17.21) (9.52) (22.10) (40.68) (22.26) (14.16) - (0.01) (25.23) (17.54)
Creditors
Sales
consideration
(257.98) (257.98) (15.35) (15.35) - - - - - -
payable
[611700] Notes - Other provisions, contingent liabilities and contingent assets
Disclosure of other provisions [Table] ..(1)

Provision for
decommissioning
Classes of other provisions [Axis] Warranty provision [Member] restoration and
rehabilitation costs
[Member]
01/01/2018 01/01/2017 01/01/2018
to to 31/12/2016 to
31/12/2018 31/12/2017 31/12/2018
Disclosure of other provisions [Abstract]
Disclosure of other provisions [Line items]
Reconciliation of changes in other provisions
[Abstract]
Changes in other provisions [Abstract]
Other increase decrease in other
10.18 10.18 0.06
provisions
Total changes in other provisions 10.18 10.18 0.06
Other provisions at end of period 25.03 14.85 14.85 1.12
262
Disclosure of other provisions [Table] ..(2)

Classes of other provisions [Axis] restoration and rehabilitation costs
[Member]
01/01/2017
to 31/12/2016
31/12/2017
Disclosure of other provisions [Abstract]
Disclosure of other provisions [Line items]
Reconciliation of changes in other provisions [Abstract]
Changes in other provisions [Abstract]
Other increase decrease in other provisions 0.06
Total changes in other provisions 0.06
Other provisions at end of period 1.06 1.06

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of other provisions, contingent liabilities and contingent assets
[TextBlock]
Disclosure of other provisions [TextBlock]
Disclosure of contingent liabilities [TextBlock]
Whether there are any contingent liabilities No No
[700200] Notes - Corporate social responsibility

01/01/2018
to
31/12/2018
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
No
company
[610500] Notes - Events after reporting period

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of events after reporting period [TextBlock]
Disclosure of non-adjusting events after reporting period [TextBlock]
Whether there are non adjusting events after reporting period No No
[612500] Notes - Share-based payment arrangements

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of share-based payment arrangements [TextBlock]
Whether there are any share based payment arrangement No No
263
[613000] Notes - Earnings per share

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Textual information
Disclosure of earnings per share [TextBlock] (108) [See below]
Profit (loss), attributable to ordinary equity holders of parent entity
[Abstract]
Profit (loss), attributable to ordinary equity holders of parent entity 0 0
Profit (loss), attributable to ordinary equity holders of parent
0 0
entity including dilutive effects
Weighted average shares and adjusted weighted average shares [Abstract]
Weighted average number of ordinary shares outstanding [shares] 0 [shares] 0
Disclosure of earnings per share [Text Block]
Earnings per share (EPS)

For the year
For the year ended
ended
December 31,
2018
Rs. Rs.
The following reflects the profit/(loss) and share data used in the basic and diluted
EPS computations:
Net profit/(loss) for calculation of basic and diluted EPS 230222979.90 93253198.75
Weighted average number of equity shares in calculating basic and diluted EPS 1313713516.00
1,31,37,13,516.00
Basic and diluted earnings per share (in Rupees) 0.18 0.07
[610900] Notes - First time adoption

01/01/2018 01/01/2017
to to
31/12/2018 31/12/2017
Disclosure of first-time adoption [TextBlock]
Whether company has adopted Ind AS first time No No
264

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India Yamaha Motor Private Limited

Standalone Financial Statements for period 01/01/2018 to 31/12/2018

[700300] Disclosure of general information about company

Disclosure of principal product or services [Table] ..(1)

[700600] Disclosures - Directors report

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(2)

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(3)

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(4)

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(5)

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(6)

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(7)

Details of directors signing board report [Table] ..(1)

Unless otherwise specified, all monetary values are in INR

Disclosure of contents of corporate social responsibility policy Textual information (21)

Textual information (1)

Description of nature of material contracts/arrangements/transactions with related party

Textual information (2)

Disclosure in board of directors report explanatory [Text Block]

For the year ended December

Revenue from operations 5,802.14 5,601.13

Other income 229.86 81.45

Profit/ (Loss) before tax

Provision for taxation

Profit/ (Loss) for the year

Profit/(Loss) available for appropriation

Balance carried to Balance Sheet

4. DIRECTORS AND KEY MANAGERIAL PERSONNEL

6. DETAILS OF BOARD MEETINGS HELD DURING THE YEAR

7. DIRECTORS’ RESPONSIBILITY STATEMENT

9. LOANS, GUARANTEES AND INVESTMENTS BY COMPANY

10. RELATED PARTY TRANSACTIONS

11. TRANSFER TO RESERVES

13. BUY BACK OF SHARES

14. MATERIAL CHANGES AND COMMITMENTS

16. ORDERS PASSED BY THE REGULATORS OR COURTS

17. INTERNAL FINANCIAL CONTROLS

18. CORPORATE SOCIAL RESPONSIBILITY (CSR)

1. Mr. Riuji Kawashima – Chairman of the Committee & Director;

19. MANAGERIAL REMUNERATION

Designation Managing Director Director Director Director Director

Nature of Management of the Management of the Management of Management of Management of the

Last Yamaha Motor

20. EXTRACT OF ANNUAL RETURN

21. DISCLOSURE ON RISK MANAGEMENT

22. SUBSIDIARY, JOINT VENTURE AND ASSOCIATE COMPANY

Revenue from operations 5,802.14 5,601.13

Other income 229.86 80.99

TOTAL 6,032.00 5,682.12

Profit/ (Loss) before tax 12.27 (24.63)

Provision for taxation

Add: Investor’s share of profit in

Profit/ (Loss) for the year

Profit/(Loss) available for appropriation (253.79) (263.43)

Balance carried to Balance Sheet (253.79) (263.43)

For and on behalf of the Board of Directors

c) ENERGY SAVING PROPOSAL FOR 2018

Ø Installation of Welding Gas savers.

B. ENVIRONMENT, HEALTH & SAFETY

[Pursuant to section 92(3) of

c) Bodies Corp. 1,31,37,13,516 100% 100%

(ii) Shareholding of Promoters

1 Yamaha Motor Co. Ltd. 84.915% Nil 84.915% Nil Nil

3 Mitsui & Co. Ltd. 15.00% Nil 15% Nil Nil