Malaysia’s top car company enters Myanmar

Yangon auto salon
Impressions from the Yangon Auto Salon

Tan Chong Motors Holdings Bhd’s (TCMH), Malaysia’s biggest car distributor, has won the exclusive rights to sell Nissan’s completely built-up (CBU) vehicles in Myanmar, Bernama has reported.

Under the agreement, TCMH’s wholly owned subsidiary ETCM (MM) Pte Ltd will also have the rights to appoint any party as its dealers for sales and after-sales services.

Nissan has slated sales to begin in the third quarter of 2013, with sales volume of about 300 units per year.

Myanmar is far from TCMH’s first foray in ASEAN frontier markets. In 2010, the group successfully acquired 74 per cent in Nissan Vietnam. Two months later, a wholly owned subsidiary was established in Laos to begin the assembly, sale and distribution of motorcycles.

In June, TCMH built a $40 million plant in Da Nang that has the capacity to assemble up to 6,500 cars annually.

At the top of 2013, TCMH indicated it might build a car-manufacturing and distributorship business in Mindanao, the Philippines’ second largest island.



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[caption id="attachment_13428" align="alignleft" width="240"] Impressions from the Yangon Auto Salon[/caption] Tan Chong Motors Holdings Bhd's (TCMH), Malaysia’s biggest car distributor, has won the exclusive rights to sell Nissan’s completely built-up (CBU) vehicles in Myanmar, Bernama has reported. Under the agreement, TCMH's wholly owned subsidiary ETCM (MM) Pte Ltd will also have the rights to appoint any party as its dealers for sales and after-sales services. Nissan has slated sales to begin in the third quarter of 2013, with sales volume of about 300 units per year. Myanmar is far from TCMH’s first foray in ASEAN frontier markets. In 2010, the...

Yangon auto salon
Impressions from the Yangon Auto Salon

Tan Chong Motors Holdings Bhd’s (TCMH), Malaysia’s biggest car distributor, has won the exclusive rights to sell Nissan’s completely built-up (CBU) vehicles in Myanmar, Bernama has reported.

Under the agreement, TCMH’s wholly owned subsidiary ETCM (MM) Pte Ltd will also have the rights to appoint any party as its dealers for sales and after-sales services.

Nissan has slated sales to begin in the third quarter of 2013, with sales volume of about 300 units per year.

Myanmar is far from TCMH’s first foray in ASEAN frontier markets. In 2010, the group successfully acquired 74 per cent in Nissan Vietnam. Two months later, a wholly owned subsidiary was established in Laos to begin the assembly, sale and distribution of motorcycles.

In June, TCMH built a $40 million plant in Da Nang that has the capacity to assemble up to 6,500 cars annually.

At the top of 2013, TCMH indicated it might build a car-manufacturing and distributorship business in Mindanao, the Philippines’ second largest island.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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