BMW drives into Myanmar

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bmw M6German car maker BMW has appointed a local partner organisation, Prestige Automobiles Co. Ltd., as its authorised importer of BMW automobiles in Myanmar, the company said in a press release obtained by Investvine.

Prestige Automobiles Co. Ltd. is a subsidiary of the Octagon International Services, a distributor of machinery and transportation equipment and is also responsible for providing aftersales service to these customers in Myanmar. The first BMW showroom in Yangon will be opened in 2014.

The expansion brings BMW Group Asia’s current portfolio up to 13 markets, with some of its key markets including Singapore, Vietnam, Philippines and Indonesia.

“The expansion decision comes as part of an ongoing growth strategy of BMW Group Asia to constantly expand our footprint in the East Asia region. This will help us effectively address the increasing demand for premium cars in this region,” said Neil Fiorentinos, Managing Director of BMW Group Asia.

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German car maker BMW has appointed a local partner organisation, Prestige Automobiles Co. Ltd., as its authorised importer of BMW automobiles in Myanmar, the company said in a press release obtained by Investvine. Prestige Automobiles Co. Ltd. is a subsidiary of the Octagon International Services, a distributor of machinery and transportation equipment and is also responsible for providing aftersales service to these customers in Myanmar. The first BMW showroom in Yangon will be opened in 2014. The expansion brings BMW Group Asia’s current portfolio up to 13 markets, with some of its key markets including Singapore, Vietnam, Philippines and Indonesia. “The...

bmw M6German car maker BMW has appointed a local partner organisation, Prestige Automobiles Co. Ltd., as its authorised importer of BMW automobiles in Myanmar, the company said in a press release obtained by Investvine.

Prestige Automobiles Co. Ltd. is a subsidiary of the Octagon International Services, a distributor of machinery and transportation equipment and is also responsible for providing aftersales service to these customers in Myanmar. The first BMW showroom in Yangon will be opened in 2014.

The expansion brings BMW Group Asia’s current portfolio up to 13 markets, with some of its key markets including Singapore, Vietnam, Philippines and Indonesia.

“The expansion decision comes as part of an ongoing growth strategy of BMW Group Asia to constantly expand our footprint in the East Asia region. This will help us effectively address the increasing demand for premium cars in this region,” said Neil Fiorentinos, Managing Director of BMW Group Asia.

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.

 

 

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