Malaysia’s top car company enters Myanmar
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.
[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...
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.
