This article first appeared in The Edge Financial Daily, on November 20, 2015.
KUALA LUMPUR: Tan Chong Motor Holdings Bhd, the sole distributor of Nissan motor vehicles in Malaysia, Singapore, Vietnam, Cambodia and Laos, has secured the exclusive rights to sell Nissan cars manufactured and/or assembled by its wholly-owned subsidiary Tan Chong Motor (Myanmar) Co Ltd (TCM Myanmar) in Myanmar.
Tan Chong will also provide after-sales services there.
In a filing with Bursa Malaysia yesterday, Tan Chong said TCM Myanmar has signed a distribution agreement with Japan’s Nissan Motor Co Ltd for the purpose. The distributorship appointment is for five years, subject to
renewal.
Under the deal, TCM Myanmar is also granted the rights to appoint any person as its dealer to sell and/or provide after-sales service.
“Distribution of the vehicles in Myanmar by Tan Chong Group is expected to commence in the second half of 2016,” said the group.
“The distribution of Nissan vehicles in Myanmar is able to draw upon synergies from Tan Chong Group’s ongoing Nissan vehicles distribution operations in Vietnam, Cambodia and Laos,” it added.