Logo of Phnom Penh Post newspaper Phnom Penh Post - Nissan dealers will work together

Nissan dealers will work together

Nissan dealers will work together

THE Malaysian firm set to be Nissan’s sole distributor in Cambodia is willing to work with Phnom Penh’s original and sole dealer, Narita Motorcare Cambodia, a spokeswoman for the company said Thursday.

Nissan Motor Co Ltd last week announced it would give Tan Chong Motor Holdings Berhad (TCMH) sole and exclusive rights to distribute Nissan, but the company “will work with Narita Motorcare and other parties to meet our business objectives”, the spokeswoman, Alice Wong, wrote in an email.

The expansion of Tan Chong’s alliance with Nissan in the Cambodian market “provides strategic benefit to spread our Nissan business outside of Malaysia to tap into [an] emerging market”, Wong added.

Tan Chong has been the franchise holder for Nissan vehicles in Malaysia and Singapore since 1957. The company will replace as distributor the Danish Kjaer Group, which typically provided vehicles to the aid and development sectors and withdrew from Cambodia in 2009.

News of the deal pushed Tan Chong’s share price to a two-month high on the Malaysian stock exchange March 12, when it traded at US$1.031 per share, but by Thursday its price had fallen back to US$0.998.

The company, which established a local subsidiary, Tan Chong Motor (Cambodia) Pty Ltd, in May 2009 announced via the Web site of Bursa Malaysia last Thursday it would put US$5 million into Cambodian operations in the first five years, including setting up showrooms, with an initial sales target of 200 units per year.

Long Narith, managing director of Narita, told the Post this week that Tan Chong had agreed to allow him to be the sole Nissan dealer, but he was unsure how the $5 million investment would affect his operations.

“We’ll wait and see because so far, everything is normal,” he said. “We’re still the only dealer in Cambodia.”

MOST VIEWED

  • Two luxury hotels latest quarantine options for inbound travellers

    The Inter-Ministerial Committee to Combat Covid-19 has designated two luxury hotels as alternative quarantine options for travellers who wish to enter Cambodia through Phnom Penh International Airport – Sokha Phnom Penh Hotel & Residence and the Courtyard by Marriott Phnom Penh. In a notice detailing guidelines issued

  • Visa A holders get to quarantine at Himawari Hotel

    The Ministry of Health has permitted foreign diplomats, UN and International NGO officials to undergo quarantine at Himawari Hotel in the capital in case they do not have a separate place suitable for this purpose, but the government would not be responsible for the expenses.

  • Baby saved as mother is lost to Covid

    Newborn baby Neth David has had a rough start in the world. His mother, Vong Daneth, was seven months pregnant when she contracted a severe case of Covid-19. When it became clear to her doctors that she would not survive, they performed a cesarean section

  • Jabs for kids bring hope for school reopenings

    Cambodia is tentatively planning to reopen schools – at least at the secondary level – when the vaccination of children aged 12-17 is completed, even though daily transmissions and deaths in other age groups remain high. Schools across the country have been suspended since March 20, one month

  • Governor: Covid subsides in capital

    Phnom Penh municipal governor Khuong Sreng said the Covid-19 situation in the capital’s 14 districts has eased, with only two districts still recording a high number of infections. “Transmission cases in all districts are dropping, though they are relatively higher Meanchey and Por Sen Chey.

  • Hun Sen: Get 12-17 age group ready for Covid jabs

    Prime Minister Hun Sen has told parents of children aged 12-17 in Phnom Penh and the provinces of Kandal and Preah Sihanouk to get them ready for vaccinations soon. “There is a need to vaccinate children and youths aged 12 to 17. According to the statistics provided