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

  • Temi tourism project approved by the CDC

    The $500.4 million Tourism, Ecological, Marine and International (Temi) tourism project has been approved by the Council for the Development of Cambodia (CDC), according to a notice on its Facebook page on Monday. The project is part of Chinese-owned Union City Development Group Co Ltd’s (

  • Rainsy will return at ‘favourable time’

    Opposition figure Sam Rainsy on Saturday suggested he would not return to Cambodia as he had previously promised, saying that like liberators King Father Norodom Sihanouk and Charles de Gaulle, he would only do so at a “favourable time”. “I will go back to Cambodia

  • US Embassy urged to stop ‘disrespecting sovereignty’

    The Ministry of Foreign Affairs and International Cooperation called on the US Embassy in Phnom Penh on Saturday to respect the Vienna Convention on Diplomatic Relations after it called former opposition leader Kem Sokha “an innocent man” – a move deemed to be “disrespecting Cambodia’s

  • NagaWorld casino sees net profit of more than $390M last year

    Phnom Penh’s NagaWorld casino posted a 53 per cent net profit increase last year at $390.6 million, a sum which is almost equal to the combined net profit of all Cambodian commercial banks in 2017. NagaWorld’s parent company, NagaCorp Ltd, is listed on the Hong Kong