Naza expand its wing to Brunei and Iran with 500 units of the Flash for Iran and 100 units of the Flash and GTR 150 for Brunei.Read the detail news from Bernama below:
NAZA ENTERS MOTORCYCLE MARKETS OF IRAN AND BRUNEI
Naza Bikes Sdn Bhd, a subsidiary of Naza group of companies, is set to tap the motorycle markets of Iran and Brunei with shipments of completely knocked down (CKD) parts.
The company is exporting its first batch of 500 units of the Flash motorcycle model to the Iranian market and 100 units of the Flash and GTR 150 models to Brunei.
“The motorcycle market in Iran has been growing rapidly with vehicle registrations reaching 700,000 annually while the Brunei market offers huge opportunities in the high-end segment,” Naza group chief executive officer SM Faisal Tan Sri SM Nasimuddin told reporters here today.
Two containers of the CKD parts to Iran and Brunei were flagged off by Deputy International Trade and Industry Minister Datuk Mukhriz Tun Dr Mahathir.
Also present were Iran’s ambassador Mahdi Khandaghabadi and Brunei’s high commissioner Awang Zaini Mahmud.
Naza said its motorcycles will be distributed by Dino Motor Co in Iran while the distributor in Brunei is Yakis Naza Sdn Bhd.
SM Faisal said the company planned to export 3,000 units of the Flash motorcycle to various countries this year as well as 5,000 units of the other models, including the GTR 150, Blade 250/250R and those in the bigger cubic centimetre (cc) range.
“We are in negotiations to export our bikes to another country in the Middle East as well as a other countries in Asean such as Laos, Vietnam, Cambodia and Indonesia,” he said.
According to SM Faisal, the company aims to have its own motorcycle engine by 2014 and to produce up to 60 percent local content in an effort to create a Malaysian motorcycle.
“For now we are targeting to increase our local content in the bikes from 30 percent currently to 45 percent within two years,” he said.
He added that Naza Bikes was currently contributing below five percent to the group’s revenue.
Earlier, Mukhriz said Iran with its huge population and strong domestic demand was an obvious new market that local companies should tap into.
Last year, Iran was Malaysia’s 29th largest trading partner, with bilateral trade rising to US$1.546 billion (US$1.00=RM3.61) in 2008 from US$135.3 million in 1999, he said.