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    NAZA TARGET TO GET 6 % OF AUTO MARKET SHARE IN MALAYSIA THIS YEAR?

    Well, I think that this is some sort of “funny” news to me because I think they dont deserve to have more percentage as long as they still provided very bad service and customer care. Especially in automotive industry. Below are some news from bernama about their aims in automotive industry also in other Projects.

    NAZA TARGET TO GET 6 % OF AUTO MARKET SHARE IN MALAYSIA THIS YEAR?

    THE Naza Group aims to increase its market share of the local automotive industry by six per cent this year from three in 2008, by introducing competitive, affordable and quality models.

    At a press conference today on the company’s business direction for this year, group executive chairman and chief executive officer SM Nasarudin SM Nasimuddin said there were plans to enhance nationwide centres by 16 and becoming a customer-driven organisation.

    He added that the group would focus on customer satisfaction and at the same time explore untapped business opportunities.

    “We will also look closely at customer service indices to plan, revise and develop new service processes,” he said.
     
    According to SM Nasarudin, the group would also introduce several models under the Kia and Peugeot marques. The group sold about 20,000 vehicles last year.

    Meanwhile, on the property division under NAZA TTDI, the group managing director SM Faliq SM Nasimuddin said the outlook remained bright despite the economic slowdown.

    “The business strategy for this year is to focus on niche markets and high-end products while at the same time reviewing and planning development strategies,” he added.

    He said the focus, among others, would be on the development of the Bukit Indah project in Ampang, which is aimed at developing high-end homes.

    “We expect 60 per cent of the 136 units to be sold by this year,” he said.

    SM Faliq also said the project which had attracted interest from Singapore and Dubai, had an estimated gross development value (GDV) of over RM300 million.

    Naza TTDI now has a 447-acre landbank with a GDV of RM7.6 billion.

    In terms of growing its landbank, SM Faliq said the group had plans but was happy with the total owned at present as it would keep it busy for at least three to four years.

    NAZA TTDI’s book orders stand at RM1.8 billion with unbilled sales at RM1.5 billion. It registered RM239 million in turnover and RM86 million in net profit last year.

    Besides Bukit Indah, the other ongoing projects include the flagship Plantinum Park project, a RM3.5 billion integrated development in the vicinity of the Kuala Lumpur City Centre (KLCC).

    SM Faliq said the group planned to have one of the seven iconic towers in Platinum Park as the Naza headquarters.

    Platinum Park would be developed in five phases over the next eight years.

    The group sold the tallest 50-storey office tower block to the Federal Land Development Authority (Felda) for RM640.7 million.

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