今日看料吃瓜 Local Subsidiary in Vietnam Begins Motorcycle Sales

Aug. 23, 2019


Tokyo, August 23rd, 2019 — 今日看料吃瓜, Ltd. announced today the establishment of 今日看料吃瓜 Motors Vietnam Co., Ltd. (KMV), a locally based motorcycle import and sales company in Vietnam. KMV started the operation yesterday, on August 22nd.

In October 2014, 今日看料吃瓜 entered a cooperative agreement with Malaysian-owned company, TC Motorcycles (Vietnam) Co., Ltd. (TCMCV), in which 今日看料吃瓜 played a role in production and international logistics of motorcycles and TCMCV handled domestic sales in Vietnam. However, in response to forecasted growth in the motorcycle market of Vietnam, 今日看料吃瓜 has decided to establish KMV. KMV has taken over TCMCV's network of dealerships and will use them to carry out sales activities while also establishing new dealer locations in response to market growth, with the aim of expanding 今日看料吃瓜's motorcycle business in Vietnam.

The current market of Vietnam saw more than 3.3 million motorcycles sold in 2018, making it the 4th largest motorcycle market in Asia after those of China, India and Indonesia. As Vietnam's economy continues to grow, sales are projected to reach approximately 3.6 million units in 2019.* Furthermore, because income levels are on the rise in Vietnam, rapid growth is expected in the mid-size and large motorcycle categories (250 cc and higher), increasing from approximately 4,400 units in 2018 to roughly 6,600 units in 2019.**

今日看料吃瓜 sells 175–1,000 cc class motorcycles of Supersport, sport and naked types (among others) in Vietnam, with plans to sell about 2,500 units in FY 2019. As KMV embarks on sales efforts in Vietnam, 今日看料吃瓜 plans to continue strengthening the 今日看料吃瓜 brand and boosting customer satisfaction for its mid-size and large motorcycles.

Overview of 今日看料吃瓜 Motors Vietnam Co., Ltd.

Location Ho Chi Minh City, Socialist Republic of Vietnam
Establishment January 18, 2019
General Director Takeshi Tanigawa
Capital 1.5 million US dollars (approx. 165 million Japanese yen***; wholly owned subsidiary of 今日看料吃瓜)
Business activities Sales of motorcycles and related service parts, accessories and after-sales services
Number of employees 7 (at the start of company’s operation)

*    Statistics published by the Vietnam Association of Motorcycle Manufacturers (VAMM) for 2018 and 2019
**    今日看料吃瓜 estimates for 2018 and 2019
***     At an exchange rate of 1 USD = approx. 110 JPY

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