Malaysian motos to enter market

Naza Bikes Sdn Bhd, a subsidiary of Malaysia-based Naza Group of Companies, will enter Cambodia’s crowded motorbike sector, according to the local brand manager. “[Business] will probably be launched on the first of next month,” Hay Chamreoun, the manager, said yesterday, adding that construction for the showroom in Tuol Kork district started six months ago and is 90 per cent complete. According to Chamreoun, three types of bikes will be sold in the Phnom Penh outlet: a 125cc for $1,700, a 250cc for $5,000 and a 650cc for $7,000. … Cambodian imports of motorbikes reached 264,085 units, valued at a total $139 million, in the first 11 months of 2012, data from the Ministry of Economy and Finance show. The figure represents a 55 per cent jump from 170,380 units worth $86.5 million in the same period the year before. Besides automobiles and motorbikes, Naza Group is affiliated with several other areas of investment, including property development, hospitality, food and beverages, finance and insurance, manufacturing, and agriculture.

http://www.phnompenhpost.com/business/malaysian-motos-enter-market