Toyota Tsusho Corporation, Aisin Seiki Co. Ltd. and DENSO Corporation will jointly open a wholly owned store in Cambodia that will offer automotive repair and maintenance services, as well as sell related automotive components.
The wholly owned store will start operations in February 2014 with the brand name of “PIT & GO.” The company name for the wholly owned store will be PIT&GO Automotive Service (Cambodia) Co., Ltd. It will be located in Phnom Penh and will be 51 percent owned by Denso, 39 percent owned by Toyota Cambodia Co. Ltd., and 10 percent owned by Aisin Asia Pte. Ltd.
As the motor vehicle demand in emerging markets, such as Asia and Africa are rapidly increasing, there is a growing need for repair, maintenance and other after-sales services for new and used vehicles.
To expand its regional service network, PIT&GO will identify qualified stores and designate them as PIT&GO-certified, as well as help them improve their repair skills and store management.
Toyota Tsusho Corporation, headquartered in Nagoya, Aichi prefecture, Japan, is a general trading company that develops businesses with customers around the world through a global network encompassing Japan and more than 60 other countries and more than 900 consolidated Group companies. Its operations span seven fields headed by seven product divisions. Each division leverages its specialized strengths in their particular field while also pursuing synergies with other divisions to create new value. Consolidated global sales for the fiscal year ending March 31, 2013, totaled US$67 billion.
AISIN SEIKI Co., Ltd., headquartered in Kariya city, Aichi prefecture, Japan, is a globalized automotive parts and system supplier. As a central hub of 179 subsidiaries and affiliated companies, AISIN SEIKI Co., Ltd. manufactures and supplies drivetrain, brake, chassis, body, engine, and information technology products to the world's major carmakers. In addition, the company has applied its experience in the automotive industry to non-automotive industries such as life, energy, and wellness. The AISIN Group has reinforced local & worldwide production, consolidating global sales for the fiscal year ending March 31, 2013, totaling US$30.4 billion.
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world's major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 130,000 people. Consolidated global sales for the fiscal year ending March 31, 2013, totaled US$38.1 billion.
Subscribe to Aftermarket Business World and receive articles like this every month….absolutely free. Click here.
