Auto distributor Tasco to begin assembling
In this article (5)
Tasco, a distributor for 14 auto brands, plans to branch into car assembling, and will launch its first products next year.
At the annual general meeting last week, its management told shareholders about the plan without disclosing what brand or brands it plans to assemble.
A person familiar with the matter told VnExpress that Tasco’s plan “might not necessarily be to assemble passenger cars.”
Pham Van Dung, chairman of subsidiary Tasco Auto, said the company wants to work with a global top 10 auto producer.
The partner is already selling “successfully” in Vietnam, he said.
The products would be sold not only in Vietnam but also in markets with which it has free trade agreements, he said.
Tasco Auto used to be Savico Holdings until its acquisition by Tasco in 2022.
It has 84 dealerships nationwide that distribute Toyota, Ford, Honda, Mitsubishi, Volvo and other vehicles.
Questions & Answers
Q.Which specific car brands will Tasco be assembling?
Which specific car brands will Tasco be assembling?
The article states Tasco's management did not disclose which specific brand or brands it plans to assemble. However, a person familiar with the matter indicated these might not necessarily be passenger cars.
Q.When is Tasco planning to launch its first assembled products?
When is Tasco planning to launch its first assembled products?
Tasco plans to launch its first products next year. This information was shared with shareholders at the annual general meeting held last week, indicating a relatively quick turnaround for the new venture.
Q.Who will Tasco be partnering with for its car assembly operations?
Who will Tasco be partnering with for its car assembly operations?
Tasco Auto's chairman, Pham Van Dung, stated the company aims to work with a global top 10 auto producer. This partner is already successfully selling its products within the Vietnamese market.
Q.What is the intended market for Tasco's new assembled vehicles?
What is the intended market for Tasco's new assembled vehicles?
The assembled products will be sold within Vietnam and also exported to markets with which Vietnam has free trade agreements. This strategy aims to broaden the company's reach beyond its domestic sales.
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