Kawasaki Sets Up Motorcycle Import, Sales Unit in Vietnam
Tokyo, Aug. 26 (Jiji Press)--Kawasaki Heavy Industries Ltd. <7012> has recently announced the establishment of wholly owned subsidiary Kawasaki Motors Vietnam Co. and launch of motorcycle import and sales at the company.
The Ho Chi Minh City-based unit, with capital of 1.5 million U.S. dollars, is seen playing a key role in meeting growing demand for large-size and luxury motorcycles in Vietnam, with income levels on the rise in the country.
The company had a workforce of seven at the start of operations. Kawasaki Heavy is likely to increase the number of workers while expanding the local sales network.
Sales of medium- and large-size motorcycles with engine displacements of 250 cc or higher in Vietnam is forecast to increase from about 4,400 units in 2018 to some 6,600 in 2019.
Until now, Kawasaki Heavy has been aligned with a Malaysian-owned company for motorcycle sales in Vietnam. The Vietnamese subsidiary has taken over the Malaysian company's dealership network to handle sales.
[Copyright The Jiji Press, Ltd.]