European truck market share to grow rapidly
KUALA LUMPUR: MAN Truck & Bus (M) Sdn Bhd (MAN Malaysia) expects the market share of European-made trucks in Malaysia to grow tremendously to 50 per cent in the next 10 years, from 25-30 per cent currently.
Managing director Hartmut Mueller said cost-efficiency strategy among buyers wodld be the driver to growth as the evolving transportation system in Malaysia, with the entire supply chain adapting to the rising ecommerce, would encourage them to buy more European products.
“I believe the market will grow quickly because more fleet are looking into good transport management, where they will not talk about the price anymore but solutions.
“As more customers reflect on their cost, thinking it is okay to buy trucks that are more expensive (for their investment) but providing cost efficiency on the operational side, then they will see that European brands provide the best solutions to that,” he said after a media briefing on his early retirement yesterday.
Mueller has opted to retire ahead of the expiry of his contract in August this year.
Pending the appointment of a replacement and to ensure a smooth transition, sales and marketing
I believe the market will grow quickly because more fleet are looking into good transport management, where they will not talk about the price anymore but solutions. Hartmut Mueller, MAN Truck & Bus managing director
general manager Jerome Wong and head of aftersales Thayalan Subramaniam will assume acting leadership roles in the company.
MAN Truck & Bus is one of Europe’s leading commercial vehicle manufacturers and transport solutions providers. The group produces 3,000 different basic trucks worldwide.
Domestically, MAN Malaysia focuses on roughly 10 models of trucks and five models of buses.
The company currently holds about 22 per cent market share of the European truck brands in the country, compared with 20 per cent as of end-2017. — Bernama