SPA Motors Ltd.
May Enterprise Ltd. (SPA Motors) is involved in the Japanese-made car servicing business. This business has been consistent and stable over the years. An MOU between SPA Motors and Sumitomo Corporation was signed in July 2012, in the presence of Hino Motors Ltd., to set up the first Hino Service Station (HSS) in Myanmar. A temporary HSS is currently in operation at Hlaing Thar Yar, and plans are in place for a permanent service station to be launched soon.
Once the service station is in place, SPA motors will service Hino made vehicles in Myanmar. Hino has a storied reputation in Myanmar, as many of the pre-World War II era buses that ply Yangon’s streets were made by Hino.
New Holland- Convenience Prosperity Co., Ltd.
During 2011, SPA established Convenience Prosperity Co., Ltd for the import and sales and distribution of New Holland tractors and farm equipment implements. Since its establishment the entity is now establishing a network of sales and service centers in various parts of the country.
GCI- German Car Industries Ltd.
In 2013, Yoma Strategic Holdings Ltd. (“YSH”) and its subsidiary, German Car Industries Company Limited (“GCI”), entered into a service partner agreement with Volkswagen Aktiengesellschaft (“VW”) to provide servicing and genuine spare parts for all VW models in Myanmar. The operations of the Group’s first VW service center in Yangon commenced in October 2013.
Mitsubishi- Seven Golden Gates Co., Ltd.
Yoma Strategic Holdings through its subsidiary Seven Golden Gates Co., Ltd in cooperation with Mitsubishi Motors Corporation and Mitsubishi Corporation has led to the opening of a second After-Sales Centre in Mandalay. A soft introduction of Mitsubishi vehicles into Myanmar has begun to develop brand recognition and further efforts will be made in vehicle sales in FY2015. Additionally, a Joint Venture Agreement has been signed between the Group and Mitsubishi Corporation to provide sales support for Bridgestone tyres in Myanmar.
Hino-Summit SPA Motors Co., Ltd.
Yoma Strategic Holdings Ltd. (“YSH”) and its affiliate First Myanmar Investment Co., Ltd. (“FMI”) signed a joint venture agreement with Sumitomo Corporation to service and distribute Hino brand trucks and buses. Hino Motors, a Toyota Motor Corporation company, is the largest manufacturer of heavy- and medium-duty trucks in Japan5. The construction of a Hino 3S Service Centre has commenced in Yangon and is expected to be operational in September 2014.