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Suzuki Motor Corporation takes stake in Suzuki Malaysia Automobile
Suzuki Motor Corporation (SMC) has taken a step toward stronger automobile sales in Malaysia by acquiring an interest in the national distributor, Suzuki Malaysia Automobile Sdn. Bhd. (SMA).

SMA was established in December 2004 as a completely owned subsidiary of Malaysian conglomerate DRB-HICOM Bhd. to import and market Suzuki automobiles. It began selling Suzuki automobiles in Malaysia in May 2005 as an authorized distributor.

With a view to developing and promoting the sale of Suzuki automobiles in Malaysia, SMC, Itochu Corporation, and DRB-HICOM Bhd. have entered into a joint-venture agreement whereby SMC and Itochu Corporation have invested in SMA by purchasing new ordinary shares. SMC has invested 14 million ringgit (about ¥448 million) for a 40% stake in SMA. Itochu Corporation has acquired a 20% stake, and DRB-HICOM Bhd. has retained a 40% interest.

SMA sources Suzuki vehicles from Japan. It imports and sells the Swift on a complete-knockdown basis and the Grand Vitara and SX4 as complete built-up vehicles.

Suzuki Malaysia Automobile Sdn. Bhd. overview

Company name:

Suzuki Malaysia Automobile Sdn. Bhd.

Location:

Selangor, Malaysia

Capital:

35 million ringgit (about ¥1.12 billion)

Shareholders:

Suzuki Motor Corporation (40%); DRB-HICOM (40%); Itochu Corporation (20%)

Date of establishment:

December 2004

Models handled: 

Swift; Grand Vitara; SX4

Number of dealers:

30 within 2008 (planned total)

Sales volume:

About 8,000 units in 2008 (target)
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