Local car maintenance and repair service company Motech Automotive has formed a strategic partnership with Autobacs Seven, a Japanese retailer of automotive parts and accessories. The said partnership was formally announced at the Wack-Wack Golf and Country Club in Mandaluyong City.
Present during the event was Motech Automotive President Eugene Sergio Naguiat, Autobacs Seven Director and Senior Managing Executive Officer Teruyuki Matsumura and Francorp Philippines CEO Bing Sibal-Limjoco.
Motech Automotive says the partnership with Autobacs Seven is expected to develop a high quality global brand that aims to elevate the standards of service and parts to a level that is at par with Japanese standards.
In addition, the partnership was signed following the recent developments in ASEAN integration, with the goal of opening 500 Motech centers in the region.
“The combination of the two brands is geared to meet the various demands of consumers across the different segments of automotive after-warranty market of the different ASEAN countries. Our vision and goal is to open 500 Motech centers in the ASEAN and become the leading automotive service center in the region,” said Motech Automotive President Naguiat.
Moreover, Motech Automotive intends to establish local training centers in the future.
Francorp Philippines CEO Sibal-Limjoco said during the press con that Motech Automotive and Autobacs Seven’s strategic partnership is perfect timing due to the opportunities in the Philippine automotive sector.
According to her, the local automotive industry grew 26-percent last year with around 300,000 units sold, 10-percent of car sales in the ASEAN region. Furthermore, commercial vehicle sales grew 33-percent, while passenger vehicles increased by 87-percent from year 2012 to 2014.