DRB-HICOM to sign up more motor vehicle firms

  • Business
  • Friday, 25 Aug 2006

SHAH ALAM: DRB-Hicom Bhd subsidiary HICOM Teleservices Sdn Bhd expects an additional 12 to 15 motor companies to sign up for its Integrated Electronic Vehicle Communication System (Speks) by year-end, chief executive officer Tengku Abdul Aziz Tengku Ibrahim said. 

The company would play an active role, along with the Road Transport Department (RTD), to encourage firms to use Speks, he said, adding that some of the companies were small and did not have the financial resources to set up their own systems to link with the RTD. 

“We want to help these companies comply with the RTD’s regulations before year-end,” Aziz told a media briefing yesterday. 

Speks is an integrated online registration system that links the RTD, Customs Department and motor vehicle vendors. The system lets dealers and distributors of locally assembled vehicles to electronically register vehicles and pay excise duty. 

Aziz said the company had spent RM800,000 to develop Speks, used by more than 400 branches and dealers within the DRB-Hicom group of companies nationwide. 

DRB-HICOM expects more firms to sign up for its Intergrated Electronic Vehicle Communication System.

So far, 10 motor vehicle companies – including Ford Malaysia Sdn Bhd, Isuzu Malaysia Sdn Bhd, Land Rover Malaysia Sdn Bhd and Volvo Cars Sdn Bhd – have subscribed to Speks. Speks was tested in November 2005 and was subsequently linked with RTD’s vehicle identification number (NIK) system in December. 

Under NIK, data such as engine and chassis numbers, and the make, model and year of manufacture of the assembled vehicles are sent electronically to the RTD system. 

When these vehicles are bought, the branch or dealer would key in the buyers' details into the system, request to pay the necessary excise duties electronically and submit the information for registration. 

With Malaysia registering between 400,000 and 500,000 vehicles annually, the Government hopes the initiative will speed up the registration process while reducing fraud and data entry errors. 

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