Naza aims to sell 3,600 units of new scooter

  • Business
  • Friday, 06 Apr 2007


The locally assembled GTR 150S is the product of the company's latest collaboration with Taiwan-based CPI Motor Co and marks a vote of confidence in Naza, said Tan Sri S.M. Nasimuddin S.M. Amin, the chairman and chief executive officer of Naza Group of Companies. 

Nasimuddin was speaking to reporters at the launch of the Naza version of the scooter yesterday. 

CPI Motor, the original manufacturer of the scooter, has given Naza the right to assemble and market it in Malaysia. 

As part of the deal, Naza will provide service and repair support for the older GTR 150S, which saw its marketer Johor-based Ritz Motor Corp making recalls. 

Naza Bikes deputy president Zulkifli S.M. Amin said: “Of the 335 units of the GTR 150S marketed by Ritz Motor, we have repaired 129 through our recall programme.'' 

According to the agreement with CPI Motor, the recall programme would end after the re-launch of the new version by Naza, he said. 

Tan Sri S.M. Nasimuddin S.M. Amin getting a feel of the GTR 150S

Naza Bikes has sold 14,354 motorcycles since it was formed in 2003. 

Current models of the company are Naza Symphony, Blitz, Prisma, Gemilang II, Cruise and Blade

On the Naza Group's bid to take a significant stake in national carmaker Proton Holdings Bhd, Nasimuddin said the company was open to taking a smaller stake. 

”It's up to the Government whether to give us a percentage of the shares,'' he said. “If the Government wants to give the whole 28%, we will take it. If the Government wants to give 15%, we also don't mind.” 

As to Naza's chances of getting a stake in Proton, he said Khazanah Nasional had yet to get back to the company since it made its proposal in early January. 

Naza has also been in talks with German carmaker Volkswagen AG and France's Peugeot Citroen PSA as possible partners for its Proton bid, Nasimuddin said. 


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