Luxury player MGC-Asia lifts earnings 15%
MASTER Group Corporation (Asia) Co Ltd (MGC-Asia) boosted 2018 earnings by |15 per cent from the previous year to more than Bt25 billion.
Dr Sanhavuth Thamchuanviriya, chief executive officer of MGC-Asia, said at a press conference that the company, which is the official importer of luxury brands including Rolls-Royce, Aston Martin and Maserati, along with running several other businesses, said the group’s new car sales increased 20 per cent last year while its after-sales business expanded 9 per cent. He said the group's insurance business grew 30 per cent.
MGC-Asia also expanded the SIXT and Master Car Rental business last year, opening the 20th Asean branch in Luang Prabang. SIXT currently has 12 branches in Thailand, six in Malaysia and two in Laos.
“In 2019, we plan to invest Bt250 million in Bangkok and major cities around the country,” Sanhavuth said. “This is for the expansion of Millennium Auto Group's BMW showroom and after-sales service centre in Ladprao, and for the BMW Premium Selection and BMW Motorrad showroom and service centre, plus the BMW Service Factory Outlet (SFO) in Rama 4. There are also plans to open a BMW Service Outlet Only (SOO) in Surat Thani and eight more MMS Bosch outlets nationwide."
The company recently opened six new sales outlets for six brands under its umbrella (Rolls-Royce, Maserati, Azimuth Yachts, BMW, BMW Motorrad and MINI) at Icon Siam. Sanhavuth said the company is moving towards 5.0 digital technology and plans to make investments in digital marketing automation to serve its 500,000-strong customer database.
“In the future, we want to invest in modern businesses such as car sharing, autonomous vehicles as well as charging stations for electric vehicles,” he added.
