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Frost & Sullivan Honors South East Asias Best Companies in the Automotive Industry - Top industry players in the ASEAN automotive sector were honored at the 2008 Frost & Sullivan ASEAN Automotive Awards banquet yesterday
Frost & Sullivan Honors South East Asias Best Companies in the Automotive Industry

 

PRZOOM - /newswire/ - Kuala Lumpur, Malaysia, 2008/06/27 - Top industry players in the ASEAN automotive sector were honored at the 2008 Frost & Sullivan ASEAN Automotive Awards banquet yesterday.

   
 
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Mr. Kavan Mukhtyar, Partner & Head of the Automotive & Transportation Practice, Asia Pacific said that the Awards seek to recognize best practices and outstanding performance by companies in South East Asia's automotive market.

He added that the award recipients for the 2008 Frost & Sullivan ASEAN Automotive Awards were identified based on an in-depth research conducted by Frost & Sullivan's analysts. The award categories offered each year are carefully reviewed and evaluated to reflect the current market landscape and include new emerging trends.
"This year, we decided to introduce the Best Value-for-Money Model category, to recognize the car model with the lowest cost of ownership amidst rising oil prices worldwide," he said.

Mr. Mukhtyar also said that the unrelenting high oil prices globally will have an impact on new vehicle sales. "The mid-segment cars will be affected significantly and consumers will give greater importance to "total cost of ownership" when choosing a car. Factors that will matter the most include fuel efficiency, maintenance and spare parts cost," he added.

He said that Governments in South East Asia may need to review their automotive policies. "Policies to encourage development of alternate fuel based vehicles are the way forward. Natural gas, hybrid technologies, biofuels, electric vehicles are some of the options to reduce the dependence on petrol and diesel," he added.

Mr. Mukhtyar also said that consumers are also likely to shift their attention to compact cars from higher capacity cars. "Automakers' focus for the future will be to develop low cost cars and engines that are fuel efficient," he added.

"The recipients of the 2008 Frost & Sullivan ASEAN Automotive Award have clearly demonstrated outstanding leadership in their own market segments," he said.

The short-listed companies for the 2008 Frost & Sullivan ASEAN Automotive Awards are evaluated on a variety of actual market performance indicators which include revenue growth; market share and growth in market share; leadership in product innovation; marketing strategy and business development strategy.

T-Systems is the platinum sponsor for the awards while Malaysian Automotive Association is the supporting organization. Media partners include Business Today, Autocar Asean, Asean Autobiz, Auto Bild Indonesia and Otomotif.

Saluting ASEAN's best
Frost & Sullivan congratulates all the outstanding recipients of the 2008 Frost & Sullivan ASEAN Automotive Awards:

2008 Frost & Sullivan ASEAN Automotive Awards
Best Model of the Year (Indonesia) PT Nissan Motor Distributor Indonesia for Nissan Grand Livina
Best Model of the Year (Malaysia) Proton Holdings Bhd for Proton Persona
Best Model of the Year (Singapore) Jardine Cycle & Carriage Ltd for Mitsubishi Lancer 1.6L
Best Model of the Year (Thailand) Honda Automobile (Thailand) Co Ltd for Honda Civic 1.8L

AUTOMOTIVE COMPONENT
Emerging Automotive Component Manufacturer of the Year (Indonesia) PT Selamat Sempurna Tbk
Automotive Component Manufacturer of the Year (Malaysia) Hicom-Teck See Manufacturing Malaysia Sdn Bhd
Automotive Component Manufacturer of the Year (Singapore) Armstrong Industrial Corporation Ltd
Automotive Component Manufacturer of the Year (Thailand) Aapico Hitech Public Co Ltd

BEST VALUE-FOR-MONEY
Best Value-for-Money Model of the Year (Indonesia) PT Indomobil Niaga for Suzuki Karimun Estilo
Best Value-for-Money Model of the Year (Malaysia) Perusahaan Otomobil Kedua Sdn Bhd for Perodua Viva
Best Value-for-Money Model of the Year (Singapore) Kah Motor Co Sdn Bhd for Honda City 1.5L
Best Value-for-Money Model of the Year (Thailand) Toyota Motor Thailand Co Ltd for Toyota Vios 1.5L

PICK UP TRUCK
Best Pick-Up Truck of the Year (Thailand) Toyota Motor Thailand Co Ltd for Toyota Hilux Vigo Extra Cab 4x2
Best Value-For-Money Pick-Up Truck of the Year (Thailand) Mitsubishi Motors Thailand Co Ltd for Mitsubishi Triton Single Cab 2.5L

AUTOMOTIVE FINANCE
Automotive Finance Company of the Year (Indonesia) Astra Credit Companies
Automotive Finance Company of the Year (Malaysia) Ambank (M) Bhd
Automotive Finance Company of the Year (Thailand) K-Auto Finance (Kasikorn Leasing) Co Ltd

COMMERCIAL VEHICLES
Market Leadership for Commercial Vehicles (Indonesia) PT Krama Yudha Tiga Berlian Motors
Market Leadership for Commercial Vehicles (Malaysia) Automotive Corporation Malaysia Sdn Bhd
Market Leadership for Commercial Vehicles (Thailand) Hino Motors Thailand Ltd

AUTOMOTIVE DISTRIBUTION
Automotive Distributor of the Year (Indonesia) PT Toyota Astra Motor
Automotive Distributor of the Year (Thailand) Siam Nissan Automobile Co Ltd

MOTORCYCLE COMPANY
Motorcycle Manufacturer of the Year (Indonesia) PT Yamaha Indonesia Motor Manufacturing
Motorcycle Distributor of the Year (Malaysia) Boon Siew Sdn Bhd
Motorcycle Manufacturer of the Year (Thailand) A.P. Honda Co Ltd

NAVIGATION
Most Promising Car Navigation Software Company of the Year (Thailand) Able ITS Co Ltd

ASEAN
Automotive Company of the Year (ASEAN) Nissan Asia Pacific Pte Ltd

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.

 
 
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Frost & Sullivan Honors South East Asias Best Companies in the Automotive Industry

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