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Scania Launches New Financial Services to Support Growing Logistics and Transportation Sector in Malaysia

Nova Haulage Services Sdn Bhd — the first in Malaysia to utilize Scania financing package to acquire four P380 prime movers

MALAYSIA, 18 February 2013 – Scania CV A.B., a leading manufacturer of heavy trucks, buses and coaches, marine, industrial and power generation engines, today announced that it is now offering financial services to its customers in Malaysia. Offered through Scania Credit (Malaysia) Sdn Bhd, a fully owned subsidiary of Scania CV A.B., Scania financial services is a flexible and comprehensive financial solutions package which provides diversified financial services such as hire purchase and leasing for acquisition of trucks, buses and other related products to qualified Scania customers. .

With the inclusion and support of financial services, Scania Malaysia’s range of products and services are now poised to offer Malaysian haulage and logistics companies’ total solutions for best profitability. Scania customers can now look forward to an attractive alternative in financing options other than commercial banking facilities to help in their future fleet expansion with a one stop centre at Scania. These include tailored packaged solutions which affords flexibility with good support within the global Scania network.

Local container haulage company Nova Haulage Services Sdn Bhd became the first company in Malaysia to be offered Scania credit facilities to purchase four Scania P380LA 6X2 MSZ prime movers to renew its fleet. Besides financial services, Nova Haulage also signed up for Scania’s comprehensive Repair & Maintenance contract which comprises regular preventive maintenance and 24/7 road side assistance.

“Sound and comprehensive financial support can make all the difference to business planning. At Scania Credit Malaysia, we’re dedicated to providing flexible solutions that result in predictable costs and manageable risks over the entire life cycle of our customers’ vehicles,” said Ferike Pasthy, Regional Director of Asia, Scania Credit (Malaysia) Sdn Bhd during an official truck handover ceremony at Scania Malaysia’s regional headquarters in Bukit Jelutong, Shah Alam.

“With the launch of Scania Credit Malaysia, Scania in Malaysia is taking a big step in offering total solutions to local customers. This enables us to secure a competitive advantage in the market as Scania in Malaysia is amongst the first in the country to offer ‘in-house’ financial solutions,” added Ferike. 

“Scania’s total solutions which now include financing services have made it easy for us to undertake fleet renewal and expansion. We find application and processing at Scania Credit Malaysia fast, efficient and most importantly, at a competitive rate. We will certainly consider the service again for our future expansion which includes not just prime movers but also trailers and other components,” said SivaKumar, managing director of Nova Haulage.

According to Ferike, Malaysia is one of the leading markets for Scania financial services in Asia since its inception in October 2012. While the financial services are available for all companies across various industries, Scania intends to target the services to small and medium enterprises. He projects that up to 30 to 40% of Scania Malaysia’s annual sales can be potentially financed via Scania Credit Malaysia in the coming year.