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Scania Credit Introduces Insurance Motor Operations in Malaysia

Konsortium E-Mutiara Bhd is first Malaysian company to get Scania policy coverage

Pengkalan Chepa, Kota Bharu, 21 April, 2014 – Scania Credit (Malaysia) Sdn Bhd (SCMY), a fully owned subsidiary of Scania CV A.B., has signed on Konsortium E-Mutiara Bhd as the first customer for its new insurance service that is part of its proposition to offer tailored packaged financial solutions for the best profitability.

The introduction of the insurance service further enhances the range of products and services offered by Scania in Malaysia to provide total solutions for the best profitability for Malaysian express bus and truck operators.

SCMY commenced its motor insurance business in March 2014 and the first customer to sign up was Konsortium E-Mutiara Bhd, which bought a policy each for two of its K 410 EB 6x2 buses.

 “It makes perfect sense for Scania to offer insurance services because we speak the same language as our customers, understand the risks and challenges of running commercial vehicles and are able to recommend the right insurance cover for them to take their business even further,” said Scania Credit Malaysia’s Manager Milan Yang in Kota Bharu today.

“Through Scania Credit Malaysia we are able to offer a range of flexible and comprehensive financial solutions that offer local companies predictable costs and manageable risks over the entire life cycle of their vehicles. We also provide attractive financing packages for acquisition of Scania buses and trucks to qualified Scania customers, “added Yang.

The Kelantan based Konsortium E-Mutiara Bhd – which operates the ‘Express Mutiara’ express bus service that links the east coast to all main destinations within Peninsular Malaysia – uses only 30-seats for their single-deck buses and 48 seats for their double-deckers, to provide more room and comfort for their passengers

“We have been using Scania buses since 1997 and with Scania’s repair and maintenance contract, financing from Scania Credit and coverage from the insurance operations we are benefiting from its one-stop solution that will free us from all our operational problems” said Chairman of Konsortium E-Mutiara Bhd, Che Ibrahim Che Ismail.

“All these positive developments have contributed towards our progress and is in line with our expansion plans so Scania Credit, Malaysia is playing an important role in accelerating our growth,” added Che Ibrahim Che Ismail.

SCMY has been continuously developing new financing packages capturing the market since it was introduced in 2012. It offers its financial services for all companies across various industries, focusing on small and medium enterprises.

With insurance well in placed, SCMY look forward to assist their customer on all possibilities. SCMY projects that up to 40 per cent of Scania Malaysia’s annual sales can be potentially financed by it in 2014.

For further information about Scania’s financial services, trucks, buses, marine, industrial and power generation engines, kindly contact Scania Credit (Malaysia) Sdn Bhd at +603 7845 1000 or visit www.scania.com.my.