Published on August 30th, 2022 | by Subhash Nair0
EON And Petromin Team Up For Fast-Fit Vehicle Servicing In Malaysia
Petromin Express will be coming to Malaysia with EON soon for quick car servicing.
The aftersales services market is expanding in Malaysia and around the world. More and more customers are looking at these avenues for car servicing as their manufacturer warranty expires. Petromin Express of Saudi Arabia has formed a joint venture with DRB-HICOM’s EON to expand into this ‘fast-fit service’ industry in the Malaysian market. The automotive aftersales market in Malaysia generated RM42 billion in 2021 alone.
Petromin Express is already highly successful in Saudi Arabia. They will use their existing business model as a template for an 18-month pilot in Malaysia. Their aftersales services will be offered to all vehicles, but the primary target market is customers with vehicles aged between 5 and 10 years.
The joint-venture between Petromin and EON is split 51:49 between the two companies. The agreement was signed be EON’s CEO Akkbar Danial and Petromin’s Group CEO Kalyana Sivagnanam.
“We are indeed excited to partner with Petromin and expand our presence in the post warranty aftersales market, which will most definitely complement our existing OEM based aftersales businesses”, said Akkbar.
“Petromin actively seeks to collaborate with likeminded industry leaders around the globe and approaches its partnership with DRB-HICOM as a pivot to bringing expertise, networks, products and services to local markets. The possibilities are, therefore, endless,” said Kalyana.
DRB-HICOM Berhad (“DRB-HICOM”) is one of Malaysia’s leading conglomerates with core businesses in the Automotive, Aerospace & Defence, Banking, Postal, Services, and Property sectors. With 82 active companies in its stable and more than 46,000 employees’ group-wide, DRB-HICOM’s aim is to continue
adding value and propelling the nation’s development. In the Automotive sector, DRB-HICOM is involved in the manufacturing, assembly and distribution of passenger and commercial vehicles, including the national motorcycle. In Aerospace and Defence, DRB-HICOM is involved through its subsidiaries CTRM and DEFTECH, while it is represented in the postal segment through its subsidiaries Pos Malaysia, and banking through Bank Muamalat.
In the Services segment, DRB-HICOM is involved in various businesses, including concession, education, aviation and logistics and investment holdings whereas in Property, DRB- HICOM is involved in the development of industrial properties.
A proud subsidiary of Al-Dabbagh group,Petromin Corporation is a leading multi-national organization based in the Kingdom of Saudi Arabia. Petromin is synonymous to advanced lubricants, world class automotive products, multi-modal mobility and sustainable transportation solutions with an unmatched
reputation for the highest quality products and services in the industry today.
Petromin was established by a Royal decree of the Kingdom of Saudi Arabia in 1968 as a joint venture between Saudi Aramco and Exxon Mobil. Within a short span of time the company built a strong reputation for producing and distributing premium lubricants in the region and global markets. Today, with more than 5000 employees, Petromin exports its products and services to over 40 countries in the Middle East, Africa, and Asia.
Petromin seeks to explore, lead, innovate, and transform the mobility landscape through its extensive business portfolio comprising of 8 verticals, all dedicated to streamlining the automotive customer journey from buying a vehicle, maintaining it, selling it and finally upgrading it for future-proof rides.
Under the Petromin Corporation banner, National Motor Company serves as an authorized vehicle distributor bringing world-class brands to KSA; National Transportations Solutions Company provides stem-to-stern fleet management solutions through sustainable means; National fuel Company operates an extensive fuel station network with modern forecourts in the MENA region; Petrolube formulates premium lubricants and oils for commercial and industrial purposes; National Car Maintenance Company provides fast-fit and accessible after-sales services through an extensive network; National Auto Parts
Company provides genuine and certified aftermarket auto parts; National Used Car Company serves as a reliable online marketplace for used cars to connect buyers and sellers; and Electromin offers future ready e-mobility solutions coupled with a broad range of services.
Petromin’ s ambitions are unmatched, its desire unsatiated, and its resolve unwavering in the quest to lead industry segments bringing the products of tomorrow to the customers today.