Kuala Lumpur, Malaysia
Frost & Sullivan, a global growth consulting company hosted its inaugural ASEAN Automotive Awards in Kuala Lumpur on Thursday, 28 June 2007.
The Awards seek to recognize best practices and outstanding performance by automotive companies in South East Asia.
The awards banquet was officiated by Yang Berhormat Dato' Seri Rafidah Aziz, Minister of International Trade & Industry, Malaysia.
Frost & Sullivan honors and recognizes companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development.
Mr. Kavan Mukhtyar, Partner and Head of the Automotive & Transportation Practice, Asia Pacific at Frost & Sullivan said the award recipients for the Frost & Sullivan 2007 ASEAN Automotive Awards were identified based on an in-depth research conducted by Frost & Sullivan's analysts.
He also says that automotive companies must learn from these industry best practices to remain competitive in today's increasingly challenging marketplace.
"The recipients of the Frost & Sullivan 2007 ASEAN Automotive Awards clearly demonstrated outstanding leadership in their own market segments. A common factor among these companies was an unwavering focus on a 'customer centric growth strategy' in an extremely challenging environment in 2006," he says.
"Successful automotive companies nurture and proactively manage a distinct portfolio of brands targeting customers at various price points," he observes, adding that they understand the value of creating and keeping the brand promise.
Mr. Mukhtyar also says that an efficient distribution network is a must to deliver a satisfied customer.
The short-listed companies for the Frost & Sullivan 2007 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.
Malaysia External Trade Development Corporation (Matrade), Malaysian Automotive Association (MAA) and Singapore Precision Engineering & Tools Association (SPETA) are the supporting organizations for the event.
APL Logistics and Elecom Marketing Pte Ltd are the sponsors for the event. Media partners include Autocar Asean, Business Today, ASEAN Autobiz, Auto Focus Asia, Autobild Indonesia and Otomotif.
Saluting ASEAN's best
Frost & Sullivan congratulates all the outstanding recipients of the Frost & Sullivan 2007 ASEAN Automotive Awards.
Frost & Sullivan 2007 ASEAN Automotive Awards:
BEST MODEL:
-- Best Model of the Year (Indonesia) : PT Toyota Astra Motor for Toyota Avanza
-- Best Model of the Year (Malaysia) : Perodua for Perodua Myvi
-- Best Model of the Year (Singapore) : Borneo Motors (S) Pte Ltd for Toyota Corolla Altis
-- Best Model of the Year (Thailand) : Honda Automobile Thailand Co Ltd for Honda Civic
SAFETY SYSTEMS:
-- Best Safety Features in Mid-Car Segment (Malaysia) : UMW Toyota Motor Sdn Bhd for Toyota Corolla Altis 1.8 G (A)
-- Best Safety Features in Mid-Car Segment (Singapore) : Borneo Motors (S) Pte Ltd for Toyota Corolla Altis 1.6 Sedan VVT-I (A)
-- Best Safety Features in Pick-Up Segment (Thailand) : Auto Alliance (Thailand) Co Ltd for Mazda BT 50 Freestyle Cab 4 x 2 2.5 Com V High
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) : Toyota Motor Thailand Co Ltd
AUTOMOTIVE COMPONENT:
-- Automotive Component Manufacturer of the Year (Indonesia) : PT Astra Otoparts
-- Automotive Component Manufacturer of the Year (Malaysia) : Ingress Corporation Bhd
-- Automotive Component Manufacturer of the Year (Singapore) : Armstrong Industrial Corp Ltd
-- Automotive Component Manufacturer of the Year (Thailand) : Somboon Advance Technology Public Co Ltd
AUTOMOTIVE DISTRIBUTION:
-- Automotive Distributor of the Year (Indonesia) : PT Toyota Astra Motor
-- Automotive Distributor of the Year (Malaysia) : Naza Kia Sdn Bhd
-- Automotive Distributor of the Year (Thailand) : Tri Petch Isuzu Sales Co Ltd
AUTOMOTIVE FINANCE:
-- Automotive Finance Company of the Year (Indonesia) : Astra Credit Companies
-- Automotive Finance Company of the Year (Malaysia) : Public Bank Bhd
-- Automotive Finance Company of the Year (Thailand) : Thanachart Bank Public Co Ltd
NAVIGATION SYSTEMS:
-- Business Development Strategy for Navigation Market (Malaysia) : Automotive Synergy Sdn Bhd
-- Business Development Strategy for Navigation (Singapore) : Elecom Marketing Pte Ltd
-- Business Development Strategy for Navigation (Thailand) : ESRI (Thailand) Co Ltd
ASEAN:
-- Automotive Company of the Year (ASEAN) : Toyota
About Frost & Sullivan:
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community, by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com
Source: Frost & Sullivan (Business Wire India)