Naza Premira Sdn Bhd, will cease distribution and operations for the Vespa brand effective 1st January 2020.
SM Nasarudin SM Nasimuddin, Group Executive Chairman & Group CEO of Naza Corporation Holdings Sdn Bhd said, “Since July, the Naza Group and Piaggio Group have been in mutual discussion with regards to the separation. We thank the Piaggio Group for our nine-year partnership and wish them all the best with their new partner,” Nasarudin concluded.
“We will continue to remain focused on strengthening our core business areas including the automotive manufacturing and distribution operations. With the business dynamics continuously evolving, we prioritise the high-performing core brands that we have. More importantly, we have to remain competitive and relevant in a market that is changing at breakneck speed given evolving consumer trends,” Nasarudin added.
Naza Premira will continue to serve Vespa customers at selected existing dealer points, offering customers’ continuity of vehicle service, parts, warranty and aftersales service in Malaysia until 31st December 2019.