Hong Leong Industries Berhad (“HLI”) unveils its latest venture, Tekhne Sdn Bhd (“TÉKHNĒ”) – marking a significant leap into the dynamic world of automotive spare parts. This new endeavour underscores HLI’s commitment to innovation, quality and customer satisfaction.
TÉKHNĒ enters the market with a comprehensive range of Original Equipment Manufacturer (OEM) and Replacement Equipment Manufacturer (REM) parts for both 2- and 4-wheelers, designed to meet the diverse needs of customers. Embracing the ethos of ‘Moving the Future’, TÉKHNĒ embodies an unwavering dedication to pioneering advancements in the automotive industry.
Professor Dato’ Dr. Jim Khor, Group Managing Director of HLI, expressed his pride and enthusiasm at the launch, stating, “Our journey into the automotive spare parts industry reflects not only our dedication to innovation and growth, but also our steadfast commitment to providing our customers with the highest standards of quality and reliability. With TÉKHNĒ, we embark on a path of boundless opportunities, aiming to pioneer advancements in technology and design while ensuring optimal vehicle performance and safety for the road ahead to success.”
The market for OEM and REM parts for both 2- and 4-wheelers in Malaysia is experiencing significant growth and is poised for further expansion, driven by factors such as growing vehicle sales, aftermarket service demand, and an increasing number of enterprises in the automotive products market. The value added in the Automotive Products market in Malaysia is projected to reach US$8.32 billion in 2024, with a compound annual growth rate (CAGR) of 5.71% expected from 2024 to 2028. In addition, the used car sales in Malaysia are steadily increasing, contributing to the growth of the automotive aftermarket service industry, which indicates a rising demand for replacement parts.
General Manager of TÉKHNĒ, Mr Chong Chee Kong emphasised, “At TÉKHNĒ, our commitment lies in providing a premium range of products tailored to meet the needs of our Malaysian customers. Through collaborations with esteemed partners, both locally and internationally, we ensure that our products uphold the highest standards of excellence and customer satisfaction. Looking ahead, we are poised to expand our footprint into the broader ASEAN region and subsequently tapping into global markets.”
TÉKHNĒ’s commitment to innovation is further underscored by its plans to venture into electric vehicle-related products, aligning with the industry’s shift towards sustainable mobility solutions. To foster innovation, TÉKHNĒ is poised to establish its own Research and Development (R&D) center, aiming to pioneer advancements in technology and design while upholding the highest standards of quality and reliability.
