Vroom eyes expansion, local plantVroom Thailand, importer and distributor of Indian and European motorcycle brands, plans to expand its business by setting up a local factory to produce them here by 2023. "The company is conducting a feasibility study on local manufacture to serve growing demand in Thailand and Asean," Vroom chief operating officer Varot Kamolchotiros said yesterday. Though the pandemic has severely affected car and motorcycle markets, Mr Varot is optimistic the impact will be only temporary after the government has managed to contain the spread of the coronavirus. During the first five months of 2020, only 600,000 motorcycles were sold in Thailand, down 18% from 740,000 year-on-year, said Vroom chief executive Hideki Yanagisawa. Bajaj motorcycles are produced by Bajaj Auto Ltd, which is based in Pune, Maharashtra.

Source: Bangkok Post July 08, 2020 23:26 UTC