[June 8th] Auto distributor Tasco to begin assembling

Tasco, a distributor for 14 auto brands, plans to branch into car assembling, and will launch its first products next year.

Its management told shareholders at the annual general meeting last week about the plan without disclosing what brand or brands it plans to assemble.

A person familiar with the matter told VnExpress that Tasco’s plan “might not necessarily be to assemble passenger cars.”

Pham Van Dung, chairman of subsidiary Tasco Auto, said the company wants to work with a global top 10 auto producer.

The partner is already selling “successfully” in Vietnam, he said.

The products would be sold not only in Vietnam but also in markets with which it has free trade agreements, he said.

Tasco Auto used to be Savico Holdings until its acquisition by Tasco in 2022.

It has 84 dealerships across the country that distribute Toyota, Ford, Honda, Mitsubishi, Volvo and other vehicles.

Source: VN Express