After launching famed Italian brand MV Agusta in a new Malaysian partnership last year, as well as expanding the Demak Malaysia brand of China manufactured scooters, Malaysian motorcycle assembly company DNC Asiatic has ceased operations at its Olak Lempit, Selangor, factory. Staff were earlier told to resign while the factory will officially closed on May 31.
An unnamed source that told paultan.org that the factory will be put on sale to repay debts and bank loans. The 260,000 square foot facility assembled scooters, kapchais as well as three- and four-wheel light commercial and utility vehicles.
In addition to the Malaysian assembly plant, DNC Asiatic also has an assembly facility in Sri Lanka, producing a range of small scooters. Our source informed us that the fate of this overseas facility has yet to be decided, but will likely be shut down late this year or early next year.
As for MV Agusta, DNC Asiatic signed an agreement for the assembly of MV Agusta motorcycles in Malaysia last December 2016 and establishing a MV Agusta Lifestyle Centre in Segambut, Kuala Lumpur. MV Agusta bikes assembled locally were to have been distributed in partnership with Moto Varese Asiatic.
All Malaysian operations for MV Agusta will be shut down soon. Approval is currently being sought from MV Agusta headquarters by connected parties for approval to enter a partnership with a local company, but it is still to early to tell, said the source.
This will be like Boyue. One day here, next day Geely close shop and cabut.
Then buyers don’t know how to claim warranty.
Moral of story, buy established old brands.
Malaysians prefer quality over price!! Remember Comel brand!!
Proton bila? Are the rakyat not going to collect back the billions invested in Proton for 30 years? Proton just say tengkiu lah
So, Proton never pay any taxes and provide employment during those 30 years?
Tun M already say p1 already pay all money govt give to them.. except the new one
DNC is an assembler, not a principal distributor that usually handle warranty claims. It’s like saying if one day Tan Chong assembly plant close down, all Mitsubishi will not be covered by warranty. The warranty still valid as long as MMM still operating.
Poor MV Agusta. Never seem to be able to catch a break.
That’s why I said earlier, buy only established brands ….
Did Chear Motor were Authorised Dealer / Service Centre for MV Agusta brand in peninsular ?
NAZA seem smarter with their Ducati.Key word here is MARKETING