Puspakom clarifies concession agreement with gov’t

Puspakom clarifies concession agreement with gov’t

Puspakom has recently issued a statement clarifying its position following an announcement made by the government, whereby an open tender would be held to select service providers for inspection activities of used vehicles (hire purchase inspection or HPI) for the new term effective December 18.

In its statement, Puspakom said the inspection activities mentioned by the Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) are only related to its appointment as a service provider with the ministry. The agreement, if secured, will see Puspakom continue to carry out inspections on used vehicles when they are sold prior to entering a hire purchase contract.

However, Puspakom stated that its main concession agreement with the Ministry of Transport to undertake all mandatory inspections for commercial vehicles and private vehicles will remain in effect, and will only expire in 2024.

The company will submit a proposal to KPDNHEP for the HPI concession for the new term, and believes its current inspection capacity and capability will give it an edge in securing the tender. It adds that HPI accounts for 7% of its total annual revenue, with an average of 170,000 used cars inspected yearly nationwide.

Meanwhile, the largest revenue source for Puspakom is from mandatory inspections of commercial vehicles and private vehicles, which accounts for 84% of total revenue; other services and inspections contribute 9%.

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Gerard Lye

Originating from the corporate world with a background in finance and economics, Gerard’s strong love for cars led him to take the plunge into the automotive media industry. It was only then did he realise that there are more things to a car than just horsepower count.

 

Comments

  • Sohai (not ori) on Oct 19, 2018 at 4:08 pm

    AIYOOO, new car oso hVe to let them they cek, really easy money..just test tekan brek, cek tinting, blabla, even sohai or ah beng roadside workshop oso tau

    Like or Dislike: Thumb up 17 Thumb down 1
    • John Minum Teh 8X on Oct 19, 2018 at 5:56 pm

      Only country in the world where brand new cars coming out of established names like Mercedes, BMW, Honda, Toyota, Nissan have to get “MOT” approval like the UK.

      This increases each car by RM500. The cost goes down to the consumer.

      The one who benefits is Syed Mokhtar, multibillionaire but still making more money from all of us.

      Why new car need “MOT” Puspakom approval?

      Like or Dislike: Thumb up 1 Thumb down 0
    • Puspacom check the chassis number and the engine number is correct as per registered on JPJ. The body of the car which is not half cut also the owner and the bank name are legitimate, they have a responsible job to report to JPJ. Puspacom help the road safe by checking the commercial vehicles are fully comply to JPJ requirements.

      Like or Dislike: Thumb up 0 Thumb down 0
      • but do they really check commercial vehicles with integrity? so many black smoke and rethread tyre on the road.

        Like or Dislike: Thumb up 0 Thumb down 0
  • Ex-VGM staff on Oct 19, 2018 at 7:07 pm

    Whatever happens to spanco contract? I heard coming to expiry soon. I hoping that it won’t be appointed again as govt fleet provider/maintenance.

    Like or Dislike: Thumb up 0 Thumb down 0
  • Kesas on Oct 19, 2018 at 7:59 pm

    Compulsory test on commercial vehicle yet still see lots of lorry spewing black smoke on the highway.

    Like or Dislike: Thumb up 1 Thumb down 0
  • rchoo on Oct 20, 2018 at 9:22 am

    Concession? Still thinking of concession? We the rakyat have been suck dry by these blood suckers.

    Like or Dislike: Thumb up 1 Thumb down 0
  • Anthony Loke please go request MACC to investigate whether Puspakom has use any dirty tricks to get tht contract. Besides tht why is that JPJ themselves cannot take over such easy job like this and generate income for the country ?

    Like or Dislike: Thumb up 2 Thumb down 0
  • Puspacom check the chassis number and the engine number is correct as per registered on JPJ. The body of the car which is not half cut also the owner and the bank name are legitimate, they have a responsible job to report to JPJ. Puspacom help the road safe by checking the commercial vehicles are fully comply to JPJ requirements.

    Like or Dislike: Thumb up 0 Thumb down 0
  • Sputjam on Oct 22, 2018 at 9:11 pm

    Pity commercial road uses like lorries and taxis. Must check twice a year for road worthiness. Even if the vehicles are new. So its 4 days a year wasted for these owners.2 days for servicing and 2 days for puspakom.

    Like or Dislike: Thumb up 0 Thumb down 0
 

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