Hong Leong Industries Berhad (HLI) is making waves in the automotive industry with the introduction of Tekhne Sdn Bhd (TÉKHNĒ), signaling a bold stride into the realm of automotive spare parts. This strategic move not only underscores HLI’s dedication to innovation but also emphasizes its commitment to delivering top-notch quality and customer satisfaction.
TÉKHNĒ steps into the market with a diverse array of Original Equipment Manufacturer (OEM) and Replacement Equipment Manufacturer (REM) parts for both 2-wheelers and 4-wheelers, catering to a wide spectrum of customer needs. With its mantra of ‘Moving the Future,’ TÉKHNĒ embodies an unwavering resolve to drive progress within the automotive sector.
Professor Dato’ Dr. Jim Khor, Group Managing Director of HLI, expressed his pride and optimism during the launch, highlighting, “Our venture into the automotive spare parts industry reflects not only our commitment to innovation and expansion but also our unwavering pledge to uphold the highest standards of quality and dependability for our customers. With TÉKHNĒ, we embark on a journey brimming with possibilities, aiming to spearhead technological advancements and ensure optimal vehicle performance and safety for the road ahead.”
The Malaysian market for OEM and REM parts for both 2-wheelers and 4-wheelers is witnessing substantial growth, driven by increasing vehicle sales, aftermarket service demand, and a burgeoning automotive products market. Projections indicate that the value added in Malaysia’s Automotive Products market is set to reach US$8.32 billion in 2024, with a projected compound annual growth rate (CAGR) of 5.71% from 2024 to 2028. Furthermore, the upward trend in used car sales in Malaysia points to a rising demand for replacement parts, further fueling the automotive aftermarket service industry.
Mr. Chong Chee Kong, General Manager of TÉKHNĒ, emphasized the company’s dedication to delivering premium products tailored to the Malaysian market. Through collaborations with reputable partners, both locally and internationally, TÉKHNĒ ensures that its offerings maintain the highest standards of quality and customer satisfaction. Looking ahead, the company is poised to expand its presence across the broader ASEAN region and beyond, tapping into global markets.
TÉKHNĒ’s commitment to innovation extends to its plans to venture into electric vehicle-related products, aligning with the industry’s shift towards sustainable mobility solutions. To foster innovation, TÉKHNĒ is set to establish its Research and Development (R&D) center, with a focus on pioneering advancements in technology and design while upholding uncompromising standards of quality and reliability.
For more information about TÉKHNĒ and its groundbreaking aftermarket OEM and REM products, please visit www.tekhne.com.my.