AUTOBACS SEVEN CO., LTD. (AUTOBACS SEVEN) has officially signed a Memorandum of Understanding (MOU) with KOPERASI AL-FALAH MALAYSIA BERHAD (KOPFALAH), a member of ANGKASA* in Malaysia, on 19th May 2023, to establish a more complete automotive ecosystem in Malaysia that encompasses the scope of vehicle service centres, car accessory stores and the sales of imported car of Japan Domestic Market (JDM) for the following two projects.

* ANGKASA, established in 1971 is the APEX cooperative in Malaysia recognised by the government, representing 15,315 cooperatives with 7.3 million members in which comprised of about 20% of Malaysia population.

The first project is KOPFALAH will carry out credit activities and offer loans to the qualified civil servants for the purchase of accessories and imported used cars through ANGKASA salary deduction system. Through this scheme, it will benefit and allow cooperative members to enjoy a more hassle-free financing service solution.

 

In the second project, the "Authorised Dealer Network" supported by AUTOBACS CAR SERVICE MALAYSIA SDN.BHD., a Malaysian subsidiary of AUTOBACS SEVEN, will be expanded to local car service and maintenance centres affiliated with KOPFALAH’s program. As authorised dealers, they will be given priority in selling maintenance products such as AUTOBACS original engine oil, thereby creating a total ecosystem from the purchase of imported used cars to the maintenance for the cooperative members. 

 

Target at approximately 150 local car service and maintenance centres will be enrolling KOPFALAH’s program and operating as KOPFALAH’s "Authorised Dealer" within three years' time.

 

 

Through these two projects, the AUTOBACS Group will develop and revitalise in Malaysia on the distribution channels and after-sales service centres for used cars imported from Japan. 

 

The AUTOBACS Group will continue to take on new challenges, both in Japan and overseas, based on the group's management philosophy: "Our mission is to create an enriched a healthy automotive society by offering our customers the best car lifestyle.”

*This release information is updated on May 25, 2023.
For details, please refer "Correction to the news release announced on May 19" announced on May 25, 2023.