Krungsri Auto unveils “PromptStart” digital lending platform

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Pairote Cheunkrut, Head of Krungsri Auto Group, Bank of Ayudhya
Pairote Cheunkrut, Head of Krungsri Auto Group, Bank of Ayudhya

Krungsri Auto unveils “PromptStart” digital lending platform

Auto & Audio November 08, 2018 14:29

By The Nation

Krungsri Auto, a leader in automotive finance under Bank of Ayudhya PCL, has launched “Krungsri Auto PromptStart”, the first digital auto lending platform that allows customers to check their credit appraisal via mobile website.

In a press release issued on Thursday, the company said that with the simple steps of “filling-snapping-sending” and 30-minute SMS result notification, the platform promises to provide a more seamless experience by enabling easier access to auto finance services.

Pairote Cheunkrut, Head of Krungsri Auto Group, Bank of Ayudhya PCL, said: “At Krungsri Auto, we are committed to understanding customers and comprehensively answering their needs. We learned that, when looking to buy a new vehicle, customers do not usually feel confident about loan credit because they are not fully aware of their own financial capability. Additionally, with consumers’ increasing expectation for easy access to information, products and services at their fingertips, the need for digital auto finance solutions has increased considerably.

“Such insights led to ‘Krungsri Auto PromptStart’, the first digital auto lending innovation that allows customers to check their own credit appraisal via mobile website. It promises three key benefits: Assurance, Accessibility and Advice. Being more aware of the money in their hand, customers are empowered to make more informed decisions on vehicle selection. The platform also offers a quick, convenient and seamless experience to respond to consumers’ digital lifestyle. More importantly, customers can get consultation on loan conditions from their personal PromptStart Advisor who will provide support throughout the process.”

The company said customers can check their credit appraisal with “Krungsri Auto PromptStart” by following the simple steps of “filling-snapping-sending”: filling in personal information, snapping photos of three documents (an ID card, a salary slip and an employee badge or a bank statement) and sending a form. The result will be notified via SMS within 30 minutes during office hours. Customers will receive information on preliminary loan credit appraisal, instalment period, down payment as well as contact details of their personal PromptStart Advisor.

Pairote added: “Krungsri Auto PromptStart is the first innovation under our digital lending initiatives which set to provide more comprehensive solutions throughout the customer journey in the future. This launch reinforces our commitment to consistently enhancing our offerings to effectively answer customer needs and respond to changing consumer lifestyles. We believe that Krungsri Auto PromptStart will not only offer a more seamless experience but also propel business growth for dealers and car manufacturers as well as raise the standard of Thailand’s auto finance industry.”

Nissan regional HQ opens in Empire Tower

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Nissan regional HQ opens in Empire Tower

Auto & Audio November 07, 2018 19:02

By The Nation

Nissan Asia and Oceania headquarters has moved to the 45th floor of Empire Tower at Sathorn Road, Bangkok.

Easily accessible and with modern facilities, the offices provide an improved services infrastructure for operating business, Nissan said. The office has a modern design and open workspaces that encourage collaboration.

Nissan has laid out a roadmap until 2022 to provide safe, smart and sustainable mobility to more people in more markets.

“As Nissan continues to grow and lead in the region, we are pursuing our goal of being recognised by customers as among the best three automotive companies in quality and value of our products and services. To that end, we continue to invest in our people and our facilities at all levels. The new office provides our talents with an inspiring work environment to deliver high-quality products and services to our customers,” said vice president Yutaka Sanada.

Nissan currently employs 15,000 people across 30 markets in the region directly with 120 of them working at the regional headquarters.

Honda opens lifestyle cafe and showroom

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Honda opens lifestyle cafe and showroom

Auto & Audio November 07, 2018 14:09

By The Nation

Honda has opened ITS third “CUB House The First Moto Lifestyle Café and Showroom” in Thailand, located in downtown Khon Kaen city.

A press release issued by the company said the 300 square metre facility is a joint effort between distributor AP Honda Co Ltd and local dealer Natthapong Motor (1989), requiring an investment of Bt12 million. It features lifestyle space combining culture, fashion (with Greyhound), restaurants and a Honda motorcycle showroom.

Special models such as the C125 and Monkey are exclusively sold here along with other models and over 500 items of accessories.

JSCCIB maintains GDP growth forecast at 4.4-4.8%

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JSCCIB maintains GDP growth forecast at 4.4-4.8%

Auto & Audio November 06, 2018 17:10

By The Nation

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The meeting of the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) on Tuesday maintained its forecast of gross-domestic-product growth this year in the range of 4.4 per cent to 4.8 per cent, and its prediction of export growth in the range of 8-10 per cent, it said in a press release.

However, it warned that the export sector next year could face difficulties, including possible impacts from the US-China trade war and indirect impacts from a possible slowdown of global trade and economic expansion.

Rising to the challenge

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  • Sports marketing with children helps win future customers.
  • Wallop Treererkngam welcomes HRH Princess Maha Chakri Sirindhorn at the opening of the Suzuki plant in Rayong in 2012. Wallop has overseen the automaker’s rising profile in Thailand.
  • Wallop is the top Thai executive at Suzuki Motor (Thailand).

Rising to the challenge

Auto & Audio November 04, 2018 23:05

By Kingsley Wijayasinha
Nation Weekend

WALLOP TREERERKNGAM EXPLAINS HOW THE JAPANESE BUSINESS MANTRA OF ‘HO-REN-SO’ HAS HELPED SUZUKI MOTOR STRENGTHEN ITS FOOTING IN THAILAND

WHEN WALLOPTreererkngam joined Suzuki Motor (Thailand) nearly a decade ago, he wasn’t really aware of the challenges he would face or the tremendous success that Suzuki would achieve in Thailand. In just a few years, Suzuki became known for its passenger cars in Thailand. Before that, Thais only knew the brand for its motorcycles and minitrucks. It was the Swift eco-car that put Suzuki up there with other major brands such as Toyota, Honda, Mitsubishi and Nissan. The brand swiftly gained popularity and even somewhat of a cult status, but it wasn’t an easy task. Wallop is currently executive director for sales and marketing at the Suzuki distributorship, which was formed by a merger between Suzuki Automobile Manufacturing (Thailand) and Suzuki Automobile (Thailand). It is fully owned by Suzuki Motor Corporation of Japan. He is the highest-ranking Thai executive in the company, and admittedly looks after “almost everything” – from sales and marketing to dealer development, government affairs and PR. When Suzuki took over from the local distributor in Thailand, it did not have a strong dealership network. “Previously, the sale of Suzuki automobiles wasn’t high, and the standard of the showrooms pretty low,” Wallop recounts. “So we asked our dealers if they wanted to invest, and gave priority existing dealers before accepting new ones.” Suzuki and its existing dealers have worked hard to raise the standards as well as train those who are new to the business. “Suzuki entered Thailand at a time when sales were low and there was no foundation, no customer database whatsoever. Along the way, we had to work hard in educating dealers about the different situations that came up,” he said. “For instance, when the then-government’s First Car Buyer scheme was introduced, it generated high sales. But when sales plummeted dramatically, many did not know what to do or how to adjust to the situation. “We need to work very closely with our dealers, so we can move in the same direction,” Wallop stressed. “Now we are recovering with higher sales and dealers must adjust again. We have 120 dealers now and our work now is to modify service quality. With a small number of dealers like this, we can carry out ‘Gemba’, which is onsite inspection. When there is a problem, you must go and see it at the site, not from your office. You need to find the real cause.” Employees are also required to share knowledge with each other, so no small details are missed. “Reporting, communication and consultation [Japanese business mantra Ho-Ren-So] are important. For example, if a customer complains, you must report it immediately and work together in solving the problem. You don’t keep the problem to yourself. That’s HoRen-So. “Thais are shy to complain, and many of our dealers remain silent. We encourage them to speak out and help solve problems together. On the other hand if a customer doesn’t complain, that’s even more scary, because he can leave our brand without us knowing why,” Wallop added. “Online complaints must be dealt with swiftly, otherwise they can escalate quickly.” Wallop spends a lot of time visiting, helping and encouraging dealers. “If the dealers aren’t happy, don’t expect them to take good care of the customer. “We have a pretty lean organisation and we communicate a lot – my desk is right next to the president’s and information is relayed quickly,” Wallop said. “We have different departments, but problems can be reported quickly and taken care of quickly.” Apart from addressing problems immediately, Suzuki also gives much importance to digital marketing. “As much as 20 per cent of our customers purchase our vehicles through online channels,” he said, adding that some customers don’t even visit the showroom. “Some get the car delivered to their home. “We also have a lot of CRM activities for old and new customers to engage them with our brand. They later help spread the word and that is very effective,” he said. Sports marketing is also important for recruiting future customers. “To build a brand, you must start with the youngsters. It doesn’t take that long too – in just five years, they will grow up and have purchasing power,” Wallop said. The company is also expanding its product lineup to include MPVs and SUVs in order to serve customers who are “growing up”. “People who bought the Swift are now older and when they get married and have children, they will be looking for larger vehicle. We don’t want to lose them to other brands,” he said. “In the future we will also offer SUVs – the market will touch 1 million units and the sales of affordable compact SUVs is growing dramatically. Most customers come from the eco-car crowd,” he said.

Profile

EDUCATION

● Bachelor of Arts, Political Science, major Public Administration – Ramkhamhaeng University, Bangkok.

● Master of Arts, International Affairs and Diplomacy – Thammasat University, Bangkok

● Master of Business Administration for Modern Managers (MBA), major Marketing – Ramkhamheang University

APPOINTMENTS

● Suzuki Motor (Thailand)

September 2009: Assistant general manager, sales and marketing department

February 2013: General manager, sales and marketing department

June 2014: Director, marketing division September 2016: Executive

Toyota to offer car subscriptions

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Toyota to offer car subscriptions

Auto & Audio November 03, 2018 09:58

By The Japan News
Asia News Network
Tokyo

Toyota Motor Corp. announced Thursday that it will introduce a car subscription service from next year in which users pay a monthly fee for access to several vehicle models in its lineup to use as much as they want.

The service has already begun being introduced by automakers in Europe and the United States, but Toyota will be the first Japanese automaker to adopt it.

Users will pay from several tens of thousands of yen to around ¥100,000 a month to drive various models, including Priuses and Corollas, that are sold at the company’s outlets under certain conditions. Toyota’s Lexus luxury brand may also be part of the service.

The subscription fee is expected to include an insurance and a maintenance fee.

Separately from the subscription service, Toyota will make a full-scale entry into the car-sharing business from next spring. With new car sales appearing to have peaked, Toyota aims to develop a revenue source that does not depend solely on new auto sales by attracting those who are not fussy about owning cars

Roomy yet sleek, Audi gets it right

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Roomy yet sleek, Audi gets it right

Auto & Audio November 03, 2018 01:00

By Kingsley Wijayasinha
Nation Weekend

Despite its presence on the road, the A7 Sportback has something of a classic look in blend of luxury and performance

Audi is intelligently picking the right models to offer in Thailand, looking at areas where it can match or even beat rivals with attractively priced imported models.

Take the A7 Sportback, for instance. Priced at Bt5.399 million, this is a full-sized high-performance five-door hatchback that’s got everything you need, and makes you think “who needs a Porsche Panamera?” I picked up the A7 Sportback 55 TFSI quattro S line at the newly opened Bt1-billion Audi Center Thailand and was impressed at first sight. I usually don’t like large cars (especially quirky sportbacks), but the A7 has the sleekness that makes the five-metre body length seem acceptable, thanks to the low 1.42-metre height, resulting in a drag coefficient of only 0.27.

At the front are HD Matrix LED lighting, and there’s also light staging front and rear – when the doors are unlocked or closed, the headlights and tails lights team up to perform dynamic lighting animations.

The Thai version gets 20-inch wheels with low-profile tyres.

Despite its size and presence on the road, the A7 appears classic-looking and doesn’t attract too much attention when you drive around.

The interior is spacious and the quality does not disappoint – Audi is well-known for making excellent car interiors. I loved the gloss black/aluminium styling that has that very strong Audi design (but modernised of course), although I had to admit that finding the right seating position was pretty difficult (despite all the powered seat and steering wheel adjustments). The roofline is pretty low (there’s a large panoramic sunroof) and there’s not much headroom adjustment available.

The A7 features the Audi virtual cockpit that’s highly detailed and adaptable, along with MMI Navigation Plus and MMI touch response, multi-function flat-bottomed sports steering wheel, headup display, Bang & Olufsen audio system, Bluetooth connectivity, etc.

Move to the back and there is plenty of room (long, long legroom), in fact so much you start thinking who needs the A8 limousine? Children can even do somersaults in here. Open the luggage compartment and you’ll also be surprised by all that space (535 litres). Fold the rear seat backrests and you have as much as 1,390 litres.

The A7 comes with a MHEV powerplant, meaning that apart from the normal combustion engine, there’s a 48-volt primary electrical system and a belt alternator starter (BAS) generating up to 12 kilowatts of recuperation power.

Audi is moving quickly with its electrification programme, and next year we could see the German brand offering EV models in the Thai market.

Meanwhile, the base engine of the A7 is a silky-smooth turbocharged 3.0-litre V6 capable of pumping out 340hp and 500Nm, mated to a seven-speed dual clutch that’s so smooth you’d think it’s a conventional automatic.

The A7 weighs in at over 1.8 tons, but it never feels sluggish, and in fact when you floor the throttle it can accelerate like a sportscar. Audi claims 0-100kph acceleration in 5.3 seconds, and a top speed of 250kph. People who drive it would definitely feel it is more powerful than a regular turbocharged 3.0- litre car.

The steering is feather-light at low speeds and weight builds up as speeds increase, which is the way it should work. But you’ll be surprised how heavy the steering becomes during the first high-speed cornering opportunity you get. Nevertheless, the quattro all-wheel-drive system always maintains the best possible traction, and you just need to concentrate on where the car’s heading.

The suspension is multi-link both with stabilisers both front and rear. Audi said that the A7 comes with sports suspension but you hardly notice it as bumps and cracks on the road are still well-absorbed.

Audi brakes are always good in stopping performance, but the pedals are usually super-sensitive, making stop-and-go traffic exhausting. The brakes in the A7 have been improved with better feel and calibration, allowing for better convenience. Meanwhile, the braking performance is top-drawer as well, especially from high speeds.

There are plenty of driver assistance systems, plus cruise control, six airbags, all-around view camera with guiding strip (unfortunately no parking pilot or remote garage pilot which would be ideal for a car this size).

The fully imported A7 Sportback offers a good blend of style, luxury and performance, along with a comprehensive equipment package. And at slightly over Bt5 million, has pretty attractive pricing too.

Audi A7 Sportback 55 TFSI quattro S line specs

Engine: DOHC 24-valve V6 Direct Injection with turbocharger plus 48-volt mild hybrid system

Displacement: 2,995cc

Bore and stroke: 84.5x89mm

Compression ratio: 11.2:1

Max power: 340hp/5,000-6,400rpm

Max torque: 500Nm/1,370-4,500rpm

Transmission: 7-speed dual clutch

Ratios: 3.188/2.190/1.517/1.057/0.738/0.508/0.386

Final drive ratio: 4.410

0-100km/h: 5.3 secs

Top speed: 250km/h

Average fuel economy: approx. 6.8-7.2 litres/100km

CO2: 154-163g/km

Suspension (f/r): 5-link, stabiliser/5-link, stabilizer

Steering: electromechanical powered rack-and-pinion

Turning circle: 12.2 metres

Brakes (f/r): vented disc/vented disc

Dimensions (mm)

Length: 4,969

Width: 1,908

Height: 1,422

Wheelbase: 2,926

Track (f/r): 1,651/1,637

Weight: 1,815kgs

Wheels: 20-inch alloy

Tyres: 255/40 R20

Fuel tank capacity: 73 litres

Price: Bt5.399 million

Distributor: Audi Thailand Co Ltd

Commercial vehicle expo in top gear

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Commercial vehicle expo in top gear

Auto & Audio November 02, 2018 18:51

By The Nation

Bus and Truck ’18, the 15th commercial and special purpose vehicle exposition, is being held under the concept of “Mobility Solutions” at BITEC Bangna until Saturday.

The three-day event includes vehicles for commercial purpose, gadgets, auto parts, and innovative technologies with more than 100 items on show.

Organisers said this year also marks the first-ever exhibition of Logistics Startup Pavilion to showcase Logistical Solutions in Digital Age.

The show runs from November 1 to 3 and covers over 15,000 square metres.

Supaman Munka, Deputy Managing Director of TTF International Co Ltd the organiser of the event, said it serves as the center stage for innovations and technologies for commercial and special purpose vehicles along with the various involved auto parts products.

“In this 2018 Expo, most public transport manufacturers have focused on showing off new automotive innovations, namely Golden Dragon to bring in multiple sizes and types of coach, city bus, and mini-bus, Sakun C to feature the first Thailand-made aluminium-bodied mini-bus, and Globalcraft to exhibit city mini-bus. Hino will be bringing in small and large six-wheelers to display while Fuso will surprise visitors with its brand-new tractor along with hot promotions available only at the event,” he said.

Nissan launches 2018 Teana

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Nissan launches 2018 Teana

Auto & Audio November 01, 2018 23:51

By The Nation

Nissan has launched the 2018 Teana mid-sized sedan that comes with improved exterior design and added features.

The Teana will be available nationwide, with prices starting at Bt1.339 million for the 2.0XE model, Bt1.426 million for the 2.0XL model, Bt1.476 million for 2.0XL Navi model and Bt1.674 million for 2.5XV Navi model.

The Teana now comes with the Remote Engine Start feature, which allows the driver to start the vehicle and the air conditioning before arriving at the car.

It also offers the latest embedded Nissan Intelligent Mobility features and advanced technologies for safer and more confident driving. These include the Intelligent Around View Monitor (IAVM) with Moving Object Detection (MOD), Blind Spot Warning (BSW) and Lane Departure Warning (LDW). These are helpful whether commuting on city streets, getting into tight parking spaces or driving on a highway.

Isuzu ready to modify vehicles for B20 biodiesel compatibility if Thai govt offers incentives

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Isuzu ready to modify vehicles for B20 biodiesel compatibility if Thai govt offers incentives

Auto & Audio October 31, 2018 08:54

By The Nation

Isuzu is ready to carry out modifications on its products for B20 biodiesel fuel compatibility in Thailand if the government supports the policy and offers tax cuts in order to maintain competitive pricing, the company announced in a statement on Monday.

According to distributor Tripetch Isuzu Sales, the government has a policy to promote B20 biodiesel in order to help tackle the oversupply of palm oil as well as to increase income and sustainably improve the quality of life of Thai agriculturists.

It also aims to lower crude-oil dependency and the effects of oil price fluctuations.

“A large number of older Isuzu vehicles that have been sold to the market have not been designed to be compatible with B20. But with the sheer determination of Isuzu, we would, as a leader in diesel-engine technology and renewable-energy fields such as biodiesel, like to comply with the government’s policy.

“We prompt to invest in R&D to ensure that every current Isuzu model, both pickups and trucks, as well as those to be produced in the future, are compatible with B20,” the company stated.

However, at present, the specifications of biodiesel B20 to be sold in the market have not yet been determined.

If there are clear specifications, Isuzu will be able to develop every model of Isuzu pickups and trucks to be B20 compatible in a short period of time, Tripetch Isuzu Sales said.

“Nevertheless, the research and development of B20 vehicles might result in a vehicle production-cost increase from the engine and parts adjustments. If the government considers some incentives, B20 vehicles might be able to compete with standard diesel vehicles in terms of pricing,” it stated.

Isuzu said it has been carrying out business in Thailand for more than 60 years.

“We believe that the B20 promotion will be a part of economic driving forces in accordance with the national strategic plan for stability, prosperity and sustainability, and align with the philosophy of sufficiency economy,” the statement added.