Tasco Joint Stock Company announced the official renaming and rebranding of its automotive subsidiary, SVC Holdings Limited. With the approval of the regulatory authority, SVC Holdings is officially renamed as Tasco Auto Limited (“Tasco Auto”) as of January 22, 2024.
In recent times, Tasco Auto has achieved remarkable success, boasting a nationwide network of 86 auto showrooms and a leading market share of 13,5% (VAMA), distributing 14 major car brands including Toyota, Ford, Mitsubishi and the luxury brand Volvo. The revenue from the automotive segment has surpassed 1 billion USD.
Tasco Auto has successfully introduced a new car brand to Vietnamese customers. Within 4 months, Tasco Auto, via one of its subsidiaries – GreenLynk Automotives, successfully concluded negotiations, agreements, homologation procedures, showroom and team setup, ato distribute Lynk & Co – a globally popular automobile brand – to Vietnam by late 2023. This endeavor expands the customer’s choice with a high quality option..
The company also invested in Carpla – the unique online-to-offline used car trading platform. Carpla currently operates 6 Automalls across the country, ensuring quality of every car through the standardized 160-point inspection process. Offering a 12-month warranty, a free return policy within 5 days, and the expertises of 1,500 experienced technicians, Carpla delivers reliable and end-to-end services for customers involved in the buying, selling, or trade-in of used cars.
Saigon General Service Corporation (Savico, a Tasco Auto subsidiary) was ranked 74th in the VNR500 – Top 500 largest enterprises in Vietnam in 2023, maintaining its position as one of the four largest enterprises in manufacturing and trading automobiles, motorcycles, motor vehicles, and accessories.
