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According to Knee Deep Investments founding director Mr Robson Maganezi, the deal is expected to bring down considerably the price of good quality second-hand vehicles in the country.
The parties have already signed a Memorandum of Understanding that would also result in the setting up of a service workshop and spares unit to cater for the imported vehicles.
“Kheng Keng Auto is a company in Singapore that deals in pre-owned cars and spares. So what happened recently was that they were in Africa as part on an expansion programme that they are embarking on and in each country they are appointing local partners they will be working with,” said Mr Maganezi.
“These partners will represent the brand upon going through a vetting process, upon being successful and showing competence in becoming a distributor or partner to them. We (Knee Deep) have been appointed the local partner,” he said.
Kheng Keng was established in 1980 as one of Singapore’s most active used car importers or exporters offering its customers a one-stop service to meet all their automotive needs. It buys and sells a wide range of used cars in Europe, Japan, Korea, Singapore, and export the quality vehicles to any part of the world.
“All its cars undergo stringent inspection before shipment. It also specialises in Japanese low-mileage used engines. The engines are available in good condition and have been tested and cleared for domestic use or export. They have experienced and qualified personnel in Japan to assist us in the selection and testing of engines, ensuring all statutory requirements are met,” he said.
Mr Maganezi said that the automobile trading business should be up and running within three to six weeks while the service workshop and spares units would follow in about six months.
He stressed that the initiative would make buying and ownership of imported good condition pre-owned vehicles more convenient and cheaper than the prevailing situation.
This would particularly be the case because Knee Deep, which might trade under a different name, would provide after-sales service, fixing faults on cars they will be selling and also supplying spare parts.
Mr Maganezi said a team of experts would be dispatched to Singapore for training while Kheng Keng Auto would do likewise to train local guys on various technical aspects relating to the vehicles that Knee Deep will buy from the Asian firm.
Online Reporter