Masbreed sees growth in business, confident to outpace Chinese-auto rivals

Business Review Writer

Commercial vehicles dealer, Massbreed Investments trading as FAW Zimbabwe, says it is seeing growth of business in the second half of the year, and is confident of outpacing rivals in the increasingly competitive market for Chinese-made equipment.

The company is on course to achieving a US$30 million revenue target for this year.

Massbreed is part of the Tsapo Group of companies that has broad interests in the motor industry, construction, mining, agriculture, insurance, travel and green energy, with the flagship electric vehicle brand, BYD. Massbreed is leading the commercial vehicle selling business with Golden Dragon buses and Faw trucks  as well as solutions in mining, construction and commercial trucks, bus servicing and spare parts.

Speaking to Review & Mail recently, Faw business development manager Tadiwa Mugova, said a number of projects undertaken by Government and the private sector in construction, mining, industry and manufacturing were set to peak, following a lull during the past couple of months.

“We are looking at having a boom in construction, mining and so forth,” Mugova said. “It’s good business for us because we provide products for mining, construction and earth moving equipment.”

Among products that the company is selling include trucks of haulage size of up to 10 tonnes, tippers, box vans and buses starting from 15 to 101 seaters, and the market, including  Government, schools and the private sector.

However, other Chinese brands are increasingly laying stake on the Zimbabwean market – and Africa.

“We are the brand,” emphasized Mugova.

He told this publication that the company was on course for achieving its revenue target for the year, while offering  flexible terms to make life easier for customers.

“We are happy to tell this to our customers that we’re open for business,” Mugova said.

“We are open to discussing very favourable terms, considering our economic environment.”

 

Leave a Reply