A leading Japanese engineering company – Yamaha Motor Company – has appointed Paramount Holdings Limited as an authorized importer and seller for Yamaha motorcycles & other YAMAHA products in Malawi.
Both Yamaha Motor Company and Paramount Holdings Limited confirmed the development in separate interviews.
Yamaha’s Group Manager (Africa Market Development Division and Overseas Market Development Operations Unit), Ryuji Kuwano, said the agreement entails that the Malawian company shall be supplying and distributing Yamaha motorcycles, outboard motors, water pumps, generators and spare parts of the said products.
Paramount Holdings Limited sales manager , said Malawi has already started reaping benefits of this partnership as his company recently delivered 76 motorcycles to the Ministry of Education within six weeks instead of the eight weeks, which were stipulated in the contract.
“Our company is very excited and proud to be associated with Yamaha Motor Company, which supplied genuine and powerful motorcycles across the globe. We pledge to use this partnership to ensure Malawians are buying and accessing genuine motorcycles at affordable prices,” he said.
Paramount Holdings Limited Started Automobiles Section in 2021, was incorporated as a limited liability company in December 2009, under Companies act of 1984, by the registrar of companies in the Republic of Malawi.
It is a diversified business with investments in contracting and construction management of projects, trading, farm inputs and hiring of diverse range of construction plant and equipment.
The company has been in operation for over 11 years and has established a comprehensive representation across Malawi
It has an automobile showroom situated in Century City Mall complex, Opposite Kamuzu Central Hospital while the workshop is right at the heart of the Industrial Area 28 at Kanengo, behind Safintra, where we also operate a Yamaha Bonded Warehouse facility.
Senior officials from the company disclosed that the advantage of having a bonded warehouse is the ability to sell tax-free bikes.
Additionally, the company has a separate fully equipped workshop at Kanengo area 28.
“We continue to focus our efforts on customer satisfaction through intensive and ongoing internal and external training programs,” he said.