Car business is not a sunset industry, says Komoco chairman Teo Hock Seng

Mr Teo Hock Seng's journey with the motor trade started by accident.
Mr Teo Hock Seng's journey with the motor trade started by accident.ST PHOTO: GAVIN FOO

SINGAPORE - Despite Singapore's continuing measures to curb its vehicle population, Mr Teo Hock Seng, executive chairman of diversified motor group Komoco Holdings, does not believe the car business is a sunset industry.

Says the 74-year-old: "Sunset or sunrise, the stayers will fight and will remain. I don't think the Government can say 'no more cars on the road'. They can try, but they will get a lot of brickbats.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content