Komoco executive chairman Teo Hock Seng sees demand for cars continuing

Company's after-tax profit was $24.9m for 2018, up from $7.7m in 2017; fleet sales help it maintain market share

Mr Teo Hock Seng, Komoco Holdings executive chairman, with a Hyundai Genesis G80 limousine, one of his daily rides. Besides Hyundai, Komoco's franchises include Harley-Davidson, Jeep, Ferrari, Maserati and Alfa Romeo (China), and Mr Teo does not rule out acquiring new franchises. ST PHOTO: GAVIN FOO
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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.

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A version of this article appeared in the print edition of The Straits Times on August 15, 2020, with the headline Komoco executive chairman Teo Hock Seng sees demand for cars continuing. Subscribe