Strategic Growth Vision for 2026
Millennium Group Corporation (Asia) Public Company Limited (MGC) has announced an ambitious business outlook for the coming year. Under the leadership of Sunhavut Thamchuanviriya, the company plans to significantly expand its operations and strengthen its market presence. As part of this strategy, MGC Targets 25% Revenue Growth in 2026 compared to 2025, when the company generated approximately THB 22 billion in total revenue from sales and services.
The projected growth will be driven by multiple business segments that form the backbone of the company’s operations. These include mobility retail, after-sales services and spare parts, car rental and chauffeur services, as well as financial and other related services. By diversifying across these segments, MGC aims to build a resilient and scalable business model capable of sustaining long-term growth.
Expansion Across Key Business Segments
A major contributor to the company’s growth outlook is its Mobility Retail division, which reported a strong backlog of over 1,000 vehicles by the end of 2025. This indicates robust consumer demand and provides a solid foundation for the coming year. In addition, the company continues to expand its after-sales service network and spare parts operations to enhance customer satisfaction and retention.
The car rental and chauffeur services segment is also expected to contribute significantly to the revenue expansion. Through its international mobility services, MGC continues to grow its operational footprint across Southeast Asia. Altogether, these initiatives support the company’s broader strategy as MGC Targets 25% Revenue Growth through operational expansion and improved service offerings.
Strategic Alliances Driving Innovation
Partnerships and strategic alliances play a crucial role in MGC’s long-term vision. The company has identified five core pillars for collaboration: strong automotive brand alliances, technology and artificial intelligence partnerships, financial and investment alliances, lifestyle ecosystem partnerships, and regional strategic alliances.
These partnerships enable MGC to accelerate innovation, adopt advanced technologies, and expand its market reach. By strengthening these alliances, the company aims to transform from a traditional automotive retailer into a modern mobility and technology-driven organization.
EV Demand Surges Amid Global Uncertainty
One of the most significant drivers behind the company’s growth outlook is the rapid rise in electric vehicle adoption. In 2025, EVs already accounted for 35% of total vehicle sales. However, the company expects the proportion to rise even further in 2026 as MGC Targets 25% Revenue Growth, supported by increasing consumer interest in electric mobility.
Global geopolitical factors are also influencing this shift. Ongoing instability in the Middle East has contributed to rising oil prices, increasing uncertainty around fuel costs, and encouraging consumers to consider electric vehicles as a more stable and cost-efficient alternative.
MGC currently represents several leading EV brands, including BMW, XPENG, and ZEEKR. These brands are known for advanced technology, innovative design, and strong market appeal.
Managing Risks and Strengthening the EV Portfolio
To address geopolitical and economic uncertainties, MGC is actively adjusting its vehicle portfolio by increasing the share of electric vehicles and reducing reliance on fuel-intensive internal combustion engine models. At the same time, the company is maintaining strong liquidity to manage potential financial volatility and currency risks.
The company also anticipates that EV demand may exceed supply in 2026. Early results from the first quarter already indicate strong momentum, with EV sales rising by more than 35% during January and February. This trend is expected to continue throughout the year as new models enter the market.
Regional Expansion and Service Network Growth
Currently, MGC operates a large network of showrooms and service centers representing 20 automotive brands across Thailand and neighboring markets. Its mobility services also include operations of SIXT branches in Laos and Malaysia.
Overall, the company manages around 130 branches covering more than 290,000 square meters of operational space. Its after-sales service network includes 44 locations nationwide with over 330 repair bays and more than 320 manufacturer-certified technicians, many of whom are trained in EV maintenance. These facilities support a customer base exceeding 700,000 users.
MGC-ASIA 2030 Roadmap
Looking further ahead, the company has outlined a long-term strategic plan known as the MGC-ASIA 2030 Roadmap. This strategy focuses on two main pillars: Core Growth and Trust/Foundation.
Core Growth emphasizes expanding the EV portfolio, enhancing nationwide network coverage, strengthening after-sales services, and advancing the integration of technology and artificial intelligence. Meanwhile, the Trust/Foundation pillar focuses on value-added customer programs, membership platforms, ESG-aligned operations, and workforce development through continuous training.
Strengthening Investor Confidence
Alongside its growth strategy, MGC is evaluating options related to its recent share buyback program. The company may reduce capital, increase its market free float, or offer shares to strategic investors and partners aligned with its business direction.
With consistent performance and strong growth prospects, MGC Targets 25% Revenue Growth while positioning itself to attract institutional investors and strengthen long-term shareholder confidence.
Related Articles:-
