Toyota Bhutan - State Trading Corporation of Bhutan
History of Toyota in Bhutan dates back to 1980s when the Japanese volunteer Keije Nishoka traveled all the way to Japan to purchase Toyota vehicle for their Royal Family.
Although STCB was a dealer since then, it has taken more than three decades, after the introduction of the first Toyota vehicle in Bhutan, to appoint distributor in the Country. It was only in 2011 that STCB was officially appointed as the sole distributor of Toyota vehicles in Bhutan.
Toyota STCB has 3S (Sales, Spares & Service) facility in Thimphu and Phuentsholing.
State Trading Corporation of Bhutan was established in 1968 by the Royal Government of Bhutan (RGOB), under the administrative control of the Ministry of Trade and Industry. The corporation was primarily established to assist various government departments to procure essential commodities from India and few special commodities abroad. Being well established and a formidable organization, on April 1984, STCB was declared an autonomous body. Following a government order in 1985, all central stores of the Government Workshop dealing with spare parts imports for all vehicles were merged with STCB. The STCBL was registered as a limited company under the Companies Act of the Kingdom of Bhutan from March 5, 1996. The Royal government of Bhutan holds 51% of market share. Whereas to enable public participation in the activities of the Corporation, the government in 1997 floated 49% of its shares in the open market rendering STCB a joint venture of the Royal Government. The annual turnover of Nu.841.89 millions in the year 2007 and Nu.1, 187.15 millions in 2008 declared a 20 % dividend to the shareholders and a company bonus of 2 months. The company is overseen by a Board of Directors whose members are a mix of private and public sector professionals.See more