Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Malaysian auto manufacturer Perodua’s auto sales in February 2021 stood at 16,583 units, down by 1.8pc as compared to 16,894 units sold in the prior month (January) due to fewer workings days and festive holidays, as per ocal media reports.

The company introduced Ativa, a compact SUV, on March 3 to further expand its product line-up to its customers.

Meanwhile, the brand’s parent group UMW Holdings Bhd’s auto sales in February rose by 4.4pc due to higher sales of UMW Toyota Motor (UMWT) and a minor decline in Perodua sales.

UMWT’s auto sales in February stood at  5,074 units, up by 32pc from the preceding month.

The company said that the sustained overall demand was driven by the sales tax exemption which has been extended to June 30, 2021, and the introduction of improved models in the market.

The company informed it will continue production operations with strict compliance with the COVID-19 protocols at all plants.

It added that it will purchase MYR8.1bn worth of locally sourced auto parts in 2021 to meet its production targets for the year which will also revive the local automotive industry as well as contribute to the Malaysian economy. 


($1 = MYR4.1209921)

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