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

Malaysian auto manufacturer Perodua’s auto sales in March 2021 stood at d 24,433 units, up by 47.3pc as compared to 16,583 units sold in the prior month (Feb 2021), underpinned by strong demand, the company informed in a statement.

In the first quarter of the year (Jan-Mar, 2021), the company vehicle sales grew by 29pc to 58,000 units as compared to 44,977 units sold in the prior-year period.

Perodua said that it also increased production in Q1 to meet the demand for all its models, especially the newly launched Perodua Ativa.

The company’s auto production in the Jan-Mar period stood at 60,383 units, up by 23pc from 49,280 units produced in the same period in 2020. It said that its biggest challenge is the shortage of semiconductor chips which is having varying impacts on carmakers on a global scale.

Despite the semiconductor issue, the company will still be able to meet its initial 2021 annual auto sales target of 240,000 units.

Perodua has increased its 2021 annual production target by 23pc to 272,000 units as compared to 220,968 units produced in 2020. It also aims to increase its annual sales by 9pc from 220,163 units sold in 2020. It is expected to purchase MYR6.5bn worth of locally sourced components in 2021.


($1 = MYR4.1372421)


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