Malaysian auto manufacturer Perodua aims to increase its vehicle sales target in 2021 by 9pc to 240,000 units from 220,163 units sold in 2020, the company said in a statement. It has decided to do so given the sustained and strong demand for its existing models and the extension of the sales tax exemption announced by the government till June 30, 2021.
The company said that 2021 will be the year of recovery for the company due to the extension of the sales tax exemption, recent COVID-19 vaccine developments, and all its models continuing to be in demand.
The carmaker is expected to purchase a record MYR6.5bn worth of locally-sourced components in 2021 due to the estimated recovery of its sales volume.
Perodua has increased its annual 2021 production target by 23pc to 272,000 units from 220,968 units manufactured in 2020 with all its models having over 90pc local auto parts. The company is the biggest buyer of automotive components in Malaysia. In 2019, the company sold 240,341 units.
($1 = MYR4.05274)