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Malaysia’s Top Carmaker Trims Sales Forecast
Malaysia’s largest vehicle assembler predicts its sales this year will drop more than 2% to 202,000 units as the country struggles with a cooling economy, The Nikkei reports.
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Malaysia’s largest vehicle assembler predicts its sales this year will drop more than 2% to 202,000 units as the country struggles with a cooling economy, The Nikkei reports.
Perusahaan Otomobil Kedua (Perodua) controlled nearly 36% of the Malaysian car maker last year. CEO Aminar Rashid Salleh says the venture hopes to increase revenue in 2017 by focusing on aftermarket sales.
Car sales in Malaysia fell about 14% last year. December results have not been announced yet, but analysts doubt carmakers reached their sales goal of 580,000 deliveries.
Perodua has capacity to assemble 350,000 vehicles per year. Its model lineup consists of the Alza seven-passenger minivan, Axia and Myvi five-door mini-hatches and Bezza small sedan.
The company is owned by UMW Holdings (38%), Daihatsu Motor (25%), MBM Resources (20%), PNB Equity (10%) and Mitsui & Co. (7%).
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