RAWANG, May 14 — Perodua has projected Malaysia’s automotive total industry volume (TIV) to be about one million by 2030.
President and CEO Datuk Sri Zainal Abidin Ahmad said: “We think by 2030, 20 per cent of the total volume will be electric vehicles (EVs) or XEV, which includes hybrids,” he said at a press conference in conjunction with Japan Ambassador to Malaysia Noriyuki Shikata’s Perodua factory tour here today.
XEV is a collective industrial term for all types of electrified vehicles.
He pointed out that car buyers replacing their vehicles are projected to constitute about 40 per cent of the total car market, and first-time buyers about 30 per cent.
“First-time car buyers will be from the younger generation,” he added.
He said Perodua will strive to maintain its 45 per cent market share of the total car market.
“We hope to set Malaysia as a base country for Daihatsu for future expansion. We can learn from Daihatsu and do a full upper body design,” according to Zainal Abidin.
He encouraged companies from Japan to invest more in Malaysia and to produce their final products here. This will help address supply chain issues regarding vehicle parts.
Japanese compact car company Daihatsu holds a 20 per cent share in Perodua. — Bernama
Malay Mail – Money
📈 Looking for Ways to Grow Your Savings?
After budgeting or planning your property expenses, explore smarter investing options like REITs and stocks for long-term growth.
📈 Start Trading Smarter with moomoo Malaysia →(Sponsored — Trade REITs & stocks with professional tools)
