Automotive Industry In Malaysia 2019

The automotive industry in malaysia consists of 27 vehicle producers and over 640 component manufacturers.

Automotive industry in malaysia 2019. However in 2019 the malaysian automotive manufacturers managed to increase their market share and ended the year on the first and second rank among the bestselling car brands in the country. Vehicle demand in malaysia registered growth of 1 per cent in 2019 due to strong performance of new model launches in the suv segments notably proton x70. 2 april 2019 kuala lumpur the localisation programme for automotive industry 2019 with the theme local2global organised by the malaysian investment development authority mida in collaboration with the malaysian automotive association maa at mida headquarters today received an encouraging response from the automotive industry players. Malaysia is the third largest producer of and market for motor vehicles excluding motorcycles in the asean region behind thailand and indonesia.

Malaysia automotive industry analysis data and forecasts from the eiu to support industry executives decision making. The malaysian automotive association maa was established in november 1960. Over the years maa had grown and assumed a much greater role encompassing both the trade as well as the manufacturing aspects of the industry. In a briefing on the overview of the malaysian automotive sector in 2018 by malaysia automotive robotics and iot institute marii it was revealed that automotive exports saw significant gains and even reached record figures.

Including motorcycles the motor vehicle industry is dominated by passenger vehicles which represented 53 5 and 52 7 of total production and sales respectively in 2016. Malaysian new car sales increase 13 8 in december increase 1 0 for 2019 on january 22 malaysian automotive association maa announced that new car sales of 54 842 units in december increased 13 8.