Automotive Industry In Malaysia

Automotive industry in malaysia last updated september 18 2020.

Automotive industry in malaysia. Today there are more than 690 automotive component manufacturers producing a wide range of components such as body panels brake parts engine parts transmission and steering parts rubber parts a nd el. With a sales volume of about 604 thousand motor vehicles the malaysian automotive industry has already reached a certain level of saturation the sales market in malaysia with its approximately. One of the newest sectors of malaysia is the defense industry which was established recently in 1999. One of malaysia s leading automotive manufacturer deftech is responsible for making armored cars and special vehicles for the malaysian army.

1 the malaysian automotive industry is the third largest in southeast asia and the 23rd largest in the world with an annual production output of over 500 000 vehicles the automotive industry contributes 4 or rm 40. There are 27 manufacturing and assembly plants in malaysia producing. The malaysian automotive industry is the third largest in southeast asia and the 23rd largest in the world with an annual production output of over 500 000 vehicles the automotive industry contributes 4 or rm 40 billion to malaysia s gdp and employs a workforce of over 700 000. Automotive industry the malaysian automotive industry is an important and strategic part of our manufacturing sector.

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. The malaysian automotive association maa was established in november 1960. Since the inception of the national automotive industry with the formation of perusahaan otomobil nasional sdn bhd proton in 1983 the automotive industry has become an important sector for malaysia.

However as claimed by 3 automotive industry in malaysia is lack of marketing capability and weak in technological due to failure in industrial upgrading and global competitiveness. The automotive industry in malaysia consists of 27 vehicle producers and over 640 component manufacturers. On its own the automotive sector continues to improve demonstrating growth in many segments within the sector. The overall automotive industry and related sectors employ around 710 000 people and contributes almost rm30 billion to malaysia s gdp.