Malaysia: record high sales of 615,000 vehicles expected in 2012
DRB-HICOM acquires control over Proton while Mazda, Subaru and VW begin production in Malaysia
In January 2012, the Malaysian Automotive Association (MAA) announced that Malaysia's new vehicle sales in 2012 are likely to set a record high of 615,000 units. In addition to the recovery of production capacities from the March quake in Japan and the floods in Thailand, local economy is growing steadily, which is likely to boost demand. However, the Association plans to review the forecast in mid-July this year since it is too early to evaluate the impact of the strict loan eligibility that was introduced in January.
In terms of local production by non-Malaysian automakers, Mazda began production in January 2011 and VW in March 2012. Fuji Heavy Industries (Subaru) will begin production in Malaysia in October 2012.
Among the national car manufacturers, the largest shareholder of the Proton changed from a government investment firm to a local conglomerate, DRB-HICOM. In June 2011, Perodua released the new Myvi, based on Daihatsu's new Boon.
Regarding Japanese automakers, Toyota plans to invest 1 billion ringgit in 2011-2013 to increase its production and sales capacities. Honda will introduce hybrid models more actively than before, taking advantage of the Malaysian government's tax exemption measures for HV and EV.
Among European automakers, PSA has local production plans with regard to the Peugeot 408 model for emerging markets. BMW has invested in Inokom's plant to increase production capacity. As for Chinese manufacturers, Great Wall Motors has formed an alliance with a Malaysian enterprise, Green Oranges, and started import sales of SUVs and pickup trucks.
Related report: Malaysia (September 2010)