The International Trade and Industry Ministry said the forecasted contribution is in line with its projection of total production volume of 1.47 million vehicles and total industry volume of 1.22 million vehicles by 2030.
He said the National Automotive Vision was developed as the overarching driver of the NAP2020, and subsequent policies to ensure Malaysia progresses in tandem with global demand. Darell said the NAP2020 is a holistic policy that covers the comprehensive development of industry capacities including supply chain, human capital, indigenous technology, aftermarket, exports, infrastructure readiness, standards and regulations.
The NAP2020 is forecast to create a total of 323,000 new job opportunities primarily in the manufacturing, after-market and MaaS sectors within 10 years.
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