Proton sales slump in April on chip supply issues

: Perusahaan Otomobil Nasional Bhd remains cautious on its production capacity amid chip supply issues and pressure from rising costs in the global car industry, said Proton Edar chief executive officer Roslan Abdullah.

“The situation is still uncertain for the rest of the year and the global car industry is under pressure from rising costs, but the company is working on counter measures against these issues to ensure our customers get the best products and value in Malaysia and abroad,” he said in a statement. “After two years of pandemic-affected sales, Malaysia’s automotive market continues to show strong growth potential in 2022, as evidenced by the long waiting list for new car deliveries.

Its sales for April slumped 41 per cent to 8,839 units compared to a year earlier, and down 32 per cent compared to March.

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