KUALA LUMPUR, Feb 16 — Sime Darby Bhd expects demand for its luxury cars to remain strong in its markets despite the uncertainty amid the Covid-19 endemic phase.
However, he said the group is experiencing some supply constraints in the automotive sector such as shortages of chips, whereby its manufacturers in Germany rely on chips, namely from South Korea, Malaysia and Taiwan to produce the vehicles. “Generally, despite the constraint, I still think we should be able to get enough volume of cars for selling to the market,” he said.
Commenting on the impact of the Sales and Services Tax exemption for new vehicles that would end on June 30, 2022, he said the people are now still rushing to purchase vehicles before the deadline.
Source: Car News Wire (carnewswire.net)
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