In a statement yesterday, the Malaysian Automotive Association said sales during the month were also spurred by the rush for deliveries by companies with their financial year ending March 31, as well as Hari Raya-related promotional campaigns.
An analyst with a local bank-backed brokerage said sales for the month of March were within expectations. For the three-month period ended March 31, 2023, TIV rose to 192,474 units compared with 159,846 a year earlier.Earlier this month, Proton Holdings Bhd announced that its first-quarter 2023 sales soared 50.9% y-o-y to 40,287 units, with market share growing to an estimated 21.2%.
On a quarterly basis, Perodua said its production increased by 33.9% to 84,800 units compared with 63,325 units that were produced in the same quarter of 2022.
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