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    MALAYSIAN AUTOMOTIVE MARKET TO ACCELERATE IN 2021
TO REACH 600,000 UNITS
 
       
    Malaysian Automotive Association (MAA) president Datuk Aishah Ahmad said that the automotive sector will improve based on the government's GDP projection and car sales in the first-half of 2021 will likely be stronger due to the extension of sales tax exemption for new vehicles.
 
       
    Maybank IB Research which retains its “positive” stance on the automotive sector expects 2021’s TIV to drive closer to 600,000 units (average 50,000 units/ month) in 2021 which represent a 8% growth, fuelled by the SST effect and new launches.  
       
     
       
    Energy Efficient Vehicles (EEV) remains the key growth volume driver in line with the Government’s National Automotive Policy (NAP). In the meantime, major brands are moving towards launching more hybrid and EV models as the global market transition from ICE vehicles.  
       
    EVM ASIA 2021 – Malaysia’s International Hybrid, Electric, Energy Efficient Vehicles, Manufacturing Technology and Auto Parts Exhibition, which will be held from 16-18 August 2021 at MITEC, Kuala Lumpur will be the biggest showcase of its kind in the region. Major brand including ABB, GoAuto, Haval, Higer, Huawei, Hitachi, Proton, Nissan/Tan Chong, Schneider, Tesla, Tenaga Nasional Berhad and Toyota are among the 200 exhibiting companies that will display the latest vehicles, charging technology, mobility solutions and auto parts.  
       
    EVM ASIA 2021 is held in partnership with MARii, MIGHT and MIDA. To see how you can benefit from the Expo, contact Ms Linda at linda@ambtarsus.com today.  
       
       
       
       
       
 
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