It seems like the government’s post-Covid-19 economic recovery plan has certainly been effective – especially in the automotive sector. National carmaker Perodua has just posted its monthly sales figure for September, reporting a total of 25,035 vehicles sold – which is the highest-ever figure in all of its 26-year history.
The September figure is a 10.8% increase from August, where the company sold 22,604 units. Combining that with 23,203 units sold in July 2020, Perodua has achieved a sales figure of 70,842 units in the third quarter of 2020 – a 13,870 unit or 24.3% increase over the 56,972 units from the same period last year.
In the first nine months, Perodua managed to move a total of 145,012 units, which is 69.1% of its target to sell 210,000 vehicles in 2020. The company initially set a target of 240,000 units for the year, though it has since been revised due to the ongoing Covid-19 pandemic which is currently seeing a new spike in infection rates in the country.
In order to meet the strong demand, Perodua says that it is is also increasing production at both its assembly plants in Sungai Choh, Rawang. However, the figure is likely to not rise too much further than current numbers, as the current production rate of around 25,000 units per month is already nearing 99% of its overall production capacity, according to CEO Datuk Zainal Abidin Ahmad.
The sales performance figures were published by UMW Holdings, which holds a 38% stake in the national carmaker. Acting President and Group CEO, Azmin Che Yusoff cited the sales tax exemptions as one of the reasons for the encouraging results: “We are thankful to the government for introducing economic stimulus packages and for implementing the sales tax exemption to boost the automotive industry in Malaysia. We are confident that the strong sales momentum will continue into the final quarter of the year.”