UMW’S automotive business on track to meet full-year target | Malay Mail

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KUALA LUMPUR, Dec 10 — UMW Holdings Bhd’s automotive segment is on track to meet its full-year sales target supported by strong sales in November 2020 by both subsidiary UMW Toyota Motor Sdn Bhd (UMWT) and associate company Perusahaan Otomobil Kedua Sdn Bhd (Perodua). In a statement today, the...

UMW said Myvi continues to be the marque’s best-seller year-to-date, followed closely by the Axia and Bezza. — Bernama pic

In a statement today, the group said the automotive segment had steadily recovered from the adverse impact of the Covid-19 containment measures earlier this year with demand boosted by the sales tax exemption incentive announced by the government, effective from June 15 to December 31, 2020. “For the first 11 months this year, Perodua has sold 194,983 units. The Myvi continues to be the marque’s best-seller year-to-date, followed closely by the Axia and Bezza,” it said.

President and group chief executive officer Datuk Ahmad Fuaad Kenali said the group continued to sustain strong sales momentum thanked to the sales tax exemption implemented by the government to spur the local automotive industry following disruptions caused by the Covid-19 pandemic.

 

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