Perodua Anticipates Record Sales in 2024 as Market Leader

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Automotive News

Perodua,Record Sales,Malaysia

With sales projections indicating a 7% increase, Perodua aims for another record-breaking year in 2024. The company's CEO anticipates achieving a 44% market share in Malaysia’s car industry, reflecting a strong position in the ASEAN region.

Perodua on track for record sales in 2024 – 353,000 units, up 7%, est market share of 44% vs 800k TIVPerodua has been extremely quiet this year. Usually, people hide in the cave when they are embarrassed , so if you apply the normal logic, things probably aren’t going great over at Rawang and there’s nothing to shout about., president and CEO Datuk Seri Zainal Abidin Ahmad said that the carmaker is on track for another record year of sales.

With almost a month to go, Perodua is looking at sales of around 353,000 units this year, barring any unfortunate events. As the company typically sells everything it produces with minimal stock hanging around, total production volume for 2024 is estimated to be around 364,000 units., which by the way, was a record back then. So, if they hit 353,000 units come December 31, it would be nearly 7% higher than the stated target.

Zainal expects Malaysia’s 2024 total industry volume to be close to last year’s level, which is around 800,000 units. If we take the Perodua’s projected 353,000 units against an 800k TIV, market share for the perennial market leader would be 44.1% of the pie. It has beenBy the way, Perodua was the third largest car manufacturer in ASEAN in 2023. With improved figures for 2024, it could very well maintain that position this year.

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