Kenanga Forecasts Automotive Industry Growth to 805,000 Units by 2025

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AUTOMOTIVE INDUSTRY,GROWTH,FORECAST

Kenanga Investment Bank Bhd. predicts a growth in the automotive industry volume (TIV) to 805,000 units by 2025, a slight increase from the estimated 800,000 units this year. The bank attributes this growth to several factors, including increased contributions from the affordable segment, the launch of new attractive models replacing older generations, and a shift towards fuel-efficient vehicles like hybrids, BEVs, and EEVs. Additionally, the growing market share of Chinese car manufacturers through localization production programs, such as Jaecoo & Chery from the Chery Shah Alam assembly plant and Great Wall Motor (GWM) and BAIC from the EP Manufacturing Bhd (EPMB) Melaka plant, are expected to contribute to the growth.

PETALING JAYA: Kenanga Investment Bank Bhd. mengunjurkan jumlah volum industri sektor automotif berkembang kepada 805,000 unit pada 2025, peningkatan kecil daripada anggaran 800,000 unit pada tahun ini.

Katanya, turut memacu pertumbuhan adalah trend menurun oleh pembeli pasaran pertengahan di tengah-tengah rasionalisasi subsidi bahan api terhadap kenderaan cekap bahan api yang termasuk hibrid , kenderaan elektrik bateri dan kenderaan cekap tenaga , Kenanga berkata, pengumuman rasmi penangguhan peraturan duti eksais baharu dijangka menjelang akhir 2024 untuk mengelakkan kenaikan mendadak dalam inflasi kerana rasionalisasi subsidi bahan api RON95 sudah ditetapkan akan berlangsung pada Jun 2025.

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