Automotive Industry In Malaysia

The auto sector has been hit hard with overall q1 vehicle sales in asean5 indonesia malaysia philippines thailand and vietnam falling to 683 000 levels not seen in nearly a decade.

Automotive industry in malaysia. I believe that through a strong participation between all stakeholders the efforts towards enhancing the development of malaysia s automotive industry can be made possible. Over the years maa had grown and assumed a much greater role encompassing both the trade as well as the manufacturing aspects of the industry. We are certainly looking forward to seeing more investments in the industry that brings about the transfer of technologies and expertise creating new capacities and help contribute to the creation of high value jobs. These factors have further enhanced the attractiveness of malaysia as a base for global automotive manufacturers.

The automotive industry in malaysia consists of 27 vehicle producers and over 640 component manufacturers. Declines for the month of march are the most revealing with new vehicle sales plummeting around 40 yoy across asean and auto oems selling only 197 000 vehicles this compared to 328 000 a year earlier. There are 27 manufacturing and assembly plants in malaysia producing. The malaysian automotive association maa was established in november 1960.

The industry has boosted the development of engineering auxiliary and supporting industries and contributed to skills development and the upgrading of technological and engineering capabilities. With a sales volume of about 604 thousand motor vehicles the malaysian automotive industry has already reached a certain level of saturation the sales market in malaysia with its approximately. In 2014 the industry contributed about 4 of the country s gross domestic product gdp. The sector was hit hard by covid 19 but is already showing signs of recovery.

The overall automotive industry and related sectors employ around 710 000 people and contributes almost rm30 billion to malaysia s gdp. The malaysian automotive industry is the third largest in southeast asia and the 23rd largest in the world with an annual production output of over 500 000 vehicles the automotive industry contributes 4 or rm 40 billion to malaysia s gdp and employs a workforce of over 700 000. Automotive industry the malaysian automotive industry is an important and strategic part of our manufacturing sector. On its own the automotive sector continues to improve demonstrating growth in many segments within the sector.

Since the inception of the national automotive industry with the formation of perusahaan otomobil nasional sdn bhd proton in 1983 the automotive industry has become an important sector for malaysia.