Malaysian Automotive Institute sees local carmakers gaining market share

Perodua Vivas lined up for sale. Proton and Perodua are expected to continue improving their market shares against foreign rivals next year.

PETALING JAYA: The Malaysian Automotive Institute (MAI) expects Proton Holdings Bhd and Perusahaan Otomobil Kedua Sdn Bhd (Perodua) to continue improving their market shares against foreign rivals next year.

The Government-backed institute, however, said that it was reviewing its car sales forecast for 2015 for release next month, after it took into account the impact of falling oil prices, the weaker ringgit against the US dollar and the implementation of the goods and services tax (GST).