UMW Holdings Bhd's plan to introduce a new multipurpose vehicle (MPV) this year and a sports utility vehicle (SUV) next year under the Toyota marque will widen the group's product range and eventually boost sales, said K&N Kenanga Research in its analysis on the motoring group.
UMW is expected to launch the six-seater Toyota Avanza next month. The 1-litre and 1.3-litre version will be competitively priced at below RM60,000 compared with the initial indicative price of close to RM70,000.