Perodua to further cut production cost by 20%

PERUSAHAAN Otomobil Kedua Sdn Bhd (Perodua) is to reduce production cost by another 20% through further localisation of parts and components, said managing director Hafiz Syed Abu Bakar. 

He said the need to push cost down further had prompted Perodua to produce Myvi, its sixth and latest model with 80% local content right from the beginning. The Kancil, its first car, took almost seven years to achieve 85% local content.