Auto sector in Malaysia to remain challenging

  • Business Premium
  • Thursday, 08 Oct 2015

PETALING JAYA: The local automotive industry is expected to remain challenging for car companies for the remainder of 2015, on the back of prolonged tightening of banks’ hire-purchase rules and slowdown in the Malaysian economy.

In a research report yesterday, Hong Leong Investment Bank (HLIB) said the jump in fuel prices, interest rates and depreciation in the ringgit would also have an impact on local auto players.

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