KUALA LUMPUR: The total industry volume (TIV) for the automotive industry is expected to grow 2.3% to 590,000 units in 2018 from 576,635 last year, in line with the nation's higher projected economic growth of five to 5.5%.
Malaysian Automotive Association (MAA) president Datuk Aishah Ahmad said this was supported by global growth, which is expected to increase from 3.6% in 2017 to 3.9% this year based on the International Monetary Fund's forecast.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!