PETALING JAYA: Frost & Sullivan expects flat growth for the local automotive sector in 2020, as ongoing global headwinds and repeated postponement of the National Automative Policy (NAP) may create uncertainty and affect consumer sentiment.
According to Frost & Sullivan mobility senior vice-president and associate partner Vivek Vaidya, vehicle sales are projected to grow 1% to 608,790 units this year.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!