Better showing: A Proton showroom in Shah Alam. The company reported higher vehicle sales for 2020 than its initial target.
PETALING JAYA: The green light given by the government for all automotive assembly plants covering vehicle and component manufacturing to continue operations, with the activity restored to the essential services list as at Jan 16,2021 is positive for the automotive industry.
Kenanga Research is expecting a stronger recovery in 2021 with a total industry volume (TIV) target of 585,000 units (14% increase year-on-year) even after factoring in cautious consumer sentiment under the second movement control order (MCO 2.0).
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