Auto sector back in high gear

For this year, MAA projects TIV to grow 8% to 570,000, on the back of the renewed sales tax exemption and stronger economic recovery.

PETALING JAYA: Total vehicle sales rose 4% year-on-year to 42,784 units in February, spurred by increased traffic volumes to showrooms during the month following the lifting of the movement control order (MCO) in certain states.

The Malaysian Automotive Association (MAA) said in a statement that sales volume in February was 30% higher month-on-month compared with January.