KUALA LUMPUR: UMW Holdings Bhd
, which saw its automotive sales surged 35% in the first quarter of 2021, expects the momentum to continue in the second quarter.
“We expect the sales growth momentum to continue in the second quarter of the year supported by the backlog of orders for both UMW Toyota Motor (UMWT) and Perodua as well as the sales tax exemption,” UMW Holdings president and group chief executive officer Datuk Ahmad Fuaad Mohd Kenali said in a statement.
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