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.
“We are indeed grateful to our customers for their strong support of our products and services, especially for the newly-launched models.
“Moving forward, both UMWT and Perodua will continue to introduce new and improved models and deliver superior after-sales services to meet our customers’ expectations.
“However, we are cognisant of the global shortage of semiconductor chips affecting the automotive industry. To manage this, we are working closely with our principals and suppliers to mitigate the impact on our planned production,” he said.
In the first quarter, UMW said both UMWT and its associate company, Perodua, registered higher sales.
UMW said sales volume for the group climbed steadily mainly due to new model introductions as well as the sales tax exemption which is in place until June 30.
“Supported by the launch of new and improved models, UMWT sales increased by 60.6% to 17,000 units for the first quarter of 2021 compared with 10,583 units registered in the same quarter of 2020,” it said, adding that UMWT introduced the all-new Toyota Corolla Cross on March 25.
The new Corolla Cross is a CBU model from Thailand and is available in two variants – Corolla Cross 1.8G and Corolla Cross 1.8V.
They are priced from RM124,000 (with sales tax exemption until June 30) to RM134,000 (without sales tax exemption) in Peninsular Malaysia without insurance. Local assembly is expected to start in the second half of the year.
Meanwhile, Perodua sales rose by 28.8% to 57,911 units in the first quarter compared with 44,977 units sold in the corresponding quarter of 2020, as production increased to meet demand for all its models, especially the newly-launched Perodua Ativa.
The surge in sales in March was underpinned by strong demand, particularly for the Ativa, which has collected 14,574 bookings since order-taking began on Feb 19, way ahead of its 3,000-unit monthly target for the model.