Kenanga slashes TIV target for auto sector


KUALA LUMPUR: Malaysia's automotive sector is expected to register minimal sales in July given the ongoing shutdown of automotive centres in Kuala Lumpur and Selangor, which make up more than half of total industry volume (TIV).

Kenanga Research lowered its TIV target for 2021 to 460,000 units, which is 13% lower compared to 2020, from its initial projection of 545,000 units.

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Kenanga research , automotive , TIV

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