Auto players hopeful of recovery for rest of 2021

Bullish outlook: Proton is confident that the market will mount a strong recovery for the remainder of the year.

THE massive losses that the auto industry is suffering has come as a surprise to some. Early this week, the Malaysian Automotive Association (MAA) had put the estimated total losses for June and July 2021 for the industry to be over a whopping RM14bil.

It said this was largely based on the loss of sales of new vehicles in the domestic market.