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PETALING JAYA: The Malaysian automotive industry is poised for a stronger recovery in 2022, backed by the steady vehicle sales momentum that has been picking up since the reopening of the economy.
Kenanga Research in a report yesterday said it was maintaining its 2021 total industry volume (TIV) target of 505,000 units and expects total vehicle sales to grow by 19% to 600,000 units in 2022.
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