Proton's sales exceed 100,000 units end-Sept 2022

KUALA LUMPUR: National car maker, Proton Holdings Bhd has exceeded its 100,000 unit sales milestones in the third quarter of this year (Q3 2022), with 102,353 units sold in the first nine months of 2022 (9M2022), a jump of 40.2 per cent compared to 9M2021.

In a statement today, Proton said it saw another strong domestic and export sales month in September at 14,872 units, which brought its sales for Q3 2022 to 42,229 units, making it the best quarter for the year-to-date (YTD) and helping it smash through a key sales milestone.

"This makes it the fourth consecutive year that the 100,000-unit sales level has been exceeded and the achievement came two months earlier than in 2021,” it said.

Compared to its rivals, Proton remains second in the sales table with an estimated market share of 23.8 per cent in September.

"The overall Total Industry Volume (TIV) for September is estimated to have receded to approximately 62,500 units, the fourth best total of the year as the Malaysian automotive market continues its march towards posting its best sales year,” it said.

Deputy chief executive officer Roslan Abdullah said Proton’s performance in Q3 2022 was made possible by a combination of stability in production numbers as well as the continued strong appeal of its car models, especially for the 2022 Proton Saga and the Proton X50.

"Therefore, despite the poor start to the year, we are confident of achieving a double-digit sales growth for the fourth consecutive year," he said.

Aside from concentrating on sales growth, Roslan said the last quarter also saw Proton laying the groundwork for future growth.

"The General Distributorship Agreement with smart Automobile Co sets us up to sell electric vehicles from the brand starting in 2023, while the formation of PRO-NET crystalises PROTON’s commitment to developing and offering new energy vehicles in the future,” he said. - Bernama

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Proton , sales , Q3 , milestones , domestic , export 


Next In Business News

World stocks push pause ahead of U.S. payrolls
Ringgit strengthens further to 4.38 against US dollar, highest since June
Bursa Malaysia extends after-hours trading session for selected derivatives contracts to 2.30 am
UEM Sunrise disposes 17 parcels of land for RM75.5mil
Reservoir Link wins five solar contracts worth RM12.05mil
FBM KLCI finishes lower despite positive market breadth
CIMB introduces enhanced security measures
Gold slips; set for best week in three on smaller Fed rate-hike bets
Harn Len shareholders approve bonus shares
Asian shares fall ahead of U.S. payrolls data, dollar nurses losses

Others Also Read