UMW expects auto segment to sustain performance

PETALING JAYA: UMW Holdings Bhd expects its automotive segment to continue performing well in the second half of 2023 (2H23) to meet the higher mobility needs as the economy continues to expand.

In a filing with Bursa Malaysia, the group said aggressive marketing campaigns, new model launches and faster delivery due to the improved supply chain environment will continue to sustain consumer buying interest and sales orders.