PETALING JAYA: The country’s automotive sector is expected to remain more subdued this year after two years of record-high total industry volume (TIV) as order backlogs have been declining.
“The lack of catalysts to continue the record-high TIV streak for the third successive year points to a cyclical downturn for the sector in 2024. Hence, we remain ‘neutral’ on the sector,” said RHB Research in a note.
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