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After two consecutive quarters of declining sales, Malaysia's motor vehicle industry is showing signs of a pick-up. This is good news for those looking for possible signs of an economic recovery.
The launch of the Proton Exora will boost national carmaker Proton Holdings Bhd's sales, enhance competition in the multi-purpose vehicle (MPV) segment and lift the total industry volume (TIV), analysts said. The Exora, launched on Wednesday, is Malaysia's first locally produced MPV.