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INGRESS Corp Bhd is one of the early players in the components industry to benefit from the national car manufacturers Proton and Perodua. Executive vice-chairman Rameli Musa spoke to i>StarBiz/isenior writer HASNI MOHD NASIR on the outlook for his company and Malaysia's position, in view of Afta.
Components maker Ingress Corp Bhd is setting up its third plant in Thailand, spurred by the robust auto market in the country.
DESPITE increasing demand for motor vehicles this year, K N Kenanga Bhd continues to maintain its neutral stance on the auto sector, saying that auto companies would have their share of problems in terms of increased competition, higher effective tax rate and raw material costs.
THE Wira Replacement Model (WRM) fitted with the Campro (Camshaft Profile) engine developed by Perusahaan Otomobil Nasional Bhd (Proton) is expected to be launched 'any time now', to be followed by the Satria Replacement Model (SRM) and Tiara Replacement Model (TRM) in the second half of the year, Proton chief executive officer Tan Sri Tengku Mahaleel Tengku Ariff said.
THE atmosphere surrounding the used car industry, which until a month ago had been in the doldrums, has really changed. Buyers had kept delaying purchases in anticipation of cheaper new cars, but with the announcement of the new car tariffs, prices of new cars are expected to go up, not down.
Perusahaan Otomobil Nasional Bhd (Proton) will have to tread a fine line in its marketing drive this year in view of the new duty structure for the motor industry, which will eventually increase the price of national cars.