May 24, 2022

Alice-in-chains

Automotive forever

UMW Group’s automotive product sales additional than double

KUALA LUMPUR: Even with the complicated environment, UMW Group doubled its automotive income to 25, 568 units in May well this year in comparison with 11, 342 units recorded in May well 2020.

The team claimed profits soared for the two UMW Toyota Motor (UMWT) and its unit Perodua, driven by new model introduction, festive strategies and the profits tax exemption despite the worldwide scarcity of semiconductor chips.

It extra that UMWT gross sales jumped 120% to 7, 595 units very last thirty day period from 3, 456 units a calendar year in the past.

“Toyota Vios, Yaris and Hilux ongoing to be UMWT’s greatest-advertising types, cumulatively contributing 78% of complete revenue for the month of Might 2021.

“The all-new Toyota Corolla Cross and Harrier, and the enhanced Fortuner and Innova also contributed positively to UMWT’s product sales in May perhaps, ” the team claimed in a statement.

In the to start with five months of this 12 months, UMWT recorded revenue of 34, 026 autos, higher than 14, 052 units registered in the corresponding period of time a year back that was impacted by the first round of movement regulate order.

Total, the group mentioned UMWT aims to provide 62, 000 units this 12 months.

Meanwhile, Perodua recorded 17, 973 units in May possibly from 7, 886 units a year ago.

Perodua AtivaPerodua Ativa

Nonetheless, the product sales recorded last thirty day period was lessen than 20, 399 units attained in April 2021, mostly thanks to the chips scarcity.

“Nevertheless, the demand from customers remains strong for all Perodua designs. On top of that, Perodua in Might released the refreshed Aruz, which provides added ease and a new color but maintained the model’s providing price tag, ” UMW reported.

For the very first five months of this calendar year, it explained Perodua’s revenue surged 82% to 96, 281 from 52, 920 units a yr back.

For this year, Perodua is on track to reach its concentrate on of providing 240, 000 units.

UMW Holdings Bhd president and team main govt officer Datuk Ahmad Fuaad Kenali claimed the demand from customers for each UMWT and Perodua cars stay solid, with both of those marques continuing to register healthy revenue.

“However, the chips lack has impacted Perodua’s production and it is discovering various signifies to conquer this issue.

“Both UMWT and Perodua have a balanced stage of excellent bookings that can be fulfilled at the time the chips problem is resolved, ” he added.

Shifting ahead, the group expects the automotive revenue momentum to carry on in spite of the lockdown.