First, the good news. Malaysia’s automotive industry saw total industry volume (TIV) surge to an all-time high of 799,731 units in 2023, up 10.9% year-on-year (y-o-y) from 721,177 units in 2022.
UMW Toyota Sdn Bhd (UMWT) has wrapped up 2023 with record sales, well above its target of delivering 93,000 vehicles for the year and 7% year-on-year jump from the 101,035 units delivered in 2022.
Eco World Development Group Bhd (EcoWorld Malaysia) achieved RM3.61bil in sales for the financial year ended Oct 31, 2023 (FY23), exceeding its sales target of RM3.5bil.