Perodua 1Q22 up 6.4% due to improved supply management

Kuala Lumpur, 5th April 2022 - Perodua posted a heathy growth in the first quarter of 2022 with 61,624 vehicles registered, marking an increase of 6.4% from 57,909 vehicles sold between January and March of 2021.

Perodua President and Chief Executive Officer, Dato’ Zainal Abidin Ahmad said the impact of Covid-19 and component supply issues are still present, however, the auto company was able to work with its suppliers and dealers to lessen their impact.

“Our focus is now to expedite the vehicles delivery to our customers before the sales tax exemption deadline ends on 30 June 2022.

“That being said, Perodua also echoes MAA’s (Malaysia Automotive Association) request to further extend the sales tax exemption as factors such as the global semiconductor supply disruption and Covid-19 cases are still impacting the industry,” he said.

Dato’ Zainal said that the automotive industry, including its local ecosystem thanks the government for the initiative (sales tax exemption) as it was able to keep demand high and sustain the industry throughout the worst of the pandemic.

“Right now, the local automotive ecosystem is starting to recover and an extension in the sales tax exemption is what the industry needs for sustained growth during this recovery period,” Dato’ Zainal said.

On a month-on-month comparison, Perodua registered 26,759 vehicles in March 2022, a 9.5% increase from 24,433 units sold in March 2021. While compared with February 2022, sales jumped 53.2% from 17,421 units registered a month before.

Perodua’s highest monthly sales achievement was recorded in October 2021 with 27,858 units registered.

“Moving forward, we foresee the second quarter of 2022 to be the highlight for the automotive industry as brands will deliver as many vehicles as they can within that three-month period.”

“While semiconductor chip supply and Covid-19 would still influence production, we expect that production and registration will continue to improve. We do not foresee other factors such as the conflict between Russia and Ukraine to have a major impact on Perodua’s production moving forward.”

“Based on these factors, we are maintaining our 247,000 sales target for this year,” Dato’ Zainal said.