Sunday, May 15, 2011

Malaysia: Institute expects one million total vehicle sales by 2020

CYBERJAYA: The Malaysian automotive total industry volume (TIV) is projected to hit one million units by 2020, according to the Malaysia Automotive Institute (MAI).

“By 2020, I think we can hit a TIV of one million,” said chief executive officer Madani Sahari, adding that the forecast was in fact a conservative one, underpinned by inevitable factors that would spur the demand for vehicles in Malaysia over the next eight to nine years.