Perodua raises 2023 production target to 338,000 units

07 Nov 2023

Perusahaan Otomobil Kedua Sdn Bhd (Perodua) has revised its production target to 338,000 units, supported by improved parts supply by auto vendors and healthy demand for its vehicles.

The increased production will also translate to a higher sales volume of 325,000 vehicles by end-2023, said the car manufacturer in a statement.

This marked an increase from the production target of 330,000 units and a sales target of 314,000 vehicles it announced in January 2023.

“This month saw our highest ever production and sales performances of 35,111 units made and 33,836 units registered in a single month,” said Perodua president and CEO Datuk Sri Zainal Abidin Ahmad.

He said the increase in production was achieved with available resources within current automotive ecosystem, hinting at its growth potential for both demand and supply side of the industry.

While some issues remain such as the long-term availability of semiconductor chips, Zainal said the carmaker is able to secure enough so that its fourth-quarter performance will be a historic best.

“If this momentum continues, then the automotive industry might be able to sustain such growth in 2024, which would further help boost the consumer sentiment despite the economic uncertainties next year,” Zainal said.

“For now, we are focusing on maximising our potential in both production and sales so that our customers will receive their Perodua vehicles faster,” he added.

Source: The Star