Malaysia’s automotive industry revving up for a better ride in 2019 with the launch of new vehicles under local brands and improved total industry volume, driven by heightened demand and a recovery in consumer sentiments.With a workforce of more than 600,000, the industry contributed 4 percent approximately around RM40 billion to Malaysia’s gross domestic product (GDP). The workforce that contribute in automotive industry are including, 27 vehicles manufacturers (OEMs), an estimated 53,000 aftermarket establishments, and about 700 parts and components suppliers. According to Deputy Minister of International Trade and Industry (MITI) Dr Ong Kian Ming, he stated that the automotive industry remains a catalyst towards developing a Malaysian workforce that is adept in technology and high value processes, compatible with the capabilities of advanced nations of the world. He also stated that the entire ecosystem now must further transform to meet changing demand for future automotive products and services. Industry observer becomes optimistic on Malaysia’s automotive scene due to possibilities of better sales with new policies set to take place this year.
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