- UMW Toyota Motor sold 7,509 units in July 2020
- Perodua registered sales of 23,203 units in July 2020


KUALA LUMPUR, Aug 5 (Bernama) -- Spearheaded by its Automotive segment following encouraging sales achieved by UMW Toyota Motor (UMWT) and its 38%-associate company Perodua in July, UMW Holdings Berhad is looking forward to an improved financial performance in the second half of 2020.  The Group’s automotive market share is estimated at 52% in July, higher than the 51.4% registered in 2019.  The improved sales in the month of July was mainly due to the sales tax exemption announced by the government on 5 June, effective from 15 June to 31 December 2020.
 
UMWT sold 7,509 units in July, its highest for the year, 70.0% more than the 4,417 units registered in June.  Toyota Vios continues to be its best-selling model in July, contributing about 34% of its total sales.  Earlier in June, UMWT introduced the all-new 5^th generation Toyota RAV4, a fully-imported Sports Utility Vehicle (SUV) from Japan.
 
Meanwhile, July marked Perodua’s highest monthly sales for the year, with registered sales of 23,203 vehicles, a 9.2% increase from the 21,250 units sold in June.  Perodua is also increasing production at both its assembly plants to meet the strong demand.
 
UMW Holdings Berhad Acting President and Group CEO, Azmin bin Che Yusoff said, “Both UMWT and Perodua staged a strong recovery following disruptions to sales earlier this year due to Covid-19, and we are encouraged by the promising sales registered by both UMWT and Perodua in July.  We are also thankful to the government for introducing economic stimulus packages and implementing sales tax exemption to boost the automotive industry in Malaysia.  With these measures in place, we are confident of achieving our sales targets for the year.”
 
Consistent with the increase in vehicle sales, the Group’s Manufacturing & Engineering (M&E) segment is also seeing rising demand for auto components and lubricants from both the OEM and REM markets.  Its lubricants business in China has returned to pre-Covid-19 level.          
 
About UMW
 
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in three core business segments – Automotive, Equipment and Manufacturing & Engineering.  The Group operates in 8 countries and has over 7,500 employees.

Adopting its rallying call – Beyond Boundaries®, UMW strives to play a leading role in shaping the future of its industries.  The Company will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of all its stakeholders.

SOURCE : UMW Corporation Sdn. Bhd.
 
FOR MORE INFORMATION, PLEASE CONTACT:
Name : S Vikneshwaran
General Manager – Investor & Media Relations
UMW Corporation Sdn. Bhd.
Tel : +603 2025 2104 / +6019 850 5799
Email : vikneshwaran.s@umw.com.my
 
--BERNAMA