Malaysia’s second national car company, Perodua, plans to spend MYR1.1bn (US$334m) completing a second plant and introducing new machinery and automation at its existing plant.
The company reported a 3.7% rise in sales to 196,100 units in 2013, for a 30% share of the local market. Vehicle output reached 207,100 units but exports were 20% lower at 8,000 units.
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The company expects production to fall to just under 204,000 units in 2014 with production restructuring affecting output. It expects domestic sales to increase just slightly to 197,000 units, while exports are expected to drop to 7,000 units.
Perodua forecasts the total Malaysian market will grow to 665,000 units this year so it expects to underperform the market slightly in 2014.
