July 19, 2024


The ideal Automotive

UMW Group’s vehicle sales up 35personal computer in Q1 | Income

A worker sets up a display near the Toyota booth in preparation for the 2014 Consumer Electronics Show (CES) at the Las Vegas Convention Centre in Las Vegas January 4, 2014. ― Reuters pic
A employee sets up a screen around the Toyota booth in planning for the 2014 Buyer Electronics Demonstrate (CES) at the Las Vegas Convention Centre in Las Vegas January 4, 2014. ― Reuters pic

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KUALA LUMPUR, April 15 — UMW Group’s automotive gross sales surged by 35 for each cent to 74,911 motor vehicles in the initially quarter of 2021, with both of those UMW Toyota Motor (UMWT) and its associate enterprise, Perodua, registering higher profits.

In a assertion right now, the team claimed product sales quantity climbed steadily generally because of to new product introductions, as very well as the sales tax exemption which is in place until finally June 30, 2021.

Income for UMWT enhanced by 60.6 for every cent to 17,000 models for the initially quarter of 2021 as opposed with 10,583 units in the identical quarter of 2020, supported by the start of new and enhanced designs.

In the meantime, Perodua profits rose by 28.8 for each cent to 57,911 models in comparison with 44,977 units in the corresponding quarter of 2020, as generation elevated to meet up with desire for all its models, specially the freshly-launched Perodua Ativa.

“The surge in revenue in March was underpinned by robust need, particularly for the Ativa, which has collected 14,574 bookings considering the fact that order-using started on Feb 19, way in advance of its 3,000-unit month to month target for the model,” the group claimed.

UMW Holdings Bhd president and team chief govt officer Datuk Ahmad Fuaad Kenali expects the income growth momentum to continue on in the 2nd quarter of the calendar year, supported by backlog of orders for both UMWT and Perodua, as well as the income tax exemption. — Bernama