PENJANA Sales Tax Exemption Helped Perodua Exceed 2020 Sales Target

As of 31 December 2020, Perodua had recorded vehicle registration of 220,154 units. This number is 10,154 more than its projected sales of 210,000 units for 2020. The stronger performance can be mainly attributed to strong demand as consumers took advantage of the government’s sales tax exemption in the PENJANA initiative.

In 2020, Perodua had manufactured a total of 220,968 vehicles; the year also saw production temporarily interrupted between March and May due to the Movement Control Order (MCO).

“We thank all Malaysians for choosing Perodua and the government for extending the sales tax exemption under PENJANA to sustain the sales momentum which the automotive industry is now enjoying,” said Perodua President and Chief Executive Officer Dato’ Zainal Abidin Ahmad.

“Despite this, the tax exemption introduced in June 2020 succeeded in spurring car buyers’ interest that was able to sustain the players as well as the local automotive ecosystem”.

Dato’ Zainal said that the company’s sales achievement was better than expected. This performance has a direct positive impact on the Malaysian automotive ecosystem, helping independent parts suppliers and dealers weather the challenges in 2020.

“Perodua also hit the one million Energy-Efficient Vehicle (EEV) milestone in November 2020 – exactly two years after achieving the half-million – further solidifying our position as Malaysia’s largest EEV manufacturer,” said Dato’ Zainal.

“We look forward to a better year ahead as there are positive indications that the COVID-19 pandemic would be overcome with the recently-released vaccines. We will announce our 2021 targets and updates later,” he added.

Dato’ Zainal said that for now, Perodua will continue to fulfil outstanding orders and push for higher sales in 2021.

“We wish all Malaysians a safe, healthy and happy 2021. Perodua will never stop improving all aspects of our business to continue to satisfy and surpass all your mobility needs and wants, including continuing to push the fuel-efficiency envelope via advanced technology that will remain affordable,” said Dato’ Zainal.