Perodua On Track To Meet 2023 Sales And Production Targets

Perodua President and Chief Executive Officer, Dato’ Sri Zainal Abidin Ahmad said that the company is on track to meet its 2023 sales and production targets of 314,000 and 330,000 vehicles respectively due to the ongoing improvement in production efficiency.

In the first 6 months of the year, Perodua has produced a total of 153,813 vehicles, which is a 17% increase compared with the 131,641 vehicles made in the same period of 2022. This achievement has resulted in a 13.6% increase in vehicle registration on a year-on-year comparison i.e. 144,690 vehicles, versus 127,343 sold in the first half of last year.

Topping Perodua’s sales chart this year is the Bezza sedan, which saw a total of 40,555 units registered between January and June. This is followed by the Myvi with 32,319 units, and the Perodua Axia with 28,199 units.

“The higher production and sales performances for the first half of 2023 were due to better supply of parts as well as improved production efficiency at our manufacturing plant,” Perodua President and Chief Executive Officer, Dato’ Sri Zainal Abidin Ahmad said.

“Among the notable improvements we have made include the faster tact time (the time it takes to produce a vehicle) from 1.35 minutes to 1.25 minutes at our Perodua Global Manufacturing plant (PGMSB),” he added.

On a quarter-to-quarter comparison, Perodua produced 69,013 vehicles in 2Q23, an increase of 1% from 68,316 vehicles in the same period last year. According to Dato’ Sri Zainal, the bulk of the production performance of this year so far was achieved in the first quarter of 2023 as Perodua went all out to meet its PENJANA obligations. For the 2Q23, Perodua registered 66,126 vehicles, slightly higher than the 65,719 vehicles in the same period of 2022.

“Looking ahead, we expect both production and sales to continue their uptrend as demand for our vehicles remain healthy,” Dato’ Sri Zainal said. “For example, our recently launched Axia E was well received and our ready stock of 2,500 vehicles were completely distributed within 48 hours,” he said. Dato’ Sri Zainal added that while existing bookings were encouraging, there are potential challenges ahead, ranging from the risk of higher financing costs as well as intermittent supply shortages.

“These challenges notwithstanding, we stand firm on our targets, and we thank our valued customers for their support and patience. Our top priority is to continue reducing our customers’ waiting time as well as further improve our service quality,” he said. “We also thank Bank Negara Malaysia for keeping the overnight policy rate steady at 3% as this would help to ease financing cost of our customers, who consist of lower income earners,” Dato’ Sri Zainal said.