UMW Toyota Motor Welcomes New Measures Announced In National Automotive Policy 2020 (NAP)

UMW Toyota Motor welcomes the various new measures that the government will take in the National Automotive Policy (NAP), which was announcement earlier today by the Ministry of International Trade and Industry, to further develop the country’s automotive industry.

According to Ravindran K., President of UMW Toyota Motor Sdn Bhd, “We are pleased that the government has provided an updated ‘roadmap’ for the development of the industry and this will provide direction and guidance which will be of great value to forward planning, especially where investments in Malaysia are concerned”.

The introduction of the Next Generation Vehicle (NxGV) program provides another area to direct future product development for the Malaysian market. While UMWT is keen to support to be in line with the NAP 2020 objectives, when specifications and expectations are clear, it is also hoped that government will continue to be giving incentives for a sufficient length of time. This will help to justify investment and provide reasonable returns on investment.

With the Energy Efficient Vehicle (EEV) specifications being updated, UMWT hopes that ample time will be provided before implementation for proper review.

He also said, “We believe that our Bukit Raja Plant is equipped with automation, skilled manpower and the capacity to move align with the government’s vision developing our industry into IR4.0”.

The planned reduction of Carbon Emissions from motor vehicles by improving the fuel economy level by 2025 is commendable. “UMWT is planning to introduce more CKD hybrid vehicles in the future here in Malaysia”, said Ravindran K. We urge government to support in increasing the incentives provided to spur the hybrid market in Malaysia.

“We are always grateful to the ministries and agencies for their guidance, support and cooperation and give assurance that we will do our part to help develop not just the Malaysian automotive industry but also strive to contribute back to the society,” added Akio Takeyama, Deputy Chairman of UMW Toyota Motor. “As we welcome this new era, we hope to work together with the government for Malaysian society to have a better life”.