City
Epaper

Malaysia's vehicle sales fall in May due to shortage of chips

By IANS | Updated: June 21, 2022 03:50 IST

Kuala Lumpur, June 21 Malaysia's total vehicle sales fell 11.76 per cent from April to 49,603 in May ...

Open in App

Kuala Lumpur, June 21 Malaysia's total vehicle sales fell 11.76 per cent from April to 49,603 in May due to a shortage of chips and components, according to the Malaysian Automotive Association (MAA).

The shortage of chips and components and logistics delay disruptions continue to affect some makes, the MAA said on Monday in a statement.

It also attributed the fall to a shorter working month due to the Hari Raya festival, Xinhua news agency reported.

On a year-on-year basis, total vehicle sales in May rose 5.08 per cent, while that in the January-May period increased by 7.44 per cent.

Meanwhile, total vehicle production in May climbed 15.56 per cent year-on-year, and that in the January-May period went up 7.07 per cent.

The MAA expects sales in June to be stronger, driven by impetus from sales tax exemption incentive for consumers to buy passenger vehicles (which is due to expire by the end of June 2022) and an aggressive push for sales by car companies.

However, it said that the shortage of chips and components and supply chain disruptions will continue to affect some makes.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Malaysian automotive associationMalaysiaXinhuaKuala LumpurKl
Open in App

Related Stories

InternationalMalaysia Helicopter Crash Video: 5 Injured After Police Chopper Dives Into Pulai River in Johor

MumbaiMumbai: NCB Extradites International Drug Syndicate Kingpin from Malaysia

InternationalEid al-Fitr 2025 Date: Indonesia, Malaysia, Bangladesh to Celebrate Ramadan Eid on March 31

MumbaiMumbai International Airport Sees 19% Increase in Air Traffic Towards Southeast Asia After Visa Policy Relaxation

InternationalMajor UK Railway Stations Hit by Cyber Attack; Network Rail Suspends Wi-Fi Service

Technology Realted Stories

TechnologyIndia's marine fish landings drop two per cent, Kerala’s by four in 2024: CMFRI

TechnologyTesla to open 2nd India showroom in Delhi’s Aerocity on August 11

TechnologyAkzo Nobel India net profit falls 20 pc to 91 crore in Q1; revenue down 4 pc

TechnologyDoT slashes security test evaluation fees by up to 95 pc to boost telecom innovation

TechnologyIndia should prioritise industrial electronics to become manufacturing leader