UMW Group’s automotive sales surges 48pc in March 2022 | Money

UMWT said their top-selling models in Q1 2022 were the Hilux, Vios, Corolla Cross (pic) and Yaris. — Picture courtesy of
UMWT stated their leading-promoting products in Q1 2022 ended up the Hilux, Vios, Corolla Cross (pic) and Yaris. — Picture courtesy of

KUALA LUMPUR, April 13 — UMW Group’s (UMW) automotive sales have ongoing to strengthen in March 2022, as the quantity of motor vehicles shipped by the group surged by 48 per cent to 35,246 units from 23,853 models offered in February.

Sales ended up boosted by the conglomerate’s go to ramp up generation to fulfil its encouraging remarkable order book.

In a assertion today, the team said UMW Toyota Motor’s (UMWT) product sales experienced surged 32 per cent month-on-thirty day period (m-o-m) to 8,487 units in March 2022 from 6,432 units in the preceding month.

“In the 1st quarter of 2022 (Q1 2022), UMWT sold 22,447 units, 31 for every cent increased than the 17,151 models offered in Q1 2021.

“Top-promoting types in Q1 2022 ended up the Hilux, Vios, Corolla Cross and Yaris,” it stated, including that UMWT experienced introduced Year 5 of the Toyota GAZOO Racing Competition in March 2022 as section of its attempts to additional fortify the Toyota model in Malaysia.

In the meantime, UMW’s affiliate corporation, Perodua, observed its income leaping by 54 for each cent m-o-m to 26,759 models in March 2022.

In Q1 2022, its gross sales rose by 6. for each cent calendar year-on-yr to 61,624 models from 57,909 models in Q1 2021, with the a short while ago facelifted Myvi as its major-advertising product, adopted by the Axia and Bezza.

As these, Perodua has realized 25 for every cent of its 2022 revenue target of 247,800 models, the team reported.

“While the Covid-19 pandemic and part supply concerns continue to linger, Perodua is functioning intently with its suppliers and sellers to minimise the influence on its customers,” mentioned UMW.

UMW Holdings Bhd president and team chief government officer Datuk Ahmad Fuaad Kenali stated each UMWT and Perodua are on track to obtain their product sales focus on for the 12 months and are ramping-up production primarily based on the accessible capability to expedite the shipping of vehicles to buyers.

“Furthermore, both equally organizations plan to introduce numerous all-new and facelifted versions this year to drive profits and reach their targets.

“We would like to specific our appreciation to our clients for their strong assistance of our goods and solutions,” he extra. — Bernama

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