Malaysian Automotive, Robotics and IoT (MARii) have said that exports of automotive components and spare parts are expected to hit RM12 billion in 2019.
While speaking at a recent event, MARii CEO Datuk Madani Sahari told NST that exports in the first 10 months of 2018 had reached RM11 billion; with MARii still in the midst of collating achievement data from the last two months of 2018. A big improvement over total exports in 2011, which amounted to RM5.2 billion.
Madani added, “To date, there are about 175 local suppliers who have been exporting automotive components and parts globally.”
Also present at the event was Perodua President and CEO Datuk Zainal Abidin Ahmad who said that the level of competitiveness of local component suppliers is similar to that of other regional component suppliers.
In the future, he hopes that Malaysian suppliers will be able to follow in the footsteps of suppliers in Indonesia and Thailand which not only export CBU products worldwide but also individual components.