The good, the bad and the ugly
First, the good news. Malaysia’s automotive industry saw total industry volume (TIV) surge to an all-time high of 799,731 units in 2023, up 10.9% year-on-year (y-o-y) from 721,177 units in 2022.

According to the Malaysian Automotive Association (MAA), the increase in sales was mainly driven by the passenger-cars sub-segment, which grew 12% y-o-y to 719,160 units, making up almost 90% of total TIV.
Commentary,MalaysiaAutos,TIVSurge,RecordSales,AutoIndustry,SustainableMobility,EVGrowth,PublicTransportFocus
First, the good news. Malaysia’s automotive industry saw total industry volume (TIV) surge to an all-time high of 799,731 units in 2023, up 10.9% year-on-year (y-o-y) from 721,177 units in 2022.