Perodua displayed a remarkable surge in production during the first six months of 2023. With a total of 153,813 vehicles produced, the company achieved a substantial 17% increase compared to the same period in 2022 when 131,641 units were manufactured. This boost in production has directly contributed to a significant rise in vehicle registrations, which reached 144,690 units for the first half of 2023 (1H23), marking a growth of 13.6% compared to 127,343 units sold during the corresponding period last year.
Perodua’s standout performer for the year has been the Bezza, with an impressive 40,555 units registered between January and June. The Perodua Myvi followed closely with 32,319 units, while the Perodua Axia recorded 28,199 units. Perodua President and CEO, Dato’ Sri Zainal Abidin Ahmad, attributes these accomplishments to enhanced supply chain management and improved production efficiency at their manufacturing plant.
Dato’ Sri Zainal Abidin also affirmed that Perodua is on track to achieve its ambitious targets of producing 330,000 vehicles and registering 314,000 units this year. The company aims to further enhance operational efficiencies to meet these objectives. Notably, they have already reduced the tact time at their Perodua Global Manufacturing plant (PGMSB) from 1.35 minutes to an impressive 1.25 minutes, facilitating faster vehicle production.
When comparing the second quarter of 2023 (2Q23) to the same period last year, Perodua manufactured 69,013 vehicles, reflecting a 1% increase from the previous year’s figure of 68,316. Dato’ Sri Zainal Abidin acknowledged that the majority of this year’s production performance was concentrated in the first quarter when Perodua made concerted efforts to fulfill its PENJANA obligations. In terms of registrations, 2Q23 saw 66,126 units registered, compared to 65,719 units in the corresponding period of the previous year.
Dato’ Sri Zainal Abidin remains optimistic about the future, anticipating a continued upward trend in both production and sales as demand for Perodua vehicles remains strong. The recent successful launch of the Axia E model, with all 2,500 ready stock vehicles being swiftly distributed within 48 hours, further bolsters this positive outlook. However, he acknowledges potential challenges ahead, including higher financing costs and intermittent supply shortages.
Nevertheless, Perodua is steadfast in its commitment to meet its targets and expresses gratitude to its valued customers for their support and patience. The company’s priority remains reducing customers’ waiting times and continually improving service quality. Zainal Abidin also expressed appreciation to Bank Negara Malaysia for maintaining the overnight policy rate at 3%, which aids in alleviating financing costs for Perodua’s customer base, which includes lower-income earners.
