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The year 2024 marked another historic milestone for Malaysia’s automotive industry, driven by the influx of new market entrants and a series of high-profile vehicle launches. The Malaysian Automotive Association (MAA) responded to this remarkable growth by revising its 2024 total industry volume (TIV) forecast to an impressive 800,000 new vehicle sales. Among the standout performers was premium SUV market challenger Jaecoo, which achieved a remarkable 7,041 Jaecoo J7 SUV registrations within just five months of its retail launch in Malaysia.

To celebrate this extraordinary achievement, Jaecoo Malaysia hosted its first-ever dealership awards ceremony, recognizing 12 top-performing dealerships for their contributions to the brand’s success. Emily Lek, Vice President of Jaecoo Malaysia, expressed gratitude to customers and partners, saying, “We appreciate our customers for their faith in the Jaecoo brand, and we will remain dedicated to delivering on our brand promise with best-in-class vehicles and a premium ownership experience. These awards recognise the vital role our dealer network plays in the brand’s overall achievement. We will continue to expand our dealer network in line with our ambition to provide the absolute best customer experience.”

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Mitsubishi Motors Malaysia (MMM), the official distributor of Mitsubishi vehicles in Malaysia, is thrilled to unveil the “Drive Your Ambition” brand festival, a one-of-a-kind 4×4 experiential event set to take place on 18–19 January 2025 at ParkCity Eastwood, Miri, from 10 a.m. to 6 p.m. This exciting two-day event promises to showcase the unparalleled performance and capabilities of the all-new Mitsubishi Triton, alongside a range of activities and attractions for the whole family.

Event Highlights

All-New Triton Obstacle Test Drive

Experience the motorsports-inspired handling of the all-new Triton by navigating through challenging obstacle courses, including:

  • Side traverse
  • Water wading
  • Hill climb
  • Gravel pit
  • Mud pit
  • Articulation crawler

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Peugeot Malaysia is offering an exclusive RM21,500 rebate on the Peugeot 2008, bringing the price down to just RM111,888 (previously RM133,388). This incredible offer makes the sleek compact crossover more accessible to Peugeot enthusiasts. The new price includes a comprehensive 7-year warranty, ensuring peace of mind for every owner.

Optional Service Programme

Customers can enhance their ownership experience with an optional 5-Year Service Inclusive Programme priced at RM10,000. This package covers the cost of parts for 10 services over five years, along with labour costs, offering exceptional value and convenience.

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Great Wall Motor (GWM) Malaysia proudly celebrates a phenomenal achievement in 2024, recording an extraordinary year-on-year sales growth of 331%. This remarkable milestone underscores the growing trust and confidence that Malaysian consumers have in GWM’s innovative and high-quality vehicles. The significant contributions of the Malaysian market have further bolstered GWM’s global success story.

Malaysia: A Thriving Market for GWM

The surge in GWM Malaysia’s sales reflects an increasing demand for vehicles that combine cutting-edge technology with local preferences. The introduction of new models like the GWM ORA 07 EV coupe, the rugged off-road GWM TANK 300, and the versatile mid-size hybrid SUV GWM HAVAL H6 HEV has been instrumental in driving this growth.

The GWM HAVAL H6 HEV, in particular, has been a standout success, amassing 1,500 bookings within its first month of launch. This model has become a symbol of GWM’s dedication to providing vehicles that prioritise long-distance efficiency and passenger comfort, winning the admiration of Malaysian consumers.

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Mitsubishi Motors Malaysia (MMM), the official distributor of Mitsubishi vehicles in Malaysia, has introduced an upgraded version of the Mitsubishi XPANDER, now available with exclusive dealer optional accessories. This enhanced edition, limited to only 200 units and offered exclusively in Red Metallic, promises to elevate the driving experience while delivering greater value to customers.

Priced at RM104,980 on the road without insurance, the XPANDER comes equipped with a host of premium features designed to cater to couples and families seeking a stylish and well-appointed vehicle. The key additions include an All-Round Monitor (ARM), Driving Video Recorder (DVR) Front & Rear, and Leatherette Seats, ensuring a blend of safety, luxury, and practicality.

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PRO-NET, a subsidiary of Proton, has announced the extension of its special launch package for the Proton e.MAS 7 in response to an overwhelming demand from Malaysian consumers. Less than a month after its debut, the vehicle has already secured over 3,000 bookings, prompting the company to extend the offer to the next 3,000 customers. As a result, a total of 6,000 customers will now benefit from this exclusive deal.

The Proton e.MAS 7, Malaysia’s first national electric vehicle (EV), has garnered significant attention due to its innovative features, affordability, and practicality. The extended launch offer includes a RM4,000 price rebate, along with five launch power packages, demonstrating PRO-NET’s commitment to making sustainable mobility more accessible for Malaysians.

Launched by Prime Minister Anwar Ibrahim in mid-December, the Proton e.MAS 7 is available in two variants: the e.MAS 7 Prime, priced at RM105,800, and the e.MAS 7 Premium, available for RM119,800. Both variants are eligible for the extended launch offer, which includes the Launch Power Packs, offering significant value for early adopters. Among the available packages, the Power Home package provides a complimentary 7kW home charger worth RM1,500, while the Power Plus package includes a free V2L (Vehicle-to-Load) adaptor valued at RM500.

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Despite the rising adoption of electric vehicles (EVs) in Malaysia, the current number of EVs on the road is insufficient to justify the widespread deployment of charging infrastructure, according to Yinson Holdings Bhd CEO Lim Chern Yuan. According to The Star, Lim highlighted that while low taxes have driven EV sales, infrastructure expansion still lags.

“There are about 38,000 EVs on Malaysian roads today, but this number doesn’t yet warrant placing charging stations nationwide,” said Lim. He emphasised the ongoing collaboration with regulators to accelerate the rollout of EV infrastructure.

A Unified Asean Strategy

Lim underscored the importance of a cohesive Asean strategy to strengthen the region’s EV industry. He argued that relying on assembly-focused models limits the potential for value creation, advocating instead for investment in high-value sectors such as semiconductors, battery technology, and software engineering.

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Plans to reduce private car usage in Penang can only be considered once the state’s first light rail transit (LRT) line is completed, according to Chief Minister Chow Kon Yeow. According to FMT, Chow emphasised that the LRT would serve as a critical starting point for a comprehensive public transport system in the state, eventually leading to decreased reliance on private vehicles.

“Rome wasn’t built in a day, and the same applies to public transport. The LRT is the beginning. Without the first line, we cannot build the connections needed for a more comprehensive rail system,” Chow said. He acknowledged that while discussions about limiting car use are necessary, they remain theoretical until the LRT is operational.

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The Perodua Suppliers Association (P2SA) and the Perodua Dealers’ Association (PDA) have strengthened their positions in the automotive ecosystem, riding on Perodua’s record-breaking performance in 2024.

“Over the past couple of years, Perodua has procured tens of billions of Ringgit worth of automotive components from our members, marking the highest purchase volume in our history,” said P2SA President Musa Zahidin Tan Sri Ahmad Zaidee.

These significant investments have empowered P2SA members to reinvest and expand their operations, enhancing economies of scale and bolstering competitiveness amid rising external costs.

Supporting Record Production Levels

Musa commended Perodua’s transparent communication and support, which enabled P2SA members to meet the automaker’s unprecedented production achievement of 368,100 vehicles in 2024.

“The prompt payments, clear directions, and open discussions provided by Perodua allowed us to exceed our own expectations and support the highest production levels we’ve ever seen,” he noted.

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The government is in the final stages of deliberating on the implementation of targeted RON95 fuel subsidies, with a decision expected from the Cabinet in the coming weeks, Economy Minister Rafizi Ramli announced today.

Speaking at the Malaysian Economic Forum, Rafizi revealed that the plan aims to ensure subsidies are allocated to deserving households, marking a shift in how financial assistance is distributed.

New Subsidy Framework Based on Net Disposable Income

The economy ministry has proposed moving away from the traditional income classifications of B40, M40, and T20. Instead, the targeted subsidy system will rely on households’ net disposable income to determine eligibility.

“We are going through the internal processes to finalize this. In a few weeks, the government will finalize the proposal made by the economy ministry,” Rafizi said.

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