Monday, 20 February 2012

Foreign firms want more liberal environment

from Business Times

DRB-HICOM is the largest automotive company by sales. On the 1.8-litre segment, Mustapa said he had received keen interest from foreign automotive companies including the Chinese and Japanese for a more liberal environment in the segment. The current policy does not allow foreign carmakers to get the licence to directly manufacture vehicles in the segment. Foreign manufacturers now produce vehicles such as Honda Civic, Toyota Corolla Altis and Kia Forte with their Malaysian partners. Overall, the NAP will help Malaysia regain its lost status as the region's largest passenger car market that has now been overtaken by Thailand, with Indonesia following closely. It will also bring a lot of focus towards developing energy-efficient vehicles, Mustapa added.

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