Malaysia's Perodua to invest $771m until 2015

Malaysia's Perodua to invest $771m until 2015
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Summary Perodua sold 189,100 vehicles in 2012, giving it a 30.2 percent share in the domestic market.

 

KUALA LUMPUR: Malaysian compact car maker Perodua says it will invest 2.32 billion ringgit ($771 million) over four years in an aggressive expansion after sales rose 5 percent last year to a record high.

 

Perodua sold 189,100 vehicles in 2012, giving it a 30.2 percent share in the domestic market and keeping its pole position for the seventh straight year.

 

Managing Director Aminar Rashid Salleh says Perodua, which is partly owned by Japan s Daihatsu Motor Corp., aims to sell 194,000 vehicles this year.

 

He said Tuesday that Perodua will spend 2.32 billion ringgit through to 2015, including building a 790 million ringgit ($263 million) manufacturing plant that will be ready in mid-2014.

 

Perodua will also build more showrooms and bolster its after-sales business as it seeks to be a global company.
 

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