"Investment opportunities in the automotive component parts industry during the Fourth Malaysia Plan"

Abstract

The development of the motor vehicle industry in Malaysia began in 1967 with the establishment of assembly plants to assemble imported completely knock down (CKD) parts. By 1969 the 12 assembly plants in operation then were able to assemble 42,692 vehicles comprising 20,487 passenger cars, 4,485 commercial vehicles and 17,720 motorised two wheelers. The volume of locally assembled vehicles has increased significantly since then to reach 282,874 units in 1980 comprising 80,978 passenger cars, 25,188 commercial vehicles and 176,708 motorised two wheelers. The assembly plants could now meet almost all the domestic requirements of motor vehicles other than specialised vehicles. In this respect the Government considers that the assembly phase of the industry has been successfully implemented. It has achieved the desired objectives of attracting foreign investment, the acquisition of assembly technology and the creation of employment.