KUALA LUMPUR, March 23 — The total industry volume (TIV) for the auto and auto parts sector in March 2023 is expected to be stronger, being the last month for carmakers to...
KUALA LUMPUR, March 23 — The total industry volume for the auto and auto parts sector in March 2023 is expected to be stronger, being the last month for carmakers to deliver the sales and service tax -exempt orders.
“As input costs will likely remain steady from the fourth quarter of 2022-levels and gradually decline , the orders should translate to deliveries and into earnings,” RHB IB said. Meanwhile, in a separate note, Kenanga Research said the TIV of 112,128 units for the first two months of 2023 was within its expectation at 16 per cent of its full-year projection of 720,000 units.
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