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Nikkei Markets

Malaysia's DRB-HICOM Says Proton Vehicle Sales Slipped 1.8% In 2017

By Jason NG
Nikkei Markets
KUALA LUMPUR (Jan 08) -- Proton Holdings, a subsidiary of Malaysian conglomerate DRB-HICOM, said Monday its sales fell 1.8% in 2017 due to a decline in taxi orders despite retail growth.

Sales of Proton vehicles fell to 70,991 units in 2017 from 72,291 units sold in the previous year, Proton said in a statement on its website. Retail sales grew 2.5% to 68,184 units from a year earlier with central, south, east coast regions and East Malaysia each recording 1% to 10% increase, it said.

"Counterpart from Geely performed a stringent quality audit and within three months, we were able to improve our quality points threefold," Proton said. "We are looking at 2018 more positively and we hope to intensify our efforts to do better this year."

The Saga, Persona, and Ertiga models accounted for 80% of total Proton car sales for 2017. The company sold more than 30,000 Sagas, 19,510 Personas, and 6,091 units of Ertiga in 2017.
- By Jason NG; Jason.Ng@NikkeiNewsRise.com; +60320267363
- Edited by Abhijit Basu
- Send Feedback to feedback@NikkeiNewsRise.com
- Copyright (c) 2018 Nikkei NewsRise Asia Pte Ltd.

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