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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.

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