by RAHIMI YUNUS/ pic by MUHD AMIN NAHARUL
THE government has reviewed incentives under the National Automotive Policy 2020 (NAP 2020) to further help industry players recover from Covid-19 impacts.
Malaysia Automotive Robotics and IoT Institute (MARii) CEO Datuk Madani Sahari (picture; left) said the improved incentives are undergoing approval.
Overall, he said the NAP 2020, which was launched by the previous administration last February, will remain as it is under the current government.
“The government has reviewed how to incentivise automotive players given the current scenario (of Covid-19) to facilitate recovery. Some elements can be improved,” Madani said at the CEO/Owner Growth Mindset Programme (COGMP) promotion and CEO sharing session in Cyberjaya, Selangor, yesterday.
Madani, however, did not provide details on the set of incentives being reviewed and pending approval.
The NAP 2020 incorporates three new advanced technological elements — next-generation vehicle, mobility-as-a-service and the Industrial Revolution 4.0.
The automotive framework will become the guiding principle of the industry between 2020 and 2030.
It wants to grow the total industry volume to 1.22 million units by 2030, total production volume to 1.47 million units, motor vehicle export value to RM12.3 billion, parts and components exports to RM28.3 billion and remanufactured parts and components exports to RM10 billion.
The automotive sector’s contribution to the economy would rise to RM104.2 billion by 2030, or 10% of the country’s GDP.
At the COGMP promotion and CEO sharing session, seven automotive vendors received certificates from MARii after completing the programme.
Top participating companies have recorded between 45% and 91% reduction in quality complaints from customers.
The seven companies that have graduated were Autokeen Sdn Bhd, Ohta Precision (M) Sdn Bhd, WSA Engineering Sdn Bhd, Ueda Plating (M) Sdn Bhd, Kah Hong Precision Tooling Sdn Bhd, Kasai Teck See (M) Sdn Bhd and Industrial Quality Management Sdn Bhd.