kl launches plan to revive auto industry - KL launches plan to revive auto industry

Malaysia launched a new road map yesterday to revive its stagnant automotive industry, aiming to more than double the sector’s contribution to the economy from 4.2 per cent of gross domestic product in 2018 to 10 per cent by 2030.

Prime Minister Mahathir Mohamad, under whose leadership Malaysia kick-started its automotive sector 35 years ago with its first national car, Proton, announced that the National Automotive Policy (NAP) 2020 would focus on advanced technology and economic spillovers across the entire value chain.

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