Perodua has revised it’s break-even timeline to 2 years and 3 months instead of the original 3 years for the Perodua Myvi’s investment of RM210 million based on overwhelming sales.

Perodua’s managing director Hafiz Syed Abu Bakar said booking for it’s 1.3 litre Perodua Myvi have reached 60,000 as of yesterday morning. He did not quote the 1.0 litre sales figures. He also mentioned there are about 19,000 Myvis delivered and currently on the road.

To meet the overwhelming sales, production capacity has been increased from 220 units a day to 280 units a day.

Things are looking very optimistic from Perodua. The company has predicted sales will increase another 7-8% next year. To keep up with the sales, it is currently planning to invest another RM150 million in plant and equipment including a new paint shop, body shop and production line, pending results of market studies.

It’s Serendah plant in Selangor currently utilizes about 80ha of land for it’s production plant and head office and it still has another 56ha of land for expansion.

Source: The Edge Daily