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At Perodua’s ‘Facilitation Scheme Briefing’ held at the Malaysia Automotive Institute (MAI) earlier today, Perodua CEO Datuk Aminar Rashid boldly claimed that the company will be able to meet the 22 new UN safety regulations set for implementation next year in Malaysia, in response to a question on the subject by this publication.

Despite not being able to reveal the more intricate details of Perodua’s plans for the future, Aminar was keen to stress that the company will work closely with its partners to ensure that the regulations do not pose a problem for the automaker’s future and current models.

“We place a lot of emphasis on safety at Perodua,” he added. “However, we are not targeting a five-star safety rating, [but] we will make sure our cars meet the new regulations, no matter what. We will continue to add on additional safety features in our cars,” he told paultan.org. The Perodua Axia scored a four-star rating in ASEAN NCAP testing earlier this year.

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Currently, 77 UN regulations under WP29 are already in force in the nation including ECE R94 (40% front overlap crash testing), ECE R95 (side impact crash testing) and ECE R43 (safety glass installation and testing) for type approval in relation to new vehicles.

Following the 22 new regulations, an additional 19 will be implemented in 2017, with two more to follow by 2020. Safety systems such as Autonomous Emergency Braking, Lane Departure Warning and Enhanced Child Restraint System are among the list of tech that the new regulations will gazette.

As for the facilitation scheme, Perodua has set aside a total of RM200 million to aid vendors related to stamping and interior work for its cars. A total of 23 vendors will have to apply and meet certain conditions before the grant is provided to the respective parties.

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Aminar stated that the funds were sourced internally from Perodua and nowhere else. “We raised the funds from many solutions. including ingenious ways of cost-cutting and many other methods.” The company is preparing for an optimistic year ahead – seeing as how it aims to end 2014 with a sales target of over 193,000 units.

“Today, we want to mainly address the aid in working capital and cash flow management,” Aminar said. “We want the payment term periods between vendors to drop from 60 days to 30 days and as short as 15 days in January next year.” A “soft loan” totalling RM250 million had been provided to vendors earlier this year.