As part of the launch of the new National Automotive Policy (NAP) today, the Ministry of International Trade and Industry (MITI) has released its targets over the next 10 years.

Among other things, the ministry hopes to grow the total industry volume to 1.22 million units and the total production volume to 1.47 million units by 2030. These numbers should include passenger and commercial vehicles as well as motorcycles, if the previous NAP’s targets were anything to go by.

This represents a mild increase over the 2014 projections of one million units and 1.35 million units respectively. Last year, the automotive industry sold 604,297 vehicles and produced 571,632, although these figures do not include motorcycles.

The ministry is banking on an increase in exports of completely built up (CBU) vehicles, which are expected to bring in RM12.3 billion in ten years. All in all, MITI targets a contribution of RM104.2 billion from the automotive industry to Malaysia’s gross domestic product (GDP) by 2030.

Exports of locally-made components are also expected to rake in RM28.3 billion fo new automotive parts and RM10 billion for remanufactured parts. In terms of employment, MITI says the NAP 2020 should create 323,000 new jobs, including 128,000 in manufacturing, 46,000 in the aftermarket, 30,000 in the robotics sector, 44,000 in the Internet of things (IoT) sector and 75,000 in the mobility-as-a-service (MaaS) sector.

Also listed are the creation of new research and development facilities, including a full-fledged Vehicle Type Approval (VTA) testing centre, an Electric Vehicle Interoperability Centre (EVIC), an autonomous/automatic vehicle test bed, a virtual design centre, an additive manufacturing (i.e. 3D printing) design centre, a robotics and artificial intelligence centre, a big data analytics (BDA) centre, a digital twin centre and a technology academy in the field of automobiles and overall mobility.

The broader strokes of NAP 2020 were revealed today, with seven roadmaps having been detailed in the field of Next Generation Vehicles (NxGVs), Mobility as a Service (MaaS) and Industry 4.0. The plan will also incorporate the development of Automated, Autonomous, Connected Vehicles (AACV), lightweight material technology as well as hybrid, electric and fuel cell vehicles. Read more here.

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