ID :
170777
Fri, 03/25/2011 - 11:30
Auther :
Shortlink :
https://oananews.org//node/170777
The shortlink copeid
JAPAN'S EARTHQUAKE IMPACT ON LOCAL CAR INDUSTRY WON'T BE SO BAD, SAYS MAA CHIEF
PETALING JAYA, March 25 (Bernama) -- The recent earthquake and tsunami in Japan will have an impact on the local car industry but it is not expected to be so bad despite concerns it may impact the global supply chain severely.
"There will certainly be some impact but I do not think we will be badly affected," said Malaysian Automotive Association (MAA) president, Aishah Ahmad after the association's annual general meeting here Friday.
Nevertheless, the situation is still being assessed and it is too early to know the real damage, she said.
"Most of our members are sourcing parts and components globally, especially in the Asean region and not only from Japan."
She also said MAA has recorded a four per cent increase in sales for the first two months this year.
There is also indication of better sales in March spurred by improved economic sentiments and a backlog of orders, she added.
At the event, representatives from Toyota, Honda and Nissan also echoed what Aishah said, citing that it is still too early to assess the real damage and the effects it will have on Malaysia and the global supply chain.
"Being a complete knocked down (CKD) unit based country, there is no immediate impact to Nissan's business in Malaysia, as we do hold some inventory.
Components for our main core model (Grand Livina) are sourced from Asean countries," said Edaran Tan Chong Motor executive director Dr Ang Boon Beng.
He added Nissan Japan has resumed production albeit on a much slower partial pace due to the rolling power cuts in Japan.
UMW Toyota Motor President Ismet Suki also said there was sufficient supply of domestic parts and CKD parts for his company.
The impact has been minimal with parts sourced from around Asean and with transactions based in the US dollars, he added.
Honda Malaysia Sdn Bhd's Manufacturing Division Senior General Manager Azhar Abd Wahab meanwhile said the situation still needed to be assessed thoroughly and it may take two to three months for the impact to be felt.
"There will certainly be some impact but I do not think we will be badly affected," said Malaysian Automotive Association (MAA) president, Aishah Ahmad after the association's annual general meeting here Friday.
Nevertheless, the situation is still being assessed and it is too early to know the real damage, she said.
"Most of our members are sourcing parts and components globally, especially in the Asean region and not only from Japan."
She also said MAA has recorded a four per cent increase in sales for the first two months this year.
There is also indication of better sales in March spurred by improved economic sentiments and a backlog of orders, she added.
At the event, representatives from Toyota, Honda and Nissan also echoed what Aishah said, citing that it is still too early to assess the real damage and the effects it will have on Malaysia and the global supply chain.
"Being a complete knocked down (CKD) unit based country, there is no immediate impact to Nissan's business in Malaysia, as we do hold some inventory.
Components for our main core model (Grand Livina) are sourced from Asean countries," said Edaran Tan Chong Motor executive director Dr Ang Boon Beng.
He added Nissan Japan has resumed production albeit on a much slower partial pace due to the rolling power cuts in Japan.
UMW Toyota Motor President Ismet Suki also said there was sufficient supply of domestic parts and CKD parts for his company.
The impact has been minimal with parts sourced from around Asean and with transactions based in the US dollars, he added.
Honda Malaysia Sdn Bhd's Manufacturing Division Senior General Manager Azhar Abd Wahab meanwhile said the situation still needed to be assessed thoroughly and it may take two to three months for the impact to be felt.
