Mitsubishi M’sia sold 66% more cars in FY21

MITSUBISHI Motors Malaysia (MMM) ended Financial Year 2021 (April 2021 – March 2022) on a high note despite two years of being affected by the pandemic.

The company sold 19,217 units in FY21, which represents a 66% increase despite the Total Industry Volume (TIV) shrinking by 6.7%, as compared to the same period in Financial Year 2020 (April 2020- March 2021).

“This noteworthy achievement puts the company comfortably in the top three spots of the nonnational automotive category,” said MMM.

The Mitsubishi Xpander (pix) continues to dominate the nonnational MPV segment in Malaysia and also leads the sales for the Mitsubishi Motors brand.

The sevenseater crossover has closed the financial year with 9,065 units sold, which contributed 47.2% to the company’s overall total sales.

The Triton pick-up truck is also maintaining a solid market share of close to 21.4% and remains one of the favourite choices within the pick-up truck segment, despite healthy competition from its newly launched rivals.

MMM has sold 9,420 units of Triton in FY21, which is a 24% increase compared to FY20.

Company chief executive officer Shinya Ikeda said: “In general, the past two years have been tough on the automotive industry, not only with the rising cases of Omicron but floods that affected the Klang Valley and East Coast regions, as well as parts or chips shortage.

“There were many hurdles for the industry to overcome, thus for our sales performance to grow is a significant triumph for us. We take this chance to thank the Malaysian government for initiating and extending the SST exemption these last couple of years. With this, our customers could enjoy extra savings while it also gives us the time to fulfil all booking orders made.

“The company will continue to charge forward with strong momentum for 2022. We are aware that a large number of our customers aim to purchase their cars before the SST exemption expires by end of June.

“We are continuing our best efforts to meet the booking numbers and we have already increased our production capacity while maintaining a high level of product quality. Our customers are the ones that put us here, thus providing them with utmost convenience and confidence towards the brand is our utmost priority.”