VW set to capture 10% of passenger car market | Malaysian Daily ...

Posted by barremitchem970 on September 9th, 2012

KUALA LUMPUR: Volkswagen Group Malaysia Sdn Bhd is on track to achieve its long-term target of capturing 10% of the Malaysian passenger car market, said Volkswagen AG's head of Greater China and Asean commercial operations, Weiming Soh. Currently, Volkswagen Malaysia holds over 2% of the annual local passenger car market. He said the company experienced growth in car sales in Malaysia since the transformation of the carmaker's business module here since 2006. ?We are still very far from realising the target, but I am very sure that Volkswagen Malaysia under a good management, is on track to achieve the target. ?We are also expanding in all areas to achieve our target. For instance, we will be growing our dealership base from 20 to some 50 dealers,? Soh told reporters after launching the new Volkswagen Beetle on Friday. He said the carmaker's expansion plan in Malaysia would create about 5,000 to 6,000 jobs. Meanwhile, Volkswagen Malaysia managing director Ricky Tay said the carmaker is considering introducing Volkswagen hybrid vehicles in Malaysia, given the tax benefits and emphasis given by the government for energy-efficient vehicles. ?The revised National Automotive Policy gives a lot of emphasis for hybrid, electric as well as energy-efficient vehicles. That is the main reason for us to consider bringing in our hybrid vehicles. ?Even though some of our cars which are currently marketed in Malaysia are considered as energy-efficient vehicles under the revised policy, I still think that there are some space for Volkswagen in the local hybrid market,? he said. The new Beetle, launched in conjunction with The Volkswagen Das Auto Show 2012, comes in a 1.2-litre and 2.0-litre version. The 1.2-litre Beetle comes in five colours with a on-the-road price tag (excluding insurance) of RM139,888, while the price of the advanced engine capacity car is yet to be determined. ? Bernama

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VW set to capture 10% of passenger car market

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