LATEST NEWS   PM Anwar, Turkmenistan President Serdar Berdimuhamedov witnessed the signing of a strategic cooperation agreement between Petronas and Turkmenistan authorities-- PMO | At 6 pm, the ringgit eased to 4.1340/1395 versus the US dollar from Thursday's close of 4.1145/1195 | The collaboration opens up space for more strategic engagements in future, including exploring the great potential of Turkmenistan's natural gas sector, which has among the world's largest gas reserves - PMO | Gabungan Kelab Media Malaysia (GKMM) state affiliates receive RM10,000, GKMM receive RM30,000 from Communications Ministry - Fahmi | The achievement comes as Malaysia and Turkmenistan mark 30 years of cooperation in the energy sector, which has been a key pillar of bilateral relations between the two countries -- PMO | 
BUSINESS • 19/06/2026 05:52 PM

Automotive Industry’s TIV Fell 15 Pct To 61,250 Units In May -- MAA

KUALA LUMPUR, June 19 (Bernama) -- Malaysia’s automotive industry recorded a 15 per cent decline in total industry volume (TIV), falling to 61,250 vehicles in May 2026, compared to 72,113 vehicles in April 2026.

The Malaysian Automotive Association (MAA) said the decline ended two consecutive months of growth.

“The lower TIV in May 2026 was mainly attributed to the long festive holiday period, encompassing Hari Raya Aidiladha, Pesta Kaamatan and Hari Gawai,” it said in a statement today.

Production also fell by 13 per cent year-on-year to 57,489 units in May 2026, compared to 66,354 units in May 2025.

For the January-May 2026 period, MAA said sales inched down one per cent to 315,568 units compared with 319,846 units in the corresponding period last year, while production fell four per cent to 287,477 units from 300,559 units previously.

Moving forward, MAA said it expects sales to regain momentum starting this month.

-- BERNAMA

 

 


 

More News

Categories

Tags