Based by itself requirements, 2021 was a lean 12 months for Perodua in phrases of gross sales and manufacturing efficiency. There had been many unexpected circumstances past the carmaker’s management – Covid lockdowns and chip provide points restricted manufacturing, whereas an enormous closing push was thwarted by unprecedented flooding in the Shah Alam space, the place many of its distributors are situated.
In the tip, the market chief offered 190,291 units in 2021, a 13.6% drop from the 220,154 items recorded in 2020. The closing tally fell quick of P2’s 200k target, which was revised down from 214k in September. The authentic aim for 2021 that was set early last year was 240k. It was all down to manufacturing points as Perodua sells no matter it makes – on the finish of 2021, it had 70k excellent bookings.
They’re aiming for an enormous rebound in 2022. If there aren’t any disruptions, the goal this 12 months is a document 247,800 items, a large 30.2% bounce from 2021. Production, a very powerful side, is slated to improve 37.5% to 265,900 items this 12 months.
New fashions (D27A Alza and two facelifts to debut this year) and better manufacturing quantity means extra parts are wanted, and the Malaysian automotive ecosystem will profit from the RM7.5 billion Perodua has allotted for parts this 12 months. That’s a 41.5% bounce from the RM5.3 billion spent on local parts this 12 months.
Perodua says that it plans to additional maximise element parts localisation as half of industrial growth, and that it presently has R&D actions at its suppliers. As it stands, P2 already boasts very excessive localisation – the Ativa, though a shared mannequin with Japan and Indonesia, debut last year with 95% local content, the very best ever fee at launch for Perodua.
As for capital expenditure, Perodua’s deliberate whole funding for 2022 is RM1.3 billion, a pointy rise from the RM696.3 million spent in 2021. A giant half of that is for new fashions (RM529.1 million). The different large allocations are for “buildings, land and roads” (RM381.3 million) and “plant improvements and transformation” (RM321.3 million).
The latter contains efforts to improve manufacturing quantity (enhance takt time in manufacturing unit-converse) at Perodua Global Manufacturing – the newer and more flexible of the 2 vegetation in Sg Choh that rolls out the Axia, Bezza and Ativa.
Smaller however nonetheless vital are quantities put aside for “R&D enhancement” and “digitalisation”. The latter is one thing new in P2 shows, and it contains inside (IT and cybersecurity, on-line communication platforms, on-line occasion registration) and exterior initiatives. Customers can count on “connected vehicles” and digital proprietor’s handbook and automobile gross sales orders in the longer term. P2 can be doing an IR 4.0 readiness evaluation for its suppliers.
There’s sure to be extra, as Perodua talked about that it’s wanting to “initiate collaboration with other Malaysian companies to undertake big/disruptive venture,” whereas referring to Malaysia’s excessive web penetration and cellular subscription fee, discount of the quantity of financial institution branches and the growing development of e-cost. Sounds like hints at a new monetary/cost product.
