Rising TIV a boon for Sapura Industrial

TheStar Thu, Dec 08, 2022 11:10am - 1 year View Original


Sapura Industrial says the TIV is projected to rise by 24% year-on-year to 630,000 vehicles in 2022 from 508,911 in 2021.

PETALING JAYA: Sapura Industrial Bhd is banking on the expected rise in the total industry volume (TIV) of the automotive industry and its cost optimisation measures to buoy earnings.

In a filing with Bursa Malaysia, the original equipment manufacturer automotive parts manufacturer said TIV is projected to rise by 24% year-on-year (y-o-y) to 630,000 vehicles in 2022 from 508,911 in 2021.

Sapura Industrial added it has intensified efforts to bolster operational efficiency by implementing strict cost-cutting measures.

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