Tan Chong confident of maintaining market share

TheStar Tue, Apr 06, 2021 10:30am - 2 years View Original


Tan Chong expects to maintain its hold on TIV by leveraging off the ongoing tax holiday, as well as the introduction of new vehicles that it anticipates will help boost sales.

PETALING JAYA: Despite widening losses for its fourth quarter ended Dec 31,2020, Tan Chong Motor Holdings Bhd (TCM) remains optimistic about maintaining its 3% total industry volume (TIV) market share for this year.

The group expects to maintain its hold on TIV by leveraging off the ongoing tax holiday, as well as the introduction of new vehicles that it anticipates will help boost sales.

CGS-CIMB in a report yesterday said the group is aiming to maintain its domestic market share at approximately 3% of TIV in 2021, driven by new models such as the Nissan Almera and Navara pick-up truck.

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