Perodua projects Malaysia's total automotive industry volume (TIV) will reach about one million vehicles by 2030, reflecting strong growth in the sector [1, 2]. The company expects electric vehicles (EVs) and expanded EV models (XEV), including hybrids, to make up 20% of the total volume by that year. "We think by 2030, 20% of the total volume will be electric vehicles (EVs) or XEV, which includes hybrids," said Perodua CEO Datuk Sri Zainal Abidin Ahmad [1].
Replacement car buyers will account for roughly 40% of the market, while first-time buyers will represent about 30%. The younger generation is expected to dominate the first-time buyer group. "First-time car buyers will be from the younger generation," Datuk Sri Zainal added [2].
Perodua aims to maintain a 45% share of the total car market amid this growth [1, 2]. The company also plans to deepen its partnership with Japanese compact car manufacturer Daihatsu, which holds a 20% stake in Perodua. Datuk Sri Zainal said, "We hope to set Malaysia as a base country for Daihatsu for future expansion. We can learn from Daihatsu and do a full upper body design," highlighting a goal to advance local vehicle design capabilities [2].
To address supply chain challenges for vehicle parts, Perodua encourages more Japanese firms to invest in Malaysia and produce final products locally [1, 2]. The announcement came during a factory tour by Japan Ambassador Noriyuki Shikata and was presented at a press conference on May 14, 2026, by Datuk Sri Zainal Abidin Ahmad [1, 2].
Next steps include further collaboration with Daihatsu on vehicle design and expanding local production capacity to reach the projected one million vehicle industry volume by 2030.
