Auto industry on path to recovery bookings

Timely move: Potential car buyer visiting a showroom in Petaling Jaya. The introduction of tax exemption is a timely inducement to spur sales decimated by the MCO exercise since March

PETALING JAYA: Selected automotive players are already seeing strong pick-up in bookings, an indication that the industry is already on the path to recovery.

MIDF Research said Bermaz Auto (BAuto) saw almost a tripling in daily bookings compared to post-movement control order (MCO) levels, while UMW is seeing early signs of improvement in booking levels.