Including For Motor Vehicles Companies in Malaysia

The Malaysian government has implemented a number of policies and initiatives to attract foreign direct investment (FDI) in the country's motor vehicle manufacturing sector. These include tax and duty exemptions, as well as subsidies and other financial incentives.

The government's strategy appears to be paying off, with a number of multinational companies (MNCs) setting up operations in Malaysia in recent years. These include Japanese giants such as Honda, Toyota and Suzuki, as well as South Korean firms like Hyundai and Kia.

The influx of MNCs has helped to boost Malaysia's motor vehicle production to record levels in recent years. In 2017, the country produced over 1.2 million vehicles, making it the 14th largest producer in the world.

The vast majority of Malaysia's vehicle production is for the domestic market, although there is a growing export business as well. The main export markets are neighboring countries in Southeast Asia, although there is also significant demand from Africa and the Middle East.

The Malaysian government is hoping that the country can become a regional hub for the production of electric vehicles (EVs), and is offering a number of incentives to encourage companies to invest in this area.

As a result, a number of companies have announced plans to