Published on May 2nd, 2022 | by Aaron Fernandez0
Mitsubishi Motors reports a 66% sales leap in Financial Year 2021
Mitsubishi Motors have just revealed their sales performance for the Financial Year 2021, which is between April 2021 and March 2022. The carmaker reported a 66% sales leap compared to the previous year with a total of 19,217 units sold. This sales result managed to rank Mitsubishi as one of the top three spots in the non-national automotive brand in Malaysia.
The great Financial Year 2021 for Mitsubishi was largely thanks to the XPANDER which dominated the non-national MPV segment in Malaysia. It accounted for 47.2% of the company’s total sales, ending the year with 9,065 units sold. Meanwhile, the Mitsubishi Triton also had a strong performance with its market share of 21.4%. With 9,420 units sold, it maintained a strong contender in the pick-up truck segment despite new releases like the Ford Ranger and Isuzu D-Max.
Mitsubishi Motors Malaysia (MMM), the official distributor of Mitsubishi Motors vehicles in Malaysia, ended Financial Year 2021 (April 2021 – March 2022) on a high note despite two years of being affected by the pandemic.
The company sold 19,217 units in FY21, which represents a 66% increase despite the Total Industry Volume (TIV) shrinking by 6.7%, as compared to the same period in Financial Year 2020 (April 2020- March 2021). This noteworthy achievement puts the company comfortably in the top three spots of the non-national automotive category.
The Mitsubishi XPANDER continues to dominate the non-national MPV segment in Malaysia, and also leads the sales for the Mitsubishi Motors brand. The seven-seater crossover has closed the financial year with 9,065 units sold, which contributed 47.2% to the company’s overall total sales.
The robust Mitsubishi Triton pick-up truck is also maintaining a solid market share of close to 21.4% and remains one of the favourite choices within the pick-up truck segment despite healthy competition from its newly launched rivals. Mitsubishi Motors has sold 9,420 units of Triton in FY21 which is a 24% increase compared to FY20.
“In general, the past two years have been tough on the automotive industry, not only with the rising cases of Omicron but floods that affected the Klang Valley and East Coast region, as well as parts or chips shortage. There were many hurdles for the industry to overcome, thus for our sales performance to grow is a significant triumph for us. We take this chance to thank the Malaysian government for initiating and extending the SST exemption these last couple of years. With this, our customers could enjoy extra savings while it also gives us the time to fulfil all booking orders made.” said Shinya Ikeda, Chief Executive Officer of Mitsubishi Motors Malaysia.
He added, “The company will continue to charge forward with strong momentum for 2022. We are aware that a large number of our customers aim to purchase their cars before the SST exemption expires by end of June. We are continuing our best efforts to meet the booking numbers, and we have already increased our production capacity while maintaining a high level of product quality. Our customers are the ones that put us here, thus providing them with utmost convenience and confidence towards the brand is our utmost priority.”