Auto Parts Companies Anticipate Sales Surge During Festival Season

2024/04/02
Supply Chain, General News
-
Malaysia
Indonesia
Japan
As the 2024 Lebaran festival approaches, the demand for automotive components is expected to rise due to an increase in people traveling by private vehicles. The sales for Original Equipment Suppliers (OES) are projected to increase by about 10%. Companies such as SMSM, AUTO, and DRMA are preparing for the sales growth by launching new products, marketing campaigns for specific periods, and customer gatherings. Additionally, the government's tax incentives for electric vehicles could further boost the automotive parts industry.
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