KUALA LUMPUR (April 11): UMW Toyota Motor Sdn Bhd, a subsidiary of UMW Holdings Bhd, recorded a total of 8,487 combined sales for Toyota and Lexus in March this year, up 31.95% from 6,432 in the previous month.

In a statement, the automotive company said Toyota's sales in March rose 31.73% on a month-on-month (m-o-m) basis to 8,386 units from 6,366 units sold in February.

Lexus sales rose 53% to 101 units in March from 66 units in the previous month, UMW Toyota Motor said.

"Sales for the year to date are expected to continue in this upward trend, with the total sales for the quarter being at 22,447 units," it said.

UMW Toyota Motor attributed its positive sales results to its ongoing March promotions for which customers will receive RM4,000 worth of added value on Toyota bestsellers such as Vios and Yaris.

The company also expects sales to increase further with upcoming product launches later this year. It said Toyota is continuously innovating to bring mobility to Toyota fans by offering customers the best value for their money, along with top-of-the-line security features and enhanced performances.

UMW Toyota Motor president Ravindran K said the group is working closely with its suppliers and monitoring developments closely to minimise the impact on the group's production and customers.

"As Malaysia transitions towards the endemic phase, UMW Toyota Motor is appreciative of the support we have received from our customers throughout these unprecedented times. We remain committed towards achieving continuous growth for the Toyota brand as well as for the local automotive industry through our cutting-edge innovative product and solution offerings.

"As we transform towards sustainable mobility, Toyota aims to leave no one behind as we continue to be at the forefront in offering value-for-money innovations equipped with technological advancements and state-of-the-art safety features across all our products," he added.

At 3.15pm, UMW Holdings dipped five sen or 1.47% to RM3.35, giving it a market capitalisation of RM3.91 billion.