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HM assembles Honda passenger cars from imported complete knock down (CKD) kits. Honda Malaysia's shareholders include the Honda Motor Company (51%), DRB-HICOM (34%) and Oriental Holdings (15%). [124] [123] Oriental Holdings held the Honda franchise prior to Honda Malaysia. [125] Honda cars were assembled in Malaysia since 1969. [41]
The company was founded by the late Tan Sri Loh Boon Siew in the 1960s, beginning as the Malaysian distributor for Honda Super Cub motorcycles and later cars. [2]The groups has a combined total asset exceeding RM3 billion, shareholders fund exceeding RM2.2 billion and Cash/Cash Equivalent exceeding RM1 billion as of 31 December 2001 (source: annual audited accounts).
Tan Chong Motor (1972–present) manufactures and distributes for the following companies in Malaysia: Nissan; GAC; UMW Holdings (1987–present) manufactures and distributes for the following companies in Malaysia: Toyota (UMW Toyota Motor)
DRB-HICOM is the majority shareholder of Malaysia's national car company, Proton, with China's Zhejiang Geely Holding Group the other shareholder since an equity sale in 2017. [2] The Group also owns national motorcycle company Modenas , with Japanese two-wheeler giant Kawasaki as its partner. [ 3 ]
Malaysia's car industry is dominated by two local manufacturers which are heavily supported by the government through National Car Policy e.g. trade barriers. These local manufacturers are Proton and Perodua. [2] These excise duties imposed on foreign manufactured cars have made them very expensive for consumers in Malaysia.
The Honda BR-V is a subcompact crossover SUV manufactured by Honda since 2016 and mainly sold for emerging markets. [ 1 ] [ 2 ] While being dimensionally bigger, the BR-V is positioned below the more advanced international market HR-V .