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local tyre news
Malaysian Tyre Market and Business Scenario in 1st Half 2021
It is now more than a year since the outbreak of Covid-19. While the pandemic has been handled relatively well in Chi- na, many countries are being hit by a second or third wave, with the new Delta variant prompting some countries to return to lockdown.
- cept for Singapore, which has managed to maintain low cases throughout the pandemic. The pandemic has severely wounded the world economy with serious consequences impacting all in- dividuals and industries, including the tyre industry. The Original Equipment (OE) tyre segment has been driven by new automo- tive sales, whereas the tyre replacement market is dependent on the usage patterns of consumer and replacement cycles. However, the demand in both segments is declining.
To understand more about the market conditions in Malaysia future challenges and opportunities, The Tyreman talked to E Cars Marketing Sdn Bhd Business Development Director Eu- gene Choo.
“Compared with the last few years, the situation in our country is - cases per day. The government has taken a series of preventive measures such as the movement control order (MCO), which allowed only essential services and sectors allowed to operate, - tor and the citizens of Malaysia,” he said.
Based on his market survey, tyre retailers and wholesalers have - implementation of the MCO and Full Movement Control Order (FMCO) in those two months.
“The overall sales performance of tyre wholesalers and retailers
Tyre Prices Rise Sharply
In terms of tyre prices, Choo said that prices for imported tyres across all categories have risen since the beginning of the year. - - ally adjust tyre pricing, citing an increase in raw material costs percentage is subject to respective tyre manufacturers. Tyre re- tailers might not feel the pinch as importers or distributors have absorbed a certain percentage. However, how long they can
E Cars Marketing Sdn Bhd Business Development Director Eugene Choo
轮胎价格大幅上涨
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