KUALA LUMPUR: The National Automotive Policy (NAP2020) will be launched by Prime Minister Tun Dr. Mahathir Mohamad on February 21 at the Ministry of International Trade and Industry.

The ministry said NAP2020 was formulated to elevate Malaysia’s automotive industry to the next phase of industrial competitiveness, in line with the changing landscape of mobility within the global markets.

“The automotive sector has been a prime mover of Malaysia’s industrialisation drive since the early 1980’s in allowing meaningful participation of Malaysian businesses and talents in the fields of science, engineering and technology,” it said in a statement today.

The ministry said the sector had grown into a national automotive ecosystem that included vehicle manufacturers, parts and components suppliers, engineering services, full-fledged product and process design facilities.

“It has also created a robust aftermarket segment and accelerated the critical mass of talent involved in other high value sectors along the industry’s value chain and across the manufacturing sector,” it added.

The ministry said to ensure a continuation of meaningful participation in the industry, the government had put emphasis on resources.

This was to ensure that the next technology acceleration curve would be in line with emerging trends surrounding transportation and mobility, as well as, allowing for clean energy technology adoption. 

The government has also taken into account all feedback obtained from the industry as well as improvement opportunities learned from previous national automotive policies. 

“As an outcome, the NAP2020 is a product of arduous benchmarking, longstanding research, strategic planning and rigorous consultation with various stakeholders to determine the right balance between the current needs of industry players and the requirement to align those strategies with future demands of global automotive and mobility trends,” the ministry said.