Proton, DRB-HICOM explore India auto push
NEW DELHI: Malaysian automotive players including DRB-HICOM Bhd and Proton Holdings Bhd held talks with Prime Minister Datuk Seri Anwar Ibrahim on opportunities to expand into India, one of the world's largest and fastest-growing automotive markets.
Malaysian automotive companies Proton Holdings Bhd and DRB-HICOM Bhd met with Malaysian Prime Minister Anwar Ibrahim to discuss expanding into India's automotive market. India ranks among the world's largest and fastest-growing automotive markets, making it a promising destination for industrial cooperation. Proton has previously pursued local manufacturing partnerships but has yet to establish a commercial presence in India.
DRB-HICOM has already formed business links with Indian firms, such as Tata Motors, but Proton vehicles remain unavailable in the country. With India developing its automotive manufacturing base and electric vehicle sector, there exist opportunities for Malaysian companies across various value chain segments like components, engineering, technology, and logistics.
The latest talks between Malaysian and Indian business leaders could pave the way for renewed interest in the Indian market for Proton as the country accelerates its growth in advanced mobility technologies.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
