Submitted by: Submitted by swan31
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Category: Business and Industry
Date Submitted: 04/28/2011 11:33 PM
Expansion plans in Malaysia:
Honda started in Malaysia in 2001, the demand has been increasing on a yearly basis
Malaysia remains the key driver monthly sales
Honda in Malaysia ranked number one in the 2010 Customer Service Index (CSI) Study by J.D. Power and Associates.
Honda Malaysia aims to excite the market further with more refined products and services in the near future.
CR-V - The market's favorite SUV
Economic Conditions:
The first three quarters of 2009 witnessed steep decline in the country’s economic growth
Volume of exports reduced drastically because of reduced consumer goods demand globally the growth rate situation improved somewhat in 2010.
The Malaysian Economy has a followed a free and open system in the recent years. Abundance of natural resources deposits has a made the country one among the top economies over the world. Services sector contributes a larger portion of the GDP followed by the Industries.
References
Double Milestones for Honda Malaysia (August 2010) retrieved from
http://www.honda.com.my/newsevents/news/details.dot?inode=70093
Economy, W (n d) Malaysia Facts. Retrieved from
http://www.economywatch.com/world-country/malaysia.html
Galenson, W (1992) Labor and economic growth in five Asian countries: South Korea, Malaysia, Taiwan, Thailand and the Philippines, Praeger Publishing, Westport, CT.
Vincent, Jeffrey R., Ali Mohamed, Rozali (1997) Environment and Development in a Resource-rich Economy: Malaysia under the New Economic Policy, Harvard Kennedy School, Cambridge, Ma
Background Note: Malaysia (July 2010) retrieved from
http://www.state.gov/r/pa/ei/bgn/2777.htm