KUALA LUMPUR: Betamek Bhd's wholly-owned subsidiary Betamek Electronics (M) Sdn Bhd has secured a RM436.5 million contract to supply electronic parts for Perusahaan Otomobil Kedua Sdn Bhd's (Perodua) new car model.
The supply of parts is expected to commence in the fourth quarter (Q4) of the financial year ending March 31, 2025, for six years.
Betakem managing director Mirzan Mahathir said the demand for the company's vehicle audio visual (AV) products and vehicle accessories is expected to grow in tandem with the increasing demand for its major customers' vehicles.
"Although the sales tax exemption incentive for passenger vehicles concluded last month, we are confident that the demand for our vehicle AV products and vehicle accessories will continue to grow alongside the strong demand for our major customers' vehicles," he said.
As of June 30, Perodua had produced 153,813 vehicles, an increase of 17 per cent compared with 131,641 units made in the same period of 2022.
At the midday break, Betamek's share rose 2.08 per cent or one sen to 49 sen, bringing its market value to RM220.5 million.
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