How arrogance, myopia stalled Malaysia’s automotive dreams

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Malaysia’s neighbours are pulling ahead in developing their automotive industry. (AP pic)PETALING JAYA: “Arrogant” and shortsighted policies, including an opaque incentive scheme, have undermined Malaysia’s chances of becoming an automotive hub in Southeast Asia, says a seasoned industry watcher.Veteran motoring journalist Yamin Vong, who has written extensively on the industry since the 1980s, said Malaysia had “missed the boat” in developing its vision of being an automotive hub – a vision nurtured in the 1990s with the emergence of Proton.The National Automotive Policy drafted in 2006 had been exclusive in nature, he said. “We set too many conditions. We were then a shining star in Asean, with carmakers being fixated on Malaysia due to our relatively huge middle class who had the purchasing power to buy passenger cars rather than relatively low-profit pick-up trucks.“We cou…