Mitsubishi 2003 Annual Report Download - page 34

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32
ANNUAL REPORT 2003 POWER TO CHANGE
INDONESIA
Total auto sales rose 5% in 2002 to 265,000 units. MMC’s local sales increased 22% to 42,000 units.
MALAYSIA
Total volume demand in the Malaysian market grew 10% to 421,000 units. Vehicle sales by PROTON, the local car manufac-
turer in which MMC holds an equity stake, rose 4% to 222,000 units.
AUSTRALIA
Total volume demand increased 6% in 2002 to 801,000 units. MMC’s sales in Australia through local sales subsidiary, Mitsubishi
Motors Australia Limited (MMAL), declined 1% to 65,000 units. Exports to North America jumped 26% to 24,000 units.
TRUCK & BUS
JAPAN
Market demand for trucks and buses sank to a record low in the first half of fiscal 2002 as the effects of the persistent
economic downturn continued to bite. Although the economy failed to recover in the second half, tighter NOx and particu-
late matter emission regulations fueled higher demand for diesel trucks, particularly in the Tokyo area. Over the full year,
commercial vehicle demand recorded a small year-on-year gain. Total truck demand edged up 1% to 199,000 units, while
total bus demand increased 5% to 11,000 units.
Sales of Mitsubishi’s FUSO-branded regular trucks climbed 5% to 22,000 units, while sales of small trucks dropped 1% to
38,000 units. Total truck sales were up 1% at 61,000 units. Bus sales rose 6% to 4,000 units. Total truck & bus sales increased
1% to 65,000 units.