Malaysia and China led their positions as the most attractive auto production markets, said analyst Monday.
Fitch Solutions said in its recent update of Autos Production Risk/Reward Index (RRI), Malaysia had taken the lead (71.2) of the regional RRI, replacing Thailand (69) which had dropped to third on the back of a lower score for the size of its labour force.
Meanwhile, China took second place (69.2) with perfect relative scores of 100 for its vehicle production volume, competitive landscape and manufacturing landscape.
Overall, Asia maintained its position as the most attractive region globally to begin or maintain autos manufacturing operations, above second placed Europe, with a score of 52.8.
The report also highlighted that Thailand, Malaysia, China and India offered the most attractive rewards for automakers looking to begin or maintain manufacturing operations in Asia, with Japan being the only developed Asian market in the top five regionally, when ranked according to overall reward potential.