PROTON’s in-house automotive financier, Proton Commerce Sdn Bhd (PCSB) is expecting the Hire Purchase (HP) market for cars to continue to grow during the final quarter of 2020. A joint venture between Proton Edar Sdn Bhd and CIMB Bank Berhad, the company was incorporated in 2003 and offers loan packages at competitive rates for Proton car buyers with fast application and approval processes.
PROTON’s eagerly anticipated all-new model has rolled off the production line at Tanjung Malim, which saw a new RM1.2 billion extension in 2019. During the ceremony Dato’ Sri Syed Faisal Albar, Chairman of PROTON, also confirmed that in line with its bigger sibling the Proton X70, the B-segment SUV would be named the Proton X50 as the company expands its range of SUV offerings.
Malaysia’s best-selling SUV, the 2020 Proton X70, was launched in Brunei on Sunday 6 September. The country was the first export market for the Proton X70 and now is also the first export market for the upgraded Malaysian-made model from Tanjung Malim. As with its predecessor, the 2020 Proton X70 will be made available as three different variants (Standard, Executive and Premium X) and also be sold with a five-year unlimited mileage warranty.