Socar records robust MoM growth post-MCO

KUALA LUMPUR: SOCAR Mobility Malaysia is confident of its growth prospects in 2023, strengthened by promising numbers achieved across 2022.

Since travel restrictions were lifted, the car rental platform has recorded robust month-on-month growth, with a 60 per cent increase in users from 5,000 during the conditional Movement Control Order period to over 20,000.

The company noted that this indicated a demand for mobility options and the relevance of car rental as a choice for drivers.

"When many among the public are reevaluating their financial commitments, Socar offers drivers a convenient way to access a range of car models to suit their needs on demand while providing the possibility of living car-free the rest of the time," chief executive officer Shylendra Nathan said.