The (
Second Automobile Manufacturer Private Limited), usually abbreviated to
Perodua , is
Malaysia's largest automobile manufacturer closely followed by
Proton. It was established in 1992 and launched their first car, the
Perodua Kancil in August 1994. 'M2' refers to the codename which was used when the project to establish Perodua was still top secret. The shareholders of Perodua are UMW Corporation Sdn Bhd with 38% stake, Daihatsu Motor Co. Ltd. (20%), MBM Resources Bhd (20%), PNB Equity Resources Corporation Sdn Bhd (10%), Mitsui & Co. Ltd (7%) and Daihatsu (Malaysia) Sdn Bhd (5%).