According to a report, the Naza Group of Companies says it is hoping that the government will see fit to lower the duty structure for cars by 20% to 30% for the 2012 Budget to give businesses a boost and the public the ability to spend more.
Its joint Group executive chairman Datuk SM Faisal SM Nasimuddin said the people are complaining that the duty structure was too high, adding that a reduction in duties would help create an interest among the people to buy cars, the report by Bernama stated.
“A lot of people have liquid cash but they need the right reason to spend. If we can lower the duty structure, it will help increase the saving power. There’s no point people having so much cash and they don’t want to spend. the economy will not grow,” he told Bernama at the launch yesterday of the Naza Racing Team, which will be competing in the Ferrari 458 Challenge Trofeo Pirelli Round 4 in Sepang this weekend.
In related news, Naza is hoping to bring the series to Malaysia as part of the calendar on the Ferrari Challenge Asia Pacific racing series, which is managed and coordinated by Ferrari, and that the race this weekend was an initiative carried out by the company to steer things this way.
“If they are happy with the exposure and the hospitality we show them, I’m not surprised that next year, we’re going to have five or six Malaysian cars on the Sepang circuit,” SM Faisal said.
Looking to sell your car? Sell it with Carro.
lonelyobserve
on 
theanswer
on 
kimi_
on 
MoFaz
on 
Pert
on 
Johndeep
on 
kin
on 
Expatriate VN
on 
Johndeep
on 
KZM
on 
Lim Kopi
on 
rapidshifter
on 
C~two
on 
yusof
on 
Black Dog
on 
xxWWWxxx
on 
inspirasi
on 
RedBeanBun
on 
Unforgiven
on 
EVOVII
on 
autojohndoe
on 
rosdi
on 
Anti turbo
on 
msbr91
on 
hwt
on 
M1
on 
Rain_Maker
on 
DD
on 
Vnoz
on 
JacKal
on 
lancer@Inspira
on 
PakAbu
on 
o0o
on 
syed
on 
Speedfreak
on 
ThePolygon
on 
WooTS
on 
Littlefire
on 
Iman
on 
oleoresin
on 
Bongcs
on 
alpha999
on 
tikus
on 
Estimosis
on 
MoFux
on 
RejimKejamGanas
on 
amirad
on 
CCLV
on 
awan
on 
megamind
on 
Anonymoust
on 
TallPan
on 
labuyot
on 
Ajaw
on 
tan ah kow
on 
caruser
on 
DSZ
on 
tuna
on 
Jolo
on 
BMW POWER FOREVER
on 
Accord
on 
Carl Wong
on 
Jack Leong
on 
sick&tired
on 
mirror mirror
on 
alfie60
on 
Jimmy Ng
on 
BeemerFreak
on 
APKong
on 
Prashnan
on 
i am
on 
AI-generated Summary ✨
Comments generally express support for reducing import duties and taxes on cars to lower prices and increase affordability, especially for lower-income groups, with some critics arguing it may benefit cronies and lead to profiteering. Several emphasized that current high taxes, particularly excise duties, significantly inflate car prices, and a gradual reduction could help stimulate the economy and boost car sales. Others highlighted concerns over monopolistic practices, unfair advantages for certain importers, and the need for transparency. There is a consensus that lowering duties would benefit consumers, though some skeptics doubt substantial price drops due to corruption and profiteering issues. Overall, sentiments favor tax and duty reform to make vehicles more affordable and promote fair competition, with some discussions touching on economic disparities and the impact on government revenue.