The investment, trade and industry ministry (MITI) has said that car prices in Malaysia are market-determined and not controlled by the government, which has provided various incentives and tax breaks for locally-assembled (CKD) vehicles via the finance ministry, Bernama reports.
“The purpose of these incentives includes encouraging the use of locally produced components from vendors, promoting quality investments, and conducting research and development activities in Malaysia.
“Through these incentives and tax exemptions, vehicle manufacturers can offer competitive prices for the local market compared to fully imported vehicles,” MITI wrote in reply to Senator Datuk Ahmad Ibrahim, who asked in the Dewan Negara if the ministry intends to review the prices of Malaysian-made cars, which are perceived as expensive despite zero import duties, forcing people to take long-term loans.
“Perodua produces its Rahmah category vehicles, which are affordably priced at RM22,000, excluding insurance, enabling more people to own a car. Proton also offers the Saga model priced under RM40,000. The government hopes that through this approach, people can choose vehicles that fit their financial capabilities to avoid a heavy financial burden,” added MITI.
Looking to sell your car? Sell it with Carro.
yea right, if they dont impose higher duties, car price should be lower by now
THATS A TOTAL BULL SHEET!
Who put the 100k cap on EV? and for no apparent good known reason, its still a mystery!
lol, seriously talk sh*t man, asked any industrian, things import or CKD all need to go thru MITI. everyone knows MITI > kastam
Rrrriiigggghhttttt. Then the govt should share how these companies work out their pricing then, and how much tax is being included for the price. I always read the news that car companies provide estimated price, and the final price is to be determined upon approval by the govt. Then explain why cars in Australia, New Zealand and a number of no automotive manufacturing is cheaper? Even it it’s almost the same, the spec will surely be better equipped. Now the govt can stop protecting Proton as almost half of it is owned by Geely, so stop protecting them already. Even if I calculate importing direct from Japan, the car would cost 1 fold when coming to Malaysia.
One will realise how nonsense it sounds where there is cut here, AP there, middle person another and Protection Taxes just to increased the car prices at the protection of the special.
What is government approved price then?
Huh?
So the super fat car import tax doesnt determine the car prices…. ok…
Malaysians knows exactly how misleading the title of this article is.
All talk kok. Trust me, ask honda and toyota to sell their vios yaris and city between 60-85k, and both companies would be more than happy to oblige.15 years ago Toyota started to introduce budget spec entry level known as Vios J, the lowest price allowed by govt as RM69,999.
Honda didn’t even bother. Sell higher, better margin, it said.