Under the Economic Recovery Plan or Penjana, Prime Minister Tan Sri Muhyiddin Yassin said the government’s incentive to reduce the sales tax for new vehicles for six months till December was aimed at spurring the growth of the local industry.
With the incentive announced by the government, Perodua has taken an initiative by offering cash rebates of between 3% to 6% for all model on-the-road excluding insurance prices from today until June 14,2020.
Perodua is in full support of the government’s move to exempt the sales tax
Perodua said this initiative is made to allow customers to purchase a car at a lower price even before the 100% sales tax exemption on new completely-knocked-down (CKD) vehicles and a 50% sales tax exemption for completely-built-up (CBU) vehicles as announced by our PM to help the local automotive sector recover from the Covid-19 crisis.
“We want everyone to take this opportunity to own a Perodua without worrying about being left out,” said president and chief executive officer Datuk Zainal Abidin Ahmad.
Furthermore, Perodua is also in full support of the government’s move to fully exempt sales tax for the purchase of CKD cars until the end of the year to shore up the domestic economy.
“This move to fully exempt CKD cars from sales tax is a confidence boost for the automotive industry, not just for car buyers but the entire ecosystem of manufacturers, suppliers and dealers.”
“Along with low financing rates at this difficult time, we are cautiously optimistic that this will spur new car sales,” he said.
The local carmaker sold 52,920 vehicles for the first five months this year
For the first five months of this year, Perodua sold 52,920 vehicles, giving it a 41 per cent market share against an estimated year-to-date total industry volume of 129,401 units. With all current Perodua models having over 90% local content, the carmaker purchased RM 5.4 billion worth of components from Malaysian suppliers last year. Consumers that are in need of new vehicles should take advantage of the six-month period sales tax exemption.