Sunday, January 19, 2014

Lower Car Price Soon?

Expected the revised National Automotive Policy (NAP) to be unveiled this after to include measures that will see gradual reduction in car prices.

Some industry observers even expect the prices to go down as much as 30 per cent over at least a four-year period.

This is expected to be brought about by offering more incentives to encourage the assembling of completely knocked-down (CKD) vehicles locally.

That will mean higher local component content, which in turn will help to reduce the selling price.

Hope everyone of us in Malaysia will be enjoy lower car price soon.

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