I wrote this long time back but forgot to put it up on the blog. So here is the framework of the National Automotive Policy of Malaysia.
The Objectives:
1. To promote a competitive and viable automotive sector, in particular he national car manufacturers.
2. To become a regional hub for manufacturing, assembly and distribution for automotive vehicles.
3. To enhance value added and local capabilites in the automotive sector.
4. To promote export-oriented Malaysian manufacturers as well as component and parts vendors.
5. To promote competitive and broad-based Bumiputra participation in vehicle manufacturing, distribution and importation as well as in component and parts manufacturing.
OTHERS:
- Reduction in import duties for CBU vehicles. ASEAN countries: from 20% to 15% and Non-ASEAN: From 50% to 30%
- Import duties for CKDs maintained: 0% for vehicles from ASEAN and at 10% on non-ASEAN.
- Reduction in excise duties for passenger cars and 4WDs. The reduction is the highest in passenger cars: 90%-250% to 80%-200%.
- However, Excise duties for MPV/vans to increase.
- Approved Permits (AP) to be phased out in the long term.
This represent a movement in the right direction but maybe a bit too late as other countires like Thailand have already moved way ahead.
However as they say, better late than never.
LatterCars.Com: Some cars whose model names begin with the letter "G" include the Golf, Grand Voyager, Galant, Grand Am, Grand Prix and Gremlin. Makes of cars that start ...
Sunday, November 13, 2005
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