Published on June 10th, 2020 | by Subhash Nair0
Perodua Cuts Prices By 3%-6% Before 15 June 2020
Starting the 15th of June 2020 and until 31st December 2020, the government will not be collecting sales tax on locally-assembled vehicles (CKD). Rather than leave its customers and dealers to wait for 4 days, the company is offering cash rebates that lower the on-the-road price excl. insurance) between 3% to 6% from today onward. Check out their website or contact your local dealer for exact pricing details.
Here’s the press release with more.
Perodua will reduce its model prices(on-the-road excluding insurance) by between 3% and6% via cash rebates until 14 June 2020 and will incorporate the new prices throughout the tax reduction period as recently announced by the Prime Minister.
“Despite the tax reduction only becoming effective 15 June 2020, Perodua will offer cash rebates between 3% and 6% for the purchase of our vehicles beginning today,” Perodua President and Chief Executive Officer,Dato’ Zainal Abidin Ahmad said.
“We want everyone to take this opportunity to own a Perodua without worrying about being left out. Pleasevisit any Perodua sales outlet and speak to our authorised sales advisors for the total cash rebate amounts and the full price list that will be effective 15 June,” he added.
In his Economic Recovery Plan address on 5 June, Malaysian Prime Minister YAB Tan Sri Muhyiddin Yassin announced various measures and incentives to stimulate the economy amidst the ongoing COVID-19 crisis that has gripped the nation.
Among the incentives to assist the automotive industry are a 100% sales tax exemption on new completely-knocked-down (CKD) vehicles and a 50% exemption for completely-built-up (CBU) vehicles until the end of the year.
“Perodua is 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,” said Dato’ Zainal.
Perodua’s current model range comprises the Myvi, Axia, Bezza, Aruz and Alza.
“The Malaysian public are understandably spending more cautiously due to COVID-19 and the Movement Control Order, although personal vehicles are still very much needed in these trying times,” said Dato’ Zainal.
“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 added.
Perodua has sold 52,920 vehicles as of the first five months of 2020, giving it a 41% market share against an estimated year-to-date total industry volume of 129,401 units.
All current Perodua models have over 90% local content, and last year, the carmaker purchased RM5.4 billion worth of components from Malaysian suppliers.
“As Malaysia’s biggest carmaker by volume, we reiterate our commitment to the government to contribute wherever and whenever we can to ensure the industry can get through this difficult time,” said Dato’ Zainal.