2024 KIA EV9 launched in Malaysia from RM369k - GT-Line, 2 variants, 505km range, your choice of 6 or 7 seats
Neta L unveiled in China with new Snapdragon Ride Flex Fusion Platform - REEV with over 1,000km range!
Home News Auto News Change in electricity tariff raised car prices Change in electricity tariff raised car prices Auto News Adam Aubrey | January 20, 2023 03:30 pm Electricity tariff hike affected car prices - manufacturers had to pass some of the cost to consumers. The recent automotive annual review by the Malaysian Automotive Association (MAA) brought to light some interesting facts. In summary, 2022 was the best year ever for car sales, and they predict that 2022 will see a slowdown in car purchases due to fears of recession. One of the other factors that might slow down car sales in 2023 is the hike in electricity tariff, because indirectly, it affected car prices. Remember when some auto manufactures announced an increase in prices for their cars earlier this year? well, this is one of the reasons why they had to do so. According to UMW Toyota Motor's Mr. Ravindran K., who is currently the MAA Council's Vice-President for Trade, "when electricity prices go up, we will take half of the cost, and the other half will be passed to the consumers." "We (auto manufacturers) will try as best as we can to hold as much as possible, but some will have to be passed to consumers," said Ravindran. It seems the revision of the electricity tariff for industrial users (medium- and high-voltage users) at the end of last year is the main culprit for the increased prices of cars. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags MAA Ravindran Kurusamy UMW Toyota automotive outlook 2023 Print Adam Aubrey Content Producer Wants to live the simple life, especially when it comes to cars and bikes. That's what tech is for he reckons, to make motoring simpler Related News MAA – Government Department Cause Of New Vehicle Pricing Delay Auto News Eric | January 18, 2019 If you’re wondering why the prices of some recently-introduced models are listed as an estimate, the Malaysian Automotive Association (MAA) might ... MAA: Government‘s Inability To Address Delay In Approval Of Car Prices Hurting Auto Sector Auto News Hans | January 16, 2019 The Ministry of Finance’s refusal to make decisions with regards to approval of tax incentives for qualified locally-assembled vehicles is the reason ... UMW Toyota's Ramadan Promotion Offering Up To RM3,500 Cash Rebate, “Duit Raya”, And Free Accessories Auto News Gokul | May 04, 2018 Throughout the month of May and the upcoming holy month of Ramadan, UMW Toyota Motor and it’s authorised dealers are having a ‘Jalan Cerita – Ramadan ... Post-GST Slump - Vehicle Sales Down By Over 30 Percent Auto News Hans | May 22, 2015 As expected, new vehicle sales took a big hit following the pre-GST buying frenzy in February and March. New vehicle sales for the month of April ... Comments
Change in electricity tariff raised car prices Auto News Adam Aubrey | January 20, 2023 03:30 pm Electricity tariff hike affected car prices - manufacturers had to pass some of the cost to consumers. The recent automotive annual review by the Malaysian Automotive Association (MAA) brought to light some interesting facts. In summary, 2022 was the best year ever for car sales, and they predict that 2022 will see a slowdown in car purchases due to fears of recession. One of the other factors that might slow down car sales in 2023 is the hike in electricity tariff, because indirectly, it affected car prices. Remember when some auto manufactures announced an increase in prices for their cars earlier this year? well, this is one of the reasons why they had to do so. According to UMW Toyota Motor's Mr. Ravindran K., who is currently the MAA Council's Vice-President for Trade, "when electricity prices go up, we will take half of the cost, and the other half will be passed to the consumers." "We (auto manufacturers) will try as best as we can to hold as much as possible, but some will have to be passed to consumers," said Ravindran. It seems the revision of the electricity tariff for industrial users (medium- and high-voltage users) at the end of last year is the main culprit for the increased prices of cars. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags MAA Ravindran Kurusamy UMW Toyota automotive outlook 2023
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
MAA – Government Department Cause Of New Vehicle Pricing Delay Auto News Eric | January 18, 2019 If you’re wondering why the prices of some recently-introduced models are listed as an estimate, the Malaysian Automotive Association (MAA) might ...
MAA: Government‘s Inability To Address Delay In Approval Of Car Prices Hurting Auto Sector Auto News Hans | January 16, 2019 The Ministry of Finance’s refusal to make decisions with regards to approval of tax incentives for qualified locally-assembled vehicles is the reason ...
UMW Toyota's Ramadan Promotion Offering Up To RM3,500 Cash Rebate, “Duit Raya”, And Free Accessories Auto News Gokul | May 04, 2018 Throughout the month of May and the upcoming holy month of Ramadan, UMW Toyota Motor and it’s authorised dealers are having a ‘Jalan Cerita – Ramadan ...
Post-GST Slump - Vehicle Sales Down By Over 30 Percent Auto News Hans | May 22, 2015 As expected, new vehicle sales took a big hit following the pre-GST buying frenzy in February and March. New vehicle sales for the month of April ...