Malaysian motor traders bullish about 2021 on the back of extended govt incentives, tax exemptions
PETALING JAYA, Jan. 21 -- After promising numbers in the last two quarters of 2020, the Malaysian Automotive Association (MMA) are optimistic in projections for vehicle sales this year.
MMA president Datuk Aishah Ahmad, at a virtual press conference this morning, pointed out how one of the main reasons behind better numbers in Q3 and Q4 of 2020 were the government incentives and tax exemptions offered under the Penjana stimulus package.
As such, the government's decision to extend the sales tax exemptions and incentives for passenger vehicles until June 31 this year, now under the recently announced Permai stimulus package, should further encourage buyer sentiments she said.
"In 2020 the total industry volume (TIV) was at 529,434 vehic...
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