Miti confirms that various incentives via MOF provided for vehicles assembled in Malaysia

Sultan Ibrahim toured facility's operations, vehicle models, production processes, test-drove Aurus vehicle

LONDON, June 30 — Tariff cuts for the automotive and aerospace sectors have come into force after United Kingdom (UK) Prime Minister Keir Starmer finalised parts of a deal for relief from the United States' (US) import taxes.

KUALA LUMPUR, March 10 — The Transport Ministry has gazetted changes to the Motor Vehicle (Construction and Use) Rules under the Transport Act 1987 to ensure national legislation remains aligned with technological advancements and supports innovation in the country’s automotive sector.

BEIJING, Sept 25 — China strongly objects to the United States' (US) proposal to restrict the use of Chinese-connected vehicles, as well as their software and hardware, in the US, the Ministry of Commerce said today, reported Xinhua.

By Danial Dzulkifly SHAH ALAM, July 10 — The Selangor government has implemented several strategies to develop Serendah as the national hub for logistics, transportation and auto manufacturing, said the state executive councillor for trade, investment, and mobility Ng Sze Han. Speaking during...

BANGKOK, May 17 — Malaysia has overtaken Thailand as Asean’s second-largest auto market after Indonesia, reflecting a major shift in a region that has become a key battleground for Asian automakers, Japan’s Nikkei Asia online newspaper reported.

KUALA LUMPUR, Sept 22 — Proton Holdings Bhd’s first new-energy vehicle, the X90, has made its debut in three export markets — Mauritius, South Africa, and Brunei — with export sales growth in international markets being a key pillar among the national carmaker’s long-term goals.

PETALING JAYA, July 20 — Sales of new motor vehicles continued to grow strongly in the first half (1H) of 2023, with total industry volume (TIV) rising by 10.3 per cent to 366,037 units from the 331,746 units recorded in the same period last year, the Malaysian Automotive Association (MAA) said.

SEKINCHAN, July 18 — Chinese automobile manufacturer Geely will invest US$10 billion (RM45.4 billion) to turn Tanjung Malim, Perak, into the region’s largest auto city.

KUALA LUMPUR, May 12 — The government is committed to developing the automotive industry as a strategic economic sector that opens up numerous precision engineering opportunities, said Investment, Trade and Industry (Miti) Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR, March 24 — MIDF Amanah Investment Bank Bhd (MIDF) has revised its 2023 forecast total industry volume (TIV) for the automotive sector upward by 5.0 per cent to 713,000 units, premised on the industry’s order backlog.

KUALA LUMPUR, March 23 — The total industry volume (TIV) for the auto and auto parts sector in March 2023 is expected to be stronger, being the last month for carmakers to deliver the sales and service tax (SST)-exempt orders.

KUALA LUMPUR, Feb 2 — MIDF Research (MIDF) has maintained its positive stance on Malaysia’s automotive sector, premised on the expectation that the total industry volume (TIV) will remain elevated, given the large backlog of orders and the still strong new booking momentum.

KUALA LUMPUR, June 22 — Maybank Investment Bank Bhd (Maybank IB) foresees unnecessary issues over the next nine months in the automotive sector with a rise in speculative bookings until end-Jun 2022 followed with cancellations until end-Mar 2023.

KUALA LUMPUR, Feb 23 — The Malaysian automotive sector is expected to remain positive in 2022 with total industry volume (TIV) growth to increase 12-14 per cent year-on-year (y-o-y), as the flood-induced supply disruption in January 2022 is temporary, said MIDF Research.