National Automotive Policy 2014 lacks proper incentives, say dealers


PETALING JAYA: Proton Edar Dealers Association Malaysia (PEDA) said the National Automotive Policy (NAP) 2014 lacks the proper policy and incentives to encourage local manufacturers to pursue the development of their own cars.

“PEDA welcomes all efforts and policies for cheaper cars, but incentives should be given to manufacturers who produce made-in-Malaysia vehicles from their own research and development (R&D) initiatives,” PEDA president Armin Baniaz Pahamin said in a statement.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Oil slides on Iran supply prospects as traders wait on Warsh
ESG-ready Malaysian businesses better positioned to penetrate EU market, says GRI
Airbus confirms cancellation of AirAsia X order for 15 A330-900 aircraft
Dollar on the defensive ahead of first Fed decision under Warsh
Singapore's May exports rise bigger-than-expected 38.4% y-o-y, boosted by AI demand
Japan's exports beat forecast in May on strong chip demand
AI-ready DC marks MRCB diversification move
Greentec in metal recovery business tie-up
Vantris turnaround on track on balance sheet strength
UEM Sunrise gets investor for Aussie project

Others Also Read