PETALING JAYA: Automotive players have begun raising prices for their multi-purpose vehicle (MPV) and sports-utility vehicle (SUV) models affected by the recent 5% hike in excise duties.
MIDF Research said this was following reports that the excise duty had been raised by 5%, from 60% to 65%, for MPVs or SUVs with engine capacities of 1.5 litres and below.
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