Perodua reduces car prices by 3% to 6% via cash rebates from Wednesday

Perodua president and CEO Datuk Zainal Abidin Ahmad said despite the tax reduction only becoming effective next Monday, the company will “offer cash rebates between 3% and 6% for the purchase of our vehicles beginning today”.

KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) will reduce its model prices (on-the-road excluding insurance) by between 3% and 6% via cash rebates until Sunday despite that it only takes effect next Monday.

It said on Wednesday it will incorporate the new prices throughout the tax reduction period as recently announced by Prime Minister Tan Sri Muhyddin Yassin.

Perodua president and CEO Datuk Zainal Abidin Ahmad said despite the tax reduction only becoming effective next Monday, the company will “offer cash rebates between 3% and 6% for the purchase of our vehicles beginning today”.

“We want everyone to take this opportunity to own a Perodua without worrying about being left out. Please visit any Perodua sales outlet and speak to our authorised sales advisors for the total cash rebate amounts and the full price list that will be effective 15 June, ” he added.

Muhyiddin had on June 5, when unveiling the Economic Recovery Plan, announced various measures and incentives to stimulate the economy amidst the ongoing Covid-19 crisis that has gripped the nation.

Among the incentives to assist the automotive industry are a 100% sales tax exemption on new completely-knocked-down (CKD) vehicles and a 50% exemption for completely-built-up (CBU) vehicles until the end of the year.

“Perodua is in full support of the government’s move to fully exempt sales tax for the purchase of CKD cars until the end of the year to shore up the domestic economy, ” Zainal said. Perodua’s current model range comprises the Myvi, Axia, Bezza, Aruz and Alza.

“This move to fully exempt CKD cars from sales tax is a confidence boost for the automotive industry – not just for car buyers but the entire ecosystem of manufacturers, suppliers and dealers. Along with low financing rates at this difficult time, we are cautiously optimistic that this will spur new car sales, ” he added.

Perodua has sold 52,920 vehicles from January to May, or a 41% market share against an estimated year-to-date total industry volume of 129,401 units.

All current Perodua models have over 90% local content, and last year, the carmaker purchased RM5.4bil worth of components from Malaysian suppliers.