In a statement, the Malaysian Investment Development Authority said the new incentive was timely as the automotive industry in Asean had been rapidly evolving, with countries continuously innovating policies and strategies to attract investments, particularly for electric vehicles.
PETALING JAYA: The extension and enhancement of the automotive industry incentive by the government will attract more homegrown companies to explore expansion opportunities by venturing into new high-tech and high value-added products while expanding their supply chain in the region.
In a statement, the Malaysian Investment Development Authority said the new incentive was timely as the automotive industry in Asean had been rapidly evolving, with countries continuously innovating policies and strategies to attract investments, particularly for electric vehicles. ─ Bernama
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