KUALA LUMPUR: The automotive industry is expected to see continued sales support from the extension of the sales and service tax (SST) exemption until June 30, 2022, although the remainder of the year could prove challenging.
In its sector update, Hong Leong Investment Bank (HLIB) Research said while sales will be boosted in 1H2022, it expects sales in the second half to be weak as consumers would have brought forward their purchases to the first half of the year.
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