MAA: Price of CKD cars may increase 8-20% next year

MAA president Datuk Aishah Ahmad

KUALA LUMPUR: The price of locally assembled completely knocked-down (CKD) cars is expected to increase by eight to 20 per cent next year, based on the new open market value (OMV) excise duty calculation method.

Malaysian Automotive Association president Datuk Aishah Ahmad said however, the industry has asked the government to revert to the previous calculation methodology to avoid an increase in CKD car prices.