CIMB Research said the just-announced fuel subsidy mechanism is expected to underpin sales momentum in the national car segment for Proton Holdings Bhd and Perodua as well as Japanese marques.
PETALING JAYA: The proposed trade-in offer for cars above 20 years announced in Budget 2026 aims to simultaneously tackle road safety and environmental concerns while promoting responsible end-of-life vehicle disposal.
Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim in presenting the budget in Parliament last Friday said the government, together with national vehicle manufacturers, are providing matching grants of up to RM4,000 to encourage owners to dispose of old vehicles and purchase new national vehicles.
