PETALING JAYA: The measures announced in Budget 2025 regarding the trade-in of old cars and the end of excise duty exemptions on completely built-up (CBU) electric vehicles (EVs) are expected to indirectly benefit MCE Holdings Bhd
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Hong Leong Investment Bank (HLIB) Research believes the removal of tax exemptions, coupled with the RM4,000 incentive for trading in old cars to purchase new national makes, will stimulate demand for Proton and Perodua vehicles.
