Car companies and buyers of locally assembled (CKD) cars in Malaysia can breathe a sigh of relief as the Ministry of Finance (MoF) has agreed to delay the implementation of a revised Open Market Value (OMV) calculation method used to determine the excise duty payable. This means the feared price hike for CKD cars, which in the context of Malaysian taxation also includes semi-knocked down (SKD) cars, will be postponed until 1 January 2026. However, this is only a temporary respite, as the written

Hans

Dec 21, 2024

Following its debut at the recent KL International Motorshow (KLIMS) 2024 show, UMW Toyota Motor has now confirmed pricing for the (XV80) 2024 Toyota Camry entry-level 2.5V variant. Taking its place alongside the already launched Camry 2.5 HEV, both variants are priced as follows: Toyota Camry 2.5V: RM 221,800 Toyota Camry 2.5 HEV: RM 248,800 Listed prices are OTR (Peninsula Malaysia) without insurance The new XV80 Camry 2.5V pricing reflects a slight increase over the outgoing XV70, which was l

Arvind

Dec 20, 2024

Toyota has introduced a new powertrain option for the Japanese market Toyota Alphard and Vellfire, with sales set to begin on 31 January 2025. The 2.5-litre PHEV will join the existing powertrain lineup, which includes the 2.4-litre turbocharged T24A-FTS, the 2.5-litre hybrid (HEV, A25A-FXS), and the regular non-electrified 2.5-litre naturally aspirated engine (2AR-FE). The PHEV variant uses the same 2.5-litre naturally aspirated Atkinson cycle 4-cylinder engine as the regular HEV model but adds

Hans

Dec 20, 2024

The Tesla Model Y has been the benchmark in the RM 200k battery electric vehicle (BEV) segment. However, with increasing competition from brands like BYD, the playing field is shifting. Enter the BYD Sealion 7 Performance, priced at RM 199,800. Essentially an SUV adaptation of the BYD Seal, the Sealion 7 goes head-to-head with the Tesla Model Y. Let’s dive into the details to see how it stacks up. Overview: BYD Sealion 7 Performance Price RM 199,800 Powertrain Dual-motor AWD Battery capacity 82.

Shaun

Dec 20, 2024

Taiwan’s Hon Hai Precision Industry Co., better known as Foxconn, is in talks with Renault to purchase the latter’s controlling stake in Nissan, reports Taiwan’s Central News Agency (CNA). Renault owns 35.7% of Nissan; 17% is owned directly by Renault, while the remaining 18.7% is held via a French trust. According to CNA, Foxconn had initially approached Nissan directly but was rebuffed, prompting the Japanese automaker to accelerate talks with Honda. Separately, Japan’s business publication Di

Hans

Dec 20, 2024