The Malaysian Automotive Association (MAA) welcomes the Inland Revenue Board of Malaysia’s (LHDN) move to implement e-invoicing in 1-August 2024. The new digital invoices will replace traditional paper-based invoices. The goal is to improve efficiency in recording financial transactions and facilitate real-time data collection. The adoption of e-invoicing will also close the loophole exploited by many car dealers in assisting customers to ‘over-finance’ their cars, by over-declaring the value of

Hans

Jul 16, 2024

During the major floods of 2021, vehicle losses in Malaysia were estimated to be around RM 1 billion, according to the Malaysian Department of Statistics. Without insurance, many vehicles would have been written off due to flood and mechanical damage, leaving thousands of owners in a difficult situation. Insurance is a crucial part of car ownership, protecting you and your vehicle from unforeseen incidents such as accidents, natural disasters, and legal liabilities against other road users. Howe

Arvind

Jul 16, 2024

At a press conference today, the Malaysian Automotive Association (MAA) announced that it has revised its sales forecast of Total Industry Volume (TIV) for 2024. Forecasted TIV for passenger vehicles in 2024 increased by 4.3% from 666,000 units to 696,150 units. However, the revised forecast figures show a 3.2% drop compared to 2023’s actual sales figures which set the highest record at 719,160 units. MAA revised TIV sales forecast 2024 Market segment 2024 (Original forecast) 2024 (Revised forec

CY Foong

Jul 16, 2024

The Kuala Lumpur Traffic Investigation and Enforcement Department, led by Police Chief Datuk Rusdi Mohd Isa, has announced the closure of several major roads in the city in preparation for the installation ceremony of His Majesty the Yang di-Pertuan Agong Sultan Ibrahim. The event will take place on Saturday, 20-July 2024, at Istana Negara. A total of 14 roads will be affected by these closures, which will be implemented in stages. The Traffic Investigation and Enforcement Department will deploy

Shaun

Jul 16, 2024

The Malaysian Automotive Association (MAA) reported that 6,117 battery-electric vehicles (BEVs) were sold in the first half of 2024, marking a 112% increase from the same period last year, which recorded 3,117 units. Note that this figure does not include Tesla vehicles or grey import/reconditioned cars, as these are not MAA members. This exclusion accounts for the discrepancy between MAA's figures and the registration data from the Road Transport Department (JPJ). Total electrified vehicle (xEV

Shaun

Jul 16, 2024