It is official. Following the announcement of another record-breaking performance in new vehicles sales last year, the Malaysian Automotive Association (MAA) confirmed that the open market value (OMV) excise duty revision is deferred to January 2026. The current OMV excise duty or to give it its full title of the Excise (Determination of Value of Locally Manufactured Goods for the Purpose of Levying Excise Duty) Regulations 2019 expired on 31 December 2024. Had the excise duty been revised, we w

CY Foong

Jan 21, 2025

The Malaysia Automotive Robotics and IoT Institute (MARii) and the Malaysian Automotive Association (MAA) have signed a Memorandum of Understanding (MoU) to collaborate on automotive exhibitions and motor shows on an alternate-year schedule from 2025 to 2028. Under this agreement, MARii will continue hosting the Malaysia Autoshow (MAS), while MAA will organize the Kuala Lumpur International Mobility Showcase (KLIMS). This arrangement aims to optimize resources, provide stakeholders with more pre

Arvind

Jan 21, 2025

The Malaysian Automotive Association (MAA) announced that new vehicle sales in 2024 surpassed the 800,000 units threshold, setting an all-time high with a Total Industry Volume (TIV) of 816,747 units. This marked a 2.1% increase (up 16,926 units) from the previous record of 799,821 units in 2023. The growth was driven by a resilient economy, improved domestic demand, and strong performances in the passenger car subsegment. This is the third consecutive year the Malaysian TIV has been on an uptre

Arvind

Jan 21, 2025

The Malaysian Automotive Association (MAA) announced that sales of electrified vehicles (xEV) grew 19% from 38,214 units in 2023 to 45,562 units last year. Around 67% of the total xEVs sold in 2024 or 30,796 units consisted of hybrid vehicles - include PHEVs, HEVs, and MHEVs. Sales of hybrid vehicles climbed 9.7% in 2024 from the 28,055 units sold the year before but MAA is expecting the outlook of hybrid vehicles to be even stronger with the rationalisation of subsidised RON 95 petrol which is

CY Foong

Jan 21, 2025

China's Leapmotor, and a relatively new entrant to Malaysia's car market, has announced its sales figures for 2024, an increase over 2023 stemming from higher domestic orders and fast expansion into overseas markets. In December 2024, Leapmotor delivered 42,517 units in China, marking a 128% year-on-year increase. However, the real highlight comes from its total sales for the year that reached 293,724 units, solidifying its position among China’s top NEV brands. Globally, Leapmotor International

Sanjay

Jan 21, 2025