<ul><li>The Malaysian government's upcoming excise duty revisions are expected to result in significant price increases for locally-assembled (CKD) cars.</li><li>The revisions, initially scheduled to take effect in 2020 but repeatedly deferred, will introduce a new method of calculating the open market value (OMV) of CKD vehicles, which directly impacts the tax and selling price.</li><li>The implementation of these regulations could lead to CKD car prices going up by as much as 20%, causing potential challenges for carmakers and consumers.</li><li>Analysts predict lower vehicle sales in 2025 due to the OMV revisions and targeted RON 95 petrol subsidies.</li></ul>

OMV excise duty revisions to take effect soon – CKD car prices in Malaysia to go up by 8% to 20% in 2025?

Discover more