Perodua Giving Cash Rebates Before Tax Reduction Period

Perodua is giving cash rebates for any cars sold between now and 14 June 2020. During this period, the company will reduce its model prices (on-the-road excluding insurance) by between 3% and 6% via the cash rebates. This allows Perodua to incorporate the new model prices that will be reduced due to the implementation of the sales tax exemption starting on 15 June 2020.

“Despite the tax reduction only becoming effective 15 June 2020, Perodua will offer cash rebates between 3% and 6% for the purchase of our vehicles beginning today,” Perodua President and Chief Executive Officer, Dato’ Zainal Abidin Ahmad said.

“We want everyone to take this opportunity to own a Perodua without worrying about being left out. Please visit any Perodua sales outlet and speak to our authorised sales advisors for the total cash rebate amounts and the full price list that will be effective 15 June,” he added.

On 5 June, Malaysian Prime Minister YAB Tan Sri Muhyiddin Yassin announced an Economic Recovery Plan involving various measures and incentives to stimulate the economy amidst the ongoing COVID-19 crisis that has gripped the nation.

Among the incentives to assist the automotive industry are a 100% sales tax exemption on new completely-knocked-down (CKD) vehicles, and a 50% exemption for completely-built-up (CBU) vehicles until the end of the year.

Getting the Economy Going Again

“Perodua is in full support of the government’s move to fully exempt sales tax for the purchase of CKD cars until the end of the year to shore up the domestic economy,” said Dato’ Zainal. Perodua’s current model range comprises the Myvi, Axia, Bezza, Aruz and Alza.

“The Malaysian public are understandably spending more cautiously due to COVID-19 and the Movement Control Order, although personal vehicles are still very much needed in these trying times,” said Dato’ Zainal.

“This move to fully exempt CKD cars from sales tax is a confidence boost for the automotive industry – not just for car buyers but the entire ecosystem of manufacturers, suppliers and dealers. Along with low financing rates at this difficult time, we are cautiously optimistic that this will spur new car sales,” he added.

Supporting Local Suppliers

Perodua has sold 52,920 vehicles as of the first five months of 2020, giving it a 41% market share against an estimated year-to-date total industry volume of 129,401 units.

All current Perodua models have over 90% local content, and last year, the carmaker purchased RM5.4 billion worth of components from Malaysian suppliers.

“As Malaysia’s biggest carmaker by volume, we reiterate our commitment to the government to contribute wherever and whenever we can to ensure the industry can get through this difficult time,” said Dato’ Zainal.