Following Prime Minister Tan Sri Muhyiddin Yasin’s announcement last week with regard to the Short-Term Economic Recovery plan, Volvo Car Malaysia today released its new price list for all Volvo CKD (Completely Knocked Down) models to exclude sales tax, effective 15 June to 31 December 2020.
Nalin Jain, Managing Director of Volvo Car Malaysia, said: “We fully welcome the introduction of the sales tax holiday and are grateful for the opportunity to pass on the full benefits to our customers. The incentive comes at an opportune time especially as the nation and the auto sector look towards recovery, onward from challenges brought on by the pause in business operations. We are hopeful that the reduced-price tags will encourage car buyers to invest in a car built with safety in mind and in the short-term period, recharge the automotive industry in Malaysia.”
The full range of Volvo CKD line-up in Malaysia will receive a discount and the revised retail price listed for all models are on-the-road, without insurance, inclusive of excise duty and exclusive of sales tax.