Thursday, October 21, 2010

Hybrid cars to be more affordable by 2011

The prices of hybrid cars are expected to be more attractive next year to boost sales after Budget 2011 announcement of duty exemptions for the cars below 2,000 cc until Dec 31, 2011.

President of Malaysian Automotive Association, Datuk Aishah Ahmad, said currently, hybrid cars in Malaysia were expensive where fewer than 300 cars had been sold.

"The prices will definitely go down next year. At the moment, the industry players are doing the pricing," she told a media briefing after the launch of KL International Motor Show 2010's (KLIMS'10) advertising and promotional campaign here today.

The campaign, entitled 'We Care', was launched by Tourism Minister, Datuk Seri Dr Ng Yen Yen.

Aishah said the granting of a manufacturing plant licence to Berjaya Corp Bhd by the Ministry of International Trade and Industry for the assembly of commercial vehicles, hybrid cars, electric cars and luxury passenger vehicles was a good sign for Malaysia's motor vehicle industry.

"This may attract more investors to come to Malaysia and it will be a good opportunity for the industry," she said.

KLIMS'10, which will be held from Dec 3-12 this year, is expected to attract 330,000 visitors and tourists. The event will be held at Putra World Trade Centre. -- Bernama

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