PSA brands represented by Naza Group in Malaysia, Peugeot, Citroën and DS have all received new SST-free prices following the government’s announcement of a sales tax exemption of 100% on CKD cars and 50% on CBU cars. What might surprise many Malaysians unfamiliar with PSA products is that most of these cars are locally-assembled in Gurun.
That being said, their sales tax percentage reduction is not quite as substantial as it has been on other locally-assembled vehicles. Most hover below the 4% mark, save for the Citroën C3 Aircross 1.2 Puretech which gets a price reduction of nearly 5%. The largest actual price decrease comes from the DS 7, which goes down in price from RM259,888 to RM249,576.46. That’s a price drop of more than RM10,000. Here’s what the prices will look like for the rest of 2020.
Press Release
Naza Automotive Group, the automotive division of Naza Group, announces a new pricelist for vehicles under its automotive brands in line with the Government’s announcement of sales tax exemption for locally-assembled vehicles and tax reduction for imported cars until year-end as part of the national economic stimulus plan, Penjana. The revised pricelist, effective from 15th June 2020 until 31st December 2020, covers the wide range of models offered by Kia, Peugeot, Citroën, and DS brands.
Dato’ Nik Hamdam Nik Hassan, Group Chief Executive Officer, Automotive Group, Naza Corporation Holdings said, “The Government’s move to spur the automotive market through a sales tax exemption is a welcomed and timely initiative. This tax exemption will not only pass on significant savings to consumers, but also help automotive players to bounce back from the lull periods, post and during the COVID-19 pandemic. I hope that our customers will take advantage of the new vehicle price following the tax exemptions during this period and make a visit to our showrooms to check out the special deals the Naza Automotive Group has to offer.”
“I am positive that this will increase customers’ affordability and product acceptance. The Naza Automotive Group will continue to provide the best in pricing and customer satisfaction. With an array of technological advancement features and designs, we believe there is a Kia, Peugeot, Citroen and DS for every type of customer”, added Dato’ Nik Hamdam.
