Government postpones implementing new formula for CKD models

PETALING JAYA: The government has postponed implementing a new formula on duties that will raise prices of completely-knocked-down (CKD) vehicles until next year, potentially saving car-buyers thousands of ringgit.

Following news over the past two weeks that the government was mulling the idea of restructuring auto duty rates, Malaysian Automotive Association (MAA) president Datuk Aishah Ahmad confirmed that duties of CKD vehicles will remain unchanged for 2020.