Proton says it will continue to absorb the growing material costs to maintain its vehicle prices

Earlier today, it was reported that manufacturers are Finally expected to increase the price of new cars due to higher raw material and logistics costs due to the weakening ringgit. The Malaysian Automobile Association (MAA) said that as things remain stable, price increases will be inevitable.

However, MAA president Datuk Aishah Ahmad said car companies have not yet decided to raise vehicle prices, and are continuing to absorb the additional costs. Proton is one of these automakers, like Berita Harian report.

According to Deputy CEO Roslan Abdullah, the national automaker is continuing to absorb rising raw material costs to be able to maintain its car prices, and has yet to decide on anything related. to that front.

“At the moment Proton has not decided anything yet. If there is (increase or other), we will notify in the near future. For now, we are still trying to absorb the increase in costs,” he told the publication. However, he added that if costs continue to rise and affect its suppliers more, it is likely that the company will have to pass on some of the increase to its customers.

The automaker has set to revise the prices of its models with reimplementation of sales and service tax (SST) to their selling price. On May 1st, they said that any vehicle orders placed from that date will only be delivered after the excise duty free period. ends on June 30.