Perodua says phased-in cuts to help it gear for competition.
Malaysian car prices will be scaled back gradually until 2017 to fulfill a government election campaign promise to reduce vehicle costs 20% to 30% over five years. International Trade and Industry Minister Mustapa Mohamed says prices of 10 popular models have fallen an average 7.3% since October as a result of greater efficiency and competitiveness in the industry. The government’s Bernama news agency quotes Mustapa as telling reporters the price rollback should be done in an ...
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