MITI: Car Prices in Malaysia Driven by Market, Not Government
-full_normal.jpg)
Concerns over the price of Malaysian-made cars surfaced in the Dewan Negara when Senator Datuk Ahmad Ibrahim questioned why many buyers still end up tied to long-term loans despite local models not being subject to import duties.
The Ministry of Investment, Trade and Industry (MITI) replied that the government does not control car prices, which are instead set by the market.
-full_normal.jpg)
MITI explained that the Ministry of Finance has long supported the industry with incentives and tax breaks for vehicles assembled in Malaysia, including those built by national brands.
These measures aim to strengthen local supply chains, encourage investment, and support research and development (R&D). With such support, locally assembled cars can usually be priced more competitively than fully imported models.
-full_normal.jpg)
The ministry also pointed out that affordable cars are already available. Perodua’s Rahmah category models start from RM22,000 before insurance, while Proton continues to offer the Saga for under RM40,000.
According to MITI, the goal is to give Malaysians a range of choices so they can pick vehicles that suit their finances, and avoid being weighed down by heavy debt.
Source: The Star
Written By
Kumeran Sagathevan
More then half his life spend being obsessed with all thing go-fast, performance and automotive only to find out he's actually Captain Slow behind the wheels...oh well!
JPJ Running Numbers
KUALA LUMPUR
VRU8709
SELANGOR
BSU5416
JOHOR
JG2045J
PULAU PINANG
PSG6453
PERAK
APM4216
PAHANG
CFJ1895
KEDAH
KGJ5443
NEGERI SEMBILAN
NEM3599
KOTA KINABALU
SJU6455
KUCHING
QAB7995P
Last updated 22 Oct, 2026
Fuel Price
Petrol
RON 95
RM 3.97
+1.38
RON 97
RM 4.90
+1.75
RON 100
RM 7.20
+2.20
VPR
RM 8.23
+2.00
Diesel
EURO 5 B10
RM 5.12
+2.08
EURO 5 B7
RM 5.32
+2.08
Last updated 30 Apr, 2026
Related News
MITI: Malaysia’s EV Strategy Enters New Phase
EV adoption surged to 44,813 units in 2025 as the country shifts focus toward local assembly and EV ecosystem.
11-02-2026
MITI Tightens EV Import Rules to Protect Local Ecosystem
MITI’s tougher stance on EV imports aims to safeguard the local automotive ecosystem.
05-02-2026
MITI’s RM250k New CBU EV Rule Just Got Tighter - Includes "Models"
A subtle wording tweak now suggests the RM250,000 floor price may apply not just to new brands, but new EV models as well.
21-01-2026
2025 EV Bull Run Meets 2026 Policy Vacuum
EV prices may look unchanged in early 2026, but without a clear transition plan from MITI, the 2025 EV bull run could potentially stall.
02-01-2026
MITI Finalising New Customised Incentive Mechanism to Drive EV Growth
MITI is finalising a New Customised Incentive Mechanism to attract investments and strengthen Malaysia’s automotive sector.
10-09-2025
ASEAN Unity Drive 2025 Flagged Off In Malaysia
ASEAN Unity Drive 2025 embarks on a 9,000 KM journey, championing sustainable mobility and regional collaboration.
21-03-2025
NEVSC Wraps-Up 2024: From BEV Sales Surge to Proton e.Mas 7
As Malaysia accelerates EV push, NEVSC highlights BEV growth and national models.
23-12-2024
Malaysian Vendor Gain Access To Chery’s Global Supply Chain
Chery Malaysia & MIDA connects local vendors to Chery’s global supply chain technology hub.
10-12-2024
Latest News
Proton's Exports Are Growing, But Not All The Cars Wear Proton Badges
Proton exported 7,370 vehicles in the first nine months of 2026, including Geely cars built in Malaysia. Here's why it matters for Tanjong Malim.
21-10-2026
6,537 Road Deaths In 2025 - Can Malaysia's New Safety Push Make A Difference?
Malaysia recorded 6,537 road deaths in 2025. With a new MOT-MIROS proposal underway, can the country meet its target to halve fatalities by 2030?
20-10-2026
ECRL Vs Driving To Kota Bharu: Petrol, EV Or Train, Which Costs Less?
ECRL fares to Kota Bharu start at RM125. We compare train tickets with petrol and EV energy costs to see which option makes more sense.
19-10-2026
"We'd Love To Go Back": Mercedes Eyes Sepang Return As F1 Night Race Idea Emerges
Mercedes-AMG Petronas F1 wants to return to Sepang, while Signify says a night race is technically possible. Could Malaysia's next F1 race be after dark?
19-10-2026
RM52,000 In Car Rebates? Sime Motors' 3-Day Sale Is Now On!
Sime Motors' 3-day sale runs from 16 to 18 October 2026 in Ara Damansara, with car rebates up to RM52,000, test drives and special offers.
16-10-2026
RM950 Million From F1 At Sepang. So Why Is Malaysia Still Hesitating?
F1 at Sepang generated nearly RM950 million in economic impact. But a five-year Malaysian GP deal could cost RM1.5 billion. Here's why.
16-10-2026
35 Cars Daily! BYD's New Miri 3S Centre Puts Aftersales In Focus
BYD's new Miri 3S Centre can service up to 35 cars daily. Here's how the latest Sarawak expansion strengthens aftersales support for EV owners.
15-10-2026
Chery Omoda 5 Recall: 600 Cars In 2024, 8,878 In 2026. What Changed?
Chery's Omoda 5 recall covers 8,878 vehicles, compared with 600 in 2024. Here's what changed, what remains unknown and what owners should do.
15-10-2026
Show More
trending_flat
Malaysia First Used Car and EV Consignment Platform
This is the best place to sell your car at true market value. Instead of accepting low dealer trade-ins, we handle everything and connect your car directly to genuine buyers for the highest price.
Understanding CariCarzAutomall Consignment Plan
Approved 200-Check Points Inspection
7 Day Money Back Guarantee
One Year Extended Warranty
No Hidden Charge