Illustrative Image (Source: Internet) Hanoi (VNA) - Honda Motor Co. has forecast that its annual motorcycle sales in Malaysia will not be affected by the Southeast Asian country's tax reform.
Malaysia is scheduled to revive a sales and service tax (SST) on September 1 following the abolition of an unpopular goods and services tax last June.
Honda kept its 2018 sales target unchanged.
The Malaysian motorcycle market saw a 9.7 percent year-on-year increase in 2017 to 434,850 units. However, sales in the first half of this year were stagnant at 214,578 units, up 0.1 percent from a year earlier.
Honda on August 29 introduced the Vario 150 following launches in Indonesia and Thailand, with the aim of expanding a market share in the scooter segment in which demand has been shifting to large models.-VNA
Malaysia is scheduled to revive a sales and service tax (SST) on September 1 following the abolition of an unpopular goods and services tax last June.
Honda kept its 2018 sales target unchanged.
The Malaysian motorcycle market saw a 9.7 percent year-on-year increase in 2017 to 434,850 units. However, sales in the first half of this year were stagnant at 214,578 units, up 0.1 percent from a year earlier.
Honda on August 29 introduced the Vario 150 following launches in Indonesia and Thailand, with the aim of expanding a market share in the scooter segment in which demand has been shifting to large models.-VNA
VNA
