Honda Motor expects stable sales in Malaysia
Honda Motor Co. has forecast that its annual motorcycle sales in Malaysia will not be affected by the Southeast Asian country's tax reform.
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
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