SHAH ALAM: Honda Malaysia Sdn Bhd sees growing sales in its hybrid car segment, thanks to the government's incentives for hybrid vehicles.
Managing director and chief executive officer Yoichiro Ueno said so far this year, the company sold 5,375 hybrid cars, compared with 8,712 hybrid models for the whole of last year.
The company hopes that the government will extend the full exemption of import and excise duty for hybrid cars after it expires end of this year.
"There is increasing interest in our hybrid models in the Malaysian market due to their affordable prices as well as efficient fuel consumption advantage, and we are committed to grow this segment further," he said.
Speaking to reporters at the launch of Honda's ninth generation all-new Accord here yesterday, Yoichiro said while the government's incentives have helped grow the hybrid car segment in the country, there is still much room for the segment to grow.
"We hope that the government will at least consider extending the incentive for completely-knocked-down (CKD) hybrid units," Yoichiro said, adding that the company has started producing its locally-assembled hybrid units at its Pegoh plant in Malacca this year.
The government introduced full import duty and excise duty exemptions for hybrid and electric cars and motorcycles two years ago under the Budget 2011. The incentive applies to both CKD as well as completely-built-up (CBU) units.
Meanwhile, the newly launched Accord, with on-the-road prices of between RM139,800 and RM172,800, comes in three engine variants, namely 2.0L VTi, 2.0L VTi-L and 2.4L VTi-L.