MAA cuts TIV target by 5,000 units over SST — President
PETALING JAYA (July 18): The Malaysian Automotive Association (MAA) has revised downward its Total Industry Volume (TIV) target to 585,000 units this year from the 590,000 units projected earlier on concerns over the reintroduction of the Sales and Services Tax (SST).
President Datuk Aishah Ahmad said compared with the Goods and Services Tax (GST), the SST would cause a hike in prices of most models, thus hurting demand.
"The SST will be at 10 per cent, whereas the GST is at six per cent. So, most models will see a price increase.
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