Good News! No Change In Selling Price For Locally Assembled Toyota Cars.

No Change In Selling Price For Locally Assembled Toyota Cars!

UMW Toyota Motor which assembles, distributes and sells Toyota vehicles in Malaysia has officially announced that there are no plans currently to increase the selling price of locally assembled Toyota cars. CKD (completely knocked down) Toyota vehicles assembled in Malaysia include the Toyota Fortuner, Hiace, Hilux, Innova, Rush, Vios, and Yaris.

The company is able to maintain the retail prices of Toyota CKD vehicles at this time because earlier in the year, the Finance Ministry gave assurance that if any CKD model was affected by increased prices as a result of the transparent methodology of reporting the Open Market Value (OMV), the increase would be fully absorbed or exempted by the Finance Ministry during the 2020 fiscal year.

However, according to Mr. Ravindran K, President of UMWT, other factors such as exchange rates and tax revisions can affect the prices but where possible, the company will try its best to maintain price stability by absorbing the increases as much as it can.

Information on the prices of the various models can be found at toyota.com.my or any authorised dealership and UMWT branch nationwide.