Proton says it will continue to absorb the rising cost of raw materials

Earlier today, it was reported that due to the weakening of the ringgit and the high cost of raw materials and supplies, manufacturers are expected to eventually raise the price of new cars. The Malaysian Automotive Association (MAA) has said that as things stand, price increases will be inevitable.

However, MAA president Datuk Ayesha Ahmed said car companies have not yet decided to raise car prices and continue to exploit the extra costs. Proton is one of these automakers, e.g. Daily news Report

According to its deputy CEO Roslan Abdullah, the national carmaker continues to exploit the rising cost of raw materials to maintain the prices of its vehicles and has yet to make any decisions on that front.

“Proton has not yet made that decision. If there is (an increase or otherwise), we will announce in the near future. For now, we are still trying to absorb the rising cost, ”he told the publication. However, he added that if costs continue to rise and affect its sellers further, the company will probably have to offer some increase to its customers.

The carmaker is already ready to revise the price of its models by re-imposing sales and service tax (SST) on their sales. On May 1, it stated that any car orders placed from that date would be delivered after the June 30 SST discount expires.

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