Thursday, October 28, 2010

UMW Toyota Motor reduces Prius price by RM36,000 to RM139,000

KUALA LUMPUR: UMW Toyota Motor has set the on-the-road price for the Toyota Prius at RM139,000 in Peninsular Malaysia, which is about RM35,000 lower than the original RM175,000 tag previously.

The price for the Prius in Sabah and Sarawak is set at RM141,000 due to higher logistics costs.

The changes in the prices are with effect from Thursday, Oct 28.

UMW Toyota Motor president Kuah Kock Heng said the company welcomed the recent National Budget announcement by the government on the extension and enhancement of tax incentives for hybrid cars effective from Jan 1, 2011 until Dec 31, 2011.

"We are very delighted with the support by the government, to extend the full exemption of import duty and full exemption of excise duty for Hybrid cars.

???Compared to the 2009 National Budget, import duties was given full exemption while the excise duty was given 50 percent reduction.
Kuah said with the new price tag, Malaysians would be able to enjoy the company???s most popular hybrid car, the Prius, at a more affordable price.

They can also benefit from the high fuel efficiency and at the same time contribute to lower the CO2 emission,??? he said in a statement. ??
The Prius has worldwide sales exceeding two million units.

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