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Honda Motor expects stable sales in Malaysia

Honda Motor Co. has forecast that its annual motorcycle sales in Malaysia will not be affected by the Southeast Asian country's tax reform.
Honda Motor expects stable sales in Malaysia ảnh 1Illustrative Image (Source: Internet)
Hanoi (VNA) - Honda Motor Co. has forecast that its annualmotorcycle sales in Malaysia will not be affected by the Southeast Asian country'stax reform.

Malaysia is scheduled to revive a sales and service tax (SST) on September 1 followingthe abolition of an unpopular goods and services tax last June.

Honda kept its 2018 sales target unchanged.

The Malaysian motorcycle market saw a 9.7 percent year-on-year increase in 2017to 434,850 units. However, sales in the first half of this year were stagnantat 214,578 units, up 0.1 percent from a year earlier.

Honda on August 29 introduced the Vario 150 following launches inIndonesia and Thailand, with the aim of expanding a market share in the scootersegment in which demand has been shifting to large models.-VNA
VNA

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