Future Trends in Passenger Vehicle Segments in ASEAN

  • ID: 3611436
  • Report
  • Region: ASEAN
  • 60 Pages
  • Frost & Sullivan
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Crossover Utility Vehicle (CUV) Will be the Game-Changing Segment in ASEAN
The research service discusses the product segments in the passenger vehicle market in ASEAN. It provides the sales forecast of individual vehicle segments in the three key ASEAN markets, namely, Thailand, Malaysia, and Indonesia. The study discusses the likely trends to be seen in the various product segments. Moreover, it gives a detailed overview of the key policies and their likely impact on the passenger vehicle segments in each country by 2020. It also describes the effects of changing customer preference and emergence of new segments in the industry.

Key Policies and Regulations, Malaysia, 2013 - 2015

Key Takeaway: Malaysia’s plan for energy-efficient vehicles (EEVs) has higher potential for success than other ASEAN green car programs due to the wide definition of EEVs covering all sub-segments.

1. National Automotive Policy (NAP) - The National Automotive Policy (NAP) which has six roadmaps has been initiated to develop Malaysia as the regional hub for EEVs. Production license and incentives will be provided for automakers for EEV production to develop the local assembly of hybrid and electric cars. This policy will attract foreign direct investment (FDI) for EEV manufacturing, promote export of vehicles and vehicle parts, and reduce the price of electric and hybrid vehicles in Malaysia.

2. Hybrid and Electric vehicles Tax Exemption - Automakers which manufacture or assemble hybrid and electric vehicles would be exempted from income tax or investment tax up to X% for years. Furthermore, production of critical and high value added parts and components will be exempted from investment tax for years or income tax for years. The policy for completely knocked down (CKD) units ended on 31 December 2015 for hybrid vehicles. The same for electric vehicles will end on 31 December 2017. Carmakers are requesting for an extension of the policy to maintain the reduced prices of hybrid vehicles in 2016.

3. Implementation of GST - On 1 April 2015, Malaysia implemented the 6% Goods and Services Tax (GST) replacing the sales and service tax of X%. At present, all new cars are subject to a X% GST. The new tax system resulted in carmakers reducing prices by X%. However, significant price changes were not seen except for a few models.
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1. Executive Summary
  • Summary of Key Findings
  • Key Predictions - ASEAN
2. Product Segmentation - Malaysia
  • Passenger Vehicle Segmentation
  • Sales Forecast by Segments - Passenger Vehicles
  • Key Policies and Regulations - Malaysia
  • National Automotive Policy (NAP) - Impact on Vehicle Segments
  • Tax Exemption - Impact on Hybrids and Electric Cars
  • Market Drivers - Malaysia
  • Drivers Explained
  • Market Restraints - Malaysia
  • Restraints Explained
  • Upcoming Models and OEM Strategies 2016 - Malaysia
  • Emergence of Crossover
  • Key Segment Predictions
3. Product Segmentation - Indonesia
  • Passenger Vehicle Segmentation
  • Sales Analysis by Segments - Passenger Vehicles
  • Key Policies and Regulations - Indonesia
  • Low-Cost Green Cars (LCGC) Program
  • LCGC Policy - Impact on Vehicle Segments
  • Increase in Luxury Tax - Impact on Vehicle Segments
  • Vehicle Ownership Progressive Tax - Impact on Vehicle Segments
  • Market Drivers - Indonesia
  • Drivers Explained
  • Market Restraints - Indonesia
  • Restraints Explained
  • Upcoming Models and OEM Strategies 2016 - Indonesia
  • Emergence of Crossovers
  • Key Segment Predictions
4. Product Segmentation - Thailand
  • Passenger Vehicle Segmentation
  • Sales forecast by Segments - Passenger Vehicles
  • Key Policies and Regulations - Thailand
  • Eco Car Phase-2 - Impact on Vehicle Segments
  • Restructuring of Excise Tax System - Impact on Vehicle Segments
  • BOI New Incentive Scheme - Impact on Vehicle Segments
  • Market Drivers - Thailand
  • Drivers Explained
  • Market Restraints - Thailand
  • Restraints Explained
  • Upcoming Models and OEM Strategies 2016 - Thailand
  • Emergence of Crossovers
  • Key Segment Predictions
5. The Last Word
  • 3 Big Predictions
  • Legal Disclaimer
6. Appendix
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