Malaysia's New National Automotive Policy

Malaysia's National Automotive Policy has been announced. Here is the full text posted at Business Times.

News coverage can be found here : Bernama and Business Times and Dow Jones.

C.S Tan from the Star is suggesting that Cheaper cars under National Automotive Policy. He mentions that..

Among the major moves under the NAP are:

• Doing away with Approved Permits (APs) by Dec 31, 2010
• Establishing only two national manufacturers
• Preventing the import and sale of sub-standard vehicles
• Banning the import of re-conditioned (second-hand) cars by Dec 31, 2010 except for personal usage
• No new manufacturing licences until overcapacity in the domestic automotive sector is resolved

Related Stories in the Star:
Car prices may drop
Motor industry happy with new policy
Designed to revv up auto exports
Auto players to discuss finer points with ministry

And Chip from Motortrader.com.my is already raising some concerns regarding this new NAP in the Motortrader forum