Price Revisions Following SST Exemption For New Proton Vehicles See Price Hikes Up To RM7,000

source: IHS Markit

We all know that the national inflation has brought on an extra pinch straining our wallets, and even eating out is slowly becoming a privilege and an expensive affair rather than a casual, quick way to fill your belly.

Malaysians have expressed having to put several of their personal essentials on hold, and one of these needs may entail new car purchases.

source: Carsome

Last month, Proton announced a revision of prices for its new vehicles as the prior SST exemption was voided on July 1.

While the automotive company has reportedly decided not to increase the prices of all its cars, a sudden increase in production costs necessitated, namely the X70, Saga, Exora, X50, Persona and Iriz.

As of today, prices have been set and publicly disclosed for the X70, Saga and Exora only.

Here is a quick breakdown of the revised costs, courtesy of Paul Tan:

Previously, Proton deputy chief executive officer Roslan Abdullah asserted that the domestic auto company was seeking to extract as much as possible from rising manufacturing costs without passing the burden on to customers.

Roslan also stated that the shift was caused by rising automotive parts and component expenditures over the preceding two years as a result of the global pandemic.

Paul Tan also reported that in June, the X70 obtained its first minor tweak (MC), which included a retooled variant array as well as the 1.5 litre TGDi three-cylinder engine and other slight adjustments.

source: Solution Guider

Originally rated at RM93,900, the SUV is now RM4,900 pricier, at RM98,800 for the base Standard 2WD variant.

Pricing for the Exora RC reverts to pre-SST exemption stages, with the 1.6T Executive CVT marketed at RM59,800 (RM2,500 higher) and the 1.6T Premium CVT going for RM66,800 (RM2,000 higher).

The X70 of the 1.8 litre TGDi Premium 2WD variant has faced the highest upswing in value so far, from RM121, 800 to RM128,800 – a whopping RM7,000 more than before.