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Automotive Communication Technology Market is Poised to Reach Valuation of US$ 55.02 Billion by 2033
Automotive Communication Technology Market is Poised to Reach Valuation of US$ 55.02 Billion by 2033

Yahoo

time16-06-2025

  • Automotive
  • Yahoo

Automotive Communication Technology Market is Poised to Reach Valuation of US$ 55.02 Billion by 2033

Automotive communication technology market continues to surge, driven by escalating Ethernet adoption, burgeoning V2X deployments, stricter cybersecurity mandates, and zonal architectures that trim wiring weight while enabling faster over-the-air innovation across vehicle platforms. Chicago, June 16, 2025 (GLOBE NEWSWIRE) -- The global automotive communication technology market was valued at US$ 14.58 billion in 2024 and is expected to reach US$ 55.02 billion by 2033, growing at a CAGR of 15.90% during the forecast period 2025–2033. Within the automotive communication technology market, the pivot from domain-centric electronics to fully zonal architectures has moved out of R&D labs and into showrooms in 2024. BMW's Neue Klasse, General Motors' Ultifi rollout, and Hyundai's software-defined roadmap each embed a gigabit Ethernet backbone running Time-Sensitive Networking, while Tesla's Cybertruck debuts a 48-volt zonal power bus that pairs with 10-Gbps links for over-the-air reconfiguration of everything from seat modules to battery thermal valves. According to the OPEN Alliance, shipments of automotive Ethernet ports will surpass 280 million this year—nearly triple the volume installed five years ago. This tectonic shift positions the market for its sharpest architectural reset in two decades, as every new port removes up to two traditional CAN or LIN wires, cutting cable weight by almost four kilograms per vehicle. Request Sample Pages: This momentum reshapes the automotive communication technology market as chipmakers, harness suppliers, and software integrators fight to occupy newly created value pools around zonal controllers. NXP's S32G3, Qualcomm's Snapdragon Ride Flex, and Renesas' R-Car S4 are already sampling with integrated gigabit PHYs, freeing Tier-1s such as Bosch and Aptiv to focus on middleware that virtualizes dozens of legacy buses. Meanwhile, wiring specialist Yazaki reports that zonal harness designs shrink total copper length by nearly one kilometer in a typical crossover model, translating into material savings that OEM purchasing teams monetize immediately. Because these savings scale with production volume, procurement executives increasingly bundle connectivity silicon, high-speed connectors, and OTA software services into single sourcing events, pulling new entrants like Marvell and Ethernovia deeper into the bidding process. The result is a cascading cycle of integration that amplifies Ethernet's appeal while forcing slower fieldbus technologies toward niche roles. Key Findings in Automotive Communication Technology Market Market Forecast (2033) US$ 55.02 billion CAGR 15.90% Largest Region (2024) Asia Pacific (44.70%) By Bus Module Controller Area Network (CAN) (38.70%) Top Drivers Rising demand for connected vehicles boosts communication protocols. Increasing adoption of ADAS requires robust data networks. Growth in electric vehicles drives advanced communication systems. Top Trends Rising demand for connected vehicles boosts communication protocols. Increasing adoption of ADAS requires robust data networks. Growth in electric vehicles drives advanced communication systems. Top Challenges Rising demand for connected vehicles boosts communication protocols. Increasing adoption of ADAS requires robust data networks. Growth in electric vehicles drives advanced communication systems. ADAS and Autonomous Driving Push High-Speed Links and Redundancy Requirements Within the automotive communication technology market, advanced driver-assistance functions have expanded from lane keeping to hands-off highway piloting, multiplying both sensor counts and bandwidth demands. The 2024 Mercedes-Benz EQS Drive Pilot variant carries 13 cameras, 5 radar arrays, 2 lidar units, and 18 ultrasonic elements that together stream almost 40 Gbps of raw data into central compute nodes. Similar figures appear in XPeng's XNGP and Honda's Sensing Elite upgrades. To move that torrent without dropping critical frames, Tier-1s are replacing first-generation FPD-Link with SerDes3 solutions running 16 Gbps per lane and adopting MIPI A-PHY, the first long-reach interface rated to eight gigabits over two twisted pairs. Parallelly, IEEE 802.3ch 2.5G/5G/10G Ethernet is seeding sensor fusion backbones inside premium EVs. These requirements ripple across the automotive communication technology market, intensifying focus on deterministic latency and path redundancy. Zone-to-central links now implement Frame Replication and Elimination for Reliability, a TSN mechanism already validated in Volvo's safety labs to keep end-to-end delay below two milliseconds during single-link failures. On the silicon side, NVIDIA's DRIVE Thor SoC integrates dual 100-Gbps PCIe root complexes, allowing redundant data paths into the same compute domain without external switches. Meanwhile, Continental's CV3 platform pairs two independent Ethernet switches from Broadcom and Microchip, each certified to ISO 26262 ASIL-D, thereby separating perception and actuation traffic. Because regulators in California, Japan, and Germany mandate explicit fault-tolerance audits for Level 3 approvals, ecosystem participants that can document proven redundancy win long-term design slots and pricing power. Cybersecurity Regulations Reshape In-Vehicle Networks and Gateway Design Strategies Today Across the automotive communication technology market, July 2024 marks the final cut-over for UNECE R155, meaning every new light-duty vehicle registered in 64 countries must pass audits on cybersecurity management. This regulatory milestone, layered on ISO/SAE 21434 engineering clauses, shifts network design priorities from mere bandwidth to provable defense-in-depth. Pen-testers at the Irdeto laboratory recently demonstrated a replay attack on unencrypted CAN-FD frames inside a stock pickup, disabling traction control in under twenty seconds. Incidents like that help explain why Toyota's latest E-Architecture embeds a deep-packet inspection firewall at each zonal gateway, scanning over 4 800 rule signatures in real time while adding less than five microseconds of latency to critical messages. Consequently, the automotive communication technology market is seeing unprecedented alignment between cybersecurity toolchains and gateway silicon roadmaps. Infineon's Traveo II processors now bundle a quantum-resistant lattice-based crypto accelerator, whereas STMicroelectronics has taped out an Ethernet PHY with integrated MACsec-128 that authenticates every TSN frame. Over-the-air update vendors such as Airbiquity and Harman S-OTA are extending their offerings with Security Operations Center dashboards that present live CVE feeds correlated to vehicle VINs, allowing OEMs to trigger patch campaigns before exploits escape dark-web forums. Because UNECE R156 obliges manufacturers to maintain software for at least eight years, procurement departments are signing multi-cycle contracts for polar-code accelerators and hardware root-of-trust modules, locking in future gateway architectures years ahead of first production builds. Vehicle-To-Everything Momentum Builds With Growing Roadside and Cloud Infrastructure Deployment Within the automotive communication technology market, large-scale Vehicle-to-Everything rollouts finally gained critical mass in 2024. China now operates over 28 000 5.9 GHz C-V2X roadside units, covering every kilometer of the Beijing–Shanghai expressway and 13 provincial capitals. In the United States, the Infrastructure Investment and Jobs Act allocated US$ 386 million for state DOT V2X corridors, resulting in 5 800 new intelligent roadside radios awarded to Commsignia, Yunex Traffic, and Applied Information. Parallelly, Qualcomm's SA415M chipset entered volume production at BYD and Ford, combining C-V2X sidelink with dual-SIM 5G and a global GNSS module inside a single package certified to withstand automotive grade-2 temperatures. As a result, the automotive communication technology market is repositioning V2X from a long-term strategic option to an immediate feature that can shave insurance premiums and enhance energy efficiency. Pivotal Proof & Reason, an Atlanta-based fleet operator, reports that connected left-turn assist cut intersection idling by 19 seconds per stoplight along Georgia State Route 316, saving 1.7 million liters of diesel last quarter alone. Furthermore, Amazon Web Services launched its V2X Edge Runtime in February 2024 to help OEMs ingest Basic Safety Messages directly into existing telematics pipelines using the same IAM policies as over-the-air updates. The converged architecture means a developer can deploy a new intersection-movement analytics model across 300 000 compatible vehicles overnight, accelerating functional deployments without revisiting certification. Inside this fast-moving landscape, search volumes for 'C-V2X credential management' on Google have risen fourfold since January, a reliable indicator of near-term integration activity across the sector. Commercial Fleets Harness Telematics Data For Predictive Maintenance and Efficiency Within the automotive communication technology market, connected-vehicle penetration in North American heavy-duty fleets surpassed 5.6 million trucks in 2024, according to Geotab audit filings, and each unit now streams an average of 27 parameters every half second. That steady flow of engine hours, DPF pressure, wheel-end temperature, and abrupt deceleration markers feeds cloud platforms such as Uptake Fusion and Daimler Truck's Detroit Connect. Volvo's Remote Diagnostics program, for instance, processed 3.5 billion fault codes last year, flagging 164 000 repair-soon events that technicians handled during scheduled stops rather than roadside breakdowns. In parallel, the Federal Motor Carrier Safety Administration has certified electronic logging device APIs that let third-party AI tools review route history for wasted idling minutes. Those data-rich scenarios expand revenue opportunities across the automotive communication technology market far beyond hardware sales. ZF's newly launched Scalar orchestration suite applies graph analytics to real-time V2X, driver hours, and weather feeds, cutting empty trailer miles by 87 000 across a 10 000-vehicle pilot with J.B. Hunt. Additionally, Proterra's battery-electric bus fleet leverages LTE-CAT18 telematics gateways from Quectel to push 24 000 high-voltage cell readings per trip into a digital twin that predicts pack degradation within five watt-hours of laboratory measurements. Because commercial operators make procurement decisions strictly on total cost of ownership, suppliers able to quantify these operational gains in contractual service-level agreements routinely edge out competitors still pitching spec-sheet bandwidth alone. Silicon Innovations Lower Latency and Power In Automotive SerDes Links Across the automotive communication technology market, incremental silicon advances in serializer/deserializer links are quietly rewriting power and thermal budgets. The 2024 release of TI's FPD-Link IV trims typical power draw to 90 mW per lane—even at 16 Gbps operation—versus 150 mW in previous-generation parts, unlocking camera-rich mirror-replacement systems in compact vehicles where PCB real estate and passive cooling options are limited. Analog Devices counters with its 14-Gbps Automotive Link Technology, which offers automatic channel equalization over 17-meter coax, meeting EMC Class 5 without additional ferrite beads. The net result is thinner wiring, cooler ECUs, and improved sensor placement flexibility that design engineers can translate directly into consumer-visible safety and comfort features. These developments reverberate through the automotive communication technology market because lower-power SerDes chains allow OEMs to centralize more high-bandwidth endpoints without breaching stringent 70-degree Celsius case-temperature ceilings. Hyundai's Ioniq 7 concept, for example, uses eight ADAS cameras routed through twin 8:1 aggregators into a single EyeQ6H processor, saving 1.2 kilograms of aluminum heatsinking compared with discrete microcontroller nodes. Meanwhile, Synopsys' DesignWare PHYs, fabbed on TSMC's 5-nanometer automotive process, shrink latency to 3.2 nanoseconds round-trip, enabling closer timing guardbands for sensor-fusion algorithms validated to functional-safety ASIL-B. EDA vendors now bundle crosstalk budget calculators directly into SerDes IP licenses, shortening hardware-software co-design cycles and letting mid-tier suppliers compete aggressively with incumbent tier-ones. Standardization Efforts Harmonize Protocols and Testing Across Multidomain Vehicle Networks Within the automotive communication technology market, fragmented protocol stacks once forced OEMs to juggle proprietary diagnostics, multiplexing layers, and customized conformance tests, but 2024 brings meaningful convergence. The latest AUTOSAR Adaptive release aligns its service-oriented SOME/IP transport profile directly with IEEE 802.1DG Automotive Time-Sensitive Networking, allowing deterministic Ethernet frames to coexist with best-effort traffic under a common scheduler. Similarly, the MIPI Alliance and ISO have co-published the Automotive Camera SerDes Interface conformance draft, establishing eye-diagram metrics for coax and STP media up to 16 Gbps. This joint work sidesteps redundant test campaigns and supports global homologation, an urgent need as software-defined vehicles deploy frequently over multiple regions within a single model year. Such alignment adds predictability to the automotive communication technology market, accelerating development timelines and reducing tooling costs. TÜV SÜD estimates that harmonized TSN test plans cut validation bench hours by 420 per ECU, translating into six-week schedule savings on midsize programs. Moreover, open-source implementations like Eclipse iceoryx and Cyphal now ship with AUTOSAR-compatible service discovery, letting start-ups prototype body-domain controllers on production-grade middleware without negotiating expensive licensing at early design stages. The Connectivity for Automotive Standards consortium has already logged 680 developer members, double the figure at its 2022 launch. As more stakeholders co-create specs, interoperability moves from marketing buzzword to measurable deliverable, fostering healthier competition based on feature innovation instead of lock-in. Request Bespoke Analysis: Regional Dynamics Shape Supply Chains and Investment Priorities In 2024 Investment flows in 2024 underscore how geopolitical realities are steering the automotive communication technology market toward localized supply continuity. Following the US CHIPS and Science Act, ON Semiconductor secured US$ 1.4 billion in federal grants to triple output of automotive-qualified image sensors at its Idaho fab, ensuring domestic supply for General Motors and Stellantis driver-assistance cameras. In Europe, the Volkswagen-led Trinity project will rely on Infineon's new 300-mm fab in Dresden, built with German state subsidies aimed at shortening logistics chains that previously stretched across three customs borders. Meanwhile, China's Inova Semiconductor ramped RF transceiver production in Suzhou to serve BYD and SAIC after export-license uncertainties curbed Shenzhen's dependence on foreign PHY suppliers. Across the broader automotive communication technology market, these moves reshape competitive postures by pushing vendors to match regional content requirements with equally regional R&D footprints. NXP opened a 250-engineer networking firmware center in Bangalore under India's Production Linked Incentive scheme, while Panasonic Avionics—seeking talent overlap—converted its Singapore inflight-wifi division into a vehicle-connectivity lab to serve Southeast Asian EV brands VinFast and Proton. At the same time, venture funding gravitated toward resilience: Munich-based Ethernovia raised US$ 64 million in a Series B led by Porsche SE to commercialize 50-Gbps in-vehicle Ethernet switch silicon, whereas Detroit's GuardKnox closed a US$ 24 million extension for zero-trust gateway software. Consequently, analysts expect the automotive communication technology market to exhibit increasingly regional differentiation in feature rollouts, certification pathways, and go-to-market alliances, ensuring the ecosystem remains responsive to local regulations while fostering diversified innovation pipelines. Global Automotive Communication Technology Market Major Players: Aptiv PLC Autoliv Inc Denso Corporation Lear Corporation Magna International Inc NXP Semiconductor STMicroelectronics Valeo SA Yazaki Corporation ZF Friedrichshafen Broadcom Inc Continental AG Harman International Industries Intel Corporation Mitsubishi Electric Corporation Robert Bosch Toshiba Corporation Other Prominent Players Key Market Segmentation: By Bus Module Outlook Controller Area Network (CAN) Local Interconnect Network (LIN) Media-Oriented Systems Transport (MOST) FlexRay Ethernet By Application Outlook Powertrain Infotainment & Communication Body Control & Comfort Safety & ADAS By Vehicle Class Outlook Luxury Mid-Size Economy By Region North America Europe Asia Pacific Middle East & Africa (MEA) South America Have Questions? Reach Out Before Buying: About Astute Analytica Astute Analytica is a global market research and advisory firm providing data-driven insights across industries such as technology, healthcare, chemicals, semiconductors, FMCG, and more. We publish multiple reports daily, equipping businesses with the intelligence they need to navigate market trends, emerging opportunities, competitive landscapes, and technological advancements. With a team of experienced business analysts, economists, and industry experts, we deliver accurate, in-depth, and actionable research tailored to meet the strategic needs of our clients. At Astute Analytica, our clients come first, and we are committed to delivering cost-effective, high-value research solutions that drive success in an evolving marketplace. Contact Us:Astute AnalyticaPhone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)For Sales Enquiries: sales@ Follow us on: LinkedIn | Twitter | YouTube CONTACT: Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@ Website:

Honda Malaysia debuts first BEV at RM149, 900
Honda Malaysia debuts first BEV at RM149, 900

The Star

time16-05-2025

  • Automotive
  • The Star

Honda Malaysia debuts first BEV at RM149, 900

The company has already received 200 bookings, and the first delivery is expected in the middle of June," CEO Yazaki said. KUALA LUMPUR: Honda Malaysia has launched its first battery electric vehicle (BEV), the e:N1, priced at RM149,900. Its managing director and chief executive officer Narushi Yazaki said the launch strengthens Honda's EV lineup and offers Malaysians more mobility options in line with the company's 2025 business strategy. 'We plan to introduce two more EV models over the next three years. However, we will closely monitor customer demand and competitor pricing, as the market is evolving rapidly. 'Our goal is to respond carefully and strategically,' he said after the e:N1 launch here yesterday. The e:N1 is powered by a 68.8kWh lithium-ion battery, which generates a maximum power of 150kW and a peak torque of 310Nm. It supports AC (normal charging) up to 10kW and features DC (fast charging) up to 78kW. The colours available are Platinum White Pearl, Aqua Topaz Metallic and Urban Gray Pearl. 'The company has already received 200 bookings, and the first delivery is expected in the middle of June. 'We have also appointed eight authorised dealerships specialising in managing the EV cars,' Yazaki said. Honda Malaysia president and chief operating officer Sarly Adle Sarkum is hoping that the government will further extend incentives, including tax exemptions, for EVs assembled locally, or completely knocked down, beyond 2027. He said this will support the national target of having EVs account for 15% of total vehicle sales by 2030. — Bernama

Cambodia proposes Japanese Special Economic Zones investment
Cambodia proposes Japanese Special Economic Zones investment

The Star

time16-05-2025

  • Automotive
  • The Star

Cambodia proposes Japanese Special Economic Zones investment

Chea Vuthy, secretary-general of the Cambodian Investment Board (CIB), presents a copy of the 'Investment Law of the Kingdom of Cambodia' to the visiting Japanese/Chinese delegation. - Phnom Penh Post/ANN PHNOM PENH (Phnom Penh Post/ANN): Cambodia has encouraged the leadership of giant Japanese automotive supplier Yazaki group to explore the possibility of investing in special economic zones (SEZ) to help attract more Japanese investors to the Kingdom. In the first four months of 2025, trade between the two nations equalled more than $832 million. Yoshimoto Ito, deputy CEO of Yazaki, met with Chea Vuthy, secretary-general of the Cambodian Investment Board (CIB) under the Council for the Development of Cambodia (CDC), on May 12. The delegation led by Yoshimoto, also included representatives from Guangdong Dongfang Investment Co., Ltd., a joint investment partner in the group's production base, in China's Guangdong province. Vuthy expressed his appreciation to the company for its existing operations in Cambodia and its intentions to further expand its investment. He recommended that the company identify a suitable location for its investment expansion and consider establishing an SEZ to attract more Japanese investors to the Kingdom. 'I would like to encourage the company's leadership to consider investing in the development of an SEZ to help draw more Japanese investment to Cambodia,' he said. Yoshimoto shared his gratitude for the CDC's support of Yazaki's investment expansion plans in Cambodia and committed to exploring the feasibility of establishing an SEZ. According to the CDC, Yazaki has operating an electric wire component factory in the Neang Kok Koh Kong SEZ, in Koh Kong province, for more than 10 years, and has had a presence in Guangdong, China, for about 40 years. The General Department of Customs and Excise (GDCE) reported that from January to April, trade between Cambodia and Japan totalled $832.29 million, an increase of 29.7% over the same period last year. Cambodia exported $523.49 million to Japan (up 19.8%), while imports stood at $308.8 million (up 50.6%). Based on these figures, Cambodia has a trade surplus of $214.69 million, compared to $231.81 million in the same period of 2024. Sam Soknoeun, hairman of the Board of SAM SN Group, told The Post on May 13 that SEZs play a vital role in attracting more investment to the Kingdom. Japanese investors, he explained, usually conduct thorough studies before deciding where to invest and prefer locations where fellow Japanese nationals are already present. Therefore, if Yazaki, led by Japanese executives, invests in a new location, it would help encourage other Japanese investors to follow. 'If Japanese companies or investors come to SEZs in Cambodia, I believe it will attract even more Japanese investment into the country,' he said. He added that investing in Cambodia offers high potential returns due to the country's political stability, investor-friendly laws, strong transport infrastructure and access to international markets. According to Soknoeun, Japanese investment in Cambodia currently spans several sectors, including construction, real estate, hotels, tourism, automotive assembly, agricultural product processing, agro-industry, food, crop cultivation, electronic and electrical components, and supermarkets. The Ministry of Commerce stated that from January to November 2024, 88 Japanese companies/enterprises registered in Cambodia — an increase of 20.55% compared to the same period in 2023. - Phnom Penh Post/ANN

Honda's first battery EV 'electrifies' Malaysian market
Honda's first battery EV 'electrifies' Malaysian market

New Straits Times

time15-05-2025

  • Automotive
  • New Straits Times

Honda's first battery EV 'electrifies' Malaysian market

HONDA launched its first battery electric vehicle (BEV), the all-new e:N1, in Malaysia on Thursday, marking an electrifying milestone. To commemorate the launch, Honda Malaysia is offering a special price of RM149,900 for a limited quantity. Honda Malaysia managing director and chief executive officer Narushi Yazaki said the Japanese marque had been at the forefront of innovation, bringing advanced technologies to Malaysians. "This journey began with IMA in 2004, and continued with VTEC Turbo in 2016, i-DCD in 2017, and e:HEV technology in 2020. We strive to draw strength from our history as we continue to power the future," he said at the launch. Building on the foundation, Honda in Malaysia is on the right track in navigating the market with its internal combustion engine (ICE) and e:HEV models, which remain highly relevant today. "Ensuring a 'Fun-To-Drive' experience is key to all our technological developments, and our new BEV will certainly uphold this tradition," he added. The e:N1, Yazaki said, is not just about creating excitement - it represents a significant step forward that propels Honda further in its ongoing journey into the age of electrification. Backed by a good start to 2025, with nearly 24,000 vehicles sold in the first four months, Honda Malaysia is confident that the e:N1 will further reinforce its unique position and strong market presence in the industry. The e:N1 is powered by a 68.8kWh lithium-ion battery that generates a maximum power of 150kW and a peak torque of 310Nm. For charging, it supports AC (normal charging) up to 10 kW, with a 10 per cent to 80 per cent charge taking six hours. The BEV also features DC (fast charging) up to 78 kW, achieving a 30- 80 per cent charge in about 50 minutes. With a driving range of up to 500km, customers can enjoy an exhilarating drive that features three driving modes - Sport, Normal and ECON. Exterior-wise, the e:N1 presents a modern design, headlined by a clean, sleek front grille and a new white "H" badge that symbolises Honda's electrification. Complementing its elegant and minimalist appearance are LED headlights, LED taillight and 18-inch dual-tone alloy wheels made just for the BEV.

Honda Malaysia launches maiden battery electric vehicle
Honda Malaysia launches maiden battery electric vehicle

The Star

time15-05-2025

  • Automotive
  • The Star

Honda Malaysia launches maiden battery electric vehicle

KUALA LUMPUR: Honda Malaysia has launched its first battery electric vehicle (BEV), the e:N1, priced at RM149,900. Its managing director and chief executive officer, Narushi Yazaki, said the launch strengthens Honda's electric vehicle (EV) lineup and offers Malaysians more mobility options in line with the company's 2025 business strategy. "We plan to introduce two more EV models over the next three years. However, we will closely monitor customer demand and competitor pricing, as the market is evolving rapidly. "Our goal is to respond carefully and strategically,' he said after the e:N1 launch here today. The e:N1 is powered by a 68.8kWh lithium-ion battery, which generates a maximum power of 150kW and a peak torque of 310Nm. It supports AC (normal charging) up to 10kW and features DC (fast charging) up to 78kW. The colours available are Platinum White Pearl, Aqua Topaz Metallic and Urban Gray Pearl. "The company has already received 200 bookings, and the first delivery is expected in the middle of June. We have also appointed eight authorised dealerships specialising in managing the EV cars,' Yazaki said. Meanwhile, Honda Malaysia president and chief operating officer Sarly Adle Sarkum is hoping that the government will further extend incentives, including tax exemptions, for EVs assembled locally, or completely knocked down (CKD), beyond 2027. He said the proposal is also aimed at supporting the national target of having EVs account for 15 per cent of total vehicle sales in the country by 2030. "If the CKD programme begins in 2027, manufacturers will need a minimum of five years beyond that to recover their investments. Incentives are crucial not just for Honda but for the entire automotive industry. "The importance of government support, without the continuation of incentives, would be challenging for Honda to initiate a CKD programme,' he said. The government has previously offered incentives such as sales tax exemptions for CKD vehicles, helping to make them more affordable for consumers. Fully imported, or completely built up (CBU), EVs are exempted from import and excise duties until Dec 31, 2025, while CKD EVs enjoy these exemptions until Dec 31, 2027. - Bernama

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