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Regulatory Environment in the ASEAN Automotive Sector

  • September 2014
  • -
  • Frost & Sullivan
  • -
  • 64 pages

Key Policy Developments to Have a High Impact on Automotive Supply and Demand

This study gives a detailed overview of the regulatory environment in the ASEAN automotive sector with a focus on the three key automotive markets in the region—Malaysia, Indonesia, and Thailand. The study examines the regulatory environment through an executive summary, and analyses of the automotive regulation in Malaysia, automotive regulation in Indonesia, and automotive regulation in Thailand. It also examines the impact of these factors on hybrid vehicles sales in Malaysia, Indonesia, and Thailand during 2013–2020.

Key Findings
-Government regulations and policies play a major role in shaping the demand in ASEAN. They impact consumer choices and attitudes and can cause dramatic swings in demand.
-While policy in Thailand is oriented towards an export-driven industry, the policies of Indonesia focus more on increasing current motorization levels by making cars more affordable.
-The big-3 markets in ASEAN—Thailand, Indonesia, and Malaysia—have all embarked on green car programs which have taken centre stage in policy direction.
-These markets are also trying to align themselves with global markets, regulations and standards, even as they try to integrate the sector at the regional level.

Automotive Policy
Key Takeaway: The aim of the policy is to turn Malaysia into a production hub for EEVs by 2020, encompassing the entirety of the automotive value chain in transforming the industry towards a sustainable one.
Automotive Sector: Automotive Policy, Malaysia, 2013
Energy Efficient Vehicles
-The newly-released National Automotive Policy (NAP) contains six roadmaps with various measures of substantial support to make Malaysia the regional hub for energy efficient vehicles (EEVs). Manufacturing licenses and incentives would be given for EEV production and investment, to encourage the local assembly of hybrid and electric vehicles
Hybrid Incentives
-As the hybrid exemption scheme was completed in December 2013, the incentives were revised and import/excise duty exemptions are expected to be granted only to locally-assembled hybrids.
Implementation of Goods and Services Tax (GST)
-The government has introduced a new GST scheme of % that might replace the current sales tax of %, and is expected to be implemented in 2015

Table Of Contents

Regulatory Environment in the ASEAN Automotive Sector
Executive Summary

Key Findings

Automotive Regulation in Malaysia

Automotive Policy
Impact-Timeline Matrix for Key Policy Developments
Energy Efficient Vehicles—Impact on the Sector
Energy Efficient Vehicles—Impact on Vehicle Segments
Hybrid Incentives—Impact on the Market
Hybrid Incentives—Impact on Vehicle Segments
Implementation of GST—Impact on the Market
Implementation of GST—Impact on Vehicle Segments
Impact of Malaysia's Policies—Assumptions
Policy Impact on Hybrid Sales—Forecast
Automotive Duty Structure
Multilateral Agreements
Passenger and Commercial Vehicles—Malaysia's Tariff Schedule under Multilateral Agreements

Automotive Regulation in Indonesia

Automotive Policy
Impact-Timeline Matrix for Key Policy Developments
LEC-LCGC Program—Impact on the Market
LEC-LCGC Program—Impact on Vehicle Segments
Luxury Tax Increment—Impact on the Market
Luxury Tax Increment—Impact on Vehicle Segments
Vehicle Ownership Progressive Tax Increment—Impact on the Market
Progressive Tax Increment—Impact on Vehicle Segments
Impact of Indonesia's Policies—Assumptions
Policy Impact on LCGC Segment Sales—Forecast
Automotive Duty Structure
Multilateral Agreements
Passenger Vehicles—Indonesia's Tariff Schedule under Multilateral/Bilateral Agreements
Commercial Vehicles—Indonesia's Tariff Schedule under Multilateral/Bilateral Agreements

Automotive Regulation in Thailand

Automotive Policy
Thailand?Impact-Timeline Matrix for Key Policy Developments
Phase 2 Eco-Car Project—Impact on the Market
Phase 2 Eco-Car Project—Impact on Vehicle Segments
Restructuring of Excise Tax System—Impact on the Market
Restructuring of Excise Tax System—Impact on Vehicle Segments
BOI New Incentive Scheme—Impact on the Market
BOI New Incentive Scheme—Impact on Vehicle Segments
Policies' Sales Impacts on Eco-Cars—Assumptions
Policy Impact on Eco-Cars Segment Sales—Forecast
Automotive Duty Structure
Multilateral Agreements
Passenger and Commercial Vehicles—Thailand's Tariff Schedule under Multilateral Agreements

Appendix

Table of Acronyms

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