Electricity tariffs, labour costs hike to much for car parts businesses

Automotive component makers are calling on the government to defer the implementation of the “sudden upward revision” of the electricity tariff surcharge by more than 566 percent to between 20 sen and 27.7sen/kWh beginning Jan 1, 2023, from 3 sen/kWh currently.

Perodua Suppliers’ Association (P2SA) president Helmi Sheikh Mahmood said the increase “will have a profound impact on every industry, regardless of size as the net result will be shared by all.”

Helmi was speaking, in a joint statement, on behalf of...