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PUTRAJAYA, April 12 — Minister Datuk Seri Tengku Zafrul Abdul Aziz stated immediately that the replace to the Nationwide Automotive Coverage (NAP) wants extra time to be scrutinised, as engagement periods with stakeholders are nonetheless ongoing.
The funding, commerce and business minister stated the plan is to make sure that Malaysia’s automotive insurance policies are according to present developments in science, know-how and innovation, and due to this fact any adjustments will solely be introduced when sound concepts are lastly in place.
“We’re nonetheless taking suggestions from stakeholders and business gamers as there have been a number of developments within the automotive business. We have to give consideration to what was within the NAP earlier than this too,” Zafrul stated when met right here.
“We must be dynamic and open to creating essential adjustments so I’ll be discussing with the companies and ministries so we are able to evaluate what the business participant introduced up concerning know-how developments within the automotive area.
“By doing so, we hope to remain related and aggressive. So the query of adjustments in NAP is a bit too quickly now. I hope to present you some suggestions as soon as we and the related companies have time to evaluate them,” he added.
Observers really feel that the NAP formulated in 2020 must be up to date so Malaysia can keep abreast with the developments within the automotive business to remain related and aggressive within the market.
Along with NAP 2020, there was additionally a name for the Nationwide Electrical Automobile (EV) Coverage to be up to date to drive its adoption in Malaysia amid rising environmental, social and governance calls globally.
“I imagine any long-term plans like NAP, 10 years, we must be open to adjustments. Discussions and opinions shall be made so we might be the most effective on this area,” Tengku Zafrul added.
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