In our view, adapting to the latest know-how is a should for automakers to find a way to compete and win consumers' hearts whereas reducing production prices. Since the prolonged COVID-19 pandemic hit the automotive sector exhausting in 2020, the government rolled out Luxury Sales Tax incentives for automobile purchases in a bid to push the sector's development in 2021. The incentives are essential as a end result of numerous taxes, such because the LST and Value Added Tax , account for round 30…