PROTON TRADES OLD VEHICLES FOR NEW UNDER RM4.8 MLN XCHANGE PROGRAMME

KUALA LUMPUR, May 15 (Bernama) -- Owners of old vehicles are encouraged to exchange them for new Proton models under a RM4.8 million “Proton Xchange Programme” the national car maker launched today in partnership with Car Medic Sdn Bhd.

In a statement today, Proton Holdings Bhd said the campaign underscores its support for the government’s initiative to enhance road safety and promote sustainable mobility.

“This programme is open to owners of all cars, regardless of brand. To ensure the programme meets its objectives, Proton and Car Medic have created a holistic solution that incentivises participants while ensuring the safe disposal of older vehicles.

“Proton will offer RM2,000 of overtrade support towards the registration of a new Proton vehicle, including the Proton e.MAS 7, the best-selling EV model in Malaysia. The pilot programme will run until the end of December 2025,” it said.

To qualify for the incentive, vehicles must be 15 years or older and deemed uneconomical to repair for continued safe usage. The new Proton vehicle or Proten e.MAS must also be registered before the end of the year, Proton said in the statement.

“Any sedan cars, multi-purpose vehicles, vans, four-wheel drive, lorries, and buses meeting the abovementioned requirements are eligible for the programme, subject to meeting terms and conditions such as proof of ownership,” it said.

“Vehicle owners will need to provide a vehicle ownership certificate (VOC) for their new vehicle, together with a JPJK1KD form to prove their old vehicle has been officially deregistered by the Road Transport Department (RTD), and a certificate of destruction (COD) from Car Medic,” it said.

Speaking during the event, Transport Minister Anthony Loke Siew Fook said the ministry supports the initiative and encourages more original equipment manufacturers to follow suit, applauding Proton for leading the way to promote safer, greener mobility.

Meanwhile, Proton chief executive officer Dr Li Chunrong hope that the initiative can incentivise owners of older vehicles to replace them with new ones equipped with advanced safety features to minimise hazards on the road.

-- BERNAMA