KUALA LUMPUR: Mercedes-Benz Malaysia Sdn Bhd will maintain prices over the short and medium term, despite the fluctuation in the ringgit at present.
Vice-president Mark Raine said the company would do its best to protect customers and continue with the long-term pricing strategy for its brand in Malaysia.
"Like any other business, we too are affected by the fluctuation of the ringgit. But we will use all the financial instruments to limit the effect as much as possible.
"We are constantly tracking and reviewing the exchange rate," he told reporters after announcing the company's third-quarter financial results in Kuala Lumpur on Thursday.
According to Raine, if the currency fluctuation remained for the longer term, the German-based carmaker may look into the possibility of re-adjusting vehicle prices for the Malaysian market.
On the excise duty exemptions for completely-knocked-down (CKD) hybrid models, due at the year-end, he said the company has applied for an extension period.
"We are in the process (of applying) and are quite optimistic of continuing with the current prices of our hybrid models as it is now," he said.
On the third-quarter sales performance, Mercedes-Benz Malaysia's year-to-date car sales jumped 70% to 8,196 units, from the 4,817 units sold in the same period of 2014.
As of August 2015, it successfully sold 7,194 units, surpassing the total of 6,932 units for the whole of financial year 2014, and making it another record breaking year.
Mercedes-Benz Malaysia president and chief executive officer Claus Weidner said the C-Class was the top contributor towards the growth, registering sales of 861 units or a 219% increase in the third quarter compared with the corresponding period of last year. - Bernama
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