KUALA LUMPUR – Mercedes-Benz Malaysia Sdn Bhd will continue to invest in Malaysia despite global economic uncertainty amid lower crude oil prices, as well as the weakening ringgit.
President and Chief Executive Officer Roland Folger said Malaysia represents a good business opportunity for the premium segment carmaker, however, the future investment would largely depend on the government’s support on its overall business plan in the country.
“Malaysia is a country that we definitely planned to invest more, and given our relationship with the government is up to par, and we’ve received support at the moment to justify our future investment here,” he told reporters on the sidelines of NZ Wheels key handover ceremony here today.
NZ Wheels Sdn Bhd, an authorised dealer of the premium car brand, today completed the sale of five Mercedes-Benz S400L hybrid passenger cars worth about RM3 million to Metro Travel and Tours Service Sdn Bhd, an exclusive limousine and service provider.
Asked on the impact of the weakening ringgit on the company, he said car sales in the local market were mainly driven by the models and products that the company produces.
“Looking at the positive side, the lower ringgit makes our goods more affordable outside Malaysia and it helps in terms of business and export, however, it would naturally influence our overall business,” Folger said.
The company had no plans to reduce its investment in Malaysia, he added.
Mercedes-Benz said earlier this month it would invest RM280 million up to 2019 mainly to upgrade its production facilities and expand dealer network.
Last year, the company invested RM15 million in its production plant in Pekan, Pahang, which assembles its hybrid models. – BERNAMA