BMW Malaysia Has No Plans of Price Hike: In-Talks With Govt. for EEV Incentives

Kuala Lumpur: Speaking at the local launch of new X1 compact SUV, BMW Malaysia has announced that it has no plans of price hike anytime soon. Also, the company has confirmed that it is in talks with the Government for EEV Incentives.

To the changes we have seen in ringgit in the last few months, Allan Harris, Managing Director and CEO of BMW Group Malaysia said, “At the moment, we are absorbing any additional costs that come our way.'

"With the current exchange rate of (the lower half of) RM4 to the US dollar, the company is still able to cope. But should it go up to the RM5 or RM6 mark, we might have to reconsider our position,” he added.

Thanks to these conditions, the automaker has also confirmed that it has applied for the government's 'customized incentives' for Energy Efficient Vehicles (EEV) - the same incentives that inspired Mercedes-Benz Malaysia to announce the price-cut for all its existing W205 C-Class variants sold in Malaysia.

Also Read: Mercedes-Benz M'sia Announces C-Class Price Cut

“Every manufacturer in the industry is in discussion with the government, applying for the EEV incentives. However, given that these are customised incentives, each manufacturer may not get the same. We are certainly in talks (with the government), and as soon as we know what the results of those discussions are, we will announce something new,” Harris explained.

At the same event, BMW Malaysia also revealed its year-to-date business performance figures. The automaker has brought 5,222 BMW models, 555 MINI vehicles and 745 motorcycles under BMW Motorrad - making its 2015 performance figures till date up to 5,777 passenger vehicles sold. (Excluding BMW Motorcycles).

Also Read: F48 BMW X1 Launched in Malaysia with a Price Tag of RM280k