Mitsubishi Malaysia to raise car prices by 7% in 1Q2016

-A +A

KUALA LUMPUR (Nov 4): Mitsubishi Motors Malaysia (MMM) said it will increase the selling prices of Mitsubishi vehicles as much as 7%, effective first quarter of 2016.

The increase was due to the depreciating ringgit that has impacted the overall cost of the vehicle, the Japanese car maker said in a statement today.

The official distributor of Mitsubishi estimated the price increase to be around 2% to 7% depending on the model.

“Despite all adversities, rest assured that MMM will continue to offer attractive on-going deals and promotions for our customers.

"MMM remains committed to provide all Malaysians with a pleasant ownership and value-for-money cars,” said MMM Chief Executive Officer (CEO) Yang Won-Chul.

If the ringgit appreciates to a better currency, he said the company will review its pricing structure again.

MMM is represented by 58 showrooms (out of which 49 are 3S Centres) and 53 service outlets, throughout Malaysia.

Since 2005, MMM has sold more than 90,000 units of vehicles in Malaysia. The ASX 2WD and 4WD compact SUV is locally assembled in Malaysia, while the other Mitsubishi models are imported as CBU (Completely Built-Up) units from Thailand (compact hatchback Mirage, compact sedan Attrage, Pajero Sport SUV, Triton pick-ups) and Japan (Lancer).