MERCEDES BENZ MALAYSIA CONTINUES TO INVEST FOR FUTURE GROWTH

12 Jul 2013 11:19

KUALA LUMPUR July 9 (Bernama) -- Mercedes-Benz Malaysia Sdn Bhd (MBM) is confident of a turn-around in the second half of the year and remains on course with its investments in the Malaysian market.

President and Chief Executive Officer Roland Folger said: "Given the economic climate in Q2, the slight decline in sales during this period is a reflection of general market sentiments, and we expect it.

"Nonetheless, we have great confidence in the Malaysian market and will continue to invest for future growth," president and chief executive officer Roland Folger said in a statement today. For the 1H2013 period, the company sold a total of 2,273 passenger vehicles with the C- and E- classes remaining the main volume contributors.

The B-Class gained significant momentum, registering a 122 per cent increase post-launch one year ago, while the M-Class followed this uptrend and registered an increase in sales by 93 per cent and the latest A-Class has made a significant impact on the market, he added.

"The company has allocated RM280 million over the next five years to capitalise on market growth potential," he said, adding MBM anticipates the second half of 2013 to be another exciting period.

Guided by fundamentals, MBM is planning more technology enhancements at its Pekan assembly plant, the launch of several new models and the continued expansion of its dealer network.

"MBM has had a succesful start to 2013 having met expectations, and we will not stop there.

"As we continue investing, we have many plans to further develop the business in Malaysia," Folger said.

-- BERNAMA

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