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Mercedes-Benz Malaysia (MBM) has just announced that all of its models except for the Mercedes-Benz S 400h L, will maintain their prices moving into 2016 for the foreseeable future.

The company also confirmed that its customers will continue to benefit from the import duty and excise tax exemptions placed on the locally-assembled Mercedes-Benz S 400h L and E 300h. But while the E 300h maintains its RM338,888 price tag, the S-Class hybrid will take on a RM15,000 price increase.

MBM explains that an “inflationary change” is the reason behind the RM15k price hike for the S-Class. Therefore, the S 400h L’s new price is listed at RM598,888 (OTR without insurance). It was previously listed at RM583,888, which itself was a reduction from the original RM587,888 it was listed at.

Speaking about the import duty and excise tax exemptions, MBM’s president, Dr Claus Weidner said that, “we are delighted to have been granted an extension on duty exemptions and can continue to offer our discerning Malaysian customers with leading hybrid and energy-efficient vehicles (EEVs) at attractive prices.”

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He continued, “in our commitment to the Malaysian automotive market and our customers, we have invested in a sustainable manner into our production plant and have brought in the suitable technology geared to support the nation’s aspirations of becoming an EEV hub.”

Mark Raine, MBM’s vice president of Passenger Car Sales and Marketing, added that, “given the success we have seen with the Mercedes-Benz hybrids and our quest to contribute towards making Malaysia a hub for EEVs, we are always examining the possibility of expanding our range of vehicles in this country.”

“We will not increase the prices across the board at the start of 2016 but will continue to monitor all influencing factors. In the interest of our customers we continue to provide the best product experience and customer services at competitive prices,” he concluded.