In a sympathetic motion, DRB-Hicom managing director Tan Sri Mohd Khamil Jamil said that the company will not be increasing the prices of its cars anytime soon, with regards to the weakening Malaysian Ringgit.

A new report by Bernama quoted DRB-Hicom boss to say that the company is instead understanding of the nation’s tough times amidst the current economic situation, and has a plan in store to avoid having to increase car prices. His comments came after a sending-off ceremony for the first batch of students from the International College of Automotive (ICAM) to Britain, yesterday.

He said, “Our automotive segment has been affected naturally because most of our marques are CBU, while our property has also been affected as there are fewer buyers who are qualified for housing loans.”

“For the time being, we are not going to increase the prices because we are sensitive to the rakyat’s needs, so we are not taking this as an opportunity to increase the prices.

“We have been absorbing the cost as we are sensitive to the country’s economic development and we want to assist the rakyat and government in overcoming the difficulties that we are facing now.”

DRB-Hicom is involved in the automotive industry through several partnerships with automotives brands, including the manufacturing, assembly and distribution of them. These brands include, but are not limited to, Suzuki, Proton, Jeep, Mitsubishi, Honda, and Isuzu.