During a press conference following the launch of the Honda BR-V, Shugo Watanabe, assistant to managing director and CEO of Honda Malaysia revealed that the company has no plans to increase prices for now, despite the worsening ringgit.

“Of course, we may suffer from the currency situation but it is difficult to estimate the ringgit situation now, even though Malaysia’s GDP and trade balance are as they are. We have to see how things go but at this time, we have no plans to increase prices,” he said.

The depreciating ringgit, which currently stands at RM4.49 per USD at the time of writing, has led to speculation that manufacturers will increase their vehicle prices in 2017. Recently, Bermaz and Perodua have stated that its vehicle prices may go up as well.