The Volvo XC90 is now cheaper in Thailand, thanks to imports from Malaysia instead of Sweden, the Bangkok Post reports. Malaysian assembly has reduced retail prices by around one million baht in the Land of Smiles.

The top-of-the-range XC90 T8 plug-in hybrid, in the richest Inscription trim level, is now priced at 4.89 million baht (RM628,134), which is 1.1 million baht (RM141,298) cheaper than the similar car imported from Sweden.

The English language daily points out that Volvo’s flagship SUV slightly undercuts the Mercedes-Benz GLE 500e AMG Dynamic, but is 191,000 baht (RM24,537) costlier than the BMW X5 xDrive40e. Like the XC90 T8, both the Germans are plug-in hybrids, but the Volvo’s 407 hp/640 Nm and 40 km pure electric range is superior.

Volvo Car Thailand is also selling the seven-seater in the lower Momentum trim level, priced at 4.49 million baht (RM576,939). Not available in Malaysia, the 2.0 litre diesel (225 hp, 470 Nm) XC90 D5 is priced at 4.19 million baht (RM538,197), comfortably undercutting oil burning variants of the Audi Q7 and Land Rover Discovery in Thailand.

Here, the only other country in the world to produce the big SUV outside of Sweden, the CKD XC90 T8 Inscription is priced at RM403,888 thanks to hybrid local assembly incentives. That’s a massive RM224k lower than the Thai price, which makes the car quite a bit of a bargain here.

GALLERY: Volvo XC90 T8 Twin Engine