SST cut extension a boon for CKD 2021 Mercedes-Benz GLE, 3 more launches next
Hans · Jun 2, 2021 09:11 AM
Mercedes-Benz Malaysia (MBM) is in a strong position to capitalize on the sales and services tax (SST) cut extension.
Originally meant to expire on 30-June 2021, barely a month after the price deducted, locally-assembled (CKD) 2021 Mercedes-Benz GLE 450 was launched, the extension until 31-December 2021 will allow MBM to fulfill more of the orders collected.
"We welcome the government's decision to extend the sales tax exemption until the end of this year. Last year we saw tangible benefits from the tax incentive relief introduced by the government, helping the industry recover faster and drive demand,” said Dr. Claus Weidner, President and CEO of Mercedes-Benz Malaysia, in an email to WapCar.my.
Assembled at Mercedes-Benz Malaysia’s vehicle assembly plant in Pekan, the GLE 450 is eligible for full SST exemption.
The BMW X5-rivalling SUV is priced at RM 475,501 without SST, more than RM 110k cheaper than the previous imported from USA (CBU) model, which was last sold at RM 584,720, with SST.
For comparison, the plug-in hybrid BMW X5 xDrive45e M Sport sells for RM 439,443, without SST. The GLE 450 doesn’t benefit from a plug-in hybrid drivetrain but it offers the superior utility of having 7 seats, versus the X5 45e’s five.