MANILA, Philippines – Mitsubishi Motors Philippines Corp. (MMPC) sees strong growth in the sales of trucks in view of the increased requirement for brand new, heavy-duty trucks in the country.
Froilan Dytianquin, MMPC first vice president for marketing told reporters there is a growing demand for trucks in the Philippines due to government policy, as well as an increase in public and private spending for infrastructure.
“Most of the companies are already shifting to brand new trucks, not used trucks from Japan, because I think right now the government would also like to implement that 15-year rule. There’s now a sudden growth on brand new trucks, not only on the light duty, but up to heavy duty trucks,” Dytianquin said on the sidelines of the 6th Philippine International Motor Show.
“And of course the construction is booming so there’s a lot of infrastructure, not only privately, but also the government. There’s going to be a lot of requirement for trucks,” he added.
According to the company official, MMPC’s truck sales, alone, have so far increased by 15 percent this year as compared to the same period last year.
As for the whole industry, data from the Chamber of Automotive Manufacturers of the Philippines Inc. and Truck Manufacturers Association showed sales of heavy duty trucks and buses jumped 91 percent with 193 units sold in June 2016. Light trucks also surged 41.5 percent in sales, while the trucks and buses category increased 48.1 percent.
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Dytianquin said MMPC is currently taking advantage of the increasing demand for heavy duty trucks with the introduction of its Fuso FJ and Fuso F1 line to the local market.
“Right now, we’re already banking on the growth because currently, we don’t have this medium to heavy duty line up. So we’re complementing already the line up with these new trucks coming from India,” he said.
