Toyota to raise Phl production by 18%

 Economy
Jul 082013
 

SANTA ROSA, Laguna, Philippines — Toyota Motor Philippines Corp. (TMPC) is planning to hike its total production by 18 percent to 36,300 units this year from a year ago as it expects higher demand for vehicles.

Speaking at the ceremonial roll-off of the all-new Vios yesterday, TMPC president Michinobu Sugata said the firm has made improvements in its production line to increase its capacity and be able to manufacture more vehicles.

“The result of all these improvements is a faster production line giving us a 10 percent increase in capacity from 30,500 to 33,300 vehicles per year,” he said.

“We expect to sell more than that number so we plan to actually build 36,300 units of Vios and Innova by the end of 2013, which is 18 percent more than last year, by rendering overtime and holiday work,” he said further.

The improvements made at the company’s plant required the investment of more than P2 billion.

The firm decided to raise the level of its production capability as it expects strong demand for vehicles  particularly for the all-new Vios sedan, which accounts for 60 percent of the company’s total sales of completely knocked down units.

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“TMP is confident that the new Vios will recharge the market.  Anticipating higher demand due to this model’s improved features, we raised the level of our production capability to ensure that what the customers want, we can supply,” Sugata said.

He noted that about 14,594 units of the all-new Vios will be built here from July to December.

Last year, TMPC sold 16,517 units of Vios, making it the country’s best-selling vehicle.

TMPC vice president for corporate affairs Rommel Gutierrez told reporters in the same event the firm is aiming to sell 2,000 units of the all-new Vios per month.

He also said the firm wants its total vehicle sales to reach at least 70,000 units this year from 65,396 units in 2012.

“Drivers (of the higher sales) will be the GDP (gross domestic product) and motorization,” he said.

Moving forward, the company also intends to increase the local content of the

“We are targeting at least 40 percent,” Gutierrez said, noting that about 20 percent of the parts of Toyota vehicles produced here are sourced from the local market.

Vehicle sales up 23% to 72,988 units as of May

 Economy
Jun 132013
 
Vehicle sales up 23% to 72,988 units as of May

MANILA, Philippines – Sales of car and truck assemblers went up by more than a fifth in the January to May period from last year due to strong demand for vehicles, the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) said. In a statement yesterday, the CAMPI said combined sales of the group and the Truck Manufacturers Association Inc. reached 72,988 units as of end-May, 23.3 percent higher than the 59,174 units in the comparable period last year. Passenger car sales rose 35.4 percent to 23,904 units in the five-month period from the 17,656 units last year. Sales of commercial vehicles also grew 18.2 percent to 49,084 units as of end-May, from 41,518 units in the previous year. Light commercial vehicle sales, which reached 30,680 units as of end-May, also posted a 28.9 percent increase from 23,807 units a year ago. “Improvement in the economy is always first manifested by an upward trend in light commercial vehicle sales. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 This is because this type of vehicle could easily double as a family vehicle and a business transport service,” CAMPI president Rommel Gutierrez said. Higher sales of trucks and buses were also seen for the five-month period which jumped 58 percent to 778 units from 493 units in the previous year. By company, Toyota Motor Philippines Corp. remained the market leader with its 40.34 percent share.

CAMPI eyes 10% sales hike

 Economy
Jan 272013
 
CAMPI eyes 10% sales hike

MANILA, Philippines – Auto sales are expected to grow by 10 percent this year from last year on the back of the country’s strong economic performance. Chamber of Automotive Manufacturers of the Philippines Inc.(CAMPI) president Rommel Gutierrez said in a text message that they expect sales to  reach 172,000 units this year. Last year, CAMPI sold 156,649 units, up 11 percent from 2011 due to an increase in purchases of both commercial vehicles and passenger cars as well as the influx of new models and availability of competitive financing schemes. The group said that last year’s growth could have even been higher if not for supply constraints in the first quarter as a result of heavy flooding in Thailand in 2011. For this year, Gutierrez said the higher sales will be driven by the “sustained economic growth, (and as) GDP (gross domestic product) per capita (is seen) to reach $2,500.” He said growth in remittances from overseas Filipino workers, election spending and overall positive economic outlook, are likewise seen to allow the group to achieve higher sales this year. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 On expectations of continued positive economic conditions, car firms are also looking to introduce new models in the market. Gutierrez said total industry sales are likewise expected to rise, hitting 200,000 units this year. Total industry sales in 2012 stood at 184,248 units. Total vehicle sales last year posted an 11.6 percent increase from 2011 due to the strong demand for both Read More …