Toyota bullish on PH market

Toyota Motor Philippines Corp. said Friday it is optimistic about the long-term outlook for the Philippine auto market, as it launched “new mobility solutions” in the country.

“We are very much encouraged by the directions set forth by President Marcos and his new administration and we stand ready to move the country forward. Although the auto market in 2022 is still expected to be 20 percent shy of pre-COVID levels, there are clear signs that motorization is finding its way back,” TMP chairman Alfred Ty said at the launch of Toyota Mobility Solutions Philippines Inc.

TMSPH president Ma. Cristina Fe Arevalo defined TMP’s concept of ‘new mobility’ as a suite of technology and data-driven lifestyle and business solutions that can address day-to-day challenges of moving people and goods from one point to another.

“We envision TMSPH to be at the center of the ‘new mobility’ ecosystem as an integrated, ‘one-stop’ mobility solutions provider to help advance businesses and address local communities’ needs,” she said.

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