Toyota seen cornering chunk of auto market

Quick Summary:

Toyota vehicles will account for close to half of the local auto industry’s sales by yearend as interest rate cuts and slower inflation will stimulate demand for its cars, according to Toyota Motor Philippines (TMP) President Masando Hashimoto.

This, he said, is being supported by the Comprehensive Automotive Resurgence Strategy (CARS) program.

As for its imports, Hashimoto said the company is getting support from the government through tariff cuts.

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Article Details

Author / Journalist: Andrea E. San Juan

Category: BusinessStartups

Markets: Philippines

Topics: Cars Year Hashimoto Philippines Program Automotive Support Auto Market Local Toyota

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 16:04:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 441 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23291667

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 62 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 15 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

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Publisher ID: #37

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