TMP projects 2015 vehicle sales to hit 120000 units - Inquirer.net
expects to exceed its target this year, as it sees vehicle sales hitting some 120,000 units on the back of rising domestic demand and a strong local economy. Our sales may even reach 120,000 units if the market will continue growing,” TMP president Michinobu Sugata said on the sidelines of the launch of the all-new Hilux held here on Tuesday night. According to Sugata, the locally assembled Vios model is expected to remain TMP’s best selling nameplate for this year. This model will be applied for participation in the government’s Comprehensive Automotive Resurgence Strategy program, which dangles P27 billion worth of incentives to vehicle assemblers and auto parts manufacturers. “I cannot say when (we will apply) but I can say that the Vios is the most probable candidate for the CARS program,” Sugata added. Under the CARS program, the Philippines is expected to attract more than P27 billion in new parts manufacturing investments. In the meantime, TMP launched here the 8th generation Hilux, a premium pick-up seen to enable the company to regain market leadership in this segment after losing it to a competitor last year, Sugata said. According to Sugata, sales of the Hilux are expected to hit 900 units a month, or as much as 5,400 units within the second half of this year, given the improvements made in this model. “The Hilux has gained a following since it was first introduced in the Philippines in 1993. We have sold 56,417 units of the Hilux over the past 22 years. Source: business.inquirer.net
