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Mitsubishi To Export Philippines Manufactured Units To ASEAN

Photo Credit: Mitsubishi Motors Philippines Corp. (MMPC)

Mitsubishi To Export Philippines Manufactured Units To ASEAN

According to the Philippines Department of Trade and Industry (DTI), Mitsubishi Motors Philippines Corp. (MMPC) would start exporting locally produced vehicles to different parts of Southeast Asia in 2019 and the company has also expressed a desire to help develop the local electric vehicle industry.

In particular, MMPC would be exporting the Mirage and L300 units in a bid to address the Philippines’ worsening trade deficit as well as the decreasing revenues in the entire local vehicle industry. Currently, MMPC is producing Mirage and Mirage G4 units domestically under the multibillion-peso Comprehensive Automotive Resurgence Strategy (CARS) programme, which is an initiative under the Aquino administration that aims to produce a total of 200,000 car units by 2023.

Regarding the export of MMPC manufactured vehicles, Trade Secretary, Ramon Lopez, has said, “We keep saying that building an export manufacturing base is the way to go. It is also a good import substitution strategy. Through this initiative, we will address the trade imbalance and provide more jobs to our countrymen.”

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