Toyota Motor Philippines

Last updated

Toyota Motor Philippines Corporation
Company type Subsidiary
FoundedAugust 3, 1988;36 years ago (1988-08-03)
HeadquartersToyota Special Economic Zone 4026, Santa Rosa–Tagaytay Road, Santa Rosa, Laguna
Area served
Philippines
Key people
Alfred Ty (Chairman)
Masando Hashimoto (President)
Products Automobiles
Owner GT Capital (51%)
Toyota (34%)
Mitsui & Co (15%)
Website Toyota Philippines
Lexus Philippines

Toyota Motor Philippines Corporation (TMP) is a subsidiary of Toyota, based in Santa Rosa, Laguna, Philippines, responsible for the assembly and distribution of Toyota vehicles in the Philippines since 1988. The company was established on August 3, 1988, as a joint venture between Toyota, Mitsui & Co and GT Capital. [1] [2] [3]

Contents

Its main production facility, the 82-hectare Toyota Special Economic Zone (TSEZ), is located in Santa Rosa, Laguna for assembling cars. TMPC is also the provider of financial services unit, Toyota Financial Services Philippines, and Lexus Manila, Inc., the official distributor of Lexus cars. [1]

History

Toyota's presence in the Philippines dates back to 1962 when Delta Motor Corporation, a company established by Ricardo C. Silverio Sr., acquired the rights to assemble and distribute Toyota vehicles for the Philippine market. Delta Motor Corporation collapsed during the Philippine economic downturn in the early 1980s. Operations came to a halt in December 1983 and by March 1984, Toyota's tie-up with Delta Motor Corporation was terminated. The company was dissolved by 1988.[ citation needed ]

When Toyota Motor Corporation president Shoichiro Toyoda came looking for a new partner in the Philippines, he sought out Dr. George S. K. Ty, and on August 3, 1988, TMPC was incorporated as a joint-venture among Metrobank, Toyota Motor Corporation and Mitsui & Co.[ citation needed ]

In 1994, TMPC captured its first "Triple Crown": No.1 in Total Sales, Passenger Car Sales and Commercial Vehicle Sales. It has continued its Triple Crown run up to the present, garnering 19 consecutive Triple Crowns as of 2019.[ citation needed ]

In April 1997, TMPC opened its Sta. Rosa Assembly Plant complementing the operations at the Bicutan Assembly Plant (formerly, the Delta Motor Corporation assembly plant). In 2003, TMPC's Sta. Rosa Industrial Complex is certified as an economic zone by the Philippine Economic Zone Authority.[ citation needed ]

The Bicutan Assembly Plant was closed in 2005 and all production was moved to Santa Rosa, Laguna. The old plant became Toyota Bicutan Parañaque built fronting the Bicutan exit of Metro Manila Skyway.[ citation needed ]

For the 35th anniversary celebration of Toyota Motor Philippines, Toyota Chairman Akio Toyoda announced the return of the Toyota Tamaraw and its local production at the TMP Santa Rosa Plant will begin on 2024.[ citation needed ]

Models

Toyota Innova 2.8 E.jpg
Innova
2021 Toyota Yaris ATIV Play Limited Edition Sport Premium.jpg
Vios

Current

Former

Related Research Articles

<span class="mw-page-title-main">Daihatsu</span> Japanese automotive manufacturer

Daihatsu Motor Co., Ltd. is a Japanese automobile manufacturer headquartered in Ikeda, Osaka Prefecture, Japan.

<span class="mw-page-title-main">Ford Motor Company Philippines</span> Automotive company in the Philippines

Ford Group Philippines, Inc. (FGPI) is a Philippine-based subsidiary of Ford Motor Company. It was primarily focused on manufacturing automobiles for local and regional markets from 1998 until 2012. It built the Ford Escape, Ford Laser/Lynx, Ford Focus, Mazda3, and Mazda Tribute for the Philippines, Thailand, Indonesia, Singapore, Malaysia and Vietnam. Since 2012, Ford Philippines imports the vehicles it sells to the Philippine market. These imports come mostly from Thailand and the United States.

Toyota New Zealand Limited is the importer and distributor of new Toyota and Lexus vehicles to New Zealand. It also imports used vehicles from Japan and refurbishes them at its former assembly plant in Thames.

<span class="mw-page-title-main">Toyota Vios</span> Subcompact car

The Toyota Vios is a nameplate used for subcompact cars produced by the Japanese manufacturer Toyota, primarily for markets in Southeast Asia, China and Taiwan since 2002. Slotted below the compact Corolla, the Vios serves as the replacement to the Tercel, which filled the subcompact or B-segment sedan class in the region. It is also successor to the entry-level variants of the E110 series Corolla in some markets such as the Philippines and Vietnam.

<span class="mw-page-title-main">Mitsubishi Motors Philippines</span> Automotive manufacturer in the Philippines

Mitsubishi Motors Philippines Corporation (MMPC) is the Philippine operation of Mitsubishi Motors Corporation (MMC), where it is the second-biggest seller of automobiles. MMPC is one of MMC's four manufacturing facilities outside Japan, and currently produces the Mitsubishi Mirage, Mirage G4, and the L300. From 1987 to 2018, MMPC was the distributor of Mitsubishi Fuso commercial vehicles in the Philippines until Sojitz Fuso Philippines Corporation was established in September 2018. The company's slogan is "Drive your Ambition", which has been part of Mitsubishi Motors' global rebranding since 2018.

UMW Toyota Motor Sdn. Bhd. (UMWT) is the appointed Toyota distributor, assembler and exporter of Toyota vehicles in Malaysia. The company was founded in October 1982 as Sejati Motor, prior to being renamed UMW Toyota Motor in October 1987.

Delta Motor Corporation was a former automobile company established by Ricardo C. Silverio Sr. in the Philippines. It operated under a technical tie-up with Toyota Motor Corporation of Japan, but also produced its own range of small off-roaders called the "Delta Mini Cruiser". Delta was founded in 1962 and continued to be Toyota's local assembler and distributor until 1984.

Isuzu Philippines Corporation (IPC) is a subsidiary of the Japanese commercial vehicle manufacturer Isuzu and headquartered in Biñan, Laguna, Philippines. The company was formed on August 7, 1995 with an investment of ₱1,000,000.000s. The company operates as a joint venture with Mitsubishi Motors Philippines Corporation (MMPC), with each holding 35%. Other shareholders, with a share of 30%, include the Ayala Corporation and the Yuchengco Group of Companies.

<span class="mw-page-title-main">Nissan Motor Philippines</span> Automotive brand in the Philippines

The Nissan Philippines, Inc. is a joint venture between Nissan Motor Company, Universal Motors Corporation and Yulon Philippines Investment Co. Ltd. for the import and distribution of Nissan automobiles, multi-purpose vehicles (MPV) and sport utility vehicles (SUV) in the Philippines.

Toyota Motor Thailand Co., Ltd. (TMT) is the wholly owned subsidiary of Toyota Motor Corporation in Thailand, established in 1962. In 1979, Toyota began making pressed body parts in Thailand. In 1989, TMT began manufacturing engines locally. TMT controls the manufacturing of Toyota cars in Thailand and they supply cars to various official dealers throughout Thailand. TMT's main export market is the ASEAN region and the Oceania, but TMT also export cars to different parts of the world, especially the Toyota Hilux Vigo model. As of April 2016, there were 150 official Toyota dealers with 455 showrooms approved by TMT.

<span class="mw-page-title-main">Automotive industry in Indonesia</span>

The automotive industry in Indonesia plays an important role to the economic growth of the nation, contributing 10.16 per cent of the GDP. Indonesia automotive product exports is currently higher in value than their imports. In 2017, Indonesia is the 17th-largest passenger-vehicle producer in the world and the 5th largest passenger vehicle producer in Asia, producing 0.98 million vehicles.

<span class="mw-page-title-main">Automotive industry in Thailand</span>

As of 2019, the automotive industry in Thailand is the largest in Southeast Asia and the 10th largest in the world. The Thai industry has an annual output of more than two million vehicles, more than countries such as Belgium, Canada, the United Kingdom, Italy, Czech Republic and Turkey.

<span class="mw-page-title-main">Toyota Yaris (XP150)</span> Subcompact car manufactured by Toyota

The XP150 series Toyota Yaris is a subcompact car produced and sold by Toyota under the Yaris nameplate since 2013. Marketed exclusively for emerging markets, it is the hatchback counterpart of the XP150 series Vios subcompact sedan, which in some markets also shared the same Yaris nameplate. It is larger and longer than the unrelated XP130 series Yaris hatchback which was marketed in Japan, North America, Europe and Australasia, and the succeeding TNGA-based XP210 series Yaris.

PT Astra Daihatsu Motor is an automobile manufacturing company based in Jakarta, Indonesia. It is a joint venture company between Daihatsu, Astra International and Toyota Tsusho. It is the largest car manufacturer in Indonesia by production output and installed capacity, and has been second best-selling car brand behind Toyota. ADM also supplied most Toyota-branded models sold in Indonesia, which includes compact cars such as Avanza, Rush, Agya and Calya.

<span class="mw-page-title-main">Toyota Astra Motor</span> Indonesian automobile manufacturer

PT Toyota-Astra Motor is an automobile trading company based in Jakarta, Indonesia. It is a joint venture company between Toyota Motor Corporation and Astra International with a distribution of shares of 50% and 50% respectively, acting as a sole agent, distributor, and importer of Toyota vehicles.

<span class="mw-page-title-main">Automotive industry in the Philippines</span>

The automotive industry in the Philippines is one of the largest in the Asia-Pacific region, with approximately 441.4 thousand vehicles sold in 2023. Most of the vehicles sold and built in the Philippines are from foreign brands. For the most part, the Philippines is dominated by Japanese automobile manufacturers like most of its ASEAN neighbors. The automobile production in the country is covered under the Philippine Motor Vehicle Development Program implemented by the Board of Investments. In addition, there are also a small number of independent firms who assemble and fabricate jeepneys and other similar vehicles, using surplus engines and drivetrain parts mostly from Japan.

This is a list of concept vehicles made by Toyota from the years 2020–2029.

<span class="mw-page-title-main">Toyota Hilux Champ</span> Motor vehicle

The Toyota Hilux Champ is a light commercial vehicle manufactured by the Japanese carmaker Toyota since 2023. Based on the Hilux, the Hilux Champ is positioned below it as a simpler and more affordable alternative. It is available as a two-door pickup truck or two-door chassis cab, and primarily targets emerging markets.

References

  1. 1 2 "Who we are". Philippines: Toyota. Retrieved 2023-11-12.
  2. "GT Capital - Toyota Motor Philippines Corp. (TMP)". Philippines: GT Capital. Retrieved 2023-11-12.
  3. "President Marcos of the Philippines Visits Toyota Motor Philippines Plant" (Press release). Japan: Toyota. 2023-08-22. Retrieved 2023-11-12.