Operations of the Batangas Vehicle Logistics Hub of Toyota Motors Phiippines (TMP) for imported vehicles will commence in the fourth quarter of 2021.
A total of P4.5 billion was invested by TMP for the logistics hub located in its 32-hectare facility near Batangas Port, the gateway to imported vehicles.
TMP said the facility will be used for pre-delivery inspection and post-production installation with an annual capacity of 160,000 units. It also has a stockyard that can accommodate at least 4,500 cars at a time.
“TMP remains committed to supporting the goal of the government to stimulate the economy and to prepare for the eventual resumption of motorization in the country. The auto industry is a key driver of economic activity and an essential part of the drive to increase mobility,” TMP president Atshuhiro Okamoto said.
TMP made the announcement as the government started to impose provisional safeguard duties on imported passenger cars and light commercial vehicles this month.
“As you know, however, TMP operates on the basis of a combination of locally-produced and imported vehicles. We will maximize efforts to promote sales of our Vios and Innova to cushion the impact of safeguard duties,” Okamoto said.
Photo by Toyota.com.ph