"It would seem that 2018 is still a challenging year with the implementation of the tax reform program under the TRAIN PACKAGE 1 at the start of this year," said Chua. "Not only did the the most popular segment of vehicles get hit with higher excise tax, the first salvo of excise tax on both gasoline and diesel were also implemented at the same time causing a worrisome 14 percent decline in automotive sales." “We had to work hard to look for models that the Philippine motoring public wanted and needed at a price that would still be affordable. Hence, we are here today to introduce the first salvo of new products that we are introducing in the Philippines, the BJ20 SUV and the M50S MPV," he added. During the event, Chua immediately revealed to the public the arrival of the automatic transmission variant of the M50S before the year ends. "We're looking (to introduce) for one more (variant), hopefully before or in time for the Philippine International Motor Show (PIMS)," Chua shared.
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