Mitsubishi Motors PH to produce new model in Santa Rosa facility
MANILA: A new Mitsubishi model is set to be produced in the Philippines, the company helm shared.
KEY TAKEAWAYS
How much of an investment is Mitsubishi Motors Corporation eyeing to pour in the Philippines?
The company is planning to spend P7 billion in the country in five year's time.How many units can Mitsubishi make in its Santa Rosa plant?
Currently, the Japanese automaker can produce 50,000 units annually.Mitsubishi Motors Corporation (MMC) President and Chief Executive Officer Takao Kato shared the information to President Ferdinand Marcos Jr. during a courtesy call in Malacañang as part of the P7-billion investment plan that the company will pour into the country.
The soon-to-be-produced Mitsubishi model in the Philippines has yet to be announced.
Based on the discussion with the country’s chief executive, a new model will be produced in the country, which could result in the further expansion of the marque's manufacturing facility in Santa Rosa, Laguna.
Currently, the brand’s plant (which is under its subsidiary Mitsubishi Motors Philippines Corporation) can produce 50,000 units per year.
Per Kato, the Philippines is Mitsubishi’s most important investment in Southeast Asia and is the firm’s number one market.
Should the investment plan push through, Mitsubishi will produce four nameplates in the Philippines, joining the likes of the following:
Aside from the Philippines, Mitsubishi also has manufacturing facilities in:
Japan |
Vietnam |
Thailand |
China |
Indonesia |
Russia |
For his part, Marcos appreciated MMC’s investment plan, noting that it will generate more jobs in the country.
“The jobs that it will provide, that your investment will provide, are very important to us and certainly, vehicle manufacture is one of those,” Marcos said.
With this, Marcos said that MMC will be included in the Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) Program, which is a proposed new version of the Comprehensive Automotive Resurgence Strategy (CARS) Program.
Also read:
Mitsubishi Motors PH to boost reach in Region 1 with upcoming Ilocos Sur dealer opening
Mitsubishi Motors PH brings back Mirage G4 Black Series
9th PIMS: Mitsubishi stages DST Concept global premier in PH
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