The pioneer mobility solution firm in Asia is opened in PH
Except for Toyota Cars Philippines, the company also has ambitions in other areas, such as motorcycles. Toyota Motor Philippines Corp (TMP) inaugurated a new wholly-owned subsidiary of Toyota Mobility Solutions Philippines, Inc. (TMSPH) on Friday in Taguig City, the first of its kind in the Philippines and Asia. Toyota Motor Corp. The new unit is expected to become a hub of excellence and mobility in the region, said Hao Quoc Tien, General Manager of the Asia Regio
Cristina Fe Arevalo, President of TMSPH, said that they envision of TMSPH to be at the center of the new mobility ecosystem served as a one-stop integrated mobility solution provider to push forward businesses in the field of driving, keep improving its services and satisfy the needs of local communities. The company’s initial service offerings include fleet connectivity, an on-demand shuttle booking app, car sharing or rental, mail logistics and fleet management services. The services aim to help alleviate the illnesses of commuters, as well as the logistical needs of businesses.
In 2020, TMP President Hiro Okamoto tried out different means of public transportation and experienced the public’s movement firsthand on the go.
He said that he wanted Toyota to face such a great challenge so that it can make contributions to improving the level of life of many Filipinos, said Okamoto. He added that as the largest automaker in the Philippines, Toyota is well positioned to develop and deliver mobility solutions. Meanwhile, in 34 years of working in the Philippines, TMP Chairman Alfred Ty said Toyota has invested PHP 73 billion and paid PHP 426 billion in taxes.
It has provided employment to 63,000 Filipinos in its manufacturing plant, dealer network, suppliers and subsidiaries. The company has also shared $17.1 billion in exports of auto components since it began exporting operations in 1997. Mr.Ty noted that the Philippines is currently Toyota’s 10th largest market in the world.
How brilliant the records TMP has gained are!
According to company president Alfred Ty, the company delivered its two millionth Toyota vehicle in March of this year, celebrating its 34th anniversary in the country earlier this month.
More importantly, they plan to deliver the millionth vehicle from the world-class Toyota Santa Rosa plant by the end of 2022, to make the Philippines the Japanese automaker’s tenth market.
Employing more than 63,000 people across the group, the company has also contributed approximately $17.1 billion in exports of auto parts to Toyota’s global network since 1997.
In turn, Toyota’s foreign investment inflows into the country totaled 73 billion pesos while the total financial contribution to the government reached 426 billion pesos during the same period.
But what does a company do when it is already the largest auto company in the Philippines with dominating shares in the local market? How to grow further when you are already the undisputed leader?
For TMP, it is not difficult to get the answer, it is to change the rules of the game or change one game from another. Last week, TMP launched Toyota Mobility Solutions Philippines Inc., a 100% owned subsidiary that will be a provider of mobility-related services.
Not only selling cars, but Toyota Mobility Solutions will also develop and deliver a range of new solutions to enhance the brand “by creating value for society through the service business model”.
According to TMP President Atsuhiro Okamoto, this new project “will better shape the role
industry plays in building our modern society and enriching people’s lives. courier logistics and fleet management services.
In addition, this will complement Toyota Financial Services Philippines Corp. in promoting and managing units under a fully operational rental product called KINTO, similar to car rental programs in the United States.
More importantly, the company is also doubling down investment in hybrids and electric vehicles as 4,444 more people become aware of measures to mitigate the effects of climate change by reducing their carbon footprint.