Toyota Motor Philippines Corp. (TMP) recently inaugurated Toyota Mobility Solutions Philippines Inc. (TMSPH), which aims to provide mobility-related services.
TMSPH ventures into the development and offering of a range of new mobility solutions to consumers with TMSPH’s Vehicle Usership (VU) platforms, available for individuals and the business sector.
TMSPH presented an initial pipeline of services which include fleet-connected service, an on-demand shuttle booking app, car sharing or rental, logistics matching service, and fleet management service. TMSPH will complement Toyota Financial Services Philippines Corporation (TFSPH) in promoting and managing units under its full operating lease product called KINTO.
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“We envision TMSPH to be at the center of the ‘new mobility’ ecosystem as an integrated, ‘one-stop’ mobility solutions provider to help advance businesses and address local communities’ needs,” said Ma. Cristina Fe Arevalo, president, TMSPH.
Arevalo highlighted that TMSPH will primarily support the operating efficiency and growth of micro, small and medium-sized enterprises or MSMEs of various industries which are vital in driving economic growth.
TMSPH also aims to modernize domestic mobility systems and the Internet of Things (IoT).
Philippine economy
Confident that the Philippines can rebound to the pre-pandemic momentum of motorization, TMP says the automotive manufacturing remains the company’s core business and will continue to serve as a major driver of economic development.
Toyota provides staunch support to local manufacturing, a backbone of the Philippine economy, through a strategic network of vehicle and parts manufacturing industries, as well as the export of automotive parts and components by local Toyota Group suppliers.
“Our vision has always been to contribute to the Philippine economy and society through our automotive manufacturing business,” said Alfred Ty, chair, TMP. “As of the end of last year, Toyota is happy to provide jobs for approximately 63,000 Filipinos at TMP, our dealers, suppliers, and affiliates. We have also contributed $17.1 billion in terms of auto component exports to our Toyota group worldwide since we started export operations in 1997.”
At its manufacturing plant in Santa Rosa City, Laguna, TMP currently produces two (2) models, the Innova and the Vios – a participating model with a P5.58-billion investment under the government’s Comprehensive Automotive Resurgence Strategy or CARS program.