Automotive manufacturer and mobility company Toyota Motor Philippines Corporation (TMP) has announced that it has sold more than 2 million units in the country since it started operations in 1988.
“Surpassing the two million mark would not be possible without the support of our loyal Toyota and Lexus customers, the commitment of our 73-strong Toyota dealer network, and of course the sense of ownership that every TMP team member has to our goal and responsibility of providing mobility for all. Thank you for making the Philippines a Toyota country,” said Atsuhiro Okamoto, president, TMP.
With a vision of having a globally competitive automotive manufacturing industry in the country, Dr. George SK Ty established TMP through a strong partnership among GT Capital Holdings, Toyota Motor Corporation, and Mitsui & Co., LTD. Over the past 34 years, TMP has grown to be one of the top corporations in the country.
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Today, TMP is one of the key manufacturers and distributors of Toyota in the Asia Pacific region, making Toyota the leading car brand in the Philippines for decades, with a market share reaching 46.3% by end of 2021. This yearend market share is TMP’s highest in its history and the highest in the Asean region.
Based in Sta. Rosa City in Laguna, TMP operates the largest car manufacturing and assembly plant in the country to produce the best-selling Vios and Innova models. TMP’s operations contribute to the advancement of automotive manufacturing in the country, and provide a livelihood to over 60,000 employees in the entire value chain.
Since the start of its operations, TMP’s manufacturing plant has rolled out over 958,000 CKD units, producing some of the most iconic cars on the road including the Crown, Corolla, Lite Ace, and Tamaraw. Today, TMP’s local manufacturing operations remain strong, selling over 35,000 Vios units, the most of any Passenger Car (PC), and more than 13,000 Innova units last year.