Toyota Motor Philippines Corp. (TMP) president Masando Hashimoto said Thursday the Philippines has evolved into a vital export and production base for the automotive group, generating $3.83 billion in parts exports and selling more than 230,000 vehicles in 2025.
Speaking at a meeting of the Philippine Joint Economic Council and the Japan-Philippines Economic Coordination Committee in Manila, Hashimoto said the 230,000 units sold last year represented a 46-percent market share. This performance has placed the Philippines among the top 10 markets for Toyota globally.
The company has reached a milestone of more than 2 million cumulative units sold, with about 1.3 million of those vehicles currently in use on Philippine roads.
“While we build an industrial base here, we also earn foreign currency for the nation,” Hashimoto said, highlighting the significant export contributions of the local operations.
Toyota Aisin Philippines is a primary driver of this growth, shipping more than 6.5 million transmissions to global facilities and generating $3.83 billion in total revenue.
Other members of the Toyota Suppliers’ Club of the Philippines, such as Yazaki-Torres Manufacturing and Denso Philippines, remain integrated into the global supply chain.
The manufacturing hub in Santa Rosa provides employment for about 4,500 workers. Hashimoto noted the importance of the local workforce, saying that “the Philippines’ greatest asset has always been its people.”
Beyond local manufacturing, the company has exported talent, with about 200 graduates from the Toyota Motor Philippines School of Technology now working at dealerships across Japan.
