The Department of Trade and Industry and the local car assemblers agreed to review and revise the automotive incentives program to make them more relevant in the new normal.
Chamber of Automotive Manufacturers of the Philippines Inc. president Rommel Gutierrez said the participants in the Comprehensive Automotive Resurgence Strategy program relayed to the government they could not comply with the volume of production required under the program.
“We already agreed that the volume requirement cannot be met. And government understands this. Right now, we continue to talk about what would be the appropriate measures or actions to take,” Gutierrez said during the weekend launch of the new Toyota Fortuner.
CAMPI, representing CARS participants Toyota Motors Philippines and Mitsubishi Motors Philippines Corp., virtually met with Trade Secretary Ramon Lopez last week.
Gutierrez said the meeting was the first of a series the group expected to have with the DTI to resolve program concerns.