The country’s automotive umbrella group is looking at a sales milestone of 500,000 units in 2025 as the domestic market continues to grow.
Federation of Automotive Industries of the Philippines (FAIPI) president Vicente Mills attributed this optimism to favorable economic conditions, market demand and upcoming developments.
“The demand for vehicles remains strong, driven by fleet modernization and economic recovery,” Mills said, highlighting the market’s resilience.
“The shift towards new technologies, including EVs,...
The country’s automotive umbrella group is looking at a sales milestone of 500,000 units in 2025 as the domestic market continues to grow.
Federation of Automotive Industries of the Philippines (FAIPI) president Vicente Mills attributed this optimism to favorable economic conditions, market demand and upcoming developments.
“The demand for vehicles remains strong, driven by fleet modernization and economic recovery,” Mills said, highlighting the market’s resilience.
“The shift towards new technologies, including EVs,...
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The BOI joined...