Toyota opens Asia’s first mobility solution firm in PH. Japanese carmaker Toyota opens Asia’s first mobility solution firm in the Philippines.
Toyota Motor Philippines Corp. (TMP) opened its own fully owned subsidiary Toyota Mobility Solutions Philippines, Inc. (TMSPH) in Taguig City on Friday, the first of its type in the Philippines and Asia.
In a news statement issued on Friday, TMP said that the newly launched subsidiary would enhance the automotive firm “as a brand that creates value for society through a service business model.”
President Atsuhiro Okamoto Statement
According to TMP President Atsuhiro Okamoto, the new venture will “better shape the industry’s role in building our modern societies and enriching human lives.”
“We will accelerate the fulfillment of Toyota’s global mission to ‘Produce Happiness for All’ and vision to create ‘Mobility for All,’” he added.
Toyota opens Asia’s first mobility solution firm in the Philippines
The initial pipeline of services offered by the firm comprises fleet-connected service, an on-demand shuttle booking app, automobile sharing or rental, logistics matching service, and fleet management service.
The services are designed to benefit the commuting public as well as businesses with their logistical demands.
TMSPH president Ma. Cristina Fe Arevalo said, “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.”
In 2020, TMP president Hiro Okamoto tried various modes of public transportation. And experienced first-hand the journey of the commuting public.
“I said that I would like Toyota to take part in this big challenge to help upgrade the quality of life of many Filipinos,” Okamoto said.
He added that as the top automaker in the Philippines. Toyota is in an excellent position to innovate and provide mobility solutions.
TMP Chairman Alfred Ty said that during its 34 years in the Philippines, Toyota had made investments totaling PHP 73 billion and paid taxes of PHP 426 billion.
In its production facility, dealership networks, suppliers, and affiliates, it gave 63,000 Filipinos jobs.
Since it started its export activities in 1997, the firm has exported car components worth USD17.1 billion.
Ty mentioned that the Philippines is currently Toyota’s tenth-largest global market. (PNA)