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Toyota eyes producing next-gen Tamaraw in PH in 2024; to invest P4.4B

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Jessica Fenol, ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="President Ferdinand R. Marcos Jr. with Toyota Motor Corporation Japan Chairman Akio Toyoda and Toyota Motor Corporation Philippines Chairman Alfred V. Ty tours the company" s="" plant="" at="" the="" Toyota="" Special="" Economic="" Zone="" in="" Santa="" Rosa-Tagaytay="" Highway="" Laguna="" on="" August="" KJ="" PPA="" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2023/business/08/24/20230822-bbm-toyota-plant-tour-ppa-6.jpg"/><figcaption>President Ferdinand R. Marcos Jr. with Toyota Motor Corporation Japan Chairman Akio Toyoda and Toyota Motor Corporation Philippines Chairman Alfred V. Ty tours the company&#x27;s plant at the Toyota Special Economic Zone in Santa Rosa-Tagaytay Highway in Santa Rosa, Laguna on August 22, 2023. <em>KJ Rosales, PPA pool</em></figcaption></figure></div><p><br/>MANILA — Toyota Motor Corp said it would produce the next-generation Tamaraw in its Sta. Rosa plant in Laguna starting in 2024.</p><p>During Toyota Motor Philippines&#x27; 35th year anniversary celebration, Toyota Motor Corp Chairman Akio Toyoda announced that the new IMV-0 vehicles (innovative international multi-purpose vehicles) would be produced in the country, for the first time ever, with an investment of P4.4 billion.</p><p>&quot;We are pleased to say that in 2024, for the first time ever, IMV vehicles such as this next-generation Tamaraw will be produced as CBU (completely built-up) vehicles right here in the Philippines at our Santa Rosa plant,&quot; he said.</p><p>&quot;This represents an additional investment of Toyota of P4.4 billion so when I say I&#x27;m committed to the Philippines, you can count on me to put my money where my mouth is,&quot; he added.</p><div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="The next-generation Tamarraw unveiled by Toyota. Screenshot" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2023/business/08/24/new-tamarraw.jpg"/><figcaption>The next-generation Tamarraw unveiled by Toyota. Screenshot</figcaption></figure></div><p>Toyoda said the IMV-0 concept was developed while closely observing the needs and lifestyles of potential owners.</p><p>He added that the company aims to continue providing economic opportunities for the Philippines and in Asia.</p><p>&quot;We want to contribute more to this country more than just cars,&quot; he said.</p><p>Toyota Motor Philippines also donated 35 brand new vehicles to the government during President Ferdinand Marcos Jr&#x27;s visit at the group&#x27;s Toyota Special Economic Zone in Sta. Rosa City, Laguna.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/08/22/23/toyota-donates-35-brand-new-vehicles-to-malacaang">Toyota donates 35 brand new vehicles to Malacañang to mark 35th year in PH</a></li>	<li><a href="https://news.abs-cbn.com/advertorial/life/03/07/23/why-people-are-choosing-to-goelectrified-with-toyota">Why people are choosing to #GoElectrified with Toyota</a></li>	<li><a href="https://news.abs-cbn.com/business/01/30/23/toyota-top-selling-automaker-for-third-year-running">Toyota top-selling automaker for third year running</a></li></ul><div><br/> </div>

Toyota Motor Corp said it would produce the next-generation Tamaraw in its Sta. Rosa plant in Laguna starting in 2024.

Toyota eyes producing next-gen Tamaraw in PH in 2024; to invest P4.4B

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Toyota eyes producing next-gen Tamaraw in PH in 2024; to invest P4.4B

Jessica Fenol,

ABS-CBN News

Published Aug 24, 2023 11:27 AM PHT

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TMP

Toyota Motor Philippines

next-generation Tamaraw

pickup

IMV-0

CBU

car production

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