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The local unit of automotive giant Toyota Motor plans to build around 20,000 units of its next-generation Tamaraw utility vehicle in its first year of production in the country.
The automaker is setting the price below P800,000 for the base model of the Tamaraw, which is scheduled to be available in the market in January.
“We are expecting the monthly [sales to be from] 1,500 to 1,800 [units],” Toyota Motor Philippines Corp. (TMPC) president Masando Hashimoto told reporters on the sidelines of the ceremonial roll off for the Tamaraw at their manufacturing facility in Sta. Rosa, Laguna, on Thursday.
Hashimoto said that the locally made Tamaraw vehicles will be using the conventional internal combustion engine, but said that they are not ruling out the possibility of manufacturing an electric vehicle variant if there is local demand.
