Automotive industry leader, Toyota Motor Philippines Corporation (TMP) inaugurated Friday, Aug. 12, its wholly-owned subsidiary Toyota Mobility Solutions Philippines, Inc.
(TMSPH), the first Toyota affiliate to venture into mobility-related services provider in Southeast Asia.
Led by a lady President Cristina Fe Arevalo, TMSPH offers a range of “new mobility solutions” that will enhance Toyota as a brand that creates value for society through a service business model.
From the traditional vehicle ownership, TMSPH will usher new Vehicle Usership (VU) platforms available for individuals and to micro, small, median and large enterprises.
TMSPH offers an initial pipeline of services which include fleet-connected service, on demand shuttle booking app, car sharing or rental, logistics matching service, and fleet management service.
TMP President Atsuhiro Okamoto, said 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.
For her part, Arevalo defined TMP’s concept of “new mobility” as a suite of technology and data -driven lifestyle and business solutions that can address day-to-day challenges of moving people and goods from one point to another.
“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 ,” she explained.
Arevalo highlighted that TMSPH will primarily support the operating efficiency and growth of MSMEs of various industries which are vital in driving economic growth.
Additionally, TMSPH will complement Toyota Financial Services Philippines Corporation
(TFSPH) in promoting and managing units under its full operating lease product called KINTO.
The first of its kind among Toyota affiliates in the Southeast Asian region, TMSPH is considered as a “New Mobility Dojo” that is projected to modernize domestic mobility systems and
Internet of Things (IoT), potentially creating employment opportunities for technical but customer -centric professional.
Even as TMP moves towards making mobility solutions a major component of its local operation, it remained committed to automotive manufacturing as the company’s core business and will continue to serve as a major driver of economic development. Toyota provides staunch support to local manufacturing, a backbone of the Philippine economy, through a strategic network of vehicle and parts manufacturing industries, as well as the export of automotive parts and components by local Toyota Group suppliers.
“Our vision has always been to contribute to the Philippine economy and society through our automotive manufacturing business,” TMP chairman Alfred V. Ty said.
As of 2021,TMP employs 63,000 Filipinos including its dealers, suppliers and affiliates.
“We have also contributed $17.1 billion in terms of auto component exports to our Toyota group worldwide since we started export operations in 1997,” said Ty.
At its manufacturing plant in Santa Rosa City, Laguna, TMP currently produces two models, the Innova and the Vios–a participating model with a P5.58-billion investment under the government’s Comprehensive Automotive Resurgence Strategy or CARS program.
TMP is the largest mobility company with the expansive reach of 72 Toyota dealers nationwide and one Lexus dealer in Metro Manila. Its employment network covers over 63,000 members across TMP, dealers and suppliers.