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Manila Bulletin devider Business devider Trade & Industry devider Mitsubishi Motors to pour ₱7 billion into Philippine operations, confident in economic growth

Mitsubishi Motors to pour ₱7 billion into Philippine operations, confident in economic growth

Published Jun 10, 2025 03:38 pm
In photo (from left to right): MMPC Corporate Division Executive Vice President Tomoyasu Moriya, BOI Executive Director Corazon Halili-Dichosa, MMPC Government Affairs Advisor Nora Terrado, and MMPC Government Affairs Manager Catherine Ofilada.
In photo (from left to right): MMPC Corporate Division Executive Vice President Tomoyasu Moriya, BOI Executive Director Corazon Halili-Dichosa, MMPC Government Affairs Advisor Nora Terrado, and MMPC Government Affairs Manager Catherine Ofilada.
Mitsubishi Motors Philippines Corp. (MMPC) has reaffirmed its commitment to invest in the country, including its $7 billion investment plan over the next five years.
In a statement, MMPC said it met with the Board of Investments (BOI), led by Executive Director Corazon Halili-Dichosa, to emphasize its support to the Philippine economy.
MMPC, a wholly owned subsidiary of Japanese auto giant Mitsubishi Motors Corp. (MMC), is intent on keeping its spot as among the country’s leading firms in the local automotive sector.
Over the past 10 years, the carmaker has invested over ₱11.6 billion into its local production and operations.
In February of this year, Malacañang announced that MMPC is set to invest an additional ₱7 billion over the next five years.
The company reaffirmed this plan in its meeting with the BOI, noting that this is part of its strong outlook on the country’s economic resilience and growth potential.
It said that it remains confidence in government-led initiatives to drive industry growth, especially as the country remains a major contributor to Mitsubishi’s regional and global performance.
Earlier this year, President Ferdinand “Bongbong” Marcos Jr. said MMPC will be included in the government’s Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program to support its investment plan.
Under the proposed RACE, the government is aiming to provide a total of ₱9 billion in funding for the production of three models of four-wheeled internal combustion engine vehicles.
Each participating vehicle manufacturer is entitled to get funding up to ₱3 billion under the program.
To qualify for such, the company should be new investments in the production of the enrolled vehicle model, which shall be launched in the market within two years.
MMPC, the longest staying automotive company in the Philippines, occupies a 23-hectare plant in Sta. Rosa, Laguna, with a maximum production capacity of 50,000 units.
It locally manufactures the Mirage, Mirage G4 and L300–all four-wheeled internal combustion engine vehicles.
Based on the latest joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA), MMPC is the second most dominant player in the automotive industry.
During the first four months of the year, it secured 19.76 percent of the market share, selling a total of 29,770 units.

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