The Market Monitor Minding the Nation's Business
Mitsubishi Motors Philippines Corporation contributed approximately P6.1-million in taxes, making it one of the top importers for the period of January 1 to June 30 as recognized by the Bureau of Customs. It accounts for over 9 percent of the agency’s total collection during the first half of the year.
This achievement underscores MMPC’s continuing commitment to serving more Filipino customers and highlights the strong and sustained demand for Mitsubishi Motors vehicles in the local market.
MMPC also reaffirmed the importance of its partnership with the Bureau of Customs, which plays a vital role in supporting the company’s operations. Moving forward, the company is committed to fostering continued collaboration with the agency to ensure mutual growth and to better serve the expanding needs of its dealers and customers for imported products.
Mitsubishi is one of the country’s leading automotive assemblers and distributors. It is the longest staying automotive company in the Philippines. Occupying a 23-hectare plant in Sta. Rosa, Laguna, MMPC’s manufacturing plant has a maximum production capacity of 50,000 units. MMPC locally manufactures the Mirage, Mirage G4 and L300.
In fiscal year 2024, MMPC posted a record retails sales volume of 91,639 vehicles, representing a 12 percent year-on-year growth. Reinforcing its legacy of excellence, MMPC has captured the second-highest market share in the Philippine automotive industry, demonstrating its unwavering commitment to delivering high-quality vehicles and exceptional service to Filipino customers.