Mitsubishi Philippines names new president

MANILA, Philippines — Mitsubishi Motors Philippines Corp. is aiming to grow its sales by 15 percent this fiscal year as it officially welcomed its new president.

For fiscal year 2023 covering April 2023 to March 2024, the annual sales volume of MMPC zoomed by 34 percent to a record 81,473 units from 60,630 units in the previous fiscal year. He added that a new vehicle model, the X-Force sports utility vehicle, to be launched in June, is also expected to help drive higher sales.

For MMPC’s top seller, the Xpander, Ramirez said the aim is to sustain the current volume of around 2,000 units a month.Ramirez said the MMPC plant in Laguna achieved its highest production volume ever during the last fiscal year, having assembled 41,598 units. For MMPC, she said the tariff reduction should be applied based on the policy directions established by the Electric Vehicle Industry Development Act, which includes hybrid vehicles and plug-in hybrid vehicles in its definition of electric vehicles .

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