Phl revs up motor vehicle production from Jan to Aug

Motor vehicles produced in the Philippines climbed by 17 percent year-on-year in the January to August period, the second highest growth in Southeast Asia.

- By LOUELLA DESIDERIO

Data released by the Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) yesterday showed that Philippine motor vehicle production as of end-August rose to 86,585 units from 73,789 units in the same period last year.

Myanmar had the highest growth in motor vehicle production in the region, jumping by 180 percent to reach 1,697 units during the eight-month period.

Malaysia posted a 7.8-percent growth in motor vehicle output to reach 536,313 units while the rest registered declines such as Indonesia (18 percent), Thailand (17.7 percent) and Vietnam (8.5 percent).

In all, motor vehicles produced in ASEAN went down by 12 percent to 2.51 million units in the January to August period from 2.85 million units in the same period in 2023.