The Board of Investments approved Mitsubishi Motors Philippines Corporation’s (MMPC) participation in the Comprehensive Automotive Resurgence Strategy (CARS) program in the second quarter of 2016. With this, MMPC will locally produce the Mirage hatchback and the Mirage G4 sedan in addition to the Adventure and the L300 models.
As the company gears up in its commitment to the CARS program, MMPC acknowledged 25 local parts suppliers that will play a major role in the local production of the Mirage and the Mirage G4 starting January 2017. MMPC added that this is just the first batch of suppliers that have “firmed their involvement” under its Local Parts Manufacturing Program.
MMPC claims that the Mirage and the Mirage G4 are one of its best-selling models, which allowed the brand to take the number 2 position in the passenger car category. As a review, when the updated Mirage was launched last May 2016, MMPC First Vice President Froilan Dytianquin told AutoDeal.com.ph that they are looking to sell around 600 to 700 units of the said model per month.
Other than its monthly sales target, MMPC will locally manufacture 200,000 units of the Mirage and the Mirage G4 over a 6-year period as part of its participation in the CARS program. Moreover, MMPC said that they started a second shift operation in preparation to the local production of the Mirage and the Mirage G4 in 2017. A total of 500 assembly workers were hired to support this second shift operations.
It was also previously reported, that MMPC has invested in a P2 billion stamping shop facility in Laguna. The stamping shop is eyed to boost the local production of the Mirage and the Mirage G4 to around 60,000 units annually starting 2018. The P2 billion stamping shop facility is part of MMPC’s P4.3 billion investment for its participation in the CARS program.
Here’s the list of participating local suppliers:
List of Suppliers
Latest News
-
Hyundai Philippines celebrates first N model handover / News
Hyundai Motor Philippines recently celebrated a big day with its first customers of the new IONIQ 5 N and Elantra N models.
-
Get behind the wheel at Ford Island Conquest in Davao and Cagayan de Oro! / News
Ford Island Conquest in Davao and Cagayan de Oro this September with opportunities for test drives and discounts on Ford vehicles.
-
Why is the Suzuki S-Presso such a popular small car? / News
The Suzuki S-Presso might be small, but it's a big deal on AutoDeal, getting more looks and inquiries than even some larger cars.
Popular Articles
-
Cheapest cars under P700,000 in the Philippines
Jerome Tresvalles · Sep 02, 2024
-
First car or next car, the Ford EcoSport is a tough package to beat
Jun 18, 2021
-
Car Maintenance checklist and guide – here’s everything you need to know
Earl Lee · Jan 12, 2021
-
Most fuel efficient family cars in the Philippines
Bryan Aaron Rivera · Nov 27, 2020
-
2021 Geely Okavango — Everything you need to know
Joey Deriquito · Nov 19, 2020
-
Family cars in the Philippines with the biggest trunks
Sep 20, 2023
-
Head to head: Toyota Rush vs. Suzuki XL7
Joey Deriquito · Oct 28, 2020
-
Why oil changes are important for your car
Earl Lee · Nov 10, 2020
-
2021 Kia Stonic — What you need to know about it
Joey Deriquito · Oct 16, 2020
-
Top 7 tips for buying a used car in the Philippines
Joey Deriquito · Nov 26, 2020