PHL lags in motor vehicle production - BusinessMirror

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PHL lags in motor vehicle production - BusinessMirror
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The Philippines has produced 84,138 motor vehicles in the first 11 months, a 6.9-percent increase compared to the same period in 2021, according to Asean Automotive Federation (AAF). Know more:

THE Philippines has produced 84,138 motor vehicles in the first 11 months, a 6.9-percent increase compared to the same period in 2021, according to Asean Automotive Federation .

This was followed by Vietnam, with 52.7-percent growth; Malaysia growing by 48.2 percent; Indonesia by 32.5 percent; Thailand with 16.9 percent growth; and, the Philippines by 6.9 percent. Malaysia had the biggest growth in motor vehicle sales at 44.8 percent followed by Vietnam at a 43.5 percent growth.INDONESIA and Thailand posted increases, at 19.2 percent and 22.6 percent, respectively.

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