Phl motor vehicle output revs up in 7 months

The Philippines posted the second fastest growth in motor vehicle production from January to July in Southeast Asia as the country's output rose by 15.2 percent, data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) showed.

- LOUELLA DESIDERIO

According to the AAF, the Philippines assembled 75,644 motor vehicles in the seven-month period, higher than last year's 65,664 units.

Myanmar posted the highest production growth in the region as its output jumped by 262 percent to 1,352 units as of end-July from just 374 units in the same period in 2023.

The only other country in the region where motor vehicle production in the January to July period increased was in Malaysia, where output grew by 7.7 percent.

All the other ASEAN countries tracked by the AAF registered lower production during the period, led by Indonesia (18.6 percent), Thailand (17.3 percent) and Vietnam (8.6 percent).