Phl vehicle production rises 13% in 5 months

Motor vehicle production in the country went up by 13 percent in the January to May period from a year ago, the second highest growth in Southeast Asia.

- LOUELLA DESIDERIO

Data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) showed the Philippines assembled 54,045 motor vehicles in the first five months of the year, up from 47,761 units in the same period in 2023.

Posting the highest growth in motor vehicle production in the five-month period was Myanmar, which saw motor vehicle output jump by 847.2 percent to 843 units this year from just 89 units in the same period a year ago.

Aside from the Philippines and Myanmar, only Malaysia registered an increase in motor vehicle production in the fivemonth period, with its output up by 12.2 percent.

Meanwhile, all the other ASEAN countries covered by the AAF report registered declines in motor vehicle production in the January to May period such as Indonesia at 20.6 percent, Thailand at 16.9 percent and Vietnam at 8.7 percent.