MANILA — Mitsubishi Motors Corp. (MMC) has committed to investing approximately PHP 7 billion in the Philippines over the next five years.
The announcement was made during a meeting between MMC CEO Takao Kato and President Ferdinand R. Marcos Jr. at Malacañan Palace on February 6, 2025.
Kato revealed plans to expand MMC’s operations, including introducing a new production model at its Mitsubishi Motors Philippines Corp. (MMPC) facility in Laguna. President Marcos welcomed this investment, noting that it would create much-needed jobs in the country.
He also confirmed MMC’s inclusion in the government’s RACE Program, designed to revitalize the local automotive industry.
Kato emphasized the Philippines as MMC’s most important market in Southeast Asia, citing its stable economy. He noted that the Philippines is MMC’s number one market in ASEAN.
In a social media post, Marcos praised MMC as a key partner in strengthening the automotive sector and creating jobs for Filipinos. MMPC, a wholly-owned subsidiary of MMC, operates a manufacturing plant in Santa Rosa, Laguna, with a capacity of 50,000 units annually, and the potential to double this capacity.
As of November 2024, MMPC holds a 19% share of the domestic car market, ranking second behind Toyota.
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