After an announcement two weeks ago, top executives from Toyota Motor Philippines (TMP), Grab Philippines, and Toyota Financial Services Philippines (TFSPH) officially signed the Memorandum of Agreement that makes vehicle replacement and regular maintenance easier for existing TNVS drivers.

Present at the formal signing are TMP President Satoru Suzuki,  with Senior Executive Vice President David Go; Grab Country Head Brian Cu, with Laurence Bahia, Head of Strategic Supply; and TFSPH President  Atsushi Murakami, with Mr. Marlon Pernez, Vice President.

The TMP-Grab Philippines partnership announced earlier this October, is an initiative by the industry leaders to help and promote the modern livelihood of Filipinos. It is also part of the earlier- announced strategic partnership between Toyota Motor Corporation and Grab Holdings, Inc. As vehicles are the drivers’ main source of income—TMP, TFSPH, and Grab are now jointly implementing these deals for Grab drivers with TNVS franchise.

The benefits give existing Grab driver-partners the following perks:

• Toyota Financial Services (TFSPH) - a special loan package with low down payment and affordable monthly installments for existing Grab partners, with inclusion of Maintenance Package option in loan term; Gas Card worth P 5,000.
• Toyota Motor Philippines (TMP) - Option # 1: Complete Maintenance Package comprising 30 percent off on periodic Maintenance Parts and Labor for up to 80,000 kilometers (17 visits; actual price depends on vehicle model); 15 percent off on battery, aircon cleaning, engine detailing, and accessories. Option # 2: Complete Maintenance Package Light - Warranty Void 30 percent off on Motor Oil, Oil Filter, Drain Plug, Gasket and Labor for up to 80,000 kilometers (17 visits; actual price depends on vehicle model; 15 percent off on battery, aircon cleaning, engine detailing, and accessories; P 15,000 Trade-in Incentive; Fuel Rebate Card; Free Dashcam; Free Air Care (1 time if maintenance package is renewed)
• Grab Philippines (GRAB) - Application for Car Replacement / Dropping and Substitution of existing TNVS, subject to Grab endorsement of applicant; Commission Rebate for first two (2) weeks of operation.