Showing posts with label DTI. Show all posts
Showing posts with label DTI. Show all posts
May 20, 2024
Cheaper Hybrids Set To Arrive? Philippine Government Expands Zero Tariff Coverage
Despite push back from the Department of Trade and Industry (DTI), the National Economic and Development Authority (NEDA) extended its zero-tariff policy to cover hybrids (HEVs) and plug-in hybrids (PHEVs) until 2028 in a bid to wean the country away from fossil fuels and boost its electrified vehicles market.
Filed Under:
DOE,
DTI,
Electric Vehicles (EV),
News,
PHL Auto Industry
May 2, 2023
Electric Vehicle Association Supports DTI Position On Zero Tariffs For EVs
According to Edmund Araga, President of the Electric Vehicle Association of the Philippines (EVAP), the association has been working tirelessly to promote and advance the adoption of electric vehicles (EVs) in the country. However, there has been a misconception that EVAP does not support the Department of Trade and Industry’s (DTI) position of scrapping import tariffs for two-wheel electric-motorcycles. In reality, EVAP has been pushing for all EVs to be zero tariff, including two-wheel vehicles except for e-jeeps and e-trikes which have local manufacturing and assembly in country.
Filed Under:
DTI,
Electric Vehicles (EV),
News,
PHL Auto Industry
February 25, 2023
BYD May Enter The Philippines As A Car Manufacturer
The Philippines is courting for a new carmaker to setup shop locally. According to Department of Trade and Industry (DTI) Undersecretary Ceferino Rodolfo the country along with Vietnam and Indonesia are competing to secure a second EV assembly plant for China’s BYD.
Filed Under:
BYD Corporate,
DTI,
News,
PHL Auto Industry
November 26, 2021
Toyota Motor PH Awarded For Highest Total Quality
Toyota Motor Philippines Corporation (TMP) was honored with the 2019 Philippine Quality Award (PQA) for Performance Excellence by the National Government through the Department of Trade and Industry (DTI). The country’s leading automotive company attained the PQA Level 4, the highest level of national recognition for exemplary organizational performance in Total Quality Management (TQM).
Filed Under:
DTI,
News,
Toyota Corporate
August 30, 2021
PMVICs Do Not Conform To Lawful Intent And Purpose Of Clean Air Act
The Coalition of Clean Air Advocates of the Philippines (CCAAP), a multi-sectoral organization composed of environmental advocates and transport groups, shared what they think is behind the Department of Transportation (DOTr)’s messy implementation of the Private Motor Vehicle Inspection Service or PMVIS.
August 14, 2021
Expecting Your DTI Safeguard Bond Refund? Not So Fast
With the DTI junking the safeguard duty on imported cars and light commercial vehicles effective August 12, 2021, carmakers have stopped collecting the so-called safeguard bond. While those who have collected them starting February of this year have started releasing advisories on how they intend to give the monetary bond back to customers.
Filed Under:
DTI,
News,
PHL Auto Industry
August 13, 2021
Thanks To DTI Junking The Safeguard Bond, Nissan PH Brings Down The Navara's Price
Nissan Philippines announces that it will be adjusting the standard retail price of the recently launched Navara.
Filed Under:
DTI,
News,
Nissan Corporate,
Nissan Navara,
Pick-Up
August 9, 2021
DTI Set To Remove Safeguard Bond On Imported Cars, Light Commercial Vehicles
The Department of Trade and Industry (DTI) will soon stop the imposition of the safeguard duty on imported completely built-up passenger cars and light commercial vehicles. The order was signed last Friday, August 6 by Secretary Ramon Lopez.
Filed Under:
DTI,
News,
PHL Auto Industry
May 12, 2021
PH Government Offering Tax Incentives For Hyundai To Locally Manufacture Ioniq Hybrid
The Philippine government is eyeing Hyundai to assemble the Ioniq Hybrid in the Philippines. This was after the DTI’s Board of Investments met with the Embassy of the Republic of Korea in the Philippines, the Embassy of the Republic of the Philippines in South Korea, and the DTI’s Foreign Trade Service Corps.
Filed Under:
DTI,
Hyundai Corporate,
Hyundai Ioniq,
News
April 3, 2021
Indonesia Expands Tax Breaks to Larger Cars to Boost Auto Industry
Last month, in a bid to spur its local automotive industry, Indonesia cut its luxury tax on selected vehicles to zero; a month later, they’re now looking to expand that tax cut’s coverage.
Filed Under:
DTI,
News,
PHL Auto Industry
March 12, 2021
Mazda3, MX-5 Hit by DTI Safeguard Tariff
Mazda Philippines is the latest car manufacturer to announce the effect of the DTI’s Safeguard Duty, but unlike other brands, it will so far affect just two models: the Mazda3 and MX-5.
Filed Under:
DTI,
Mazda 3,
Mazda Corporate,
Mazda MX-5,
News
March 10, 2021
Subaru Vehicles Safe from DTI Safeguard Tariff Until End of March
When you buy a Subaru, you’re not the only one that’s safe; your wallet is safe—safe from the DTI’s safeguard tariff, that is.
Filed Under:
DTI,
News,
Subaru Corporate
March 3, 2021
Chery Auto PH Backpedals on Price Increase
In what could be the oddest pricing move in the local automotive industry, Chery Auto Philippines has decided to backtrack on its planned price increase brought on by the DTI’s safeguard tariff.
Filed Under:
Chery Corporate,
DTI,
News
In Order to Spur Its Auto Industry, Indonesia Cuts Luxury Tax on New Cars to Zero Percent
This is a tale of two countries trying to recover from the economic slowdown brought on by COVID-19.
Filed Under:
DTI,
News,
PHL Auto Industry
March 2, 2021
Geely PH Now Says They're Holding Their Prices Until April
After setting off a chain reaction wherein several other carmakers have begun to increase their prices due to the DTI safeguard tariff, including its rivals Chery and GAC Motor, Sojitz G Auto Philippines, the official distributor of Geely vehicles in the country backs off its price increase at least for this month.
Filed Under:
DTI,
Geely Corporate,
News
Mitsubishi PH Also Requiring Additional Cash Deposit for Xpander, Montero Sport, and Strada Models Due to Safeguard Tariff
Mitsubishi Motors Philippines Corporation (MMPC) joins other Japanese carmakers like Toyota and Isuzu in requiring an additional cash deposit when purchasing selected vehicles due to the implementation of the DTI’s safeguard tariff.
Ford PH Bumps Up Prices of Ranger, Territory Due to DTI Safeguard
Ford is the latest car manufacturer to bump up its prices thanks to the implementation of the DTI safeguard tariff. Effective this March 1, 2021, selected models have seen modest price increases.
Filed Under:
DTI,
Ford Corporate,
Ford Everest,
Ford Ranger,
Ford Territory,
News
March 1, 2021
You'll Need to Pay an Additional P78k Security Deposit When You Buy a Chery
Update: Chery Auto PH has deferred any collection of DTI safeguard duty to April (3/12).
Addressing consumer concerns about higher prices resulting from the safeguard duties on imported automobiles, Chery Auto Philippines has announced the new prices for its line of Tiggo crossovers and SUVs.
Filed Under:
Chery Corporate,
DTI,
News
February 25, 2021
DTI Adds More Countries Exempted from Automotive Safeguard Duties
The Department of Trade and Industry (DTI) has amended its safeguard duty to include more exempted countries.
Filed Under:
DTI,
News,
PHL Auto Industry
All-New Isuzu D-Max, mu-X Hit by DTI Safeguard Tariff
Isuzu Philippines is the latest automaker to announce moves surrounding the DTI’s provisionary safeguard duty. And similar to Toyota’s lead, they will be issuing refundable deposits effective March 1, 2021.
Filed Under:
DTI,
Isuzu Corporate,
Isuzu D-Max,
Isuzu mu-X,
News
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