Toyota kicks off new mobility company

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NEW mobility solutions.

This is how Toyota Motor Philippines Corp. (TMP) described the reason for creating Toyota Mobility Solutions Philippines, Inc. (TMSPH), a wholly owned subsidiary designed to be a provider of mobility-related services.

Arevalo

Aside from being a customer-oriented solutions provider, the new company is an expression of Toyota’s confidence that the Philippines can rebound to the pre-pandemic levels. It is one of several responses of the company to the challenge of a deflated economy and the automotive industry sales not recovering as fast as expected. Although presenting more lofty ideals like “mobility for all” the business side of the venture is to meet customer needs, shaped mostly by the post-pandemic conditions, by creating a suite of unique mobility solutions that “creates value for society through a service business model.”

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“We envision TMSPH to be at the center of the ‘new mobility’ ecosystem as an integrated, ‘one-stop’ mobility solutions provider to help advance businesses and address local communities’ needs,” Ma. Cristina Fe Arevalo, TMSPH President as she also defined TMP’s concept of ‘new mobility’ as a suite of technology and data-driven lifestyle and business solutions that can address day-to-day challenges of moving people and goods from one point to another.

Arevalo highlighted that TMSPH will primarily support the operating efficiency and growth of micro, small and medium-sized enterprises or MSMEs of various industries which are vital in driving economic growth. An initial pipeline of services which include fleet-connected service, on-demand shuttle booking app, car sharing or rental, logistics matching service, and fleet management service.

Additionally, TMSPH will complement Toyota Financial Services Philippines Corporation (TFSPH) in promoting and managing units under its full operating lease product called KINTO.

Along with automotive manufacturing and distribution businesses, TMP furthers its effort to provide safety and comfort for Filipinos with TMSPH’s Vehicle Usership (VU) platforms, available for individuals and the business sector.

According to TMP president Atsuhiro Okamoto, this new venture will “better shape the industry’s role in building our modern societies and enriching human lives.” “We will accelerate the fulfillment of Toyota’s global mission to ‘Produce Happiness for All’ and vision to create ‘Mobility for All,” he added

The first of its kind among Toyota affiliates in the Southeast Asian region, TMSPH is considered as a ‘New Mobility Dojo’ that is projected to modernize domestic mobility systems and Internet of Things (IoT), potentially creating employment opportunities for technical but customer-centric professionals.

Toyota provides staunch support to local manufacturing, a backbone of the Philippine economy, through a strategic network of vehicle and parts manufacturing industries, as well as the export of automotive parts and components by local Toyota Group suppliers.

“Our vision has always been to contribute to the Philippine economy and society through our automotive manufacturing business,” TMP chairman Alfred V. Ty said. “As of the end of last year, Toyota is happy to provide jobs for approximately 63,000 Filipinos at TMP, our dealers, suppliers, and affiliates. We have also contributed $17.1 billion in terms of auto component exports to our Toyota group worldwide since we started export operations in 1997.”

Company Name Toyota Mobility Solutions Philippines, Inc.
Shareholding 100% – Toyota Motor Philippines Corporation
Officers Chairman – Atsuhiro Okamoto (Japanese)
Chief Executive Officer- Ma. Cristina Fe N. Arevalo (Filipino)
Business Description Integrated mobility solutions provider
Business Address 28th Floor, GT Tower International, Ayala Avenue corner H.V. Dela Costa St., Salcedo Village, Bel-air, Makati City
Date of Incorporation June 8, 2022
Date of Inauguration August 12, 2022
Employees 30 (initial; as of inauguration)

 

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