AUTO PARTS makers said their dependence on imports and rising costs are keeping them from reaping the benefits of strong car sales in the Philippines.
In a statement over the weekend, the Philippine Parts Makers Association (PPMA) said: “While the robust growth of the automotive sector signals a thriving industry, parts suppliers continue to struggle.”
PPMA President Ferdinand I. Raquelsantos said:
“We welcome the positive outlook in the automotive industry, but we must ask — what about the parts makers? Many of our members are on the brink of closure due to an uneven playing field. If we don’t act now, we may see the death of Philippine auto parts manufacturing.”
The PPMA pushed for stronger policy in favor of domestic manufacturers, including increased local-content requirements, tax incentives, and access to technology.
“Our industry has the capability and expertise to supply quality parts, but without the right policies, we are forced to rely on imports,” Mr. Raquelsantos said.
“The government and automotive companies must work hand in hand with parts makers to ensure that this industry not only survives but thrives,” he added.
The Chamber of Automotive Manufacturers of the Philippines, Inc. projects industry sales of 500,000 units this year. If realized, this would represent a 7% increase from the 467,252 units sold in 2024.
Car sales in 2024 grew 8.7%. — Justine Irish D. Tabile