New MVDP to Consider Chinese Auto Manufacturers’ Plans
The planned entry of Chinese motor vehicle assemblers in the local market should be considered in the formulation of a new Motor Vehicle Development Program (MVDP), which used to cater only to the Japanese and American motor vehicle investors.
Elizabeth H. Lee, president of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI), said the planned MVDP must be fair and transparent to all stakeholders not just the existing assemblers but also parts makers, the new investors that have committed to come in, and the labor sector.
“A fair and transparent MVDP should be a result of a thorough review. As such, it will entice new investors into the industry,” Lee said.
Lee said that the entry of the Chinese firms into the domestic motor vehicle assembly and parts manufacturing is good news for the local industry largely because it entails the creation of additional job opportunities.
Hernandez for “bringing home the bacon.”She cited Trade and Industry Undersecretary and Board of Investments managing head Elmer C.
Lee in particular cited the plans of the Chinese motor vehicle assemblers to not just assemble for the local market but also for the exports market and their intention to produce major motor vehicle parts here.
She also cited a plan by the Chinese to produce “budget cars” for the C & D market noting that none of the existing local assemblers or even the imported completely built-up units is serving that market.
“I believe a budget car should be below the P400,000 level,” Lee said. Even the imported small cars being brought in by the Korean car firms and the Chinese car brands have prices over P400,000 a unit.
“Because the Chinese would like to produce and source locally then there is a potential to be able to sell their products at cheaper prices,” Lee added.
The Manila Bulletin
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