Motor vehicle industry seen hitting sales target

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AUTOMAKERS are on track to meet this year's sales target, the head of an industry group said, having already hit 70 percent as of end-September.

AUTOMAKERS are on track to meet this year's sales target, the head of an industry group said, having already hit 70 percent as of end-September.'We're on track ... it seems like it's possible,' Chamber of Automotive Manufacturers of the Philippines Inc. President Rommel Gutierrez told reporters, referring to the goal of selling 468,300 units for 2024 and the aspirational target of 500,000.

'With increasing attention towards shifting to zero carbon emissions, the Campi chief also reiterated optimism about local prospects for electric vehicles .Amid concerns that the required infrastructure is still lacking, he said that while home charging was an option, public charging stations and its strategic placement are crucial, particularly for long-distance travel.

 

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