Production of motor vehicles in the country surged by 60.3 percent in the first month of the year with the Philippines besting the growth of volume car producers in the region, data from the ASEAN Automotive Federation (AAF) showed.
Production of motor vehicles in the country surged by 60.3 percent in the first month of the year with the Philippines besting the growth of volume car producers in the region, data from the ASEAN Automotive Federation showed.
Philippine motor vehicle assemblers were able to produce 8,886 units in January this year from 5,534 units in the same month last year. Malaysia, another major market, increased production volume by 36.2 percent to 58,527 units from 42,961 units.
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