Русский
The Russian Industry and Trade Minister, Alexei Gruzdev, has said that he considers the entry of Russian commercial vehicles into the Philippine market promising, with the possibility of Russian investors localizing production in the country to service the market.
Russia’s GAZ auto is already making deliveries to the Philippines from its facility in Vietnam, he said. The next Russian automaker to enter the Southeast Asian country’s market could be Kamaz.
Gruzdev said, “From the point of view of organizing assembly, GAZ has recently been working successfully in Vietnam. And some models already produced in Vietnam have been supplied to the Philippines. Therefore, this practice can be developed, but direct supplies under various programs to the Philippines are also ongoing. GAZ is successful in this sense, and Kamaz is also considering the possibility. From the perspective of industrial cooperation, it is attractive for Russian companies to obtain ASEAN-made status for their products, as well as to participate in grant and preferential programs launched by the Philippine government. Where market conditions exist, where there will be long-term demand, it is quite obvious that our companies are ready to consider the possibility of investing, organizing either their own production or in partnership. Considering both the fairly large population of the country itself and the fact that they are members of ASEAN, the Philippines is a fairly broad market. Organizing production there would allow, with a certain level of localization, to obtain ASEAN-made status and to access the domestic market duty-free.”
The automotive industry in the Philippines is one of the largest in Southeast Asia, with approximately 441,400 vehicles sold in 2023, although it has one of the lowest vehicle manufacturing outputs in the region. The largest brand is Toyota, which controls a 38.54% market share, with other significant brands including Mitsubishi, Ford, Hyundai, Nissan, Isuzu, Mazda, Suzuki, and Chevrolet.
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