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Philippines

Toyota Philippines sees 41.9% sales drop in H1, projects 2020 local car market at 250,000 units

Reported on July 26, 2020, Toyota Motor Philippines Corp. (TMP) announced its revised projection of 2020 local automotive market of around 250,000 to 300,000 units or around 40% decline versus 2019 as the community quarantine reduced people’s mobility across the country. Yet, TMP did not provide a production forecast....

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