The Philippine economy in 2024 has shown steady growth, supported by strong domestic demand, a recovering tourism sector, and continued expansion in manufacturing and services. While global economic challenges persist, the country’s economic performance remains resilient, underpinned by ongoing infrastructure development, digital financial services, and reforms aimed at sustaining long-term growth.
With the projected 2024 Philippine economic growth in mind, Sojitz Fuso Philippines Corporation (SFP) is proud to announce another accomplishment. Last 2024, SFP marked an impressive thirty-five percent (35%) vehicle sales growth compared to 2023. This success underscores SFP’s solid development direction and commitment in delivering world class trucks, buses, and customer service.
As a background, SFP has been chosen by several businesses as their mobility solutions provider. These partnerships highlighted SFP’s ability to meet the needs of small-, medium-, and large-scale operations by providing efficient, durable, and reliable commercial vehicles.
One of the key milestones was its network expansion, making significant growth and local reach. SFP has successfully increased its presence nationwide with its current nineteen (19) dedicated dealers. SFP’s network is still expected to grow up to 21 outlets by the end of 2025 – strengthening its network and enhancing customer accessibility. With the opening of new 3S outlets, SFP has continued to build a foundation that supports both sales and after-sales services.
Based on SFP’s mission of improving the living conditions of Filipino people by providing various mobility options – customer satisfaction remains at the forefront of its operations. Through its dedicated support teams, after-sales services, and customer-centric approach – these initiatives foster strong relationships with both customers and dealers, ensuring the brand’s ongoing success and contribution to the local market.
“The success we have achieved thus far is a direct result of the strong collaborative partnership with our business partners. We appreciate their dedication, hard work, and efforts for the FUSO brand as we significantly contributed to the Philippine market. As we continue to grow, our shared endeavor will continue to build on success, creating new opportunities and delivering international quality service to our valued customers. Thank you for your significant contributions to FUSO’s success!” said Mr. Yosuke Nishi, SFP President & CEO.
As SFP celebrates its remarkable accomplishments in 2024, SFP expresses its deepest gratitude to its customers, dealer network, media friends, and stakeholders, who have played a vital role in the company’s success. Moving forward, SFP is excited to achieve new milestones and continue to contribute to the Philippines’ automotive progress in the future.
Visit FUSO Philippines’ official website at www.fuso.com.ph. Follow us on Facebook at www.facebook.com/FusoPhilippines for the latest news and updates from the brand.
For more information, please contact:
Ms. Joms Ilaw, Senior Brand Communications Specialist
[email protected] | (049) 530 1390
Reference:
The Philippines economy in 2024 | McKinsey
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Sojitz Corporation at a Glance
As a general trading company, the Sojitz Group is engaged in a wide range of businesses globally, including buying, selling, importing, and exporting goods, manufacturing and selling products, providing services, and planning and coordinating projects, in Japan and overseas. The Group also invests in various sectors and conducts financing activities. The broad range of sectors in which Sojitz operates includes those related to automobiles, plants, energy, mineral resources, chemicals, foodstuff resources, agricultural and forestry resources, consumer goods, and industrial parks. Sojitz has run so many kinds of automotive business all over the world such as CKD production, wholesale, and Retail. In the case of the business in Philippine, Sojitz has been engaged to the automotive business since 1969.
Daimler Truck Asia at a Glance
Daimler Truck Asia (DTA), under Daimler Truck AG, is an organizational unit that jointly operates Mitsubishi Fuso Truck and Bus Corporation (MFTBC) – an icon in the Japanese commercial vehicle industry with 90 years of history with its FUSO brand – and Daimler India Commercial Vehicles (DICV), an up and rising challenger in the Indian market. DTA adopts a strategic business model that allows its group entities to collaborate on product development, production, exports, sourcing and research activity to provide innovative, cutting-edge and best value products to customers. DTA’s vision is “to develop mobility solutions to embrace a better life for people and the planet,” and is aligned with Daimler Truck’s purpose, “For all who keep the world moving.”
MFTBC at a Glance
Based in Kawasaki, Japan, Mitsubishi Fuso Truck and Bus Corporation (MFTBC) is one of Asia’s leading commercial vehicle manufacturers, with 89.29% of its shares owned by Daimler Truck AG and 10.71% by various Mitsubishi group companies. An icon in the Japanese commercial vehicle industry with a longstanding history of 90 years with its FUSO brand, MFTBC manufactures a range of commercial vehicles including light, medium, and heavy-duty trucks and buses, and industrial engines for over 170 markets worldwide. In 2017, MFTBC introduced the eCanter, the first all-electric light-duty truck in series-production and in 2019, the Super Great – Japan’s first heavy-duty truck fitted with Level 2 Automated Driving Support Technology, a benchmark in the Japanese commercial vehicle market. MFTBC operates under the umbrella of Daimler Truck Asia, together with its partner organization Daimler India Commercial Vehicles (DICV) in India. This strategic unit allows the entities to collaborate on areas such as product development, parts sourcing and production to provide the best value to customers.
FUSO at a Glance
FUSO is a Daimler Truck brand, offering a range of commercial vehicles from light, medium, and heavy-duty trucks and buses to industrial engines and connectivity solutions for over 170 markets worldwide. A longstanding landmark in Japan’s commercial vehicle landscape, the brand has leveraged Japanese quality and craftsmanship over the decades. FUSO is particularly renowned for its offerings in the light-duty segment. The Canter light-duty truck claims the top market share in various markets around the world. In 2017 the eCanter became the first series produced all-electric light-duty truck in Japan, establishing FUSO as a pioneer in eMobility. FUSO promises customers a “Future Together,” a bold claim that continues to drive the brand’s contributions to safe and sustainable transport. This year marks the 90th anniversary of the FUSO brand, another milestone in its continuing legacy of setting benchmarks in efficiency, safety, and comfort.
