Manila, Philippines — According to the recent July sales figures of the Truck Manufacturers’ Association (TMA), Sojitz Fuso Philippines Corporation (SFP), the general distributor of FUSO and one of the primary commercial vehicle distributors of brand-new trucks and buses in the Philippines hailed as Rank 3 in terms of truck and bus sales performance.
This marks the second time for FUSO to improve its sales ranking to 3rd in the TMA tally; the first was last March. In addition, FUSO showed a remarkable improvement from January to July 2022 sales performance as it expanded by 26.2% compared to the previous year, while the industry growth showed 1% — this resulted in the improvement of FUSO’s market share to 11.4%.
Another breakthrough is the segment under the Light-Duty Truck covering 4.1T to 4.5T or Category 3 under TMA segmentation; FUSO was able to penetrate 22% market share in July, which allowed the brand to climb up to the 2nd spot. Thanks to the consistent sales contribution of FUSO Canter FE71 (4W) and Canter FE73 (6W) for making this achievement possible.
SFP President and CEO, Mr. Yosuke Nishi said, “FUSO’s 3rd spot in the overall industry is a proof that the brand has established a relationship with our customers. It is a testimony that FUSO is committed to our promise of delivering high-quality and reliable products and services to our customers’ business needs. Aside from this, we thank our dealer partners and front liners for their efforts and dedication to living the brand’s core values.”
“This milestone indicates that we are committed to our core values to provide the best sales and service support to all our customers,” He added.
FUSO has been in the business of providing reliable, durable, and efficient commercial vehicle products. With FUSO’s global brand tagline, “Future Together,” – SFP will continue to accelerate efforts to strengthen its growing business across the country further.
For the remaining months of this year, SFP is confident of achieving more sales milestones to expand market presence in the industry. Through the company’s strategic plans and continuous dealer expansion, SFP is still on track to provide FUSO products to customers that radiate high-quality, sustainability, and best value for money.
To know more about FUSO’s latest offers, as well as the product portfolio of light, medium, and heavy-duty trucks, buses, and modern PUVs, visit www.fuso.com.ph.
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John Ferd Cabeliza, Advertising and Public Relation Specialist, SFP
Phone: (02) 8234 2484 e-Mail: [email protected]
Jomary “Joms” Ilaw, Advertising and Public Relation Specialist, SFP
Phone: (02) 8234 2484 e-Mail: [email protected]
E-mail: [email protected]
FUSO at a Glance
FUSO is a brand of commercial vehicles manufactured by Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Daimler India Commercial Vehicles (DICV). Currently, FUSO represents a holistic line-up of products and services that match the needs of customers in over 170 markets. The FUSO product positioning covers a wide spectrum, from robust and economic trucks for growth regions, to cutting-edge mobility solutions with industry-leading technology and reduced environmental impact. FUSO is particularly renowned for its offerings in the light-duty segment – the Canter light-duty truck claims the top share in various markets around the world. Throughout the decades, FUSO trucks and buses have leveraged Japanese quality and craftsmanship to set benchmarks in efficiency, safety, and comfort.
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 more than 85 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 all-electric light-duty truck as a series-production model 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 Trucks 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.
Daimler Trucks Asia at a Glance
Daimler Trucks 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 more than 85 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.”
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.