Auto industry to hit 2018 sales target if excise tax not imposed

THE Philippine automotive industry is confident it can attain its 2018 sales target of 500,000 units if the proposed excise tax will not be imposed, an industry official said.

“The industry can attain the 500,000-unit sales target by 2018 if the excise tax will not be imposed,” Joseph Bautista, Isuzu Philippines Corporation’s head of product development and resident outdoorsman, said on Thursday night during the Isuzu media party.