Parts supply projects worth a total of P1.28 billion have been approved in support of the Comprehensive Automotive Resurgence Strategy (CARS) program, the Board of Investments (BoI) said.
The projects involve suppliers of Toyota Motor Philippines Corp. (TMPC): Valerie Product Mfg. Inc. (P94.5 million) and Technol Eight Phils. Corp. (P495.9 million), which will manufacture body shell parts; and Manly Plastics Inc. (P520 million) and Toyota Boshoku Phils. Corp. (P167.2 million) that will produce consoles and door trims, respectively, for the Vios subcompact under the Body Shell and Large Plastics (BSLP) category of the CARS program.
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