/ News
DTI eyes the Philippines as upcoming motorcycle manufacturing hub
Business is booming both in local sales and exports.
It looks like the local motorcycle industry has picked up some steam over the past few years, as the Department of Trade and Industry (DTI) has stated the our country is fast becoming a motorcycle manufacturing hotspot in the ASEAN region. With multiple motorcycle manufacturers gearing up and setting up shop on our local shores, the industry stands a chance of drastically improving the economy.
In Security Bank’s 2021 Economic Forum entitled “The Future of the Philippine Manufacturing Industry,” DTI Secretary Ramon M. Lopez stated that he sees a lot of potential in the rapidly growing motorcycle manufacturing industry in the Philippines. A few key highlights in the local scene include Honda’s continuous manufacturing of small, low-displacement commuters which are currently enjoying successful sales figures all over the country. Honda’s local manufacturing prowess has been so acclaimed that the company will soon be exporting Philippine-made bikes overseas, particularly to New Zealand.
On the premium side of things, Ayala’s flagship motorcycle offering, KTM, continues to see rapid growth, not only in the premium entry-level segment, but in the fast growing big bike segment. It’s interesting to note that KTM’s 790 range, consisting of the 790 Adventure, 790 Adventure R, and 790 Duke, are the first big bikes to see local assembly here in the Philippines. Because of this, Team Orange has been able to offer these premium machines at very enticing price points. Of course, KTM’s 390 range also continues to enjoy an impressive turnaround in the local market.
Other notable developments in the local motorcycle manufacturing industry include Yamaha’s expansion to its new production facility in LIMA Technology Center in Batangas. In this new world-class facility, Yamaha’s premium commuters in the form of the NMAX 155 and Aerox 155 will see local assembly. Reports suggest that the Japanese motorcycle manufacturer will also begin producing other premium machines in the new facility.
Overall, the DTI reports that the local motorcycle industry grew by an impressive 22 percent as of January, 2021 when compared to the same period last year. With the demand for lightweight, affordable motorcycles continuing to increase all across the ASEAN, there is indeed a likelihood that we will continue to see the development of the local motorcycle industry.
Tagged Under
Related Articles
-
LTFRB to halt expansion of motorcycle taxis in NCR / News
The LTFRB has announced that it’s putting a stop to the expansion of motorcycle taxis within Metro Manila.
-
Motociclista Scatola Inc. takes over Royal Enfield distribution in the Philippines / News
Motociclista Scatola Inc. also known as Bikerbox has taken over local distributorship of Royal Enfield.
-
Local motorcycle sales grow close to 5 percent in H1 2023 / News
The Philippine motorcycle market enjoys a 4.7-percent growth rate from January to July of 2023.
-
Ducati sets global sales record in first half of 2023 / News
Ducati has announced that the first half of 2023 is its strongest ever in terms of sales, with close to 40,000 units sold across the globe.
-
MV Agusta’s Timur Sardarov clarifies speculation around KTM’s involvement in the brand / News
In an interview, MV Agusta’s Timur Sardarov clarified speculations about KTM’s recent escapades with the MV Agusta brand.
Latest News
-
Royal Enfield Philippines inaugurates new flagship store at Brixton, Pasig / News
Royal Enfield has opened the doors to its new flagship dealership in Brixton, Pasig.
-
BMW brings big updates to 2025 F 900 R naked bike / News
BMW has introduced updates to its popular F 900 R naked bike for the 2025 model-year.
-
Ducati showcases stealthy Diavel V4 Black Roadster / News
Ducati has unveiled the 2025 Diavel V4 Black Roadster, a unique and stealthy take on the power cruiser.