Philippines automotive market shows mixed trends amid Michelin growth

The Philippines has been identified as the weakest-performing vehicle production market in the ASEAN bloc for two consecutive months, according to a forecast by automotive research firm Mobility Global. While the broader South Asia region saw an increased production outlook for 2026 and 2027, the Philippines continues to lag behind regional peers like Thailand.

In contrast to the production slowdown, tire manufacturer Michelin is reporting significant growth in the Philippine market. Michelin Philippines Managing Director Jonathan Khong stated that sales volume in the country has increased by more than 60 percent since 2023. To sustain this momentum, the company plans to expand its focus beyond passenger vehicles into industrial sectors, including logistics, construction, agriculture, mining, aviation, and defense mobility.