A bullish 2016 for Mitsubishi Motors PH
Headlining MMPC’s charge this year is undoubtedly the all-new 2016 Montero Sport. A product that’s already proven its popularity with the public and pundits alike, it has already helped the Japanese carmaker reach an all-time high of 54,000-unit sales last year.
Speaking to the media at the launch of the Montero Sport in World Trade Center Wednesday last week, MMPC first vice president Froilan Dytianquin revealed that the class-leading features of the all-new Montero Sport will help increase the company’s sales by 25 percent to around 70,000 units this year.
With a tagline of “Engineered Excitement,” the all-new Montero Sport is powered by an innovative diesel engine equipped with both Variable Geometry Turbo (VGT) and variable valve timing (MIVEC) technology. Dubbed the 4N15, this 2.4-liter fourcylinder engine ensures both a sporty and fuel-efficient drive. It also packs the segment’s first eight-speed automatic and Dakar Rally-honed Super Select-II 4WD system. Apart from the drivetrain, the all-new Montero Sport has been judged as the safest in its class, awarded by several award-giving bodies internationally. Some models benefit from the security of seven airbags, Hill Descent and Ascent Control, and Mitsubishi’s first-ever application of Forward Collision Mitigation and Blind Spot Warning system.
More importantly, in what could be seen as a marketing coup, Dytianquin revealed MMPC’s plan to sell the allnew Montero Sport alongside the current model. This move enables MMPC to offer the widest range of midsized SUV in terms of price. Dytianquin disclosed that the company will keep the entry-level Montero Sport GLX at around P1.2-million (P1,238,000 for the M/T and P1,338,000 for the A/T). Combined with the all-new model, MMPC will have nine variants of the Montero Sport (five of the current and four of the all-new model) with a price ranging from P1.2-million to just under P2-million.
Aside from being bullish about the Montero Sport, Dytianquin says that sales of locally produced models, such as the Mitsubishi L300 and Adventure, will see an increase this year primarily due to the upcoming national elections as well as the growth in small and medium-sized businesses. Already bannering a record year in 2015, the L300 will drive production at MMPC’s Santa Rosa, Laguna assembly plant from 9,000 units last year to 16,000 units this year.
During the same press conference, Dytianquin revealed MMPC’s aggressive product plans for this year. Aside from the all-new Montero Sport, the company is set to introduce an upgrade to the Strada pickup truck as well as the Mirage hatchback. The sedan version of the latter has become an extremely important part of the product line given the segment has grown 20 percent thanks to the government’s formalization of appbased transportation providers such as Uber and Grab Car. In fact, MMPC hopes to increase the Mirage’s sales from the already strong 32 percent growth it experience in 2015. In terms of all-new products, the company has announced the return of the muchawaited Outlander compact crossover. This enables MMPC to align itself closer to Mitsubishi’s SUV-centric global lineup.
With reservations already reaching past 2,000 units, the all-new Montero Sport still forms the foundation of Mitsubishi’s 2016 plans. However, with the slew of upcoming new and updated offerings as well as a bit of excellent marketing savvy, 2016 is set to be a strong year for MMPC, cementing its position in the Philippine automotive industry.
There’s a saying that what doesn’t kill you makes you stronger. It’s a saying that’s so apt for Mitsubishi Motors Philippines Corporation (MMPC). After a tough latter part of 2015 (but still maintaining an iron grip on its No. 2 sales ranking, the country’s second bestselling nameplate is already looking forward to 2016 with great optimism.