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Ill Continue Because We Haven 39t Seen The Real Demandi 39m Confident Will Grow 11 To 15 Percent In 2022 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Auto industry seen to grow despite rising oil prices, supply woes

NEW SHOWROOM. AC Motors president Antonio Zara, AC Industrials president and chief executive officer Arthur Tan, and Adventure Cycle Philippines, Inc. president Andre Santos (from left to right)pose for a celebratory toast during the opening of AC Motors Centrale in Bonifacio Global City on June 28, 2022. AC Motors Centrale is a consolidated showroom for AC Motor brands including Honda, Isuzu, KIA, Volkswagen, Maxus, KTM, and Husqvarna. (Photo courtesy of AC Motors) MANILA - The country's automotive industry is expected to continue its growth this year despite the rising oil prices and supply constraints in the global value chain being experienced across the world. AC Motors president Antonio Zara said in an interview on the sidelines of the launching of AC Motors Centrale Tuesday night that total industry sales will grow between 11 and 15 percent in 2022. "The growth rate relative to last year, I think, will continue because we haven't seen the real demand. I'm confid

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