Nd These Could Affect The Demand For Vehicles He Said Because Of Constraints In Supply Chain News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 ....

Antonio Zara , Centrale Tuesday , Automotive Manufacturers , Bonifacio Global City , Monetary Board , New Showroom Ac Motors President Antonio Zara , C Industrials President And Chief Executive Officer Arthur Tan , Nd Adventure Cycle Philippines , Nc President Andre Santos From Left To Right Pose Fora Celebratory Toast During The Opening Of Ac Motors Centrale In Bonifacio Global City On June 28 , 022 Ac Motors Centrale Isa Consolidated Showroom For Motor Brands Including Honda , Nd Husqvarna Photo Courtesy Of Ac Motors Manila The Country 39s Automotive Industry Is Expected To Continue Its Growth This Year Despite Rising Oil Prices And Supply Constraints In Global Value Chain Being Experienced Across World President Antonio Zara Said An Interview On Sidelines Launching Centrale Tuesday Night That Total Sales Will Grow Between 11 15 Percent 2022 Quot Rate Relative Last , Di Think , Ill Continue Because We Haven 39t Seen The Real Demandi 39m Confident Will Grow 11 To 15 Percent In 2022 , Uot Zara Said The Chamber Of Automotive Manufacturers Philippines Campi Last March That Industry Targets To End 2022 With 336 , 000 Unit Sales , 7 Increase Higher Than 2021 39s Volume Quot The Car Industry Isa Good Barometer Of Economy And It Is That Despite Supply Constraints , E Are Growing By 11 Percent , Uot He Added Quot Very Bullish About Continued Economic Recovery , Ontinued Growth In The Industry , Nd Of Course Continued Sustainable Growth Ac Motors Brands Quot Vehicle Under Include Honda , Nd Husqvarna The Ayala Led Firm Has Opened Ac Motors Centrale In Bonifacio Global City , A Consolidated Showroom For All Ac Motors Brands Zara Said Is Projected To Outpace The Industry Sales This Year Aside From Continued Rise In Oil Prices , E Added Delays In Delivery Of Cars And Auto Parts Challenge Both Local Global Industry , Nd These Could Affect The Demand For Vehicles He Said Because Of Constraints In Supply Chain , T Takes Around Three Months Fora Car Company To Deliver The Order Customer But Zara Is Expecting That Global Supply Chain Will Improve Towards Latter Part Of 2022 Quot We Normalize By End Year Hopefully 39s Nota Certainty What Are Bullish About Would Be Continued Improvement In Second Half Relative First , Uot He Added Zara Said Some Banks Have Decided Not To Reflect Yet On The Hike In Interest Rates Announced By Monetary Board Quot Stimulate Economy And Continue Approving Bank Loans Pna ,