History
Toyota's presence in the Philippines dates back to 1962 when Delta Motor Corporation, a company established by Ricardo C. Silverio Sr., acquired the rights to assemble and distribute Toyota vehicles for the Philippine market. Delta Motor Corporation collapsed during the Philippine economic downturn in the early 1980s. Operations came to a halt in December 1983 and by March 1984, Toyota's tie-up with Delta Motor Corporation was terminated. The company was dissolved by 1988.
When Toyota Motor Corporation president Shoichiro Toyoda came looking for a new partner in the Philippines, he sought out Dr. George S. K. Ty, and on August 3, 1988, TMP was incorporated as a joint-venture among Metrobank, Toyota Motor Corporation and Mitsui & Co., with Masao Mitake as its first president. The sale of Toyota vehicles in the country began in the following year through four dealerships.[4]
In 1994, TMP captured its first "Triple Crown", being the leading car manufacturer in total sales, passenger car sales and commercial vehicle sales. It has continued its Triple Crown run up to the present, garnering 19 consecutive Triple Crowns as of 2019.
In April 1997, TMP opened its Sta. Rosa Assembly Plant complementing the operations at the Bicutan Assembly Plant (formerly, the Delta Motor Corporation assembly plant). In 2003, TMP's Sta. Rosa Industrial Complex is certified as an economic zone by the Philippine Economic Zone Authority.
The Bicutan Assembly Plant was closed in 2005 and all production was moved to Santa Rosa, Laguna. The old plant became Toyota Bicutan Parañaque built fronting the Bicutan exit of Metro Manila Skyway. By October 2007, TMP sold its 500,000th vehicle.[5]
In 2021, TMP received the Philippine Quality Award (PQA) for Performance Excellence from the Department of Trade and Industry for its 2019 performance, the highest possible award for organizations that demonstrate "management excellence by the purposefulness with which it continues to improve and build upon outstanding results and excellent systems", and can "serve as a national and global model". With this, TMP became the award's second recipient in the PQA's two-decade history after Unilab in 2008.[6][7]
For the 35th anniversary celebration of Toyota Motor Philippines, Toyota Chairman Akio Toyoda announced the return of the Toyota Tamaraw and its local production at the TMP Santa Rosa Plant will begin on 2024.
