Local auto parts makers say “We better get going now”
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After the successful exhibition of the 1st Philippine Automotive Parts Expo or PhilAPEX 2017, the local auto parts makers are now scrambling to get ready for the PUV Modernization Program (PUVPM) of the Department of Transportation. PhilAPEX 2017 was organized by the Philippine Parts Makers Association (PPMA) to show the auto industry the local supplier base developed to serve the needs of the Comprehensive Automotive Resurgence Strategy (CARS) Program of the government.
A side event of PhilAPEX 2017 was the Eco PUV Showcase highlighting some sixteen prototypes of the modern PUV from various platform suppliers and body builders. The Eco PUV Program of the Department of Trade and Industry aims to answer the supply side of PUVPM. To finance the various incentives to support this program, the budget of P9.0 Billion for the coveted third slot of the CARS Program will now be allocated to the Eco PUV Program. Program participants must however commit to locally manufacture and assemble 200,000 units of the both the PUV platform and the body over the next five to six years.