Insider Spotlight
The recognition was conferred during the Bureau of Customs’ 124th Founding Anniversary on Feb. 12 at the GSIS Gymnasium in Pasay City, underscoring TMP’s growing fiscal contribution to national revenue.
The big picture
TMP’s latest remittance marks its highest annual contribution since it began operations in the Philippines. The amount reflects a substantial increase from the P43.91 billion it paid in 2024, highlighting the automotive leader’s expanding import volume and market demand.
The Bureau of Customs reported total collections of P934.4 billion in 2025, up 1.9 percent from the previous year. TMP’s payments formed a significant share of that increase, reinforcing private sector support for the government’s revenue generation efforts.
Why it matters
As one of the country’s leading mobility companies, TMP’s performance mirrors the resilience of the broader automotive sector.
Industry-wide sales reached 491,395 units in 2025, driven largely by the Commercial Vehicle segment, which posted a 7-percent growth rate based on year-end data from the Chamber of Automotive Manufacturers of the Philippines Inc.
TMP’s scale as an importer and manufacturer positions it as a key enabler of trade activity, supply chain movement, and employment, amplifying its impact beyond direct tax payments.
By the numbers
Beyond overall sales, TMP posted a 39-percent growth in its electrified vehicle portfolio, covering Hybrid Electric Vehicle and Battery Electric Vehicle models under the Toyota and Lexus brands. The expansion supports the country’s push toward lower-emission transport while broadening consumer access to more sustainable mobility options.
Zoom out
Laguna, where TMP’s headquarters and manufacturing operations are based, remains the country’s top provincial economy and the only province to exceed P1 trillion in economic output. It accounts for 4.9 percent of national gross domestic product and ranks third overall after Quezon City and Makati City.
TMP’s continued investments, technology introduction, and workforce generation contribute to sustaining that regional economic strength while reinforcing its long-term role in nation-building.
What’s next
With sustained vehicle demand and rising interest in electrified models, TMP is poised to remain a major revenue contributor as the government intensifies efforts to strengthen economic security and fiscal stability. —Vanessa Hidalgo | Ed: Corrie S. Narisma
