Toyota Motor Philippines (TMP) registered a record 2025 net income of PHP19 billion, 18 percent higher than its 2024 performance, as strong sales of electric vehicle models helped boost overall sales for the year.
TMP, the country’s largest motor vehicle firm and 51 percent owned by GT Capital Holdings of the Ty Group, said sales grew 5.2 percent growth to a record level of 229,447 units for the entire 2025, primarily driven by by Vios and Avanza. As a result, TMP’s market share grew to 46.7 percent in 2025, maintaining its 24th consecutive Triple Crown; an industry wide achievement and citation for securing the number one spot in passenger car, commercial vehicle, and overall sales.
Notably, year 2025 saw a clear indication as to the role of EVs in the domestic market.
For TMP, its EVs accounted for 8.5 percent of the company’s total vehicle sales, significantly up from 0.33 percent in 2020.
Among the company’s top selling hybrid electric vehicle (HEV) models are the Zenix, Yaris Cross, and Corolla Cross. To further widen its model offerings, TMP launched two new electrified vehicles in 2025: the all-new Toyota ATIV, its most affordable and accessible HEV yet, and the bz4X, Toyota’s first full battery electric vehicle (BEV) offering in the Philippines.
TMP likewise strengthened its presence in the Light Commercial Vehicle (LCV) segment with the Next Generation Tamaraw, which attained its 2,000-unit average monthly sales target in the fourth quarter of 2025. Furthermore, the company introduced additional conversion options for the Tamaraw last year, reinforcing its versatility and reliability for micro, small, and medium enterprises (MSMEs), as well as for local governments’ utilization.
“Our multi-pathway approach continues to prove effective in bringing diverse mobility solutions closer to Filipinos. As the nation faces evolving fuel cost challenges, TMP maintains its focus on providing its customers with a full range of models – from fuel efficient new-generation internal combustion engine vehicles to full-electric vehicles that support varying needs and preferences,” said TMP President Masando Hashimoto.
