Chery Auto Philippines announced that it will maintain the old prices of its full Tiggo model range for the entire month of March.
“We previously announced price increases in compliance with the Department of Trade and Industry’s Department Administrative Order (DAO) imposing a provisional safeguard tariff on certain imported cars and light commercial vehicles, but we have decided to absorb the tariff instead of passing it on to the consumer with higher prices,” Chery Auto Philippines president Rommel Sytin said.
|Tiggo 2 M/T||Php 695,000|
|Tiggo 2 A/T||Php 770,000|
|Tiggo 2 Two-Tone||Php 785,000|
|Tiggo 5x M/T||Php 818,000|
|Tiggo 5x A/T||Php 860,000|
|Tiggo 5x A/T Luxury||Php 950,000|
|Tiggo 7 A/T||Php 1,195,000|
|All-New Tiggo 7 A/T Pro||Php 1,198,000|
|Tiggo 8 A/T Luxury||Php 1,280,000|
|Tiggo 8 A/T Luxury EX||Php 1,340,000|
The company earlier said that a safeguard tariff amounting to P78,400 (P70,000 + VAT) will be collected from each Tiggo passenger car model.
The DTI imposed a provisional safeguard measure on cars and LCVs after it found higher vehicle imports are causing injury to the local automotive manufacturing industry in its evaluation of a petition filed by the Philippine Metalworkers’ Alliance.
Under the Safeguard Measures Act, the government can impose safeguard measures in the form of tariffs to provide relief to the local industry when there is serious threat or injury from increased imports of like products
“Chery Auto PH remains committed to delivering safe, secure, and value-packed mobility to the public while helping the country achieve its economic goals in these trying times,” the company said.
Source: 2021, March 4. Chery Auto PH retains old prices until end of March. Retrieved from Wheels.ph. Authored by Wheels PH Staff.