Chery Auto Philippines, the official dealer of Chery Vehicles locally announced the new prices of the Tiggo line, in conjunction with the Safeguard Tariffs act.
“In compliance with the Department of Trade and Industry’s Department Administrative Order (DAO) imposing a provisional safeguard tariff on certain imported passenger cars and light commercial vehicles, Chery Auto Philippines will be adjusting its prices accordingly,” announced Rommel Sytin, Chery Auto Philippines President.
Under the Safeguard Measures Act, the government can impose safeguard measures by way of tariffs to provide relief to the local industry when there is serious threat or injury from increased imports of like products.
Under this law, safeguard tariff amounting to PHP78,400 (PHP70,000 + VAT) will be added to the SRP of each Tiggo passenger car model.
Chery Auto PH remains adamant on delivering safe, secure, and value-added vegicles to the public while helping the country achieve its economic goals, especially during the pandemic.
Also notable is Chery Auto Philippines’ growing growth in the local automotive market by exceeding its January sales targets. A a combination of factors led by the growing popularity of the Chery brand and the perceived value from its heavily optioned crossovers.