At the beginning of the year, the Department of Trade and Industry (DTI) has slapped additional safeguard tariff on most vehicle imports in response to a petition seeking to save local vehicle assembly operations. This moved Sojitz G Auto Philippines (SGAP) to announce pending price adjustments on its vehicles such as the Coolray, Azkarra, and Okavango.
While several auto brands have announced the treatment of this additional safeguard bond on the prices of its vehicles, SGAP defers the implementation of the price increase to April as dealers still have enough inventory which are not yet covered by the DTI’s safeguard policy. This means, customers could still take advantage of the current Geely vehicle prices until the end of March.
The price adjustment on Geely vehicles will be announced soon.