To further elevate its role in the Philippine mobility industry, Honda Philippines, Inc. (HPI) announced plans for a strategic merger with Honda Parts Manufacturing Corporation (HPMC). The proposed merger aims to consolidate the strengths of both organizations, enabling Honda to evolve into an even more integrated, efficient, and sustainable organization in the country.
The organizational integration is part of Honda’s long-term vision to secure the unwavering No. 1 market share in the Philippines.
“This initiative is a strategic step towards maximizing our production capabilities and enabling Honda to contribute more significantly to Philippine society,” said Honda Philippines, Inc. President Takeshi Kobayashi. “The Philippine motorcycle market is growing rapidly, and we believe this merger will allow us to better respond to demand and strengthen our presence as a mobility solutions provider.”
HPI and HPMC will secure approval from the Securities and Exchange Commission (SEC) on the Plan of Merger. Once approved, the merged entity will combine the robust manufacturing capabilities of both companies, creating a more integrated and flexible organization. This will reinforce Honda’s capacity to serve the increasing demand for both motorcycles and power products in the country and marks the beginning of a stronger, more unified Honda, geared to deliver greater value to all our stakeholders.
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