New Toyota Tamaraw Set to Launch in Fourth Quarter of 2024

What will the pricing be like for the 2024 Tamaraw?

“With the resumption of motorization, the continued under penetration of passenger cars in the country, and an improved supply situation, we are confident that Toyota will continue to lead the way this year. I believe we are in an ideal position to help outline and form the future of mobility in the Philippines,” TMP president Masando Hashimoto said.

Toyota Motor Philippines (TMP) has exciting plans for the Toyota Tamaraw, as they prepare to launch the next generation model in the fourth quarter of this year. TMP has revealed that production of the new Tamaraw will begin in the third quarter at their manufacturing facility in Santa Rosa City, Laguna. This will be the third vehicle to be completely assembled at the plant.

The upcoming Tamaraw is designed as a convertible light commercial vehicle, offering a more affordable and suitable option for micro, small, and medium enterprises, as well as local government units and cooperatives. TMP is investing a substantial amount of P5.5 billion for the production of the next generation Tamaraw, which includes parts localization and vehicle conversion to enhance its capabilities.

One of the notable features of the new Tamaraw is its versatility, as it can be customized for various purposes such as a medical van, police car, food truck, transport vehicle, or even a refrigerated freight carrier. TMP is a joint venture between GT Capital Holdings Inc., Toyota Motor Corp., and Mitsui & Co. Ltd.

With a remarkable market share of 46.2 percent, TMP continues to maintain its leadership in the auto industry. This success can be attributed, in part, to the higher sales volumes resulting from the introduction of five new models in 2023. Toyota's exceptional sales performance has earned the company its 22nd consecutive Triple Crown award, solidifying its position as the leading automotive company in passenger car, commercial vehicle, and overall sales in the Philippines.

The next generation of the Toyota Tamaraw is expected to be launched in the fourth quarter of 2024. It is a pickup truck that boasts the following features:

Design: The Tamaraw prioritizes practicality over excessive adornments. It has a sturdy exterior form with simple lines and uncomplicated details. Bumpers and panels are easily replaceable to minimize downtime in case of accidents.

Interior: The Tamaraw isn’t luxurious. It’s designed for business and utility, so the interior panels are straightforward and made from durable plastic. It offers plenty of storage bins and a wash-down floor for owners and operators.

Variants: The base version is a cab and chassis model, but it can also be configured as a single cab pickup with a long tray. Various assemblers are available for specialized bodies, such as delivery trucks, medical vehicles, small business trucks, camping trucks, and motorhomes.

Engines: There are three engine options: (1) a 2.0-liter gas engine from the previous Innova, (2) a 2.7-liter gas mill, and (3) a 2.4-liter 2GD-FTV turbodiesel engine. Power figures range from 137hp to 166hp, and torque spans from 183Nm to 343Nm. The 2.0-liter comes with a five-speed manual, while the other two have a six-speed automatic transmission.

While there’s no official statement yet from Toyota Motor Philippines, given its release in Thailand, we can anticipate that the Tamaraw will be available in our showrooms next year. Exciting times ahead!

Are there any financing options available for the new Toyota Tamaraw?

Toyota offers various financing options for purchasing a new Toyota Tamaraw. Here are some potential options:

Titus-Will Toyota: Titus-Will Toyota in Tacoma, WA, provides financing options for new Toyota vehicles. Their finance team can work with you to craft finance terms that suit your lifestyle and budget. They offer competitive rates, flexible payments, and no-hassle credit checks. Whether you choose to buy or lease, they can assist you in finding the best financing option source.

Toyota Deals & Incentives: Toyota dealerships in different areas, such as Tamarack, MN, offer special deals and incentives for Toyota vehicles. These deals may include financing offers, rebate plans, and discounts. It's recommended to check with your local Toyota dealer to explore the financing options available in your area source.

Courtesy Toyota: Courtesy Toyota in Tampa, FL, provides auto financing options, including car loans and leases. Their professional finance department can help you secure a car loan or find a customized lease option. They work with customers of all credit histories and offer online finance applications for convenience source.

Toyota APR Deals: Toyota offers low APR (Annual Percentage Rate) deals for well-qualified buyers. These deals provide favorable financing terms and can vary depending on the model and location. To find out more about low APR financing options, it's recommended to contact your local Toyota dealer source.

Toyota Financial Services: Toyota Financial Services offers financing plans for new Toyota vehicles and Toyota Certified Used Vehicles. They provide rebate and finance programs that may help you save on your purchase. The contract terms for new vehicles range from 24 to 72 months, while terms for Toyota Certified Used Vehicles vary based on the vehicle's age. Toyota Financial Services also offers special benefits to customers who have previously financed or leased a vehicle through them source.

It's important to note that specific financing options may vary depending on your location and the dealership you choose. I recommend contacting your local Toyota dealership or visiting their website to get detailed information about the financing options available for the new Toyota Tamaraw.